Search found 93 matches

by retired early&luv it
Sun Aug 02, 2020 8:58 am
Forum: Personal Finance (Not Investing)
Topic: I was looking at getting the 1% cash back discover card. How many of you use debit cards all the time?
Replies: 78
Views: 3466

Re: I was looking at getting the 1% cash back discover card. How many of you use debit cards all the time?

I use my debit card two or three times a year. My credit union cancels it if I do not use it for more than six months. That is why I use it, to reset the clock. The only reason that I have the debit card is that if I travel overseas, I want to be able to use ATM machines to get local currency. I use...
by retired early&luv it
Sun Apr 26, 2020 10:07 am
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2599

Re: File tax return electronically

I do not recall when I switched to e-filing, but I was later than many or most. That said, I am quite happy with e-filing and I got my federal refund on Feb 28 by direct depost this year.
by retired early&luv it
Sun Mar 15, 2020 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Pandemic, economy and buying big ticket items
Replies: 29
Views: 2930

Re: Pandemic, economy and buying big ticket items

I am retired, unlikely to change anything.

If I was still working and if I lacked a big emergency financial cushion, I would slow buying as much as possible. If a vaccine is a year away or more, it is a bit hard to make plans that will still be viable in a half year.
by retired early&luv it
Sun Mar 15, 2020 8:10 am
Forum: Personal Consumer Issues
Topic: Water detection system
Replies: 15
Views: 939

Re: Water detection system

No experience with any such systems, but a suggestion. Several years ago a co-worker was out of town for several days, got home to find that the furnace was out and a pipe froze and burst, causing a flood and water damage. My point is that if you put in any sort of detection system, if located in a ...
by retired early&luv it
Sun Mar 08, 2020 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: What should I do about neighbor riding his ATV on my property?
Replies: 16
Views: 2154

Re: What should I do about neighbor riding his ATV on my property?

Have you decided what you will do when he pretends that the no trespassing signs don't exist? Sounds like he is trespassing on your property to avoid a confrontation with a different neighbor who would call the police on him. With a neighbor like that, I wish you luck. Sounds like the neighbor from ...
by retired early&luv it
Sun Mar 08, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Est benefits question
Replies: 11
Views: 1253

Re: Social Security Est benefits question

As noted above by several others, if you are at the higher income levels, additional earnings have minimal value. I had 35 years of income, but some years of that was early when I worked part time during high school or college, those years were very low income. I retired at 56.5, I was curious at th...
by retired early&luv it
Sun Mar 01, 2020 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone ever put down an extremely large down payment on a house?
Replies: 13
Views: 1394

Re: Has anyone ever put down an extremely large down payment on a house?

When I bought my condo in the early 90s, I had about 85 to 90 percent of the assets that I would have needed to buy it outright and pay for some immediate upgrades. I got a loan for about 80 percent of the cost of the condo, that meant I did not have to sell very much of my investments to buy it, I ...
by retired early&luv it
Sun Mar 01, 2020 9:47 am
Forum: Personal Finance (Not Investing)
Topic: New Boglehead forum member with Pension vs. Lump Sum Choice
Replies: 13
Views: 1318

Re: New Boglehead forum member with Pension vs. Lump Sum Choice

Regarding the stock market selloff that you mentioned in your post, disregard that. The S&P 500 closed on Friday at a level that it touched last October. And in October there was no virus threat. My point is that while the headlines can be worrisome, that should not make your decision any different ...
by retired early&luv it
Sun Feb 16, 2020 5:02 am
Forum: Personal Finance (Not Investing)
Topic: Still haven’t received my Consolidated 1099 for Vanguard Brokerage Account
Replies: 53
Views: 3689

Re: Still haven’t received my Consolidated 1099 for Vanguard Brokerage Account

Have some but not all forms. I think I had all my forms last year on Feb 11. My sister got all of her forms a couple days ago.
by retired early&luv it
Sun Feb 09, 2020 7:05 am
Forum: Personal Finance (Not Investing)
Topic: HS senior to-be is telling us he is thinking about majoring in Economics...
Replies: 75
Views: 6444

Re: HS senior to-be is telling us he is thinking about majoring in Economics...

Generally to get a good job in Econ, advanced degree is a must, PhD is probably something to strive for. Math minor might be a good consideration, or statistics. Larger schools with larger econ departments have more choices for specialties at the undergrad level, smaller schools might not offer that...
by retired early&luv it
Sun Jan 26, 2020 11:28 am
Forum: Personal Investments
Topic: Asset Allocation within a few years of retirement
Replies: 28
Views: 2282

Re: Asset Allocation within a few years of retirement

I am not going to assume my dice are any better than your dice. So, I am not going to say where to put your investments. Benz at Morningstar has written a lot of very good pieces on the bucket approach to investing your retirement assets. One small bucket is the money you will need to spend in the n...
by retired early&luv it
Sun Jan 26, 2020 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Medical Evacuation Insurance
Replies: 41
Views: 2613

Re: Medical Evacuation Insurance

I have never needed or filed a claim under such insurance. But I have bought travel insurance when I leave USA for the unlikely chance that I am badly hurt. My health insurance before I turned 65 and now my insurance under medicare is limited only to emergency medical care when outside USA. For the ...
by retired early&luv it
Sun Jan 19, 2020 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 17035

Re: Why retire?

... My question is- what changes happen with age or career that make retirement an attractive goal? ... I planned to retire early, then I got a new boss and after a few months working for him, I decided to retire much much much earlier. I have friends that did not have hobbies, interests or activit...
by retired early&luv it
Sun Jan 19, 2020 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Engineers - What are you making? ($$$)
Replies: 357
Views: 44098

Re: Engineers - What are you making? ($$$)

It has been my general observation over the years that Mechanical Engineers were in the middle of the pack, Chemical Engineers at the top and Civil Engineers at the bottom of the engineer salary scales. In some fields and with some categories of employers, having the Professional Engineer license co...
by retired early&luv it
Sun Dec 29, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Login Question
Replies: 11
Views: 1317

Re: Vanguard Login Question

A couple years ago I read an article that said that Chrome was safer from viruses than the other popular browsers at that time. So, decided to start using Chrome for my investments, banking, retirement accounts, e-mail and anything related to my health insurance. Use other browsers for everything el...
by retired early&luv it
Sun Dec 22, 2019 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Tax on Roth Conversion
Replies: 48
Views: 3664

Re: Federal Tax on Roth Conversion

At the start of the tax year, I guesstimated how much income I would have for the year and based my quarterly estimated payments based on that. Then this time of year when I know what my cap gains are, my dividends, my cap gain distributions, and any other form of income, I put the numbers into Turb...
by retired early&luv it
Sat Nov 16, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: mechanics of paying a large tax bill
Replies: 42
Views: 3200

Re: mechanics of paying a large tax bill

Is there a reason you do not want to get Vanguard check writing on your settlement account and then use Vanguard checks to pay IRS? I use my Vanguard checks for five-digit estimated tax payments every few months. But I have never written a six digit check, if there is an upper limit on those checks ...
by retired early&luv it
Thu Nov 14, 2019 5:05 am
Forum: Personal Finance (Not Investing)
Topic: Employer requesting increased travel
Replies: 36
Views: 3121

Re: Employer requesting increased travel

Years ago I quit a job to get a job with less travel. That new job, I was assured would be less than 20 percent travel but I was on travel over 35 percent of the time, quit that job after two years when I was offered another one. The next job was less than 20 percent travel and I stayed with that em...
by retired early&luv it
Thu Nov 14, 2019 4:54 am
Forum: Personal Finance (Not Investing)
Topic: The difficulty of discarding frugality?
Replies: 110
Views: 11321

Re: The difficulty of discarding frugality?

Don't worry about your frugal lifestyle. I am: - Vanguard Flagship level, - drive a 2003 truck, - am on Medicare (paying the Medicare high income penalty), - not yet taking Social Security because that would put me in a higher income tax bracket, - I do not clip coupons, but I do stock up at the gro...
by retired early&luv it
Sun Nov 10, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Basic Medicare Part B 2020 Premium $144.30 ??
Replies: 39
Views: 3366

Re: Basic Medicare Part B 2020 Premium $144.30 ??

Eagle33 wrote:
Fri Nov 08, 2019 8:25 pm
The medicare.gov site has $144.60 for 2020 Part B standard premium.
2020 Part B premiums

Part B deductible is $198 in 2020.
Thanks for posting, have been wondering what the costs next year would be.
by retired early&luv it
Sun Nov 10, 2019 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Costco Visa For Tavel Insurance
Replies: 6
Views: 900

Re: Costco Visa For Tavel Insurance

In the past I have bought travel insurance from Expedia when I bought plane tickets from the AARP/Expedia website. This past July when Expedia insisted that my flight on an Air Canada flight existed when Air Canada said no such flight with that flight number existed, no coverage for that.
by retired early&luv it
Mon Oct 28, 2019 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Flagship clients no longer have a personal rep
Replies: 48
Views: 5005

Re: Flagship clients no longer have a personal rep

Those that commented that free turbo tax is a small cost in the big picture, I agree. But I saw it as part of a trend of steadily cutting back more and more on customer service. Since Turbo Tax increases each year were well above inflation, each year I am reminded of those service cut backs. ... I i...
by retired early&luv it
Sun Oct 27, 2019 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Flagship clients no longer have a personal rep
Replies: 48
Views: 5005

Re: Flagship clients no longer have a personal rep

I do not recall when I stopped having a designated rep, but I am quite sure it was over a half year ago. Over 20 years ago when I opened my Vanguard account, I was a small investor at the bottom level. That was pre-internet, I was mailing checks and forms to them and sometimes if i was in a hurry I ...
by retired early&luv it
Sun Oct 27, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct Discounts for 2019 version
Replies: 35
Views: 3552

Re: TaxAct Discounts for 2019 version

Do you think the online programs are safe to use? It kind of freaking me out to put all my info in one place like that. I have only used Turbo Tax on line. There are years of my data in one place, if my computer hard drive crashes or some other disaster, I feel better about my data being stored els...
by retired early&luv it
Sun Oct 13, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Cancellating and Insurance Rates
Replies: 27
Views: 1786

Re: Credit Card Cancellating and Insurance Rates

I don't know if this makes a different or not, but the person I am writing this for (doesn't use internet) has a credit card history going back 60 years with never a late payment and has only had one open credit card at a time, each for about 20 years, so let's say 3 credit cards his entire life. I...
by retired early&luv it
Sun Sep 22, 2019 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement - not worry about withdrawal rate, but focus on portfolio size?
Replies: 69
Views: 6643

Re: Early retirement - not worry about withdrawal rate, but focus on portfolio size?

I think a lot of the FIRE proponents (sorry, I do not recall what the acronym stands for) that retire early are overly-reliant on a nest egg that is unusually fat from recent above normal non-sustainable market returns. And by using a 3.5 or 4 or whatever percent withdrawal rate, they are asking for...
by retired early&luv it
Sun Jun 02, 2019 5:48 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Transaction Fee
Replies: 8
Views: 728

Re: Foreign Transaction Fee

I have had the BOA Cash Rewards card for years, 3 percent fee. Leave for a 5 week trip out of the country on Tuesday, recently got the BOA Travel Rewards card (in addition to the Cash Rewards card also from BOA) which has zero foreign currency fee specifically for this trip. Plus they have a nice si...
by retired early&luv it
Sun May 26, 2019 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Will my checks work?
Replies: 26
Views: 2139

Re: Will my checks work?

Back in the 1980s my bank was bought out, I kept using the checks until I ran out.

But, for some reason the deposit slips no longer worked correctly, my bank issued me a couple pads of new deposit slips.
by retired early&luv it
Sun May 19, 2019 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Aiming to Retire End of 2019 - Abit Scared
Replies: 48
Views: 7392

Re: Aiming to Retire End of 2019 - Abit Scared

You did much more financial planning than I did before I retired in my late 50s. But do you have a plan on what you will do to keep from getting bored. Early retirement is a huge culture shock. I retired and never looked back, I had enough hobbies and other activities to keep busy. Also, for several...
by retired early&luv it
Sun Apr 28, 2019 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Looking for Very High Travel Accident Insurance
Replies: 35
Views: 3161

Re: Looking for Very High Travel Accident Insurance

Update: I ended up just getting $1 million in accidental death and dismemberment insurance from Mutual of Omaha. ("This coverage pays up to $1,000,000 if death results from a covered accident while riding as a fare-paying passenger on a common carrier such as a boat, bus or airplane.") All worked o...
by retired early&luv it
Sun Apr 28, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Condo costs
Replies: 16
Views: 1612

Re: Condo costs

Ask for a copy of the condo association annual budget and ask the status of their reserve fund. And ask for the definition of the unit. The annual budget would tell you what your condo dues cover. If water, garbage disposal, etc., not in the budget then you may have to pay for it. One exception is t...
by retired early&luv it
Sun Apr 21, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: leaving state job / pension. ..... bad idea?
Replies: 44
Views: 4049

Re: leaving state job / pension. ..... bad idea?

I assume you will also be able to draw social security if you keep your state job? Or are you in one of the states where your pension is the only thing you get? If you are in one of these states, look into the rules for social security, as having that pension and also trying to draw social security ...
by retired early&luv it
Sun Feb 24, 2019 9:45 am
Forum: Personal Finance (Not Investing)
Topic: IRS "tax refund" for $53 - but we haven't filed yet
Replies: 58
Views: 10173

Re: IRS "tax refund" for $53 - but we haven't filed yet

After hearing about the scams of people filing tax returns in names of other people and claiming big refunds, I set up an IRS account so I can check status. Once a week starting at end of January I have been checking to make sure nobody has filed for me, it is in my electronic calendar to remind me ...
by retired early&luv it
Sun Nov 11, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Best free online tax return predictor?
Replies: 11
Views: 1628

Re: Best free online tax return predictor?

I used to use Turbo Tax Taxcaster web based on line calculator on my computer. But for the past couple years I found that I got more information when I used the Android Taxcaster app instead of using their web based on line calculator. https://play.google.com/store/apps/details?id=com.intuit.mobile....
by retired early&luv it
Sun Nov 11, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: State retirement pensions thoughts?
Replies: 46
Views: 5808

Re: State retirement pensions thoughts?

I all depends on the state you are in. I am in Wisconsin, since the 90s that state pension system has been nearly fully funded every year. It has been a very well run pension system, they have a top notch investment staff of CFAs. But, it does not have an automatic COLA. Instead it has a system wher...
by retired early&luv it
Sun Nov 11, 2018 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone know why SSA has to be notified if you go outside the USA for 30 consecutive days or longer?
Replies: 19
Views: 3754

Re: Does anyone know why SSA has to be notified if you go outside the USA for 30 consecutive days or longer?

I just ran the on line tool for a couple of countries that I might go to in the next several years. https://www.ssa.gov/international/payments_outsideUS.html It gave this generic answer for all of them. As a United States citizen, you may receive your Social Security payments outside the United Stat...
by retired early&luv it
Sun Nov 04, 2018 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion - Confirming Tax Analysis
Replies: 10
Views: 839

Re: Roth Conversion - Confirming Tax Analysis

I always did my estimates of tax brackets, etc., in December when my taxable dividends and taxable cap gain distributions could be estimated. And I used Turbo Tax Taxcaster app on my Android phone to make the estimates. For several years I would plug in different what if numbers for a conversion. Ta...
by retired early&luv it
Sun Nov 04, 2018 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Preparing for EOY 2018 Taxes
Replies: 7
Views: 1324

Re: Preparing for EOY 2018 Taxes

If you have mutual funds in a taxable account, watch the "realized capital gain" per share for each fund, and you can estimate what your gains will be. With more people selling out of active funds and with the assets in those funds gaining appreciation, those cap gain distributions are getting highe...
by retired early&luv it
Sun Oct 28, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: If On Medicare Before SS, How Do You Pay?
Replies: 49
Views: 5107

Re: If On Medicare Before SS, How Do You Pay?

DW just started for November. They bill you for three months at a time, with the next bill reflecting any rate increase imposed for January of next year. Choices are to mail a check or credit card info, use your bank's online bill pay, or set up direct withdrawal. We are using credit card payment t...
by retired early&luv it
Sun Oct 07, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Should I take a pretty big pay cut to become a diplomat?
Replies: 32
Views: 4205

Re: Should I take a pretty big pay cut to become a diplomat?

I took about a 20 percent pay cut in 1990 to leave an engineering consulting job at age 37 to work for a state agency. Stress level dropped dramatically and that one aspect made It worth it. But, I was unemployed in the early 1980s for over a year an a half (when Reagonomics pushed unemployment over...
by retired early&luv it
Sun Sep 30, 2018 8:02 am
Forum: Personal Finance (Not Investing)
Topic: How to merge three brokerage accounts at Vanguard?
Replies: 11
Views: 2457

Re: How to merge three brokerage accounts at Vanguard?

I have two taxable accounts at Vanguard. I have transfered shares of funds from one account to the other. When I did that, the shares were not sold, that would trigger a taxable event, instead the shares were just moved from one account to the other which is what I wanted. And the cost basis of the ...
by retired early&luv it
Sun Sep 16, 2018 5:40 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 10756

Re: Delaying Social Security Until 70

I am not answering your question here, instead I am giving you one caution to watch for. Apparently the social security staff often give a recipient a lump sum representing half of a year of benefits and then calculate your retirement based on an age of 69.5 instead of 70. Make sure you tell them yo...
by retired early&luv it
Sun Sep 16, 2018 5:34 am
Forum: Personal Finance (Not Investing)
Topic: How did you decide when to retire?
Replies: 54
Views: 9018

Re: How did you decide when to retire?

I can't advise on finances, but to answer the question how did you decide to retire? I got a new boss. After he made several really stupid decisions I decided to take a reduced pension and get out faster.
by retired early&luv it
Sun Jul 15, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Cash out 401K
Replies: 15
Views: 2155

Re: Cash out 401K

Converting it to a Roth would cost no more in taxes than taking it all as cash. I am not sure the rules, if a conversion would mean you can't withdraw it for a while that could of course be a deal breaker. If you do not want to do the Roth, you could put it all into a Rollover IRA. Then you can with...
by retired early&luv it
Sat Jun 23, 2018 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes from dividends getting high.. how to handle?
Replies: 24
Views: 3259

Re: Taxes from dividends getting high.. how to handle?

Every year when I was working, I changed my withholding to make sure I did not have any penalties for under withholding. And I was putting in the legal maximum into a 457 plan (govt employee equivalent to a 401k). Plus funding a Roth IRA to the legal maximum. That meant that I had very little take h...
by retired early&luv it
Sun Jun 17, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Capital Gains Tax Strategy
Replies: 7
Views: 1304

Re: Capital Gains Tax Strategy

I sold a lot in the last year. My strategy was: I had one fund that I did not want to sell, that fund is closed to new investors and limits additional purchases to existing fund owners. Thus if I sold some of it, I would not be able to buy much of it back later. It is a great fund, so that fund I am...
by retired early&luv it
Sun Jun 17, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 54
Views: 6813

Re: Lost job. Take early SS or draw from accounts?

She should take advantage of being in a low tax bracket this year if she does not get a good job later in the year and convert some of her tax deferred retirement account to a Roth. And use her taxable account as her spending money source. That is the advice I gave my sister several years ago when s...
by retired early&luv it
Sun May 20, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 160
Views: 52313

Re: Is the first 100k really the hardest?

It is all luck. If the market tanks, your $100k is worth less and might stay worth less for a few years. But if the market does great, having that first $100k gives you a tailwind. I would say that the first $100k is hardest because early in your career you are accumulating a household full of stuff...
by retired early&luv it
Sun Apr 01, 2018 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Hit by AMT due to 1 year RSU vesting cliff
Replies: 29
Views: 3257

Re: Hit by AMT due to 1 year RSU vesting cliff

Side note: Make sure your withholding is high enough to avoid underpayment penalty for 2018 income taxes. Or pay estimated quarterly taxes.
by retired early&luv it
Sat Mar 03, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion: Does It Make Sense?
Replies: 32
Views: 3996

Re: Roth Conversion: Does It Make Sense?

Most years since I retired, I converted some of my Rollover IRA to the Roth. That IRA started out as a 457 plan that I converted to the Rollover IRA after I retired. I moved the 457 to the Rollover IRA so that it would be easier to do a bit of a conversion each year. Can do that on-line at Vanguard ...