Search found 1563 matches

by Lynette
Fri Feb 23, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: How Do People Without Computer Access Prepare and File Their Taxes?
Replies: 53
Views: 2709

Re: How Do People Without Computer Access Prepare and File Their Taxes?

I got mine yesterday. I called some time in December and was told that there would be a delay. I was planning to do mine manually to learn how to do them before I gave them to my accountant! I got the 1040 as well as instructions on how to do them.
by Lynette
Thu Feb 22, 2018 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Employment for Immigrant Wife
Replies: 27
Views: 2321

Re: Employment for Immigrant Wife

deleted
by Lynette
Tue Feb 20, 2018 11:32 am
Forum: Personal Consumer Issues
Topic: Expat Living
Replies: 47
Views: 4819

Re: Expat Living

For me a major issue is dealing with taxation, different laws of inheritance etc.etc. I was born overseas and though I have been in the US for nearly 40 years, I still have some financial interests such as a small pension there. What a pain. A sibling overseas and one in the US are my heirs. I will ...
by Lynette
Mon Feb 19, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: Single People and Retirement Question
Replies: 105
Views: 9458

Re: Single People and Retirement Question

travellight wrote:
Mon Feb 19, 2018 5:59 am
thanks for your post, itiswhatitis.
Thanks for posting itiswhatitis.
by Lynette
Sun Feb 18, 2018 7:03 pm
Forum: Personal Consumer Issues
Topic: Single People and Retirement Question
Replies: 105
Views: 9458

Re: Single People and Retirement Question

There is so much to do in life - just do it. My Health Club is unusually sociable and I go there every morning - free bagel and coffee. There is a group of older guys - likely in their eighties who come each morning - socialize and exercise. There are also a few guys in the yoga and Pilates class. S...
by Lynette
Sat Feb 17, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of spending money on appearance in career
Replies: 79
Views: 5787

Re: Effect of spending money on appearance in career

I did not work for GM but live in the area. This is a photo of Mary Barra, CEO of GM. This is how most of the women executives I know dress. Obviously she works in a technical industry. If she worked for an advertising organization, I am sure she would might dress differently. https://en.wikipedia.o...
by Lynette
Sat Feb 17, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Effect of spending money on appearance in career
Replies: 79
Views: 5787

Re: Effect of spending money on appearance in career

Unfortunately it does matter especially if you want to be promoted. I retired from IT and we had women exec's in senior management. They were always impeccably dressed. They dressed conservatively but sometimes the events were streamed live and the company's image was at stake. They all wore heels -...
by Lynette
Sun Feb 11, 2018 2:39 pm
Forum: Personal Consumer Issues
Topic: Single People and Retirement Question
Replies: 105
Views: 9458

Re: Single People and Retirement Question

There are so many, many things to do. At the moment I'm auditing a classes in photography and Spanish at a community college. I'm not really good at photography. My recent assignment was to take a photography and superimpose something on it not to size. It's snowing and despite this I discovered a l...
by Lynette
Sat Feb 10, 2018 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring soon.....401K vs rollover to IRA?
Replies: 16
Views: 979

Re: Retiring soon.....401K vs rollover to IRA?

There is probably no reason why you should be in a hurry to roll over a 401K if the funds are good and low cost. I had no intention of rolling mine over and I took my first RMD from my 401K. What persuaded me to roll it over was so that I could take QCDs and reduce my AGI (and more specifically MAGI...
by Lynette
Mon Feb 05, 2018 11:34 am
Forum: Investing - Theory, News & General
Topic: A Simple and Safe Retirement Income Strategy that beats many others
Replies: 14
Views: 2776

Re: A Simple and Safe Retirement Income Strategy that beats many others

I did not read the study but from my reading of this forum, many Bogleheads retire early and have substantial tax-deferred income. They use the years between early retirement and 70 to do Roth conversions to reduce tax once they start to take SS. By contrast, I worked till 70 (actually 73) and did n...
by Lynette
Mon Jan 22, 2018 8:28 pm
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 77
Views: 9112

Re: The Power of Working Longer

Deleted
by Lynette
Mon Jan 22, 2018 6:35 pm
Forum: Personal Consumer Issues
Topic: Work-out schedule for those in 60s
Replies: 78
Views: 6402

Re: Work-out schedule for those in 60s

I answer this post from my threshold, which may or may not apply to u. I just turned 70 last month so the previous decade I was in my 60's. I am a severe osteoarthritic and weight training at this part of life is OUT, really OUT. I exercise walk two to three miles 4 times a week currently. A few ye...
by Lynette
Mon Jan 22, 2018 6:24 am
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 108
Views: 24072

Re: Vanguard opens special offices for $1 million clients

I'm not Flagship status but I see no need for personal contact. There are two Fidelity Offices that are each three miles from me. The office was convenient for me to deliver checks when I rolled over my 401K to an IRA. Other than that I have found the Fidelity and Vanguard telephone support more tha...
by Lynette
Sun Jan 21, 2018 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Going to one income-seeking testimonials
Replies: 98
Views: 4886

Re: Going to one income-seeking testimonials

That's good that she brought it up. But, not being a "homemaker" type .....she may change her mind. I recommend being flexible with this decision, allow time to see how it goes, and be willing to change things. My wife chose to work, so we both had to change our paths (we sought out government jobs...
by Lynette
Sat Jan 20, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 163
Views: 18616

Re: How to Minimize Your Emergency Care Expenses

Thank you so much WCI for taking the time to explain the system. I'm fortunate to be in excellent health for a senior and I think that if some is really ill, one should seek the appropriate care. But to give a different perspective, I grew up in a country where there was virtually no malpractice. I'...
by Lynette
Fri Jan 19, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for a lay off - what steps to take now
Replies: 37
Views: 3620

Re: Preparing for a lay off - what steps to take now

Networking is the best way to get a new job and you have been given good advice on this above. But for most of us who have lost our jobs, the psychological aspect is great. As one outplacement company with whom I worked explained, it as if one lost a loved one and the same stages of grief - denial, ...
by Lynette
Tue Jan 16, 2018 9:54 pm
Forum: Investing - Theory, News & General
Topic: Anyone pondering moving to a cheaper place and downsizing?
Replies: 63
Views: 4631

Re: Anyone pondering moving to a cheaper place and downsizing?

Thousands of people apparently enjoy it. I've heard that the ex-pat community in Southeast Asia is surprisingly large. I know what they are looking for there. :?: There are inexpensive options for...entertainment...of retired....men...even if some of those opportunities are not quite what they seem...
by Lynette
Tue Jan 16, 2018 8:13 pm
Forum: Investing - Theory, News & General
Topic: Anyone pondering moving to a cheaper place and downsizing?
Replies: 63
Views: 4631

Re: Anyone pondering moving to a cheaper place and downsizing?

Rob in cal, Welcome to Bogleheads. What a interesting thought... This article has your name written all over it. Enjoy... http://www.mrfreeat33.com/can-you-retire-in-thailand-with-200000/ Great article. I''ve been seriously considering living abroad for some time. I'm single, no kids, and with my s...
by Lynette
Tue Jan 16, 2018 6:20 pm
Forum: Personal Consumer Issues
Topic: US escorted tours
Replies: 15
Views: 1043

Re: US escorted tours

I've been with Trafalgar on tours of the National Parks in the US. I've also been with them overseas and there were a lot of Australian visitors there as well as the US. I think that Trafalgar markets in Australia as well. I've also been with Roadscholar but there were only Americans. Trafalgar may ...
by Lynette
Mon Jan 15, 2018 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating health care expenses in retirement
Replies: 12
Views: 1443

Re: Estimating health care expenses in retirement

As I have pensions, took SS at 70 and have most of my portfolio in tax deferred, I am subject to IRMAAs. As a single person, I am playing about $450 per month for medicare B and D premiums. Medigap G and Drug costs total about $200 per month. So for a single person I am paying nearly $8,000 p.a. - ...
by Lynette
Mon Jan 15, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Estimating health care expenses in retirement
Replies: 12
Views: 1443

Re: Estimating health care expenses in retirement

Also take in to account Medicare IRMAA especially if you have pension. Try to do Roth conversions before 70 when RMDs become mandatory. Also if you start to take SS at 70, this adds to your MAGI that is used to calculate Medicare premiums. I did not know about Medicare IRMAA as I assumed that Medica...
by Lynette
Sun Jan 14, 2018 8:34 pm
Forum: Personal Consumer Issues
Topic: Looking for a reasonably priced, safe international destination
Replies: 107
Views: 6659

Re: Looking for a reasonably priced, safe international destination

You can travel inexpensively in England and most places in Europe if you are prepared to live slightly further out of the town. My first priority is a place close to a metro. Most European cities have excellent rail transportation.
by Lynette
Sat Jan 13, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Retirement Checklist.
Replies: 16
Views: 2729

Re: 2018 Retirement Checklist.

Have you developed a spreadsheet that models your taxes over a period of time until you have to start to take RMDs? I've been retired for a year and underestimated the amount of time it would take including some nasty surprises such as Medicare IRMAA. You might want to look seriously at Roth convers...
by Lynette
Sat Jan 13, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4844

Re: why do banks bother offering lousy CD rates?

It depends on the amount and interest rate. I have $15K in a savings about at Ally. This past year the interest rate was 1%. I pay tax on the interest at 28% marginal (old rates). Then I have the hassle of dealing with the paperwork and have to pay my accountant to do this. It also counts towards my...
by Lynette
Sat Jan 13, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: First time Medicare question
Replies: 18
Views: 995

Re: First time Medicare question

Did you talk to Medicare about that? I went to the "Welcome to Medicare" exam and I got a letter from Medicare telling me what they would not cover everything and outlined the maximum that the doctor could bill me. In my case the doctor's office got the billing code wrong as I did not retire at the ...
by Lynette
Sat Jan 13, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Roth convert to just below IRMAA threshold?
Replies: 13
Views: 933

Re: Roth convert to just below IRMAA threshold?

I haven't looked at your numbers but if you have pensions, SS and tax-deferred savings, I've found it is really difficult to plan to manage IRMAA after 70. For example, in 2018 Medicare added another bracket that caught me off guard. If one goes over $1 of an IRMAA bracket, one has to pay the additi...
by Lynette
Sat Jan 13, 2018 7:24 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 202
Views: 14064

Re: Post your Financial Milestone Announcements Here

My milestone is that after one year of retirement, I realized that my pensions and SS (net of tax and IRMAA) will cover my needs with quite a bit of travel without touching my savings. I worked till 73 and was able to go overseas four to five times a year for 20 years as well as give a lot of money ...
by Lynette
Fri Jan 12, 2018 7:14 am
Forum: Investing - Theory, News & General
Topic: Zimbabwe stock market acting strangely again
Replies: 15
Views: 1946

Re: Zimbabwe stock market acting strangely again

I'm formerly South African and it is tragic what has happened to Zimbabwe. I checked a website and cannot find the exact numbers but find that there are probably between two and three million illegal Zimbabweans living in South Africa. There have been xenophobic attacks against Zimbabweans in South ...
by Lynette
Thu Jan 11, 2018 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Help me stop my addiction to stock market peeping!
Replies: 66
Views: 4629

Re: Help me stop my addiction to stock market peeping!

I have been retired for about a year. At first I spent a lot of time figuring out Medicare, pensions, SS and taxes. A simultaneous project was to fix up my house to sell. I decided to stay. Then I fixed up the garden. By the end of the day, I was so exhausted, I couldn't care about anything else. Re...
by Lynette
Wed Jan 10, 2018 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Math - What I am not thinking of?
Replies: 26
Views: 4189

Re: Early Retirement Math - What I am not thinking of?

Good Morning, Best wishes in general and especially on the tax front. Hire a good tax accountant who can help you navigate through the mire of having to fill in two sets of tax returns for countries who have different laws regulations on matters such as capital gains. I was born in South Africa and ...
by Lynette
Tue Jan 09, 2018 8:30 pm
Forum: Personal Consumer Issues
Topic: Early Retirement Incentive Plan is generating paranoia in a co-worker
Replies: 47
Views: 5696

Re: Early Retirement Incentive Plan is generating paranoia

Dottie, best wishes for this stressful time. I worked for a megacorp during the 2007-2008 crisis. There were packages, threats that if enough people did not take it, there would be layoffs etc. etc. The rumor mill works overtime. Management usually has to get its numbers and they would prefer people...
by Lynette
Tue Jan 09, 2018 5:48 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 184
Views: 20133

Re: Anyone disenchanted with retirement?

I don't want to go back to work but I was getting bored in the past month. I've been retired for a year and fixed up my house and garden. My new driveway is wonderful in the winter - no more slipping and sliding as on the old uneven one. I was taking Spanish classes at a community college but there ...
by Lynette
Tue Jan 09, 2018 9:32 am
Forum: Local Chapters and Bogleheads Community
Topic: Livesoft at 58,000 posts!
Replies: 36
Views: 3122

Re: Livesoft at 58,000 posts!

Congratulations and thanks. Through your instruction and threads, I managed to do some tax loss harvesting.

The community on this board is amazingly generous with their expertise and time. It is a second unpaid job for many such as Livesoft and Taylor.

Thanks,

Lynette
by Lynette
Tue Jan 09, 2018 9:19 am
Forum: Personal Consumer Issues
Topic: When to drop comprehensive auto coverage?
Replies: 25
Views: 2559

Re: When to drop comprehensive auto coverage?

I need to investigate this but don't know if I can do much. In Michigan we have no-fault insurance and I have a 2015 Taurus. I am paying $2,000 p.a. in insurance.
by Lynette
Mon Jan 08, 2018 10:29 pm
Forum: Personal Consumer Issues
Topic: Best Phone Plan for 1 person
Replies: 86
Views: 3832

Re: Best Phone Plan for 1 person

It sounds like the general consensus is to go with either the Google Fi service or AT&T prepaid (which both look like good options). It is going to be hard for me to fork over $700 for the iPhone 8 but $40/mo for unlimited talk, text, and 6GB of data with a $50 reimbursement/month will be nice. Any...
by Lynette
Mon Jan 08, 2018 9:47 am
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 8990

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

I'm not particularly interested in these threads other than the original post, but I'm glad they have been "tolerated" and I hope that will continue. Thanks, Alex, for asking. :happy I agree that it is difficult to draw a line. Some of the threads that supposedly ask for advice can also be intimida...
by Lynette
Sat Jan 06, 2018 8:51 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 450
Views: 35602

Re: What frugal thing did you do today?

My husband and I washed our car today. Actually, he washed the car and I just admired how shiny and wonderful it looks. Enjoy your good weather! You obviously don't live on the East coast or Midwest. Alexa tells me it is going to 1 degree tonight! I went to my health club, got a free bagel and coff...
by Lynette
Sat Jan 06, 2018 12:06 pm
Forum: Forum Issues and Administration
Topic: Misuse of adverse when averse was meant
Replies: 145
Views: 6098

Re: Misuse of adverse when averse was meant

John and me are going to town .. or John and I It is me .. or It is I between you and me or between you and I In Latin, it is drummed into one that the verb to be takes the same case after it as before and usually in English (I think) prepositions are followed by the accusative (objective) case. Usa...
by Lynette
Fri Jan 05, 2018 7:56 pm
Forum: Forum Issues and Administration
Topic: Misuse of adverse when averse was meant
Replies: 145
Views: 6098

Re: Misuse of adverse when averse was meant

@cal91 :D :D I grew up using "English" spelling. I learn t that I supposedly made many spelling mistakes. On "public" forums, I use the majority approved spelling; on my personal social media (FB/blog etc), I use a judgement call and favour my original spelling! It becomes confusing when one writes...
by Lynette
Fri Jan 05, 2018 7:20 pm
Forum: Forum Issues and Administration
Topic: Misuse of adverse when averse was meant
Replies: 145
Views: 6098

Re: Misuse of adverse when averse was meant

@cal91 :D :D I grew up using "English" spelling. I learnt that I supposedly made many spelling mistakes.
by Lynette
Fri Jan 05, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: RMD First-Timer needs help
Replies: 33
Views: 2403

Re: RMD First-Timer needs help

Lynetter wrote: QCDs can only be taken from IRAs and not 401K. Well, that squashes that idea. I plan to do my last ROTH conversion with the last bit of my tIRA this year. I wonder why 401ks don't qualify for QUDs. A Medicare IRMAA reduction would be most appreciated. My guess would be that 401Ks ar...
by Lynette
Fri Jan 05, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: RMD First-Timer needs help
Replies: 33
Views: 2403

Re: RMD First-Timer needs help

QCDs are a good idea. It's time I look into using them. Thanks for the reminder and the link. I did not read the entire thread carefully but note that QCDs can only be taken from IRAs and not 401K. The first distribution from a 401K is regarded as a RMD. My entire tax deferred account was in an 401...
by Lynette
Fri Jan 05, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: Home Remodeling?
Replies: 14
Views: 1392

Re: Home Remodeling?

this may involve structural work, way beyond a "handyman" jack of all trades carpenter with a pickup and a dog . Skylights and roof penetrations should be coordinated with a "roofer" so flashing is done correctly, and tie ins. A finish carpenter is high level.Many carpenters with a pickup truck and...
by Lynette
Fri Jan 05, 2018 9:10 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 27188

Re: Hitting The Sell Button

Nedsaid, Thanks for posting. An IPS sounds like a lot of hard work to me so I don't have one. Recently I rolled over my 401K to Vanguard and Fidelity IRA's. I landed up having more stock funds outside of my normal 60/40 AA. I have to take RMDs this year so I just sold some stock funds in both Fidel...
by Lynette
Thu Jan 04, 2018 8:19 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 27188

Re: Hitting The Sell Button

Earlier in this thread I mentioned that when I rolled over my 401K to Fidelity and Vanguard, I landed up with an AA of about 62/38 instead of my desired 60/40. I was planning to do my RMDs later in the year and QCDs gradually. Today I sold stock in both accounts to get me back to 60/40. My RMD is a ...
by Lynette
Thu Jan 04, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: [How much should I give to charity?]
Replies: 17
Views: 1595

Re: [How much should I give to charity?]

I always gave to my church and Salvation Army whom I greatly admire. This year I'll unashamedly admit it is tax considerations that have made me decide to increase my charitable giving. I have pensions, full SS and have to take RMDs. I worked till 73 so did not have much opportunity for Roth convers...
by Lynette
Thu Jan 04, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Too much tax deferral?
Replies: 26
Views: 3439

Re: Too much tax deferral?

Try to do better planning than I did as I did not know about Medicare IRMAA premiums - rarely go to a doctor and assumed Medicare would be about the same amount as I paid for health care while working. This was $2,400 p.a. My planning was based on traveling a great deal and working longer till 73 so...
by Lynette
Thu Jan 04, 2018 10:19 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 27188

Re: Hitting The Sell Button

Nedsaid, Thanks for posting. An IPS sounds like a lot of hard work to me so I don't have one. Recently I rolled over my 401K to Vanguard and Fidelity IRA's. I landed up having more stock funds outside of my normal 60/40 AA. I have to take RMDs this year so I just sold some stock funds in both Fideli...
by Lynette
Thu Jan 04, 2018 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Embarrassment Preventing Retirement Work: A factor for you?
Replies: 133
Views: 13063

Re: Embarrassment Preventing Retirement Work: A factor for you?

Interesting topic. I think that if you want to work in retail, a small bookstore or other would be more interesting. I don't know if it has been mentioned but I know several people who drive people who don't have family close by to doctor's appointments. If you have minor surgery, the hospital insis...