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Re: Spouse not ready to cut ties with financial advisers

I'm sorry but any professional adviser who becomes a "poker buddy" is not professional.

IMHO You are a sheep being shorn.
by Professor Emeritus
Sat Aug 16, 2014 8:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 94
Views: 5793

Re: Getting Married, traveling abroad

Actually I believe it is a country - just not an independent one. It depends on how you define "country". You can define "country" to include Scotland, or you can define "country" based on the common characteristics of the 200 or so countries in the world, in which cas...
by Professor Emeritus
Sat Aug 16, 2014 8:07 pm
 
Forum: Personal Consumer Issues
Topic: Getting Married, traveling abroad
Replies: 25
Views: 1334

Re: Getting Married, traveling abroad

I have spent time in Europe every almost every single year since 1977. Top Romantic spots: 1) Venice IT 2) Rothenburg GR 3) Salzburg AU 4) Edinburg UK 5) Grindelwald SW 6) Toledo SP 7) Canterbury UK 8) Mont St Michel FR 9) York UK These are all "walk hand in hand" places with atmosphere, h...
by Professor Emeritus
Sat Aug 16, 2014 2:44 pm
 
Forum: Personal Consumer Issues
Topic: Getting Married, traveling abroad
Replies: 25
Views: 1334

Re: Home health aide an independent contractor?

My Mom (89 and living alone in her own home) treats her home health aide (hired directly, not through an agency) as an independent contractor. No Social Security or income tax or other withholding. The aide comes several half days per week, as mutually agreed. Last time my Mom asked me (several yea...
by Professor Emeritus
Thu Aug 14, 2014 5:29 pm
 
Forum: Personal Consumer Issues
Topic: Home health aide an independent contractor?
Replies: 7
Views: 456

Re: Vanguard:"Social Security: How to decide when it's time.

Why is your wife filing at 62? My wife is totally disabled so she has been on SSDI for several years and does not suffer the early taking reduction. At FRA I can get half of her pension. 1k a month for a spouse at FRA indicates an age 62 pension of about 24k . Her pension would increase to FRA and ...
by Professor Emeritus
Thu Aug 14, 2014 10:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 79
Views: 5358

Re: MDs should I contest hospital privileges?

I don't understand. If it's their hospital and they don't want you there how are you going to contest that? Medical staff privileges in most states are governed by statute. for example see A hospital may deny a physician medical staff privileges, but must not violate Ohio Revised Code § 3701.351.76...
by Professor Emeritus
Thu Aug 14, 2014 6:37 am
 
Forum: Personal Finance (Not Investing)
Topic: MDs should I contest hospital privileges?
Replies: 16
Views: 1766

Re: MDs should I contest hospital privileges?

How did you get the privileges in the first place? If it was a standard review of credentials by medical QA, just submit the same credentials.
by Professor Emeritus
Thu Aug 14, 2014 1:58 am
 
Forum: Personal Finance (Not Investing)
Topic: MDs should I contest hospital privileges?
Replies: 16
Views: 1766

Re: Vanguard: "Social Security: How to decide when it's time

Why is your wife filing at 62? My wife is totally disabled so she has been on SSDI for several years and does not suffer the early taking reduction. At FRA I can get half of her pension. 1k a month for a spouse at FRA indicates an age 62 pension of about 24k . Her pension would increase to FRA and ...
by Professor Emeritus
Thu Aug 14, 2014 1:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 79
Views: 5358

Re: Vanguard:"Social Security: How to decide when it's time.

Returning to an earlier post in this thread- My point is that there is a decrease in portfolio income due to the "purchase" of a delayed SS annuity without a corresponding increase in secure income in #2 and #3. The increase in safe income in #1 results in a decrease in security in cases ...
by Professor Emeritus
Wed Aug 13, 2014 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 79
Views: 5358

Re: Vanguard:"Social Security: How to decide when it's time.

[q I don't remember the program drum on the punch card machine other than very vaguely, but yes, I am eligible for Social Security. :sharebeer It was vital to those of us who had not studied differential equations. (I was a history major) We could write data mining statistical programs The drum car...
by Professor Emeritus
Wed Aug 13, 2014 7:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 79
Views: 5358

Re: Any Opinions on Mirrorless Cameras?

I went back recently on a visit to my relatives and felt sorry for the African guide as some tourists expected to see the "Big Five" in one day. It is not a zoo! " :happy well its a ZOO but not a "zoological park" :happy Biggest advantage of the Panasonic in Kruger is the s...
by Professor Emeritus
Wed Aug 13, 2014 5:08 pm
 
Forum: Personal Consumer Issues
Topic: Any Opinions on Mirrorless Cameras?
Replies: 40
Views: 2012

Re: Why is Bank of America so hated?

dgdevil wrote:
Trader Joe wrote:No hate for BoA here.


+1. In these days of envy, you can insert any corporate name into the headline. Not sure this silly discussion belongs here.


Because BOA got hostility the old fashioned way, THEY EARNED IT
by Professor Emeritus
Wed Aug 13, 2014 5:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why is Bank of America so hated?
Replies: 43
Views: 2345

Re: Vanguard:"Social Security: How to decide when it's time.

or 6.81 hours of time on an IBM 7094. :D make my day :D I learned Fortran on a 7094 and we were given maximum cpu cycles or times for our programs. Some bastard was always stealing the program drums on the punch card machines. Finally they set up a system for checking them out for an hour . See htt...
by Professor Emeritus
Wed Aug 13, 2014 2:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 79
Views: 5358

Re: Vanguard: "Social Security: How to decide when it's time

Your sinking fund is not part of your investment portfolio. Your "equity percentage" applies only to your investment portfolio, not your over all assets. A cd ladder is a fine place to put a sinking fund. but it is a consumption fund, not an investment portfolio. I view my CDs as a invest...
by Professor Emeritus
Wed Aug 13, 2014 2:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 79
Views: 5358

Re: Why is Bank of America so hated?

BOA allowed ML to rape pillage and plunder their banking customers. We were 500K plus customers and after the ML "takeover" we were treated like dirt unless we signed up with ML. I pulled money out 100k at a time and moved it to Vanguard. ML lost a whole series of trust documents. BOA uppe...
by Professor Emeritus
Wed Aug 13, 2014 2:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why is Bank of America so hated?
Replies: 43
Views: 2345

Re: Any Opinions on Mirrorless Cameras?

Thanks, I have always been a fan of Olympus cameras. The EP3 is still available on Amazon for a reasonable price. This will be on my shortlist. Panasonic G3 micro 4/3 is too. We own a Panasonic G3, 2 GF2s and 3 GH2s. We own 2 sets of the 4 key lenses 20 mm 14-42 pancake 14-140 100-300 We use the ex...
by Professor Emeritus
Wed Aug 13, 2014 11:27 am
 
Forum: Personal Consumer Issues
Topic: Any Opinions on Mirrorless Cameras?
Replies: 40
Views: 2012

Re: Vanguard: "Social Security: How to decide when it's time

Why would you "file and suspend your own pension? You just don't file for yours. At FRA you file a RA for spouses benefits. You get your spouse benefit, whatever it is and at 70 you get your own benefit with delayed retirement credits. File and suspend is to allow spousal benefits. and no both...
by Professor Emeritus
Wed Aug 13, 2014 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 79
Views: 5358

Re: Vanguard: "Social Security: How to decide when it's time

Thank you Professor for validating my personal strategy. I plan on retiring next year in July at 63 and delaying SS until 70 while my wife who will retire at the same time files at 62. Rather than filing and suspending I will file a restricted application at my FRA and collect about 1k monthly on h...
by Professor Emeritus
Wed Aug 13, 2014 9:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 79
Views: 5358

Re: Vanguard: "Social Security: How to decide when it's time

I'm sorry but this is not thinking clearly, unless you simply mean that each year when you take it out of your sinking fund you can put it in your portfolio instead of spending it , which is fine. but you dont invade a sinking fund to play the market. Professor, I don't know what you mean by sinkin...
by Professor Emeritus
Wed Aug 13, 2014 5:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 79
Views: 5358

Re: Vanguard: "Social Security: How to decide when it's time

*My Dad took SS at 62 and he is now in his late 80's and pretty healthy. But he simply wasn't comfortable with deferring payments. A bird in the hand... :dollar [OT comment removed by admin LadyGeek] Why would anyone save at age 25 if he "wasn't comfortable with deferring payments"? I put...
by Professor Emeritus
Wed Aug 13, 2014 5:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 79
Views: 5358

Re: Vanguard: "Social Security: How to decide when it's time

*My Dad took SS at 62 and he is now in his late 80's and pretty healthy. But he simply wasn't comfortable with deferring payments. A bird in the hand... :dollar Why would anyone save at age 25 if he "wasn't comfortable with deferring payments"? I put salary into a DB pension for 30 years.
by Professor Emeritus
Wed Aug 13, 2014 12:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 79
Views: 5358

Re: Reticient sibling [Dispute over execution of trust]

I am a trustee and was there when the trust was drafted and signed by the grantor. No beneficiaries signed any part of the trust. Since the trust was established, I make yearly distributions to the beneficiaries and they don't have to sign anything nor have I ever asked them to. The trust says I (a...
by Professor Emeritus
Tue Aug 12, 2014 11:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reticient sibling [Dispute over execution of trust]
Replies: 31
Views: 2930

Re: Reticient sibling [Dispute over execution of trust]

It is correct the trustee (the executor of my parents estate) is making all decisions. Trusts are not simple. Some go into great detail, the minutiae. The devil is in the details. Your answer still makes little sense without the details. Who cares what another beneficiary does or does not do. I've ...
by Professor Emeritus
Tue Aug 12, 2014 11:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reticient sibling [Dispute over execution of trust]
Replies: 31
Views: 2930

Re: Vanguard: "Social Security: How to decide when it's time

Can you file and suspend your own old-age benefit at FRA *and* file for spousal benefit?[ /quote] . Is there any possibility the poster is confusing file and suspend with a restricted application? See for example http://moneyover55.about.com/od/socialsecuritybenefits/a/Restricted-Application-For-So...
by Professor Emeritus
Tue Aug 12, 2014 11:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 79
Views: 5358

Re: Vanguard: "Social Security: How to decide when it's time

When deferring social security you should create a "sinking fund" of low risk assets designed to carry you to age 70. That sinking fund is not part of your investment portfolio, it is designed for consumption. You do your asset allocation over and above that fund Otherwise you are allowin...
by Professor Emeritus
Tue Aug 12, 2014 11:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 79
Views: 5358

Re: Wills, Spouses, Prenups, etc.

For example the uniform act as accepted by over half the states says (f) A court may refuse to enforce a term of a premarital agreement or marital agreement if, in the context of the ag reement taken as a whole[:] [(1)] the term was unconscionable at the time of signing[; or (2) enforcement of the ...
by Professor Emeritus
Tue Aug 12, 2014 6:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wills, Spouses, Prenups, etc.
Replies: 67
Views: 3157

Re: Reticient sibling [Dispute over execution of trust]

in terrorem (no contest) are very handy for an executor who wants to steal the estate blind . We had a case where the executor awarded himself 60% of the estate and told the 4 sibs they would get NOTHING if they did not let him have the money. I'm not sure he could have done that. The way those cla...
by Professor Emeritus
Tue Aug 12, 2014 4:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reticient sibling [Dispute over execution of trust]
Replies: 31
Views: 2930

Re: Reticient sibling [Dispute over execution of trust]

It is correct the trustee (the executor of my parents estate) is making all decisions. Trusts are not simple. Some go into great detail, the minutiae. The devil is in the details. Your answer still makes little sense without the details. Who cares what another beneficiary does or does not do. I've ...
by Professor Emeritus
Tue Aug 12, 2014 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reticient sibling [Dispute over execution of trust]
Replies: 31
Views: 2930

Re: How to Minimize Taxes: Family Selling Farm (Estate Plann

Therefore, are you suggesting they continue to earn lease revenue from the land and property to pay for their new home and lifestyle but keep the farm owned in their name for the rest of their life? right they are perfect candidates for the "buy, borrow, die" total CG tax avoidance strate...
by Professor Emeritus
Tue Aug 12, 2014 4:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Taxes: Family Selling Farm (Estate Planning)
Replies: 21
Views: 1586

Re: Vanguard: "Social Security: How to decide when it's time

Can you file and suspend your own old-age benefit at FRA *and* file for spousal benefit?[ /quote] . Is there any possibility the poster is confusing file and suspend with a restricted application? See for example http://moneyover55.about.com/od/socialsecuritybenefits/a/Restricted-Application-For-So...
by Professor Emeritus
Tue Aug 12, 2014 3:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 79
Views: 5358

Re: Vanguard: "Social Security: How to decide when it's time

I am going to defer SS with two caveats: 1 If my portfolio took a severe hit, say down 50% I would probably start at FRA. 2 If my health suddenly failed, I'd probably start receiving SS ASAP. Some thing is better than nothing :) (no problem with point 2) IMHO point 1 would indicate that you had not...
by Professor Emeritus
Tue Aug 12, 2014 1:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 79
Views: 5358

Re: Copyright question

I always put a copyright notice on my slides. There's now a trend of people taking pictures of presentation slides as they're shown, which I'm not crazy about, and I may make my copyright notices bigger and more obtrusive as a result. I have never released PPT of my slides. all PDFs carry a copyrig...
by Professor Emeritus
Tue Aug 12, 2014 12:44 pm
 
Forum: Personal Consumer Issues
Topic: Copyright question
Replies: 15
Views: 633

Re: Copyright question

Victoria, I thought about this briefly many years ago in the context of whether I should claim copyright on my PhD dissertation. ) At our shop we require the students to grant "certain rights" to the University. Typical language The University ......retains non-exclusive distribution, rep...
by Professor Emeritus
Tue Aug 12, 2014 12:43 pm
 
Forum: Personal Consumer Issues
Topic: Copyright question
Replies: 15
Views: 633

Re: How to ensure military members don't get ripped off

We are currently retired
We have retirement savings at Vanguard Fidelity TIAA and TSP.
The TSP is about half of the total, all in stock
Each has advantages and disadvantages.
by Professor Emeritus
Tue Aug 12, 2014 11:14 am
 
Forum: Investing - Theory, News & General
Topic: How to ensure military members don't get ripped off
Replies: 71
Views: 4100

Re: MAGI for Medicare Rates

Now IEP stands for Initial Enrollment Period which for a person with a disability begins 2 years after they start receiving disability benefits. However if you don't sign up, your 10% penalty begins. http://www.medicare.gov/your-medicare-costs/part-b-costs/penalty/part-b-late-enrollment-penalty.htm...
by Professor Emeritus
Tue Aug 12, 2014 10:00 am
 
Forum: Personal Finance (Not Investing)
Topic: MAGI for Medicare Rates
Replies: 36
Views: 1796

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

That true, students should use Dr. or Professor, and they are usually informed the first day of class. I am Prof. XXX. Of course, teachers in K=12 are addressed as Mr., Mrs. Miss, MS., or Dr. as appropriate However, when of equal rank, titles are typically dropped. Two prof's in the same dept. gene...
by Professor Emeritus
Tue Aug 12, 2014 8:34 am
 
Forum: Personal Consumer Issues
Topic: How do you address your inlaws and being addressed?
Replies: 84
Views: 4707

Re: Wills, Spouses, Prenups, etc.

Pre-nups are not standard contracts among other things they require full disclosure. I still think that's an equitable argument that is going to be part of unconscionability or fraud, unless your state has a fairly strict statute on topic. Even then, I think that's a nuance beyond the scope of a fo...
by Professor Emeritus
Mon Aug 11, 2014 8:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wills, Spouses, Prenups, etc.
Replies: 67
Views: 3157

Re: Renting forever: financial suicide?

The rent versus buy decision has NO repeat no easy analytical solution. Unfortunately in places like the Bay area you are directly and negatively affected by all the various government housing policies and international economic trends. Your fundamental problem is not rent v buy, it is low income fo...
by Professor Emeritus
Mon Aug 11, 2014 5:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Renting forever: financial suicide?
Replies: 90
Views: 9410

Re: Sandals or similar?

:happy go on a cruise, I hear most lines have little lockers on the shore to leave your brains :D
by Professor Emeritus
Mon Aug 11, 2014 3:50 pm
 
Forum: Personal Consumer Issues
Topic: Sandals or similar [vacation resort]?
Replies: 15
Views: 1328

Re: Changing queen size to king size

I was an unemployed recent law graduate when we got married. DW was a med student. All of our furniture was hand me down including a pair of twin beds we c-clamped together. After a year we bought a good quality king sized mattress and spring and put it on the floor. We bought a cheap but long mirro...
by Professor Emeritus
Mon Aug 11, 2014 3:47 pm
 
Forum: Personal Consumer Issues
Topic: Changing queen size to king size
Replies: 9
Views: 1215

Re: Reticient sibling [Dispute over execution of trust]

So here's the problem in short. There are 3 of us siblings. Two of us have signed the paper work from the executor for our parents; in essence my sister and I are in favor of disbursing the assets from our parents Marital and Survivors Trusts. We have a third sibling who is not willing to sign. And...
by Professor Emeritus
Mon Aug 11, 2014 3:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reticient sibling [Dispute over execution of trust]
Replies: 31
Views: 2930

Re: Reticient sibling [Dispute over execution of trust]

in terrorem (no contest) are very handy for an executor who wants to steal the estate blind . We had a case where the executor awarded himself 60% of the estate and told the 4 sibs they would get NOTHING if they did not let him have the money. I'm not following. How does an executor award himself a...
by Professor Emeritus
Mon Aug 11, 2014 3:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reticient sibling [Dispute over execution of trust]
Replies: 31
Views: 2930

Re: Wills, Spouses, Prenups, etc.

TheRightKost87 wrote:
Jeez I'm glad I'm not your kid. I could be the best son in the world for 40 years, then when you're 70 you take a liking to some lady you were playing bingo with, hand over everything to her, and I'm chopped liver?


you got it
by Professor Emeritus
Mon Aug 11, 2014 3:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wills, Spouses, Prenups, etc.
Replies: 67
Views: 3157

Re: Wills, Spouses, Prenups, etc.

I will contribute some background information, but this is not legal advice, and shouldn't be construed as such. I don't have even a fraction of the information that I would want in order to give actionable advice on this (and I would charge money if I were giving advice). A Pre-nup is a contract. ...
by Professor Emeritus
Mon Aug 11, 2014 3:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wills, Spouses, Prenups, etc.
Replies: 67
Views: 3157

Re: Wills, Spouses, Prenups, etc.

I will contribute some background information, but this is not legal advice, and shouldn't be construed as such. I don't have even a fraction of the information that I would want in order to give actionable advice on this (and I would charge money if I were giving advice). A Pre-nup is a contract. ...
by Professor Emeritus
Mon Aug 11, 2014 1:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wills, Spouses, Prenups, etc.
Replies: 67
Views: 3157

Re: Reticient sibling [Dispute over execution of trust]

I was once in a situation in which we voluntarily offered to pay one heir more than their proportional share in order to expedite settlement of an estate. In retrospect, that payment more than paid for itself because we later learned they had been contemplating legal action but the offer was just t...
by Professor Emeritus
Mon Aug 11, 2014 8:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Reticient sibling [Dispute over execution of trust]
Replies: 31
Views: 2930

Re: Reticient sibling [Dispute over execution of trust]

So here's the problem in short. There are 3 of us siblings. Two of us have signed the paper work from the executor for our parents; in essence my sister and I are in favor of disbursing the assets from our parents Marital and Survivors Trusts. We have a third sibling who is not willing to sign. And...
by Professor Emeritus
Mon Aug 11, 2014 7:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Reticient sibling [Dispute over execution of trust]
Replies: 31
Views: 2930

Re: MAGI for Medicare Rates

The irmaa connection is US not SS. We are currently subject to Irmaa but may not be by the time DW is 65. Without a new IERP we could not postpone part B without penalty until we are no longer subject to IRMAA. Without a new IREP disabled people are in a worse position than non disabled people. In ...
by Professor Emeritus
Sun Aug 10, 2014 4:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: MAGI for Medicare Rates
Replies: 36
Views: 1796

Re: MAGI for Medicare Rates

For anyone out there on SSDI and is under 65. If you decline part B when you are first eligible due to disability, you get another full clean shot at age 65 without penalty. DW is disabled and it looked like we were being hit very hard by IRMAA or teh 10% annual penalty. The premium rollback is not...
by Professor Emeritus
Sun Aug 10, 2014 3:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: MAGI for Medicare Rates
Replies: 36
Views: 1796

Re: MAGI for Medicare Rates

I have a guy I talk to on occasion who used this same term: penalty. He has never paid a nickel for health insurance in his life despite being 73 until now because his union at the university where he was a professor had that negotiated. This is simply an unfair statement. You "pay" for b...
by Professor Emeritus
Sun Aug 10, 2014 1:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: MAGI for Medicare Rates
Replies: 36
Views: 1796
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