Search found 528 matches

by plannerman
Thu Apr 28, 2016 5:53 am
Forum: Personal Finance (Not Investing)
Topic: End of life situation and handling IRA
Replies: 23
Views: 1768

Re: End of life situation and handling IRA

I most states, your mother is entitled to an "Elective Share" of the estate regardless of what the will says...see here https://en.wikipedia.org/wiki/Elective_share

plannerman
by plannerman
Mon Apr 25, 2016 5:13 am
Forum: Investing - Theory, News & General
Topic: If I think the market floor is much lower than the ceiling is high...
Replies: 16
Views: 1495

Re: If I think the market floor is much lower than the ceiling is high...

If you are that confident, just sell your equity positions short.

plannerman
by plannerman
Sun Apr 24, 2016 5:47 am
Forum: Personal Finance (Not Investing)
Topic: Social Security question
Replies: 9
Views: 883

Re: Social Security question

I believe there is an exception to the "one-year duration of marriage" rule that applies in this case. Here's the applicable rule from the SS Program Operations Manual System (POMS) RS 00202.001 Spouse "... In addition to meeting the relationship requirements above, a claimant must ei...
by plannerman
Tue Apr 19, 2016 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Framework for thinking about auto loan?
Replies: 14
Views: 836

Re: Framework for thinking about auto loan?

OP, In my case, the car dealer paid me $750 to take a 3 years 10K car loan @ 1.9%. I could pay off the car loan after 6 months if I want to. Why would I want to pay cash? KlangFool My dealer told me the same thing, but I read the contract and there was no such prepayment restriction. I paid it off ...
by plannerman
Mon Apr 11, 2016 7:18 am
Forum: Personal Consumer Issues
Topic: Looking to buy a decent Windows laptop ...
Replies: 17
Views: 1708

Re: Looking to buy a decent Windows laptop ...

This outfit https://www.discountelectronics.com/ sells off-lease computers at very reasonable prices. I have bought 2 desktop CPUs and had no issues. You might want to take a look, particularly if you would rather have the Windows 7 OS.

plannerman
by plannerman
Thu Apr 07, 2016 6:55 am
Forum: Investing - Theory, News & General
Topic: Has the inflation risk premium fallen? Is it now negative?
Replies: 22
Views: 2129

Re: Has the inflation risk premium fallen? Is it now negative?

Well apparently insurance companies don't think so. I got a SPIA quote last week and they are still charging substantially more (smaller payout) for an inflation adjusted payout. Moreover. they are charging even more for CPI adjusted income stream than one that is adjusted at 3% per year.

plannerman
by plannerman
Tue Apr 05, 2016 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax Business for an Irrevocable Trust?
Replies: 2
Views: 197

Re: Turbo Tax Business for an Irrevocable Trust?

I have used both TurboTax Business and H&R Block Business to do Form 1041s. I have found TurboTax a little easier to use, but H&R Block Business has been about half the cost. I used to find doing trust taxes enormously frustrating because, to me, they seem to be stuck back in the 1950s, when...
by plannerman
Mon Apr 04, 2016 5:59 pm
Forum: Personal Consumer Issues
Topic: Office Phone Cord always bunched up
Replies: 13
Views: 870

Re: Office Phone Cord always bunched up

If you pick it up with one hand, and then change hands, you are winding it up.

plannerman
by plannerman
Mon Apr 04, 2016 7:46 am
Forum: Personal Finance (Not Investing)
Topic: 50/ can I cross the finish line?
Replies: 51
Views: 6647

Re: 50/ can I cross the finish line?

We have a mortgage at 4.75 with $150k remaining on it.no other debt. Have you considered refinancing your mortgage? I just refinanced to a 15-year at 2.875%, but I noticed the 30 year rates still hovering around 3.5 - 3.625%. Using a mortgage company promoted by Costco, my closing costs were only a...
by plannerman
Mon Mar 28, 2016 8:46 am
Forum: Investing - Theory, News & General
Topic: TIPS Anyone?
Replies: 92
Views: 7055

Re: TIPS Anyone?

I'm retired and drawing from my portfolio. I have 75% of my fixed income allocation in laddered TIPs. At this stage of my life, I care a lot more about "real guaranteed" cash flow than I than I care about return. If I were in the accumulation stage, I doubt I would own any TIPs--either ind...
by plannerman
Sun Mar 27, 2016 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: EIN needed for revocable trust?
Replies: 6
Views: 565

Re: EIN needed for revocable trust?

This sounds a little strange. If the intent is to fund the trust when the second spouse dies, the trust will be an irrevocable trust--which does require a separate EIN. But if that is the case, there is no need to open a trust account now. If the intent is to put your current assets into a trust, wi...
by plannerman
Sat Mar 26, 2016 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: sellers want us to waive financing contingency
Replies: 80
Views: 6137

Re: sellers want us to waive financing contingency

So here's the question. If the new buyer does not agree to the waiver and consequently the deal does not go to contract, will you then agree to it?

plannerman
by plannerman
Fri Mar 25, 2016 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: sellers want us to waive financing contingency
Replies: 80
Views: 6137

Re: sellers want us to waive financing contingency

Counterpoint, as a seller, if a buyer refused to agree to this, I would move on in a heartbeat. My assumption would be that the buyer was so unsure they could obtain financing, they were unwilling to put their money where their mouth is. And if I accepted that contract condition, the house would be...
by plannerman
Fri Mar 25, 2016 10:13 am
Forum: Personal Finance (Not Investing)
Topic: sellers want us to waive financing contingency
Replies: 80
Views: 6137

Re: sellers want us to waive financing contingency

Counterpoint, as a seller, if a buyer refused to agree to this, I would move on in a heartbeat. My assumption would be that the buyer was so unsure they could obtain financing, they were unwilling to put their money where their mouth is. And if I accepted that contract condition, the house would be ...
by plannerman
Mon Mar 21, 2016 9:05 am
Forum: Personal Consumer Issues
Topic: Removing mildew from vinyl siding
Replies: 25
Views: 1945

Re: Removing mildew from vinyl siding

You also might want to try Spray 9. I had previously tried most of the other products listed in this thread to try and clean the black stripes off my white aluminum gutters--with no success. I had purchased a small spray bottle of the Spray 9 to clean the mildew off some soft vinyl chair covers and ...
by plannerman
Sun Mar 20, 2016 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirees - What triggered you to retire?
Replies: 96
Views: 9891

Re: Early Retirees - What triggered you to retire?

Chest pains from working 60-70 hours a week in a high-stress job, working for a boss who couldn't find her xxx with both hands, in a company in a death spiral...I could go on, but you get the idea. As I've said on this forum before, retirement has been the best period of our lives. Retired at age 55...
by plannerman
Mon Mar 14, 2016 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Problem with H&R Block 1041 Trust Return
Replies: 3
Views: 362

Re: Problem with H&R Block 1041 Trust Return

You select RIC from the drop down menu for box 7A on the 1099 D.

plannerman
by plannerman
Fri Mar 11, 2016 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Convert Rollover IRA to Roth IRA?
Replies: 9
Views: 762

Re: Convert Rollover IRA to Roth IRA?

Unfortunately, it is a little more complicated than simply looking at your current vs expected future federal marginal rate. Maybe you currently live in a high tax state like CA and you subsequently move to a no income tax state like FL or TX. That might be a good reason to delay conversion. Then th...
by plannerman
Thu Mar 03, 2016 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Title company fees on real estate transactions
Replies: 6
Views: 357

Re: Title company fees on real estate transactions

Title insurance rates in NC are regulated. When you call for a quote they tell you the rates are set by the insurance commission and they all quote the same rate. I think, however, it's the maximum rate that is set and they choose not to deviate.

plannerman
by plannerman
Thu Mar 03, 2016 10:12 am
Forum: Personal Finance (Not Investing)
Topic: where to find HELOC for "bridge" loan?
Replies: 10
Views: 820

Re: where to find HELOC for "bridge" loan?

We just did a HELOC for the same reason. Our large regional bank limits HELOCs to a maximum of $500,000. To get our line of credit, we had to pay for an appraisal. You need to get the HELOC before putting the house on the market, and I suggest you don't wait until the last minute. The bank found an ...
by plannerman
Sun Feb 28, 2016 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Buy a house at age 75?
Replies: 59
Views: 4080

Re: Buy a house at age 75?

A few years back, my Mom was in a nursing facility. I had the opportunity to chat with more than a few folks in the assisted living wing. Their main gripe was that everything had a dollar sign attached to it. One elderly gent noted that any time he pushed the "help" button in his room, it...
by plannerman
Sat Feb 27, 2016 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Buy a house at age 75?
Replies: 59
Views: 4080

Re: Buy a house at age 75?

I would suggest this is a good time to think through your plans for what you intend to do should either one of you become disabled or die. We are about your age and are in the process of moving into a "cottage" in a Continuing Care Retirement Community. Our move after that will be from the...
by plannerman
Sat Feb 20, 2016 8:59 am
Forum: Personal Consumer Issues
Topic: State Farm Water Damage Claim
Replies: 15
Views: 1708

Re: State Farm Water Damage Claim

A copper pipe sprung a pin hole leak. A plumber temporarily sealed the leak so we still have hot water. A restoration crew is coming out to dry out the drywall. I do not know the total cost estimate at this time. My insurance deductible at State Farm is $1,000. At what point should I consider filin...
by plannerman
Sat Feb 20, 2016 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Selling house - when to give appraisal to RE agent?
Replies: 4
Views: 738

Re: Selling house - when to give appraisal to RE agent?

I just went through this. The one difference is our appraisal was for a HELOC. My realtor told me he didn't want to know the appraisal number upfront because it might influence his analysis. He did ask what the appraisal was after he gave us his suggested listing and selling price. The realtor's sug...
by plannerman
Mon Feb 15, 2016 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Low Income W2 (10K) - Are my assumptions right?
Replies: 8
Views: 583

Re: Low Income W2 (10K) - Are my assumptions right?

Well he could certainly file as "Married filing separately".

There are some refundable credits that could increase his refund. Check out the Earned Income Credit and the American Opportunity Credit for example.

plannerman
by plannerman
Thu Feb 11, 2016 8:02 am
Forum: Personal Consumer Issues
Topic: New Washer - Frontload or HE Top Load
Replies: 48
Views: 4424

Re: New Washer - Frontload or HE Top Load

When we switched from a top loader to a front loader a few years ago, our gas bill dropped by $25 month. I was astounded. I can't speak to the new energy efficient top loaders.

plannerman
by plannerman
Fri Feb 05, 2016 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: What percentage of your expenses are covered by SS and/or pensions
Replies: 84
Views: 5868

Re: Retirees: What percentage of your expenses are covered by SS and/or pensions

When we retired in 1999 our pension (no cola) covered about 50% of our then current expenses. About 20% was covered by part-time self-employment income. Now, 17 years later, our pension and SS combined still cover about half of our expenses. The remainder is from our portfolio.

plannerman
by plannerman
Sun Jan 31, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Help with whole life policy choices
Replies: 13
Views: 1092

Re: Help with whole life policy choices

Raiddinn wrote:I wish my parents would have gotten me such a policy.

Keep it and they will really have something to be thankful for.


I'm sure my kids will be even more grateful that instead of buying whole life insurance, I chose to invest in a well diversified portfolio of low cost mutual funds.

plannerman
by plannerman
Sat Jan 30, 2016 10:06 am
Forum: Personal Finance (Not Investing)
Topic: US Government Obligations on IRA distritution
Replies: 12
Views: 1146

Re: US Government Obligations on IRA distritution

Wow! You learn something new every day.

plannerman
by plannerman
Wed Jan 27, 2016 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: ATT retiree Phone concession(benefit) being taxed
Replies: 10
Views: 1447

Re: ATT retiree Phone concession(benefit) being taxed

jimb_fromATL wrote:
Artsdoctor wrote:JimB,
To me it does not seem logical, since it's included in a pension that is not taxed for FICA.... jimb


My wife retired from AT&T and received a concession on AT&T long distance service. Her concession came in a separate check and was not part of her pension.

plannerman
by plannerman
Wed Jan 27, 2016 3:18 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 10363

Re: What is your favorite Financial Quote or Metaphor??

How about another Rex Sinquefield quote "So who still believes markets don't work? Apparently it is only the North Koreans, the Cubans and the active managers. October 1995

plannerman
by plannerman
Wed Jan 27, 2016 8:57 am
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 10363

Re: What is your favorite Financial Quote or Metaphor??

"Markets look a lot more efficient from the banks of the Charles than they do from the banks of the Hudson--Fischer Black

plannerman
by plannerman
Tue Jan 26, 2016 8:59 am
Forum: Personal Finance (Not Investing)
Topic: John Hancock Annuity Question
Replies: 11
Views: 753

Re: John Hancock Annuity Question

I suspect the purpose of having an "advisor" assigned to your account is so there is some specific sales person assigned to sell you more life insurance products you probably don't want or need. It seems to me to have a NY "advisor", who is not licensed to sell insurance products...
by plannerman
Mon Jan 04, 2016 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Tell My Children About My Inheritance Plan?
Replies: 57
Views: 4595

Re: Should I Tell My Children About My Inheritance Plan?

We have told our two adult children 1) they do not need to worry about supporting us in our old age, and 2), if there is anything left over after the second one of us dies, it will be split 50/50 per stirpes. I don't believe they need to know our current net worth, and we have no way of knowing what...
by plannerman
Wed Dec 09, 2015 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Need Humidifier recommendation
Replies: 7
Views: 707

Re: Need Humidifier recommendation

Ops--not a dehumidifier question. Next time I will read more carefully.

plannerman
by plannerman
Wed Dec 09, 2015 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Need Humidifier recommendation
Replies: 7
Views: 707

Re: Need Humidifier recommendation

I suggest you read the reviews on Amazon. I think you will find out that all the units sold by the big box stores have durability problems. I am currently running three dehumidifiers in my lower level and that has been my experience. Mine typically last two to three years and they are unrepairable. ...
by plannerman
Mon Dec 07, 2015 5:42 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance tax
Replies: 19
Views: 1882

Re: Inheritance tax

For assets passing via a will. people can, and often do, specify that the estate, rather than the beneficiary, will pay the inheritance tax.

plannerman
by plannerman
Mon Dec 07, 2015 5:42 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance tax
Replies: 19
Views: 1882

Re: Inheritance tax

Duplicate post removed

plannerman
by plannerman
Wed Dec 02, 2015 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Should we revise our will after relocating?
Replies: 13
Views: 2073

Re: Should we revise our will after relocating?

Settlements of estates are controlled by state statues, which, of course, vary from state to state. Having said that, it’s my understanding that given the choice of probating an out of state will that might not conform to statutory requirements vs. applying the state’s intestate succession statutes,...
by plannerman
Mon Nov 23, 2015 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Nano business liability insurance
Replies: 19
Views: 1410

Re: Nano business liability insurance

Here is another option to think about--protecting your assets from lawsuits. I many states, your house can be protected depending on how it is titled. In addition, retirement accounts in many states are also protected. Furthermore, there are asset protection trusts, e.g., Alaska trusts, that are des...
by plannerman
Thu Nov 05, 2015 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard alert [Unclaimed property notice]
Replies: 53
Views: 6632

Re: Vanguard alert [Unclaimed property notice]

It still sounds a bit strange to me. You apparently have some access to the account and you have it on your screen when you long on to your Vanguard account (if I understood your prior posts). But the first notice you get after the account is frozen is the on screen notice. It's more than a bit str...
by plannerman
Thu Nov 05, 2015 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard alert [Unclaimed property notice]
Replies: 53
Views: 6632

Re: Vanguard alert [Unclaimed property notice]

More to the story. Nephew calls Vanguard on Monday and finds out they have frozen his account, including stopping the automatic funds transfer to his checking account he needs to live on. The mailing address Vanguard has on file for him is correct. And a trip to the local post office confirms the po...
by plannerman
Thu Nov 05, 2015 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage or Home Equity Loan
Replies: 3
Views: 327

Re: Mortgage or Home Equity Loan

How much, percentage wise, does he need to finance? Since he will only have 50% equity in the house, it is unlikely that he could get a home equity loan for the entire remaining 50%. The closing costs on a home equity loan are typically much less than that on a conventional mortgage, but the interes...
by plannerman
Mon Nov 02, 2015 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard alert [Unclaimed property notice]
Replies: 53
Views: 6632

Re: Vanguard alert [Unclaimed property notice]

My nephew does not have email (now you know why I'm trying to help him out) but does have a phone number on file with Vanguard. Seems to me that might have been a better way to resolve what is probably just a wrong mailing address in Vanguard's system. Vanguard has multiple possible ways to contact...
by plannerman
Mon Nov 02, 2015 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard alert [Unclaimed property notice]
Replies: 53
Views: 6632

Re: Vanguard alert [Unclaimed property notice]

Update. I called Vanguard this morning and they had to research what triggered the alert and call me back--which they did. Here's the story. As I mentioned in a previous post in this thread, I have multiple accounts that show up under my login. I have limited agent authorization on one of these acco...
by plannerman
Sun Nov 01, 2015 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard alert [Unclaimed property notice]
Replies: 53
Views: 6632

Re: Vanguard alert [Unclaimed property notice]

I'll look forward to hearing why Vanguard posted this message on plannerman's account. plannerman did you say whether or not you have moved and Vanguard has been unable to reach you by mail or phone? Do you suspect you may have an account which has been dormant? Do you think Vanguard has just messe...
by plannerman
Sat Oct 31, 2015 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard alert [Unclaimed property notice]
Replies: 53
Views: 6632

Re: Vanguard alert [Unclaimed property notice]

Hopefully here's a screen shot of the Vanguard Alert
http://tinypic.com/r/xvqjc/9

plannerman

Or maybe not

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