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Mark Eckman

I am a retired CPA who wants to spend more time with my grandsons than my portfolio. In retirement, i have realized change remains the only constant, and I have to adapt. My priorities: family, food and fun.

    Forum Posts

    Quotes

    12 replies

    AUTHOR: Mark Eckman on 7/2/2024
    FIRST: Matt Morse on 7/2/2024   |   RECENT: Jeff Bond on 11/18/2024

    Alternative to the 4% rule

    4 replies

    AUTHOR: Mark Eckman on 10/12/2024
    FIRST: bbbobbins on 10/12/2024   |   RECENT: Mark Eckman on 10/13/2024

    Comments

    • There has always been an issue of network vs out-of-network costs for ambulance services and the differences are huge. Your estimate for air ambulance is probably low. Since I drove myself to the hospital for my 2010 heart attack rather than pay $2,500 for the out-of-network ambulance to take me 3 miles, I can appreciate the benefit. But similar life insurance, only good if you use it.

      Post: Ambulatory Ambivalence

      Link to comment from February 28, 2026

    • Whats the present value of the premiums out till age 70?

      Post: The $9.95 scam…

      Link to comment from February 28, 2026

    • Key words... "if used prperly."

      Post: The $9.95 scam…

      Link to comment from February 28, 2026

    • There is no limit to the number of marketing ideas to sell you expensive products. This is #1 with a bullet on my list of over priced insurance. The $9.95 plans are whole life policies and there is minimal cash value until about 10 years out making the $9.95 policy one of the most expensive plans of all. Let's also not forget about the $1 plans for the new baby. Equally ridiculous costs for whole life insurance. When you leave a company with a life insurance benefit, you cna convert that to whole life. If you have a medical condition that prevents you from purchasing more insurance, this might be worth it. Otherwise, you are now paying for whole life instead of the term that your employer provided. An expensive trade off.

      Post: The $9.95 scam…

      Link to comment from February 28, 2026

    • Two more items to add. Married couples have an additional tax benefit, the balance continues in the same form to the survivor. The tax advantages and compounding continue. But when the surviving spouse dies, whoever inherits the balance will be subject to ordinary income tax on the balance. I never reimbursed myself from the HSA until my wife died. Since then, I use the HSA to pay for the few medical bills I have and reimburse myself for my Medicare Part B premiums, so my kids won’t have a tax surprise. Remember to keep ALL your receipts for unreimbursed medical care. You can reimburse yourself at any time. So, let the power of tax-free growth work for you. I've had an HSA since 2004 and last March decided to buy a new to me vehicle. I simply dug out the HSA shoebox and found enough receipts to reimburse myself just a bit more than the price of the truck.

      Post: HSA Tips

      Link to comment from February 28, 2026

    • I believe the largest impact will be in more rural markets. Here in rural Iowa, we see companies offering the MA plans, but providers dropping from ALL MA plans. The impact will also hit those with a dual plan and simply push cost to local Medicaid programs.

      Post: Medicare Advantage- heads up‼️

      Link to comment from February 1, 2026

    • I bought a 2023 Honda Ridgeline last year with funds from my HSA. That was a splurge, but I'm very pleased. And since it has all the new safety features, including Automatic Emergency Braking, my car insurance premium went down.

      Post: Spending Without Guilt: An Overlooked Retirement Skill

      Link to comment from January 24, 2026

    • I paid off our last mortgage with a rate of 2.875%. The peace of mind is fantastic. But where do you consistently find that 11% return? I beleive much of that peace of mind comes from not needing to find that 11% return to make the house payment.

      Post: The $8,000 Cost of Peace of Mind

      Link to comment from January 24, 2026

    • One hidden benefit in Medicare is a program to provide "extra help" to Medicare beneficiaries for prescription drugs. This Low Income Subsidy (LIS) is applying to more and more people each year. That is part of the uncontrolled cost of medical care that drives the Medicare Part B premium. You should assume the Part B premiums will continue with high increases for years to come. Actuaries are using rates of over 8% for current projections. So the 9% increase in 2025 is not unexpected.

      Post: Social Security is not going bankrupt, but that is not the full story

      Link to comment from January 24, 2026

    • No. Nothing in the tax law says you hae to spend the full RMD. It's just the amount you withdraw, and in my case, place in my taxable investment account. I use an "in kind" transfer so I have the same investments. To prevent being a forced seller in the event of a 20% loss, I have a cushion of 2 years expected withdrawals in money market funds. Does that bring down my returns, yes. but it gives me substantial peace of mind.

      Post: RMDs, account withdrawals, 4% simplified- MAYBE?

      Link to comment from January 17, 2026

    Articles

    Measuring My Money

    Mark Eckman   |  Feb 20, 2024

    I KNOW FOLKS WHO consider their income to be the best measure of their wealth. Income, however, doesn’t gauge whether you’re making headway toward financial independence.
    What does? My financial statement provides everything I need to measure my progress. At the end of each December, I gather the dollar amounts for my assets and liabilities, and assemble the details on a spreadsheet that compares my current standing with prior years. If you’re inspired to do the same,

    Rx for Future Pain

    Mark Eckman   |  Oct 10, 2023

    HEALTH SAVINGS accounts (HSAs) were introduced in 2003, and have since become commonplace in employee benefit plans. My experience with HSAs dates to 2004, when my employer offered $400 in one-time seed money as an incentive to sign up.
    HSAs differed from existing health-care flexible spending accounts, and offered some features I preferred. To me, the HSA’s most appealing feature was that I controlled the money. There’s no “use it or lose it” rule,

    Left With the Details

    Mark Eckman   |  Aug 28, 2023

    MY WIFE AND I PLANNED our retirement using several standard assumptions, including how long we might live. Dorothy was healthier than me, so we assumed I’d be the first to go. But on June 30, she died suddenly, and I was the one left to deal with the fallout—including the many pesky, practical details.
    Those details were bureaucratic and technical, and it didn’t take long to complete them. Dealing with the funeral home, Social Security and various financial institutions was straightforward.

    No Fixed Address

    Mark Eckman   |  Feb 7, 2023

    THE BEST DESCRIPTION for my career would be “corporate vagabond.” I moved the family six times to five different states over 42 years.
    Because we never settled down in one place, my wife and I spent 15 years visiting potential retirement locations. We visited sprawling metropolitan areas, small towns, retirement communities and the town where we both grew up. We also considered the areas where we’d lived, but nothing appealed to us.
    One evening,

    Letter Grades

    Mark Eckman   |  Mar 12, 2020

    WHEN YOU SEE an advertisement, you expect some hype. Ads for investment newsletters are, alas, no exception.
    Sometimes, you hear about their unique investment process or how the newsletter regularly beats the market. Some offer one-sentence testimonials from happy subscribers. The message: You, too, can enjoy the benefits of their secret methodologies for a low, low price.
    Yes, the ads are undoubtedly compelling. But you need to separate the hype from reality. Fortunately, Hulbert Financial Digest does just that—by tracking the performance of investment newsletters.

    Missing the Target

    Mark Eckman   |  Nov 27, 2019

    USE THE RIGHT TOOL for the job and you’ll get the best result. If you need to connect two boards, you could use a hammer and a nail or a screwdriver and a screw. Either methods work—and they’re certainly better than banging in a screw with a hammer, which I’ve seen tried. It was not effective.
    Participants in 401(k) plans, alas, display similar behavior with target date funds, or TDFs. A TDF offers a diversified portfolio in a single fund,

    Alphabet Soup

    Mark Eckman   |  Oct 28, 2019

    WHEN YOU NEED expertise, you hire an expert. Water leak? Call a plumber. Electrical issue? Call an electrician. But when it’s a financial issue, the choice may not be so clear. Do you go to a CKA, a GFS or maybe a C3DWP? Chances are you haven’t heard of these designations.
    I have 10 letters in my name. I also have 10 letters after my name: CPA, CISA and MBA. What do they mean?

    Financial Pilates

    Mark Eckman   |  Oct 18, 2019

    NOTHING COMPARES to the human body when it comes to the combination of strength, flexibility and control. Build a strong core, and the possibilities are limitless. Through the discipline of Pilates, you can strengthen your core, while developing flexibility and control. It’s a wonderful tool, but one that’s underutilized.
    The same can be said for health savings accounts, or HSAs, which can be funded if you have a high-deductible health plan. With an HSA,

    Giving Voice

    Mark Eckman   |  Sep 6, 2019

    “WE NEED TO TALK.” How many relationships have ended with those four words? They’re a verbal cue to take the news calmly and move on with life. But I would guess just as many relationships have ended without any words or possibly with harsh words. That’s what happens when we don’t talk about our relationship—or about our financial situation and financial plans.
    A few years ago, my wife used those four words after I announced I was reducing our life insurance.

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