Search found 3093 matches

by GerryL
Tue Oct 13, 2020 2:26 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads cope with not beating the market?
Replies: 142
Views: 11214

Re: How do Bogleheads cope with not beating the market?

I focus on having ENOUGH rather than having MORE.
Do I have or am I on track to have ENOUGH to live the life I want? Yes. John Bogle wrote a little book titled "Enough."

Ironically, by focusing on enough, I ended up with more than enough.
by GerryL
Sat Oct 10, 2020 2:17 am
Forum: Personal Investments
Topic: What would be an "ok" amount in Roth
Replies: 9
Views: 2128

Re: What would be an "ok" amount in Roth

I visualize my investments in roughly equal "blocks" or parts: IRA to Roth to Taxable looks like 4 : 1 : 2. The Roth amount is what I was able to get into it in the limited number of years I had to max it out. I started putting $$ in as soon as the Roth became available and had to stop in ...
by GerryL
Sat Oct 10, 2020 2:01 am
Forum: Personal Consumer Issues
Topic: Amazon Prime - Value?
Replies: 146
Views: 15529

Re: Amazon Prime - Value?

Recently saw that "Amazon Day", where orders can be bundled for a single delivery on a specific day is a thing, and apparently while going through the motions of an order, set my day to Wednesday. Chatting with a rep, found out that once selected, you can't undo having an Amazon Day, just...
by GerryL
Fri Oct 09, 2020 9:56 pm
Forum: Investing - Theory, News & General
Topic: "Active" Index investing vs. "Passive" Index investing
Replies: 197
Views: 8185

Re: "Active" investing vs. "Passive" investing

OP, I'm a person who was pretty much like you described. Didn't settle down into a "serious" job until I was into my 40s, although I had managed to sock a few thousand away in retirement vehicles in the previous half decade. I didn't know anything about active versus passive investing at t...
by GerryL
Mon Oct 05, 2020 8:38 pm
Forum: Investing - Theory, News & General
Topic: Is now the time to think about active investing??
Replies: 32
Views: 3386

Re: Is now the time to think about active investing??

You've probably seen those commercials for newly released movies where someone is (ostensibly) interviewing people as they come out of the theater. Of course, these folks are gushing about how great the film is. Producers skip previewing a disappointing film for critics when they know it will likely...
by GerryL
Fri Oct 02, 2020 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: If you have a pension, how do you view it?
Replies: 203
Views: 14905

Re: If you have a pension, how do you view it?

I have two tiny pensions that together account for <20% of my stable income stream, the rest of which is SS. They are non-COLAed, so over time they will account for a shrinking portion. But having the extra income is far better than a sharp stick in the eye, as my dad would have said. The smaller of...
by GerryL
Tue Sep 29, 2020 9:07 pm
Forum: Investing - Theory, News & General
Topic: What fund(s) are in your taxable account?
Replies: 138
Views: 11711

Re: What fund(s) are in your taxable account?

Do these balanced funds in taxable generate a lot of taxes? Some taxes on the quarterly dividends. It's not onerous. Almost half of the quarterly dividends last year were counted as classified. I started investing in the balanced fund before I learned about the the tax consequences of having bonds ...
by GerryL
Tue Sep 29, 2020 7:54 pm
Forum: Investing - Theory, News & General
Topic: What fund(s) are in your taxable account?
Replies: 138
Views: 11711

Re: What fund(s) are in your taxable account?

I've long had Balanced Index fund as my only fund in taxable. Keeps life simple since I intend to maintain a 60/40 AA. I only need to rebalance in IRA and Roth.
by GerryL
Tue Sep 29, 2020 7:50 pm
Forum: Personal Consumer Issues
Topic: How do you stay organized?
Replies: 17
Views: 1633

Re: How do you stay organized?

I maintain appointments/meetings on my desktop and mail them to my iphone. (They used to be synced up, but that inexplicably stopped). Also, on the side of my fridge, and visible from where I often sit perched at my counter, is a sort of 2-week calendar where I post sticky notes for upcoming activit...
by GerryL
Sat Sep 26, 2020 3:24 pm
Forum: Investing - Theory, News & General
Topic: Were you nervous when you retired?
Replies: 98
Views: 10573

Re: Were you nervous when you retired?

Maybe reading a book will help. Some folks got value out of reading the book What Color Is My Parachute For Retirement? It is not really about the financial side of retirement, but about the emotional side of retirement. There are plenty of other books about the financial side, and I believe you ve...
by GerryL
Sat Sep 26, 2020 1:19 pm
Forum: Investing - Theory, News & General
Topic: Were you nervous when you retired?
Replies: 98
Views: 10573

Re: Were you nervous when you retired?

I had been planning my retirement for several years but ended up retiring a year early thanks to an offer with severance that almost completely covered the last year. It was a few months before my 66th birthday. I figured that it would take me a few weeks to settle into my new life. No such thing. I...
by GerryL
Thu Sep 24, 2020 5:11 pm
Forum: Personal Investments
Topic: Buckets in Retirement
Replies: 97
Views: 8017

Re: Buckets in Retirement

If I have ended up with any "buckets," it's cash and everything else. I probably keep more in cash than many, but as my cash stash grows (from dividends and RMDs), I move excess into a balanced mutual fund in my taxable account, thereby increasing the next round of dividends. Isn't a bala...
by GerryL
Thu Sep 24, 2020 2:31 pm
Forum: Personal Investments
Topic: Buckets in Retirement
Replies: 97
Views: 8017

Re: Buckets in Retirement

I looked at the bucket approach as a way to simplify money management in retirement. But then I realized that after setting up the buckets I would still have to manage moving funds to keep the buckets at the appropriate level. Found it more confusing than clarifying. It does seem hard to imagine ho...
by GerryL
Thu Sep 24, 2020 12:26 pm
Forum: Personal Investments
Topic: Buckets in Retirement
Replies: 97
Views: 8017

Re: Buckets in Retirement

I looked at the bucket approach as a way to simplify money management in retirement. But then I realized that after setting up the buckets I would still have to manage moving funds to keep the buckets at the appropriate level. Found it more confusing than clarifying. If I have ended up with any &quo...
by GerryL
Thu Sep 24, 2020 12:09 pm
Forum: Investing - Theory, News & General
Topic: What did your accounts look like in your 30's?
Replies: 89
Views: 8213

Re: What did your accounts look like in your 30's?

In my 30s? Ha. I started my 30s going to college on the GI bill. Then worked at low pay teaching English in Japan. By the time I hit my 40th birthday, I was back in the US in a "serious" job and was able to start an IRA, which at that time was a max of $2000/year. I knew nothing about inve...
by GerryL
Wed Sep 23, 2020 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Cost Basis problem transfer of assets from Vanguard to Schwab
Replies: 34
Views: 2724

Re: Cost Basis problem transfer of assets from Vanguard to Schwab

If you have kept a record of all the lots (sale dates and price paid), you should be able to tell the IRS which lots you sold and what their cost basis was. Pain in the wazoo, but if you have records, it's in your hands. My company stock got moved around a bit before I understood the concept of cost...
by GerryL
Wed Sep 23, 2020 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: donating effectively to avoid fees?
Replies: 6
Views: 527

Re: donating effectively to avoid fees?

I avoid participating in fund-raising drives like "Giving Tuesday" because you are asked to pay extra for processing fees. Charities may get extra $$ "awards" for having the most individual donations or other such competitions, but then you end up paying a flat fee on a minimal g...
by GerryL
Wed Sep 23, 2020 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Are you taking 2020 RMD anyhow?
Replies: 25
Views: 2217

Re: Are you taking 2020 RMD anyhow?

AAA wrote: Wed Sep 23, 2020 2:23 pm
cheese_breath wrote: Wed Sep 23, 2020 1:27 pm You can choose to take, or not take any amount. Maybe you should make your title non-RMD specific.
Huh?
I've been referring to 2020 withdrawals from my IRA as an un-RMD. (Since the "R" stands for "required," and it's not.)
by GerryL
Wed Sep 23, 2020 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Are you taking 2020 RMD anyhow?
Replies: 25
Views: 2217

Re: Are you taking 2020 RMD anyhow?

I executed my QCDs early in the year, before the RMD holiday was announced. Decided to keep those as-is rather than paying them back from other funds and claiming the donations as a charitable deduction. (As I noted elsewhere) I was planning to run some scenarios to see how much I should possibly ta...
by GerryL
Mon Sep 21, 2020 6:00 pm
Forum: Personal Consumer Issues
Topic: Spammer using my email as address
Replies: 17
Views: 1384

Re: Spammer using my email as address

I've been getting messages from my ISP indicating that they have blocked emails supposedly coming though my account "Considered UNSOLICITED BULK EMAIL or SPAM apparently coming from you." Actually, happening on several of my email address (same ISP). I figure that as long as their system i...
by GerryL
Mon Sep 21, 2020 5:51 pm
Forum: Personal Consumer Issues
Topic: Russian Language Disney movies?
Replies: 9
Views: 690

Re: Russian Language Disney movies?

If you buy Russian-language discs, you're going to have to buy new a player, also - one that supports Region C. See region codes here: https://www.ursinus.edu/live/image/gid/81/width/680/height/315/8430_br_region.rev.1442498681.png You might also be able to find region-free discs, in which case you...
by GerryL
Sat Sep 19, 2020 1:52 am
Forum: Personal Finance (Not Investing)
Topic: Without a requirement for RMD's in 2020, are you still going to make your QCD's?
Replies: 27
Views: 2043

Re: Without a requirement for RMD's in 2020, are you still going to make your QCD's?

Already did my planned QCDs for the year. While we wait for rules about undoing distributions during this RMD holiday, I am going to run some scenarios, including one that would have me redepositing money (from my cash stash) into my IRA and claiming the former QCDs as charitable deductions. I inte...
by GerryL
Mon Sep 14, 2020 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part C / SS statement has Part B premium deduction
Replies: 10
Views: 684

Re: Medicare Part C / SS statement has Part B premium deduction

Thanks for the responses, much appreciated! Slowly beginning to understand Medicare better... Might be worth your while to get a copy of Medicare for Dummies. Great guide for understanding the complexities of this complicated program. What I like most about it is that it doesn't just reprint the te...
by GerryL
Mon Sep 14, 2020 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Part D Medicare
Replies: 15
Views: 1198

Re: Part D Medicare

If she is " paying copays of many hundreds of dollars per prescription for many of these medications " she's most likely (1) enrolled in the wrong plan, (2) insisting on the brand name when a generic in available, (3) using a non-participating pharmacy, or (4) some combination of the othe...
by GerryL
Mon Sep 14, 2020 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Part D Medicare
Replies: 15
Views: 1198

Re: Part D Medicare

Advise your friend to seek help from her state SHIP program (see https://www.medicare.gov/contacts). The volunteers there can offer objective advice to navigate her choices. And, from what I understand, they will help run the Part D search for her when open enrollment opens if she is not comfortable...
by GerryL
Fri Sep 11, 2020 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: What does Medicare A do, if one is still working with health coverage?
Replies: 19
Views: 1164

Re: What does Medicare A do, if one is still working with health coverage?

One thing signing up for Medicare Part A does is make you ineligible to fund an HSA (Health Savings Account) if your employer health insurance is a qualifying high-deductible plan.
by GerryL
Wed Sep 09, 2020 8:22 pm
Forum: Personal Investments
Topic: Immediate Annuity Satisfaction or Regrets?
Replies: 66
Views: 4662

Re: Immediate Annuity Satisfaction or Regrets?

I feel all annuity investing is a mistake. A SPIA is the exception to that rule since it is in essence like buying a pension. Sorry, i do not agree. Only person a SPIA or any Annuity is good for is the insurance company that holds it and the salesman that sold it to you. Terrible investment. An ann...
by GerryL
Wed Sep 09, 2020 3:57 pm
Forum: Personal Consumer Issues
Topic: Please help me, need to buy a computer
Replies: 144
Views: 7992

Re: Please help me, need to buy a computer

I just got a new computer last week and am gradually getting it set up the way I want it. I opted for an HP all-in-one to replace my 10-year-old HP all-in-one. I ordered it directly from HP and, despite warnings about delays, it arrived in less than a week. It's good to understand what programs you ...
by GerryL
Wed Sep 09, 2020 3:39 pm
Forum: Personal Consumer Issues
Topic: Verizon FIOS - tell me what to expect please
Replies: 23
Views: 1674

Re: Verizon FIOS - tell me what to expect please

1) People around here who have FiOS are happy with it. (I happen to use a different provider). 2) It might be worth keeping faintly in the back of your mind that Verizon has been deemphasizing this part of their business since about 2015. I wouldn't factor it into provider choice, but do be aware t...
by GerryL
Wed Sep 09, 2020 3:32 pm
Forum: Personal Investments
Topic: Immediate Annuity Satisfaction or Regrets?
Replies: 66
Views: 4662

Re: Immediate Annuity Satisfaction or Regrets?

I opted to take two tiny pensions as annuities instead of lump sums. I took the first when I retired (age 66) because it would not grow. I waited until age 69.5 to take the second because it continued to increase. Together they add up to less that $700/mo, but they are a welcome supplement to the SS...
by GerryL
Mon Sep 07, 2020 12:49 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads cope with FOMO? [Fear Of Missing Out]
Replies: 256
Views: 15853

Re: How do Bogleheads cope with FOMO?

I focus on having Enough rather than having More. Ironically, by doing that and ignoring FOMO, I have ended up with More than Enough.
by GerryL
Sun Sep 06, 2020 3:16 pm
Forum: Personal Consumer Issues
Topic: Did your car insurance premium drop recently?
Replies: 37
Views: 2296

Re: Did your car insurance premium drop recently?

I pay my USAA auto insurance twice a year. They are providing COVID-19 discounts, so I keep getting emails notifying me that my account has been credited for rather tiny amounts. I don't drive that much even in non-pandemic years, usually logging ~7k miles on my car annually. And in retirement, mile...
by GerryL
Sun Sep 06, 2020 2:59 pm
Forum: Personal Investments
Topic: Taxable brokerage Account
Replies: 5
Views: 769

Re: Taxable brokerage Account

Except for some employer stock, my taxable account is in a 60/40 balanced index fund. I started adding money many years ago before I learned about why I might not want to have bonds in a taxable account. I have only added to it and not taken anything out (except for dividends at some times), and now...
by GerryL
Thu Sep 03, 2020 5:07 pm
Forum: Personal Investments
Topic: Convincing teenager to invest in Roth
Replies: 109
Views: 6124

Re: Convincing teenager to invest in Roth

I don't have teenagers yet, but I think it may be impossible to convince them that saving money now for when they're 65 is worthwhile. If they think 30 is old, how do you think they feel about 65? Yes, I know they can withdraw contributions before that, but that's not a practice I want to encourage...
by GerryL
Wed Sep 02, 2020 1:36 am
Forum: Personal Consumer Issues
Topic: Roku vs Amazon Firestick Content
Replies: 23
Views: 1839

Re: Roku vs Amazon Firestick Content

I have Roku. I understand that there is a lot of overlap between the two. I got a Roku because it has apps for several streaming services I wanted to be able to access on my TV. Most or all may also be on Firestick, too, but I didn't bother to check very deeply. I find that once you move past the we...
by GerryL
Sat Aug 29, 2020 2:22 pm
Forum: Personal Investments
Topic: Convincing teenager to invest in Roth
Replies: 109
Views: 6124

Re: Convincing teenager to invest in Roth

You made the offer. He takes you up on it or he doesn't. You don't really need to negotiate. Try again next year.
by GerryL
Sat Aug 29, 2020 2:05 pm
Forum: Personal Consumer Issues
Topic: First time considering AirBnB or VRBO
Replies: 23
Views: 1746

Re: First time considering AirBnB or VRBO

I used VRBO/HomeAway once 5 years ago. It was a little scary since it my my first such rental. A few glitches, but I learned how to do it going forward. Since then I have used AirBnB several times in US and France without any problems. Sometimes a place to myself and sometimes with the host. I stick...
by GerryL
Fri Aug 28, 2020 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Separating Auto/Homeowners Insurance to Save Cost
Replies: 5
Views: 399

Re: Separating Auto/Homeowners Insurance to Save Cost

A few years ago I decided to finally shop around for a new auto insurer after repeated, no-cause increases in the premium at Farmers. I opted to go with USAA. But when I asked about bundling my homeowners insurance, I found that it would cost me more because at Farmers I am grandfathered in on their...
by GerryL
Thu Aug 27, 2020 4:47 pm
Forum: Personal Consumer Issues
Topic: library ebooks not available for kindle?
Replies: 20
Views: 1408

Re: library ebooks not available for kindle?

One trick I discovered esp when traveling, is that I download all the books i want to read and set my kindle into "airplane mode" so that the book wont disappear from the kindle when it expires. They usually expires in 14 days. You may be able to adjust your checkout period. I use Libby t...
by GerryL
Tue Aug 25, 2020 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Poll of the retirees among us--spending in retirement
Replies: 76
Views: 6865

Re: Poll of the retirees among us--spending in retirement

71yo and >6 years into retirement. I have a spending "target" that was used to evaluate my retirement plan. (It does not include taxes and goes up each year for inflation.) So far I have never actually hit the target, and I keep a running tab of how much I fall short each year. That will b...
by GerryL
Fri Aug 21, 2020 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard’s online RMD tool updated to facilitate QCDs
Replies: 23
Views: 2865

Re: Vanguard’s online RMD tool updated to facilitate QCDs

She told me that the online tool for requesting an RMD (if you have not set up auto distributions) has recently been updated to make it easier to request QCDs. That's great news and I confirmed that it works for my case. Doesn't it still work even if Automatic RMD Distributions are set up? If it do...
by GerryL
Thu Aug 20, 2020 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: how often do you check your net worth?
Replies: 153
Views: 10023

Re: how often do you check your net worth?

I see it every time I start up Quicken. I do like seeing it. Once a year, I print out a screen shot of it and put it in the filing cabinet. If I croak unexpectedly, hopefully somebody will see it and think “oh, there’s another $50k over there in some account I didn’t know we had”. Same here. I open...
by GerryL
Thu Aug 20, 2020 5:45 pm
Forum: Personal Consumer Issues
Topic: Dental insurance for seniors
Replies: 29
Views: 2707

Re: Dental insurance for seniors

My long-time dentist hates insurance. He'll work with some insurance companies, but only grudgingly. I pre-pay for a year of preventative care, which includes discounts for other types of dental needs. I penciled out the costs for Delta Dental-type insurance coverage and his offer and it made sense ...
by GerryL
Thu Aug 20, 2020 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: How to quit a job for retirement
Replies: 84
Views: 9091

Re: How to quit a job for retirement

I gave many years of notice - talked about it with co-workers all the time. I think most people were interested in learning about the details of the process since they'd be doing it to some day. Except for the exact day, my retirement was driven by vesting rules, and I retired the month I vested. A...
by GerryL
Mon Aug 17, 2020 3:05 pm
Forum: Personal Consumer Issues
Topic: Of what use is an obsolete iPad?
Replies: 42
Views: 3437

Re: Of what use is an obsolete iPad?

You could use it as a music player - basically an oversized iPod Touch. This is essentially how I use my old iPhone 5c. I set it in a docking station and stream podcasts and foreign radio stations. (Although I also use it as a "container" for my French SIM and take it to Europe in non-Cov...
by GerryL
Mon Aug 17, 2020 2:58 pm
Forum: Investing - Theory, News & General
Topic: Won the game
Replies: 49
Views: 7705

Re: What does "Winning the Game" mean to you?

Winning the Game: Living the life I choose to live, there is very little (if any) chance I will run out of money. This encompasses not just day-to-day spending, but also infrequent large expenses (e.g., car, new roof) and unexpected major expenses that can be somewhat mitigated by insurance. That, f...
by GerryL
Mon Aug 17, 2020 2:14 am
Forum: Personal Investments
Topic: DAF recommendations?
Replies: 31
Views: 1675

Re: DAF recommendations?

My accounts are with Vanguard. At the time I opened my DAF (2014) I still had a 401k at Fidelity. I went with the Fidelity Charitable DAF for 2 reasons: 1) the lower minimum contributions and grants and 2) the marketing material was much more "accessible," that is, easier to understand. Th...
by GerryL
Wed Aug 12, 2020 3:59 pm
Forum: Personal Consumer Issues
Topic: Retiring this Friday. Now what?
Replies: 99
Views: 9440

Re: Retiring this Friday. Now what?

I retired about 6 years ago, but I prepped myself in the preceding years. Once I knew that my finances were in order, I focused on being mentally ready. I read up on living in retirement from various perspectives. I interviewed retired friends whose circumstances were similar to mine. I started a li...
by GerryL
Tue Aug 11, 2020 6:47 pm
Forum: Personal Consumer Issues
Topic: What YouTube channels do you watch?
Replies: 56
Views: 5274

Re: What YouTube channels do you watch?

hulburt1 wrote: Tue Aug 11, 2020 6:35 pm Heritage Wealth planning.
Have 150 videos'. A lot of good information
no trying to sell you something.
I tried watching those for a while. Found the presenter too hard to take. Nice guy, probably, but not a skilled presenter.
by GerryL
Tue Aug 11, 2020 2:55 pm
Forum: Personal Consumer Issues
Topic: What YouTube channels do you watch?
Replies: 56
Views: 5274

Re: What YouTube channels do you watch?

In the evenings I usually plop down in front of the TV and check out what YouTube is recommending for me. Sometimes I change up the recommendations with a search. And if there is a channel that I want to keep my eye on, I may subscribe. My subscriptions generally cover travel/cruising (Tips for Trav...