Search found 131 matches

by Goodman60
Mon Jan 16, 2017 9:04 am
Forum: Personal Consumer Issues
Topic: Collision Avoidance Systems
Replies: 15
Views: 1084

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: 1025

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: 8
Views: 595

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: 8
Views: 595

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: 8
Views: 595

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: 8
Views: 595

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: 503

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: 3636

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.
by Goodman60
Tue Dec 13, 2016 2:03 pm
Forum: Personal Consumer Issues
Topic: How Does Hospice Work?
Replies: 38
Views: 3636

Re: How Does Hospice Work?

I'm still curious who goes TO a hospice (or hospice unit) and who pays for it.
by Goodman60
Tue Dec 13, 2016 1:59 pm
Forum: Personal Consumer Issues
Topic: How Does Hospice Work?
Replies: 38
Views: 3636

Re: How Does Hospice Work?

Medicare covers hospice in the home for any patient where reasonable life expectancy is less than 6 months. Patient is supposed to have a 24 hr caregiver. They provide meds related to hospice diagnosis, nursing visit typically 2-3x per week, a bath aide @ 3 x a week, a chaplin, social worker if nee...
by Goodman60
Tue Dec 13, 2016 1:41 pm
Forum: Personal Consumer Issues
Topic: How Does Hospice Work?
Replies: 38
Views: 3636

Re: How Does Hospice Work?

"People" keep telling us that "you can go TO A hospice" that is covered as an inpatient benefit. As if to say "you're stupid for paying $11,000 for a nursing home, if you have a terminal diagnosis since YOU CAN GO TO A HOSPICE". And they point out places called "HO...
by Goodman60
Tue Dec 13, 2016 1:08 pm
Forum: Personal Consumer Issues
Topic: How Does Hospice Work?
Replies: 38
Views: 3636

Re: How Does Hospice Work?

Ok, but the core question still remains unanswered: Does hospice pay for in-patient hospice care? And for how long? What happens in a situation like this where it's not clear how long the patient will live in that situation? Medicare.gov says this: What is NOT Covered: ■ Room and board. Medicare doe...
by Goodman60
Tue Dec 13, 2016 12:59 pm
Forum: Personal Consumer Issues
Topic: How Does Hospice Work?
Replies: 38
Views: 3636

Re: How Does Hospice Work?

Thank you for the responses so far. But no one answered the question: Did something change? Is the option to go to A HOSPICE PLACE, paid for by hospice coverage, still in existence?
by Goodman60
Tue Dec 13, 2016 12:38 pm
Forum: Personal Consumer Issues
Topic: How Does Hospice Work?
Replies: 38
Views: 3636

How Does Hospice Work?

I have some non-medical questions about how hospice care works. We have a family member who has been on home hospice care since August for an aggressive, inoperable cancer. The patient was moved to a nursing home recently as she could no longer be cared for at home. Cost to the family is about $11,0...
by Goodman60
Fri Sep 30, 2016 5:49 am
Forum: Personal Finance (Not Investing)
Topic: Step Up Basis into Credit Shelter Trust
Replies: 6
Views: 524

Re: Step Up Basis into Credit Shelter Trust

While my original question still remains unanswered, the prior responses have me wondering about this: Does the "no step up basis to spouse if transferred within 1 year of death rule" apply to JWTROS (jointly held assets too? Say Sue has $1M in a her own account. Sue gets a fatal diagnosis...
by Goodman60
Thu Sep 29, 2016 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Step Up Basis into Credit Shelter Trust
Replies: 6
Views: 524

Re: Step Up Basis into Credit Shelter Trust

Excellent point about the joint assets. But I'd still like to know the answer to the original question
by Goodman60
Thu Sep 29, 2016 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Step Up Basis into Credit Shelter Trust
Replies: 6
Views: 524

Re: Step Up Basis into Credit Shelter Trust

Of course anyone with that size estate needs legal counsel. Nevertheless, I'm trying to understand how this would work, Seems at conflict that Sue's assets can qualify to use up all or part of her estate tax exemption into the trust, yet not qualify for the step up in basis. And it seems at conflict...
by Goodman60
Thu Sep 29, 2016 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Step Up Basis into Credit Shelter Trust
Replies: 6
Views: 524

Step Up Basis into Credit Shelter Trust

It's my understanding that assets gifted to a spouse within a year of the gift receiver's death do not get the stepped up basis if the gift giving spouse is the heir. In other words, the IRS gets it that some couples might game the stepped up basis if one spouse knows he or she has a terminal illnes...
by Goodman60
Fri Sep 23, 2016 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Family Residence Into Credit Shelter Trust
Replies: 4
Views: 366

Re: Family Residence Into Credit Shelter Trust

I am learning more and more about Credit Shelter Trusts ("Bypass Trusts"). I am wondering about this. Let's say that the wife owns the family residence in her Revocable Living Trust. She dies first and her trust directs the creation of a Credit Shelter Trust for the benefit of her widower...
by Goodman60
Fri Sep 23, 2016 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Family Residence Into Credit Shelter Trust
Replies: 4
Views: 366

Family Residence Into Credit Shelter Trust

I am learning more and more about Credit Shelter Trusts ("Bypass Trusts"). I am wondering about this. Let's say that the wife owns the family residence in her Revocable Living Trust. She dies first and her trust directs the creation of a Credit Shelter Trust for the benefit of her widower....
by Goodman60
Sun Sep 18, 2016 1:37 pm
Forum: Personal Consumer Issues
Topic: Popping Gas Water Heater
Replies: 17
Views: 1800

Re: Popping Gas Water Heater

I called the local Mister Waterheater franchisee and they installed the updated version of the same Bradford White 50 gallon/fast recovery gas unit that they installed for me in 2005. It was fine (until now) the whole time. They were quick, clean and priced competitively.
by Goodman60
Sat Sep 17, 2016 5:28 pm
Forum: Personal Consumer Issues
Topic: Popping Gas Water Heater
Replies: 17
Views: 1800

Re: Popping Gas Water Heater

Flushing the tank didn't work so I had it replaced today. Thank you all for a good discussion that led me to that decision. :D
by Goodman60
Fri Sep 16, 2016 5:46 am
Forum: Personal Consumer Issues
Topic: Popping Gas Water Heater
Replies: 17
Views: 1800

Re: Popping Gas Water Heater

Dee Stroir wrote:Does it pop all the time, or only when the burner is on and exhausted gas is going out of the vent?


Not all the time. Yes when the burner is on and just after while the water is still maximum hot.
by Goodman60
Fri Sep 16, 2016 5:46 am
Forum: Personal Consumer Issues
Topic: Popping Gas Water Heater
Replies: 17
Views: 1800

Re: Popping Gas Water Heater

TimeRunner wrote:Have you drained a bucket or two out of the bottom? Doing that will help.


Should I do this or maybe even should I drain the whole tank?
by Goodman60
Thu Sep 15, 2016 7:28 pm
Forum: Personal Consumer Issues
Topic: Popping Gas Water Heater
Replies: 17
Views: 1800

Popping Gas Water Heater

My gas water heater (11 years old) makes popping sounds. I read on the internet that this is calcium deposits boiling inside and that there isn't much you can do besides replace the heater. Before I do that...and I'm really not too bent out of shape replacing an 11 year old water heater...can anyone...
by Goodman60
Thu Sep 15, 2016 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Who Pays The State Inheritance Tax
Replies: 6
Views: 909

Re: Who Pays The State Inheritance Tax

Got it. Thank you.
by Goodman60
Thu Sep 15, 2016 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Who Pays The State Inheritance Tax
Replies: 6
Views: 909

Re: Who Pays The State Inheritance Tax

delamer wrote:There is no inheritance tax due until the kids inherit.


Bruce Steiner, the post just above, says this is not necessarily the case. Where did you get this information?
by Goodman60
Thu Sep 15, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: What is a Qualifying Widow(er)?
Replies: 2
Views: 266

What is a Qualifying Widow(er)?

What is a "Qualifying Widow(er)" for income tax purposes? Can a widow or widower, with a 23 year old "child" in graduate school, who is still a dependent, qualify?
by Goodman60
Thu Sep 15, 2016 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Who Pays The State Inheritance Tax
Replies: 6
Views: 909

Who Pays The State Inheritance Tax

Because I live in Pennsylvania, I am wondering who pays the state inheritance tax in this situation. Husband and wife each have $5.4Million. Wife dies and leaves her $5.4M to a Bypass Trust for her husband then adult kids. It's my understanding that PA will tax that at 4.5%. Who pays it? The estate ...
by Goodman60
Fri Sep 09, 2016 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card After Death
Replies: 23
Views: 2529

Credit Card After Death

What happens to a credit card after death? My wife has a Chase Sapphire Preferred card in her name only and I am an authorized user. We mainly use that card to rent cars, since it's the only non-American Express card that we know of that provides primary rental car coverage. We pay the balance month...
by Goodman60
Thu Aug 25, 2016 1:52 am
Forum: Personal Consumer Issues
Topic: Qualifying for SS Disability
Replies: 16
Views: 1909

Re: Qualifying for SS Disability

Is there a downside? YES! if the person dies before you even file, then no one get's the money that that person earned through their SS tax payments. Applying is not that much of a hassle. Especially not for such a clear cut case This makes no sense to me. Please explain. If the person becomes disa...
by Goodman60
Wed Aug 24, 2016 5:20 am
Forum: Personal Consumer Issues
Topic: Qualifying for SS Disability
Replies: 16
Views: 1909

Re: Qualifying for SS Disability

Update and additional question: The family member in question has now been given an updated diagnosis and prognosis. Sadly, the brain tumor is much more aggressive than originally thought. The prognosis is 6-9 months...maybe a year...without treatment and maybe 15 months with treatment. Probably the...
by Goodman60
Sun Aug 21, 2016 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Bypass Trust Without Dying
Replies: 4
Views: 818

Bypass Trust Without Dying

It is legally acceptable to establish a trust, like a bypass trust, without dying? Let's say a wealthy Boglehead investor, single/not married, has accumulated $8M dollars in Vanguard index funds. He or she is concerned that the current $5.4M (approx) estate tax exemption might, eventually, change to...
by Goodman60
Wed Aug 10, 2016 10:53 am
Forum: Personal Consumer Issues
Topic: Qualifying for SS Disability
Replies: 16
Views: 1909

Re: Qualifying for SS Disability

I've just gone through something similar this last year. Here are some things that I learned: - You can start a claim over the phone just as easily as in person. - Basically anyone can start the application for SSDI, but after that, they will only talk to the actual person, unless you become a &quo...
by Goodman60
Wed Aug 10, 2016 10:50 am
Forum: Personal Consumer Issues
Topic: Qualifying for SS Disability
Replies: 16
Views: 1909

Re: Qualifying for SS Disability

Depending on all the facts and circumstances (including the state of residence), a person with such a disability may qualify for SSI (means tested) and/or Medicaid. I all can get very confusing. SSDI (Social Security Disability) is NOT means tested, not is Medicare. SSI and Medicaid are means teste...
by Goodman60
Wed Aug 10, 2016 7:59 am
Forum: Personal Consumer Issues
Topic: Qualifying for SS Disability
Replies: 16
Views: 1909

Qualifying for SS Disability

A family member was just diagnosed with an inoperable brain tumor and is definitely unable to work. The prognosis is that this person, age 54, might live 3-5 years with treatment. I've looked online about SS Disability and can't really find easy access to answers to these questions. Mostly I find la...
by Goodman60
Mon Jan 18, 2016 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: How Am I Doing? 18 Years of Data
Replies: 47
Views: 6146

Re: How Am I Doing? 18 Years of Data

Please review the above posts. I don't have exact amount/percentages in exact funds with a complete history going back 18 years. And it did fluctuate (lower bond durations, less stock allocation, some REIT) over time. That's the best I can tell you, honestly.
by Goodman60
Thu Jan 14, 2016 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: How Am I Doing? 18 Years of Data
Replies: 47
Views: 6146

Re: How Am I Doing? 18 Years of Data

I did some sniffing into the Wellington Fund. I see that it's 65/35. Am I correct that it SHOULD have a higher return than my 60/40 (original) and now 52/48 (was 55/45 for a long time) allocation? In other words, for the level of sort-intermediate term risk I am willing to accept, did I not do simil...
by Goodman60
Thu Jan 14, 2016 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: How Am I Doing? 18 Years of Data
Replies: 47
Views: 6146

Re: How Am I Doing? 18 Years of Data

The above chart is useful. On the one hand, I guess I am doing much better than the average investor. At least from the statistics that I hear. On the other hand, I could have just bought Wellington and been done with it. But I only know that in hindsight. And my returns have been very tax efficient...
by Goodman60
Wed Jan 13, 2016 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: How Am I Doing? 18 Years of Data
Replies: 47
Views: 6146

Re: How Am I Doing? 18 Years of Data

I prettied up one of my rough spreadsheets... This is quite valuable to me. Thank you. I never knew about the GEOMEAN function, but have now adjusted my own spreadsheet accordingly and get the numbers you come up with. Did you by any chance download the spreadsheet? And if so, were you able to run ...
by Goodman60
Wed Jan 13, 2016 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: How Am I Doing? 18 Years of Data
Replies: 47
Views: 6146

Re: How Am I Doing? 18 Years of Data

How did you keep a 60% stock portfolio from only going down 1.73% in 2001 and 3.67% in 2002? The Total Stock market lost 15% and 22% respectively in 2001,2. Likewise how did you get your 60/40 portfolio to go up 20.62% in 2009 when the total stock index only went up 28%? Also I note that Vanguard R...
by Goodman60
Wed Jan 13, 2016 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: How Am I Doing? 18 Years of Data
Replies: 47
Views: 6146

Re: How Am I Doing? 18 Years of Data

I prettied up one of my rough spreadsheets and made it compatible with Google's online spreadsheet package and added a bunch of comments showing how to build a table for irregular returns, which can then use the GEOMEAN() function to calculate the CAGR (Compound Annual Growth Rate) for a lump sum; ...
by Goodman60
Wed Jan 13, 2016 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: How Am I Doing? 18 Years of Data
Replies: 47
Views: 6146

Re: How Am I Doing? 18 Years of Data

How Am I Doing? 18 Years of Data Postby Goodman60 » Thu Jan 07, 2016 12:06 pm could you share your portfolios with us very interesting and want to learn from you Basically it's Vanguard Total Market on the equity side and short term Vanguard muni bond funds on the fixed income side. Early on I was ...
by Goodman60
Tue Jan 12, 2016 10:06 am
Forum: Investing - Help with Personal Investments
Topic: How Am I Doing? 18 Years of Data
Replies: 47
Views: 6146

Re: How Am I Doing? 18 Years of Data

OP back again. This thread was very helpful for me. First, I learned that I have been incorrectly calculating my average annual returns. Unfortunately that means I did about half a percent worse than what I originally thought. Still, I'm close to 6% over roughly a "generation" where inflat...
by Goodman60
Thu Jan 07, 2016 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: How Am I Doing? 18 Years of Data
Replies: 47
Views: 6146

How Am I Doing? 18 Years of Data

OK, how am I doing? In 1997, I finally understood that you can't time markets and pick stocks. Since then, I've had an indexed (mostly Vanguard) portfolio that was originally 60/40 and is now 52/48. I'm 56 years old and will let it drift as low as 50/50 if markets and new money make that happen. In ...
by Goodman60
Sat Dec 05, 2015 7:42 am
Forum: Personal Consumer Issues
Topic: Satellite Radio for a Car Not Specifically Wired
Replies: 15
Views: 1713

Re: Satellite Radio for a Car Not Specifically Wired

By the way, what is the current "deal" with them for service? I just got a bill for $204 each for 2 cars for 1 year of service. $408 for a year for 2 cars. Last year I got the same big bill and seem to recall that I called and got them down by about half. Do I wait and let the service expi...
by Goodman60
Fri Dec 04, 2015 11:51 pm
Forum: Personal Consumer Issues
Topic: Satellite Radio for a Car Not Specifically Wired
Replies: 15
Views: 1713

Re: Satellite Radio for a Car Not Specifically Wired

Would the phone option be a data hog?
by Goodman60
Fri Dec 04, 2015 5:48 pm
Forum: Personal Consumer Issues
Topic: Satellite Radio for a Car Not Specifically Wired
Replies: 15
Views: 1713

Satellite Radio for a Car Not Specifically Wired

I am interested in adding satellite radio to my 2014 Toyota Corolla. The car is obviously set up for it. Perhaps there is a Toyota plug in that would make it seem "factory ready". And if not, what might be some common "after market/stereo shop" options/cost?
by Goodman60
Mon Aug 31, 2015 11:58 am
Forum: Personal Consumer Issues
Topic: How Do You Find Employment Today?
Replies: 20
Views: 2998

How Do You Find Employment Today?

My wife worked for 10 years doing inside sales at a major big-box retailer. The pay was low but the family health insurance was key for us and the hours were good. She won many accolades for being the best salesperson in the region etc. Granted, it was all rah-rah with no real benefit other than con...
by Goodman60
Fri Mar 06, 2015 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Does My Daughter Need A Prenup?
Replies: 175
Views: 10158

Re: Does My Daughter Need A Prenup?

I think you have received more than a fair share of unpleasantness today, but I also think your daughter has already decided (even unconsciously) that she is not interested in a pre-nup. If she did have an interest, she would probably have asked you directly about it. I fear that you will be sorry ...

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