Search found 2472 matches

by bhsince87
Sun Oct 13, 2019 8:39 pm
Forum: Personal Investments
Topic: What’s the point of a taxable account?
Replies: 62
Views: 6350

Re: What’s the point of a taxable account?

I guess my question is, what’s the point of a taxable? I’m in a fairly low tax bracket, but do most of you have a taxable account? With a decent income, it is pretty easy to run out of tax-deferred space (or have limited tax-deferred space available). We're not super high-earners (especially for th...
by bhsince87
Sat Oct 12, 2019 9:42 pm
Forum: Personal Consumer Issues
Topic: How to prevent shoe creases?
Replies: 18
Views: 1842

Re: How to prevent shoe creases?

I wore sandals the last 10 years of my career.

No creases!

I can only assume you are not in tech.
by bhsince87
Sat Oct 12, 2019 8:09 pm
Forum: Personal Consumer Issues
Topic: If we visit Shenandoah and Blue Ridge Parkway, do we "need" to see Great Smoky Mtns. NP, too?
Replies: 42
Views: 4004

Re: If we visit Shenandoah and Blue Ridge Parkway, do we "need" to see Great Smoky Mtns. NP, too?

It would be good to have realistic expectations about the drive on the Blue Ridge Parkway, it has been referred to as "The Green Tunnel" because for much of the trip you will be driving through forests without much of a view. Many of the overlooks have had trees grow up so there was no longer a vie...
by bhsince87
Sat Oct 12, 2019 2:22 pm
Forum: Personal Consumer Issues
Topic: If we visit Shenandoah and Blue Ridge Parkway, do we "need" to see Great Smoky Mtns. NP, too?
Replies: 42
Views: 4004

Re: If we visit Shenandoah and Blue Ridge Parkway, do we "need" to see Great Smoky Mtns. NP, too?

I've been to both national parks and driven almost the entire length of Skyline Drive and Blue Ridge Parkway. Although not in one drive! In my opinion, if you stay on the BRP until the Asheville area, you will have seen enough of the mountains in their various forms. And there is a significant chang...
by bhsince87
Fri Oct 11, 2019 5:53 pm
Forum: Personal Consumer Issues
Topic: Replace water heater just because it's old?
Replies: 70
Views: 4954

Re: Replace water heater just because it's old?

Knock on wood, but ours is 32 years old and still going strong. Electric, so I have had to replace the electrodes a few times. The inside is coated with calcium now, and I think that helps prevent rust through. Plus I think they just made better appliances back then. I've looked into the heat exchan...
by bhsince87
Wed Oct 09, 2019 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: What are your personal experiences with downside of early retirement?
Replies: 95
Views: 17123

Re: What are your personal experiences with downside of early retirement?

To a large extent I defined “who I was” through my job. It was very high profile with hundreds of “reports”. I had support staff to do most of the mundane, everyday tasks. Once retired (at 56) I had to re-envision who I was. Took about three years, I think, to go from “big shot Corp exec” to early ...
by bhsince87
Tue Oct 08, 2019 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: What are the essential and discretionary expenses in a retirement budget?
Replies: 110
Views: 6130

Re: What are the essential and discretionary expenses in a retirement budget?

20% of the annual budget on Healthcare. The price of a new car every year. It will be about 35% of the budget for us for the first 10+ years. And that's not counting dental and eyes. If we can get below the ACA subsidy level, that drops to about 8%. So we will be doing everything possible to get do...
by bhsince87
Mon Oct 07, 2019 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: What are the essential and discretionary expenses in a retirement budget?
Replies: 110
Views: 6130

Re: What are the essential and discretionary expenses in a retirement budget?

Virtually none of the things you list are "essential", as you yourself note. They are just "wants". There is no black & white when it comes to spending. Sure, we all need a place to live. But living in that house in that neighborhood, which costs $10,000 a year, isn't "essential" in any normal sens...
by bhsince87
Mon Oct 07, 2019 10:25 pm
Forum: Investing - Theory, News & General
Topic: I don’t understand the valuation of some companies – what am I missing?
Replies: 31
Views: 2851

Re: I don’t understand the valuation of some companies – what am I missing?

"The market can remain irrational longer than you can remain solvent."
by bhsince87
Mon Oct 07, 2019 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Psychologically adverse to start drawing down in retirement
Replies: 77
Views: 7056

Re: Psychologically adverse to start drawing down in retirement

Ugh, I'm struggling with this! Only been retired 10 months, age 54. I gave myself a $15k "allowance" from my severance package that was supposed to be for the first quarter of 2019. I finally spent it down a few weeks ago, and just took my first withdrawal from my retirement funds last week. I'm hop...
by bhsince87
Mon Oct 07, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: What are the essential and discretionary expenses in a retirement budget?
Replies: 110
Views: 6130

Re: What are the essential and discretionary expenses in a retirement budget?

At first I thought these projections were for a single. But I see OP references the pronoun "we" in several places, so now I have to assume this is a couple :?: $8,500 a year for "groceries, gasoline and clothes" works out to $708 a month. Even if you spend only $100 of that on gas for the car, and...
by bhsince87
Mon Oct 07, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: What are the essential and discretionary expenses in a retirement budget?
Replies: 110
Views: 6130

Re: What are the essential and discretionary expenses in a retirement budget?

Seems pretty good. I have our budget broken down into more fine categories, but for planning purposes, your's looks fine. I have separate categories for dental and eye care, since they don't seem to be covered by the health insurance plans we're looking at. Also have a separate category for gifts an...
by bhsince87
Sun Oct 06, 2019 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 13207

Re: Willingly going from lucrative job to unemployed?

I shared the situation with my boss (with whom I have a decent informal relationship), quite literally starting with "I can't take it anymore", and he said to please wait about a month or two before having this conversation. He informally said that the company might be in the final stages of a M&A ...
by bhsince87
Fri Oct 04, 2019 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 13207

Re: Willingly going from lucrative job to unemployed?

Go see a doctor. If the doc says you need to take 6 months off to preserve your mental health, then that's what you tell your employer. FMLA exists for this reason. I was going to mention FMLA too. Although it most places, that's limited to 12 weeks. Some companies are very lenient with that. At a ...
by bhsince87
Fri Oct 04, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Short term health insurance
Replies: 3
Views: 206

Re: Short term health insurance

My daughter is curious about getting a short term health insurance policy. She is between jobs and doesn't want to enroll in COBRA due to the high cost. Is anyone familiar with these policies? Do they comply with the ACA regulations? Are the benefits so skimpy that it's a waste of money? Which comp...
by bhsince87
Thu Oct 03, 2019 7:47 pm
Forum: Investing - Theory, News & General
Topic: SPIA and your health
Replies: 25
Views: 2257

Re: SPIA and your health

Something like that shouldn't impact such a decision.

IMO, that's just an infomercial. NPR should be ashamed.
by bhsince87
Tue Oct 01, 2019 3:00 pm
Forum: Personal Consumer Issues
Topic: Non stick pan preference?
Replies: 46
Views: 3314

Re: Non stick pan preference?

I have the Calphalon Classic Set: https://www.bedbathandbeyond.com/store/product/calphalon-reg-classic-trade-nonstick-14-piece-cookware-set/1045500459 From the website: "We do NOT use Teflon in any of our products. The Calphalon Classic Nonstick 14-Piece Cookware Set is made with two layers of PFOA...
by bhsince87
Tue Oct 01, 2019 12:11 pm
Forum: Personal Consumer Issues
Topic: AA batteries (in a blood pressure monitor for example)
Replies: 39
Views: 2316

Re: AA batteries (in a blood pressure monitor for example)

My local battery expert has recommended: 1) Duracell last the longest and leak the least. 2) Energizer - they leak. 3) Best value is Kirkland (Costco). (I have personally found that these leak almost as much as Energizers. Still, the price is good.) My own experience says that Eneloop rechargeables...
by bhsince87
Mon Sep 30, 2019 10:47 pm
Forum: Personal Consumer Issues
Topic: Non stick pan preference?
Replies: 46
Views: 3314

Re: Non stick pan preference?

There are no known dangers from teflon coated pans unless they are heated above about 600 degrees F. And even in that case, there is no link to long term health impacts. Just temporary symptoms. There IS a danger from some of the chemicals used in making teflon, and that is probably where some of th...
by bhsince87
Mon Sep 30, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE ACA Questions
Replies: 8
Views: 687

Re: FIRE ACA Questions

I'm starting to think about retiring, but medical costs will chip away, and some of the modeling I'm doing does show some problems in the 1-5% historical outcomes. I have just a few questions regarding retiring early and ACA. 1. Let's say you have high net worth, and put most taxable income in Tax ...
by bhsince87
Fri Sep 27, 2019 7:43 pm
Forum: Personal Consumer Issues
Topic: Do you wash berries?
Replies: 71
Views: 4137

Re: Do you wash berries?

Always! Even wild ones I pick myself. First, I live in a major fruit growing area. I've picked fruit as a job. Let's just say the hygiene habits of many of the folks who pick them aren't always the greatest. Many fruits get a chlorine bath before they're shipped to the store, and that helps. But the...
by bhsince87
Thu Sep 26, 2019 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Half of Retirees Afraid to Use Savings
Replies: 111
Views: 12090

Re: Half of Retirees Afraid to Use Savings

Oh lord, afraid, hesitant... scared to death! Of 1929, 2008 Germany in the 1930s and 1970s inflation. I'm retired less than a year and have a pension, spousal SS. I have substantial 403b, IRA and 457 funds. Am not wanting to spend any of it. The thing is, you KNOW when you're going to retire. You K...
by bhsince87
Thu Sep 26, 2019 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Kitces: The Problem with FIREing at 4% and the Need for Flexible Spending Rules
Replies: 274
Views: 20092

Re: Kitces: The Problem with FIREing at 4% and the Need for Flexible Spending Rules

You are assuming that all of the expenses are fixed. For most retirees, that's not the case. Permanently reducing or eliminating fixed (i.e. essential) expenses means that a greater proportion of one's remaining expenses are flexible (i.e. discretionary) and could be reduced if the portfolio suffer...
by bhsince87
Thu Sep 26, 2019 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Half of Retirees Afraid to Use Savings
Replies: 111
Views: 12090

Re: Half of Retirees Afraid to Use Savings

That would be me! :( I've only been retired for 10 months. I'm starting to get more comfortable with the thought, but still.... I retired at 53, wife was planning to retire in July, but her job got extended, possibly until July next year. So that has impacted original plans quite a bit. Original pla...
by bhsince87
Wed Sep 25, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Article on Deferred Annuities on HumbleDoller
Replies: 15
Views: 946

Re: Article on Deferred Annuities on HumbleDoller

I don't understand the benefit of buying a deferred annuity versus just waiting and buying an immediate annuity later.

Is it just peace of mind?
by bhsince87
Sun Sep 22, 2019 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Paying taxes for selling gold coins
Replies: 54
Views: 3106

Re: Paying taxes for selling gold coins

OP: As others have pointed out, you have to pay tax and it is going to be difficult to determine the cost basis. If you do not need the money and if the amount is small relative to your net worth, I suggest that you treat it as jewelry that you parents gave you and do not sell. How do we know it wi...
by bhsince87
Sun Sep 22, 2019 7:59 pm
Forum: Personal Investments
Topic: I am being asked to retire. Am I ready?
Replies: 84
Views: 10381

Re: I am being asked to retire. Am I ready?

You are in good shape. Take the money and run! For point of reference, I retired Jan 1 2019 at age 53. DW was 51. We had about $3 million investable assets, no debt, $400k house. So not too far off from you. I got a $200k package for leaving then. One major difference is we have no kids, so we have ...
by bhsince87
Sun Sep 22, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Paying taxes for selling gold coins
Replies: 54
Views: 3106

Re: Paying taxes for selling gold coins

I don't think there will be a clear answer on this one. It's amazingly complex. Gold coins themselves are complicated enough from a tax perspective. Adding the foreign gift aspect makes it even less clear. That being said, I know plenty of people who don't report gold transactions (or barter transac...
by bhsince87
Sat Sep 21, 2019 1:35 pm
Forum: Personal Consumer Issues
Topic: live close to construction, air purifier recommendation?
Replies: 23
Views: 1554

Re: live close to construction, air purifier recommendation?

Those are more or less worthless if needed for something other than a bathroom-sized room. Take a look at something like this: https://winixamerica.com/product/5500-2/ Costco often has them on sale. I am also a fan of the Winix filters. We have cats and massive pollen issues, and have allergies. Cu...
by bhsince87
Sat Sep 21, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Tax avoidance and estate planning ‘for the rich’?
Replies: 61
Views: 6182

Re: Tax avoidance and estate planning ‘for the rich’?

Our accountant made that simple delineation awhile ago in terms of what she calls "W2 income" v some of the other methods described in this topic. It is helpful to keep in mind that this is rare air for the vast majority of taxpayers. Aside from the mythical filthy rich, there are a lot of Boglehea...
by bhsince87
Wed Sep 18, 2019 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Tax avoidance and estate planning ‘for the rich’?
Replies: 61
Views: 6182

Re: Tax avoidance and estate planning ‘for the rich’?

BillWalters wrote:
Wed Sep 18, 2019 10:01 pm
Mitt Romney has a $100 million Roth.

Carried interest is an absolute joke.
Not true. It's been discussed here before.

He or his heirs will be paying significant taxes on it when withdrawals are made. It was actually a questionable financial decision on his part.
by bhsince87
Wed Sep 18, 2019 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Tax avoidance and estate planning ‘for the rich’?
Replies: 61
Views: 6182

Re: Tax avoidance and estate planning ‘for the rich’?

I'm trying to follow the story on Jeffrey Epstein's $500M+ estate and why it seems like he won't pay any federal estate taxes. I think it might have something to do with a trust on US Virgin Islands. Supposedly, he actually made his fortune by being a tax-avoidance expert for the super wealthy. May...
by bhsince87
Wed Sep 18, 2019 6:27 pm
Forum: Personal Investments
Topic: Downsides to leaving fixed-income allocation in cash?
Replies: 68
Views: 4297

Re: Downsides to leaving fixed-income allocation in cash?

I was 90/10 with the 10 in Prime for about 25 years. It worked for me, but I realize I might have short changed myself a bit. One downside is you might miss potential capital gains if interest rates fall. A few years ago, I stopped buying bond funds and switched entirely to CDs for new investment. I...
by bhsince87
Mon Sep 16, 2019 10:10 pm
Forum: Personal Consumer Issues
Topic: Anyonw driving Uber for fun and pocket money in retirement?
Replies: 111
Views: 11010

Re: Anyonw driving Uber for fun and pocket money in retirement?

Seems to me that driving drunk people around and keeping them from endangering other people is a public service itself.

If you can make some money from it, even better.
by bhsince87
Mon Sep 16, 2019 2:23 pm
Forum: Investing - Theory, News & General
Topic: Is the 60/40 portfolio allocation strategy being killed?
Replies: 116
Views: 10267

Re: Is the 60/40 portfolio allocation strategy being killed?

This commentary from John Mauldin And stop reading John Mauldin. That guy's track record is horrendous. How many failed predictions does a person have to make before people stop taking him seriously? I used to be a regular reader, but I gave up on him years ago. I even have a few of his books. I th...
by bhsince87
Sun Sep 15, 2019 11:08 pm
Forum: Investing - Theory, News & General
Topic: 5% Withdrawal Rate Recommended by US News Columnist
Replies: 141
Views: 11616

Re: 5% Withdrawal Rate Recommended by US News Columnist

I guess if you like working going with a low SWR is fine. Although I liked my field and certain aspects of my work, a lot of it I didn't. I cannot imagine gearing my planning for the absolute worst case scenarios. Frankly, anyone at age 35 can be hit by a driver without insurance and be made a quad...
by bhsince87
Sun Sep 15, 2019 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: I know you shouldn't try to time the market but what about the "housing market"?
Replies: 16
Views: 2158

Re: I know you shouldn't try to time the market but what about the "housing market"?

IMO, timing the market for individual purchases like a house, rental property, and possibly some individual stocks is OK. It's been very good to me over the last 30+ years.

Trying to time the general market like an index fund is where the adage makes more sense.
by bhsince87
Sun Sep 15, 2019 5:27 pm
Forum: Investing - Theory, News & General
Topic: Oil price going to a $100-- time to change your asset allocation??
Replies: 86
Views: 8311

Re: Oil price going to a $100-- time to change your asset allocation??

One HUGE problem with that chart is that the "facts on the ground" have changed significantly over the last few decades. It looks like oil only became a " recession predicter" in the 1960's and 70's. This is when the US became highly reliant on foreign oil. So any time the oil price surged, it was a...
by bhsince87
Wed Sep 11, 2019 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: FMLA (or Other) Leaves Potential Negative Impact?
Replies: 17
Views: 1895

Re: FMLA (or Other) Leaves Potential Negative Impact?

I don't think there is any standard answer for this. At my previous employer, it came down to a department level decision. A coworker in another department who sat next to me took 10 weeks off after her husband hand a cancerous mole removed from his arm. I never saw any negative repercussions for th...
by bhsince87
Wed Sep 11, 2019 8:39 pm
Forum: Investing - Theory, News & General
Topic: How and where to invest for a 92-year-old?
Replies: 20
Views: 1572

Re: How and where to invest for a 92-year-old?

You need to consult an attorney who specializes in elder law. A trust might be the best bet. This isn't an investment issue.
by bhsince87
Wed Sep 11, 2019 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Kitces: The Problem with FIREing at 4% and the Need for Flexible Spending Rules
Replies: 274
Views: 20092

Re: Kitces: The Problem with FIREing at 4% and the Need for Flexible Spending Rules

If you want to be as assured as you can that you will never have to reduce your spending at all, then you should probably consider an inflation-adjusted single premium annuity (although I believe that only one company still offers one that's linked to CPI). That comes with its own set of caveats, b...
by bhsince87
Wed Sep 11, 2019 4:22 pm
Forum: Investing - Theory, News & General
Topic: Day Trading for a Living?
Replies: 44
Views: 3929

Re: Day Trading for a Living?

It's hard to make a profit making trading decisions every few minutes or hours, when you're up against computers making such decisions in nanoseconds.

Back in the late 90's, I told my day trading friends that I was content to be a "years trader". And it worked out much better for me!
by bhsince87
Wed Sep 11, 2019 4:15 pm
Forum: Personal Investments
Topic: Hold Physical Cash if Rates Go Negative?
Replies: 39
Views: 4924

Re: Hold Physical Cash if Rates Go Negative?

Even with negative rates on government bonds in some parts of Europe recently, banks still paid positive interest on personal accounts.
by bhsince87
Wed Sep 11, 2019 4:09 pm
Forum: Investing - Theory, News & General
Topic: “Beating” the market with i bonds
Replies: 30
Views: 3676

Re: “Beating” the market with i bonds

Okay and here is the last point is I bonds I never see mentioned: Your TIPs can lose value if inflation stays steady but interest rates rise (I know not likely the two are very closely correlateD) Imagine you get your tips at 1% with an inflation rate of 2 and then suddenly the inflation rate is st...
by bhsince87
Wed Sep 11, 2019 3:57 pm
Forum: Investing - Theory, News & General
Topic: Baseline income options for early retirees?
Replies: 26
Views: 3087

Re: Baseline income options for early retirees?

Remember that DW can't claim spousal until you claim your benefit. Even if you wait to 70, she will get a reduced about 35% of your PIA (primary Insurance amount) at age 62. This may be the best choice, but she will need to be 8 years younger than you to make the plan work. Dan Hmmm, I was just usi...
by bhsince87
Wed Sep 11, 2019 2:11 pm
Forum: Investing - Theory, News & General
Topic: Baseline income options for early retirees?
Replies: 26
Views: 3087

Re: Baseline income options for early retirees?

I retired at 53 last year and plan to delay SS till 70 (unless things change between now and then). DW will probably claim spousal at 62. I put 20 years of base income needs in short and medium term treasury funds. And I didn't retire until I felt a traditional type SWR of 2.5% would meet our basic ...
by bhsince87
Wed Sep 11, 2019 1:15 pm
Forum: Personal Consumer Issues
Topic: What older products/tools are better than modern equivalents?
Replies: 54
Views: 4038

Re: What older products/tools are better than modern equivalents?

Quite a few types of clothing, like jeans and shoes. Newer ones wear out way too fast.

Fuel cans.

Some types of books.
by bhsince87
Tue Sep 10, 2019 9:22 pm
Forum: Investing - Theory, News & General
Topic: 5% Withdrawal Rate Recommended by US News Columnist
Replies: 141
Views: 11616

Re: 5% Withdrawal Rate Recommended by US News Columnist

I've yet to see the other elephant in the room mentioned in this thread. Even if you retire early, at say age 55, you have less than a 50% likelihood of living long enough to need a 30 year "success rate" with your investments. At age 65, you're down in the 20 year range. I'm basing this on these nu...
by bhsince87
Tue Sep 10, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: In retirement, a $100 monthly expense needs $30,000 in your portfolio
Replies: 68
Views: 7000

Re: In retirement, a $100 monthly expense needs $30,000 in your portfolio

This is why I've concluded that I have to pay-off the mortgage ASAP - before retiring is plausible... I'm always puzzled when someone mentions this. I get the psychological piece - not having a mortgage payment could possibly relieve some stress in retirement when one doesn't have income from a job...