Search found 1462 matches

by HIinvestor
Wed Apr 18, 2018 4:10 am
Forum: Personal Finance (Not Investing)
Topic: Please help figuring out cost of medical treatment(s)
Replies: 8
Views: 698

Re: Please help figuring out cost of medical treatment(s)

Sometimes there are organizations that MAY help you navigate. For example, folks with a genetic form of COPD can contact the national organization, Alpha1 Foundation and AlphaNet and they help patients get their expensive meds and a healthcare provider to infuse it. Id look for the national org for ...
by HIinvestor
Tue Apr 17, 2018 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Account for Adult Children Allowing Parent Some Control
Replies: 31
Views: 2906

Re: Account for Adult Children Allowing Parent Some Control

My relative set up joint accounts in each of his adult kids SSNs. The trouble is they are all in 25% or higher marginal tax brackets and this year the relative made short term capital gains. Each of the adult relatives was hit with extra taxes of $8000 to $22,000! They have asked for the funds to pa...
by HIinvestor
Tue Apr 17, 2018 4:56 am
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 77
Views: 6843

Re: Wanting to leave Fidelity

We have accts at Fidelity, Schwab and Vanguard. So far we’ve been fine will all of them. Only ever had problems with Wells Fargo, trying to get them to transfer the IRA of deceased relative. They wanted to give it to state of CA! :-( We like that Schwab has bricks and mortar office in Honolulu and w...
by HIinvestor
Mon Apr 16, 2018 6:25 pm
Forum: Personal Consumer Issues
Topic: Costco gas
Replies: 67
Views: 5327

Re: Costco gas

I buy Costco gas if I’m 1/2 tank or less and am in the area where there is a Costco that sells gas. We only buy maybe 2-3 tanks if gas per month between our two vehicles (don’t drive much), so it doesn’t bake sense to us to put a ton of effort into finding the least expensive source. I personally do...
by HIinvestor
Thu Apr 12, 2018 1:33 am
Forum: Personal Finance (Not Investing)
Topic: My PCP Won't See Me After Auto Accident - How to Handle With Insurance Company?
Replies: 39
Views: 3837

Re: My PCP Won't See Me After Auto Accident - How to Handle With Insurance Company?

The reason docs don’t want to treat injuries related to auto accidents is they don’t want to have to have their staff deal with producing medical records, possibly having to appear at depositions and generally disrupt their practice as well as not knowing if and when they will be paid. Paying up fro...
by HIinvestor
Wed Apr 11, 2018 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: My PCP Won't See Me After Auto Accident - How to Handle With Insurance Company?
Replies: 39
Views: 3837

Re: My PCP Won't See Me After Auto Accident - How to Handle With Insurance Company?

Call the hospital where you were treated and ask whom to be seen for follow up after the accident because your PCP won’t see you since it was related to auto accident. They should be able to direct you. If they won’t, ask your medical or auto insurer. Both may have suggestions.
by HIinvestor
Tue Apr 10, 2018 3:13 am
Forum: Personal Finance (Not Investing)
Topic: Parents have zero savings. What can I do?
Replies: 168
Views: 13802

Re: Parents have zero savings. What can I do?

Yikes! I’m so sorry to read about the many whose elders are financially irresponsible and don’t seem interested in improving the situation. It sounds very frustrating!

It would be lovely to read some good and effective solutions which have worked.
by HIinvestor
Mon Apr 09, 2018 4:23 am
Forum: Personal Finance (Not Investing)
Topic: Job search advice for a soon-to-be engineering grad...
Replies: 41
Views: 1869

Re: Job search advice for a soon-to-be engineering grad...

If he’s interested, the Fed govt hires engineers too for a lot of jobs. Attending engineering career fairs was something our S always made a point of doing (the Fed govt recruited there and online). He also worked with the engineering career counseling center. I’d suspect Vanderbilt has one too. He ...
by HIinvestor
Sun Apr 08, 2018 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10604

Re: What age is the best to give a child control of an inheritance?

My S and nephew-IL both got most of the Boglehead concepts with no coaching from me. S is an engineer and NIL is a MD. My MD niece leaves it all to NIL. My other nieces also leave finances to their respective Hs. I think it’s pretty clear by 30 or so whether folks can handle finances responsibly. Of...
by HIinvestor
Sun Apr 08, 2018 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 12356

Re: Ivy school education. Is it worth it?

This is the old “big fish in a small pond” or “ordinary fish in bigger pond” argument. In schools where there is a lot more “talent,” you will likely have to do more to stand out than in a school where you are one of the top students who were admitted. If you want to do research or get a job in your...
by HIinvestor
Sat Apr 07, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Engineering: Quality of school vs. specialized niche degree
Replies: 52
Views: 3279

Re: Engineering: Quality of school vs. specialized niche degree

Our S majored in EE. He has had attractive options, including job offers to be nuclear engineer, and is currently working for the fed govt doing robotics, wearable tech, project management and flying drones, among other duties. The EE degree gives him a pretty big range of options and he’s happy. He...
by HIinvestor
Thu Apr 05, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: How to find a quality Estate Planning Attorney?
Replies: 12
Views: 884

Re: How to find a quality Estate Planning Attorney?

Our bank recommended some estate attorneys. We also asked a relative who is counsel for a bank. The relative mentioned a nice guy who specializes in estates who is in his early 40s. We have been very happy with him. He’s been available to answer our questions as they pop up and has come to our home ...
by HIinvestor
Thu Apr 05, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Recommendations
Replies: 43
Views: 3571

Re: Credit Card Recommendations

We like USAA as our primary CC. It has no annual fee and 2% cash back if you have monthly direct deposit of at least $1000 into checking acct (we do a transfer from another checking acct). We also like Chase Sapphire Preferred for car rental insurance and travel insurance. It gives points that D red...
by HIinvestor
Wed Apr 04, 2018 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: [Wells Fargo Visa 3% Foreign Exchange fee]
Replies: 58
Views: 2659

Re: WF Visa 3% FX fee

The Costco Citibank visa has no forex fee and no annual fee.
by HIinvestor
Tue Apr 03, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Second Marriage & Beneficiaries Conundrum
Replies: 50
Views: 4182

Re: Second Marriage & Beneficiaries Conundrum

One other question to consider—are you sure there will be sufficient assets for the survivor to live comfortably after the kids of 1st to die take their inheritances? What happens if the survivor runs out of assets? (Of course if there are huge assets, this may never happen, but care later in life c...
by HIinvestor
Tue Apr 03, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Saving For Retirement as a Millennial
Replies: 28
Views: 2333

Re: Saving For Retirement as a Millennial

Our S is 30. So far, he has resisted the urges to buy a nice new car as he drove one used car and now a 2nd used car until they stop working. Both cars were/are “hand me downs,” but very reliable vehicles. Like you he has prioritized savings and has built up an emergency and retirement fund. Unlike ...
by HIinvestor
Sun Apr 01, 2018 4:32 am
Forum: Personal Finance (Not Investing)
Topic: Should I loan my child money for college?
Replies: 73
Views: 5215

Re: Should I loan my child money for college?

One of our kids did start her post HS Education by taking 3 semesters of CC before transferring into an excellent private U. Her CC was very inexpensive and all but 1 class transferred. Her CC prepared her well for the competitive college she transferred to.
by HIinvestor
Sat Mar 31, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Federal survivor benefit decision help needed
Replies: 19
Views: 1393

Re: Federal survivor benefit decision help needed

My H opted for the max survivor benefit for me and I am grateful. It reduced our monthly pension payout by 10% but I could survive H by many years, especially since he’s many years older than I and my parents are still alive in their 80s/90s. The amount we would have saved by buying a life term insu...
by HIinvestor
Sat Mar 31, 2018 9:05 pm
Forum: Investing - Theory, News & General
Topic: Got a Question for the Experts Panel at the Bogleheads Conference?
Replies: 11
Views: 3209

Re: Got a Question for the Experts Panel at the Bogleheads Conference?

Any suggestions on how to have low cost, broad index fund investing while not having investments in particular industries such as tobacco, weapons, guns, alcohol?
by HIinvestor
Sat Mar 31, 2018 4:37 am
Forum: Personal Finance (Not Investing)
Topic: When did you know your kids would go to college?
Replies: 91
Views: 4038

Re: When did you know your kids would go to college?

We had always expected our kids would attend college and D didn’t know that not ALL people attended and graduated college until she was a teenager and heard some of her public school peers talk about what to do after graduating from HS. (To be fair, my parents have advanced degrees, as do I and most...
by HIinvestor
Sat Mar 31, 2018 4:06 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 617
Views: 64046

Re: Picking College and College Scholarships

OP congrats and best wishes to your son. Sounds like he has some nice options. One thing our S thought about when he was a HS SR and thought he wanted engineering but wasn’t SURE, since he really had not much to base it on other than enjoying and doing well in math, physics, problem solving and comp...
by HIinvestor
Thu Mar 29, 2018 9:11 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 8893

Re: What is the endgame for Millennials?

We have 2 millenials. One has been employed full-time since before graduating from college. He earns 2x his salary at his part-time online job but keeps the full-time job for security and benefits. His net worth is way higher than H or I had at his age with a significant emergency fund of several mo...
by HIinvestor
Wed Mar 28, 2018 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Should we save for our son's college?
Replies: 94
Views: 7526

Re: Should we save for our son's college?

We saved for our kids’ college and our income was a small fraction of yours. We were glad we did because it allowed both our kids to consider many more Us than we would’ve been able to if we had no savings. We saved enough so both kids could have 4 years at our in-state public, living in the dorm by...
by HIinvestor
Wed Mar 28, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Cosign college loan for sibling?
Replies: 87
Views: 3782

Re: Cosign college loan for sibling?

Law schools are 3 years and many starting attorneys are NOT making 6 figures, if they can even get hired as attorneys. There is a reason the bank won’t loan to your brother or your dad—they don’t have the apparent ability to repay the loans.
by HIinvestor
Wed Mar 28, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Cosign college loan for sibling?
Replies: 87
Views: 3782

Re: Cosign college loan for sibling?

H and I would NOT co-sign any loans for any of my siblings and my parents would not ask me. That said, I’d find out what the balance remaining on your educational loans is and immediately repay your dad, even in you need a home equity loan. If you know what the total amount borrowed on your behalf w...
by HIinvestor
Wed Mar 28, 2018 4:22 am
Forum: Investing - Theory, News & General
Topic: Retirees: Do you spend all your "income"?
Replies: 46
Views: 4239

Re: Retirees: Do you spend all your "income"?

What about rental income? Is this part of income? What are RMDs from 403 and IRAs? Not sure what % we spend of H’s pension and RMD from his 403. We don’t spend our rental income nor our IRA RMDs, so far. H retired 5 years ago. Our nest egg continues to grow, tho we gift generously to our young adult...
by HIinvestor
Tue Mar 27, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 6428

Re: Grass is always greener, federal edition

H was a lifetime federal employee (45 years). We had decades of lean years but he mostly had a nice work-life balance. He finally retired and gets a nice pension and RMDs from TSP plus the fed govt pays the bulk of our medical insurance premiums. It was such a good model that S has opted to work for...
by HIinvestor
Mon Mar 26, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How does your retirement spending compare to pre-retirement spending?
Replies: 48
Views: 6331

Re: Retirees: How does your retirement spending compare to pre-retirement spending?

Our income went up a lot in retirement, so we spend more than we did when we had little to no disposable income. Our fixed expenses also went down significantly, since we finished paying off our mortgage and all our kids’ ed expenses. We spend much more than we used to on dining out and travel, as w...
by HIinvestor
Sat Mar 24, 2018 3:45 am
Forum: Personal Finance (Not Investing)
Topic: changing my signature when signing checks and credit card receipts
Replies: 47
Views: 3232

Re: changing my signature when signing checks and credit card receipts

I have noticed that banks are more particular that your signature matches what they have on file when it’s on a larger check (4 figures or more). They don’t tend to bother much with the smaller checks.
by HIinvestor
Wed Mar 21, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Home equity as part of retirement plan
Replies: 59
Views: 3579

Re: Home equity as part of retirement plan

Be aware that for some communities, the sale of your primary residence and purchase into a SR living community are not an exchange, allowing you to exclude the first $500K in long term capital gain from your proceeds. That is the case for my folks who had to buy into their SR living community. They ...
by HIinvestor
Wed Mar 21, 2018 4:16 am
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 63
Views: 10150

Re: Terminal illness with small kids

No, any amount over $15k/person /year requires a gift tax return to be filed but no payment to fed govt of any gift tax until you exceed you lifetime max of $5.4 million/person.
by HIinvestor
Wed Mar 21, 2018 3:30 am
Forum: Personal Finance (Not Investing)
Topic: help! I want to treat heirs equally
Replies: 38
Views: 5221

Re: help! I want to treat heirs equally

Just to add, with some families, no matter what people will find a way to be offended and find it unfair. With other families, they really are happy if their loved ones are provided for, even if that means they receive less or even nothing. We try to make significant gifts while we are alive to watc...
by HIinvestor
Mon Mar 19, 2018 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Retire at 38?
Replies: 118
Views: 12545

Re: Can I Retire at 38?

Life is about trade offs. What will you get vs what will you give up by retiring now at 38. You do need to calculate what you spend each year + how much your medical insurance and costs will be annually. Do you plan to stay in CA, with its HCOL or relocating and where? Funding for your kids educatio...
by HIinvestor
Mon Mar 19, 2018 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Best Way to Leave Inheritance - IRA or Home Equity?
Replies: 17
Views: 2118

Re: Best Way to Leave Inheritance - IRA or Home Equity?

Dunno,our S is 30 and has a 6 figure net worth that keeps growing. I personally don’t see him destroyed by any inheritances or gifts we give him now or in the future. Our D has a 5 figure net worth and so far has handled all the cash gifts she’s received well. I don’t know the future but don’t see h...
by HIinvestor
Mon Mar 19, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement will cost the average American $828,000
Replies: 36
Views: 5871

Re: Retirement will cost the average American $828,000

Well, IF one has a good Medicare supplement or Medigap plan or insurance plan, there IS no bill after the Medicare + other coverage. That’s how things work for H between Medicare and his medical insurance coverage.
by HIinvestor
Mon Mar 19, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement will cost the average American $828,000
Replies: 36
Views: 5871

Re: Retirement will cost the average American $828,000

H and I are each spending over $46,000/yr in retirement. We have been doing so since H retired 5+ years ago and will be able to continue doing so indefinitely with H’s pension, real estate rentals and retirement RMDs.

We do live in a VHCOL living area but have no debt nor mortgage.
by HIinvestor
Sun Mar 18, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Best Way to Leave Inheritance - IRA or Home Equity?
Replies: 17
Views: 2118

Re: Best Way to Leave Inheritance - IRA or Home Equity?

It is true that it is helpful to gift significant assets while you are alive to see how your loved ones handle them The the extent you are SURE you won’t need them to help pay for your needs in old age. We have gifted our kids some substantial assets over the past few years and have been very please...
by HIinvestor
Sun Mar 18, 2018 9:06 pm
Forum: Investing - Theory, News & General
Topic: How much money can a CPA save you?
Replies: 52
Views: 5653

Re: How much money can a CPA save you?

It’s not money the cpa saves us as much as time and stress. I rather the cpa do it all and so does H. We have a rental partnership as well as a separately owned rental. I’m also an independent contractor and an employee and H is an annuitant. We also have an adult dependent. I’m sure we COULD do our...
by HIinvestor
Sun Mar 18, 2018 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Best Way to Leave Inheritance - IRA or Home Equity?
Replies: 17
Views: 2118

Re: Best Way to Leave Inheritance - IRA or Home Equity?

I suspect that we will do as H’s sister did and leave behind a mix of assets. All were appreciated by the beneficiaries—equity in real estate, inherited IRAs, life insurance and taxable accounts. H and I plan to not leave debts for our kids and some assets. To the extent possible, we plan not to spe...
by HIinvestor
Thu Mar 15, 2018 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: What address do people put if they live in their car?
Replies: 37
Views: 5111

Re: What address do people put if they live in their car?

Depending on the person and situation, some federally qualified community health centers provide mail service for the patients they serve, since many are houseless and nomadic. I believe Post Office Box rentals, either USPS or privately operated are a nominal monthly or semi-annual or annual charge....
by HIinvestor
Thu Mar 15, 2018 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 187
Views: 18679

Re: Those with high savings rate: why?

We enjoy living below our means and can and do buy what we need and much of what we want. We like having savings and investments, as it gives us and our kids more options. H retired when he was no longer enjoying his job and I am cutting back and doing more of what I enjoy and less of things I disli...
by HIinvestor
Thu Mar 15, 2018 8:11 pm
Forum: Personal Consumer Issues
Topic: How to buy a safe "power bank" to replace my recalled AmazonBasics unit?
Replies: 56
Views: 3691

Re: How to buy a safe "power bank" to replace my recalled AmazonBasics unit?

We have been happy and satisfied with the external batteries we get from Costco, Royal Power Boost Turbo and the two slimmer models we recently also acquired. The Royal will power my iPhone 6s up to 4 or more times or my iPad mini a few times and iPhones a few.
by HIinvestor
Wed Mar 14, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out inherited IRA or just take RMD's?
Replies: 19
Views: 1383

Re: Cash out inherited IRA or just take RMD's?

Taking the RMDs makes it like an annuity for you. That’s a GOOD thing. Invest it wisely and you can get a nice stream of RMDs. Sorry for the long as of your loved one.

You can always cash it out later at age 59.5 if needed.
by HIinvestor
Tue Mar 13, 2018 1:45 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 483
Views: 40756

Re: What frugal thing did you do today?

Well, we went to Costco and bought a phone set--5 receivers with batteries and an answering machine for $120. It has Bluetooth capability, if and when we want that as well. Also bought just ONE other thing there instead of a huge amount of "stuff." We were happy to be in and out. Ate dinner we prepa...
by HIinvestor
Mon Mar 12, 2018 8:58 pm
Forum: Personal Consumer Issues
Topic: Incorrect medical report
Replies: 31
Views: 2054

Re: Incorrect medical report

I try to have the Rx list correct as to names if Rx, strengths and dosing so that it is as accurate as possible. I just like medical records to be correct, including info about allergies and adverse events. My Rx list is currently correct in at least 1 database, the one my internist and lung special...
by HIinvestor
Mon Mar 12, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: Bicycle Commuting in LA - Thoughts?
Replies: 100
Views: 4835

Re: Bicycle Commuting in LA - Thoughts?

I think you’d have to weigh any fitness gains vs more danger of being hit by car and also inhaling more pollution and small particulate matter. Somehow bikes and traffic are a very bad mix, in my mind.
by HIinvestor
Mon Mar 12, 2018 7:09 pm
Forum: Personal Consumer Issues
Topic: Incorrect medical report
Replies: 31
Views: 2054

Re: Incorrect medical report

Sometimes quite a bit of persistence is required to get a medical record corrected. I had incorrect listing of my medications for over a year despite asking in person at each visit of both the clerical staff and medical assistant that it be corrected and giving a corrected list of the Rx to the offi...
by HIinvestor
Mon Mar 12, 2018 3:49 am
Forum: Investing - Help with Personal Investments
Topic: PedalPub investment
Replies: 22
Views: 2065

Re: PedalPub investment

Hawaii has these, at least in Honolulu. I think I have only seen them twice — once with a few lonely - looking passengers anc the other time no one wanted to ride so the”bartender” kept trying unsuccessfully to attract customers. It seems like a tough way to earn $$ from what I’ve seen. Our state ha...
by HIinvestor
Sat Mar 03, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: What will you do with your tax refund?
Replies: 87
Views: 5704

Re: What will you do with your tax refund?

We always apply ours toward estimated taxes so never receive a penny in cash or our accounts. Most times the tax is pretty close to what we’ve paid in estimated taxes but sometimes it’s pretty far off due to fluctuating income and dividends.
by HIinvestor
Sat Mar 03, 2018 6:07 pm
Forum: Personal Consumer Issues
Topic: Lost social security card, steps to take?
Replies: 34
Views: 2419

Re: Lost social security card, steps to take?

Most recently I needed my SS card to renew my Real ID Driver’s License. The only other ID they would accept in lieu of original SS card was Medicare Card (which I don’t have as I have not yet enrolled and don’t yet qualify). I also had to produce my old DL, my current, valid passport and 2 utility b...