Search found 1084 matches

by HIinvestor
Fri Mar 24, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Dizzying Medicare options
Replies: 39
Views: 2084

Re: Dizzying Medicare options

There are basically Medicare A & B, which you are penalized if you don't get when you turn 65 or are no longer covered by an active worker insurance plan. In addition, there is Medicare D which is for prescription drugs. It can be rolled into a Medicare Advantage program that can have many diffe...
by HIinvestor
Thu Mar 23, 2017 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: How did you do your income taxes?
Replies: 74
Views: 2355

Re: How did you do your income taxes?

We use a CPA. He has to prepare a K-1 for a real estate partnership and does a nice job of handling all our business, real estate and other tax stuff so we sleep well at night. Neither H nor I feel comfortable doing our taxes ourself as well as the K-1 partnership. We have to get the K-1 to the othe...
by HIinvestor
Thu Mar 23, 2017 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off a rental property
Replies: 14
Views: 1613

Re: Paying off a rental property

We have rental properties that have no debt. We prepaid on the loans out of the cash flow to get it paid off sooner. We have an excellent property manager who takes decent care of the rentals and maintenance -- we pay him < 10% of gross rentals. The positive cash flow is useful for repairs, improvem...
by HIinvestor
Thu Mar 23, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Enrolled Agent or CPA for current issues
Replies: 18
Views: 847

Re: Enrolled Agent or CPA for current issues

I agree that what the total amount of the error would be a factor in figuring out how to go forward. We have found our accountants and CPAs by reputation and referral. Our CPA has indicated he'd represent and assist us if we are ever audited. So far, in the decades we've used CPAs, we've never been ...
by HIinvestor
Tue Mar 21, 2017 4:56 am
Forum: Investing - Help with Personal Investments
Topic: Early retirement: advice on timing, asset types and allocation
Replies: 7
Views: 1084

Re: Early retirement: advice on timing, asset types and allocation

Just curious about your thoughts on how you will get and maintain medical insurance and obtain healthcare. That is a big issue that looms larger as one ages and chronic health problems develop and require ongoing treatment and attention. Also do you ever plan to have kids? How will that affect your ...
by HIinvestor
Mon Mar 20, 2017 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6338

Re: Recommended emergency fund for middle class households: $13,800

We have cash of about a year's income as well as another year's income as our share of a joint business account. Yes it's overkill but yes, we sleep well at night. Our medical insurance has a max out-of-pocket family limit of 5 figures, including copays and Rx. We have hit that limit for individuals...
by HIinvestor
Mon Mar 20, 2017 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: Malpractice Asset Protection
Replies: 18
Views: 1046

Re: Malpractice Asset Protection

I worked at one of the best law firms in our state for five years. We NEVER pursued MDs personally. That said, they all had sufficient medical malpractice coverage and umbrellas.

Agree that communication with patient and family is key. It reduces the bad consequences of accidents tremendously.
by HIinvestor
Sat Mar 18, 2017 6:27 pm
Forum: Personal Consumer Issues
Topic: Best place to get eyeglasses / no vision insurance
Replies: 43
Views: 2786

Re: Best place to get eyeglasses / no vision insurance

We live 5 minutes from Costco and it has been our primary place for glasses and contacts for decades. The prices are reasonable, decent selection, and they provide free service including replacing glasses if they break within a year, free nose pad replacement, free adjustments. If you buy multiple p...
by HIinvestor
Thu Mar 16, 2017 11:14 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 327
Views: 36615

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Chatted with both Fidelity and Schwab about retention and transfer bonuses. Fidelity said only once in a lifetime retention bonus but regular bonuses on NEW funds brought in to Fidelity. Schwab said if I transferred funds into accounts there do my total with them reached milestones such as $1mm, cou...
by HIinvestor
Wed Mar 15, 2017 10:06 pm
Forum: Personal Consumer Issues
Topic: Preparing financially for our funerals - prepay or not?
Replies: 113
Views: 8769

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

On a related but different note, we bought insurance for my FIL that would and did return his body to HI (from SF) if he died out of state. It was the best $250-500 we ever spent! I believe we may have purchased the casket from Costco as well, but at this point I'm a bit fuzzy on that. Our loved one...
by HIinvestor
Wed Mar 15, 2017 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement
Replies: 3
Views: 451

Re: Retirement

Just curious if you've considered an annuity? Since you're older, it would likely have a higher payout than for the younger folks. It can be a good option to consider and supplement your income and social security. That's something we would consider if we didn't have a pension and wanted to guarante...
by HIinvestor
Wed Mar 15, 2017 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 101
Views: 9458

Re: Early Retirement - what to do about healthcare?

I'm not sure it is very financially sound to even count on ANY subsidy going forward. The healthcare landscape is definitely under intense scrutiny presently and may well change quite a bit sooner than later. Future subsidies (if any) may also consider all assets of the individual(s), more like fina...
by HIinvestor
Wed Mar 15, 2017 8:59 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2541
Views: 650706

Re: What Movie Have You Recently Watched?

Logan was a bit violent (of course) but interesting. Just saw Kong in Skull Island. It was well done, and again a bit violent (H is choosing these movies). I really enjoyed Hidden Figures with one of my best friends and felt it was extremely well acted and gave a flavor of the time period; we both l...
by HIinvestor
Wed Mar 15, 2017 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 101
Views: 9458

Re: Early Retirement - what to do about healthcare?

I agree that this is a huge issue and hitting out-of-pocket maximums has already happened for us several times, including for our D when she was a teen and for me a few times because though I am mostly in good health, I do have some chronic health issues. There is talk of having premiums for older a...
by HIinvestor
Mon Mar 13, 2017 12:12 am
Forum: Personal Finance (Not Investing)
Topic: To buy or rent?
Replies: 25
Views: 2041

Re: To buy or rent?

A big question is whether or not you could get a similar rental at comparable price if the owner/LL decides for whatever reason to stop renting to you (e.g. sells it or wants to occupy it himself or have a loved one occupy it). Then there's always the hassle factor of moving and some folks enjoy fix...
by HIinvestor
Sun Mar 12, 2017 8:39 pm
Forum: Personal Consumer Issues
Topic: gratuitous homeownership items
Replies: 215
Views: 15830

Re: gratuitous homeownership items

Our large dining table is useful for sorting financial docs, doing projects and every once in awhile, dining. :D
by HIinvestor
Sun Mar 12, 2017 8:23 pm
Forum: Personal Consumer Issues
Topic: gratuitous homeownership items
Replies: 215
Views: 15830

Re: gratuitous homeownership items

Thought we'd use the patio and gazebo/trellis in the backyard a lot more than we are. Due to bugs, we rarely use either. The backyard is a nice buffer for noise though. H does use the smoker in the patio, to make fab smoked turkey. Otherwise our home is quite functional and efficient. It does have a...
by HIinvestor
Sun Mar 12, 2017 5:59 pm
Forum: Investing - Theory, News & General
Topic: Do I need a separate emergency fund?
Replies: 15
Views: 1383

Re: Do I need a separate emergency fund?

Everyone has a different comfort level. We like having liquidity but recognize it reduces the pool of assets that are "working for us," but also buffers the likelihood we will ever need to withdraw funds during a market dip. We have some CDs, some hefty checking accounts as well. It works ...
by HIinvestor
Sun Mar 12, 2017 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: What to do w/ some short-term monies?
Replies: 8
Views: 549

Re: What to do w/ some short-term monies

If you want a CD, Andrew's FCU and PenFed FCU both have 15 month CDs @ 1.4% interest, if that interests you. Those are the highest rates in aware of.
by HIinvestor
Sun Mar 12, 2017 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a joint (checking vs. savings?) account to save/pay for a wedding...advice?
Replies: 15
Views: 1115

Re: Opening a joint (checking vs. savings?) account to save/pay for a wedding...advice?

What is it you find attractive about Chase and Ally? How much money and how long a time period will these funds be held? The larger the amount, held for a longer the time period, the more potential interest that could accrue you are talking about. One thing about some banks--some charge a fee to ope...
by HIinvestor
Sat Mar 11, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney Issue/Question
Replies: 62
Views: 3569

Re: Power of Attorney Issue/Question

It's best to talk to whomever is holding your assets and ask them for their form for POA, especially durable POA forms and use those forms so they will honor them. My relative works as counsel for a bank and says that is clearly the safest way to go so you don't have any awkward surpasses when you m...
by HIinvestor
Sat Mar 11, 2017 5:11 pm
Forum: Personal Consumer Issues
Topic: What's in Your Lock Box (Essential Documents)
Replies: 6
Views: 695

Re: What's in Your Lock Box (Essential Documents)

Safety Deposit Boxes are awesome and inexpensive for things that could be damaged from the intense heat of a fire or other catastrophe.
by HIinvestor
Sat Mar 11, 2017 12:54 pm
Forum: Personal Consumer Issues
Topic: cost of Solar Power
Replies: 95
Views: 6182

Re: cost of Solar Power

When we were all in the market to buy photovoltaic, you could call the various companies and tell them your average electric bill and they could send you a free preliminary quote over the Internet and if you were interested, they'd send someone over for a final quote, including an inspection of your...
by HIinvestor
Sat Mar 11, 2017 12:48 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 131
Views: 20522

Re: USAA 2.5% Cash Back Credit Card

The rewards are not visible on the printed statement but you can see them on your online account. The default is for them to remain in your account and accumulate. I will let the sun grow until it's a few hundred $$$$ and then get a check. I like having a check and running it through our primary acc...
by HIinvestor
Sat Mar 11, 2017 12:43 am
Forum: Personal Consumer Issues
Topic: cost of Solar Power
Replies: 95
Views: 6182

Re: cost of Solar Power

Ours cost about $12K for our needs and we got about 65% rebate for state and fed taxes. Yep,meet cost after rebates was about $4K. We have a small home and no A/C and no heating. Price depends a great deal on how much sun your home gets, whether your roof is suitable or you need to mount it speciall...
by HIinvestor
Fri Mar 10, 2017 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Total Annual Expenses
Replies: 57
Views: 3895

Re: Total Annual Expenses

We basically live on H's pension and RMDs on his 401k. This covers everything, including taxes and unexpected large expenses. The other RMDs and dividends and rental income we end up saving or gifting to our kids. At some point, I will get SS also, which I plan to save or help fund a grandkid's educ...
by HIinvestor
Thu Mar 09, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: FI, early retirement at 40, how to get relevant tax advice?
Replies: 46
Views: 5349

Re: FI, early retirement at 40, how to get relevant tax advice?

Have you figured out what medical insurance you, your spouse and kid will have for the next 25 years, until you are Medicare-eligible? That can cost a lot and may not provide the protection you might expect or wish for. There is a lot of uncertainty at this time nationally about what medical insuran...
by HIinvestor
Thu Mar 09, 2017 12:28 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2541
Views: 650706

Re: What Movie Have You Recently Watched?

We saw Logan last night. I am unfamiliar with x-men and the whole comic genre, but found it interesting, especially upon learning that Hugh Jackman has been playing this character for 17 years. It was rather dark much of the time but it seemed well done. H loved it, which is why we were there anyway...
by HIinvestor
Wed Mar 08, 2017 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Searched forum, unsuccessful, how to find doctors who take Medicare
Replies: 62
Views: 3035

Re: Searched forum, unsuccessful, how to find doctors who take Medicare

H was a lifelong federal employee. He and I are covered by Medicare as primary and BCBS as secondary. I believe the terms of the policy state that reimbursement is as if Medicare is primary regardless of whether he remains on Medicare. Even dropping Medicare would NOT increase reimbursement for his ...
by HIinvestor
Wed Mar 08, 2017 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: How to advise coworkers on 401k choices
Replies: 26
Views: 1177

Re: How to advise coworkers on 401k choices

"If you Can" by Dr. William Bernstein is still a FREE kindle unlimited ebook or $.99 to buy. As a paperback, it's $2.99 used and up. Periodically it's free as well. https://www.amazon.com/dp/B00JCC5JKI/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1 They can borrow "The Richest Man i...
by HIinvestor
Wed Mar 08, 2017 3:43 pm
Forum: Personal Consumer Issues
Topic: How to Die
Replies: 167
Views: 22552

Re: How to Die

My dad has repeatedly said he wants EVERYTHING and my older sis and brother have told dad they will make sure he gets EVERYTHING. Me, I want to die quietly in my sleep and do not want futile medical treatment nor CPR. My mom has expressed no opinion, but I suspect my older sis and brother will simil...
by HIinvestor
Tue Mar 07, 2017 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank for managing accounts from different entities, trusts, businesses, etc....
Replies: 12
Views: 728

Re: Best bank for managing accounts from different entities, trusts, businesses, etc....

Well, I have no experience with trusts, but can say that so far, I've been happy with most of my financial institutions. I have accounts at Fidelity, Schwab, PenFed Credit Union, USAA, and several local institutions. I haven't tried consolidating all of them, but do open and close various accounts a...
by HIinvestor
Tue Mar 07, 2017 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: 50/50 Split of Inheritance for Brothers in 28% and 10% Bracket
Replies: 22
Views: 1331

Re: 50/50 Split of Inheritance for Brothers in 28% and 10% Bracket

I've heard of lots of "hard feelings" that develop when there are uneven splits of inheritances, that may never go away. One thing that should also be kept in mind is that the "poor" heir may lose benefits by the inheritance and/or mis-manage the windfall so that he may end up ha...
by HIinvestor
Tue Mar 07, 2017 5:39 pm
Forum: Personal Consumer Issues
Topic: 3d Printers? Anyone into this hobby?
Replies: 8
Views: 650

Re: 3d Printers? Anyone into this hobby?

H and I have only seen them in action at "Maker" fairs and the Chicago Public Library, but did notice the fumes, which were quite strong. At the fair, they did mention that folks can drop by and for a fee use the equipment, so that's what I thought would make more sense than buying equipme...
by HIinvestor
Tue Mar 07, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: At what age did you drop life and disability insurance?
Replies: 56
Views: 3381

Re: At what age did you drop life and disability insurance?

We have opted to keep H's level term insurance because it's got level premiums that haven't ever been raised and it would provide a nice cushion while sorting out the estate. The premiums are paid for by annual premium rebates we get from an old insurance policy H bought decades ago that as paid up ...
by HIinvestor
Tue Mar 07, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Options
Replies: 41
Views: 1922

Re: Pension Options

See if she can roll it over into an IRA or 401K without tax consequences. If she can do that, it would be my top choice. My 2nd choice would be to take the funds, pay the tax and re-invest. 40 years is a LONG time! Good luck!
by HIinvestor
Tue Mar 07, 2017 4:38 pm
Forum: Personal Consumer Issues
Topic: 3d Printers? Anyone into this hobby?
Replies: 8
Views: 650

Re: 3d Printers? Anyone into this hobby?

In our community and I suspect others, there are 3D printers out there that can be used at community centers for a fee. It might be worthwhile exploring this before you commit to purchasing your own. This way, the community center would be responsible for making sure the printer continues to functio...
by HIinvestor
Tue Mar 07, 2017 4:33 pm
Forum: Personal Consumer Issues
Topic: Buying a rental car.. Any new experience?
Replies: 76
Views: 4464

Re: Buying a rental car.. Any new experience?

Our relatives have purchased several rental cars and been quite pleased. They've generally purchased from Hertz. One sister and her H have purchased about 4 cars over the years from Hertz--while I've known BIL, that's the only way they will purchase a vehicle. My other sister has purchased at least ...
by HIinvestor
Tue Mar 07, 2017 3:41 am
Forum: Personal Finance (Not Investing)
Topic: Gift to Child for Roth IRA
Replies: 13
Views: 750

Re: Gift to Child for Roth IRA

As long as your child has at least $5,500 in earned income for the relevant time period, this is a great idea to help your child build retirement funds. Understand that once it is given, the child controls it and COULD withdraw and blow it all and need to pay penalties in the withdrawal.
by HIinvestor
Tue Mar 07, 2017 3:33 am
Forum: Personal Finance (Not Investing)
Topic: Searched forum, unsuccessful, how to find doctors who take Medicare
Replies: 62
Views: 3035

Re: Searched forum, unsuccessful, how to find doctors who take Medicsre

Ok, this thread has really gotten me motivated to find a new internist now, before I am on Medicare. I start asking around for YOUNGER internists that will stay in practice. I currently have some years before I am Medicare-eligible. My own internist says his wife can't find an internist. Yikes! Late...
by HIinvestor
Tue Mar 07, 2017 3:08 am
Forum: Personal Finance (Not Investing)
Topic: Selecting health insurance during pregnancy
Replies: 21
Views: 1107

Re: Selecting health insurance during pregnancy

I'm just curious about whether all these gyrations are necessary and whether it might be better to just gave one family plan for all of you including the baby until the next open season. Having a baby is a qualifying event, but I'm pretty sure it's only qualifying for the baby. Please be aware babie...
by HIinvestor
Mon Mar 06, 2017 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Explain how health insurance deductible works
Replies: 19
Views: 636

Re: Explain how health insurance deductible works

OP, your HR person should be able to give you a full copy of your policy, so you can read it to find out which things are exempt from having to meet the deductible. Under the ACA, things such as well child checks ups, shots, and other important preventative care are covered under insurance and you h...
by HIinvestor
Mon Mar 06, 2017 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 176
Views: 14550

Re: How Much in Your Emergency Fund And Is It Used?

Personally, I wouldn't consider stocks or similar good investments for an emergency fund because I would be unwilling to liquidate during a bear market, which could last for a considerable time period. I also only put things on our charge card that we will pay off in full before the balance is due b...
by HIinvestor
Mon Mar 06, 2017 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab brokerage incentive $2,500 - - - thoughts?
Replies: 35
Views: 5068

Re: Schwab brokerage incentive $2,500 - - - thoughts?

Currently, I've read that it's a $500 cash bonus for a $100K of new money to Schwab. I'm checking to see what retention bonus they will give for us keeping our current accounts with them. Fidelity was willing to work with us but so far and offered us $700 for keeping our funds and up to $2500 if we ...
by HIinvestor
Mon Mar 06, 2017 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 176
Views: 14550

Re: How Much in Your Emergency Fund And Is It Used?

We have two 5-figure CDs that we could cash if needed with very little (if any) penalty. Additionally, we have a few 5 figure accounts at local banks and a few at other institutions that are all earning very little interest. We also have some US Savings Bonds that could be quickly liquidated, as wel...
by HIinvestor
Mon Mar 06, 2017 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Is Early Retirement A Realistic Goal???
Replies: 13
Views: 1393

Re: Is Early Retirement A Realistic Goal???

If you're able to switch from working at your business to working somewhere else full or part time to prevent having to draw down on your savings/investments, they would last a LOT longer. 41/43 is very young and how will you get medical insurance coverage? That can cost quite a bundle between your ...
by HIinvestor
Mon Mar 06, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Health Insurance
Replies: 8
Views: 602

Re: Buying Health Insurance

Just a data point in case anyone on this thread is flirting with the idea of going without insurance "for awhile." This year, our insurer sent us a printout of the total in medical bills that we received for services rendered for H, me and D. The total was over $100,000 and that was for re...
by HIinvestor
Mon Mar 06, 2017 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Wedding cash gift
Replies: 68
Views: 3573

Re: Wedding cash gift

Congratulations! I guess one of the big questions is what does the bride want? It's important that you are BOTH happy with however you decide to celebrate this milestone. I have performed weddings at the beach, where the couple and a few loved ones are with them and they go off and have a nice meal ...
by HIinvestor
Mon Mar 06, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 6893

Re: How much do you spend on food in a year?

Our food budget has varied wildly, depending on our finances. When we were struggling and relatively poor, we spent most of our money on our mortgage and kids. We ate at home 90% of the time or more and had a meager food budget, since I cooked most meals and H packed lunch every day (peanut butter s...
by HIinvestor
Mon Mar 06, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Health Insurance
Replies: 8
Views: 602

Re: Buying Health Insurance

Some alumni associations from different Us used to offer medical insurance to the alums--you might check with the schools you and your spouse graduated from. Some professional orgs also offer medical insurance to folks belonging to their org--you can check with any you belong to. If you are a studen...

Go to advanced search