Search found 511 matches

by pennywise
Mon Dec 10, 2018 7:46 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in 2 weeks, Traditional 401k
Replies: 95
Views: 5830

Re: Retiring in 2 weeks, Traditional 401k

Who can I pay to help me with this? What should I look up? This is just too much for me and I will pay for them to get the proper guidance. Please don’t panic! Remember you’ve jumped into the deep end of the pool here, this group is made up of folks who generally find navigating the minutiae of per...
by pennywise
Thu Dec 06, 2018 7:42 am
Forum: Investing - Help with Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 5037

Re: Considering residential real estate investment

I have properties that I manage and others with a PM - to date I have not received a call about a leaky toilet in the middle of the night. If I can do this during residency in a competitive specialty or while 3 weeks in Japan with limited cell service, so can anyone :twisted: However please realize...
by pennywise
Tue Dec 04, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 120
Views: 10781

Re: Retirement itch- when did you get it?

Then 65 hit, at which point it dawned on me that I could be father to many of the people I worked with and grandfather to some of them. This has nudged me too--I work in higher education as an advisor to college students and a few years ago a general goal started to percolate into my plans: I feel ...
by pennywise
Mon Dec 03, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 120
Views: 10781

Re: Retirement itch- when did you get it?

I've gotten it bad recently. I've planned to retire somewhere between 62 -65. I turned 60 last summer so the time is getting close. We're going through a painful re-org at work, I've realized financially can retire at 62 and won't gain that much by waiting longer, and I'm finding some new volunteer...
by pennywise
Sun Dec 02, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Proper way to retire
Replies: 57
Views: 6346

Re: Proper way to retire

My husband was considering retirement so last summer we made an appointment with the benefits office at the university where we both work to discuss his options and policies related to retirement. In our place of employment there is a requirement to provide one month's notice. As far as wrapping up ...
by pennywise
Fri Nov 30, 2018 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Laid Off, Considering Multiple Options - Which Would You Recommend?
Replies: 48
Views: 7168

Re: Laid Off, Considering Multiple Options - Which Would You Recommend?

OP here: The perspectives and advice that everyone shared here were so valuable that I wanted to close the loop to let you know what happened, and what I learned. Outcome: I ended up accepting another role within same company with a great team and more responsibility. Learnings: For me, this was a ...
by pennywise
Thu Nov 29, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 109
Views: 14308

Re: Divorce [financial implications]

I have never been married - by design. I am willing and ready to change once I hear of a single benefit that that gender cannot get while not married. Please do tell - I am ready. You will probably live a longer life per a separate quoted article I just shared on this topic, from a Harvard health s...
by pennywise
Thu Nov 29, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 109
Views: 14308

Re: Divorce [financial implications]

Hopefully you learned your lesson. Marriage has no benefit to one of the genders. To this day, I have not been told one. https://me.me/i/married-single-divorced-19667215 Presumably the gender that reaps no benefit is male, so I will tell you one: A major survey of 127,545 American adults found that...
by pennywise
Thu Nov 29, 2018 7:25 am
Forum: Investing - Theory, News & General
Topic: TIAA: compensation of Wealth Management Advisor
Replies: 19
Views: 1920

Re: TIAA: compensation of Wealth Management Advisor

I've met and discussed our financial situation in detail with a TIAA WMA. He contacted me a couple of years ago, and at that time I thought why not take advantage of a free advisor so I pulled our information together and he created a portfolio review, projection of retirement assets and recommendat...
by pennywise
Wed Nov 28, 2018 7:27 am
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 444
Views: 54343

Re: Name something you had to have and now you regret purchasing it?

I lived with a very old, dilapidated and worn kitchen for 20 years, and my husband vehemently disagreed that it needed to be updated. Partly due to the discord between us I was determined, when I did finally redo the room, to get only the BEST and now I regret the fully integrated refrigerator that ...
by pennywise
Fri Nov 23, 2018 8:03 am
Forum: Personal Consumer Issues
Topic: Tiny Baby Spiders on my Toaster
Replies: 40
Views: 3042

Re: Tiny Baby Spiders on my Toaster

However, the link cited above also gives a good clue as to how they might have come to be where they were. It has a number of photos of various mama spiders carrying hundreds of tiny babies on mom's back. We didn't imagine spiders did that so this solves our major puzzle of how did they all get the...
by pennywise
Thu Nov 22, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: What financial information do you share with your family and relatives?
Replies: 112
Views: 9684

Re: What financial information do you share with your family and relatives?

We give our adult kids our updated financial information every year. It's on a list and includes financial institutions, account numbers, amounts, insurance information including long term care, social security benefits, etc. I frequently discuss granular personal financial details with my adult so...
by pennywise
Thu Nov 22, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: What financial information do you share with your family and relatives?
Replies: 112
Views: 9684

Re: What financial information do you share with your family and relatives?

yohac wrote:
Thu Nov 22, 2018 11:28 am
I haven't even told my family that I retired six months ago. I suppose it may come up this weekend.
Now that's hard core.

Presumably you aren't close to them geographically or emotionally since nobody in the fam has noticed you are now free 24/7? :wink:
by pennywise
Thu Nov 22, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Claim-Experiences?
Replies: 22
Views: 2042

Re: Homeowners Insurance Claim-Experiences?

Some questions: How did the valve just spontaneously break? I'm not plumbing proficient, but basically the plastic valve on the side of the toilet broke which then caused the entire hose to disconnect and that allowed water to gush unimpeded for ~18 hours until the tenant returned You mentioned hav...
by pennywise
Wed Nov 21, 2018 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Developing Complete Plan for Windfall
Replies: 37
Views: 3016

Re: Developing Complete Plan for Windfall

If you truly hold 8 to 9 digits, OP does not. It seems to have escaped folks' notice or the respondents are enjoying a theoretical walk down high-net-worth-ville, but there is no huge sum of money to be managed. The first post established that these are the musings of someone with a HYPOTHETICAL FU...
by pennywise
Tue Nov 20, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Claim-Experiences?
Replies: 22
Views: 2042

Re: Homeowners Insurance Claim-Experiences?

USAA gave us the name of their recommended contractor in our area. The contractor arrived a few days later and gave us a detailed quote. We agreed to hiring the contractor and USAA approved the quote (about $14,000). The longest time in the process was waiting for the job to start, which lasted abo...
by pennywise
Tue Nov 20, 2018 5:03 pm
Forum: Personal Consumer Issues
Topic: Black Friday 2018
Replies: 123
Views: 15018

Re: Black Friday 2018

Appliances. The house we bought 1.5 years ago has 2 full kitchens (Fl Keys, upstairs/downstairs configuration which is common there). The 1st floor microwave and range are dead; second floor dishwasher bit the dust months ago. BF deals are all over so I shopped online and got the best price for a di...
by pennywise
Thu Nov 15, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 222
Views: 29198

Re: [Financial] Habits of the Rich

Some of the ideas here give me the impression that I landed on the "how to have a miserable life" "how to change extraordinary years of youth for a handful of dollars" and similar topics. Balance is everything. Don't sacrifice your youth to "gain" couple of years when you are old. See the world. Ha...
by pennywise
Wed Nov 14, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Claim-Experiences?
Replies: 22
Views: 2042

Homeowners Insurance Claim-Experiences?

We own a rental property, a single family home leased to a pair of divorcees. They were both away overnight during a weekend when a valve on the side of a toilet in the master bathroom broke and water gushed from the pipe for ~18 hours until the tenant returned home the next afternoon. By that point...
by pennywise
Mon Nov 12, 2018 8:54 pm
Forum: Personal Consumer Issues
Topic: Feeling uneasy about recent splurge
Replies: 40
Views: 4039

Re: Feeling uneasy about recent splurge

I splurged! I never splurge. Please help me chill out.... I bought a luxury, very comfy (in the store anyway) mattress. • My best estimate is that the current mattress is 16 years old; it is no longer comfortable. • I'm not a great sleeper (occasional insomnia), so am hoping the new mattress will h...
by pennywise
Mon Nov 12, 2018 6:59 am
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 222
Views: 29198

Re: [Financial] Habits of the Rich

Be boring Invest in boring index funds instead of those sexy financial products the advisors are so excited to show you Stay married to the boring girl/guy you started out with instead of that sexy girl/guy you are finding so exciting Live in the boring house you bought because you could afford it, ...
by pennywise
Fri Nov 09, 2018 9:55 am
Forum: Local Chapters and Bogleheads Community
Topic: December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security
Replies: 23
Views: 2735

Re: Special DC Bogleheads Meeting with Steve Goss, Chief Actuary of Soc Security

Are guest Bogleheads allowed to attend? I attend the South Florida chapter but would love to hear this speaker, and since my daughter lives in the area I can combine bogleheads business with family pleasure, or vice versa :D
by pennywise
Fri Nov 09, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 11937

Re: If expenses are low, are some of us over saving?

=ResearchMed post_id=4203887 time=1541693714 user_id=11759 I suspect an awful lot of this depends upon whether one is living in a LCOLA or a VHCOLA. It can make a huge difference. Indeed. We are a high earning couple; we max out our 403b accounts, own our residence, a rental property and a vacation...
by pennywise
Tue Nov 06, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Can't Create SS Account - Security Questions Mismatch
Replies: 13
Views: 1369

Re: Can't Create SS Account - Security Questions Mismatch

I don't have a credit freeze, but I had a similar experience trying to open a social security account, also with questions about nonexistent auto loans (I have never taken out an auto loan). I resolved the problem by going into a local SSA office and showing a drivers license. As to why this happen...
by pennywise
Mon Nov 05, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Can't Create SS Account - Security Questions Mismatch
Replies: 13
Views: 1369

Re: Can't Create SS Account - Security Questions Mismatch

My wife and I both had to do this because of our credit freezes. In our case, it was quick and easy - no appointment required. We had to go in and provide identification. Then they mailed us a temporary password to get in. OP - I'd also suggest pulling a credit report from all the agencies and chec...
by pennywise
Mon Nov 05, 2018 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Can't Create SS Account - Security Questions Mismatch
Replies: 13
Views: 1369

Can't Create SS Account - Security Questions Mismatch

We've encountered an odd problem, wondering if anyone can enlighten me on why. My husband turned 65 in September and is retiring in December. Although he will then be covered for health insurance under my policy at work, we were told he should apply for Medicare Part A now and apply for the other se...
by pennywise
Sat Nov 03, 2018 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Investment Properties during retirement
Replies: 6
Views: 748

Re: Investment Properties during retirement

Obviously this is always a personal decision and here's one data point: we own a rental property and I also manage my MIL's home as a rental (she's permanently in assisted living). I have assumed I would add our current residence to the rental portfolio when we retire but am now leaning toward selli...
by pennywise
Mon Oct 29, 2018 6:27 am
Forum: Investing - Help with Personal Investments
Topic: Wish I would have found this website 10 years ago.....
Replies: 6
Views: 1960

Re: Wish I would have found this website 10 years ago.....

Welcome to Bogleheads! As for finding it later than sooner---today is better than yesterday so dive in to the best resource available for personal finance support. Re. your TIAA account, there is a personal advisor service that's free of charge for members with a large enough (combined) level of ass...
by pennywise
Mon Oct 29, 2018 6:13 am
Forum: Personal Consumer Issues
Topic: Advise on getting a cheap new flooring
Replies: 21
Views: 1945

Re: Advise on getting a cheap new flooring

For a rental property, don't follow my username :wink: . You don't want to put something down that's cheap in terms of durability because you may need to replace it quickly once renters use the house hard--and then it ends up being more expensive in the long run. The vinyl plank flooring sounds like...
by pennywise
Sun Oct 28, 2018 7:09 am
Forum: Personal Finance (Not Investing)
Topic: USAA Multi Product Discount
Replies: 30
Views: 3049

Re: USAA Multi Product Discount

Thank you for posting this and bringing it to our attention. I had no idea and have auto, home and banking with them. I’ll play with it and see what it does for us. Every little bit helps. Same here! Thank you very much, and shame on me for not surfing the site to find out about some of their produ...
by pennywise
Sat Oct 27, 2018 10:21 am
Forum: Personal Consumer Issues
Topic: How many miles (total) on car before buying another car ?
Replies: 114
Views: 7222

Re: How many miles (total) on car before buying another car ?

Never buy a new car until the current car starts to fail. It's not about the age or the miles. It's about failures requiring major repairs. +1 The car I'm driving is a 2010 Ford Fusion with ~80K miles, it's going strong and I've got no need or intention of getting anything new till I need something...
by pennywise
Tue Oct 23, 2018 5:35 am
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 101
Views: 5275

Re: 2019 Expenses > 2019 Income – Help us close the gap

This looks like the case where someone can afford the health insurance, either through the employer or an individual policy, but would rather play games to cut his income in half. While phrased a bit harshly, this is actually a pretty accurate summation of the situation. Yes, the plan is to game th...
by pennywise
Sun Oct 21, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Retire now or in the Spring. - changing work conditions
Replies: 36
Views: 4076

Re: Retire now or in the Spring. - changing work conditions

I was in a very similar situation a couple of years ago. I quit about six months earlier than I originally intended. Gave up about $150k of salary and bonus, and most of a year of 401k space. Never regretted it for a second. My health is better, I’m much happier, and the money...meh. We can live wi...
by pennywise
Fri Oct 19, 2018 7:33 pm
Forum: Personal Consumer Issues
Topic: What time do you get up in the morning?
Replies: 160
Views: 13006

Re: What time do you get up in the morning?

For the past quarter century or so, I set my alarm for 15 minutes before my wife has to get up. I did this when I was still working outside the home, but I have continued the tradition for the almost two decades when I've been a Stay At Home Dad. I make coffee for us and, unless she comes downstair...
by pennywise
Fri Oct 12, 2018 6:40 am
Forum: Personal Finance (Not Investing)
Topic: “$1000/month job is worth $300k in retirement funds” // What are some retirement jobs you would actually enjoy doing?
Replies: 103
Views: 9947

Re: “$1000/month job is worth $300k in retirement funds” // What are some retirement jobs you would actually enjoy doing

“$1000/month job is worth $300k in retirement funds” Bringing in a $1000 a month would make a huge difference for some people but I would have to question the $300K figure. The math seems straightforward: $1000/month yields $12,000/year=4% withdrawal rate on $300,000 in retirement funds. As for wor...
by pennywise
Thu Oct 11, 2018 6:30 am
Forum: Personal Consumer Issues
Topic: Feeling Guilt among family/peers
Replies: 42
Views: 5302

Re: Feeling Guilt among family/peers

People are herd creatures; we all seek to be part of our social and family groups and part of that is a shared sense of what are, for the vast majority, tough but universal realities of financial life (be they self created or not). So for most people complaining about tight budgets and heavy debt an...
by pennywise
Sun Sep 30, 2018 7:46 am
Forum: Personal Consumer Issues
Topic: College Student Performance Issues
Replies: 83
Views: 4675

Re: College Student Performance Issues

I would consider pushing her gently towards the campus student services and student mentoring for help rather than going in heavy handed parent so quickly. Give her a chance to screw up a bit and be an adult. There are many support people on campus and you can remain a supportive parent without bei...
by pennywise
Sun Sep 23, 2018 8:45 am
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11872

Re: Did you really have something to retire to?

After reading the responses, I feel that, maybe, a concrete plan of retirement plan is more important for early retirees. For some people who have to retire because of ages, too much money, other obligations, not so much. My husband started processing his retirement paperwork this week. I am counti...
by pennywise
Thu Sep 20, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: TIAA financial advisor?
Replies: 65
Views: 10235

Re: TIAA financial advisor?

We were contacted a couple of years ago by a TIAA advisor and I went through their advising process then. Frankly, the bottom line I took away is that it was a fishing expedition to persuade us to use him as a financial advisor for the funds once we retired, at the usual 1% annual fee. Got another n...
by pennywise
Sun Sep 16, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: How did you decide when to retire?
Replies: 54
Views: 8328

Re: How did you decide when to retire?

I will receive a pension, and my company's policy is that there is a penalty which reduces the benefit amount by 20%, permanently, if a worker retires before age 62--regardless of when one begins collecting. So because I am a stubborn person who hates leaving money on the table, that is how I decide...
by pennywise
Sun Sep 16, 2018 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9567

Re: Delaying Social Security Until 70

drawpoker wrote:
Sat Sep 15, 2018 4:39 pm

(I had been drawing a spousal benefit since age 60, 71.5% of my husband's benefit)
I didn't think one could claim a spousal benefit before age 62, other than as a widow/widower--can you explain how you started receiving spousal benefits at 60?
by pennywise
Sun Sep 16, 2018 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9567

Re: Delaying Social Security Until 70

For married couples, the math can work differently. In our case, my PIA is about 4 times my spouse’s PIA. The optimal strategy is for my spouse to file as early as possible and me to delay to age 70. +1 We are a similar situation--though our PIAs are almost identical and I'm 4 years younger my husb...
by pennywise
Thu Sep 13, 2018 4:31 pm
Forum: Personal Consumer Issues
Topic: Going to the Everglade. A few questions please.
Replies: 21
Views: 1264

Re: Going to the Everglade. A few questions please.

From Naples, the Everglades National Park is a 3 hour drive. You have to go to the opposite side of the State and then turn south. No real need to take I-75 unless you want to get to Miami/Ft. Lauderdale fast. OP mentioned using roads as if one will be going to/from the Everglades during a visit, w...
by pennywise
Mon Sep 10, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 968
Views: 104492

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

I just finished watching season 2 of Ozark. As others have said it compares generally in terms of structure/plotting to Breaking Bad, in that the theme is a family getting involved and going deeper into an illegal/immoral lifestyle. I found both seasons interesting and worthwhile however it is VERY ...
by pennywise
Fri Sep 07, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: How do you handle Healthcare costs in retirement
Replies: 31
Views: 2717

Re: How do you handle Healthcare costs in retirement

Today I wrote my first check for retiree insurance, wife just put it in the mailbox. After a few issues getting the company that administers retiree insurance to get us enrolled in retiree insurance, I was finally able to get everything squared away. Hopefully the billing will be handled better tha...
by pennywise
Fri Sep 07, 2018 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 5204

Re: Time to look at SS [When should I take Social Security?]

One fact should be kept in mind regarding the recommendation for the OP from Opensocialsecurity---that, having been born in 1953, he is eligible for a spousal benefit under a restricted application. The program recommmends that he should do that--might be different if he was born after 1953 when th...
by pennywise
Tue Sep 04, 2018 7:49 pm
Forum: Personal Consumer Issues
Topic: How to "waste" money on groceries?
Replies: 109
Views: 9900

Re: How to "waste" money on groceries?

winterfan wrote:
Tue Sep 04, 2018 10:49 am
Seafood for sure. Around here good fish goes for $15-25 a pound.
Or you can take your own boat and really ratchet up that cost. I figure the lobster I had for dinner this weekend set us back ~$160/pound :D
by pennywise
Sat Sep 01, 2018 6:56 am
Forum: Investing - Help with Personal Investments
Topic: Starting at 62
Replies: 4
Views: 1020

Re: Starting at 62

The gift limit for 2018 is $15,000 - meaning you can give that much without (you) having to pay a gift tax. If you’re married, your spouse can also give $15,000 to your mother without incurring additional taxes. This is correct. $15000 is the reporting limit. However, you can give much more than th...
by pennywise
Thu Aug 30, 2018 6:12 am
Forum: Personal Finance (Not Investing)
Topic: Dealing with death and the family finances
Replies: 21
Views: 3033

Re: Dealing with death and the family finances

Moneybags1, So sorry for the loss of your Dad, been through it myself, very painful. As to your situation, are you and your brother on the same page as how to proceed with helping your Mom? If so that's a huge plus. My concern is as long as you and your brother can agree on what's best for your Mom...
by pennywise
Sun Aug 26, 2018 10:29 am
Forum: Investing - Help with Personal Investments
Topic: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?
Replies: 34
Views: 5829

Re: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?

I think you are getting snarky replies because you have won the game. You have prepared well and have a super low stress (financially) road ahead. :sharebeer +1 My immediate mental answer upon reading a question phrased as 'what would you do?' by someone who has amassed between $3.5-$6 million doll...