Search found 694 matches

by pennywise
Fri Dec 06, 2019 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Car Cost vs Yearly Living Expenses
Replies: 45
Views: 1678

Re: Car Cost vs Yearly Living Expenses

Thanks for the suggestions, but rather than asking for specific cars to buy (or keep), I'm hoping more for feedback on how to model how much to spend as it relates to finances. Respectfully, even assuming you aren't in imminent purchase mode, a 6 year old car from a generally reputable manufacturer...
by pennywise
Thu Dec 05, 2019 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Follow Up: Husband's Surprise Debts
Replies: 258
Views: 22300

Re: Follow Up: Husband's Surprise Debts

Our house is large enough with what was once a "kids wing" with separate entrance, so it's workable. Our kids have come and gone living at home as they move to other states & then return to the nest for awhile. But, I find it very difficult to take any money from them. Our adult daughter moved in w...
by pennywise
Thu Dec 05, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Follow Up: Husband's Surprise Debts
Replies: 258
Views: 22300

Re: Follow Up: Husband's Surprise Debts

I'm hoping she can convince DH that the taxes are the priority & deliver a financial reality check. I clearly do not have the financial/MBA "creds" with DH to convince him this is the way to go, so maybe a third-party can get it done. Perhaps time to stop letting the lack of "creds" hold you back, ...
by pennywise
Wed Dec 04, 2019 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: how much to tip the cleaning lady
Replies: 68
Views: 3552

Re: how much to tip the cleaning lady

I always give the cost of one session. My housekeeper makes $120 for each session; she comes every other week. I give her $120 at Christmas. I gave it to her yesterday so that she'll have it to spend well in advance of the holiday. I do the same and I usually give her a token wrapped gift as well, ...
by pennywise
Wed Dec 04, 2019 7:42 am
Forum: Personal Consumer Issues
Topic: Unpaid speeding ticket from 40 years ago.
Replies: 93
Views: 7358

Re: Unpaid speeding ticket from 40 years ago.

Thanks for all the replies. I decided that I will drive in California because 1) I've been pulled over 1 time in the last 20 years, so very low odds that I'll get pulled over in CA 2) Been through a few background checks and security clearances, so if there was a warrant out for me, I would have ex...
by pennywise
Mon Dec 02, 2019 7:34 am
Forum: Personal Finance (Not Investing)
Topic: How not to feel poor...
Replies: 55
Views: 7858

Re: How not to feel poor...

My advice is to start outsourcing those tasks you really hate doing, i.e. the car repairs/maintenance. That's a great use of money as the happiness (and free time) you gain should be both long and short-term. +1 I'm still evaluating our new income/outgo balance since we are <1 year into retirement....
by pennywise
Fri Nov 29, 2019 10:35 pm
Forum: Personal Consumer Issues
Topic: Yet Another Retiring to Florida Thread - Pros/Cons
Replies: 50
Views: 4419

Re: Yet Another Retiring to Florida Thread - Pros/Cons

It kind of bugs me how Florida people put a pool in their house, and then put a greenhouse on top of it, effectively turning it into an indoor pool. I mean, I know there are alligators and stuff, but come on. What does this mean? If you are referring to screens, that's not at all a 'greenhouse'. I'...
by pennywise
Thu Nov 28, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Medicare: Just Starting Down The Rabbit Hole
Replies: 53
Views: 3844

Re: Medicare: Just Starting Down The Rabbit Hole

If I am understanding your post correctly (?) your husband switched from being a dependent on your employer's health plan to Original Medicare as of July 1. But, he did not take out a supplement plan effec. as of July 1? He delayed, and his supplemental Medicare coverage doesn't become effective un...
by pennywise
Tue Nov 26, 2019 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare: Just Starting Down The Rabbit Hole
Replies: 53
Views: 3844

Re: Medicare: Just Starting Down The Rabbit Hole

What happens if you are still working full time with health care benefits at 65 and older? You are exempt from the requirement to start Medicare benefits if you are working and covered by health benefits through your employer, or if you receive medical benefits via a spouse with such coverage. Thus...
by pennywise
Tue Nov 26, 2019 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare: Just Starting Down The Rabbit Hole
Replies: 53
Views: 3844

Re: Medicare: Just Starting Down The Rabbit Hole

OP, since you too are a 'young' elderly person in great health and taking no prescription meds, consider your Medicare choices in future terms, not just for what you need or don't need now. I disagree. You can change your plan every year. Choose what you need now. Choose again next year, the year a...
by pennywise
Tue Nov 26, 2019 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Medicare: Just Starting Down The Rabbit Hole
Replies: 53
Views: 3844

Re: Medicare: Just Starting Down The Rabbit Hole

It is daunting! We've just been through the process for my husband who is also very healthy, takes no meds etc. OP, since you too are a 'young' elderly person in great health and taking no prescription meds, consider your Medicare choices in future terms, not just for what you need or don't need now...
by pennywise
Sun Nov 24, 2019 4:30 pm
Forum: Personal Consumer Issues
Topic: Apple Watch 5. 40 mm or 44 mm. Cellular or not.
Replies: 22
Views: 1984

Re: Apple Watch 5. 40 mm or 44 mm. Cellular or not.

Regarding the size you (or she) may also may want to consider how it looks. The 44mm is a big watch on many women's wrists, and maybe ridiculously so on a petite wrist. The magnification of the apps can compensate for the 50+ eye. +1 I'm a small boned person and the larger watch was ridiculously bi...
by pennywise
Fri Nov 15, 2019 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Should I retire now?
Replies: 13
Views: 2052

Re: Should I retire now?

What are your annual living expenses? With only half the equation being provided-your retirement income-it is utterly impossible to answer your question. If you are going to pull in $80K in retirement (value of both pensions if you retire now) and you are spending $50K plus you've got health care......
by pennywise
Fri Nov 15, 2019 8:07 am
Forum: Personal Investments
Topic: Moving Roth IRA from Vanguard to TIAA Brokerage
Replies: 8
Views: 571

Re: Moving Roth IRA from Vanguard to TIAA Brokerage

(...) We're moving our TIAA equity holdings from our 403b accounts into Vanguard IRAs and I just compared their respective equity index funds. (...) If you don't mind me asking, are you just keeping your non-equity holdings at TIAA? Is that just TIAA Traditional or also bond funds and TIAA Real Est...
by pennywise
Fri Nov 15, 2019 7:52 am
Forum: Personal Consumer Issues
Topic: External sreaming device on smart TV
Replies: 16
Views: 781

Re: External sreaming device on smart TV

Yes. Don’t buy a tv based on its built in smart features which are likely poorly implemented, poorly supported, and likely to be left to languish after a couple of years. Use the 3rd party streaming device of your choice which can be updated cheaply every few years. +1 I recently made the transitio...
by pennywise
Wed Nov 13, 2019 7:40 am
Forum: Personal Investments
Topic: Moving Roth IRA from Vanguard to TIAA Brokerage
Replies: 8
Views: 571

Re: Moving Roth IRA from Vanguard to TIAA Brokerage

You can check expense ratios on the TIAA website. We're moving our TIAA equity holdings from our 403b accounts into Vanguard IRAs and I just compared their respective equity index funds. TIAA charges .30, Vanguard expense ratio is .04. So there's one indicator that you may well be better served by n...
by pennywise
Wed Nov 13, 2019 7:21 am
Forum: Personal Investments
Topic: Retiring soon and need help
Replies: 19
Views: 2345

Re: Retiring soon and need help

Despite fees DW & I thought we needed money mgr for first time when retirement came up faster than expected. While talking to potential fee takers found this forum & lurked, read wikis & Bogle’s book. Now sold on simple portfolio but lack confidence about hard decisions including AA. :confused :con...
by pennywise
Sun Nov 10, 2019 11:22 am
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 15288

Re: Spend It All vs. Leave $$ for the Kids

We have told our kids our goals are to provide them debt free college degrees and for them not to support us in our old age. We are not saving/spending to leave an inheritance, but as a byproduct of not trying to run out of money for our care, we will likely (unintentionally) leave a significant in...
by pennywise
Mon Nov 04, 2019 8:04 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1570
Views: 170167

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

The Kominsky Method on Netflix with Michael Douglas and Alan Arkin. 25 minute episodes. I knocked out season 2 yesterday. Loved it! I did too. Started watching on a friend's recommendation and wasn't sure about this one till after the first few episodes. But the chemistry between the two leads, Mic...
by pennywise
Mon Nov 04, 2019 7:44 am
Forum: Personal Investments
Topic: Help me pull the trigger on rolling over two TIAA Retirement Accounts to Vanguard Rollover IRA
Replies: 23
Views: 1309

Re: Help me pull the trigger on rolling over two TIAA Retirement Accounts to Vanguard Rollover IRA

I'm a member of both cults (Trad and TREA), and they are the only reasons to stay with TIAA. There is something satisfying in watching them grind relentlessly higher day in and day out. But as you know, you can certainly do better on the equities ER side. I'd certainly roll any equity/bond fund all...
by pennywise
Sat Nov 02, 2019 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12868

Re: Possible Layoff: Need Assurance That We Will Be Okay

What a great post. Thanks for sharing. May I ask, at what age did you finally call it quits? How long have you been retired? How long did it take you to decompress after you finally left your employment? Thank you for your kind words. I had starting thinking about retirement when I turned 60 a coup...
by pennywise
Sat Nov 02, 2019 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12868

Re: Possible Layoff: Need Assurance That We Will Be Okay

I'm scared. I'm afraid of failure. It is one thing to plan to leave work, it is another thing to actually do it. Likewise, it is one thing to anticipate leaving work at a particular point in time of your own choosing, and it is another thing to have that point in time moved to an earlier date that ...
by pennywise
Tue Oct 29, 2019 2:22 pm
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 9199

Re: How much do you plan to spend on your children's weddings?

I think we are seeing 2 fundamentally different views of weddings in this thread. #1 - The more "traditional" view of weddings as something a parent is obligated (or privileged) to provide for a child. For this group, the question is how much is reasonable to spend on a child's wedding. I can see h...
by pennywise
Tue Oct 29, 2019 8:14 am
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 9199

Re: How much do you plan to spend on your children's weddings?

We have a very large extended family, and these people are important to my daughters. I can easily see how the guest list would be well over 100 people even if it's just family, assuming the groom's side has some relatives, too. It wouldn't be about impressing other people or Say Yes to the Dress, ...
by pennywise
Sun Oct 27, 2019 9:06 am
Forum: Personal Investments
Topic: Do You Pay For Financial Advice?
Replies: 76
Views: 4464

Re: Do You Pay For Financial Advice?

So I'm in alignment with the Bogle philosophies regarding index investing and simple portfolios. However, still curious after all the research and real-life experiences... Do you pay for financial advice? Yes, fee only Yes, AUM via Robo Advisor Yes, AUM via real person financial advisor, CPA or oth...
by pennywise
Fri Oct 25, 2019 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Getting ready to retire maybe a little earlier than planned
Replies: 7
Views: 1798

Re: Getting ready to retire maybe a little earlier than planned

Hi all, Overall, we have enough to retire at close to our current spending levels (I think), and we're working with Vanguard Portfolio Services. Zero debts (cc or otherwise), $130K mortgage We're planning to sell our house and buy a condo for less than $200K. Does that make sense? Should we get a m...
by pennywise
Mon Oct 07, 2019 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Wedding Finances-Today
Replies: 107
Views: 8555

Re: Wedding Finances-Today

We gave dd $35K for her wedding to use however she wanted. We could not afford more, as we also had to pay the same amount for another child’s wedding. Best decision we ever made was not to be involved with the wedding planning as there would have been a clash with the boglehead mentality and dd’s ...
by pennywise
Sat Oct 05, 2019 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Do you know what your partner spends money on?
Replies: 80
Views: 6638

Re: Do you know what your partner spends money on?

We keep one checking account and multiple joint credit cards, which are used for all joint things. 95% of spending is joint. We also each have one credit card of our own We use a variant of this, we have one joint checking/savings account which is what we refer to as the "house" account, house in t...
by pennywise
Fri Oct 04, 2019 7:08 am
Forum: Personal Investments
Topic: 75 year old widow (my mom) retirement portfolio suggestions, RMD's - 2.35M assets
Replies: 25
Views: 2162

Re: 75 year old widow (my mom) retirement portfolio suggestions, RMD's - 2.35M assets

I have the impression the OP is interested in wheeling and dealing when his Mom does not need that. She has enough assets so that a conservative situation is fine. If I were her, I would prefer to sleep at night rather than have exciting stuff :-) going on with my savings. +1 There isn't any indica...
by pennywise
Thu Oct 03, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Wedding Finances-Today
Replies: 107
Views: 8555

Re: Wedding Finances-Today

OP here, thanks everyone for the VERY helpful and thoughtful responses! To answer a few questions asked about our situation: Location and timing: Holding the wedding in the Florida Keys is non-negotiable because we live in Key Largo, our daughter was born and raised in South Florida and both her mat...
by pennywise
Wed Oct 02, 2019 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Wedding Finances-Today
Replies: 107
Views: 8555

Wedding Finances-Today

My (only) daughter just got engaged :D . We're delighted and now as the mother of the bride (ie bank) I'm dipping a toe in the bridal industrial complex....and it's quite overwhelming! Luckily the happy couple are not in any way exhibiting bridezilla or diva tendencies. They've already made it clear...
by pennywise
Fri Sep 27, 2019 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Extended warranty transfer dispute with private truck seller
Replies: 36
Views: 2063

Re: Extended warranty transfer dispute with private truck seller

I suppose small claims court could work, but it's going to cost you your time. Is it worth the effort? If it's been maintained and has no history of issues, you may not be taking a lot of risk. Chalk it up to a learning experience. If in your shoes, I'd have asked for the extended warranty paperwor...
by pennywise
Mon Sep 23, 2019 7:12 am
Forum: Personal Investments
Topic: I am being asked to retire. Am I ready?
Replies: 84
Views: 10724

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

The whole retirement thing was something I expected to be years away until some major shifts at work started earlier this year. It quickly went from a possibility to a probability to an almost certainty. I had hoped to work another 4-5 years, but I don't really want to start all over again at a new...
by pennywise
Sat Sep 21, 2019 12:29 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 8350

Re: How to handle "split-the-bill" group lunches?

I was referring to the practice of telling the server to just split the bill evenly, and then everyone gets their own ticket for their portion. If it is just "everyone give cash to one person at the table", then you can just give cash to cover what you ate, and then this whole thread would be a non...
by pennywise
Thu Sep 19, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Tax avoidance and estate planning ‘for the rich’?
Replies: 61
Views: 6674

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

Our accountant made that simple delineation awhile ago in terms of what she calls "W2 income" v some of the other methods described in this topic. It is helpful to keep in mind that this is rare air for the vast majority of taxpayers. Aside from the mythical filthy rich, there are a lot of Boglehead...
by pennywise
Mon Sep 16, 2019 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 8316

Re: Managing joint finances when one is a perfectionist

As the spouse who manages the finances for a partner who has no interest whatsoever in the details--I'd say it is important to be reasonable about how much detail you expect to make the other be person 'interested in'. What if your husband said that he trusted you and he really wasn't interested in...
by pennywise
Sat Sep 14, 2019 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 8316

Re: Managing joint finances when one is a perfectionist

I agree it is good for the non-managing spouse to know what is going on, but what if he/she is not interested and does not want to know? Should you try to force the issue "for their own good" even if it causes conflict? How far should you go to try and force someone to be interested in something if...
by pennywise
Fri Sep 13, 2019 6:38 am
Forum: Personal Consumer Issues
Topic: Need gift ideas for my parents
Replies: 18
Views: 1381

Re: Need gift ideas for my parents

Write a book. . . A couple of years ago, I wrote a collection of short stories from your perspective about your family's experiences over the years. These are the stories everyone recalls during the holidays, and definitely pick the ones that you can laugh about. Most of these can be summarized to ...
by pennywise
Mon Sep 09, 2019 7:16 am
Forum: Personal Consumer Issues
Topic: I'm gonna need a bigger TV...
Replies: 36
Views: 4525

Re: I'm gonna need a bigger TV...

I've got a 65" LG smart tv, and it's a very nice set. With the caveat I'm not tv geek, the picture is clear and crisp, and the only downside I've encountered is that after 2 years, the 'smart' portion is defunct as evidently there is a software glitch that results in the set no longer connecting to ...
by pennywise
Fri Sep 06, 2019 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Beach City / Town in Florida
Replies: 64
Views: 7592

Re: Beach City / Town in Florida

Don't ignore the East Coast of Florida. I think from Vero Beach up to Ponte Vedra is beautiful and less populated then the West side. Still great sunrises & sunsets, hospitals, restaurants, Amtrak service, airports (Jacksonville, Daytona Beach, Orlando, Sanford & Melbourne). Ocala National Forest, ...
by pennywise
Thu Sep 05, 2019 8:53 am
Forum: Non-US Investing
Topic: risk tolerance - too much in bonds?
Replies: 34
Views: 2819

Re: risk tolerance - too much in bonds?

Hello bogleheads! From the posts around here you read phrases like "weather the storm" in correlation to having 30% bonds etc. Isn't that what the emergency fund is for? Every boglehead around here probably knows you dont touch the stock many when the market is down a lot and instead hold onto it. ...
by pennywise
Wed Sep 04, 2019 7:35 am
Forum: Personal Investments
Topic: How do you let go of decisions that turned out to be the wrong ones?
Replies: 63
Views: 5239

Re: How do you let go of decisions that turned out to be the wrong ones?

I find that some behavioral finance reframing has helped me the most when pondering how my past decisions have turned out: as long as I know that I made the best choice I could GIVEN WHAT I KNEW AT THE TIME I am ok. That takes into account available information, logical thought processes and of cour...
by pennywise
Wed Sep 04, 2019 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Help for the Bahamas
Replies: 6
Views: 647

Re: Help for the Bahamas

I’ve looked at Charity Navigator. Does anyone have a specific recommendation? To donate directly you can contribute online to the Bahamas Red Cross at https://bahamasredcross.org/ United Way Miami has activated their Operation Helping Hands program which will send donated funds to the Bahamas as we...
by pennywise
Sat Aug 31, 2019 2:19 pm
Forum: Personal Consumer Issues
Topic: Does anyone have a dishwasher they recommend?
Replies: 82
Views: 4840

Re: Does anyone have a dishwasher they recommend?

Based on a relative's recommendation I just bought my first Kitchenaid, after using a Bosch DW for years. The Kitchenaid is incredible! I always considered my Bosch to be very quiet but the Kitchenaid literally does not make any noise while running. I'm fairly sensitive to sounds, so when I say NO n...
by pennywise
Fri Aug 30, 2019 7:48 pm
Forum: Personal Consumer Issues
Topic: What, besides dishes, do you run through your dishwasher?
Replies: 85
Views: 6586

Re: What, besides dishes, do you run through your dishwasher?

Workable Goblin wrote:
Fri Aug 30, 2019 1:53 pm
And of course the hairbrush-washer is not necessarily someone who cooks food in the dishwasher.
Hair brush washer here-this is true I have never cooked food in my dishwasher :D

I think I only tried the hairbrush cleansing cycle once or twice, mostly to see if it actually would work. It did.
by pennywise
Fri Aug 30, 2019 9:14 am
Forum: Personal Consumer Issues
Topic: What, besides dishes, do you run through your dishwasher?
Replies: 85
Views: 6586

Re: What, besides dishes, do you run through your dishwasher?

Wife started running pots and pans through the dishwasher. I was convinced that would never work. Then one day we put a pan that she used to cook scrambled eggs on it. Probably had 3/16" of cooked eggs on the bottom. Ran it through and it was clean as a whistle when done. Just amazing. You didn't c...
by pennywise
Fri Aug 30, 2019 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Educating Spouse on Personal Finance
Replies: 60
Views: 3865

Re: Educating Spouse on Personal Finance

I have family that stopped balancing their checkbook over ten years ago. They just write any checks issued in the log and say everything else is in real time. Personally I have not been able to get to this step yet! There is no reason anymore to balance a checkbook, as defined by manually subtracti...
by pennywise
Thu Aug 29, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: What makes your dream house so special?
Replies: 41
Views: 3308

Re: What makes your dream house so special?

Location-direct ocean access; out the back door, into the boat and heading to incredible dive locations in 45 seconds No mortgage-no worries and no financial pressure Layout-enough bedrooms to comfortably host a crowd, including a completely separate 1/1 full apartment downstairs. Like having our ow...
by pennywise
Fri Aug 23, 2019 6:55 am
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 306
Views: 45714

Re: Anyone disenchanted with retirement?

I didn't think this would be so controversial or hard to understand, but here goes... Yes, almost anything you can do is a job for someone, but that's not the issue, it's whether it is a job for YOU, i.e. whether YOU are doing it for pay or not. Simple really. You can do almost anything you want an...
by pennywise
Wed Aug 21, 2019 7:35 am
Forum: Personal Finance (Not Investing)
Topic: What are your thoughts on USAA for checking? Insurance? Banking in general?
Replies: 44
Views: 2376

Re: What are your thoughts on USAA for checking? Insurance? Banking in general?

Longtime and happy USAA customer here. We have USAA auto and homeowner's insurance, although I dropped windstorm with them a few years ago; they are one of the few remaining private insurers in Florida but their rates for my home became unsustainable. I have a USAA bank account and we used USAA as a...