Search found 667 matches

by donall
Thu Aug 17, 2017 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: quick estate question
Replies: 51
Views: 1926

Re: quick estate question

I think this link to the secretary if state should answer your questions: http://www.cyberdriveillinois.com/departments/vehicles/title_and_registration/corrected_deceased.html It seems the small estate procedure is most appropriate for this situation if as indicated, the home is already in the child...
by donall
Sun Aug 06, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: What criteria warrants a need for Living Revocable Trust?
Replies: 39
Views: 3315

Re: What criteria warrants a need for Living Revocable Trust?

I'll add another reason to have a living revocable trust:
If you have a Treasury Direct account you can set up an account titled in the trust and designate an account manager. Account manager (such as successor trustee) can redeem or transfer bonds, etc. electronically before and after death.
by donall
Tue Jul 11, 2017 10:29 am
Forum: Personal Consumer Issues
Topic: What to wear for job interview - skip the tie?
Replies: 54
Views: 4111

Re: What to wear for job interview - skip the tie?

Wear the tie. As a person hiring, I still remember the person who wore shorts to an interview, and not favorably. One of my colleagues looks at more, such as nails and hair. I should add that my colleague doesn't care what the person looks like while on the job, but feels appearance such as a manicu...
by donall
Sat Jul 08, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 156
Views: 10053

Re: Long term care insurance - is it worth it?

From the economic: Maybe, but impossible to predict. In our case the LTCI paid out about 50% of amount paid for premiums, so not in our case.
From the psychological aspect: Yes, it was very comforting to know that money was not an issue during the last year.
by donall
Wed Jun 28, 2017 6:30 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 12344

Re: How did you handle the costs of your child's wedding?

Gave bride and groom a fixed amount. Money went to pay bride's student loans and a sweet intimate wedding planned by bride and groom.
by donall
Wed Jun 28, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance Questions
Replies: 22
Views: 3101

Re: Inheritance Questions

If you have a trust then no need for probate. But often without probate the time limit for claims againt the trust can be made up to two years later (state dependent). But this may not be a reason to wait two years to distribute a trust.
by donall
Sun Apr 30, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrela Insurance is it worth?
Replies: 21
Views: 2367

Re: Umbrela Insurance is it worth?

Yes, I ran into this with a relative when they no longer had a car and did not drive. I just increased the homeowner's and rental building insurance limits. The amounts were reasonable for the extra liability insurance in comparison to an umbrella insurance for a 90 year old driver. The only problem...
by donall
Sat Apr 22, 2017 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: TLH question please. Doing my taxes.
Replies: 10
Views: 997

Re: TLH question please. Doing my taxes.

When you do next year's return you should import this year's return. The carry-over loss should be part of the imported information if using Turbo Tax.
by donall
Thu Apr 20, 2017 1:13 pm
Forum: Personal Consumer Issues
Topic: What To Do With My Car While in NYC
Replies: 32
Views: 3125

Re: What To Do With My Car While in NYC

Sell the car. You will save car insurance costs for one year that may offset selling/buying costs. You should have enough money for a nice downpayment in a year for a new car.
by donall
Thu Apr 20, 2017 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Bill received after Estate is closed
Replies: 57
Views: 6126

Re: Bill received after Estate is closed

This attorney has worked for you for decades and also did pro bono work for you. Not sure why you would not just pay the bill and keep a decade-long relationship.
by donall
Thu Apr 20, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: I will pay off mortgage at 40. What next?
Replies: 22
Views: 2842

Re: I will pay off mortgage at 40. What next?

Wow, your wife takes care of 4 young kids, works part-time, and goes to school? Buy her a new car, take vacations for two, and double the date nights. I hope you have lots of life and disability insurance. Start a 529 account, as one or more of your children will use it.
by donall
Thu Apr 20, 2017 1:40 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 39923

Re: Larry Swedroe says "Goodby."

Thank you for sharing your knowledge and wisdom. Best wishes in retirement and family.
by donall
Tue Apr 11, 2017 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Overpayment
Replies: 3
Views: 619

Re: IRS Overpayment

I've applied a refund to next year's taxes and never received an acknowledgement other than the standard acceptance message when filing.
by donall
Wed Apr 05, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: How to get out of whole life policy?
Replies: 13
Views: 1089

Re: How to get out of whole life policy?

This is probably where I would email and postal mail my letter indicating cancellation. I would first get term finalized. If no money is refunded due to early cancellation, I would wait until the whole life anniversary to cancel. I would also check the policy to see if there has to be notification t...
by donall
Mon Apr 03, 2017 9:48 pm
Forum: Investing - Theory, News & General
Topic: [Long-term Care Penn Treaty insurance to liquidate]
Replies: 13
Views: 1961

Re: [Long-term Care Penn Treaty insurance to liquidate]

We activated Penn Treaty long term care for my relative in January. We received reimbursement for submitted allowable expenses from Penn Treaty about two weeks later. Everyone was polite and helpful. I'll update if anything changes.
by donall
Sun Apr 02, 2017 7:51 pm
Forum: Personal Consumer Issues
Topic: Advice on Long-term Health Care Insurance
Replies: 15
Views: 1743

Re: Advice on Long-term Health Care Insurance

Be absolutely sure you have an advocate and two alternate advocates. It would be very difficult to work with long term care insurance yourself when the time comes. I would also make sure you do not exceed the guaranty limitations of your state. From my point of view, it is best to self insure it at ...
by donall
Tue Mar 28, 2017 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 5614

Re: Daughter maxed out credit cards, needs help from me

OP you have a good plan. We implemented a similar plan for one of our own. It has worked well the last two years. The best part was the financial education that happened as a result.
by donall
Fri Mar 17, 2017 10:45 pm
Forum: Personal Consumer Issues
Topic: Shingle concerns with relatively new build *updated 4/14
Replies: 22
Views: 2475

Re: Shingle concerns with relatively new build *updated 3/17 in the bottom of original post

You could also have poor quality nails. We had to have our roofer redo part of the roof because the nails were not galvanized.
by donall
Mon Mar 06, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Need help picking term life policy (updated 04/10)
Replies: 33
Views: 2218

Re: Need help picking term life policy

You might find it difficult and more expensive to find insurance for your wife before the birth of the child.
by donall
Sun Feb 19, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth filing an amended tax return?
Replies: 18
Views: 1673

Re: Is it worth filing an amended tax return?

Filing a 1040X is easy and should not take more than 1/2 hour. So is it worth $36?
by donall
Thu Feb 16, 2017 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to set up small account for incidentals after Mom passes away?
Replies: 19
Views: 1845

Re: Best way to set up small account for incidentals after Mom passes away?

Why not prepay funeral costs? Medicaid also allows funds set aside for burial or purchase of a grave.
by donall
Sun Jan 29, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Parents as dependents on tax return
Replies: 54
Views: 3348

Re: Parents as dependents on tax return

Yurausa, if you submitted an ACA (affordable care act) application online for your parents you should already know the results. Because their income will be 0 in 2017 they would be only be eligible for Medicaid if you do not list them as dependents, they have been in the US five years or more, and y...
by donall
Wed Jan 25, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Inherited Roth IRA RMDs
Replies: 29
Views: 2296

Re: Inherited Roth IRA RMDs

What was the value of the account on 12-31-16?
by donall
Sat Jan 21, 2017 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone file "decline in value" for property taxes? Advice?
Replies: 26
Views: 2398

Re: Anyone file "decline in value" for property taxes? Advice?

Doesn't hurt to try, but small percentage amounts are often ignored by board of appeals.
by donall
Sun Dec 25, 2016 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy - do we still need it?
Replies: 36
Views: 4508

Re: Umbrella Policy - do we still need it?

Not sure you can get umbrella insurance if you don't own a car. You may just have to increase your homeowners insurance.
by donall
Mon Dec 19, 2016 7:21 pm
Forum: Investing - Theory, News & General
Topic: Charles Schwab Experiences?
Replies: 68
Views: 7633

Re: Charles Schwab Experiences?

All around great experiences with Schwab. The only improvement would be to minimize the amended 1099s. Last year I got them for interest on CDs!
by donall
Sun Dec 18, 2016 10:10 am
Forum: Personal Finance (Not Investing)
Topic: 20% Match on 401k.. sorta.
Replies: 45
Views: 5263

Re: 20% Match on 401k.. sorta.

I think you were quite right to not say anything during a presentation. I've always felt that it is best to approach one on one to ask for changes to things like 401ks. The changes when implemented make the employer look good. This has worked for me in getting direct deposit set up (yes hard to beli...
by donall
Sun Dec 11, 2016 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: FDIC question
Replies: 20
Views: 2151

Re: FDIC question

Keep joint account and add POD for beneficiaries. You do not need a revocable trust but an informal POD in a regular account.
https://www.irs.gov/publications/p970/ch03.html
by donall
Sun Dec 11, 2016 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Home Office/Mileage question (Self-Employed)
Replies: 3
Views: 487

Re: Home Office/Mileage question (Self-Employed)

1. Doesn't sound like she can have a home office. This would have to be a dedicated space where she only works. Since she is a tutor and drives to her employer, declaring a home office seems like a stretch especially in a one bedroom. If after getting to work, she visits a student's home that can be...
by donall
Sun Dec 11, 2016 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance without knowing income
Replies: 31
Views: 2970

Re: Health Insurance without knowing income

Also note that when the baby arrives your family will be 4 not 3. You need to go back (or call the Marketplace) into your application to include the baby. Your premium, deductible, etc will change. You will be eligible for cost sharing if you are a family of 4 at $50K, so stick with a silver plan (...
by donall
Sun Dec 11, 2016 11:11 am
Forum: Investing - Help with Personal Investments
Topic: FDIC question
Replies: 20
Views: 2151

Re: FDIC question

If you have a beneficiary on the account then that ups it by $250,000 for each beneficiary. So adding a beneficiary if you don't already have one will increase the amount to $750,000. I think there may be a limit on the number of beneficiaries but best to check the website.
by donall
Sat Dec 10, 2016 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance without knowing income
Replies: 31
Views: 2970

Re: Health Insurance without knowing income

Boglerocks,you got accurate advice from the website replies. Also note that when the baby arrives your family will be 4 not 3. You need to go back (or call the Marketplace) into your application to include the baby. Your premium, deductible, etc will change. You will be eligible for cost sharing if ...
by donall
Sat Dec 10, 2016 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Kitchen Cabinet Info
Replies: 10
Views: 1821

Re: KITCHEN CABINET INFO

IKEA has a good selection. Handles bought in 2007 still look good even though abused
by donall
Sat Dec 10, 2016 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: My mother is 61 years old and has $0 in savings
Replies: 50
Views: 9447

Re: My mother is 61 years old and has $0 in savings

Pretty sure you know what to do, but will not be easy: - sell son's car (as loan is in her name) - have mom work as long as possible and take husbands 1/2 SS at 66, then hers at 70. - help manage mom's finances (you will probably have to pay taxes on property sold outside of US) - pay off mom' car -...
by donall
Thu Dec 08, 2016 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance without knowing income
Replies: 31
Views: 2970

Re: Health Insurance without knowing income

Yes, you can estimate income. You can (and should) change your income during the year in your insurance application. The subsidy is "trued up" when you do your taxes so you may owe taxes if you underestimated income or get a refund if you overestimated your income.
by donall
Thu Dec 08, 2016 5:02 pm
Forum: Investing - Theory, News & General
Topic: Where/How to research past pension cuts
Replies: 11
Views: 1132

Re: Where/How to research past pension cuts

Is your wife in Tier I or Tier II? I would not assume pension cuts in Tier II, as that is more than self funding and will probably have to be increased eventually.
by donall
Wed Dec 07, 2016 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Managing kids money
Replies: 30
Views: 2982

Re: Managing kids money

I guess I would just have grandparents set-up the account however they want,as taxes should not have to be an issue for quite a while (dividends over $1000 are taxable for child). Hopefully over the years the trust issue improves. The 529 plan sounds like a good idea. What is important is that the ...
by donall
Wed Dec 07, 2016 12:02 am
Forum: Investing - Help with Personal Investments
Topic: Managing kids money
Replies: 30
Views: 2982

Re: Managing kids money

I guess I would just have grandparents set-up the account however they want,as taxes should not have to be an issue for quite a while (dividends over $1000 are taxable for child). Hopefully over the years the trust issue improves. The 529 plan sounds like a good idea. What is important is that the g...
by donall
Tue Dec 06, 2016 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act question - would greatly appreciate assistance
Replies: 27
Views: 2490

Re: Affordable Care Act question - would greatly appreciate assistance

Try calling again or work with a navigator or agent. Some insurance brokers are also excellent at Marketplace applications. You have an application on file, so someone can open the application and review each question to determine where the error is.
https://localhelp.healthcare.gov/#intro
Good luck and don't give up.
by donall
Tue Dec 06, 2016 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Question
Replies: 8
Views: 1479

Re: Pension Question

Using your formula:
$100,000 x .001 x 30 years x 205 = $615,000
I think I would recheck the formula and multipliers.
by donall
Tue Dec 06, 2016 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act question - would greatly appreciate assistance
Replies: 27
Views: 2490

Re: Affordable Care Act question - would greatly appreciate assistance

Your employer insurance is considered unaffordable. Read this link:
https://www.healthcare.gov/have-job-bas ... lace-plan/

Make sure to have your employer fill this form out:
https://marketplace.cms.gov/application ... e-tool.pdf

Sign up for Marketplace healthcare. You will be asked to upload or send documentation that includes the form filled out by employer.
by donall
Tue Dec 06, 2016 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: advice on Italian banks
Replies: 7
Views: 918

Re: advice on Italian banks

I've worked with a bank that was a member of UniCredit. Not sure if the regulations or procedures were from the county or bank but things moved very slowly. Getting information was like pulling teeth. Perhaps this was because I was not in the country. Happy to no longer have to work with an overseas...
by donall
Wed Nov 30, 2016 10:45 am
Forum: Personal Finance (Not Investing)
Topic: [Associate of Arts degree (AA) in Accounting]
Replies: 23
Views: 2283

Re: [Associate of Arts degree (AA) in Accounting]

Transfer to the grants and contracts area in the university. Work there while taking MBA or accounting classes to see if you like the accounting area. Hopefully you can also get a break on tuition. Look for a corporate job with large employers who need someone with expertise in government contracts ...
by donall
Wed Nov 23, 2016 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Age 26 ACA Parents' Health Ins. Rule?
Replies: 7
Views: 1111

Re: Age 26 ACA Parents' Health Ins. Rule?

I think your fiancé and her parents need to check with the HR department, as employer plans and some states can extend the period to insure children. The up to 26 is a a minimum.
by donall
Sun Nov 13, 2016 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Age 92 Dad Wants to Boost stocks
Replies: 52
Views: 5906

Re: Age 92 Dad Wants to Boost stocks

I've learned to Bite my tongue after being told, "I've gotten this far without your advice."
by donall
Sun Nov 13, 2016 5:49 am
Forum: Personal Finance (Not Investing)
Topic: Any ways to make employer health insurance "unaffordable"?
Replies: 11
Views: 2419

Re: Any ways to make employer health insurance "unaffordable"?

See this link for a quick reference of what is included in the modified MAGI for ACA: m Note that non-tuition parts of scholarships are counted as income. Scholarships that pay tuition are not counted as MAGI. You can send an appeal for unaffordability of employer provided insurance throughout the y...
by donall
Sat Nov 12, 2016 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Any ways to make employer health insurance "unaffordable"?
Replies: 11
Views: 2419

Re: Any ways to make employer health insurance "unaffordable"?

I guess I am confused as to why you don't stay on your parent's health insurance plan since you are under 26. As far as I know, you do not have to be a dependent. See the following link: m If you were sent a 1095C from your employer for 2015, then that is a moot point since you had insurance from yo...
by donall
Fri Nov 11, 2016 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Researching non-ACA health insurance in NJ
Replies: 14
Views: 1303

Re: Researching non-ACA health insurance in NJ

See this link to determine if employer-based health insurance is considered affordable:
https://www.healthcare.gov/glossary/aff ... -coverage/