Search found 502 matches

by Diogenes
Thu Nov 23, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 149
Views: 9372

Re: Why not take Social Security at 62

I’m delaying and here are my reasons: 1) I’ve already enough to spend 2) I need the income space for Roth Conversion 3) I’m still in robust health, 2 of my aunts in their 90s are still conscious and walking, and doing some cooking. No one in my family has Alzheimers . One is not on any medicine at ...
by Diogenes
Wed Nov 22, 2017 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 149
Views: 9372

Re: Why not take Social Security at 62

If I have zero real need for SS in retirement and it's a "bonus" that will just be tossed in the market, then I'll wait until 70 to minimize longevity risk. An 8% annual increase seems massive in this low rate environment, and a larger annuity will provide a lot of safety in old age. If I've been l...
by Diogenes
Tue Nov 21, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 149
Views: 9372

Re: Why not take Social Security at 62

Here's a different way to look at the problem: Delay Social Security to age 70 and Spend more money at 62 . It makes a lot of sense. But I don't like the idea of spending MY money down from 62-70, assuming nothing will change in those 8 years with Social Security. This seems to be the key differenc...
by Diogenes
Tue Nov 21, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 149
Views: 9372

Re: Why not take Social Security at 62

On one hand I can see the argument that financial advisors don’t want you to spend down your portfolio, if they are managing it. But since most BH’s likely don’t use that type of advisor, it’s probably not an issue. What I find more curious are those that advocate spending down your portfolio first,...
by Diogenes
Mon Nov 20, 2017 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer Money from South Africa
Replies: 9
Views: 651

Re: Transfer Money from South Africa

We are looking at opening an account in South Africa as an option, will be there in a month. We have only 5 days to get account open and money transferred if we go this route. So off the airplane and straight to bank and hope it all works out. We closed an account there 3 or 4 years ago so maybe we...
by Diogenes
Sat Nov 18, 2017 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Best option for large foreign currency transfer
Replies: 35
Views: 2475

Re: Best option for large foreign currency transfer

I personally use webtrader which is more than I need for forex and shares/ETF trading. I looked at IB, which appears to be oriented toward day traders, not the typical BH. Seems like a good way to buy the South African rands that I need, unfortunately IB cannot wire them from a U.S. IB account to a...
by Diogenes
Fri Nov 10, 2017 7:04 am
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 8112

Re: $23k credit card emergency

Ursula, welcome to Bogleheads! First, congrats on finding this place and sitting down to write such a complete post. You’re not a “loser” just because you have debt, because you have taken a good step to straighten things out. Don’t think that no one would want to date you just because of this money...
by Diogenes
Tue Nov 07, 2017 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Best option for large foreign currency transfer
Replies: 35
Views: 2475

Re: Best option for large foreign currency transfer

Csm, Let us know what advantages they articulate in the presention. They are a small Luxembourg based organization who is trying to grow membership and saving deposits,much the same as a credit union in the U.S. I don’t live in the States, but my caution was about the sales pitch aspect and their sm...
by Diogenes
Tue Nov 07, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Best option for large foreign currency transfer
Replies: 35
Views: 2475

Re: Best option for large foreign currency transfer

I also have an appointment this week with a representative of https://www.amfie.org/en (I am eligible for an account with them). Is anyone familiar with them? When I've queried them for the deposit amount I would receive for a smaller transfer (DKK 100,000) it was actually comparable to TransferWis...
by Diogenes
Sun Nov 05, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Best option for large foreign currency transfer
Replies: 35
Views: 2475

Re: Best option for large foreign currency transfer

I'm familiar with TransferWise and have used them to transfer Danish kroner in amounts of under the equivalent of $10,000 a couple of times. They are efficient, and the exchange rate and fee were reasonable. But I'm wondering if this is the best option for larger sums. So if I understand you are lo...
by Diogenes
Sat Nov 04, 2017 1:43 pm
Forum: Personal Consumer Issues
Topic: Telestial phone, JT SIM card , is this good?
Replies: 2
Views: 155

Re: Telestial phone, JT SIM card , is this good?

If you are only passing through as a tourist for a few days, 35c/minute would work for emergency use. But that is very expensive if you are there any longer. Just make sure it will actually work where you are going. T-Mobile advertises a global plan, but it’s actually useless in the country I live i...
by Diogenes
Thu Nov 02, 2017 8:57 am
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9419

Re: I'm fairly young but done with saving money

If you are only in your mid-30's and are wondering how long you must work until you can retire, something is wrong. It has nothing to do with money.
by Diogenes
Sun Oct 29, 2017 7:04 pm
Forum: Personal Consumer Issues
Topic: Do you subscribe to digital newspapers?
Replies: 80
Views: 4560

Re: Do you subscribe to digital newspapers?

I subscribed to WSJ through the website "dailysubscription." I thought it was a great deal at $139 for two years online subscription. Problem is that 3 times in six months when I log in (actually log in is automatic) I see that I am in fact logged in because my name shows up in upper right corner, ...
by Diogenes
Sun Oct 29, 2017 1:04 am
Forum: Investing - Help with Personal Investments
Topic: Start TSP disbursements and delay social security -- or the other way around?
Replies: 50
Views: 3844

Re: Start TSP disbursements and delay social security -- or the other way around?

+1, and refreshingly apolitical. I don't consider my future SS payments or Medicare for that matter to be a "government entitlement" as my wife and I, along with our employers have paid in over 500k in FICA and Medicare taxes during over 95 years of combined labor. There is nothing political at all...
by Diogenes
Sun Oct 29, 2017 12:43 am
Forum: Investing - Help with Personal Investments
Topic: Start TSP disbursements and delay social security -- or the other way around?
Replies: 50
Views: 3844

Re: Start TSP disbursements and delay social security -- or the other way around?

You need to look at the bigger picture. It isn't just about when you pay the taxes, but how much they will be. If you defer Social Security (SS) from 66 -> 70 and use tax-deferred income there are several beneficial effects on taxes and other costs. All of this has been alluded to in previous posts...
by Diogenes
Sat Oct 28, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Start TSP disbursements and delay social security -- or the other way around?
Replies: 50
Views: 3844

Re: Start TSP disbursements and delay social security -- or the other way around?

The concept involved in spending your own money first, from your IRA/401K/TSP, etc to reduce the balance and thus avoid future taxes seems inherently flawed. It's good for the government, they get your taxes sooner rather than later, but bad for your surviving spouse and heirs. It leans on the premi...
by Diogenes
Thu Oct 26, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: Expat mail forwarding mechanics
Replies: 7
Views: 963

Re: Expat mail forwarding mechanics

I lived overseas for a few years pre-public-internet, and used a Mailboxes Etc store selected to be near a helpful relative to receive mail, which relative would collect, filter, and forward to me every week or two. It was also a useful way to preserve a US address; I officially lived in a "suite" ...
by Diogenes
Mon Oct 23, 2017 11:15 pm
Forum: Personal Consumer Issues
Topic: Expat mail forwarding mechanics
Replies: 7
Views: 963

Re: Expat mail forwarding mechanics

There is really no need to actually have a service that physically forwards the mail. These days the scan to email services work well. I’ve been using TravelingMailbox for some time and am pleased with the service. Even on occasion when I have received an unexpected check in the mail, with their gre...
by Diogenes
Sun Oct 22, 2017 1:46 am
Forum: Personal Consumer Issues
Topic: Do you subscribe to digital newspapers?
Replies: 80
Views: 4560

Re: Do you subscribe to digital newspapers?

I enjoy the FT also, but usually only read it when they hand it out on airplanes. Yes, it's old-school, but there is a place for the feel of a good newspaper. In the U.S. probably only the WSJ fits that, but it's not convenient to have it delivered since I'm an expat most of the time. I second the i...
by Diogenes
Fri Oct 20, 2017 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 164
Views: 14949

Re: Does anyone here with net worths north of $1 mil use financial advisors?

What if he charges flat fee, comparable to AUM fees of 0.1% and prefers DFA funds Vanguard bond funds and bounce off things Totally new to AA That doesn't sound terrible. DFA funds have pretty much tracked their corresponding indices (See https://www.wsj.com/articles/dfa-funds-are-booming-but-that-...
by Diogenes
Wed Oct 11, 2017 8:23 pm
Forum: Personal Consumer Issues
Topic: Wifi Thermostat
Replies: 55
Views: 3884

Re: Wifi Thermostat

I'll add to the recommendations for the Ecobee. I had one installed in a house I don't live in 6-8 months of the year and it has been trouble free. Even paid for itself once when it notified me via email that the temperature had dropped too low in the Winter. Furnace broke. But without it I wouldn't...
by Diogenes
Fri Oct 06, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 6126

Re: Question About Long Term Care

We currently have 5% compound inflation, so in 20 years when I will be 83 (about the time my mom went on claim), we'll each have a daily $527 benefit or annual benefit of $192,355, and policy benefit each of $961,775. Total benefit of $1,923,550 for the total 10 years. I can, at anniversary, reduce...
by Diogenes
Thu Oct 05, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 6126

Re: Question About Long Term Care

I think LTCi has been confused for a way to fund long term care as opposed to fund a low probability event yet very high cost case of needing long term care (where assets may be depleted). If long term care becomes a high probability need then premiums must go up. There is no free lunch. True. But ...
by Diogenes
Thu Oct 05, 2017 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 6126

Re: Question About Long Term Care

Is there really anyone who buys a product, "prepared" for the price to later double? Why would you? Are there any BH's who have actually done so in the past 5 years or so? Any recent purchasers of a non-subsidized LTCI product? Curious about the calculation of the _buyers_. Maybe I'm missing somethi...
by Diogenes
Mon Oct 02, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 6126

Re: Question About Long Term Care

Rate increases and lack of lifetime coverage is the reason the asset based policies are gaining traction. You are are an insurance salesman, correct? Could you comment on what the average commission is when you sell a LTCI product? Also, it would be useful to know the largest companies who still wr...
by Diogenes
Sun Oct 01, 2017 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 6126

Re: Question About Long Term Care

An insurance agent who sells these policies will of course see the 'benefit'. Most others don't in today's structure. Granted, insurance companies are not welfare agencies, they're it it for the money, as are insurance salesmen. But the use of fear to try to squeeze $150k from someone, knowing you w...
by Diogenes
Sun Oct 01, 2017 12:53 am
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 63
Views: 7323

Re: 3 stages of Financial Independence

Good list, but I would slightly modify what Timelord mentioned about there being a 'Number 4.' We can't ignore it. If the first three are Sufficiency, Comfort, and Abundance, then we must address the OMY situation as: 4. Failure to Accept — You have achieved option three, but are not convinced, or a...
by Diogenes
Fri Sep 29, 2017 11:03 pm
Forum: Personal Consumer Issues
Topic: What will happen if I refuse to pay a medical bill?
Replies: 125
Views: 7804

Re: What will happen if I refuse to pay a medical bill?

Sounds like you have a not-so-great insurance plan, and that you didn't properly check with them to determine if he was actually a covered provider. Why take it out on the Doctor? You received the service, correct? Ask the office for their cash price and explain it to them nicely. Then pay it and mo...
by Diogenes
Mon Sep 25, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Tax issues relocating abroad, avoid capital gains by gifting to foreign partner
Replies: 20
Views: 1264

Re: Tax issues relocating abroad, avoid capital gains by gifting to foreign partner

I thought the limit for gifts to spouse that are non-citizen is $149,000. I would suggest the OP see a very good accountant because this is very complicated. That's the annual gift limit. The OP is talking about using up his unified estate/gift tax amount of currently $5.5M. Gifts over the annual a...
by Diogenes
Mon Sep 25, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: IRA or SS First
Replies: 8
Views: 901

Re: IRA or SS First

Of course you will pay Federal tax on both anyway, so the difference in the State tax probably shouldn't be a deciding factor. If you haven't already tried some of the calculators out there, do so. There are other variables. MaximizeMySocialSecurity is one very good one, although it is I think $40/y...
by Diogenes
Thu Sep 07, 2017 9:58 pm
Forum: Personal Consumer Issues
Topic: Wanting a Portable Auto GPS
Replies: 65
Views: 3809

Re: Wanting a Portable Auto GPS

Still, the most trouble free for many is a simple $100 Garmin to leave in each vehicle and you're done. My wife uses it and would never use Waze or Sygic and download maps, etc. No need to worry about it we have the right maps, or the app running in the background running down the battery. A Sygic m...
by Diogenes
Mon Sep 04, 2017 11:54 pm
Forum: Personal Consumer Issues
Topic: Wanting a Portable Auto GPS
Replies: 65
Views: 3809

Re: Wanting a Portable Auto GPS

If you travel frequently to Europe and drive while there, get the Garmin with lifetime EU and U.S. updates. Very handy to quickly hit the ground running when inevitably your phone will not function on the local network or you haven't had a chance to pick up a sim. Much more dependable in spotty area...
by Diogenes
Fri Sep 01, 2017 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Start TSP disbursements and delay social security -- or the other way around?
Replies: 50
Views: 3844

Re: Start TSP disbursements and delay social security -- or the other way around?

Where else will you get a guaranteed 8% return, on COLAed income? Not enough information here to be certain (TSP balances, expenses, other savings) but it almost always pays to delay SS. Tapping TSP earlier will reduce RMDs as well. Do you want $1500/month each now, or $2000/month each in 4 years? ...
by Diogenes
Thu Aug 31, 2017 8:17 am
Forum: Investing - Help with Personal Investments
Topic: A Guide to Moving Abroad
Replies: 10
Views: 1363

Re: A Guide to Moving Abroad

Probably best to seek out those who have actually lived/worked overseas. You can find some here, but more on the expat forums.
First, you should engage with someone at your company that has done it since much advice is company/job/location specific.
by Diogenes
Wed Aug 30, 2017 7:18 am
Forum: Personal Consumer Issues
Topic: T-Mobile promotion for 55+
Replies: 84
Views: 8746

Re: T-Mobile promotion for 55+

Another good feature of the new T-Mobile plan is the ability to turn it off for months at a time while keeping your number, for $0 per month. I am only in the States a couple of times per year, but need to keep my same number. I prefer using a local sim otherwise.
by Diogenes
Fri Aug 25, 2017 7:00 pm
Forum: Investing - Theory, News & General
Topic: Vacation home, and renting it out
Replies: 9
Views: 907

Re: Vacation home, and renting it out

I live in an overseas location where many seasonal expats, mainly from Europe, bought with the same idea in mind. Problem is that they most wish to visit at the same time as the peak rental time. There are many empty and many for sale as the owner finally becomes tired of trying to deal with realtor...
by Diogenes
Fri Aug 25, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Benefits
Replies: 31
Views: 2980

Re: Social Security Benefits

A huge mistake I humbly believe that many people make on this site is equating "maximum wealth" with "happiness" and "better life"...the latter is much more correlated with peace of mind. In that context, deciding when to start benefits is easy. Very well said. Also for the OP, you make $400K per y...
by Diogenes
Wed Aug 23, 2017 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Buying property in France
Replies: 27
Views: 2550

Re: Buying property in France

Dear Bogleheads, My wife and I are thinking about buying a 25% stake in a vacation home in France. My wife's three brothers will each have 25% shares. GS Never, ever get involved in jointly owning property with relatives, friends, strangers, anyone. Location is irrelevant. Disputes will invariably ...
by Diogenes
Thu Aug 17, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 11289

Re: Anyone planning on never retiring?

I - The SS system will be defunct by the time I'm eligible due to gross mismanagement - 401k can be taken from me by the stroke of a pen. We're living in a unique period of history. Will it always be thus? (Probably not....) So it's rather likely I'll need to keep working until I'm in the grave. Bu...
by Diogenes
Wed Aug 16, 2017 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 11289

Re: Anyone planning on never retiring?

I am 58, and I don't ever see myself retiring. It's not that I wouldn't have the money to do so, it's that I still feel young, I want to be challenged, I like the structure of working, and I need the social contact. Am I the only person to feel this way? No, but many who say that are really using i...
by Diogenes
Mon Aug 14, 2017 10:58 am
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 127
Views: 12667

Re: How I use I-ORP, and who shouldn't

chuckb84 wrote: ...Since I retired at 61, if I postponed SS to age 70 to maximize total retirement spending, I'd draw down my 401k by 40% before I got there, OTOH, if I took SS at 62, the drawdown is no more than 10%. Postponing SS to 70 results in about 1% more total spending in retirement (from 6...
by Diogenes
Sat Aug 12, 2017 6:59 pm
Forum: Personal Consumer Issues
Topic: Retire early, live abroad until 65 and come back
Replies: 72
Views: 8776

Re: Retire early, live abroad until 65 and come back

Someone even earlier mentioned accounts being frozen - this seems like a double standard. On one hand, as an expat (but still US citizen), you're expected to still pay US taxes. BUT, you aren't allowed to have US-based financial accounts? I haven't found this to be a serious issue over the past 10 ...
by Diogenes
Thu Aug 10, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 50
Views: 6905

Re: I pay $6K in rent. Am I an idiot for not buying?

If your rent is less than 10 percent of your monthly gross, it really is a non-issue. Keep the place you have and be happy. Housing costs are not significant to you, as long as your income is stable over the long term. If/when you marry and have kids, your housing priorities will change anyway. Some...
by Diogenes
Sun Aug 06, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: Bose Noise Cancelling Headphones
Replies: 49
Views: 4284

Re: Bose Noise Cancelling Headphones

I take frequent 6-14 hour plane rides and have done so for years. After first trying the Bose corded version, QC15 I think, I have never intentionally been on a long flight without them. Always arrive much better rested. After about 4 years of heavy use, the plastic band cracked. Contacted Bose supp...
by Diogenes
Wed Aug 02, 2017 8:15 pm
Forum: Personal Consumer Issues
Topic: Retire early, live abroad until 65 and come back
Replies: 72
Views: 8776

Re: Retire early, live abroad until 65 and come back

According to https://www.numbeo.com/cost-of-living/comparison.jsp Living abroad is cheaper than in US One country every year. Sell everything in the US (no property tax), no car expense. Do Roth conversion every year to 15% bracket for zero cap gain tax on aft-tax account. Pay cash for health care ...
by Diogenes
Wed Aug 02, 2017 7:20 pm
Forum: Personal Consumer Issues
Topic: Suggestions for Month in the South Pacific?
Replies: 8
Views: 1140

Re: Suggestions for Month in the South Pacific?

Only a month?
Why limit yourself?
At 73, the hardest part will be the flights. Take longer if you can.
by Diogenes
Sun Jul 30, 2017 1:14 am
Forum: Personal Finance (Not Investing)
Topic: Best bank for frequent travel friendly international wire transfers?
Replies: 10
Views: 851

Re: Best bank for frequent travel friendly international wire transfers?

Haven't use them but what about https://transferwise.com Fee seem to be about 1% for currency transfer or $1.30 if not transferring. There is a list of supported currencies and countries on the site. There is a USD limit of $10k after which they say they have to ask questions... but they yearly lim...
by Diogenes
Sat Jul 22, 2017 11:52 am
Forum: Personal Consumer Issues
Topic: Home Security System with/without monitoring
Replies: 40
Views: 3835

Re: Home Security System with/without monitoring

I have an Alarm.com system at a house that I rarely live in. The system was installed by a professional and has an option for monitored or not. In either event you have a robust interface to control it. Works well for me.
by Diogenes
Tue Jul 18, 2017 1:36 pm
Forum: Personal Consumer Issues
Topic: ATM card for overseas travel
Replies: 25
Views: 1722

Re: ATM card for overseas travel

Schwab is great for rebating overseas ATM fees. I have one but use it only for backup and leave it locked up.Backup card is essential. Primary for ATM use is USAA. They also rebate and are a great company. Using them I can isolate my other accounts at Schwab and other places. Only risk is the cash I...