Search found 287 matches

by Cernel
Mon May 25, 2020 4:46 am
Forum: US Chapters
Topic: MEMORIAL DAY
Replies: 36
Views: 4098

Re: MEMORIAL DAY

Thank you Taylor, for all that you have done in service of our country and in the advice and insight provided here and elsewhere that has benefited so many people. THANK YOU!
by Cernel
Sun Apr 05, 2020 5:45 am
Forum: Personal Finance (Not Investing)
Topic: No news from Vanguard on RMD changes?
Replies: 31
Views: 4380

Re: No news from Vanguard on RMD changes?

Addition: I just went to the RMD section of my account and found the following comment from Vanguard: Changes coming soon We're working on updates that will reflect changes made by the SECURE Act. In the meantime, some of the details on this page may not be accurate. We also recommend that you cons...
by Cernel
Mon Feb 24, 2020 5:50 am
Forum: Personal Investments
Topic: Dow Futures down 426 for Monday 2/24/20. Buying anything today?
Replies: 155
Views: 15285

Re: Dow Futures down 426 for Monday 2/24/20. Buying anything today?

It is now 5:50 am EST and Dow Futures are down 778 (2.68%) and S&P Futures down 85.5 (2.75%) and the trend continues to show a downward path.
Does that change anyone's perspective?
Personally, I may be looking to buy.
by Cernel
Sat Jan 25, 2020 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance cost
Replies: 98
Views: 7741

Re: Umbrella insurance cost

$240/yr for $3M
2 Adults over 65.
by Cernel
Sat Jan 25, 2020 7:26 am
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 29203

Re: Sad news: LadyGeek's husband has passed

So sorry to hear of the passing of your husband. My prayers are with you and your family.
by Cernel
Sat Jan 25, 2020 7:21 am
Forum: US Chapters
Topic: Happy Birthday Taylor! 96 years young!
Replies: 139
Views: 5061

Re: Happy Birthday Taylor! 96 years young!

Happy Birthday, Taylor!!!

As many have noted, you have helped so many of us with your unselfish lifestyle as a Veteran, a founding pillar of the Bogleheads and countless offerings of you knowledge and experience. A true Gentleman.
by Cernel
Mon Dec 16, 2019 1:50 pm
Forum: Investing - Theory, News & General
Topic: Social Security question-Maximum Monthly Benefit
Replies: 4
Views: 539

Re: Social Security question-Maximum Monthly Benefit

Thanks to both GerryL and neuroshpere you answered my question.
by Cernel
Mon Dec 16, 2019 1:33 pm
Forum: Investing - Theory, News & General
Topic: Social Security question-Maximum Monthly Benefit
Replies: 4
Views: 539

Social Security question-Maximum Monthly Benefit

Just read an article on the changes to SS for 2020 and one of the items mentioned is that the Maximum Monthly Benefit increased to $3011. Is the Maximum Monthly Benefit in reference to what one's PIA is at Full Retirement Age. Or does this maximum monthly benefit also apply to those that have not ye...
by Cernel
Mon Apr 29, 2019 4:37 am
Forum: Personal Finance (Not Investing)
Topic: Calculating SS Benefit after Reaching FRA?
Replies: 5
Views: 922

Re: Calculating SS Benefit after Reaching FRA?

HueyLD:
Thanks for the reference and explanation. Obviously, I was off in my understanding and will go back and fix my spreadsheet.
by Cernel
Sun Apr 28, 2019 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Calculating SS Benefit after Reaching FRA?
Replies: 5
Views: 922

Calculating SS Benefit after Reaching FRA?

I reached my FRA 9 months ago and my current strategy is not to claim my benefit until I reach 70. I do have my SS Statement dated 1 month prior to reaching my FRA and it shows my benefit for FRA and Age 70. But life happens and there may be cause/reason for me to start my benefit prior to reaching ...
by Cernel
Thu Jan 17, 2019 5:28 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 63247

Re: John Bogle has died at age 89

Thank you Mr Bogle for all that you did for us little investors, you truly had such an impact on the quality of life for so many people to include myself. May you rest in Peace.
by Cernel
Fri Nov 30, 2018 9:47 am
Forum: Investing - Theory, News & General
Topic: Back Door Roth: Can it trigger an Audit?
Replies: 14
Views: 1851

Re: Back Door Roth: Can it trigger an Audit?

Thanks to all for your replies. Everything mentioned is consistent with my thinking. In regard to the 8606, I believe that my son has done it correctly for the years he has done the Back Door Roth. I have provided him information from this site on how to correctly to complete F 8606, along with docu...
by Cernel
Fri Nov 30, 2018 6:53 am
Forum: Investing - Theory, News & General
Topic: Back Door Roth: Can it trigger an Audit?
Replies: 14
Views: 1851

Back Door Roth: Can it trigger an Audit?

I have reviewed the Wiki on Back Door Roths, read the External Links listed within and read a number of threads on the Back Door Roth and was just wondering if anyone who has executed a Back Door Roth been audited for doing so? I ask this question since my son and daughter-in-law had a discussion wi...
by Cernel
Sat Aug 18, 2018 5:27 am
Forum: Personal Finance (Not Investing)
Topic: Is this a good resource for SS or is there something better
Replies: 12
Views: 1391

Re: Is this a good resource for SS or is there something better

I agree with Taylor, Mike's book is excellent. In addition, Mike is very good in answering specific questions that you may have relative to your personal situation. But first read the book, since I found many of my questions were answered by doing that.
by Cernel
Sun May 20, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: SS Benefits and Medicare Part B Premiums Question
Replies: 10
Views: 2323

Re: SS Benefits and Medicare Part B Premiums Question

The way I look at it option 2 runs the risk of someone at CMS making a mistake and putting you down as having not paid your Medicare premium. For the potential gain of the interest on $134 for a few months. Maybe a dollar at most? Since you don't want to have to deal with SSA this doesn't seem like...
by Cernel
Sun May 20, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: SS Benefits and Medicare Part B Premiums Question
Replies: 10
Views: 2323

Re: SS Benefits and Medicare Part B Premiums Question

Thanks for all the replies and the link to the previous thread. The responses seem pretty consistent in that the monthly SS Benefits check is for the previous month's benefits and that the Part B Premium deduction is for the current month. Now, the next thing I need to figure out is how to pay my ne...
by Cernel
Sun May 20, 2018 5:43 am
Forum: Personal Finance (Not Investing)
Topic: SS Benefits and Medicare Part B Premiums Question
Replies: 10
Views: 2323

SS Benefits and Medicare Part B Premiums Question

I have called the Social Security Administration (SS), both National and Local office, and I have received different answers to the following question so I am hoping that one our our more knowledgeable SS contributors might be able to shed some light on the subject. Scenario: I will reach FRA (66) i...
by Cernel
Sun May 20, 2018 5:15 am
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 15615

Re: Helping Adult Children (but not too much)

We have 3 adult children. After getting them through college without any student loans and about $10K in their Individual accounts, we made an agreement with them that we would contribute to their Roth IRAs as long as they contributed 10-15% to their company's 401(k), which they gladly agreed to. No...
by Cernel
Tue May 30, 2017 5:39 am
Forum: US Chapters
Topic: Memorial Day
Replies: 28
Views: 5388

Re: Memorial Day

Your comments about being treated as a hero are typical of the WW2 vets I have known over the years, particularly at my American Legion Post. They (you) are the most humble men and women I have ever known in spite of their (your) heroic accomplishments saving the world from incredible threats. +1 I...
by Cernel
Fri May 12, 2017 5:09 am
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 29813

Re: Buying a luxury car (how dumb would it be to do this?)

I will admit upfront that I did not read this entire thread since it is now 4+ pages long, so I don't know if this perspective has already been stated. I found myself in a similar situation as you last summer. Although I am about 20 years older than you, my wife and I have purchased mid-sized cars a...
by Cernel
Mon May 08, 2017 5:12 am
Forum: US Chapters
Topic: HAPPY BIRTHDAY MR. BOGLE: Let's Get The Party Started One Day Early
Replies: 70
Views: 10074

Re: HAPPY BIRTHDAY MR. BOGLE: Let's Get The Party Started One Day Early

Happy Birthday, Mr Bogle. May your day filled with many Blessings.

Thank you for everything. You have been one of the most influential persons in my life. I would not be where I am without the knowledge gained from your unselfish sharing of wisdom and experience. Thank you.
by Cernel
Wed Jan 11, 2017 6:28 am
Forum: US Chapters
Topic: Sad News About a Respected Forum Member
Replies: 118
Views: 27803

Re: Sad News About a Respected Forum Member

May God bless and bring you peace.
Thank you for all that you have done to help so many people.
We will miss you, but you will not be forgotten.
by Cernel
Tue Sep 06, 2016 4:31 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Enrollment Strategy?
Replies: 10
Views: 2022

Re: Medicare Enrollment Strategy?

Cernal The NY Essential Health Plan is an individual plan and was designed by NY under the ACA as a "basic health plan". Here is a PP fact sheet on the plan which is more geared to industry training but it does give the eligibility age as " Ages 19-64 at the beginning of the plan yea...
by Cernel
Sat Sep 03, 2016 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Enrollment Strategy?
Replies: 10
Views: 2022

Re: Medicare Enrollment Strategy?

Do you get periodic (yearly) letters from your employer that you and spouse have "creditable" employer health insurance coverage and don't need to sign up for Medicare B&D? Wife and I got them from my Megacorp so we had no trouble delaying B&D until I retired at age 69 (i.e., ther...
by Cernel
Sat Sep 03, 2016 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Enrollment Strategy?
Replies: 10
Views: 2022

Re: Medicare Enrollment Strategy?

My State coverage required that I enroll in Medicare at 65 or it would terminate my State insurance at 65 with no reinstatement allowed. I suggest you confirm that your State plan will continue to cover you until you enroll in Medicare. Will your State plan continue as supplemental insurance after ...
by Cernel
Sat Sep 03, 2016 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Enrollment Strategy?
Replies: 10
Views: 2022

Medicare Enrollment Strategy?

I believe I understand the Medicare Initial Enrollment Period as being a 7 month window (3 months before your 65th birthday, the month of your 65th birthday and 3 months after your 65th birthday). Enrolling during this 7 month window will avoid the lifetime penalty on Part B/D premiums. My wife and ...
by Cernel
Fri Jun 03, 2016 5:14 am
Forum: Personal Investments
Topic: Getting Started: USAA vs Vanguard?
Replies: 17
Views: 5642

Re: Getting Started: USAA vs Vanguard?

I don't exactly know if it matters or not. But consider using USAA for your banking and insurance needs and Vanguard for your investing needs. That is what I do and am happy with that. +2 This works for me, as well. I find USAA very good for my Insurance needs and Vanguard very good for my Investme...
by Cernel
Sat Apr 23, 2016 5:23 am
Forum: Personal Finance (Not Investing)
Topic: Need feedback on our strategy for maximizing Social Security
Replies: 15
Views: 1980

Re: Maximize Mine

I pray I am right. I believe you have it correct and is consistent with what dodecahedron has outlined. I am in a similar situation as you and have struggled myself to figure this all out, so don't feel bad about being confused. I think there are many of us that are confused and with the recent cha...
by Cernel
Sat Mar 26, 2016 5:35 am
Forum: Personal Investments
Topic: 2 Buckets or 3 Buckets in Retirement??
Replies: 72
Views: 16248

Re: 2 Buckets or 3 Buckets in Retirement??

I think that the bucket approach is just another way of talking about asset allocation- stocks,bonds and cash. I'm in the same "bucket" as Dick D in that I don't use Buckets, but my AA of 50/45/5 (Stocks/Bonds/Cash) provides me enough Cash (mostly in CDs and Ally's On-Line Savings) to cov...
by Cernel
Tue Jan 26, 2016 6:55 am
Forum: Personal Investments
Topic: Backdoor Roth vs. Taxable Brokerage
Replies: 4
Views: 1133

Re: Backdoor Roth vs. Taxable Brokerage

As you have just realized, the $5500 contribution limit for you and your wife is for either a Traditional IRA or a Roth IRA or a combination of both, meaning you are both limited to contributing to just $5500 per year. FYI - The Income limits for both types of IRAs are as follows: Tradition IRAs (Th...
by Cernel
Tue Jan 26, 2016 6:17 am
Forum: US Chapters
Topic: Happy Birthday Taylor!
Replies: 87
Views: 8863

Re: Happy Birthday Taylor!

A very Happy Birthday to you Mr Larimore!!! A person's value is not measured in the amount of money or material things they acquire during one's lifetime, but is more a measure of what they have done for others during that lifetime. Not only were you willing to risk your life for the freedoms we enj...
by Cernel
Sat Jan 02, 2016 6:22 am
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2016 BOGLEHEAD CONTEST
Replies: 667
Views: 50617

Re: REGISTRATION FOR THE 2016 BOGLEHEAD CONTEST

2142.90

Well, I had my best year yet in this wonderful contest. I ended up 116th. Usually I am in the 300's.

Given my guess for 2015 was an improvement, on my behalf, I am staying with it for 2016.
by Cernel
Wed Dec 02, 2015 4:34 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard email
Replies: 7
Views: 1304

Re: Vanguard email

Received the same email.

Certainly disappointed in Vanguard's decision.
by Cernel
Sat Oct 31, 2015 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 477
Views: 72121

Re: Changes to Social Security

Yes, the lower-PIA spouse would be able to file for a spousal benefit at that time (assuming that their PIA is < 50% of the higher-earning spouse's PIA). If you'd like to give approximate PIAs, I or somebody else could help with the calculations of monthly benefit amounts. Mike, Thanks for the offe...
by Cernel
Sat Oct 31, 2015 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 477
Views: 72121

Re: Changes to Social Security

Mike, As many have already posted, thanks for all the time and effort you are putting in to helping us understand this new law. I have your current book and learned so much from it, and you were so kind to answer a few of my questions when I was trying to pull a strategy together for our SS benefits...
by Cernel
Sat Oct 10, 2015 5:20 am
Forum: Investing - Theory, News & General
Topic: Vanguard Webinars
Replies: 8
Views: 1597

Re: Vanguard Webinars

I have viewed them over the past few years and I applaud Vanguard for providing this service/opportunity to learn more about financial matters. Personally, I feel they are more valuable for those individuals who are in the earlier stages of learning about finances. For me, after learning a lot on th...
by Cernel
Sun Jul 26, 2015 5:54 am
Forum: Personal Finance (Not Investing)
Topic: Where do you keep/park your emergency fund?
Replies: 54
Views: 8985

Re: Where do you keep/park your emergency fund?

I'm retired and have moved from a strategy of having an "Emergency Fund" to one of having what I call a "3-year Cash Bucket" Year 1 - Current year's expenses in Ally On-Line Savings Year 2 - Next year's expenses in Vanguard Target Retirement Income Fund Year 3 - CDs to cover 3rd ...
by Cernel
Tue Jun 30, 2015 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Drawing from Retirement Savings to Delay SS
Replies: 43
Views: 9887

Re: Drawing from Retirement Savings to Delay SS

I've looked at both of these scenarios, along with 6 others, and the reason why my stated strategy works out better than me "Filing and Suspending" at age 66 is that my wife's SS Benefit is close to 50% of mine, actually 45%. If I "File & Suspended, I could not file a "Restr...
by Cernel
Tue Jun 30, 2015 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Drawing from Retirement Savings to Delay SS
Replies: 43
Views: 9887

Re: Drawing from Retirement Savings to Delay SS

My wife who is a few months older than myself and has a FRA benefit of < 50% of mine will start to draw her SS Benefit at FRA (66). When I turn 66 a few months later, I will file a Restricted Application for 50% of her benefit while allowing my benefit to grow. Then when I turn 70, I will file for ...
by Cernel
Tue Jun 30, 2015 5:40 am
Forum: Personal Finance (Not Investing)
Topic: Drawing from Retirement Savings to Delay SS
Replies: 43
Views: 9887

Re: Drawing from Retirement Savings to Delay SS

I didn't get any bites on a comment in another thread so thought it would be beneficial to start a new one on this subject. I would like to see responses from members who are planning to, or are currently delaying SS by spending down a portion of their savings to enable a delay for SS filing. Comme...
by Cernel
Fri Jun 26, 2015 5:55 am
Forum: Personal Investments
Topic: Dividend Distribution Question
Replies: 9
Views: 1912

Re: Dividend Distribution Question

I agree with red5 in regard to keeping one's tax situation a little more simplified by taking the dividend distribution versus creating another tax lot by reinvesting. I am also retired and I take my dividend distributions and send it to my On-Line Savings account to be used for my Monthly income ne...
by Cernel
Tue Jun 23, 2015 5:05 am
Forum: US Chapters
Topic: Happy Birthday to Mel [Lindauer]
Replies: 36
Views: 6779

Re: Happy Birthday to Mel [Lindauer]

HAPPY BIRTHDAY to truly a great man!!!

Thank you for all that you have done to help us "ordinary investors get a fair shake."
by Cernel
Thu Jun 11, 2015 6:06 am
Forum: Personal Investments
Topic: Investing for my 19 yr old son
Replies: 23
Views: 3815

Re: Investing for my 19 yr old son

I started helping my kids understand the importance of saving money now for their future in a manner similar to what you are doing with your 19 year old son. I helped them open their own Roth IRA with the agreement that I would match dollar for dollar their investment. We started with a TR Fund at V...
by Cernel
Mon Jun 01, 2015 5:25 am
Forum: Personal Consumer Issues
Topic: Which grocery stores do you shop at and why?
Replies: 93
Views: 16391

Re: Which grocery stores do you shop at and why?

Wegmans. Because it's the best grocery store in America. I LOVE Wegman's though, and there's one close to work. If I plan ahead on my grocery shopping for after work on a weekday, I'll go there. They are hands down the best shopping experience of any place I've been to. +1 Grocery shopping is not o...
by Cernel
Wed May 13, 2015 5:37 am
Forum: Personal Investments
Topic: Anybody 50/50?
Replies: 78
Views: 12128

Re: Anybody 50/50?

I remember watching the news when I was 18/19 before I had investments. It was nothing but horrible news and they made it sound like the world as we knew it was ending. It must have been rough to hold through that You're right, the financial news during this time was "doom and gloom." IMO...
by Cernel
Mon May 11, 2015 5:37 am
Forum: Personal Finance (Not Investing)
Topic: Which Company Do You Have Auto Insurance With?
Replies: 105
Views: 12605

Re: Which Company Do You Have Auto Insurance With?

USAA, along with Home Owners Insurance and Umbrella Policy.
by Cernel
Mon Apr 13, 2015 5:35 am
Forum: Personal Consumer Issues
Topic: Password manager recommendations?
Replies: 86
Views: 15575

Re: Password manager recommendations?

gkaplan wrote:I use the free version of LastPass. It has some quirks at times, but I usually can figure them out.
+1
With the exception that sometimes, I can't figure out those "quirks" so I just call my son and he helps me out.