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Re: Poll: Net cost of your checking account annually?

I put "0". However, I do pay $12 annually to belong to the credit union's "Premier Club" (for those over 60). For the $12, I get a box of free checks and 50% off the cost of a safe deposit box. Since a box of checks costs more than $12, I figure I'm still ahead.
by ddunca1944
Wed Nov 19, 2014 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Net cost of your checking account annually?
Replies: 44
Views: 2212

Re: Deciding When to Retire

Cosmo wrote:The decision is based upon:

1) when you have enough.
2) When you had enough.

Cosmo


+1

I had "had enough"
by ddunca1944
Sat Nov 15, 2014 6:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deciding When to Retire
Replies: 47
Views: 4924

Re: War on Debt

However the basic reality is clear: if one has a lot of debt and isn't willing to consider wide ranging job, career or location changes to make significantly more money, or truly radical reductions in living standard required to reduce the debt in a reasonable period without a serious income boost,...
by ddunca1944
Mon Nov 10, 2014 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: War on Debt
Replies: 247
Views: 23869

Re: Roth IRA strategy

This uses 4 IRAs: Main TIRA "separate" TIRA Main Roth "separate" Roth I am intrigued with this strategy, but have a question... I have only one TIRA. Since I am retired and have no working income, how do I go about creating a "separate" TIRA? Can I transfer fund from m...
by ddunca1944
Sat Nov 08, 2014 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Roth IRA strategy
Replies: 11
Views: 1891

Re: Preparing Spouse Threads

... My wife wants to know what to do if something happens to me ... Any thoughts? As I get older, I wonder if it might be easier to simply put everything, both taxable and tax-advantaged, into one fund. I have been thinking the same thing, one of the following funds and a handful of ibonds for &quo...
by ddunca1944
Wed Nov 05, 2014 11:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Morbid Question
Replies: 28
Views: 4026

Re: Joint accounts or separate accounts for married couples?

We have a joint account: All income goes into it. The majority of expenses are paid from it. We also each have a personal checking account for "fun" money. I can spend "my" fun money on mani/pedi's or gifting the grandkids without worrying that he'll think I'm being a spendthrift...
by ddunca1944
Fri Oct 31, 2014 10:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Joint accounts or separate accounts for married couples?
Replies: 59
Views: 4596

Re: Best health insurance plan for a bad year (cancer)?

There was a thread not too long ago about a man who had surgery. He did his homework verifying tnat the hospital, surgeon, anestheologist etc were all in network. While he was in surgery, am out of network dr assisted and billed him over $100,000. I'd be very wary of a plan tnat had 0 coverage for n...
by ddunca1944
Sat Oct 25, 2014 6:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Best health insurance plan for a bad year (cancer)?
Replies: 30
Views: 2348

Re: Gross Yearly Income needed in Retirement (Speculation)

We are into Year 7 of retirement. Our gross income (SS & pension) is $84K annually (We pay $11K for health ins premiums: Medicare, Medigap, Part D and a dental policy.) is enough to be comfortable. No debt of any kind. We take a couple of domestic trips annually. We also take one international t...
by ddunca1944
Wed Oct 22, 2014 4:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12877

Re: Mortgage from family member

We loaned my son the money to purchase a house. He signed a promissary note and we hold a lien on the property. He was injured some months ago and has not been able to work, so is behind on payments. We do not need the money so it has not caused us a hardship; we'd write it off as a gift, but he won...
by ddunca1944
Wed Oct 15, 2014 8:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage from family member
Replies: 21
Views: 1662

Re: Non performance by executrix

Respectfully, I think next steps for you/your spouse on the matter are simple though not easy. Call the PR/executorix and ask her if she wants you/your spouse to take over, and if not get a commitment from her for a firm date for specific action, and if that's not met then hire a lawyer. If you don...
by ddunca1944
Mon Oct 13, 2014 2:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Non performance by executrix
Replies: 39
Views: 3294

Re: Non performance by executrix

Is there a third party that is trusted by all of the heirs who might intervene? This reason I am asking - My ex died about 7 years ago and my younger son became the executor (his brothers did not want the hassle). It was a mess: he died in another state; there was no will, two properties (both with ...
by ddunca1944
Sun Oct 12, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Non performance by executrix
Replies: 39
Views: 3294

Re: $400 reward to open Chase accounts

I cashed in on many of these offers multiple times and then closed the accounts each time. I refuse to play their constant cat and mouse game of trying to extract fees from me. I think they finally tagged me and stopped sending me the offers (my wife still gets them). I've done this twice already. ...
by ddunca1944
Sun Oct 12, 2014 10:28 am
 
Forum: Personal Finance (Not Investing)
Topic: $400 reward to open Chase accounts
Replies: 41
Views: 10251

Re: Retired and end of month checking account balance?

I keep sinking funds in our checking account (for things like property taxes, homeowners ins, emergency vet visits and OOP healthcare expenses). Usually have a cushion of about $10K in the checking account. My credit union pays 1.5% interest on checking up to $10K.
by ddunca1944
Sun Oct 12, 2014 10:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Retired and end of month checking account balance?
Replies: 21
Views: 2470

Re: Cash In Credit Card Points? Or Keep Accumulating?

I save our rewards to use towards an annual international trip. I recently redeemed them to pay the fees associated with redeeming miles for a round trip flight to Europe next year.
by ddunca1944
Mon Oct 06, 2014 9:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Cash In Credit Card Points? Or Keep Accumulating?
Replies: 28
Views: 2603

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 10:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Is my husband a spendthrift? Or I a tightwad?
Replies: 198
Views: 16435

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 1:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Assistance with Medicare costs for lowish income seniors
Replies: 13
Views: 1134

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 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: See both financial advisor and elder law lawyer for Mom?
Replies: 45
Views: 2566

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 12:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: See both financial advisor and elder law lawyer for Mom?
Replies: 45
Views: 2566

Re: Biggest discretionary expense in retirement?

For us, that is travel.
by ddunca1944
Mon Sep 22, 2014 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Biggest discretionary expense in retirement?
Replies: 29
Views: 3055

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 7:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to prevent medical expense catastrophe?
Replies: 174
Views: 8041

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 1:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need help protecting assets (marriage)
Replies: 46
Views: 4627

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 10:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Need help protecting assets (marriage)
Replies: 46
Views: 4627

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 3:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Medicare] Part D Sticker Shock
Replies: 21
Views: 2343

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 4:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 10299

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 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you store your electronic account statements?
Replies: 24
Views: 1775

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 11:57 am
 
Forum: Personal Finance (Not Investing)
Topic: How much to self insure LTC and longevity? hypothetical
Replies: 13
Views: 734

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 6:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I step in to help my in law pay off credit card debt
Replies: 31
Views: 2685

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 6:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental property with in-laws: please help!
Replies: 128
Views: 8109

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 9:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's and Prenup
Replies: 20
Views: 3072

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 3:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help out family without compromising my own retirement?
Replies: 72
Views: 6112

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 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Where can I get a [toddler-friendly weekend] job? Update
Replies: 33
Views: 3740

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 6:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 18120

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 3:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 18120

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 3:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 18120

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 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 18120

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 3:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 18120

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 9:14 am
 
Forum: Personal Finance (Not Investing)
Topic: If you had an extra $100,000
Replies: 68
Views: 7534

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 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: need birth certificate to file for SS?
Replies: 14
Views: 1456

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 5:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: [If over 50] Do you prepare for long term care
Replies: 43
Views: 2264

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 10:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Sensible planning for MediGap choices given price dispersion
Replies: 18
Views: 751

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 5:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is Medigap insurance really needed?
Replies: 83
Views: 4630

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 10:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Is Medigap insurance really needed?
Replies: 83
Views: 4630

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
Tue Jul 29, 2014 11:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to keep family informed
Replies: 35
Views: 3411

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

Why not do a spousal IRA?
by ddunca1944
Sat Jul 26, 2014 1:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay a stay-at-home spouse, fund a solo-401k?
Replies: 9
Views: 1332

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 9:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Paycheck division/saving for yearly expenses & contributions
Replies: 10
Views: 1301

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 11:02 am
 
Forum: Personal Finance (Not Investing)
Topic: How to track expenses to the penny?
Replies: 40
Views: 2898

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 5:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: How would you handle this situation if it was you.
Replies: 15
Views: 2028

Re: Poll - Do you use Quicken?

Former Quicken user. Now I use YNAB for budgeting. Mac
by ddunca1944
Mon Jul 21, 2014 12:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll - Do you use Quicken?
Replies: 85
Views: 5517

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 1:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone here use Personal Capital?
Replies: 52
Views: 6145

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 5:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buy a condo for college?
Replies: 29
Views: 2587
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