Search found 1813 matches

by HIinvestor
Thu Apr 18, 2019 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: When did you start spending more and saving less?
Replies: 76
Views: 4548

Re: When did you start spending more and saving less?

When our kids were both in college, we felt fortunate when we didn’t have to deplete our savings further. We have been spending more since H retired and it’s just the two of us home. We eat out a lot and travel more. We still live well below our income, so we are quite satisfied that we will be fine.
by HIinvestor
Fri Apr 12, 2019 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: How do 40 year olds decide what they can afford?
Replies: 85
Views: 9497

Re: How do 40 year olds decide what they can afford?

When I was in my 40s I had young kids and private HS and college looming as well as relatively high mortgage and low income. We spent some on travel with our kids and friends but saved as much as we could and aggressively paid down our mortgage. The toys we indulged in were computers for each of us,...
by HIinvestor
Tue Apr 09, 2019 4:27 am
Forum: Personal Finance (Not Investing)
Topic: Costs, Pros, & Cons of CCRC - Continuing Care Retirement Communities - Aging in Place. Pitfalls?
Replies: 26
Views: 4286

Re: Costs, Pros, & Cons of CCRC - Continuing Care Retirement Communities - Aging in Place. Pitfalls?

We have seen both. We have had several loved ones living in CCRCs and seen some “age in place.” There are definitely pros and cons of each, especially as the patients become increasingly frail and need more and more care and resources. CCRCs vary greatly as to cost and quality, whether you pay a sig...
by HIinvestor
Tue Apr 09, 2019 4:07 am
Forum: Investing - Theory, News & General
Topic: Retirees: Are you annually spending in Real or Nominal Terms?
Replies: 63
Views: 3744

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

H retired in mid-2013. We live primarily on his pension. We have other streams of income that we don’t spend but could—real estate rental income, retirement RMDs, dividends and eventually I will get some SSecurity. So far we are mostly happily spending and accumulating. Have not spent down investmen...
by HIinvestor
Tue Apr 09, 2019 3:43 am
Forum: Personal Consumer Issues
Topic: Can you buy a new car with a cashiers check without unfreezing a credit freeze?
Replies: 68
Views: 4052

Re: Can you buy a new car with a cashiers check without unfreezing a credit freeze?

We bought a new car in December. The dealer allowed me to put $5000 on a 2.5% cashback Visa CCard and I paid the balance via personal check when I picked up the car. H and I both have credit frozen. We never completed any loan applications nor unfroze credit nor did wire transfer nor cashier’s check...
by HIinvestor
Sat Mar 16, 2019 10:10 pm
Forum: Personal Consumer Issues
Topic: Age for starting kindergarten
Replies: 61
Views: 3656

Re: Age for starting kindergarten

Our kids were both born in Nov. we had to figure out whether to let them to to K before or after they had turned 5. They were 2 years, 5 days apart. The pediatrician, preschool teachers and preschool director all recommended we give the kids an extra year of preschool, so we did for both. They were ...
by HIinvestor
Wed Mar 13, 2019 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Any credit cards that can beat the Citi doublecash?
Replies: 64
Views: 6308

Re: Any credit cards that can beat the Citi doublecash?

Our main card is USAA 2.5% cashback, provided you have at least $1,000/month direct deposit. There is no annual fee. My dad served in the military.
by HIinvestor
Wed Mar 13, 2019 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Bright daughter wants to work for nonprofit
Replies: 103
Views: 7768

Re: Bright daughter wants to work for nonprofit

As long as your progeny’s income can support her lifestyle, sounds like things are working out. Nonprofits range greatly between insurance companies and medical centers where top management make 6-7 figure incomes to small ones who have barely enough to pay annual fees with the Dept of Commerce to s...
by HIinvestor
Tue Mar 05, 2019 12:46 pm
Forum: Personal Consumer Issues
Topic: Selling Car
Replies: 46
Views: 2007

Re: Selling Car

Ymmv, of course but we mentioned to our mechanic and that we were selling our car because we were buying a new one. He told his niece and she was thrilled to buy it at the price the dealer was offering us (we were buying a new car). We were happy and she was thrilled to get a reliable car at a very ...
by HIinvestor
Tue Mar 05, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Good options for personal and business credit card?
Replies: 27
Views: 1718

Re: Good options for personal and business credit card?

I’d opt for Chase Sapphire—preferred or reserve for business. You get points that you can use for any airline or hotel program. They often have a signing bonus of 50-70,000 points as well. For personal, I’d recommend USAA 2.5% cashback, if you qualify. If you don’t, there is Citi doublecash MasterCa...
by HIinvestor
Tue Mar 05, 2019 4:17 am
Forum: Personal Consumer Issues
Topic: Why do you live where you live?
Replies: 134
Views: 8499

Re: Why do you live where you live?

Well my folks and all my siblings live in my home state. It has very moderate temperatures and I get hives from being too hot or cold (seriously—weird but true). My H has no intention of ever moving from our home island or indeed our house. We have a great neighborhood and our kids love to visit and...
by HIinvestor
Tue Mar 05, 2019 4:02 am
Forum: Personal Consumer Issues
Topic: Where to find inexpensive unlocked phone
Replies: 56
Views: 3536

Re: Where to find inexpensive unlocked phone

Wow @DarthEnol, that’s a good price! Tempting!
by HIinvestor
Sun Mar 03, 2019 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Value of Vacation Experiences with Big Fam & Young Kids
Replies: 75
Views: 4292

Re: Value of Vacation Experiences with Big Fam & Young Kids

We started taking our kids on 5+ hour plane rides from the time they were 6 months old. We went most years, sometimes twice or more a Year. It wasn’t so much specific places for the kids, it was being together and exploring different things together, as well as seeing loved ones who didn’t live near...
by HIinvestor
Sun Mar 03, 2019 9:20 pm
Forum: Personal Consumer Issues
Topic: Luggage Carry On 22" long x 14" wide x 9" tall
Replies: 24
Views: 1749

Re: Luggage Carry On 22" long x 14" wide x 9" tall

You have to make some choices once you’ve decided you’re going to replace the bag—wheels or none? Spinner or 2 wheel? We have two styles of 2-wheeled bags: delsey helium and Briggs & Riley 22” roller suitcase. We’ve had many years of excellent trips with both. The Briggs & Riley was at Costco on cle...
by HIinvestor
Sat Mar 02, 2019 2:07 am
Forum: Personal Consumer Issues
Topic: Tired of gas grills rusting out...
Replies: 99
Views: 11159

Re: Tired of gas grills rusting out...

Our ceramic Komodo smoker is older than I am and is still producing excellent smoked dishes. It is finally starting to need a bit of TLC but many decades will eventually catch up with any product. As a half dozen posters and I agree, it makes excellent meats and other grilled foods and doesn’t rust.
by HIinvestor
Sat Mar 02, 2019 1:57 am
Forum: Personal Finance (Not Investing)
Topic: BH could you live off your SS benefit?
Replies: 141
Views: 7103

Re: BH could you live off your SS benefit?

My SS will likely be fairly modest, even if I wait until I’m 70 to claim it. I will likely wait because I will likely live another few decades and would like it as longevity insurance. If I’m lucky, it will cover my Medicare premiums, maybe H’s and if we are really lucky, maybe our medical insurance...
by HIinvestor
Sat Mar 02, 2019 1:34 am
Forum: Personal Consumer Issues
Topic: Help negotiating a Federal position
Replies: 43
Views: 1879

Re: Help negotiating a Federal position

My H was a 45 year fed employee. We have been thrilled with his medical benefits while he was employed and since he’s been retired. Premiums are partly paid by the fed govt—from the time he started until the rest of his and my life. There are a nice variety of policies to choose among every year and...
by HIinvestor
Fri Mar 01, 2019 12:48 pm
Forum: Personal Consumer Issues
Topic: Priority boarding - Why?
Replies: 147
Views: 8093

Re: Priority boarding - Why?

I must be on more courteous flights. I have been on several where folks waited and let those making/missing tight connections deplane 1st. I am pre-boarded because I have lots of medical gear and airlines and I like me to get settled before the rush. I’m always at a window so I don’t trap or trip an...
by HIinvestor
Fri Mar 01, 2019 3:04 am
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway buys Whole Life Insurance Policies?
Replies: 17
Views: 1978

Re: Berkshire Hathaway buys Whole Life Insurance Policies?

That White Coat Investor article was very helpful. I would have to say that predicting deaths is a very dicey business. That’s why you would need a sufficient number of policies to mitigate the risk. For example, I just spoke to a friend. She was mourning the death of her husband—he had been told by...
by HIinvestor
Wed Feb 27, 2019 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare choices
Replies: 82
Views: 5330

Re: Medicare choices

I’d carefully read all the plans you’re considering, including the five print. One of the problems with original Medicare is that there is NO limit on out of pocket expenses, so with an expensive hospitalization or regular treatments that can run into a lot of money. Other plans may have some sort o...
by HIinvestor
Wed Feb 27, 2019 5:36 pm
Forum: Personal Consumer Issues
Topic: Financial solicitation by my doctor
Replies: 71
Views: 8080

Re: Financial solicitation by my doctor

I get some solicitation materials from various med centers where I’ve gotten treatment but none personalized to zero in on my provider. I would be a bit uncomfortable too. It’s orobabky the center’s way of hoping to increase donations via “personalization” and nothing your md has control over.
by HIinvestor
Tue Feb 26, 2019 10:02 pm
Forum: Personal Consumer Issues
Topic: Can solar be worth it??
Replies: 77
Views: 6904

Re: Can solar be worth it??

Our rates for electricity are north of $.33 KWh, so higher the others are quoting. With that and the state+Fed rebate = 65% of the cost of our 9 panels so our our net cost was $4k or so, it seemed reasonable to us. We get sun most of the year.
by HIinvestor
Tue Feb 26, 2019 12:51 pm
Forum: Personal Consumer Issues
Topic: How often do you and your friends change engine oil?
Replies: 167
Views: 7966

Re: How often do you and your friends change engine oil?

Well our brand new Prius is due back at dealer in May for the “free” 5000 mile oil change. Not sure whether we will have driven a full 5000 miles by then but may be a bit short or over. They provide oil changes for first 2 years.
by HIinvestor
Tue Feb 26, 2019 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: If you currently or are planning to spend over $120k/year in retirement, what is your projected budget?
Replies: 196
Views: 14443

Re: If you are currently or planning to spend over $120k/year in retirement, what is your projected budget?

Agree that travel and financially assisting loved ones can take up a huge chunk of money. Dining out often in a VHCOL area also takes up a lot of $$$$.

Everything in VHCOL just costs more as well. That’s what makes it VHCOL! When you have visitors, that also adds to costs.
by HIinvestor
Sat Feb 23, 2019 12:36 am
Forum: Personal Consumer Issues
Topic: Can solar be worth it??
Replies: 77
Views: 6904

Re: Can solar be worth it??

We got solar because the fed govt was giving a 35% rebate on the system cost and our state was giving 30%, so total 65% discount. We are happy because it protects us from the highest energy rates in the US. We recently bought a plug in hybrid electric car and rarely ever need to buy gas. :-)
by HIinvestor
Sat Feb 23, 2019 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 600
Views: 47076

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

We can all only guess as best we can. We had assumed that our income and tax rate would be lower in retirement than when H was working but fortunately we were wrong. We still contributed as much as we could to tax deferred and advantaged accounts. We were able to roll a nice sum into a Roth IRA when...
by HIinvestor
Fri Feb 22, 2019 1:07 am
Forum: Personal Consumer Issues
Topic: Do you tip the guys at Home Depot?
Replies: 80
Views: 5021

Re: Do you tip the guys at Home Depot?

Our state of HI has raised minimum wage to $10+ per hour and I believe it’s going up again.
by HIinvestor
Fri Feb 22, 2019 12:45 am
Forum: Personal Investments
Topic: Charitable Gift Annuities anyone???
Replies: 5
Views: 549

Re: Charitable Gift Annuities anyone???

An example is, supposed you donate $10,000 to charity x. They agree to pay you $750/yr for life and your CPA calculates the current value of that income stream at $5000, so your deductible tax amount would be $5000. Of course you have to see whether you can even deduct whatever the tax deductible am...
by HIinvestor
Wed Feb 20, 2019 4:25 am
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 6915

Re: High earners: thoughts on college and aid

There are Us that do not require FAFSA or any financial info to be considered for or awarded merit aid. Our Sconly applied to such Us. We figured we would not receive any FAid so we never applied, even though we earned considerably less than the amount you’re talking about. We preferred not to share...
by HIinvestor
Mon Feb 18, 2019 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Extended Warranties
Replies: 48
Views: 2205

Re: Auto Extended Warranties

I have bought extended warranties on our current car and two of my prior cars. The two prior cars needed the transmission repaired under warranty, just before the warranty expired. The new car got us 10 year, 100,000 mile warranty for $2007. We are very concerned that our new car that is a hybrid wi...
by HIinvestor
Mon Feb 18, 2019 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 6915

Re: High earners: thoughts on college and aid

It can be useful to be able to pay in monthly installments instead of a huge lump sum every term--for our kids' U, it was only a small extra charge to be able to have installment payments and allowed us to pay out of salary instead of taking out huge loans. Double-check with your kid's U as to wheth...
by HIinvestor
Thu Feb 14, 2019 6:27 pm
Forum: Personal Consumer Issues
Topic: Car rental - full size vs premium
Replies: 15
Views: 1459

Re: Car rental - full size vs premium

I agree that it varies by location AND rental car company. I'd call the location you're going to be renting from and ask them. We have rented anything from 2nd from smallest through premium, based on price and our needs and have been generally happy.
by HIinvestor
Mon Feb 11, 2019 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: 2 years in community college, then transfer? need opinion please
Replies: 118
Views: 5631

Re: 2 years in community college, then transfer? need opinion please

As was said before, if the student was exemplary and MAY qualify for merit aid, most of the merit money goes to incoming freshmen and very little is given to transfer students. We had one child who got > 50% tuition due to high grades & test scores. He wouldn't have gotten them if he didn't enroll a...
by HIinvestor
Sun Feb 10, 2019 4:19 am
Forum: Personal Finance (Not Investing)
Topic: "Living comfortably in retirement"
Replies: 71
Views: 8971

Re: "Living comfortably in retirement"

For me, living comfortably means knowing I have the means not to be a financial burden to our kids as we age and need increasing assistance to live our daily lives, in addition to paying all our expenses and living at or above the level we enjoyed pre-retirement. Ideally, sufficient funds would come...
by HIinvestor
Sat Feb 09, 2019 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: 2 years in community college, then transfer? need opinion please
Replies: 118
Views: 5631

Re: 2 years in community college, then transfer? need opinion please

Our relative went to CC for 3 semesters and then transferred to an out of state, expensive private U. It saved her and her family those 3 semesters of tuition and all but one of the courses did transfer. She got a degree at a lower price and had a positive experience at her instate community college...
by HIinvestor
Thu Feb 07, 2019 3:13 am
Forum: Personal Consumer Issues
Topic: Gift giving: gift receipts / returns
Replies: 25
Views: 1301

Re: Gift giving: gift receipts / returns

It really is tough choosing gifts for loved ones, especially when we aren’t sure of their tastes and everyone is in a declittering mode. My sister gave me certificates for foot massage and massage but I’m not a fan of either. The gifts she gives me I generally quietly return as they aren’t my taste ...
by HIinvestor
Tue Feb 05, 2019 9:18 pm
Forum: Personal Consumer Issues
Topic: How exactly are eligible deaths determined for term life insurance
Replies: 27
Views: 1797

Re: How exactly are eligible deaths determined for term life insurance

When H was a beneficiary, all he had to do was he or the other beneficiary had to present the death certificate and complete a form and checks were mailed to both beneficiaries. It was pretty straight-forward.
by HIinvestor
Tue Feb 05, 2019 8:46 pm
Forum: Personal Consumer Issues
Topic: Trust vs. Will vs. Estate Planing
Replies: 5
Views: 457

Re: Trust vs. Will vs. Estate Planing

Agree that working with a good estate attorney is well worth it, imho especially for naming a guardian for your kids in the unlikely event that you and your spouse both sadly die prematurely. You can generally get a free quote and a free initial visit so you can choose one who will answer your quest...
by HIinvestor
Sun Feb 03, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care - Keep or cancel?
Replies: 11
Views: 1135

Re: Long Term Care - Keep or cancel?

I can’t find premiums anywhere near the one you have and never was able to. It seems like a good price for peace of mind. I’d keep it if I were you.
by HIinvestor
Sun Feb 03, 2019 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used software to write a Will?
Replies: 66
Views: 4536

Re: Has anyone used software to write a Will?

My local bank gave me names of 2-3 local attorneys who would draw up an estate plan for me and my H for $1000. I asked around and got a referral from a loved one who is corp counsel for a bank and used that attorney to help us draw up everything. He came to our house and he helped walk us through va...
by HIinvestor
Sun Feb 03, 2019 4:35 am
Forum: Personal Finance (Not Investing)
Topic: What do you think are (some of) the best states to live in?
Replies: 144
Views: 13294

Re: What do you think are (some of) the best states to live in?

I think the best places to live are where you have good connections to relatives and loved ones. Weather can make a huge difference, especially if you can only tolerate a fairly narrow temperature range. It’s a good thing folks differ as to what is ideal weather and what trade offs they’re willing t...
by HIinvestor
Sun Feb 03, 2019 1:54 am
Forum: Personal Finance (Not Investing)
Topic: What Percentage of Your Pre-Retirement Income are You Projecting You Will Need?
Replies: 108
Views: 7160

Re: What Percentage of Your Pre-Retirement Income are You Projecting You Will Need?

Our household income has changed significantly throughout our 30+ year marriage. It has also changed in retirement. We did track our expenses for several years pre-retirement and tried to estimate our expenses post retirement. We paid special attention to fixed essential expenses vs discretionary ex...
by HIinvestor
Sat Feb 02, 2019 3:05 am
Forum: Personal Finance (Not Investing)
Topic: How much do you need to live on 200k/ year forever?
Replies: 90
Views: 12448

Re: How much do you need to live on 200k/ year forever?

If you are able to buy an annuity for part of it, that might give you more assurance as to a portion of the payout. You could use you investments for the balance.
by HIinvestor
Sat Feb 02, 2019 1:58 am
Forum: Personal Finance (Not Investing)
Topic: Age discrimination in the medical professions as one gets older?
Replies: 40
Views: 3651

Re: Age discrimination in the medical professions as one gets older?

I have several friends who were nurses at Kaiser from the day they graduated with their RN degree in their early 20s. They fully expected to finish out their careers there but Kaiser corporate nationally changed retirement benefits and if they didn’t leave in a certain window they’d forgo some valua...
by HIinvestor
Fri Feb 01, 2019 8:41 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 798
Views: 77353

Re: What frugal thing did you do today?

Used my forever stamps that went for $.49 apiece to $.55 apiece to mail a flat rate medium sized box to D. Used 26 forever stamps + 5 $.01 stamps. Then went to Costco to buy $55 in forever stamps for $49.75. I’m happy they’re still available at the lower price, even though the cost went up last Sund...
by HIinvestor
Fri Feb 01, 2019 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Were you 100% debt free at retirement
Replies: 163
Views: 10005

Re: Were you 100% debt free at retirement

Yes, we aggressively prepaid on our mortgage so it would be fully paid off before H retired and are very pleased that the mortgage and all the kids’ college expenses were fully paid before H was fully retired. It worked well for us. The interest rate on our mortgage was 5%, which is higher than any ...
by HIinvestor
Thu Jan 31, 2019 3:47 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 798
Views: 77353

Re: What frugal thing did you do today?

Brought my own pot to the restaurant to pick up a takeout food order, so they could put the food in the pot. Made a delicious smoked turkey broth with a smoked turkey carcass then removed bones, added ginger, garlic and squash for a yummy soup. Bought spinach on sale at Costco—2.5 pounds for $4! Als...
by HIinvestor
Wed Jan 30, 2019 1:43 pm
Forum: Personal Consumer Issues
Topic: Which Compact SUV Should I Buy?
Replies: 211
Views: 13279

Re: Which Compact SUV Should I Buy?

My nieces love their Nissan Rogues. Another is pleased with her Suburu Forrester. She got the forrester new for about $25k. S bought an Accura suv for about $20k—it’s a year or two old but otherwise in mint condition.
by HIinvestor
Wed Jan 30, 2019 1:37 pm
Forum: Personal Consumer Issues
Topic: Gift giving: gift receipts / returns
Replies: 25
Views: 1301

Re: Gift giving: gift receipts / returns

Since you are disappointed in the gift, I’d definitely return it now while it can be returned and rethink what you might want to purchase closer to when you will see SIL. It’s very thoughtful of you to get her something and help her celebrate this milestone.
by HIinvestor
Tue Jan 29, 2019 3:17 am
Forum: Investing - Theory, News & General
Topic: An emergency fund cautionary tale
Replies: 89
Views: 10559

Re: An emergency fund cautionary tale

I know we sleep better at night knowing we have liquidity even if our funds aren’t earning the max possible, they’re handy for whatever unexpected emergency may arise. Living paycheck to paycheck is very uncomfortable. I’ve always lived below my means to secure an emergency fund equal to a few month...