Search found 610 matches

by Gnirk
Fri May 26, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: When to start talking to older parents regarding their finances (and how to do it?)
Replies: 25
Views: 1685

Re: When to start talking to older parents regarding their finances (and how to do it?)

You could volunteer what you are doing. "We just set up our wills and POAs with an attorney, and chose Betty Jo as executor and brother Bob as guardian for the kids if necessary, I feel better now that is done. Anything I need to know about your plans?" And then accept that you may learn ...
by Gnirk
Sat May 20, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Taxes on Series EE bonds issued in 1987
Replies: 13
Views: 922

Re: Taxes on Series EE bonds issued in 1987

I was in that same boat last year. CPA told me there is no way to defer taxes on them, so I paid the taxes on $27,000 worth of interest. And I was sorry they matured because of the nice interest rate in today's low interest environment.
by Gnirk
Fri May 19, 2017 9:37 am
Forum: Investing - Theory, News & General
Topic: When 60/40 just isn't appropriate
Replies: 182
Views: 26117

Re: When 60/40 just isn't appropriate

^@Gnirk. heck, I could careless about your assets, All I want to know is where to go to get out of the rain. We made a short trip to Phoenix-Sedona last weekend on an invited from DS who was on business trip in that area. We left PDX on a rainy-windy 50deg and arrived in PHX in 2 hours with +90deg....
by Gnirk
Fri May 19, 2017 12:04 am
Forum: Investing - Theory, News & General
Topic: When 60/40 just isn't appropriate
Replies: 182
Views: 26117

Re: When 60/40 just isn't appropriate

FWIW. Age- 73 Married, spouse 78 Second marriage of over 20 years, separate finances. Retired for 10 years. Took SS @ 63 MY Stock/Bond allocation- 35/65 Why? This lets me sleep well at night. Average SS I have a small Pension, less than SS. I have a small TIRA. MY withdrawal rate from taxable accoun...
by Gnirk
Sun May 14, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: How Old Habits Can Sabotage Retirement
Replies: 51
Views: 7052

Re: How Old Habits Can Sabotage Retirement

It's ok with me if some people would rather let their pile of money grow than spend it. If having it gives you more comfort than spending it, that's fine with me. Fiscal diversity and all that. As long as your spending habits don't cause problems for your family and friends I'm not sure you are &qu...
by Gnirk
Thu Apr 27, 2017 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Thrivent Financial
Replies: 12
Views: 831

Re: Thrivent Financial

prudent wrote:I Although there's a perfect excuse to avoid this awkward situation - your daughter ought to say she does not do business with friends, period.


Excellent Advice. From someone who learned the hard way. :oops:
by Gnirk
Thu Apr 27, 2017 2:21 am
Forum: Personal Finance (Not Investing)
Topic: EE savings bond complications (owned by parent with dementia, paper, no beneficiary)
Replies: 9
Views: 971

Re: EE savings bond complications (owned by parent with dementia, paper, no beneficiary)

My father has mid-stage dementia. I am the trustee of his revocable living trust and have his POA. I've noticed some potential complications with some 1994 EE savings bonds he owns and am wondering if anyone has any real-world experience with these issues. 3. Has anyone dealt with redeeming a *pape...
by Gnirk
Wed Apr 26, 2017 7:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 106
Views: 9632

Re: Vanguard has switched to brokerage only accounts

We have both the regular and brokerage account (holds individual munis and a few legacy stocks) and we received three "corrected" brokerage statements for the brokerage account, one in early March, one in late March, and one in early April, after we had filed our tax return. I'm not moving...
by Gnirk
Mon Apr 24, 2017 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Helping adult children
Replies: 81
Views: 8119

Re: Helping adult children

I have helped each of my adult children at different times, for (very good) different reasons. And I have always gifted the other one with an equal amount during the same time period to keep it fair.
by Gnirk
Mon Apr 24, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Can Power of Attorney override POD designations?
Replies: 12
Views: 1509

Re: Can Power of Attorney override POD designations?

Our Durable Powers of Attorney state specifically that the DPOAs cannot change any estate plans. A POD or other beneficiary designations would, I believe, be part of an estate plan and they would be unable to change them. Otherwise they have the same powers that we would have.
by Gnirk
Wed Apr 19, 2017 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Munis and effect of pension funds on them and risks for portfolio
Replies: 18
Views: 1251

Re: Munis and effect of pension funds on them and risks for portfolio

I, too, inherited Munis from my mother. They are all highly rated and pay 5% tax and AMT exempt. I use the interest for spending as I need it instead of selling my mutual funds. I hate to see them mature. As they mature, I invest the proceeds in Vanguard Intermediate Term Tax Exempt fund. I would li...
by Gnirk
Sun Apr 02, 2017 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Sleep well or not ? [Vanguard Intermediate-Term Tax-Exempt]
Replies: 45
Views: 6364

Re: Sleep well or not ? [Vanguard Intermediate-Term Tax-Exempt]

Retired for ten years, and DH and I have this fund in our taxable accounts; our tax advantaged accounts are small, just 10% of our total portfolios. So bonds in taxable need to be tax exempt. Nearly all of my bond allocation (65%) is in TE funds. We also have some high quality individual muni bonds ...
by Gnirk
Sat Apr 01, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: which state is better to die in / do probate in?
Replies: 17
Views: 1351

Re: which state is better to die in / do probate in?

Each state is different as far as probate goes. For example, probate is fairly simple and inexpensive in Washington, but expensive in California. We have a California snowbird home in a living trust for that reason.However, Washington has an estate tax, and I don't believe California does. So it all...
by Gnirk
Fri Mar 31, 2017 10:29 am
Forum: Investing - Theory, News & General
Topic: anyone factor in future inheritance?
Replies: 78
Views: 4901

Re: anyone factor in future inheritance?

I received an inheritance, but it was never part of my planning. But I know my stepchildren are planning their lives around the substantial inheritance they will receive from my husband. And in fact, have hinted they'd like part of it now. He shared the amount of his assets with them. Second marriag...
by Gnirk
Thu Mar 30, 2017 1:13 am
Forum: Investing - Help with Personal Investments
Topic: starting a roth IRA with Ameriprise
Replies: 11
Views: 721

Re: starting a roth IRA with Ameriprise

I wouldn't invest money with Ameriprise. I did 25 years ago because the financial advisor was a friend. BIG MISTAKE!!! This was long before I learned anything about investing, or found this forum. Their fees are high, most of their mutual funds have either a front- end load or a back end load, and c...
by Gnirk
Wed Mar 29, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Mother's Identity Stolen? Need help with next steps!
Replies: 6
Views: 585

Re: Mother's Identity Stolen? Need help with next steps!

How awful! I hope you can get to the bottom of this soon. I think for anyone dealing with a cognitively impaired person that you should place a credit freeze, if at all possible. I was so afraid that mom's identity would be stolen when she had cognitive impairment (not yet Alzheimer's) that I placed...
by Gnirk
Tue Mar 28, 2017 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 4902

Re: Daughter maxed out credit cards, needs help from me

This sounds familiar! When my daughter was 23, about a year out of college, and making minimum wage in Seattle because she couldn't find a job in her field, she was in the same boat. She was supporting herself, and I lived 65 miles away, so living at home wasn't an option . My first thought was to t...
by Gnirk
Tue Mar 28, 2017 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Non-traded REIT - Analyzing how horrible, and trying to get out
Replies: 30
Views: 2454

Re: Non-traded REIT - Analyzing how horrible, and trying to get out

Did the FA work for a larger firm or was he solo? If your grandmother was cognitively impaired, he was obviously taking advantage of that. Report him to his firm's compliance division. Those were most likely not appropriate investments for her situation.
by Gnirk
Sun Mar 26, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: how to pay for mother's dementia care...retirement accts versus other investments
Replies: 12
Views: 1323

Re: how to pay for mother's dementia care...retirement accts versus other investments

When we were faced with the uncomfortable and very difficult decision to find memory care for my widowed mother, I met with a geriatric consultant who evaluated my mom. He suggested that a large memory care facility wasn't the right fit for her, and a small care home which specialized in Alzheimer's...
by Gnirk
Sat Mar 25, 2017 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Travel insurance
Replies: 7
Views: 595

Re: Travel insurance

I've used Tripinsurancestore.com. As previously mentioned, you can call and talk to them if you wish. I would at least get the medical and medical evacuation insurance. You can compare policies/ coverages on the website.
by Gnirk
Fri Mar 24, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Divesting to heirs. When and how quickly.
Replies: 45
Views: 4437

Re: Divesting to heirs. When and how quickly.

My late mother gifted the maximum allowed without triggering a gift tax return, to each of her adult grandchildren for 8 years, with the understanding that they would spend 10%, fully fund a Roth IRA, and put the remainder into an emergency fund or offset increased 401K contribution depending upon t...
by Gnirk
Sun Mar 19, 2017 10:34 pm
Forum: Personal Consumer Issues
Topic: carpet beetles (varied carpet beetle)
Replies: 14
Views: 1269

Re: carpet beetles (varied carpet beetle)

I would love to know if an exterminator can get rid of them. We've had them in our house almost since it was built. It seems they had been in the rental my husband lived in while the current house was being built, and hitchiked in some of his clothes. They eat just about any kind of fabric, but espe...
by Gnirk
Sat Mar 18, 2017 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: rewriting will
Replies: 17
Views: 1210

Re: rewriting will

A daughter is a daughter all her life, a son is a son until he gets a wife. Dan999 Sad, but often true. I've seen that countless times, even within our own families. And it's not because the sons' families haven't been welcoming. Using the threat of unequal inheritance won't help the situation, IMH...
by Gnirk
Fri Mar 10, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance from trust as a trustee
Replies: 2
Views: 275

Re: Inheritance from trust as a trustee

Yes. i was trustee and beneficiary of my mother's living trust, and received stepped-up basis.
by Gnirk
Fri Mar 10, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Total Annual Expenses
Replies: 57
Views: 4193

Re: Total Annual Expenses

Our total expenditures in 2016 were $115,000 not including income taxes. We are retired, no debt. We have expenses for our primary residence, and our snowbird home. We enjoy travel, DH golfs, and we are helping to pay for granddaughter's college education at a private university ( though 2/3 is cove...
by Gnirk
Sat Mar 04, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Zero Income Tax on $100,000 Income? Really? Let's see if we can give new life to this old topic!
Replies: 68
Views: 8103

Re: Paying Zero Income Tax on $100,000 Income? Really? Let's see if we can give new life to this old topic!

Wow...no taxes with $100,000 income! Sounds great, but not something I can figure out. Retired couple with his and hers SS, a small pension, RMDs from our T-IRAs, and no debt, no mortgage, no dependents, and not enough deductions to itemize. Oh, well. Some of us will just have to pay taxes, so we ca...
by Gnirk
Tue Feb 28, 2017 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Financial implications of paying for elderly mother' care facility
Replies: 6
Views: 775

Re: Financial implications of paying for elderly mother' care facility

You may be able to claim her as a dependent. Also, some or all of the cost of board and care may be considered Long Term Care, and can be deducted as a medical expense. Check with a good CPA.
by Gnirk
Fri Feb 24, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Selling inherited stocks question, cost basis??
Replies: 10
Views: 796

Re: Selling inherited stocks question, cost basis??

The funds/ stocks I inherited from my mother show the cost basis as the value on the date of her death, not the date they were transferred to my name.
by Gnirk
Fri Feb 17, 2017 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 66
Views: 7585

Re: What Do You Keep In Your Bank Safe Deposit Box?

Fine jewelry, deed to cemetery plots, paper EE and I bonds. DH keeps auto titles, our wills, and other papers in safe at home.
by Gnirk
Fri Feb 10, 2017 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Payment Method for Private Used Car Sale
Replies: 43
Views: 2569

Re: Payment Method for Private Used Car Sale

When my DH bought a used car from a private party, he met the seller at the seller's bank. My D H paid by check, and the seller had his bank call our bank and verify funds.
by Gnirk
Fri Feb 10, 2017 8:47 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 229
Views: 17073

Re: Why do you go to restaurants?

cheese_breath wrote:So someone else can do the cooking and after dinner cleanup.

:thumbsup :thumbsup :thumbsup
by Gnirk
Sun Feb 05, 2017 1:46 am
Forum: Personal Finance (Not Investing)
Topic: Banking ATM card with no international ATM fees and foreign exchange fees
Replies: 15
Views: 1223

Re: Banking ATM card with no international ATM fees and foreign exchange fees

I opened a CapitalOne 360 on-line checking account before my trip to France last fall. No ATM charges (I used BNP Paribas ATMs in Paris and Avignon). I was relieved to see the ATM display change from French to English after I inserted my card. No foreign transaction fees. I just transferred more tha...
by Gnirk
Wed Feb 01, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Spendthrift Daughter
Replies: 44
Views: 3727

Re: Spendthrift Daughter

I understand your concerns, as a dear friend has a spendthrift daughter as well. She leaves 50% of her estate to child 1, who is very good at handling money. She leaves 30% of her estate to the spendthrift child inside a spendthrift trust where she receives only the income from the trust, and she le...
by Gnirk
Tue Jan 31, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Small stock holding at ComputerShare
Replies: 12
Views: 1086

Re: Small stock holding at ComputerShare

I transferred several small (less than 100 shares each) holdings from Computershare to Vanguard last year. No cost.
by Gnirk
Mon Jan 30, 2017 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my MIL figure out her holdings (Success! at least mostly)
Replies: 47
Views: 4248

Re: Helping my MIL figure out her holdings (no idea where)

AT&T, Alcatel, and Lucent are all essentially the same thing since they have been bought, sold, divested, merged, acquired, split over the years. So it sounds legit and what someone who owned Ma Bell shares a long time ago might end up with today. Yes, Ma Bell spun off into the baby Bells, some...
by Gnirk
Thu Jan 26, 2017 3:10 am
Forum: Investing - Theory, News & General
Topic: Dow hits 20,000. What next? Share your strategy
Replies: 107
Views: 9533

Re: Dow hits 20,000. What next? Share your strategy

I've been retired for ten years. I'm comfortable with maintaining my 35% stocks, 60% bonds, 5% cash. 90% of my portfolio is in taxable, and I know I'm not willing to take more risk.
by Gnirk
Sun Jan 22, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Do you check your credit reports annually?
Replies: 48
Views: 3040

Re: Do you check your credit reports annually?

Yes. A different one every four months. Errors have been a second (transposed) SS number, and a business address which was reported as a residence.
by Gnirk
Sat Jan 21, 2017 9:03 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2686
Views: 735270

Re: What Movie Have You Recently Watched?

The Founder. About Ray Kroc. Came away really disliking the slime ball.
by Gnirk
Thu Jan 19, 2017 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help converting individual bonds to bond fund(s)
Replies: 4
Views: 378

Re: Help converting individual bonds to bond fund(s)

I, too, have individual Municipal bonds in my Vanguard account. All are high quality and pay 5% or more, tax and AMT-free. However, as they are called, or mature, I re-invest the proceeds into Vanguard's Intermediate-term Tax-exempt Bond Fund.
by Gnirk
Tue Jan 10, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for asset protection for 70+yr old inlaws, one with advancing dementia
Replies: 13
Views: 1227

Re: Advice for asset protection for 70+yr old inlaws, one with advancing dementia

Do your FIL & MIL have signed Durable Power of Attorney for each other? If so, are they immediate or "springing"? Perhaps your wife can help your MIL to document all of his erratic behavior, as well as poor financial decisions. Once this is done, and continues to be documented, perhaps...
by Gnirk
Mon Jan 09, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Question re: Inherited tIRA RMD tules
Replies: 3
Views: 458

Re: Question re: Inherited tIRA RMD tules

I was the named beneficiary on mom's IRA account.

The account is registered with Vanguard as follows:
My Name
BENEF My Mother's Name

Thank you.
by Gnirk
Mon Jan 09, 2017 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Question re: Inherited tIRA RMD tules
Replies: 3
Views: 458

Question re: Inherited tIRA RMD tules

I am 72, and began taking my own RMD's in 2015. My mom passed away at the age of 90 in July, 2015. She had already taken her 2015 RMD. I was the beneficiary on her tIRA. It was transferred to me as an inherited IRA. The account was at Chase bank. I took my RMD for 2016 in April, then transferred the...
by Gnirk
Wed Jan 04, 2017 10:48 pm
Forum: Personal Consumer Issues
Topic: What is the most inexpensive way to learn driving in Seattle?
Replies: 14
Views: 1172

Re: What is the most inexpensive way to learn driving in Seattle?

I would invest in a good driving school, if you want to get your driver's license. You might call AAA of Washington and see if they have any recommendations. I grew up in Seattle, and learned to drive there, but that was 50 years ago, and traffic wasn't anything like it is now. I dread driving in Se...
by Gnirk
Fri Dec 30, 2016 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Help Parents Again?
Replies: 63
Views: 4925

Re: Help Parents Again?

OP, you have received a lot of info here. Personally, I think this is a case for "tough love" and letting your parents be responsible for themselves. It won't be easy, just like tough love isn't easy for a parent dealing with a child. As my mom once told me, it's much harder to say "n...
by Gnirk
Sat Dec 24, 2016 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: how to distribute assets to beneficiaries by percentages
Replies: 8
Views: 871

Re: how to distribute assets to beneficiaries by percentages

My husband has his estate divided equally among his son and daughter's families, but because of circumstances he leaves 50% of his estate to his son (who has a wife and two children), 30% to his daughter, and 10% to each of his daughter's two children.
by Gnirk
Fri Dec 23, 2016 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: How do states that do not have income state taxes survive
Replies: 25
Views: 2285

Re: How do states that do not have income state taxes survive

Washington has a business tax which gets embedded in the cost of goods and services. Going out to eat here is quite a bit more expensive than, for example, in Michigan or Texas. If you have a high income, it is still generally more lucrative to live in a low- or no-income tax state. We in Washingto...
by Gnirk
Sun Dec 11, 2016 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Finding lost assets
Replies: 21
Views: 2016

Re: Finding lost assets

First of all, I'm truly sorry about the situation your SIL is in. If her father had a formal diagnosis of dementia before he married his caregiver, it might be that the marriage was not legal. Also, who had Durable Power of Attorney for him, if anyone? Someone had to be making decisions for him, and...
by Gnirk
Sun Dec 11, 2016 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble freezing their credit?
Replies: 6
Views: 761

Re: Anyone else have trouble freezing their credit?

I don't know where you live, but in Washington State, your Credit Freeze is free if you are over 65. Maybe check your State Attorney General's website to see if your state has the same offer. You do have to pay to unfreeze it, however.
by Gnirk
Sat Dec 03, 2016 2:18 am
Forum: Personal Finance (Not Investing)
Topic: "E-E bonds" or "Double E bonds" ?
Replies: 8
Views: 1148

Re: "E-E bonds" or "Double E bonds" ?

I say "Double E" bonds. But I type EE Bonds.
by Gnirk
Thu Dec 01, 2016 7:53 pm
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 7321

Re: Should I buy a new car for safety's sake?

What??? You're in Central Oregon, and you don't drive a Subaru??? :twisted:
Sorry, couldn't resist. However, they are all-wheel drive, and the new ones have great safety features. My brother has owned three Subarus, driving each nearly 300,000 miles. And he loves the safety features on his new one.

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