Search found 549 matches

by KlingKlang
Sat Oct 29, 2016 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance rates went up
Replies: 155
Views: 16762

Re: Health Insurance rates went up

We received our annual "We're dropping your current ACA plan and the replacement plan premiums will cost you 48% more." letter from Medical Mutual Wednesday. Even with maximum subsidies our rate (2 people) will be going up to $769 per month. $500 per person deductible and no co-pays.
by KlingKlang
Sat Oct 29, 2016 8:38 am
Forum: Personal Consumer Issues
Topic: Grocery Stores Employing Customers
Replies: 59
Views: 5802

Re: Grocery Stores Employing Customers

The only grocery store that I can recall anyone unloading my basket/cart is Trader Joe's. This is not necessarily a good thing, I once stood in line for ten minutes while the cashier just waved her arm inside the cart of the customer ahead of me because she was too busy talking to her to look at wha...
by KlingKlang
Mon Oct 24, 2016 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Recent Retiree
Replies: 14
Views: 1965

Re: Portfolio Advice - Recent Retiree

Congratulations on your retirement! I agree with the previous comments that if you don't want any international stocks or bonds then you don't need them. Also that there is no reason to let your Vanguard Advisor manage your accounts. I would suggest that your stock allocation be in the 40 to 50% ran...
by KlingKlang
Mon Oct 17, 2016 8:25 am
Forum: Investing - Theory, News & General
Topic: How to Build A Retirement Paycheck From Your Investments
Replies: 23
Views: 6160

Re: How to Build A Retirement Paycheck From Your Investments

http://www.theretirementmanifesto.com/how-to-build-a-retirement-paycheck/ Doesn't that all boil down to "If you withdraw money faster than your investments earn it, you will deplete the account" and no strategy, other than increasing risk and hoping for the best, can overcome that? The biggest weak...
by KlingKlang
Wed Oct 12, 2016 10:08 am
Forum: Personal Consumer Issues
Topic: Is this ER bill normal (medical billing)
Replies: 64
Views: 6001

Re: Is this ER bill normal (medical billing)

From the description of the symptoms and the way the child was diagnosed, AND my experience (years ago) as a parent, it seems to me that this could have been very safely dealt with by a telephone consultation with a healthcare professional. When our son was this age, we were fortunate to have a tel...
by KlingKlang
Tue Oct 11, 2016 2:08 pm
Forum: Personal Consumer Issues
Topic: packaged food expired best buy dates
Replies: 57
Views: 4175

Re: packaged food expired best buy dates

For canned goods, watch out for bulging cans. If a can bulges, the food inside is spoiled. When we cleaned out my grandmother's house she had left inherited canned food that was over 100 years old. My mother asked if she could use the cans that were "only a little bit bulgy". I told her that I woul...
by KlingKlang
Tue Oct 11, 2016 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Can someone pressure test my thinking
Replies: 16
Views: 1971

Re: Can someone pressure test my thinking

Any asset allocation plan that you can follow outside of a 529 you can also follow inside of a 529. So why don't you want to use a 529 plan?
by KlingKlang
Mon Oct 10, 2016 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: Help with My Mom's Portfolio
Replies: 12
Views: 1440

Re: Help with My Mom's Portfolio

Remember that if your father died in 2016 your mother will be able to file as married filing jointly for 2016. I wish that you had better bond fund choices in the 401(k) - FMFIX is short and expensive, DFFGX is very short and economical. Neither one is going to generate huge gains, but DFFGX actuall...
by KlingKlang
Sun Oct 09, 2016 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Crossing the line (becoming a miser)
Replies: 71
Views: 10754

Re: Crossing the line (becoming a miser)

Just did this at dinner yesterday. Walked with my wife and daughter to a well rated Thai restaurant. Ordered the cheapest thing on the menu as always even though there were more expensive entrees that I would rather have had. Ate three bites, didn't like it, boxed it up and took it home. Made for a ...
by KlingKlang
Sat Oct 08, 2016 10:15 pm
Forum: Investing - Theory, News & General
Topic: Dilbert Sums Up Exactly How I feel at times
Replies: 34
Views: 5282

Re: Dilbert Sums Up Exactly How I feel at times

Someone on the Dilbert forum posted an interesting comment on the Pointy Hair Boss (PHB) taking Dogbert's stock investing advice: rxantos • 7 days ago And the funny thing is that PHB does make money. When you buy a stock, you are betting that other people will buy at a higher price. By being the alp...
by KlingKlang
Mon Oct 03, 2016 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Staying at same company for years and years….bad idea?
Replies: 41
Views: 5377

Re: Staying at same company for years and years….bad idea?

I spent the 90's working at a branch office of a mid-sized manufacturing tech company in the Northeast Ohio area. The two charter engineers with 25+ years seniority (not me) received (by Mid-West standards) golden salaries and bonuses and all of the junior engineers aspired to be like them. Then one...
by KlingKlang
Sun Oct 02, 2016 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Need some helpful advice to plan financial future
Replies: 20
Views: 2338

Re: Need some helpful advice to plan financial future

401k - 130k 18k for 2015 & 2016 (for less taxable income) No Match, just profit sharing Be careful about maximizing your 401(k) contribution if your company may make large profit sharing contributions to the same account. There is a little known IRS rule that limits the sum of ALL contributions to ...
by KlingKlang
Sat Oct 01, 2016 9:38 am
Forum: Investing - Help with Personal Investments
Topic: 1986 EE Bonds have matured
Replies: 2
Views: 541

Re: 1986 EE Bonds have matured

I'm afraid that you are out of luck. As you have stated, only EE bonds issued after 1989 can use the education exclusion feature. Federal law dictates that interest be declared for the year the bonds mature and if I suggest otherwise my posts get deleted. Your only tax advantage is that the interest...
by KlingKlang
Sat Sep 24, 2016 1:22 pm
Forum: Personal Consumer Issues
Topic: 100 Things Not Worth a Penny
Replies: 32
Views: 3441

Re: 100 Things Not Worth a Penny

Property tax, schools especially. It all goes to underfunded teacher pensions. My daughter's second grade public school teacher got paid for the entire year even though she didn't bother to show up after the first week of school. She was too distraught to work after her 16 year old son killed himse...
by KlingKlang
Wed Sep 14, 2016 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Please Help - ObamaCare application question regarding income
Replies: 27
Views: 1778

Re: Please Help - ObamaCare application question regarding income

I do not NEED the Advanced Premium Tax Credit (APTC) subsidy upfront. However, the best value plans also incorporate "Cost Sharing Reduction Subsidies" (CSR) and these plans are not even visible to you if you do not apply with the low income. I don't know for sure, but I don't think the CSR subsidy...
by KlingKlang
Wed Sep 07, 2016 4:21 pm
Forum: Personal Consumer Issues
Topic: Should I upgrade my 6 year old plasma TV?
Replies: 81
Views: 14589

Re: Should I upgrade my 6 year old plasma TV?

We have a 2005 Panasonic plasma we paid an outrageous 3k for. My husband prays for its demise but so far it's still kicking. Don't replace a tv that works. So how much longer do I have to wait to replace my 1993 Toshiba Cinema Series 36 inch CRT TV? Assuming that I can find a couple of guys strong ...
by KlingKlang
Tue Sep 06, 2016 6:35 am
Forum: Investing - Theory, News & General
Topic: Reflections on 25 years in a bond fund
Replies: 13
Views: 2751

Re: Reflections on 25 years in a bond fund

So if I'm reading this right you're essentially blaming Vanguard for the current low interest rates on muni bonds :oops: Focus on the return, largely tax free, that you've received on the investment. Blaming the manager for Mr. Market's results is kind of silly. That's not how I read it. I can't se...
by KlingKlang
Mon Sep 05, 2016 6:25 pm
Forum: Investing - Theory, News & General
Topic: Reflections on 25 years in a bond fund
Replies: 13
Views: 2751

Reflections on 25 years in a bond fund

06/18/1990 was the inception date for the Vanguard Ohio Long-Term Tax-Exempt Bond Fund. On 09/04/1991 I purchased 285.714 shares at $10.50 per share for $3000. Since then I have made 264 additional purchases totaling $71,721.13, an average purchase of $249.07 per month. I have never withdrawn any mo...
by KlingKlang
Sat Sep 03, 2016 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Unethical to chase transfer bonuses?
Replies: 52
Views: 5106

Re: Unethical to chase transfer bonuses?

I worked very hard as a teenager for $1.20/hour. Go for it!
by KlingKlang
Thu Sep 01, 2016 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: How to transition into retirement?
Replies: 14
Views: 2454

Re: How to transition into retirement?

Congratulations on making it to your goal! Information that we really need is: Your age. Are you married and if so what is the age of your spouse. What are your options/plans for health insurance. Don't worry too much about issues 1 and 2. Issue 3. Your current allocation could be fine depending on ...
by KlingKlang
Tue Aug 30, 2016 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Unearned Income v. Earned Income Tipping Point
Replies: 8
Views: 1144

Re: Unearned Income v. Earned Income Tipping Point

I'm sure that someone else will calculate the results of your examples down to five decimal places, but here are my general comments: Earned income gives you the opportunity to save in tax advantaged accounts such as 401(k)s, IRAs, and Roth IRAs. Being employed can give you the advantage of pensions...
by KlingKlang
Tue Aug 30, 2016 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Scam? Help me understand...
Replies: 23
Views: 2611

Re: Life Insurance Scam? Help me understand...

I've seen variations on this theme before. First of all, is the time frame 3-4 generations or 3-4 lifetimes? There's a huge difference. Run the numbers on what you get if you invest $1 at 1% annual interest for a thousand years, I think that it's more money than there is in the world. Of course you ...
by KlingKlang
Tue Aug 30, 2016 12:23 pm
Forum: Investing - Theory, News & General
Topic: "Tactical-Allocation Funds: Even Worse Than Expected"
Replies: 6
Views: 899

Re: "Tactical-Allocation Funds: Even Worse Than Expected"

Ouch, bad memory. I used Vanguard Asset Allocation for both my and my wife's IRAs from 1995 to 2001. We barely broke even over that time.
by KlingKlang
Mon Aug 29, 2016 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: The Richest Man in Babylon
Replies: 29
Views: 6190

Re: The Richest Man in Babylon

I read it many years ago. It would probably be a great way to get a young person who likes historical fiction interested in personal finance. IIRC, the one subject that it skipped over completely was taxes.
by KlingKlang
Sun Aug 28, 2016 9:13 am
Forum: Personal Finance (Not Investing)
Topic: My 8 year old son taught me a good lesson tonight
Replies: 16
Views: 4549

Re: My 8 year old son taught me a good lesson tonight

Also, reminded me of a recent furniture listing I saw for mint condition chairs in an olive green silk - obviously it was expensive and custom decades ago - kept covered in plastic according to the listing. Sort of sad because the next owner will most likely reupholster it and the original owner di...
by KlingKlang
Sun Aug 28, 2016 8:22 am
Forum: Investing - Theory, News & General
Topic: Retirees Saying No To The Market
Replies: 57
Views: 8968

Re: Retirees Saying No To The Market

My widowed mother, mother-in-law, and several elderly aunts (all in their late 80's) all refuse to have anything to do with stocks or any other investments that can decline in value. None of them were ever employed after marriage but they are all doing just fine on their survivor SS benefits and CD ...
by KlingKlang
Sat Aug 27, 2016 9:09 am
Forum: Personal Consumer Issues
Topic: Surprised by Costco Citi VISA first statement
Replies: 28
Views: 4852

Re: Surprised by Costco Citi VISA first statement

I am actually having better results with Costco Citi VISA card than with Costco AmEx for restaurant charges. I gave up on using the AmEx at restaurants because many of them didn't accept it and it didn't give the restaurant bonus 90% of the time.
by KlingKlang
Wed Aug 24, 2016 9:18 am
Forum: Personal Consumer Issues
Topic: AC blower motor died. need replacement
Replies: 20
Views: 1839

Re: AC blower motor died. need replacement

The blower motor should run $130 - $260. Why do you need to replace the entire external unit?
by KlingKlang
Wed Aug 24, 2016 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Planning for Children
Replies: 32
Views: 3185

Re: Planning for Children

Our daughter (5-1/2 weeks preterm) started sleeping through the night at 14 days! We love her! That's amazing, but didn't you need to wake her for feeding a couple of times per night? :D :D :D My wife actually asked our pediatrician this exact question! She (the doctor) looked at her (my wife) like...
by KlingKlang
Tue Aug 23, 2016 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for Children
Replies: 32
Views: 3185

Re: Planning for Children

6) Expect to blow through cash for the first 6 months. Diapers, cribs, clothing, and therapy sessions are all expensive. 7) Sleep now, while you can! None of the following is earthshakingly important, but - Diapers - When my daughter was born I was working as a consultant at several P&G diaper plan...
by KlingKlang
Tue Aug 23, 2016 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Young man in a bind/car totalled/no insurance
Replies: 39
Views: 4744

Re: Young man in a bind/car totalled/no insurance

And from the friend who owns the bread company. Did he have insurance? Don't get your hopes up about this, especially since it sounds like he isn't a permanent employee. I totaled my new car travelling for Westinghouse and transporting company property that should have been shipped via commercial c...
by KlingKlang
Mon Aug 22, 2016 8:03 am
Forum: Personal Consumer Issues
Topic: Favorite Asian Vacation?
Replies: 37
Views: 4554

Re: Favorite Asian Vacation?

Singapore. English and Mandarin universally spoken. Possibly the best selection of food in the world. Look around for hotel bargains, it doesn't matter where you stay as their world class public transportation system will get you anywhere on the island within minutes.
by KlingKlang
Sun Aug 21, 2016 7:52 am
Forum: Investing - Help with Personal Investments
Topic: Seemingly Too Good To Be True Investment Opportunity: Invest or Don't?
Replies: 85
Views: 8428

Re: Seemingly Too Good To Be True Investment Opportunity: Invest or Don't?

I'm going to come straight out and say what others have been hinting at. A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game) is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather...
by KlingKlang
Mon Aug 15, 2016 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Old Age and Expensive Dental Work
Replies: 9
Views: 1306

Re: Old Age and Expensive Dental Work

You might consider getting a second opinion from another dentist. I have been to dentists who have widely varying diagnoses on how much dental work you need, mainly depending on the size of their mortgage payments :shock: . Are there any dentists that specialize in geriatric dentistry? On the other ...
by KlingKlang
Mon Aug 15, 2016 11:01 am
Forum: Investing - Theory, News & General
Topic: Knowing what you know now...
Replies: 22
Views: 3047

Re: Knowing what you know now...

Pretty much exactly the opposite. I've always been ultra-thrifty and saved over 80% of my after-tax income. I would do anything to go back to my twenties and take some of those thousands of hours that I spent reading library books to use for social and physical activities that I can no longer hope t...
by KlingKlang
Mon Aug 15, 2016 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Draw from taxable or 401k in early retirement?
Replies: 7
Views: 980

Re: Draw from taxable or 401k in early retirement?

If you live in the US and are retiring before Medicare eligibility. how are you planning on obtaining health insurance? If you plan on using ACA then there are significant advantages to keeping your income low enough to qualify for subsidies, which would mean drawing mostly from taxable.
by KlingKlang
Sat Aug 13, 2016 11:17 am
Forum: Personal Finance (Not Investing)
Topic: How many credit cards are too many?
Replies: 57
Views: 5331

Re: How many credit cards are too many?

^ I don't care about my credit score. I find a card that is giving 50,000 points for spending 2 or 3k in 3 months. That is easily my normal spending anyway. I've gotten a couple thousand dollars in gift cards recently just between 2 credit cards that I applied for in mine and my wife's name. Then I...
by KlingKlang
Thu Aug 11, 2016 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Travel for a Year with Family - Career Impact?
Replies: 35
Views: 4316

Re: Travel for a Year with Family - Career Impact?

the company doesn't really treat executives at my level super well (compensation is ok, but no benefits to make the executive life easier - business class travel as en example of something that is lacking I feel much less empowered than I did a year ago You are not a member of the entitled executiv...
by KlingKlang
Mon Aug 08, 2016 8:31 am
Forum: Personal Consumer Issues
Topic: Connections that save you money
Replies: 51
Views: 7563

Re: Connections that save you money

Nobody has challenged me on it and I'd be more than happy to let them accumulate their own if they'd wish - but I'm not volunteering. My company changed the travel policy from employees using their own cards to being required to get a corporate card that funneled off all the goodies. Nobody challen...
by KlingKlang
Tue Aug 02, 2016 1:15 pm
Forum: Personal Consumer Issues
Topic: Suckered into Marriott Kauai Timeshare Presentation
Replies: 101
Views: 14149

Re: Suckered into Marriott Kauai Timeshare Presentation

I've never done a Marriott TS presentation. Haven't done this in 25 years because I don't need the aggravation. Did quite a few with my parents in the 60's and 70's. Some went well, some came close to physical confrontation. The worst was Treasure Lake in Western PA. After riding around looking at u...
by KlingKlang
Mon Aug 01, 2016 12:33 pm
Forum: Personal Consumer Issues
Topic: Microsoft is still offering free Windows 10 upgrades
Replies: 42
Views: 2876

Re: Microsoft is still offering free Windows 10 upgrades

Thank you for the reminder! The #@^*^$ Microsoft 10 upgrade icon with the yellow exclamation point has disappeared from my systray!
by KlingKlang
Mon Aug 01, 2016 8:29 am
Forum: Personal Consumer Issues
Topic: Am I spending too much on vacation/leisure?
Replies: 16
Views: 2365

Re: Am I spending too much on vacation/leisure?

I save about $7,000 ~ 10,000/year. When I mentioned earlier that I save about 7k - 10k, that amount would be an estimation after vacation expenses and all. When you say that your savings are an estimate that leads me to believe that you are saving whatever is left over after your expenses. Check ou...
by KlingKlang
Fri Jul 29, 2016 9:11 am
Forum: Personal Consumer Issues
Topic: Costco rotisserie chicken
Replies: 102
Views: 15723

Re: Costco rotisserie chicken

The three of us use up about half of the chicken at the first meal. Debone the rest of the meat and use in a stir fry with onions and bell peppers.
by KlingKlang
Fri Jul 29, 2016 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Trying to help my retired parents
Replies: 16
Views: 1954

Re: Trying to help my retired parents

We could really use some additional numbers here. What are your parents ages, current income, and expenses? The crux of the matter is does their current income from SS and the pension cover their expenses? Are they hurting for money or is this a 'could do better' question? My mom cashed in her retir...
by KlingKlang
Wed Jul 27, 2016 9:07 am
Forum: Investing - Help with Personal Investments
Topic: New retiree seeking ideas for keeping portfolio proportions while minding taxes
Replies: 11
Views: 1818

Re: New retiree seeking ideas for keeping portfolio proportions while minding taxes

You may also want to manage your taxable income to receive an ACA subsidy on your health insurance in the years before you receive Medicare. If you keep your MAGI at about $23,000 you will be able to receive maximum ACA subsidies. With your amount of after tax investments and cash you are in the pe...
by KlingKlang
Sun Jul 24, 2016 1:22 pm
Forum: Investing - Theory, News & General
Topic: thoughts on GS Momentum Builder® Multi-Asset 5S ER Index-Linked CDs due 2024
Replies: 18
Views: 2666

Re: thoughts on GS Momentum Builder® Multi-Asset 5S ER Index-Linked CDs due 2024

KK -- I'm not entirely sure that merely not bearing interest is an issue. After all, the "payout" comes in a different form, upon maturity. Would you mind sharing your calculations regarding maximum return? Hypothetical Payment Amount of 177.50% of Face Value at 150% Hypothetical Final Index Level ...
by KlingKlang
Sun Jul 24, 2016 12:57 pm
Forum: Investing - Theory, News & General
Topic: thoughts on GS Momentum Builder® Multi-Asset 5S ER Index-Linked CDs due 2024
Replies: 18
Views: 2666

Re: thoughts on GS Momentum Builder® Multi-Asset 5S ER Index-Linked CDs due 2024

I think that the first line of the summary: The CDs will not bear interest. tells you all that you need to know.

My back of an envelope calculation shows that the maximum possible return is about 7.1% annually.
by KlingKlang
Tue Jul 19, 2016 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, at what age did you "retire"? Is it working out?
Replies: 63
Views: 11920

Re: Early retirees, at what age did you "retire"? Is it working out?

a $400,000 bill from the Cleveland Clinic (Thanks Obamacare!) This intrigues me, how does your portion end up being $400,000? Or did you ACA policy cover the $400,000 bill? It's insane. In 2015 my wife and I were paying $335.17/month for ACA insurance with a $2600 deductible/copay each. In 2016 we ...
by KlingKlang
Tue Jul 19, 2016 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, at what age did you "retire"? Is it working out?
Replies: 63
Views: 11920

Re: Early retirees, at what age did you "retire"? Is it working out?

a $400,000 bill from the Cleveland Clinic (Thanks Obamacare!) This intrigues me, how does your portion end up being $400,000? Or did you ACA policy cover the $400,000 bill? It's insane. In 2015 my wife and I were paying $335.17/month for ACA insurance with a $2600 deductible/copay each. In 2016 we ...
by KlingKlang
Tue Jul 19, 2016 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Early retirees, at what age did you "retire"? Is it working out?
Replies: 63
Views: 11920

Re: Early retirees, at what age did you "retire"? Is it working out?

On April 7, 2014 I finished what I thought was a productive day at work. During my drive home I received a call from my contracting company supervisor that my employment had been terminated. I called my work company supervisor to inquire if he was aware of this; when he indicated that he had known ...