Search found 274 matches

by scifilover
Sun Jan 26, 2020 9:11 am
Forum: Personal Consumer Issues
Topic: Mechanics of maintaining two homes
Replies: 37
Views: 3321

Re: Mechanics of maintaining two homes

Winter rentals here are $3k to $3.5k a month. Half the 2500 homes are seasonal. Of these, some are rentals, but most seasonal homes are owned by someone with another place up North, There is big demand with anything coming on the market going very quickly. A lot of folks start out as seasonal owners...
by scifilover
Fri Jan 24, 2020 10:01 am
Forum: Personal Consumer Issues
Topic: Mechanics of maintaining two homes
Replies: 37
Views: 3321

Re: Mechanics of maintaining two homes

Two homes are 1710 miles apart. This is our 7th Winter in a warmer place. Currently we drive back and forth in a minivan.... Anything except clothes and personal electronics has been duplicated. Before we got 2nd house, we experimented with other approaches to getting warmer during Winter. Having 2n...
by scifilover
Wed Jan 08, 2020 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Checking in -- fresh ideas?
Replies: 16
Views: 3148

Re: Checking in -- fresh ideas?

Another Roth conversion supporter here.....You have slightly more than $3M in tax deferred...if you do a little modeling.........with just 6% compound growth, you could be looking at $6M+ prior to RMD's. With SS, some Div from your taxable account, your taxable income at RMD time could be more than ...
by scifilover
Mon Dec 09, 2019 9:51 am
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 224
Views: 13603

Re: Tax Deferred : Taxable : Tax Free

You also have to consider who the audience is here. If it was the general public, well, they don't save a whole lot, and if they are lucky they will end up at 65 with a few hundred thousand in their IRAs. So they probably will be in a low tax bracket in retirement, even if everything is in traditio...
by scifilover
Fri Dec 06, 2019 9:57 am
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 224
Views: 13603

Re: Tax Deferred : Taxable : Tax Free

TD 45.5 T 25.5 TF 28 Am not in favor of using any rule-of-thumb such as $1M in thinking about conversions. With just $1M at age 55, it can become $2.5M at 70.5 with less than 6% compound growth. What one must do is do a few projections every 2 or 3 years to see how that TD account is growing. I reti...
by scifilover
Thu Dec 05, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Question to the Already Retired—Medicare
Replies: 47
Views: 3168

Re: Question to the Already Retired—Medicare

Medicare will bill you when you are not yet receiving SS. Alternatively, you can call SS and request they send you an enrollment form for bank checking debits. You would think that the Govt. would have an easy on-line enrollment process, but no, you must call.
by scifilover
Thu Dec 05, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Retirees, which accounts do you consume first: Taxable, Deferred,...?
Replies: 37
Views: 2880

Re: Retirees, which accounts do you consume first: Taxable, Deferred,...?

I was playing around with ORP and found that the optimal approach was not obvious. I am wondering what others do and why they do it. Or for non-retirees, what do you plan to do? I have been drawing down taxable, but I am second-guessing that. Our unavoidable taxable income (SS, annuity, RMD) is pre...
by scifilover
Wed Dec 04, 2019 8:30 am
Forum: Personal Consumer Issues
Topic: Monovision contacts?
Replies: 23
Views: 1414

Re: Monovision contacts?

Have been wearing mono vision contacts for 30 years. I hate glasses. During last exam, lenses were changed to deal with astigmatism, but still mono. There is an adaptation period during which you wear the lenses for increasing periods to get used to how they feel. Vision with the lenses isn't perfec...
by scifilover
Tue Dec 03, 2019 9:12 am
Forum: Personal Finance (Not Investing)
Topic: How Much Is The Value of Your Net Worth Important to You?
Replies: 74
Views: 6479

Re: How Much Is The Value of Your Net Worth Important to You?

Retired 18+ years. Managing your retirement financing isn't about net worth, it is about cash flow. You need cash to pay for your travel, cash to pay taxes, cash to pay for grandchildren's education, cash to buy replacement autos, perhaps cash to buy a Winter home, etc. Our portfolio, except for min...
by scifilover
Sun Nov 24, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Inflation to use for retirement projections
Replies: 23
Views: 1304

Re: Inflation to use for retirement projections

Long term projections are relatively worthless. Each year you must make a number of assumptions. The more data you include, the more assumptions you must make about the future. In considering probability of accuracy over 18 years, you must multiply the probabilities of the assumptions for each year ...
by scifilover
Thu Nov 21, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Auto insurance company pays less than 1/3rd of windshield damage
Replies: 18
Views: 1255

Re: Auto insurance company pays less than 1/3rd of windshield damage

Have you read the Comprehensive section of your insurance policy? It no doubt requires you to allow them to inspect the damage prior to having repairs completed. Since you failed to do so, you have violated the policy conditions. When you violate policy conditions, you lose the high ground........By...
by scifilover
Sun Nov 17, 2019 9:29 am
Forum: Personal Consumer Issues
Topic: Cable modem/phone question
Replies: 13
Views: 1116

Re: Cable modem/phone question

Had cable co out to house to replace some boxes....Tech reported that I had a piece of coax in attic that had gone bad with signal strength low enough to damage new gear....cable co...(Comcast) will not repair wiring in house even if you would be willing to pay for.....have to have electrician out ...
by scifilover
Sat Nov 16, 2019 7:48 am
Forum: Personal Consumer Issues
Topic: Cable modem/phone question
Replies: 13
Views: 1116

Re: Cable modem/phone question

Had cable co out to house to replace some boxes....Tech reported that I had a piece of coax in attic that had gone bad with signal strength low enough to damage new gear....cable co...(Comcast) will not repair wiring in house even if you would be willing to pay for.....have to have electrician out t...
by scifilover
Thu Nov 14, 2019 9:22 am
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 93
Views: 5252

Re: (Sigh) "Wasting" year-old smoke detector batteries...

Garage opener keypad uses 9v, but only needs one every decade......
by scifilover
Wed Nov 13, 2019 9:54 am
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 93
Views: 5252

Re: (Sigh) "Wasting" year-old smoke detector batteries...

We have a different flavor of the problem. Vacation house in AZ has hard wired detectors....4. They use a 9v battery for backup. After looking at detectors determined that all were over 10 years old, and replaced them with similar models. One year later, went to Costco and bought their 9v package of...
by scifilover
Tue Nov 12, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: How to Calculate Qualified Expense (for 529 Plan) for College Student Living at Home
Replies: 19
Views: 1531

Re: How to Calculate Qualified Expense (for 529 Plan) for College Student Living at Home

We are helping our granddaughter prepare to attend a midwest university starting next fall. We have funds in a 529 program for her benefit. She will be in he dorm her first year and then plans to live off-campus thereafter. This university has on its website detailed information on its COA. It inclu...
by scifilover
Sun Nov 10, 2019 9:39 am
Forum: Personal Consumer Issues
Topic: Auto Insurance - removing a driver on policy
Replies: 12
Views: 994

Re: Auto Insurance - removing a driver on policy

Private Passenger auto policies include the spouse as a Named Insured on the policy. Named Insureds are the owners of the policy. Trying to exclude a spouse who retains a license is difficult for the insurance co. If the spouse were to drive and then hurt someone in the process, often times, the exc...
by scifilover
Sun Nov 10, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: strategy check managing MAGI, RMD's etc
Replies: 17
Views: 1084

Re: strategy check managing MAGI, RMD's etc

The only thing I would ask you to consider is the effect of inflation on your income. The only portion of your income indexed to inflation is SS. (Unless you have some unusual pensions.) You didn't mention an allocation to equities...something about mostly cash that lets you sleep better. Even 2% in...
by scifilover
Sun Sep 29, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 16000

Re: Staying the course is so hard (support thread)

Marketing folks refer to this as Pre-purchase Cognitive Dissonance. Lots of marketing studies by academics if you google. Only way to resolve is to get some counseling. Got to find out what really makes you happy. I suspect that in 13 years, you will not be able to retire...you will feel guilty abou...
by scifilover
Fri Sep 13, 2019 6:04 am
Forum: Personal Consumer Issues
Topic: Need gift ideas for my parents
Replies: 18
Views: 1460

Re: Need gift ideas for my parents

Not enough info......
Parents age range, interests, ??????
by scifilover
Fri Aug 23, 2019 9:18 am
Forum: Personal Consumer Issues
Topic: Be Wary of Citibank telephone automation
Replies: 7
Views: 1100

Re: Be Wary of Citibank telephone automation

Update, 1. New card not coming until September 10. Agent who told me overnight lied. 2. I am frozen out of my account online. Can't access the old account, or my costco visa account as both used same login info, and Double cash was default. 3. Referral to Citi tech support only resulted in having ad...
by scifilover
Thu Aug 22, 2019 8:15 am
Forum: Personal Consumer Issues
Topic: Be Wary of Citibank telephone automation
Replies: 7
Views: 1100

Be Wary of Citibank telephone automation

During the past couple of weeks, my Citi Doublecash card was having trouble with chip readers at the grocery, Lowe's, etc. It has gotten heavy use, so I thought perhaps it was time for a replacement card. So, I called Citi and tried to get through their phone answer tree to get to a human. I kept sa...
by scifilover
Thu Aug 22, 2019 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Homeowner's insurance - replacement cost
Replies: 24
Views: 1457

Re: Homeowner's insurance - replacement cost

its also for destruction by fire, no? Yes. So if my entire place burns down, everything will paid at what it is worth. Is that so bad? To be honest, this brings up another point. How do you come to an amount with the insurance company?? I mean, I have $156k personal property coverage. I would think...
by scifilover
Tue Aug 20, 2019 7:40 am
Forum: Personal Consumer Issues
Topic: Hiking in the PNW (Seattle) next weekend. What do I need?
Replies: 29
Views: 1777

Re: Hiking in the PNW (Seattle) next weekend. What do I need?

The Cascades are steep. Typical hikes usually have 1000' of elevation gain per mile. So up a 20% grade and down the same. Hiking poles can be very helpful and reduce the load on knees. Usually these are telescoping so they aren't too bulky.
by scifilover
Thu Aug 01, 2019 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Farmer's Insurance Policy: is there an umbrella policy with fewer exclusions?
Replies: 11
Views: 1228

Re: Farmer's Insurance Policy: is there an umbrella policy with fewer exclusions?

You say people work for you.....do you have a business, or do you mean that you are a manager/executive where you are employed? If you have a business, you need a business insurance policy and a commercial umbrella. If you are employed as a manager/executive, your employer is no doubt insured/self-i...
by scifilover
Thu Jul 04, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 11596

Re: The Day Has Come - Hit Retirement Number - Now What?

The big question, is what are you going to be doing when you aren't going to work? What I did was to spend several months working on my house. Prior to retirement, I had been putting in 60+ hour weeks working on a merger. As a result, lots of things at home got neglected. After the burst of work on ...
by scifilover
Mon Jul 01, 2019 7:49 am
Forum: Personal Consumer Issues
Topic: Going to switzerland this september-advice?
Replies: 30
Views: 2177

Re: Going to switzerland this september-advice?

If you go to Stechelberg, an easy trip from Interlaken, you can take the cable car to the top of the Schilthorn. This has the revolving restaurant at the top featured in one of the James Bond movies. Actually, there are four gondola segments of the trip to the top. The first one takes you to Murren,...
by scifilover
Tue Jun 04, 2019 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Change to Homeowners Policy
Replies: 6
Views: 782

Re: Change to Homeowners Policy

Homeowners' Insurance is a long term losing proposition for most insurers. The Calif fires last year only continued this trend. Not unusual to see policy changes after such losses. Loss of Use (which used to be called Additional Living Expense) in the old days, used to provide coverage of 20% of Cov...
by scifilover
Sat May 25, 2019 9:13 am
Forum: Personal Consumer Issues
Topic: Grad school financing - hard sciences
Replies: 31
Views: 2721

Re: Grad school financing - hard sciences

While thinking about funding for grad school will eventually become important to a future academic, what can be more important is being in a top level undergraduate stem program, and then getting some volunteer research experience in some researcher's lab as an undergraduate. Both my sons completed ...
by scifilover
Sun May 19, 2019 8:41 am
Forum: Personal Consumer Issues
Topic: new roof
Replies: 34
Views: 3457

Re: new roof

The Arizona Registrar of Contractors has an on-line search tool that allows you to search for and verify the license status of any person. In Arizona, there are many people who claim to be licensed but who are not. It is illegal to operate as a contractor in Arizona without a license.
by scifilover
Sat May 11, 2019 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 213
Views: 38634

Re: Cash - Throw it all on the table!!!

Retired 18 years. Have no periodic monthly income except for SS. Currently have in cash and MMF about 6.5 years of income needed for expenses excess of what SS provides. Works out to about 7% of financial assets. Has been as high as 10%. Spending in excess of SS means withdrawal of about 1.5% each y...
by scifilover
Mon May 06, 2019 8:03 am
Forum: Personal Finance (Not Investing)
Topic: New article: Taxable account
Replies: 15
Views: 2007

Re: Soliciting feedback on new Wiki article: Taxable account

Just my opinion, but when I think of a "taxable account" I am thinking of a taxable investment account and wouldn't include vanilla banks etc. Perhaps banks, credit unions, etc should be treated separately. Another topic that might be included in this wiki is the financing available from a broker su...
by scifilover
Fri May 03, 2019 7:15 am
Forum: Personal Finance (Not Investing)
Topic: BOA Bill Pay - Joint Account
Replies: 7
Views: 822

Re: BOA Bill Pay - Joint Account

We have the same issue with Schwab Bank. I do have a solution planned. Later this year, I have to buy another laptop as my old one with Win7 will no longer be supported by M/S next year. At that time, I will also switch to the new subscription version of Quicken. I've got 20 years of data in Quicken...
by scifilover
Sun Mar 31, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: opinion on best option to pay off mortgage for retiree
Replies: 3
Views: 511

Re: opinion on best option to pay off mortgage for retiree

I tried to use your data to estimate your current P and I mort payment. 3.875% 30 y $610k = $2868.446 Since you have already paid the mortgage down to $73k approx, you must have been making extra payments. Anyway, Using pmt above, my fin calc says you will pay off your mort in 27 months without any ...
by scifilover
Sat Mar 16, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: purchasing a second home questions/advice
Replies: 13
Views: 1344

Re: purchasing a second home questions/advice

Bought a 2nd house in AZ in 2012. Even with peak season rental prices it can be less expensive to rent than own depending on how long your Winter stay lasts. For 3 months or less renting is for sure less. For 5 months or more, owning is less expensive. 4 months is a tossup. I'm not counting any pote...
by scifilover
Sun Feb 24, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Big IRA accounts
Replies: 100
Views: 17049

Re: Big IRA accounts

You possibly should consider longer term growth effects via one of the calculators on this site. It doesn't sound like you are going to spend the RMD's, so those funds will accumulate in your taxable account. You plan to purchase more munis and that may be good. The real issue is the longer term gro...
by scifilover
Sat Feb 23, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: How long should a bodily injury claim take to settle?
Replies: 62
Views: 3348

Re: How long should a bodily injury claim take to settle?

What was the amount of payment for the damage to your car? How severe was the collision? The other insurance company, unlike your own company, does not owe you a duty of good faith and fair dealing. It is managing this loss as it thinks best for its own interest and that of its policyholder. Sometim...
by scifilover
Tue Feb 19, 2019 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Should I Contribute To A Roth, Even If It Bumps Me Up To The Next Tax Bracket?
Replies: 25
Views: 3248

Re: Should I Contribute To A Roth, Even If It Bumps Me Up To The Next Tax Bracket?

To clarify, I'm married filing jointly, and currently in the 22% bracket. I'm questioning if I should push myself into the 24% bracket by investing in the Roth 401k. Total current nest egg is $2.5 million, so 76% of that is in pre-tax savings. Been retired since 2001. I also had/have a large tax-de...
by scifilover
Mon Feb 18, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Calculating RMD
Replies: 13
Views: 770

Re: Calculating RMD

As long as you are adding up the two IRA prior y/e balances to get a total before you do the division you will come up with the correct total RMD. You can then take that RMD amount in total from either one of the IRAs or you can parse it up between the two. Since the two brokerages don't know about ...
by scifilover
Sun Feb 17, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Help with difficult work situation
Replies: 48
Views: 3912

Re: Help with difficult work situation

Given the well publicized difference in the numbers of women in management positions compared to men in most industries, a little strategic thinking on your part might have helped you anticipate this series of events. I would think that companies, especially in tech, are looking for women to promote...
by scifilover
Fri Feb 15, 2019 9:50 am
Forum: Personal Consumer Issues
Topic: Switching insurance, timing cancelation of old
Replies: 14
Views: 972

Re: Switching insurance, timing cancelation of old

Normally, one cancels the old policy effective on its date of renewal rather than earlier. Many insurance companies will use a short rate penalty table for your situation rather than the pro rata table when the insured cancels the policy earlier than the renewal date.
by scifilover
Thu Feb 14, 2019 11:39 am
Forum: Personal Consumer Issues
Topic: Skype problems
Replies: 4
Views: 318

Re: Skype problems

by scifilover
Tue Feb 05, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: better retirement distribution and Roth conversion income tax withholding
Replies: 1
Views: 205

Re: better retirement distribution and Roth conversion income tax withholding

Schwab allows one to choose with each IRA distribution whether or not to have taxes withheld. I don't have a 401-k. I generally don't have anything withheld and through planning know what my tax liability will be and set up quarterly payments through EFTPS. I use the What-if Form in TurboTax to do t...
by scifilover
Sat Feb 02, 2019 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Is roth conversion worth it in all cases?
Replies: 65
Views: 6302

Re: Is roth conversion worth it in all cases?

So you have about $2million in tax deferred accounts. One has seven years before RMD the other a few years longer. The risk in not doing any conversions is that we experience another period of significant investment growth between now and when you begin RMDs. Just 6% average growth will increase you...
by scifilover
Thu Jan 24, 2019 10:58 am
Forum: Personal Consumer Issues
Topic: Cell Phone Plans - Question Re Best Plan for Combining Husband & Wife
Replies: 65
Views: 3439

Re: Cell Phone Plans - Question Re Best Plan for Combining Husband & Wife

If either of you ever served in the US Military T-Mobile has a plan for you....https://www.t-mobile.com/offers/military-phone-plans Basic deal is $55 for line one, $25 for line two and $10 for lines 3-10. Includes unlimited everything, and some other bennies as well. I had to provide a copy of my se...
by scifilover
Wed Jan 16, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Help me decide how to be paid (bonus structure)
Replies: 9
Views: 941

Re: Help me decide how to be paid (bonus structure)

I have a relative with the same setup that you have. He and I discussed this recently when he had a chance to increase the salary portion. I suggested that he call his HR department to find out how matching for 401k was calculated. I suspected that they were only matching on the salary portion and n...
by scifilover
Wed Jan 09, 2019 9:16 am
Forum: Personal Finance (Not Investing)
Topic: State Insurance Guaranty Pools
Replies: 10
Views: 721

Re: State Insurance Guaranty Pools

From: caiga.org The California Insurance Guarantee Association... " Surcharge The CIGA plan of operation, in accordance with section §1063.14 of the California Insurance Code, requires each member insurer to recoup a sum reasonably calculated to recoup the assessment paid by the member insurer throu...
by scifilover
Wed Nov 21, 2018 10:18 am
Forum: Personal Consumer Issues
Topic: Utah Gasoline Octane Ratings Deleted
Replies: 9
Views: 1229

Utah Gasoline Octane Ratings Deleted

Deleted.....
by scifilover
Wed Oct 17, 2018 7:58 am
Forum: Personal Consumer Issues
Topic: New Snowbird- Tucson AZ
Replies: 21
Views: 3718

Re: New Snowbird- Tucson AZ

For rentals also checkout Dove Mountain in Marana. This is West of Oro Valley. Also Rancho Vistoso in Oro Valley. Finally, check Saddlebrook which is North of Oro Valley just past Catalina. Saddlebrook is a little farther out, but there are 8000 single family homes there and lots of rentals. When se...
by scifilover
Sat Jul 14, 2018 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Do I need Commercial Auto Insurance for a Business vehicle?
Replies: 14
Views: 975

Re: Do I need Commercial Auto Insurance for a Business vehicle?

If your business is organized as a sole proprietorship, normally you can ask your insurer to rate the vehicle for business use. Usual surcharge is 25% above base rate since usage will be greater than someone going to and from work. Business auto policies are intended for those with employees who wil...