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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

    • Ahh, the joy of definitions in the IRC. They got you either way.

      Post: Taxing Social Security benefits

      Link to comment from August 8, 2026

    • Sorry, I said income taxes, thought I'd changed it to FICA. Your deferred comp was not taxed when you made the deferral, but was subject to the FICA rules. That's just a timing issue.

      Post: Taxing Social Security benefits

      Link to comment from August 8, 2026

    • Why? You have already paid income tax on the FICA taxes over the years. That would be double taxation.

      Post: Taxing Social Security benefits

      Link to comment from August 8, 2026

    • You need to compare the total cost your pay for the combination of drug costs and premiums for the plan. Please go go Medicare.gov and click the drop down "Health and Drug Plans/Find Health and Drug Plans. This is the Medicare Plan Finder and may be the best thing the government has ever provided since it will provide the total costs for your specific mix of prescriptions under all available plans in your area. It even sorts the lowect cost plan on top. Humira is a biologic, so there is no generic, but there are interchangeable biosimilar drugs such as Cyltezo, Amjevita, Hadlima, Abrilada, and Simlandi that you might ask your provider about.

      Post: 2025 and Medicare Rx

      Link to comment from August 1, 2026

    • Fidelity has a simple setting to provide an alert to the Fidelity staff to contact the customer first. Does it work - who knows? Schwab does not have an option and is slow rolling any res ponse to the issue. The question really is how many of these thefts really occur? As a CPA, I am trained to be skeptical, but at what point is the additional oversight/system/process/armarment worth the cost to prevent the issue? Your best tool is being diligent, use the best tools avialble, guard your accesss tools and enjoy life.

      Post: Can we be completely safe?

      Link to comment from July 25, 2026

    • My dad purchased tickets from a scalper for one game in both the 1967 and 1968 World Series with the Cardinals. Years later he told me he paid $25 for each ticket. Times change. FYI - The 1968 game was a blowout for Detroit, 13-1 I think. The upside, I saw Roger Maris' last home run.

      Post: FIFA Financials

      Link to comment from July 25, 2026

    • Time is the currency we know will run out, so it is the most valuable.

      Post: The Paradox of Wealth

      Link to comment from July 18, 2026

    • My wife & I stopped celebrating with cards and flowers in the 80’s. Useless.

      Post: Exercising true frugality 

      Link to comment from July 4, 2026

    • Concentration risk is real. I would prefer to invest in an S&P 493 fund - the S&P 500 without the Mag 7.

      Post: Does Vanguard Know Something?

      Link to comment from June 27, 2026

    • Yes, but so is the annuity company.

      Post: Automatic Income stream? How important to you?

      Link to comment from June 27, 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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