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Re: "Outrigger" bank account with a TIRA: not possible?

If the bank sends a check payable to Vanguard FBO Nisi's account, it is a direct transfer.

If the check is made payable to you and you deposit it into your VG account, it is a rollover and you can only have one rollover within a one-year period.
by HueyLD
Fri Oct 17, 2014 4:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: "Outrigger" bank account with a TIRA: not possible?
Replies: 2
Views: 234

Re: Switching Medigap Policies - Confused

I have been on a Medigap, Part G, policy with Wisconsin Physicians Service (WPS) since January 2014. If I want to switch my Medigap coverage during the current open enrollment period to another insurance company, are pre-existing conditions a factor for my getting coverage with the new company, or ...
by HueyLD
Fri Oct 17, 2014 12:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Switching Medigap Policies - Confused
Replies: 4
Views: 299

Re: Paid back Social Security

Hi, I did a withdrawal of ss benefits earlier this year after starting benefits in April 2013. Which tax forms and publications am I going to need to do my taxes next year? See IRS Pub 915. In summary, if the amount shown on your Form SSA-1099 is a negative number, you can claim an itemized deducti...
by HueyLD
Tue Oct 14, 2014 3:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paid back Social Security
Replies: 3
Views: 609

Re: Long term care insurance sweet spot

I understand the sweet spot as far as net worth for the purchase of this type of insurance, but is there a sweet spot for your age to consider when is a good time to purchase ? Any published data or papers on what to consider ? (health, interest rate at the time etc.) If you think you may need/want...
by HueyLD
Mon Oct 13, 2014 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance sweet spot
Replies: 5
Views: 715

Re: Building a New House, Advice please.

One item that has not been mentioned. If you purchase the materials to build a home and pay the sales tax directly, you can deduct the sales tax as an itemized deduction. Keep good records. I believe you can deduct either state income tax paid OR state sales tax but not both. Yes, I assumed that th...
by HueyLD
Mon Oct 13, 2014 11:44 am
 
Forum: Personal Consumer Issues
Topic: Building a New House, Advice please.
Replies: 60
Views: 4319

Re: Building a New House, Advice please.

One item that has not been mentioned.

If you purchase the materials to build a home and pay the sales tax directly, you can deduct the sales tax as an itemized deduction. Keep good records.
by HueyLD
Sun Oct 12, 2014 10:54 am
 
Forum: Personal Consumer Issues
Topic: Building a New House, Advice please.
Replies: 60
Views: 4319

Re: Vanguard Fund Purchase Fee

No, but the fee is included in your basis.
by HueyLD
Thu Oct 09, 2014 4:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Fund Purchase Fee
Replies: 2
Views: 417

Re: Car Accident Responsibility for Borrowed Cars

When I was with State Farm, I wanted to give my nephew permission to drive my car for the duration of his visit. My agent said it was fine, but any at fault accident would be charged to my insurance. IOW, my insurance premium would go up should he get into any chargeable accident. Proceed with cauti...
by HueyLD
Mon Sep 22, 2014 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car Accident Responsibility for Borrowed Cars
Replies: 13
Views: 943

Re: Vanguard Lost $50k

Here is my educated guess. Someone in Vanguard back office accidentally processed several batches of ACH transactions twice. The mistakes will be fixed in due time. However, I am troubled by the poor responses from phone reps. Years ago, Fidelity ran ACH transactions twice and the amount was taken f...
by HueyLD
Sat Sep 06, 2014 1:24 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 10818

Re: Issues with home inspector?

There is a high probability that your home inspector will not return your call. The lesson here is that one should not hire a home inspector recommended by the realtor because the inspector isn't going to do anything to mess up his revenue source. Even if you hire someone on your own, there is still...
by HueyLD
Fri Sep 05, 2014 12:20 pm
 
Forum: Personal Consumer Issues
Topic: Issues with home inspector?
Replies: 24
Views: 1136

Re: Do I Even Need a Trust?

hoops777 wrote:Thank you HueyLD.....They also do not allow TOD on retirement accts.where most of our investments are.

On retirement accounts, you can designate primary beneficiaries and contingent beneficiaries.
by HueyLD
Thu Sep 04, 2014 7:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I Even Need a Trust?
Replies: 31
Views: 2007

Re: Do I Even Need a Trust?

I think the OP needs to google some more and he will find that TOD is not allowed on Vanguard joint accounts. In addition, California is not among the states that allow a TOD deed. I have no financial interest in this discussion, but estate planning should be done wth best paid help one can afford u...
by HueyLD
Thu Sep 04, 2014 4:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I Even Need a Trust?
Replies: 31
Views: 2007

Re: Ideas for thanking a doctor

obgraham wrote:If you feel the need to give a material gift, a restaurant gift card is never declined!

But you would have to ask the doc for his/her favorite restaurant.
by HueyLD
Sat Aug 30, 2014 5:39 pm
 
Forum: Personal Consumer Issues
Topic: Ideas for thanking a doctor
Replies: 75
Views: 5101

Re: Costco:is it worth it for just two people?

We're a retired couple with an Executive membership that pays for itself every year. We do 80% of our food shopping there, along with some clothes, glasses, pills, paper products, electronics, tools and gasoline, and it saves us money and offers a convenient shopping experience. Oh, and a $1.50 hot...
by HueyLD
Sat Aug 30, 2014 1:14 pm
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 143
Views: 12334

Re: Auto accident today

camper wrote:Police will not show for auto accidents where I live unless there is a medical emergency. Neither one of us had been in an accident before so he actually did call the police. They told him just to exchange insurance info.

Really? What part of the metro was it?
by HueyLD
Tue Aug 26, 2014 12:24 pm
 
Forum: Personal Consumer Issues
Topic: Auto accident today
Replies: 33
Views: 2690

Re: Callable municipal bonds

With 4-5% coupons, it is highly likely that those bonds will be called at the first callable dates. You need to get ready to redeploy your cash and it won't hurt to get started a few months before the callable dates.
by HueyLD
Mon Aug 25, 2014 2:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Callable municipal bonds
Replies: 6
Views: 457

Re: Smartphone recommendations for under $200

Buying additional minutes, say 400, will result in 1,200 minutes, 1,200 messages and 1,200 MBs being added. Do you get voice, text and data minutes separately by buying one 400-minute card? Or do you have to buy three 400-minute cards? It has very good sound quality, and a nice speakerphone. Has Wi...
by HueyLD
Mon Aug 25, 2014 2:05 pm
 
Forum: Personal Consumer Issues
Topic: Smartphone recommendations for under $200
Replies: 24
Views: 2168

Re: Telling my friends I paid off my houses was a mistake.

You don't need a link. Rather, you need new friends.

Congrats.
by HueyLD
Mon Aug 25, 2014 1:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Telling my friends I paid off my house was a mistake.
Replies: 73
Views: 10502

Re: Transfer on Death (TOD) for Vanguard taxable accounts

Take a look at what Vanguard says: "The Transfer on Death Plan is a straightforward way to designate beneficiaries for certain Vanguard nonretirement mutual fund and/or brokerage accounts. The plan was established through Pennsylvania’s Uniform Transfer on Death Act and is available to investor...
by HueyLD
Sun Aug 24, 2014 4:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Transfer on Death (TOD) for Vanguard taxable accounts
Replies: 20
Views: 1852

Re: No room on your Windows hard drive? Cleanup Update files

LadyGeek,

Does the fix work on Windows Vista?
by HueyLD
Sat Aug 23, 2014 5:47 pm
 
Forum: Personal Consumer Issues
Topic: No room on your Windows hard drive? Cleanup Update files
Replies: 60
Views: 4832

Re: Why do we tip restaurant servers?

What happens when the server doesn't enhance your experience? No tip? I go out a lot in the US, Europe and Asia. The main differentiating characteristic of US service is a cheesy fake friendliness. In terms of efficiency, attentiveness, competence I have seen much better everywhere in Asia (this is...
by HueyLD
Fri Aug 22, 2014 5:58 pm
 
Forum: Personal Consumer Issues
Topic: Why do we tip restaurant servers?
Replies: 44
Views: 2315

Re: Unlimited cell plans dropping in price?

Straight Talk -45.00 "unlimited" :happy "*30 day Unlimited Plans include 3GB of high speed data per 30 day cycle. After 3GB, your data speed will be reduced for the remainder of the 30 day cycle. High speed data is restored once a new 30 day service plan is added." How much web ...
by HueyLD
Wed Aug 20, 2014 4:50 pm
 
Forum: Personal Consumer Issues
Topic: Unlimited cell plans dropping in price?
Replies: 40
Views: 3413

Re: can unmarried or unrelated people hold house title in JT

Can unmarried or unrelated people hold house title in Joint Tenancy with Right of Survivorship? If yes: Say two people buy a house together and title the property as JTWRS. But one of them pays more. Does this create tax consequence immediately or down the road? You may want to read this article on...
by HueyLD
Wed Aug 20, 2014 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: can unmarried or unrelated people hold house title in JTWRS?
Replies: 4
Views: 508

Re: Will you have to pay your parent's long term care costs?

Shifting money to avoid paying is one thing but going after children for amounts this large is not something most people could absorb for long You are right. However, what are the alternatives? In some countries, death is expected for those who have no money for medical care. If neither the childre...
by HueyLD
Wed Aug 20, 2014 12:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Will you have to pay your parent's long term care costs?
Replies: 57
Views: 4209

Re: Will you have to pay your parent's long term care costs?

I wonder what the alternatives may be. As both the federal and states are running short on funds, should we just expect the governments to cut payments to low income people so that they can die when they run out of money? What if they are your loved ones? I think it is a serious issue for us as a so...
by HueyLD
Wed Aug 20, 2014 11:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Will you have to pay your parent's long term care costs?
Replies: 57
Views: 4209

Re: Moving after retirement.

Here are my reasons for staying put. 1) Very close family.... 2) I love where I live now... 3) I know this sounds goofy but a social life is important. I am concerned that I won't make new friends. :wink: Hard to believe that's a concern at 55. Based on the above, you are where you should be. No do...
by HueyLD
Sat Aug 16, 2014 9:42 pm
 
Forum: Personal Consumer Issues
Topic: Moving after retirement.
Replies: 43
Views: 4507

Re: Spousal SS benefit for older and lower earner

Thank you for the reply, Jon. I think she should consider the long term impact of both benefits, not just hers today. Even though she is three years older than her husband, he could still die first and they should attempt to maximize her widow's benefit as well. Is it a good advice to tell her to ge...
by HueyLD
Thu Aug 14, 2014 9:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spousal SS benefit for older and lower earner
Replies: 3
Views: 466

Re: Weekend in Tucson - Kids' Birthday

Yep, the apostrophe in Kids' is in the right place. I will be in Tucson, AZ for the 1st time this weekend, with my twin boys, who are turning 12. Just looking for things we can do there, and maybe something special since it is their birthday. We are on a long roadtrip from Virginia, and have hiking...
by HueyLD
Thu Aug 14, 2014 8:39 pm
 
Forum: Personal Consumer Issues
Topic: Weekend in Tucson - Kids' Birthday
Replies: 19
Views: 927

Spousal SS benefit for older and lower earner

I have done research on SSA sites among others, but I couldn't get a good answer on my friend's situation. So, I am looking for help from SS experts on the forum. My friend turns 66 and her husband turns 63 this year. Neither has filed for SS benefits. She was a stay at home mom for many years and h...
by HueyLD
Thu Aug 14, 2014 6:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spousal SS benefit for older and lower earner
Replies: 3
Views: 466

Re: How do you address your inlaws and being addressed?

sscritic wrote:It must be cultural. In my Chinese soap operas, as soon as you are engaged, you call your future in-laws Mom and Dad or the equivalent.

Really?
by HueyLD
Fri Aug 08, 2014 2:41 pm
 
Forum: Personal Consumer Issues
Topic: How do you address your inlaws and being addressed?
Replies: 84
Views: 4872

Re: Finding witnesses for a trust document

Does the witness have to read the docs or just observe you sign? If the latter why not just ask a friend or coworker since they can't see anything anyway? I ask because we soon will be doing our wills and trust and don't know the process. As sscritic said earlier, the rules are state dependent. In ...
by HueyLD
Fri Aug 08, 2014 1:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Finding witnesses for a trust document
Replies: 31
Views: 1387

Re: Finding witnesses for a trust document

The trust doc one signs in one state is usually valid across the state line. However, I would not intentionally go to a state that is not my current home state to sign a new trust doc. That's what my attorney told me.
by HueyLD
Fri Aug 08, 2014 12:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Finding witnesses for a trust document
Replies: 31
Views: 1387

Re: Finding witnesses for a trust document

sscritic wrote:Maybe the OP can go to a state nearby that doesn't require witnesses.

I don't think that's a good idea.

It is prudent to have one's trust doc notarized and witnessed in the state where one lives.
by HueyLD
Fri Aug 08, 2014 12:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Finding witnesses for a trust document
Replies: 31
Views: 1387

Re: what gender are you?

I am confused.

What is other?
by HueyLD
Wed Aug 06, 2014 11:52 am
 
Forum: Local Chapters and Bogleheads Community
Topic: what gender are you?
Replies: 27
Views: 5204

Re: Why would anyone buy a deferred income annuity?

Does the ObviousInvestor blogger, have An AARP card or does he carry ID for proof of age for liquor purchase? The latter. :) But that doesn't stop him from understanding SS, among other things. He knows more about SS than most people 40 years older than he is. Age doesn't matter when it comes to kn...
by HueyLD
Mon Aug 04, 2014 5:18 pm
 
Forum: Investing - Theory, News & General
Topic: Why would anyone buy a deferred income annuity?
Replies: 59
Views: 4950

Re: Drought Management

I recently took the Hoover Dam tour and was able to go deep inside the dam. The tour guide said that the long term drought diminished the dam's ability to generate electricity and it could only provide electricity for peak demand.

I think we all need to do some rain dance.
by HueyLD
Sun Aug 03, 2014 10:30 am
 
Forum: Personal Consumer Issues
Topic: Drought Management
Replies: 60
Views: 3206

Re: How often do you replace bath towels?

Enter the house is a good way to express it. The last bath towels that entered my house came as gifts. I guess my DIL couldn't stand seeing my ratty old towels, not that she had ever used one. With a DIL like her, who needs to buy new towels? To the OP, buy new ones when you think you need them, no...
by HueyLD
Sat Aug 02, 2014 12:37 pm
 
Forum: Personal Consumer Issues
Topic: How often do you replace bath towels?
Replies: 50
Views: 4045

Re: Medicaid look-back

It doesn't make sense if the 5-year look back is waived for in-home care eligible for Medicaid reimbursement. Too much temptation for abuse. Again your state may say otherwise, but you will have to check with the state agency. I found another article written by an Elder Law firm in NJ. and it says: ...
by HueyLD
Thu Jul 31, 2014 2:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicaid look-back
Replies: 9
Views: 1056

Re: Medicaid look-back

Found another .gov link and it does say that Medicaid will pay for in-home custodial care. However, as the previous poster indicated, check with your own state agency. Medicaid is a joint federal and state government program that helps people with low income and assets pay for some or all of their h...
by HueyLD
Thu Jul 31, 2014 1:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicaid look-back
Replies: 9
Views: 1056

Re: Medicaid look-back

Richard, I read in this Kiplinger letter that nursing home care is required for Medicaid. "Remember, though, that Medicaid is not an ideal solution even if you can protect some assets. "Medicaid comes up short in protecting your freedom of choice," says Ryan. You or your parent would ...
by HueyLD
Thu Jul 31, 2014 12:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicaid look-back
Replies: 9
Views: 1056

Re: state income tax withheld from IRA distribution?

This part of Vanguard instructions is confusing. For example, it says: "Residents of Indiana, Louisiana, Maryland, Missouri, Montana, New Jersey, New Mexico, New York, Utah, and Wisconsin: State tax may be withheld regardless of your federal withholding election. Vanguard will or won’t withhold...
by HueyLD
Thu Jul 31, 2014 11:55 am
 
Forum: Personal Finance (Not Investing)
Topic: state income tax withheld from IRA distribution?
Replies: 44
Views: 2046

Re: Gift Tax for opening an 529 account for youself

I agree with sscritic that if you name yourself as the beneficiary, there is no gifting involved. 529 plans are sort of unconventional because you are allowed to name yourself as the beneficiary. I think a parent may use this technique to name himself/herself as the beneficiary before the child is b...
by HueyLD
Thu Jul 31, 2014 11:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Gift Tax for opening an 529 account for youself
Replies: 12
Views: 922

Re: Two days in Little Rock, AR - What to do and see?

If you go to the HSNP and expect to see a national park, sorry it isn't. It is a nice city park with bath houses and don't expect to see any hot springs in the open because all the thermal energy is channeled to various bath houses.
by HueyLD
Thu Jul 31, 2014 10:40 am
 
Forum: Personal Consumer Issues
Topic: Two days in Little Rock, AR - What to do and see?
Replies: 29
Views: 1627

Re: Two days in Little Rock, AR - What to do and see?

Agree with the Central High and Little Rock Nine visit if you are truly interested in this chapter of history in Little Rock and the country.

Heifer International is another very good one of a kind place.
by HueyLD
Thu Jul 31, 2014 9:32 am
 
Forum: Personal Consumer Issues
Topic: Two days in Little Rock, AR - What to do and see?
Replies: 29
Views: 1627

Re: Two days in Little Rock, AR - What to do and see?

Appreciate the response from everyone. I think we're going to focus our energy into the Presidential library, the Big Dam, and Pinnacle mountain. For those that have hiked the mountain, how "toddler" friendly is it? Is it feasible to have a toddler on my back and complete the hike (relati...
by HueyLD
Wed Jul 30, 2014 2:14 pm
 
Forum: Personal Consumer Issues
Topic: Two days in Little Rock, AR - What to do and see?
Replies: 29
Views: 1627

Re: state income tax withheld from IRA distribution?

O.k., folks. Vanguard made a carefully decision to withhold state taxes only when required by law. It is expensive to have to collect and file taxes with states. It's one way to hold down the cost. If tax withholding is important to you, you may want to transfer your money elsewhere. It's hard to ha...
by HueyLD
Wed Jul 30, 2014 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: state income tax withheld from IRA distribution?
Replies: 44
Views: 2046

Re: Two days in Little Rock, AR - What to do and see?

My family will be travelling through Little Rock, AR, in the near future and we thought we'd spend a few days checking out the area. Anyone have any suggestions on what to visit? Where to stay? Local restaurants? Travelers include two adults and a toddler. Any insight would be greatly appreciated! ...
by HueyLD
Tue Jul 29, 2014 10:16 pm
 
Forum: Personal Consumer Issues
Topic: Two days in Little Rock, AR - What to do and see?
Replies: 29
Views: 1627

Re: Vanguard quietly adds longevity annuities

Roth IRAs are not QLAC because no RMD is required. I don't see why you cannot direct the annuity payouts back to the Roth IRA. However, longevity annuity payments from T-IRA will be considered RMD and one cannot put RMD back to the T-IRA. https://www.federalregister.gov/articles/2012/02/03/2012-2340...
by HueyLD
Sat Jul 26, 2014 5:23 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard quietly adds longevity annuities
Replies: 85
Views: 7057
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