Search found 11061 matches

by dm200
Mon Feb 27, 2017 3:09 pm
Forum: Personal Consumer Issues
Topic: New car or hand down used car to college student?
Replies: 4
Views: 75

Re: New car or hand down used car to college student?

I recently purchased a 2017 Honda Accord LX sedan to replace my 2003 Accord LX V6 sedan (141,000 miles). The 2003 Accord was rear-ended last year (moderate damage to trunk area, but repaired), and the oil pump has a small leak and (according to my trusted independent Honda mechanic) will need to be...
by dm200
Mon Feb 27, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Check Your Beneficiaries!
Replies: 53
Views: 4588

Re: Check Your Beneficiaries!

Let me give an example of "unintended consequences" of dependence on POD/TOD (ot other) beneficiary designations vs. will or truat. Suppose you have three children and have, say for example, $600,000 in accounts that, upon your death, should go to (or be used for the benefit of) children a...
by dm200
Mon Feb 27, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Protecting Aging Parrents - Advice Please
Replies: 25
Views: 2351

Re: Protecting Aging Parrents - Advice Please

He's going along with whoever is sitting in front of him at this moment. This is the scary part. Or, perhaps, whoever calls him on the phone. This started happening to my late father (by phone) and included FedEX or UPS envelopes being delivered and requesting a signature and return by same deliver...
by dm200
Mon Feb 27, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Protecting Aging Parrents - Advice Please
Replies: 25
Views: 2351

Re: Protecting Aging Parrents - Advice Please

Without getting too deeply into medical issues, the actual or preceived "cognitive decline" could be due to something very correctible. Some exemples are: side effects of medications or misuse, interactions of multiple medications, becoming depressed, other undiagnosed health/medical issue...
by dm200
Mon Feb 27, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: To Rent or Buy Townhouse
Replies: 15
Views: 1217

Re: To Rent or Buy Townhouse

Leesbro63 wrote:Shouldn't townhouses appreciate similar to single family houses? Wouldn't supply and demand make that end up about equal?

I think that may depend greatly on the particular area and details.
by dm200
Sun Feb 26, 2017 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: Donor-Advised Fund Providers, low fees/recommendations?
Replies: 7
Views: 428

Re: Donor-Advised Fund Providers, low fees/recommendations?

We have used Fidelty for many years and are very happy.

While Fidelity does have this 0.6% admin fee, their mutual fund expense ratios are low and use of the DAF offers (and has offered) us many, many advantages and benefits. We have considerably les than $100,000.
by dm200
Sun Feb 26, 2017 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Check Your Beneficiaries!
Replies: 53
Views: 4588

Re: Check Your Beneficiaries!

I am in the financial institution business and have some experience, knowledge and information about information required for POD or TOD beneficiaries. It is true that some financial institutions require complete name, address and SSN of all TOD/POD beneficiaries, while others do not have the requir...
by dm200
Sun Feb 26, 2017 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Check Your Beneficiaries!
Replies: 53
Views: 4588

Re: Check Your Beneficiaries!

The last thing I need is for my ex to have a reason to want me dead.


Or even my current spouse! :)
by dm200
Sun Feb 26, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: To Rent or Buy Townhouse
Replies: 15
Views: 1217

Re: To Rent or Buy Townhouse

Two "thoughts":

1. If there is any chance that you will be unhappy in a townhouse (sharing wall with neighbor, etc.), rent first.

2. As long as you believe the location will be satisfactory long term, I suggest you buy.
by dm200
Sun Feb 26, 2017 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: "Tithing" money to your parents?
Replies: 12
Views: 1668

Re: "Tithing" money to your parents?

I'm planning to start gifting $500/month to my parents. Wondering the best way to do this from a tax perspective... Is it possible to somehow deduct this as a Contribution in my taxes? Don't think so, since this is not a donation to a "charity" (as defined in the tax rules). I run a busin...
by dm200
Sun Feb 26, 2017 8:32 am
Forum: Personal Finance (Not Investing)
Topic: How to Split Pension
Replies: 58
Views: 3786

Re: How to Split Pension

Yes - often many options and choices.

As far as I know and understand, once a choice and decision is made, that cannot be changed in the future.
by dm200
Sun Feb 26, 2017 8:06 am
Forum: Investing - Help with Personal Investments
Topic: VFIJX - GNMA Admiral - SEC Yield jumped?
Replies: 16
Views: 900

Re: VFIJX - GNMA Admiral - SEC Yield jumped?

Maybe mortgage holders prepaid more of their mortgages (?). Wouln't that cause the SEC Yield to go down, since the borrowers with the highest rates would be more likely to prepay? . Yeah, I don't know. I was just thinking if prepayments went up, that would show up as more monthly become because GNM...
by dm200
Sat Feb 25, 2017 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: VFIJX - GNMA Admiral - SEC Yield jumped?
Replies: 16
Views: 900

Re: VFIJX - GNMA Admiral - SEC Yield jumped?

Maybe mortgage holders prepaid more of their mortgages (?). Wouln't that cause the SEC Yield to go down, since the borrowers with the highest rates would be more likely to prepay? My conclusion, over the years, with the GNMA fund is that there is some degree of risk, but that the folks running it k...
by dm200
Sat Feb 25, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Delivering a Large Check
Replies: 37
Views: 2698

Re: Delivering a Large Check

I will never send a large bank check ($50,000) by 1st class mail again, even in a bank provided business envelope. This is the only check I have ever lost. I mailed it at a small PO substation in a mall. It took about two months to straighten out, where I closed one account and opened another at a ...
by dm200
Sat Feb 25, 2017 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: VFIJX - GNMA Admiral - SEC Yield jumped?
Replies: 16
Views: 900

Re: VFIJX - GNMA Admiral - SEC Yield jumped?

Vanguard website price history shows Date Price SEC Yield 02/01/2017 $10.51 2.06% 02/24/2017 $10.57 2.83% GNMA funds have not fallen in value, and others are not showing higher SEC yields, such as iShares GNMA Bond ETF (GNMA). Presumably Michael F. Garrett at Wellington has been shifting around the...
by dm200
Sat Feb 25, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Ending a special needs trust.
Replies: 10
Views: 1088

Re: Ending a special needs trust.

Wow!

No expert here, but this is certainly not the way such "special needs trusts" are supposed to work.
by dm200
Sat Feb 25, 2017 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Check Your Beneficiaries!
Replies: 53
Views: 4588

Re: Check Your Beneficiaries!

[... the federal and state tax authorities can come after the beneficiaries of assets that passed outside the will ... You want to name beneficiaries of your life insurance, to protect the proceeds from your creditors. You want to name beneficiaries of your retirement benefits, both to protect the ...
by dm200
Sat Feb 25, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: How to Split Pension
Replies: 58
Views: 3786

Re: How to Split Pension

I see three (at least) risks of a lump sum choice: 1. Asset protection. A pension has more protection from creditors (judgments) than an IRA, for example. A civil judgment (business related) against me took $300,000 from an IRA of mine. [Bad and incorrect advice from an attorney] 2. "Bad" ...
by dm200
Sat Feb 25, 2017 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: "Simple" question about compounding
Replies: 18
Views: 1233

Re: "Simple" question about compounding

Compounding is built on interest, right? If I change from one comparable index fund to another (say, mid-cap to large cap), does the new fund "start over" and lose its compound benefit? (I feel like I need a fifth-grader's explanation) lol Thanks! No, not just interest, but dividends as w...
by dm200
Sat Feb 25, 2017 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: VFIJX - GNMA Admiral - SEC Yield jumped?
Replies: 16
Views: 900

Re: VFIJX - GNMA Admiral - SEC Yield jumped?

I see now it jumped to 2.83%, even while NAV went up as well? Mortgage-backed securities have prepayment risk, and therefore negative convexity . It's incorrect to model them like simple Treasuries. PJW Yes, I know that. Even taking this difference into account, though, the SEC Yield jump in recent...
by dm200
Sat Feb 25, 2017 1:15 pm
Forum: Personal Consumer Issues
Topic: mom wants smart phone, are there classes on how to use?
Replies: 37
Views: 1759

Re: mom wants smart phone, are there classes on how to use?

My wife went to a free session by the County Senior Dept of Recreation group to help her understand and use her Kindle. Check with local jurisdiction, seniors programs. Also, the County Library has similar programs (my wife as used them also).
by dm200
Sat Feb 25, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: "Borrow" $5500 from Emergency Fund to Qualify for Vanguard Admiral?
Replies: 31
Views: 3468

Re: "Borrow" $5500 from Emergency Fund to Qualify for Vanguard Admiral?

$5,500 of your emergency fund (especially if you replenish it over time) is not a big deal, in your situation.

There are benefits and I would "just do it"!!
by dm200
Sat Feb 25, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Open vanguard CD Order
Replies: 29
Views: 1554

Re: Open vanguard CD Order

Another question on the Vanguard brokerage account- I have a mutual fund account with Vanguard with balance over 10K. I am thinking of upgrading it to the brokerage account which allows me an access to a broad range of investment products. Is there anything on the negative side for opening this acc...
by dm200
Sat Feb 25, 2017 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: VFIJX - GNMA Admiral - SEC Yield jumped?
Replies: 16
Views: 900

Re: VFIJX - GNMA Admiral - SEC Yield jumped?

I see now it jumped to 2.83%, even while NAV went up as well?
by dm200
Sat Feb 25, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting Aging Parrents - Advice Please
Replies: 25
Views: 2351

Re: Protecting Aging Parrents - Advice Please

starting to have cognitive decline. He's still independent and semi-retired working a few days a week for the former employer.


Curious that he is still able to "work" with the cognitive decline. Maybe the employer could be cooperative and of some assistance?
by dm200
Sat Feb 25, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting Aging Parrents - Advice Please
Replies: 25
Views: 2351

Re: Protecting Aging Parrents - Advice Please

Difficult (and risky) situation! He needs to be kept away from such "salesmen". Screen (or have someone screen) the mail and telephone solicitations. Watch especially deliveries via Fedex or UPS (not US mail) because fraudsters use thos services to avoid violating use of the US mail. Maybe...
by dm200
Sat Feb 25, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: $200 Emergency Visit Copay Waiver?
Replies: 35
Views: 2272

Re: $200 Emergency Visit Copay Waiver?

I was actually at a CMS meeting where this confusing topic was brought up. A doctor asked "how do we determine if a patient should be assigned to inpatient or outpatient status when, either way, they can spend a few nights in the hospital and receive the same care?" The brilliant governme...
by dm200
Sat Feb 25, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Check Your Beneficiaries!
Replies: 53
Views: 4588

Re: Check Your Beneficiaries!

I do not know the exact reason(s), but perhaps banks and credit unions may not allow POD designations on checking accounts because of particilar rules/practices relating to the honoring of checks written by the deceased owner for a certain number of days after the owner's death. Be aware also that m...
by dm200
Fri Feb 24, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Check Your Beneficiaries!
Replies: 53
Views: 4588

Re: Check Your Beneficiaries!

nisiprius wrote:For many people, the designation of beneficiaries might be more important than their will. It might control the disposition of larger, even much larger amounts of money.


Beneficiary designations always (I am not aware of any exceptions) takes priority over the will.
by dm200
Fri Feb 24, 2017 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Check Your Beneficiaries!
Replies: 53
Views: 4588

Re: Check Your Beneficiaries!

This is good advice. A couple years ago I stumble across the fact that my 401k still named my ex-fiance as my beneficiary. That would've been unfortunate . Yes! [An understatement, depending on the amounts] It seems to me that any accounts where notices or periodic statements, etc. are issued shoul...
by dm200
Fri Feb 24, 2017 5:00 pm
Forum: Personal Consumer Issues
Topic: Hearing Aid Benefits
Replies: 19
Views: 976

Re: Hearing Aid Benefits

My brother is a very dedicated public high school teacher, teaching in a low income area. He's also hearing impaired and wears expensive hearing aids. It's time for his hearing aids to be upgraded to stronger units and they are very expensive and not covered by his insurance. Are any of you aware o...
by dm200
Fri Feb 24, 2017 4:58 pm
Forum: Personal Consumer Issues
Topic: Hearing Aid Benefits
Replies: 19
Views: 976

Re: Hearing Aid Benefits

A friend of ours has a significant hearing problem (both ears) and she is a retired high school teacher.

She has told me that in evaluating hearing aids, it is vital that anything she gets or tries must have a no cost return policy within a week or so.
by dm200
Fri Feb 24, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: free credit reports
Replies: 12
Views: 910

Re: free credit reports

I do credit karma and Discover.
by dm200
Fri Feb 24, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Buying my own life, disability, & unemployment insurance?
Replies: 7
Views: 467

Re: Buying my own life, disability, & unemployment insurance?

While not really inexpensive, most credit unions offer life and disability insurance on loans. If you do not have such insurance, this can often be very helpful.
by dm200
Fri Feb 24, 2017 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Confirming reliable online banks for CDs
Replies: 7
Views: 465

Re: Confirming reliable online banks for CDs

Yes - consider credit unions, but independently verify NCUA insured at www.ncua.gov

Just my opinion, but I place little credibility in these rating service "stars", etc.
by dm200
Fri Feb 24, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: VFIJX - GNMA Admiral - SEC Yield jumped?
Replies: 16
Views: 900

VFIJX - GNMA Admiral - SEC Yield jumped?

While it not a big deal for me, it seems a bit puzzling that the GNMA fund (VFIJX) SEC yield jumped to 2.70% from the low 2.00% range in just a few weeks, but the NAV has been fairly stable (and even went up yesterday). This doesn't seem to make sense. Any ideas what has been going on inside the fund?
by dm200
Fri Feb 24, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: How to help a friendly business with office space?
Replies: 23
Views: 1274

Re: How to help a friendly business with office space?

That's one of the downsides of leasing/renting in general as your rates might go up each year. I've never signed a lease for less than three years. If your rates are going up every year, get a longer lease. In many markets it is not unusual for long term leases to have built-in escalators. I was in...
by dm200
Fri Feb 24, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Home Mortgage
Replies: 5
Views: 434

Re: Home Mortgage

I am trying first internet bank and bethpage credit union for a 30 year fixed Just wanted to go with best bank at best rate I know big banks like wells fargo dont offer best deals-- any advice on which banks are most reliable with best rates? I lean towards credit unions. Others may disagree, but I...
by dm200
Fri Feb 24, 2017 9:20 am
Forum: Personal Finance (Not Investing)
Topic: $200 Emergency Visit Copay Waiver?
Replies: 35
Views: 2272

Re: $200 Emergency Visit Copay Waiver?

We use the term admitted loosely in the hospital for anyone who is being kept at least overnight. However, there is a completely different meaning to the billing people. Indeed "we" do! :confused I hope the medical care is not as "loose". "Urgent Care" facilities somet...
by dm200
Fri Feb 24, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Ethical dilemma involving birthdays and wine..
Replies: 35
Views: 3437

Re: Ethical dilemma involving birthdays and wine..

This is not an ethical dilemma or a hard problem! Your wife is exactly right. Just send him a short note thanking him for the monthly wine delivery. He'll understand it or he won't. In either case you've done your duty. If he follows up by calling you simply and politely decline saying you are happ...
by dm200
Thu Feb 23, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: How to Split Pension
Replies: 58
Views: 3786

Re: How to Split Pension

That sounds like a good idea -- take the maximum amount and put $500/month into our investment portfolio at Vanguard. We really don't need the extra money right now to live on -- we can pretty much live off her Social Security benefits and I'm planning on working for at least several more years. As...
by dm200
Thu Feb 23, 2017 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Stay in cash until rates rise?
Replies: 27
Views: 2403

Re: Stay in cash until rates rise?

This is true for brokered CDs, but not so true for direct CDs with low EWPs, as I've explained. A good direct CD does not eliminate term risk, but it significantly reduces it, since term risk is limited to the EWP. By contrast, a brokered CD has the same term risk as a bond of the same maturity, wh...
by dm200
Thu Feb 23, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Wife discoverd UTMA account; Never received 1099s; Parents want it back
Replies: 21
Views: 2281

Re: Wife discoverd UTMA account; Never received 1099s; Parents want it back

Whichever parent is acting as custodian has full control over the assets if it is a UTMA account. They should be able to liquidate them all and transfer the cash into their own personal account. That parent does have a fiduciary responsibility to your wife to use the assets for her benefit but that...
by dm200
Thu Feb 23, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Wife discoverd UTMA account; Never received 1099s; Parents want it back
Replies: 21
Views: 2281

Re: Wife discoverd UTMA account; Never received 1099s; Parents want it back

DM200, It appears that the parents probably attempted to close the accounts and receive a check in their own names which the firm would not honor because the assets are the property of the original child/beneficiary. I wouldn't think they'd have a problem if they asked to have the funds paid to the...
by dm200
Thu Feb 23, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: $200 Emergency Visit Copay Waiver?
Replies: 35
Views: 2272

Re: $200 Emergency Visit Copay Waiver?

As I recall, the distinction of the patient being billed for an emergency room visit was intended to provide a financial "incentive" to avoid the emergency room for conditions that did not justify use of an expensive facility. The idea of "waiving" the ER charge if admitted was t...
by dm200
Thu Feb 23, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Stay in cash until rates rise?
Replies: 27
Views: 2403

Re: Stay in cash until rates rise?

Since bond funds decrease in value rather quickly when the fed raises rates... As pointed out by others, your question assumes facts that are not necessarily true. What is the basis for your statement that bond funds will decrease in value "rather quickly?" I agree. Perhaps it would be mo...
by dm200
Thu Feb 23, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Honda: buy new or used?
Replies: 29
Views: 1352

Re: Honda: buy new or used?

fishmonger wrote:I ran into the same situation with Toyota. Buy new. Even though they're bulletproof, the warranty alone is worth a couple thousand dollars


I suspect that, if you can find one, a "new" 2016 would have the full warranty.
by dm200
Thu Feb 23, 2017 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Stay in cash until rates rise?
Replies: 27
Views: 2403

Re: Stay in cash until rates rise?

If you worry about rate increases this much consider cds instead for some of your fixed income allocation. The answers you'll get are what you expect re market timing and not to do that. Holding CDs, in my opinion, does not eliminate the risk of increasing rates. You have lost the "opportunity...
by dm200
Thu Feb 23, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: $200 Emergency Visit Copay Waiver?
Replies: 35
Views: 2272

Re: $200 Emergency Visit Copay Waiver?

Billing said that while it seems we were admitted, and we were told we were admitted, it doesn't really count as an admission for insurance billing purposes and we will thus owe the $200 From the many "horror stories" I read like this, aparently "being admitted" to a hospital wh...
by dm200
Thu Feb 23, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Wife discoverd UTMA account; Never received 1099s; Parents want it back
Replies: 21
Views: 2281

Re: Wife discoverd UTMA account; Never received 1099s; Parents want it back

So over the holiday break, my inlaws wanted me to go through some of their financials so they can plan to retire in a few years. Then own a business which they will sell when they retire and most of their savings is just in the bank. I suggested they hire an advisor to manage that cash and they sai...

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