Search found 198 matches

by Enkidu
Mon Apr 23, 2018 1:47 pm
Forum: Investing - Theory, News & General
Topic: Asset Decumulation or Asset Preservation? What Guides Retirement Spending?
Replies: 0
Views: 421

Asset Decumulation or Asset Preservation? What Guides Retirement Spending?

https://www.ebri.org/pdf/briefspdf/EBRI_IB_447.pdf A short paper by Sudipto Banerjee, at Employee Benefit Research Institute is an interesting read. Key points: The study shows that retirees generally exhibit very slow decumulation of assets. More specifically, within the first 18 years of retireme...
by Enkidu
Thu Apr 12, 2018 5:30 pm
Forum: Personal Consumer Issues
Topic: New faster DNS - 1.1.1.1 by CloudFlare
Replies: 97
Views: 8544

Re: New faster DNS - 1.1.1.1 by CloudFlare

Does anyone know if changing DNS to 1.1.1.1 in the ISP router will change the DNS for all devices that use the router? Do you have to change DNS address for each device, and the router? What if the router is set for the ISP DNS but you change a device to the 1.1.1.1 What takes prescience, router or ...
by Enkidu
Mon Apr 02, 2018 11:59 am
Forum: Personal Consumer Issues
Topic: $20,000 book - what to do with it
Replies: 34
Views: 6075

Re: $20,000 book - what to do with it

Why not have it digitized for public access and then keep it. Store it properly and have it conserved if necessary, but if you don't really need the money, why sell it? Take it out and enjoy it once in a while. Do you have any family members who you could leave this unique treasure to when you die? ...
by Enkidu
Sun Jan 07, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need $$ in taxable?
Replies: 26
Views: 4502

Re: Do I need $$ in taxable?

I think what the OP is proposing is using the the Roth account to pay operating expenses during the year rather than putting the money in a taxable account and paying expenses from there. Let's say estimated operating expenses for the year are about $50,000. Option 1: Transfer $50,000 from tIRA to a...
by Enkidu
Mon Aug 21, 2017 11:32 am
Forum: Investing - Help with Personal Investments
Topic: best strategies for income now retired for 2 months
Replies: 5
Views: 1521

Re: best strategies for income now retired for 2 months

You don't say what your expense are, but imply that your basic expenses will be covered your pension, and discretionary travel expense will be covered by withdrawals from your TIAA Traditional for the next few years. It also appears that you are single and will be in at least the 25% federal tax bra...
by Enkidu
Fri Aug 18, 2017 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for 82 yr old widow in TN
Replies: 20
Views: 1744

Re: Asset Allocation for 82 yr old widow in TN

1) Mom has $22K/yr of income and needs an additional $38K/yr from $1.4M investments (2.7% withdrawal rate) to fund retirement. Her RMDs from $300K IRA/401K are $18K. She is fine with some risk and would like input on asset allocation given her wishes to fund her retirement but also provide an inher...
by Enkidu
Tue Aug 08, 2017 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: What is an appropriate lower risk asset allocation once one has "won the game"
Replies: 50
Views: 7429

Re: What is an appropriate lower risk asset allocation once one has "won the game"

The stocks and bonds are contained in a combination of VTINX, VBIAX, & TSP G fund. The cash in bank savings & Vanguard money market accounts. What would be a better asset allocation given a goal of asset protection to keep up with inflation? More bonds? CDs?, Treasuries?, perhaps increase stocks to...
by Enkidu
Sun Jul 30, 2017 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Tax (and other?) Implications of Spending Dividends
Replies: 11
Views: 1240

Re: Tax (and other?) Implications of Spending Dividends

There is nothing wrong with taking dividends for your tIRA and Roth to increase income now, but there may be alternatives that are better in the long run. You may want to look at what your expected income and taxes will be after you and your husband start SS and also after RMDs start. It appears tha...
by Enkidu
Sat Jul 29, 2017 10:47 am
Forum: Personal Consumer Issues
Topic: Phone number stolen
Replies: 41
Views: 3634

Re: Phone number stolen

Maybe someone made a mistake somewhere. "Never attribute to malice that which is adequately explained by stupidity". It is possible that this was a mistake that the customer service people will not acknowledge. All we know for sure is that our account was closed and the number recycled without our ...
by Enkidu
Fri Jul 28, 2017 6:18 pm
Forum: Personal Consumer Issues
Topic: Phone number stolen
Replies: 41
Views: 3634

Re: Phone number stolen

Have you seen this article? Your mobile phone account could be hijacked by an identity thief https://www.ftc.gov/news-events/blogs/techftc/2016/06/your-mobile-phone-account-could-be-hijacked-identity-thief It mentions that companies are obligated to provide written records related to identity theft...
by Enkidu
Fri Jul 28, 2017 5:08 pm
Forum: Personal Consumer Issues
Topic: Phone number stolen
Replies: 41
Views: 3634

Re: Phone number stolen

Either get the phone number back in the next 24 hours by escalating to appropriate management level at your carrier or get a new number. Do not let this situation with a potential stolen number go on without addressing and resolving. Your phone number is like your SSN these days. It unlocks too man...
by Enkidu
Fri Jul 28, 2017 4:11 pm
Forum: Personal Consumer Issues
Topic: Phone number stolen
Replies: 41
Views: 3634

Re: Phone number stolen

I have read that phone numbers are being "stolen" and used for phone scams; that is, when a telephone call is received, the stolen number shows as the CID so it looks legitimate and you are more likely to answer and answer "Rachael" or whomever. My wife received a call a few days ago from somebody ...
by Enkidu
Fri Jul 28, 2017 4:09 pm
Forum: Personal Consumer Issues
Topic: Phone number stolen
Replies: 41
Views: 3634

Re: Phone number stolen

Iliketoridemybike wrote:They wanted that number for a reason. You just have to figure out why.
That will keep me awake at night. :shock: Apparently they had enough information about her to convince PagePlus.
by Enkidu
Fri Jul 28, 2017 4:03 pm
Forum: Personal Consumer Issues
Topic: Phone number stolen
Replies: 41
Views: 3634

Re: Phone number stolen

I am trying to find anywhere her phone was used for two-factor authentication or used as a secondary number. For instance our "home phone" is actually a Google voice number that forwards all calls to both of our mobile phones. Also used as a secondary number on my Gmail account. So far I don't think...
by Enkidu
Fri Jul 28, 2017 3:48 pm
Forum: Personal Consumer Issues
Topic: Phone number stolen
Replies: 41
Views: 3634

Re: Phone number stolen

I would file a complaint with the Federal Communications Commission, stressing the risk to your security by the refusal of the carrier to cooperate in reversing the theft of your phone #. I would also call my local police agency and ask if they have an identity theft unit, and in either case, find ...
by Enkidu
Fri Jul 28, 2017 3:30 pm
Forum: Personal Consumer Issues
Topic: Phone number stolen
Replies: 41
Views: 3634

Re: Phone number stolen

Iliketoridemybike wrote:I have heard of money transfers being set-up and when the call to verify is made....it goes to the stolen number and confirmed as legit.

Yes, this worried me, but after checking it appears that all our accounts use either our home phone or my cell.
by Enkidu
Fri Jul 28, 2017 3:23 pm
Forum: Personal Consumer Issues
Topic: Phone number stolen
Replies: 41
Views: 3634

Re: Phone number stolen

I have read that phone numbers are being "stolen" and used for phone scams; that is, when a telephone call is received, the stolen number shows as the CID so it looks legitimate and you are more likely to answer and answer "Rachael" or whomever. My wife received a call a few days ago from somebody ...
by Enkidu
Fri Jul 28, 2017 3:09 pm
Forum: Personal Consumer Issues
Topic: Phone number stolen
Replies: 41
Views: 3634

Phone number stolen

My wife's phone stopped working today, no calls in or out. When she called her provider (PagePlus) they said that she had called yesterday to discontinue the account and "gave the number away". PagePlus claims there is nothing that they can do about it because the caller had enough information to ve...
by Enkidu
Tue Feb 07, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Any downside to Grandparent 529
Replies: 20
Views: 2925

Re: Any downside to Grandparent 529

I made monthly 529 contributions for each of three grandchildren from the time they were born until I retired. I stopped contributing after I retired for two reasons: I no longer paid state tax, so there was no deduction, and contributions would have come from my tIRA. It made no sense to take funds...
by Enkidu
Sat Dec 10, 2016 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Retirement planning implications for eventual death of spouse
Replies: 27
Views: 2859

Re: Retirement planning implications for eventual death of spouse

• My current thinking is to pick an age that it is likely for one of us to be gone and plan based on that age. Based on family history, I’ve picked age 85 for one of us to be gone. To some degree, this age is totally arbitrary and based on the hope we have many good years together but I needed pick...
by Enkidu
Tue Oct 11, 2016 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Large IRA withdrawal and SS
Replies: 27
Views: 3357

Re: Large IRA withdrawal and SS

She may want to make a three year plan to minimize overall taxes and preserve as much of the IRA as possible. 2016 Withdraw up to the top of the 15% bracket from the tIRA and send the money to the IRS right away. If she is earning $30,000 she should be able to withdraw about $7,000. Additional tax s...
by Enkidu
Mon Aug 22, 2016 12:22 pm
Forum: Investing - Theory, News & General
Topic: Sequence of Returns Risk and Annuities -
Replies: 27
Views: 2676

Re: Sequence of Returns Risk and Annuities -

One quandary is how much to spend in the two-to-four year period between paychecks and SS checks. Knowing that at age 72 I would have more than enough guaranteed annual income for life without taking a penny from my savings seems to open all kinds of possibilities - it's a heckuva back-stop! Johnni...
by Enkidu
Mon Aug 15, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: how get money at retirement
Replies: 11
Views: 3020

Re: how get money at retirement

Gopro, There is another active thread that gets to the question that I think you are asking: How to set up withdrawals from your retirement accounts? Sometimes a small difference in the way a question is asked has an outsize influence on the response. You may get some ideas from this thread, but wha...
by Enkidu
Thu Aug 04, 2016 10:58 am
Forum: Personal Finance (Not Investing)
Topic: How to value a deferred annuity?
Replies: 15
Views: 1200

Re: How to value a deferred annuity?

My question is how to carry this asset in my own calculations of net worth. My first inkling is to treat this like my home -- it's an asset, but it's not liquid, but someday it might provide me with some real liquidity, if I live into my 90s. But what is it worth today? The $125K I paid? Probably n...
by Enkidu
Wed Aug 03, 2016 11:13 am
Forum: Personal Finance (Not Investing)
Topic: How to value a deferred annuity?
Replies: 15
Views: 1200

Re: How to value a deferred annuity?

My question is how to carry this asset in my own calculations of net worth. My first inkling is to treat this like my home -- it's an asset, but it's not liquid, but someday it might provide me with some real liquidity, if I live into my 90s. But what is it worth today? The $125K I paid? Probably n...
by Enkidu
Thu Jul 28, 2016 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Premium increase for federal employee long term care insurance
Replies: 69
Views: 7478

Re: Premium increase for federal employee long term care insurance

I just received my rate increase letter and benefit option form. My wife and I have had policies for about five years and have a 12% rate increase for the same benefit amount. We have 3 years of coverage and used the Future Purchase Option (FPO). Inflation is not included in the premium, but the pri...
by Enkidu
Mon Jul 25, 2016 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: single premium deffered annuities- traditional tax deferred or ROTH
Replies: 11
Views: 1337

Re: single premium deffered annuities- traditional tax deferred or ROTH

The one thing that I find odd is the way that the tIRA IRR moves with different tax rates and The IRR goes from 2.1% for the ten year at 15% tax rate, then drops to 1,4% for the 25% tax rate with a ten year delay, but then goes up to 1.7% with a fifteen year delay. Your comment caused me to look at...
by Enkidu
Sun Jul 24, 2016 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: single premium deffered annuities- traditional tax deferred or ROTH
Replies: 11
Views: 1337

Re: single premium deffered annuities- traditional tax deferred or ROTH

I thought that I should do a couple more examples while I am thinking about this. Assumptions same as above except 25% tax rate. Note that I am assuming that no tax is paid until payments begin. Gender: Female Current age: 65 Start Annuity age: 75 Interest rate: 3.00% Longevity: well above average T...
by Enkidu
Sun Jul 24, 2016 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: single premium deffered annuities- traditional tax deferred or ROTH
Replies: 11
Views: 1337

Re: single premium deffered annuities- traditional tax deferred or ROTH

How does one determine if one should make a SPDA choice in a ROTH or tIRA account? I am pretty sure that a SPDA is an appropriate choice for my wife, since most of her female relatives have lived into their late 90s. Shes has enough money in both ROTH and tIRA to fund this, but I am not sure which ...
by Enkidu
Sat Jul 16, 2016 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Daring to figure it out for myself .. mind numbing pension post
Replies: 17
Views: 3778

Re: Daring to figure it out for myself .. mind numbing pension post

Could you post your estimated SS income at 62 and FRA as a percentage of x, with x being the pension income if you just claimed at retirement (59). Sure if x is my pension at age 59, .79x is my SS at age 62 and 1.10x is my SS at FRA which is between 66 and 67. Also the factors for the pension if yo...
by Enkidu
Fri Jul 15, 2016 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Daring to figure it out for myself .. mind numbing pension post
Replies: 17
Views: 3778

Re: Daring to figure it out for myself .. mind numbing pension post

Income leveling I can request 'income leveling'. Megacorp gives me 1.58x/month until age 62, then it cuts to .75x with the understanding .75x + SS at age 62 = x. There's a range of income leveling options depending on whether I want to claim SS at 62 or any year up to age 67. I am intrigued by the ...
by Enkidu
Thu Jun 30, 2016 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Contribute to traditional while converting to Roth
Replies: 3
Views: 291

Re: Contribute to traditional while converting to Roth

JW-Retired wrote:Only that there is no difference.
Agree with this. Each option yields $20,000 less in the tIRA and $30,000 more in the Roth.
by Enkidu
Wed Jun 29, 2016 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Thrift Savings Plan Expert Needed- Rollover possible for inherited, inherited?
Replies: 6
Views: 625

Re: Thrift Savings Plan Expert Needed- Rollover possible for inherited, inherited?

Unfortunately you can not roll a beneficiary TSP account over. If it is in a regular TSP account (not Roth TSP), all tax will have to be paid on the whole balance as ordinary income this year. The 20% withholding probably will not cover it. From Your TSP Account, A Guide for Beneficiary Participants...
by Enkidu
Fri Jun 24, 2016 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Why should FEHB members buy Medicare Part B?
Replies: 85
Views: 11346

Re: Why should FEHB members buy Medicare Part B?

I ran across the OPM FEHB Call Letter while researching this question, and it gives some insight into what OPM is asking the insurance companies to include in the plans for 2017. Here is a link to the letter: https://www.opm.gov/healthcare-insurance/healthcare/carriers/2016/2016-03.pdf This is what ...
by Enkidu
Fri Jun 24, 2016 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Why should FEHB members buy Medicare Part B?
Replies: 85
Views: 11346

Re: Why should FEHB members buy Medicare Part B?

I think the savings for Aetna Direct comes from the HRA-type fund it sets up for the plan participant, which for self + 1 is $1500. Not sure this feature is reflected in the above table comparing costs. This feature can reduce your Part B premium by $1500, since you can use the Fund to pay for your...
by Enkidu
Thu Jun 23, 2016 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Why should FEHB members buy Medicare Part B?
Replies: 85
Views: 11346

Re: Why should FEHB members buy Medicare Part B?

In researching the question posed in this thread I ran across the Congressional Research Service report discussing the FEHB: Federal Employees Health Benefits (FEHB) Program: An Overview https://www.fas.org/sgp/crs/misc/R43922.pdf It is recent (February, 2013), succinct, and authoritative. As mentio...
by Enkidu
Thu Jun 23, 2016 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Why should FEHB members buy Medicare Part B?
Replies: 85
Views: 11346

Re: Why should FEHB members buy Medicare Part B?

Yes indeed. It's also true that Congress are FERS employees too (I'm just saying). Congress people and many of their staff have to get coverage through an ACA exchange while they are working, but they are eligible for FEHB when they retire. The health insurance details for congress and staff are su...
by Enkidu
Thu Jun 23, 2016 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Coaches?
Replies: 52
Views: 4958

Re: Retirement Coaches?

Well, my wife and I actually used a retirement coach and found it helpful. I can't remember all the details now, but about a six months to a year before I retired, I got an email from my employer discussing services that were available free to employees. One of them was retirement coaching, which am...
by Enkidu
Sat Jun 18, 2016 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Is the C fund too risky?
Replies: 20
Views: 2485

Re: Is the C fund too risky?

You also have the option of converting your TSP to an annuity, with inflation-adjusted payments; this ensures that you will not outlive the money, but also removes any leftovers from your estate. However, the current TSP annuity rate is 1.8%, which works out to $1875/month, quite a bit less than th...
by Enkidu
Fri Jun 17, 2016 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Is the C fund too risky?
Replies: 20
Views: 2485

Re: Is the C fund too risky?

Congratulations on your upcoming retirement, and having put yourself in a good position. Clearly, you didn't get to $1.25 million by keeping your assets in the only G fund for all those years. I agree that you should do some reading before you retire. You don't say if you are married, or if you want...
by Enkidu
Fri Jun 17, 2016 5:00 pm
Forum: Personal Consumer Issues
Topic: Internet/WiFi speeds and costs
Replies: 54
Views: 5623

Re: Internet/WiFi speeds and costs

We use AT&T for internet only, 18MBS down for $57 + $7 modem rental. Total bill with tax works out to about $64/Month. They recently implemented a cap on our account of 600GB download/month, so far, we nowhere near the cap. Extra fees apply after exceeding the cap. Rep says that we have to pay the m...
by Enkidu
Wed Jun 15, 2016 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Why should FEHB members buy Medicare Part B?
Replies: 85
Views: 11346

Re: Why should FEHB members buy Medicare Part B?

Politics aside, I would be quite shocked if fed retirees who opted out of Medicare Part B in favor of FEHB plans were financially punished if later forced into Part B. It's likely they would be 'grandfathered' in. I agree with this. Good point about coordinated plans between FEHB and Medicare means...
by Enkidu
Wed Jun 15, 2016 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Why should FEHB members buy Medicare Part B?
Replies: 85
Views: 11346

Re: Why should FEHB members buy Medicare Part B?

What is the chance you will get divorced? If you do, the non-federal employee spouse will pay a penalty for life. The OP may think this can't happen, but I know someone in this situation now. Just another thing to consider. Thanks, this is something that I had not considered. Not quite sure how to ...
by Enkidu
Tue Jun 14, 2016 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Why should FEHB members buy Medicare Part B?
Replies: 85
Views: 11346

Re: Why should FEHB members buy Medicare Part B?

I have gone through the insurance brochures for Kaiser, Aetna Direct, GEHA, and BCBS. All are available in Georgia, where I live. There are some notable differences in coverage, but they all cover the basics. Aetna Direct is designed to work with Medicare, and is by far the clearest in terms of defi...
by Enkidu
Tue Jun 14, 2016 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Why should FEHB members buy Medicare Part B?
Replies: 85
Views: 11346

Re: Why should FEHB members buy Medicare Part B?

What is the chance you will get divorced? If you do, the non-federal employee spouse will pay a penalty for life. The OP may think this can't happen, but I know someone in this situation now. Just another thing to consider. Thanks, this is something that I had not considered. Not quite sure how to ...
by Enkidu
Sun Jun 12, 2016 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Why should FEHB members buy Medicare Part B?
Replies: 85
Views: 11346

Re: Why should FEHB members buy Medicare Part B?

In the OP and some followup, I pointed out that the majority of the benefits of Medicare Part A and and B go to the Insurance company. If the annuitant signs up for a Medicare Advantage program, like Kaiser Senior Advantage, the benefits go to the insurance company and OPM, but some benefits also go...
by Enkidu
Fri Jun 10, 2016 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Why should FEHB members buy Medicare Part B?
Replies: 85
Views: 11346

Re: Why should FEHB members buy Medicare Part B?

We signed up for Part B. Cost to us for Part B is currently $104.90/mo each, so $2,517.60/yr. At the same time, we dropped from Standard to Basic Self and Family and this year switched to Self plus 1. The difference in premiums between Standard and Basic for 2016 is $1,834.50(less). The difference ...
by Enkidu
Fri Jun 10, 2016 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Why should FEHB members buy Medicare Part B?
Replies: 85
Views: 11346

Re: Why should FEHB members buy Medicare Part B?

Again, not a federal employee or retiree -- BUT enrolled in Kaiser Medicare (Wash DC area). My Kaiser Medicare plan INCLUDES part D, prescriptions. HOWEVER, that is (somehow) within the Kaiser medicare plan and I dod NOT enroll (or sgn up for) part D with Medicare. The Kaiser options for the Medica...
by Enkidu
Thu Jun 09, 2016 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Why should FEHB members buy Medicare Part B?
Replies: 85
Views: 11346

Re: Why should FEHB members buy Medicare Part B?

I feel you can never have too much medical coverage , just because H has a parent on dialysis and another getting cancer treatment. They had both FEHB and Medicare A & B, and got excellent coverage and were able to go to the providers they preferred. Do you also pay for Medicare Part D in addition ...
by Enkidu
Tue Jun 07, 2016 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Why should FEHB members buy Medicare Part B?
Replies: 85
Views: 11346

Re: Why should FEHB members buy Medicare Part B?

Lots of thoughtful replies. Thanks. Personally, I would expand my analysis to include other options such as Aetna Direct (which contributes towards your Medicare Part B premiums as you suggested should occur in your post). At first glance, Aetna Direct + Medicare Part B *appears* to be cheaper for s...