Search found 1880 matches

by TravelforFun
Wed Nov 20, 2019 12:15 am
Forum: Personal Investments
Topic: Help! What do I do with my children's money?
Replies: 33
Views: 2712

Re: Help! What do I do with my children's money?

So, my question is - with as little money as they currently have to be invested, is the tax benefit of a UGMA worth losing access to it? My husband and I are in the 22% tax bracket. Money to their accounts will be added for birthdays and holidays, but I don't see any significant contributions in th...
by TravelforFun
Wed Nov 20, 2019 12:09 am
Forum: Personal Investments
Topic: Help! What do I do with my children's money?
Replies: 33
Views: 2712

Re: Help! What do I do with my children's money?

Probably a stupid question, but how does one document earned income? If my 9-year old mowed the lawn and got paid by me, how do I document this? Does the child need to pay taxes? Do I have to do a tax form? TIA My 15 year-old grandson helps me with things around the house including yard work, and I...
by TravelforFun
Tue Nov 19, 2019 11:51 pm
Forum: Personal Consumer Issues
Topic: DSLRs: canon 5d IV vs ?
Replies: 38
Views: 1417

Re: DSLRs: canon 5d IV vs ?

My spouse has been into photography for a while (mostly portraits) and has done some professional gigs but she doesn’t shoot that often. She has a canon 60d and has wanted a canon 5d for a while. She thinks the autofocus on the eye is a real nice feature, but at $2500 it comes at a steep price tag....
by TravelforFun
Tue Nov 19, 2019 11:47 pm
Forum: Personal Investments
Topic: E*Trade vs Ameritrade
Replies: 16
Views: 969

Re: E*Trade vs Ameritrade

1) Have any of you tried ET or AM before? Which one do you prefer for a long term investment account? 2) Do you think they will continue offering $0 commission Vanguard Mutual Funds in the future or this is something temporal to attract more investors? 3) Also, I’m curious to know if a Vanguard Mut...
by TravelforFun
Tue Nov 19, 2019 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage Plans
Replies: 17
Views: 1371

Re: Medicare Advantage Plans

....doesn't the OOP max help somewhat? Like if you are in a nursing home for rehab 100 days you could rack up $15000 in copays, but would be limited by the OOP? Was thinking more of a situation of getting a cancer diagnosis, not rehab days. The maximum out-of-pocket limit is $6,700 for in-network s...
by TravelforFun
Tue Nov 12, 2019 11:09 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 11238

Re: Saving seats on Southwest

What is the business rationale for why SW doesn't state before boarding that there are no assigned nor saved seats? It seems like SW is inviting an incident because cheapskates will throw down over $50 like there' s no tomorrow. I find the idea quite comical that someone would try to save a seat an...
by TravelforFun
Tue Nov 12, 2019 9:44 am
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 14896

Re: Spend It All vs. Leave $$ for the Kids

How do you know how much to spend if you want to spend it all? :twisted: - Ron Give the insurance all the money you have and they will in turn send you a check every month until the day you die. This is called an annuity and you can get an estimate of the premium and the monthly payments at Immedia...
by TravelforFun
Mon Nov 11, 2019 12:23 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 11238

Re: Saving seats on Southwest

People bash SWA but I'm telling you it's one of my preferred airlines. Flights are cheap and on time, they don't penalize you if you have to make changes, and bags fly free. Plus if you play the credit cards right, buy one get one free for two years. Open seating is just a slight inconvenience. Trav...
by TravelforFun
Sun Nov 10, 2019 10:27 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 11238

Re: Saving seats on Southwest

The seating cattle call is why I almost never fly SW. I travel 50% so sometimes I have no choice. What I found, especially boarding late, was that just taking the middle seat in the front of the plane almost always gets you an aisle or window. The reason is because the two people already sitting th...
by TravelforFun
Sun Nov 10, 2019 10:19 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 14896

Re: Spend It All vs. Leave $$ for the Kids

With a 3% SWR, I've no doubt our kids and grandkids will get something from us after we're gone.

TravelforFun
by TravelforFun
Sun Nov 10, 2019 1:19 am
Forum: Personal Finance (Not Investing)
Topic: Flight Delay in Europe
Replies: 20
Views: 1676

Re: Flight Delay in Europe

anonenigma wrote:
Sat Nov 09, 2019 12:56 pm
TravelforFun wrote:
Fri Nov 08, 2019 8:51 pm
3) we got paid for spending another day in the City of Lights. Sweet!
I believe that it's "City of Light" = la ville lumiere. It's a reference to enlightenment rather than actual lights.
That makes sense. Thanks.

TravelforFun
by TravelforFun
Fri Nov 08, 2019 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Flight Delay in Europe
Replies: 20
Views: 1676

Re: Flight Delay in Europe

Dude2 wrote:
Fri Nov 08, 2019 10:13 pm
Having a law on the books in Europe is so sophisticated. I wonder how this works in Rome, where, as Alec Baldwin put it, "Flight schedules are just a suggestion."
That's funny! I've never heard that before and may be because of that, EU put down its foot on the airlines.

TravelforFun
by TravelforFun
Fri Nov 08, 2019 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Flight Delay in Europe
Replies: 20
Views: 1676

Re: Flight Delay in Europe

So if your flight is delayed in Europe, look up the rules. We had a similar experience at de Gaulle (except our delay there led us to spend the night in Minneapolis :oops: ). Quickest $2,800 ever made. The rule is called Regulation 261 How did you get $2,800? How many in your party? TravelforFun
by TravelforFun
Fri Nov 08, 2019 9:06 pm
Forum: Personal Consumer Issues
Topic: First time in Sydney, Australia
Replies: 12
Views: 710

Re: First time in Sydney, Australia

Bring a lot of money because that is one expensive city.

TravelforFun
by TravelforFun
Fri Nov 08, 2019 9:04 pm
Forum: Personal Consumer Issues
Topic: How bad business travel is?
Replies: 62
Views: 4822

Re: How bad is business travel?

HawkeyePierce wrote:
Fri Nov 08, 2019 2:53 pm
10% is only a couple weeks a year, how bad could it be?

Of course, this assumes they really mean 10%.
What's 10% of 52 weeks?

TravelfoFun
by TravelforFun
Fri Nov 08, 2019 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Flight Delay in Europe
Replies: 20
Views: 1676

Flight Delay in Europe

October 1, 2019. As we were on the train from Brussels to Charles de Gaulle Airport in Paris to catch a flight home, I began receiving texts from American Airlines notifying me my flight was being delayed. At first, it was for one hour, then two, and by the time I got to the ticket counter, the agen...
by TravelforFun
Wed Nov 06, 2019 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Best month to take RMDs?
Replies: 86
Views: 4565

Re: Best month to take RMDs?

My RMD starts in two years and I plan to take it as late in the year as possible because: - I could sell bond or stock to satisfy my RMD requirement and so market fluctuations during the year don't matter to me - The longer I leave the money invested, the more it typically generates for me - Forgett...
by TravelforFun
Wed Nov 06, 2019 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: RMD Question
Replies: 6
Views: 934

Re: RMD Question

Note that it is the custodian's responsibility to calculate the RMD and tell you what it is. They have to report the RMD to the IRS each year, not you. But they also have to indicate if it was taken or not. This is important for you to confirm in case she wants to do some Roth conversions (after th...
by TravelforFun
Wed Nov 06, 2019 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 295
Views: 39674

Re: Do you have an umbrella policy?

My umbrella also explicitly states that it would protect me if someone sued me as a board member of a non-profit (particularly interesting in my case, as I am president of an unincorporated non-profit). I could not get an umbrella policy until I got off a city board on which I was serving Travelfor...
by TravelforFun
Mon Nov 04, 2019 2:36 pm
Forum: Investing - Theory, News & General
Topic: Preparing for Your Best Retirement course
Replies: 14
Views: 2352

Re: Preparing for Your Best Retirement course

FBN2014 wrote:
Fri Nov 01, 2019 11:25 am
Is anyone here considering enrolling in the Preparing for Your Best Retirement online course from Wade Pfau's firm?
More info please ... When and how much? I welcome more and new info and believe I can decide for myself. I recently purchased an SPIA and am considering getting more.

TravelforFun
by TravelforFun
Sun Nov 03, 2019 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Car rental insurance experiences
Replies: 31
Views: 2831

Re: Car rental insurance experiences

Has anyone rented a car, declined the CDW coverage, then had an accident? Did your insurance company handle it without problems? TravelforFun You'll also get dinged by your auto insurance, your rates will probably go up, and you've got one less accident before they declined to renew you. How is tha...
by TravelforFun
Sun Nov 03, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: My Social Security not sending verification code
Replies: 20
Views: 1163

Re: My Social Security not sending verification code

I guess it shows the correct number? But if like mine it only shows the last four. Could it be possible one of the other digits is incorrect? What about saying "NO" it is no longer valid and must be changed and re-enter the number or try a new number to send txt too... Just a guess... :happy It sho...
by TravelforFun
Sun Nov 03, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Car rental insurance experiences
Replies: 31
Views: 2831

Re: Car rental insurance experiences

Has anyone rented a car, declined the CDW coverage, then had an accident? Did your insurance company handle it without problems?

TravelforFun
by TravelforFun
Sat Nov 02, 2019 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Roth conversion taxes with HSA funds?
Replies: 27
Views: 2011

Re: Pay Roth conversion taxes with HSA funds?

HSA is the most valuable saving vehicle one could have. I'm keeping mine until the end to pay for my medical expenses in retirement. Also, how is it legal to withdraw HSA to pay for anything (in this case, taxes) other than medical expenses?

TravelforFun
by TravelforFun
Sat Nov 02, 2019 7:39 pm
Forum: Personal Investments
Topic: Worried I am getting addicted to individual stocks.
Replies: 113
Views: 7438

Re: Worried I am getting addicted to individual stocks.

I did not read all the posts but how did you select your stocks? Is there a valuation method that you use consistently before you chose to buy or sell them?

TravelforFun
by TravelforFun
Sat Nov 02, 2019 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: how does Personal Umbrella Insurance work?
Replies: 28
Views: 2658

Re: how does Personal Umbrella Insurance work?

With the umbrella policy, I feel more confident when I say no to the agent who tries to sell me car rental insurance coverage.

TravelforFun
by TravelforFun
Sat Oct 26, 2019 4:06 pm
Forum: Personal Consumer Issues
Topic: Is Google Drive enough for me?
Replies: 64
Views: 3770

Re: Is Google Drive enough for me?

I use Dropbox which works similarly to Google Drive and password-protect sensitive files. Three of my devices can access the Dropbox files for free. I also sync the files on my PC hard drive using Synctoy. Works fine for me.

TravelforFun
by TravelforFun
Fri Oct 18, 2019 10:47 am
Forum: Personal Consumer Issues
Topic: Turks & Caicos on a budget??
Replies: 14
Views: 2508

Re: Turks & Caicos on a budget??

Turks and Caicos is very expensive especially accommodation. We spent a few days there in February and our one-bedroom condo on the beach cost $900 a night, and it's not even a fancy or all-inclusive resort meaning we had to pay for our own foods. But the beach ... OMG!

TravelforFun
by TravelforFun
Fri Oct 18, 2019 10:39 am
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 9813

Re: Retiring and Getting Over The Fear of Quitting?

One of the reasons people are afraid of quitting is because they are unsure whether they have enough to sustain their retirement. I recommend you have a solid budget with discretionary spending, realistic income, and all appropriate taxes and health insurance in it. Once you have 33 times your annua...
by TravelforFun
Tue Oct 08, 2019 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: tax "training" using TurboTax CD ?
Replies: 12
Views: 1047

Re: tax "training" using TurboTax CD ?

I use TT to run one set of input and note the results, then run subsequent sets and note their results, and file the best scenario. TT doesn't allow you to save different files under one SS number, and hence, some manual work is involved.

TravelforFun
by TravelforFun
Tue Oct 08, 2019 6:42 pm
Forum: Personal Investments
Topic: Roth IRA Allocation Help Needed
Replies: 7
Views: 552

Re: Roth IRA Allocation Help Needed

Since my Roth money would be the last thing I touch and its gains are tax-free, I invest all of it in stock funds. Bond funds are in my traditional IRA accounts.

TravelforFun
by TravelforFun
Tue Oct 08, 2019 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: What would you do? New to this stuff
Replies: 33
Views: 4062

Re: What would you do? New to this stuff

I didn't read all the replies but these would be my first few steps. - Stop contributing to your employer's plan since there is no matching. I bet their plan's investment options are limited and fees are high. - Each of you contributes $6,000 to a Roth this year since your current tax brackes are pr...
by TravelforFun
Sat Oct 05, 2019 10:46 am
Forum: Personal Consumer Issues
Topic: Would or should you tip AAA road assistance?
Replies: 67
Views: 4949

Re: Would or should you tip AAA road assistance?

I'd tip them. A few dollars are not going to make a difference to me but might make someone's day.

TravelforFun
by TravelforFun
Wed Sep 25, 2019 2:36 pm
Forum: Personal Consumer Issues
Topic: DFW to Tasmania - 15 hour time change
Replies: 51
Views: 3147

Re: DFW to Tasmania - 15 hour time change

I flew from DFW to Sydney in coach in 2013. It took 19 hours including a short stop in Brisbane but I didn't feel much jet lag at all when I got there. I caught a little bit of sleep on the plane but spent most of the time watching movies. I always try to get on the local schedule immediately when I...
by TravelforFun
Sun Sep 22, 2019 11:15 am
Forum: Personal Consumer Issues
Topic: Can anyone recommend an affordable TV stand wide enough for a 65" TV?
Replies: 28
Views: 1599

Re: Can anyone recommend an affordable TV stand wide enough for a 65" TV?

Google Artisan TV stands. They have good-looking and great-quality furniture including TV stands.

TravelforFun
by TravelforFun
Sat Sep 21, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Dental Insurance for Retirees
Replies: 62
Views: 4947

Re: Dental Insurance for Retirees

There is no such thing as dental "insurance." What do you mean? I pay Aetna $31 a month for dental, vision, and hearing insurance. TravelforFun You have to understand that insurance is a business, not a charity, for the insurance company. If customers buy insurance not for risk mitigation, but for ...
by TravelforFun
Sat Sep 21, 2019 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Dental Insurance for Retirees
Replies: 62
Views: 4947

Re: Dental Insurance for Retirees

toofache32 wrote:
Sat Sep 21, 2019 12:09 am
There is no such thing as dental "insurance."
What do you mean? I pay Aetna $31 a month for dental, vision, and hearing insurance.

TravelforFun
by TravelforFun
Fri Sep 20, 2019 11:44 pm
Forum: Personal Consumer Issues
Topic: Outlook experts question
Replies: 13
Views: 1390

Re: Outlook experts question

I don't create folders on Outlook because my company Outlook account has a size limit and some email attachments are large, so I create folders on the company server and move my email from Outlook to the appropriate folders.

TravelforFun
by TravelforFun
Fri Sep 20, 2019 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement - not worry about withdrawal rate, but focus on portfolio size?
Replies: 69
Views: 6427

Re: Early retirement - not worry about withdrawal rate, but focus on portfolio size?

You could live 70 more years. The odds of a portfolio surviving with that rate of withdrawal are not good. Gill Depends on the size of the portfolio, no? You could live 100 more years and there is 100% chance your portfolio will last if your SWR is 3% and your AA is 60/40. Portfolio size does not m...
by TravelforFun
Fri Sep 20, 2019 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Donation help - Good will how to properly account tax deduction
Replies: 9
Views: 619

Re: Donation help - Good will how to properly account tax deduction

OP, I looked at your list and it's going to be very hard for you to have more than $24K to itemize especially without mortgage interest. Have a garage sale to sell the items and donate what left.

TravelforFun
by TravelforFun
Fri Sep 20, 2019 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Dental Insurance for Retirees
Replies: 62
Views: 4947

Re: Dental Insurance for Retirees

I retired and joined Medicare this year and my monthly health insurance premiums are as follow: _ Medicare Part B, $136 _ Medigap Plan G, $122 _ Medicare Part D (Drugs), $16 _ Dental, vision, hearing, $31 _ Wife COBRA (from my former employer), $499 _ LTC insurance for both of us, $381 Total: $1,186...
by TravelforFun
Thu Sep 19, 2019 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Parents portion of college loan
Replies: 8
Views: 810

Re: Parents portion of college loan

If the interest rate on the student loan is 3% or higher, I'd pay it off today.

TravelforFun
by TravelforFun
Wed Sep 18, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4141
Views: 796536

Re: What's Your Credit Card Rewards Strategy?

You don't need to spend $104K. The credit card sign-up bonus is presently 40K points for $1K in spend so you've got 69K points to go. Still a lot but not insurmountable. You just need to get creative. You can earn a LOT of points by using shopping portals and the Southwest hotel site where you can ...
by TravelforFun
Sun Sep 15, 2019 5:51 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 384
Views: 55856

Re: Roll Call for the Retirement Class of 2019!

All, a couple of weeks ago, I am throwing in the towel and expect to retire at the end of this year. 32 years working state and city government, and high traditional 457b 1.0 million, net worth 2.1 million, Roth IRA account 420K, No kids, no spouse, expenses are approx 25K. I've calculated that my ...
by TravelforFun
Sat Sep 14, 2019 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 8274

Re: Managing joint finances when one is a perfectionist

Probably the only thing to do in this situation is to take over the finances completely and be his “finance mom”. If he has any interest at all in this type of arrangement, run the other way. I'm glad I didn't run the other way from my then girlfriend even though I knew she had no interest in finan...
by TravelforFun
Fri Sep 13, 2019 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 178
Views: 11793

Re: How Have You Planned for Sequence of Return Risk (SOR)?

My plan is to spend from the bonds when the market is down and spend from equities and replenish the bonds when the market is up. Some people call this rebalancing. TravelforFun Your statement is obvious, I’m honestly curious how you will decide which to use though? Market being up or down by how m...
by TravelforFun
Fri Sep 13, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 178
Views: 11793

Re: How Have You Planned for Sequence of Return Risk (SOR)?

I retired last month and have no worry about SOR risk because I have 10 years worth of expenses in bonds, money market, and CDs. My AA works out to be 70/30 but AA is not my focus, the 10x annual expenses is. TravelforFun So, do you spend from your equities then leaving the bonds and bond equivalen...
by TravelforFun
Fri Sep 13, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 178
Views: 11793

Re: How Have You Planned for Sequence of Return Risk (SOR)?

I retired last month and have no worry about SOR risk because I have 10 years worth of expenses in bonds, money market, and CDs. My AA works out to be 70/30 but AA is not my focus, the 10x annual expenses is.

TravelforFun
by TravelforFun
Thu Sep 12, 2019 7:19 pm
Forum: Investing - Theory, News & General
Topic: POST YOUR QUESTIONS FOR THE EXPERTS PANEL Q&A HERE
Replies: 84
Views: 14001

Re: POST YOUR QUESTIONS FOR THE EXPERTS PANEL Q&A HERE

Should one's SWR be tied to his /her AA for a 30-year or longer retirement?

TravelforFun