Search found 656 matches

by Gnirk
Fri Sep 22, 2017 6:06 pm
Forum: Investing - Theory, News & General
Topic: VG wants everyone to transfer to a brokerage account?
Replies: 47
Views: 3325

Re: VG wants everyone to transfer to a brokerage account?

I didn't accept the invitation to convert because the "new" brokerage account won't automatically invest the dividends and capital gains from one fund into another fund. I would have to direct them to the cash settlement fund, and then manually move them from the cash fund into the other fun, which ...
by Gnirk
Mon Sep 18, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: dementia, POA, credit freezes, and IRS tax return PIN - what am I getting into?
Replies: 36
Views: 2693

Re: dementia, POA, credit freezes, and IRS tax return PIN - what am I getting into?

My mom's SS was directly deposited into her checking account. Her state retirement was also directly deposited. She added me as a signer on the account when she was in the very early stages of Alzheimer's. I used that account to pay her bills. I also had POA, but never got involved with SS POA. I pu...
by Gnirk
Wed Sep 13, 2017 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Can my elderly mother deduct the entire cost of memory care from her taxes?
Replies: 11
Views: 1217

Re: Can my elderly mother deduct the entire cost of memory care from her taxes?

Do you have medical Durable Power of Attorney for your mother?. If I were you, I would consult with her primary care physician, and tell him all of your concerns. Also, consult with her psychiatrist, if necessary. They should be willing and able to make a formal diagnosis, and recommend a care plan....
by Gnirk
Mon Sep 11, 2017 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Tax deduction for my elderly mother's geriatric care expenses?
Replies: 3
Views: 592

Re: Tax deduction for my elderly mother's geriatric care expenses?

If this can be considered long term care, it should be deductible, subject to the IRS limitations on medical deductions, but I think she must be able to be claimed as your dependent in order to deduct it from your taxes. My mom's CPA deducted her LTC expenses from HER taxes, since I was paying it ou...
by Gnirk
Sun Sep 10, 2017 12:55 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else freeze their credit score?
Replies: 126
Views: 10843

Re: Anyone else freeze their credit score?

winski58 wrote:
Sat Sep 09, 2017 1:45 pm
Just froze Experian, TransUnion and Equifax this morning and there was no charge. Does this mean my credit has been breached?
Not necessarily. In our state, there is no charge for freezing your credit if you are 65 or older.
by Gnirk
Sat Sep 09, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else freeze their credit score?
Replies: 126
Views: 10843

Re: Anyone else freeze their credit score?

Yes, froze it yesterday. Retired, no need for new credit.
by Gnirk
Fri Sep 08, 2017 1:29 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 628
Views: 37222

Re: Equifax customer information leak

Went to the Equifax website, followed their instructions, and DH and I have had our info compromised. We each have a different date to return to the website and complete the enrollment in their monitoring program. We will also freeze our credi. It's free in our state for anyone 65 or older, that's o...
by Gnirk
Tue Sep 05, 2017 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Moving in with my parents [how to handle financing]
Replies: 12
Views: 1302

Re: Moving in with my parents [how to handle financing]

Some other thoughts regarding this, which may or may not be pertinent: If you are married, what happens to your parents living in the guest house if: You are married and get divorced? You should die before them? Will the property be titled Joint With Right of Survivorship? No spouse involved? You re...
by Gnirk
Mon Sep 04, 2017 5:07 pm
Forum: Personal Consumer Issues
Topic: repairman broke washing machine, what would you do?
Replies: 42
Views: 3981

Re: repairman broke washing machine, what would you do?

Dang! We bought our last washer "used" and it lasted 30 years. It was several years old when we bought it. It was a basic Whirlpool.

I've had Kenmore appliances last 35 years.
Sometimes I miss the good old days.
by Gnirk
Sun Sep 03, 2017 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Humble dollar article on munis
Replies: 6
Views: 649

Re: Humble dollar article on munis

95% of my portfolio is in taxable. My bond percentage is 60%, tax bracket 28%, therefore, munis in taxable.
by Gnirk
Sun Sep 03, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: LTCI Experience
Replies: 16
Views: 1562

Re: LTCI Experience

Positive experience with Moms LTCI. 4 year payout policy at $145 per day. She paid less than $20,000 in premiums over approximately 20 years, the policy paid out approximately $210,000. Her policy was strictly for a skilled nursing facility, and required the facility to have an RN on staff, as well ...
by Gnirk
Sun Aug 27, 2017 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi or RM
Replies: 18
Views: 810

Re: LTCi or RM

itstoomuch wrote:
Sun Aug 27, 2017 9:07 pm
TD26426, you must be familiar with Seattle Transit and BigBertha. :annoyed
:moneybag :moneybag :moneybag
by Gnirk
Sat Aug 26, 2017 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: My Mom's portfolio
Replies: 14
Views: 1364

Re: My Mom's portfolio

Dear OP- Your mom is 71, and may have another 25-30 years to live and support herself. IMHO, it's very important to keep in mind that the unthinkable can happen, and unfortunately often does. My very healthy, very active mom spent 12 years suffering from Alzheimer's, until she passed away at the age...
by Gnirk
Mon Aug 21, 2017 7:27 pm
Forum: Investing - Theory, News & General
Topic: IBonds: My worst bond investment over the last 5 years
Replies: 74
Views: 7429

Re: IBonds: My worst bond investment over the last 5 years

The $5,000 iBonds I purchased in 2011 are paying 2.76%, and are now worth $5,548 each. The iBonds I purchased in 2012 are paying 1.96%, and are worth $5,390 each. Currently, I have 5-year CDs paying more than either of these, but they aren't inflation adjusted. However, the $5,000 iBonds purchased i...
by Gnirk
Sun Aug 20, 2017 3:54 pm
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 13341

Re: I own no international stocks. Can you guess why?

Because you're following your IPS.
by Gnirk
Sun Aug 20, 2017 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell our Home to Mother-in-law?
Replies: 22
Views: 1536

Re: Should we sell our Home to Mother-in-law?

If you are going to sell it to your MIL, you need to consider the "What If's": What if there is a major issue with the house 2 years down the road? Roof fails, plumbing fails, etc. Will you be made to feel "responsible" for this, as if they were pre-existing conditions? It sounds like the bedrooms a...
by Gnirk
Fri Aug 18, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Kitchen Remodel Price/Contractor Dispute
Replies: 37
Views: 3841

Re: Kitchen Remodel Price/Contractor Dispute

OMG....even I know how to install baseboards properly! As for not paying the $500....I'd probably cave, but my husband wouldn't.
by Gnirk
Fri Aug 18, 2017 5:01 pm
Forum: Personal Consumer Issues
Topic: Powerball - $510 million?
Replies: 64
Views: 4633

Re: Powerball - $510 million?

I bought a ticket, and figure I just donated $2 to the winner's jackpot. :?
And if by some fluke I won, 20% would go to family and friends, including us, and 80% would create a charitable foundation.
I've never wanted a lavish lifestyle.
by Gnirk
Thu Aug 17, 2017 11:40 am
Forum: Personal Consumer Issues
Topic: Other people's perception of your finances
Replies: 73
Views: 4004

Re: Other people's perception of your finances

I understand your situation, as we have a similar one. We are retired and have a snowbird house in the desert, and often host couples from home, some of whom visit us every year. And at times we feel some of our friends really take advantage of our hospitality and generosity, but that may be partly ...
by Gnirk
Thu Aug 10, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Washington State Income/Capital Gains Tax Changes
Replies: 2
Views: 438

Re: Washington State Income/Capital Gains Tax Changes

I'm a lifelong resident of Washington State, and the voters have voted down an income tax more than once. In order for an income tax to become law, there would have to be a change in the state constitution. This is not meant as a political comment, but a factual comment: Many of the local government...
by Gnirk
Wed Aug 09, 2017 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell a home to a friend's daughter?
Replies: 31
Views: 3072

Re: Should we sell a home to a friend's daughter?

Another option would be to make it clear from the beginning that the property will be sold "as is". That way the onus is on them to identify any potential problems, and then decide whether or not to proceed. My friend inherited her parent's home, built in 1925 and not updated. She listed it with a ...
by Gnirk
Mon Aug 07, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: How do you deal with financial anxiety?
Replies: 40
Views: 3090

Re: How do you deal with financial anxiety?

I run the numbers and do a lot of self-talk and make myself look at the big picture whenever I experience anxiety over a particular purchase, or whether or not I have enough to live on should I become a widow. That, and a good night's sleep seems to take care of the anxiety.
by Gnirk
Mon Aug 07, 2017 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: How long does TreasuryDirect take to convert paper I bonds?
Replies: 66
Views: 14849

Re: How long does TreasuryDirect take to convert paper I bonds?

"Despite enclosing a SASE and a note asking that the death certificate be returned, we haven't received it. As to processing procedurres and other faqs, etc, it's all here at Treasury Direct. https://www.treasurydirect.gov/indiv/myaccount/myaccount_treasurydirect.htm I don't recall getting an email ...
by Gnirk
Mon Aug 07, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: How long does TreasuryDirect take to convert paper I bonds?
Replies: 66
Views: 14849

Re: How long does TreasuryDirect take to convert paper I bonds?

I mailed about 60 EE bonds in October, 2015, and was told it would take 3 months to convert. However, it took only two months.
by Gnirk
Mon Aug 07, 2017 1:45 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5941

Re: Anyone else have trouble spending?

We have trouble spending because we've spent so many years being frugal, and saving. We still clip coupons, and seldom, if ever, buy anything that isn't on sale. My husband's doctor recommended a medication that has the potential to increase his quality of life, while also allowing him to stop takin...
by Gnirk
Sat Aug 05, 2017 11:05 am
Forum: Investing - Theory, News & General
Topic: Has the "bond bubble" caused you to change your allocation?
Replies: 90
Views: 9575

Re: Has the "bond bubble" caused you to change your allocation?

No changes to allocations, staying the course with 35% stocks/60% Bonds, 5% cash which helps me sleep well at night in retirement.
by Gnirk
Thu Aug 03, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Losing confidence in Ally Bank - what would you do
Replies: 58
Views: 6788

Re: Losing confidence in Ally Bank - what would you do

I also tried to transfer funds from my Ally savings to my credit union checking, and received a message on the page that the transfer couldn't be completed, and to call. So I did, and was told that there was a glitch in the system, and to try again today. I did, and today's transfer was successful. ...
by Gnirk
Sun Jul 30, 2017 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide if you can afford something?
Replies: 63
Views: 3776

Re: How do you decide if you can afford something?

I first run the numbers: how will it hit my financial bottom line, and what would the along-term effect be. With regards to affording material things, I ask myself do I really NEED it? If I don't really need it, how much do I really WANT it? WHY do I want it? And if I can afford it, will I feel stup...
by Gnirk
Tue Jul 25, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Grandson just got married. Wants to add wife's name to accts
Replies: 32
Views: 4418

Re: Grandson just got married. Wants to add wife's name to accts

I have beneficiaries on my taxable accounts at Vanguard.
by Gnirk
Mon Jul 24, 2017 1:16 am
Forum: Personal Consumer Issues
Topic: Verizon- Why do they treat old customers worse?
Replies: 47
Views: 5418

Re: Verizon- Why do they treat old customers worse?

How wonderful to have a choice of cable providers.....even if that choice is limited. We have one cable provider: Comcast. Or we can choose a service that includes installing lots of exterior cableing and a satellite dish. :annoyed
by Gnirk
Sun Jul 23, 2017 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: What's you safety deposit box fee?
Replies: 50
Views: 3329

Re: What's you safety deposit box fee?

$37 per year for the medium sized box at my local Credit Union.
The small box was $17 per year, but the bigger box is so worth it to me.
As far as I know there is no minimum balance required in my checking account. There is a minimum balance required at all times in the savings account.
by Gnirk
Sun Jul 23, 2017 2:00 pm
Forum: Personal Consumer Issues
Topic: car rental at OGG, any opinions?
Replies: 30
Views: 1754

Re: car rental at OGG, any opinions?

Maui car rentals are always busy because so many flights arrive around the same time. I knew this, so when we arrived at OGG in June, I retrieved the luggage while my husband went directly to the rental car agency. We will do this at other large airports from now on. By the way, we alway rent cars t...
by Gnirk
Wed Jul 19, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Should we bird dog our probate lawyer?
Replies: 15
Views: 2095

Re: Should we bird dog our probate lawyer?

Personally, if I were the executor, I wouldn't sign off on anything until I have seen all the relevant documents. Did the executor sign the tax return before it was submitted?
by Gnirk
Tue Jul 18, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Recent article - Medicaid and other long- term care options
Replies: 6
Views: 721

Re: Recent article - Medicaid and other long- term care options

The possibility / probability of needing LTC is very real, and the financial hit can be in the hundreds of thousands. Personal experience: my mom suffered from dementia for 12 years, and was in a private care home for 8 of those years. The cost was less and the care far better in the private care ho...
by Gnirk
Fri Jul 14, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: How to keep Wife's Inheritance Separate
Replies: 11
Views: 1604

Re: How to keep Wife's Inheritance Separate

I live in Washington State, which is also a community property state. I have kept my inheritance separate from our joint finances, and have a tracking record of the inheritance. I have no need to set up a living trust because our probate laws are much less complex than California's. The Vanguard acc...
by Gnirk
Fri Jul 14, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Finance Q for those that have gone through Divorce
Replies: 38
Views: 3222

Re: Finance Q for those that have gone through Divorce

If I were her, I would NOT go for your deal. Yes, she is receiving assets (houses), but they are also liabilities as far as maintenance and taxes are concerned. In addition to ongoing maintenance and taxes, if she sells the houses, she may very well owe capital gains taxes on one or both of them, as...
by Gnirk
Thu Jul 13, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Moving stepfather into long term care facility. Need advice.
Replies: 17
Views: 1981

Re: Moving stepfather into long term care facility. Need advice.

it's no fun being the person responsible for overseeing his care and finances, but it sounds like you are the one most capable, and he and your mom are fortunate to have you. I've been the financial and medical DPOA for my mom, who had Alzheimer's, so I know what it's like to be the responsible one....
by Gnirk
Sun Jul 09, 2017 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Gift to son buy a condo in San Francisco. Co-ownership?
Replies: 55
Views: 4309

Re: Gift to son buy a condo in San Francisco. Co-ownership?

I think it's great to gift your son the money to buy a condo, providing he can afford the taxes and monthly homeowners dues and other fixed costs, including probable increases. My feelings are that if you can afford it, help your children while you are alive and they can really use the help, rather ...
by Gnirk
Wed Jul 05, 2017 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: Accounting for Dividends in Safe Withdrawal Rate
Replies: 42
Views: 2588

Re: Accounting for Dividends in Safe Withdrawal Rate

My DH and I prefer to use the tax-exempt interest from our tax-exempt bond funds as our withdrawals. Over 95% of my portfolio, and 90% of his portfolio, are in a taxable accounts. We are in the 25% bracket, and if we sell shares to meet our needs, we will pay capital gains on those shares.
by Gnirk
Sun Jul 02, 2017 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Need help progressing in life after a massive setback
Replies: 35
Views: 6495

Re: Need help progressing in life after a massive setback

A very similar thing happened to my then 40-year-old daughter five years ago (she had no prior episodes or history of bi-polar and it was a shock to all of us), so I understand what you are going through. She lost her dream job because of it. She has had to change her focus as far as careers go, and...
by Gnirk
Thu Jun 29, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 158
Views: 19280

Re: Vanguard upgraded my accounts - angry

I am on the "old" platform, with a large taxable account, a small IRA, a brokerage account, and a small inherited IRA. I currently have the dividends and capital gains of two funds in the taxable account automatically invested into different funds. As others have said, I was told that this won't occ...
by Gnirk
Thu Jun 15, 2017 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Prices, expecting over listing?
Replies: 8
Views: 998

Re: Real Estate Prices, expecting over listing?

It's commonplace in the Greater Seattle Area right now for properties to sell for up to $100,000 over asking price. It has to do with the fact that there is little inventory, and an influx of high-tech, highly-paid people into the Seattle area right now. A 600 SF condo on a busy thoroughfare and no ...
by Gnirk
Sun Jun 04, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Is anyone here allocated 30/70 a la Rick Ferri's "new center of gravity?"
Replies: 35
Views: 5715

Re: Is anyone here allocated 30/70 a la Rick Ferri's "new center of gravity?"

73 yo, retired about 10 years, no debt, very small pension (COLA'd) and SS (taken at 63). I have a 35/60/5 allocation which lets me sleep well at night. I will probably change to 30/65/5 within a few years. 90% of my investments are in taxable accounts, so bonds are muni funds and individual muni bo...
by Gnirk
Sat Jun 03, 2017 9:49 pm
Forum: Investing - Theory, News & General
Topic: Everything keeps going up, this feels too easy?
Replies: 113
Views: 9704

Re: Everything keeps going up, this feels too easy?

Being retired for about ten years (not long before the 2008 downturn), I get a little nervous when I watch this Bull market continue. But I'm comfortable with my AA at 35/60/5, even though my withdrawal is about 1%/year at this point.
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: 37
Views: 4388

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: 1172

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: 27984

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: 27984

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...