Search found 537 matches

Return to advanced search

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 9:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help my 67 y/o mother retire
Replies: 14
Views: 1903

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 1:40 pm
 
Forum: Personal Consumer Issues
Topic: Slovenia And Croatia In May
Replies: 25
Views: 1784

Re: Help with financial planning - Spouse died in Nov

Are you and DD getting Social Security benefits?
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: 1218

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
Wed Jan 07, 2015 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicaid and Roth Conversion / Gain Harvesting?
Replies: 21
Views: 1831

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 10:44 pm
 
Forum: Personal Consumer Issues
Topic: Should I purchase a new car or wait?
Replies: 38
Views: 4273

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 10:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA conversion -- transfer of securities
Replies: 3
Views: 319

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 10:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice For My Mother-In-Love
Replies: 8
Views: 599

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
Mon Dec 29, 2014 10:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Client Not Letting Independent Contractor Use LLC?
Replies: 32
Views: 2912

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 11:13 am
 
Forum: Personal Consumer Issues
Topic: Advice for offer on ovepriced short sale house
Replies: 14
Views: 1409

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 10:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Any Legal ways to lower MAGI for ACA signup?
Replies: 34
Views: 4657

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
Sun Nov 02, 2014 10:27 am
 
Forum: Personal Consumer Issues
Topic: COBRA Questions
Replies: 19
Views: 1606

Re: Capital loss allowed?

OK, thanks for the information concerning cars and capital losses.
by donall
Wed Sep 24, 2014 7:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital loss allowed?
Replies: 5
Views: 342

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 4:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital loss allowed?
Replies: 5
Views: 342

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 4:39 pm
 
Forum: Personal Consumer Issues
Topic: Tree trimming cost
Replies: 30
Views: 2883

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
Wed Sep 24, 2014 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital loss allowed?
Replies: 5
Views: 342

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 21, 2014 2:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS Relents! Notice 2014-54 permits Basis Isolation
Replies: 116
Views: 14620

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
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: 7501

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 11:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: WA state Teacher Retirement System questions
Replies: 32
Views: 2482

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 9:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: WA state Teacher Retirement System questions
Replies: 32
Views: 2482

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
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: 780

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 10:00 am
 
Forum: Personal Finance (Not Investing)
Topic: WA state Teacher Retirement System questions
Replies: 32
Views: 2482

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
Thu Sep 11, 2014 9:56 am
 
Forum: Personal Finance (Not Investing)
Topic: WA state Teacher Retirement System questions
Replies: 32
Views: 2482

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
Wed Sep 10, 2014 6:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: WA state Teacher Retirement System questions
Replies: 32
Views: 2482

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 11:21 am
 
Forum: Personal Consumer Issues
Topic: Dry-Rot Repairs
Replies: 4
Views: 649

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
Tue Sep 09, 2014 11:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Churning Account
Replies: 1
Views: 396

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
Mon Sep 08, 2014 9:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need help arrive at monthly expenses after retirement
Replies: 25
Views: 1685

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 10:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Account [Automatically Closed] due to inactivity
Replies: 29
Views: 2105

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 5:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Employer finding out you have a financial cushion?
Replies: 72
Views: 8750

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
Sun Sep 07, 2014 10:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Implications working additional job on Pension, SS, 401k
Replies: 6
Views: 510

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.
by donall
Sat Sep 06, 2014 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: WEP-Windfill Elimination provision - Social Security
Replies: 3
Views: 446

Re: Alzheimer's and Prenup

Talk to a lawyer and a social worker ASAP.
by donall
Fri Sep 05, 2014 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's and Prenup
Replies: 20
Views: 3140

Re: Variable Annuity - Timing of Surrender Charges

Perhaps you can encourage your friends to investigate how many charges they are paying with an annuity, as surrender charges are only one of many charges that will probably add up to 5%. Luckily your friends probably have pensions.
by donall
Tue Sep 02, 2014 7:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Variable Annuity - Timing of Surrender Charges
Replies: 10
Views: 649

Re: Does a 401k plan cost an employer money?

I'm a grad student. A couple months ago, I asked HR if students could contribute to 403b's or 457's (I know the title said 401k, but whatever). I was told only benefits eligible employees can contribute. This didn't surprise me. However, I'm just trying to understand - does a 401k/403b/457b cost an...
by donall
Wed Jul 23, 2014 11:09 pm
 
Forum: Investing - Theory, News & General
Topic: Does a 401k plan cost an employer money?
Replies: 32
Views: 1878

Re: List of Worst financial advice (what not to do):

Worst advice I ever received was from my accountant(a relative who also happens to be a CPA) and that was funding a non-deductible traditional IRA as opposed to "backdooring" it into a Roth. Doing a conversion now would cost me(and my wife) thousands. Oh well, nothing like paying taxes tw...
by donall
Wed Jul 23, 2014 11:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: List of Worst financial advice (what not to do):
Replies: 144
Views: 16829

Re: Inheritance: Cash or Investments?

Thanks so much for all of the replies! Some very well reasoned suggestions for opting for the cash. From what I've read on other threads re: inheritance/windfalls, I think I will do as much of the following as I can with the money: 1. Pay off some student loans (6.8% return!) 2. Max my 401k contrib...
by donall
Wed Jul 23, 2014 10:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inheritance: Cash or Investments?
Replies: 15
Views: 1454

Re: Helping My Grandmother

There do not seem to be many choices for grandmother. Perhaps buy a $30,000 SPIA for a bit more monthly cushion, keeping the $7,000 for emergencies. Then as a number of responses have indicated, a thorough search for all the low income senior discounts available. Helping choose Medigap plans and Par...
by donall
Tue Jul 22, 2014 9:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping My Grandmother
Replies: 54
Views: 3442

Re: Cash out pension?

Any chance wife will return to government work in the same or a reciprocal pension system?
by donall
Sat Jul 19, 2014 9:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cash out pension?
Replies: 30
Views: 1825

Re: Keep house or sell

If you have capital gains, then sell so you can take advantage of being an owner and not paying taxes on capital gains. If you rent the unit, you may lose some part of the owners sale exclusion and also have to pay back the depreciation. Property taxes may also be higher for a non-owner occupied uni...
by donall
Thu Jul 17, 2014 8:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Keep house or sell
Replies: 14
Views: 982

Re: Is this a Vanguard quirk? [Adding beneficiaries to accou

I think Schwab also has this type of situation, but I can't remember what type of account. If you have a living trust set up for real estate, then you can also use the living trust for account holdings by retitling.
by donall
Wed Jul 16, 2014 7:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this a Vanguard quirk? [Adding beneficiaries to account]
Replies: 36
Views: 4676

Re: How I look at $ in the real world vs my retirement accou

If you fret over a paper loss, then try not to look at your account daily, because there will be days that the account value will go down. Check monthly or even less often. After a few years you will have made money on dividends and capital gains, so a paper loss may be less noticeable if the decrea...
by donall
Wed Jul 09, 2014 11:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: How I look at $ in the real world vs my retirement accounts
Replies: 50
Views: 7427

Re: Affordable health insurance

It might be best to keep your current policy with COBRA, as you will probably have too much income (from the sale of your company) to make use of the health insurance marketplace. Next year, depending on your income, it may make sense to see if you can get a subsidy for your health insurance. Not su...
by donall
Wed Jul 09, 2014 11:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Affordable health insurance
Replies: 33
Views: 3183

Re: Best ways to help a friend get started?

Yes, I figured someone would point out the SS issue. I could do that, not a problem to me. She would get less money now -- my contribution would come out of her pay. Why? If you have the money now, why not just pick up that expense by increasing her pay? By doing so, you'll be increasing her Social...
by donall
Wed Jul 09, 2014 11:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best ways to help a friend get started?
Replies: 27
Views: 1884

Re: bogleheads thoughts on renter's insurance?

Renter's insurance is reasonably priced and well with having. A landlord's insurance can cover damages to the unit and also hotel stays, but it does not cover a tenant's property.
by donall
Fri Jul 04, 2014 9:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: bogleheads thoughts on renter's insurance?
Replies: 40
Views: 4899

Re: How to admit/should I admit alcohol problem to employer

It seems the focus was on admitting how your drinking has wronged other people, when I don't think that applies to my situation. When you've been sober a few months and have taken a realistic inventory of your actions and relationships it would totally surprise me if you still agree with that state...
by donall
Fri Jul 04, 2014 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to admit/should I admit alcohol problem to employer
Replies: 111
Views: 15759

Re: elder care legal question

After 3 days in a hospital, Medicare will pay for rehabilitation in a rehab facility. Look up the regulations, but if used with a Medigap policy there are 90 days that are paid as long as the patient improves. Home visits to check on the individual and also physical therapy can also be paid by Medic...
by donall
Thu Jul 03, 2014 12:08 pm
 
Forum: Personal Consumer Issues
Topic: elder care legal question
Replies: 13
Views: 1300

Re: Bad paint job - Course of action help pls

I can't help you on the legal side of things but I can tell you in my personal experience in painting my own home interior and exterior that paint quality has a HUGE impact on finished look particularly if your painter only applied a single coat. My direct comparison is between Lowe's Valspar, Walm...
by donall
Thu Jul 03, 2014 11:19 am
 
Forum: Personal Consumer Issues
Topic: Bad paint job - Course of action help pls
Replies: 28
Views: 6345

Re: Getting toddler to brush their teeth

There's some funny advice on this posting and made me chuckle. But a two year old is probably the hardest person to work with and perhaps the OP may just need to wait until the child is 3 after all the other strategies mentioned are unsuccessful.
by donall
Wed Jul 02, 2014 10:50 pm
 
Forum: Personal Consumer Issues
Topic: Getting toddler to brush their teeth
Replies: 53
Views: 3022

Re: Ideas on how deal with estate with tons of items

I concur with pervious posters to take the coins out of the sale and spend some time to have more accurate appraisals done. Seniors have a habit of hiding items in books, between sheets, pockets, and various long forgotten places for safeguarding. I would also recommend using a metal detector in the...
by donall
Mon Jun 30, 2014 10:13 am
 
Forum: Personal Consumer Issues
Topic: Ideas on how deal with estate with tons of items
Replies: 29
Views: 2710

Re: Long-Term Care Insurance? Is it a good idea?

Plan to self insure, and have an adequate nest egg to use if necessary
by donall
Wed Jun 25, 2014 7:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care Insurance? Is it a good idea?
Replies: 24
Views: 1963
Next

Return to advanced search