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Re: Knowledge gaps + anxiety = shame; gender and investing

A significant issue is to convince a woman investor to leave her charismatic high-expense adviser and move to Vanguard. Asking Vanguard to handle it for her will resolve her natural conflict aversion. Victoria This is a great idea. But how unfortunate to be so frightened about one's own money that ...
by caroljm36
Mon Jul 14, 2014 6:20 pm
 
Forum: Investing - Theory, News & General
Topic: Knowledge gaps + anxiety = shame; gender and investing
Replies: 75
Views: 5059

Re: List of Worst financial advice (what not to do):

How about, borrow student loans to the max because it's cheap money - you can invest it and make 8%!

Glad I gave that one a miss.
by caroljm36
Thu Jul 10, 2014 6:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: List of Worst financial advice (what not to do):
Replies: 131
Views: 14617

Re: Boglehead Beer

I'm trying to cut down but I love a couple of our local micros, Dancing Trout and Maibock. I hate IPAs and can't see what the appeal is.
by caroljm36
Wed Jul 09, 2014 6:08 pm
 
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 386
Views: 46879

Re: List of Worst financial advice (what not to do):

Not understanding how taxes really worked and assuming we didn't qualify for a Roth-IRA for many years because our gross was too high (not realizing it's based on MAGI). I didn't open a Roth for years for the opposite reason, because our income was too low. I knew I could max out my 401k and IRA bo...
by caroljm36
Wed Jul 09, 2014 6:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: List of Worst financial advice (what not to do):
Replies: 131
Views: 14617

Re: List of Worst financial advice (what not to do):

"Buy as much house as you can afford!"

Not sure what the rationale was but I was too timid to do it anyway.
by caroljm36
Tue Jul 08, 2014 11:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: List of Worst financial advice (what not to do):
Replies: 131
Views: 14617

Re: Easy careers to last me to retirement?

Forest Ranger. You can thank me later. When I was working,our top engineer decided he wanted to become a forest ranger. He quit and did that for a couple years , then came back and was rehired. Don't you have to have forestry degree or similar (whatever that would be)? I always thought there was a ...
by caroljm36
Tue Jul 08, 2014 7:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 92
Views: 13527

Re: I found a new coffee.

bit of a snob..I get Seattle's Best at WalMart. They have different grades based on caffeine. I've recently gone from a Level 4 to a 2 or else I will be awake all night on 2 morning cups..must be getting old. :?
by caroljm36
Thu Jul 03, 2014 10:28 pm
 
Forum: Personal Consumer Issues
Topic: I found a new coffee.
Replies: 72
Views: 5245

Re: Paid off home as LTC Insurance?

Most all LTC insurance plans cover AL and HC. Maybe that explains the growth in the number of AL places! There are some nice ones here. Assuming people are buying those policies..more likely paid off houses are paying for them. I notice they're advertising more now so maybe the housing bust has had...
by caroljm36
Sun Jun 29, 2014 6:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paid off home as LTC Insurance?
Replies: 38
Views: 2003

Re: Who do you talk with about your financial goals?

The only one who was half way interested was my hairdresser. Others including my husband aren't interested and get all paranoid about it because they don't know much and don't want to learn.

My hairdresser still took her money to a full service broker, so she doesn't listen to me either. :|
by caroljm36
Sat Jun 28, 2014 9:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who do you talk with about your financial goals?
Replies: 158
Views: 9064

Re: Paid off home as LTC Insurance?

I don't see the connection between LTC and assisted living. A regular LTC policy would not cover assisted living would it? Isn't it just for nursing home care? Those are two different things.
by caroljm36
Sat Jun 28, 2014 9:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paid off home as LTC Insurance?
Replies: 38
Views: 2003

Re: Retirement age for software engineers

I was laid from part-time software documentation at 65 due to lack of work. A month later the doc manager resigned and now they're advertising the job she had. I learned a lot of her system but she says the president does not like me and it probably isn't worth my time to to apply. At least at 65 I ...
by caroljm36
Tue Jun 24, 2014 4:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement age for software engineers
Replies: 94
Views: 9411

Re: Poll: Dave Ramsey - Harmful or helpful?

I was doing things like Baby Steps and emergency fund long before I heard of him. Debt free since 2002. It was a combination of common sense and the uptight feeling I had about debt in general. His fanatics seem to think it can't be done without him. I think he caters primarily to the ones who got c...
by caroljm36
Mon Jun 23, 2014 7:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Dave Ramsey - Harmful or helpful?
Replies: 65
Views: 5062

Re: Dave Ramsey - Harmful or helpful?

He gives a lot more good advice than bad. A few days ago, somebody called in and asked him where he got his 12% figure. He said the S&P500 since its inception has averaged 12% return. He then went into a long rant against people who have challenged that figure, saying that their differences wit...
by caroljm36
Sun Jun 22, 2014 7:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Dave Ramsey - Harmful or helpful?
Replies: 65
Views: 5062

Re: Late starters: what age did you start investing?

I don't think I got started until I was 45. My life was a mess up until then, though I usually managed to save enough to get from one gig to the next, one town to the next, so I wasn't a burden on anyone. But when I finally got married and got a regular job, I started maxing out my IRA right away, a...
by caroljm36
Sat Jun 21, 2014 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Late starters: what age did you start investing?
Replies: 73
Views: 5518

Re: flipping real estate infomercial work?

It seems the ones who do best are the ones with the skills, can do most the work to finish quality themselves, if they have to, and know how and whom to hire when they need help. If you don't know how to do much yourself then you're at the mercy of outside contractors. Plus yeah lots of cash. Even t...
by caroljm36
Fri Jun 20, 2014 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: flipping real estate infomercial work?
Replies: 20
Views: 1579

Re: Home Mortgage question for a 60 year old

I had a friend who got a 30 yr mortgage in his 70s...30 years ago. I don't think age has been a problem for quite awhile now.
by caroljm36
Mon Jun 09, 2014 10:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home Mortgage question for a 60 year old
Replies: 12
Views: 1252

Re: Should I ask for annual raise?

BradMajors wrote:Are you an employee or self-employed? Employees do not have contracts, and the self-employed do not have a salary.


I wrote contracts for employees at my old company. These were top management people whose longevity in their positions was tied directly to performance.
by caroljm36
Wed Jun 04, 2014 9:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I ask for annual raise?
Replies: 20
Views: 1456

Re: Worst "Large purchase" ever?

Long time ago, but in 1975 I bought a new 280Z for $7200 which is $31k now. I was making only 250 a week. I traded a perfectly good paid off VW for it. :oops:

In a couple months I got someone to take over payments.
by caroljm36
Sat May 24, 2014 6:02 pm
 
Forum: Personal Consumer Issues
Topic: Worst "Large purchase" ever?
Replies: 110
Views: 11614

Re: Long term care and Medicare premiums

It's typical for the elderly to make the circuit of hospital to nursing home back home to hospital etc several or even many times before the end. My best friend has done this 4-5 times already at 75. Doctors visit them sometimes, RN's dispense drugs, and there is physical therapy if there's a chance...
by caroljm36
Thu May 22, 2014 8:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Long term care and Medicare premiums
Replies: 12
Views: 1123

Re: How much SS at 70 if I retire at 66?

It keeps going up if you don't file at 66, even if you never earn another dime. It was quite an eye-operner for me.
Do play with the SSA calculator - it's fun and you can add all sorts of scenarios.
by caroljm36
Fri May 16, 2014 12:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much SS at 70 if I retire at 66?
Replies: 37
Views: 2584

Re: Passbook Accounts - Poll

When I was in third grade, LA city schools, the B of A would come around and get all the kids to start savings accounts, and gave us those little magic passbooks. They seemed kinda sacred, made of special papers, like dollars or a passport. Sadly, the program didn't 'take' with me, and I spent my li...
by caroljm36
Sun May 11, 2014 7:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Passbook Accounts - Poll
Replies: 29
Views: 1491

Re: does anyone use bank Bill Pay for Medicare premiums?

mur44 wrote:OK to use Bill Pay to pay Medicare Part B premium.

Once you start receiving SS benefits, Medicare Part B
premium is deducted from SS benefit amount.


Disclosure: I am a Certified Volunteer Medicare Counselor from NJ


OK thanks. It should be a smooth transition next February.
by caroljm36
Fri May 09, 2014 3:40 pm
 
Forum: Personal Consumer Issues
Topic: does anyone use bank Bill Pay for Medicare premiums?
Replies: 8
Views: 540

Re: does anyone use bank Bill Pay for Medicare premiums?

Yes I originally signed up for direct pay from my bank, but changed it when I realized it would be for only a year then they will take out of my spousal SS next year. So I didn't want to risk a double charge that would take months to resolve.
by caroljm36
Fri May 09, 2014 12:54 pm
 
Forum: Personal Consumer Issues
Topic: does anyone use bank Bill Pay for Medicare premiums?
Replies: 8
Views: 540

does anyone use bank Bill Pay for Medicare premiums?

Lately I've been using my bank's Bill Pay service for everything, except my Medicare premium. I'm not on SS yet so they don't get it there. Bill Pay is still kinda new to me and it makes me nervous to use it with the feds because I'm not really sure how it works.

Anyone pay it this way?
by caroljm36
Fri May 09, 2014 10:27 am
 
Forum: Personal Consumer Issues
Topic: does anyone use bank Bill Pay for Medicare premiums?
Replies: 8
Views: 540

Re: SS Question

You can run additional scenarios with 0 entered in for earnings, but only from the present time IIRC. Works for me because I'm so close to FRA. :happy
by caroljm36
Thu May 08, 2014 10:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Question
Replies: 24
Views: 1531

Re: Associated Press story/retirement

Sounds like a setup to justify *doing something* to address this terrible problem du jour.
by caroljm36
Tue May 06, 2014 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: [AP reporter seeks interviews: difficulty saving]
Replies: 21
Views: 2269

Re: applying for disability without attorney assistance

It's actually better to file on your own first, then get an attorney for the appeal, if there is one. Getting an attorney at the start is just a waste of 25% of that lump sum payment in a slam dunk case. I assume your father has his own doctor to make a report. Don't rely on the SSA doctor - he's on...
by caroljm36
Sun May 04, 2014 6:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: applying for disability without attorney assistance
Replies: 8
Views: 736

Re: Are my retirement dreams a mirage?

anonforthis wrote:I see a lot of old people walking around the mall during working hours. I don't really want to retire like that but I guess one can only travel so much.


Mallwalkers..that's for exercise. It's easy and safe, usually.

I doubt they leave a lot of money there.
by caroljm36
Fri May 02, 2014 1:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are my retirement dreams a mirage?
Replies: 39
Views: 4178

Re: POLL: the WORST financial advice you've given/received?

My hairdresser showed me her portfolio of funds at Edward Jones, and I advised her to get out. But I meant to get out and go to Vanguard or Fidelity, but the whole idea intimidated her and she took her money to a full service broker instead. :oops: Looking back I realize her funds weren't all that b...
by caroljm36
Sun Apr 27, 2014 4:18 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: the WORST financial advice you've given/received?
Replies: 61
Views: 15071

Re: Tell Me I'm Stupid To Consider Quitting My Job and Movin

Maybe pick a town you like, hang out your shingle and take the cases you want. Be your own boss. Set your hours. Make good money while you are at work. Enjoy yourself when you aren't. Brainstorming. Hoosier +1 Excellent advice He will need to take the bar exam in MT...dang few exceptions to the rule.
by caroljm36
Thu Apr 24, 2014 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 123
Views: 27411

Re: Short-term Bond Index Fund

I'm using it for part of my emergency funds, not sure why anymore. It used to be the thing to do, like GNMA. :|
by caroljm36
Wed Apr 23, 2014 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Short-term Bond Index Fund
Replies: 14
Views: 2116

Re: Where would you retire, if $ were no object?

Laguna-Balboa area, or San Francisco.
by caroljm36
Wed Apr 23, 2014 1:26 pm
 
Forum: Personal Consumer Issues
Topic: Where would you retire, if $ were no object?
Replies: 89
Views: 19242

Re: The reverse world of retirement investing

Read it the other day, who is retired and would be a 100% stocks and 5% withdraw rate :oops: John Rabid Ramseyites would be 100% stocks, but that's not nearly as much as Dave Ramsey promises his followers that they can withdraw. Dave advocates investing only in equities, and tells his followers the...
by caroljm36
Tue Apr 22, 2014 6:55 pm
 
Forum: Investing - Theory, News & General
Topic: The reverse world of retirement investing
Replies: 34
Views: 4791

Re: The slackening...

I've noticed in particular the children of very rich or famous to tend to have "problems" or at least underwhelming achievements. I'm thinking of musicians now but it could be any line of work. I wonder if the intense focus of the parent on things other than family (business, art, politics...
by caroljm36
Sun Apr 13, 2014 7:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: The slackening...
Replies: 61
Views: 7901

Re: Medicare - wanting basic info, choices, checklist

There is a three month window to sign up, before your birthday, and I think a three month period after as well. I signed up as soon as I was within the 3 month period so didn't really consider the latter. There is plenty of info at medicare.gov but also there is probably an aging services agency in ...
by caroljm36
Tue Apr 08, 2014 6:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare - wanting basic info, choices, checklist
Replies: 7
Views: 463

Re: Laid off today... TODO list?

Could this be any more snarky? I was the acknowledged best in my job title and still got laid off for 6 months before they called and asked me to come back to work. At over 60 years of age all of my attempts to gain employment elsewhere failed. Ok...then my post wasn't about you, and I'm sorry for ...
by caroljm36
Sun Apr 06, 2014 6:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off today... TODO list?
Replies: 97
Views: 11964

Re: Delaying Social Security - best long-term investment?

caroljm36, it confused me, too, but I concluded that it was just an error on Kitce's part and that he really intended for that "62" to be "70". Try that, and it will make sense. gee, I shouldn't have to make a leap like that...aren't these articles edited? Anyway, 65 and still h...
by caroljm36
Sun Apr 06, 2014 11:53 am
 
Forum: Investing - Theory, News & General
Topic: Delaying Social Security - best long-term investment?
Replies: 78
Views: 4023

Re: Delaying Social Security - best long-term investment?

Well it didn't take me long to get confused! The “breakeven” period with these assumptions is just over 22 years; or stated another way, for the individual who chooses to delay until age 62, it takes until beyond age 84 just to recover the economic value of having waited. How can you "delay&quo...
by caroljm36
Sun Apr 06, 2014 10:37 am
 
Forum: Investing - Theory, News & General
Topic: Delaying Social Security - best long-term investment?
Replies: 78
Views: 4023

Re: Laid off today... TODO list?

rixer wrote:
siamond wrote:

It's my understanding that your company has to pay 65% of the cobra bill for a certain number of months. check into that.


Wow, that's not what happened to me. I had to pay about 105% of actual cost after they put me on part time last year.
by caroljm36
Wed Apr 02, 2014 6:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off today... TODO list?
Replies: 97
Views: 11964

Re: Laid off today... TODO list?

You got a severance and you're able to draw unemployment. With only a year to go for your planned early retirement, some people would draw unemployment until it runs out and then retire. That's my plan. I got laid off in February and it was the happiest day of my life. :sharebeer Now I am on UE but...
by caroljm36
Wed Apr 02, 2014 6:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off today... TODO list?
Replies: 97
Views: 11964

Re: Morningstar Discussion On Roth Conversions

I didn't have a Roth until recently because I was convinced that option was meant for people who make decent money, whereas I was always in the 30k club. Maybe it was because of the examples used in the media: "say husband A and wife B together earn $160,000 a year.." LOL! are you kidding?...
by caroljm36
Mon Mar 24, 2014 7:10 pm
 
Forum: Investing - Theory, News & General
Topic: Morningstar Discussion On Roth Conversions
Replies: 11
Views: 1199

Re: Can Employer Limit 401K Contribution?

Yes I was limited to 15% for years, and no way was I a high earner! then I discovered the limit had been raised..the news was buried in yet another wordy semiannual missive from HR. (Word economy, people!) Needless to say I jumped in with both feet and got to 35% one year.
by caroljm36
Fri Mar 14, 2014 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can Employer Limit 401K Contribution?
Replies: 17
Views: 1656

Re: Purchasing physical gold??

I went to a local coin shop that has been here for years. They look up spot price right there and sell me a mint Eagle or Maple Leaf or K-rand in a plastic case for 50 over spot usually. Then I sell it back to them for spot. But we have no sales tax here and I never bought large quantities.
by caroljm36
Wed Mar 12, 2014 5:16 pm
 
Forum: Personal Consumer Issues
Topic: Purchasing physical gold??
Replies: 45
Views: 4762

Re: Poll: When did you retire? Would you do it all over agai

Forcibly retired at 65 a month ago, and lovin it. I kinda vegged out for a few weeks, but now the music business is picking up and everyone wants me for something or other.

What gets me is others' response. They seem dismayed, or something. Isn't 65 kind of a normal age to retire? :confused
by caroljm36
Tue Mar 11, 2014 11:12 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: When did you retire? Would you do it all over again ?
Replies: 103
Views: 11530

Re: How did you get through the market crash in 08-09

In Sep 2007 I discovered housing bubble blogs and boy was that ever interesting reading! It seemed like the same thing was happening everywhere...I got so alarmed that after the first dip in October I swept everything into mmkt accounts. I had recently reached 100k, the job was shaky, 10 years from ...
by caroljm36
Mon Mar 10, 2014 7:41 pm
 
Forum: Investing - Theory, News & General
Topic: How did you get through the market crash in 08-09
Replies: 104
Views: 5855

Re: 5 year rule when original Roth was closed

Note that the 5 year clock cannot start with an excess contribution, whether the excess has been corrected or not. The 5 year holding period starts with the first contribution that is not an excess regular contribution or a failed conversion before 2010. Uh oh...my Roth began with an excess contrib...
by caroljm36
Sat Mar 08, 2014 5:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: 5 year rule when original Roth was closed
Replies: 11
Views: 536

Re: 5 year rule when original Roth was closed

So, to clarify for me as I am a little foggy this morning, I can convert 10,000 to the Roth I opened in 2009 and then pull it back out next year with no penalty? Granted it won't have earned much in that time.
by caroljm36
Sat Mar 08, 2014 2:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: 5 year rule when original Roth was closed
Replies: 11
Views: 536

Re: Get ready for the Dow at 6,000 by 2016: Pro

These "pros" tend to predict what already happened in the recent past. Not really a prediction then is it?
by caroljm36
Tue Mar 04, 2014 4:49 pm
 
Forum: Investing - Theory, News & General
Topic: Get ready for the Dow at 6,000 by 2016: Pro
Replies: 46
Views: 5025

Re: How Much of Tax Refund Do You Save/Spend..??

Ours goes straight to the property tax fund. Tax refund goes to first half, and I save up some of my side money for the second half.
by caroljm36
Sun Mar 02, 2014 5:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much of Tax Refund Do You Save/Spend..??
Replies: 68
Views: 2672

Re: Use of tax software for planning

Is the software helpful or are there better ways of addressing this? I can't think of anything better. We use tax software (in our case HR Block/aka TaxCut) all the time for this purpose. It's going to be all set up from doing your 2013 income tax already so you can just save that as a WhatIf-2014 ...
by caroljm36
Sat Mar 01, 2014 12:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Use of tax software for planning
Replies: 17
Views: 1244
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