Search found 10090 matches

by dm200
Fri Dec 02, 2016 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: "High risk colonoscopy", cost shift. Any recourse?
Replies: 19
Views: 2361

Re: "High risk colonoscopy", cost shift. Any recourse?

For reasons of "family history", I have had the various progressions of such screening - beginning with the old sigmoidoscope to flex sig to colonoscopy every 4-5 years for many decades, with many different types of insurance. I do not recall having to pay a large fee. Several times there ...
by dm200
Fri Dec 02, 2016 12:55 pm
Forum: Personal Consumer Issues
Topic: Logistics of getting a new car when moving across country
Replies: 16
Views: 490

Re: Logistics of getting a new car when moving across country

However, that now seems problematic, as in order to register the car in Texas, I would need a Texas driver's license, which requires two documents indicating that I am a current resident (e.g., bank bills to a Texas address; I strongly suspect there are legitimate ways to buy the car there immediat...
by dm200
Fri Dec 02, 2016 10:23 am
Forum: Personal Consumer Issues
Topic: Anything new about how to buy a new car I should know?
Replies: 14
Views: 607

Re: Anything new about how to buy a new car I should know?

With the email bomb, be sure to ask what the doc fee is. You will get different numbers. Especially across state lines where a state might dictate a maximum doc fee. But you certainly boiled it down to what matters. The names of these fees sometimes are different and change (perhaps to confuse cust...
by dm200
Fri Dec 02, 2016 9:53 am
Forum: Personal Consumer Issues
Topic: Anything new about how to buy a new car I should know?
Replies: 14
Views: 607

Re: Anything new about how to buy a new car I should know?

In my opinion, observations and experience - the most expensive mistakes car buyers make are falling for the very expensive (and profitable) add-ons. These include extended warranties, maintenance packages, GAP Insurance on loan, "processing fees", paint protection, etc. I recently saw an ...
by dm200
Thu Dec 01, 2016 8:15 pm
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 5882

Re: Should I buy a new car for safety's sake?

It amazes me how many people today drive vehicles that do not have turn signals. what's a turn signal? It is the thing you use to tell the people in the other lane to speed up so that you can't complete your lane change . It is also the "thing" that elderly drivers (in some places) NEVER ...
by dm200
Thu Dec 01, 2016 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: ssi and special needs fund
Replies: 6
Views: 393

Re: ssi and special needs fund

I just wanted to thank everyone for their replies. It turned out that I spoke to my attorney and he stated that I should be eligible for ssdi - not ssi. Therefore, there should be no worries about any money in an inherited IRA. However, if it was ssi, I would probably do what FrugalInvester suggest...
by dm200
Thu Dec 01, 2016 5:53 pm
Forum: Personal Consumer Issues
Topic: Covered by two health insurance policies....
Replies: 11
Views: 545

Re: Covered by two health insurance policies....

I currently have a high deductible health insurance plan through my employer. My employer pays 90% of the premium and I pay 10% with a $3,000 deductible. In 2017, I might need to have some minor procedures done, so I enrolled in health insurance through my husband's employer. The plan offered by hi...
by dm200
Thu Dec 01, 2016 5:44 pm
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 5882

Re: Should I buy a new car for safety's sake?

bengal22 wrote:It amazes me how many people today drive vehicles that do not have turn signals.

What?
There are almost none on the road today that do not HAVE turn signals. The problem is that the drivers do not use them.
by dm200
Thu Dec 01, 2016 1:30 pm
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 5882

Re: Should I buy a new car for safety's sake?

I'm late to the party but I think watching these two short crash videos do a great job of showing the difference between a modern car and an older model. This one is a few years old: 1959 Checy BelAir (BUILT LIKE A TANK!) vs 2009 Malibu https://www.youtube.com/watch?v=joMK1WZjP7g Wow! I actually re...
by dm200
Thu Dec 01, 2016 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating New Car Purchase
Replies: 34
Views: 3440

Re: Negotiating New Car Purchase

I've never understood why buying a car is so complicated. I sometimes wish I could just look online at a car manufacturer's website, configure my car, get a price and order the car to be delivered to my door. For legal and/or regulatory and/or other reasons, (almost) all vehicles in the US are sold...
by dm200
Thu Dec 01, 2016 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: How to deposit a large check long distance?
Replies: 30
Views: 3198

Re: How to deposit a large check long distance?

Jack FFR1846 wrote:Find a local bank with a bonus for opening an account. I've opened 2 lately....$100 for the first one, $150 for the second. Deposit the check. ACH it to your credit union.


Or a local (or local branch of) a credit union. There are some excellent ones in NC.
by dm200
Wed Nov 30, 2016 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: ssi and special needs fund
Replies: 6
Views: 393

Re: ssi and special needs fund

I have a question. I got medically approved for ssi but still need to go in for an end interview to determine my assets and finances. I have around 9,700 in an inherited IRA. I'm afraid that the interviewer for ssi may think I have too much assets to qualify - therefore my question is - Is there an...
by dm200
Wed Nov 30, 2016 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: ssi and special needs fund
Replies: 6
Views: 393

Re: ssi and special needs fund

I have a question. I got medically approved for ssi but still need to go in for an end interview to determine my assets and finances. I have around 9,700 in an inherited IRA. I'm afraid that the interviewer for ssi may think I have too much assets to qualify - therefore my question is - Is there an...
by dm200
Wed Nov 30, 2016 7:09 pm
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 5882

Re: Should I buy a new car for safety's sake?

I often find myself pondering why we spend so much time developing sophisticated safety technologies like "lane drift" sensors, when we won't consider one of the simplest safety devices-a cellphone jammer that turns on whenever the car is in motion. I'd PAY for one of those in my teen dau...
by dm200
Wed Nov 30, 2016 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating New Car Purchase
Replies: 34
Views: 3440

Re: Negotiating New Car Purchase

1. Go to Edmunds.com or kelley Blue Book to research dealer cost of vehicle. If you don't know much about cars, go to Consumer Reports (they don't know much about cars, either, but they mean well and their numbers are more or less in the ballpark). 2. Go to dealership, pick out car, offer this pric...
by dm200
Wed Nov 30, 2016 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: When to use a trust vs a will?
Replies: 8
Views: 828

Re: When to use a trust vs a will?

So why would one choose a trust over a will? I am not a lawyer. I don't play one on TV. And, I don't know if any of what I was told about trusts vs. wills is true. That said - they have a will. The government wrote one for them. If they don't want their estate to be divided IAW the government's wis...
by dm200
Wed Nov 30, 2016 12:16 pm
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 5882

Re: Should I buy a new car for safety's sake?

What I have not seen in this discussion are objective numbers or percentages of actual reduction of risks with newer cars because of safety features. I suspect these exist somewhere. Just making up numbers as an example, if someone drives 10,000 miles per year and with a ten year old sedan, their ri...
by dm200
Wed Nov 30, 2016 10:20 am
Forum: Personal Finance (Not Investing)
Topic: When to use a trust vs a will?
Replies: 8
Views: 828

Re: When to use a trust vs a will?

My parents STILL have not written a will (or a trust). They say their friend advises them to get a trust like he did for his kids. I advised them to go meet with a lawyer (and got a ref for a really good one) but they still have not. They keep complaining that they don't know whether to get a will ...
by dm200
Wed Nov 30, 2016 10:06 am
Forum: Personal Finance (Not Investing)
Topic: "behavioral" not financial approach to paying down/off credit cards?
Replies: 38
Views: 2548

Re: "behavioral" not financial approach to paying down/off credit cards?

One behavioral point I'd make is to reduce the number of credit cards he owns. Unless he has a specific reason for owning more than 2 (for example, tracking rental property expenses or medical expenses separately, a card tied to a store he uses frequently), he should get rid of the excess cards as ...
by dm200
Wed Nov 30, 2016 10:02 am
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 5882

Re: Should I buy a new car for safety's sake?

I would be interested in seeing (perhaps for different types of driving patterns) an objective analysis of the net safety benefits of newer model cars.

My opinion is that such improved safety benefits for an experienced, responsible driver in a reasonably maintained car are quite minimal.
by dm200
Wed Nov 30, 2016 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Trust with a spendthrift heir
Replies: 13
Views: 1474

Re: Trust with a spendthrift heir

Whatever you do, for heaven's sake make the inheritance value-equal between the three, unless you have a desire to destroy your family. Having the FORM of the inheritance be different (trust vs. lump sum) is fine. You might also make a consideration for grandchildren, in which case the extra inheri...
by dm200
Wed Nov 30, 2016 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Trust with a spendthrift heir
Replies: 13
Views: 1474

Re: Trust with a spendthrift heir

A lot, it seems to me, depends on the "details" and the unknown future.. One important factor, it seems to me, is the nature of knowledge, "relationship", of the two (currently responsible) heirs and the "spendthrift" heir. Can and/or will or would the two be cooperativ...
by dm200
Tue Nov 29, 2016 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Financial support for parents
Replies: 28
Views: 2148

Re: Financial support for parents

Not a big fan of reverse mortgage. While there may be many downsides to a reverse mortgage, it seems to me that there are situations where one makes sense. This might be one. I believe some aspects of reverse mortgages may have changed in recent years. I would base such a decision or recommendation...
by dm200
Tue Nov 29, 2016 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Why does the car dealer say leasing is cheaper than buying?
Replies: 72
Views: 6586

Re: Why does the car dealer say leasing is cheaper than buying?

"Under the covers" of an auto lease is a balloon loan with a "guarantee" of final "value" of the car at lease termination. The payments are calculated with a longer amortization period and an "assumed" interest rate. There are multiple ways that you do not (or...
by dm200
Tue Nov 29, 2016 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Financial support for parents
Replies: 28
Views: 2148

Re: Financial support for parents

Not a big fan of reverse mortgage. While there may be many downsides to a reverse mortgage, it seems to me that there are situations where one makes sense. This might be one. I believe some aspects of reverse mortgages may have changed in recent years. I would base such a decision or recommendation...
by dm200
Tue Nov 29, 2016 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Financial support for parents
Replies: 28
Views: 2148

Re: Financial support for parents

seems like my only options are to claim them as medical dependents and write of their medical expenses. Would you guys recommend I take ownership of the house so I can write of the property taxes I pay? Pros and Cons of doing this? What about a reverse mortgage? How would you "take ownership&q...
by dm200
Tue Nov 29, 2016 10:21 am
Forum: Personal Finance (Not Investing)
Topic: "behavioral" not financial approach to paying down/off credit cards?
Replies: 38
Views: 2548

Re: "behavioral" not financial approach to paying down/off credit cards?

whodidntante wrote:What was the reason he accumulated 14k in credit card debt? Has the reason been eliminated?


Vacations and trips.

He says it has.
by dm200
Tue Nov 29, 2016 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Best way to help sister?
Replies: 71
Views: 5781

Re: Best way to help sister?

123 wrote:
celia wrote:...
If she wants to be a stay-at-home mom, maybe being a nanny would work for her, especially if it provided housing for 2.
...

celia hit a home run.


IMO, maybe or maybe not. Enough said...
by dm200
Mon Nov 28, 2016 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: "behavioral" not financial approach to paying down/off credit cards?
Replies: 38
Views: 2548

Re: "behavioral" not financial approach to paying down/off credit cards?

1.Stop Using Credit Cards. 2.Pay cash,if you can't afford it,save enough until you can. 3.Develop a Budget. 4.Stick to it. 5.With "found" monies every month ,pay em off one by one. 6.Get Tough. 7.Quit rationlizing and get tough on yourself. Stop making excuses Take Charge. 8.Simple. :happ...
by dm200
Mon Nov 28, 2016 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Financial support for parents
Replies: 28
Views: 2148

Re: Financial support for parents

They are on medicare but I supplement for better insurance coverage through Kaiser Senior advantage program. It all depends on which Kaiser (area of the country) plan they are on. Those premiums are actually quite low for this Medicare Advantage Plan. I suggest you (and/or they) look carefully at w...
by dm200
Mon Nov 28, 2016 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: "behavioral" not financial approach to paying down/off credit cards?
Replies: 38
Views: 2548

Re: "behavioral" not financial approach to paying down/off credit cards?

Whenever I read about the debt snowball, I notice how it is never discussed at how much more money it costs you and how many more months it adds on. If the interest rate difference is minor (say 12% versus 10%) then sure go pay off whatever you want. But paying off a 1.9% loan versus a 24% to make ...
by dm200
Mon Nov 28, 2016 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to help sister?
Replies: 71
Views: 5781

Re: Best way to help sister?

Her dream job is stay-at-home mom, but she has no interest in dating.


match.com
by dm200
Mon Nov 28, 2016 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance question from small bus. owner
Replies: 7
Views: 562

Re: Health insurance question from small bus. owner

In my opinion, it is also very important to keep up on any upcoming changes is law/regulations/pricing/taxes/etc. that I suspect will be even more "volatile" (maybe better and maybe worse) in the next few years.
by dm200
Mon Nov 28, 2016 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: "behavioral" not financial approach to paying down/off credit cards?
Replies: 38
Views: 2548

"behavioral" not financial approach to paying down/off credit cards?

A young man who is a relative of mine has about $14,000 of credit card debt, and discussed way(s) of dealing with it. The various card have balances from about $500 to $4,000 or so. The first step, it seems to me, is to STOP charging almost anything. At the same time, I urged him to come up with a p...
by dm200
Mon Nov 28, 2016 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: vanguard joint taxable account vs. individual account with beneficiary
Replies: 18
Views: 1331

Re: vanguard joint taxable account vs. individual account with beneficiary

It is my very strong opinion that for most people, the best place for designating beneficiaries on any accounts with significant balances is in your will and/or trust documents. In such documents, you can have more complicated designations and provide for "what if" situations where some pr...
by dm200
Mon Nov 28, 2016 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Financial support for parents
Replies: 28
Views: 2148

Re: Financial support for parents

They currently own their home but have no other assets.


Depending on details, such as value of the home, their ages, etc., this might be a fit for a reverse mortgage.
by dm200
Mon Nov 28, 2016 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to help sister?
Replies: 71
Views: 5781

Re: Best way to help sister?

My sister asked me to buy her a house.


Most freeloading relatives start small, such as $100 til payday OR make a car payment. No small request here!!
by dm200
Mon Nov 28, 2016 4:17 pm
Forum: Personal Consumer Issues
Topic: Time to buy a vehicle - New vs Used Math Sanity Check
Replies: 24
Views: 2587

Re: Time to buy a vehicle - New vs Used Math Sanity Check

Already pre-approved for loan by credit union. My exact sticking point has been with all the options and their associated price. Carpet Mats - $300 (I can get laser measured weather mats for $200) Protective film - $600 (Don't want) Toyoguard Plat Maintenance Package - $700 (Don't want) includes tw...
by dm200
Mon Nov 28, 2016 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Financial support for parents
Replies: 28
Views: 2148

Re: Financial support for parents

I have been financially supporting my parents for many years. They currently own their home but have no other assets. Their income is about 1500 a month. Hence I pay for most of their expenses including health insurance, their bills and property taxes among some other things. I was wondering if the...
by dm200
Mon Nov 28, 2016 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Financial support for parents
Replies: 28
Views: 2148

Re: Financial support for parents

1. Check (or have them check) if they qualify for any real estate tax relief (as lower income Seniors) in their taxing jurisdiction. That saves my wife and I about $6,000 a year. If possibly so, be very careful about what and how you assist them. In our jurisdiction, any such cash assistance we migh...
by dm200
Mon Nov 28, 2016 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating New Car Purchase
Replies: 34
Views: 3440

Re: Negotiating New Car Purchase

Once you've found a ballpark price in your head after reading the specific vehicle forums and checking websites such as Truecar and Cargurus, prep yourself for the mental battle of actually going into the dealership. Remember a few key things: 1. It's a game. You're trying to get the lowest price, ...
by dm200
Mon Nov 28, 2016 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating New Car Purchase
Replies: 34
Views: 3440

Re: Negotiating New Car Purchase

You maybe think you're getting a good deal then they add on $2000.00 in dealership fees in addition to the negotiated price.


Absolutely correct.
by dm200
Mon Nov 28, 2016 2:47 pm
Forum: Personal Consumer Issues
Topic: Time to buy a vehicle - New vs Used Math Sanity Check
Replies: 24
Views: 2587

Re: Time to buy a vehicle - New vs Used Math Sanity Check

With any vehicle (new or used) purchased from a dealer, often a huge part of the cost is unnecessary and/or overpriced "add-ons" that a lot of folks fall for. These include: - GAP Insurance (costing between about $400 to $800). When you get the loan through the dealer, they "sell"...
by dm200
Mon Nov 28, 2016 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to help sister?
Replies: 71
Views: 5781

Re: Best way to help sister?

If you want to help, help her daughter. Her daughter didn't ask for this situation and I think the best thing you could do would be to help her daughter with direct donations (i.e. does she need a winter coat, shoes, etc.) and possibly set aside money for her future
.

I agree.
by dm200
Mon Nov 28, 2016 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Best way to help sister?
Replies: 71
Views: 5781

Re: Best way to help sister?

How old is your sister's daughter?

From the narrative, this seems to be a very, very "challenging" situation. It seems to me that many of the possible things you might do to "help" may end up backfiring on you.
by dm200
Sun Nov 27, 2016 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Why does the car dealer say leasing is cheaper than buying?
Replies: 72
Views: 6586

Re: Why does the car dealer say leasing is cheaper than buying?

Dealers LOVE leasing for several reasons. One big reason is that when the lease is up (or if you want to terminate the lease), you MUST have some contact with the dealer or leasing company and they have a "sales" opportunity. When you own outright or finance the car, you need never deal di...
by dm200
Sun Nov 27, 2016 11:23 am
Forum: Personal Finance (Not Investing)
Topic: obamacare - advance premium tax credit --> premium payment
Replies: 4
Views: 507

Re: obamacare - advance premium tax credit --> premium payment

I just signed up for obamacare. I had the premium tax credit be applied to my premiums (lowering them). so, the monthly premiums were supposed to be ~$250, but due to my premium tax credit being >$250, my monthly premiums are $0. Question: does this mean the government is automatically handling the...
by dm200
Sun Nov 27, 2016 9:43 am
Forum: Personal Consumer Issues
Topic: Bookkeeping/Accounting Book
Replies: 10
Views: 1196

Re: Bookkeeping/Accounting Book

Hello all, hope everyone's Thanksgiving was full of all sorts to give thanks for! I'm hoping someone here can point me in the right direction for some research... Does anyone have a recommendation for a good bookkeeping/accounting book that starts with the basics, but is in depth enough that you ca...
by dm200
Sat Nov 26, 2016 4:15 pm
Forum: Personal Consumer Issues
Topic: Bookkeeping/Accounting Book
Replies: 10
Views: 1196

Re: Bookkeeping/Accounting Book

First year accounting textbooks (just a few years old) are available at Amazon.com for very reasonable prices. Although I have no formal "accounting" beyond one semester "Accounting 101" 50 years ago, I am involved in being the Treasurer of an organization and know accounting for...
by dm200
Sat Nov 26, 2016 10:07 am
Forum: Investing - Theory, News & General
Topic: Bond Funds when Rates Rise?
Replies: 16
Views: 2330

Re: Bond Funds when Rates Rise?

The all-time high NAV, since inception on 11 December 1986, just about 30 years ago, was $11.25, in July of 2012, and the low was $8.73, slightly less than one year after Vanguard started the fund at $10.00 per share. High to low that's -22%. During the past ten years alone the fund, with dividends...

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