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What does 150% mean? I've seen others say things like this, but it makes no sense to me. If success is not running out of money, then how can you ever do better than 100% Do you mean 1.5 times the amount of money that would yield 100% success rate in something like firecalc or what...

I had exactly the same experience with Bank of America. Received an email stating my new card was on it's way. No other info. I don't have a problem with contactless, but I was irritated with the 2+ hours I had to spend with BOA on hold/talking to figure out why they were shipping a new card...

Another consideration is the potential effect your 401(a) may have on your social security benefits. If this plan replaces social security contributions, then you will be subject to WEP and GPO rules at retirement. These provisions have the potential to mostly erase the additive benefit of...

That's true, I specified (years) in my original comment. Longevity tables give you distributions for the population. Once we start talking about an individual, the tables can become less useful for prediction than the details of that individual's health. The older you are, the more true this...

I missed it if someone already made this point, but I think Grayhare's statement that they likely only have 8 yrs left to live is the most critical piece of information in the problem. When your maximum remaining lifespan gets short, prediction of the lifespan becomes more certain (in years)...

Just a follow up. I plugged the two choices I mentioned into a spreadsheet because I was curious how different they were. Assumed all interest/payments happened at the end of each year. Pay it over 10 years, assuming 12% tax and 4% returns. Total cost (tax+interest) at the end of 10 years is...

I guess the way I'd analyze it would be to just compare the total cost of the two strategies (pay all now vs pay in installments). Back of the envelope, if you pull the 200K you'll pay taxes on all of it now, but you won't pay interest on the loan. If you can stay in the new 24% bracket...

Which effectively destroys cost basis tracking. If I sell shares and they are taxed at a cost basis different than their real cost basis, my next sale will also need to be done at a cost basis different than the one that is tracked for that next lot.

Another consideration is whether continued participation in the defined benefit plan carries additional benefits like access to subsidized health care, etc. Also note that vesting schedules for additional benefits may be different than the vesting schedule for employer contributions. These...

The hand wringing over medical costs perplexes me. If you consider other areas of the economy where prices are outstripping inflation, they have a major factor in common with medical care: Significant portions of the costs are paid with other people's money. (e.g. College) Disconnect the...