Search found 1267 matches

by TravelforFun
Sun Jun 17, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Do you cancel old credit cards?
Replies: 22
Views: 1944

Re: Do you cancel old credit cards?

dknightd wrote:
Sun Jun 17, 2018 11:55 am
I would never open an account that charged me a fee. so I see no need to cancel an old one.
If you fly frequently, you probably wouldn't mind paying a fee to get the 50,000 bonus miles and Priority Lounge Pass.

TravelforFun
by TravelforFun
Sun Jun 17, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: Standard buyer's remorse or poorly timed enlightenment?
Replies: 40
Views: 3119

Re: Standard buyer's remorse or poorly timed enlightenment?

OP, I think you let house fever get to you and now you're having a buyer remorse. If I were in your shoes, I would stay in the rent-free place (it's still available, right?), rent out the new house and use the income to maintain it and concentrate on paying off the debts.

TravelforFun
by TravelforFun
Sun Jun 17, 2018 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: IRA concerns
Replies: 29
Views: 947

Re: IRA concerns

OP, I doubt if you can find an investment that would give you 4-6% annual gain without some kind of risks. Risk-averse people who don't want to see their investment to go down even on paper probably should stick to CDs and money market.

TravelforFun
by TravelforFun
Sun Jun 17, 2018 1:12 pm
Forum: Investing - Theory, News & General
Topic: Basic Inflation Questions
Replies: 20
Views: 832

Re: Basic Inflation Questions

I'm trying to understand basic inflation. I think I'm on the right track but I want to make sure. I can find the current inflation here: https://tradingeconomics.com/united-states/inflation-cpi I have a hard time understanding what this means. In May it says it was 2.8%. What does this mean for my ...
by TravelforFun
Sun Jun 17, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 30
Views: 1613

Re: How to calculate "fun money" per year?

OP, I know I'm not ansewring your question but you stated you're not funding the HSA. Why? If you're eligible for an HSA account which is the best saving and investing instrument available, fund it. If you have to, reduce the 401K contribution enough to get the maximum match and use the difference t...
by TravelforFun
Sun Jun 17, 2018 12:57 pm
Forum: Personal Consumer Issues
Topic: Italy Trip Questions
Replies: 19
Views: 811

Re: Italy Trip Questions

We are planning a trip from the U.S. to Italy next year and I would appreciate some help with these two questions: 1. Is 10 days long enough to visit Rome, Tuscany, and Florence? 2. It seems like all the flights from the U.S to Rome cost close to $2,000. However, there are often flights to London f...
by TravelforFun
Sun Jun 17, 2018 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Do you cancel old credit cards?
Replies: 22
Views: 1944

Re: Do you cancel old credit cards?

I apply for credit cards to get the bonus miles and cancel them before renewal. I probably apply for 4 or 5 cards every year.

Travelfor Fun
by TravelforFun
Sun Jun 17, 2018 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 39
Views: 1900

Re: Tracking spending before retirement useful for estimating retirement expenses?

I don't do a budget but I track my expenses closely so I have a very good idea how much we will need in retirement. If you don't track your expenses, how would you know what your FI number is (whether it's 25 or 33 x your annual expenses)?

TravelforFun
by TravelforFun
Sun Jun 17, 2018 12:30 am
Forum: Personal Consumer Issues
Topic: How do you read books?
Replies: 15
Views: 1326

Re: How do you read books?

I tend to read two or three books at the same time on a tablet and they could be fiction or non-fiction. I read them mainly for entertainment value because I don't retain much shortly after I read them.

TravelforFun
by TravelforFun
Sat Jun 16, 2018 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 43
Views: 4182

Re: Lost job. Take early SS or draw from accounts?

remomnyc wrote:
Sat Jun 16, 2018 1:45 pm
I suggested she move to a LCOL area, get rid of her car, get a roommate, etc, but I was shut down on everything.
Sounds like she doesn’t want your help.

TravelforFun
by TravelforFun
Wed Jun 13, 2018 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 68
Views: 6180

Re: Taking $1M+ Long Term Capital Gains

Sell what you need and leave the rest to heirs so they can get the step-up.

TravelforFun
by TravelforFun
Tue Jun 12, 2018 6:35 pm
Forum: Personal Consumer Issues
Topic: Tv mount with no studs
Replies: 20
Views: 1855

Re: Tv mount with no studs

OP here. Thank you for all responses!! I have some research to do and a trip to home depot. I am not that handy so I am a little nervous about tackling this project. Lot of solid good replies here for sure But in your case, with your admission, personally I would hit Yelp or Nextdoor and find the b...
by TravelforFun
Tue Jun 12, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security: Effect of early claiming on spousal benefit
Replies: 20
Views: 1498

Re: Social Security: Effect of early claiming on spousal benefit

.. . My wife just filed at age 65. We were born on the same date, with me being 1 year older. I filed for spousal beginning at my FRA, which is based on 1/2 of her PIA, even though she filed 1 year prior to her FRA. . . . Both of our FRA's are age 66. Her age 65 benefit (actually 64 and 11 months) ...
by TravelforFun
Tue Jun 12, 2018 5:19 pm
Forum: Investing - Theory, News & General
Topic: Imagine a 10 year, 0%, noncallable loan
Replies: 49
Views: 2949

Re: Imagine a 10 year, 0%, noncallable loan

If someone would loan me $100,000 and wanted me to pay her back $833.33 per month for 120 months for a total $100K, how much money would I give her for that privilege? Let say I take $100K, put it in a saving account that pays 2.5%, and withdraw $833.33 per month to pay her. At the end of the term, ...
by TravelforFun
Tue Jun 12, 2018 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Paying off a mortgage: Incentivized by new tax law?
Replies: 17
Views: 1535

Re: Paying off a mortgage: Incentivized by new tax law?

To me the new tax laws have very little effect on my decision. The question is if you had a paid-for home, would you borrow on it and use the money to invest in the market. I would not.

TravelforFun
by TravelforFun
Sat Jun 09, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 10991

Re: Are you including SS in your planning model? Are the benefits really that high?

I completely ignored SS in my retirement planning when I was in my 40's, then started paying attention to it in my 50's. Now I'm 4 years from turning 70 and It turns out SS will cover approximately 40% of our expenses. Contributions to SS we've made from 45 years of working will start paying dividen...
by TravelforFun
Fri Jun 08, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Withdrawal Rate considering Social Security
Replies: 21
Views: 2323

Re: Safe Withdrawal Rate considering Social Security

I have no idea where 33 comes from either. I just did the arithmetic. The formula is far too conservative. Where is 33 coming from? Is it from assuming life expectancy of 103 years? Because that is the only way I can make sense of that formula. Also it has nothing to do with the "net present worth"...
by TravelforFun
Fri Jun 08, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 63
Views: 4394

Re: "Open Social Security" calculator: feature requests, bug reports, etc

I got my results almost instantly and they match our strategy exactly. Thank you.

TravelforFun
by TravelforFun
Fri Jun 08, 2018 12:58 pm
Forum: Personal Consumer Issues
Topic: Death - Prediction
Replies: 63
Views: 3737

Re: Death - Prediction

My Dad died at 36, my Mom is 90 and still going, and I'm 66. They say your mother's longevity affects you more than your father's and I hope they're right and am delaying my SS benefits to 70. Because the compounding interest is the strongest force in the universe per Einstein, I'm certain that the ...
by TravelforFun
Thu Jun 07, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: How much to budget for a week long vacation for 2?
Replies: 79
Views: 4220

Re: How much to budget for a week long vacation for 2?

My trip costs have varied from $400 per day per person (Greece) to $150 pdpp (domestic). Included in the costs is everything including transportation, hotel, entertainment, and other misc stuff.

TravelforFun
by TravelforFun
Wed Jun 06, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Withdrawal Rate considering Social Security
Replies: 21
Views: 2323

Re: Safe Withdrawal Rate considering Social Security

Let:

PV = Your present net worth
N = Number of years until age 70
SS = Annual social security benefit at 70
X = Annual safe withdrawal amount now.

Here is the formula to calculate X

X = (PV + 33 SS) ÷ (33 + N)

From Age 70 on, you would withdraw X - SS.

TravelforFun
by TravelforFun
Wed Jun 06, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Decisions and purchases before retirement
Replies: 16
Views: 1499

Re: Decisions and purchases before retirement

It's intereting to hear people's ideas about retirment expenses. Some folks want or need to spend less during retirement. I'm subscribing to the camp that wants to spend more especially during the first decade of retirement and that's why I'm continuing holding to my (part time) job for a couple of ...
by TravelforFun
Wed Jun 06, 2018 10:37 am
Forum: Investing - Theory, News & General
Topic: FOMO (Fear Of Missing Out) and your portfolio?
Replies: 23
Views: 2292

Re: FOMO (Fear Of Missing Out) and your portfolio?

I have a FOMO tendency too and that's why I set aside around 5% of my asset to jump in and out of the trendy stocks and this tendency has served me fairly well.

TravelforFun
by TravelforFun
Tue Jun 05, 2018 6:35 pm
Forum: Investing - Theory, News & General
Topic: WSJ:Social Security Expected to Dip Into Its Reserves This Year
Replies: 61
Views: 3008

Re: WSJ:Social Security Expected to Dip Into Its Reserves This Year

If benefits were reduced to 77% in 2036, us 'delayers' would be taking a hit. Who on this forum would change your withdrawal strategy because of this article?

TravelforFun
by TravelforFun
Sat Jun 02, 2018 10:36 am
Forum: Personal Finance (Not Investing)
Topic: is Having more and needing less normal?
Replies: 113
Views: 8470

Re: is Having more and needing less normal?

123 wrote:
Fri Jun 01, 2018 7:17 pm
Simplification feels good and saves a lot of time (and money).
We have a rule in our household. If we buy a new item, we have to donate or get rid of an old one. This goes for everything including clothing, furniture, electronic, tools, etc. The only exception is jewlery.

TravelforFun
by TravelforFun
Sat Jun 02, 2018 10:22 am
Forum: Personal Consumer Issues
Topic: June in Paris: What to (or not to) wear, see and do?
Replies: 53
Views: 2701

Re: June in Paris: What to (or not to) wear, see and do?

There was a comment about not going to the Louvre but if you've never been to Paris before, you should go see the Mona Lisa but buy advance tickets so you can skip the line at the Louvre. So many things to see and do in Paris including lounging around sidewalk cafes. I'd take a day trip to Giverny t...
by TravelforFun
Sat Jun 02, 2018 10:13 am
Forum: Personal Consumer Issues
Topic: Laptop privacy screen covers - recommendations ?
Replies: 8
Views: 329

Re: Laptop privacy screen covers - recommendations ?

I'm not sure why this has taken me so long to look into, but I fly almost weekly for work, last year about 140k miles, spend a lot of time in the lounges, etc. I'm interested in a privacy screen cover for my laptop, but it should be easily removable. Any suggestions? Laptop is currently a 14" HP. I...
by TravelforFun
Sat Jun 02, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Leave Job (Philly) and move To Arizon (Phoenix)?
Replies: 67
Views: 4914

Re: Leave Job (Philly) and move To Arizon (Phoenix)?

You should stay in Philly a couple of more years. This would be fairer for her new employer and allow you to build up more savings before making the trek to the southwest.

TravelforFun
by TravelforFun
Fri Jun 01, 2018 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 10361

Re: Why have a savings account at all?

People can talk themselves into many things. For example, it may not make sense to have any bonds in your portfolio if you have a mortgage. Yet people do. Not everything in life is done to generate maximum ROI. Why would it not make sense to have bonds if you have a mortgage? A mortgage is a loan a...
by TravelforFun
Fri Jun 01, 2018 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 10361

Re: Why have a savings account at all?

I don't have a saving account. My first line of defense is my credit cards, then the bond or stock fund sale.

TravelforFun
by TravelforFun
Fri Jun 01, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 13231

Re: Best Advice You Never Took

How about best advice I wish I had heard in my 20s? NFL great Emmitt Smith recalls Dallas Cowboys owner, Jerry Jones, once advised him, 'Have a big front door and a small back door. Take in as much as you can, and spend as little as you can.'

TravelforFun
by TravelforFun
Fri Jun 01, 2018 6:50 pm
Forum: Personal Consumer Issues
Topic: Travel advice for an engineer
Replies: 65
Views: 4184

Re: Travel advice for an engineer

Any 'greatest engineering feats' list that doesn't have the pyramids on it is not legit. I'm guessing the pyramid builders didn't have a license PE on site when they were building and thus weren't included in this list. Hmmm, did somebody not count to 20? My bad! Didn't look at it close enough. Tra...
by TravelforFun
Fri Jun 01, 2018 6:39 pm
Forum: Personal Consumer Issues
Topic: Advice for assisting 18 year old son after high school
Replies: 70
Views: 5120

Re: Advice for assisting 18 year old son after high school

Most families experience the same dilemma. My middle daughter started to turn the corner when she turned 35. Hang in there.

TravelforFun
by TravelforFun
Fri Jun 01, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: Travel advice for an engineer
Replies: 65
Views: 4184

Re: Travel advice for an engineer

25 greatest engineering feats according to CNN https://www.cnn.com/travel/article/engineering-feats/index.html Any 'greatest engineering feats' list that doesn't have the pyramids on it is not legit. I'm guessing the pyramid builders didn't have a license PE on site when they were building and thus...
by TravelforFun
Fri Jun 01, 2018 12:24 pm
Forum: Personal Consumer Issues
Topic: Travel advice for an engineer
Replies: 65
Views: 4184

Re: Travel advice for an engineer

lthenderson wrote:
Fri Jun 01, 2018 12:17 pm
25 greatest engineering feats according to CNN

https://www.cnn.com/travel/article/engi ... index.html
Any 'greatest engineering feats' list that doesn't have the pyramids on it is not legit.
by TravelforFun
Fri Jun 01, 2018 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Any other pre-tax retirement account options?
Replies: 11
Views: 621

Re: Any other pre-tax retirement account options?

Don't ignore taxable accounts. You pay taxes on them now but all gains are mostly taxed at the low LTCG rates and when you pass them on to your heirs, they would get a step up.

TravelforFun
by TravelforFun
Fri Jun 01, 2018 12:12 pm
Forum: Personal Consumer Issues
Topic: Travel advice for an engineer
Replies: 65
Views: 4184

Re: Travel advice for an engineer

Engineer here with a special love for architecture. I would add a couple more:

Sagrada Familia Church in Barcelona
Millau Bridge in Millau, France

TravelforFun
by TravelforFun
Wed May 30, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: The Side Hustle
Replies: 65
Views: 8107

Re: The Side Hustle

I got $13 from YouTube once. I'm a Uber certified driver but have never driven anyone. I ride Uber quite a bit. I write an ad-free travel blog, hence no income. I run a 25-member family savings and loans ops but It's a volunteer position, hence no income. I figure if I wanted a side gig, I could gen...
by TravelforFun
Tue May 29, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Another Social Security for Widow Question
Replies: 31
Views: 2188

Re: Another Social Security for Widow Question

So, $2,528/month for the rest of your life, versus $1,874/month for 7 months, then $2,610/month for the rest of your life? Unless I'm confused, it seems like you would only have to live for about 7 years to come out ahead with the second choice. I got 55 months as the break-even point. TravelforFun
by TravelforFun
Tue May 29, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Best retirement places for shy senior singles
Replies: 32
Views: 3863

Re: Best retirement places for shy senior singles

I bet the Internet is full of social websites for senior singles.

TravelforFun
by TravelforFun
Tue May 29, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages
Replies: 18
Views: 1867

Re: Reverse Mortgages

You could take the lump sum and buy an annuity. This let's you shop the entire universe of annuities rather than getting an annuity from the same place that got you the reverse mortgage. I haven't really looked into this, but I think the lump sum you get from a reverse loan is about 50% of your hom...
by TravelforFun
Tue May 29, 2018 7:12 am
Forum: Investing - Help with Personal Investments
Topic: Does anticipated SS alter today’s allocation?
Replies: 20
Views: 1842

Re: Does anticipated SS alter today’s allocation?

I stopped working/earning a wage at 66. Looking forward to age 70, I saw that SS would more than cover my basic living expenses, so I felt comfortable with the risk of a 60/40 AA. In other words, I don't count SS as a part of my AA, but it is an element in making decisions about my risk tolerance. ...
by TravelforFun
Mon May 28, 2018 9:38 pm
Forum: Personal Consumer Issues
Topic: Using Air Miles and Paying Fees and Taxes
Replies: 29
Views: 1810

Re: Using Air Miles and Paying Fees and Taxes

UpperNwGuy wrote:
Mon May 28, 2018 8:17 pm
For my May 2018 trip to Madrid, I flew United, and the taxes and fees were $55.
I was in Madrid May 4-7. When were you there? We took the high speed train from Madrid to Barcelona to spend a few days there as well.

TravelforFun
by TravelforFun
Mon May 28, 2018 7:13 pm
Forum: Personal Consumer Issues
Topic: Cruise ships for multi-generational family
Replies: 61
Views: 3122

Re: Cruise ships for multi-generational family

If your last cruise was 10 years ago, get ready for some pleasant surprises. I've been on one that has a city park (Oasis of the Seas) and one that has a bumper car deck (Allure of the Seas). Some cruises have wave surfing, water parks, basketball courses, and putt putt golf. Cabins and dining exper...
by TravelforFun
Mon May 28, 2018 4:31 pm
Forum: Personal Consumer Issues
Topic: Using Air Miles and Paying Fees and Taxes
Replies: 29
Views: 1810

Re: Using Air Miles and Paying Fees and Taxes

My advice for using frequent flyer miles for travel to Europe: 1. Avoid London airports. 2. Avoid British Airways. I flew from the US to Madrid (and back) a few weeks ago using United frequent flyer miles, and the taxes and fees were less than $100. I know but it's hard to avoid British Airways whe...
by TravelforFun
Mon May 28, 2018 1:18 pm
Forum: Personal Consumer Issues
Topic: Using Air Miles and Paying Fees and Taxes
Replies: 29
Views: 1810

Re: Using Air Miles and Paying Fees and Taxes

bob60014 wrote:
Mon May 28, 2018 12:23 pm
The fees and taxes are a ongoing complaint about BA especially the last couple years. Did they zing you with the "carrier surcharge" too?
They sure did plus $85 for each seat reservation.

TravelforFun
by TravelforFun
Mon May 28, 2018 12:11 pm
Forum: Personal Consumer Issues
Topic: Using Air Miles and Paying Fees and Taxes
Replies: 29
Views: 1810

Re: Using Air Miles and Paying Fees and Taxes

awval999 wrote:
Mon May 28, 2018 12:06 pm
Because you are flying on British Airways and not American on the trans-Atlantic segment.
BA on my first leg but AA on my return leg. I did the same two years ago and taxes and fees were like half.

TravelforFun
by TravelforFun
Mon May 28, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Does anticipated SS alter today’s allocation?
Replies: 20
Views: 1842

Re: Does anticipated SS alter today’s allocation?

I never count my chickens - I'm aware of them and happy about them but wait until they actually hatch. That goes for Social Security, Pension, inheritance, bonus, tax refunds, ... The closer you get to your SS age, the more you can count on your SS benefits. I used to wish the government had let me...
by TravelforFun
Mon May 28, 2018 11:55 am
Forum: Personal Consumer Issues
Topic: Using Air Miles and Paying Fees and Taxes
Replies: 29
Views: 1810

Using Air Miles and Paying Fees and Taxes

I booked a multi-leg trip (Dallas to Brussels and Paris to Dallas) for August for me and wife using American Airlines miles. They took 120,000 miles from my account and charged me $601. When have the airlines taxes and fees become so high? I paid $300 for similar charges two years ago.

TravelforFun