Search found 309 matches

by rterickson
Sun Jul 05, 2020 10:46 am
Forum: Personal Investments
Topic: Early Retirement Check Up - Looking for Direction
Replies: 42
Views: 3597

Re: Early Retirement Check Up - Looking for Direction

I'm not really taking SS into account for planning purposes anyway. I think it gets reduced by my pension somehow as well. Look on your pay stub, if you are paying Social Security payroll taxes (FICA) then your SS benefits will NOT be reduced because of the pension. Also look at the details of your...
by rterickson
Tue Jun 30, 2020 10:52 am
Forum: Personal Finance (Not Investing)
Topic: 2% cash back credit card without extensive credit history
Replies: 10
Views: 1101

Re: 2% cash back credit card without extensive credit history

If you sign up for an account at Credit Karma they will give you recommendations for cards to apply for ranked by odds of approval.
by rterickson
Tue Jun 30, 2020 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Application Denied to Open a New Checking Account
Replies: 30
Views: 2442

Re: Application Denied to Open a New Checking Account

Be aware that if you remove yourself as an authorized user on your mother's accounts your available credit is going to drop from $35,000 to $5,000. That is also going to hurt your score. I would focus on adding additional cards of your own first.
by rterickson
Thu Jun 25, 2020 8:35 am
Forum: Personal Consumer Issues
Topic: Restaurants recommendations
Replies: 73
Views: 5067

Re: Restaurants recommendations

peseta wrote:
Wed Jun 24, 2020 9:09 pm
In San Diego, Pizza Port. Especially if you like beer.
:sharebeer
by rterickson
Thu Jun 25, 2020 8:29 am
Forum: Personal Consumer Issues
Topic: Any Instant Pot users here?
Replies: 165
Views: 20106

Re: Any Instant Pot users here?

Kohl's has a Crock-Pot brand pressure cooker on sale for $49.

I don't know anything about this unit, but that is a good price.
by rterickson
Wed Jun 24, 2020 4:47 pm
Forum: Personal Consumer Issues
Topic: Okay to have 2 health insurance for child (parents and his work)?
Replies: 13
Views: 967

Re: Okay to have 2 health insurance for child (parents and his work)?

Deblog wrote:
Wed Jun 24, 2020 4:28 pm
Unless his insurance option is also a high deductible plan, I don’t think he can have a lower deductible plan while being covered by a high deductible plan?
He can have both, but he would not be eligible for his own separate HSA based on the OP's HDHP.
by rterickson
Wed Jun 24, 2020 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Chase reducing credit card limits
Replies: 127
Views: 13518

Re: Chase reducing credit card limits

Got reduced from $11000 to $6100. This is my oldest card, nearly 32 years. Score in the 820's.

Just checked the offers section of their website. The good news is that I'm pre-qualified for Freedom, and pre-approved for Southwest, Freedom Unlimited, and both Sapphires! THAT makes sense.
by rterickson
Sun Jun 21, 2020 10:03 am
Forum: Personal Finance (Not Investing)
Topic: New job - medical waiver reimbursement
Replies: 7
Views: 729

Re: New job - medical waiver reimbursement

This is a good deal. My wife gets less than $50 per month for waiving.

To be eligible, you will have to provide your new employer with proof of other coverage when you fill out the paperwork.
by rterickson
Sat Jun 20, 2020 1:33 pm
Forum: Personal Investments
Topic: AA recommendation? Just starting Roth IRA
Replies: 20
Views: 1017

Re: AA recommendation? Just starting Roth IRA

I just opened a Roth IRA at Morgan Stanley (family working there so free account). What does "free" mean? Are you still paying large upfront sales commissions, heavy annual management fees, and expense ratios of 1% or higher? Accounts are free at Vanguard, Fidelity, and Schwab, expenses are much lo...
by rterickson
Thu Jun 18, 2020 9:49 am
Forum: Personal Investments
Topic: Locking in the day's gains?
Replies: 19
Views: 1690

Re: Locking in the day's gains?

I'm pulling a monthly distribution from my TIRA on a set day each month automatically. Not market timing. I'm thinking it might be better to manually sell on trending up days to avoid this pitfall. Market timing. Would you mind expanding more on what’s the issue with this type of “market timing” I ...
by rterickson
Thu Jun 18, 2020 8:09 am
Forum: Personal Investments
Topic: USAA to Charles Schwab - not happy
Replies: 43
Views: 3448

Re: USAA to Charles Schwab - not happy

Fidelity also has a ZERO Total Market Index fund with no expenses at all.
by rterickson
Thu Jun 18, 2020 8:01 am
Forum: Personal Investments
Topic: Locking in the day's gains?
Replies: 19
Views: 1690

Re: Locking in the day's gains?

eldinerocheapo wrote:
Wed Jun 17, 2020 8:52 am
I'm pulling a monthly distribution from my TIRA on a set day each month automatically.
Not market timing.
eldinerocheapo wrote:
Wed Jun 17, 2020 8:52 am
I'm thinking it might be better to manually sell on trending up days to avoid this pitfall.
Market timing.
by rterickson
Sat Jun 13, 2020 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Verify a young families priorities
Replies: 29
Views: 2444

Re: Verify a young families priorities

mzvarner wrote:
Sat Jun 13, 2020 3:46 pm
My big concern is more personal. He has been helpful and friendly, so hard to take away from him and his family during these times.

You do realize that he has no qualms about taking money away from your family, right?
by rterickson
Sat Jun 13, 2020 10:59 am
Forum: Personal Consumer Issues
Topic: EPO Horror Stories? [Exclusive Provider Organization - health insurance]
Replies: 30
Views: 2651

Re: EPO Horror Stories?

Just a clarification: Non-Network generally means local, but does not participate in the insurer's program. I.e. if you visit a local provider that is not under contract to the insurance, they won't pay anything. When travelling, once you exceed whatever distance they define as *out of the area*, em...
by rterickson
Wed Jun 10, 2020 9:21 am
Forum: Personal Investments
Topic: Combining Finances and How to Get One AA Across Accounts?
Replies: 5
Views: 239

Re: Combining Finances and How to Get One AA Across Accounts?

Target Date 2055 (90/10) and Conservative Growth (40/60) is kind of a bizarre combination for someone with an overall AA of 90%/10%.

You can have anything you want in a brokerage account -- why not another long range target date, or at least Vanguard Growth which is 80% stock?
by rterickson
Tue Jun 09, 2020 10:23 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1952
Views: 211936

Re: [What TV Show Have You Recently Watched?]

Also on PBS/Masterpiece/Passport:

Prime Suspect:Tennison.

The 2017 prequel to the classic series starring Helen Mirren.

This one begins on young Jane's first day on the job as a rookie constable (and tea-maker, phone answerer, and general cleaner).
by rterickson
Sun Jun 07, 2020 10:48 am
Forum: Personal Investments
Topic: Financial Advisor - Garrett Planning Network (?)
Replies: 11
Views: 1153

Re: Financial Advisor - Garrett Planning Network (?)

Clark Howard frequently recommends GPN for fee-only planning advice.
by rterickson
Sat Jun 06, 2020 3:32 pm
Forum: Personal Investments
Topic: New 401k fund options - ideal 3 fund portfolio
Replies: 12
Views: 748

Re: New 401k fund options - ideal 3 fund portfolio

One more question, any concerns with having an entire 401k within a target fund, besides not being able to individually control and modify the allocation ? In my opinion this a feature, not a bug. The only thing to consider is that all target funds eventually trend down to about 30-40% stock over t...
by rterickson
Sun May 31, 2020 2:46 pm
Forum: Personal Investments
Topic: Vanguard vs. Fidelity Large Cap Growth Mutual Fund
Replies: 20
Views: 1059

Re: Vanguard vs. Fidelity Large Cap Growth Mutual Fund

mam69350 wrote:
Sun May 31, 2020 1:44 pm

My wife is a financial advisor and gets sales charge's waived. All I am having to deal with would be the 1.11% expense ratio.
As long as you're aware that over the next thirty years, that level of expenses is going to siphon off about a quarter of your gains.
by rterickson
Sat May 30, 2020 1:32 pm
Forum: Personal Consumer Issues
Topic: does anyone have a subscription to youtube tv?
Replies: 118
Views: 7482

Re: does anyone have a subscription to youtube tv?

onourway wrote:
Sat May 30, 2020 9:51 am
What if one of the devices is not on wifi but rather cellular, even though they are physically in the same house?
Not a problem because the YouTubeTV app requires access to your devices location.
by rterickson
Sat May 30, 2020 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly mother gave scammer SSN and birthdate
Replies: 4
Views: 745

Re: Elderly mother gave scammer SSN and birthdate

DebiT wrote:
Fri May 29, 2020 1:15 pm
Do you mean if there is a fraud alert, or if we freeze the account?
If your credit is frozen with the credit bureaus you will not be able to sign up for a MySocialSecurity account. You would have to do that before you freeze.
by rterickson
Fri May 29, 2020 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Windfall elimination provision - What happens if you take another pension early, SS late?
Replies: 11
Views: 1196

Re: Windfall elimination provision - What happens if you take another pension early, SS late?

Excellent posts from Flobes. My question is how does the social security administration "find out" about the foreign (non-SS) pension in the first place? I would imagine that this is covered by tax treaty for the governments that have one with the US. In other cases, is the social security applican...
by rterickson
Fri May 29, 2020 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Windfall elimination provision - What happens if you take another pension early, SS late?
Replies: 11
Views: 1196

Re: Windfall elimination provision - What happens if you take another pension early, SS late?

Excellent posts from Flobes. My question is how does the social security administration "find out" about the foreign (non-SS) pension in the first place? I would imagine that this is covered by tax treaty for the governments that have one with the US. In other cases, is the social security applicant...
by rterickson
Thu May 28, 2020 11:51 am
Forum: Personal Investments
Topic: Question re: SS & ORP; answering confusing SS Questions
Replies: 3
Views: 349

Re: Question re: SS & ORP; answering confusing SS Questions

The "good" news is that the maximum WEP reduction to her social security benefit is $480 for 2020, so she is likely to still get something.
by rterickson
Mon May 25, 2020 9:47 am
Forum: Personal Consumer Issues
Topic: Does software play a role in choosing TV
Replies: 28
Views: 1435

Re: Does software play a role in choosing TV

TomatoTomahto wrote:
Sun May 24, 2020 8:10 pm
adamthesmythe wrote:
Sun May 24, 2020 5:34 pm
For some reason, though, there is no Britbox app for Samsung.
Just order it through Amazon Prime.
Or use the Roku app.
by rterickson
Sat May 23, 2020 12:45 pm
Forum: Personal Consumer Issues
Topic: Thin, long lasting athletic socks?
Replies: 16
Views: 1236

Re: Thin, long lasting athletic socks?

Wigwam Cool-Lite.
by rterickson
Mon May 18, 2020 3:34 pm
Forum: Personal Consumer Issues
Topic: Importing an almost new car into CA
Replies: 23
Views: 1487

Re: Importing an almost new car into CA

If I didn't own a car and was moving to California, I would much prefer practicing/learning California-style driving for a month in a rental rather than a brand new car I owned.
by rterickson
Mon May 18, 2020 3:28 pm
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 4204

Re: Dual citizen, USA passport expiring, how to travel internationally

When you fill out the application to renew the passport, spend a few more bucks and get both the book and card versions. The passport card is a handy type of Real ID.
by rterickson
Sun May 17, 2020 4:39 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1952
Views: 211936

Re: [What TV Show Have You Recently Watched?]

Still Game on Netflix. It's about Scottish pensioners living in a seen-better-days Glasgow suburb. Really funny, but subtitles are a must. On Acorn TV, there are a number of really good Australian dramedies about people who leave the big city and move to small quirky towns (think Northern Exposure)...
by rterickson
Sat May 16, 2020 6:11 pm
Forum: Personal Consumer Issues
Topic: How to get disinfecting wipes..seriously
Replies: 87
Views: 6560

Re: How to get disinfecting wipes..seriously

DW just returned from Walmart Grocery with 1 regular size container. They had the large size earlier this morning. Limit 1 per customer.
by rterickson
Mon May 11, 2020 1:32 pm
Forum: Personal Investments
Topic: New to Boglehead concept, question about bonds
Replies: 9
Views: 797

Re: New to Boglehead concept, question about bonds

I have an investment type life insurance policy that I had borrowed from to get into other investments right before the virus and then I held tight onto the cash .... So I have about $100k that I want to invest. Just to be clear, are you talking about investing money borrowed from an insurance poli...
by rterickson
Mon May 11, 2020 1:11 pm
Forum: Personal Investments
Topic: New (semi) retiree needs help in these dire times
Replies: 8
Views: 1776

Re: New (semi) retiree needs help in these dire times

$3000 per month represents only 2.4 percent of your portfolio, even if it never gains a dime, so you should be able to do this without worry. 4% per year is the general rule for your age -- I'm in my late 50's and consider 3% to be conservative for my circumstances.

Enjoy your retirement!
by rterickson
Sun May 10, 2020 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement due to COVID 19 ?
Replies: 82
Views: 6311

Re: Retirement due to COVID 19 ?

go_mets wrote:
Sun May 10, 2020 2:03 pm

As a point of how badly this will continue:
My next door neighbor today has 7 families over for lunch.
My state is still locked down.
People are being extremely careless.
My goal is to avoid as much as I can.

.
Wait, are we neighbors?
by rterickson
Sun May 10, 2020 4:27 pm
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 7062

Re: Has Your Spending Changed Since The Shutdown?

I notice several have mentioned their grocery costs have increased. I'm curious as to why - at this point (May, 2020) - this may still be true? Groceries are being stocked. We have food - there are some products that are in short supply, but for the most part food is readily available. Why are we n...
by rterickson
Sat May 09, 2020 4:18 pm
Forum: Personal Investments
Topic: Should I change my "aggressive" 401k to a 2 fund investment?
Replies: 20
Views: 1204

Re: Should I change my "aggressive" 401k to a 2 fund investment?

Bonds are usually held for stability/wealth protection rather than for appreciation. Stocks build wealth, bonds help you keep it. If you can tolerate seeing your portfolio bounce around with the market (a lot of folks thought they could last year, but changed their tune this year) it could be approp...
by rterickson
Sat May 09, 2020 3:50 pm
Forum: Personal Investments
Topic: Should I change my "aggressive" 401k to a 2 fund investment?
Replies: 20
Views: 1204

Re: Should I change my "aggressive" 401k to a 2 fund investment?

AA is asset allocation, or what percentage of stocks vs. bonds. I.E. 60% stock, 40% bonds.
by rterickson
Sat May 09, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: How Do Early Retirees Pay for Medical
Replies: 132
Views: 9974

Re: How Do Early Retirees Pay for Medical

What's interesting is that I was thinking that perhaps we made a non-qualify mid-year insurance a few years ago and we were never asked for verification. Long story short, my wife and I were on my employer's health insurance. When my employer's open enrollment came in June, the prices had gone up s...
by rterickson
Sat May 09, 2020 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Credit score stalled after big purchase
Replies: 24
Views: 1408

Re: Credit score stalled after big purchase

Car dealers have been known to run credit checks even when you are not using them for financing.

Check your BofA and/or Credit Karma to see if they show a hard inquiry in December 2019.
by rterickson
Fri May 08, 2020 10:28 am
Forum: Personal Consumer Issues
Topic: Toilet lid suddenly popped up?
Replies: 30
Views: 3609

Re: Toilet lid suddenly popped up?

4ransom wrote:
Thu May 07, 2020 6:21 pm
Reminds me-what ever happened on the talking house and discovered floor safe threads?
Missed this one, do you recall the title of the thread?
by rterickson
Fri May 08, 2020 10:01 am
Forum: Personal Investments
Topic: How does 401K payments/distributions actually work?
Replies: 20
Views: 1449

Re: How does 401K payments/distributions actually work?

22twain wrote:
Thu May 07, 2020 2:18 pm
rterickson wrote:
Thu May 07, 2020 1:41 pm
mllouay wrote:
Thu May 07, 2020 11:49 am
So if you were to take payments from you tIRA, how would that work?
This will be spelled out in your SPD.
IRAs have SPDs? :shock:
My bad, no, I don't think they do.

They do though have systematic withdrawal/distribution forms where you can specify what you want to take out.
by rterickson
Thu May 07, 2020 1:41 pm
Forum: Personal Investments
Topic: How does 401K payments/distributions actually work?
Replies: 20
Views: 1449

Re: How does 401K payments/distributions actually work?

So if you were to take payments from you tIRA, how would that work? say for example, you have 50% VTI etf, and 50% BND bond. Would they give you monthly payment equally from both VTI and BND? From VTI only till it runs out and then BND? BND only till it runs out and then VTI? or Is it up to you whi...
by rterickson
Wed May 06, 2020 1:32 pm
Forum: Personal Investments
Topic: How not to stretch yourself too thin on home purchase?
Replies: 34
Views: 3423

Re: How not to stretch yourself too thin on home purchase?

With your income, your budget should also account for taxes, especially if you have a significant state tax burden.
by rterickson
Wed May 06, 2020 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: [thinking about buying a house in LA, wait for RE crash?]
Replies: 66
Views: 4717

Re: [thinking about buying a house in LA, wait for RE crash?]

The Dr.HousingBubble blog is an always-entertaining read on the Southern California real estate market.
by rterickson
Tue May 05, 2020 10:24 am
Forum: Personal Consumer Issues
Topic: Amazon Prime Membership Question [Considering to drop membership]
Replies: 136
Views: 9618

Re: Amazon Prime Membership Question

Prime also makes the credit card 5% cash back . That's 2% extra. That alone pays for the $119 membership if you spend $6k/yr at Amazon. Not everyone spends that much but it's probably a good chunk of the cost before you even consider the occasional bonus cash back deals for prime only, the prime sa...
by rterickson
Mon May 04, 2020 2:35 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Membership Question [Considering to drop membership]
Replies: 136
Views: 9618

Re: Amazon Prime Membership Question

I see some longer delivery times. All told, I think delivery is not quite as good as it was a month ago, but do see one improvement (Sunday Delivery) that makes me optimistic about future improvements after the dust settles. I like Amazon Prime Video which is another reason not to drop membership. ...
by rterickson
Sun May 03, 2020 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Online bill pay service with Citi Double Cash
Replies: 13
Views: 980

Re: Online bill pay service with Citi Double Cash

I think what you are asking for is a platform that will "push" the payment through the credit card company. I don't think one exists. What I do is go to each vendor one time only and ask them to automatically "pull" the payment each month through the credit card company. Been doing this for at leas...
by rterickson
Sat May 02, 2020 12:34 pm
Forum: Personal Investments
Topic: Starting life over from scratch at 33
Replies: 32
Views: 6307

Re: Starting life over from scratch at 33

I don't know how Georgia's teachers retirement plan works, but in many cases, if you work a job that would entitle you to Social Security, and also have a teachers pension, then you will have all or a portion of your Social Security payment approximately equal to your pension forfeited. Nasty law. ...
by rterickson
Wed Apr 29, 2020 10:04 am
Forum: Personal Consumer Issues
Topic: Should I accept a "free" vehicle from family member?
Replies: 22
Views: 2433

Re: Should I accept a "free" vehicle from family member?

wojo8625 wrote:
Tue Apr 28, 2020 8:33 pm

KBB value is approx 1700 (without rust). He doesn't think he'd get a thousand for it.
For as long as I can remember, any truck in running condition has been worth at least $1000.
by rterickson
Tue Apr 28, 2020 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Annuity Distribution Options advice please
Replies: 16
Views: 920

Re: Pension Annuity Distribution Options advice please

IRS Section 72(t) rules allow penalty free retirement account early withdrawals, but you will have to make them for at least 5 years continuous.
by rterickson
Sun Apr 26, 2020 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Carrying a big long mortgage
Replies: 96
Views: 6800

Re: Carrying a big long mortgage

I just read in another blog where Ric said "I just refinanced our house to a 30-year fixed rate at 2.875 percent.”

At least he puts his money where his mouth is.