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Re: Elderly Mother in MI - Assisted Living transition

For what it's worth: In our area, there can be a great difference in the quality of personal care between most private pay homes and Medicaid homes. We are spending her money on the best care we can find. We sold her home, and the proceeds plus her savings, will pay for another 7 years of care in an...
by Gnirk
Sun Jan 25, 2015 12:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Elderly Mother in MI - Assisted Living transition
Replies: 10
Views: 1002

Re: Grandfather wanting to transfer portfolio to kids. Ques

Apparently your grandpa is willing to pay for LTC from his own pocket. Someone should talk to him about becoming MEDICAID eligible. You should accompany your mother to an elder care attorney----its time he gave his trust to an attorney. What say you? Are you serious with this post? Do you really be...
by Gnirk
Fri Jan 23, 2015 10:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Grandfather wanting to transfer portfolio to kids. Question
Replies: 67
Views: 3063

Re: Poll

Cremation, but interred in the ground because family (mom) already owns 4 cemetery plots (since 1949), and we can put two cremated remains in each plot. We refer to it as "The Family Condo". Kind of boring compared to what my friends have done: One friend, whose husband passed at 58 and wa...
by Gnirk
Thu Jan 22, 2015 2:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll [Cemetery or Cremation]
Replies: 20
Views: 698

Re: Parents spending on grandkids

Be happy that your parents are enjoying their retirement. It sounds like they have the means to do so. Be grateful they aren't like my parents, who also had very good retirement income and investments. My dad really wanted to travel, but my mother was extremely frugal and didn't want to spend the mo...
by Gnirk
Thu Jan 15, 2015 1:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Parents spending on grandkids
Replies: 23
Views: 1872

Re: Two Homes in Retirement?

A. Daughter may not stay in the area for long. Assuming she will attend College, she may be there for four years. After graduation, she will most likely leave the area for employment. B. Condos are not always easy to sell. Or to get financing, as previously mentioned. You will probably pay cash, but...
by Gnirk
Mon Jan 12, 2015 12:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Two Homes in Retirement?
Replies: 38
Views: 3490

Re: Moving ALL my accounts to Vanguard

My DH and I moved all of our investment accounts to Vanguard, and we're very happy.
by Gnirk
Sat Jan 10, 2015 9:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving ALL my accounts to Vanguard
Replies: 16
Views: 2158

Re: Vanguard Flagship

Re: customer service- I just finished my call to Vanguard Flagship, without delays or problems. After I went through voice verification, I was told my rep wasn't available, and talked to another rep who walked me through taking my first RMD. Also answered my many questions regarding other Vanguard b...
by Gnirk
Thu Jan 08, 2015 4:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Flagship
Replies: 5
Views: 1336

Re: Michael Kitces on long-term care insurance

A significant majority of insured end up using their benefit. Under such circumstances it's hard to imagine it being cost effective to use the insurance rather than just saving the money yourself. Again I say, "tontine." My mother has been in LTC for over 7 years. Her LTCI paid for four y...
by Gnirk
Wed Jan 07, 2015 10:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Michael Kitces on long-term care insurance
Replies: 17
Views: 2034

Re: Do you usually order beverage at restaurants?

I order only water, because I like it, and because I don't like to pay $2-$3 for tea or iced tea. In some cities in southern California, you only get water if you order it, under city mandate. (Though they aren't charging for it.........yet)
by Gnirk
Sun Dec 28, 2014 1:47 pm
 
Forum: Personal Consumer Issues
Topic: Do you usually order (not-free) beverage at restaurants?
Replies: 89
Views: 7634

Re: Fire Advisor & Simplify Mom's portfolio for long term ca

Can you transfer the account to Vanguard, in kind? If so, it will most likely cost you much less in commissions to sell some of those stocks. I assume you, and she, are happy with her Alzheimer's care facility? As for her life expectancy, that is the unknown. However, if she is otherwise healthy, sh...
by Gnirk
Fri Dec 26, 2014 3:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fire Advisor & Simplify Mom's portfolio for long term care?
Replies: 11
Views: 1005

Re: Why Is IRS Aksing For Information Update For Trust?

My mother receives the same letter from one of her stocks......every year. Every year she fills it out, with a note that because it is a revocable living trust, it does not need a separate EIN, and uses he SS#. And still she receives a letter the following year. :annoyed
by Gnirk
Mon Dec 22, 2014 12:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why Is IRS Aksing For Information Update For Trust?
Replies: 8
Views: 1400

Re: Series EE Bonds

Thank you.
by Gnirk
Mon Dec 22, 2014 1:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Series EE Bonds
Replies: 12
Views: 1819

Re: Series EE Bonds

I had 4 EE bonds, face value of $100 each mature a year ago. The maturity value of the bonds was $293.80 each, and of that, $243.80 was interest. Total value = $1175.20, total interest = $975.20. My tax bracket is 25%, so the taxes on the interest = $243.80. My mom has approximately $69,000 value of...
by Gnirk
Sun Dec 21, 2014 9:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Series EE Bonds
Replies: 12
Views: 1819

Re: Helping out family members

You sound like a compassionate and caring person to consider helping someone who has been cruel to you in the past. I guess I would want to know how this person came to this trouble? Otherwise you may be throwing good money after bad, and just postponing the inevitable. If you are asked for help, an...
by Gnirk
Mon Dec 15, 2014 9:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping out family members
Replies: 64
Views: 4704

Re: Suspicious House Odor

We've had that issue with a rarely, if ever, used shower in the downstairs bath. Running water into the drain for 5 minutes usually takes care of it.
I've also poured some white vinegar and baking soda down the drain.
by Gnirk
Mon Dec 08, 2014 8:26 pm
 
Forum: Personal Consumer Issues
Topic: Suspicious House Odor
Replies: 22
Views: 3148

Re: Who Paid for the wedding?

I was first married in 1966, and my husband's parents paid for the rehearsal dinner at the local Elks club, and my parents paid for our very modest wedding (less than $1,000, including everything), compared to today's standard weddings. My second marriage was in 1995, we paid for it, and because it ...
by Gnirk
Mon Dec 08, 2014 12:29 am
 
Forum: Personal Consumer Issues
Topic: Who Paid for the wedding?
Replies: 94
Views: 6696

Re: Anyone Had Experience with CIT Bank?

My DH has a CD with CIT, and I've had a CID with CIT.
Very easy.
by Gnirk
Sun Dec 07, 2014 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone Had Experience with CIT Bank?
Replies: 5
Views: 460

Re: Am I being cheap?

I didn't have an engagement ring for either of my marriages. The first one we were 21, and couldn't afford an engagement ring. However, I designed my wedding band and had it made by a local jeweler, which cost much less and was beautiful, unique, and one-of-a-kind. The second marriage, which occurre...
by Gnirk
Sat Dec 06, 2014 5:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 9211

Re: A question about Merriman's Buy & Hold Bonds

I live in a state which has no state income tax. I hold tax-exempt bonds and bond funds in my taxable account. I hold Taxable Bond Funds, both corporate and government (but not tax-exempt municipal bond funds) in my IRA. If I held those in my taxable account, I would have to pay Federal Income tax o...
by Gnirk
Wed Dec 03, 2014 8:33 pm
 
Forum: Investing - Theory, News & General
Topic: A question about Merriman's Buy & Hold Bonds
Replies: 10
Views: 868

Re: Valuation of EE Savings Bonds

I value them based on TD current value. I also keep in mind their after tax value.
by Gnirk
Wed Nov 26, 2014 11:17 am
 
Forum: Investing - Theory, News & General
Topic: Valuation of EE Savings Bonds
Replies: 48
Views: 4058

Re: Brother wants me to co-sign a house with him

I see no advantage to the house or the business, but I see a lot of potential liabilities. And when all is said and done, if things go wrong, the OP will be left holding the bag.
by Gnirk
Tue Nov 25, 2014 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Brother wants me to co-sign a house with him
Replies: 41
Views: 4156

Re: Bogleheads, anyone doing "Black Friday"

lululu wrote:I plan on staying home with my cat and reading novels, and celebrating Buy Nothing Day.


+1
by Gnirk
Mon Nov 24, 2014 1:33 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads, any "Black Friday" [recommendations]
Replies: 59
Views: 6387

Re: Bogleheads, anyone doing "Black Friday"

I've never shopped the day after Thanksgiving. However, I used to always shop the day after Christmas, buying gifts at deep discounts for the following year, but not any more. Now, I usually give "experiences", such as live theater tickets, or concert tickets, yoga classes, golf lessons, o...
by Gnirk
Mon Nov 24, 2014 1:25 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads, any "Black Friday" [recommendations]
Replies: 59
Views: 6387

Re: Jim Cramer dad & LTCI

I've heard too many stories like Jim Cramer's. It makes me so grateful for the experience we had with Genworth, though I'm sure ours may not be the typical experience. My mom's LTC policy was a Nursing Home only policy that restricted coverage to a skilled nursing facility, outlining how many hours ...
by Gnirk
Sat Nov 22, 2014 11:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Jim Cramer Dad & LTCI
Replies: 30
Views: 3803

Re: Standard questions on found stock certificate

Disney stock split in 1986, 1992, and 1998. So if he never sold the original shares, you have much more than 48 shares. 1986 split 4 for 1. 1992 split 4 for 1 1998 split 3 for 1. Today's share price is $89.10. But if he still owned them, he should have been receiving dividends. If he doesn't own the...
by Gnirk
Fri Nov 21, 2014 11:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Standard questions on found stock certificate
Replies: 10
Views: 786

Re: Today is Thanksgiving Day for my family

Happy to hear your kids are safe.
by Gnirk
Thu Nov 20, 2014 2:40 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Today is Thanksgiving Day for my family
Replies: 7
Views: 1566

Re: What temperature for house for long winter absence?

We live in the Pacific Northwest and leave for five months in fall/winter and set the thermostat to 60 degrees.
by Gnirk
Thu Nov 20, 2014 12:38 pm
 
Forum: Personal Consumer Issues
Topic: What temperature for house for long winter absence?
Replies: 54
Views: 7533

Re: Your favorite classic toys for kids

A stuffed Pooh Bear, the Game of Life, Monopoly, and for little kids Chutes and Ladders (if they're still around).
by Gnirk
Sat Nov 15, 2014 1:34 am
 
Forum: Personal Consumer Issues
Topic: Your favorite classic toys for kids
Replies: 89
Views: 5505

Re: Who is mailing Holiday Cards this year?

I still believe in sending cards and writing personal notes and thank you notes. I think all the electronics we enjoy these days have removed so much of personalized communication.

Texting "Merry Christmas" or Happy Birthday" seems so impersonal, but I know adults who do that.
by Gnirk
Sat Nov 15, 2014 1:32 am
 
Forum: Personal Consumer Issues
Topic: Who is mailing Holiday Cards this year?
Replies: 52
Views: 4547

Re: Obligation to Parents?

I come from an Asian background and my husband is white. My parents were frugal and managed to save up over a million for retirement on a blue collar salary. So yes, you could say there were responsible. However, due to my sibling basically defrauding them of all their money, and then some serious ...
by Gnirk
Thu Nov 13, 2014 2:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Obligation to Parents?
Replies: 77
Views: 4340

Re: Obligation to Parents?

I am worried that this thread is seriously off topic for the forum I will note that a few states are seriously expanding the legal expectation to support parents (I'm talking litigation not legislation) Dealing with the optimum methods of providing support is, I think a legitimate topic I think the...
by Gnirk
Thu Nov 13, 2014 11:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Obligation to Parents?
Replies: 77
Views: 4340

Re: When do you buy a new home computer?

With my Dell products, they slowed down or had other issues by the time they were five years old and I replaced them then. Now I have a MacBook, which I bought three years ago. My daughter's MacBook is about six years old now. I never thought I'd go for the Apple products, but now I'm all in. Just e...
by Gnirk
Sat Nov 08, 2014 5:29 pm
 
Forum: Personal Consumer Issues
Topic: When do you buy a new home computer?
Replies: 52
Views: 4770

Re: Brother involved with golddigger

How long have they been in this relationship? Unless it's been several years, frankly, naming her as executor, MPOA, and beneficiary raises a bright red flag for me. It also makes me think he may, and please don't take offense at this, have some early mild cognitive impairment issues. Because if thi...
by Gnirk
Fri Nov 07, 2014 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Brother involved with golddigger
Replies: 37
Views: 8619

Re: How do you wash your car?

We use a car wash that has felt "brushes", because we just can't manage it ourselves any longer.
by Gnirk
Fri Oct 24, 2014 8:58 pm
 
Forum: Personal Consumer Issues
Topic: How do you wash your car?
Replies: 143
Views: 7951

Re: Elder Law attorney (Trusts, Medicaid, nursing homes)

FYI: Often there are alternatives to nursing homes, which cost less and can provide higher quality and more personal care. My mother has dementia (never, ever thought she would have Alzheimer's) and has lived in a private care home for the past seven years. The care she receives is more personal tha...
by Gnirk
Fri Oct 24, 2014 8:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Elder Law attorney (Trusts, Medicaid, nursing homes)
Replies: 30
Views: 2131

Re: Do you regret buying your home?

No, but I regret that my husband insisted on building on a nearly half-acre lot and a house with an UPSTAIRS Master Bedroom, even after I explained to him that his severe arthritis was only going to worsen as he aged. And it did. Unfortunately, there are no main floor bedrooms to utilize. And he lov...
by Gnirk
Thu Oct 23, 2014 5:25 pm
 
Forum: Personal Consumer Issues
Topic: Do you regret buying your home?
Replies: 82
Views: 7384

Re: Gross Yearly Income needed in Retirement (Speculation)

We are retired and maintain a regular home and a modest snowbird home. Travel internationally maybe once every three years, but probably won't do more of that because of developing mobility issues. We fly across country to visit kids/grandkids every other year. And DH plays golf twice a week. Pretax...
by Gnirk
Tue Oct 21, 2014 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 13525

Re: Market Slide Percentages?

Starting in May I have been dollar-cost averaging at the rate of $10,000-$20,000 per month into the equity market from matured CDs in order to get my AA to 40 stocks/60 bonds.(These were part of a windfall in 2012), I have subsequently "lost" most of that due to the recent market declines....
by Gnirk
Thu Oct 16, 2014 9:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Market Slide Percentages?
Replies: 28
Views: 2134

Re: What Do You Keep In Your Bank Safe Deposit Box?

Jewelry and savings bonds.
by Gnirk
Mon Oct 13, 2014 8:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 39
Views: 2707

Re: What happens when there is no estate planning: reference

I was able to convince my mother to go to an attorney and draw up her will, Durable Power of Attorney for health care and financial, and Health Care Directive by telling her that I was doing this (true), because I wanted to be sure who would be making the decisions if something happened to me. For e...
by Gnirk
Mon Oct 13, 2014 10:49 am
 
Forum: Personal Finance (Not Investing)
Topic: What happens when there is no estate planning: reference?
Replies: 18
Views: 1176

Re: Couch Surfing

My daughter travelled Europe for 3 weeks by herself, and all but one of her stays in the six countries was through couch surfing. She said it was a great experience, she met wonderful people, and in turn has hosted a few at her own small condo in Seattle. Of course, she didn't tell me this until AFT...
by Gnirk
Thu Oct 09, 2014 4:00 pm
 
Forum: Personal Consumer Issues
Topic: Couch Surfing
Replies: 90
Views: 6148

Re: Things that you will not spend money on and most people

Bottled water, we have a Britta and fill our stainless water bottles from that. Much less expensive and doesn't fill up the land fill with plastic bottles. Fast "food"; it's cheap, but the long-term "side effects" aren't. Starbucks, or any other pricey coffee or latte drinks, tho...
by Gnirk
Wed Oct 08, 2014 10:17 pm
 
Forum: Personal Consumer Issues
Topic: Things that you will not spend money on and most people do?
Replies: 78
Views: 4264

Re: New B of A visa chip card, no pin needed?

Thank you for all the info. We are heading to Europe next fall, and I'd hoped this card would act like an EMV card. :annoyed
by Gnirk
Wed Oct 08, 2014 12:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: New B of A visa chip card, no pin needed?
Replies: 35
Views: 2814

Re: New B of A visa chip card, no pin needed?

"simply tell the merchant your card only requires a signature" Yeah best of luck with that.... The crap that sprouts from US banks is amazing on this topic. They need to catchup with the 1990's already. It's country specific...... It will work a lot of the time and other times you're just...
by Gnirk
Tue Oct 07, 2014 4:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: New B of A visa chip card, no pin needed?
Replies: 35
Views: 2814

New B of A visa chip card, no pin needed?

I just received my renewed Visa card from B of A. It now has a chip in it, which they say offers more security. However, it is still a "swipe" and sign card. The literature says that if we use it outside the U.S., to "simply tell the merchant your card only requires a signature"....
by Gnirk
Tue Oct 07, 2014 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: New B of A visa chip card, no pin needed?
Replies: 35
Views: 2814

Re: POA Reporting Requirements to Family

I have the durable power of attorney for my mother, both medical and financial.While I am not required to report anything to my sibling, I do confer on medical decisions, though I legally have the final say. I also keep detailed spreadsheets of income and expenses, which I haven't shared, other than...
by Gnirk
Sat Oct 04, 2014 11:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: POA Reporting Requirements to Family
Replies: 24
Views: 1768

Re: See both financial advisor and elder law lawyer for Mom?

With the OPs mother's level of income, she might wish to explore an alternative to SNF/Medicaid if/when she needs care. In our area, and many others, there are Adult Family Homes, licensed by the state to provide 24 hour care. It is less expensive than the nursing homes in our area. Some, as the one...
by Gnirk
Mon Sep 29, 2014 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: See both financial advisor and elder law lawyer for Mom?
Replies: 45
Views: 2736

Re: POLL: When I gift/will shares to my relatives, I expect

My parent gifts to my daughters each year, with the intent that they invest it in their Roth IRAs. Which they do.
If/when my daughters inherit my investments, then I hope they will liquidate and invest according to their needs.
by Gnirk
Mon Sep 29, 2014 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: When I gift/will shares to my relatives, I expect ...
Replies: 24
Views: 1786

Re: See both financial advisor and elder law lawyer for Mom?

Gambler, My mother is in a non-medicaid nursing home. My sister in law's mother is in a medicaid nursing home. The differences between the two facilities could not be starker. My sister in law's mother would not be in the medicaid facility if she had a choice. Your mother can afford to self pay a g...
by Gnirk
Mon Sep 29, 2014 1:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: See both financial advisor and elder law lawyer for Mom?
Replies: 45
Views: 2736

Re: Obese airline passenger

i think its hard to understand just how physically miserable it is to have only half a seat to sit in because the very large person next to you pulls up the armrest and spills over onto half, or more, of your seat, cramming you up against the other armrest. My husband and I had this happen when a hu...
by Gnirk
Sun Sep 28, 2014 11:39 pm
 
Forum: Personal Consumer Issues
Topic: Obese airline passenger
Replies: 62
Views: 5180
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