Search found 5560 matches

by cheese_breath
Thu Feb 04, 2016 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: What percentage of your expenses are covered by SS and/or pensions
Replies: 74
Views: 4106

Re: Retirees: What percentage of your expenses are covered by SS and/or pensions

Currently almost 100% is covered except for large purchases like a new car. But since neither of my pensions is COLA adjusted this will change as inflation ramps up. As far as my portfolio is concerned I just plan for covering any remaining expenses after pensions and SS have paid their part.
by cheese_breath
Thu Feb 04, 2016 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Tax refund - paper check or direct deposit?
Replies: 13
Views: 741

Re: Tax refund - paper check or direct deposit?

If the tax return gets into the hands of bad guys you have a lot more to worry about than your tax refund. They will have everything they need to steel your identity, and the refund will look like small change compared to what they can do with your identity. Use DD. edit: Most likely your pay check ...
by cheese_breath
Thu Feb 04, 2016 10:23 am
Forum: Personal Consumer Issues
Topic: Sibling's destination wedding?
Replies: 87
Views: 4040

Re: Sibling's destination wedding?

I've never been in that situation, but there may be a fourth choice... Sibling pays for part (or all) of invited family's travel and lodging expenses since (s)he chose the wedding location.
by cheese_breath
Thu Feb 04, 2016 12:13 am
Forum: Personal Consumer Issues
Topic: Best Tips for Packing & Moving?
Replies: 14
Views: 1129

Re: Best Tips for Packing & Moving?

Last time we moved about 10 miles we still had a station wagon. For the hanging clothes we just put the back seats down, spread a clean sheet on the floor, and laid the clothes on top of each other. This should be OK if you have a SUV with fold down seats or pickup with enclosed bed. This isn't long...
by cheese_breath
Wed Feb 03, 2016 11:53 am
Forum: Personal Finance (Not Investing)
Topic: What age did you retire
Replies: 84
Views: 6326

Re: What age did you retire

OK we need to be honest in this thread. If your spouse works, your not "retired". You are a single income family. It doesn't count if someone else is paying your bills. I used to work but don't anymore. Wife never worked outside the house. So does that mean I'm retired? Oh wait a minute. ...
by cheese_breath
Tue Feb 02, 2016 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you retire
Replies: 84
Views: 6326

Re: What age did you retire

56. Would have done it sooner if I could.
by cheese_breath
Tue Feb 02, 2016 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Silent Investor Owed Lots of Money
Replies: 33
Views: 2346

Re: Silent Investor Owed Lots of Money

VictoriaF wrote:
supersharpie wrote:Sounds like a storyline to an episode of American Greed.


It's not uniquely American. Recently, a friend told me about his 80-year old relative in a different country who's spent tens of thousands of dollars on his girlfriend's breast enlargement.

Victoria

Did you mean that to be singular?
by cheese_breath
Tue Feb 02, 2016 4:54 pm
Forum: Investing - Theory, News & General
Topic: 67% Expense Ratio?
Replies: 10
Views: 1893

Re: 67% Expense Ratio?

They must be reading this thread because it's fixed now.
by cheese_breath
Tue Feb 02, 2016 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: DH just now noticed VALIC didn't distribute RMDs last year
Replies: 10
Views: 877

Re: DH just now noticed VALIC didn't distribute RMDs last year

wit $33K at age 77 the RMD can't be that much. Maybe somewhere around $1500? So you might owe around $750? I know $750 isn't chickenfeed, but at least he didn't have a $300K IRA.
by cheese_breath
Tue Feb 02, 2016 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Retired - do you still save?
Replies: 24
Views: 1944

Re: Retired - do you still save?

I don't consciously save, but I plan. Most months my pensions and SS cover all my expenses, but I don't spend any extra just to spend it all. So I guess you might call that saving. But I don't consciously reserve any of it for any specific purpose. I just plan ahead for all my known upcoming expense...
by cheese_breath
Tue Feb 02, 2016 12:17 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

I agree you have no leverage. The GM could have held MIL to the original contract, so just get the best deal he'll give you and live with it. You have some leverage. In addition to possible bad publicity, if the GM holds the MIL to the original deal, you can let her default (possibly immediately), ...
by cheese_breath
Tue Feb 02, 2016 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Nearing retirement but annual contribution still very significant
Replies: 39
Views: 2958

Re: Nearing retirement but annual contribution still very significant

It's all relative. I don't recall you giving your age anywhere, but for sake of discussion let's say your ERO package gives you retirement at age 60. The contributions you put in at age 25 will have had 30 more years to grow than the ones you put in at 55. So in that sense the earlier ones are more ...
by cheese_breath
Tue Feb 02, 2016 11:35 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1423
Views: 271517

Re: What Movie Have You Recently Watched?

We watched "Reasonable Doubt" last. It's about a prosecuter who goes out drinking one night and runs over a man in the street. They arrest another guy (Samual Jackson)for the murder and the prosecuter has the job of trying this guy for the crime he has committed. It's on Netflix and a goo...
by cheese_breath
Tue Feb 02, 2016 11:32 am
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

Three comments I guess... I agree you have no leverage. The GM could have held MIL to the original contract, so just get the best deal he'll give you and live with it. I agree with betterfinances. Don't go for a used car. You and MIL don't need any more headaches if it breaks down. I might make an e...
by cheese_breath
Tue Feb 02, 2016 10:26 am
Forum: Personal Finance (Not Investing)
Topic: DH just now noticed VALIC didn't distribute RMDs last year
Replies: 10
Views: 877

Re: DH just now noticed VALIC didn't distribute RMDs last year

montanagirl wrote:Now I'm curious how VALIC will come up with the RMD amount since they weren't the custodian in 2014.

That is an excellent question. You should verify their number is correct, or you'll be going through this all over again.
by cheese_breath
Mon Feb 01, 2016 10:03 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

they are listing prices for cars rolling off leases at $14-18k....Any thoughts are appreciated. You could probably get a new base model Civic for that and not need to worry about having major car repairs before the car is paid off. At this point she doesn't have much goodwill left to worry about th...
by cheese_breath
Mon Feb 01, 2016 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: DH just now noticed VALIC didn't distribute RMDs last year
Replies: 10
Views: 877

Re: DH just now noticed VALIC didn't distribute RMDs last year

I'm surprised they didn't ask when Hubby did the transfer, but I'm not sure they are required to either. You say the transfer was in Feb. It's possible Hubby might have taken his RMD in January. Or maybe he has other IRAs that he's taking the RMD from. They don't know. Seems like someone should have...
by cheese_breath
Mon Feb 01, 2016 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Sell Taxable Stock and move to Roth IRA
Replies: 9
Views: 440

Re: Sell Taxable Stock and move to Roth IRA

Sounds good to me as long as you have enough earned income to cover the move . You won't be able to TLH in a Roth, but who cares. You won't have to pay taxes on the gains either. And please get it out of that expensive active fund and move it to a low cost passive fund. Can you elaborate on that? Y...
by cheese_breath
Mon Feb 01, 2016 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Sell Taxable Stock and move to Roth IRA
Replies: 9
Views: 440

Re: Sell Taxable Stock and move to Roth IRA

Sounds good to me as long as you have enough earned income to cover the move. You won't be able to TLH in a Roth, but who cares. You won't have to pay taxes on the gains either. And please get it out of that expensive active fund and move it to a low cost passive fund.
by cheese_breath
Mon Feb 01, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Giving to vs. saving for charity
Replies: 39
Views: 1927

Re: Giving to vs. saving for charity

Are hospitals still considered charities? At least some are. St Jude is... https://www.stjude.org/about-st-jude/faq/is-my-donation-tax-deductible.html Shriners is... http://shfc.convio.net/site/PageServer?pagename=give_Ways_to_Give My guess is maybe the hospitals might need to be under the jurisdic...
by cheese_breath
Mon Feb 01, 2016 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Giving to vs. saving for charity
Replies: 39
Views: 1927

Re: Giving to vs. saving for charity

Charitable giving is emotionally more powerful than saving. It's amazing how your priorities in life are changed if your giving is part of your first fruits, not just what is left over. Unless you are a long term thinker, like Warren Buffett. Imagine how much more his accumulated wealth will do for...
by cheese_breath
Mon Feb 01, 2016 10:58 am
Forum: Personal Consumer Issues
Topic: Buy a bigger vehicle to grow into?
Replies: 28
Views: 1590

Re: Buy a bigger vehicle to grow into?

I think planning for the future always makes sense.
by cheese_breath
Mon Feb 01, 2016 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Giving to vs. saving for charity
Replies: 39
Views: 1927

Re: Giving to vs. saving for charity

Charitable giving is emotionally more powerful than saving. It's amazing how your priorities in life are changed if your giving is part of your first fruits, not just what is left over. Unless you are a long term thinker, like Warren Buffett. Imagine how much more his accumulated wealth will do for...
by cheese_breath
Mon Feb 01, 2016 10:17 am
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

Rodc wrote:...You could take the new car, refi the car, sell her old car ....

She can't sell the her old car if the deal goes through. It's traded in on the new car...
fognyc wrote:... The out the door total was the car was $25252 (includes $1500 trade in)....
by cheese_breath
Mon Feb 01, 2016 9:41 am
Forum: Forum Issues and Administration
Topic: How do I find a list of all my posts (by date of post)?
Replies: 4
Views: 259

Re: How do I find a list of all my posts (by date of post)?

Go to your Control Panel / Overview tab. Under Front Page click the hi-lited link that says Show your posts.
by cheese_breath
Mon Feb 01, 2016 8:52 am
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

I thought she misunderstood that, was led into that, has little knowledge of finance and also did not have to show pay stubs. Even given all that it's a little hard to believe she didn't know it was dishonest to claim she earned $3500 per month when she only earned $2500. Honesty is the same in any...
by cheese_breath
Sun Jan 31, 2016 8:03 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1423
Views: 271517

Re: What Movie Have You Recently Watched?

Wife and I watched Dark Shadows with Johnny Depp this week. Really dumb, but the kind of dumb you can't stop watching. Watched the whole thing.
by cheese_breath
Sun Jan 31, 2016 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Deductibility of After-Tax Pension Contribution [CalPERS]
Replies: 3
Views: 236

Re: Tax Deductibility of After-Tax Pension Contribution [CalPERS]

I don't know anything about CalPERS, but I can tell you about my experience contributing after tax money to my TIAA-CREF 403B and my GM pension program. In both cases it wasn't deductible when I contributed it, but when I receive it back in retirement payments it's excluded from my taxable income.
by cheese_breath
Sun Jan 31, 2016 10:18 am
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

I hate car dealerships and car salesmen as much as the next guy. But in this case, I don't see what they did wrong. A 59 year old person of sound mind wanted to buy a car, and the dealership sold the person a car. The person wanted a loan and the salesman told them what kind of income was required ...
by cheese_breath
Sun Jan 31, 2016 9:52 am
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

I hate car dealerships and car salesmen as much as the next guy. But in this case, I don't see what they did wrong. A 59 year old person of sound mind wanted to buy a car, and the dealership sold the person a car. The person wanted a loan and the salesman told them what kind of income was required ...
by cheese_breath
Sun Jan 31, 2016 9:49 am
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

... 3. MIL needs to contact the "friend" and tell "friend" GM needs to take the car back, or MIL will tell her employer/"friends" parents their daughter scammed her.... Don't think I'd do this one. It could get her fired. Parents can be very protective of their childre...
by cheese_breath
Sun Jan 31, 2016 9:39 am
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

... I said it's in his best interest to make sure his GM is fully aware of what's at stake if this situation is not rectified on Monday am... Keep the pressure on until it is resolved. This scared kid might be an experienced salesman using the scared kid ploy to get your sympathy or throw you off t...
by cheese_breath
Sun Jan 31, 2016 9:29 am
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

OP, assuming you can get this deal undone MIL is still going to need a car. If they've already disposed of the Pathfinder you need to start thinking about this now. (Yes I know she still has the title, but I wouldn't trust this dealer not to pull some type of shenanigans anyway.) And even if she can...
by cheese_breath
Sat Jan 30, 2016 11:27 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

OldOne wrote:Sue somebody. Sue everybody if necessary. That's the thing to do now days. Blame somebody else.

Yes. Let's blame OldOne. :D :D :D
by cheese_breath
Sat Jan 30, 2016 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Under-estimated my risk tolerance
Replies: 25
Views: 3186

Re: Under-estimated my risk tolerance

What's your wife's risk tolerance? You're both in this together. The 403B eventually has to provide for you both. You need to define an AA you're both comfortable with.
by cheese_breath
Sat Jan 30, 2016 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: Downward trend over?
Replies: 46
Views: 4024

Re: Downward trend over?

Keep the emotions in check and stick to your plan. Too much optimism or too much pessimism can derail good plans.
by cheese_breath
Sat Jan 30, 2016 10:20 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

... I said it's in his best interest to make sure his GM is fully aware of what's at stake if this situation is not rectified on Monday am... Keep the pressure on until it is resolved. This scared kid might be an experienced salesman using the scared kid ploy to get your sympathy or throw you off t...
by cheese_breath
Sat Jan 30, 2016 7:06 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

I thought she misunderstood that, was led into that, has little knowledge of finance and also did not have to show pay stubs. Even given all that it's a little hard to believe she didn't know it was dishonest to claim she earned $3500 per month when she only earned $2500. Honesty is the same in any...
by cheese_breath
Sat Jan 30, 2016 6:53 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

Why could you not simply call the finance company and tell them that MIL only makes xxx $, and the monthly income in the loan application was overstated, and she might have to go again into bankruptcy because of that loan? Not something I'd want to do for reason previously stated... possible MIL co...
by cheese_breath
Sat Jan 30, 2016 6:30 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

OP, I understand now you're in NYC. Is there anyone near MIL you can trust to monitor her financial life to prevent something like this from happening again?
by cheese_breath
Sat Jan 30, 2016 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Giving to vs. saving for charity
Replies: 39
Views: 1927

Re: Giving to vs. saving for charity

Early I was tempted to save to donate later. Then I internalized two things that pushed me to simply donate all I was going to give each year regardless of tax motivation or ability to give "more" later through investing: 1. Charities help people now. Waiting to help people simply to get ...
by cheese_breath
Sat Jan 30, 2016 4:13 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

My mother in law is driving over to the dealer as we speak. I told her to request a conference call with her, my wife, the GM, and myself to work something out.... OH NO!!! Why aren't you going with her? You shouldn't let her go alone. They already hoodwinked her once. Who knows, maybe she'll come ...
by cheese_breath
Sat Jan 30, 2016 4:05 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

Don't forget, she agreed to lie. This doesn't look good for her unless you can demonstrate she wasn't competent to enter into the contract. Other than the comment made in this thread, there is significantly no proof of that... ...During the paperwork.. the sales guy asked her her income per month.....
by cheese_breath
Sat Jan 30, 2016 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: RMD (Required minimum distributions)
Replies: 17
Views: 1471

Re: RMD (Required minimum distributions)

Copernicus wrote:... to decide whether it is better to continue or stop 401k contributions now? ...

Does your employer match your 401K contributions? I'd be willing to put up with higher RMDs if it got me free money in my 401K.
by cheese_breath
Sat Jan 30, 2016 3:37 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

Sounds like possible fraud on the part of the salesman, who knew that her income was $2500/month and instructed her to lie, knew that she lied, and did nothing about it. Suggesting to the general manager of the dealership that you will be looking into the consequences for perpetrating such fraud mi...
by cheese_breath
Sat Jan 30, 2016 3:33 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

My wife tried to speak to the GM 12 hours after her mother drove the car off the lot.. he was not available.. but the salesperson was. Salesperson said he spoke to the GM and GM said there is nothing they can do (of course). MiLaw is fully on board to return and is freaking out now that we are expl...
by cheese_breath
Sat Jan 30, 2016 2:27 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15621

Re: Unwinding day old terrible car deal for mother-in-law

I would also file a complaint with the Honda home office. It may not do any good, but OTOH Honda may not take kindly to the negative publicity that might ensue if you pursue it through legal avenues.
by cheese_breath
Fri Jan 29, 2016 4:50 pm
Forum: Personal Consumer Issues
Topic: How to stop junk mail for a deceased person
Replies: 39
Views: 2380

Re: How to stop junk mail for a deceased person

There can be some good deals... My grandmother died a couple years ago at 98 and every couple months she still gets a coupon for a free pair of panties at Victoria Secrets. My wife takes the coupon and pretends to be my grandmother. I like to joke with her and ask if she is wearing granny underpant...
by cheese_breath
Fri Jan 29, 2016 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Time for another job?
Replies: 10
Views: 1812

Re: Time for another job?

Watty wrote:It never hurts to look. Once you have an offer you can decide if it is worth changing jobs.

+1
Offer or offers.

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