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Re: Is my husband a spendthrift? Or I a tightwad?

I don't think the budget is the problem. I also use YNAB (religiously) and DH doesn't. It works because a) he gets a $500 monthly allowance to spend as he pleases (as do I). Our annual income is a fraction of yours. We use a joint credit card for the joint expenses (gas, groceries, etc). and we each...
by ddunca1944
Wed Oct 01, 2014 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Is my husband a spendthrift? Or I a tightwad?
Replies: 69
Views: 4646

Re: Assistance with Medicare costs for lowish income seniors

The Medicaid requirements vary from state to state. They could try applying but if they do qualify, they might have to change doctors and may have trouble finding doctors who will accept Medicaid. I'd look closely at their Medigap policies especially with open enrollemnt coming up. Medicare Advantag...
by ddunca1944
Tue Sep 30, 2014 2:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Assistance with Medicare costs for lowish income seniors
Replies: 11
Views: 770

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 ddunca1944
Mon Sep 29, 2014 4:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: See both financial advisor and elder law lawyer for Mom?
Replies: 44
Views: 1967

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

I can't imagine any sane person that would choose to go on Medicaid. Check with her current doctors and see which ones will accept Medicaid. I've seen it first hand and her options are limited, just read an article yesterday that showed how Medicaid patients were having to wait months for appointme...
by ddunca1944
Mon Sep 29, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: See both financial advisor and elder law lawyer for Mom?
Replies: 44
Views: 1967

Re: Biggest discretionary expense in retirement?

For us, that is travel.
by ddunca1944
Mon Sep 22, 2014 2:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Biggest discretionary expense in retirement?
Replies: 29
Views: 2920

Re: how to prevent medical expense catastrophe?

Before this thread gets locked, I'd like to ask:
"Is there ANYTHING the average person (not a physician nor an attorney) before having any sort of treatment to protect themselves from this sort of skulldrudgery?

Any suggestions?
by ddunca1944
Sun Sep 21, 2014 8:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to prevent medical expense catastrophe?
Replies: 174
Views: 7532

Re: Need help protecting assets (marriage)

If you were my son, I'd advise you to keep the house & land in your name and not worry about the rest. Best wishes! In a divorce, how does that play out in a community property state like Texas? I'm not an attorney, but my best guess is that it would depend on a number of factors: Length of mar...
by ddunca1944
Sun Sep 21, 2014 2:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need help protecting assets (marriage)
Replies: 46
Views: 4526

Re: Need help protecting assets (marriage)

If you were my son, I'd advise you to keep the house & land in your name and not worry about the rest.
Best wishes!
by ddunca1944
Sun Sep 21, 2014 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Need help protecting assets (marriage)
Replies: 46
Views: 4526

Re: Part D Sticker Shock

Do you have the Humana Walmart RX Plan available? At medicare.com it shows it's $12.60 mth but that is for the rest of the year. It isn't clear to me what it will be in 2015. I have this plan (I do not take any pres drugs, so shop for the cheapest plan a ailable). Received notice today tjat the pre...
by ddunca1944
Sat Sep 20, 2014 4:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Medicare] Part D Sticker Shock
Replies: 21
Views: 2214

Re: Any success stories of ppl who never made >$50,000?

I'm retired now, but never made $50K in my working years. The last few years before he retired DH made low $60's. Most of my working life, I was a single parent (of two children and no child support) so was the sole provider for three. I did manage to save, tried to handle my finances prudently, and...
by ddunca1944
Wed Sep 17, 2014 5:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 10013

Re: How do you store your electronic account statements?

For those of you who have gone paperless and no longer get physical paper statements from your financial providers (eg. Vanguard, Schwab, your bank or credit union, credit card provider, etc), I have the following questions... 1) Do you periodically download the electronic pdf statements from the p...
by ddunca1944
Wed Sep 17, 2014 1:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you store your electronic account statements?
Replies: 24
Views: 1670

Re: How much to self insure LTC and longevity? hypothetical

LTC would consume most or all of this couple's income if not more. What is the one not requiring LTC going to live on? This question is exactly why we chose to purchase LTCi. It's not for the person needing long term care so much as it is to help the healthy spouse avoid impoverishment. My mother h...
by ddunca1944
Tue Sep 16, 2014 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much to self insure LTC and longevity? hypothetical
Replies: 13
Views: 708

Re: Should I step in to help my in law pay off credit card d

What does your husband say? Ralph This is your husband's mother, right? If he agrees, and this is NOT a pattern MIL has, and you can afford the $3k, then just pay it off. Or, if all three of you would feel better about it, let her pay you a small amount per month, indefinitely. Better than paying c...
by ddunca1944
Mon Sep 15, 2014 7:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I step in to help my in law pay off credit card debt
Replies: 31
Views: 2638

Re: Rental property with in-laws: please help!

I don't see why you should be on the hook for the entire 43k. The amount you benefited, i.e. the 15,000 would be fair. It sounds like your in-laws are taking you to the cleaners. That is how I feel. While they did pay the negative cash flow portion, they made up for it in other ways (for instance c...
by ddunca1944
Mon Sep 15, 2014 7:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental property with in-laws: please help!
Replies: 128
Views: 7815

Re: Alzheimer's and Prenup

Daisy, I am so sorry you are facing this dreadful situation. My mother is in the later stages of this awful disease and I will tell you that it is harder on the family than the patient. Please, please, asap do as other posters suggested and see an attorney. Have your own documents updated and find o...
by ddunca1944
Fri Sep 05, 2014 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's and Prenup
Replies: 20
Views: 2989

Re: Help out family without compromising my own retirement?

How old are your parents? Do they work? Or are they old enough for SS? Who pays the utilities? I'd start by finding out what resources may be available to them in your area. They may qualify for low income housing for example. Has your brother applied for unemployment? Food stamps? You are already b...
by ddunca1944
Fri Aug 29, 2014 4:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help out family without compromising my own retirement?
Replies: 72
Views: 5671

Re: Where can I get a job like this?

This weekend job will allow me to bring my toddlers with me. I'm thinking if I can find an elderly/or elderly couple that want someone to talk to, cook lunch, dinner and a little clean up on these 2 days 8am-5pm. I'm a good cook and very clean. I have to be able to bring my toddlers and make 1k a m...
by ddunca1944
Fri Aug 29, 2014 11:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Where can I get a [toddler-friendly weekend] job? Update
Replies: 33
Views: 3646

Re: My husband's " WILL", $ left for me to live on....

But I have to admit, when he showed me his "will" I was heart broken especially when he mentioned about " the reason I'm only giving you this amount is to so you can get public assistance this way" did start to wonder what kind love he have towards me. I'd be inclined to ask him...
by ddunca1944
Thu Aug 28, 2014 7:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17409

Re: My husband's " WILL", $ left for me to live on....

Everyone seems to be ignoring the OP's acknowledgment that she signed a prenup. All this discussion may be moot if she waived all her rights in his estate. Gill She did not waive the rights of the minor child. What can NOT be included in prenuptial agreements State laws restrict what can and cannot...
by ddunca1944
Thu Aug 28, 2014 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17409

Re: My husband's " WILL", $ left for me to live on....

Or can one write a pre-nup stating that he or she has no legal or financial obligation to any minor offspring in case of divorce?


I'm no attorney (and hopefully an attorney will respond), but I'm pretty sure a prenup can't prevent one from having a financial obligation to minor offspring...
by ddunca1944
Thu Aug 28, 2014 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17409

Re: My husband's " WILL", $ left for me to live on....

Even if you did sign a prenup, that doesn't apply to child support. A decedent has no obligation of child support. He can disinherit the child completely. Gill True. I was thinking in the event of a divorce. And if she stays married, it'd be better if she knew ahead of time what her chances were of...
by ddunca1944
Thu Aug 28, 2014 4:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17409

Re: My husband's " WILL", $ left for me to live on....

I am just floored. You are 50 with a young child. If your husband dies and has his way, you and your child will be living on the edge of poverty. I would not accept this. Even if you did sign a prenup, that doesn't apply to child support. You say "everything else is fine" so you won't divo...
by ddunca1944
Thu Aug 28, 2014 4:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17409

Re: If you had an extra $100,000

We are already retired. Have already paid off the mortgage. No interest in a vacation home.

So, if $100K dropped into our laps, we'd spend about $25K on a small lightweight fiberglass travel trailer and put the rest into VG's Tax Managed Balanced fund.
by ddunca1944
Thu Aug 28, 2014 10:14 am
 
Forum: Personal Finance (Not Investing)
Topic: If you had an extra $100,000
Replies: 68
Views: 7241

Re: need birth certificate to file for SS?

I had to mail my official birth certificate in when I filed for SS.
by ddunca1944
Sun Aug 24, 2014 6:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: need birth certificate to file for SS?
Replies: 14
Views: 1446

Re: [If over 50] Do you prepare for long term care

I'm 64 and a half and am ignoring long term care issues. I have more exciting things to be concerned about for the next decade or two. Call me foolish if you like, it won't bother me... I like your attitude. When people are talking about SWRs of ~2%, then I think it likely they can handle high expe...
by ddunca1944
Thu Aug 07, 2014 6:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: [If over 50] Do you prepare for long term care
Replies: 43
Views: 2133

Re: Sensible planning for MediGap choices given price disper

1) How did you choose your MediGap policy? We first looked at the different plans (C, F, G, etc) and decided that we wanted the F plan. Then we looked at the state's insurance website and evaluated the number of complaints each company had. We based our choice of company on their service rating com...
by ddunca1944
Mon Aug 04, 2014 11:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Sensible planning for MediGap choices given price dispersion
Replies: 18
Views: 636

Re: Is Medigap insurance really needed?

betterdays wrote:Let me clarify my question.

Will Medigap plan F cover ALL the medical expense(s) left over after medicare pays their part for covered expense(s)?

Thanks


No - it won't cover dental or vision expenses.
by ddunca1944
Sun Aug 03, 2014 6:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is Medigap insurance really needed?
Replies: 83
Views: 4347

Re: Is Medigap insurance really needed?

It's a waste unless one becomes really ill or injured. My husband was treated for cancer last year. It was a simple cancer. First there were diagnostic tests, then surgery, then a series of radiation treatments, then follow up tests. His Medigap policy paid $41,624. Our out of pocket cost was $3000....
by ddunca1944
Sat Aug 02, 2014 11:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Is Medigap insurance really needed?
Replies: 83
Views: 4347

Re: How to keep family informed

I have a white binder labeled "Will Book". My son knows where it is kept. In it are copies of our wills, Health Care dieectives, P of A's. Also a list of who to call in emergencies, a list of institutions where accounts are located (with accounts numbers), life ins information, SS numbers,...
by ddunca1944
Wed Jul 30, 2014 12:24 am
 
Forum: Personal Finance (Not Investing)
Topic: How to keep family informed
Replies: 35
Views: 3279

Re: Pay a stay-at-home spouse, fund a solo-401k?

Why not do a spousal IRA?
by ddunca1944
Sat Jul 26, 2014 2:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay a stay-at-home spouse, fund a solo-401k?
Replies: 9
Views: 1247

Re: Paycheck division/saving for yearly expenses & contribut

We have everything go into a high interest checking account. I use YNAB (You Need A Budget) to create categories for monthly, annual, bi-annual expenses. I use the category balances, rather than the checking account balance, when making spending decisions.

Much easier than multiple accounts, imo.
by ddunca1944
Sat Jul 26, 2014 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Paycheck division/saving for yearly expenses & contributions
Replies: 10
Views: 1260

Re: How to track expenses to the penny?

I use YNAB (You Need A Budget) software to track and budget. It's user friendly and the iphone app makes it easy to enter spending on the fly. If I 'm buying things in multiple categories, I group them and ask the cashier to sub total each group. Or just ring them up as separate transactions. It's n...
by ddunca1944
Tue Jul 22, 2014 12:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to track expenses to the penny?
Replies: 40
Views: 2758

Re: How would you handle this situation if it was you.

If it was me, I would 1) Sell the car and get a much cheaper car, preferably with no payment (that should also lower the ins premium as well) 2) Dump the cell and go to a prepaid or pay as you go. I'm paying $40/mo for my grandson's phone (unlimited voice and texts, limited data) 3) Pay off any and ...
by ddunca1944
Mon Jul 21, 2014 6:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: How would you handle this situation if it was you.
Replies: 15
Views: 2015

Re: Poll - Do you use Quicken?

Former Quicken user. Now I use YNAB for budgeting. Mac
by ddunca1944
Mon Jul 21, 2014 1:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll - Do you use Quicken?
Replies: 85
Views: 5263

Re: Anyone here use Personal Capital?

SuperGrafx wrote:
I was also a bit concerned about an external website having access to all my accounts.


I was concerned enough to delete my account with them and change my VG password
by ddunca1944
Sat Jul 19, 2014 2:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone here use Personal Capital?
Replies: 52
Views: 5625

Re: Buy a condo for college?

If your sons are responsible, it can be a great idea. My sis and BIL did that when his son went to college. The kid got a roommate, charged rent and that was his spending money. When he graduated, they sold the condo at a profit.
by ddunca1944
Fri Jul 18, 2014 6:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buy a condo for college?
Replies: 29
Views: 2561

Re: Anybody have any experience with Medicare IRMAA?

So in other words, we should take my husbands name off the house before we sell? He will be eligible for Medicare in 2016. Does anyone have any experience with this issue? Yes, we sold a rental house in 2012 resulting in a taxable income over twice our normal taxable income. Not only are we paying ...
by ddunca1944
Sun Jul 13, 2014 7:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anybody have any experience with Medicare IRMAA?
Replies: 9
Views: 612

Re: Anybody have any experience with Medicare IRMAA?

Does anyone have any experience with this issue? Yes, we sold a rental house in 2012 resulting in a taxable income over twice our normal taxable income. Not only are we paying $209.80 (each) for Medicare Part B, we are also paying an additional $31.10/mo IRMAA on our Part D premium of $12.60.... Ou...
by ddunca1944
Sun Jul 13, 2014 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anybody have any experience with Medicare IRMAA?
Replies: 9
Views: 612

Re: Dip into IRAs to pay off CC debt?

Thanks, this is all great advice. We'll see how this first month of budgeting goes and report back before we make any big changes like selling the rental. Looking into YNAB. Family business has been around 30+ years. It's fairly strong. Two family members (who started the business) are retiring in ...
by ddunca1944
Tue Jul 08, 2014 7:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dip into IRAs to pay off CC debt?
Replies: 28
Views: 2104

Re: Retiring without any Direction

If your mom wants to travel, then your mom should travel without your dad. If she makes excuses about that, then …. +1 If she wants to go to Europe, she should look at the Rick Steves tours... Friends just got back from a 3 week RS tour and said three of the group were married women traveling witho...
by ddunca1944
Mon Jul 07, 2014 12:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retiring without any Direction
Replies: 26
Views: 2129

Re: Am I on track ?

Age: 33 single mom --single income Marginal Tax Federal 10% State 0 Emergency Fund: 60K Debt: 145K mortgage Pension will be about 80% of last 36 months salary Salary 45K There's something here that doesn't make sense to me. The 10% federal marginal rate for single filers is for incomes up to $9,075...
by ddunca1944
Sun Jul 06, 2014 5:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I on track ?
Replies: 16
Views: 1831

Re: Am I on track ?

Age: 33 single mom --single income Marginal Tax Federal 10% State 0 Emergency Fund: 60K Debt: 145K mortgage Pension will be about 80% of last 36 months salary Salary 45K 800K Term Life Insurance Vanguard Target Retirement 2045 Fund : balance 195K Currently, I can only contribute 5K a year to Roth d...
by ddunca1944
Sat Jul 05, 2014 5:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I on track ?
Replies: 16
Views: 1831

Re: Buying adult child a house vs paying their rent

The pregnancy throws a wrench into it all, since there is no way the mom, who is grandma of the baby to be, will NOT pay utilities for the baby's safety. Now the daughter has "need" for a cell phone in case of emergency. Cable and internet are a luxury they are already going without. lafd...
by ddunca1944
Sat Jul 05, 2014 5:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying adult child a house vs paying their rent
Replies: 37
Views: 4236

Re: Retirees - What % of your income is for basic essentials

I estimated about 55% to 60% of our income goes to essentials. That would be without moving or otherwise lowering our standard of living. It entails cutting entertainment sharply and eliminating travel other than short outings. We could live on about 1/3 of our income if we had to, but it would mean...
by ddunca1944
Thu Jul 03, 2014 5:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirees - What % of your income is for basic essentials
Replies: 25
Views: 2237

Re: In retirement you expect you standard of living to?

Although I voted "stay the same", (because that is what we expected and hoped for), our standard of living has actually gone up. We are in year 7 of retirement.
by ddunca1944
Thu Jul 03, 2014 10:48 am
 
Forum: Personal Finance (Not Investing)
Topic: In retirement you expect your standard of living to?
Replies: 55
Views: 4655

Re: How are you doing through the first half of 2014?

We are up 5.5% YTD (AA is 45/55)
by ddunca1944
Wed Jul 02, 2014 2:35 pm
 
Forum: Investing - Theory, News & General
Topic: How are you doing through the first half of 2014?
Replies: 91
Views: 9870

Re: Help with inheritance for disabled brother-in-law

I'm puzzled as to why you feel a special needs trust would preclude using the money for housing? Have you talked to an attorney who specializes in special needs trusts? That would be my first step... (I have a special needs trust account for my disabled granddaughter. It is very inexpensive because ...
by ddunca1944
Wed Jul 02, 2014 11:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Help with inheritance for disabled brother-in-law
Replies: 6
Views: 541

Re: [Poll] Which do you include in Asset Allocation?

surfstar wrote:My retirement accounts (Roth and 457b) are all I look at for AA purposes.
I exclude future pension, paltry SS, checking/savings/EF, etc.


+1
This is what I do as well.
by ddunca1944
Tue Jul 01, 2014 4:53 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] Which do you include in Asset Allocation?
Replies: 41
Views: 2735

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

No one other than my spouse.
Can't tell my kids (they are struggling)
Can't tell my sis (she'll think I'm bragging)
Can't tell friends; we are better off. It would sound like bragging.

I do post on financial message boards....
by ddunca1944
Sat Jun 28, 2014 10:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who do you talk with about your financial goals?
Replies: 158
Views: 9249

Re: Washington State Education Bond vs 529

Are you referring to the GET (Guaranteed Education Tuition) program?
I have that for my grandkids. Started about 2005 and very happy with it.
by ddunca1944
Wed Jun 25, 2014 10:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Washington State Education Bond vs 529
Replies: 2
Views: 218
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