Search found 887 matches

by smitcat
Tue Nov 28, 2017 10:47 am
Forum: Personal Consumer Issues
Topic: Honda CRV All Wheel Drive VS Front Wheel, Which One?
Replies: 88
Views: 6871

Re: Honda CRV All Wheel Drive VS Front Wheel, Which One?

Just an update I purchased a 2017 CRV, 2 wheel drive, Touring model, was $3k off MSRP. Car sat on the NJ dealer lot from May until I purchased it 2 weeks ago, had 5 miles on the vehicle. So far very happy with my choice. And The 2018 CRV won Motortrend SUV of the year. The 2017 and 2018 are the sam...
by smitcat
Tue Nov 28, 2017 10:45 am
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 142
Views: 9086

Re: Tesla truck unveil

Except - there is no real barrier of entry for other car manufacturers to compete with Tesla. Where is the supporting evidence for the above statement? How many years Tesla has been delivering their vehicles? There are very very few vehicle which compete today with Tesla vehicles. GM had a real sho...
by smitcat
Tue Nov 28, 2017 9:03 am
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 142
Views: 9086

Re: Tesla truck unveil

For us as a consumer wanting to buy good electric cars Tesla is great. Without Tesla you would not see the speed of development you do now with all other brands around electric cars. They also push self driving forward (even if Tesla does not deliver themselves yet). The Nissan LEAF came out 18 mos...
by smitcat
Tue Nov 28, 2017 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Retirement: how to forecast where you’re at?
Replies: 43
Views: 5063

Re: Retirement: how to forecast where you’re at?

Sorry - I don’t see where / how I-ORP estimates your future return. It only asks for age / account balances. Am I missing something? Have you tried either FIRECalc®: How long will your money last? Firecalc.com Optimal Retirement Planner I-ORP.com "Am I missing something?" The full IORP calculator p...
by smitcat
Mon Nov 27, 2017 2:23 pm
Forum: Personal Consumer Issues
Topic: best cordless drill??
Replies: 71
Views: 4571

Re: best cordless drill??

I think for typical homeowner use, its tough to beat the Ryobi package offers at Home Depot this weekend. I agree. The price is really an incredible deal. They'd never suffice for the use we see at work (more severe than normal contracting use - we keep bins in our tool crib to dump worn out Dewalt...
by smitcat
Mon Nov 27, 2017 2:18 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 142
Views: 9086

Re: Tesla truck unveil

Compare Tesla to some other high tech companies with high early-ish valuations. The latter may have lost money, or perhaps broken even early, but had high valuations that have, with time, apparently been shown to be realistic. Think Amazon, Google (Alphabet), Facebook, etc. The latter group are fun...
by smitcat
Mon Nov 27, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Etiquette of converting to exempt status
Replies: 30
Views: 3299

Re: Etiquette of converting to exempt status

Based only upon the limited numbers that are posted and the given title of supervisor you are well above the limit for hourly wages. Not knowing the details or the state you are in I would still guess there is nothing illegal here - but its worth it to check. So the question simply boils down to ......
by smitcat
Mon Nov 27, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 26758

Re: Why not take Social Security at 62

One thought I've had with this, is the wife and I are high earners with relatively low expenses. My thought is SS at 62 for one of us(me) and delay hers until 67. However, my thought is we could probably live on SS and 2-3% of our portfolio in perpetuity and leave our two kids a big inheritance. Th...
by smitcat
Mon Nov 27, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 26758

Re: Why not take Social Security at 62

One thought I've had with this, is the wife and I are high earners with relatively low expenses. My thought is SS at 62 for one of us(me) and delay hers until 67. However, my thought is we could probably live on SS and 2-3% of our portfolio in perpetuity and leave our two kids a big inheritance. Th...
by smitcat
Mon Nov 27, 2017 11:52 am
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 142
Views: 9086

Re: Tesla truck unveil

Teslas gross margin has dropped in the last year from 25% to 18%. This an astronomical drop in margin and should cause concern. I would expect a high runner like the 3 to have an even lower margin. FWIW - Tesla is a great car but the company is losing $8,000 per minute of the day. The cars and batt...
by smitcat
Sun Nov 26, 2017 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Time to Surrender ?
Replies: 64
Views: 3663

Re: Variable Annuity - Time to Surrender ?

smitcat, I'd like to thankyou for your questions. The discussion is helping me focus on the choices. :beer Actually - I thank you and the rest of this board for getting me to think. The most obvious lesson I have learned is that the answer for one person is not the answer for another. Since we all ...
by smitcat
Sun Nov 26, 2017 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Time to Surrender ?
Replies: 64
Views: 3663

Re: Variable Annuity - Time to Surrender ?

If you have been modeling, you may have discovered, that the more one is able to receive in Percentage % Income from SS, pensions, annuities, the more risks and possible greater rewards from Indexes and other Variable investments thus a larger and safer retirement Income. OP has discovered this, to...
by smitcat
Sun Nov 26, 2017 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Time to Surrender ?
Replies: 64
Views: 3663

Re: Variable Annuity - Time to Surrender ?

"The Sequence of Returns and Events have turned to our favor, and now I am thinking of terminating the GLWB (some stepup guarantees expire in 2018) Retirement Plan to move the funds into taxable "Investing, non-retirement" ." So as the step ups expire and the GLWB begins the challenge is that inflat...
by smitcat
Sun Nov 26, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 26758

Re: Why not take Social Security at 62

Real life example here: I'm 65 and my wife is 61. Our scheduled monthly SS benefits at 62, Full Retirement Age, and 70 for me and my wife are: $2,380, $2,684, $3,606 (mine); and $750, $1,018, $1,316 (my wife's) Next year, my wife will file for her benefit when she turns 62 and receive $750. I will ...
by smitcat
Sat Nov 25, 2017 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Time to Surrender ?
Replies: 64
Views: 3663

Re: Variable Annuity - Time to Surrender ?

"I gave up nothing. Remember, I bought this for the #1/ FUTURE insurance with #2/ Income secondary and #3/ Investment purposes." If these are the goal(s) in that order why not delay SS to a later date to achieve #1 for both the delayer as well as for the surviving spouse? In context of 2008, The Gr...
by smitcat
Sat Nov 25, 2017 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Time to Surrender ?
Replies: 64
Views: 3663

Re: Variable Annuity - Time to Surrender ?

^ sorta worked. I was expecting a major correction in the Markets, making the Put in the GLWB valuable. Instead the Market has been stupendous and I only got 50-66% of this the run up because of the Put fee and guarantee fees. :annoyed still got another 12 months :twisted: Ymmv. Off to Freddy for a...
by smitcat
Sat Nov 25, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Time to Surrender ?
Replies: 64
Views: 3663

Re: Variable Annuity - Time to Surrender ?

bsteiner wrote:
Fri Nov 24, 2017 4:42 pm
nedsaid wrote:
Fri Nov 24, 2017 1:14 pm
.. The 3-4% annual fee drag is a lot to overcome.
...
That's a large portion of your expected return to pay for the privilege of turning your qualified dividends and capital gains into ordinary income.
Yes - that part about the taxes makes the product a problem as well as the drag.
by smitcat
Fri Nov 24, 2017 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 100
Views: 9463

Re: Regrets for taking SS at 62 or waiting?

We will likely be delaying SS until I am 70 or at least near that. After looking at more than a few possible future outcomes we will pursue that plan for the following reasons.... - best for surviving spouse - cheapest long term cola'd insurance - best 'spendable' amount of dollars available except ...
by smitcat
Fri Nov 24, 2017 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Time to Surrender ?
Replies: 64
Views: 3663

Re: Variable Annuity - Time to Surrender ?

"tax rate 25% =15% federal + 9% state because of medical expenses." Understood - I thought that most people referred just to the Fed rate when they posted and are working against the tax issues. Thar Fed rate is what many of the posts I have been reading here utilize for the tracking, planning and p...
by smitcat
Thu Nov 23, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 26758

Re: Why not take Social Security at 62

I ran the numbers through FireCalc at various ages I take SS, it really did not affect the outcome. I had the same results - small differences only. I also did the same thing in Fidelity RIP and again, only small differences. I'm in my mid 50's and assumed living till 95.... I got similar results w...
by smitcat
Wed Nov 22, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Time to Surrender ?
Replies: 64
Views: 3663

Re: Variable Annuity - Time to Surrender ?

More: I looked around, in 2008 and I saw my best friends and neighbors with PERs tier 1, Federal pensions, Union pensions, and were doing OK with newer cars and were planning to defer SS to FRA if already retired, or defer to 70 (my brother and sisters). I saw that their Income was more predictable...
by smitcat
Wed Nov 22, 2017 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Time to Surrender ?
Replies: 64
Views: 3663

Re: Variable Annuity - Time to Surrender ?

Sig line.... "Rev90517; 4 Incm stream buckets: SS+pension; dfr'd GLWB VA & FI anntys, by time & $$ laddered; Discretionary; Rentals. LTCi. Own, not asset. Tax 25%. Early SS. FundRatio (FR) >1.1 67/70yo" It does not make a lot of sense that you would be bound by a 25% tax rate given the types of inco...
by smitcat
Wed Nov 22, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 26758

Re: Why not take Social Security at 62

If I have zero real need for SS in retirement and it's a "bonus" that will just be tossed in the market, then I'll wait until 70 to minimize longevity risk. An 8% annual increase seems massive in this low rate environment, and a larger annuity will provide a lot of safety in old age. If I've been l...
by smitcat
Wed Nov 22, 2017 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Time to Surrender ?
Replies: 64
Views: 3663

Re: Variable Annuity - Time to Surrender ?

... IMO, it should be illegal to sell someone a high-cost tax-deferred annuity inside an already tax-deferred product. Is it worse in an IRA than in a taxable account? In a taxable account, you get the benefit of tax deferral at the cost of converting your qualified dividends and capital gains to o...
by smitcat
Wed Nov 22, 2017 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Time to Surrender ?
Replies: 64
Views: 3663

Re: Variable Annuity - Time to Surrender ?

"Approximate Illustration of what we have, normalized to 100, Nov 2008. Minimum Income Acct value by 2018 is 5% annual increases, compounding= $162,000. Withdrawal rate at end of 10th year =$8144. This is equivalent to a 4% SWR on a hypothetical "Actual" BH account of ~$215,460," I think what you ar...
by smitcat
Tue Nov 21, 2017 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Time to Surrender ?
Replies: 64
Views: 3663

Re: Variable Annuity - Time to Surrender ?

3/ What Market drop affects? Our GLWB income is protected on any drop. The Accumulation Acct can be -99% in the first year, and my future 10 year GWLB income would still be $8144/a. I protected by downside risk but I limited some of my upside by the 3.5% fee. I bought a PER tier 1, pension plan Got...
by smitcat
Tue Nov 21, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 26758

Re: Why not take Social Security at 62

People with modest retirement savings should probably take SS whenever they stop full-time work, whether 62 or some years later. This helps maintain their lifestyle. People with "large" tax-sheltered accumulations should delay SS to age 70 to give them time to spend down some of the tax-deferred ac...
by smitcat
Tue Nov 21, 2017 9:42 am
Forum: Investing - Theory, News & General
Topic: How long does it take a losing company to shutdown?
Replies: 16
Views: 1242

Re: How long does it take a loosing company to shutdown?

My company has been loosing money for about a year now, I am worried and was thinking they won't be loosing money forever. How long usually companies stay in the market till the give up? Do they have negative cash flow? I don't have an access to the cash flow statement, however I can ask about that...
by smitcat
Tue Nov 21, 2017 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14385

Re: Dave Ramsey says don't use credit cards, even if you pay them off

Jags4186 wrote:
Mon Nov 20, 2017 9:07 pm
LEB1230 wrote:
Mon Nov 20, 2017 8:59 pm
Jags4186 wrote:
Mon Nov 20, 2017 4:29 pm
I certainly save more than Dave Ramsey recommends
What does he recommend?
15%
What is his 15% recommendation taken off of?
by smitcat
Tue Nov 21, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 26758

Re: Why not take Social Security at 62

You can play with the Bedrock capital SS calculator but be careful with where you set the variable inputs for inflation and discount as well as ages.... http://www.bedrockcapital.com/ssanalyze/ We will likely be delaying SS as long as possible (70/64) for a number of reasons: - Roth conversions - be...
by smitcat
Tue Nov 21, 2017 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Time to Surrender ?
Replies: 64
Views: 3663

Re: Variable Annuity - Time to Surrender ?

Trying to determine: #1 Should she remain in the Variable Annuity w/ Guaranteed Minimum Balance Benefit with total fee's of about ~2.6% this would allow for her to invest more aggressively - with possibility of step ups and a guaranteed minimum benefit ? ( note the accumulated value is now more tha...
by smitcat
Tue Nov 21, 2017 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Time to Surrender ?
Replies: 64
Views: 3663

Re: Variable Annuity - Time to Surrender ?

What baseline returns for each and math did you utilize to confirm that your relative income will be higher if there is a correction? What amount of relative correction would be required for this to come out ahead? It's complicated for me to explain. I suggest that you refer to Vanguard GLWB explan...
by smitcat
Mon Nov 20, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Time to Surrender ?
Replies: 64
Views: 3663

Re: Variable Annuity - Time to Surrender ?

Smitcat, Taxes are not material in OPs mom's case because the original funds are from taxed deferred IRA. She would be obligated to pay any tax, which may be $0. If Mom should outlive the Accumulation Acct value, she would still be obligated to pay taxes due on the annuity company's money which wou...
by smitcat
Mon Nov 20, 2017 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity - Time to Surrender ?
Replies: 64
Views: 3663

Re: Variable Annuity - Time to Surrender ?

I too dumped 50% of IRA s into these annuities 2008-2012. :oops: I am glad I did dumped that much into this type of annuity when we did and would have done more if our FA and Regulatory practices allowed it. :moneybag :dollar At this time and in the near 0-2 years, if either the Equity or Debt Mark...
by smitcat
Mon Nov 20, 2017 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14385

Re: Dave Ramsey says don't use credit cards, even if you pay them off

willthrill81 wrote:
Mon Nov 20, 2017 5:24 pm
smitcat wrote:
Mon Nov 20, 2017 5:12 pm
A person can have no debt and have negative net worth or they can have 20,000 debt and be worth $10 million dollars.
Please elaborate on specifically how a person can have a negative net worth with no debt.
Sorry - no net worth , living paycheck to paycheck.
by smitcat
Mon Nov 20, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14385

Re: Dave Ramsey says don't use credit cards, even if you pay them off

On principle, he preaches for one to eliminate and then avoid ALL debt. Credit cards (even paid in full monthly) is still technically debt. I do not think debt is necessarily an important metric to keep track of compared to net worth - things like spending budgets, savings rate, and your planning n...
by smitcat
Mon Nov 20, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14385

Re: Dave Ramsey says don't use credit cards, even if you pay them off

"Citation please? I'm not trying to be a jerk. I did some Googling and I could find a large number of studies showing that people buy more with plastic, but I didn't see any that seemed to break it down by "financial literacy". To be honest, from what I know about psychology and behavioral economic...
by smitcat
Mon Nov 20, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14385

Re: Dave Ramsey says don't use credit cards, even if you pay them off

"Citation please? I'm not trying to be a jerk. I did some Googling and I could find a large number of studies showing that people buy more with plastic, but I didn't see any that seemed to break it down by "financial literacy". To be honest, from what I know about psychology and behavioral economics...
by smitcat
Mon Nov 20, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Retire couple Roth Conversion Help
Replies: 47
Views: 4072

Re: Retire couple Roth Conversion Help

When completely filled out the RPM allows you to directly compare the base case with a Roth conversion model. You can then tweak the Roth conversions and 'watch' the resultant changes as the comparison remains clear and obvious on the output charts. If you are like us the largest problem you will h...
by smitcat
Mon Nov 20, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Retire couple Roth Conversion Help
Replies: 47
Views: 4072

Re: Retire couple Roth Conversion Help

If you run your scenarios through I-ORP or the Retiree Portfolio Model you should get an idea as to the payoff on your conversion approach. A note on #4. Medicare part B premium is based on Modified Adjusted Gross income. Over $170,000 two years prior and the part B premium goes up. At the top of t...
by smitcat
Mon Nov 20, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14385

Re: Dave Ramsey says don't use credit cards, even if you pay them off

90% of Americans are going to be worse off with credit cards than not. His advice is catered to those 90%, which is fine. It's not a good look to crash on someone that is doing good work for an overwhelming majority of Americans AS COMPARED to their alternative, which is not the BH lifestyle, which...
by smitcat
Mon Nov 20, 2017 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 15767

Re: Why pay cash for a car?

I hate to owe and pay interest that has no tax benefit. When I bought my car this past January I financed the car as I got a better deal. There was no pre-payment penalty as long as I made 2 payments. So On the third payment the car got paid off with cash on hand. I am one of the ones that like to ...
by smitcat
Mon Nov 20, 2017 9:17 am
Forum: Personal Consumer Issues
Topic: Honeymoon Suggestions
Replies: 26
Views: 1900

Re: Honeymoon Suggestions

Hello, We are looking for some suggestions regarding honeymoon destinations. My fiancé and I will get married in June 2018. We will be departing for the honeymoon after our wedding (end of June 2018) for a 7 day trip. Besides Canada, neither of us have traveled outside of the USA. We are looking fo...
by smitcat
Mon Nov 20, 2017 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 15767

Re: Why pay cash for a car?

Sometimes I wonder if this aversion to car loans isn't rooted in biases based on historical rates. There were times when car loan rates where significantly higher than mortgages and in some cases 2 -3 times higher. In this situation, if you had the available funds, It was clearly advantageous to pa...
by smitcat
Sun Nov 19, 2017 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14385

Re: Dave Ramsey says don't use credit cards, even if you pay them off

We use credit cards for just about everything we purchase lately as the cards we have almost all have good 1.5-4 points dependent upon the card and the purchase. Between the points and the bonus offers this represents a pretty good benefit that can pay for 1 to 1-1/2 one week vacations for my wife a...
by smitcat
Sat Nov 18, 2017 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 2030

Re: Variable Annuity Help - Parent's finances

I am interested in this post as well as the excellent summaries as we have an annuity that we are struggling with that is similar in some ways. If I take this summary one step further would this be correct? - you give them $100K at age 54 - 11 years later you are 65 - at 65 you can annuitize and th...
by smitcat
Sat Nov 18, 2017 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 2030

Re: Variable Annuity Help - Parent's finances

I think this is the right prospectus. http://vpx.newriver.com/GetContract1.asp?clientid=nwvpx&fundid=63890A173 The minimum benefit base after ten years is about $170k; 100k + 10 * 7k. It would only go higher when the Contract Value goes above $170k on a contract anniversary. That is not likely to h...
by smitcat
Sat Nov 18, 2017 7:33 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity Help - Parent's finances
Replies: 46
Views: 2030

Re: Variable Annuity Help - Parent's finances

I think this is the right prospectus. http://vpx.newriver.com/GetContract1.asp?clientid=nwvpx&fundid=63890A173 The minimum benefit base after ten years is about $170k; 100k + 10 * 7k. It would only go higher when the Contract Value goes above $170k on a contract anniversary. That is not likely to h...
by smitcat
Sat Nov 18, 2017 7:18 am
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 195
Views: 15632

Re: The 4% rule DOES fail but still makes sense!

If retirees truly feared running out of money more than death, then why aren't more buying guaranteed income through vehicles such as SPIAs? They might not guarantee a certain standard of living, but they do guarantee that you'll never run out of money. Why should I believe in the guarantee given b...
by smitcat
Fri Nov 17, 2017 5:10 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 195
Views: 15632

Re: The 4% rule DOES fail but still makes sense!

If retirees truly feared running out of money more than death, then why aren't more buying guaranteed income through vehicles such as SPIAs? They might not guarantee a certain standard of living, but they do guarantee that you'll never run out of money. Why should I believe in the guarantee given b...