Search found 2821 matches

by GerryL
Mon Sep 14, 2020 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part C / SS statement has Part B premium deduction
Replies: 10
Views: 616

Re: Medicare Part C / SS statement has Part B premium deduction

Thanks for the responses, much appreciated! Slowly beginning to understand Medicare better... Might be worth your while to get a copy of Medicare for Dummies. Great guide for understanding the complexities of this complicated program. What I like most about it is that it doesn't just reprint the te...
by GerryL
Mon Sep 14, 2020 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Part D Medicare
Replies: 15
Views: 1032

Re: Part D Medicare

If she is " paying copays of many hundreds of dollars per prescription for many of these medications " she's most likely (1) enrolled in the wrong plan, (2) insisting on the brand name when a generic in available, (3) using a non-participating pharmacy, or (4) some combination of the other three. S...
by GerryL
Mon Sep 14, 2020 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Part D Medicare
Replies: 15
Views: 1032

Re: Part D Medicare

Advise your friend to seek help from her state SHIP program (see https://www.medicare.gov/contacts). The volunteers there can offer objective advice to navigate her choices. And, from what I understand, they will help run the Part D search for her when open enrollment opens if she is not comfortable...
by GerryL
Fri Sep 11, 2020 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: What does Medicare A do, if one is still working with health coverage?
Replies: 19
Views: 1049

Re: What does Medicare A do, if one is still working with health coverage?

One thing signing up for Medicare Part A does is make you ineligible to fund an HSA (Health Savings Account) if your employer health insurance is a qualifying high-deductible plan.
by GerryL
Wed Sep 09, 2020 8:22 pm
Forum: Personal Investments
Topic: Immediate Annuity Satisfaction or Regrets?
Replies: 66
Views: 4332

Re: Immediate Annuity Satisfaction or Regrets?

I feel all annuity investing is a mistake. A SPIA is the exception to that rule since it is in essence like buying a pension. Sorry, i do not agree. Only person a SPIA or any Annuity is good for is the insurance company that holds it and the salesman that sold it to you. Terrible investment. An ann...
by GerryL
Wed Sep 09, 2020 3:57 pm
Forum: Personal Consumer Issues
Topic: Please help me, need to buy a computer
Replies: 127
Views: 5875

Re: Please help me, need to buy a computer

I just got a new computer last week and am gradually getting it set up the way I want it. I opted for an HP all-in-one to replace my 10-year-old HP all-in-one. I ordered it directly from HP and, despite warnings about delays, it arrived in less than a week. It's good to understand what programs you ...
by GerryL
Wed Sep 09, 2020 3:39 pm
Forum: Personal Consumer Issues
Topic: Verizon FIOS - tell me what to expect please
Replies: 23
Views: 1295

Re: Verizon FIOS - tell me what to expect please

1) People around here who have FiOS are happy with it. (I happen to use a different provider). 2) It might be worth keeping faintly in the back of your mind that Verizon has been deemphasizing this part of their business since about 2015. I wouldn't factor it into provider choice, but do be aware t...
by GerryL
Wed Sep 09, 2020 3:32 pm
Forum: Personal Investments
Topic: Immediate Annuity Satisfaction or Regrets?
Replies: 66
Views: 4332

Re: Immediate Annuity Satisfaction or Regrets?

I opted to take two tiny pensions as annuities instead of lump sums. I took the first when I retired (age 66) because it would not grow. I waited until age 69.5 to take the second because it continued to increase. Together they add up to less that $700/mo, but they are a welcome supplement to the SS...
by GerryL
Mon Sep 07, 2020 12:49 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads cope with FOMO? [Fear Of Missing Out]
Replies: 97
Views: 7333

Re: How do Bogleheads cope with FOMO?

I focus on having Enough rather than having More. Ironically, by doing that and ignoring FOMO, I have ended up with More than Enough.
by GerryL
Sun Sep 06, 2020 3:16 pm
Forum: Personal Consumer Issues
Topic: Did your car insurance premium drop recently?
Replies: 37
Views: 2072

Re: Did your car insurance premium drop recently?

I pay my USAA auto insurance twice a year. They are providing COVID-19 discounts, so I keep getting emails notifying me that my account has been credited for rather tiny amounts. I don't drive that much even in non-pandemic years, usually logging ~7k miles on my car annually. And in retirement, mile...
by GerryL
Sun Sep 06, 2020 2:59 pm
Forum: Personal Investments
Topic: Taxable brokerage Account
Replies: 5
Views: 707

Re: Taxable brokerage Account

Except for some employer stock, my taxable account is in a 60/40 balanced index fund. I started adding money many years ago before I learned about why I might not want to have bonds in a taxable account. I have only added to it and not taken anything out (except for dividends at some times), and now...
by GerryL
Thu Sep 03, 2020 5:07 pm
Forum: Personal Investments
Topic: Convincing teenager to invest in Roth
Replies: 109
Views: 5759

Re: Convincing teenager to invest in Roth

I don't have teenagers yet, but I think it may be impossible to convince them that saving money now for when they're 65 is worthwhile. If they think 30 is old, how do you think they feel about 65? Yes, I know they can withdraw contributions before that, but that's not a practice I want to encourage...
by GerryL
Wed Sep 02, 2020 1:36 am
Forum: Personal Consumer Issues
Topic: Roku vs Amazon Firestick Content
Replies: 23
Views: 1708

Re: Roku vs Amazon Firestick Content

I have Roku. I understand that there is a lot of overlap between the two. I got a Roku because it has apps for several streaming services I wanted to be able to access on my TV. Most or all may also be on Firestick, too, but I didn't bother to check very deeply. I find that once you move past the we...
by GerryL
Sat Aug 29, 2020 2:22 pm
Forum: Personal Investments
Topic: Convincing teenager to invest in Roth
Replies: 109
Views: 5759

Re: Convincing teenager to invest in Roth

You made the offer. He takes you up on it or he doesn't. You don't really need to negotiate. Try again next year.
by GerryL
Sat Aug 29, 2020 2:05 pm
Forum: Personal Consumer Issues
Topic: First time considering AirBnB or VRBO
Replies: 23
Views: 1645

Re: First time considering AirBnB or VRBO

I used VRBO/HomeAway once 5 years ago. It was a little scary since it my my first such rental. A few glitches, but I learned how to do it going forward. Since then I have used AirBnB several times in US and France without any problems. Sometimes a place to myself and sometimes with the host. I stick...
by GerryL
Fri Aug 28, 2020 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Separating Auto/Homeowners Insurance to Save Cost
Replies: 5
Views: 371

Re: Separating Auto/Homeowners Insurance to Save Cost

A few years ago I decided to finally shop around for a new auto insurer after repeated, no-cause increases in the premium at Farmers. I opted to go with USAA. But when I asked about bundling my homeowners insurance, I found that it would cost me more because at Farmers I am grandfathered in on their...
by GerryL
Thu Aug 27, 2020 4:47 pm
Forum: Personal Consumer Issues
Topic: library ebooks not available for kindle?
Replies: 20
Views: 1320

Re: library ebooks not available for kindle?

One trick I discovered esp when traveling, is that I download all the books i want to read and set my kindle into "airplane mode" so that the book wont disappear from the kindle when it expires. They usually expires in 14 days. You may be able to adjust your checkout period. I use Libby through two...
by GerryL
Tue Aug 25, 2020 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Poll of the retirees among us--spending in retirement
Replies: 76
Views: 6654

Re: Poll of the retirees among us--spending in retirement

71yo and >6 years into retirement. I have a spending "target" that was used to evaluate my retirement plan. (It does not include taxes and goes up each year for inflation.) So far I have never actually hit the target, and I keep a running tab of how much I fall short each year. That will be useful i...
by GerryL
Fri Aug 21, 2020 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard’s online RMD tool updated to facilitate QCDs
Replies: 23
Views: 2732

Re: Vanguard’s online RMD tool updated to facilitate QCDs

She told me that the online tool for requesting an RMD (if you have not set up auto distributions) has recently been updated to make it easier to request QCDs. That's great news and I confirmed that it works for my case. Doesn't it still work even if Automatic RMD Distributions are set up? If it do...
by GerryL
Thu Aug 20, 2020 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: how often do you check your net worth?
Replies: 153
Views: 9461

Re: how often do you check your net worth?

I see it every time I start up Quicken. I do like seeing it. Once a year, I print out a screen shot of it and put it in the filing cabinet. If I croak unexpectedly, hopefully somebody will see it and think “oh, there’s another $50k over there in some account I didn’t know we had”. Same here. I open...
by GerryL
Thu Aug 20, 2020 5:45 pm
Forum: Personal Consumer Issues
Topic: Dental insurance for seniors
Replies: 29
Views: 2519

Re: Dental insurance for seniors

My long-time dentist hates insurance. He'll work with some insurance companies, but only grudgingly. I pre-pay for a year of preventative care, which includes discounts for other types of dental needs. I penciled out the costs for Delta Dental-type insurance coverage and his offer and it made sense ...
by GerryL
Thu Aug 20, 2020 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: How to quit a job for retirement
Replies: 61
Views: 5219

Re: How to quit a job for retirement

I gave many years of notice - talked about it with co-workers all the time. I think most people were interested in learning about the details of the process since they'd be doing it to some day. Except for the exact day, my retirement was driven by vesting rules, and I retired the month I vested. A...
by GerryL
Mon Aug 17, 2020 3:05 pm
Forum: Personal Consumer Issues
Topic: Of what use is an obsolete iPad?
Replies: 42
Views: 3231

Re: Of what use is an obsolete iPad?

You could use it as a music player - basically an oversized iPod Touch. This is essentially how I use my old iPhone 5c. I set it in a docking station and stream podcasts and foreign radio stations. (Although I also use it as a "container" for my French SIM and take it to Europe in non-Covid years.)...
by GerryL
Mon Aug 17, 2020 2:58 pm
Forum: Investing - Theory, News & General
Topic: Won the game
Replies: 49
Views: 7578

Re: What does "Winning the Game" mean to you?

Winning the Game: Living the life I choose to live, there is very little (if any) chance I will run out of money. This encompasses not just day-to-day spending, but also infrequent large expenses (e.g., car, new roof) and unexpected major expenses that can be somewhat mitigated by insurance. That, f...
by GerryL
Mon Aug 17, 2020 2:14 am
Forum: Personal Investments
Topic: DAF recommendations?
Replies: 31
Views: 1455

Re: DAF recommendations?

My accounts are with Vanguard. At the time I opened my DAF (2014) I still had a 401k at Fidelity. I went with the Fidelity Charitable DAF for 2 reasons: 1) the lower minimum contributions and grants and 2) the marketing material was much more "accessible," that is, easier to understand. The Fidelity...
by GerryL
Wed Aug 12, 2020 3:59 pm
Forum: Personal Consumer Issues
Topic: Retiring this Friday. Now what?
Replies: 99
Views: 8920

Re: Retiring this Friday. Now what?

I retired about 6 years ago, but I prepped myself in the preceding years. Once I knew that my finances were in order, I focused on being mentally ready. I read up on living in retirement from various perspectives. I interviewed retired friends whose circumstances were similar to mine. I started a li...
by GerryL
Tue Aug 11, 2020 6:47 pm
Forum: Personal Consumer Issues
Topic: What YouTube channels do you watch?
Replies: 56
Views: 4933

Re: What YouTube channels do you watch?

hulburt1 wrote: Tue Aug 11, 2020 6:35 pm Heritage Wealth planning.
Have 150 videos'. A lot of good information
no trying to sell you something.
I tried watching those for a while. Found the presenter too hard to take. Nice guy, probably, but not a skilled presenter.
by GerryL
Tue Aug 11, 2020 2:55 pm
Forum: Personal Consumer Issues
Topic: What YouTube channels do you watch?
Replies: 56
Views: 4933

Re: What YouTube channels do you watch?

In the evenings I usually plop down in front of the TV and check out what YouTube is recommending for me. Sometimes I change up the recommendations with a search. And if there is a channel that I want to keep my eye on, I may subscribe. My subscriptions generally cover travel/cruising (Tips for Trav...
by GerryL
Tue Aug 11, 2020 2:16 pm
Forum: Personal Investments
Topic: Moving to Cash?
Replies: 158
Views: 11352

Re: Moving to Cash?

Follow your plan.
You DO have a plan, don't you?
Is there anything in your plan about moving to cash?
Follow your plan.
by GerryL
Mon Aug 10, 2020 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do when you won the game? Edited
Replies: 53
Views: 6614

Re: What did you do when you won the game?

A couple of years before I planned to retire, I had a Vanguard CFP evaluate how well my portfolio would do based on living to 100 and a specified spend in the starting year (to increase for inflation annually). Best case scenario, my portfolio would be much larger when I died. Worst case scenario, I...
by GerryL
Mon Aug 10, 2020 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: For those that have taken a break from work... [Military to civilian career change]
Replies: 17
Views: 1382

Re: For those that have taken a break from work... [Military to civilian career change]

Having gone through several transitions, although none quite like the one you describe, here is my suggestion: Keep your hand in by scheduling some time each week to network and do ongoing research in your industry. Make it a part-time job. As you know, the world will not stand still while you take ...
by GerryL
Sun Aug 09, 2020 10:03 pm
Forum: Personal Investments
Topic: Newly retired seeking an investment & cash flow plan
Replies: 18
Views: 1991

Re: Newly retired seeking an investment & cash flow plan

Another resource to look at is the book How to Make Your Money Last: The Indispensable Retirement Guide by Jane Bryant Quinn. Look for the most recent version.
by GerryL
Thu Aug 06, 2020 1:14 pm
Forum: Investing - Theory, News & General
Topic: What happens if you run out of money in retirement?
Replies: 175
Views: 15232

Re: What happens if you run out of money in retirement?

at 85? I wouldn't care - that sounds like a long-lived life. Sorry, I'm 86 and I care and I haven't changed a heck of a lot on likes and dislikes and wants and needs. I bought a new car last December and a new AC and Furnace this summer and other stuff. I still eat and drink (plus eat in restaurant...
by GerryL
Wed Aug 05, 2020 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Accounting for CC cash back in personal budget
Replies: 41
Views: 2223

Re: Accounting for CC cash back in personal budget

If I take cashback as cash -- e.g., Costco Visa annual cashback -- I just set it aside for gradually putting in my wallet and don't even enter it into Quicken. The amounts are not so significant that I feel a need to track it as income. If something comes into an account as a credit, I categorize it...
by GerryL
Tue Aug 04, 2020 2:08 pm
Forum: Investing - Theory, News & General
Topic: What happens if you run out of money in retirement?
Replies: 175
Views: 15232

Re: What happens if you run out of money in retirement?

I would hope that I notice that I am in danger of running out long before I actually run out. This is the real answer. I would take some serious steps before completely running out of funds. Gill Few people suddenly wake up and realize they have run out of money, but there are, sadly, instances of ...
by GerryL
Mon Aug 03, 2020 10:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard "sunsetting" CFP consultations
Replies: 137
Views: 11578

Re: Vanguard "sunsetting" CFP consultations

So, no more Flagship level? I have noticed that the descriptions of their different levels have become rather wishy-washy. My Flagship rep disappeared "temporarily" almost 2 years ago. In the past I have had a VG CFP run my plan to see how it held up at a specified spend level. So, is this service n...
by GerryL
Sat Aug 01, 2020 6:32 pm
Forum: Personal Investments
Topic: Withdrawal for Non-retirement Accounts
Replies: 4
Views: 443

Re: Withdrawal for Non-retirement Accounts

mrsmith, My "technique": I have 3 accounts w/ Vanguard IRA, Roth IRA and taxable (i.e., not tax-advantaged for retirement). That last, which is in a balanced index fund, is where I put extra $$ for long-term growth. For years, while I was working, I had dividends set to auto-reinvest and just let it...
by GerryL
Thu Jul 30, 2020 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard's Automatic RMD Service, QCDs, and Other Withdrawals
Replies: 50
Views: 2997

Re: Vanguard's Automatic RMD Service, QCDs, and Other Withdrawals

Can anyone answer this. For the Vanguard automatic RMD service, can they take the RMD from any mutual fund or ETF in your account, or only from Vanguard mutual funds? Gary, I don't know the answer to your question, but you could always move the amount of your RMD from various funds in the IRA into ...
by GerryL
Mon Jul 27, 2020 3:34 pm
Forum: Investing - Theory, News & General
Topic: Why isn't Social Security like a deferred annuity?
Replies: 30
Views: 2622

Re: Why isn't Social Security like a deferred annuity?

The process of putting money into SS is not like a deferred annuity. But the process of getting it out is much like an annuity. A COLA'd single-premium annuity.
And it is by its nature "deferred."
by GerryL
Sun Jul 26, 2020 5:57 pm
Forum: Personal Consumer Issues
Topic: Mattress toppers....
Replies: 33
Views: 1909

Re: Mattress toppers....

*Disposing of a retired topper can be a challenge. I've used a utility knife to cut and tear them up into smaller pieces that fit in the trash bin. But that can be a little messy and it takes a few weeks to get them out of the house. That's what I have done. When I bought the second one, I asked at...
by GerryL
Sun Jul 26, 2020 3:41 pm
Forum: Personal Consumer Issues
Topic: Mattress toppers....
Replies: 33
Views: 1909

Re: Mattress toppers....

I've been keeping my old Simmons mattress going with a 3" memory foam topper ... for a bunch of years now. But unlike your situation, I went with the topper because my bed was no longer giving me the support I wanted. If I start waking routinely with a sore back, that's the sign to replace the toppe...
by GerryL
Fri Jul 24, 2020 1:35 pm
Forum: Personal Investments
Topic: Intel sell or hold NOW sold.
Replies: 71
Views: 6329

Re: Intel sell or hold NOW sold.

Nice thread to revisit. OP sold on May 1 - open 58.83 | high 59.32 | low 57.31. Today Intel is down to $50.71 as I write this. A few weeks ago INTC was going up and was approaching 62. With no RMDs this year, I figured I'd sell some, and I put in a limit order for ~65. Then it went down. Then it st...
by GerryL
Wed Jul 22, 2020 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended Medicare Resource Materials?
Replies: 9
Views: 440

Re: Recommended Medicare Resource Materials?

I'm a big fan of Medicare for Dummies. Bought my own copy after perusing the one in the library. I found that many resources simply copied the text that was available on the official Medicare site, but MforD did a better job in explaining the complexities in different language. And I like the grids....
by GerryL
Tue Jul 21, 2020 1:47 pm
Forum: Investing - Theory, News & General
Topic: Tips for staying the course
Replies: 10
Views: 723

Re: Tips for staying the course

With everybody telling us how much the market is overvalued and how surely it will fall drastically, Here are a couple of tips that will help you stay the course Imagine the worst case scenario - spy down 50 % or even 75 % and calculate your portfolio. If that’s a number you feel ok with to survive...
by GerryL
Sat Jul 18, 2020 1:25 pm
Forum: Investing - Theory, News & General
Topic: Retirees, share your epiphanies..
Replies: 126
Views: 15168

Re: Retirees, share your epiphanies..

Wilderness Librarian wrote: Sat Jul 18, 2020 9:16 am
Keenobserver wrote: Fri Jul 17, 2020 1:28 pm Does anyone here regrett not having kids, or not havijg enoguh kids ?
Medicare age. Zero kids. Zero regrets. This is one of several reasons I bought long term care insurance when I was in mid-50s
We librarians seem to think alike.
by GerryL
Fri Jul 17, 2020 2:27 pm
Forum: Investing - Theory, News & General
Topic: Retirees, share your epiphanies..
Replies: 126
Views: 15168

Re: Retirees, share your epiphanies..

Does anyone here regrett not having kids, or not havijg enoguh kids ? Solo. No kids. No regrets. Regret about anything you cannot change is a waste of time, so I really, truly do not think about "what might have been." EDIT: But in answer to the original question, and reiterating what others have s...
by GerryL
Fri Jul 17, 2020 2:19 pm
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 267
Views: 31083

Re: What surprised you the most once you retired?

All the above is a textbook symptom of becoming inefficient and lazy. When you have too much time without much to do, you become less efficient and it is difficult to finish anything because you don't have any sense of urgency. Your frustration with unfinished tasks makes you feel busy, i.e., short...
by GerryL
Thu Jul 16, 2020 10:44 pm
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 267
Views: 31083

Re: What surprised you the most once you retired?

Anyway, my biggest surprises: How many people are around 9-5. Go to a movie theater, a cafe, or a grocery store at 2pm on a Tuesday and....it isn't "full" but I'm always a bit surprised how many other people are there. I always wonder....are all of you early retirees? House-spouses with kids in day...
by GerryL
Thu Jul 16, 2020 8:43 pm
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 267
Views: 31083

Re: What surprised you the most once you retired?

How quickly I adapted. I thought it would take a few weeks, but it was more like fifteen minutes.
And how quickly time passes. I recently celebrated my 6th anniversary in retirement. I have to keep doing the math, because it feels like it can't be more than three years.
by GerryL
Sat Jul 11, 2020 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Switch from Medigap F-HD to G-HD?
Replies: 5
Views: 508

Re: Switch from Medigap F-HD to G-HD?

... On the other hand, I do expect that the lowest cost Plan G-HD may *eventually* be cheaper than the lowest cost Plan F-HD, due to the growing difference in age-risk pools. When that happens to any significant extent, I will likely do a one-and-done switch to Plan G-HD. (I would not expect to swi...