Recent content by firewhen

So after these responses I went ahead and charged my February invoice and confirmed it codes as CVS pharmacy and I got the 3%. I had been using Fidelity Visa so the extra 1% will be worth about $100 annually. Regarding missing a payment, we pass CVS almost daily and I like to use their blood...

I can do this and am wondering if it would count as a drugstore charge and get me 3% back using Chase Freedom. Does anyone do this and know whether it gets coded through CVS as a drugstore charge or as Aetna and an insurance payment?

Wow that made all the difference. By taking today's payout at 67 and 70 and upping it by the 3% the 3 scenarios are flat by age 90 even with the 9% compounded growth. Changing it to 7% and they are flat by 85. So that simple fix has me rethinking the whole thing. May make sense to wait until...

THANK YOU. I made the updates so everyone can see my assumptions and what I did. Granted there is risk in the portfolio return, but even dropping from 9% to a much lower rate still brings a higher accumulation at 62. There are other considerations as well, but I still find this intriguing and...

I am better with numbers than technology. Anyone know an easy way to do this? Cant follow the online solutions.

Looking at taxability is a good point. It deflates all 3 scenarios, but on a relative basis. Taking it at 62 still beats 67 by half million and 70 by almost one million. Absolutely returns will vary over time. Would need to drop the compound return to 3% for it to be a wash. But...

Just from a financial standpoint, would taking social security at 62 and investing it and not touching it yield around $1 million in additional lifetime assets compared to 67 or 70? This seems to good to be true. Assumptions are that it is not needed and could be squirreled away indefinitely...

I did speak to Vanguard before I made the transfer, not expecting anything as I never heard of them offering a bonus to get new money let alone retain money. They were nice but said they did not offer bonuses.

My 401k was already at Fidelity and I transferred it to an IRA after I retired. They would not give me a bonus for that transfer since they already had that money but I do have a dedicated rep. We have spoken a bit and he offered me a bonus to move my funds from Vanguard. The good thing is it...

Who cares what day of the week it is Might sound trivial, but for decades, everything was Friday and the Weekend, and Monday and the early part of the week were so hard. It really, truly does not matter now. :laugh: It is so freeing and liberating. Monday, Friday they are indistinguishable...

Not even sure why I am at this juncture. After a lifetime of LBYM, prudent money management and sticking with index funds at Vanguard and Fidelity, we have amassed a portfolio far in excess of what I imagined or need. Fast forward to today and after attending some seminars (probably a mistake)...

How would this affect any subsidy? Would we still get a 1095A for the school plan?

Yes one will be a silver policy and the other bronze because of anticipated spend. I looked at what the agent wrote me and I misspoke a bit. There would be one marketplace account in my name with 2 separate policies. Sounds like this should not upset the subsidy.

If it makes sense to have a separate policy for our adult dependent DD18 would this have any bearing on the subsidy? Both would still be in my name, and there would be one family policy for DW and I, and an individual policy for DD. Would the subsidy be the same as if we had a single family...