Search found 550 matches

by Gnirk
Tue Sep 20, 2016 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance Plan Help
Replies: 19
Views: 1762

Re: Inheritance Plan Help

Assuming that your spouse predeceases you, there is the chance that she may remarry, and circumstances will change. For that reason, I would specify a percentage of the estate go to your daughter upon your death, with the remaining going to your wife. And vice-versa. I personally know of two instanc...
by Gnirk
Sun Sep 18, 2016 2:51 pm
Forum: Personal Consumer Issues
Topic: More on Scouting Retirement Locations
Replies: 35
Views: 2720

Re: More on Scouting Retirement Locations

I think it depends upon whether or not you like to be around water: lakes, ocean, etc. We live in the PNW, and I've grown up around lakes and Puget Sound. To get away from our wet, sometimes dreary winters, we bought a snowbird home in the La Quinta/Palm Desert area of California. It's a small home ...
by Gnirk
Sun Sep 18, 2016 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Spouses Asset Allocation Separate?
Replies: 10
Views: 780

Re: Spouses Asset Allocation Separate?

If your other finances are joint, then I would view yours and your spouses retirement accounts and taxable accounts as one, for asset allocation. My DH and I keep all of our finances separate (second marriage with each having adult children) so we each have our own asset allocation according to our ...
by Gnirk
Sat Sep 17, 2016 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Anyone Have Experience w/ PenFed ACH?
Replies: 4
Views: 268

Re: Anyone Have Experience w/ PenFed ACH?

I have my PenFed account tied to my Ally savings account. When a CD matures, and I'm not going to open a new one, I have Ally pull from PenFed.
by Gnirk
Tue Sep 13, 2016 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: When to sell parent's home
Replies: 25
Views: 2316

Re: When to sell parent's home

I have been through this. There are several things to consider: Most insurance companies will not pay any claims if a house has been unoccupied for a specific period of time- if the house is broken into and vandalized or water pipes break, you may be out of luck. However, I believe you can pay for a...
by Gnirk
Thu Sep 08, 2016 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: LTC Quandary
Replies: 32
Views: 2801

Re: LTC Quandary

Wow, LTC premiums have really increased! Personally, I don't have LTC and am self-insured, with less assets than you have. However, my mom had LTCI through Genworth, and over 20 years paid less than $20,000 total in premiums. She had a 4 year/ 5% inflation adjustment policy which paid out a total of...
by Gnirk
Tue Aug 30, 2016 12:04 am
Forum: Investing - Theory, News & General
Topic: Retirees Saying No To The Market
Replies: 57
Views: 7325

Re: Retirees Saying No To The Market

Do you know retirees who absolutely refuse to invest in the market? I was wondering how well they are doing financially and what are they doing to get by. Thanks. The ones I know have very generous government pensions. When combining SS and pension income, they have more after-tax income than when ...
by Gnirk
Sat Aug 27, 2016 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Questions about POA for my mother
Replies: 29
Views: 1861

Re: Questions about POA for my mother

What Little Bird and Fallible said. Here are my thoughts, and I speak from personal experience. I used my Durable Power of Attorney to manage my mom's finances and medical care. With lots of family help, we were able to keep her in her own home for the first 4 years of the disease. We were very fort...
by Gnirk
Mon Aug 22, 2016 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Definition of an "Estate"?
Replies: 17
Views: 1063

Re: Definition of an "Estate"?

Each state has different probate rules. In Washington State, the probate laws are such that if the person responsible for probating the estate publishes a "Probate Notice to Creditors" in the approved local publication, it reduces the claim period for creditors from 24 months to 4 months. ...
by Gnirk
Wed Aug 17, 2016 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting whole estate in life
Replies: 77
Views: 4310

Re: Gifting whole estate in life

Regarding the Washington State Estate Tax: In 2012, on the advice from my mom's CPA, I, as trustee of her Revocable Living Trust (mom had Alzheimer's) gifted cash and individual Municipal Bonds to her two beneficiaries (my brother and me) to bring her estate under the Washington State limit for Esta...
by Gnirk
Wed Aug 10, 2016 10:31 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgrading to Brokerage account comes with some nuisances
Replies: 70
Views: 8078

Re: Vanguard upgrading to Brokerage account comes with some nuisances

When I found out that with the upgraded brokerage account I cannot "automatically" have the dividends and capital gains of one Vanguard fund invested into another, I told them I didn't want their "upgrade". I complained about it to my Flagship rep, and he said I was just "sp...
by Gnirk
Sat Jul 30, 2016 11:43 pm
Forum: Personal Consumer Issues
Topic: Where to move
Replies: 54
Views: 4392

Re: Where to move

Bend, Oregon??
by Gnirk
Fri Jul 29, 2016 7:13 pm
Forum: Personal Consumer Issues
Topic: Preparing financially for our funerals - prepay or not?
Replies: 97
Views: 5719

Re: Preparing financially for our funerals - prepay or not?

I'm aware funeral customs vary by generation, religion, and family beliefs. Some feel it necessary to have a fancy casket, some are pressured to have the fancy casket by the funeral directors (salesmen) while others prefer simple cremation and a scattering of ashes. My parents purchased a family plo...
by Gnirk
Thu Jul 28, 2016 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 193
Views: 16816

Re: How many folks choose to give inheritance to their children in unequal portions?

Might be a moot point because my wife is a lot younger than I am (17 years) and unless something unexpected happens she should outlive me by quite a few years, in which case she legally gets it all any way and will be the one to divide it up. This is a bad idea. How are your other kids going to fee...
by Gnirk
Thu Jul 28, 2016 12:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Dividend Growth just closed (effective *now*)
Replies: 62
Views: 6235

Re: Vanguard Dividend Growth just closed (effective *now*)

My DH received an email today from Vanguard stating the fund is closed to new investors but he can still buy into it. Unless he sells all his shares, and then he can't buy back in.
by Gnirk
Mon Jul 25, 2016 2:42 pm
Forum: Personal Consumer Issues
Topic: What kind of apartment can $1k get you in your city?
Replies: 60
Views: 3728

Re: What kind of apartment can $1k get you in your city?

You can get a studio in Seattle for about $1,000 per month, plus $75-$150 per month for parking, and an additional $50 per month pet rent, either cat or small dog.
by Gnirk
Sun Jul 24, 2016 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 193
Views: 16816

Re: How many folks choose to give inheritance to their children in unequal portions?

I believe gifts and inheritances should, in normal circumstances, be given evenly. In my case, gifts to one daughter are made out of need, not of her doing. Equal gifts to the other daughter, for her to do with as she wishes. They are equal beneficiaries of my estate. To me, that's only fair.
by Gnirk
Sat Jul 23, 2016 10:53 pm
Forum: Investing - Theory, News & General
Topic: Reliving the Nightmare of the Crisis
Replies: 119
Views: 8990

Re: Reliving the Nightmare of the Crisis

With all the mentions of margin, options, single stocks, market timing, futures, and 100% stock portfolios lately, I thought the forum could use some context in the form of reliving the financial crisis. What are your favorite threads or news stories from that time? What are some memories that stuc...
by Gnirk
Sat Jul 23, 2016 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 193
Views: 16816

Re: How many folks choose to give inheritance to their children in unequal portions?

DH has two adult children, each of whom have two children. While his son is very responsible, and has very stable marriage and family, his daughter is not. She lost a well-paying job and now makes less than half of what she was making. She has spending & gambling issues. DH is dividing his estat...
by Gnirk
Fri Jul 22, 2016 10:49 am
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 193
Views: 16816

Re: How many folks choose to give inheritance to their children in unequal portions?

No matter how logical it seems to split the inheritance unequally, (unless there is a disabled child who requires a special needs trust) when all is said and done, an uneven inheritance almost always comes down to "dad (or mom) didn't love me as much as he loved you". In this case, I would...
by Gnirk
Thu Jul 21, 2016 10:48 am
Forum: Personal Consumer Issues
Topic: Seattle trip at end of May - Any tips?
Replies: 33
Views: 3151

Re: Seattle trip at end of May - Any tips?

Boring city. Been to most of the famous spots, totally not worth it. Totally agree. Unless you like hiking, boating, art, seafood, microbrews, pro sports, and green green natural beauty. Definitely do not visit in July, August or September. You'll just hate it! (Seattle resident here. :beer) Yup, b...
by Gnirk
Sat Jul 16, 2016 5:02 pm
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 123
Views: 8682

Re: What kind of car do Bogleheads like to drive?

Me: 2015 Lexus RX 350.
Him: 2009 Buick Enclave, 2005 Mercedes 350CLK
by Gnirk
Fri Jul 15, 2016 6:33 pm
Forum: Personal Consumer Issues
Topic: Raising a reader
Replies: 53
Views: 3382

Re: Raising a reader

I started reading to my daughters when they were three months old. Later, I made sure the books had beautiful illustrations so they could enjoy the story and the pictures. As they got older , I also limited their tv time as well as which shows they could watch that were age appropriate. The reading ...
by Gnirk
Fri Jul 15, 2016 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving money as a legacy after death
Replies: 15
Views: 1107

Re: Leaving money as a legacy after death

It was my late father's intention to leave a not insignificant amount in his will to a religious based entity/charity. Can't recall the specifics, but something like, say, "25% of the value of his estate". The attorney who was drafting his will suggested that he not do this because the &q...
by Gnirk
Wed Jul 13, 2016 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: Pull out of market?
Replies: 56
Views: 5488

Re: Pull out of market?

After years of angst since the big downturn I finally got the picture that I don't like or tolerate risk well, and I have settled on a 35 stock/60 bond/5 cash allocation, and find that lets me sleep at night. Over 90% of my portfolio is taxable , and I haven't had to withdraw from it yet, other than...
by Gnirk
Sun Jul 10, 2016 10:20 pm
Forum: Personal Consumer Issues
Topic: What do you spend your money on???
Replies: 149
Views: 13708

Re: What do you spend your money on???

Items to help keep spouse comfortable and content in his assisted living group home and to make it as easy as possible for staff to care for him. Recent purchases: case of Yum brand organic wild peppermint candies (helps with cough); 4 new lightweight shirts that look ordinary but which have been r...
by Gnirk
Fri Jul 08, 2016 11:41 pm
Forum: Personal Consumer Issues
Topic: What do you spend your money on???
Replies: 149
Views: 13708

Re: What do you spend your money on???

Tickets for live theatre in Seattle, and a four-day annual trip to the Oregon Shakespeare Festival in Ashland Oregon. And I buy the best seats that are available (that is my splurge). Oh, and much to my husband's chagrin, I buy organic produce whenever possible. As I tell him, It's not about what's ...
by Gnirk
Fri Jul 08, 2016 11:33 pm
Forum: Personal Consumer Issues
Topic: Buying used car in the Pacific Northwest
Replies: 11
Views: 773

Re: Buying used car in the Pacific Northwest

You will probably want a car to explore the area, not everything is reachable by public transportation. Re-the manual transmission. I was born and raised in Seattle, and yes, learned to drive on a car with a manual transmission, and had an Acura with a manual transmission in the late 80's. Never aga...
by Gnirk
Thu Jul 07, 2016 9:47 pm
Forum: Personal Consumer Issues
Topic: Costco Tires - Anyone ever frustrated?
Replies: 86
Views: 6055

Re: Costco Tires - Anyone ever frustrated?

My DH has found that Discount Tires in our area will meet the Costco special price, and have bought them at Discount Tire because they have more locations.
by Gnirk
Thu Jul 07, 2016 9:39 pm
Forum: Personal Consumer Issues
Topic: One day in Seattle. Where to stay?
Replies: 19
Views: 1595

Re: One day in Seattle. Where to stay?

On your "by yourself" day, you might take the ferry over to Bainbridge Island and visit the art museum there and go to dinner. And if you go to Bainbridge, try the ice cream at Mora. :D The town of Winslow on Bainbridge is very walkable, so you don't need a car and can be a "walk-on&...
by Gnirk
Thu Jul 07, 2016 9:36 pm
Forum: Personal Consumer Issues
Topic: One day in Seattle. Where to stay?
Replies: 19
Views: 1595

Re: One day in Seattle. Where to stay?

livesoft wrote:On your "by yourself" day, you might take the ferry over to Bainbridge Island and visit the art museum there and go to dinner.

And if you go to Bainbridge, try the ice cream at Mora. :D
by Gnirk
Wed Jul 06, 2016 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Lump Sum Question for 88 Yr Old Mother
Replies: 14
Views: 1063

Re: Lump Sum Question for 88 Yr Old Mother

From one who has been in a similar situation: It's highly probable your mom will require a higher level of care or skilled nursing later, so making sure the funds are available and secure for her care is important. FWIW, my aunts each lived 20 years with dementia, and my mom 12 years. Nursing homes ...
by Gnirk
Tue Jul 05, 2016 11:56 am
Forum: Personal Finance (Not Investing)
Topic: IRS address, bangs head on counter
Replies: 10
Views: 1543

Re: IRS address, bangs head on counter

If you can't find any other address, mail it to the same address where you would mail your 1040 form. I live in Washington State, and had an issue with my mom's individual returns, and sent the letter to the Internal Revenue Service Center in Fresno, CA, which is the same address for filing her retu...
by Gnirk
Mon Jul 04, 2016 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: gift and estate tax and marriage (Washington state)
Replies: 28
Views: 1772

Re: gift and estate tax and marriage considerations

The only state with a rate that high is Washington with 20%. Gill On the advice of my mom's CPA, I, as trustee of her revocable living trust, gifted on my mom's behalf the maximum to my brother,his wife & his son and me, and my two daughters (so each family received the same amount) over the co...
by Gnirk
Thu Jun 30, 2016 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Will - Remarried with Troubled Kids
Replies: 37
Views: 5084

Re: Will - Remarried with Troubled Kids

Second marriage for us, each with adult children. Separate finances since we married 21 years ago, when he had 10 times the assets and income that I had. I have since received an inheritance, which I have kept separate. My investments go to my children, his investments go to his children. Our jointl...
by Gnirk
Thu Jun 30, 2016 11:58 am
Forum: Personal Consumer Issues
Topic: Which city should I move to?
Replies: 40
Views: 3301

Re: Which city should I move to?

Both Chicago and Seattle are amazing cities with plenty to offer. I think the best question is: how would you handle a Chicago winter? http://www.city-data.com/forum/weather/319525-seattle-weather-vs-chicago-weather.html Chicago winter or Seattle rain. Pick your poison. Ah, but when the sun shines ...
by Gnirk
Thu Jun 30, 2016 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Investing Inheritance
Replies: 19
Views: 1801

Re: Investing Inheritance

Before anything else, please be sure he has a will, a Durable Power of attorney for Health care and a Durable Power of Attorney for Financial. If he has cash available to make modest gifts, then okay, but don't sell investments with capital gains to do so. Also, unless he has a long term care policy...
by Gnirk
Sat Jun 11, 2016 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Inexpensive, reasonably comfortable/durable sunglasses
Replies: 14
Views: 972

Re: Inexpensive, reasonably comfortable/durable sunglasses

If you are a Costco member, they have their Kirkland brand sunglasses for $25-$30. I've found them to be comfortable and attractive, and durable providing you don't accidentally sit on them. :oops: Do they still sell them? I couldn't find them on the website... I've found them in the stores, near t...
by Gnirk
Sat Jun 11, 2016 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Inexpensive, reasonably comfortable/durable sunglasses
Replies: 14
Views: 972

Re: Inexpensive, reasonably comfortable/durable sunglasses

If you are a Costco member, they have their Kirkland brand sunglasses for $25-$30. I've found them to be comfortable and attractive, and durable providing you don't accidentally sit on them. :oops:
by Gnirk
Wed Jun 08, 2016 7:25 pm
Forum: Investing - Theory, News & General
Topic: Crazy housing market
Replies: 77
Views: 9074

Re: Crazy housing market

The housing market in Seattle is just plain crazy! House prices, condo prices, and rents have skyrocketed, and continue to do so. My 48 yo single daughter has been trying to buy a condo in Seattle for the past year,( conventional financing and 20-25% down) and in each case offered up to $50K over as...
by Gnirk
Thu Jun 02, 2016 11:12 pm
Forum: Personal Consumer Issues
Topic: neighbor issue - do I need a fence?
Replies: 90
Views: 7147

Re: neighbor issue - do I need a fence?

You absolutely need a fence. 1. Get a survey performed. 2. Hire a reputable fence contractor to put a nice sturdy fence an inch or two inside your property line. 3. Make sure the contractor is licensed and that he gets a permit if required (call the city zoning/inspection dept to verify) 4. Make su...
by Gnirk
Thu Jun 02, 2016 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: Hold or sell inherited munis?
Replies: 17
Views: 1291

Re: Hold or sell inherited munis?

I, too, inherited municipal bonds with a 5% or more coupon, tax and AMT free. They fit in with my overall allocation, but all are expected to mature or be called within the next three years, unfortunately for me ( I am retired). And those which had a call date have already been called, since the dat...
by Gnirk
Tue May 31, 2016 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Informing your adult kids about your detailed personal finances
Replies: 30
Views: 4255

Re: Informing your adult kids about your detailed personal finances

My DH's son has a spreadsheet with my DH's account information, contacts, phone numbers, etc. My daughter has the same for my information. (our finances are kept separate....second marriage). But no details as to the actual investments or amounts in the accounts, or passwords. They also have a copy ...
by Gnirk
Mon May 30, 2016 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: POD I-bond redemption question
Replies: 1
Views: 285

Re: POD I-bond redemption question

I sent both a certified copy of the death certificate and the original copy of Letters Testamentary ( I only had one, and they requested an original) showing me as Personal Representative of my mom's estate when changing ownership on non-POD bonds per her will instructions. I requested return of bot...
by Gnirk
Mon May 30, 2016 4:06 pm
Forum: Investing - Theory, News & General
Topic: Retiree feelings about nest egg
Replies: 36
Views: 6557

Re: Retiree feelings about nest egg

When we first realized that our nest egg must support us for 30 years, it was a cold-water-in-the face scary. Self-employed means you live off of whatever you have saved/invested plus social security. That's it, there are no defined benefit pensions involved. There is no new money coming in. We were...
by Gnirk
Mon May 30, 2016 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Informing your adult kids about your detailed personal finances
Replies: 30
Views: 4255

Re: Informing your adult kids about your detailed personal finances

Our children know the names, addresses, phone numbers and contacts for our financial accounts, but not the amounts in them.
by Gnirk
Fri May 27, 2016 3:09 pm
Forum: Personal Consumer Issues
Topic: I bought the wrong car - know it after 15 days
Replies: 156
Views: 23132

Re: I bought the wrong car - know it after 15 days

I understand having back issues with car seats. I can't ride/drive an Acura or a Ford any more, even though I drove an Acura Legend for several years 20 years ago. The seats just don't have the multiple adjustments that I need to keep away the back pain. The most comfortable, multi-adjusting seats (...
by Gnirk
Thu May 26, 2016 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Costco AMEX Transition - Costco has no answers
Replies: 163
Views: 27848

Re: Costco AMEX Transition - Costco has no answers

It was stated in the paperwork received with the new CITI Visa cards.
by Gnirk
Thu May 26, 2016 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Costco AMEX Transition - Costco has no answers
Replies: 163
Views: 27848

Re: Costco AMEX Transition - Costco has no answers

It was stated in the paperwork received with the new CITI Visa cards.

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