Search found 790 matches

by littlebird
Sun Jul 24, 2016 10:50 am
Forum: Personal Consumer Issues
Topic: What really happens to people who run out of their money in retirement
Replies: 51
Views: 6135

Re: What really happens to people who run out of their money in retirement

My fear is to get old and have dementia set in and not know WTH is going on around me - with no family or partner. A solution for you, if you can possibly afford it, might be to move to a continuing care community (independent living>assisted living>skilled nursing) as early as feasible, before any...
by littlebird
Sun Jul 24, 2016 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Bonds at an historic high; time to get out?
Replies: 37
Views: 3053

Re: Bonds at an historic high; time to get out?

When I saw I had made more than 4.5% on my intermediate bond fund, I decided that was more than a fair return on such bonds for this year. I sold and put into a MM fund for now. But -- I have a $4000/month assisted living bill for my spouse, in addition to keeping up the marital home. I probably wou...
by littlebird
Fri Jul 22, 2016 8:00 pm
Forum: Personal Consumer Issues
Topic: What really happens to people who run out of their money in retirement
Replies: 51
Views: 6135

Re: What really happens to people who run out of their money in retirement

Here's one real world example - my grandmother ran out of money around age 90 and needed medical care beyond what her children or grandchildren were able to provide. She moved into a nursing home, her house was sold and proceeds went to the nursing home. Her SS check goes to the nursing home. My mo...
by littlebird
Fri Jul 22, 2016 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Early retirees, how much did you leave on the table?
Replies: 142
Views: 8131

Re: Early retirees, how much did you leave on the table?

Nothing. Retiring young gave me such a delightful life that I didn't need to spend much to fulfill myself. I know that had I worked until the average retirement age, I would have spent much more, in order to answer the nagging question: "what am I working for (if not to spend some money?) and c...
by littlebird
Fri Jul 22, 2016 10:08 am
Forum: Personal Consumer Issues
Topic: Higher deductible on Homeowner policy?
Replies: 11
Views: 673

Re: Higher deductible on Homeowner policy?

Having a high deductible and covering the cost of a claim yourself has the advantage of cutting out the middleman. When a windstorm came through my neighborhood and almost everyone needed a roofer, I got my roof repaired in a day or so because I didn't have to wait for an assessor from the backed-up...
by littlebird
Thu Jul 21, 2016 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone had a POA rejected? [Power of Attorney]
Replies: 25
Views: 1361

Re: Anyone had a POA rejected?

Like pretty much everything else, increased fraud and abuse in this area has been ruining things for honest people who are just trying to handle the financial affairs of a family member. passed. You're probably right that increased fraud and abuse are part of the problem, but I have reason to belie...
by littlebird
Thu Jul 21, 2016 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone had a POA rejected? [Power of Attorney]
Replies: 25
Views: 1361

Re: Anyone had a POA rejected?

they just require a large amount of supplementary documentation to underwrite the legitimacy of the document, specifically to show that the POA has not been revoked and replaced This sounds a bit like having to prove a negative. Can you give an example of how one might do this? Schwab called our ho...
by littlebird
Thu Jul 21, 2016 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone had a POA rejected? [Power of Attorney]
Replies: 25
Views: 1361

Re: Anyone had a POA rejected? [Power of Attorney]

In a recent estate planning update my attorney said NOT to file the POA forms for each account for myself, to have it there just in case. She said that things change and one would have to prove that it was still valid, and go around updating the identity of the AIF. Perhaps because she was a lawyer...
by littlebird
Thu Jul 21, 2016 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone had a POA rejected? [Power of Attorney]
Replies: 25
Views: 1361

Re: Anyone had a POA rejected? [Power of Attorney]

With the increases in the elderly population, many states have addressed POA's in recent years. My suggestion is that everyone on one side or the other revisit the topic. At least some states do now require banks and other institutions accept the POA that conforms to specific state guidelines. Howe...
by littlebird
Thu Jul 21, 2016 6:37 pm
Forum: Personal Consumer Issues
Topic: What really happens to people who run out of their money in retirement
Replies: 51
Views: 6135

Re: What really happens to people who run out of their money in retirement

I've always wondered why this is a stereotype. Dog food is not that cheap compared to some of the relatively wholesome "human" foods you listed! My dog eats mid-range dry food (e.g. Beneful), and I've always thought I could save $ if I was willing to take the time to make food for him out...
by littlebird
Thu Jul 21, 2016 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone had a POA rejected? [Power of Attorney]
Replies: 25
Views: 1361

Re: Anyone had a POA rejected?

I have had to jump through at least one hoop with every financial institution I had to deal with on my spouse's IRA with a POA. I found Vanguard to be the least cooperative, although we'd been their customers for decades. Our local b&m bank was best, although they wanted my spouse to sign off on...
by littlebird
Wed Jul 20, 2016 11:12 am
Forum: Personal Consumer Issues
Topic: Stinky Washing Machine [SOLVED]
Replies: 44
Views: 4075

Re: Stinky Washing Machine

The machine and matching dryer are 20+ years old. I think it's time to buy a new machine and dryer. Why do both have to be replaced when one goes? The new dryers are not better, they're essentially the same as they were 20 years ago (as far as I can see) . Manufacturers like to encourage us to see ...
by littlebird
Tue Jul 19, 2016 4:47 pm
Forum: Personal Consumer Issues
Topic: How much are these microscopes worth and what should I do with them?
Replies: 15
Views: 1161

Re: How much are these microscopes worth and what should I do with them?

I posted a ton of my spouse's computer and ham radio gear on our local Freecycle website. A high school teacher and some students came and got them and were very grateful. (Google if you never heard of it)
by littlebird
Mon Jul 18, 2016 8:38 pm
Forum: Personal Consumer Issues
Topic: HOA Swimming Pool Trespassing Issue
Replies: 100
Views: 6735

Re: HOA Swimming Pool Trespassing Issue

How about allowing the neighborhood kids in 1 or 2x a month for an "open" swim. Once they know some of your residents as individuals, they may be ashamed to trespass.

I strongly agree with the attractive nuisance post, though.
by littlebird
Sat Jul 16, 2016 12:59 am
Forum: Investing - Help with Personal Investments
Topic: No automatic exchanges in VG brokerage accounts?
Replies: 6
Views: 531

Re: No automatic exchanges in VG brokerage accounts?

But I can't automate this, right? I need to put it on my calendar every 2 or 4 weeks, etc. And kill a day or two while it slowly settles, etc. Are all brokerage accounts like this? I have always just done DCA -- but typically with "new" money which VG of course still allows. As far as I k...
by littlebird
Fri Jul 15, 2016 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Moving More Money into Cash as Retirement Gets Closer
Replies: 18
Views: 1858

Re: Moving More Money into Cash as Retirement Gets Closer

For the first 27 or so years of our retirement, our S.S. and modest pension covered all of our normal expenses and we kept $5000 in the checking account, with the remainder of our assets in stocks, bonds and some CDs. When it looked like we'd need a new car soon, we let the checking account build up...
by littlebird
Fri Jul 15, 2016 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Elderly care financial questions
Replies: 8
Views: 541

Re: Elderly care financial questions

Yeah I know, more of a timing issue at this point. Cna wants 10 days to reach a decision. She's ended up at the local police station the last few days because shes getting lost/confused and we don't have any way to prevent her from leaving. Don't want to move her somewhere only to have to move agai...
by littlebird
Fri Jul 15, 2016 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Elderly care financial questions
Replies: 8
Views: 541

Re: Elderly care financial questions

Follow RudyS's advice. There's no way to advise you without knowing how much, if anything, her LTC will pay to that type of facility. They are interested in maximizing that amount, just as you are. You can't make any further decisions without this info.
by littlebird
Thu Jul 14, 2016 6:48 pm
Forum: Investing - Theory, News & General
Topic: "How saving too much can make your retirement less satisfying"
Replies: 52
Views: 7387

Re: "How saving too much can make your retirement less satisfying"

. As the years went by and our stash increased greatly, we continued to be careful, but the pleasure element dropped away. In fact, it started to feel like an ego trip. We then made a conscious decision that we could "allow" ourselves some of the types of "luxuries" that would a...
by littlebird
Thu Jul 14, 2016 11:16 am
Forum: Investing - Help with Personal Investments
Topic: How do you rollover mutual funds to Bank CDs?
Replies: 9
Views: 743

Re: How do you rollover mutual funds to Bank CDs?

You go the chosen bank and tell them what you want. You sign some papers and they'll take it from there and notify you when the transfer is accomplished, At least that was my experience last year when moving my spouse's IRA from Vanguard to one of my local B&M bank's CDs. They want your money an...
by littlebird
Thu Jul 14, 2016 11:07 am
Forum: Investing - Theory, News & General
Topic: "How saving too much can make your retirement less satisfying"
Replies: 52
Views: 7387

Re: "How saving too much can make your retirement less satisfying"

Early in our (early) retirement we found a certain pleasure in being frugal about the non-fundamentals of our retirement plan. As the years went by and our stash increased greatly, we continued to be careful, but the pleasure element dropped away. In fact, it started to feel like an ego trip. We the...
by littlebird
Wed Jul 13, 2016 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Any Advice on Limiting Tax Consequences of Forgiven Debt?
Replies: 13
Views: 1200

Re: Any Advice on Limiting Tax Consequences of Forgiven Debt?

I'm a little confused. Did you actually rent out the house to tenants, filing the appropriate tax forms, taking depreciation for the past few years? If so, than your house is not a"personal residence" or "personal property"; it's business property and, in general, losses can be t...
by littlebird
Wed Jul 13, 2016 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Will/Trust for immigrant family with small children
Replies: 6
Views: 374

Re: Will/Trust for immigrant family with small children

I'm sure any American trusts & estates lawyer could put together a trust for less than $500/hour for these folks. But whether they could do it as well and efficiently as lawyers who specialize in immigrant situations and, more importantly, whether their plan would work as well and as quickly if ...
by littlebird
Mon Jul 11, 2016 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Amazon.com Store Card
Replies: 68
Views: 7332

Re: Amazon.com Store Card

I just signed up for the card and I got some junk mail I usually would just throw away, but I actually read it. Apparently by signing up for the card, you sign up for a Card Security program that covers your bill in case of disability and other things at a cost of $1.66 per $100 balance even if pai...
by littlebird
Fri Jul 08, 2016 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Simplification vs. "Optimization"
Replies: 36
Views: 2581

Re: Simplification vs. "Optimization"

How old are you? The number and complexity of funds and accounts and financial institutions I could manage in my mid-40's were far greater than what I can and am willing to manage in my mid-70's.
by littlebird
Fri Jul 08, 2016 2:07 am
Forum: Personal Finance (Not Investing)
Topic: House Sale in Year of Divorce
Replies: 6
Views: 678

Re: House Sale in Year of Divorce

I'm changing my reply. I mis-read your OP and thought the sales price was between $250,000 and $500,000, but I see it's that amount over the purchase price . In that event you still have to document the element of profit, although there should be no tax due based on your estimate of $100,000 profit ...
by littlebird
Thu Jul 07, 2016 10:55 am
Forum: Personal Finance (Not Investing)
Topic: House Sale in Year of Divorce
Replies: 6
Views: 678

Re: House Sale in Year of Divorce

Non7WoodUser wrote:Good luck to you. Men need ironclad prenups to protect themselves against rigged divorce courts.


Perhaps it would be better for men to just not marry.
by littlebird
Thu Jul 07, 2016 10:45 am
Forum: Personal Finance (Not Investing)
Topic: House Sale in Year of Divorce
Replies: 6
Views: 678

Re: House Sale in Year of Divorce

In that situation, and if you do not receive a 1099S early next year I believe you don't have to address the issue at all. When you closed, did you sign a statement saying that this was your personal residence and that you had lived in it for at least 2 of the last 5 years? If yes, you probably won'...
by littlebird
Wed Jul 06, 2016 8:29 pm
Forum: Personal Consumer Issues
Topic: Questions about booking private party at restaurant
Replies: 28
Views: 1729

Re: Questions about booking private party at restaurant

Have you priced any other restaurants? Doing so would give you valuable information that would inform your decision to negotiate -or not.
by littlebird
Wed Jul 06, 2016 8:26 pm
Forum: Personal Consumer Issues
Topic: Advice- relocating back to DC metro area from Charlotte, nc
Replies: 4
Views: 372

Re: Advice- relocating back to DC metro area from Charlotte, nc

Since you have lived in both DC and Charlotte recently, I would think you are the best person to evaluate the standard of living you enjoyed in each area and the strengths and weaknesses of each. Who better? :happy
by littlebird
Wed Jul 06, 2016 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Car insurance - removing comprehensive and collision
Replies: 19
Views: 1542

Re: Car insurance - removing comprehensive and collision

Swansea wrote:I would keep comprehensive, as it is usually cheap. Maybe wait a couple of years to drop collision.


This is a good plan.
by littlebird
Wed Jul 06, 2016 9:45 am
Forum: Personal Consumer Issues
Topic: Buying a Fifth Wheel-Help
Replies: 34
Views: 3126

Re: Buying a Fifth Wheel-Help

When we were in your position, newly retired, with no experience (coming from a big eastern city, we didn't even know anyone who had a trailer), we bought a very small, very old 17-foot, single axle trailer and practiced with it. Spouse re-plumbed and re-wired it. I made curtains, wall quilts and re...
by littlebird
Mon Jul 04, 2016 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Liquidate Funds Through Charitable Giving?
Replies: 8
Views: 616

Re: Liquidate Funds Through Charitable Giving?

I have 2 donor advised funds (Vanguard and Fidelity), but if I was going to open one today, it would be with Fidelity, due to a much lower minimum contribution to open, much lower minimum grants, and nearly identical fees.Best,-PoF If you wanted to, you can easily consolidate by simply making a gra...
by littlebird
Mon Jul 04, 2016 1:39 pm
Forum: Personal Consumer Issues
Topic: Anyone else make things for their own use?
Replies: 42
Views: 3520

Re: Anyone else make things for their own use?

Suits, dresses and coats when I needed same for work.
by littlebird
Sun Jul 03, 2016 11:52 pm
Forum: Personal Consumer Issues
Topic: What do you spend your money on???
Replies: 149
Views: 13004

Re: What do you spend your money on???

Items to help keep spouse comfortable and content in his assisted living group home and to make it as easy as possible for staff to care for him. Recent purchases: case of Yum brand organic wild peppermint candies (helps with cough); 4 new lightweight shirts that look ordinary but which have been re...
by littlebird
Wed Jun 29, 2016 8:01 pm
Forum: Personal Consumer Issues
Topic: My first smartphone
Replies: 17
Views: 2032

Re: My first smartphone

I'm in pretty much the same position and recently upgraded from a Tracfone flip phone to a Page Plus Moto e 1st gen for $30 and bought the $25 120 day plan. I planned to use it as I used the Tf, almost entirely as an emergency phone, not giving the number out to any one. My phone cannot set up a voi...
by littlebird
Wed Jun 29, 2016 6:49 pm
Forum: Personal Consumer Issues
Topic: Not legal advice [Seeking advice about HOA ban on swimming pool use]
Replies: 62
Views: 5583

Re: Not legal advice [Seeking advice about HOA ban on swimming pool use]

depends on the terms of the CC&Rs and rules, but if someone breaks the rules, they can certainly be punished for it. doubt they can punish the wife of the person though. a more interesting question though is how they are going to enforce the ban? are they going to manhandle you out of the pool?...
by littlebird
Wed Jun 29, 2016 5:31 pm
Forum: Personal Consumer Issues
Topic: Not legal advice [Seeking advice about HOA ban on swimming pool use]
Replies: 62
Views: 5583

Re: Not legal advice

JLMA wrote:
littlebird wrote:cannot help being a little suspicious of the account given


could you elaborate, please? thank you


I thought I did.
by littlebird
Wed Jun 29, 2016 1:55 pm
Forum: Personal Consumer Issues
Topic: Not legal advice [Seeking advice about HOA ban on swimming pool use]
Replies: 62
Views: 5583

Re: Not legal advice

I live in an over-55 community that is very live-and-let-live and sympathetic to the everyday foibles of the owners. But one thing that is strictly enforced is the clearing of the pools when lightening is present or predicted. It might amaze some how childish many of us can be when our small pleasur...
by littlebird
Tue Jun 28, 2016 10:28 am
Forum: Personal Consumer Issues
Topic: Alternatives to Traditional Pasta?
Replies: 52
Views: 3013

Re: Alternatives to Traditional Pasta?

Try a test run first. Many gluten free pastas which are perfectly good hot, do not hold up well to chilling.
by littlebird
Mon Jun 27, 2016 10:48 pm
Forum: Investing - Help with Personal Investments
Topic: Friday & today were painful days - what can we expect?
Replies: 27
Views: 2439

Re: Friday & today were painful days - what can we expect?

If you really feel nervous about the market now, you need to consider the possibility that your equity allocation is too high for your risk tolerance. I think that if your equity allocation was right for you, you'd be, at the least, complacent and at the most, considering buying more. Mull this over...
by littlebird
Sun Jun 26, 2016 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with a large bonus
Replies: 25
Views: 2796

Re: Need help with a large bonus

Can you request that the bonus be split between December of '16 and January (or later) of '17?
by littlebird
Sun Jun 26, 2016 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to help my parents with LTC needs.
Replies: 25
Views: 1911

Re: Trying to help my parents with LTC needs.

+1 One of my uncles was in a nursing home several years ago and Dad was helping him by monitoring his situation. While Dad was on travel status and unavailable (don't know what or where) a nursing home staff person presented my uncle with a paper for him to sign. When Dad returned and checked on hi...
by littlebird
Sun Jun 26, 2016 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Does it matter Joint Account or Trust account?
Replies: 6
Views: 616

Re: Does it matter Joint Account or Trust account?

Much of this is state law dependent. But based on my experiences with states I'm familiar with: 1-No 2-No 3-Can't imagine why any (bank?) lawyers should be involved, especially if you move the funds from the joint account to the trust and open a checking account in the trust name. Or just leave enou...
by littlebird
Sun Jun 26, 2016 11:18 am
Forum: Personal Finance (Not Investing)
Topic: American Express Preferred fee [Blue Cash Preferred fee raised]
Replies: 19
Views: 1658

Re: American Express Preferred fee

I'm going to be dropping mine also largely because my household size recently dropped by 50%. This seems to have caused my supermarket purchases to drop by 75%. :confused I've always been annoyed by the lag between purchases and the posting of awards, but the 6% was irresistible at my previous level...
by littlebird
Fri Jun 24, 2016 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Trying to help my parents with LTC needs.
Replies: 25
Views: 1911

Re: Trying to help my parents with LTC needs.

You do not say whether your parents' LTCI is going to pay for in-home care. If it is, find out exactly what and how much it will pay for. Find out how it is going to pay. Directly to provider? Directly to you as parents POA holder? Reconcile the amount of care they will pay for with what your parent...
by littlebird
Sat Jun 18, 2016 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: 3 days in moab in august
Replies: 20
Views: 1922

Re: 3 days in moab in august

Daytime rafting down the Colorado. Saw a bald eagle pull a fish out of the river, only to have a blue heron swoop down and grab the fish from the eagle's beak, not 10 feet in front of us. Moonlight rafting, under full moon (check the phase for your trip) with spotlight playing on rocks and recording...
by littlebird
Fri Jun 17, 2016 6:46 pm
Forum: Personal Consumer Issues
Topic: Medical Billing Error - a success story!
Replies: 16
Views: 1868

Re: Medical Billing Error - a success story!

Great to hear! The number of medical billing errors is outrageous. I can't imagine any other industry being allowed to get away with so many billing errors. Calling them "errors" is charitable in many instances. We are handling the finances of my sister-in-law, who had a stroke last Septe...
by littlebird
Fri Jun 17, 2016 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Planning for a non-working disabled spouse
Replies: 33
Views: 1967

Re: Planning for a non-working disabled spouse

I think we probably will need to look for a new home that would be a better fit (rambler, etc.). That is good advice, as we would probably want to consider moving sooner, rather than later to get settled. If applicable to your family situation and feasible, take into consideration moving nearer to ...
by littlebird
Mon Jun 13, 2016 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Live the Good Life Today vs Save For a Better Life Tomorrow
Replies: 84
Views: 7482

Re: Live the Good Life Today vs Save For a Better Life Tomorrow

Throughout my life, there were always so many things I didn't want/had no use for ( cable TV, liquor/wine, cosmetics, latest fashions, jewelry, international travel) that when I did want something ( RV, 2nd home, high-end furnishings, comfort and convenience items ), I had the money for it although ...

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