Search found 608 matches

by donall
Wed Jul 13, 2016 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Living Trust Necessary?
Replies: 6
Views: 714

Re: Living Trust Necessary?

Living trusts are useful for property ownership (especially for out of state property) and inheritance of accounts if there are or could be situations of transfer that are more complex than just to children.
by donall
Sat Jun 04, 2016 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: need help with Mothers portfolio
Replies: 5
Views: 478

Re: need help with Mothers portfolio

I second the cd ladder concept for a person in their late eighties for 70% to 80% of the funds if daily expenses are largely met with Ss and a reasonable withdrawal rate. The money is insured and can be set-up to get monthly income. Ten year CDs may be appropriate. For someone who went through the d...
by donall
Mon May 30, 2016 8:37 pm
Forum: Personal Consumer Issues
Topic: New Boiler Sizing
Replies: 40
Views: 2054

Re: New Boiler Sizing

Don't forget to size a good pump to circulate the hot water.
by donall
Mon May 02, 2016 9:33 pm
Forum: Personal Consumer Issues
Topic: Medicare help!
Replies: 25
Views: 2751

Re: Medicare help!

If you have retiree insurance, you must sign up during the 6 month open enrollment period for medigap insurance as there is no guaranteed issue right as there is for employer insurance.
by donall
Mon May 02, 2016 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Employer was excited to hire me! Then silence... What did I do?
Replies: 60
Views: 6624

Re: Potential Employer was excited to hire me! Then silence... What did I do?

This sounds like the principal is inexperienced. Why tell someone they have a job, when you have not done a background check etc.? There is a process that must be followed when hiring and a principal should know the process. Then again, perhaps this principal was not told this job was already filled...
by donall
Thu Apr 14, 2016 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: grateful for any input on a major, urgent real estate decision
Replies: 75
Views: 5742

Re: grateful for any input on a major, urgent real estate decision

Mortgage contingency, if the house does not appraise at the selling price you can walk away. No matter what the conditions there are always good and bad deals. More important, do you want the house?
by donall
Sun Mar 27, 2016 8:15 am
Forum: Personal Finance (Not Investing)
Topic: AOTC claimed by child? [American Opportunity Tax Credit]
Replies: 12
Views: 1131

Re: AOTC claimed by child? [American Opportunity Tax Credit]

Interesting strategy for AOTC--- If you could do this your daughter could offset her tax on LTCG and receive $1,000 if you could not claim her as a dependent. My understanding is even if you do not claim her as a dependent, but could, then she still cannot claim herself. But then you need expert tax...
by donall
Fri Mar 11, 2016 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Public Health (MPH) as a career choice...
Replies: 19
Views: 2044

Re: Public Health (MPH) as a career choice...

I've hired a handful of individuals with MHP degrees when at a public agency. These individuals were some of the best employees and had an impressive set of skills that stood out from other candidates. I think this is an underrated degree.
by donall
Sat Feb 20, 2016 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Estimating AGI for Healthcare.GOV application
Replies: 26
Views: 2007

Re: Estimating AGI for Healthcare.GOV application

Excellent explanation about cost sharing and reasons to over or under estimate AGI for the ACA insurance from Flobes.
by donall
Mon Feb 15, 2016 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Subsidy/Medicaid Questions
Replies: 6
Views: 764

Re: Health Insurance Subsidy/Medicaid Questions

Hopefully your mom is taking advantage of the EIC (earned income credit) when she files her taxes.
by donall
Mon Feb 15, 2016 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Subsidy/Medicaid Questions
Replies: 6
Views: 764

Re: Health Insurance Subsidy/Medicaid Questions

Please work with a counselor, navigator, etc. that is trained in General Assistance to guide the state worker. For determining sel-employed income, schedule C, schedule F, or profit and loss statements are used, not bank statements. For Medicaid healthcare, income is used to determine eligibility. I...
by donall
Sun Jan 24, 2016 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Not Sure Which Federal Tax Form to File
Replies: 14
Views: 1097

Re: Not Sure Which Federal Tax Form to File

Daughter is your dependent and you will get benefits of educational credit (depending on income, etc.), specifically the American Opportunity Tax Credit:
https://www.irs.gov/Individuals/AOTC
See line 50, Educational credits on 1040 and Form 8863.

Daughter should file to get withheld taxes back.
by donall
Sun Jan 03, 2016 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: What to do for elderly parent, if they reject help?
Replies: 54
Views: 4657

Re: What to do for elderly parent, if they reject help?

What worked for me was just getting involved in the person's everyday life. If you know the person's schedule, needs, and friends, it is much easier to do things that help the parent. If you can find ways to reduce expenses, then that is often a great way to start the process (who doesn't like to sa...
by donall
Sun Jan 03, 2016 11:49 am
Forum: Personal Finance (Not Investing)
Topic: ACH transactions on holidays/weekends?
Replies: 36
Views: 2246

Re: ACH transactions on holidays/weekends?

The general rule of thumb I follow is to not use deposits or credits that indicate "pending" and have enough funds in the account to cover any auto payments. Sometimes it takes 3 days for the "pending" to change.
by donall
Fri Dec 25, 2015 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house: Am I making a bad decision?
Replies: 45
Views: 5051

Re: Buying a house: Am I making a bad decision?

You are almost breaking even on the first year with your figures. What's not to like? You are essentially buying an investment property you will live in with a $165,000 0% loan, with a rent of 0 if you have roommates. You will only receive 25% of any appreciation, but minimal risk for decrease in va...
by donall
Mon Dec 07, 2015 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance tax
Replies: 19
Views: 2015

Re: Inheritance tax

With inheritance tax, I think one has to pay if one inherits even if you live out of state, if the deceased lived in the state that has an inheritance tax.
by donall
Mon Nov 30, 2015 7:52 pm
Forum: Personal Consumer Issues
Topic: Honda Accord broke down last night
Replies: 71
Views: 9983

Re: Honda Accord broke down last night

The Acura TSX is a bit more expensive to maintain, but it really is a great car for the price, style, and reliability. I miss the one we sold after 9 years. Other than the rotors needing replacment more often, it was a perfect car. The Acura is the european Honda and often can be purchased for the s...
by donall
Mon Nov 23, 2015 7:48 am
Forum: Investing - Help with Personal Investments
Topic: New job, new 401k - need advice
Replies: 10
Views: 839

Re: New job, new 401k - need advice

It sounds like your wife should obtain an ITIN and you should be filing a joint tax return for 2015 or however many years you have been married:
https://www.irs.gov/taxtopics/tc857.html
by donall
Sun Nov 22, 2015 2:49 am
Forum: Personal Finance (Not Investing)
Topic: Heavily Discounted Health Care by Contributing to Retirement Plans
Replies: 27
Views: 2714

Re: Heavily Discounted Health Care by Contributing to Retirement Plans

Ok with the income part, where MAGI is lowered due to contributions IRAs and retirement plans, but I don't think that policies available on the Marketplace are HSAs.
by donall
Thu Nov 19, 2015 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Parents - your favorite and most challenging years
Replies: 71
Views: 7691

Re: Parents - your favorite and most challenging years

I agree with all the posters. But one has to consider the personality of the child. One child can be wonderful at all ages. While another child can be troubled, all the time. Your role as a parent often changes during the teenage years, yet that that can be the time when you most need to be around,
by donall
Mon Nov 16, 2015 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Tired of big bank fees - I'm looking at you BofA
Replies: 30
Views: 2857

Re: Tired of big bank fees - I'm looking at you BofA

G-force, not seeing the fees you wrote for Vanguard Advantage Account. Voyageur Select level has $30 annual fee and $4.94/mo.
by donall
Sun Nov 15, 2015 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Downstair neighbor's water damage - how to go about it.
Replies: 15
Views: 1985

Re: Downstair neighbor's water damage - how to go about it.

removed as response was not specific to OP
by donall
Thu Nov 12, 2015 6:37 pm
Forum: Personal Consumer Issues
Topic: Health Care 2016 and my company
Replies: 5
Views: 1185

Re: Health Care 2016 and my company

SHOP Small Business Health Options Program (SHOP)
https://www.healthcare.gov/small-businesses/employers/
by donall
Wed Nov 11, 2015 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Question on healthcare penalty (job change)
Replies: 4
Views: 424

Re: Question on healthcare penalty (job change)

You are OK concerning the IRS penalty. But why not float the COBRA coverage?
by donall
Fri Nov 06, 2015 8:11 am
Forum: Personal Finance (Not Investing)
Topic: In a Housing Bind...
Replies: 60
Views: 6551

Re: In a Housing Bind...

Neighbors come and go, best not to base a decision on that. Best to work out issues.
by donall
Sun Nov 01, 2015 12:46 am
Forum: Personal Finance (Not Investing)
Topic: First time ACA - do I understand income rules?
Replies: 3
Views: 916

Re: First time ACA - do I understand income rules?

Yes, you have a good understanding!
by donall
Sun Nov 01, 2015 12:32 am
Forum: Personal Finance (Not Investing)
Topic: Overshooting MAGI intentionally - ACA
Replies: 19
Views: 1475

Re: Overshooting MAGI intentionally - ACA

You are a family of three, if your son is a dependent on your taxes. I would not estimate income at the high end because then you will lose valuable cost sharing such as lower a deductable amount, co-pays, co-insurance, and out of pocket maximums that are available at your income. Although you will ...
by donall
Sat Oct 31, 2015 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: ACA coverage for part of household
Replies: 8
Views: 883

Re: ACA coverage for part of household

It looks like it is a mistake on the website, as I plugged in the same numbers for 2015 and the deductibles were for only one, not two persons.
by donall
Mon Oct 05, 2015 7:29 pm
Forum: Personal Consumer Issues
Topic: Inherited hoarder's house. Now what?
Replies: 36
Views: 5556

Re: Inherited hoarder's house. Now what?

Safety is a concern, as there may be exploded cans (botulism), mice/rat droppings, mold, drugs, etc. Sometimes the odor from cats and dogs can be overwhelming.
by donall
Sat Sep 26, 2015 1:46 pm
Forum: Personal Consumer Issues
Topic: master bedroom off family room - thoughts
Replies: 23
Views: 2759

Re: master bedroom off family room - thoughts

It's hard to comment on a visual and spacial question. This sounds like an excellent question for the architect. Wouldn't your costs be less if both projects were done at one time?
by donall
Fri Sep 18, 2015 6:33 pm
Forum: Forum Issues and Administration
Topic: How did you find the bogleheads website??
Replies: 98
Views: 7897

Re: How did you find the bogleheads website??

I was reading The Finance Buff and there was a reference to Nispirius at Bogleheads in the comments. The reference sounded interesting and I followed up. I have been grateful for the great advice I have read since then.
by donall
Sun Sep 06, 2015 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Am I woefully underfunded to retire and should I sell my rentals?
Replies: 42
Views: 4754

Re: Am I woefully underfunded to retire and should I sell my rentals?

I'm getting the feeling you need to see a CPA as soon as possible. Are you depreciating your rentals? Are you depreciating improvements? What tax bracket are you in? There are many benefits to being a landlord, but many times one needs to be aware of the various permutations in the tax code to be mo...
by donall
Mon Aug 24, 2015 9:03 pm
Forum: Investing - Theory, News & General
Topic: Cheap copy of Lange's Retire Secure 3rd Edition
Replies: 71
Views: 10151

Re: Cheap copy of Lange's Retire Secure 3rd Edition

I went to order, but noticed web address was not a https or equivalent. I just ordered (code is still working). URL was https. Yes, I was mistaken. I see https when I tap on the address line. For some reason the lock doesn't show up like in other sites such as bogleheads or amazon when signing in.
by donall
Sun Aug 23, 2015 2:36 pm
Forum: Investing - Theory, News & General
Topic: Cheap copy of Lange's Retire Secure 3rd Edition
Replies: 71
Views: 10151

Re: Cheap copy of Lange's Retire Secure 3rd Edition

I went to order, but noticed web address was not a https or equivalent.
by donall
Sat Aug 22, 2015 12:34 am
Forum: Investing - Help with Personal Investments
Topic: social security and WEP/GPO advice
Replies: 3
Views: 492

Re: social security and WEP/GPO advice

This SS link has information and WEP/GPO calculators
http://www.ssa.gov/planners/retire/gpo-wep.html
by donall
Tue Aug 18, 2015 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance instead of IRA in estate planning
Replies: 11
Views: 733

Re: Life insurance instead of IRA in estate planning

The link has the following subject:
These Retirement-Planning Loopholes Could Be Closing
and does not reference your topic of life insurance.
by donall
Tue Aug 18, 2015 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance instead of IRA in estate planning
Replies: 11
Views: 733

Re: Life insurance instead of IRA in estate planning

Can you provide a link to the article?
by donall
Tue Aug 18, 2015 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: My retirement number..is this realistic?
Replies: 18
Views: 2545

Re: My retirement number..is this realistic?

You've done a good job saving so far. As others have indicated, you need to define your parameters better to be able to make a more accurate analysis. I would suggest that you do some research on Social Security. It looks like your spouse may be eligible for spousal SS if you live in the US. As anot...
by donall
Mon Aug 17, 2015 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Do heirs inherit estate losses?
Replies: 9
Views: 2732

Re: Do heirs inherit estate losses?

As far as I know inherited assets should be valued the date of death or 6 months afterwards.
by donall
Mon Aug 17, 2015 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with health plan
Replies: 7
Views: 730

Re: Need help with health plan

You need a qualifying event to enroll in a health plan outside of the enrollment period. There is no need for a qualifying event to remove yourself from a plan. I would check with dad's plan and it may indicate that you can no longer be insured under his plan if you have a workplace plan available. ...
by donall
Sat Aug 15, 2015 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree with dependent who needs health insurance
Replies: 4
Views: 712

Re: Retiree with dependent who needs health insurance

Start an ACA application in senior's name, adding the grandchild. The grandson can be included in the family of two, if he/she is included on the federal taxes. There should be a place to indicate the senior will not be applying for insurance and the application will only process for the grandchild....
by donall
Mon Aug 10, 2015 9:51 pm
Forum: Personal Consumer Issues
Topic: 70 year old boiler for radiant heating. Upgrade or keep it running?
Replies: 14
Views: 1136

Re: 70 year old boiler for radiant heating. Upgrade or keep it running?

Is the solenoid valve a blackflow check valve? Not sure, how would I tell? It doesn't look like a backflow check valve (as they do not need electrical connections), but then I am not a plumber. I would install one if you don't have one as it keeps the boiler water separate from the potable water.
by donall
Mon Aug 10, 2015 9:55 am
Forum: Personal Consumer Issues
Topic: 70 year old boiler for radiant heating. Upgrade or keep it running?
Replies: 14
Views: 1136

Re: 70 year old boiler for radiant heating. Upgrade or keep it running?

We had our boiler replaced a few years ago and have had significant decreases in our heating bills. The new boiler is not high efficiency. Although we do not have this, our neighbors have an outside temperature sensor connected to the boiler that they say lowers the gas bill even more. I don't recal...
by donall
Mon Aug 10, 2015 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Brokered CD with Survivor Option
Replies: 2
Views: 382

Re: Brokered CD with Survivor Option

A brokered CD with a survivor option means that if the owner passes away, the beneficiary can redeem the full face amount or the value when sold. It is best to check the language of the CD papers to confirm this. For example, if a $50,000 10 year brokered CD is bought and the owner passes away the n...
by donall
Sun Aug 09, 2015 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B Supplement - Down to Few Options
Replies: 30
Views: 2347

Re: Medicare Part B Supplement - Down to Few Options

After working with some seniors .... Plan F is a good choice due to simplicity. Simplicity may not be an issue now, but later it may well be. I've been able to find mistakes on hospital and doctor bills quite easily because no money should be owed.
by donall
Sun Aug 09, 2015 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Former Housemate Owes Money - What to do?
Replies: 97
Views: 7187

Re: Former Housemate Owes Money - What to do?

If girlfriend wants to pursue in small claims court she should, realizing she may be out more money (court and filing charges) and time. From my little experience as a plaintiff in small claims court, the court may be able to garnish wages and if a judgement is filed, there may be a black mark on th...
by donall
Wed Aug 05, 2015 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Dad Out: How to Simplify
Replies: 12
Views: 1242

Re: Helping Dad Out: How to Simplify

Went through the same thing a while ago. It took a long time, but turned out well, as the relative actually felt better seeing a summary of assets (expected income, fees, etc.) on a spreadsheet. If you are doing this please look into other areas such as medication, health, assistance at home, wills,...
by donall
Wed Aug 05, 2015 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Tax questions when selling a rental property
Replies: 24
Views: 1755

Re: Tax questions when selling a rental property

Perhaps a contract with buyer to get a yearly amount would work.

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