Search found 865 matches

by littlebird
Wed Sep 28, 2016 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Does Form 4562 Need to be filed for Rental Property Every Year
Replies: 2
Views: 401

Re: Does Form 4562 Need to be filed for Rental Property Every Year

Responding just to bump this up; surprised no one more knowledgeable than me has answered. My answer would be "yes". This form keeps track of your yearly depreciation. How will you know what figures to use next time you do put a new piece into service and decide to fill out the form if you...
by littlebird
Wed Sep 28, 2016 7:18 pm
Forum: Investing - Theory, News & General
Topic: Maximizing log wealth
Replies: 4
Views: 1062

Re: Maximizing log wealth

Oh. I thought you were going to discuss how to put by as many logs for the winter as possible. :)
by littlebird
Wed Sep 28, 2016 6:54 pm
Forum: Personal Consumer Issues
Topic: Remodel blunter: kitchen design flaw. What can I do now?
Replies: 41
Views: 3470

Re: Remodel blunter: kitchen design flaw. What can I do now?

Can anyone tell me why I can't see the pictures posted by the OP? All I see is the word "image" 2x.
by littlebird
Wed Sep 28, 2016 11:10 am
Forum: Personal Finance (Not Investing)
Topic: How closely do you check your credit card statements?
Replies: 57
Views: 2311

Re: How closely do you check your credit card statements?

When I bought/charged a large number of items each month, I checked each against a receipt. Now that my family situation has changed and I buy/charge far fewer items, I just review without actual reconciling. How careful you need or want to be depends on your situation. I agree that Amazon make it v...
by littlebird
Tue Sep 27, 2016 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Can I make a legal last will/testament by myself?
Replies: 61
Views: 6350

Re: Can I make a legal last will/testament by myself?

You can totally do it yourself. Why spend money on an attorney when you can do it yourself!? Heck, it might work fine. We will find out after you die how good you did. Good luck! Thank you for pointing out this essential fact. I did the same, months earlier in this thread, in a less blunt manner an...
by littlebird
Mon Sep 26, 2016 11:09 pm
Forum: Personal Consumer Issues
Topic: People with living spaces that could be featured in magazines, what is your secret?
Replies: 18
Views: 2069

Re: People with living spaces that could be featured in magazines, what is your secret?

Go to the library every month. Take home an Architectural Digest magazine. Try to arrange your furniture so that it's convenient and comfortable for your family while absorbing the "look" of a house you wished was yours. Shop in consignment stores for furniture and decor items. Pay attenti...
by littlebird
Mon Sep 26, 2016 9:35 am
Forum: Investing - Theory, News & General
Topic: Christine's article today on RMD's...a question to bogleheads
Replies: 37
Views: 3288

Re: Christine's article today on RMD's...a question to bogleheads

I've also considered doing a donor advised fund (but know the RMD can't go to one directly) but I do so many donations less than say $100 at a time. I'd have to cut out some charities or be very disciplined in fewer and larger single donations to go the donor advised route in my charitable donation...
by littlebird
Sat Sep 24, 2016 10:11 am
Forum: Investing - Theory, News & General
Topic: Investing to Avoid the Consequences of Being Wrong
Replies: 27
Views: 3141

Re: Investing to Avoid the Consequences of Being Wrong

The trick is to find that stock/bond allocation where you feel at those points about half the time each. Let’s say your allocation is 60% stocks/40% bonds. If half the time you feel bad that you don’t have enough in stocks and half the time you feel bad that you don’t have enough in bonds, then you...
by littlebird
Fri Sep 23, 2016 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 3425

Re: Cosigning a new car lease for sister out of state

Not advising you one way or another, but in AZ it is usual to give the dealer limited POA to obtain your title and registration for you. In AZ it is also usual for the dealer to urge you to take the car home with you at the earliest possible moment, before payment, but after the dealer has convinced...
by littlebird
Thu Sep 22, 2016 8:35 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Bank Balance better predictor of happiness than Total Wealth
Replies: 43
Views: 6160

Re: WSJ: Bank Balance better predictor of happiness than Total Wealth

I can't even imagine pre-internet days when you had to mail a check or wire funds to a broker and received paper statements. I think that would have made it harder for me to stick to a disciplined saving/investment plan. It just seems like it would be so nebulous. I can assure you that paper statem...
by littlebird
Thu Sep 22, 2016 4:50 pm
Forum: Personal Consumer Issues
Topic: [500 million Yahoo accounts hacked, what should you do?]
Replies: 79
Views: 4608

Re: Yahoo says hackers stole info in 500 million user accounts

Because the simplicity of knowing an answer you'll never forget is replaced with the necessity of having a cheat list someplace (on another accident prone site? in your wallet? hidden in an innocuous fine on one computer? ). Phooey. KeePass O? Is that site hacker proof? Guaranteed? When they hack t...
by littlebird
Thu Sep 22, 2016 4:32 pm
Forum: Personal Consumer Issues
Topic: [500 million Yahoo accounts hacked, what should you do?]
Replies: 79
Views: 4608

Re: Yahoo says hackers stole info in 500 million user accounts

"Theft of security questions and answers" bugs me the most. I have a false answer to those things, so that someone who knows details about me can't hack into my accounts. But the answer does have to be consistent across sites. If the truthful answer to "What was the make of your firs...
by littlebird
Thu Sep 22, 2016 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Worried I've been depreciating rental expenses wrong for years.
Replies: 8
Views: 1173

Re: Depreciating rental property improvements question.

Wow, that never even crossed my mind. I'm pretty sure you just deduct your HOA dues as they come due, as you've been doing. Some allowance is usually built into them for repairs and upgrades. AFAIK (which admittedly isn't very far), you don't depreciate such items; they are simply "expensed&quo...
by littlebird
Thu Sep 22, 2016 9:53 am
Forum: Personal Consumer Issues
Topic: Aging and Spending
Replies: 25
Views: 3398

Re: Aging and Spending

Only to the extent that if there's a comfort/convenience/safety item that I might have done without previously, I now take into account my slowing mind and body and consider that the downside of not having the item/service is potentially more costly than it once was. And I generally opt for it.
by littlebird
Wed Sep 21, 2016 2:54 pm
Forum: Personal Consumer Issues
Topic: Having intermittent problem with Visa chip card
Replies: 20
Views: 1166

Re: Having intermittent problem with Visa chip card

Never had a problem with my Cap1 Visa at my local Krogers in the many months I've had it. It does take varying long lengths of time to process, though.
by littlebird
Tue Sep 20, 2016 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance question
Replies: 11
Views: 1549

Re: Umbrella insurance question

And just getting an LLC set up is not sufficient to protect you. You have to know how to deal with your LLC. This means among other things, keeping your personal affairs and LLC affairs completely separate. Ex.: never accept rent checks in your name; only in the name of the LLC. For an inexperienced...
by littlebird
Tue Sep 20, 2016 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: 401k / IRA beneficiary -> children? Need trust or trustee?
Replies: 4
Views: 395

Re: 401k / IRA beneficiary -> children? Need trust or trustee?

In the unlikely event of your passing before your beneficiaries come of age, the custodian will require a trustee before transferring the assets and a court proceeding will name one, usually the child's parent.
by littlebird
Mon Sep 19, 2016 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Should we switch to Amica & increase our Homeowners/Umbrella coverage?
Replies: 11
Views: 818

Re: Should we switch to Amica & increase our Homeowners/Umbrella coverage?

I just got quotes today on home/auto/umbrella.

Was paying $340 for 2 mil umbrella; new quote $198. $700 seems wildly out of line. But I really don't know what factors go into quoting one person's umbrella liability as against another's.
by littlebird
Mon Sep 19, 2016 11:15 am
Forum: Personal Consumer Issues
Topic: Cities like New Orleans?
Replies: 112
Views: 5201

Re: Cities like New Orleans?

From friends who went to college/professional school there and married into New Orleans families: you will never be "accepted" by native New Orleanians if you weren't born there.
by littlebird
Mon Sep 19, 2016 11:03 am
Forum: Personal Consumer Issues
Topic: Cities like New Orleans?
Replies: 112
Views: 5201

Re: Cities like New Orleans?

nisiprius wrote:If you asked me to rank all the cities in the United States of which it can be said "there is no other city like X," New Orleans would top the list... and I have no idea what I would put as #2. Seriously. Unique. Not necessarily all in good ways, but unique..


Santa Fe, NM
by littlebird
Sun Sep 18, 2016 8:32 pm
Forum: Personal Consumer Issues
Topic: More on Scouting Retirement Locations
Replies: 35
Views: 2773

Re: More on Scouting Retirement Locations

All of them have smaller homes that are built to look like their neighbors. So there are lots of Sun City choices but all of them are long way from Florida. Good Luck. I agree with much of what you said except for the above. All of the Phoenix metro Sun Cities have large and very large homes, as we...
by littlebird
Sun Sep 18, 2016 11:41 am
Forum: Personal Consumer Issues
Topic: More on Scouting Retirement Locations
Replies: 35
Views: 2773

Re: More on Scouting Retirement Locations

I just finished reading the two recent threads on scouting retirement locations (zoo/aquarium leaning and liberal leaning searches) and made note of two items that were repeated by a few posters: . . .(2) Sun City Summerlin - mentioned as a great place to live. Curious for those familiar with it - ...
by littlebird
Sun Sep 18, 2016 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Help with Condo Capital Gain/Loss Strategy
Replies: 6
Views: 572

Re: Help with Condo Capital Gain/Loss Strategy

If you convert a personal residence to rental property the new basis is the lesser of:

the fair market value on the day it becomes available for rental, OR
the (adjusted) basis
by littlebird
Sat Sep 17, 2016 3:48 pm
Forum: Personal Consumer Issues
Topic: Did you have a Mid Life Crisis? [Consumer related]
Replies: 103
Views: 10058

Re: Did you have a Mid Life Crisis?

According to some web definitions, someone becoming from loving his job to losing interest in his job is one of the symptoms of middle life crisis. I am wondering if thinking about early retirement (by someone who enjoyed his work very much before) is also a middle life crisis symptom. Do you reali...
by littlebird
Fri Sep 16, 2016 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Paying Taxes on Automatically Reinvested Mutual Fund Dividends?
Replies: 10
Views: 913

Re: Paying Taxes on Automatically Reinvested Mutual Fund Dividends?

Yes. You pay tax on all dividend income whether you pocket it or re-invest. But much of it is taxed at a more favorable rate than your earned income is. You should not worry about doing well. If you do well, you'll be able to afford to pay a little more tax. Would you rather "do poorly" an...
by littlebird
Thu Sep 15, 2016 12:44 am
Forum: Investing - Theory, News & General
Topic: The role of Gold as portfolio insurance
Replies: 52
Views: 4347

Re:

If I did include precious metals as an additional hedge, I'd be inclined to buy some "junk" silver coins rather than gold. Something I've read, I forget where, pointed out the difficulty of using gold for small purchases like the above-mentioned chicken & potatoes. A gold coin is wort...
by littlebird
Wed Sep 14, 2016 4:58 pm
Forum: Personal Consumer Issues
Topic: How to fix doors that don't close after new carpet installation
Replies: 36
Views: 2465

Re: How to fix doors that don't close after new carpet installation

ved wrote:
runner9 wrote:Cutting the bottom of the door a bit is the only way to go. Maybe find a friend/neighbor that can do it if you're not handy?


Would there be any sort of businesses that do this? I tried calling a couple stores that do wood working, and they don't.


Handyman, as btenny suggested above.
by littlebird
Wed Sep 14, 2016 2:02 pm
Forum: Personal Consumer Issues
Topic: Christmas gift expectations
Replies: 61
Views: 4167

Re: Christmas gift expectations

KlangFool wrote: In the grand scheme of life, why do you have to be a party crasher?KlangFool


I think you mean a "party pooper" (a term in use before the current usage of "poop" for excrement came about.

A "party crasher" is one who shows up to a party uninvited.
by littlebird
Mon Sep 12, 2016 5:48 pm
Forum: Investing - Theory, News & General
Topic: [Article: "Can Pennsylvania confiscate your IRA?"]
Replies: 23
Views: 2775

Re: Pennsylvania will liquidate abandoned retirement accounts after 3 years of inactivity

I did read the article. That's why I said "i'm a little confused by this". It must not have been the same article I read. I think all states have unclaimed property laws and will escheat accounts after trying to contact the owner. In N.Y., the original law required that in addition to &qu...
by littlebird
Mon Sep 12, 2016 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: How do I report the sale of a really old mutual fund where I have no purchase records?
Replies: 23
Views: 2622

Re: How do I report the sale of a really old mutual fund?

No the links don't help because I only know that I bought these in the early 1980's. T Rowe Price has no way to look back to the 1980's. Anyway the MAIN thing is that these have been on my books for several years so I can prove that they are long term. I'm perfectly willing to use $0.00 for the cos...
by littlebird
Sun Sep 11, 2016 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions of the Couch Potato Retirement Portfolio
Replies: 9
Views: 1105

Re: Opinions of the Couch Potato Retirement Portfolio

If you feel you'll sleep well with 50% of your assets in equities knowing that at 82 or 84 you may be contemplating the need for in-home or institutional care for yourself and/or spouse, then go for it! I prefer a glide path approximately in line with age-in-bonds, but not going below about 25%
by littlebird
Sun Sep 11, 2016 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Contingent beneficiaries: Simultaneous Death- both spouses? (Will v. Trust)
Replies: 20
Views: 1594

Re: Contingent beneficiaries: Simultaneous Death- both spouses? (Will v. Trust)

One interesting wrinkle: define "die at the same time." Some families are very traditional and straight-forward. Some are not. An easy to imagine scenario: Both spouses are in a motor vehicle accident. One dies instantaneously, the other is taken to the hospital and dies in the ICU. Did t...
by littlebird
Sun Sep 11, 2016 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: retiring with a mortgage
Replies: 35
Views: 3086

Re: retiring with a mortgage

My thought is why do they need to spend $250-350K for a retirement home in a LCOL area? If it were me, I'd keep it under $200K and dispense with the mortgage.
by littlebird
Sun Sep 11, 2016 4:55 pm
Forum: Personal Consumer Issues
Topic: Preparing financially for our funerals - prepay or not?
Replies: 97
Views: 5985

Re: Preparing financially for our funerals - prepay or not?

Thanks, ours is in Queens, NY so I'm sure its gonna cost more. What do they do - anyone know? It has to be in a special urn or container? I'm thinking so. Not just gonna put a coffee can in the ground. So urn or box sealed tight and then digging and un digging. Thinking in NY maybe $1,000. I've loo...
by littlebird
Sun Sep 11, 2016 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Twin home burns down and one owner won't rebuild. What happens?
Replies: 25
Views: 2942

Re: Twin home burns down and one owner won't rebuild. What happens?

In New York and its suburbs ( and maybe other older east coast cities) these are called "semi-attached" and are very common. If they're attached to another house on each side they're called "all-attached" or "row houses". They are owned just like any other house; in fee...
by littlebird
Sun Sep 11, 2016 10:10 am
Forum: Personal Finance (Not Investing)
Topic: help with medical admin tasks, medical tests
Replies: 7
Views: 742

Re: help with medical admin tasks, medical tests

Where I live (admittedly in a senior-predominant area) there is a social service agency that provides volunteer help with issues such as you describe. Where they can't provide help themselves, they have social workers on staff who can advise how help can be obtained. If you don't know of a similar a...
by littlebird
Mon Sep 05, 2016 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Living trust as TOD beneficiary
Replies: 2
Views: 303

Re: Living trust as TOD beneficiary

Probably. Ask at the Motor Vehicle Dept.
by littlebird
Mon Sep 05, 2016 9:51 am
Forum: Personal Consumer Issues
Topic: [Dealing with neighbors with dogs]
Replies: 45
Views: 2493

Re: A Political Question

I would wait to see if what you anticipate actually comes to pass. If it does I would then buy and install "the sign". If that was insufficient, I would buy some of the cheap folding 4 or 6" high white metal folding fence sections and install them along the front border of your lawn. ...
by littlebird
Sat Aug 27, 2016 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Probate & Inheritance
Replies: 7
Views: 633

Re: Probate & Inheritance

Their conditions are so serious that medical needs should guide your behavior. Are they really going to be able to stay at home? Do you have family arrangements for driving them to radiation, dialysis, other appointments, shopping, cleaning? Full time in home care provided by an agency will cost abo...
by littlebird
Fri Aug 26, 2016 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about POA for my mother
Replies: 29
Views: 1871

Re: Questions about POA for my mother

I think you should start doing some Medicaid planning sooner rather than later. You should start by learning the Medicaid rules for your mother's state. You can set up a burial fund for her which will be Medicaid exempt. Perhaps your mother's bank can help with setting it up. I don't think your Moth...
by littlebird
Fri Aug 26, 2016 10:11 pm
Forum: Personal Consumer Issues
Topic: Farmer's insurance
Replies: 14
Views: 961

Re: Farmer's insurance

When I changed from one Farmer's agency to another, for my convenience, the receiving agent had to agree to pay the losing agent a fee.
by littlebird
Fri Aug 26, 2016 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's so so customer service
Replies: 71
Views: 8633

Re: Vanguard's so so customer service

I forgot to mention additional verification steps. After the online POA form was filled out, Fido sent you an email to the email address on record and asked you to confirm and electronically sign the form. And then there was another email confirming that you have authorized another person as your P...
by littlebird
Fri Aug 26, 2016 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard's so so customer service
Replies: 71
Views: 8633

Re: Vanguard's so so customer service

You can grant full authority to another person at Fidelity and fill out the form online. No need for paper, notary or signature guarantee. Their online application authenticates you by asking questions that only you should know the answers. And the whole thing can be completed in 24-48 hours. Actua...
by littlebird
Fri Aug 26, 2016 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard's so so customer service
Replies: 71
Views: 8633

Re: Vanguard's so so customer service

The reason I'm asking is because Fidelity DOES require a similar process as Vanguard with the medallion signature if one wants to give full authority to another person. HOWEVER, there is an online authorization if you want to give "limited authorization" to act on accounts. Obviously, wit...
by littlebird
Thu Aug 25, 2016 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners should consider flood insurance
Replies: 78
Views: 6610

Re: Homeowners should consider flood insurance

Quick question though. From the floodsmart.gov website, what exactly does this mean... "The RCV is the cost to replace damaged property. It is reimbursable to owners of single-family, primary residences insured to within 80% of the buildings replacement cost." Say you are insured for $75k...
by littlebird
Thu Aug 25, 2016 1:52 pm
Forum: Personal Consumer Issues
Topic: Four years old spilled dark nail Polish on carpet
Replies: 8
Views: 1181

Re: Four years old spilled dark nail Polish on carpet

tetractys wrote:Pretty simple if it's a wall-to-wall type of carpet; cut out the bad piece and replace it with a good piece of identical carpet. -- Tet


And If it's in a very noticeable place I would call a carpet repair person to do this.
by littlebird
Tue Aug 23, 2016 11:10 am
Forum: Investing - Theory, News & General
Topic: Mechanics of RMD distribution from IRA
Replies: 4
Views: 411

Re: Mechanics of RMD distribution from IRA

As long as the basis when transferred is as of the day of transfer (because its basis in the IRA was 0 and you don't want to transfer that), sounds like a good hands-off plan. I don't believe Schwab does that; they seem to want to transfer only cash, though I haven't asked recently.
by littlebird
Mon Aug 22, 2016 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Please, please advise...Health insurance terminated by insurance company
Replies: 45
Views: 3400

Re: Please, please advise...Health insurance terminated by insurance company

You say you spoke to healthcare.gov. Did you speak to a local Navigator? I searched for Navigators for my state and there are multiple social service agencies still involved. Perhaps one or more may now have experience untangling post-sign up snafus or be able to tell you where to go next.
by littlebird
Sat Aug 20, 2016 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Sell home and rent?
Replies: 9
Views: 1000

Re: Sell home and rent?

Maintenance, repairs, replacements? Water/sewer? Difference in utility usage? Yard work? House cleaning for large house? :moneybag

I think it really comes down to the intangibles. Do you enjoy the house and yard? Or do you feel it's a money pit and ties you down?
by littlebird
Fri Aug 19, 2016 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Self-drafting prenuptial agreement in CA
Replies: 17
Views: 1254

Re: Self-drafting prenuptial agreement in CA

Maybe in this era it would be sufficient if they each had their own app. :P

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