Search found 483 matches

by stlrick
Mon Nov 16, 2020 5:23 pm
Forum: Investing - Theory, News & General
Topic: Meaning of Social Security Full Retirement Age
Replies: 9
Views: 1224

Re: Meaning of Social Security Full Retirement Age

While I understand that I can look up my SS "full retirement age," based on my birth date, not really sure I understand it's significance. I can start collecting SS at age 62, or if I delay, the rate increases until it caps at 70.5. Isn't that rate of growth, ~8% a year, whether its 62-63...
by stlrick
Thu Oct 08, 2020 7:15 pm
Forum: Personal Consumer Issues
Topic: Baseball cards - worth anything?
Replies: 26
Views: 3345

Re: Baseball cards - worth anything?

It's easy to go to an online dealer and look up their price for selling the same cards that you have. You need to know something about how condition determines grading. If they want to buy your cards (unlikely), you might get 25% of their selling price (I'm not suggesting that these dealers would ma...
by stlrick
Sat Sep 26, 2020 7:57 am
Forum: Personal Finance (Not Investing)
Topic: At what networth is okay to splurge on a 200k car ? (Tesla roadster)
Replies: 159
Views: 10767

Re: At what networth is okay to splurge on a 200k car ? (Tesla roadster)

I tend to think of it in terms of marginal differences. If you are thinking about 200k, then a car that costs 100k should be no issue at all. In that case:

(1) What are you getting for the extra 100K?

(2) How much do you care about the various financial consequences of spending the extra 100K?
by stlrick
Thu Sep 17, 2020 8:57 am
Forum: Personal Consumer Issues
Topic: Best Company for Powered Blinds
Replies: 3
Views: 391

Re: Best Company for Powered Blinds

We installed several different types of shades by Hunter Douglas about 15 years ago. It's a quality product. The company webpage has a search link for authorized local retailers.
by stlrick
Fri Aug 21, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Managing finances for elderly parent long-distance
Replies: 33
Views: 1844

Re: Managing finances for elderly parent long-distance

I just want to pass on again how much I appreciate all the replies. There is a lot to do, and your suggestions are a great help. To TN_Boy, who suggests that some of what I've said about her condition is contradictory: Vision is extremely compromised and short term memory is not good. Both have pass...
by stlrick
Thu Aug 20, 2020 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Managing finances for elderly parent long-distance
Replies: 33
Views: 1844

Re: Managing finances for elderly parent long-distance

And also, consider thinking about "what next" if she later is not able to care for herself at home. What then? What does she want? What is manageable, from a financial and practical perspective, if there is no family nearby? RM Thanks RM. "What next" is the biggest issue. She an...
by stlrick
Wed Aug 19, 2020 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Managing finances for elderly parent long-distance
Replies: 33
Views: 1844

Re: Managing finances for elderly parent long-distance

Thanks. Great insights and suggestions. I don't have POA, but know her attorney and can talk to him about that. She remains highly competent with logic and decision making, but is losing short term memory. Main problem is vision loss from macular degeneration that has taken a turn for the worse. She...
by stlrick
Wed Aug 19, 2020 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Managing finances for elderly parent long-distance
Replies: 33
Views: 1844

Managing finances for elderly parent long-distance

It looks like I am going to need to take an active role in regular housekeeping finances for my 90+ mother. She lives 1000 miles from me, in her own home with an aide. She seems to be going from extremely independent to quite limited fairly quickly. I'm trying to get a handle on the issues and organ...
by stlrick
Sat Jul 18, 2020 11:51 am
Forum: Personal Investments
Topic: Until What Age Would You Recommend 0% Bond Allocation?
Replies: 149
Views: 8372

Re: Until What Age Would You Recommend 0% Bond Allocation?

Until what age should you be 100% equities? Until you don't want "being lucky" to be your investment strategy. It may work for someone, but unless your strategy also involves buying lottery tickets, there is no time be outside of 75/25 to 25/75, or something similar to that.
by stlrick
Mon Jul 13, 2020 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Amex platinum annual fee
Replies: 28
Views: 4688

Re: Amex platinum annual fee

Between the Uber credit (Uber Eats in the current environment) and the $20 each for Cell phone and streaming subscriptions, the annual fee is at worst break even. I also take advantage of the free Shop runner and $100 Saks benefit. They also have the $5 small business rebates going on right now. Do...
by stlrick
Mon Jul 13, 2020 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Amex platinum annual fee
Replies: 28
Views: 4688

Re: Amex platinum annual fee

What do folks get from Sacks every 6 months to use the $50? I got mine to use lol We buy children's clothing for a toddler granddaughter. But the $50 credit applies to any purchase at any time during the six months, including sales. $50 off a $100 dollar item that was $150 before it went on sale is...
by stlrick
Mon Jul 06, 2020 8:46 am
Forum: Investing - Theory, News & General
Topic: If you have access to TIAA-Traditional, should you own *any* bonds right now?
Replies: 18
Views: 1441

Re: If you have access to TIAA-Traditional, should you own *any* bonds right now?

TIAA-Traditional is backed by the TIAA General Account. The general account investments are summarized here: https://www.tiaa.org/public/pdf/performance/retirement/profiles/TIAA_Gen_Act_Fin_Strength.pdf Since so much of the general account is in corporate bonds, owning a diversified bond fund would ...
by stlrick
Sun Jul 05, 2020 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card vs Debit Card
Replies: 53
Views: 2619

Re: Credit Card vs Debit Card

Every month, you probably get some combination of cable bill, cell phone bill, electric bill, gas bill, etc. Why are you putting a monthly credit card bill in a separate category? What's the difference other than arbitrary mental accounting? Pay it off each month.
by stlrick
Thu Jun 18, 2020 8:32 am
Forum: Personal Investments
Topic: Different AA for different timeframes?
Replies: 11
Views: 612

Re: Different AA for different timeframes?

My perspective is not pure Boglehead, because I think the answer to your question is yes and no. Some of it is mental accounting, and some of it is necessary planning. You have one overall AA, but that AA can change with time depending on whether you have larger or smaller short-term or long-term go...
by stlrick
Wed Jun 17, 2020 1:45 pm
Forum: Personal Investments
Topic: USAA to Charles Schwab - not happy
Replies: 43
Views: 3562

Re: USAA to Charles Schwab - not happy

JaceSpade wrote: Wed Jun 17, 2020 11:48 am All I want in my Roth is a cheap S&P index fund.
0.02% is a cheap S&P index fund, so you are getting exactly what you want.

Once you get used to Schwab, you will like the interface and the service.
by stlrick
Sun Jun 14, 2020 5:25 pm
Forum: Personal Consumer Issues
Topic: Tipping on curbside pickup?
Replies: 44
Views: 3664

Re: Tipping on curbside pickup?

If I pickup from a store where I would not have tipped if I went in, I do not tip now (for example, the local wine and cheese shop). But if I order curbside pickup from a restaurant, I tip more than the 20% I used to do when I dined there. I also tip 20% of the entire grocery bill when I have my wee...
by stlrick
Thu Jun 11, 2020 8:06 am
Forum: Personal Finance (Not Investing)
Topic: After Tax Retirement Income Calculation
Replies: 9
Views: 954

Re: After Tax Retirement Income Calculation

El Greco wrote: Wed Jun 10, 2020 3:30 pm I recently found a federal tax calculator online that allowed me to plug in all my projected retirement income numbers. Looking ahead a year or so I entered 58K in Social Security for DW and me and 80K in IRA withdrawals (4% SWR) for a total of 138K.
Could you please share the link?
by stlrick
Mon Jun 08, 2020 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a small condo
Replies: 23
Views: 2458

Re: Purchasing a small condo

Here are a few key items: 1. How much is in the reserve fund and what are their policies regarding its use? Consider a roof that needs to be replaced after 20 years of wear-and-tear. A well-managed condo will have accumulated a fund over time. A poorly managed condo will assess current residents to ...
by stlrick
Sat May 23, 2020 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Employer cut 403b contribution to zero
Replies: 86
Views: 6391

Re: Employer cut 403b contribution to zero

I would agree with this approach, but I have another reason to recommend looking closely at your spending. Eliminating the 403b match is the first sign of fiscal distress at your institution. Universities will likely suffer more fiscal distress due to the economy, changes in research funding and fu...
by stlrick
Tue May 19, 2020 5:23 pm
Forum: Investing - Theory, News & General
Topic: If you have access to TIAA-Traditional, should you own *any* bonds right now?
Replies: 18
Views: 1441

Re: If you have access to TIAA-Traditional, should you own *any* bonds right now?

There are two things you should check carefully before using TIAA Traditional (also known as TRAD). First, TIAA offers several different kinds of contractual arrangements with employers. They go by designations such as RA, GRA, SRA, RC, RCP. They may all offer TIAA Traditional, but they do not all g...
by stlrick
Sun May 17, 2020 4:29 pm
Forum: Personal Investments
Topic: TIAA Real Estate Movement
Replies: 86
Views: 7212

Re: TIAA Real Estate Movement

In a RA, the Accumulating Stage Interest Crediting Rates (referred to as vintages, or when contributions were applied) will initially earn the guaranteed 3% minimum, plus any additional interest that TIAA decides to offer (currently 0%). As the vintages age, TIAA has historically increased the cred...
by stlrick
Sat May 16, 2020 3:27 pm
Forum: Personal Investments
Topic: Vanguard Wellington Fund vs TIAA-CREF?
Replies: 20
Views: 1965

Re: Vanguard Wellington Fund vs TIAA-CREF?

I don't want to make it more complicated for you, but it's unclear whether Vg Wellington is an option in the same plan where you have CREF and TIAA Tradtitional. That would be a little unusual, but it's possible. My university GRA has Wellington, CREF Equity Index, and TRAD, as well as Vanguard Ins...
by stlrick
Thu Mar 19, 2020 7:05 am
Forum: Personal Consumer Issues
Topic: How much cash to have during coronavirus panic?
Replies: 146
Views: 11630

Re: How much cash to have during coronavirus panic?

lostdog wrote: Wed Mar 18, 2020 5:53 pm It's stupid. Over panicking.
and Anthony Fauci says "if it looks like you're overreacting, you're probably doing the right thing."

I wonder which one of you knows what he is talking about.
by stlrick
Sun Mar 15, 2020 5:51 pm
Forum: Personal Investments
Topic: Vanguard Vs Schwab
Replies: 33
Views: 2152

Re: Vanguard Vs Schwab

I had accounts with Vanguard for 30 years or more and recently moved everything to Schwab. The overriding factor was that Schwab has physical locations that I can walk into and talk to someone - or, if something happens to me, that my wife can walk into - and Vanguard does not. Customer service at ...
by stlrick
Sat Mar 14, 2020 7:46 pm
Forum: Personal Investments
Topic: Vanguard Vs Schwab
Replies: 33
Views: 2152

Re: Vanguard Vs Schwab

I had accounts with Vanguard for 30 years or more and recently moved everything to Schwab. The overriding factor was that Schwab has physical locations that I can walk into and talk to someone - or, if something happens to me, that my wife can walk into - and Vanguard does not. Customer service at S...
by stlrick
Mon Mar 02, 2020 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Do you receive an annual declarations update on LTCI?
Replies: 5
Views: 345

Re: Do you receive an annual declarations update on LTCI?

Thanks for the replies. In 2016, Prudential transferred all administration of individual policies to a third-party administrator, CHCS Services Inc. I called CHCS this morning, and they will send updated declarations. I can call every year if I like, but that is the best they will do. In addition, I...
by stlrick
Sun Mar 01, 2020 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Do you receive an annual declarations update on LTCI?
Replies: 5
Views: 345

Do you receive an annual declarations update on LTCI?

My wife and I purchased long-term care insurance from Prudential several years before they stopped selling individual policies. We have kept the coverage and continue to pay annual premiums. However, we have never received updated declarations. With a 5% annual compound inflation rider, our daily be...
by stlrick
Sat Feb 29, 2020 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Medicare vs IRMAA vs health care coverage
Replies: 37
Views: 2069

Re: Medicare vs IRMAA vs health care coverage

Just wondering..... If you look at the Medicare IRMAA surcharge chart, it gets pretty expensive as your MAGI gets higher. Are you required to take Medicare in retirement ? Basically - can you chose to NOT take Medicare Part B- NOT pay the Medicare premiums + NOT pay the IRMAA - If so, what do you d...
by stlrick
Sun Feb 16, 2020 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Sending Tax Documents Securely
Replies: 14
Views: 1137

Re: Sending Tax Documents Securely

Fedex overnight envelope.
by stlrick
Wed Jan 15, 2020 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off large mortgage balance in one lump sum
Replies: 73
Views: 4550

Re: Paying off large mortgage balance in one lump sum

You are not financially independent. You are confident that if nothing changes, you will be. Well, things change. Disability, serious illness in yourselves or family, entirely unpredictable employment surprises, etc. etc. In the spirit of avoiding sudden financial moves, I did it gradually. I made a...
by stlrick
Thu Dec 19, 2019 12:42 pm
Forum: Personal Investments
Topic: Pre-tax 403(b) to Roth 403(b): Contribute or Convert?
Replies: 3
Views: 156

Pre-tax 403(b) to Roth 403(b): Contribute or Convert?

I want to add about 25k per year to the Roth balance in my 403(b). I can do this by monthly contributions or by converting some of the current pre-tax balance to Roth. After doing this for a few years, I will retire and rollover all the Roth 403(b) contributions to a Roth IRA. Does it make any diffe...
by stlrick
Wed Dec 18, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is anyone here surviving without a credit card?
Replies: 85
Views: 4458

Re: Is anyone here surviving without a credit card?

I have a relative who does not have a credit card. He pays for everything with cash, keeps most of his assets in gold coins, and lives on a hill in the country where he can see you coming from a long way off. Although he does not think the earth is flat, he does think that jet contrails are chemtrai...
by stlrick
Fri Nov 22, 2019 8:57 am
Forum: Personal Consumer Issues
Topic: 70+year Oldies: Anyone buying the C8 Corvette?
Replies: 77
Views: 6183

Re: 70+year Oldies: Anyone buying the C8 Corvette?

abner kravitz wrote: Fri Nov 22, 2019 7:48 am While the thought of driving a Corvette appeals to me, the thought of getting in and out of it does not. It would have to come with an Advil dispenser.
+1

If that seems irrelevant today, it may not be irrelevant in two years. Things change quickly.
by stlrick
Sun Nov 10, 2019 6:12 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 12565

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: 12565

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: 1100

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: 1100

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: 12565

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 ...
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: 1100

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: 1084

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: 10
Views: 1733

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 provide...
by stlrick
Wed Oct 23, 2019 7:11 am
Forum: Personal Investments
Topic: QCDs in first year of RMDs
Replies: 10
Views: 1003

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: 1003

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....
by stlrick
Tue Oct 22, 2019 6:25 pm
Forum: Personal Investments
Topic: QCDs in first year of RMDs
Replies: 10
Views: 1003

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: 15911

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: 3355

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: 1899

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: 2591

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: 1401

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.