Search found 773 matches

by pennywise
Wed Jul 01, 2020 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Helping parents manage retirement accounts, [TIAA 403b]
Replies: 26
Views: 1855

Re: Helping parents manage retirement accounts, [TIAA 403b]

My turn to apologize, I didn't see the response or questions till just now. Here's a bit more of our experiences: 1. TIAA's Advisor recommended portfolio is comprised of roughly 14 different but perhaps overlapping funds/TIAA Trad/TIAA Real Estate. Did you find that Vanguard suggested a similarly co...
by pennywise
Sat Jun 27, 2020 4:19 pm
Forum: Personal Investments
Topic: PAS advisor portfolio [Why did they setup my accounts like this?]
Replies: 186
Views: 8565

Re: PAS advisor portfolio [Why did they setup my accounts like this?]

I may be a backseat driver. But this is my dilemma. I got a PAS portfolio in 2015 and 2018 and just followed that rather than sign up for the service. I panicked. Why did I panic? Because I was following a FORMULA I didn’t understand. I’m trying to UNDERSTAND and agree rather than have someone driv...
by pennywise
Sun Jun 21, 2020 7:57 am
Forum: Personal Investments
Topic: PAS advisor portfolio [Why did they setup my accounts like this?]
Replies: 186
Views: 8565

Re: PAS advisor portfolio

Yes, but I also like to see more than just a balance. I like to see things playing out. I may start out with the two fund idea and maybe eventually change to the balanced fund. It is 60/40 and right now I’m more comfortable with 50/50 My situation is very similar; husband has no interest in investi...
by pennywise
Sat Jun 20, 2020 3:56 pm
Forum: Personal Investments
Topic: Vanguard Personal Advisors Services
Replies: 78
Views: 5160

Re: Vanguard Personal Advisors Services

For the 0.3% fee, we came to understand it does not include active management.  The index-based portfolio lacks daily management, is non-tactical, and can only be rebalanced once a quarter.  Further, we do not believe it is forward-thinking based on the current economic conditions. Whether those ar...
by pennywise
Sat Jun 20, 2020 8:05 am
Forum: Personal Consumer Issues
Topic: Sellers agent not letting me view property without preapproval or "proof of finances"
Replies: 189
Views: 10382

Re: Sellers agent not letting me view property without preapproval or "proof of finances"

Yep, a lot of people have difficulty adjusting to changing times. I wouldnt let anyone come see my house without a pre approval either right now if I were still living there. Buyers with pre approval are actually seriously shopping vs many of the others just wanting to tour a house. Bingo. It is ch...
by pennywise
Fri Jun 19, 2020 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Parents in a tough situation for retirement
Replies: 117
Views: 13315

Re: Parents in a tough situation for retirement

Seems this topic has 'run its course' at least for the OP who has not responded in any way.

I think we are talking to ourselves at this point.
by pennywise
Wed Jun 17, 2020 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Parents in a tough situation for retirement
Replies: 117
Views: 13315

Re: Parents in a tough situation for retirement

Here is the current situation. I've had my parents house under my name for quite some time due to them needing to sell it in order to pull the funds to put into that business in 2018. That money is pretty much all gone so they've been paying the mortgage while the title is still under my name. I've...
by pennywise
Mon Jun 15, 2020 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Helping parents manage retirement accounts, [TIAA 403b]
Replies: 26
Views: 1855

Re: Helping parents manage retirement accounts, [TIAA 403b]

My husband and I retired last year with a somewhat similar mix of retirement investments; we were both college administrators and had our 403b accounts through TIAA. I handle investments and budgets in our marriage; spouse has no involvement other than sitting with eyes glazing over every few months...
by pennywise
Sun Jun 14, 2020 10:09 am
Forum: Investing - Theory, News & General
Topic: Best Current Book on Social Security Strategies?
Replies: 11
Views: 1040

Re: Best Current Book on Social Security Strategies?

Again, thanks to all for the kind advice. One further question. I notice at least one of the recommended books has a copyright of 2016. How important is it to have a very up to date book? In other words, has SS rules changed enough in the last few years to make a 4 year old book obsolete? I was log...
by pennywise
Fri Jun 12, 2020 4:43 pm
Forum: Personal Consumer Issues
Topic: Buying blinds
Replies: 16
Views: 864

Re: Buying blinds

I’ve been very happy with justblinds.com

Have done an entire house and various one off orders through the years, good selection of materials and colors plus excellently priced especially with frequent sales.
by pennywise
Fri Jun 12, 2020 4:43 pm
Forum: Personal Consumer Issues
Topic: Buying blinds
Replies: 16
Views: 864

Re: Buying blinds

I’ve been very happy with justblinds.com

Have done an entire house and various one off orders through the years, good selection of materials and colors plus excellently priced especially with frequent sales.
by pennywise
Wed Jun 10, 2020 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Cash gift from family member
Replies: 12
Views: 710

Re: Cash gift from family member

How much cash can my wife and I receive and deposit from my grandparents without them having to pay a gift tax? Would it be 15k each so 30k total cash deposit? Your grandparents don't pay any gift tax, as others have noted they have to disclose a gift over !5K to be counted against their LIFETIME e...
by pennywise
Tue Jun 09, 2020 8:13 am
Forum: Personal Consumer Issues
Topic: does anyone have a subscription to youtube tv?
Replies: 118
Views: 7422

Re: does anyone have a subscription to youtube tv?

Back into exploration mode. After trying out Hulu + Live TV and needing to add the expanded DVR to eliminate commercials the cost winds up just shy of $80/month. Then adding in the higher cost for internet once I lose a bundling discount I will pay ~$150/month. Since I'm paying $170/month now for UV...
by pennywise
Sun Jun 07, 2020 8:02 am
Forum: Personal Consumer Issues
Topic: Don't pay full price for SiriusXM radio
Replies: 299
Views: 39640

Re: Don't pay full price for SiriusXM radio

My first year subscription is up later this month, so I've got the dreaded phone call scheduled on the calendar. Do I understand correctly this can now be done on the internet but it's two-steps? First, cancel the existing subscription. Then go back in as a "returning subscriber" to sign up for the...
by pennywise
Sat May 30, 2020 7:30 am
Forum: Personal Consumer Issues
Topic: does anyone have a subscription to youtube tv?
Replies: 118
Views: 7422

Re: does anyone have a subscription to youtube tv?

tennisplyr wrote:
Sat May 30, 2020 7:04 am
I have a Samsung smart tv that I bought about 2 years ago, will I need a firestick for it?
If not now, eventually :wink:
by pennywise
Sat May 30, 2020 7:19 am
Forum: Personal Investments
Topic: Is Vanguard's Personal Advisor Service Worth It???
Replies: 138
Views: 10776

Re: Is Vanguard's Personal Advisor Service Worth It???

The financial plan that I have from Vanguard PAS has a glidepath of allocations on the page right before the disclosures start. It looks very similar, if not the same, to the one that Digital Advisor came up with. Our financial plan had one too--but the advisor started moving allocations during the...
by pennywise
Wed May 27, 2020 1:04 pm
Forum: Personal Consumer Issues
Topic: does anyone have a subscription to youtube tv?
Replies: 118
Views: 7422

Re: does anyone have a subscription to youtube tv?

Yes you are missing something. STOP WATCHING LIVE TV! :mrgreen: Seriously, I have no issues whatsoever with channel tuning, because there's no reason to tune channels, basically ever. Record what you want, and watch it from the Home or Library menus. Even things like news programs I record. Then yo...
by pennywise
Wed May 27, 2020 7:34 am
Forum: Personal Consumer Issues
Topic: New TVs with built-in Roku
Replies: 51
Views: 2658

Re: New TVs with built-in Roku

The only problem is that the apps on your smart TV may become not so smart after so many years. I have a higher level Samsung smartTV that has the Netflix, Prime and YouTube apps from new but they just do not work anymore (have updated the TV firmware). They may initially load or not load and if lo...
by pennywise
Tue May 26, 2020 7:45 pm
Forum: Personal Consumer Issues
Topic: does anyone have a subscription to youtube tv?
Replies: 118
Views: 7422

Re: does anyone have a subscription to youtube tv?

The downside of that is that you can't fast-forward through commercials while watch on demand shows. I'm ready to drop my UVerse TV package; the contract's up and I think from what I read Uverse TV is going away and the only cable option they will offer is ATT TV which also locks you into a contrac...
by pennywise
Tue May 26, 2020 1:43 pm
Forum: Personal Consumer Issues
Topic: What will you NOT buy online?
Replies: 94
Views: 6302

Re: What will you NOT buy online?

I already buy my clothes and shoes online. I bought my car online. I’d gladly buy a kidney online if it were available. I don’t get any joy out of going to a store. I outgrew enjoying the mall crawl many years ago too. The vast majority of my shopping is online, happily so. However one exception fo...
by pennywise
Mon May 25, 2020 9:42 am
Forum: Personal Investments
Topic: Is Vanguard's Personal Advisor Service Worth It???
Replies: 138
Views: 10776

Re: Is Vanguard's Personal Advisor Service Worth It???

I don’t want to oversimplify things and make mistakes that way. But it seems to me that saying someone enjoys other things other than messing around with investments COULD be like saying someone enjoys other things other than paying bills. I mean people who are wealthy enough hire people to do that...
by pennywise
Fri May 22, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Renting house to in-laws
Replies: 22
Views: 1668

Re: Renting house to in-laws

I only meant to say that we happen to be in a particular two-year stretch where our other life demands are especially high, so if someone offered me a break from landlording I would be especially inclined to take it, and I could reasonably expect the in-laws to just deal with anything that came up ...
by pennywise
Fri May 22, 2020 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Employer cut 403b contribution to zero
Replies: 86
Views: 6140

Re: Employer cut 403b contribution to zero

It seems one way we can tell this financial crisis is different than those of the past - tenured professors at major universities are now being impacted. The Univ. of Michigan is projecting a $1,000,000,000 loss. That's Billion with a B. This is happening, as you have stated. For example, https://w...
by pennywise
Tue May 19, 2020 7:44 pm
Forum: Personal Consumer Issues
Topic: What is your most luxury/expensive hobby.
Replies: 264
Views: 20251

Re: What is your most luxury/expensive hobby.

What can you spend money on during covid lockdowns? Any sports activities (eg. rafting, skydiving) are out because they require close contact. I'm managing to spend lavishly on my usual vice, Pilates lessons, without going out of my living room since the studio owner is now offering a full slate of...
by pennywise
Sun May 17, 2020 1:56 pm
Forum: Personal Consumer Issues
Topic: How did you feel after giving notice to retire?
Replies: 52
Views: 4438

Re: How did you feel after giving notice to retire?

[ I found that there are two positive feelings that come out of retirement. 1. The obvious one is freedom to do what you want whenever you wish. 2. Lack of stress. Every job has some stress associated with it. Commuting is stressful. Having to be on time can be stressful. Dealing with disagreeable ...
by pennywise
Sun May 17, 2020 7:44 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1952
Views: 211857

Re: [What TV Show Have You Recently Watched?]

We also tried "Schitt's Creek", and absolutely *hated* it. We tried a second episode, but couldn't even finish it. It was one of the worst things we've "tried" to watch in a very long time. I'm with you on this one! I don't think we finished the first episode. Exactly my reaction--until, persuaded ...
by pennywise
Sat May 16, 2020 4:27 pm
Forum: Personal Consumer Issues
Topic: How did you feel after giving notice to retire?
Replies: 52
Views: 4438

Re: How did you feel after giving notice to retire?

I always say that the best way to retire may be to leave a job situation you do not enjoy. I think it is very normal to feel some ambivalence. I worked at the same university for almost 40 years and held the same job the last 25 of those years. For me, a career that had been passionately engaging a...
by pennywise
Sat May 16, 2020 7:37 am
Forum: Personal Investments
Topic: Transfer of 403B at TIAA to Vanguard
Replies: 6
Views: 534

Re: Transfer of 403B at TIAA to Vanguard

All companies resist transfers, but TIAA is famous for things like requiring a certification of terminated employment even to convert to an IRA in house. And each employer can have different rules, that they choose, which can be very paternalistic. My husband and I retired in 2019 and in January I ...
by pennywise
Sun May 10, 2020 8:25 am
Forum: Personal Investments
Topic: College age kid wrecked his car...
Replies: 113
Views: 6242

Re: College age kid wrecked his car...

A quick update for those who kindly offered their perspectives on this. I spent some time with my son tonight and he had gone online and found a very reasonably priced Ford Fiesta under 79,000 mi. priced under $5,000. (I had budgeted $8,000 to $10,000). We'll look at it Monday. . In case you aren't...
by pennywise
Wed May 06, 2020 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: How Do Early Retirees Pay for Medical
Replies: 132
Views: 9966

Re: How Do Early Retirees Pay for Medical

I am 62 and retired a year ago. My previous employer, a university, allows retirees with enough seniority/age combined (ours is rule of 70) to retain our health insurance coverage although retirees pay the full monthly premium which is $831/month this year. The university includes a robust medical s...
by pennywise
Tue May 05, 2020 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Amica vs USAA Insurance
Replies: 27
Views: 1675

Re: Amica vs USAA Insurance

If your only consideration is "cheap," then you should probably look elsewhere for your insurance bundle. You might save a dollar or two. But if you're looking for a solid, highly rated company that has served my family well for over 60 years (only one minor complaint), then consider USAA. +1 We ha...
by pennywise
Tue May 05, 2020 1:12 pm
Forum: Personal Investments
Topic: Tell me what I don't know about retirement?
Replies: 55
Views: 5034

Re: Tell me what I don't know about retirement?

Here's one thing: Medicare doesn't cover dental, vision, prescription drugs and there is no limit to out of pocket expense. After adding a supplement, part D, and IRMAA it really isn't that much less expensive than what I was paying for an individual plan. Really, prescription drugs? I figured dent...
by pennywise
Tue May 05, 2020 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Trying To Determine Monthly SS Increase After FRA
Replies: 6
Views: 608

Re: Trying To Determine Monthly SS Increase After FRA

Have you used the Social Security website to get these calculations? You should be able to see your benefit amounts at FRA and if you defer to 70 years old, and you can also plug in retirement years between those points for an estimate as well. You don't have to do manual calculations, the system sh...
by pennywise
Wed Apr 22, 2020 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Parents want me to pay off their mortgage in exchange for title
Replies: 102
Views: 9362

Re: Parents want me to pay off their mortgage in exchange for title

I think there are two very different issues being debated here: 1. The financial aspects of a proposed sale/arrangement between parents and adult child 2. The decision as to whether and/or how much an adult child should, can and will financially support parents who need ongoing funding It's not surp...
by pennywise
Wed Apr 22, 2020 10:10 am
Forum: Personal Consumer Issues
Topic: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three to
Replies: 131
Views: 6385

Re: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three

Any tall Camry owners here? My husband is 6'5 so I will obviously have him sit/drive any potential new vehicles. He was pleasantly surprised at the space inside a Corolla a couple of years ago when he drove from Miami-DC with our daughter when she moved. So I'm hopeful the Camry will also fit him ok...
by pennywise
Sat Apr 18, 2020 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Please Help Us Get Our Stimulus Payment
Replies: 59
Views: 4767

Re: Please Help Us Get Our Stimulus Payment

I've been getting the same can't-determine-status message till this morning. Message now advises the funds will be direct deposited into our bank account on April 22. That IRS-registered account is where our 2019 refund was already electronically deposited a couple of weeks ago, this is the first ta...
by pennywise
Fri Apr 17, 2020 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Good Time to Buy New Vehicle?
Replies: 7
Views: 900

Re: Good Time to Buy New Vehicle?

Not necessarily, read this thread for why: https://www.bogleheads.org/forum/viewtopic.php?p=5191750 Apologies, somehow missed that discussion which answers my question pretty thoroughly. I'll wait and see how things go. As for the question of why buy a new truck now, the only potential trigger is i...
by pennywise
Fri Apr 17, 2020 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Good Time to Buy New Vehicle?
Replies: 7
Views: 900

Good Time to Buy New Vehicle?

We've been talking about getting my husband a new truck. He currently drives a 2003 F150 with almost 200,000 miles on it. It's running ok, body looks good and we just put new tires on. We buy our vehicles new, pay cash, then drive them at least 10-12 years so he's on the downward slope but as noted ...
by pennywise
Fri Apr 17, 2020 10:05 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 25035

Re: IRS Get My Payment up and running

If you're already receiving SS payments through direct deposit to your checking account, isn't this supposed to happened automatically? Do I have to fill out and submit that form with bank routing number, AGI, etc? Yes, you will get your payment automatically, but apparently not in the first wave o...
by pennywise
Wed Apr 15, 2020 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 25035

Re: IRS Get My Payment up and running

I don't have my payment and site says: According to information that we have on file, we cannot determine your eligibility for a payment at this time. I filed 2018 and 2019 taxes and in both cases used direct deposit. No direct deposit has shown up yet of course. Received this on trying to use the ...
by pennywise
Thu Apr 09, 2020 8:35 pm
Forum: Personal Investments
Topic: Question on Social Security and Spousal Strategy
Replies: 25
Views: 1863

Re: Question on Social Security and Spousal Strategy

Chip. Thanks. Without this forum I would really be lost. +1 I learned about this filing option on Bogleheads too. Very few people in my real world seem to know about it; I doubt I would have ever had an inkling that the strategy existed if not for the forum. I overheard my husband explain it to our...
by pennywise
Tue Apr 07, 2020 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing home buying price due to coronavirus uncertainty?
Replies: 49
Views: 4093

Re: Reducing home buying price due to coronavirus uncertainty?

I doubt you will get 10% off what prices were 2 months ago, but you can always try. Many people have taken their houses off the market or postponed putting them on the market. I read listings are down 50% and pending sales are down 50% (I believe that is year over year). Supply is tight and demand ...
by pennywise
Sat Apr 04, 2020 3:40 pm
Forum: Personal Consumer Issues
Topic: Don't pay full price for SiriusXM radio
Replies: 299
Views: 39640

Re: Don't pay full price for SiriusXM radio

So I'm not sure how desperate Sirius has gotten over the last couple of weeks/months. But I just renewed both vehicles for a year with the Select Package for $46/each. Didn't even have to go through the motions of talking to someone or doing the chat, just signed into my account, indicated that I w...
by pennywise
Sat Apr 04, 2020 6:44 am
Forum: Personal Investments
Topic: Question on Social Security and Spousal Strategy
Replies: 25
Views: 1863

Re: Question on Social Security and Spousal Strategy

Question: 1. If I file for spousal benefits I can still change to my own SS benefit when I reach age 70 as per this assumption. 2. If I file for spousal benefits on my wife's SS now, do I still continue to receive the 8% annual increase on my own SS to age 70? 3. If my wife files for SS immediately...
by pennywise
Fri Apr 03, 2020 11:26 am
Forum: Personal Investments
Topic: Alternatives to financial advisor and general investment advice
Replies: 16
Views: 1042

Re: Alternatives to financial advisor and general investment advice

Another approach to consider is to start with Vanguard's PAS. After a year or two, when you understand what they are doing, and you are comfortable with it, you can discontinue PAS and do it yourself. While PAS is inexpensive, it is not free. So, use it as long as you feel you need it, and then you...
by pennywise
Tue Mar 24, 2020 9:50 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5560
Views: 1360061

Re: What Movie Have You Recently Watched?

Just finished Lady Macbeth starring Florence Pugh, an indie film made in 2017 about a young bride in an arranged marriage in 19th century England who gets into some pretty dark situations that start with an adulterous affair. It was very brooding and well acted, if rather grim. PSA: I watched it on ...
by pennywise
Sun Mar 22, 2020 7:30 pm
Forum: Investing - Theory, News & General
Topic: It's Not Different This Time
Replies: 353
Views: 33881

Re: It's Not Different This Time

For one there’s not a time in the last 50 years that I can remember that I could not buy toilet paper for three weeks straight. So that is different 8-) Only because you don't live in South Florida :wink: . I've spent many weeks without being able to buy food much less toilet paper, along with no e...
by pennywise
Sun Mar 22, 2020 12:37 pm
Forum: Investing - Theory, News & General
Topic: It's Not Different This Time
Replies: 353
Views: 33881

Re: It's Not Different This Time

With respect, there is no way you can know at this point whether this time is different or not. I agree most of the time “this” time has not been different. There is always risk and a non-zero chance of loss. Perhaps a better title would be “most likely this time is not different.” With respect, WC...
by pennywise
Sun Mar 15, 2020 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Pandemic, economy and buying big ticket items
Replies: 29
Views: 2920

Re: Pandemic, economy and buying big ticket items

Hopefully remodeling bathrooms if the economy gets really bad and the contractors get hungry. I'm preparing for a major home remodel; we are replacing all our home's flooring and gutting/remodeling two bathrooms and our kitchen. Earlier this week, just before the virus situation exploded, I had alr...
by pennywise
Wed Mar 11, 2020 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Unmarried home ownership, joining his preexisting purchase
Replies: 72
Views: 3748

Re: Unmarried home ownership, joining his preexisting purchase

To be clear, I haven't made up my mind yet- I'm more 20 yes/80 no. I appreciate how you're almost all emphasizing marriage first. I understand and agree with the conservative perspectives- many good points. The 20 percent is coming from the part of me saying, "A split won't be unbearably complicate...