Search found 209 matches

by peetsperk
Fri Dec 06, 2019 1:45 am
Forum: Personal Investments
Topic: Newbie Investor (need portfolio advice please)
Replies: 20
Views: 805

Re: Newbie Investor (need portfolio advice please)

sailorjerms: Welcome to the forum. Continue following Dave's direction for getting out of debt . He's not popular here but it's proven to work for many, many people. My wife and I count ourselves as beneficiaries. I would follow steps 1, 2 and 3. When it comes to investing, my recommendation would b...
by peetsperk
Wed Dec 04, 2019 1:09 am
Forum: Personal Consumer Issues
Topic: Monovision contacts?
Replies: 23
Views: 1323

Re: Monovision contacts?

So glad my eye doctor recommended I try monovision approximately 10 years ago. I adjusted to it almost immediately. I wear one contact in my left eye for driving and nothing in my right eye for reading. Never think about it. A perfect solution for me. Best of luck to you.
by peetsperk
Sat Nov 23, 2019 12:42 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 390
Views: 57552

Re: Roll Call for the Retirement Class of 2019!

Congratulations to all of the most recent members of the Retirement Class of 2019. And oh what a class it is! :sharebeer
by peetsperk
Sat Nov 09, 2019 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Thank You BogleHeads!
Replies: 7
Views: 1447

Re: Thank You BogleHeads!

From one Iowan to another, congratulations on all of your accomplishments. Keep up the great work. :sharebeer
by peetsperk
Mon Oct 14, 2019 11:25 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on cellular annually?
Replies: 59
Views: 4232

Re: How much do you spend on cellular annually?

For 3 lines, total annual cost is $772.32 ($64.36 per month for unlimited talk, text and 10 GB of data). We switched from Verizon to Consumer Cellular about a year ago and couldn't be happier. For us, their $20 charge per month for each line is more than fair. And since there's no contract, we can l...
by peetsperk
Sun Oct 13, 2019 11:36 pm
Forum: Personal Investments
Topic: Retirees, when did you start really planning your retirement?
Replies: 53
Views: 5110

Re: Retirees, when did you start really planning your retirement?

I just retired in July. Seriously started preparing in 2012. It's human nature to wish you started earlier, but that's water under the bridge. The fact you're thinking about it now puts you well ahead of many others. I wish you the best in this endeavor.
by peetsperk
Tue Oct 01, 2019 1:49 am
Forum: Personal Finance (Not Investing)
Topic: Calculating Spousal Benefit - Detailed Calculation
Replies: 14
Views: 1666

Re: Calculating Spousal Benefit - Detailed Calculation

As recommended previously, I would also start with opensocialsecurity.com

It's a free tool developed by a Boglehead and it will help determine the optimum timing for you to begin receiving Social Security. It will also answer your spouse's benefit question.
by peetsperk
Tue Sep 10, 2019 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: [Frustrated with Vanguard advisory service] Procedures on Death of a Spouse
Replies: 47
Views: 4876

Re: Vanguard Insane (?) Procedures on Death of a Spouse

Again, it appears many here are reacting to bad information and making quick judgements. I went through this process with VG in 2009,2011,2012 and 2016. Each time we were assigned a special representative to guide us through the forms and requirements. Each time we found the VG contact to be very h...
by peetsperk
Fri Aug 30, 2019 9:41 am
Forum: Personal Investments
Topic: To SPIA or not to SPIA? Should We Invest Pension Cash in an Annuity?
Replies: 12
Views: 943

Re: To SPIA or not to SPIA? Should We Invest Pension Cash in an Annuity?

Does it make financial sense for a 3 year younger wife take a reduced pension for a 50% survivor benefit for a husband "that has had chronic illness for many years that's projected to reduce lifespan to his late 70's" & the wife "is projected to live into her early 90's"? bill It's a fair point bil...
by peetsperk
Thu Aug 29, 2019 9:44 pm
Forum: Personal Investments
Topic: To SPIA or not to SPIA? Should We Invest Pension Cash in an Annuity?
Replies: 12
Views: 943

Re: To SPIA or not to SPIA? Should We Invest Pension Cash in an Annuity?

My wife is 59 and a teacher. ... we recently rolled her pension’s cash value of $84,700 into a Vanguard IRA. The reason we withdrew her pension’s cash value was to then purchase a Single Premium Immediate Annuity (SPIA) that will instead pay $390 per month assuming again no survivor benefits (rate ...
by peetsperk
Thu Aug 29, 2019 9:33 pm
Forum: Personal Investments
Topic: To SPIA or not to SPIA? Should We Invest Pension Cash in an Annuity?
Replies: 12
Views: 943

Re: To SPIA or not to SPIA? Should We Invest Pension Cash in an Annuity?

Otar has a good discussion on when to buy an annuity in his book, Unveiling the Retirement Myth. You can get a pdf of it for 6 bucks here http://retirementoptimizer.com/ Thanks mhalley. I appreciate the Otar refferal. It also reminded me to go back and review what Jane Bryant Quinn wrote about annu...
by peetsperk
Thu Aug 29, 2019 9:28 pm
Forum: Personal Investments
Topic: To SPIA or not to SPIA? Should We Invest Pension Cash in an Annuity?
Replies: 12
Views: 943

Re: To SPIA or not to SPIA? Should We Invest Pension Cash in an Annuity?

Even if you choose an SPIA, the purchase should be delayed at least until the income is needed (May 2021?). Every year one delays increases the payout of an SPIA because much of the annuity payout is return-of-capital and mortality credits, rather than interest. Thanks David Jay! I appreciate the w...
by peetsperk
Thu Aug 29, 2019 10:24 am
Forum: Personal Investments
Topic: To SPIA or not to SPIA? Should We Invest Pension Cash in an Annuity?
Replies: 12
Views: 943

To SPIA or not to SPIA? Should We Invest Pension Cash in an Annuity?

My wife is 59 and a teacher. Early in her teaching career, she taught in Ohio for approximately 8 years and is vested there with a small state teacher’s pension. That pension was projected to be worth $239 per month beginning at age 60 assuming no survivor benefits. Because she only taught for 8 yea...
by peetsperk
Tue Aug 27, 2019 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Agreeing to part ways at job
Replies: 62
Views: 7949

Re: Agreeing to part ways at job

I'm sorry you find yourself in this situation. Having experienced something somewhat similar I have a few thoughts. First, the change in administration took place a year ago. Are you actively looking for employment elsewhere? This would be high on my list of priorities. It is much harder to find emp...
by peetsperk
Tue Aug 27, 2019 10:18 pm
Forum: Personal Investments
Topic: Emergency Fund - Short Term Bond Funds or Money Market Funds?
Replies: 29
Views: 2887

Re: Emergency Fund - Short Term Bond Funds or Money Market Funds?

We do something a little different. Fifty-percent of our emergency fund is kept in a local savings account where we have immediate access. The other 50% is kept in Vanguard's LifeStrategy Income Fund (VASIX). Our hope is that over time the growth helps offset inflation at least somewhat. While there...
by peetsperk
Wed Aug 21, 2019 9:44 pm
Forum: Personal Investments
Topic: Vanguard Logon Trouble?
Replies: 19
Views: 824

Re: Vanguard Logon Trouble?

No problem here. Was just on.
by peetsperk
Sat Aug 17, 2019 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: I really do not like using credit cards. Do any of you have a good credit score with no credit cards?
Replies: 247
Views: 7232

Re: Does anyone here have no credit cards? How is that working out for you? Do you have any trouble without them?

I have not used a credit card since 2012 and have not experienced the myriad of potential problems described by current users that should be expected if one were to quit using credit cards. What is most interesting is that the OP asked people who have no credit cards if they have any trouble without...
by peetsperk
Sat Aug 17, 2019 4:48 pm
Forum: Investing - Theory, News & General
Topic: Past Performance
Replies: 74
Views: 4212

Re: Past Performance

Thanks for the words of wisdom Taylor.
by peetsperk
Tue Aug 13, 2019 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: I really do not like using credit cards. Do any of you have a good credit score with no credit cards?
Replies: 247
Views: 7232

Re: Does anyone here have no credit cards? How is that working out for you? Do you have any trouble without them?

RickBoglehead wrote:
Sun Aug 11, 2019 7:45 pm
iamblessed wrote:
Sun Aug 11, 2019 7:38 pm
I like Dave Ramsey and his thinking. He carries two debit cards around no credit cards. He does everything with them.
He is also worth $50+ million.
Not sure I understand your point. Are you saying someone needs to be worth $50 million before they can survive without a credit card?
by peetsperk
Fri Aug 09, 2019 1:55 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, give me strength to resist a car purchase when I find myself way ahead of our financial goals
Replies: 61
Views: 4563

Re: Bogleheads, give me strength to resist a car purchase when I find myself way ahead of our financial goals

Simple. Go to your bank and withdraw the total amount you will pay in cash. You will start to have second thoughts while the teller is counting your cash withdrawal. Before you walk out the door, count it for yourself and decide then if you really believe the car is worth that much money. Seeing tha...
by peetsperk
Fri Aug 02, 2019 2:30 pm
Forum: Personal Investments
Topic: Vanguard Frustrations - No Free Trades/Matching Offers
Replies: 75
Views: 4168

Re: Vanguard Frustrations - No Free Trades/Matching Offers

I believe most have missed an important point in this discussion. Vanguard is a mutual fund organization which means the owners of their funds own the company. The question is not should Vanguard pay for this customer's mistake; it's why should we pay for this customer's mistake? The short answer is...
by peetsperk
Tue Jul 30, 2019 8:01 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 390
Views: 57552

Re: Roll Call for the Retirement Class of 2019!

As of 5:00 today, I’m officially retired. However, it didn’t happen as it does in the movies. . . . When I got home my wife had a gin & tonic waiting for me and this evening we took a bike ride. It was a perfect ending to a day I have looked forward to for a long time and I’m not looking back. Cong...
by peetsperk
Sat Jul 27, 2019 12:27 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 390
Views: 57552

Re: Roll Call for the Retirement Class of 2019!

As of 5:00 today, I’m officially retired. However, it didn’t happen as it does in the movies. My boss and I have worked together for many years and he has known for more than a few months today would be my last. I wanted to make sure there were no loose ends when I left. All my sales clients had be...
by peetsperk
Fri Jul 26, 2019 9:55 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 390
Views: 57552

Re: Roll Call for the Retirement Class of 2019!

As of 5:00 today, I’m officially retired. However, it didn’t happen as it does in the movies. My boss and I have worked together for many years and he has known for more than a few months today would be my last. I wanted to make sure there were no loose ends when I left. All my sales clients had bee...
by peetsperk
Sun Jul 14, 2019 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Relocation to Denver
Replies: 9
Views: 1402

Re: Relocation to Denver

I would encourage you to do your homework before finalizing your decision whether or not to relocate to Denver. My son moved there two years ago. Housing is very expensive as compared to other Midwestern locations. I would also investigate auto insurance rates. For younger drivers, they are especial...
by peetsperk
Fri Jul 12, 2019 5:54 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 390
Views: 57552

Re: Roll Call for the Retirement Class of 2019!

I gave notice today that after 40 years in "upper mid level lower management", I'm calling it a career December 30th. Breaking the news to my staff just about killed me, and their tears tore a hole in my soul. I know its the right thing to do because my skill set no longer matches the requirements ...
by peetsperk
Thu Jul 11, 2019 5:55 pm
Forum: Personal Consumer Issues
Topic: Survived the First Week [of retirement, what's next?]
Replies: 70
Views: 9593

Re: Survived the First Week [of retirement, what's next?]

At 45 I was "retired" when my company was sold. I was obligated to return to the USA as my visa was cancelled. I had zero notice. I set up in the middle of the country in an apartment and for one year tried to get another job. I interviewed, but never clicked with a satisfactory gig. I needed to th...
by peetsperk
Mon Jul 08, 2019 8:31 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 390
Views: 57552

Re: Roll Call for the Retirement Class of 2019!

Started my 2nd week of retirement today. Had planned to leave in July 2020 but the company had a small package which added a year of pension credit if left July 1st 2019. Still trying to come to terms with not working after 41 years of work the last 30.5 with the same company. So far most days I th...
by peetsperk
Sun Jul 07, 2019 10:43 pm
Forum: Personal Consumer Issues
Topic: Survived the First Week [of retirement, what's next?]
Replies: 70
Views: 9593

Re: Survived the First Week [of retirement, what's next?]

Congratulations on your retirement jdvol. I plan to join you in just a few weeks. I hope you will join the Boglehead Retirement Class of 2019. It's a great group and I believe you will find many people with a very positive outlook on their future going forward. With that said, I would never express ...
by peetsperk
Tue Jul 02, 2019 12:14 pm
Forum: Personal Consumer Issues
Topic: how do couples work together on home finance
Replies: 60
Views: 4989

Re: how do couples work together on home finance

We believe two people in a relationship working together toward a financial goal can achieve more than those working apart or those not in unison. While one of us does more on a day-to-day basis to manage the budget, the input provided from the other on upcoming monthly expenses is crucial. A monthl...
by peetsperk
Sun Jun 30, 2019 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Do you share your net worth with family members?
Replies: 252
Views: 22790

Re: Do you share your net worth with family members?

No. They don't have a need to know.
by peetsperk
Wed Jun 26, 2019 10:41 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 390
Views: 57552

Re: Roll Call for the Retirement Class of 2019!

Congratulations and a job well done to fellow classmates nesdog and Goodmand3. I hope you both enjoy your time in the coming days, weeks, months and years.
:sharebeer
by peetsperk
Wed Jun 26, 2019 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting/Expense tracking
Replies: 39
Views: 2745

Re: Budgeting/Expense tracking

For the most part, ours are similar. However, there are a few differences.

Savings
Giving
Housing
Utilities
Food
Transportation
Clothing
Personal
Recreation
Medical
Pet Expenses
Other
by peetsperk
Fri Jun 21, 2019 8:59 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 390
Views: 57552

Re: Roll Call for the Retirement Class of 2019!

Originally, gave my employer 6 months notice to prepare. The transition is progressing ahead of schedule. My last planned day was supposed to be September 27th. Miriam2 it looks like my official retirement day will now be Friday, July 26th. Thirty-five days and counting. :D
by peetsperk
Thu Jun 20, 2019 11:04 pm
Forum: Personal Consumer Issues
Topic: How do Bogleheads buy cars?
Replies: 117
Views: 19083

Re: How do Bogleheads buy cars?

Today I bought the nicest 2014 Toyota Camry. I had a strong hunch it was the car I was looking for the minute I saw the new listing. One owner, only 33,430 miles and the car was immaculate. The owner even had seat covers put on when it was new. If you are patient, these plums are out there. I watche...
by peetsperk
Tue Jun 18, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: How to estimate taxes during retirement?
Replies: 39
Views: 3099

Re: How to estimate taxes during retirement?

The Vanguard Retirement Income worksheet will help you estimate taxes. Here is the link https://personal.vanguard.com/us/insigh ... -worksheet
by peetsperk
Wed Jun 12, 2019 11:25 pm
Forum: Personal Consumer Issues
Topic: Gillette Fusion razors
Replies: 57
Views: 5408

Re: Gillette Fusion razors

I don't buy Gillette products. Better options available.
by peetsperk
Tue Jun 11, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Home Loan from Parents
Replies: 38
Views: 4657

Re: Home Loan from Parents

As long as they hold your mortgage, Thanksgiving dinner is not going to taste nearly as good.
by peetsperk
Tue Jun 11, 2019 11:46 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 390
Views: 57552

Re: Roll Call for the Retirement Class of 2019!

jimmyq congratulations on successfully managing your finances in such a way that makes this is possible. That's called turning lemons into lemonade! You should be proud. Enjoy your early retirement!
by peetsperk
Thu Jun 06, 2019 12:46 pm
Forum: Investing - Theory, News & General
Topic: Thank you, Taylor Larimore!
Replies: 49
Views: 6547

Re: Thank you, Taylor Larimore!

Thank you Taylor for your service. For my fellow Bogleheads, if you have not seen the attached Youtube video, it is well worth 6 minutes of your time. It shows the number of American soldiers who have given their lives on distant shores including Normandy. It's staggering. The accompanying music is ...
by peetsperk
Tue Jun 04, 2019 9:15 pm
Forum: Personal Investments
Topic: Boglehead Insight Needed on Retirement Readiness
Replies: 14
Views: 2550

Re: Boglehead Insight Needed on Retirement Readiness

Spend some more time analyzing the survivor’s finances when one of you dies — particularly if it happens early in retirement. The investments stay the same, but the smaller Social Security benefit disappears and pension income will be reduced too. The survivor’s expenses will decline to some extent...
by peetsperk
Tue Jun 04, 2019 3:28 pm
Forum: Personal Investments
Topic: Boglehead Insight Needed on Retirement Readiness
Replies: 14
Views: 2550

Re: Boglehead Insight Needed on Retirement Readiness

2. For her Ohio pension, which option makes the better financial sense? I presume she would not start this pension before retiring, insofar as the benefit increases a bit each year of delay. You don't say, but I presume the two of you will live off her earnings and her health insurance until she re...
by peetsperk
Mon Jun 03, 2019 11:54 pm
Forum: Personal Investments
Topic: Boglehead Insight Needed on Retirement Readiness
Replies: 14
Views: 2550

Re: Boglehead Insight Needed on Retirement Readiness

Debt: No debt of any kind (no mortgage, school loans, car loans or credit cards) Does this mean that you have a paid off house or that you rent? If you have a paid off house how much is it worth? If you rent you may want to consider buying a house or condo to reduce your monthly expenses. color=#00...
by peetsperk
Mon Jun 03, 2019 11:09 pm
Forum: Personal Investments
Topic: Boglehead Insight Needed on Retirement Readiness
Replies: 14
Views: 2550

Re: Boglehead Insight Needed on Retirement Readiness

1. For his corporate pension, which option makes the better financial sense? Actuarially, it seems that you have already determined that the delayed option is the best in financial terms. The problem is, that assumption is based on actuarially life expectancy (which would have you living to early t...
by peetsperk
Mon Jun 03, 2019 10:06 pm
Forum: Personal Consumer Issues
Topic: What do business pros wear on redeye Business Class flights
Replies: 50
Views: 6985

Re: What do business pros wear on redeye Business Class flights

What time are you landing and where are you going once you land? For many years I regularly flew from either New York or Pittsburgh to London. We would depart in the evening and land early the next morning when it was time to go to work. I dressed in business attire appropriate for our London office...
by peetsperk
Sun Jun 02, 2019 10:59 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 390
Views: 57552

Re: Roll Call for the Retirement Class of 2019!

Congratulations to dknightd on your retirement. Best of luck! Also wanted to welcome Punta Cana DR to our Retirement Class of 2019. September is just around the corner. Can"t wait!
by peetsperk
Sat Jun 01, 2019 9:52 pm
Forum: Personal Investments
Topic: Boglehead Insight Needed on Retirement Readiness
Replies: 14
Views: 2550

Re: Boglehead Insight Needed on Retirement Readiness

Are there other thoughts or considerations we’re missing? Did wife's work in the pubic sector involve paying also into Social Security at the same time she earned her pensions? If not, her Social Security may subject to the WEP (Windfall Elimination Provision), which lowers the amount of her benefi...
by peetsperk
Sat Jun 01, 2019 9:04 pm
Forum: Personal Investments
Topic: Boglehead Insight Needed on Retirement Readiness
Replies: 14
Views: 2550

Re: Boglehead Insight Needed on Retirement Readiness

Flobes: Teachers in Ohio (at least when we lived there in the '80s) and Iowa contribute both to Social Security and their pension.
by peetsperk
Sat Jun 01, 2019 8:45 pm
Forum: Personal Consumer Issues
Topic: Discover Identity Theft Protection - $15/month
Replies: 13
Views: 1136

Re: Discover Identity Theft Protection - $15/month

If you are alerted by Discover that someone is trying to steal your identity, what are you going to do to stop them? I believe many would freeze their credit immediately. So, why not just do it now? You save the $15 per month and you can sleep at night knowing you are protected.