Search found 1098 matches

by HIinvestor
Sat May 06, 2017 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Stay home with kids?
Replies: 103
Views: 7213

Re: Stay home with kids?

Choices and having options is a nice place to be. As others have already stated and you have already figured out, financially, your family can afford to do whatever you and they think is best for you and them. Outsourcing "drudge" stuff, cutting back on work schedules, to quitting jobs ent...
by HIinvestor
Fri May 05, 2017 9:12 pm
Forum: Investing - Theory, News & General
Topic: Financial Literacy
Replies: 27
Views: 2223

Re: Financial Literacy

I figured it provides some fodder for discussion and of course, YMMV. I pretty much ignored the questions on annuities but I think it's useful to know what's out there and available to the public.

I found it informative to know how many people that answered many of the questions got them wrong.
by HIinvestor
Fri May 05, 2017 3:52 pm
Forum: Investing - Theory, News & General
Topic: Financial Literacy
Replies: 27
Views: 2223

Financial Literacy

Here's a quick quiz to help you figure out if you need to bone up on any financial info. It's a multiple choice quiz that doesn't ask any personally identifying info. Try it!

http://retirement.theamericancollege.ed ... MSFd61514f
by HIinvestor
Mon May 01, 2017 8:24 pm
Forum: Personal Consumer Issues
Topic: Kamado grill
Replies: 30
Views: 3130

Re: Kamado grill

My H got one of the original ceramic ones decades ago and has been using it to smoke turkeys for Christmas and New Year's. It IS heavy and takes some care but makes the best smoked turkey!

We have no experience with the Costco Big Green Egg, but gave seen it there and the price is decent.
by HIinvestor
Mon May 01, 2017 8:17 pm
Forum: Personal Consumer Issues
Topic: Cost of Estate Planning
Replies: 33
Views: 4014

Re: Cost of Estate Planning

As this thread shows, "it depends." Our personal banker said the attorneys the bank recommended would do all our estate docs for $1000 or less. My relative who is Coro counsel for a bank recommended the son of the late probate judge who gave us a quote of $3500 or so. We really liked him a...
by HIinvestor
Mon May 01, 2017 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: If you had 30,000 dollars to invest in your future, how would you do it?
Replies: 49
Views: 4973

Re: If you had 30,000 dollars to invest in your future, how would you do it?

You may wish to check your local community college and instate public U for any courses in fields that may be if interest. A degree and/or license can help you qualify for better-paying jobs with opportunities for promotions and raises
by HIinvestor
Mon May 01, 2017 7:59 pm
Forum: Personal Consumer Issues
Topic: Roomba or competitor?
Replies: 16
Views: 1995

Re: Roomba or competitor?

H and I have 2 Roombas. Each of our adult kids also has a Roomba. We prefer Roombas from Costco, so we can return if we have any problems and the price is relatively reasonable. We have been able to get parts as needed from eBay, Amazon and Bed Bath & Beyond at relatively adorable prices as well...
by HIinvestor
Mon Apr 03, 2017 9:22 pm
Forum: Personal Consumer Issues
Topic: Dream vacation spots?
Replies: 81
Views: 8368

Re: Dream vacation spots?

I've loved Yellowstone, Grand Tetons, Mt Rushmore, Zion, Bryce, Mt Ranier, Crater Lake, Sequioia Bationsl Patk, Mesa Verde, Petrified Forest, Muir Woods, Lake Tahoe, Yosemite, and we are going to Glacier National Park. I love the great outdoors! Have also enjoyed Alaska and long to return, especiall...
by HIinvestor
Mon Apr 03, 2017 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Some Credit Cards Make You Spend More?
Replies: 69
Views: 4120

Re: Some Credit Cards Make You Spend More?

We pay more than many minimum spends for our regular estimated taxes for IRS. Getting a nice bonus when you pay the estimated taxes doesn't make me spend more for the taxes. I admit, I could just write a check or do an electronic check payment for the price of a stamp or $1 processing fee, but it's ...
by HIinvestor
Mon Apr 03, 2017 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 24371

Re: Low-earners- What is your profession?

My H earned well under $100,000 most of our marriage--under $50,000 for most of it as well. He was a computer systems analyst for the fed govt and had a bunch of different jobs and titles over the 45 years there. I run a nonprofit and make less than I donate to it. When our kids were in college and ...
by HIinvestor
Mon Apr 03, 2017 10:45 am
Forum: Personal Consumer Issues
Topic: Where to buy new iPhone
Replies: 32
Views: 2637

Re: Where to buy new iPhone

S bought our iPhones at the Apple Store using his Discover Card. He got 10% discount or maybe it was more and a warranty via the credit card, so Discover reimbursed for replacing cracked phone screens. That was 1/2016, so you have to check current promotions. We like that the phone is totally unlock...
by HIinvestor
Wed Mar 29, 2017 11:23 pm
Forum: Personal Consumer Issues
Topic: quickest or best way to learn Spanish?
Replies: 39
Views: 2848

Re: quickest or best way to learn Spanish?

I've been doing Duolingo--no stress. It's helped me recall some of my 6-7 years of taking Spanish lessons. Lost the HS and college grammar, but it's pretty fun ok.
by HIinvestor
Sun Mar 26, 2017 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Child Planning Checklist
Replies: 42
Views: 3049

Re: Child Planning Checklist

We have never bought dressers to this day. We got hand-me-down ones that were going to be tossed by my folks and refurbished. They are all full-size and still as good as they were when we refinished them decades ago. We just borrowed cribs and I believe a playpen (S liked to be put in it so baby sis...
by HIinvestor
Sun Mar 26, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Hospital billing nightmare
Replies: 26
Views: 2402

Re: Hospital billing nightmare

For the $30/month more, it might be worth having baby in BOTH insurance plans so baby is dually enrolled and get better coverage. You can always drop baby from coverage but can only add during qualifying event. I'd talk with your HR person at work about the medical insurance and see if they have som...
by HIinvestor
Fri Mar 24, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Dizzying Medicare options [in Massachusetts]
Replies: 64
Views: 3936

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: 96
Views: 4553

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: 1766

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: 20
Views: 1138

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: 1187

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: 6870

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: 1230

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: 3356

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: 378
Views: 47065

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: 9144

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: 489

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: 10976

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: 2683
Views: 733213

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: 10976

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: 2244

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: 218
Views: 18839

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: 218
Views: 18839

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: 1489

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: 607

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: 16
Views: 1360

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: 3939

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: 877

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: 6798

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: 171
Views: 27678

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: 6798

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: 4192

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: 5726

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: 2683
Views: 733213

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: 3334

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: 1327

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: 23670

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: 820

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: 1403

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: 717

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: 3793

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: 2184

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!

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