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Re: Buying a home / renting it to a friend

If you already own other rental real estate, you know the following... and it not: As a LL, you must have the same criteria for each applicant. Most LL's have something like gross income must be 3x monthly rent. Gross income must be verifiable. If an applicant does not want to "count" som...
by dm200
Fri Oct 24, 2014 2:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buying a home / renting it to a friend
Replies: 20
Views: 867

Re: Is spouse eligible for SS benefit without ever contribut

I read on the Social Security website that even if a spouse never worked under Social Security, they may be able to get spousal benefits if they are at least 62 and their spouse is already receiving Social Security retirement benefits. Can anyone shed light on how this would work? The site mentions...
by dm200
Fri Oct 24, 2014 2:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is spouse eligible for SS benefit without ever contributing?
Replies: 12
Views: 1366

Re: Buying a home / renting it to a friend

Perhaps I "worry" too much - but I would be concerned about a risk of being entangled in his (apparently significant) "off the books" cash income. Might there be an appearance that you are colluding with him in hiding this cash income?
by dm200
Fri Oct 24, 2014 1:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buying a home / renting it to a friend
Replies: 20
Views: 867

Example of Investment advisor fraud

This guy was a financial advisor for a credit union - selling investment type products and services.

http://www.washingtonpost.com/local/cri ... story.html
by dm200
Thu Oct 23, 2014 11:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Example of Investment advisor fraud
Replies: 2
Views: 559

Re: Buying a home / renting it to a friend

My friend wants me to buy a home for about $100,000 and rent it to him for about $1,000 to $1,200 with option to buy later when his financial situation / credit is sufficient. He's been begging me to do it -- and while I already have too much money in real estate and don't really want more, the mon...
by dm200
Thu Oct 23, 2014 11:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buying a home / renting it to a friend
Replies: 20
Views: 867

Re: Attorney Hourly Rates?

As I posted on another thread, one experience with hourly billing was a civil case, where I was a losing party (one of several, including former employer), and we were responsible for the winning party's expenses to collect. The winning party submitted stacks of invoices and billing "justifying...
by dm200
Tue Oct 21, 2014 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Attorney Hourly Rates?
Replies: 41
Views: 3023

Re: Attorney Hourly Rates?

Perhaps not 100% accurate for fair - but to some degree, at least, hourly billing may reward an attorney's lack of knowledge. The less he or she knows, the more time it takes and the bill goes up. That's why experienced attorneys can charge higher hourly rates than inexperienced attorneys: it shoul...
by dm200
Mon Oct 20, 2014 11:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Attorney Hourly Rates?
Replies: 41
Views: 3023

Re: Attorney Hourly Rates?

One aspect of "hourly billing" I learned the hard way - When my wife and I needed to have a comprehensive estate plan done to replace earlier documents, we engaged an attorney that was recommended. Mistake #1 - we did not make sure of the billing/charge arrangements fully upfront. We learn...
by dm200
Sun Oct 19, 2014 3:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Attorney Hourly Rates?
Replies: 41
Views: 3023

Re: Why are 401k plans expensive?

Basically, you should understand that this is one of the largest tax deductions a company can take and therefore, it is heavily regulated. Companies have to pay money for expertise to ensure they are in compliance with federal regulation. Yes - I agree with the "heavily regulated" aspect,...
by dm200
Sun Oct 19, 2014 3:19 pm
 
Forum: Investing - Theory, News & General
Topic: Why are 401k plans expensive?
Replies: 39
Views: 3031

Re: Why are 401k plans expensive?

Others with "first hand" experience may wish to comment - I have seen multiple postings in these discussions over the years that 403b (and maybe 401k) plans, costs, etc. in some jurisdictions are (somehow) influenced by or have some connection to employee unions and/or union officials. I w...
by dm200
Sun Oct 19, 2014 1:21 pm
 
Forum: Investing - Theory, News & General
Topic: Why are 401k plans expensive?
Replies: 39
Views: 3031

Re: Attorney Hourly Rates?

From my experience engaging attorneys or being engaged by attorneys - 1. It is common that attorneys bill one rate for work done in the office and a higher rate for time in Court. 2. Hourly rates usually depend on the level of the attorney. In a law firm with many attorneys, senior attorneys probabl...
by dm200
Sun Oct 19, 2014 1:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Attorney Hourly Rates?
Replies: 41
Views: 3023

Re: Why are 401k plans expensive?

I guess I got lucky. I haven't seen any fees out of my 401k, so that's probably a combination of it being at vanguard and/or my company paying them. My wife's is through Schwab, and even her fees are pretty low, something like .2%. The funds in her 401k are low-cost as well. Perhaps you (and your w...
by dm200
Fri Oct 17, 2014 11:45 pm
 
Forum: Investing - Theory, News & General
Topic: Why are 401k plans expensive?
Replies: 39
Views: 3031

Re: Why are 401k plans expensive?

My conclusion/opinion is that the total cost [irrespective of who pays for it] of administering/offering a 401k plan is significant. Much of this is, in my opinion, due to the reporting, investing and tracking requirements. Whether these are good/bad/necessary/etc. is beyond the scope of this forum ...
by dm200
Thu Oct 16, 2014 11:09 pm
 
Forum: Investing - Theory, News & General
Topic: Why are 401k plans expensive?
Replies: 39
Views: 3031

Re: Most "efficient" order to see multiple physicians?

See your specialists first and the primary care physician last. Your PCP wants to know what the specialists say because he/she is ultimately responsible for coordinating your care and implementing it. The specialists care far less what the PCP thinks or does. This and if you have any blood work or ...
by dm200
Thu Oct 16, 2014 10:57 pm
 
Forum: Personal Consumer Issues
Topic: Most "efficient" order to see multiple physicians?
Replies: 4
Views: 822

Re: What is common for a severance package?

Having been in that situation several times over the years (all with mega corps), it has varied from 1-2 weeks per year (perhaps with a cap) plus some number of months of health/medical benefits. I was not in a commission or bonus situation - but I suspect it would be base only. There are a lot of v...
by dm200
Thu Oct 16, 2014 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: What is common for a severance package?
Replies: 25
Views: 1813

Re: Helping cash poor, land rich relative

You put the mask on the child first No brainer


What???
by dm200
Thu Oct 16, 2014 1:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping cash poor, land rich relative
Replies: 24
Views: 3889

Re: Your personal risk level: Got your flu shot yet?

I do not have, nor have I ever had, any adverse reaction to any flu shot or vaccination, nor do I have any allergies. I do notice that one factor that has prevented some individuals from getting a flu shot is an allegey to eggs. I always read the required forms that must be signed when getting a flu...
by dm200
Thu Oct 16, 2014 1:24 pm
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 2990

Re: Your personal risk level: Got your flu shot yet?

No flu shot! Never have, likely never will. Not anti-vaxx crazy, just stubborn crazy. I still drive a car 20,000+ miles per year too. Manage risk or live under a rock. do everyone else a favor - if/when you get the slightest hint of the flu - stay the hell away from me and everyone else. In my stro...
by dm200
Wed Oct 15, 2014 11:18 pm
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 2990

Re: Buying Secondary Market CDs at Vanguard

Be cautious about buying brokered CDs at Vanguard or anywhere else. They are not the same thing as CDs. See this account by one Vanguard customer http://wernercohn.com/brokered_CDs.html Let me comment on this Werner Cohn article/opinion. This was over ten years ago, and the FDIC limit is now $250,0...
by dm200
Wed Oct 15, 2014 11:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buying Secondary Market CDs at Vanguard
Replies: 6
Views: 746

Re: Buying Secondary Market CDs at Vanguard

Be cautious about buying brokered CDs at Vanguard or anywhere else. They are not the same thing as CDs. See this account by one Vanguard customer http://wernercohn.com/brokered_CDs.html While they may not be EXACTLY the same as direct purchased CDs, they have many common characteristics. The most i...
by dm200
Wed Oct 15, 2014 10:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buying Secondary Market CDs at Vanguard
Replies: 6
Views: 746

Most "efficient" order to see multiple physicians?

As is the case as most of us grow older, I see several physicians (specialists) annually - as well as an annual health assessment from my primary care physician (Internal medicine). In my health plan/insurance, I do not need to have a separate referral to see a specialist if I have previously been r...
by dm200
Wed Oct 15, 2014 10:49 pm
 
Forum: Personal Consumer Issues
Topic: Most "efficient" order to see multiple physicians?
Replies: 4
Views: 822

Re: Your personal risk level: Got your flu shot yet?

Influenza routinely kills 30,000 - 40,000 people per year in the USA. Traffic crashes, about the same. The Ebola outbreak has, this year, killed about 4,500 people worldwide. The number of people dying from West Nile Virus in the USA varies from less than a hundred up to a few hundred per year. Get...
by dm200
Wed Oct 15, 2014 10:41 pm
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 2990

Re: Index usage error in Mortgage Document.

Just my opinion - but before I complained to the CFPB, members of Congress and so on, I would give the lender an opportunity (short period of time) to address and correct the issue/problem. Although less than honest/honorable motives are always possible, it is also very possible this was an inadvert...
by dm200
Wed Oct 15, 2014 6:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Index usage error in Mortgage Document.
Replies: 13
Views: 733

Re: Health Insurance - Retiree questions

Ugh, I was hoping it wouldn't be too complicated. Thanks for all your responses. I wasn't expecting health insurance to be so expensive. btw, are those costs for a single person or family plan? Also, You suggested contacting an agent. Is there a website for these agents? thanks again for all the fe...
by dm200
Tue Oct 14, 2014 6:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Health Insurance - Retiree questions
Replies: 12
Views: 1536

Re: Why did my bond funds NAV change on Columbus Day?

Speaking of holidays - You know you are old when you remember: 1. Columbus Day was celebrated on October 12 - not moved to a Monday; and 2. you actually believed (what was taught/pitched) that "Columbus Discovered America" - and nothing but good things resulted from this "Discovery&qu...
by dm200
Tue Oct 14, 2014 5:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why did my bond funds NAV change on Columbus Day?
Replies: 16
Views: 1462

Re: Why did my bond funds NAV change on Columbus Day?

... I agree. GNMA, as just one example, does not accrue the income into the NAV and the amount of the monthly dividend is based on the holding balance for each day of the month. For such bond funds, you are also never "buying the dividend". And if I may add a further detail, for such fund...
by dm200
Tue Oct 14, 2014 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why did my bond funds NAV change on Columbus Day?
Replies: 16
Views: 1462

Re: Why did my bond funds NAV change on Columbus Day?

Also NAV will increase from 3 days of accrued interest. Mostly not, for bond funds. Some, like TIPS and Vanguard's foreign bond funds, include accrued interest in NAV, but most US-based bond funds don't do that. PJW I agree. GNMA, as just one example, does not accrue the income into the NAV and the...
by dm200
Mon Oct 13, 2014 10:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why did my bond funds NAV change on Columbus Day?
Replies: 16
Views: 1462

Re: Indoor rowing machine - worth it?

I use a Concept 2 Rower (with the display, but nothing else fancy) at the community gym. I use it about 3 times a week for about 30-40 minutes each. My purpose/goal is aerobic fitness and this is part of doing 5 or 6 things rotating about 2 per day almost every day for 45-60 minutes of actual exerci...
by dm200
Mon Oct 13, 2014 5:22 pm
 
Forum: Personal Consumer Issues
Topic: Indoor rowing machine - worth it?
Replies: 73
Views: 3588

Re: Brokered CD's vs Bonds

While it is difficult to quantify, brokered CDs also have some degree (I believe small or very small) of "call risk" - if the issuing bank goes belly up and the CDs are paid early by the FDIC. Very good point! I actually owned a couple of brokered CDs years ago where this is exactly what ...
by dm200
Sun Oct 12, 2014 10:38 pm
 
Forum: Investing - Theory, News & General
Topic: Brokered CD's vs Bonds
Replies: 33
Views: 3405

Re: Brokered CD's vs Bonds

Thanks Kevin. I use an i401(k) for the majority of my retirement savings, largely so that I can do a backdoor Roth every year - thus I can't have any other IRAs. TD Ameritrade offers a lot of brokered CDs I can purchase there. Got it. Then using brokered CDs is a good way to get higher yields than ...
by dm200
Sun Oct 12, 2014 9:16 pm
 
Forum: Investing - Theory, News & General
Topic: Brokered CD's vs Bonds
Replies: 33
Views: 3405

Re: Brokered CD's vs Bonds

It is true that the bid/ask spread can hurt you with brokered CDs. You can buy a new CD and avoid the issue on purchase, but when you sell, you're likely to take a big hit. This is my experience as well. Just to make sure I understood the process, how it worked and that, if needed, I could do this ...
by dm200
Sun Oct 12, 2014 5:35 pm
 
Forum: Investing - Theory, News & General
Topic: Brokered CD's vs Bonds
Replies: 33
Views: 3405

Re: Medigap polcies - selecting for first time

That is assuming there are any MA plans offered in her zip code. Remember, in many areas of the country, MA is not an option because they are disappearing fast. More insurers are finding they are no longer as profitable as they counted on. If she is in a big urban area she can probably find more th...
by dm200
Sun Oct 12, 2014 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medigap polcies - selecting for first time
Replies: 22
Views: 1364

Re: Need Help Responding to Debt Collector (for invalid requ

Good Luck. The debt collector needs to tell you what the debt is for and other details. Be very careful about giving them any information that they can twist and use against you. In a very cautious way, though, I would state that you are not aware of any such obligations, but that you will be happy ...
by dm200
Sun Oct 12, 2014 5:28 pm
 
Forum: Personal Consumer Issues
Topic: Need Help Responding to Debt Collector (for invalid request)
Replies: 11
Views: 968

Re: Medigap polcies - selecting for first time

That is assuming there are any MA plans offered in her zip code. Remember, in many areas of the country, MA is not an option because they are disappearing fast. More insurers are finding they are no longer as profitable as they counted on. If she is in a big urban area she can probably find more th...
by dm200
Sun Oct 12, 2014 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medigap polcies - selecting for first time
Replies: 22
Views: 1364

Re: Do you every turn your smart phone off?

I've never owned a "smart phone", so I guess I've never had to turn one off. I resisted getting a "smart phone" for many years - I like to just answer calls when the cell phone rings - or respond to messages. I finally "gave in" and ordered an iPhone 6 Plus - that soul...
by dm200
Sun Oct 12, 2014 4:36 pm
 
Forum: Personal Consumer Issues
Topic: Do you every turn your smart phone off?
Replies: 36
Views: 1909

Re: Medicare Part B Premiums same for 2015

Part B premiums are based on government's prediction of what their exposure to next year's covered health costs will be. Madigap and MA premiums are based on private sector's prediction of what their exposure to next year's covered health care costs will be.. Well that adds up nicely. If medical co...
by dm200
Sun Oct 12, 2014 2:13 pm
 
Forum: Investing - Theory, News & General
Topic: Medicare Part B Premiums same for 2015
Replies: 12
Views: 1082

Re: Non performance by executrix

My sister in law was named as executrix over my in-laws estate. She did a distribution of the first estate, but has failed to perform on the last. She is not responding to the two other heirs request for information. You can guess the rest...new home, vacations, etc. The estate was not particularly...
by dm200
Sat Oct 11, 2014 11:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Non performance by executrix
Replies: 38
Views: 2937

Re: Brokered CDs - is/why the rate higher than normal bank C

I purchase a lot of Vanguard Brokered CDs for investments I manage for an organization. We are required to have investments be low risk, and investments in banks or credit unions must be FDIC or NCUA insured. Although there are often higher yields available by looking all over the country for the be...
by dm200
Sat Oct 11, 2014 2:58 pm
 
Forum: Investing - Theory, News & General
Topic: Brokered CDs - is/why the rate higher than normal bank CDs
Replies: 14
Views: 1155

Re: Brokered CDs - is/why the rate higher than normal bank C

Do I understand this correctly? 10 year brokered CDs (from FDIC insured companies such as Discover) are yielding approx. 3%? If you go to a "normal" bank their 10 year CDs are yeilding approx 2%? Why is the brokered CD rate so much higher? Is the rate that much better with brokered CDs? B...
by dm200
Fri Oct 10, 2014 11:05 pm
 
Forum: Investing - Theory, News & General
Topic: Brokered CDs - is/why the rate higher than normal bank CDs
Replies: 14
Views: 1155

Re: Cleaning Up Leaves

My house has an obscene amount of leaves every fall. In my prior home, I never had to deal with it so each year I try different strategies. Year 1: I just pushed the leaves in the mulch and left it there. Not a good move, too many of them and I heard this attracts critters. Year 2: Did a combo of c...
by dm200
Thu Oct 09, 2014 11:01 pm
 
Forum: Personal Consumer Issues
Topic: Cleaning Up Leaves
Replies: 40
Views: 3023

Re: Medicare Advantage to T Medicare plus supplement

" I choose what docs to go to and when, with no-ones permission required. With My Medicare Advantage plan I can go to any doctor that accepts Medicare with no referrals. How is that different than yours? plannerman Are you sure you have a "Medicare Advantage" plan, and not a "Me...
by dm200
Thu Oct 09, 2014 10:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage to T Medicare plus supplement
Replies: 17
Views: 793

Re: Medicare Part B Premiums same for 2015

No change in 2015 Premiums or basic deductible: http://www.hhs.gov/news/press/2014pres/10/20141009a.html Beyond just "the facts" that the 2015 Medicare premium and deductible will not change in 2015, I find it very puzzling/perplexing that this article paints such a rosy and financially h...
by dm200
Thu Oct 09, 2014 10:48 pm
 
Forum: Investing - Theory, News & General
Topic: Medicare Part B Premiums same for 2015
Replies: 12
Views: 1082

Re: SS Benefits for Recently Divorced - No longer Talking Sp

My husband and I split up years ago, but just officially got divorced recently. We are both of retirement age, but I do not know if he is collecting his social security. According to the SSA site, if he is not collecting, I am not eligible for nearly another 2 years. Since we do not talk, I have no...
by dm200
Wed Oct 08, 2014 9:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Benefits for Recently Divorced - No longer Talking Spouse
Replies: 10
Views: 1801

Re: Verizon: Upgrade iPhone - No longer "Loyal Customer"

I just purchased (will be shipped in about 3 weeks) am iPhone 6 Plus with Verizon wireless (new customer). The plan has unlimited phone and text, but some limit on data. Until now, I had just a "dumb" cell phone. I am keeping the "dumb" cell phone as a personal number, and the ne...
by dm200
Wed Oct 08, 2014 3:25 pm
 
Forum: Personal Consumer Issues
Topic: Verizon: Upgrade iPhone - No longer "Loyal Customer"
Replies: 22
Views: 3666

Re: Post disappeared before being posted

Sometimes (not all that rare), I click "Submit" and the post is still there - and I have to click "Submit" a second time - then it posts ok. I have not seen any pattern to when this happens, nor am I aware of anything different that I am doing (or not doing). The very frustratin...
by dm200
Wed Oct 08, 2014 11:03 am
 
Forum: Forum Issues and Administration
Topic: Post disappeared before being posted
Replies: 20
Views: 1291

Re: Post disappeared before being posted

Seems similar to some inconsistent things I notice when posting - Most of the time, I type the post - then click "Submit" - and it posts correctly. Sometimes (not all that rare), I click "Submit" and the post is still there - and I have to click "Submit" a second time -...
by dm200
Tue Oct 07, 2014 9:28 pm
 
Forum: Forum Issues and Administration
Topic: Post disappeared before being posted
Replies: 20
Views: 1291

Re: help me help a friend, financially

It seems to me that paying off her mortgage (compounded by withdrawing 401k returement funds to do so) would not be wise. With the mortgage - and only monthly payments due - she still has flexibility if she really needs liquid funds. There is no assurance that, if she pays it off, that she would nec...
by dm200
Mon Oct 06, 2014 10:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: help me help a friend, financially
Replies: 24
Views: 2377

Re: Red Yeast Rice

I am not any kind of medical/health/dietary/nutrition expert - but during 2011 (about 11 months), I lost about 55-60 pounds, ate "healthy" (and less), began (and continue) regular expercise. I had been taking 40 mg Simvastatin for 5-10 years or so. By the end of the year, all with full con...
by dm200
Mon Oct 06, 2014 6:25 pm
 
Forum: Personal Consumer Issues
Topic: Red Yeast Rice
Replies: 10
Views: 707

Re: POA Reporting Requirements to Family

Thanks to everyone for their replies. I checked with Adult Protective Services (Social Services) and they confirmed what you have said, that the POA has no obligation to report to anyone. The family's only recourse would be if they have reason to believe that the POA is not handling their duties ap...
by dm200
Mon Oct 06, 2014 4:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: POA Reporting Requirements to Family
Replies: 24
Views: 1578

Re: portability/conversion of employer group life: worth it?

I am ending my employment with my current employer in a couple of weeks, and the separation letter talking about my benefits mentions portability and conversion options for my employer-provided life insurance: You may elect to continue your current Life or Life/AD&D insurance coverage for yours...
by dm200
Mon Oct 06, 2014 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: portability/conversion of employer group life: worth it?
Replies: 2
Views: 161
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