Search found 4061 matches

by munemaker
Wed Apr 24, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: [Retiring before 65: How do you deal with health insurance?]
Replies: 72
Views: 8426

Re: [Retiring before 65: How do you deal with health insurance?]

SteveinVanvcouverWA wrote:
Sun Mar 24, 2019 10:40 pm
I recommend a Direct Primary Care (DPC) practice. Direct Primary Care is a membership in which you get virtually unlimited access to a primary care physician for an affordable monthly fee, typically $50-100 per month.
...
Is this what is known as "concierge medicine?"
by munemaker
Tue Apr 23, 2019 5:22 pm
Forum: Personal Consumer Issues
Topic: Buying a TV
Replies: 32
Views: 1045

Re: Buying a TV

Thegame14 wrote:
Tue Apr 23, 2019 2:26 pm
55 inch is MAX the wife would allow.
+1

In retrospect though, I think she wishes we would have gone with the 65". Her mistake was comparing the 55" with our former 32" tube TV, thinking backward rather than forward.
by munemaker
Tue Apr 23, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: What, if anything, do I owe this guy?
Replies: 74
Views: 6059

Re: What, if anything, do I owe this guy?

I would not meet with him again. If he communicates with you (which he certainly will), just thank him for his efforts and tell him you changed your mind. It he asks why or what you are doing, just tell him you decided to manage your assets yourself and leave it at that.
by munemaker
Tue Apr 23, 2019 11:55 am
Forum: Personal Consumer Issues
Topic: Cheapest place to get a replacement Subaru key
Replies: 7
Views: 821

Re: Cheapest place to get a replacement Subaru key

Not too long ago, I had to have a lost key replaced for my Honda CR*V. I was pleasantly surprised to find out my auto insurer (Nationwide) covered it in full...no deductible or anything. I don't remember exactly what they key cost, but I remember it being somewhere between $50 - $100, and I had it r...
by munemaker
Mon Apr 22, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 436
Views: 29700

Re: How did you feel about your 2018 tax returns?

Since we owed zero federal income tax, felt very good about out 2017 and 2018 returns (I don't mean zero at filing. I mean zero for the tax year.)! That ends in 2019 when we will be doing massive Roth conversions. But I will still feel very good about making large Roth conversions at the lower rate ...
by munemaker
Sat Apr 20, 2019 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14187

Re: In Laws Retirement Nest Egg

wolf359 wrote:
Thu Apr 18, 2019 10:20 am
62 is a normal age to retire in the US.
Not according to the Social Security Administration:

https://www.ssa.gov/oact/progdata/nra.html
by munemaker
Sat Apr 20, 2019 8:36 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 190
Views: 15192

Re: How much do you spend on food per month, per person?

For a retired couple during 1Q/2019:

Dining out: $150/ person / month
Groceries: $150 / person / month

PS: Seemed low compared to others so I ran the numbers for all of 2018:

Dining Out: $170/month
Groceries: $220/month

We stock up on items that are on sale, so our grocery expenses are irregular.
by munemaker
Sat Apr 20, 2019 2:25 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 808
Views: 78626

Re: What frugal thing did you do today?

Was traveling the interstate on the way home from a trip. Scored a free shower at a truck stop, instead of waiting until I got home. There was a movie playing in the truckers' lounge, but I had already seen it. No, I am not, nor ever have been a truck driver.
by munemaker
Wed Apr 17, 2019 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Advice after bicycle accident
Replies: 48
Views: 2693

Re: Insurance Advice after bicycle accident

Maybe this varies locally, but my experience here in PA is both of these are pretty common here...police write tickets for incidents they did not witness and liability insurance commonly pays out when no ticket is issued. Our family has experience in both of these areas. Indeed seems to be dependin...
by munemaker
Wed Apr 17, 2019 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Advice after bicycle accident
Replies: 48
Views: 2693

Re: Insurance Advice after bicycle accident

Yes. The other cyclist, who is presumably a driver, should be covered under her automobile policy for liability. Surprising to me. Did not know "auto" insurance covered bicycling. It may depend on where you live. Years ago, my son was bicycling to a summer job. He was riding through town on a sidew...
by munemaker
Wed Apr 17, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Advice after bicycle accident
Replies: 48
Views: 2693

Re: Insurance Advice after bicycle accident

It is somewhat rare for a police officer to write a ticket for an incident they did not witness, and it is somewhat common for auto (liability) insurance to pay out when no ticket was issued. Maybe this varies locally, but my experience here in PA is both of these are pretty common here...police wr...
by munemaker
Wed Apr 17, 2019 11:46 am
Forum: Investing - Theory, News & General
Topic: VHT / XBI / XLV holders (healthcare)
Replies: 26
Views: 1478

Re: Vanguard Health Care ETF

This would be pure speculation. No one knows what, if anything, will happen.
by munemaker
Tue Apr 16, 2019 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14187

Re: In Laws Retirement Nest Egg

Unlike most responses, I can understand your concern. He could keep working but decides to retire early. His assets may be enough if everything goes well, but with health problems, there is not much cushion. You are concerned because he could keep working and have a little cushion, or quit working e...
by munemaker
Tue Apr 16, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 5962

Re: What defines "income" on a retiree's credit card application?

...why would you ever need to apply for a credit card in retirement? I have never heard of this. A retiree applying for a credit card is about as common as anyone else applying for a credit card. What's the premise for your question? Do you think people in retirement should only pay cash, or are so...
by munemaker
Tue Apr 16, 2019 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 5962

Re: What defines "income" on a retiree's credit card application?

Ask the credit card issuer how they define income. Why don’t you just call the credit card company and ask them? I doubt if the front line customer service people could speak knowledgeably on the subject. Just look at Flobes post as an example. Anyway, I wanted to hear what others do. There does se...
by munemaker
Tue Apr 16, 2019 3:46 pm
Forum: Investing - Theory, News & General
Topic: Stocks will return about 4% annually over the next decade or so rather than the 10% average annual returns - John Bogle
Replies: 104
Views: 13295

Re: Stocks will return about 4% annually over the next decade or so rather than the 10% average annual returns - John Bo

alex123711 wrote:
Sat Apr 13, 2019 9:20 pm
Stocks will return about 4% annually over the next decade or so rather than the 10% average annual returns of recent decades.
"Nobody knows nuttin'."
alex123711 wrote:
Sat Apr 13, 2019 9:20 pm
What to do in this situation? He also mentions he thinks international returns will be even lower.
Stay the course.
by munemaker
Tue Apr 16, 2019 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Parents added siblings and I to house title, possible to undo without negative consequences?
Replies: 37
Views: 1566

Re: Parents added siblings and I to house title, possible to undo without negative consequences?

I think if you are on the title, if/when you inherit the house on the second parent's passing your basis will be the date you were added. Are you sure about that? Since the parents' names are still on the title, wouldn't the basis for the parents' share of ownership go back to when they bought the ...
by munemaker
Tue Apr 16, 2019 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 679
Views: 203870

Re: Retiree Portfolio Model

Is anyone aware of why/how come RPM reports a marginal tax rate of 24% (which is correct) in the Simple Tax Calculator section, but then in the bar chart to the left, it's showing 35% marginal for the same year? I cannot figure out where any additional income is being pulled from. The chart under "...
by munemaker
Tue Apr 16, 2019 12:27 pm
Forum: Investing - Theory, News & General
Topic: Why does the stock market go up in the long term?
Replies: 62
Views: 4455

Re: Why does the stock market go up in the long term?

Everyone says: the stock market will always go up in the long term. Why is that the case? The stock market goes up over the long term because of overall economic growth. You never see a public company whose goal is to just maintain the existing level of sales. They all want to grow! So as companies...
by munemaker
Tue Apr 16, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 5962

Re: What defines "income" on a retiree's credit card application?

It seems to me that what you report on your 1040 is a defensible answer to the question, no matter the sources of "income." Including Roth conversions (which are part of AGI)? In what way is that not income? The IRS definitely considers Roth conversions as income. The reason I questioned it is, Rot...
by munemaker
Tue Apr 16, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 5962

Re: What defines "income" on a retiree's credit card application?

They often ask for income not taxable income. If you have investments there are typically capital gains (whether they are realized or not). Taxable income, from a tax return, may not be an indicator at all when you consider the exemption of muni bond interest etc. Agreed with all but unrealized cap...
by munemaker
Tue Apr 16, 2019 11:17 am
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 5962

Re: What defines "income" on a retiree's credit card application?

Why not just get a debit card? For someone who pays their card balance every month, a debit card would be fine. Poor fraud protection. I keep mine (Capital One 360) "locked" in their app and only unlock it to use the ATM. I also leave it physically locked up at home except when using it for ATM.
by munemaker
Tue Apr 16, 2019 9:02 am
Forum: Investing - Theory, News & General
Topic: What is your one favorite fixed income for retirement?
Replies: 45
Views: 5336

Re: What is your one favorite fixed income for retirement?

I like (bank or brokered) CDs and Vanguard Prime MMF (VMMXX) for money we will need in the next 5 years, due to safety of principal.
by munemaker
Tue Apr 16, 2019 7:28 am
Forum: Personal Finance (Not Investing)
Topic: $29 collections notice
Replies: 31
Views: 2779

Re: $29 collections notice

drivera5 wrote:
Mon Apr 15, 2019 12:21 pm
Hi- I received a $29 notice from a collections agency that relates to some labwork.
Amazing to me that someone would chase you down for $29.
by munemaker
Mon Apr 15, 2019 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 5962

Re: What defines "income" on a retiree's credit card application?

I usually just put 100,000$ Or maybe sometimes I put 200,000. I figure my real income is none of their business and I am giving an underestimation. What about using your expenses? Your income exceeds that. Or the amount you deposit into your bank account each year? As long as you are not being frau...
by munemaker
Mon Apr 15, 2019 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 5962

Re: What defines "income" on a retiree's credit card application?

Chicago60 wrote:
Mon Apr 15, 2019 6:26 pm
It seems to me that what you report on your 1040 is a defensible answer to the question, no matter the sources of "income."
Including Roth conversions (which are part of AGI)?
by munemaker
Mon Apr 15, 2019 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Determining Cost of Living
Replies: 21
Views: 730

Re: Determining Cost of Living

Hi there, I see a lot of posts with references to VHCOL, HCOL, LCOL, etc. Is there a reference that most people are using to determine the cost of living? Or is this mostly self determined? The reason I ask is because it seems that a lot of people say they are in a VHCOL or HCOL. And I wonder if it...
by munemaker
Mon Apr 15, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 5962

Re: What defines "income" on a retiree's credit card application?

Thanks everyone for the input.

Looks like almost anything goes.

And I guess if the bank asks for income verification, one can just ignore their request and life goes on.
by munemaker
Mon Apr 15, 2019 10:49 am
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 5962

Re: What defines "income" on a retiree's credit card application?

1) (Modified) adjusted gross income on my 1040: This would have been very, very low during the past few years when I was on ObamaCare. Now I am doing large (150k+/year) Roth conversions for the next 5 years, so MAGI would be respectable. This approach really does not seem right though, because doin...
by munemaker
Mon Apr 15, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 5962

Re: What defines "income" on a retiree's credit card application?

I use MAGI from last tax return. But there are no real rules. I've gotten a lot of cards over the years and have never been asked for income verification. Granted some places do ask, like PenFed. I have also gotten a lot of credit cards over the years and never been asked for income verification, n...
by munemaker
Mon Apr 15, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 5962

What defines "income" on a retiree's credit card application?

OK, I had a good 6 digit income before I retired a couple years ago. I deferred social security and have an almost negligible pension (no inflation adjustment) from a job I worked decades ago. I am essentially living off of my investments. I was in a hurry to take advantage of a CC application a whi...
by munemaker
Mon Apr 15, 2019 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Calculating cost basis of Express Scripts in Cigna merger
Replies: 55
Views: 14277

Re: Calculating cost basis of Express Scripts in Cigna merger

spitty wrote:
Mon Apr 15, 2019 6:25 am
in 2012 our accountant said MEDCO shares were "free" so cost basis was zero.
The cash boot on these deals has a zero basis. The new stock has a basis based on the deal. Not that difficult to understand.
by munemaker
Mon Apr 15, 2019 7:20 am
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 436
Views: 29700

Re: [2018 tax return - How does it compare to previous years?]

I finally live the Warren Buffet’s dream . For the uninitiated, what is "Warren Buffet's dream?" I thought at one point he said he wasn’t tax enough. Undertaxed. Aka he wants to pay more tax. I don't think it is that he wants to pay more tax. He could just do this by making a contribution to the US...
by munemaker
Sun Apr 14, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 436
Views: 29700

Re: [2018 tax return - How does it compare to previous years?]

DrGoogle2017 wrote:
Sun Apr 14, 2019 6:47 pm
I finally live the Warren Buffet’s dream .
For the uninitiated, what is "Warren Buffet's dream?"
by munemaker
Sun Apr 14, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 436
Views: 29700

Re: [2018 tax return - How does it compare to previous years?]

Here are some quotes/ statistics from a new CNN article on the new tax law: The vast majority of American tax filers -- more than 65% -- will see their overall tax burden decrease by at least $100, according to the congressional Joint Committee on Taxation. Slightly less than 30% of filers will see ...
by munemaker
Fri Apr 12, 2019 6:13 am
Forum: Personal Consumer Issues
Topic: supplemental dental& vision insurance plans
Replies: 12
Views: 865

Re: supplemental dental& vision insurance plans

My long term dentist would not accept the (light) dental coverage on my Medicare Advantage plan, so I gave her the heave-ho and am now going to one who does. I hated to do switch dentists, but her policy made it uneconomical for me to stay with her. Buying individual dental plans doesn't make any se...
by munemaker
Thu Apr 11, 2019 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 679
Views: 203870

Re: Retiree Portfolio Model

We have no problems using the IORP or RPM. It did take some time to work with the RPM to understand the inputs and the very helpful outputs. In our case It was well worth the time to get the RPM up and running - great insight on how to maximize spendable money in retirement.. +1 I agree completely.
by munemaker
Thu Apr 11, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 679
Views: 203870

Re: Retiree Portfolio Model

Question on how RPM calculates the WITHDRAWAL RATE: The Withdrawal Rate is shown on the Results page. The Taxable Account income is being adjusted by the taxable account adjustment factor set on the Setup page, not the tax rate. So the withdrawal rate calculation is including the portion of the tax...
by munemaker
Wed Apr 10, 2019 8:35 pm
Forum: Personal Consumer Issues
Topic: About to buy a 2019 Mazda CX-5. To turbo or not to turbo...
Replies: 72
Views: 4274

Re: About to buy a 2019 Mazda CX-5. To turbo or not to turbo...

You'll need to run higher octane in a turbo engine. Not sure where you got that idea. The CX-5 turbo has HP ratings for regular (227 HP) and premium (250 HP) fuel, and you are free to use either. From MOTOR TREND magazine review: To the delight of lead-footed enthusiasts everywhere, the 2019 Mazda ...
by munemaker
Wed Apr 10, 2019 8:31 pm
Forum: Personal Investments
Topic: Does a company 401k need a financial planner?
Replies: 32
Views: 1970

Re: Does a company 401k need a financial planner?

I am retired now, but when employed, the company that managed our 401k provided a certified financial planner (no extra charge) for the benefit of employees. I met with the guy a couple times and reviewed my composite portfolio with him (including non-401k assets that were not under their management...
by munemaker
Wed Apr 10, 2019 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 679
Views: 203870

Re: Retiree Portfolio Model

Question on how RPM calculates the WITHDRAWAL RATE: To calculate WITHDRAWAL RATE, RPM is adding: TAXABLE INCOME (X 1-taxable_tax_rate) + PENSIONS/ANNUITIES/WAGES + SOCIAL SECURITY - LIVING EXPENSES - FEDERAL & STATE TAXES and dividing the sum by ACCOUNT BALANCE AT START OF YEAR. So my question is: b...
by munemaker
Wed Apr 10, 2019 7:15 pm
Forum: Personal Investments
Topic: Virginia 529 plan options
Replies: 3
Views: 213

Re: Virginia 529 plan options

Want to open 529 plan for new grandchild. Will gift it to parents who reside in Virginia and they can get open account and get VA tax deduction. One option is Vanguard Total Stock mutual with expense ratio of 12 basis points. Thank you. My son lives in VA and I live in PA. My son opened a VA 529 fo...
by munemaker
Tue Apr 09, 2019 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating cost basis of Express Scripts in Cigna merger
Replies: 55
Views: 14277

Re: Calculating cost basis of Express Scripts in Cigna merger

I also have a lingering question about the ESRX to Cigna and cash to boot. The online calculator I used puts 0 cost basis for the cash to boot and all of the ESRX cost basis to the Cigna shares. Logically wouldn't it make sense to proportionally allocate the ESRX cost basis to the cash and to the C...
by munemaker
Mon Apr 08, 2019 2:57 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Are you annually spending in Real or Nominal Terms?
Replies: 63
Views: 3807

Re: Retirees: Are you annually spending in Real or Nominal Terms?

Certainly not me. I don't budget, period. I have no spending target. I buy what I need and want in accordance with my natural frugality. That's us too. We believe that we have more money than we will ever need, barring some sort of catastrophe. I would add though, that we do record our aggregate sp...
by munemaker
Mon Apr 08, 2019 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: best card bonus for $500 in spend in 3 months
Replies: 23
Views: 1944

Re: best card bonus for $500 in spend in 3 months

I'm under 45 and working on rolling the 7th figure for the 3rd time. OK now I have a few questions about this thread. Why do you care about $150? Believe me I have tapped the other cards with the $500 bonus a few times. The wife and I flip flop. This time I didn't want to go through changing my aut...
by munemaker
Sun Apr 07, 2019 9:39 pm
Forum: Personal Investments
Topic: International under-performance
Replies: 204
Views: 11673

Re: International under-performance

Every dog has his day.
by munemaker
Sun Apr 07, 2019 8:44 pm
Forum: Personal Consumer Issues
Topic: Travel Health Insurance for Peru
Replies: 12
Views: 866

Re: Travel Health Insurance for Peru

I believe the Marriott credit card offers free travel insurance if you charge your trip on the card. Also, before traveling to the Dominican Republic recently, I called my Medicare Advantage provider. They said if I had any health problems, to pay out-of-pocket and they would process the bills as in...
by munemaker
Sun Apr 07, 2019 7:57 pm
Forum: Personal Consumer Issues
Topic: fun car advice
Replies: 125
Views: 7932

Re: fun car advice

At some point if a vehicle doesn't have certain safety features, they won't be allowed on the roads. Maybe some day, but not during my lifetime. So the government is just going to demand people scrap their non self driving cars? I really doubt that. I don't even see self driving cars becoming popul...
by munemaker
Sun Apr 07, 2019 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: best card bonus for $500 in spend in 3 months
Replies: 23
Views: 1944

Re: best card bonus for $500 in spend in 3 months

Capital one savor is giving $500 for $3k in spend over 3 months. This is the one I am doing now. I just earned the $500 bonus on the Savor card plus an additional $45 in only 2 months! Good deal. Easy $500 tax free. Might have my wife apply so we can score another $545, and then cancel them before ...
by munemaker
Sun Apr 07, 2019 2:34 pm
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 8334

Re: The "dividend preference anomaly"

The preference may go beyond the dividend itself. It may be a preference for more mature, stable companies that may tend to be more value oriented than growth oriented. To the extent that markets are efficient, why should that matter...? Agreed that generally the risk adjusted returns should be sim...