Search found 3212 matches

by GerryL
Sun Aug 01, 2021 6:16 pm
Forum: Investing - Theory, News & General
Topic: Social security estimation accuracy
Replies: 15
Views: 1238

Re: Social security estimation accuracy

I have been using Maxifi software for our financial planning. I noticed that their estimation for our social security benefits at age 70 was higher then what the actually Social Security site was saying we would get. Their basic estimation is that SS underestimates your future benefits value. My DW...
by GerryL
Sat Jul 31, 2021 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Your Total Income Tax Deductions When Retired and Playing the 12% Tax Rate Game!
Replies: 35
Views: 2767

Re: Your Total Income Tax Deductions When Retired and Playing the 12% Tax Rate Game!

We do the bunching deductions thing into every-other year: Standard deduction one year, itemized the next. We get the $10K SALT and then charitable deductions. No mortgage interest. I also bunch -- in even-numbered years. I don't have to worry about SALT, so I time my property tax payments. In late...
by GerryL
Sat Jul 31, 2021 2:13 am
Forum: Personal Consumer Issues
Topic: Restricting access to a private community pool?
Replies: 55
Views: 5392

Re: Restricting access to a private community pool?

Has the HOA posted a prominent sign that declares they will not be legally responsible for any unauthorized users (trespassers) who are injured in the pool area? Not that the sign would stop anyone, but at least it is a warning about some of the legal consequences of using the pool. Don't count on ...
by GerryL
Fri Jul 30, 2021 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you get new glasses?
Replies: 45
Views: 2658

Re: How often do you get new glasses?

Been wearing glasses since I was 9 y.o. Now 72 and have had progressive lenses for >10 years. I get an exam every year but only get new lenses if there is a significant change in prescription as advised by optometrist, who said as you get older prescription doesn't change as quickly as when you are ...
by GerryL
Fri Jul 30, 2021 7:58 pm
Forum: Personal Consumer Issues
Topic: Restricting access to a private community pool?
Replies: 55
Views: 5392

Re: Restricting access to a private community pool?

Has the HOA posted a prominent sign that declares they will not be legally responsible for any unauthorized users (trespassers) who are injured in the pool area? Not that the sign would stop anyone, but at least it is a warning about some of the legal consequences of using the pool.
by GerryL
Fri Jul 16, 2021 1:53 am
Forum: Personal Investments
Topic: Value of simplicity at withdrawal phase
Replies: 6
Views: 1482

Re: Value of simplicity at withdrawal phase

I agree that simplicity in the withdrawal phase is a positive. My taxable fund is all in VG Balanced Index Fund because that was where I started stashing my non-retirement savings many years ago -- long before I ever heard the idea that it is best to keep bonds in a tax-deferred account. But the acc...
by GerryL
Thu Jul 15, 2021 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Working after Financial Independence
Replies: 273
Views: 20627

Re: Working after Financial Independence

congrats Klangfool on getting rehired. Nice to know you have the flexibility to retire early (RE) because you're financially independent (FI) . Wait, is that REFI ? Thanks. KlangFool I think the appropriate acronym/initialism is FIWO -- Financially Independent, Work Optional. [Came up with that one...
by GerryL
Thu Jul 15, 2021 9:39 pm
Forum: Personal Investments
Topic: When to use a taxable brokerage account
Replies: 29
Views: 3072

Re: When to use a taxable brokerage account

What are the general rule of thumbs for when it would make sense to use a brokerage investment account? When you want to invest more than you have room for in your retirement accounts. That is, long-term investing. But people who have 401ks with poor investment choices, may choose to invest only en...
by GerryL
Thu Jul 15, 2021 8:45 pm
Forum: Personal Consumer Issues
Topic: Should We Return to Cruising?
Replies: 58
Views: 5022

Re: Should We Return to Cruising?

I've been following the restart of the cruise industry around the world. There have been positive tests on a number of ships, but most of the lines have prepared for such contingencies and deal with it using a scalpel approach (infected party/group confined) rather than a machete (whole ship goes in...
by GerryL
Thu Jul 15, 2021 8:25 pm
Forum: Personal Investments
Topic: When to use a taxable brokerage account
Replies: 29
Views: 3072

Re: When to use a taxable brokerage account

What are the general rule of thumbs for when it would make sense to use a brokerage investment account? When you want to invest more than you have room for in your retirement accounts. That is, long-term investing. But people who have 401ks with poor investment choices, may choose to invest only en...
by GerryL
Wed Jul 14, 2021 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: 401k rollover to Vanguard
Replies: 7
Views: 653

Re: 401k rollover to Vanguard

Fidelity also does not do a direct transfer from a 401k to an IRA at a different brokerage. They insisted on sending me a check which I then had to send along to Vanguard. Vanguard sent me a pre-paid FedEx envelope to expedite the 2nd half of the transaction. I had to do this 3 times: bulk of 401k f...
by GerryL
Wed Jul 14, 2021 10:39 pm
Forum: Investing - Theory, News & General
Topic: Why will VG not withhold state tax on RMDs from certain states?
Replies: 13
Views: 1391

Re: Why will VG not withhold state tax on RMDs from certain states?

This is just off the top of my head (memory), but I thought that for those states that Vanguard will accommodate withholding, you also have to be withholding for federal taxes. In other words, if I want to have Oregon state taxes withheld from my RMD, I also have to request federal taxes be withheld...
by GerryL
Sun Jul 11, 2021 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: When did (do) you increase your spending?
Replies: 78
Views: 7893

Re: When did (do) you increase your spending?

Sorry to say that both CFPs who evaluated my portfolio were with Vanguard. I got the evaluation done as a perk for being a Flagship client. I hear that perk is no longer offered. In fact, Flagship status is nothing but a meaningless label, apparently. You can probably find a fee only financial plan...
by GerryL
Sun Jul 11, 2021 7:44 pm
Forum: Personal Consumer Issues
Topic: Fun: long trips and/or round the world travel
Replies: 26
Views: 3238

Re: Fun: long trips and/or round the world travel

When I was employed, I got a 2-month sabbatical after 7 years of work. Vacation time could be added to that. On my first two sabbaticals I did round-the-country solo drives. Both started after Labor Day. Both were west-to-east on a northerly route and return on a southerly route, with the final leg ...
by GerryL
Sat Jul 10, 2021 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: When did (do) you increase your spending?
Replies: 78
Views: 7893

Re: When did (do) you increase your spending?

Anyone use a bucket strategy? I haven't got to the second half of 'die with zero', which supposedly explains 'how' to do this. But, I've been thinking of this kinda strategy to ensure we have a 'spending plan'. Assume $4M portfolio & 100k expenses, starting at age 50. 1. Go-go retirement phase:...
by GerryL
Sat Jul 10, 2021 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: When did (do) you increase your spending?
Replies: 78
Views: 7893

Re: When did (do) you increase your spending?

Shortly before retirement (at 66), I had a CFP evaluate my plan using a somewhat conservative annual spend. (The plan included large irregular spends, like painting home and new car). The results indicated that in the worst case scenario, I would probably die with more $$ than I started with at ret...
by GerryL
Fri Jul 09, 2021 2:44 pm
Forum: Personal Investments
Topic: Asset Mix Question: Bogle Vs. Merriman
Replies: 31
Views: 2466

Re: Asset Mix Question: Bogle Vs. Merriman

Welcome to Bogleheads! The easiest way to hold 60/40 at Vanguard is with Life-strategy Moderate Growth Fund. https://investor.vanguard.com/mutual-funds/lifestrategy/#/ I wouldn’t want to manage the Paul Merriman portfolio in retirement. Cheers I fully agree with this. OP, What is your goal? To have...
by GerryL
Fri Jul 09, 2021 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: When did (do) you increase your spending?
Replies: 78
Views: 7893

Re: When did (do) you increase your spending?

When doing retirement preparations, many here tend to have a few safety nets, such as having a portfolio 50% above the 4% rule, not counting the social security, using 3% or 2% safe withdrawal rate, discounting pensions, ignoring potential inheritance, etc. So when did (do) you feel that you can sp...
by GerryL
Tue Jul 06, 2021 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Where to keep money for emergency fund and living expenses?
Replies: 11
Views: 1054

Re: Where to keep money for emergency fund and living expenses?

I have a checking and a savings account at a local credit union. SS benefits and mini-pension are on auto-deposit into checking. My bills that aren't charged to a CC are on auto-pay from the checking account. If checking gets too bloated, I move some into the savings account, which pays just a smidg...
by GerryL
Tue Jul 06, 2021 6:56 pm
Forum: Investing - Theory, News & General
Topic: Retirees: How you doin’?
Replies: 77
Views: 10313

Re: Retirees: How you doin’?

Coincidentally, tomorrow is the 7th anniversary of the day I formally retired -- after taking my 2-month sabbatical and returning for cake and ice cream and to turn in my badge and laptop. It was a year earlier than I'd planned -- just shy of 66 -- but I managed to get by on a cash cushion, includin...
by GerryL
Tue Jul 06, 2021 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Do you share your retirement plans with others?
Replies: 65
Views: 6414

Re: Do you share your retirement plans with others?

I never even thought seriously about retirement until I was in my 60s, and then the plan was to retire shortly before I turned 67. I became very open about my plans about 3 years out, even telling my boss. It was no secret that I was aiming to depart in May 2015. But no big surprise that someone eli...
by GerryL
Mon Jul 05, 2021 8:05 pm
Forum: Personal Investments
Topic: Simple IRA with 5% front-end load
Replies: 13
Views: 1203

Re: Simple IRA with 5% front-end load

My nephew asked me to educate some of his work friends about investing in their small company's SIMPLE IRA. Since I had no experience with that type of account, I had to do a bit of research, and I also asked him to send me any documentation the employees had gotten about the plan. The investment op...
by GerryL
Mon Jul 05, 2021 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: How did you arrive at your probable age of death?
Replies: 220
Views: 14529

Re: How did you arrive at your probable age of death?

Oldest lived grandparent died around age 76,
Parents both died around 86.
I decided on 96, but my plan was evaluated on 100.

I wouldn't call that "probable." It's more of a conservative planning target.
by GerryL
Mon Jul 05, 2021 4:54 pm
Forum: Investing - Theory, News & General
Topic: When did you give up trying to beat the market?
Replies: 53
Views: 5186

Re: When did you give up trying to beat the market?

dodecahedron wrote: Mon Jul 05, 2021 3:57 pm Never started!
Market? What market? No, never thought about trying to beat the market.
by GerryL
Sun Jul 04, 2021 6:11 pm
Forum: Investing - Theory, News & General
Topic: Does anyone regret saving too much in tax-deferred?
Replies: 88
Views: 9525

Re: Does anyone regret saving too much in tax-deferred?

Exploring people’s feelings in their unique individual situations won’t help you accomplish that. While I agree everyone's situation is different, this is simply an open-ended question to see how people feel about a heavy usage of their tax-deferred space. I don't think there's anything wrong with ...
by GerryL
Sat Jul 03, 2021 5:29 pm
Forum: Personal Consumer Issues
Topic: How do you make healthy dietary choices?
Replies: 66
Views: 3896

Re: How do you make healthy dietary choices?

I was going through the grocery store today and it hit me, 70% of the stuff in the store is inconsistent with a healthy diet. For example, prepared foods that have too much salt, red meat, canned meat, high glycemic foods, foods high in saturated fats, and highly processed foods. No wonder 36.5% of...
by GerryL
Wed Jun 30, 2021 9:32 pm
Forum: Personal Consumer Issues
Topic: Do you use a Kindle? Are they worth trying?
Replies: 133
Views: 8348

Re: Do you use a Kindle? Are they worth trying?

Kindles are on sale. They have evolved over time, lighter, more storage, more pixels, and wondering if there are any happy long-term users. I have an old NOOK color that seemed heavy and I could never get used to using it. If you want to "try out" a Kindle, check with your local library. ...
by GerryL
Wed Jun 30, 2021 12:29 am
Forum: Personal Consumer Issues
Topic: Do you use a Kindle? Are they worth trying?
Replies: 133
Views: 8348

Re: Do you use a Kindle? Are they worth trying?

I just got one because my work gave me a $50 Amazon gift card. I've only used it a little because it's a complete let-down. I thought there would be a huge library of free books, and yet I can barely find any. I only wanted it to read, so I wouldn't have to buy books that I would read only once or ...
by GerryL
Tue Jun 29, 2021 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: How/why do you budget when you can afford to pay more?
Replies: 80
Views: 6550

Re: How/why do you budget when you can afford to pay more?

I have an annual spend target rather than a budget. An analysis of my plan indicates that if I stay within that spend target I have a >99% chance of getting to age 100* with a few hundred thousand dollars left -- worst case scenario. Turns out that the target is more than I spend in a year, even wit...
by GerryL
Mon Jun 28, 2021 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Giving away stock
Replies: 9
Views: 833

Re: Giving away stock

I just gifted some company stock shares to my nephew for his 30th birthday. I was able to do this because I knew he had a brokerage account (Schwab) and was able to get the account number. Don't know how it could be done without an existing brokerage account, but if you needed to set one up, you'd p...
by GerryL
Sun Jun 27, 2021 2:08 pm
Forum: Investing - Theory, News & General
Topic: You ever have an investment actually go to zero?
Replies: 126
Views: 8876

Re: You ever have an investment actually go to zero?

I inherited some shares of Visteon. A few years later (during Recession) they declared bankruptcy. When they came out of reorg, shares of the old company were converted the new org at something like 120 shares to 1 share. Anyone with too few old shares to get a full share got zip. Well, expect for a...
by GerryL
Sun Jun 27, 2021 1:51 pm
Forum: Personal Consumer Issues
Topic: Global Entry Interview conditional approval (365 day clock)...
Replies: 54
Views: 5924

Re: Global Entry Interview conditional approval (365 day clock)...

When I return from France in late October, I have a 3-hour layover in Seattle and have printed out a reminder in my itinerary to remind me to do the interview. Beats having to try to set up an appointment and travel to the airport.
by GerryL
Sat Jun 26, 2021 3:16 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman free ebook "We're Talking Millions"
Replies: 27
Views: 8321

Re: Paul Merriman free ebook "We're Talking Millions"

There's plenty of things to complain about w.r.t. the public education system, but the absence of personal finance curriculum is not one of them. A personal finance course is mandatory at the public school at which I teach and many others. This has got to be regional. I haven't heard of personal fi...
by GerryL
Mon Jun 21, 2021 7:43 pm
Forum: Personal Consumer Issues
Topic: Master bath remodel - tub or no tub?
Replies: 44
Views: 3690

Re: Master bath remodel - tub or no tub?

My little house had a tub-shower combo upstairs in the not very masterful master bathroom and a shower stall in the downstairs bathroom. I only shower, and my house is not really suitable for families with small children, so when I remodeled the upstairs bathroom, I changed to a walk-in shower. In o...
by GerryL
Mon Jun 21, 2021 3:45 pm
Forum: Personal Consumer Issues
Topic: Do you use a Kindle? Are they worth trying?
Replies: 133
Views: 8348

Re: Do you use a Kindle? Are they worth trying?

I started out in the Nook universe, but loading books from the library became an obstacle because of a problem with the software that you need to use on your PC -- the only way to load. A couple of years ago I switched to a Kindle Paperwhite. Many of the advantages have already been noted, I'll add ...
by GerryL
Sat Jun 19, 2021 7:52 pm
Forum: Personal Consumer Issues
Topic: (Updated - hidden expenses) Budgets and treatment of cash back
Replies: 27
Views: 2491

Re: Budgets and treatment of cash back

My budgeting is not so detailed that I track rebates and other "gifts" -- or a five-dollar bill I might find on the street. If you're doing so much spending that you are logging a lot of cash back bonuses, maybe worth it. But I'm more of a clumper than a splitter. Miscellaneous-non-cash is...
by GerryL
Sat Jun 19, 2021 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: So now you're dead -- how does your executor find all your accounts & bills?
Replies: 126
Views: 18866

Re: So now you're dead -- how does your executor find all your accounts & bills?

Can anyone recommend an estate planning organizer that can be purchased and contains everything that an executor or trustee would need to know after my death or incapacity? I've been using the Nolo book Get It Together . It includes forms and plenty of discussion about what info to include and how ...
by GerryL
Thu Jun 17, 2021 8:03 pm
Forum: Personal Consumer Issues
Topic: What are your travel plans in 2021 and beyond?
Replies: 257
Views: 18530

Re: Vacations Plans?

Driving out 3-4 hour radius. Horrendous prices at hotels though. I feel hotel prices have become 2X or 4X from pre-covid times. Air fares, too. My usual nonstop to SoCal (John Wayne) is double what I am used to paying a week before Thanksgiving. Chose 1-stop flights that are not quite as bad. But I...
by GerryL
Thu Jun 17, 2021 7:33 pm
Forum: Personal Consumer Issues
Topic: What are your travel plans in 2021 and beyond?
Replies: 257
Views: 18530

Re: Vacations Plans?

I am scheduled for my first post-lockdown international trip in October. Paris/Normandy. Not when I would have chosen.... Honestly you may like it, I actually prefer going to Europe outside of summer due to far less crowds and I prefer the cooler temperatures. I've been in Paris in late October(s)....
by GerryL
Thu Jun 17, 2021 7:30 pm
Forum: Investing - Theory, News & General
Topic: Roth Conversions - McQuarrie study
Replies: 434
Views: 40519

Re: Roth Conversions - McQuarrie study

A question I don't often see addressed in discussions of Roth conversions: What do you plan to happen with any money that is in your estate when you die? Leave it to spouse and/other heirs? Leave it to charity? A combination of heirs and charity? If your money will go to charity, Roth conversions do...
by GerryL
Thu Jun 17, 2021 7:12 pm
Forum: Personal Consumer Issues
Topic: What are your travel plans in 2021 and beyond?
Replies: 257
Views: 18530

Re: Vacations Plans?

I am scheduled for my first post-lockdown international trip in October. Paris/Normandy. Not when I would have chosen, but the company that has my money said "You will never see your money again. Take this 'rescheduled' trip. Or give us more money for a different trip that you would never sign ...
by GerryL
Wed Jun 16, 2021 7:22 pm
Forum: Personal Investments
Topic: RMDs and Taxable accounts
Replies: 7
Views: 1072

Re: RMDs and Taxable accounts

I'd be surprised at the fast and excellent advice if it wasn't what I had expected My thanks to all I knew if I got the question right, the"right" answers would come tumbling in. Forgive me for not adding the obvious: that my original portfolio should be diversified and that my conversion...
by GerryL
Sat Jun 12, 2021 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Account
Replies: 41
Views: 4442

Re: Savings Account

I left Chase and switched to a local credit union several years before I retired, when Move Your Money (from the big banks) was a rallying cry. Almost all my bills are on auto-pay through my CU checking account, and my SS and two tiny pensions are on auto-deposit. I keep some savings there. The larg...
by GerryL
Fri Jun 11, 2021 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Adding secondary beneficiaries to an IRA
Replies: 8
Views: 542

Re: Adding secondary beneficiaries to an IRA

I was having a problem using the online for to designate beneficiaries for my Roth at Vanguard. Half to a charity and half to my nephew. I wanted to put a secondary beneficiary in case my nephew predeceases me, but the form wouldn't let me do it unless I indicated a secondary for the other half. Not...
by GerryL
Wed Jun 09, 2021 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: So now you're dead -- how does your executor find all your accounts & bills?
Replies: 126
Views: 18866

Re: So now you're dead -- how does your executor find all your accounts & bills?

I am using the Nolo Get It Together book to document all my papers and "wishes" into a binder -- actually two binders. The 28 individual chapters cover everything from estate planning docs and and accounts to biographical info and care for pets. I am using the digital forms (encrypted) bef...
by GerryL
Mon Jun 07, 2021 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Any tips which might help in transitioning from the accumulation to the retirement phase
Replies: 19
Views: 1893

Re: Any tips which might help in transitioning from the accumulation to the retirement phase

The tip I give everyone in this situation is "Know your expenses." That is the key piece of data that you need to plan for this new phase. It doesn't really matter how many $$$ you have in your portfolio if you don't have a handle on your expenses. Then break it down to Basic living expens...
by GerryL
Sat Jun 05, 2021 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Retired Singles, When did you take SS?
Replies: 42
Views: 3906

Re: Retired Singles, When did you take SS?

I retired a few months before my 66th birthday, a year earlier than planned. Thanks to a severance package and some cash I had built up preparing for retirement, I was able to wait until 70 without taking anything out of my retirement savings or other investments. It seemed like a no brainer. My lar...
by GerryL
Sat Jun 05, 2021 12:52 am
Forum: Investing - Theory, News & General
Topic: How did Bogleheads do investment wise during the pandemic?
Replies: 110
Views: 6640

Re: How did Bogleheads do investment wise during the pandemic?

Have not really changed what I am doing. Portfolio is growing.
Since my spending is way down, I keep investing excess cash, which increases my dividends, which increases my excess cash.
On the IRA side, I have taken out about 2% so far this year, but it is up about 4.5% from where it was on Jan 1.
by GerryL
Fri Jun 04, 2021 1:56 am
Forum: Personal Finance (Not Investing)
Topic: 2021 QCD at Vanguard
Replies: 59
Views: 4119

Re: 2021 QCD at Vanguard

Can I have Vanguard send the QCD check to me directly? Almost all of the qualified contributions we make are online. I can save the confirmations I get from the charities as back up along with a copy of the check. Anybody does this? Vanguard sends the check, made out to the charity you designate, t...
by GerryL
Thu Jun 03, 2021 9:29 pm
Forum: Personal Consumer Issues
Topic: Eyeglasses: Warby Parker or Costco?
Replies: 49
Views: 8462

Re: Eyeglasses: Warby Parker or Costco?

I have a very tough prescription, lots of astigmatism, and Warby Parker gets it right all the time! I once had glasses made at Costco and they were terrible, learned my lesson. Also, Warby Parker has great customer service! My problem is where I wear my glasses -- a bit down on my nose. Can't imagi...