Search found 209 matches

by Skiffy
Sun Apr 22, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Considering a 529 with limited time horizon
Replies: 6
Views: 723

Re: Considering a 529 with limited time horizon

“Fair” for 3 kids may be difficult. What about scholarships? What about rising costs with 9 year spread? $100,000 May get oldest thru school whereas student loan for #3 (even at same school!). What if they are on 10 year plan - nephew just graduating from college next month after taking 10 years of ...
by Skiffy
Thu Mar 29, 2018 8:44 am
Forum: Personal Consumer Issues
Topic: Getting Furniture into a Basement
Replies: 39
Views: 2671

Re: Getting Furniture into a Basement

Can you remove a basement window and get furniture thru that way? That’s how they moved couches in my MIL’s bi-level.
by Skiffy
Fri Feb 23, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads: What are you doing to prepare for dementia/alzheimers?
Replies: 60
Views: 5669

Re: Bogleheads: What are you doing to prepare for dementia/alzheimers?

The trouble with developing dementia is you may not be self aware of decline and inability to make good decisions. MIL had to be removed (unwillingly) from her home, she forgot to eat, drink, bills unpaid etc. She still thinks she could live by herself, was diagnosed with dementia about a year ago. ...
by Skiffy
Sun Feb 11, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: what to look for when buying a flipped house
Replies: 27
Views: 1984

Re: what to look for when buying a flipped house

We live in a 25 year old house, 4 houses were built in a neighborhood with homes that are 70 years old. These houses are ripe with flippers, many one or two owner homes that have never been updated. Yellow toilet anyone? No master bath, only one bathroom, unfinished basements. Kitchens that are 70 y...
by Skiffy
Thu Jan 04, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Question on wills and advanced medical directives
Replies: 18
Views: 1331

Re: Question on wills and advanced medical directives

It sounds like both sets of parents are still alive? You will get some experience about decision making and the aging process. Our experiences have been (we’re 15 years older than you) moving Mom from independent apartment, to senior sliding scale rent, to nursing home then death; Dad accidental dea...
by Skiffy
Sun Aug 27, 2017 9:09 pm
Forum: Personal Consumer Issues
Topic: Amazon "subscribe and save"
Replies: 20
Views: 1791

Re: Amazon "subscribe and save"

We use subscribe and save for water filters for refrigerator, they were about $25 cheaper but I noticed the price has been creeping up, need to look around and compare prices.

Very handy for items that seem to be out of stock or unusual.
by Skiffy
Wed Jul 12, 2017 9:55 pm
Forum: Personal Consumer Issues
Topic: Seeking Advice - Broken Sprinkler System after Home Purchase
Replies: 28
Views: 2397

Re: Seeking Advice - Broken Sprinkler System after Home Purchase

We have found that the sprinkler needs work every spring and or summer, plus needs to be blown out or winterized every fall. If you want to save money you may as well figure out how things work and do repairs yourself.
by Skiffy
Mon Jul 03, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Childless couple - want siblings to inherit after we both go
Replies: 36
Views: 4007

Re: Childless couple - want siblings to inherit after we both go

Are you both wealthy enough not to run out of money if either or both end up in a nursing home?

And what do you want to happen if one of your siblings predeceasing you or your spouse? Things could get really complicated by ill health, dementia, etc
by Skiffy
Thu Jun 15, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 7169

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

I work for a small business owner who owns a house and adjacent business. Rents out the house and business pays rent. His biggest advantage is he is right there to monitor rental, and now that he is retiring has two income streams.
by Skiffy
Thu May 04, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: How much would you save if you don't have insurance?
Replies: 32
Views: 2995

Re: How much would you save if you don't have insurance?

Save no money. Have less than $2,000 in the bank. Go on Medicaid.
by Skiffy
Sun Apr 30, 2017 9:50 am
Forum: Personal Consumer Issues
Topic: Buy condo now, or wait a few years and then enter CCRC?
Replies: 26
Views: 2980

Re: Downsize now, or wait a few years and enter CCRC?

We've helped a few family members downsize. It is very hard to move, and I think the hardest thing to do is decide what to keep, donate and throw away. Moving to a smaller place forces you to choose. One health setback or a dementia diagnosis is all it takes for your family to "choose" for you. If y...
by Skiffy
Sat Nov 19, 2016 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house for your college kid?
Replies: 46
Views: 4722

Re: Would you buy a house for your college kid?

My sister and brother-in-law became unwilling landlords to their son after he dropped out of college after buying a place for him in a college town. Late rent and rent in arrears anyone? Finally got him out and they lost money on that deal.
by Skiffy
Sat Oct 01, 2016 2:20 pm
Forum: Local Chapters and Bogleheads Community
Topic: How Did You Become A Boglehead? What Led You Here?
Replies: 168
Views: 18547

Re: How Did You Become A Boglehead? What Led You Here?

My path to enlightenment- Suze Orman to opening a Roth IRA to Morningstar which led to Bogleheads.

Trying to encourage my kids to start about 20 years younger than I was.
by Skiffy
Mon Sep 19, 2016 9:36 pm
Forum: Personal Consumer Issues
Topic: The Bogleheads' "100 Things Worth Every Penny" List
Replies: 275
Views: 44106

Re: The Bogleheads' "100 Things Worth Every Penny" List

Can't believe no one has said high quality chocolate!
by Skiffy
Sat May 28, 2016 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can we inherit IRAs if not married?
Replies: 31
Views: 3284

Re: Can we inherit IRAs if not married?

Other things to consider, not just inheritance issues if you're not married--long term care, medical decisions (tell me you have poa's and medical poa's already set up?). My spouse and I have been dealing with relatives in their 80's (a short 10 years away!) with cognitive issues. This gets complica...
by Skiffy
Tue Feb 23, 2016 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: Please Help Me "Bounce the Last Check"
Replies: 39
Views: 5806

Re: Please Help Me "Bounce the Last Check"

My FIL died broke. Trouble was he was broke for quite a few years before he died. If you have kept good records, go back 30 years ago (after all that is your projected retirement time line) and look at what things cost. Medical costs, insurances, and utilities all had large increases over the years,...
by Skiffy
Sun Feb 21, 2016 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund spending assumption
Replies: 13
Views: 1388

Re: Emergency Fund spending assumption

I also think you have to look at the whole picture-do you have a "vehicle replacement and repair fund", and a "home repair and upkeep fund" and short and long term disability fund or insurance, etc. Ongoing medical expenses could end up messing with your carefully crafted emergency fund. So think wi...
by Skiffy
Sat Feb 06, 2016 2:26 pm
Forum: Investing - Theory, News & General
Topic: If SS covers expenses why invest?
Replies: 64
Views: 6159

Re: If SS covers expenses why invest?

Between step-sisters, in-laws, etc We are aware of 5 households of 80 year-olds trying to live on SS. They are poor. When they all retired at 62, they thought SS would be plenty to live on. But insurance, utilities and healthcare costs have increased dramatically. Some require assistance from their ...
by Skiffy
Thu Feb 04, 2016 11:19 pm
Forum: Personal Consumer Issues
Topic: Chicken rub
Replies: 34
Views: 3224

Re: Chicken rub

We like olive oil, garlic powder, chili powder, salt & pepper.
by Skiffy
Wed Jan 06, 2016 8:32 pm
Forum: Personal Consumer Issues
Topic: Help me loosen the purse strings: need an intervention
Replies: 36
Views: 4592

Re: Help me loosen the purse strings: need an intervention

Here is our experience-and while I laughed when reading the responses. We had the family over for Christmas Dinner. We carefully prepared a beautiful table, with the tabletop duck taped[ down! We hardly ever use the formal dining table, only a couple times a year. We can not find a new table we like...
by Skiffy
Mon Dec 14, 2015 10:35 am
Forum: Personal Consumer Issues
Topic: Paying Kids For Good Grades -- do you do it?
Replies: 94
Views: 7946

Re: Paying Kids For Good Grades -- do you do it?

Funny story-Dad promised our 5th grader if she got straight A's she could get a dog. She worked hard, did extra credit work, etc. Now, 15 years later, Mom and Dad have inherited the dog.
by Skiffy
Sat Aug 15, 2015 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Late starters: what age did you start investing?
Replies: 94
Views: 14775

Re: Late starters: what age did you start investing?

I started a Roth when I was 43. I was the low income spouse with no retirement in my name. I had worked part-time or for nonprofits with limited benefits.

I feel we might be the last generation that will get a pension (spouse) and have encouraged our children to start saving in their 20's.
by Skiffy
Fri Jul 10, 2015 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: In-laws not saving for retirement -- help!
Replies: 47
Views: 10139

Re: In-laws not saving for retirement -- help!

You didn't co-sign the loan?

I would second the suggestion NOT to start enabling, it will just delay the their making hard choices.

Our family is not the sort to get into each other's business, maybe your family is?
by Skiffy
Mon Jun 29, 2015 4:07 pm
Forum: Personal Consumer Issues
Topic: Updated - Propane Oven Makes Me Sick - Repair or Buy New?
Replies: 35
Views: 3326

Re: Propane Oven Makes Me Sick

Plumbers are also pipe fitters, so for the price of a service call you could find out if you have a leak and get it fixed!
by Skiffy
Wed Jun 03, 2015 7:39 pm
Forum: Personal Consumer Issues
Topic: Perpetual Travelling
Replies: 73
Views: 14255

Re: Perpetual Travelling

My sister, who is a nurse, would quite frequently would have a "perpetual traveler" admitted to the hospital. They faced a lot of difficulty after they were discharged-couldn't drive their RV, couldn't fly, where to recuperate ? What doctor? Just something to think about
by Skiffy
Sat May 30, 2015 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Ideal Benefits Package?
Replies: 6
Views: 1420

Re: Ideal Benefits Package?

I've worked for several small companies over he years and none of them could afford to offer health insurance! One offered a cafeteria plan where employees could pay for their own Heath Ins. tax free (employees could have p/y deductions tax free and the employer could add $ to the pot).
by Skiffy
Sat May 30, 2015 5:29 pm
Forum: Personal Consumer Issues
Topic: Kitchen and Living/Family Room Flooring
Replies: 18
Views: 3623

Re: Kitchen and Living/Family Room Flooring

Hardwood floors can be sanded and refinished including staining a couple times extending its life by many years. Yes the're expensive but if you're planning to stay awhile more durable than many choices.
by Skiffy
Sat Apr 25, 2015 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Your experiences of high inflation periods
Replies: 60
Views: 5108

Re: Your experiences of high inflation periods

I was going to college in the late 70's and lived off the interest on a CD that was paying 17-18% interest!
by Skiffy
Wed Apr 22, 2015 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Does your family know about your net worth (ball park)?
Replies: 98
Views: 14788

Re: Does your family know about your net worth (ball park)?

We're finding out more and more as all the 80 years old's are trying to live on social security, or have run thru any money they have saved. Otherwise any financial news is a big secret our families. I'm trying to be more open with our kids who are in their 20's.
by Skiffy
Tue Apr 21, 2015 7:52 pm
Forum: Personal Consumer Issues
Topic: New Water Heater
Replies: 42
Views: 6390

Re: New Water Heater

Beginning in July, or when they run out of old ones, new more efficient water heaters will be required. By "new" I mean more expensive and untested. They are wider and taller than present models, so if your WH is in a tight spot you may want to replace asap.
by Skiffy
Sun Apr 19, 2015 8:55 pm
Forum: Personal Consumer Issues
Topic: Car for teenager
Replies: 52
Views: 5008

Re: Car for teenager

Go to the high school at the last bell and watch how the high school students drive. It is scary. I think they have added more restrictions than when our kids were in high school, grades etc to get a parking spot. The kids inherited our old, boring, safe cars. We always felt the parents should have ...
by Skiffy
Mon Apr 13, 2015 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs Buy
Replies: 11
Views: 1983

Re: Rent vs Buy

If you rent, will the owners want your wife to "dig in the dirt"?
by Skiffy
Tue Apr 07, 2015 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 141
Views: 20842

Re: Family member asking for money

I always read these threads with great interest. I think it comes down to "family culture". In both my family and my spouse's family, each family unit is on their own. We don't get in each other's business, financial or othewise. This includes parents and kids barely scraping buy. Each has to live o...
by Skiffy
Sun Feb 15, 2015 3:14 pm
Forum: Personal Consumer Issues
Topic: Genealogy
Replies: 72
Views: 7166

Re: Genealogy

This is a good idea-before the generation that can I'd pics and names are gone. We have found that some of the older ones are developing dementia, so when you ask them questions they will make something up to fill in the blanks. So the more you can flesh out with actual dates, and verifiable informa...
by Skiffy
Sun Jan 04, 2015 3:34 pm
Forum: Personal Consumer Issues
Topic: Paper Statements
Replies: 68
Views: 5238

Re: Paper Statements

We do not get paper statements, but we do print off year end statements for our files. What my concern is what happens when all of us "paperless" people get demnsia or die? No paper statements (if like FIL last 30 years of statements and misc. paperwork) In fact the kids don't have access to our ema...
by Skiffy
Wed Dec 03, 2014 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Exemptions - W4 Withholding Allowances
Replies: 7
Views: 1503

Re: Tax Exemptions - W4 Withholding Allowances

If you go to the irs.gov website and pull up Publication 15. Then look at your current paycheck figure out by changing your withholding how much more or less over the year will be taken out. You may want to wait until filing your taxes for this year then seeing if you will get a refund if you can cl...
by Skiffy
Sun Nov 16, 2014 3:30 pm
Forum: Personal Consumer Issues
Topic: Recommend good fantasy (alternative history) book?
Replies: 13
Views: 1771

Re: Recommend good fantasy (alternative history) book?

My son and I like "Dies the Fire" by S.M. Sirling. It is the first book in a series that goes on for many generations. The premise was what would happen if technology stopped working. After about 5 books I lost interest, but my son kept going, I think 10 or12 books.
by Skiffy
Mon Nov 10, 2014 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance/Retirement Planning Question
Replies: 25
Views: 2649

Re: Inheritance/Retirement Planning Question

This question reminds me of (I think? Correct me if I'm wrong) the book The Millionaire Next Door. Where adult kids don't save any money because of annual gifts or support from their parents. I think you should not expect anything and be independent. You're making a good living-save some of it!
by Skiffy
Mon Nov 03, 2014 10:52 pm
Forum: Personal Consumer Issues
Topic: Ashley Furniture
Replies: 42
Views: 12447

Re: Ashley Furniture

We bought family room furniture last year from Ashley's. The dog and cat scratched up the "pleather" furniture. The wood furniture (3 pieces) had the veneer separate from shelves and front. In other words we aren't that happy with the quality. Maybe you won't be so hard on it as we have been.
by Skiffy
Sat Nov 01, 2014 4:46 pm
Forum: Personal Consumer Issues
Topic: Good book on Quickbooks
Replies: 8
Views: 880

Re: Good book on Quickbooks

I've been using Quickbooks for 30 years, and I would recommend that you look for either a one day class/conference or the class from a community college. The books are okay for reference, but to learn the language of QB and where things are and the shortcuts it is really worth taking a class.
by Skiffy
Wed Oct 15, 2014 10:32 am
Forum: Personal Consumer Issues
Topic: How to wrap my head around downsizing my home?
Replies: 47
Views: 4938

Re: How to wrap my head around downsizing my home?

It sounds like you don't really want to move? Do you think you need to be closer to medical care, or is this a financial decision? Or did you just move up the "aging-in-place" decision by a decade or two? It sounds like, from your post, that you love this house and it's set up, so how about looking ...
by Skiffy
Fri Oct 03, 2014 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Best place to park my emergency funds
Replies: 16
Views: 2948

Re: Best place to park my emergency funds

A lesson I learned from these smart folks posting on this board quite a few years ago, which surprisingly applies to many more things than just financial--it is not all or nothing. Sometime it is both! Here is my emergency fund "allocations". Sock drawer a couple hundred, cd's quite a few thousand, ...
by Skiffy
Thu Oct 02, 2014 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: What bumps were along your road?
Replies: 44
Views: 4820

Re: What bumps were along your road?

We're on year 6 of paying for one of the kids bachelors' degree. So I guess that is a smallish speed bump, not a complete axle breaker.
by Skiffy
Mon Sep 15, 2014 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Any FRANCHISE owners here?
Replies: 30
Views: 8949

Re: Any FRANCHISE owners here?

I've worked for a franchise owner. He never felt that the 4% that they peeled off the top was worth it, nor when they tell you the hours you must be open. Then just running a business-if the owner isn't present there is theft ($ and what ever isn't nailed down), free give aways and employee turn ove...
by Skiffy
Thu Aug 14, 2014 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Do you hold cash/money market outside of your emergency fund
Replies: 31
Views: 3006

Re: Do you hold cash/money market outside of your emergency

Yes. In a strange twist, for our ages, the combined portfolio is high percentage wise for our stock allocation. So we have more in cash than just emergency funds.
by Skiffy
Fri Jul 11, 2014 2:18 pm
Forum: Personal Consumer Issues
Topic: Toys for a Lazy Cat
Replies: 46
Views: 6208

Re: Toys for a Lazy Cat

Check out a cat feeding ball-dry food is poured in and there are adjusting holes. This requires the cat to bat around the ball and only one piece of food comes out at a time. This makes our cat slow down to eat instead of gobbling it all down (and barfing it back up!)
by Skiffy
Tue Jul 01, 2014 4:05 pm
Forum: Personal Consumer Issues
Topic: Building a home
Replies: 17
Views: 2096

Re: Building a home

Really is a local type question. When we built our house (20 years ago) we found houses that needed updating cost the same as building new. But I believe that now there are a glut of new houses that has driving down the prices of "old" houses.
by Skiffy
Sun Jun 29, 2014 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off home as LTC Insurance?
Replies: 38
Views: 2954

Re: Paid off home as LTC Insurance?

What I have personally seen with in-laws, friends, and others is this: people do okay in their 70's, then with a few health scares or general spiraling down (physically and mentally!) a house gets to be too much. Yard work, cleaning and general updates go to the wayside for many years, plus the hous...
by Skiffy
Sun Jun 15, 2014 10:24 am
Forum: Personal Consumer Issues
Topic: chicken marinade recipes
Replies: 32
Views: 3262

Re: chicken marinade recipes

We like olive oil, lemon, lime or vinegar, chili powder, garlic, s & p. etc. then good leftovers for salads, sandwiches.
by Skiffy
Thu May 15, 2014 7:56 pm
Forum: Personal Consumer Issues
Topic: Garden 2014
Replies: 46
Views: 5805

Re: Garden 2014

Waiting for the foot ! of snow to melt off the raised beds. 2 weeks ago had put in some cold weather crop seeds and they have started to germinate and seemed to like the very moist dose of moisture. Laughed out loud at those of you harvesting already and jealous of your early and long season.