Search found 4461 matches

by btenny
Tue Sep 18, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: "Taking" RMDs
Replies: 10
Views: 638

Re: "Taking" RMDs

I sell shares in my IRA and use the cash plus some dividend cash to do QCD distributions to my three charities in June. Then I distribute the rest of the RMD in cash from my IRA to my other taxable brokerage account in July. I also pay the IRS and state taxes when I make that distribution. I did all...
by btenny
Sat Sep 15, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: How to retire
Replies: 9
Views: 1725

Re: How to retire

Retired friends is one of the key things we love about our second home. It is in a resort town and lots of semi residents are older retired people like us. So we have tons of parties and dinners and womens club days and mens days and beach boat days etc.. There is always a fun get together. But my o...
by btenny
Fri Sep 14, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 53
Views: 3726

Re: Leasing Cars in Retirement

I am long term retired. Back in 2013 I leased a new Subaru Outback to save $$on taxes. If I paid cash of $36k so i would have not have to withdraw about $20k of that from my ira and pay 25% taxes or sell stocks and pay capital gains. So I leased it for 39 months at 1% interest plus fees and then bou...
by btenny
Fri Sep 14, 2018 10:25 am
Forum: Investing - Help with Personal Investments
Topic: How real is cyber risk?
Replies: 126
Views: 6035

Re: How real is cyber risk?

Agree with Victoria. Use 2 brokers for your stocks, 2 banks for checking and 3 to 5 credit cards and keep some cash on hand.
by btenny
Thu Sep 13, 2018 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: Frozen In Place - Buying a Home - Don't know what to do
Replies: 13
Views: 911

Re: Frozen In Place - Buying a Home - Don't know what to do

I think you need to give us a lot more details on your actual expenses and investments and SS and pensions. Then we can do the math and provide some guidsnce. Without that data any answer is pure guess.

Good luck.
by btenny
Sun Sep 09, 2018 1:28 pm
Forum: Personal Consumer Issues
Topic: What will you do when you find you have more money than expected?
Replies: 91
Views: 9617

Re: What will you do when you find you have more money than expected?

We have been retired a long time and had good luck and ok health. Did good sized QCDs to three charities this year due to our good fortune. Plan to repeat this every year. Also took a big cruise for fun. Now my wife wants a luxury car or suv. But I am moving slow as I want to leave some to our kids ...
by btenny
Sun Sep 09, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement questions, would like others' input...
Replies: 4
Views: 1021

Re: Early retirement questions, would like others' input...

If I read your post correct your overall asset allocation is about 25% stocks and 75% bonds and CDs. This seems too low. 40% or so is what most here recommend to stay ahead of inflation. So I suggest you add stock somewhere. Was your stock allocation this low at EJ? I self manage a bigger and more c...
by btenny
Fri Sep 07, 2018 2:44 pm
Forum: Personal Consumer Issues
Topic: Selling Internet domain name based on family last name.
Replies: 29
Views: 2617

Re: Received inquiry about purchasing domain name based on my own last name. How to respond?

What kind of phone number can be created from your name? If you can get 800-789-654321 or some other nice easy number from your name the value may be high.
Good luck
by btenny
Sat Sep 01, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 11688

Re: How do you 7 figure guys organize multiple accounts?

I use two different Excel spread sheets, one to track my holdings in each account and my net worth and another to track my asset allocation by fund and stock type. Both sum up to my net worth. I started these 15 years ago and update each of them every few months and at year end to check the $$ amoun...
by btenny
Fri Aug 31, 2018 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: 2-stage early retirement plan
Replies: 12
Views: 1934

Re: 2-stage early retirement plan

I also wanted to say I put a lot of my bonds in our taxable account with muni bond funds. I keep 5 plus years of bonds there plus 1-2 years of cash to spend without selling any stocks. I suggest you do something similar. If you retire now you will have very low income for a few years. So you might d...
by btenny
Fri Aug 31, 2018 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: 2-stage early retirement plan
Replies: 12
Views: 1934

Re: 2-stage early retirement plan

I think you are fine to retire or semi-retire now. You have enough money to spend $100K per year plus some small inflation increases for decades. But do not split the $2m and the $500k. Treat it all as one big portfolio with a 60/40 or a 50/50 asset allocation. Then spend 4% of the total. But make s...
by btenny
Fri Aug 31, 2018 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Approaching Retirement-Need Help with Investments
Replies: 7
Views: 931

Re: Approaching Retirement-Need Help with Investments

If you already have $3.6M you have enough money to support your selves already saved. So think about quiting and what you want to do. Plus if either of you will get social security that is just more $$ to spend in retirement. I also suggest you sell the individual stocks and simplify your portfolio....
by btenny
Sun Aug 26, 2018 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Approaching Retirement-Need Help with Investments
Replies: 7
Views: 931

Re: Approaching Retirement-Need Help with Investments

Tell us your current monthly expenses and how much $$ you have in taxable accounts? Do you have Roth accounts? Will the lump sum be in tax free form or ira or what? The issue I see is a giant tax bill in a few years as you both do RMDs.
by btenny
Fri Aug 24, 2018 9:38 pm
Forum: Personal Consumer Issues
Topic: Need a cheap smartphone - no service needed
Replies: 29
Views: 2314

Re: Need a cheap smartphone - no service needed

Get a Samsung Tab A seven inch screen tablet. I am typing this message and reading bogleheads on one now. I use it constantly to read books and newspapers and email and tons of stuff. The big screen is just a lot better than a phone size screen. It costs $130. It fits in my hip pocket. It is only a ...
by btenny
Fri Aug 24, 2018 12:42 pm
Forum: Investing - Theory, News & General
Topic: 2000-2018 retirement - sequence of returns
Replies: 153
Views: 13234

Re: 2000-2018 retirement - sequence of returns

I am curious what a 30/70 and 40/60 stock/bond portfolios would do during the same period? Could you add those to your calculations? PS. I retired at year end 1998 and have my portfolio results for the above time period and my 50/50 returns were not that poor. But early on I was not that attentive i...
by btenny
Wed Aug 22, 2018 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Am I Wrong for being 100% Equities ?
Replies: 62
Views: 5603

Re: Am I Wrong for being 100% Equities ?

Going 100% equities at your age and big salaries vs limited investments is just nuts IMO. You are gambling not investing. You may succeed or you may not. I think you need to figure out (guess in detail) what kind of budget you have to have $$ wise to live on in retirement. Then choose a less risky a...
by btenny
Wed Aug 22, 2018 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Adjustment
Replies: 1
Views: 327

Social Security Adjustment

I got a letter from Social Security today with a long discussion of what they paid me in 2017 and 2018 plus what they are going to pay me going forward. I get income taxes and Medicare deducted from the check so a monthly accounting is not shown. Just some $$ amounts. They also said they gave me $2x...
by btenny
Mon Aug 20, 2018 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: BH Career advice
Replies: 18
Views: 1688

Re: BH Career advice

Maybe. Your expenses do not include health insurance costs. So if you add $14k for insurance you need around $50k or 3%. But I think you will not be able or willing to live this cheaply forever. So figure out what you and your wife would get for SS if you quit work now or wait for a 2-3 years. Then ...
by btenny
Mon Aug 20, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Military career/college options (engineering - nukes?)
Replies: 45
Views: 2643

Re: Military career/college options (engineering - nukes?)

Send a PM to fishnskiguy. (?? spelling) I think that is the guy who used to post here a bunch who was a former Navy nuclear officer. I bet he has a good deal of information. Is your son interested in electrical engineering? It is very similar as far as study plan and course plan. But it offers a lot...
by btenny
Mon Aug 20, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Retire and become an Adventure Guide
Replies: 34
Views: 2758

Re: Retire and become an Adventure Guide

Well I think becoming a Adventure Guide as a leader guide is probably out of your reach at your age and knowledge status. Leader guides start as assistants in their early 20s and work that job for years and hundreds of trips before any company will let them become Guide Leaders. There is just a ton ...
by btenny
Mon Aug 13, 2018 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance investment
Replies: 8
Views: 1034

Re: Inheritance investment

You need to provide us a lot more info on the details of her inheritance. Is it all in one account? In some real estate? In a ira? Or a mix? How is the money currently titled?
by btenny
Wed Aug 08, 2018 10:24 pm
Forum: Personal Consumer Issues
Topic: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help
Replies: 82
Views: 11199

Re: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help

I have a Lincoln Zephr that also has the passenger airbag issues. They did not have the part for 2+ years. But last week I got a letter from Ford/Lincoln that they now have the parts and I should schedule a repair. So I guess I will get mine fixed in the next month or so. Maybe you can get your cars...
by btenny
Tue Aug 07, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: New Medicare cards. Get yours?
Replies: 25
Views: 2415

Re: New Medicare cards. Get yours?

Edited the title. Thanks.
by btenny
Mon Aug 06, 2018 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: New Medicare cards. Get yours?
Replies: 25
Views: 2415

New Medicare cards. Get yours?

We have not gotten our new medicare cards. We got a note last week that they were mailed to our winter address. They should have been forwarded but they have not arrived at our summer place. Has everone got their new cards. Will they be forwarded?.

Thanks in advance.
by btenny
Mon Aug 06, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Medical expenses while on Medicare
Replies: 48
Views: 2624

Re: Medical expenses while on Medicare

I spend about $7k for two for everything Including insurance, medicare, deductables, drugs, glasses, and dental. Even with Max out of pocket we will not spend $10k. Both of us are in our 70s so this is 6 years of history. Maybe it will go up a llittle in the future due to inflation.
by btenny
Fri Aug 03, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Charitable giving strategy
Replies: 43
Views: 2376

Re: Charitable giving strategy

I give a lot to DAV (disabled American vets). Recent conflicts have left a ton of badly wounded vets that need our help. I also give a lot to St Vincent de Paul food bank in Phoenix. Both of these are great charities.
by btenny
Tue Jul 31, 2018 11:01 am
Forum: Investing - Help with Personal Investments
Topic: RMD option online at WellsTrade
Replies: 7
Views: 342

Re: RMD option online at WellsTrade

You have to print out a rmd form and fill it out and fax it to wellstrade. The form has all the info on taxes and how much to withdraw and where to send the money. If you call them you will be told to print out the forms and what amount you need to withdraw to satisfy your rmd.
by btenny
Sat Jul 28, 2018 10:56 am
Forum: Personal Consumer Issues
Topic: your advice on new oven
Replies: 22
Views: 2017

Re: your advice on new oven

We just bought a new electric kitchenaid oven. It does convection and conventional cooking. It cooks great and is easy to set and use. Wife loves it.
by btenny
Thu Jul 26, 2018 11:29 pm
Forum: Personal Consumer Issues
Topic: How to negotiate bills from hospital?
Replies: 22
Views: 1905

Re: How to negotiate bills from hospital?

Both of the Urgent Care places I have visited had nothing to do with the hospitals near them. The services offered were OK but DEFINITELY not a complete ER. They are fine for colds and ear aches and similar stuff, NOT kidney stones or bad falls and broken bones. And my urologist has a 2-4 week wait ...
by btenny
Thu Jul 26, 2018 10:56 pm
Forum: Investing - Theory, News & General
Topic: Hold one stock 25 years
Replies: 68
Views: 6325

Re: Hold one stock 25 years

I bought XOM in the late 1970s to hold long term. It has worked out great for the last 40 years. I think it will be fine for 25 or more years in the future. The key is they are not making oil any more and it makes up over 50% of the commodity index. https://finance.yahoo.com/quote/XOM/chart?p=XOM#ey...
by btenny
Thu Jul 26, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: If financial markets shut down, temporarily...
Replies: 42
Views: 3085

Re: If financial markets shut down, temporarily...

I have two separate bank checking accounts at two separate brick and mortar banks with local stores near me. I try to keep over $10k in each account at all times. I do this to protect against many different shutdown or bank or investment error situations. I think one of these will occur in my life t...
by btenny
Wed Jul 25, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: Where can I rent a Volvo?
Replies: 21
Views: 1710

Re: Where can I rent a Volvo?

Try renting from a SIXT rental agency near you. This company specializes in high end special rental cars. They operate out of most major airports. I rented a Chevy Camero convertible from them in Florida for a week in April. It was $500ish for the week including a different drop off location. Here i...
by btenny
Mon Jul 23, 2018 8:36 pm
Forum: Personal Consumer Issues
Topic: Coast to Coast 2-3 Week Road Trip
Replies: 16
Views: 1983

Re: Coast to Coast 2-3 Week Road Trip

I suggest a tour of a few great towns as you travel across the US. Go to Nashville first for all the good country western music. Then to Memphis for Beale street Jazz and the Elvis stuff. Then drive south to New Orleans for the street performers and Jazz and to get on I10 for the drive across the US...
by btenny
Mon Jul 23, 2018 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Strategy advice requested
Replies: 7
Views: 1207

Re: Retirement Strategy advice requested

My math says you have about $2.5M in savings and retirement accounts. That is enough to retire for most of us. You are both in your 60s and close to full retirement so further risk taking seems unnecessary. So I would move towards a 40% stocks/60% bonds given your ages and the high valuations in the...
by btenny
Mon Jul 23, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: Rain shower
Replies: 25
Views: 2650

Re: Rain shower

Thanks everyone for the info. For those that have two shower heads do you have them on opposing walls or the same walls? Do you use them so two people can shower at once?
by btenny
Sun Jul 22, 2018 9:27 pm
Forum: Personal Consumer Issues
Topic: Wine chiller
Replies: 11
Views: 918

Re: Wine chiller

Put some steel balls in the freezer and use them for ice cubes in your wine. Chills the beverage fast and no dilution. See amazon for order info.
by btenny
Sat Jul 21, 2018 9:58 pm
Forum: Personal Consumer Issues
Topic: Rain shower
Replies: 25
Views: 2650

Rain shower

We are getting ready to redo our master shower. We are getting rid of the sunken tube and putting in a level floor and safety grab bars and a nice slide shower head. But I am thinking about adding a nice big rain shower as well. I am also planning on a wooden shower seat in lieu of a built in seat. ...
by btenny
Fri Jul 20, 2018 10:37 pm
Forum: Personal Consumer Issues
Topic: Ashley furniture experience? 2000 dollars for 13x8x8 sectional
Replies: 40
Views: 4125

Re: Ashley furniture experience? 2000 dollars for 13x8x8 sectional

Ashley is a terrible store. I had to do the credit card refusal dance a month ago to get a order cancelled that was messed up. It is too long and bad story to repeat here. They just do not care about product quality or the service or how they treat customers. Run run away from anything to do with th...
by btenny
Mon Jul 16, 2018 12:23 pm
Forum: Personal Consumer Issues
Topic: Bears!!!
Replies: 60
Views: 5366

Re: Bears!!!

Freezing your leftovers and cooking discards and coffee grounds is easy and does not take up much space in your refrigerator. Mine is about 1-2 gallon sized bags a week. You do not need a extra freezer. I do not freeze the other cartons and stuff that is normal trash. That stuff does not smell if ri...
by btenny
Mon Jul 16, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14444

Re: Early retirement

I retired early at 52 and experienced a lot of this negative feedback from others. It bothered me at first as I did not understand it but was too busy to discuss it at the time. I also got a good deal of advice saying I could not afford to retire or telling me I had to work somewhere. Again most of ...
by btenny
Sun Jul 15, 2018 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Where to get a $100 bill?
Replies: 49
Views: 5310

Re: Where to get a $100 bill?

Walk into a B&M bank and withdraw money from your account using your ATM card. Ask for $100 bills instead of $20...
by btenny
Sun Jul 15, 2018 8:57 pm
Forum: Personal Consumer Issues
Topic: Bears!!!
Replies: 60
Views: 5366

Re: Bears!!!

by btenny
Sun Jul 15, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: Bears!!!
Replies: 60
Views: 5366

Re: Bears!!!

I live in Tahoe and we have bears in our yard about once a week. They are big clever animals who learn fast and are persistent. They always visit our yard on garbage day. They live right here with us so we have learned it takes special precautions to stop bear issues both with garbage, the house and...
by btenny
Fri Jul 13, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Would you trade experiences in your youth for early retirement
Replies: 81
Views: 5727

Re: Would you trade experiences in your youth for early retirement

I sorta did this and I think many posters here did as well. I was driven as a kid to study and get good grades. I missed out on many things in the crazy 60s and 70s because I stayed home and studied and got a college degree at 20. Then a masters at 24. Plus I worked all through college so fun time w...
by btenny
Wed Jul 11, 2018 12:50 pm
Forum: Personal Consumer Issues
Topic: Anyone take naps at work?
Replies: 93
Views: 5864

Re: Anyone take naps at work?

I had an older guy (60-70?) who worked in my group and on my project and other projects who took a short nap almost every day. He was a good guy and good employee. No one thought much about his napping. I never talked to him about it even when he worked directly for me. It was just what he did. He j...
by btenny
Wed Jul 11, 2018 10:49 am
Forum: Investing - Help with Personal Investments
Topic: RMD from Inherited IRA
Replies: 12
Views: 1325

Re: RMD from Inherited IRA

Ok. So I did the revised RMD calculations and I found I need to withdraw $126 more from the inherited IRA for three years of errors. :oops: :oops: It took me all afternoon to fill out three sets of forms. Now I have to take the extra $126 out of the IRA and write a letter. More paperwork!!! But I ha...
by btenny
Tue Jul 10, 2018 2:18 pm
Forum: Personal Consumer Issues
Topic: Masterbath Remodel - Tub or No Tub ?
Replies: 57
Views: 3490

Re: Masterbath Remodel - Tub or No Tub ?

Get rid of the tub and make sure when you remodel to eliminate the shower entry lip. This reduces your chances of tripping and falling into or out of the shower. Also put in grab bars for the shower and toilet. They are easy safety features if you are already remodeling. I have been planning to remo...
by btenny
Tue Jul 10, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: RMD from Inherited IRA
Replies: 12
Views: 1325

Re: RMD from Inherited IRA

True. Thanks a lot. What does RC mean for us poor non tax people?
by btenny
Tue Jul 10, 2018 9:33 am
Forum: Investing - Help with Personal Investments
Topic: What's up with Wells Fargo
Replies: 27
Views: 3070

Re: What's up with Wells Fargo

My wife has a Roth account there that has not had a deposit or withdrawal for years. We check it regularly. No letter from Wells about that. But the stocks and bonds in the account do earn $$$$.
by btenny
Tue Jul 10, 2018 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Management at Megacorp
Replies: 26
Views: 3078

Re: Management at Megacorp

Apply for and take a management job with your current company. I know you do not have the passion but many others do not. See if you like managing. The new role may change your views. Give it a year or so to get better.

Good Luck