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Re: apps for budgeting for daily spending

Another happy YNAB user here. I enter my spending on the go and when I get home, it automatically syncs to the desktop version. I don't have to give account numbers/passwords like Mint requires. DH is trained to save his receipts and give to me. Works on both Macs and PCs. i use the iphone app, but...
by ddunca1944
Tue Jun 18, 2013 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: apps for budgeting for daily spending
Replies: 12
Views: 1005

Re: What age did you reach 100K networth?

I think this poll would be more interesting if people posted their household income at the time their household net worth, including their home, hit $100k. Are bogleheads great savers or do they just have above average incomes? It would be interesting if people included how much of that could be at...
by ddunca1944
Mon Jun 17, 2013 4:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 158
Views: 9961

Re: What age did you reach 100K networth?

market timer wrote:Age 32. This thread makes me feel even poorer than the net worth thread showing half of you are millionaires.


Well I was in my 40's before my IRA account hit $100K. Hopefully that will make you feel better.
by ddunca1944
Sun Jun 16, 2013 2:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 158
Views: 9961

Re: Poll: How much cash do you carry?

I use a debit card for small purchases as my credit union requires 12 debit a month to earn the "high" interest rate of 1.75%. Just about everything else goes on the rewards cc. My local grocery stores don't require a signature on purchases under a certain amount. I carry a couple of blank...
by ddunca1944
Sat Jun 15, 2013 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: How much cash do you carry?
Replies: 94
Views: 4377

Re: What to do about in-law issues...

How about power of attorney? I guess durable or springing power of attorney for the wife or the daughters would be a good thing to get, if he becomes incapacitated (he has already had some health issues)? Does anyone have any thoughts on that? If you are talking about obtaining a POA after he is le...
by ddunca1944
Fri Jun 14, 2013 12:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to do about in-law issues...
Replies: 49
Views: 3944

Re: apps for budgeting for daily spending

Another happy YNAB user here. I enter my spending on the go and when I get home, it automatically syncs to the desktop version. I don't have to give account numbers/passwords like Mint requires. DH is trained to save his receipts and give to me. Works on both Macs and PCs. i use the iphone app, but ...
by ddunca1944
Fri Jun 14, 2013 11:04 am
 
Forum: Personal Finance (Not Investing)
Topic: apps for budgeting for daily spending
Replies: 12
Views: 1005

Re: Your worst financial habit

Checking the IRA balances every single day.
by ddunca1944
Fri Jun 14, 2013 9:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Your worst financial habit
Replies: 73
Views: 5126

Re: What to do about in-law issues...

Is it possible that he may already be suffering from some mental incapacity? Has he been evaluated? If is actually is already mentally imparred, do his daughters have the backbone to have him declared incompetent?
by ddunca1944
Wed Jun 12, 2013 2:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to do about in-law issues...
Replies: 49
Views: 3944

Re: What to do about in-law issues...

Unless everyone is on the same page nothing good will happen. This. Have you talked to your wife about your concerns? Are you both on the same page? If so, you need to talk to her siblings and their spouses and see if everyone is worried/concerned enough to act. If you choose an intervention, every...
by ddunca1944
Tue Jun 11, 2013 7:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to do about in-law issues...
Replies: 49
Views: 3944

Re: I want health insurance that will never deny my claim

Am I correct in thinking that with an HMO (non-Kaiser), if you go to a hospital and have a procedure done, it's possible that it could turn out that one of the doctors was an out of network contractor, in which case you would be out of luck because HMOs don't cover out of network care, and have to ...
by ddunca1944
Tue Jun 04, 2013 11:50 am
 
Forum: Personal Finance (Not Investing)
Topic: I want health insurance that will never deny my claim
Replies: 33
Views: 2915

Re: What to do when a parent's money runs out?

Though benefits are regionally dependent, does anyone know how to best find out what resources are available to low income families? I'd google search terms like "name of county, state, and senior services", "name of county, state, and senior assistance", and repeat using terms ...
by ddunca1944
Mon Jun 03, 2013 11:37 am
 
Forum: Personal Finance (Not Investing)
Topic: What to do when a parent's money runs out?
Replies: 70
Views: 6754

Re: What to do when a parent's money runs out?

She now lives in a large farmouse in the boondocks of Maine. It is too much house for her but now if she moves the mortgage comes due and it is a difficult place to sell. It is also the place of her dreams. If it is too much house for her now, that is only going to get worse. Either she will have t...
by ddunca1944
Mon Jun 03, 2013 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: What to do when a parent's money runs out?
Replies: 70
Views: 6754

Re: Should You Trust Your Retirement To A Target Date Fund?

Target Retirement funds are ideal for someone who holds most of their retirement in a tax advantaged account, whose AA fits the TR glide path, can find a low-cost option (VG has ER of only 0.17%), and who does not want to spend much time fiddling with their investments (even if they know quite a bi...
by ddunca1944
Mon Jun 03, 2013 11:00 am
 
Forum: Investing - Theory, News & General
Topic: Should You Trust Your Retirement To A Target Date Fund?
Replies: 34
Views: 3016

Re: Any leaving your broker stories you'd like to share?

http://www.youtube.com/watch?v=298nld4Yfds Give Vanguard the account details, ask them to initiate the transfer. Engage in only the minimum contact with your current provider that you have to. And, be sure to get Vanguard's help in getting the cheapest way to move / liquidate assets. It is probably...
by ddunca1944
Mon Jun 03, 2013 10:03 am
 
Forum: Investing - Theory, News & General
Topic: Any leaving your broker stories you'd like to share?
Replies: 18
Views: 1478

Re: Taxable investments account money in a prenup

Here's what my uncle did when he married. His net worth was north of 5 million. She, had an small inheritance of a few hundred thousand. Since he did not go the pre-nup route (you have to disclose all assets. You forget one, the whole thing can be tossed out due to misrepresentation or fraud), he t...
by ddunca1944
Sat Jun 01, 2013 6:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxable investments account money in a prenup
Replies: 14
Views: 911

Re: How does one sell a silver tea set?

Since it has been in the family 80 years, it seems a shame to sell it. Is there no one in the family/extended family who would treasure it as a family heirloom?
by ddunca1944
Sat Jun 01, 2013 6:19 pm
 
Forum: Personal Consumer Issues
Topic: How does one sell a silver tea set?
Replies: 11
Views: 960

Re: Downpayment Money from In-Laws

OP, I'm not going to go into whether you should accept a loan from your inlaws.... Just a couple of comments. I would NOT ask them to make it a gift. If they offer a loan, I'd ask them to accept a promissory note for repayment (with terms like interest rate and repayment schedule included). I would ...
by ddunca1944
Fri May 31, 2013 12:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Downpayment Money from In-Laws
Replies: 44
Views: 2560

Re: Mortgage Rates Increasing

Well, if it was me, I'd lock it in and go to sleep remembering when I bought a condo in 1980 and locked in a rate of 11%. Good thing too, because rates went up to about 18% later that year...... Besides, if you plan to be there a long time and rates drop significantly more (which I doubt), you alway...
by ddunca1944
Thu May 30, 2013 11:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Rates Increasing
Replies: 14
Views: 1270

Re: Kid on the way - financial decisions

Expecting my first in August So I'm probably right along with you. 529 plan - do it, even if it's just $50 a month - if you can, I started from the day I got the TIN #, have not regretted it. Compounding does work and the gains will be tax-free to you. + 1 Even better, encourage the grandparents to...
by ddunca1944
Wed May 29, 2013 2:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kid on the way - financial decisions
Replies: 25
Views: 1896

Re: Am I on the right track?

Disclaimer - I"m not trying to show off or anything, just want honest advice :) I know I should have a bigger emergency fund but I work in the heart of the tech industry so I will be able to find a job within days (if not hours) if absolutely necessary (in the short term, if there's a tech bub...
by ddunca1944
Tue May 28, 2013 6:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I on the right track?
Replies: 46
Views: 2647

Re: How large does an estate need to be

I don't have a large estate (currently about $1.2M) as I did not earn a lot of money when I was working. But they would think they'd won the lotto. They'd ignore tax saving strategies and spend it all at once. I was thinking that if it were in a trust, they could receive an annual amount and stretc...
by ddunca1944
Tue May 28, 2013 10:07 am
 
Forum: Personal Finance (Not Investing)
Topic: How large does an estate need to be
Replies: 24
Views: 2045

Re: How large does an estate need to be

In my case, the "children" are adults, in their 40's. They are not good with money and have blown off my attempts to enourage them to save/invest. I watched them handle a modest inheritance ($60K each) when their father (my ex) died. Five years later, it is gone and they have nothing to s...
by ddunca1944
Mon May 27, 2013 6:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: How large does an estate need to be
Replies: 24
Views: 2045

Re: Is spending it the easy part??

We are nearing our 70's and still enjoy travel. I'm finding that I'm willing to pay more for extra comfort - it greatlyenhances the enjoyement.
by ddunca1944
Mon May 27, 2013 4:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is spending it the easy part??
Replies: 27
Views: 2476

Re: How large does an estate need to be

I appreciate the responses, especially from bsteiner. In my case, the "children" are adults, in their 40's. They are not good with money and have blown off my attempts to enourage them to save/invest. I watched them handle a modest inheritance ($60K each) when their father (my ex) died. Fi...
by ddunca1944
Mon May 27, 2013 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: How large does an estate need to be
Replies: 24
Views: 2045

How large does an estate need to be

to warrant creating a trust?

Half a million? A million? More?

I realize that a lot depends on the state, but what if the purpose of a trust is less about avoiding probate and more about protecting an inheritance from being squandered by spendthrift heirs?
by ddunca1944
Mon May 27, 2013 11:20 am
 
Forum: Personal Finance (Not Investing)
Topic: How large does an estate need to be
Replies: 24
Views: 2045

Re: Is spending it the easy part??

I can spend it in retirement. But DH, who saved all his life, thinks there is something "bad" about taking withdrawals from the retirement accounts. I've told him, "you can't take it with you" and "this is what you've saved for" and he still has a hard time doing it.......
by ddunca1944
Mon May 27, 2013 11:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Is spending it the easy part??
Replies: 27
Views: 2476

Re: Didn't save enough for retirement, what would you do ove

If you could travel in a Delorean time machine, what would you tell yourself to do over? . I'd have acquired a better understanding of asset allocation and re-balancing. And the importance of not trying to chase returns. I did not really learn those things until after retirement. Better late than n...
by ddunca1944
Fri May 24, 2013 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Didn't save enough for retirement, what would you do over?
Replies: 38
Views: 4770

Re: Roth... to convert or not to convert?

Oh this topic is a big one for me. I used Bigfoot's spreadsheet to help me decide. I've decided to convert as much as I can within the 15% marginal rate. (We have yet to reach the age for RMD's) because if our IRA accounts continue to do well, the RMD's will push us into the 25% bracket. Now, if the...
by ddunca1944
Fri May 17, 2013 12:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Roth... to convert or not to convert?
Replies: 36
Views: 1700

Re: Emergency Room Visit -- HDHP

How mich is your deductible?
by ddunca1944
Thu May 16, 2013 12:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Emergency Room Visit -- HDHP
Replies: 58
Views: 4051

Re: Taxes in Retirement

The FIRE forum (early retirement and money) have a number of threads on this topic.
by ddunca1944
Wed May 15, 2013 9:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxes in Retirement
Replies: 4
Views: 437

Re: How do you keep all your important documents?

Inspired by this thread, I've scanned 10 years' worth of tax returns. I'm now using turbotax which lets me save the return as a pdf which will make archiving future returns a snap.
by ddunca1944
Wed May 15, 2013 6:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you keep all your important documents?
Replies: 21
Views: 1493

Re: Married, separate health insurance?

DH and I hace separate ins. I have Medicare with a supplemental plan. He has a HDHP. It's not a big deal, but we did make sure that our preferred doctors are part of both plans.
by ddunca1944
Wed May 15, 2013 2:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Married, separate health insurance?
Replies: 12
Views: 879

Re: How do you keep all your important documents?

Documents that would be difficult (or expensive) to replace are kept in the safe dep box: birth &marriage certificates, vehicle registration, title to property, etc . dd, you would be amazed how easy it actually turns out to be to replace all of these things. I once had to do these and between ...
by ddunca1944
Wed May 15, 2013 10:12 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you keep all your important documents?
Replies: 21
Views: 1493

Re: tax friendly states for retirees

rec7 wrote:Ever notice the tax free states many times have wilder weather. It is like tax free is the carrot to get you to move there.



The tax free carrot is not enough to make me consider moving to most of those places. I dislike extremes of hot and cold weather. And living near family is priceless.
by ddunca1944
Wed May 15, 2013 9:52 am
 
Forum: Personal Finance (Not Investing)
Topic: tax friendly states for retirees
Replies: 96
Views: 6313

Re: How do you keep all your important documents?

Documents that would be difficult (or expensive) to replace are kept in the safe dep box: birth &marriage certificates, vehicle registration, title to property, etc Bank and investment statements I keep in a pdf file on my computer - I keep a paper copy of the Dec statement of investment stateme...
by ddunca1944
Wed May 15, 2013 9:51 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you keep all your important documents?
Replies: 21
Views: 1493

Re: I [messed] up - Now what? ($200k in student loan debt, e

If you are single, I'd seriously consider teaching English overseas. Lots of places hire English teachers (they want a degree). The daughter of some friends did this for 20 years teaching English all over the world. She eventually got a Masters and is now back home teaching at the local CC. She star...
by ddunca1944
Tue May 14, 2013 8:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: I [messed] up - Now what? ($200k in student loan debt, etc.)
Replies: 117
Views: 8869

Re: Larson Financial

In the meantime, you'd probably be better off just buying a VG target fund direct from VG for all your retirement accounts and buying term life (assuming you actually need life insurance.) If you have money left over for taxable investing, post a specific question about that later. Paul +1 Imo, you...
by ddunca1944
Tue May 14, 2013 8:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Larson Financial
Replies: 15
Views: 819

Re: How much do your adult children know about your investme

Have I made a mistake? I don't know if it was a mistake for you or not, but the fact that both you and your wife are feeling uncomfortable is telling you something..... At what point should children have full access to parents' financial information? I really think that depends on the family. Some ...
by ddunca1944
Tue May 14, 2013 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do your adult children know about your investments?
Replies: 30
Views: 2280

Re: How much do your adult children know about your investme

I have two adult children. Unfortunately, they do not share my financial values and goals. I watched as both blew through a small ($60,000) inheritance when their father died (my ex). One put $9000 down on a house, spent $5K on braces for his (now ex) wife. Other than that, they have nothing to sho...
by ddunca1944
Tue May 14, 2013 10:08 am
 
Forum: Personal Finance (Not Investing)
Topic: How much do your adult children know about your investments?
Replies: 30
Views: 2280

Re: How much do your adult children know about your investme

I have two adult children. Unfortunately, they do not share my financial values and goals. I watched as both blew through a small ($60,000) inheritance when their father died (my ex). One put $9000 down on a house, spent $5K on braces for his (now ex) wife. Other than that, they have nothing to show...
by ddunca1944
Tue May 14, 2013 9:52 am
 
Forum: Personal Finance (Not Investing)
Topic: How much do your adult children know about your investments?
Replies: 30
Views: 2280

Re: tax friendly states for retirees

gkaplan wrote:You couldn't pay me to live in most of the tax friendly states for retirees.


+1

My priority is to live near my children & grandchildren. I also enjoy the services that my taxes pay for. Besides, our largest tax bill is to the IRS and that would be the same whichever state we lived in.
by ddunca1944
Sun May 12, 2013 8:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: tax friendly states for retirees
Replies: 96
Views: 6313

Re: Retiree poll: Expenses in retirement

Some things are more (healthcare), some are less. It is about the same overall.
by ddunca1944
Thu May 09, 2013 2:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retiree poll: Expenses in retirement
Replies: 24
Views: 3035

Re: What about spendthrift Dad (filial support laws)?

It appears that the OP's father lives in NY. When I googled "filial support laws", NY did not show up as being one of the 29 states thst have these laws...
by ddunca1944
Thu May 02, 2013 3:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: What about spendthrift Dad (filial support laws)?
Replies: 81
Views: 4831

Re: Primer on smart phones

I have an ipad also (a regular one). It is a "wifi only" : no data subscription. I use it at Starbucks, Safeway, the public library, Home Depot and any other place that has free wifi. Many restaurants have free wifi, but you have to ask them for the password. Very easy to use. In addition...
by ddunca1944
Wed May 01, 2013 1:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Primer on smart phones
Replies: 22
Views: 1236

Re: Primer on smart phones

BUT , the wife received a mini iPad as a gift and she carries it everywhere. Plays games, checks and sends email, surfs the web, down loads eBooks from our library - all at no cost. Please tell me more about the "all at no cost" aspect. 1210 P.S. Anyone....what's a "hotspot"? I ...
by ddunca1944
Wed May 01, 2013 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Primer on smart phones
Replies: 22
Views: 1236

Re:

Yes, it does seem a bit high. Here in the Pacific Northwest, we insure through SAFECO, which charges us $400 per year for a $5 million umbrella policy. I believe most companies require that you buy auto and homeowners insurance from them, before they'll sell you an umbrella policy — though there ma...
by ddunca1944
Tue Apr 30, 2013 10:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance
Replies: 39
Views: 4298

Re: Your best financial move

Signing up for my company's 401K and contributing enough to get the match. I did not know much about finances, but did figure out that it was a good deal. I did it when they were fairly new and most of my co-workers had all kinds of reasons not to. (Gradually I increased my contributions until I rea...
by ddunca1944
Sat Apr 27, 2013 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your best financial move
Replies: 98
Views: 7162

Re: Hourly financial planner...help with spousal spending

Here's what worked for us. My wife has her own credit card that I don't look at, but she's responsible for paying the bill from her account. It works. Before I would see every one of her purchases, we'd do combat over every little purchase, then I paid the bill anyway. Now I don't see the charges a...
by ddunca1944
Sat Apr 27, 2013 10:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Hourly financial planner...help with spousal spending
Replies: 23
Views: 2485

Re: College Time has arrived... and we need some advice.

If you can't afford to have your daughter live on campus without a loan then she should not live on campus. That lesson alone is probably more valuable than EVERYTHING she learns in the first year of college. edit to add: I'm a huge proponent of students living on campus, but seeing as the universi...
by ddunca1944
Fri Apr 26, 2013 2:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: College Time has arrived... and we need some advice.
Replies: 51
Views: 3746
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