Search found 557 matches

by donall
Wed Jul 29, 2015 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Hefty Medical Bill
Replies: 38
Views: 2863

Re: Hefty Medical Bill

If you are in a state that has expanded Medicaid and your monthly earnings amount is less than the cutoff for Medicaid, look into Medicaid, as Medicaid may have a look back period of 3 months as long as the bill was not paid. We have this in our state, but am not sure of how this works in other stat...
by donall
Sun Jul 26, 2015 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: Unsure how to proceed with retirement options for teaching job
Replies: 3
Views: 411

Re: Unsure how to proceed with retirement options for teaching job

I hope you will talk to someone in HR, as this is a most confusing document. I'm not sure your wife has a choice, as it seems that there are not options, but which plan your wife will have is dependent on her classification as an employee.
by donall
Sun Jul 26, 2015 9:48 pm
Forum: Personal Consumer Issues
Topic: Would you look down on a co-worker for driving a beater?
Replies: 172
Views: 10475

Re: Would you look down on a co-worker for driving a beater?

Are you trying to impress someone who will be at the office party? Maybe just rent a car because your car is in the shop.
by donall
Sat Jul 25, 2015 2:53 pm
Forum: Personal Consumer Issues
Topic: GE Profile Arctica Freezer issues
Replies: 7
Views: 616

Re: GE Profile Arctica Freezer issues

Yes, just went through this with a refrigerator, doing all the recommendations for fixes. Same symptoms. It had a tiny freon leak, so not much could be done.
by donall
Wed Jun 17, 2015 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: My grandparents need their hodgepodge of investments sorted out
Replies: 14
Views: 1913

Re: My grandparents need their hodgepodge of investments sorted out

I think it is important to find out what the needs are of your grandparents. $150,000 will not go far if there are long term care needs that need to be met with this money.
by donall
Fri Jun 05, 2015 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Advice on restructuring elderly parent's portfolio
Replies: 12
Views: 1197

Re: Advice on restructuring elderly parent's portfolio

Great advice from others. You have to know the tax situation. Seniors often pay very little federal tax due to the large amount of deductions on schedule A. Just the premiums for Medicare part B, Medigap, and Medicare part D for two will be close to the standard deduction. Add in dental, vision, hea...
by donall
Tue Jun 02, 2015 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Citizenship and Social Security
Replies: 7
Views: 826

Re: Citizenship and Social Security

ACA does not allow pre-existing conditions to be part of health insurance eligibility, so I am not sure what you are asking. The following link from SS may be helpful in your situation for SS in USA and Canada
http://www.ssa.gov/international/Agreem ... anada.html
by donall
Thu Apr 30, 2015 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Guidance About New Spouse's IRS Issues
Replies: 47
Views: 3123

Re: Guidance About New Spouse's IRS Issues

Just read this article in the NYTimes and thought it very relevant to your situation:
http://www.nytimes.com/2015/04/30/opini ... ref=topics

It seems that your husband is not alone.
by donall
Tue Apr 28, 2015 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Help Choosing Survivor Pension Option (50% vs 100%)
Replies: 25
Views: 2043

Re: Help Choosing Survivor Pension Option (50% vs 100%)

At 62, term life insurance can be pricey, especially if there is a health condition, and there is no cola.
by donall
Tue Apr 28, 2015 10:31 pm
Forum: Personal Consumer Issues
Topic: What is the best roofing material?
Replies: 17
Views: 1975

Re: What is the best roofing material?

Wood shingles add to the esthetic value of the house. The house will look very different with a different roofing material. Wood shakes last quite a long time (20-40 years), as the natural groves in the split wood are natural water pathways. How steep is your roof? What is under the wood shakes? Wha...
by donall
Tue Apr 28, 2015 10:14 pm
Forum: Personal Consumer Issues
Topic: My new dishwasher doesn't clean
Replies: 64
Views: 8481

Re: My new dishwasher doesn't clean

Yes, we had the same problem with a new dishwasher two years ago. We ended up using half the amount of detergent. Periodically we throw in a 1/2 cup of vinegar.
by donall
Fri Apr 24, 2015 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Approach to Second Act Career Switch
Replies: 22
Views: 2488

Re: Approach to Second Act Career Switch

Instead of jumping into a new career, do what others have done in your situation: - Take a long vacation or leave of absence. - Start to develop your outside interests, volunteer, professional affiliations into a second career. Taking small steps usually works better than a big step that might be in...
by donall
Tue Mar 31, 2015 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: My car is (supposedly) totaled. What to do?
Replies: 26
Views: 2594

Re: My car is (supposedly) totaled. What to do?

I'd take option #1 and not buy a car. I would rent a car for the few times I need one.
by donall
Mon Mar 30, 2015 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Implications of Marriage - she with debt and low income (WI)
Replies: 71
Views: 7654

Re: Implications of Marriage - she with debt and low income

banditking, you write: "She would continue, because of her low income (after business expenses), to qualify for subsidized ACA and possibly other assistance since my income is not factored into hers Should she return to school and close the business or otherwise stop working, there would be a h...
by donall
Sat Mar 28, 2015 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Mom seeking financial help - what to do?
Replies: 62
Views: 5482

Re: Mom seeking financial help - what to do?

Work with mom in setting up a monthly auto payment plan with IRS. Then automatically transfer that amount monthly to mom's account until the debt is paid up. Take the opportunity to work with mom and educate her on finances and taxes. It sounds like she needs more help with finances.
by donall
Fri Mar 27, 2015 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: 401k vs. state pension
Replies: 6
Views: 660

Re: 401k vs. state pension

I don't think there is enough information for advice. How much is the pension? What is the formula? Can you really retire after 20 years (for you that would be 47)? What investments does the ORP have? Are they low cost? What is the spousal benefit? Note that both ORP and SERS impact Social Security.
by donall
Mon Mar 23, 2015 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Corrected 1099-DIV: Do I have to amend my return?
Replies: 12
Views: 1373

Re: Corrected 1099-DIV: Do I have to amend my return?

I would. Amending a return is easy if you already have it set up on tax software.
by donall
Sat Mar 21, 2015 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Newly retired teacher - tax questions
Replies: 5
Views: 723

Re: Newly retired teacher - tax questions

Assuming a solo small business, the health insurance premiums (for her) are a deductable business expense.
by donall
Mon Mar 09, 2015 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Parents:Have you had any luck teaching your kids about money
Replies: 40
Views: 3124

Re: Parents:Have you had any luck teaching your kids about m

We've had 50/50 results with the same teaching.
by donall
Sun Feb 01, 2015 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Loan Terms -- Helping a friend going through Divorce?
Replies: 39
Views: 3853

Re: Loan Terms -- Helping a friend going through Divorce?

If you do make a loan to a friend or relative, have regular direct deposits made to your account. That way it is on autopilot.
by donall
Wed Jan 07, 2015 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Help my 67 y/o mother retire
Replies: 14
Views: 1981

Re: Help my 67 y/o mother retire

If you can chip away at this, it would be good, as I doubt that you can make a quick, overall bogle-type change. It does sound like your mom has sufficient resources for retirement. You might want to investigate her social security options that include the spousal benefit (if married 10 years or mor...
by donall
Wed Jan 07, 2015 1:40 pm
Forum: Personal Consumer Issues
Topic: Slovenia And Croatia In May
Replies: 25
Views: 1927

Re: Slovenia And Croatia In May

Plitvice Lakes National Park (Plitvička Jezera) is one of Croatia's beautiful spots.
by donall
Wed Jan 07, 2015 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Help with financial planning - Spouse died in Nov
Replies: 9
Views: 1250

Re: Help with financial planning - Spouse died in Nov

Are you and DD getting Social Security benefits?
by donall
Wed Jan 07, 2015 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Medicaid and Roth Conversion / Gain Harvesting?
Replies: 23
Views: 2287

Re: Medicaid and Roth Conversion / Gain Harvesting?

Medcaid uses monthly income, while the Marketplace uses yearly income. You will be directed to Medicaid if your monthly income is at or below $2742 for a family of 4. Income limits for eligibility for children in medicaid are much higher, so the children will stay in Medicaid with income up to $71,5...
by donall
Mon Dec 29, 2014 10:44 pm
Forum: Personal Consumer Issues
Topic: Should I purchase a new car or wait?
Replies: 38
Views: 4658

Re: Should I purchase a new car or wait?

yoshald wrote:Manufacturer recommendations or dealership recommendations? Some dealerships are greedy and recommend their own dubious scheduled maintenance.


Yes, these are two very different recommendations.
by donall
Mon Dec 29, 2014 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA conversion -- transfer of securities
Replies: 3
Views: 352

Re: Roth IRA conversion -- transfer of securities

As far as I know, the cost of the security at the time of the roth conversion is the important thing. If there are any funds in traditional accounts, then the prorate rule will be determined by the balances of roth and traditional balances on 12/31.
by donall
Mon Dec 29, 2014 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: Advice For My Mother-In-Love
Replies: 8
Views: 644

Re: Advice For My Mother-In-Love

That large amount in money market is really an older person's need to feel secure. Money Market accounts have a history of pretty good interest in earlier years. Your mother-in-love has this imprinted on her, so don't try to change this too much. Best thing is to get this money into a CD ladder, wit...
by donall
Mon Dec 29, 2014 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Client Not Letting Independent Contractor Use LLC?
Replies: 32
Views: 3879

Re: Client Not Letting Independent Contractor Use LLC?

Not a lawyer here, but it seems easy enough to add your wife's name in parenthesis as the owner of the LLC. If that doesn't work, then filing some online paperwork to change the LLC name or even file "wife's name LLC" may work. Best wishes in the new year!
by donall
Sun Nov 02, 2014 11:13 am
Forum: Personal Consumer Issues
Topic: Advice for offer on ovepriced short sale house
Replies: 14
Views: 1522

Re: Advice for offer on ovepriced short sale house

No, your offer is not a waste of time, but you may have to keep offering it. I've seen a few houses drop a hundred thousand dollars on the MLS, and then get sold.
by donall
Sun Nov 02, 2014 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Any Legal ways to lower MAGI for ACA signup?
Replies: 34
Views: 5370

Re: Any Legal ways to lower MAGI for ACA signup?

Contributing to a 401K, 401A, etc. is one of the best way to reduce income for ACA calculations. From the California Department of Healthcare Services: "Pre-tax contributions, such as those for child care, commuting, employer-sponsored health insurance, flexible spending accounts and retirement...
by donall
Sun Nov 02, 2014 10:27 am
Forum: Personal Consumer Issues
Topic: COBRA Questions
Replies: 19
Views: 1842

Re: COBRA Questions

When you get your COBRA paperwork, read it carefully. You will have almost 2 months to decide to fill out the paperwork and pay your premium. Paying the premium is retroactive, so if the time between the end of a job and start of insurance in the new job is less than 60 days or whatever your paperwo...
by donall
Wed Sep 24, 2014 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Capital loss allowed?
Replies: 5
Views: 367

Re: Capital loss allowed?

OK, thanks for the information concerning cars and capital losses.
by donall
Wed Sep 24, 2014 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Capital loss allowed?
Replies: 5
Views: 367

Re: Capital loss allowed?

Thank you TheBeej418 for your quick response. I do not plan to use the car, I will sell it as soon as the title is clear.
by donall
Wed Sep 24, 2014 4:39 pm
Forum: Personal Consumer Issues
Topic: Tree trimming cost
Replies: 30
Views: 3131

Re: Tree trimming cost

Not all trees need trimming. Almost no trees need trimming every year. If the branches fall over your property, then you usually you have the right to trim those branches. So more information is needed.
by donall
Wed Sep 24, 2014 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Capital loss allowed?
Replies: 5
Views: 367

Capital loss allowed?

I may be faced with buying a car from a relative, who may be underwater on the loan. If I were then to sell the car for less than I bought it, can I claim capital short term losses?
by donall
Sun Sep 21, 2014 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Relents! Notice 2014-54 permits Basis Isolation
Replies: 116
Views: 15994

Re: IRS Relents! Notice 2014-54 permits Basis Isolation

My head is spinning after trying to read the IRS notice, thank you Alan S for the interpretation. Does the IRS notice mean that all of the money in the 401K must be distributed, or can there only be a partial twin distribution?
by donall
Sun Sep 14, 2014 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Did you reveal to your kids...your savings and salary
Replies: 75
Views: 7711

Re: Did you reveal to your kids...your savings and salary

All I can say is don't, when the kids are young, as anything you do, say, have, or wish to have is not a secret. Example 1 When having dinner with our best friends they told us that our kids had a favorite game of "donall and donallspouse" where they role played us. :oops: Example 2 We got...
by donall
Sat Sep 13, 2014 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: WA state Teacher Retirement System questions
Replies: 32
Views: 2890

Re: WA state Teacher Retirement System questions

Can a contribution of approximately 5% give you (assume 30 years of employment) the same as 30% of your final average salary? Assume a final average salary of $100,000 for demonstration purposes. So that would make a difference of $60,000 or $30,000 with plan 2 and plan 3. The 5% employee contributi...
by donall
Sat Sep 13, 2014 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: WA state Teacher Retirement System questions
Replies: 32
Views: 2890

Re: WA state Teacher Retirement System questions

Thank you all, this is great discussion. I have a lot info now. I'm not seeing the down side to Plan 2. There is one: The employee contribution to the pension is not fixed, and has been going up. On the other hand, the return is fixed (2% x years x salary). In plan 3, looks like only employer contr...
by donall
Sat Sep 13, 2014 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Three shares of stock, what to do with them?
Replies: 10
Views: 826

Re: Three shares of stock, what to do with them?

Each company that uses Computershare has a bulletin that explains the fees involved in selling, buying, dividends, etc. for that particular stock. It's best to refer to that information, as often fees for selling can be higher than at discount brokerages. Note that sometimes setting up an account ha...
by donall
Thu Sep 11, 2014 10:00 am
Forum: Personal Finance (Not Investing)
Topic: WA state Teacher Retirement System questions
Replies: 32
Views: 2890

Re: WA state Teacher Retirement System questions

Here's a link to a comparison of plan 2 and plan 3
Please use the following link and click on "key differences chart"
http://www.icmarc.org/washingtonstate/p ... ences.html
by donall
Thu Sep 11, 2014 9:56 am
Forum: Personal Finance (Not Investing)
Topic: WA state Teacher Retirement System questions
Replies: 32
Views: 2890

Re: WA state Teacher Retirement System questions

Oh, if the Plan 2 works how I think it does (similar to PERS 2), then the employee contributions are not able to be withdrawn by the employee ever, right? I think this is really significant because the attrition rate for teachers is just so high. I graduated from a teaching certification program in...
by donall
Wed Sep 10, 2014 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: WA state Teacher Retirement System questions
Replies: 32
Views: 2890

Re: WA state Teacher Retirement System questions

Perhaps I am not reading all the details, but it seems that the defined contribution portion of plan 3 is employee contributions. If true, then plan 2 is better because Washington state will contribute 50% more to plan 2 participants. As far as I can tell you can be in either plan 2 or 3 and contrib...
by donall
Tue Sep 09, 2014 11:21 am
Forum: Personal Consumer Issues
Topic: Dry-Rot Repairs
Replies: 4
Views: 678

Re: Dry-Rot Repairs

Doesn't the type of repair depend the location and extent of the dry rot? I've always found it advantageous to have the dry rot removed to see what I am left with. Also if it the dry is structural, the type of repair will be different than if it is esthetic.
by donall
Tue Sep 09, 2014 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Churning Account
Replies: 1
Views: 419

Churning Account

So I am going through old paperwork at the request of a senior, who it seems does not throw anything away. I found a nine year old letter from a major investment firm that wanted a signature to assure them that "you have reviewed these transactions and, and that they are in line with your overa...
by donall
Mon Sep 08, 2014 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Need help arrive at monthly expenses after retirement
Replies: 25
Views: 1735

Re: Need help arrive at monthly expenses after retirement

Hi, If the cost of medicare is ~$100/month, why is that the total healthcare retirement cost is around $250K for a couple? I get scared when people say it's 500lb gorilla :) Wouldn't medicare pay for everything? Would I need to supplement it with additional insurance? What would be cost of such ins...
by donall
Sun Sep 07, 2014 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Account [Automatically Closed] due to inactivity
Replies: 29
Views: 2856

Re: Credit Card Account [Automatically Closed] due to inacti

If you try to cancel a credit card you no longer want, it's virtually impossible. The only way I've found to kill a credit card is to not use it for several years. Thats not my experience. If you call the number on the back of the card and say you want to cancel the card, they will do so. They migh...
by donall
Sun Sep 07, 2014 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Employer finding out you have a financial cushion?
Replies: 72
Views: 9059

Re: Employer finding out you have a financial cushion?

If your wages are being garnished for a foreclosure of a large medical bill, the company will know ( I was shocked to see how many employees were in this group). Just plain old workplace gossip will illuminate many different financial situations. Managers may use this information to determine how de...
by donall
Sun Sep 07, 2014 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Implications working additional job on Pension, SS, 401k
Replies: 6
Views: 560

Re: Implications working additional job on Pension, SS, 401k

Kudos to your hard work and long range planning. Note that if you withdraw your money from the pension plan BEFORE you are eligible to receive a pension, then there will be no effect on Social Security. The NEA site has an explanation in plain English and an example on this page: http://www.nea.org/...
by donall
Sat Sep 06, 2014 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: WEP-Windfill Elimination provision - Social Security
Replies: 3
Views: 473

Re: WEP-Windfill Elimination provision - Social Security

WEP can decrease Social Security, not the Lithuanian pension. If your Lithuanian pension is being reduced, then rules from Lithuania may be in play.

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