Search found 449 matches

by stlrick
Sun Nov 10, 2019 6:12 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 11198

Re: Saving seats on Southwest

there is no problem. They both bought tickets and both prefer aisle seats. They don't owe any other passengers anything. Neither do the parents that don't control their kids or try to comfort their crying babies. Or those that bring smelly food on the plane. Or those that talk loudly on their cell ...
by stlrick
Sun Nov 10, 2019 6:00 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 11198

Re: Saving seats on Southwest

How about the couples that choose the two aisle seats across from each other, hogging both 3 seat groups? What's wrong with that? It's open seating. If they both like aisles, they should do exactly this. Same as the rudeness of saving seats or choosing the aisle and window, hoping no one sits in th...
by stlrick
Sun Nov 10, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: What happens if a QCD check is not cashed before January 1?
Replies: 14
Views: 798

Re: What happens if a QCD check is not cashed before January 1?

CABob wrote:
Sun Nov 10, 2019 4:00 pm
Is the IRS going to know when the check is actually cashed?
Not without an audit. But if I write the check and it is not cashed in the calendar year, the brokerage will not know that I wrote it either, and the 1099-R reported to the IRS would be less than my required RMD.
by stlrick
Sun Nov 10, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: What happens if a QCD check is not cashed before January 1?
Replies: 14
Views: 798

Re: What happens if a QCD check is not cashed before January 1?

If you write a check, how will the broker/bank know that it is a QCD? I thought you had to communicate with your broker/bank when requesting/setting up the QCD. The bank or broker will not report that you took QCDs. QCDs and withdrawals taken for any other reason are simply reported as one total on...
by stlrick
Sun Nov 10, 2019 1:02 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 11198

Re: Saving seats on Southwest

If you use the "saving seats" strategy, you may be able to cordially save the seats, but you won't be able to save space in the overhead bins. What if the rest of the family arrives and there is no room overhead? I ask myself if I would buy the tickets if the early bird price was included in the tic...
by stlrick
Sun Nov 10, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: What happens if a QCD check is not cashed before January 1?
Replies: 14
Views: 798

What happens if a QCD check is not cashed before January 1?

Many charitable organizations are slow to cash checks, and many make their giving requests in December. What are the consequences if you are making charitable contributions in December with checks from your IRA that are Qualified Charitable Deductions but the charity does not cash the check before J...
by stlrick
Sat Oct 26, 2019 8:55 am
Forum: Personal Consumer Issues
Topic: Tattoos in the workplace
Replies: 5
Views: 983

Re: Tattoos in the workplace

I'm old and don't have any tattoos. I work with a lot of young people who do. They are free to do what they want and to show as much as they want (assuming the tattoos are not offensive). That does not stop me from having a personal opinion that I keep to myself. That opinion is that some tattoos se...
by stlrick
Sat Oct 26, 2019 7:38 am
Forum: Personal Finance (Not Investing)
Topic: IRMAA income level for 2020
Replies: 5
Views: 811

Re: IRMAA income level for 2020

Here you go https://www.investmentnews.com/article/20190916/BLOG05/190919940/medicare-irmaa-surcharges-to-be-adjusted-for-inflation-in-2020 No, they have not been announced. As definitive as this article appears, it is a projection from "a new analysis by HealthView Services, a leading provider of ...
by stlrick
Wed Oct 23, 2019 7:11 am
Forum: Personal Investments
Topic: QCDs in first year of RMDs
Replies: 10
Views: 858

Re: QCDs in first year of RMDs

AlanS:

It appears you found the regulation. Thanks very much.

Rick
by stlrick
Tue Oct 22, 2019 8:34 pm
Forum: Personal Investments
Topic: QCDs in first year of RMDs
Replies: 10
Views: 858

Re: QCDs in first year of RMDs

GerryL & Sport: Of course, you are both correct. QCDs are RMDs, and what I want to do will result in two RMDs in 2020. I made my question unnecessarily complicated by including the fact that I am mostly meeting the RMD requirement through QCDs. QCDs actually have nothing to do with the question. The...
by stlrick
Tue Oct 22, 2019 6:25 pm
Forum: Personal Investments
Topic: QCDs in first year of RMDs
Replies: 10
Views: 858

QCDs in first year of RMDs

I turned 70.5 in 2019 and need to take an RMD from my IRA. I have been making QCDs since the date I turned 70.5. I don't want any income from the RMD this year, so I will use the option of delaying the first year RMD until April 1 of the next year, and take whatever is left over in March 2020. Start...
by stlrick
Sat Sep 28, 2019 1:17 pm
Forum: Investing - Theory, News & General
Topic: Jonathan Clements: About half your retirement accumulation is just the dollars you put in
Replies: 92
Views: 14327

Re: Jonathan Clements: About half your retirement accumulation is just the dollars you put in

39 years of contributions to a 403(b). The combined employer and employee contributions are 26% of the total accumulation, and that is with a 30:70 allocation since deciding 4-5 years ago that we had won the game.
by stlrick
Sat Sep 21, 2019 9:15 am
Forum: Personal Consumer Issues
Topic: Separate laptop for dealing with finances?
Replies: 39
Views: 3073

Re: Separate laptop for dealing with finances?

A separate computer makes everything easier and safer. I bought an inexpensive Chromebook which is never used for anything other than my financial websites (credit cards, bank, brokerage, not Bogleheads or blogs). It has never been used to search the web or to send or receive email. I log on in the ...
by stlrick
Wed Sep 11, 2019 8:09 pm
Forum: Personal Investments
Topic: Should I prefer TIAA Traditional to VBTLX
Replies: 22
Views: 1715

Re: Should I prefer TIAA Traditional to VBTLX

The bond allocation of my 403(b) is 80% TRAD, 20% Inflation-Linked Bond Fund. I'm very satisfied with it and don't plan on any changes. As for your decision to use the GRA or the SGRA, when interest rates rise, the GRA will go up well before the SGRA. If these are retirement accounts, is the 10 year...
by stlrick
Thu Aug 15, 2019 7:58 am
Forum: Personal Finance (Not Investing)
Topic: $34 per year to reduce auto deductible by $500
Replies: 31
Views: 2488

Re: $34 per year to reduce auto deductible by $500

On average, insurance companies make money on their customers. Are you average for auto repairs? The general rule of thumb is: Insure for the catastrophe, save for the unexpected.
by stlrick
Thu Aug 15, 2019 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Credit Freeze
Replies: 18
Views: 1305

Re: Credit Freeze

When the bank opened the checking account for you, they probably did not run a credit check at all. They run a "bank history" report, and the service they most commonly use is ChexSystems. You can freeze your ChexSystems account.
by stlrick
Tue Jul 02, 2019 5:59 pm
Forum: Personal Consumer Issues
Topic: Best city/state to raise an autistic child?
Replies: 20
Views: 3055

Re: Best city/state to raise an autistic child?

Google leads me to believe that none of us are ever the first person to ask any question:

https://www.autismspeaks.org/press-rele ... gKu9_D_BwE
by stlrick
Sun Jun 30, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Did Retirement Spending go as You Planned?
Replies: 47
Views: 5165

Re: Did Retirement Spending go as You Planned?

Both age 73, now in my 9th year of retirement. We are almost over the sequence of returns risk. I understand the sense in which you are viewing sequence of returns risk as "over." However, in another sense, every day is the first day of the rest of your life. You have retirement assets, you have an...
by stlrick
Sat Mar 23, 2019 11:21 am
Forum: Investing - Theory, News & General
Topic: Who discovered sequence of returns risk?
Replies: 47
Views: 3257

Re: Who discovered sequence of returns risk?

Suppose you start with a large sum at age 21 are not making any contributions or withdrawals from age 21 to age 65. Does the sequence of returns matter with regard to the terminal value at age 65? No, it doesn't, because multiplication is commutative: Y x A x B x C = Y x C x B x A. Sequence does no...
by stlrick
Fri Mar 01, 2019 12:00 pm
Forum: Personal Investments
Topic: What did wise people do with their investments in 2008
Replies: 101
Views: 8436

Re: What did wise people do with their investments in 2008

Having experienced 1987 and the dot com crash, I understood my risk tolerance and was well set up to do nothing. When GE was down to about $8 a share, I used some emergency fund cash and bought enough so that a profit would be meaningful but a loss would not change anything. It was the only individu...
by stlrick
Wed Feb 27, 2019 8:53 pm
Forum: Investing - Theory, News & General
Topic: After-Tax Alternative to TIAA Real Estate Account
Replies: 13
Views: 1216

Re: After-Tax Alternative to TIAA Real Estate Account

As I take my RMDs in retirement, I am forced to liquidate shares that I hold in the TIAA Real Estate Account (QREARX). I use a portion of each RMD to pay my monthly expenses. I would like to use the remaining funds from each RMD to invest in an after-tax vehicle comparable to the TIAA Real Estate A...
by stlrick
Sat Feb 16, 2019 1:22 pm
Forum: Personal Consumer Issues
Topic: Difficulty reconciling Amazon charges to Chase Amazon Visa
Replies: 23
Views: 4475

Re: Difficulty reconciling Amazon charges to Chase Amazon Visa

If you print out receipts at the time you place the order, they often will not match the final credit card charges - shipments may be partial and shipping costs and taxes can change, particularly when one order is partially fulfilled by Amazon and partially by third-party sellers. I keep those origi...
by stlrick
Wed Feb 13, 2019 12:10 pm
Forum: Personal Consumer Issues
Topic: Best site for reverse phone number lookup
Replies: 25
Views: 3289

Re: Best site for reverse phone number lookup

The constructive suggestions were: whitepages.com who-calledme.com 800notes.com spokeo.com google.com I tried them all with my own home phone number, and none came up with even my name (whitepages came up with my adult son, who has never been responsible for the number and who has had his own number...
by stlrick
Tue Feb 12, 2019 3:19 pm
Forum: Personal Consumer Issues
Topic: Best site for reverse phone number lookup
Replies: 25
Views: 3289

Best site for reverse phone number lookup

When I get calls from numbers I don't recognize or with ID blocked, I often do not answer the call. I'd like to look up the number to help decide if I should block further calls from it. What do you use to get that information? Google does not seem to work most of the time, and every other site I've...
by stlrick
Mon Feb 11, 2019 2:00 pm
Forum: Personal Consumer Issues
Topic: Copenhagen/Stockholm/Oslo in May/June
Replies: 28
Views: 2007

Re: Copenhagen/Stockholm/Oslo in May/June

Another vote here for including Bergen, the Oslo - Bergen train, and the side branch train to Flam. From Bergen, you are close to fjords, and you might look into a day trip. Stunningly beautiful. In Bergen, the KODE Art Museums, including a museum for children, are world class, and an easy walk from...
by stlrick
Sun Feb 03, 2019 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Procedure for late Medicare enrollment
Replies: 4
Views: 374

Re: Procedure for late Medicare enrollment

Thanks. I looked, but not yet being on Medicare, I guess I was not familiar enough with the site to find this myself. My initial impression is that Medicare is more obtuse than either Social Security or the IRS. Not looking forward to it. At least now I can throw out most of the annual enrollment in...
by stlrick
Sun Feb 03, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Procedure for late Medicare enrollment
Replies: 4
Views: 374

Procedure for late Medicare enrollment

If you are covered by a qualified group plan with an employer after age 65, what documentation is required on your Medicare application when you eventually retire and sign up for Medicare? What documentation is required to show that you are not subject to the late enrollment penalty?

Thanks.
by stlrick
Mon Jan 28, 2019 6:17 pm
Forum: Personal Consumer Issues
Topic: What is the best all-inclusive resort you have ever visited?
Replies: 79
Views: 13959

Re: What is the best all-inclusive resort you have ever visited?

A Viking Cruise ship. I'd echo this, and would further suggest other so-called 6-star cruise lines, like Regent Seven Seas, which include shore excursions and air fare. You need never open your wallet, after the initial pain of paying up front for the cruise. Food is outstanding, top-shelf alcohol ...
by stlrick
Wed Jan 23, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Annoying Problem with Vanguard Checkwriting
Replies: 14
Views: 1185

Re: Annoying Problem with Vanguard Checkwriting

I ordered such checks about a year ago. They do not have the problem described. My checks just say Vanguard Prime Money Market Fund. The cover of the checkbook says "Traditional IRA" on it, not the checks. That is exactly how it should be. The numbers are very different from regular checks, so the ...
by stlrick
Tue Jan 22, 2019 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Annoying Problem with Vanguard Checkwriting
Replies: 14
Views: 1185

Re: Annoying Problem with Vanguard Checkwriting

I ordered such checks about a year ago. They do not have the problem described. My checks just say Vanguard Prime Money Market Fund. The cover of the checkbook says "Traditional IRA" on it, not the checks. That is exactly how it should be. The numbers are very different from regular checks, so the ...
by stlrick
Tue Jan 22, 2019 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Annoying Problem with Vanguard Checkwriting
Replies: 14
Views: 1185

Annoying Problem with Vanguard Checkwriting

I just ordered checks to use with the Vanguard Federal Money Market Fund in my Traditional IRA. In adddition to my name and address, all the necessary account numbers, and the name of the fund, each check prominently has written on it "RETIREMENT. Traditional IRA." I don't see any reason that it is ...
by stlrick
Wed Jan 16, 2019 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Which Type of Annuities Did You Choose and Why
Replies: 18
Views: 1201

Re: Which Type of Annuities Did You Choose and Why

I'm meeting with an annuity advisor tomorrow to discuss getting an annuity. I'm 66, my wife is 62, and I'm thinking about paying an upfront premium of $500,000 in exchange for a flow of monthly payments beginning at my age 70.... I would only look at IMMEDIATE annuities, not one with X years until ...
by stlrick
Tue Jan 15, 2019 12:29 pm
Forum: Investing - Theory, News & General
Topic: An Annuity Hater Revisits SPIAs
Replies: 27
Views: 4922

Re: An Annuity Hater Revisits SPIAs

You can make inflation look bad and the payout look modest if you do your calculations based on starting an SPIA at 65, as Roth does. Much of the SPIA literature (see for example, anything by Milevsky) emphasizes that SPIAs are optimized by starting at 75, and perhaps laddering after that.
by stlrick
Tue Jan 15, 2019 8:42 am
Forum: Personal Consumer Issues
Topic: James Lee Burke - Nelson Demille
Replies: 6
Views: 639

Re: James Lee Burke - Nelson Demille

A key feature of James Lee Burke is that he writes a series - Detective Robicheaux. If you friend likes series, he may not like free-standing novels. For authors who do both, I read only the series. I like Burke, and also like Michael Connelly, John Lescroart, John Sanford, Robert Parker, Robert Cra...
by stlrick
Thu Jan 10, 2019 5:07 pm
Forum: Personal Consumer Issues
Topic: Anyone raised 3 kids WITHOUT buying a 3-row vehicle?
Replies: 82
Views: 6198

Re: Anyone raised 3 kids WITHOUT buying a 3-row vehicle?

Your wife wants one and with your assets it's a problem? You are crossing the line from frugal to penurious.
by stlrick
Mon Dec 31, 2018 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Another Annuity Question
Replies: 14
Views: 903

Re: Another Annuity Question

SPIAs only make sense if you get some kind of life contingent option. That is the area where insurance and annuities can gain advantages for policy holders by using pools of annuitants and giving you "mortality credits" in the calculation of the SPIA payout. The fixed period only SPIAs don't make a...
by stlrick
Fri Nov 30, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand "Payout Rate" for an Annuity
Replies: 58
Views: 3596

Re: Help me understand "Payout Rate" for an Annuity

43008/500,000 = 8.60% You give them 500k, they give you 43008 per year. They are "paying out" 8.6%. It is not the interest rate. It is a combination of principal, interest, and mortality credits, although I don't know how mortality credits figure in when you've doing term certain rather than SPIA. W...
by stlrick
Sat Nov 24, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: What’s your “barometer” for luxury purchases?
Replies: 72
Views: 5914

Re: What’s your “barometer” for luxury purchases?

The first thing my barometer is set on is to distinguish a better product from an ego product. At today's prices, I find a big difference between cars that cost 30k new and those that are 60k, but not between 60k and 100k. Given what I can get for 60, 100 would be to impress people, in other words, ...
by stlrick
Fri Nov 23, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: The psychology of withdrawing from your portfolio
Replies: 58
Views: 6336

Re: The psychology of withdrawing from your portfolio

I recognized sometime in my 40's that the difference between a SWR and a pension + social security + SPIA was much more than a retirement income decision. It is a lifestyle decision for me. For my entire adult life, I have had a reliable, predictable, monthly income. I organize my spending and savin...
by stlrick
Mon Nov 19, 2018 7:03 pm
Forum: Personal Consumer Issues
Topic: Coffee tablebooks??
Replies: 21
Views: 1619

Re: Coffee tablebooks??

"30,000 years of art"

$86 at Amazon.
by stlrick
Wed Nov 14, 2018 10:05 am
Forum: Personal Investments
Topic: Buying spia in December
Replies: 3
Views: 399

Re: Buying spia in December

Greg:

You might want to look through this discussion and some of the links in it:

viewtopic.php?f=1&t=110429
by stlrick
Wed Nov 14, 2018 9:19 am
Forum: Personal Investments
Topic: Buying spia in December
Replies: 3
Views: 399

Re: Buying spia in December

SPIAs should be compared on the basis of the monthly payout - a direct comparison of what you would receive each month. The multiple components that go into that bottom line for each insurance company can differ. The company with the lower commission rate may use a less favorable life table. The oth...
by stlrick
Mon Nov 12, 2018 8:20 am
Forum: Personal Investments
Topic: TIAA R1 With Painfully High Expenses - stuck?
Replies: 41
Views: 3135

Re: TIAA R1 With Painfully High Expenses - stuck?

Valuethinker / stlrick / student - While your comparison of TIAA RE to Vanguard REIT funds may be accurate, the discussion is hijacking the intent to help the OP. I don't think I can split your discussion into a new topic without losing context. Feel free to start a new thread to debate the differe...
by stlrick
Sun Nov 11, 2018 11:29 am
Forum: Personal Investments
Topic: TIAA R1 With Painfully High Expenses - stuck?
Replies: 41
Views: 3135

Re: TIAA R1 With Painfully High Expenses - stuck?

No, this is a common misconception. The TIAA Real Estate Account does not include property management costs in its expense ratio. Well, the fees for mowing the lawn aren't included in TIAA, but I believe some of the management fees that REITs occur (but aren't included in the Vanguard ER) are inclu...
by stlrick
Mon Nov 05, 2018 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Month to Claim Maximum Social Security
Replies: 2
Views: 565

Re: Month to Claim Maximum Social Security

The fourth Wednesday in September.
by stlrick
Sun Nov 04, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: tips to protect identity
Replies: 11
Views: 871

Re: tips to protect identity

Thanks for replies. a few new questions: 2. any value to paying for things like Verizon Bill, electric bill so on via old fashion check? No advantage that I can see. I pay Verizon same way I pay credit cards - by going to the site - verizonwireless.com - and authorizing payment to a credit card. Fo...
by stlrick
Sun Nov 04, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: tips to protect identity
Replies: 11
Views: 871

Re: tips to protect identity

In addition to the big three, have frozen Innovis and Chex Systems. Currently looking into freeze with NCTUNE (telecom and utilities exchange). You need more than one credit card. My wife just had an attempted fraudulent use on a card in her name. Right now, we are waiting for the replacement in the...
by stlrick
Sun Oct 28, 2018 7:26 am
Forum: Personal Investments
Topic: 5-10 year horizon for $100K
Replies: 11
Views: 1230

Re: 5-10 year horizon for $100K

I completely agree with you - planning for 10 years from now is difficult. Money needed within 5 years - put in CDs. Money needed in retirement if retirement is 20+ years from now - stay the course. Money needed in about 10 years - which is exactly where I am with my grandchildren's 529 plans - I ha...
by stlrick
Sun Oct 21, 2018 7:59 pm
Forum: Investing - Theory, News & General
Topic: How long will TIAA Trad (3.5%) stay ahead of the fixed income pack?
Replies: 24
Views: 2475

Re: How long will TIAA Trad (3.5%) stay ahead of the fixed income pack?

I have been accumulating in TRAD since 1979. All I can give you are observations and impressions. In general, you can expect TRAD interest rates for new contributions to lag the market trend. When the trend is one of declining interest rates, TRAD will be higher, and go down more slowly. When intere...