Search found 173 matches

by Goodman60
Mon Apr 24, 2017 4:53 pm
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 51
Views: 3189

Re: Issue With Real Estate Agent (Seller)

I hate to be blunt, but I think you're trying to justify your price to yourself rather than accept market feedback. As others have mentioned you need to reset your market expectations and if you think you have the yeild curve perfect consider renting it out for a period. When my wife and I purchase...
by Goodman60
Mon Apr 24, 2017 4:45 pm
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 51
Views: 3189

Re: Issue With Real Estate Agent (Seller)

One other relevant tidbit: I told the realtor at the beginning that I wanted a 5% commission listing, to which she agreed. When I complained recently about the lack of traffic, she said that "maybe' some realtors are shying away from the 5% commission, generally reserved for homes $1M and over....
by Goodman60
Mon Apr 24, 2017 4:36 pm
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 51
Views: 3189

Re: Issue With Real Estate Agent (Seller)

Ok. Thanks for the clarification. I better understand the street issue now. Have any of the 19 similar detached homes sold recently? 3 over the past 5 years...because they were the only ones for sale (a very stable neighborhood). Mine, however, is right against the entrance to the townhouses, so it...
by Goodman60
Mon Apr 24, 2017 4:24 pm
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 51
Views: 3189

Re: Issue With Real Estate Agent (Seller)

I am the OP replying to the last post. First of all, I think you're replying to multiple folks here. My home is a 4 bedroom, single family home in an upscale suburb of Pittsburgh with an excellent, "highly desirable" school district. The cul-de-sac issue is as follows: The house was built ...
by Goodman60
Mon Apr 24, 2017 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 75
Views: 4604

Re: Why is Real-Estate so Bad?

My overall conclusion about real estate is that what makes it "so bad" is that it's us, the little guys, competing with the economy of scale of the big guys. The era where Grandpa could accumulate a fortune buying duplexes is pretty much over. Because with computers and automation, the lit...
by Goodman60
Mon Apr 24, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 117
Views: 10702

Re: Any regrets living a frugal life for high income/high networth individuals?

Of course all those who died young (and presumably regret having been overly frugal) are unable to post... Interesting thing about that. It's not just death that could cause regrets. You could end up constrained in other ways and live to regret it. In my case, I acquired a chronic health condition ...
by Goodman60
Sun Apr 23, 2017 6:55 pm
Forum: Local Chapters and Bogleheads Community
Topic: The next generation of Boglehead authors
Replies: 37
Views: 2314

Re: The next generation of Boglehead authors

I miss Rick Ferri's posts too
by Goodman60
Sun Apr 23, 2017 12:34 pm
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 51
Views: 3189

Re: Issue With Real Estate Agent (Seller)

I'm envisioning the 1979 yellow needs to go. Neutral neutral, neutral. A fresh coat of paint is $50 and an afternoon. If it helps get an offer, it's def worth it. Not saying that's your biggest problem, but I'm guessing its not helping. What about the yellow fixtures and yellow tile floor? I can't ...
by Goodman60
Sun Apr 23, 2017 12:13 pm
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 51
Views: 3189

Re: Issue With Real Estate Agent (Seller)

Is it your house or the economy in Pittsburgh? Westinghouse bankruptcy, Heinz and Kraft merger, other things affecting your sale? What does your current realtor tell you about the economy if she is one of the top agents? Naah. Despite those local speed bumps, medicine and Google/Carnegie Mellon hav...
by Goodman60
Sun Apr 23, 2017 10:48 am
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 51
Views: 3189

Re: Issue With Real Estate Agent (Seller)

Again I'm the OP with some answers to follow up questions here. The listing was for 4 months, expiring in about 30 more days. The agent is a "big Gun" and my $475K property is in the "average" price range of what she usually sells. She'll let me go now if I want. She had good, pr...
by Goodman60
Sat Apr 22, 2017 4:51 pm
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 51
Views: 3189

Re: Issue With Real Estate Agent (Seller)

I'm the OP. The house is in good cosmetic and mechanical shape. The lot isn't great; it's a cul de sac that opens into a townhouse complex. That being said, it's in a great school district and is a good neighborhood. I'll take what I can get but it's not clear how far to cut the price and how fast....
by Goodman60
Sat Apr 22, 2017 4:09 pm
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 51
Views: 3189

Re: Issue With Real Estate Agent (Seller)

I'm the OP. The house is in good cosmetic and mechanical shape. The lot isn't great; it's a cul de sac that opens into a townhouse complex. That being said, it's in a great school district and is a good neighborhood. I'll take what I can get but it's not clear how far to cut the price and how fast. ...
by Goodman60
Sat Apr 22, 2017 12:51 pm
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 51
Views: 3189

Issue With Real Estate Agent (Seller)

My home has been listed since January. There have been very few showings in spite of lowering the price 5% then another 5% from where the listing agent suggested we start. I remembered that when I sold my prior home, 25 years ago, the selling agent insisted that she be there to show the property whe...
by Goodman60
Tue Apr 18, 2017 10:25 am
Forum: Personal Consumer Issues
Topic: Dishwasher Problem
Replies: 4
Views: 497

Dishwasher Problem

My 3 year old Kenmore dishwasher did something weird today. Upon trying to clean a load, no water would get into the tub. But water leaked underneath into my garage. There was an error message that there was no water. Oddly, the water is live to the dishwasher and there is no leak as long as I don't...
by Goodman60
Fri Mar 31, 2017 12:29 pm
Forum: Personal Consumer Issues
Topic: Someone To Be In Charge of Moving
Replies: 6
Views: 458

Someone To Be In Charge of Moving

Soon I will be moving out of the house where our kids were raised and we lived for 25 years. I'm single now and will be downsizing to an apartment or probably townhouse. The thought of moving/selling/trashing stuff is stressing me out. I'm fairly well off. Meaning I'd like to just pay someone to be ...
by Goodman60
Wed Mar 01, 2017 8:34 pm
Forum: Personal Consumer Issues
Topic: Florida Sunpass and EPass Tolling
Replies: 5
Views: 623

Re: Florida Sunpass and EPass Tolling

I guess a logical follow up question, perhaps with no concrete answer, is: Why hasn't there been a push for a standardized toll system? Put another way, since so many EZPass'ers from the Northeast visit/move to Florida, why can't EZPASS become at least compatible with the two Florida systems?
by Goodman60
Wed Mar 01, 2017 4:18 pm
Forum: Personal Consumer Issues
Topic: Florida Sunpass and EPass Tolling
Replies: 5
Views: 623

Florida Sunpass and EPass Tolling

Why does Florida have TWO DIFFERENT toll collection agencies...Sunpass and EPass (not to be confused with the North East's EZPass)? To this outsider, this seems totally confusing and, frankly, ridiculous.
by Goodman60
Mon Feb 27, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: To Rent or Buy Townhouse
Replies: 15
Views: 1682

Re: To Rent or Buy Townhouse

This was a good conversation for me, the original poster. Yes, my newly single status means I have no idea where I'll end up in a few years. I guess, having owned my own home for 35 years, I'm a little nervous about not having my "own" place. And I posted this to be sure I wasn't missing a...
by Goodman60
Sun Feb 26, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: To Rent or Buy Townhouse
Replies: 15
Views: 1682

Re: To Rent or Buy Townhouse

Rent for $30000 a year is a lot. Maybe rent for a year or two and then decide. Renting gives a lot of freedom to move around if you want. What does the HOA fee pay for? Outside maintenance? More like $25,000 for a $325,000 unit. Is that alot? Property tax on that unit would be about $9000/year. Yar...
by Goodman60
Sun Feb 26, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: To Rent or Buy Townhouse
Replies: 15
Views: 1682

Re: To Rent or Buy Townhouse

Rent for $30000 a year is a lot. Maybe rent for a year or two and then decide. Renting gives a lot of freedom to move around if you want. What does the HOA fee pay for? Outside maintenance? The HOA fee covers all yard work and show removal (which can be an expensive proposition in a bad winter or n...
by Goodman60
Sun Feb 26, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: To Rent or Buy Townhouse
Replies: 15
Views: 1682

To Rent or Buy Townhouse

I'm newly single and my big family house is for sale. My kids are grown so it's just me. I live in Pittsburgh. Some neighborhoods have seen big real estate price increases as the economy has improved here, but generally property perks along at about the rate of general inflation at best. And propert...
by Goodman60
Thu Feb 16, 2017 4:58 pm
Forum: Personal Consumer Issues
Topic: Good Restaurant Near Clearwater Airport (PIE)
Replies: 4
Views: 317

Re: Good Restaurant Near Clearwater Airport (PIE)

David Jay wrote:Eating PIE? :happy


For dessert!
by Goodman60
Thu Feb 16, 2017 4:01 pm
Forum: Personal Consumer Issues
Topic: Good Restaurant Near Clearwater Airport (PIE)
Replies: 4
Views: 317

Re: Good Restaurant Near Clearwater Airport (PIE)

hammockman wrote:The Chophouse on Ulmerton Drive is very good. Right before 19 North road to the airport, right by the hotels.


Looks good! Thank you!
by Goodman60
Thu Feb 16, 2017 2:46 pm
Forum: Personal Consumer Issues
Topic: Good Restaurant Near Clearwater Airport (PIE)
Replies: 4
Views: 317

Good Restaurant Near Clearwater Airport (PIE)

I'll be staying near the Clearwater Airport ("PIE) soon for an evening, and looking for a nice place to meet and old friend for dinner. Say $40-60 per person, total. Nothing elaborate but a cut above Chili's or Applebees type place.
by Goodman60
Thu Feb 16, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Filing Childs Form 8615 W Parents Income Estimated
Replies: 4
Views: 252

Re: Filing Childs Form 8615 W Parents Income Estimated

Thank you. It's not clear why there is the choice to use Estimated or not, then. In either case, you only have to file an amended return if the child's tax changes. And really, only if the child's tax goes up.
by Goodman60
Thu Feb 16, 2017 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Filing Childs Form 8615 W Parents Income Estimated
Replies: 4
Views: 252

Filing Childs Form 8615 W Parents Income Estimated

I'm wondering if there are any consequences of filing my 22 year old son's tax return, using Form 8615, with the parents income (myself and my wife, filing jointly) as "Estimated". The situation is that we will probably have to put our own tax return on extension, perhaps even beyond Octob...
by Goodman60
Thu Feb 09, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA: transfer titled as Distribution
Replies: 21
Views: 1427

Re: Inherited IRA: transfer titled as Distribution

My wife died recently. My tIRA is at Vanguard and she had a small IRA at Schwab. What I did, to avoid problems, was open my own IRA at Schwab and rolled hers into that as my "Inherited IRA". Then, after the dust settled, I had Vanguard "pull" that IRA into my IRA with them, title...
by Goodman60
Mon Feb 06, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: tIRA to Charity
Replies: 30
Views: 1449

Re: tIRA to Charity

I am the original poster. Here's what I decided, at least for now: I made my existing Donor Advised Charitable Fund the SECONDARY beneficiary of my Vanguard tIRA. I explained to my adult kids, and wrote them a letter with my final instructions, that if death and income taxes are similar to today, th...
by Goodman60
Mon Feb 06, 2017 10:00 am
Forum: Personal Finance (Not Investing)
Topic: tIRA to Charity
Replies: 30
Views: 1449

Re: tIRA to Charity

If you feel confident you have enough for retirement without this IRA, why not start giving it away now? See what charities your local United Way supports. Find a few whose mission appeals to you, and check out their websites. Many will make their Form 990 available online so you can see where thei...
by Goodman60
Mon Feb 06, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: tIRA to Charity
Replies: 30
Views: 1449

Re: tIRA to Charity

... according to James Langue, an IRA Guru often referenced here, there is a huge likelihood that IRAs will have to be withdrawn and taxed over only 5 years by non-spousal heirs. If you leave your IRA to charity, this won't be relevant. I know Jim Lange, and have been a guest on his radio show seve...
by Goodman60
Sun Feb 05, 2017 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: tIRA to Charity
Replies: 30
Views: 1449

Re: tIRA to Charity

You do realize that, unless you have an estate larger than 5.45 million, your estate will go to your heirs tax free? Your heirs will have to take the money out of the IRA over a number of years and pay their personal tax rates on that money. Are your heirs all in the 35% bracket? It's over that. Al...
by Goodman60
Sun Feb 05, 2017 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: tIRA to Charity
Replies: 30
Views: 1449

Re: tIRA to Charity

Peter Foley wrote:Sorry to hear of your loss. If by late last year your mean late 2016, I would look into the possibility of disclaiming the IRA. Let it pass directly to your children and avoid the double taxation.


The big IRA is mine. My wife had a very small IRA.
by Goodman60
Sun Feb 05, 2017 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: tIRA to Charity
Replies: 30
Views: 1449

Re: tIRA to Charity

You might want to consider leaving your IRA to a foundation or a donor advised fund. With $700,000 you could reasonably do either one. The foundation takes more effort to set up but gives the family more control and will probably have lower ongoing costs. If your wife died recently, there may be so...
by Goodman60
Sun Feb 05, 2017 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: tIRA to Charity
Replies: 30
Views: 1449

Re: tIRA to Charity

Alan S. wrote:Re federal estate tax, did you factor in the portability of the unused portion of your wife's exemption?



Yes
by Goodman60
Sun Feb 05, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: tIRA to Charity
Replies: 30
Views: 1449

Re: tIRA to Charity

My goal is to prevent $700,000 from becoming $400,000 due to estate taxes and then having that become $200,000 after income taxation.

There has to be a better way to utilize that pool of money after my death.
by Goodman60
Sun Feb 05, 2017 11:43 am
Forum: Personal Finance (Not Investing)
Topic: tIRA to Charity
Replies: 30
Views: 1449

Re: tIRA to Charity

Thank you for that response. I guess there are two issues here: 1. The most financially efficient way to deploy $700,000, that will, hopefully, be much more when deployed. I prefer to let my children have it but am willing to look at charities and charitable trusts, again with an eye to helping my c...
by Goodman60
Sun Feb 05, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: tIRA to Charity
Replies: 30
Views: 1449

tIRA to Charity

So I've been rethinking my estate plan. I'm only 57, but my wife died fairly suddenly late last year so it's time to rethink my situation. I have a $700,000 tIRA that will be subject to both Federal Estate Tax (under current law) and income tax to my adult children heirs who should be in a fairly hi...
by Goodman60
Fri Feb 03, 2017 9:51 am
Forum: Personal Consumer Issues
Topic: Collision Avoidance Systems
Replies: 19
Views: 1706

Re: Collision Avoidance Systems

5-8 years? I'll be on my 2nd or 3rd new car by then. I'm an every 2-3 year guy.
by Goodman60
Fri Jan 27, 2017 10:57 am
Forum: Personal Consumer Issues
Topic: Speed Queen
Replies: 10
Views: 1499

Re: Speed Queen

Tom, thanks for sharing that info. So I guess that begs the whole new question about agitators. They seem like a throw back...sort of like buying a car with roll down windows. If you want the durability of Speed Queen, why must you sacrifice today's high efficiency standard and have a clothes beatin...
by Goodman60
Fri Jan 27, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Credit Shelter Trusts in the Era of Portability
Replies: 14
Views: 1382

Re: Credit Shelter Trusts in the Era of Portability

Thank you, bsteiner, for the follow up replies.
by Goodman60
Fri Jan 27, 2017 9:03 am
Forum: Personal Consumer Issues
Topic: Speed Queen
Replies: 10
Views: 1499

Speed Queen

There was a prior thread on washers and some discussion of Speed Queen. I just spent time searching for a HE top-loading Sqeed Queen with no agitator...and I cannot find it. Do they make such a machine? Or is the "thing" about Speed Queen that they don't engage in such "new fangled&qu...
by Goodman60
Fri Jan 27, 2017 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Credit Shelter Trusts in the Era of Portability
Replies: 14
Views: 1382

Re: Credit Shelter Trusts in the Era of Portability

I am reviving this thread...I am the original poster. I am also wondering something else about Credit Shelter Trusts...once established, can the surviving spouse make gifts to the trust? Let's say there's a surviving spouse and two adult children. Can the surviving spouse gift each child $14,000 per...
by Goodman60
Mon Jan 16, 2017 9:04 am
Forum: Personal Consumer Issues
Topic: Collision Avoidance Systems
Replies: 19
Views: 1706

Collision Avoidance Systems

One big trait of being a true Boglehead is to limit risk. Accordingly, I am curious about collision avoidance systems in new cars. Do they really work (most of the time)? Is this a big enough advance that would justify buying a new car? Must they be bought with $10,000 of other non-wanted options (I...
by Goodman60
Sat Jan 14, 2017 4:25 pm
Forum: Personal Consumer Issues
Topic: Washing Machines
Replies: 12
Views: 1262

Washing Machines

Due to circumstances beyond my control, I am now living alone. My vintage 2004 Front Loading Washing Machine is ready for replacement. It was a first generation front loader. The problem with smell from mold around the front door seal has been chronic but manageable. We bought it when we had two tee...
by Goodman60
Sun Jan 01, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Shelter Trusts in the Era of Portability
Replies: 14
Views: 1382

Re: Credit Shelter Trusts in the Era of Portability

... 3. Assets transferred to a spouse withing a year of death of the receiving spouse do not get a stepped up basis. They will, however, get a what would have been the second stepped up basis upon the death of the surviving spouse. If those assets go into a credit shelter trust instead of directly ...
by Goodman60
Sun Jan 01, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Shelter Trusts in the Era of Portability
Replies: 14
Views: 1382

Re: Credit Shelter Trusts in the Era of Portability

It's difficult to predict future changes in the tax law. However, since there doesn't appear to be any opposition to portability, and since the Administration's proposal to reduce the exclusion amount to $3.5 million preserved portability, I think the risk of this is small. It preserved portability...
by Goodman60
Sun Jan 01, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Shelter Trusts in the Era of Portability
Replies: 14
Views: 1382

Re: Credit Shelter Trusts in the Era of Portability

This is still relatively new. Portability wasn't made permanent until 2013. So the thinking on this may change. But for now, the most common approach for high net worth couples is still to create a credit shelter trust for the estate tax exclusion amount. That's because the portability amount (the ...
by Goodman60
Fri Dec 30, 2016 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Shelter Trusts in the Era of Portability
Replies: 14
Views: 1382

Credit Shelter Trusts in the Era of Portability

I know this doesn't apply to many, but I am wondering about the pros and cons of Credit Shelter Trusts ("Bypass Trusts) versus using "portability" for high net worth couples. In particular, I am wondering what happens if a surviving spouse gets remarried who used portability when the ...
by Goodman60
Fri Dec 23, 2016 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Estate Valuation of Assets For Weekend Death
Replies: 3
Views: 594

Estate Valuation of Assets For Weekend Death

How are assets valued, for Federal estate tax purposes, when someone dies during the weekend? For mutual funds and stocks? End of day prices for the prior Friday? Some combination of opening price (for stocks) Monday and closing prices for Friday?
by Goodman60
Thu Dec 15, 2016 1:25 pm
Forum: Personal Consumer Issues
Topic: How Does Hospice Work?
Replies: 38
Views: 3932

Re: How Does Hospice Work?

I am the original poster. You all have really cleared this up for me. I appreciate your input. Thank you.

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