Search found 509 matches

by bostondan
Sat May 19, 2018 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA: Begin With ETF's or Wait Until 3k?
Replies: 15
Views: 744

Re: Roth IRA: Begin With ETF's or Wait Until 3k?

You can usually start investing with a smaller amount when it is in an IRA, at least that is the case at Fidelity and Schwab. Does Vanguard not allow for that? You may need to call them to get it set up. ETFs are not worth the trouble in an IRA.
by bostondan
Sat May 19, 2018 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Should Tax-Free Munis Be Part of Roth IRA?
Replies: 13
Views: 470

Re: Should Tax-Free Munis Be Part of Roth IRA?

So as to not max out the $5500 limit on Roth IRA, I've set apart my bonds (Tax-Free Munis) as ETFss, outside of my Roth IRA account. Is this a wise move? Portfolio is all Roth IRA: 45%-US Stocks 30%-Int'l Stocks 7%-REITs ETFs. 18% is currently outside ETFs in munis. Why are you not maxing out your ...
by bostondan
Thu May 17, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: "Patient paid amount" for month of death in nursing home?
Replies: 33
Views: 3757

Re: "Patient paid amount" for month of death in nursing home?

asking to talk to their chief CPA is not a bad idea (or ask to talk to a supervisor or the head of billing, etc). Could you also try talking to an ombudsman? Could you try talking to the owner of the facility (or the director)? If I were an organization that got numerous referrals (like you apparen...
by bostondan
Thu May 17, 2018 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: "Patient paid amount" for month of death in nursing home?
Replies: 33
Views: 3757

Re: "Patient paid amount" for month of death in nursing home?

I have decided to no longer engage with them as I am currently. I replied to their latest email and made it VERY clear all the things discussed so far in this thread that were relevant, and said they did NOT have my authorization to make any charges to my credit card (it is on file from prior transa...
by bostondan
Wed May 16, 2018 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: "Patient paid amount" for month of death in nursing home?
Replies: 33
Views: 3757

Re: "Patient paid amount" for month of death in nursing home?

I just received an even larger bill, stating that they now did not have evidence of my payments for the private room from 10/2016 and 2/2017. The statement that I received had two payments applied to 3/2017, which clearly accounted for the discrepancy with 2/2017. When I spoke to the "head of patien...
by bostondan
Sun May 13, 2018 5:37 am
Forum: Personal Finance (Not Investing)
Topic: "Patient paid amount" for month of death in nursing home?
Replies: 33
Views: 3757

Re: "Patient paid amount" for month of death in nursing home?

I never signed up to be the financial guarantor. My mother was the one who originally signed up for that role, but she passed away in 2016. At that time I took over the private room payments, but signed no additional paperwork stating that I would have any specific responsibilities. I paid for the ...
by bostondan
Fri May 11, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: "Patient paid amount" for month of death in nursing home?
Replies: 33
Views: 3757

Re: "Patient paid amount" for month of death in nursing home?

Did she really spend down ALL her assets to qualify for medicaid? Usually folks can keep around $8000 or $2400 depending on what their income is (though in truth some nursing homes that have fraternal or benevelent care do make clients spend down well below the medicaid resource limits). But are yo...
by bostondan
Fri May 11, 2018 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: "Patient paid amount" for month of death in nursing home?
Replies: 33
Views: 3757

Re: "Patient paid amount" for month of death in nursing home?

Thank you for all the thoughtful replies. First, my grandmother did not have any assets. They were spent down to pay for the nursing home, after which time all nursing home expenses were paid by social security and Medicare. The only payments that came from me were for the private room. At the time ...
by bostondan
Fri May 11, 2018 5:05 am
Forum: Personal Finance (Not Investing)
Topic: "Patient paid amount" for month of death in nursing home?
Replies: 33
Views: 3757

Re: "Patient paid amount" for month of death in nursing home?

Flora wrote:
Thu May 10, 2018 10:52 pm
How much was her SS per month? I believe that had to be 100% repaid since she did not live the full month.
It was around $1300. However, it went straight to the nursing home’s bank each month as direct deposit. We did not receive the social security separately.
by bostondan
Thu May 10, 2018 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: "Patient paid amount" for month of death in nursing home?
Replies: 33
Views: 3757

"Patient paid amount" for month of death in nursing home?

I'm not sure if anybody will know the answer to this, but I figured I would give it a shot. Sadly, my grandmother passed away at the age of 102 in March. She had been living at a nursing home nearby. Each month her room and board were paid for out of her social security ("patient paid amount" or "PP...
by bostondan
Thu Apr 26, 2018 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 5942

Re: Who benefits from "best and final offer" on condo?

My broker advised me of the same. I think the the OP was too clever by half, and is trying to rationalize to himself that his strategy was correct. I don't think I'm trying to rationalize anything. I had a seemingly straightforward conversation with the seller for an unrelated reason, and he sponta...
by bostondan
Thu Apr 26, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 5942

Re: Who benefits from "best and final offer" on condo?

I managed to determine the cause of our loss. The winning offer provided $200,000 in earnest money. If that isn't insane, I'm not sure what is. The buyer would lose all of that if they walked away at any point. I bet the seller is secretly hoping they walk away. That way they get $200k and can stil...
by bostondan
Thu Apr 26, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 5942

Re: Who benefits from "best and final offer" on condo?

In auctions, it's wise to pre-establish the max you are willing to pay for an item, and not let the heat of the bidding get you to go above it. That max is your best and final. On eBay for example, with an auto-bidding program, you carefully set your max bid and go away. If the bidding doesn't exce...
by bostondan
Thu Apr 26, 2018 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 5942

Re: Who benefits from "best and final offer" on condo?

I managed to determine the cause of our loss. The winning offer provided $200,000 in earnest money. If that isn't insane, I'm not sure what is. The buyer would lose all of that if they walked away at any point. I bet the seller is secretly hoping they walk away. That way they get $200k and can stil...
by bostondan
Thu Apr 26, 2018 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 5942

Re: Who benefits from "best and final offer" on condo?

Anybody have a condo in Brookline they want to sell us? I'll make you a really good best and final offer. :D
by bostondan
Thu Apr 26, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 5942

Re: Who benefits from "best and final offer" on condo?

I managed to determine the cause of our loss. The winning offer provided $200,000 in earnest money. If that isn't insane, I'm not sure what is. The buyer would lose all of that if they walked away at any point. I bet the seller is secretly hoping they walk away. That way they get $200k and can still...
by bostondan
Wed Apr 25, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 5942

Re: Who benefits from "best and final offer" on condo?

Does willingness to escalate need to be rapidly (like within an hour) resolved for the seller? This seems like an issue for the buyer, not the seller. Having two parties wanting to escalate seems like the exact problem a seller would want to have. I still am not clearly seeing how this benefits the...
by bostondan
Wed Apr 25, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 5942

Re: Who benefits from "best and final offer" on condo?

Do you really think an offer such as "X% above highest offer, not to exceed $Y" is an "insane" offer? That would have solved the problem, or might have. Also, keep in mind that in many states ONLY *written* agreements are legal in real estate transactions. Your "verbal" willingness was legally mean...
by bostondan
Wed Apr 25, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 5942

Re: Who benefits from "best and final offer" on condo?

Thanks for all the replies. To clarify, we ultimately waived all contingencies, including the condo docs. We also offered all cash. I think the only reason we lost was because of the "best and final" request being taken literally and the other offer being higher, regardless of our verbalizing a will...
by bostondan
Tue Apr 24, 2018 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 5942

Re: Who benefits from "best and final offer" on condo?

For the seller, it isn’t entirely about money. It’s also about having a buyer and buyer’s agent you can work with. When they asked for best and final offer, they were asking for best and final offer, and you apparently didn’t believe them. Would I have done it differently? Yes. But when both the to...
by bostondan
Tue Apr 24, 2018 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 5942

Re: Who benefits from "best and final offer" on condo?

The person who benefits is the seller and/ or their agent. They had 2 offers very close and wanted to find out quick by putting some pressure who was willing to significantly increase their offer to "win" the condo. From the side of the buyer I like this move as it quickly ends/ prevents drawn out ...
by bostondan
Tue Apr 24, 2018 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 5942

Re: Who benefits from "best and final offer" on condo?

Also, if anybody has a buyer’s agent that works in the Boston/Brookline area and that you think is really good, please feel free to PM that information. Our agent did a few things that we didn’t like. We feel like he isn’t really aligned with our interests. For example, he told us to not waive a spe...
by bostondan
Tue Apr 24, 2018 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 5942

Re: Who benefits from "best and final offer" on condo?

Yes. Two other things: - There's the chance that one party might offer much, much higher than needed to beat the other party. You offered $1.275, the other party could have offered $1.375 thinking that you would have offered $1.35. That's not how it played out here, but that was a possibility. - Th...
by bostondan
Tue Apr 24, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 5942

Who benefits from "best and final offer" on condo?

I am curious about the reasoning behind "best and final" offer requests when purchasing a home. We put an offer in for a condo at $1.25m, all cash, no contingencies. We were confident in the condo being an excellent fit. The asking price was $1.19m. After filtering out many offers, they got down to ...
by bostondan
Tue Apr 17, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 10421

Re: Wanting to leave Fidelity

On the other hand, I have about $250k at Merrill Edge, and despite multiple pleas I continue to get phone calls from people at ME asking if I will move to a managed investment platform. I keep my account there despite this because I get benefits at BofA by having it there. And for me, other than th...
by bostondan
Tue Apr 17, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 10421

Re: Wanting to leave Fidelity

I moved almost all of our investments from Fidelity to Vanguard. The main reason was unsolicited calls from my Fidelity "Account Executive" urging me to take advantage of some flaky investment opportunity. Every call sounded like his hair was on fire and that the world was ending today. This sounds...
by bostondan
Tue Apr 17, 2018 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Best High Interest Savings Account?
Replies: 20
Views: 1918

Re: Best High Interest Savings Account?

My experience is that Purepoint has been the market leader (or close to it) for much of the last year (excluding teaser or restricted rates). They just upped to 1.75%. Good reason to break my Ally Bank 1.75% CD. +1 I have had an excellent experience with Purepoint. No secret fees. They also gave me...
by bostondan
Tue Apr 17, 2018 8:25 am
Forum: Personal Consumer Issues
Topic: Online Fax Suggestions
Replies: 12
Views: 946

Re: Online Fax Suggestions

This doesn't apply to everybody obviously, but physicians can get a free fax line through Doximity. That's what I use. It also claims to be HIPAA-compliant.
by bostondan
Mon Apr 09, 2018 8:27 pm
Forum: Personal Consumer Issues
Topic: New faster DNS - 1.1.1.1 by CloudFlare
Replies: 97
Views: 7681

Re: New faster DNS - 1.1.1.1 by CloudFlare

I've noticed that pages load faster when using 1.1.1.1. I did a comparison with the Google DNS and it was noticeable. Both are extremely fast, and the difference is probably irrelevant, but 1.1.1.1 verges on instantaneous, while Google DNS clearly thinks for a a few milliseconds before loading.
by bostondan
Mon Apr 09, 2018 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Purepoint now 1.6%
Replies: 13
Views: 1718

Re: Purepoint now 1.6%

vbdoug wrote:
Mon Apr 09, 2018 2:57 pm
Purepoint sent me some "Tea Forte Noir" last week. I do not know why, but it was a nice gesture.
My wife and I each got the same thing. They said it was for our birthdays, which were in March. It was actually decent tea.
by bostondan
Sun Apr 08, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Review of tax software for trusts and estates
Replies: 69
Views: 8643

Re: Review of tax software for trusts and estates

I'm late as usual, so I just started on a complex trust with no K1's. I assumed it would import my year-end 1099 Composite brokerage statement (like other tax programs I've used), but if it does, I don't know how. It's asking me to manually enter all 1099-INT and 1099-DIV information. My 1099-Compo...
by bostondan
Sun Apr 08, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Review of tax software for trusts and estates
Replies: 69
Views: 8643

Re: Review of tax software for trusts and estates

Thanks for your response, but I still can't find any such capability. I may not have been specific enough - I'm talking about TaxAct for Trusts/Estates, i.e., generating a 1041 and associated forms. Yes, I knew which one you were referring to. Here you go: Federal > Investment Income > Gain or loss...
by bostondan
Thu Apr 05, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Review of tax software for trusts and estates
Replies: 69
Views: 8643

Re: Review of tax software for trusts and estates

Thanks for your response, but I still can't find any such capability. I may not have been specific enough - I'm talking about TaxAct for Trusts/Estates, i.e., generating a 1041 and associated forms. Yes, I knew which one you were referring to. Here you go: Federal > Investment Income > Gain or loss...
by bostondan
Wed Apr 04, 2018 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Review of tax software for trusts and estates
Replies: 69
Views: 8643

Re: Review of tax software for trusts and estates

Just a quick follow-up to my previous post: I thought I'd found my answer in H&R Block Premium & Business, but when I read the reviews on Amazon, most people give it 1 or 2 stars. If I look at H&R's website, under feature comparisons, it says it *can* "easily import ... 1099 statements", but I'm no...
by bostondan
Wed Mar 14, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 139
Views: 12916

Re: New Car: Ever make sense to lease?

One major perk I have found with purchasing my current car has been a change of attitude towards my car as it ages. My wife convinced me to purchase my car after many years of leasing. Previously, I always did 3 year leases. After 2 years I would start to think of my car as feeling "old" and would b...
by bostondan
Wed Mar 14, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 139
Views: 12916

Re: New Car: Ever make sense to lease?

How about an area like south Florida with a ton of aging drivers? Owning a car for 10+ years may be extremely optimistic - forget car longevity, what about driver longevity? And then there is the driver's ability (meaning mental and physical capability), some of us probably should have been off the...
by bostondan
Sun Mar 11, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Review of tax software for trusts and estates
Replies: 69
Views: 8643

Re: Review of tax software for trusts and estates

I downloaded TaxAct last year for 2 irrevocable trusts and was surprised when it would not allow me to do the second trust. That was false advertising. In any case, I got around it by moving the first Trust file to a different location and starting from scratch with the second. I mailed in the retu...
by bostondan
Sun Mar 11, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Review of tax software for trusts and estates
Replies: 69
Views: 8643

Re: Review of tax software for trusts and estates

I can't understand why TurboTax Business can't import brokerage statements like other versions of TurboTax. An annoying flaw that should be corrected. I agree. Luckily our investment income is simple due to maintaining a basic three-fund portfolio with rare sales. I had previously mentioned that Ta...
by bostondan
Sat Mar 10, 2018 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 49
Views: 6190

Re: This is not a typical medical collections issue- what to do?

We received a vaguely similar collection bill once for a medical charge that did not seem valid and was from many years ago. It also was supposed to have been covered by insurance. I was very reasonable when I called them, only to discover that they were lunatics and further research suggested I sho...
by bostondan
Sat Mar 10, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Review of tax software for trusts and estates
Replies: 69
Views: 8643

Re: Review of tax software for trusts and estates

Has anybody successfully added a credit card and paid for a Trusts & Estate return through TaxAct today? I submitted one a few days ago and it was fine. Today, for an estate return, I am unable to add a credit card. It says, "Failed to validate the card, please contact customer support." I tried ent...
by bostondan
Sat Mar 10, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Review of tax software for trusts and estates
Replies: 69
Views: 8643

Re: Review of tax software for trusts and estates

I have multiple trust returns so TaxAct is out of the question since each return costs $60 and if you find a mistake after printing and want to change something they will charge another $60. I did use TaxAct in 2014 and 2015 before they put those restrictions on the software. I'm not sure this is c...
by bostondan
Tue Mar 06, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Review of tax software for trusts and estates
Replies: 69
Views: 8643

Re: Review of tax software for trusts and estates

I have also have found TaxAct fairly straightforward. I previously stated that there was no way to import data from a brokerage account using TaxAct Estates & Trusts, but that was not true. There is a way to import it, but it was just not obvious and I wasn't prompted in the interview process.
by bostondan
Sat Mar 03, 2018 10:22 am
Forum: Personal Consumer Issues
Topic: Nanny Payroll Services - Who do you use?
Replies: 17
Views: 1543

Re: Nanny Payroll Services - Who do you use?

Another vote for care.com HomePay. However, it looks like it is much more expensive now. I paid $19.99/month, which included all expenses and there were no additional fees at the end of the year. Now it is $210/quarter plus fees for tax filing. Seems like a crazy price increase. Also, our nanny ende...
by bostondan
Tue Feb 27, 2018 6:44 pm
Forum: Personal Consumer Issues
Topic: Any downside to WiFi calling?
Replies: 25
Views: 2087

Re: Any downside to WiFi calling?

If you never have issues with cell signal, there is no need to enable it. It generally works very well, but intermittently causes issues with calling. I have no signal in many areas of the hospital, but do have wifi, so wifi calling is a lifesaver for me.
by bostondan
Mon Feb 26, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Splitting a cell phone bill
Replies: 35
Views: 2004

Re: Splitting a cell phone bill

Recently, we discovered that by upgrading our plan, we could save $30 per month. (Essentially, the old plan cost more than the new plan). We upgraded and the total monthly bill decreased by $30. However, my wife notices that the add on cost for the extra line is now $25, and she thinks the correct ...
by bostondan
Sun Feb 25, 2018 12:34 am
Forum: Personal Finance (Not Investing)
Topic: 2 kids starting Grad School. How to support equally
Replies: 15
Views: 1660

Re: 2 kids starting Grad School. How to support equally

Why don't you ask them what they think is fair? +1 My mother was always so worried about making sure everything was fair between me and my sister. We didn't really care and were grateful for everything they did to help us. This question can really only be answered by your own children. I'm sure the...
by bostondan
Sat Feb 24, 2018 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Review of tax software for trusts and estates
Replies: 69
Views: 8643

Re: Review of tax software for trusts and estates

Just a quick *thanks bostondan* also for the detailed analysis! And actually, I don’t have a PC, just a pad so it looks like I am wedded to TaxAct. That’s what I used last year for our trust. Glad I could be helpful. As an update, I have since discovered that another benefit to TaxAct is that it le...
by bostondan
Wed Feb 21, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: [New MA & VT Tax reporting]- 1099-K threshold reduced to $600
Replies: 105
Views: 6544

Re: [New MA & VT Tax reporting]- 1099-K threshold reduced to $600

chw wrote:
Wed Feb 21, 2018 7:09 pm
If only we could predict that the IRS will review the same way.
Nooooooooo!!!!

I refuse to be the one who asks the IRS to answer this question. I have spent too much time on this issue already. Also, I don’t have any friends at the IRS!
by bostondan
Wed Feb 21, 2018 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: [New MA & VT Tax reporting]- 1099-K threshold reduced to $600
Replies: 105
Views: 6544

Re: [New MA & VT Tax reporting]- 1099-K threshold reduced to $600

The very nice woman from DOR called me back this week to let me know that they have updated the FAQ with further details. At last, I believe my situation regarding 1099-K income from selling an iPhone has been answered: https://www.mass.gov/service-details/frequently-asked-questions-about-1099-k-not...
by bostondan
Sat Feb 17, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: [New MA & VT Tax reporting]- 1099-K threshold reduced to $600
Replies: 105
Views: 6544

Re: [New MA & VT Tax reporting]- 1099-K threshold reduced to $600

TT and bostondan could be right about not reporting on schedule C. I can not understand why they are requiring the 1099-K if they are going to ignore some or all the income on them I don't think they fully thought it through, unfortunately. The politicians told them to start capturing this income, ...