Search found 3089 matches

by GerryL
Mon Apr 12, 2021 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected interpretation of the SECURE Act 10-year inherited IRA drawdown
Replies: 8
Views: 1030

Unexpected interpretation of the SECURE Act 10-year inherited IRA drawdown

Saw this today in Investment News and figured it would be of interest to many people here. In late March, IRS released IRS Publication 590-B, which contains the tax rules on withdrawing funds from individual retirement accounts. Normally this is a wrap-up of rules to use as guidance in preparing tax...
by GerryL
Mon Apr 12, 2021 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Distributions - are they income tax-free if ... ?
Replies: 7
Views: 800

Re: Roth IRA Distributions - are they income tax-free if ... ?

My aunt has a Roth IRA she started outside of her employer back in 2000
This seems to be a non sequitur. All IRAs, traditional and Roth, as started outside of an employer. Or is there an instance I'm not familiar with?
by GerryL
Mon Apr 12, 2021 1:22 pm
Forum: Personal Consumer Issues
Topic: What do you do with well worn clothing?
Replies: 39
Views: 3215

Re: What do you do with well worn clothing?

I wear a lot of my stuff until it practically disintegrates. I cascade items from "best" to "okay for errands" to "house and yardwork only." If I decide I really can't wear something anymore (doesn't fit) or I have replaced it or I just don't want it, it goes to the ape...
by GerryL
Sun Apr 11, 2021 8:56 pm
Forum: Personal Consumer Issues
Topic: Flooring decisions for whole house - tile vs laminate
Replies: 31
Views: 2819

Re: Flooring decisions for whole house - tile vs laminate

My brother's fancy house is ALL tile downstairs. (Carpet upstairs.) Cold, noisy and hard on the legs and feet when you are preparing a holiday meal in the kitchen -- for hours. And if you drop a glass or dish, odds are very much against it surviving. In my house I have LVP (large, square tiles) in t...
by GerryL
Sun Apr 11, 2021 3:49 pm
Forum: Personal Consumer Issues
Topic: Would (did) you preemptively replace your Roof Shingles
Replies: 51
Views: 3396

Re: Would you preemptively replace your Roof

If your roof is nearing the end of it's estimated useful life, would you (have you) preemptively replace(d) it? Seems risky to wait for it to fail and run the risk of incurring additional expenses relating to fixing the damage from the failure. Some seem to suggest damage would be covered by insura...
by GerryL
Sun Apr 11, 2021 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Using only Fidelity for Retirement
Replies: 23
Views: 3330

Re: Using only Fidelity for Retirement

... Use this forum and an hourly fee-only advisor to help in your decumulation phase. Thanks for the replies. I was concerned that that was the answer. I am looking to simplify the process, what could an hourly fee-only do? Set up an annual plan? To be honest one of my concerns is a mental decline ...
by GerryL
Sat Apr 10, 2021 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you spend in retirement compared to before? Did you budget enough?
Replies: 13
Views: 1782

Re: How much do you spend in retirement compared to before? Did you budget enough?

I'm spending more now -- by choice. My basic living expenses have not changed all that much, but my "allowance" is bigger. Pre-Covid I was eating out more often than when I was working. And my spending on travel accounts for a chunk of the higher spend. I know that if I had to, I could eas...
by GerryL
Thu Apr 08, 2021 4:24 pm
Forum: Personal Investments
Topic: How to lose the desire of outperforming the market?
Replies: 112
Views: 7087

Re: How to lose the desire of outperforming the market?

Jack Bogle wrote a little book titled "Enough." Read it.

I think the key is redefining what winning means to you. Many/most people seem to think winning means "more." Get to where you see winning as having "enough."
by GerryL
Wed Apr 07, 2021 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a Supplement G Medicare Company
Replies: 15
Views: 1248

Re: Choosing a Supplement G Medicare Company

choral54 wrote: Wed Apr 07, 2021 4:54 pm Do I need to go through an agent to get a supplement plan?
No. You can call the company directly. Or even, maybe, fill out application on their website. I like calling and talking to a live person, just to get a feel for their definition of "customer service."
by GerryL
Wed Apr 07, 2021 2:15 pm
Forum: Personal Investments
Topic: How much cash do you really hold?
Replies: 91
Views: 6276

Re: How much cash do you really hold?

I keep a healthy cash stash that is built up from monthly income and dividends and RMDs that are not immediately reinvested. This is in checking, savings and CDs. I don't count this cash as part of my portfolio, but if it gets too bulked up, I will move some to the Balanced Index Fund in taxable, at...
by GerryL
Wed Apr 07, 2021 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a Supplement G Medicare Company
Replies: 15
Views: 1248

Re: Choosing a Supplement G Medicare Company

Thank you for all of your responses. I have found a company through the Iowa Retired Teachers website that has a good rate. It is Accendo, but I don't know if I should be leery because it has only been in existence for a year. I understand it is affiliated with Aetna. Any thoughts about this situat...
by GerryL
Tue Apr 06, 2021 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 20707

Re: How much do you spend annually in retirement?

Well, this year so far, when charitable giving is excluded, I haven't even spent $1500 a month, so .... Significantly below my target spend. Many of us on this forum are in the situation to be able to spend what we need to spend, and those of us who are naturally frugal can also spend what we want t...
by GerryL
Tue Apr 06, 2021 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus as only income eligible for IRA contributions?
Replies: 4
Views: 331

Re: Bonus as only income eligible for IRA contributions?

Take5Man wrote: Tue Apr 06, 2021 1:01 pm thanks for the answers..I kinda / sorta knew the bonus (supplemental income) would be considered W-2 since normal federal taxes are taken out.
My very last Roth IRA contribution was the pro-rated bonus I got about 9 months after I retired.
by GerryL
Tue Apr 06, 2021 1:49 pm
Forum: Investing - Theory, News & General
Topic: The Emotional Side of Investing
Replies: 28
Views: 2613

Re: The Emotional Side of Investing

When I sell off my company shares, I do it by limit-order. So I am selecting a price that will satisfy me. On occasion the price has shot up over night and I end up getting more than what I expected. ("Oh, isn't that nice.") On other occasions I have gotten my designated price and then the...
by GerryL
Tue Apr 06, 2021 1:40 pm
Forum: Personal Consumer Issues
Topic: binoculars advise
Replies: 29
Views: 1711

Re: binoculars advise

All good suggestions so far. Just be aware if you go to a big store with very bright, excellent lighting, it will be difficult to really discern the differences in optical quality between models. It is a good chance to ensure fit, grip, size, are all to your liking. The really good (expensive) glas...
by GerryL
Tue Apr 06, 2021 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a Supplement G Medicare Company
Replies: 15
Views: 1248

Re: Choosing a Supplement G Medicare Company

In Oregon it is possible to switch to a lower level plan without underwriting. It also depends on the company. I had Plan N with Blue Cross/Blue Shield (BCBS). They would not let me switch from Plan N to Plan F without going through underwriting. Talking to Humana (where I had my Part D) I learned ...
by GerryL
Mon Apr 05, 2021 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a Supplement G Medicare Company
Replies: 15
Views: 1248

Re: Choosing a Supplement G Medicare Company

When I decided on a plan, I checked each of the lowest cost companies' websites. (If they had one. If they didn't, I knocked them off the list.) I narrowed it down to 3 and called each. My goal was to see what it was like dealing with them, online and on the phone. I was on F-HD for five years and j...
by GerryL
Mon Apr 05, 2021 3:06 pm
Forum: Personal Consumer Issues
Topic: binoculars advise
Replies: 29
Views: 1711

Re: binoculars advise

A few years back I was looking for a smaller binocular that I could easily pack for air travel. (I always take a small suitcase and a carryon.) I visited any store nearby that carried binoculars and tried out at least a dozen products in the price range you are looking at. Finally settled on Nikon P...
by GerryL
Mon Apr 05, 2021 2:52 pm
Forum: Personal Consumer Issues
Topic: Buying pantry items in bulk
Replies: 22
Views: 1921

Re: Buying pantry items in bulk

I was in the habit of buying my brown rice from the grocery store bulk bins -- moderate quantities since I am a solo and brown rice can go rancid. (I store it in fridge.) With the start of the pandemic, bulk bins were taken out, and shelves were bare of all rice. I found a 5lb bag of Nishiki brown r...
by GerryL
Mon Apr 05, 2021 2:33 pm
Forum: Investing - Theory, News & General
Topic: The Vanguard global 60/40 balanced fund thread - give us your thoughts!
Replies: 16
Views: 1597

Re: The Vanguard global 60/40 balanced fund thread - give us your thoughts!

My taxable is in the 60/40 Balanced Index Fund, but my retirement accounts are set up in a 60/40 basic 4-fund model, with enough of the stock in international to bring my overall portfolio to the VG-recommended to 40%. It would be convenient to put the traditional IRA all into a single fund, but my ...
by GerryL
Sun Apr 04, 2021 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: RMD(s) for Traditional IRA and Rollover IRA?
Replies: 10
Views: 894

Re: RMD(s) for Traditional IRA and Rollover IRA?

Why not just combine the two t-IRA's into one account? What's the point of maintaining two t-IRA's? That would simplify things considerably. To my knowledge, there is no advantage in maintaining multiple t-IRA accounts. Calling one t-IRA account a "rollover" is meaningless. Unless you are...
by GerryL
Thu Apr 01, 2021 6:14 pm
Forum: Personal Consumer Issues
Topic: Is it time to replace my Roku 3?
Replies: 18
Views: 1183

Re: Is it time to replace my Roku 3?

What is a Roku 3? I don't see numbered devices on the Roku site? A couple of years ago I decided to try out a Roku and went with the lowest-priced model, Roku Express. It's been working just fine for my needs, but on several occasions I have found that the sound is out of sync with the picture and e...
by GerryL
Thu Apr 01, 2021 5:59 pm
Forum: Personal Investments
Topic: Personal Rep from vangusrd
Replies: 7
Views: 575

Re: Personal Rep from vangusrd

So I got an email from an individual who said he was a vanguard personal representative. He said he has a few account specific items he wants to discuss. The email looks official. I have been a Vanguard customer for 35 years and have never been contacted to assist me in meeting my financial goals. ...
by GerryL
Thu Apr 01, 2021 5:56 pm
Forum: Personal Consumer Issues
Topic: Laser Printer: Buy a New One?
Replies: 54
Views: 3866

Re: Laser Printer: Buy a New One?

For many years I've had an HP LaserJet 1020 printer. Any thoughts on a replacement printer which hopefully won't develop paper-feed issues after a few years of light use? A few years? It's probably about 10-15 years old, right? And it was probably about $100 when new. You've gotten your money's wor...
by GerryL
Tue Mar 30, 2021 5:22 pm
Forum: Investing - Theory, News & General
Topic: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)
Replies: 68
Views: 6402

Re: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)

I was 50 when the Roth became available. I maxed it every year until my income disqualified me a few years before I retired in 2014. I added $50k in conversions before realizing that made no sense for me. It is now well north of $250k. I, too, questioned whether starting so late in the game -- when ...
by GerryL
Tue Mar 30, 2021 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Spending money and living now VS saving and living better later?
Replies: 82
Views: 17306

Re: Spending money and living now VS saving and living better later?

How to find YOUR balance between living now or saving for later? Read up on the 50-20-30 Budget Rule. https://www.thebalance.com/the-50-30-20-rule-of-thumb-453922 In a nutshell: No more than 50 percent of your income should go to necessities (e.g., housing, food, transportation). At least 20 percent...
by GerryL
Mon Mar 29, 2021 1:28 pm
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 25115

Re: High spenders what do you spend on?

I am not a high spender, but I am spending considerably more than I was in my working days because I know what I can afford to spend -- and my discretionary budget is more than I need. If I were you, I would reframe the question: What do I value that I can afford to spend more on? I am spending (wel...
by GerryL
Mon Mar 29, 2021 1:16 pm
Forum: Personal Consumer Issues
Topic: INT'L SUMMER TRAVEL (from US)
Replies: 25
Views: 1726

Re: INT'L SUMMER TRAVEL (from US)

Problem with trying to plan something in Europe (or internationally, in general) is that you're aiming at a moving target. If a country calls off its quarantine this week, there is no guarantee it won't be reinstated by the time your trip starts. Or a country or region could go into partial lockdown...
by GerryL
Sun Mar 28, 2021 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should I quit/retire? Not a financial matter
Replies: 35
Views: 3497

Re: Your helath is important

Bogle7 wrote: Sun Mar 28, 2021 5:29 pm "Should I quit/retire?"
Yes.

If the company decided the project was not worth it, they would can you in a New York minute.
You owe them nothing.
My boss at Megacorp used to advise us: Don't be more loyal to the company than the company is to you.
by GerryL
Sun Mar 28, 2021 2:12 am
Forum: Personal Investments
Topic: Large Single Stock Position - Divestment strategy
Replies: 10
Views: 1135

Re: Large Single Stock Position - Divestment strategy

Clearly, the carryover losses can offset some of the capital gains associated with moving out of this position. However, I think it might be useful to consider whether it is necessary to divest from this position entirely. Yes, it is a big risk to be in a single stock and is not the best place to b...
by GerryL
Sat Mar 27, 2021 5:17 pm
Forum: Personal Consumer Issues
Topic: From your personal experience, bathroom in finished basement?
Replies: 37
Views: 2725

Re: From your personal experience, bathroom in finished basement?

I grew up in the midwest in a small tract home with one bathroom. It also had a full basement, which my dad finished for more living space (parties, ping pong table, seating area). In the summer he moved our only tv (furniture-style console) down there so we didn't swelter while watching in the even...
by GerryL
Thu Mar 25, 2021 7:45 pm
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3689

Re: Thoughts on selling a CD music collection....

If you get some sticky felt spots and fasten them to the "business side" of the CDs, you can turn them into coasters-cum-conversation pieces. That is assuming 1) you resign yourself to not playing them and 2) they have attractive art.
by GerryL
Thu Mar 25, 2021 2:48 pm
Forum: Personal Investments
Topic: Advice on not stressing closer to retirement
Replies: 62
Views: 3779

Re: Advice on not stressing closer to retirement

You have enough. Do what makes you happy. The ups and downs are irrelevant if you know your portfolio and plan are solid. A few years before retirement I was stressing about how to know if I would have enough to last the rest of my life. I had my plan run by a Vanguard CFA, with generous spending n...
by GerryL
Thu Mar 25, 2021 2:28 pm
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3689

Re: Thoughts on selling a CD music collection....

You might try selling them in sets/collections by genre. A collector might be interested in getting a good price on a set. You could off-load multiple titles of a genre where some individual titles might not find buyers. And you would be passing along your collection to another collector ... for the...
by GerryL
Wed Mar 24, 2021 6:48 pm
Forum: Personal Consumer Issues
Topic: Bathtub and Tile Walls Remodel
Replies: 6
Views: 568

Re: Bathtub and Tile Walls Remodel

When I was researching possibilities to replace my standard-build tub insert and surround with a walk-in shower I learned a few things: * The choice of after-build inserts is fairly limited and they are likely to be in pieces rather than in a single piece. * The cost is not that much less than an al...
by GerryL
Wed Mar 24, 2021 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security — When?
Replies: 23
Views: 2095

Re: Applying for Social Security — When?

I called Social Security and made an appointment to apply by telephone. The appointment is for April 28, approximately 5 weeks away. Just 5 weeks? You're lucky. The one time I tried to make an appointment I was told there were no more appointments for the next several months. Try again some other t...
by GerryL
Tue Mar 23, 2021 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement target of age, nest-egg or either, or both?
Replies: 20
Views: 2190

Re: Retirement target of age, nest-egg or either, or both?

I based my retirement date on eligibility for my 3rd sabbatical. The plan was to use my sabbatical as a 2-month practice retirement and then return to work for another year, retiring shortly before turning 67. I figured I would use that extra year to tweak my plans as needed while wrapping up proje...
by GerryL
Tue Mar 23, 2021 5:58 pm
Forum: Personal Consumer Issues
Topic: Can medical (Rx) insurance company bill you for a medication?
Replies: 8
Views: 912

Re: Can medical (Rx) insurance company bill you for a medication?

Doesn't coverage usually extend to the end of the month?
by GerryL
Tue Mar 23, 2021 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement target of age, nest-egg or either, or both?
Replies: 20
Views: 2190

Re: Retirement target of age, nest-egg or either, or both?

I based my retirement date on eligibility for my 3rd sabbatical. The plan was to use my sabbatical as a 2-month practice retirement and then return to work for another year, retiring shortly before turning 67. I figured I would use that extra year to tweak my plans as needed while wrapping up projec...
by GerryL
Mon Mar 22, 2021 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-Retirement & Just Retired - Suggestions or lessons learned?
Replies: 10
Views: 1234

Re: Pre-Retirement & Just Retired - Suggestions or lessons learned?

Know how much you can spend each year. Whether you keep a detailed budget or just set an annual target amount or some method in-between, get an understanding of what you can safely spend -- and then track your spending. I have an annual target spend, which goes up slightly each year. In my 7th year...
by GerryL
Mon Mar 22, 2021 3:48 pm
Forum: Personal Investments
Topic: Pre-retirement to-do list
Replies: 31
Views: 3536

Re: Pre-retirement to-do list

Another thing I did the year before I retired: I interviewed people. In my case, I am a solo, so I invited several solo friends -- one at a time -- to tea/coffee to ask them about the non-financial aspects of their retirement experience. Best thing? Worst thing? What would you do differently? No big...
by GerryL
Mon Mar 22, 2021 3:41 pm
Forum: Personal Consumer Issues
Topic: How much are your monthly total subscriptions?
Replies: 37
Views: 1653

Re: How much are your monthly total subscriptions?

Back when I was still working (in high tech) and attending market research conferences, I noticed that more and more products that people relied on were being envisioned as subscription models. I was not thrilled at the idea of having to pay an annual fee for software or operating systems, and peopl...
by GerryL
Mon Mar 22, 2021 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-Retirement & Just Retired - Suggestions or lessons learned?
Replies: 10
Views: 1234

Re: Pre-Retirement & Just Retired - Suggestions or lessons learned?

Know how much you can spend each year. Whether you keep a detailed budget or just set an annual target amount or some method in-between, get an understanding of what you can safely spend -- and then track your spending. I have an annual target spend, which goes up slightly each year. In my 7th year ...
by GerryL
Mon Mar 22, 2021 2:59 pm
Forum: Personal Investments
Topic: Pre-retirement to-do list
Replies: 31
Views: 3536

Re: Pre-retirement to-do list

My suggestions have been pretty much covered -- especially the dental work prompt. But I want to riff on PaunchyPirate's idea of a list of projects. As I was thinking about the day when I would hand in my badge, I occasionally thought of things I might do when I had more time. Not necessarily projec...
by GerryL
Sat Mar 20, 2021 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security — When?
Replies: 23
Views: 2095

Re: Applying for Social Security — When?

I have been deliberating over this for weeks. There is a good case to be made for delaying and a good case to be made for collecting immediately. After all that deliberation I have decided on the latter. I don't want this to turn into a debate between now vs. later. We already had that discussion i...
by GerryL
Wed Mar 17, 2021 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Not sure what to do with an auto accident where my vehicle was struck
Replies: 31
Views: 2562

Re: Not sure what to do with an auto accident where my vehicle was struck

Having been rear-ended 5 times in 3 cars (each less than 2 years old) including 3x in as many months, I learned that here in Oregon first thing you do is fill out and file an accident form (DMV?) and call your insurance agent. They should handle the contact with the other guy's insurance. OP, Aren't...
by GerryL
Wed Mar 17, 2021 6:59 pm
Forum: Personal Consumer Issues
Topic: USAA bad website changes
Replies: 14
Views: 1005

Re: USAA bad website changes

They didn't just change their website; they also changed the software that manages the billing system. One of the changes cost them at least 20 minutes with a service rep -- my time and theirs -- so 40 minutes, at least. Back in November I switched to monthly billing from bi-annual. I was signed up ...
by GerryL
Tue Mar 16, 2021 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Realtor requiring prospective buyers to get pre-approved by spouse's mortgage company
Replies: 33
Views: 3001

Re: Realtor requiring prospective buyers to get pre-approved by spouse's mortgage company

I am an attorney that got knee deep into *almost* forming a title company towards the end of last year. Having gone through that experience, I know there are federal regulations that prohibit this type of conduct with title agencies. I am oversimplifying a bit here, so generally: the realtor can re...
by GerryL
Sun Mar 14, 2021 1:03 am
Forum: Personal Consumer Issues
Topic: What are your travel plans in 2021 and beyond?
Replies: 149
Views: 9602

Re: What are your travel plans in 2021 and beyond?

Despite the optimism portrayed in mainstream media, 2021 is going to be a wasteland for international travel. Go ahead and book something this year at a discount; just don't be too surprised when it gets cancelled and you get stuck with credits or some other non-ideal scenario. Travel within the US...
by GerryL
Sat Mar 13, 2021 7:08 pm
Forum: Personal Consumer Issues
Topic: What are your travel plans in 2021 and beyond?
Replies: 149
Views: 9602

Re: What are your travel plans in 2021 and beyond?

Despite the optimism portrayed in mainstream media, 2021 is going to be a wasteland for international travel. Go ahead and book something this year at a discount; just don't be too surprised when it gets cancelled and you get stuck with credits or some other non-ideal scenario. Travel within the US...