Search found 9231 matches

by dm200
Sat Jul 23, 2016 8:10 am
Forum: Investing - Help with Personal Investments
Topic: Help with leaving employment - rollover pension or leave it?
Replies: 19
Views: 832

Re: Help with leaving employment - rollover pension or leave it?

I would leave it, probably opt for survivor benefit. An IRA can be spent unwisely, on some occasions can be taken by legal judgment (happened to me) and, perhaps, some other advantages.
by dm200
Fri Jul 22, 2016 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Check Fraud
Replies: 19
Views: 1736

Re: Check Fraud

While the "letter" of the law and regulation is still that the written amount overrides the numbers, banks and credit union have become so automated that this is often overlooked. The same for verifying signatures. You were actually fortunate that the bank caught this at all. While I can u...
by dm200
Fri Jul 22, 2016 9:43 am
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 115
Views: 9806

Re: Concierge medicine Worth It????

This is what we get when we give control to the government. http://www.kevinmd.com/blog/2015/02/sad ... l-use.html Thanks .. very interesting view on aspects of computerization of medical records. Some of this "automation" can lead to odd and/or conflicting information/treatments. Without...
by dm200
Fri Jul 22, 2016 9:21 am
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 115
Views: 9806

Re: Concierge medicine Worth It????

Interesting. I live in Seattle and have been a patient of a Kaiser-like model for over 30 years. It is called Group Health. It has an extensive presence in the Northwest. A few months ago we heard that Kaiser will be taking it over. I guess it is hard to make it as a HMO. I'm glad to hear you are h...
by dm200
Thu Jul 21, 2016 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone had a POA rejected? [Power of Attorney]
Replies: 25
Views: 1351

Re: Anyone had a POA rejected?

It was/is common that financial institutions, brokers, etc. required their own forms for POA and/or would reject POAs as being "too old". In many (perhaps most) states that changed a few years ago. [Powers of Attorney are governed by state law] In Virginia, for example, a financial instit...
by dm200
Thu Jul 21, 2016 6:39 pm
Forum: Personal Consumer Issues
Topic: Price Limit on Used Car from Private Party
Replies: 10
Views: 625

Re: Price Limit on Used Car from Private Party

What I would also do, if you are not acquainted with the seller, is verify that he/she is telling the truth about the car; that is, if the seller claims to be the "original owner", you should be able to see documentation (such as the date the title was issued) of that alleged fact.
by dm200
Thu Jul 21, 2016 6:34 pm
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 115
Views: 9806

Re: Concierge medicine Worth It????

Interesting. I live in Seattle and have been a patient of a Kaiser-like model for over 30 years. It is called Group Health. It has an extensive presence in the Northwest. A few months ago we heard that Kaiser will be taking it over. I guess it is hard to make it as a HMO. I'm glad to hear you are h...
by dm200
Thu Jul 21, 2016 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone had a POA rejected? [Power of Attorney]
Replies: 25
Views: 1351

Re: Anyone had a POA rejected?

It was/is common that financial institutions, brokers, etc. required their own forms for POA and/or would reject POAs as being "too old". In many (perhaps most) states that changed a few years ago. [Powers of Attorney are governed by state law] In Virginia, for example, a financial institu...
by dm200
Thu Jul 21, 2016 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage broker prohibiting me from refinancing
Replies: 18
Views: 2049

Re: Mortgage broker prohibiting me from refinancing

You're right, I do not want to do business with the broker again (it wasn't the best experience to begin with anyway). I wouldn't mind staying with the lender, but if they don't want to keep me, that's fine. There are a lot of lenders out there. I'm more concerned with the broker having told me I w...
by dm200
Thu Jul 21, 2016 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Should IRA lose money?
Replies: 30
Views: 1621

Re: Should IRA lose money?

As many have posted, an IRA describes attributes and tax treatment of the funds in that IRA. The investments inside can be very, very safe OR very, very risky. You make those choices. If you want to have very, very low (perhaps zero) risk - then one choice would be to open an IRA at a federally insu...
by dm200
Thu Jul 21, 2016 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Credit Union Help!
Replies: 8
Views: 663

Re: Credit Union Help!

Would like some advice regarding a loan. Have never taken out a loan before, except for our mortgage. We recently purchased a new car and had to finance through Nissan to get the $1750 discount. Now the loan is at 4.4% and just made my first payment. Spoke to them and there is no pre-payment penalt...
by dm200
Thu Jul 21, 2016 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage broker prohibiting me from refinancing
Replies: 18
Views: 2049

Re: Mortgage broker prohibiting me from refinancing

I did contact my current lender, and they will not allow me to refinance directly with them for the 6-month period. The customer service rep told me I was free to refinance with a different lender due to the no-prepayment-penalty. It makes sense that the broker might not be happy, and I guess he wo...
by dm200
Wed Jul 20, 2016 4:52 pm
Forum: Personal Consumer Issues
Topic: Bermuda cruise
Replies: 21
Views: 1571

Re: Bermuda cruise

I went on this exact cruise a couple years back and on the way to Bermuda they closed the outdoor areas because of rough seas. I assume it was because of the time of year (April) but it was an adventure. People were dropping like flies from seasickness and the shows and bars were deserted because p...
by dm200
Wed Jul 20, 2016 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage broker prohibiting me from refinancing
Replies: 18
Views: 2049

Re: Mortgage broker prohibiting me from refinancing

Why don't you go to a direct mortgage lender (such as a credit union) and see about refinancing. They would be able (without bias) to tell you if there are any paybacks required and why.
by dm200
Wed Jul 20, 2016 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Joint Term Life Insurance
Replies: 12
Views: 720

Re: Joint Term Life Insurance

It has been a long time, but I once looked into these. What I recall is that they are not that common and somewhat of a specialized offering. The theory is that if you need/want to insure on the life (death) of only one of two people, then that ought to be less risky/expensive for the insurance comp...
by dm200
Tue Jul 19, 2016 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement for Women(?)
Replies: 19
Views: 1408

Re: Retirement for Women(?)

Do you have a source for that fact? Does it factor in the fact that women (on average) earn less than men? No, it does not take any differences in earnings between women and men into account. That is why I highlighted that this is if all other factors are equal. The source is that Social Security m...
by dm200
Tue Jul 19, 2016 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement for Women(?)
Replies: 19
Views: 1408

Re: Retirement for Women(?)

There are many aspects to the topic of "retirement for women". Here are, in my opinion, two (of many) factors: 1. Life expectancy has increased for BOTH men and women. So, the impact of increased life expectancy does not only affect women. 2. In part because of the statutory and regulatory...
by dm200
Tue Jul 19, 2016 9:35 am
Forum: Personal Consumer Issues
Topic: Bermuda cruise
Replies: 21
Views: 1571

Re: Bermuda cruise

The beaches on the south side are wonderful. Pink sand (coral), clean water. I agree public transportation is good. On our second cruise there, my wife easily figured it out and it saved $ over taking a taxi. Children might actually like taking the bus. With 4, though, it might not save much over a ...
by dm200
Mon Jul 18, 2016 8:58 pm
Forum: Personal Consumer Issues
Topic: Bermuda cruise
Replies: 21
Views: 1571

Re: Bermuda cruise

What is the sleeping arrangement for the 4 of you? How old are the kids? When we tried to get 4 of us into a single cabin, one kid would have had to sleep on a pulldown bed hanging from the wall over the parents' bed. That was a " no go" for us for several reasons. Fortunately, we were tr...
by dm200
Mon Jul 18, 2016 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Dividing large sum among several banks - mechanics
Replies: 11
Views: 747

Re: Dividing large sum among several banks - mechanics

FYI Found this at Capital One site. (I Use CapOne 360 checking and money market) "Deposits are insured by the FDIC for up to $250,000 per depositor. A single account is insured up to $250,000. Joint accounts are 50/50 ownership and insured up to $250,000 for each individual on the account, equ...
by dm200
Mon Jul 18, 2016 1:11 pm
Forum: Personal Consumer Issues
Topic: Traveling to DC
Replies: 32
Views: 1633

Re: Traveling to DC

I have an unexpected trip to DC this week and was wondering if anyone has any recommendations for sites to see and places to eat with little lead time as far as a reservation. I'll be staying in Bethesda, but I think I can take the metro right in on the Red line? Thanks! The Washington Nationals ba...
by dm200
Mon Jul 18, 2016 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan [disposition in case of death?]
Replies: 7
Views: 440

Re: Student Loan [disposition in case of death?]

I think they expire with you! One "positive" thing about dying I suppose!? :) While individual debts are not "inherited" by those who are not parties to the obligations, the assets of the deceased are (or may be) subject to claims of creditors. I don't know the specifics of &quo...
by dm200
Mon Jul 18, 2016 12:46 pm
Forum: Personal Consumer Issues
Topic: Bermuda cruise
Replies: 21
Views: 1571

Re: Bermuda cruise

Is this a good plan? Plan: Aug 2 Adults 2 Children 7-Day Boston to Bermuda Norwegian Dawn Royal Naval Dockyard, Bermuda Inside room https://www.ncl.com/cruises/7-Day-Bermuda,-Round-trip-Boston?itineraryCode=DAWN7BOSWRFBOS As you already see, opinions differ. We went to Bermuda twice on cruises - on...
by dm200
Mon Jul 18, 2016 8:51 am
Forum: Investing - Help with Personal Investments
Topic: alternate to 5-year CD
Replies: 2
Views: 587

Re: alternate to 5-year CD

Last year, I purchased (for an organization I manage part-time) a 5 year brokered CD at 2.40%. The 5 year rate from a local credit union was 2.00%. The local credit union still offers 2.00%, while brokered CDs are about 1.75%.
by dm200
Fri Jul 15, 2016 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Due I need medical auto insurance-I have Medicare?
Replies: 9
Views: 786

Re: Due I need medical auto insurance-I have Medicare?

Spoke with my State Farm agent today. She thought that since I have Medicare & a secondary health insurer, I should consider dropping my "medical payments" in my auto policy. Also,since I have a 2003 Honda Accord with 124,000 miles, I should probably drop collision coverage as well. S...
by dm200
Fri Jul 15, 2016 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: I created dependency, now what?
Replies: 50
Views: 5330

Re: I created dependency, now what?

This hardly, in my opinion, seems to be a case of actually, in the bad sense, creating this dependency. It sounds as though you have improved their living standards. One apparent benefit is improved education of the two children. Maybe communicate, based on the age and educational situation of the c...
by dm200
Fri Jul 15, 2016 5:43 pm
Forum: Personal Consumer Issues
Topic: Any foresters out there
Replies: 9
Views: 1904

Re: Any foresters out there

Could you find someone who, for taking the wood, cut them at ground level and clear away all the brush?
by dm200
Fri Jul 15, 2016 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Loan Interest Rate
Replies: 10
Views: 822

Re: Personal Loan Interest Rate

Simple interest is how most car loans work, x% is added up front and the payments divided over the whole period. This is, today, absolutely 100% wrong. It may have been done this way, by some lenders, 40 or 50 years ago, but not today. I don't know where you got this very incorrect information, but...
by dm200
Fri Jul 15, 2016 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving money as a legacy after death
Replies: 15
Views: 1030

Re: Leaving money as a legacy after death

This happened to a friend of mine who was the executor of the decedent's estate. The clergy sued to get their "cut" before tax and estate expenses were paid, held up the settlement of the estate, and ultimately lost in court, and had to settle for their share AFTER estate expenses and tax...
by dm200
Fri Jul 15, 2016 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Investing down payment for car
Replies: 37
Views: 1826

Re: Investing down payment for car

Another approach:

Since new car loans have very low interest rates, you could take this down payment money and invest for the long term. Then, when you get a new car, get a new car loan.
by dm200
Fri Jul 15, 2016 3:14 pm
Forum: Personal Consumer Issues
Topic: Used car - when different model years are the same car?
Replies: 11
Views: 755

Re: Used car - when different model years are the same car?

They are called "generations" and each generation spans several years. It's wise to avoid the 1st year of a new generation, as there are likely to be some bugs that show up and then get fixed in the succeeding years, before the next generation. Within a generation, there may be small chan...
by dm200
Fri Jul 15, 2016 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving money as a legacy after death
Replies: 15
Views: 1030

Re: Leaving money as a legacy after death

It was my late father's intention to leave a not insignificant amount in his will to a religious based entity/charity. Can't recall the specifics, but something like, say, "25% of the value of his estate". The attorney who was drafting his will suggested that he not do this because the &qu...
by dm200
Fri Jul 15, 2016 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Loan Interest Rate
Replies: 10
Views: 822

Re: Personal Loan Interest Rate

I have a loan interest rate question: My son wants to borrow $50K over a 6 year term from me for use in his successful business. This will benefit both of us; me because I can get a higher rate than putting the money in the bank or bonds (safe investments). He is good as gold for re-paying the loan...
by dm200
Fri Jul 15, 2016 1:34 pm
Forum: Personal Consumer Issues
Topic: Used car - when different model years are the same car?
Replies: 11
Views: 755

Re: Used car - when different model years are the same car?

This is where the "market for lemons" comes in. People hold on to the cream puffs and try to sell the rust buckets for "average" prices. True indeed! Trick is to find the "cream puffs" when they become available. A friend of ours has a low mileage, original owner, 1999...
by dm200
Fri Jul 15, 2016 9:28 am
Forum: Personal Consumer Issues
Topic: What to do with old car?
Replies: 10
Views: 936

Re: What to do with old car?

GUMD wrote:I have an very old Chrysler which just finally died. It is worth absolutely nothing. What are my options? I was thinking about donating it to a charity, I think they'll come get it for scrap parts. Thoughts?


Call one of the charities that pick up such vehicles as a donation.
by dm200
Fri Jul 15, 2016 8:44 am
Forum: Personal Consumer Issues
Topic: Used car - when different model years are the same car?
Replies: 11
Views: 755

Used car - when different model years are the same car?

When evaluating a car purchase, it is often the case that different model years of a model are the same (or nearly the same) vehicle. it is also the case that the later the model year, the higher the price (mileage and conditon beinbg equal). Does that mean, then, that you might get nearly the same ...
by dm200
Fri Jul 15, 2016 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Inheriting Parents' Financial Mess / Debts
Replies: 35
Views: 2918

Re: Avoiding Inheriting Parents' Financial Mess / Debts

At one time, children inherited debts from parents. Thomas Jefferson did. After we left English rule after the Revolution, we changed that. You do not inherit debt. Creditors have (or may have) a claim against assets of the deceased - so that it might appear to be "taking" assets from chil...
by dm200
Thu Jul 14, 2016 6:00 pm
Forum: Personal Consumer Issues
Topic: Electric Bills Killing Me from AC. Need Advice. [Air Conditioner]
Replies: 81
Views: 6046

Re: Electric Bills Killing Me from AC. Need Advice.

Maybe just get a window unit for the bedroom.
by dm200
Thu Jul 14, 2016 5:46 pm
Forum: Personal Consumer Issues
Topic: Electric Bills Killing Me from AC. Need Advice. [Air Conditioner]
Replies: 81
Views: 6046

Re: Electric Bills Killing Me from AC. Need Advice.

On the thermostat, how is the fan setting? Does the fan only run when the air conditioning is running? If so, there is probably a setting so that the fan runs all the time. Setting the fan to run all the time may help keep the whole house cool. Unblock the vents so that air circulates throughout the...
by dm200
Thu Jul 14, 2016 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Having both kids and a charity as beneficiaries on an IRA.....
Replies: 14
Views: 719

Re: Having both kids and a charity as beneficiaries on an IRA.....

I would NOT mix a charity with individuals as beneficiaries on the same IRA. Among other reasons, some "charities" (could be a religious organization) could tie things up and sometimes are not very "charitable" about the way they do things.
by dm200
Thu Jul 14, 2016 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Best Place to Get Car Loan
Replies: 10
Views: 610

Re: Best Place to Get Car Loan

Check out a credit union or credit unions.
by dm200
Thu Jul 14, 2016 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Boss cutting salary in response to employee not doing "job"
Replies: 78
Views: 8575

Re: Boss cutting salary in response to employee not doing "job"

An actual employment "contract" would (to me) seem very unusual for the position described. From what is descrbed (a very, very small company and office), I would doubt whether being assigned personal duties for the boss is anything that would bear any results in suing or filing complaints...
by dm200
Thu Jul 14, 2016 10:53 am
Forum: Personal Finance (Not Investing)
Topic: taking back a mortgage
Replies: 27
Views: 2585

Re: taking back a mortgage

The benefit to the seller when owner financing is not the interest rate on the mortgage. The benefit to the seller is his yield. A big part of his yield is in the discount, the difference in what he sells it for and what he paid for it. Lets say the seller originally paid $75k for the house and sel...
by dm200
Thu Jul 14, 2016 9:45 am
Forum: Personal Consumer Issues
Topic: Car totaled, no collision insurance
Replies: 52
Views: 3753

Re: Car totaled, no collision insurance

I figured if the insurance company was making money, I was better off insuring myself. You, apparently, made a conscious, informed decision to drop collision and comprehensive coverage on this car. You pocketed the savings on this insurance. Now, you seem to be "surprised" (or complaining...
by dm200
Thu Jul 14, 2016 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Goldman Sachs is now offering CDs!
Replies: 12
Views: 2659

Re: Goldman Sachs is now offering CDs!

They already had brokered CDs, frequently at competitive rates. After buying up GE Capital's retail banking, now they offer the usual savings accounts, direct bank CDs, and the like (but not checking accounts yet). But CDs in general are not new for them. I have been buying Goldman Sachs Brokered C...
by dm200
Wed Jul 13, 2016 10:04 am
Forum: Personal Finance (Not Investing)
Topic: taking back a mortgage
Replies: 27
Views: 2585

Re: taking back a mortgage

I have a property that my current renter may wish to buy. Not sure whether he can qualify for conventional financing. He is foreign technical worker here on an H1-B visa Software developer. Good people. Nice young family. Should he be interested I might be willing to take back a note. Hopefully he ...
by dm200
Tue Jul 12, 2016 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: convert mutual fund to index fund
Replies: 15
Views: 1163

Re: convert mutual fund to index fund

I have been considering to convert my investments over to index funds instead of continuing in mutual funds Your statement contains an inaccuracy and/or misunderstanding. An "index fund" is one type of mutual fund. Even if you choose to move to an "index fund", it will still be ...
by dm200
Mon Jul 11, 2016 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have any retiree healthcare benefit from your employer?
Replies: 76
Views: 3656

Re: Do you have any retiree healthcare benefit from your employer?

Such benefits were once common for large corporate retirees; now, such benefits in the private sector are rare.

Retirees from the public sector commonly receive such benefits. Federal government retirees receive such benefits. viewtopic.php?f=2&t=192832
by dm200
Mon Jul 11, 2016 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: I was "converted" to Federal MM settlement fund
Replies: 4
Views: 468

Re: I was "converted" to Federal MM settlement fund

I received a notice on my corporate account that I had to convert from Prime MM to one of several MMs approved for corporate, and I chose Federal. The notice said that Vanguard would make the conversion if I didn't. No problems with my personal accounts (although I don't have any MM in any of them)...
by dm200
Mon Jul 11, 2016 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: I was "converted" to Federal MM settlement fund
Replies: 4
Views: 468

Re: I was "converted" to Federal MM settlement fund

How does VG know enough about your "organization" to make such a judgement call? I assume that the prohibition applies to all "non-person" accounts. We are actually happier to hold the Federal MM and once did (as the settlement fund) until Vanguard restricted the Federal MM fund...

Go to advanced search