Search found 3091 matches

by GerryL
Mon Aug 10, 2020 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: For those that have taken a break from work... [Military to civilian career change]
Replies: 17
Views: 1540

Re: For those that have taken a break from work... [Military to civilian career change]

Having gone through several transitions, although none quite like the one you describe, here is my suggestion: Keep your hand in by scheduling some time each week to network and do ongoing research in your industry. Make it a part-time job. As you know, the world will not stand still while you take ...
by GerryL
Sun Aug 09, 2020 10:03 pm
Forum: Personal Investments
Topic: Newly retired seeking an investment & cash flow plan
Replies: 18
Views: 2095

Re: Newly retired seeking an investment & cash flow plan

Another resource to look at is the book How to Make Your Money Last: The Indispensable Retirement Guide by Jane Bryant Quinn. Look for the most recent version.
by GerryL
Thu Aug 06, 2020 1:14 pm
Forum: Investing - Theory, News & General
Topic: What happens if you run out of money in retirement?
Replies: 175
Views: 15853

Re: What happens if you run out of money in retirement?

at 85? I wouldn't care - that sounds like a long-lived life. Sorry, I'm 86 and I care and I haven't changed a heck of a lot on likes and dislikes and wants and needs. I bought a new car last December and a new AC and Furnace this summer and other stuff. I still eat and drink (plus eat in restaurant...
by GerryL
Wed Aug 05, 2020 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Accounting for CC cash back in personal budget
Replies: 41
Views: 2333

Re: Accounting for CC cash back in personal budget

If I take cashback as cash -- e.g., Costco Visa annual cashback -- I just set it aside for gradually putting in my wallet and don't even enter it into Quicken. The amounts are not so significant that I feel a need to track it as income. If something comes into an account as a credit, I categorize it...
by GerryL
Tue Aug 04, 2020 2:08 pm
Forum: Investing - Theory, News & General
Topic: What happens if you run out of money in retirement?
Replies: 175
Views: 15853

Re: What happens if you run out of money in retirement?

I would hope that I notice that I am in danger of running out long before I actually run out. This is the real answer. I would take some serious steps before completely running out of funds. Gill Few people suddenly wake up and realize they have run out of money, but there are, sadly, instances of ...
by GerryL
Mon Aug 03, 2020 10:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard "sunsetting" CFP consultations
Replies: 141
Views: 13281

Re: Vanguard "sunsetting" CFP consultations

So, no more Flagship level? I have noticed that the descriptions of their different levels have become rather wishy-washy. My Flagship rep disappeared "temporarily" almost 2 years ago. In the past I have had a VG CFP run my plan to see how it held up at a specified spend level. So, is this...
by GerryL
Sat Aug 01, 2020 6:32 pm
Forum: Personal Investments
Topic: Withdrawal for Non-retirement Accounts
Replies: 4
Views: 466

Re: Withdrawal for Non-retirement Accounts

mrsmith, My "technique": I have 3 accounts w/ Vanguard IRA, Roth IRA and taxable (i.e., not tax-advantaged for retirement). That last, which is in a balanced index fund, is where I put extra $$ for long-term growth. For years, while I was working, I had dividends set to auto-reinvest and j...
by GerryL
Thu Jul 30, 2020 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard's Automatic RMD Service, QCDs, and Other Withdrawals
Replies: 52
Views: 3384

Re: Vanguard's Automatic RMD Service, QCDs, and Other Withdrawals

Can anyone answer this. For the Vanguard automatic RMD service, can they take the RMD from any mutual fund or ETF in your account, or only from Vanguard mutual funds? Gary, I don't know the answer to your question, but you could always move the amount of your RMD from various funds in the IRA into ...
by GerryL
Mon Jul 27, 2020 3:34 pm
Forum: Investing - Theory, News & General
Topic: Why isn't Social Security like a deferred annuity?
Replies: 30
Views: 2675

Re: Why isn't Social Security like a deferred annuity?

The process of putting money into SS is not like a deferred annuity. But the process of getting it out is much like an annuity. A COLA'd single-premium annuity.
And it is by its nature "deferred."
by GerryL
Sun Jul 26, 2020 5:57 pm
Forum: Personal Consumer Issues
Topic: Mattress toppers....
Replies: 33
Views: 2000

Re: Mattress toppers....

*Disposing of a retired topper can be a challenge. I've used a utility knife to cut and tear them up into smaller pieces that fit in the trash bin. But that can be a little messy and it takes a few weeks to get them out of the house. That's what I have done. When I bought the second one, I asked at...
by GerryL
Sun Jul 26, 2020 3:41 pm
Forum: Personal Consumer Issues
Topic: Mattress toppers....
Replies: 33
Views: 2000

Re: Mattress toppers....

I've been keeping my old Simmons mattress going with a 3" memory foam topper ... for a bunch of years now. But unlike your situation, I went with the topper because my bed was no longer giving me the support I wanted. If I start waking routinely with a sore back, that's the sign to replace the ...
by GerryL
Fri Jul 24, 2020 1:35 pm
Forum: Personal Investments
Topic: Intel sell or hold NOW sold.
Replies: 71
Views: 6479

Re: Intel sell or hold NOW sold.

Nice thread to revisit. OP sold on May 1 - open 58.83 | high 59.32 | low 57.31. Today Intel is down to $50.71 as I write this. A few weeks ago INTC was going up and was approaching 62. With no RMDs this year, I figured I'd sell some, and I put in a limit order for ~65. Then it went down. Then it st...
by GerryL
Wed Jul 22, 2020 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended Medicare Resource Materials?
Replies: 9
Views: 492

Re: Recommended Medicare Resource Materials?

I'm a big fan of Medicare for Dummies. Bought my own copy after perusing the one in the library. I found that many resources simply copied the text that was available on the official Medicare site, but MforD did a better job in explaining the complexities in different language. And I like the grids....
by GerryL
Tue Jul 21, 2020 1:47 pm
Forum: Investing - Theory, News & General
Topic: Tips for staying the course
Replies: 10
Views: 737

Re: Tips for staying the course

With everybody telling us how much the market is overvalued and how surely it will fall drastically, Here are a couple of tips that will help you stay the course Imagine the worst case scenario - spy down 50 % or even 75 % and calculate your portfolio. If that’s a number you feel ok with to survive...
by GerryL
Sat Jul 18, 2020 1:25 pm
Forum: Investing - Theory, News & General
Topic: Retirees, share your epiphanies..
Replies: 126
Views: 15537

Re: Retirees, share your epiphanies..

Wilderness Librarian wrote: Sat Jul 18, 2020 9:16 am
Keenobserver wrote: Fri Jul 17, 2020 1:28 pm Does anyone here regrett not having kids, or not havijg enoguh kids ?
Medicare age. Zero kids. Zero regrets. This is one of several reasons I bought long term care insurance when I was in mid-50s
We librarians seem to think alike.
by GerryL
Fri Jul 17, 2020 2:27 pm
Forum: Investing - Theory, News & General
Topic: Retirees, share your epiphanies..
Replies: 126
Views: 15537

Re: Retirees, share your epiphanies..

Does anyone here regrett not having kids, or not havijg enoguh kids ? Solo. No kids. No regrets. Regret about anything you cannot change is a waste of time, so I really, truly do not think about "what might have been." EDIT: But in answer to the original question, and reiterating what oth...
by GerryL
Fri Jul 17, 2020 2:19 pm
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 267
Views: 31856

Re: What surprised you the most once you retired?

All the above is a textbook symptom of becoming inefficient and lazy. When you have too much time without much to do, you become less efficient and it is difficult to finish anything because you don't have any sense of urgency. Your frustration with unfinished tasks makes you feel busy, i.e., short...
by GerryL
Thu Jul 16, 2020 10:44 pm
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 267
Views: 31856

Re: What surprised you the most once you retired?

Anyway, my biggest surprises: How many people are around 9-5. Go to a movie theater, a cafe, or a grocery store at 2pm on a Tuesday and....it isn't "full" but I'm always a bit surprised how many other people are there. I always wonder....are all of you early retirees? House-spouses with k...
by GerryL
Thu Jul 16, 2020 8:43 pm
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 267
Views: 31856

Re: What surprised you the most once you retired?

How quickly I adapted. I thought it would take a few weeks, but it was more like fifteen minutes.
And how quickly time passes. I recently celebrated my 6th anniversary in retirement. I have to keep doing the math, because it feels like it can't be more than three years.
by GerryL
Sat Jul 11, 2020 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Switch from Medigap F-HD to G-HD?
Replies: 5
Views: 556

Re: Switch from Medigap F-HD to G-HD?

... On the other hand, I do expect that the lowest cost Plan G-HD may *eventually* be cheaper than the lowest cost Plan F-HD, due to the growing difference in age-risk pools. When that happens to any significant extent, I will likely do a one-and-done switch to Plan G-HD. (I would not expect to swi...
by GerryL
Fri Jul 10, 2020 9:32 pm
Forum: Personal Consumer Issues
Topic: Why isn't the Kindle edition of "Hamilton: The Revolution" compatible with my Kindle Oasis?
Replies: 8
Views: 618

Re: Why isn't the Kindle edition of "Hamilton: The Revolution" compatible with my Kindle Oasis?

This doesn't answer your question but we received the Hamilton book as a gift and it is a great coffee table book. I'm surprised there's a Kindle version. I think this DOES answer the question. A book with an emphasis on photos is not going to be good for an e-ink experience. Just like National Geo...
by GerryL
Fri Jul 10, 2020 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Switch from Medigap F-HD to G-HD?
Replies: 5
Views: 556

Switch from Medigap F-HD to G-HD?

Need help thinking this through: Is it worth the effort to switch from a Medigap F-High Deductible plan to a G-HD. I live in Oregon, where in your birth month you can switch to a different Medigap plan at the same or lower level. I checked my insurer’s rates and found that for my category in 2020, t...
by GerryL
Fri Jul 10, 2020 4:46 pm
Forum: Personal Consumer Issues
Topic: Tip Dental Hygienist for Teeth Cleaning? Thanks everyone.
Replies: 72
Views: 5247

Re: Tip Dental Hygienist for Teeth Cleaning?

Really? Never heard of such a thing. I'll be interested in seeing how others respond.
by GerryL
Fri Jul 10, 2020 4:42 pm
Forum: Personal Consumer Issues
Topic: What are the large uninsured expenses in retirement?
Replies: 69
Views: 4220

Re: What are the large uninsured expenses in retirement?

If you intend to travel in retirement, you will need to decide whether to insure trips that involve a large layout of money for interruption/cancellation and medical incidents that could occur when you are out of the country. So far I have been insuring my trips, but I have not yet had a need to us...
by GerryL
Fri Jul 10, 2020 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: what do you look for when shopping around for home insurance?
Replies: 12
Views: 956

Re: what do you look for when shopping around for home insurance?

Since you are in CA, I will respond. I go with Hartford--with the dreaded AARP membership--to get the low deductible earthquake insurance. They are the only carrier that I know of that has this plan. Difficult to find reasonably-priced earthquake coverage these days, I learned when I was shopping a...
by GerryL
Fri Jul 10, 2020 1:49 pm
Forum: Personal Consumer Issues
Topic: What are the large uninsured expenses in retirement?
Replies: 69
Views: 4220

Re: What are the large uninsured expenses in retirement?

If you intend to travel in retirement, you will need to decide whether to insure trips that involve a large layout of money for interruption/cancellation and medical incidents that could occur when you are out of the country. So far I have been insuring my trips, but I have not yet had a need to use...
by GerryL
Wed Jul 08, 2020 2:18 pm
Forum: Personal Investments
Topic: Should I move this Dodge & Cox $$ to Vanguard?
Replies: 11
Views: 1032

Re: Should I move this Dodge & Cox $$ to Vanguard?

Think about what your goals are. Are you trying to simplify your portfolio as you get closer to retirement? Are you trying to reduce costs? Increase return? First decide what what you want to achieve. Then plan for how you can do it in the most tax-efficient way. I had a significant chunk of my port...
by GerryL
Wed Jul 08, 2020 1:58 pm
Forum: Personal Investments
Topic: Request comments on Lump Sum vs. Annnuity decision
Replies: 12
Views: 789

Re: Request comments on Lump Sum vs. Annnuity decision

One consideration in making this decision is the ability to ensure a guaranteed income stream that will cover your basic living expenses. I had three plans on which I needed to choose between lump sum and non-COLA annuity. I opted to take the two smaller (tiny, actually) amounts as annuities that to...
by GerryL
Tue Jul 07, 2020 2:00 pm
Forum: Personal Investments
Topic: Ally CD maturing
Replies: 30
Views: 2195

Re: Ally CD maturing

When I have a buildup of cash, I buy a 12-month Ally CD, about 3-4x a year. I aim to space them out, so that when one matures I can decide whether I will need a burst of cash in the coming quarter, for example, to help cover the balance of a planned vacation. If I don't see a cash need coming up bef...
by GerryL
Fri Jul 03, 2020 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Why do you invest and what are you investing for?
Replies: 22
Views: 1688

Re: Why do you invest and what are you investing for?

While working, I invested because I understood that just saving money and sticking it under the mattress would not be enough to secure a stable/comfortable retirement when I was no longer willing/able to work. Now retired, I continue to invest because I am aiming to live a long (healthy?) life and w...
by GerryL
Thu Jul 02, 2020 3:47 pm
Forum: Investing - Theory, News & General
Topic: Is investment a competition?
Replies: 43
Views: 2511

Re: Is investment a competition?

Huh, my assumption has always been that people choose to sell RSUs and spend them. If they are holding them, that can be a pretty impressive savings rate above and beyond retirement. Or sell the RSUs and reinvest the $$ in an index fund. That's what I should have been doing, but I held on to too ma...
by GerryL
Thu Jul 02, 2020 3:24 pm
Forum: Investing - Theory, News & General
Topic: Is investment a competition?
Replies: 43
Views: 2511

Re: Is investment a competition?

OP,
There are so many more variables than who "wins" at investing. Maybe it's time for you to read Jack Bogle's little book, "Enough."
by GerryL
Sat Jun 27, 2020 10:48 pm
Forum: Personal Consumer Issues
Topic: DVR for OTA TV
Replies: 71
Views: 4790

Re: DVR for OTA TV

In short: If you're willing to pay $250+, Tivo with lifetime subscription. Only does Tivo stuff, but does it really well, plug and play. If you're willing to pay $125+, hdhomerun with an Android TV stick. Also gets you YouTube, Netflix, Spotify, etc, etc. hdhomerun gives you more flexibility in the...
by GerryL
Sat Jun 27, 2020 8:22 pm
Forum: Investing - Theory, News & General
Topic: Take 2020 RMD just for QCD and estimated tax payment
Replies: 31
Views: 1664

Re: Take 2020 RMD just for QCD and estimated tax payment

Gill, That's an interesting option ...obviously I would have to look up the IRS code Most working people , if they're not subject to Withholding , have to pay a certain amount each quarter ....I don't know anything about the July 15th provision All estimated payments were deferred this year to July...
by GerryL
Sat Jun 27, 2020 3:36 pm
Forum: Investing - Theory, News & General
Topic: Take 2020 RMD just for QCD and estimated tax payment
Replies: 31
Views: 1664

Re: Take 2020 RMD just for QCD and estimated tax payment

I'm sure you realize that taking a distribution to pay your estimated taxes is a taxable distribution which you could avoid by making the payments from other funds. Gill The benefit of taking them through an IRA distribution is that you are having the taxes withheld and therefore do not have to fol...
by GerryL
Sat Jun 27, 2020 2:04 pm
Forum: Investing - Theory, News & General
Topic: Take 2020 RMD just for QCD and estimated tax payment
Replies: 31
Views: 1664

Re: Take 2020 RMD just for QCD and estimated tax payment

Please point me to the existing thread. I'm planning to take a portion of my 2020 RMD strictly for a qualified charitable contribution and estimated taxes ( since nothing of ours is subject to withholding ) This is pretty much what I am doing. Executed my QCDs early in the year before 2020 RMDs wer...
by GerryL
Sat Jun 27, 2020 12:33 am
Forum: Personal Consumer Issues
Topic: Face Masks
Replies: 23
Views: 4129

Re: Face Masks

I picked up a box at Costco on Tuesday. I've been making and buying various masks since this thing began, but frankly, the surgical-style masks are more comfortable than any of the fabric ones I've worn. I used to have to wear the surgical masks when I worked behind the scenes in the primate buildin...
by GerryL
Sat Jun 27, 2020 12:23 am
Forum: Personal Consumer Issues
Topic: DVR for OTA TV
Replies: 71
Views: 4790

Re: DVR for OTA TV

Some years back, someone on this site mentioned that Tivo sometimes had brief sales when they were selling off old models. I set up a Google news alert and, sure enough, one day I was notified about a sale on refurbished and new OTA Tivo DVRs with a lifetime subscription option. Paid out once and ha...
by GerryL
Tue Jun 23, 2020 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: IRS broadens rollover options for 2020 RMD distributions
Replies: 47
Views: 3403

NEWS: IRS pushed the 60-day rollover period for any RMDs already taken this year to Aug. 31

[Merged into existing thread on same topic in Personal Finance (Not Investing) forum- Mod Misenplace] For those of you who took your RMD early in the new year: The IRS on Tuesday announced that anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts no...
by GerryL
Mon Jun 15, 2020 8:02 pm
Forum: Investing - Theory, News & General
Topic: What famous investing quote reminds you of your investing style?
Replies: 150
Views: 7787

Re: What famous investing quote reminds you of your investing style?

Iorek wrote: Mon Jun 15, 2020 7:38 pm Don’t do something, just stand there
This. And "Nobody knows nothin'."
by GerryL
Mon Jun 15, 2020 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Change of Address choices for father w/ cognitive decline
Replies: 28
Views: 1365

Re: Change of Address choices for father w/ cognitive decline

My mom lived alone while she declined. I gradually took over her finances and was her fiduciary for SS. I found I needed to have her bills and such sent to me to make sure they did not disappear. One example: I was visiting once and she pointed to her Medicare bill (apparently premium for an Advanta...
by GerryL
Mon Jun 15, 2020 1:56 am
Forum: Investing - Theory, News & General
Topic: Frequency of Withdrawals in Retirement
Replies: 50
Views: 4318

Re: Frequency of Withdrawals in Retirement

If you will ever want credit again, the good folks only seem able to deal with monthly income. They don't want to hear about your assets. In response to a question "What is your income?" they especially do not want to hear "What ever I want it to be." I have chosen to take my RM...
by GerryL
Fri Jun 12, 2020 3:14 pm
Forum: Investing - Theory, News & General
Topic: Frequency of Withdrawals in Retirement
Replies: 50
Views: 4318

Re: Frequency of Withdrawals in Retirement

In a year where I've taken RMDs, I've taken those annually in November. I'll do a year's worth of federal and state tax withholding from those RMDs. If I need more than Social Security and RMDs, I'll just transfer a chunk from my taxable brokerage account, probably on a quarterly basis (I'm still n...
by GerryL
Wed Jun 10, 2020 2:59 pm
Forum: Personal Investments
Topic: A Prodigal Boglehead Returns (poorer)
Replies: 32
Views: 4911

Re: A Prodigal Boglehead Returns (poorer)

That is an interesting way to look at bonds. It did feel good to be able to do "something" by selling bonds and buying stocks if you need to scratch that itch! Next time you feel the need to "scratch that itch," go buy a tube of Hydrocortisone cream. And recite Jack Bogle's advi...
by GerryL
Sat Jun 06, 2020 8:52 pm
Forum: Investing - Theory, News & General
Topic: Letting go of actively managed funds
Replies: 15
Views: 1762

Re: Letting go of actively managed funds

I did VERY well with my IRA in Dodge&Cox Stock Fund for around 20 years. It was my first fund, and I picked it for the low ER. Didn't know about indexing. This was early 1990s As life went on, I got a 401k and I slowly learned more about investing and the Boglehead way. Eventually I was able to ...
by GerryL
Sat Jun 06, 2020 8:27 pm
Forum: Personal Investments
Topic: Retirees: what is your AA?
Replies: 80
Views: 4271

Re: Retirees: what is your AA?

Early 70s, retired 6 years. SS and tiny pension cover basic expenses. I am comfortable at 60/40 but won't fret if AA goes to 50/50. My financial plan supports an annual spending target that is more than what I have been spending.
by GerryL
Fri Jun 05, 2020 6:23 pm
Forum: Personal Consumer Issues
Topic: Anyone booking flights for 2021 travel?
Replies: 68
Views: 5676

Re: Anyone booking flights for 2021 travel?

nope definately not flying until there is a vaccine with mandate for everyone to take it. I seriously doubt there will be a mandate for everyone to take the vaccine in this country. Some countries might require some vaccine documentation for people coming from "certain" geographies, but I...
by GerryL
Fri Jun 05, 2020 4:29 pm
Forum: Personal Consumer Issues
Topic: Anyone booking flights for 2021 travel?
Replies: 68
Views: 5676

Re: Anyone booking flights for 2021 travel?

With all the posts about people not being able to get refunds for flights the airlines canceled there is no way that I would book tickets far in advance unless it was with points. ... Based on the train wreck going on here it will be interesting to see if foreign countries block Americans from entr...
by GerryL
Fri Jun 05, 2020 4:20 pm
Forum: Personal Consumer Issues
Topic: Comet Cleanser Not as Abrasive As Before
Replies: 13
Views: 1408

Re: Comet Cleanser Not as Abrasive As Before

Interesting about Comet, which my mom always used.
I've been using Bon-Ami for decades because it is recommended for Corning Ware, whereas Comet was said to be too abrasive. I feel comfortable using Bon-Ami on my smooth-top range.
Probably not worth switching now.
by GerryL
Fri Jun 05, 2020 4:13 pm
Forum: Personal Investments
Topic: Small pension - cash out or wait?
Replies: 8
Views: 510

Re: Small pension - cash out or wait?

This is what I did in a similar but not identical situation: Left company just after I was fully vested. I was in my 40s. They would not let me take the pension as cash, so I had to just wait. Figured that when I eventually retired I'd get ~$120/mo. So, probably chump change in a future budget. Over...