Buz Livingston

Comments:

• One of the best stories on this website

  Post: He Sold Staples

  Link to comment from January 24, 2024

• The OP lives in Florida, and believe it or not, Florida has strict suitability requirements for all annuity contracts.

  Post: A Taller Ladder

  Link to comment from December 13, 2023

• Unfortunately, when you cash the annuity in, you realize all income in a single year and it could push you into a higher tax bracket and a higher IRMMA Medicare premium.

  Post: A Taller Ladder

  Link to comment from December 13, 2023

• I'm 68 next month, and I'll take my SS benefit at age 69, maybe a few months sooner. and my wife will begin benefits at age 67 (Jan 2024) I've been a practicing CFP for over twenty years, and taking SS benefits 62-64 was sub-optimal for people who live into their 80s. In addition to pretty women, my wife's family has a history of longevity. I ran some maximization exercises, and here's what I found. If I live to 83 and she lives to 86, she should have taken her benefit at age 65 and me next month, But if she lives to 90 and me to 85, she should have started at 66 with me delaying to age 70. Of course, if we both live until our 90s, waiting until age 70 maximizes benefits. Delaying SS allowed our benefits to grow, and we were able to do Roth conversions while in a lower bracket. Discount what friends say about taking SS early. Unless you can't work or you need the money for living expenses, I get it, but if you live long enough you leave money on the table.

  Post: Searching for When

  Link to comment from December 4, 2023

• We wash baggies, too, AND reuse plastic food containers. As far as home repairs, I'm only allowed to work outdoors. Divorce is expensive.

  Post: Frugality Has a Cost

  Link to comment from November 7, 2023

• The Four Tees of Rental Property:

  • Time
  • Tenants
  • Trash
  • Toilets
  If you can't deal with these then you're better off not owning rental property.

  Post: Don’t Get Catty

  Link to comment from August 22, 2023

• As parents with an adult child going thru a divorce, I'm ecstatic we can help.

  Post: When to Give

  Link to comment from July 29, 2023

• Midway thru my third decade as a Florida resident, rest assured the Florida Man stereotype is accurate albeit gender-neutral. For example, we have Confederate battleflag bikinis. For long-time homeowners, property taxes aren't burdensome. We paid less than $2500 last year on a home Zillow "says" is worth 1.4 million.

  Post: Seeing the Benefit

  Link to comment from July 29, 2023

• Listen to your wife. It's helped me.

  Post: Moody About Money

  Link to comment from July 27, 2023

• I use a water bottle daily but if it runs out bottled water is better than a soft drink. Sometimes at a bar, I'll get a bottled water instead of a beer.

  Post: What everyday purchase do you consider most overpriced?

  Link to comment from June 3, 2023