Search found 92 matches

by Ready3Retire
Tue Jun 19, 2018 5:34 am
Forum: Investing - Theory, News & General
Topic: FIRECalc/Pension vs Lump Sum Question
Replies: 3
Views: 554

Re: FIRECalc/Pension vs Lump Sum Question

Thanks for the replies. I realized I made a minor error of putting in 2020 as the start date (since this is the date I plan to start retirement). However, by doing this, I believe the model projects 2 years of growth to the initial portfolio before starting the drawdown. Anyway, when I put in this y...
by Ready3Retire
Mon Jun 18, 2018 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Messy Divorce -- Forensic Accounting Help....
Replies: 120
Views: 9723

Re: Messy Divorce -- Forensic Accounting Help....

Very sorry for your situation. Especially the infidelity as it relates to the children. Agree best to get through the process as quick as possible so you can move on.
by Ready3Retire
Mon Jun 18, 2018 9:04 pm
Forum: Personal Consumer Issues
Topic: Italy Trip Questions
Replies: 33
Views: 1835

Re: Italy Trip Questions

We loved this agritourismo:

http://igreppidisilli.it/en/

We took the train from Rome to Orvieto and drove to the farm. After 4 nights we dropped the car off just outside of Florence. Also drove to the Med one day for a swim in the nice and warm sea.
by Ready3Retire
Sun Jun 17, 2018 1:44 pm
Forum: Personal Consumer Issues
Topic: Italy Trip Questions
Replies: 33
Views: 1835

Re: Italy Trip Questions

That is the same trip we did in 2015 with my wife and two teenage boys. Everyone loved the trip. We flew into and stayed 4 nights in Rome, 4 nights in Tuscany at an agritourism farm, and then 3 nights in Florence and flew out of there. We found that amount of time and sequence just right. We were re...
by Ready3Retire
Sun Jun 17, 2018 1:02 pm
Forum: Investing - Theory, News & General
Topic: FIRECalc/Pension vs Lump Sum Question
Replies: 3
Views: 554

FIRECalc/Pension vs Lump Sum Question

I’d appreciate any feedback on my conclusions from running FIRECalc in comparing a lump sum vs a pension. I’m strictly doing this analysis to compare a lump sum vs pension so have not included other sources of income like Social Security, 401K, Roths, after tax. Background I work for a MegaCorp and ...
by Ready3Retire
Fri Jun 01, 2018 9:38 pm
Forum: Investing - Theory, News & General
Topic: Really bad days (RBDs) and porfolio performance
Replies: 63
Views: 8464

Re: Really bad days (RBDs) and porfolio performance

When the total bond fund went up .71% this week, I really had to fight the urge to move all $450k from that fund into the s&p500 that was down that day significantly. Alas I did not do this and as a result the s&p500 went up 1.3% the next day while total bond went down .3%. :oops:
by Ready3Retire
Sat May 26, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Minor car accident two years ago. How long till clear record?
Replies: 14
Views: 1422

Re: Minor car accident two years ago. How long till clear record?

I believe it is 3-5 yrs. likely varies by state and insurance provider. $100 a month per vehicle is not ridiculous depending on age and type of vehicle. Call your insurance company and ask them when each accident will clear and rates will drop. Nothing you can do other than shop around now to see if...
by Ready3Retire
Sat May 05, 2018 11:20 pm
Forum: Personal Consumer Issues
Topic: most compelling TV character ever
Replies: 175
Views: 16554

Re: most compelling TV character ever

Jim Rockford! I’m surprised no one else mentioned this great TV character.
by Ready3Retire
Sat Apr 21, 2018 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Settlement Offer -- Accept or Wait?
Replies: 66
Views: 5733

Re: Settlement Offer -- Accept or Wait?

I'm not sure what you mean by your question. The care I described was the only care I received. Beyond the items I listed, no care was necessary. I didn't see in your original post that you used your medical insurance for the hospital visit but they offered to reimburse you for the co pay. Good luck.
by Ready3Retire
Sat Apr 21, 2018 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Settlement Offer -- Accept or Wait?
Replies: 66
Views: 5733

Re: Settlement Offer -- Accept or Wait?

Wow, an offer in 1 week is fast! My suggestion is wait a few weeks to ensure no additional physical issues crop up. Did they pay for 100% of the medical care you received to date?
by Ready3Retire
Sat Apr 21, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage payment frequency - Monthly vs. Weekly
Replies: 15
Views: 2038

Re: Mortgage payment frequency - Monthly vs. Weekly

The easiest thing to do to pay down your mortgage faster is to just call your mortgage lender. Tell them you want to increase your monthly payment (which I assume is an auto/ACH payment each month), and apply the excess to your principal. They will either make the change while you are on the phone o...
by Ready3Retire
Sun Mar 25, 2018 7:19 am
Forum: Investing - Theory, News & General
Topic: financial advisory post-retirement?
Replies: 27
Views: 3041

Re: financial advisory post-retirement?

The .03% fee is much less than typical fees, although it can still feel high at times.
You may have made a typo. Vanguard charges 0.3% of AUM.
by Ready3Retire
Wed Mar 14, 2018 5:20 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 483
Views: 43159

Re: What frugal thing did you do today?

Our cabinet depth Viking fridge no longer defrost itself. So now I use a hairdryer to melt the ice forms/blocks the air duct from the freezer to the fridge every 6 months or so. I am not buying a new fridge (only 3 companies makes the size we have, Viking, subzero and something else I forgot becaus...
by Ready3Retire
Thu Mar 01, 2018 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Selling Condo without putting on the market
Replies: 20
Views: 1173

Re: Selling Condo without putting on the market

Your trusted acquaintance is trying to act as a buyer's and seller's agent. Ask him how much he is proposing for the real estate fee that you pay. If it is just the going rate - e.g. 6% then you have to decide if the convenience, and the flexibility on move out date is worth perhaps not getting the ...
by Ready3Retire
Mon Feb 19, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 12002

Re: What has been your most important skill in achieving financial independence?

Every year you get a raise, increase your savings rate by 1/3 to 1/2 the amount. This is a great way to avoid lifestyle creep and to get to max 401k & Roth contributions quicker.
by Ready3Retire
Mon Feb 19, 2018 10:27 pm
Forum: Personal Consumer Issues
Topic: $12,000 Refrigerator? [Looking in $7k price range]
Replies: 71
Views: 8656

Re: $12,000 Refrigerator? [Looking in $7k price range]

:oops: The big cost driver is whether the fridge is built in or not. We remodeled our kitchen in 2001 including a built in Kitchen Aid fridge (has cabinets all around). Our 17 year old fridge is now on the Fritz. Replacement Kitchen Aid that fits in the same space is $7k...about the cost of one year...
by Ready3Retire
Thu Feb 01, 2018 6:43 am
Forum: Investing - Help with Personal Investments
Topic: Muncipal Bond funds
Replies: 6
Views: 1245

Re: Muncipal Bond funds

Two I like are: FMHTX - Fido Mich Muni bond fund, and VWIUX Vang intermediate term muni bond fund. You can sell either whenever you want.
by Ready3Retire
Wed Jan 31, 2018 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: I have an overwhelming gift I'm in need of help of please.
Replies: 89
Views: 8589

Re: I have an overwhelming gift I'm in need of help of please.

A similar thing happened to my wife and me a few years ago. What we chose to do was 1) deposit $200K in Vanguard- 50% VWIUX Limited term muni bond, 40% total us, 10% ex us;2) used remaining money to fund any shortfall from maxing out 401k and Roth’s each year; and 3) pay extra $500 on mortgage each ...
by Ready3Retire
Sat Jan 06, 2018 10:39 am
Forum: Investing - Help with Personal Investments
Topic: New tax plan-62 year old convert to Roth before RMD?
Replies: 31
Views: 2807

Re: New tax plan-62 year old convert to Roth before RMD?

Good discussion! New tax plan or old plan, using I-ORP to optimize tIRA to Roth conversions prior to RMDs is a great way to avoid paying extra taxes. :moneybag
by Ready3Retire
Fri Jan 05, 2018 7:49 pm
Forum: Forum Issues and Administration
Topic: Misuse of adverse when averse was meant
Replies: 149
Views: 8797

Re: Misuse of adverse when averse was meant

My personal pet peeve:

Regardless = word
Irrespective = word
Irregardless = not a word
by Ready3Retire
Thu Jan 04, 2018 11:18 pm
Forum: Personal Consumer Issues
Topic: Water filtration system - worth it?
Replies: 37
Views: 3179

Re: Water filtration system - worth it?

The two most significant things my family noticed when comparing a glass of water from the activated carbon filtered water vs non filtered tap water was the difference in chlorine odor and the improved taste. Suggest people look at their local municipality's water report before deciding whether to i...
by Ready3Retire
Wed Jan 03, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA 5 year rule
Replies: 32
Views: 2203

Re: Roth IRA 5 year rule

Good information! I always thought one had to meet both the 59 1/2 year old requirement AND the 5 year requirement for tax/penalty free withdrawls. I guess I can stop creating separate Roth accounts for each calendar year... I'm up to 13 separate accounts so far (6 for her and 7 for him) :oops:
by Ready3Retire
Wed Jan 03, 2018 7:09 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation of recently acquired windfall
Replies: 12
Views: 1070

Re: Asset Allocation of recently acquired windfall

One suggestion is to invest the $250K in the Fidelity New Jersey Muni Income fund (FNJHX). It has a rather high er of 0.47% but then again 6.37% state tax is rather high. Let's see what others think. Also, suggest using some of the $300K money to enable you to increase your Roth and 401K contributio...
by Ready3Retire
Tue Jan 02, 2018 10:21 pm
Forum: Personal Consumer Issues
Topic: Water filtration system - worth it?
Replies: 37
Views: 3179

Re: Water filtration system - worth it?

Agree with prior post. RO removes most of the beneficial minerals. Best bet for improved drinking/cooking/brewing (coffee & beer) water is an under counter 2 stage activated carbon water filter system. It removes most of the impurities but leaves the good minerals.
by Ready3Retire
Tue Jan 02, 2018 12:43 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1857
Views: 340138

Re: What are you up YTD? [Year To Date]

If one is going to do rebalancing, then one is implicitly aware of performance.
Agree. For example, one may need to rebalance from cash to bonds today (e.g. BND/AGG). :)
by Ready3Retire
Wed Dec 27, 2017 10:08 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 139
Views: 24681

Re: Muni Money Market funds starting to look good!

Agree! I love my FMHTX Fidelity Michigan Muni Income Fund. Up over 4% YTD.
by Ready3Retire
Sun Dec 24, 2017 10:59 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Present to You
Replies: 90
Views: 9163

Re: My Christmas Present to You

Taylor- thank you for the present that keeps on giving, and thank you for your service!!
by Ready3Retire
Tue Dec 19, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Portofolio Advice for wildly unbalanced portfolio 97/3
Replies: 25
Views: 2106

Re: Portofolio Advice for wildly unbalanced portfolio 97/3

Your wife can and should have a retirement account. Do a backdoor Roth for her.
Agree. Do one now for 2017, and one in January for 2018.
by Ready3Retire
Fri Dec 15, 2017 7:01 am
Forum: Personal Finance (Not Investing)
Topic: What is a Reasonable Retirement Cost of Living?
Replies: 47
Views: 6250

Re: What is a Reasonable Retirement Cost of Living?

Since my pension and 401k withdrawals will be pre tax, I prefer to use gross/pre-tax for estimating a retirement income target. Since I won't be making 401k contributions or paying FICA when I'm retired, I'm using my current gross less 401K contributions and FICA. So if someone is grossing $151,400 ...
by Ready3Retire
Sun Dec 10, 2017 9:03 pm
Forum: Personal Consumer Issues
Topic: Best Parmesan Cheese for Salad
Replies: 29
Views: 2005

Re: Best Parmesan Cheese for Salad

If you are looking for good Parmesan, get 24 month aged parmigiano-reggiano. It’s a little more expensive than 18 month but definitely tastes better.
by Ready3Retire
Mon Nov 27, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 10222

Re: Can I afford a $1,400,000 house

Assets: $95K + $75K = $170K
Liabilities: $315K + $175K+ $25K = $515K

You are under water. Get your head above water, then think about a more expensive house.
by Ready3Retire
Fri Nov 10, 2017 6:29 pm
Forum: Personal Consumer Issues
Topic: 450,000 American Airlines MILES gifted to me - how to book
Replies: 25
Views: 2674

Re: 450,000 American Airlines gifted to me - how to book

If your uncle logs onto his AA account he can see when the miles expire. My American Airline account says my miles (46k currently) expire 18 months after the last activity. Any addition or use of the miles count as activity. He can buy a magazine subscription with the miles, or donate some miles to ...
by Ready3Retire
Fri Nov 10, 2017 6:09 pm
Forum: Personal Consumer Issues
Topic: Spam calls to cell phone...
Replies: 93
Views: 8881

Re: Spam calls to cell phone...

I added the App hiya this morning to my iPhone 6 based on a suggestion in this thread. I got my first spam call this afternoon and hiya identified it as robo call so I let it go to voice mail. So far, so good. :sharebeer
by Ready3Retire
Thu Nov 02, 2017 5:39 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation rebalancing
Replies: 9
Views: 1284

Re: Asset allocation rebalancing

Also, how are folks managing drawing down as a monthly salary in the most tax efficient manner?
Try this to determine optimal draw down strategy:

https://www.i-orp.com/delta/extended.html
by Ready3Retire
Sat Oct 14, 2017 12:47 pm
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 5048

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

For an example, you're chatting away with a passenger while waiting for the green light on an on-ramp, or while just driving straight in your lane on a crowded freeway. When you accelerate down the ramp to merge, or start looking over your shoulder to change lanes, I think that passengers will unco...
by Ready3Retire
Fri Oct 06, 2017 5:32 am
Forum: Personal Consumer Issues
Topic: Steep Uneven Floor in an Old House
Replies: 26
Views: 2162

Re: Steep Uneven Floor in an Old House

Sounds like a situation my in laws had on their 1926 beach cottage a few years ago. Its build on sand about 50 feet above the Atlantic and had settled over the years - many of the windows could not be opened. They had a specialized contractor come in and screw a number of helical pilings into the gr...
by Ready3Retire
Sun Oct 01, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Cost Estimate
Replies: 33
Views: 2051

Re: Medicare Cost Estimate

This too: Medicare Costs •Medicare Part A: Usually free in Retirement, funded by payroll taxes •Medicare Part B: Costs around $135 per month in 2017. This cost comes out of your social security paycheck. •Medicare Part D: Costs vary by state, but average $73 per month in 2017. •Part B and D policies...
by Ready3Retire
Sun Oct 01, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Cost Estimate
Replies: 33
Views: 2051

Re: Medicare Cost Estimate

Thanks for the responses. Inputs for this were my and spouses current ages, current household income, and the state we plan to retire in. I put in other midwest states and the number only varied by a thousand or two. Initial income was $173K. I tried these variations: 1) dropped income to $150K and ...
by Ready3Retire
Sun Oct 01, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Cost Estimate
Replies: 33
Views: 2051

Medicare Cost Estimate

I'm 57 and my spouse is 53 and I am (was?) planning to retire in 2 1/4 yrs (spouse isn't working). I thought I was well on track for this given I'll have a $64K annual pension when I retire and currently have $1.4M in 401K/tIRAs/Roths/after tax savings - 55/45 overall stock/bond. 2 kids should be on...
by Ready3Retire
Sat Sep 23, 2017 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for mid 50 age group
Replies: 35
Views: 3949

Re: Asset Allocation for mid 50 age group

Currently 56 planning to retire at 59. Including 401ks, tIRAs, Roths, and after tax savings: 55% stock/45% bond. Also, I have a pension.
by Ready3Retire
Fri Sep 15, 2017 5:24 am
Forum: Personal Consumer Issues
Topic: Any Ford Escape drivers in Boglehead-land?
Replies: 23
Views: 2728

Re: Any Ford Escape drivers in Boglehead-land?

I drive a 2015 Escape FWD 1.6L turbo. I got a 3 year lease with 15K miles per year for $228/mo with $600 at signing. I average 26 mpg with mixed city/hwy driving. Very happy with it. I can fit my golf clubs in the back on the diagonal. I've had it just over 2 years (32k miles) and only had to do oil...
by Ready3Retire
Mon Jul 31, 2017 9:08 pm
Forum: Personal Consumer Issues
Topic: Florence Hotels.......
Replies: 25
Views: 1892

Re: Florence Hotels.......

We stayed at Hotel Pendini. It was recommended in Rick Steves book. Nothing fancy but adequate. Centrally located on Republican piazza. They had some old photos in the lobby of Hitler and Mussolini driving in a parade with the hotel in the background.
by Ready3Retire
Fri Jul 28, 2017 6:07 am
Forum: Personal Consumer Issues
Topic: Italy in August Trip (Rome, Florence, Venice)
Replies: 43
Views: 3388

Re: Italy in August Trip (Rome, Florence, Venice)

In 2015, I took my wife and 2 teenage boys to Rome (4 days), Tuscan agriturismo (4 days) and Florence (3 days). Everyone loved the trip. Favorites in each city were: ~2 hr bike tour in Rome around coliseum (used Viator), loved driving/biking around Tuscany and living at the working farm (olives, vin...
by Ready3Retire
Sat Jul 15, 2017 8:13 am
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 166
Views: 21915

Re: How are folks handling the unprecedented rise in the market ?

Staying the course. I do however really enjoy the "triple whammy" days when domestic equities, int'l equities, and bonds are all up. I think we had 2 just this week.
by Ready3Retire
Sat Jul 15, 2017 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Time to dump State Farm agent?
Replies: 25
Views: 2679

Re: Time to dump State Farm agent?

You should shop around for insurance at least every 2 years. If you find a better deal (equal or better coverage for less money) go with it even if it is not at the end of your policy. You will get refunded any balance. You will likely find a better deal because many insurance companies have teaser ...
by Ready3Retire
Sat Jul 15, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Tips and advice from those who had their homes built
Replies: 13
Views: 1555

Re: Tips and advice from those who had their homes built

I have not built a house from scratch but have done major renovations - e.g. kitchen, baths. I'd recommend adding insulation on interior walls for soundproofing for bathrooms, bedrooms, laundry room. Also, go with solid doors vs hollow core doors for soundproofing for these areas.
by Ready3Retire
Wed Jun 28, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: How many "accounts" do you maintain at your investment firm?
Replies: 31
Views: 2386

Re: How many "accounts" do you maintain at your investment firm?

In a (misguided?) effort to make bookkeeping easier, I have his and her Roths for calendar years 2013, 2014, 2015, 2016, and 2017. These are in addition to 529s for each child, her individual, his individual, joint, his tIRA, and her 403B.
by Ready3Retire
Tue Jun 06, 2017 5:32 am
Forum: Personal Finance (Not Investing)
Topic: Trip to Ireland/Amex/Visa/Do I need a card with no foreign tx fee?
Replies: 22
Views: 1732

Re: Trip to Ireland/Amex/Visa/Do I need a card with no foreign tx fee?

> I am intended to convert about $300-$500 in USD to Euros prior to the trip at local BigBank, where I bank. It's unlikely you will get a good exchange rate in the US. I usually get euros from a bank machine when I arrive. +1. Open a Schwab checking account and use the debit card to w/d Euros from ...
by Ready3Retire
Fri May 26, 2017 6:04 am
Forum: Personal Consumer Issues
Topic: Plumbing issue
Replies: 6
Views: 1341

Re: Plumbing issue

My guess is that you have some minor water hammer - that is, the same physical process as water hammer but not enough to make the water hammer noise. Easy enough to confirm: 1. Turn off water supply at the meter. 2. Open 2-3 faucets on each level of house. 3. When water stops draining out of faucet...
by Ready3Retire
Sat May 13, 2017 8:37 am
Forum: Investing - Theory, News & General
Topic: Confirm Withdrawl Strategy
Replies: 17
Views: 2053

Re: Confirm Withdrawl Strategy

Makes good sense to me as well. Not to steal your thread but what if someone is already above or near 15% tax brkt cap due to a pension for example. Does the same logic hold - i.e. Do Roth conversion to top of 25% brkt?