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

I probably would not take the approach of trying to qualify for Medicaid myself, but as long as a person does it legally by transferring assets within the required time frame, establishing trusts, etc and not "hiding" assets, I don't see a problem. Is it very much different from a person w...
by pshonore
Tue Sep 30, 2014 6:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: See both financial advisor and elder law lawyer for Mom?
Replies: 42
Views: 1772

Re: The Roosevelts, PBS special

Neither wore "fashionable" glasses either.
by pshonore
Tue Sep 30, 2014 5:15 pm
 
Forum: Personal Consumer Issues
Topic: The Roosevelts, PBS special
Replies: 98
Views: 7627

Re: Assistance with Medicare costs for lowish income seniors

Medicare is primary; Medicaid only picks up deductibles, copays and drugs. There should be no more problem finding a doc than anyone else on Medicare.
by pshonore
Tue Sep 30, 2014 5:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Assistance with Medicare costs for lowish income seniors
Replies: 8
Views: 478

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

I believe once a person turns 65, the only Medicaid available is for nursing homes and other custodial care. They are still covered by Medicare (assuming they're eligible) for most medical problems and can see any doctor who accepts Medicare. If they are low income and qualify , I believe Medicaid o...
by pshonore
Mon Sep 29, 2014 2:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: See both financial advisor and elder law lawyer for Mom?
Replies: 42
Views: 1772

Re: Death Benefit from pension - lump sum or lifetime monthl

I'd double check those numbers particularly the survivor monthly benefit which seems somewhat generous and conceivably will be paid for 50 years or so. Check this thread for another scenario on lump sum vs annuity. http://www.bogleheads.org/forum/viewtopic.php?f=2&t=147685&newpost=2207753 Lu...
by pshonore
Mon Sep 29, 2014 2:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death Benefit from pension - lump sum or lifetime monthly?
Replies: 13
Views: 844

Re: new construction water softener rough in

Interesting story - Friend of mine just sold his house. He had a water softener installed about 20 yrs ago and plumbed the drain into his septic system. That evidently is no longer allowed. Buyers mortgage company told the owner to dig a dry well ($2K + lawn repair) or have the softener removed by a...
by pshonore
Sun Sep 28, 2014 12:11 am
 
Forum: Personal Consumer Issues
Topic: new construction water softener rough in
Replies: 10
Views: 563

Re: Which company would you go with? (HVAC contractor)

Not sure how Guy A could give you a reliable price without looking at your electrical panel. Not a problem if you have a 200 amp panel, but if you don't, you're looking at an upgrade and additional cost.
by pshonore
Sat Sep 27, 2014 10:38 am
 
Forum: Personal Consumer Issues
Topic: Which company would you go with? (HVAC contractor)
Replies: 11
Views: 677

Re: What to look for in a homeowner's policy

No they calculate the personal property value simply as a percentage of home value. There is no way our personal property is worth that much. Just a couple of laptops and tablets. The rest of it is mostly children's toys and inexpensive furniture. You should check: Its probably replacement cost whi...
by pshonore
Thu Sep 25, 2014 3:59 pm
 
Forum: Personal Consumer Issues
Topic: What to look for in a homeowner's policy
Replies: 11
Views: 829

Re: Are trash compactors good things?

As long as you don't live in Seattle where there is now mandatory composting, you should be ok with either method.

http://www.reuters.com/article/2014/09/ ... EF20140923
by pshonore
Thu Sep 25, 2014 3:46 pm
 
Forum: Personal Consumer Issues
Topic: Are trash compactors good things?
Replies: 20
Views: 1020

Re: New kitchen cabinets or new doors?

We had the same problem. My house was built in the 70's. The cabinets were solid and in good condition, but they were dated and stained. We had a local cabinet maker replace the doors. The other part of the cabinets were covered with new veneer. They look like new cabinets now. The cost was $1,350....
by pshonore
Thu Sep 25, 2014 3:39 pm
 
Forum: Personal Consumer Issues
Topic: New kitchen cabinets or new doors?
Replies: 28
Views: 1718

Re: Realtor Quandry [two buyer's agents]

Has OP signed a "buyers contract" with either agent? As a former agent/broker myself, I can tell the longer you let this go, the harder the breakup will be on the one who loses out.
by pshonore
Thu Sep 25, 2014 3:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Realtor Quandry [two buyer's agents]
Replies: 7
Views: 978

Re: What to look for in a homeowner's policy

Sounds pretty typical to me. Most policies also have restrictions on what they will pay for jewelry, cash, fine arts, etc. You may want to check those to make sure they suit your needs.
by pshonore
Thu Sep 25, 2014 9:00 am
 
Forum: Personal Consumer Issues
Topic: What to look for in a homeowner's policy
Replies: 11
Views: 829

Re: Capital gains on custodial accounts

You can not elect to include a child cap gains on a parent's return (only interest, dividends and cap gain distributions totaling less than 10K) However a child's cap gains are usually taxed at the parents rate although I do not know what happens if the child rate is higher.
by pshonore
Wed Sep 24, 2014 6:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Capital gains on custodial accounts
Replies: 7
Views: 316

Re: How Much Renter's Insurance - Liability Coverage

In that scenario, filing a lawsuit for a work related injury usually doesn't get too far especially for a single claimant. That's really the premise of Workers Comp; accidents happen and workers get compensated for lost wages and medical expenses without proving negligence or fault. Now say the maid...
by pshonore
Wed Sep 24, 2014 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much Renter's Insurance - Liability Coverage
Replies: 8
Views: 711

Re: How Much Renter's Insurance - Liability Coverage

Am no insurance expert by any means but the questions I would be wondering about are not spilling a giant can of paint or your daughter leaving a faucet running. Wouldn't the liability come into play if -- The maid you hired to clean your apt. was injured and a lawyer claimed the injury was due to ...
by pshonore
Wed Sep 24, 2014 11:02 am
 
Forum: Personal Finance (Not Investing)
Topic: How Much Renter's Insurance - Liability Coverage
Replies: 8
Views: 711

Re: Vanguard Quarterly Dividends in September

Another silly question - all VNQ 2013 distributions consisted of a dividend and an ROC portion. All 2014 distributions have been dividends. Does this mean VNQ will recharacterize some of those when 1099's come out next year?
by pshonore
Tue Sep 23, 2014 1:22 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Quarterly Dividends in September
Replies: 40
Views: 5014

Re: Home/Auto insurance: Amica or Travelers?

I really like my local State Farm agent, however, their price increases have been VERY aggressive. After I renewed for 2014 I received Warren Buffet's shareholder letter and all became clear. Next year I will be moving a Amica. pg 7 "If our premiums exceed the total of our expenses and eventua...
by pshonore
Mon Sep 22, 2014 11:52 am
 
Forum: Personal Consumer Issues
Topic: Home/Auto insurance: Amica or Travelers?
Replies: 26
Views: 1472

Re: Engineered Hardwood

"Engineered" hardwood generally refers to a thin layer of real hardwood bonded to a dimensionally stable substrate like plywood. As Ged points out, its great for below grade applications. Laminate (like Pergo) is a photo bonded to some other core and usually contains ingredients that make ...
by pshonore
Sat Sep 20, 2014 2:39 pm
 
Forum: Personal Consumer Issues
Topic: Engineered Hardwood
Replies: 13
Views: 1099

Re: Home Insurance Policy Declaration Questions

You'd be surprised how Personal Property adds up. Imagine moving into a house and having nothing to furnish it with because all your possessions were lost a tornado. Everything from toasters to toys to all your clothing, rugs, etc. The 200 pair of shoes the typical wife owns :happy , Computers, TVs,...
by pshonore
Sat Sep 20, 2014 12:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home Insurance Policy Declaration Questions
Replies: 11
Views: 912

Re: Home Insurance Policy Declaration Questions

OP has stated his dwelling coverage is $405K. There seems to be a big disconnect if the home is worth 900K. $732 sounds quite reasonable for 405K of coverage although we do not know his deductible.
by pshonore
Fri Sep 19, 2014 8:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home Insurance Policy Declaration Questions
Replies: 11
Views: 912

Re: The Roosevelts, PBS special

I was somewhat surprised to hear that FDR as Asst Navy Secretary used a US Navy Destroyer to travel back and forth for his summer vacations from NYC to Campobello Island on the Maine/Canadian border and evidently steered the ship. Sounds like a waste of taxpayers money. He also designed his own per...
by pshonore
Fri Sep 19, 2014 1:00 pm
 
Forum: Personal Consumer Issues
Topic: The Roosevelts, PBS special
Replies: 98
Views: 7627

Re: AliBaba

deleted
by pshonore
Fri Sep 19, 2014 11:57 am
 
Forum: Investing - Theory, News & General
Topic: AliBaba
Replies: 128
Views: 8125

Re: The Roosevelts, PBS special

I was somewhat surprised to hear that FDR as Asst Navy Secretary used a US Navy Destroyer to travel back and forth for his summer vacations from NYC to Campobello Island on the Maine/Canadian border and evidently steered the ship. Sounds like a waste of taxpayers money. He also designed his own pers...
by pshonore
Fri Sep 19, 2014 11:54 am
 
Forum: Personal Consumer Issues
Topic: The Roosevelts, PBS special
Replies: 98
Views: 7627

Re: Tax Question about Tuition Expenses

IRS should have gotten an electronic copy so probably not.
by pshonore
Thu Sep 18, 2014 12:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Question about Tuition Expenses
Replies: 8
Views: 543

Re: Tax Question about Tuition Expenses

Do you have a 1098T form issued by the institution for the expense? Claiming an education credit without one is going to raise a red flag. I believe books are only a valid expense for the AOC.
by pshonore
Thu Sep 18, 2014 8:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax Question about Tuition Expenses
Replies: 8
Views: 543

Re: Worker's Comp for Nanny - reasonable price?

Actually the rate for childcare workers is not that high (about $1.40/$100 of payroll in Florida- other states may be higher or lower). That's a couple of multiples of an office worker, but a small fraction of what some of the trades pay (roofer, tree workers, electrician, etc.). We always joked tha...
by pshonore
Wed Sep 17, 2014 5:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Worker's Comp for Nanny - reasonable price?
Replies: 7
Views: 829

Re: Estimated SS COLA for 2015

Here are some rough calcs on possible COLAs based on the Sept CPI-W to be released next month. 233.136 1.6% 233.827 1.7% 234.518 1.8% Here are the last three Monthly CPI-W numbers: 234.702 , 234.525, 234.030 for June July and Aug (June gets dropped and replaced by Sept next month) I'm picking 1.7%
by pshonore
Wed Sep 17, 2014 2:56 pm
 
Forum: Investing - Theory, News & General
Topic: Estimated SS COLA for 2015
Replies: 11
Views: 1119

Re: Worker's Comp for Nanny - reasonable price?

Most carriers do not like to write small policies; just too much risk and not enough profit.
by pshonore
Tue Sep 16, 2014 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Worker's Comp for Nanny - reasonable price?
Replies: 7
Views: 829

Re: You may want to rethink the odds of ever needing LTCi

My Genworth agent told me that 70% of their LTC claim $ get spent on other than nursing homes. (assisted living, in home care, etc.)
by pshonore
Tue Sep 16, 2014 3:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: You may want to rethink the odds of ever needing LTCi
Replies: 89
Views: 8699

Re: You may want to rethink the odds of ever needing LTCi

And everything said so far could also be said of homeowners insurance. Most people never use it, and when it is needed the coverage is often incomplete and some insurers are bad about paying claims. And when a home is damaged, often a person could afford to pay for repairs without insurance. And st...
by pshonore
Sun Sep 14, 2014 10:59 am
 
Forum: Personal Finance (Not Investing)
Topic: You may want to rethink the odds of ever needing LTCi
Replies: 89
Views: 8699

Re: Personal Personal Taxes and Budget (Scenario Check)

Note that FICA and Medicare are not deducted when figuring taxable income. If your MAGI is over 96K you may not get a full deduction for TIRA contributions since you are covered by a retirement plan at work. Suggest you run the numbers thru Taxcaster as a double check
by pshonore
Sat Sep 13, 2014 11:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Personal Taxes and Budget (Scenario Check)
Replies: 13
Views: 1057

Re: What if the institution doesn't accepts 529s?

You might ask the institution if they issue 1098T forms. Most eligible ones do. That would possibly allow for an education credit.
by pshonore
Thu Sep 11, 2014 10:00 am
 
Forum: Investing - Help with Personal Investments
Topic: What if the institution doesn't accepts 529s?
Replies: 11
Views: 1186

Re: Self-insurance option for auto insurance in TX (601.122)

Also remember that if you have any kind of liability insurance (including auto), there is in theory, no limit to how much the company will spend to defend a suit against you. If you self-insure by putting up cash, collateral, etc with the state, who's going to pay the attorney ? Simple answer - YOU....
by pshonore
Wed Sep 10, 2014 8:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Self-insurance option for auto insurance in TX (601.122)
Replies: 12
Views: 840

Re: Anyone use Legal Zoom for LivingTrust?

"Yet people leave their investments to the advice they receive on a website (bogleheads)." True. The difference is that the Bogleheads will not be here for your family when you say away. An estate attorney will be. If someone's estate is extremely simple, no problem. If the estate is siza...
by pshonore
Tue Sep 09, 2014 2:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Legal Zoom for LivingTrust?
Replies: 75
Views: 4943

Re: Receiving Inheritance Distribution, Move to Avoid Tax?

Given the relatively small amount ($8K total), it may make more sense to just take the entire amount and be done with it, particularly if you are within the 5 yr period.
by pshonore
Tue Sep 09, 2014 1:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Receiving Inheritance Distribution, Move to Avoid Tax?
Replies: 17
Views: 1022

Re: Receiving Inheritance Distribution, Move to Avoid Tax?

My wife and I have both received inheritances in the past. In both cases, all assets (properties, stocks, etc.) were liquidated and all taxes were handled by the deceased estate attorney before any proceeds were disbursed. We didn't have to pay any taxes, as they were taken care of before disbursem...
by pshonore
Tue Sep 09, 2014 9:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Receiving Inheritance Distribution, Move to Avoid Tax?
Replies: 17
Views: 1022

Re: Drop son's car insurance while away at college?

The insurance is on the car, not the person (although the driving experience of the primary driver affects the rates). If the car is not being driven by anyone, it doesn't need to be insured. If the person drives another car while away, he needs to make sure the car is insured, and he has the owner...
by pshonore
Fri Sep 05, 2014 5:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Drop son's car insurance while away at college?
Replies: 18
Views: 1135

Re: Which generator do you have?

I'm curious - how do you "plug-in" the furnace? Most furnaces are wired into your service panel. Assume you have a transfer switch?
by pshonore
Thu Sep 04, 2014 9:38 am
 
Forum: Personal Consumer Issues
Topic: Which generator do you have?
Replies: 127
Views: 7783

Re: Social Security Delayed Retirement Credits

Not really; POMS says DRC increases are effective either: •January of the year following the year the increment months were earned; or •The month of attainment of age 70 (age 72 when applicable); or •The month of death for widow(er)s. There seems to be some doubt about the first one though. Believe ...
by pshonore
Wed Sep 03, 2014 7:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Delayed Retirement Credits
Replies: 43
Views: 3508

Re: SG 100 Rare Stamps Index

I think you could if you bought the right stamps - early US airmail, Graff zeppelins, 19th Century British Commonwealth, early US stamps (pre 1900) etc. But it kind of like trying to pick a good active fund in advance. And condition is critical. Not as bad as coins but almost. At one time most folks...
by pshonore
Wed Sep 03, 2014 3:03 pm
 
Forum: Investing - Theory, News & General
Topic: SG 100 Rare Stamps Index
Replies: 11
Views: 826

Re: [Symantec anti-virus] Norton Auto Renewal

Don't forget the program doesn't stop running; you just don't get updates (although I think I'm still getting something)
by pshonore
Wed Sep 03, 2014 2:52 pm
 
Forum: Personal Consumer Issues
Topic: [Symantec anti-virus] Norton Auto Renewal
Replies: 21
Views: 1121

Re: 78 year old retired father

CG Tax sounds high. Was it a personal residence, rental, etc. What's his basis? Is there depreciation recapture, etc?
by pshonore
Wed Sep 03, 2014 11:34 am
 
Forum: Personal Finance (Not Investing)
Topic: 78 year old retired father
Replies: 11
Views: 876

Re: which engine and transmission options to choose for Taco

The 5.7L/6 speed still has a conventional shift lever. RAM has a great lease deal going right now. $2500 down, $169/month for 2 years 10K miles per year (although I think that's for competitive lease holders so it may cost you a few bucks more). Try it for 2 years. If you like it, keep it, otherwise...
by pshonore
Wed Sep 03, 2014 10:11 am
 
Forum: Personal Consumer Issues
Topic: which engine and transmission options to choose for Tacoma?
Replies: 44
Views: 2455

Re: NFCU 1 year certificate (CD) 5% APY $5k max balance

Sad that even as a federal employee, I am not eligible to join :( would love to use this offer. My grandfather was in the army and my uncle is retired navy, but I think this May be too far removed for qualifying. Grandfather would count if he was retired Army and not just a plain vanilla vet stepch...
by pshonore
Wed Sep 03, 2014 9:36 am
 
Forum: Personal Finance (Not Investing)
Topic: NFCU 1 year certificate (CD) 5% APY $5k max balance
Replies: 28
Views: 3350

Re: [Symantec anti-virus] Norton Auto Renewal

After getting "auto-renewed" once about 2 years ago, I turned off the auto renew feature. Now I get warnings a few times a day about "expired, no protection", etc. Oddly, every two weeks or so I get a pop-up that says in effect "Your Norton A/V Protection has been updated wi...
by pshonore
Wed Sep 03, 2014 9:22 am
 
Forum: Personal Consumer Issues
Topic: [Symantec anti-virus] Norton Auto Renewal
Replies: 21
Views: 1121

Re: Rewards credit card advice

The bank of america pays an extra 50% of the cash back if you deposit it to your B of A account instead of getting a check. I think that might a 10% bonus for redemption into a BOA account. There is also a $100 cash bonus for making $500 worth of purchases in the first 90 days. https://www.bankofam...
by pshonore
Wed Sep 03, 2014 9:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Rewards credit card advice
Replies: 66
Views: 13671

Re: which engine and transmission options to choose for Taco

Ever consider the Dodge Ram 1500 4X4 ? The Crew Cab model has a back seat that is bigger than a full size passenger car. Even the Quad cab has a smaller back seat but still ample. I Have the Hemi V8 with a 6 speed auto. 17mpg around town and 22 MPG on the highway for a trip. They do have a V6 that i...
by pshonore
Wed Sep 03, 2014 9:07 am
 
Forum: Personal Consumer Issues
Topic: which engine and transmission options to choose for Tacoma?
Replies: 44
Views: 2455

Re: Costco:is it worth it for just two people?

I was just there yesterday. Noon on Sunday is not a good time to go. Totally agree with the free samples causing aisle blockage. I don't find any great bargains there and I believe their meat no better than most local supermarkets. I am hooked on the Loin Lamb chops though. Their no-grain dog food ...
by pshonore
Mon Sep 01, 2014 6:12 pm
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 143
Views: 11812

Re: HSA pre-tax contribution rules

You can withdraw excess contributions without penalty by the due date of your return; any associated earnings will be taxed. True, but the HSA people may charge a processing fee. For instance HSA Bank charges $25 for this service. But an excess returned to you goes on Line 21 of Form 1040. Astute t...
by pshonore
Mon Sep 01, 2014 9:31 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA pre-tax contribution rules
Replies: 19
Views: 1331

Re: Costco:is it worth it for just two people?

I was just there yesterday. Noon on Sunday is not a good time to go. Totally agree with the free samples causing aisle blockage. I don't find any great bargains there and I believe their meat no better than most local supermarkets. I am hooked on the Loin Lamb chops though. Their no-grain dog food i...
by pshonore
Mon Sep 01, 2014 9:15 am
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 143
Views: 11812
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