Search found 196 matches

by Skiffy
Mon Sep 19, 2016 9:36 pm
Forum: Personal Consumer Issues
Topic: The Bogleheads' "100 Things Worth Every Penny" List
Replies: 209
Views: 19391

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: 2718

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: 5155

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: 1226

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 emergen...
by Skiffy
Sat Feb 06, 2016 2:26 pm
Forum: Investing - Theory, News & General
Topic: If SS covers expenses why invest?
Replies: 64
Views: 5311

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: 2743

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: 3952

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: 6604

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: 12107

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: 7500

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: 2731

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: 12221

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: 1315

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: 2437

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: 4107

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: 13470

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: 5342

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: 4235

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: 1786

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: 17450

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...
by Skiffy
Sun Feb 15, 2015 3:14 pm
Forum: Personal Consumer Issues
Topic: Genealogy
Replies: 72
Views: 6155

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: 4186

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 ...
by Skiffy
Wed Dec 03, 2014 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Exemptions - W4 Withholding Allowances
Replies: 7
Views: 1325

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: 1412

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: 2432

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: 7596

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 be...
by Skiffy
Sat Nov 01, 2014 4:46 pm
Forum: Personal Consumer Issues
Topic: Good book on Quickbooks
Replies: 8
Views: 792

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: 4504

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 abou...
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: 2600

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 ...
by Skiffy
Thu Oct 02, 2014 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: What bumps were along your road?
Replies: 44
Views: 4370

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: 5631

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: 2683

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: 5491

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: 1869

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: 2616

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: 2693

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: 5334

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.
by Skiffy
Wed Apr 30, 2014 6:29 pm
Forum: Investing - Theory, News & General
Topic: Social security at 62 vs 70
Replies: 76
Views: 7121

Re: Social security at 62 vs 70

The inlaws took ss the month they turned 62. Now that they lived past their break-even point they should have probably worked a couple more years. They didn't dream their expenses would keep going up and up. Even 20 years is a long to to predict what your expenses will be. That is why we are plannin...
by Skiffy
Mon Apr 28, 2014 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Comparing W2 to 1099 job
Replies: 10
Views: 3108

Re: Comparing W2 to 1099 job

As a 1099 contractor you can deduct expenses and may be able to fund some more retirement. Just comparing straight across having to pay the other 7.65% payroll taxes it is almost even, so have to go deeper and compare the rest.
by Skiffy
Fri Apr 04, 2014 11:34 am
Forum: Investing - Theory, News & General
Topic: Help me understand Michael Lewis' "Flash Boys"
Replies: 175
Views: 35280

Re: Help me understand Michael Lewis' "Flash Boys"

Watch the 60 Minutes shows (there are 2 recent ones) on high frequency trading, and how "computers" can execute trades that would be considered illegal as insider trading if humans did it. Those tiny fraction of seconds x a few pennies a trade x millions of transactions are making these HF...
by Skiffy
Sat Feb 22, 2014 3:33 pm
Forum: Investing - Theory, News & General
Topic: How to convince family & friends to use Boglehead Method?
Replies: 61
Views: 5674

How to convince family & friends to use Boglehead Method?

I have a twin sister-we're in our mid-50's. We laugh about who will be living in whose basement! After being accused about being obsessed with money and even planning and thinking about retirement, they will be living in our basement. In other words you can't preach the boglehead methods to those wh...
by Skiffy
Tue Feb 04, 2014 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Advice - inheritance vs. quality of retirement
Replies: 23
Views: 2146

Re: Retirement Advice - inheritance vs. quality of retiremen

Repeating my previous posts: who know what the future will hold? Bad health, early death etc. You may think you're choosing option 1, but life may choose another! If the kids are lucky they may get an inheritance, or they may be lucky that we won't have to live with them when we get old! After seein...
by Skiffy
Sun Jan 26, 2014 3:35 pm
Forum: Personal Consumer Issues
Topic: Gopher Madness
Replies: 71
Views: 4036

Re: Gopher Madness

We got rid of our gophers by offering a $20 bounty for each gopher shot with a BB gun. Popped the screen off window and a couple days later that was the end of our gophers. (Remember we are in the Wild West here!)
by Skiffy
Wed Jan 22, 2014 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund for Self Employed?
Replies: 9
Views: 1019

Re: Emergency Fund for Self Employed?

also does it look like you might have seasonal ups and downs? Might need more reserves if you will have slow periods.
by Skiffy
Sun Jan 19, 2014 3:13 pm
Forum: Personal Consumer Issues
Topic: Finished Basement Ideas
Replies: 32
Views: 3420

Re: Finished Basement Ideas

Are you planning on staying in your home for a long while? I would think long term and really consider adding the bedroom and bathroom for guests and when those pesky kids come back after college!
by Skiffy
Wed Jan 08, 2014 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Do you oversave for retirement or not?
Replies: 70
Views: 6912

Re: Do you oversave for retirement or not?

How do you know if you have "oversaved" until you're dead or run out of money? Maybe that huge savings will pay for a transplant or rehab for a relative!
by Skiffy
Sat Jan 04, 2014 3:25 pm
Forum: Personal Consumer Issues
Topic: Non-retirees: Envisioning Retirement
Replies: 62
Views: 5896

Re: Non-retirees: Envisioning Retirement

Frankly, dreading what retirement might be. spouse who has been totally consumed with work, with no friends or hobbies and of a crabby personality is not something I look forward to.
by Skiffy
Sat Dec 28, 2013 4:34 pm
Forum: Personal Consumer Issues
Topic: House sitting - any pitfalls to avoid?
Replies: 19
Views: 2833

Re: House sitting - any pitfalls to avoid?

I would check your city average price is for dog sitting/walking (had a boss who paid $7/visit, not including walking that is just checking on one pet, letting it out, feeding it). That would be the minimum that I would charge someone. And some written understanding of what she would be responsible ...
by Skiffy
Sun Dec 15, 2013 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Recording Account details for heirs/spouse
Replies: 11
Views: 1187

Re: Recording Account details for heirs/spouse

Really, this is not as simple as account listing, password etc unless your accounts are set up as payable-upon-death. My FIL recently passed, and the companies (utilities, credit card. . .) wouldn't even talk to him as he was not listed on the accounts. FIL had automatic charges hitting his credit c...
by Skiffy
Sat Dec 07, 2013 2:19 pm
Forum: Investing - Theory, News & General
Topic: I'd like to challenge the logic behind a 'disaster fund'
Replies: 134
Views: 8412

Re: I'd like to challenge the logic behind a 'disaster fund'

Interesting that on this board people even think about these topics. Is it just me, or just Mr. Public just stick their heads in the sand and not even think about the future? Some family and friends don't even like to talk about how they plan or want to live in retirement. Have a "disaster"...

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