Search found 12582 matches

by dm200
Fri Aug 18, 2017 1:38 pm
Forum: Personal Consumer Issues
Topic: DUI lawyer - need advice
Replies: 47
Views: 2923

Re: DUI lawyer - need advice

My dc is up on dui/oui charges for a first offense. A tree was hit with no injury to anyone. Is it worth it to spend more money on a more expensive lawyer or is this standard fees and terms from a judge? An attorney for this will not be cheap. I would save the money. Facing the music from a judge c...
by dm200
Fri Aug 18, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Debt collector called, should we call them back?
Replies: 14
Views: 1450

Re: Debt collector called, should we call them back?

Medical billing is a mess.

I would call them back and only provide some basic information identifying yourself. Then, ask for details about the debt and request that this be sent in writing - unless if can be easily cleared up on the phone.
by dm200
Fri Aug 18, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Letter asking for estate information
Replies: 11
Views: 724

Re: Letter asking for estate information

Jack FFR1846 wrote:
Fri Aug 18, 2017 9:36 am
Neither
Throw the phishing letter in the trash. It was generated from the published obituary. Forget about it.
I agree. If there were allegedly valid bills or obligations, it seems to me they would be enumerated in any correspondence.
by dm200
Thu Aug 17, 2017 4:48 pm
Forum: Personal Consumer Issues
Topic: Paying directly for damage caused to someone else's car
Replies: 17
Views: 1217

Re: Paying directly for damage caused to someone else's car

Call your insurance, they will explain to you more and more skillfully. I think you are not the first one to fall into this situation. When I did this, 20 yeas ago, I was given the same advice as on this board. Go ahead and pay the other party directly but have them sign a release of liability at t...
by dm200
Thu Aug 17, 2017 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Survivor Benefit or Life Insurance -teenage daughter
Replies: 20
Views: 1124

Re: Pension Survivor Benefit or Life Insurance -teenage daughter

I am 47 years old single father with 14 year old daughter, her mother passed away. 33 years between my daughter and I. Both healthy. Nevada Public Employee Retirement System 30 years. I can take 100% pension ($6131 mn) or 6% less ($5757 mn) and she gets 50% ($2878 mn) after my death. I only lose $3...
by dm200
Thu Aug 17, 2017 10:15 am
Forum: Personal Consumer Issues
Topic: Paying directly for damage caused to someone else's car
Replies: 17
Views: 1217

Re: Paying directly for damage caused to someone else's car

1. There is (as far as I know) no deductible for liability. If the claim is filed and approved, you will pay nothing. 2. The benefit of not filing a claim is that your rates will not go up. 3, The risk of not filing a claim is that more damage will be claimed (rightly or wrongly) in the future. Pick...
by dm200
Thu Aug 17, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Considerations
Replies: 52
Views: 3575

Re: Reverse Mortgage Considerations

What happens if, for example, you use 300k of your line of credit and then the value of the property falls below the loan value when the loan is called? Does the lender simple get a haircut? I'm asking b/c I don't know. I suppose the lender does a LTV ratio and won't lend more than x percent of the...
by dm200
Thu Aug 17, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Considerations
Replies: 52
Views: 3575

Re: Reverse Mortgage Considerations

In our situation, our house is of small/modest size and the high value is due to the tremendous appreciation of land/lot value. it is not like we are living in a huge house. There are almost no lower cost homes, apartment or condos in the jurisdiction and, while a high cost area, we benefit from low...
by dm200
Wed Aug 16, 2017 1:26 pm
Forum: Personal Consumer Issues
Topic: Car Rental on Current Car Insurance Policy?
Replies: 16
Views: 1137

Re: Car Rental on Current Car Insurance Policy?

No, we do not pay for getting a rental car if our car is damaged.
by dm200
Wed Aug 16, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Medical/insurance - one fee per visit or one per service?
Replies: 3
Views: 352

Re: Medical/insurance - one fee per visit or one per service?

runner3081 wrote:
Wed Aug 16, 2017 12:53 pm
You must have good insurance. I haven't seen that type of thing for imaging studies before.
It is the Kaiser Medicare plan (standard option) in the Washington DC - Baltimore MD area.
by dm200
Wed Aug 16, 2017 7:47 am
Forum: Personal Consumer Issues
Topic: Hail protection for new car?
Replies: 11
Views: 761

Re: Hail protection for new car?

Our neighbors have 4 or 5 cars (several of them late model and expensive). At one point I noticed NO cars there at all. The next day, the cars were back and I asked the husband about where all the cars went the day before. He said there were predictions of a severe storm with likely hail coming, so ...
by dm200
Wed Aug 16, 2017 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Medical/insurance - one fee per visit or one per service?
Replies: 3
Views: 352

Medical/insurance - one fee per visit or one per service?

As we know medical billing and insurance is very complicated, confusing and inconsistent. Some plans charge a copay or fee for each service - no matter when the service is done, while others charge "per visit", even if more than one service is done. It can be important to know and understand so that...
by dm200
Tue Aug 15, 2017 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Loan vs Credit union Loan
Replies: 24
Views: 1113

Re: TSP Loan vs Credit union Loan

These are two very, very different "things". A credit union loan is actually (probably low interest rate) a loan. The TSP "loan" is actually a redemption of the investment and repurchase of the investment (or another investment) with more that is called "interest". Go with the actual loan from a cr...
by dm200
Tue Aug 15, 2017 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Loan vs Credit union Loan
Replies: 24
Views: 1113

Re: TSP Loan vs Credit union Loan

These are two very, very different "things". A credit union loan is actually (probably low interest rate) a loan. The TSP "loan" is actually a redemption of the investment and repurchase of the investment (or another investment) with more that is called "interest". Go with the actual loan from a cre...
by dm200
Tue Aug 15, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Do I Need a Trust? (for single, no children, beneficiaries, etc.)
Replies: 16
Views: 1346

Re: Do I Need a Trust? (for single, no children, beneficiaries, etc.)

To the contrary, I know someone who is a lawyer for one of the larger charitable organizations. When a charity is a residuary beneficiary of an estate (as opposed to receiving a cash bequest), they're entitled to an accounting of the estate's transactions. He said that they often let minor things g...
by dm200
Tue Aug 15, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Leasing a vehicle
Replies: 14
Views: 1870

Re: Leasing a vehicle

From some involvement in past lives, I learned that a car lease is (under the covers) a balloon loan with a guarantee of obligation or value at the end of the lease term. The monthly payments are (or seem) low because the balloon loan is amortized at a long period (perhaps 7-9 years) at a (usually) ...
by dm200
Mon Aug 14, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing a vehicle
Replies: 14
Views: 1870

Re: Leasing a vehicle

Many larger credit unions offer car leasing.
by dm200
Mon Aug 14, 2017 2:11 pm
Forum: Personal Consumer Issues
Topic: Car accident - dealership body shop or independent?
Replies: 17
Views: 784

Re: Car accident - dealership body shop or independent?

I always go with one of my insurance company's "preferred" shops. When I do so, my insurance company insures the quality of the work for the life of the car. This is particularly important if you're in an accident out of town, where you wouldn't easily be able to return to the same shop if problems...
by dm200
Mon Aug 14, 2017 1:06 pm
Forum: Personal Consumer Issues
Topic: Alternatives/choices with ambulance or rescue squad
Replies: 25
Views: 1090

Re: Alternatives/choices with ambulance or rescue squad

This is a good question for all of us seniors who may have these issues in our future. The key seems to anticipate such needs and determine best course of action if (more likely when) they occur. Trying to figure it out after something has happened is too late. Time and proper diagnosis are crucial...
by dm200
Mon Aug 14, 2017 1:03 pm
Forum: Investing - Theory, News & General
Topic: Fed unloading bonds?
Replies: 17
Views: 2040

Re: Fed unloading bonds?

A slightly different version I heard was that the Fed would not purchase more bonds as the existing holdings mature.
by dm200
Mon Aug 14, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do I Need a Trust? (for single, no children, beneficiaries, etc.)
Replies: 16
Views: 1346

Re: Do I Need a Trust? (for single, no children, beneficiaries, etc.)

Let me add some advice an attorney gave my late father about charitable donations. My father was a supporter of certain organizations affiliated with his religious denomination. This denomination is very heirarchal and very controlling of affiliated organizations. It was my father's intent to leave ...
by dm200
Mon Aug 14, 2017 8:00 am
Forum: Personal Consumer Issues
Topic: Alternatives/choices with ambulance or rescue squad
Replies: 25
Views: 1090

Re: Alternatives/choices with ambulance or rescue squad

dm200 - The answer to many of your questions is "it depends". I am not sure of your exact location (hopefully you are not inside DC) but I am actively involved in Fire / Rescue response here in NC and can only speak based on my 38 years of being a firefighter / EMT. First off I will apologize for t...
by dm200
Mon Aug 14, 2017 7:42 am
Forum: Personal Consumer Issues
Topic: Adult Teens and Auto Insurance
Replies: 1
Views: 255

Re: Adult Teens and Auto Insurance

Our son would like to buy a newer truck at some point within 6 months or so. During this time, he will turn 19. If he buys a vehicle and registers it in his name, would he also put the insurance in his name, or would he still be listed under our auto insurance? I do believe our insurance agent ment...
by dm200
Mon Aug 14, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Do I Need a Trust? (for single, no children, beneficiaries, etc.)
Replies: 16
Views: 1346

Re: Do I Need a Trust? (for single, no children, beneficiaries, etc.)

From your situation, as described, it seems to me that a trust would not be justifiable. Things like trusts and estate plans have a goal of making things cleaner and simpler after one's death for the survivors/beneficiaries. Since you will have none, then who would benefit? I would, I think, try to ...
by dm200
Sun Aug 13, 2017 4:21 pm
Forum: Personal Consumer Issues
Topic: Alternatives/choices with ambulance or rescue squad
Replies: 25
Views: 1090

Re: Alternatives/choices with ambulance or rescue squad

So I paid about $1.5K for a 2 mile ambulance ride for a broken arm. I was not happy.
Amazing.
by dm200
Sun Aug 13, 2017 3:38 pm
Forum: Personal Consumer Issues
Topic: Alternatives/choices with ambulance or rescue squad
Replies: 25
Views: 1090

Re: Alternatives/choices with ambulance or rescue squad

If you need the services of 911, even if "only" to lift your wife (which is obviously not a minimal situation, as something else would be wrong), then you probably shouldn't go to a "clinic", where they may not be equipped to handle someone needing that level of assistance, or where there might be ...
by dm200
Sun Aug 13, 2017 11:44 am
Forum: Personal Consumer Issues
Topic: Alternatives/choices with ambulance or rescue squad
Replies: 25
Views: 1090

Re: Alternatives/choices with ambulance or rescue squad

Living in a typical suburban single family home can be very isolating when you have to give up driving especially if you don't have friends and neighbors that can help you out when needed for things like this. In addition to an urgent situation doing things like getting to the grocery store or doct...
by dm200
Sun Aug 13, 2017 11:43 am
Forum: Personal Consumer Issues
Topic: Alternatives/choices with ambulance or rescue squad
Replies: 25
Views: 1090

Re: Alternatives/choices with ambulance or rescue squad

Uber. Serious. I had a health scare and needed ambulance transport to the hospital, 4.7 miles, $1.2K with no real medical care needed in transport. That was the biggest financial mistake I have made in a long time. If you do call 911 (varies by area), the fire department would come out, triage and ...
by dm200
Sun Aug 13, 2017 11:24 am
Forum: Personal Consumer Issues
Topic: Alternatives/choices with ambulance or rescue squad
Replies: 25
Views: 1090

Alternatives/choices with ambulance or rescue squad

Fortunately, we have never needed to call the local rescue squad or ambulance. However, as DW and I get older, the chance that we might need the service is increasing. One example is that I cannot or could not life DW to move her anywhere. Our locality has an excellent ambulance service - rescue squ...
by dm200
Sat Aug 12, 2017 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: The Ideal Renting Situation
Replies: 6
Views: 584

Re: The Ideal Renting Situation

I might look for some "creative" situations/opportunities that could be win-win. 1. "House sharing" (either you as owner or other as owner) might provide the benefits of a single family house with reduced costs/risks. For example, an individual owner may have a large house and want to offer other(s)...
by dm200
Sat Aug 12, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Can a salaried employee be docked pay...
Replies: 33
Views: 3252

Re: Can a salaried employee be docked pay...

I am no "HR" expert, but a few comments and experiences (about 50 years in the workplace). Almost all of my employment (private sector) has been as an "exempt" employee. I am assuming (please correct me if not true) that "salaried" and "exempt" are equivalent. In all my employment years, I had eithe...
by dm200
Sat Aug 12, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance spousal beneficiary voided if divorce
Replies: 0
Views: 229

Life Insurance spousal beneficiary voided if divorce

FYI - for those in the situation of a divorce and there are life insurance policies involved, be aware of what does or does not happen. [I am not in this situation, but was reading some fine print in a life insurance policy I have] The details (from what I understand) are dependent on applicable sta...
by dm200
Sat Aug 12, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Personal mortgage loan
Replies: 16
Views: 719

Re: Personal mortgage loan

I had a question regarding doing a personal mortgage loan to my adult child. Let's say for example I wanted to loan him $60k to help out for a house. (We are in New York). I would need to make it an official loan with signed paperwork through an attorney. Does anyone know if I have to follow whatev...
by dm200
Sat Aug 12, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Personal mortgage loan
Replies: 16
Views: 719

Re: Personal mortgage loan

bberris wrote:
Sat Aug 12, 2017 11:26 am
What is the goal here? You do realize that a loan won't help him qualify for a mortgage, but a gift will.
While the mortgage loan will not help now, perhaps (over a few years) circumstances may change so that he can qualify.
by dm200
Sat Aug 12, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: New car vs used car
Replies: 9
Views: 733

Re: New car vs used car

Over the many decades, when we drove more miles, I concluded that there were many times when buying new made sense (for us). The factors that I believe favor "new" include: 1. You get the exact car you want, need and are willing to pay for. 2. All new cars are the same - no matter how much you pay o...
by dm200
Thu Aug 10, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds and Interest rates increase
Replies: 34
Views: 2504

Re: Bonds and Interest rates increase

"Open end" Fund-price should mostly/only reflect the market value of the underlying assets? "Closed end" Fund-price can trend well above or well below the market value of the underlying assets? If lots of sales of mutual fund shares drive down the prices of the underlying assets(funds having to sel...
by dm200
Thu Aug 10, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds and Interest rates increase
Replies: 34
Views: 2504

Re: Bonds and Interest rates increase

"Open end" Fund-price should mostly/only reflect the market value of the underlying assets? "Closed end" Fund-price can trend well above or well below the market value of the underlying assets? If lots of sales of mutual fund shares drive down the prices of the underlying assets(funds having to sel...
by dm200
Thu Aug 10, 2017 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Bonds and Interest rates increase
Replies: 34
Views: 2504

Re: Bonds and Interest rates increase

..., but are those same "expectations" priced anywhere into a bond fund? So the charts I posted were not convincing enough? I am not disagreeing. Are the expectations priced into the individual bonds or the the price people are willing to pay for the fund ? Perhaps others could comment, but I do no...
by dm200
Thu Aug 10, 2017 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Bonds and Interest rates increase
Replies: 34
Views: 2504

Re: Bonds and Interest rates increase

Hi all, Why do bonds funds go down when interest rates rise? Why isn't the expected interest rate already priced into the fund? For example, Amazon has growth priced into its stock. "Expectations" are not directly priced into a mutual fund. The price (NAV) of a mutual fund is the composite prices o...
by dm200
Thu Aug 10, 2017 8:16 am
Forum: Personal Consumer Issues
Topic: Long term car rental vs buying a used car vs leasing
Replies: 22
Views: 1321

Re: Long term car rental vs buying a used car vs leasing

I would also go with the $3,000 - $5,000 used car.
by dm200
Wed Aug 09, 2017 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds and Interest rates increase
Replies: 34
Views: 2504

Re: Bonds and Interest rates increase

Hi all, Why do bonds funds go down when interest rates rise? Why isn't the expected interest rate already priced into the fund? For example, Amazon has growth priced into its stock. "Expectations" are not directly priced into a mutual fund. The price (NAV) of a mutual fund is the composite prices o...
by dm200
Tue Aug 08, 2017 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand GNMA fund vs CDs
Replies: 10
Views: 665

Re: Help me understand GNMA fund vs CDs

Just to clarify, OP is asking about GNMA fund, not GNMAs. GNMA fund does not itself mature. As owner of GNMA fund, you do not have to be concerned about GNMA loans being pre-paid ahead of schedule. US government does not guarantee the GNMA fund, just the underlying security, meaning you can easily ...
by dm200
Tue Aug 08, 2017 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand GNMA fund vs CDs
Replies: 10
Views: 665

Re: Help me understand GNMA fund vs CDs

The vanguard GNMA fund currently has SEC-yield of 2.61% and average maturity of 7.2 years. A 7 year CD at vanguard yields 2.5%. In an IRA account at vanguard, for money I won't need for at least 7 years, which is the better investment? Admiral class shares of the GNMA fund have an SEC yield of 2.71...
by dm200
Tue Aug 08, 2017 9:28 am
Forum: Personal Consumer Issues
Topic: Should I Buy a New Car?
Replies: 42
Views: 2855

Re: Should I Buy a New Car?

I have a 2010 Toyota Camry V6 with 95K miles. It needs new brakes, the 100k tune up (timing belt, etc.) and new tires. My estimate for costs for these things where I reside is about $1700-2000. I primarily use this vehicle to commute to work daily. I drive about 80 miles a day. The MPG I get with t...
by dm200
Tue Aug 08, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Switching from Medicare Cost to Original/tradional medicare?
Replies: 5
Views: 592

Re: Switching from Medicare Cost to Original/tradional medicare?

You sent me reading about MC in general and the Kaiser Medicare Plus in particular. First red flags are the Kaiser plan has a $400 drug deductible before it pays anything on meds, then offers no donut hole coverage. Your information/conclusion is incorrect. My Kaiser Medicare Cost plan, for which I...
by dm200
Mon Aug 07, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Switching from Medicare Cost to Original/tradional medicare?
Replies: 5
Views: 592

Re: Switching from Medicare Cost to Original/tradional medicare?

You sent me reading about MC in general and the Kaiser Medicare Plus in particular. First red flags are the Kaiser plan has a $400 drug deductible before it pays anything on meds, then offers no donut hole coverage. Your information/conclusion is incorrect. My Kaiser Medicare Cost plan, for which I...
by dm200
Mon Aug 07, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Switching from Medicare Cost to Original/tradional medicare?
Replies: 5
Views: 592

Switching from Medicare Cost to Original/tradional medicare?

In discussion her Medicare options with a friend (on Original/traditional Medicare), I want to recommend that she consider switching to the Kaiser Medicare plan in this area. This plan is not a Medicare Advantage plan, but the less common Medicare Cost plan. A MC plan is very similar (but not identi...
by dm200
Sun Aug 06, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: fees for depositing cash in a business account?
Replies: 6
Views: 453

Re: fees for depositing cash in a business account?

Haha - I definitely agree with the advice above to negotiate and/or tell them to pound sand. I was just hoping to hear from other small business owners in other parts of the world about their experiences. Where I live there are only a few banks, and their services are all very similar. I already se...
by dm200
Sun Aug 06, 2017 10:01 am
Forum: Personal Consumer Issues
Topic: Drinking water price craziness
Replies: 80
Views: 7090

Re: Drinking water price craziness

I refuse, in almost all situations, to use bottled water. I believe that tap water, in 99%+ locations is just as safe (or safer) than bottled water.
by dm200
Sun Aug 06, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: fees for depositing cash in a business account?
Replies: 6
Views: 453

Re: fees for depositing cash in a business account?

The bank my small business uses recently sent us a letter informing us that as of September 1 they will start charging us a .5% fee for cash deposits. I was just wondering if anyone out there who runs a business pays similar fees for depositing cash. Not sure it's relevant but a few details: - we d...