Search found 500 matches

by plannerman
Thu Feb 11, 2016 8:02 am
Forum: Personal Consumer Issues
Topic: New Washer - Frontload or HE Top Load
Replies: 48
Views: 2960

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: 5351

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: 986

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: 1038

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: 1359

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: 9415

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: 9415

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: 679

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: 4403

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: 628

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: 628

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: 1754

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: 1754

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: 1954

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: 1267

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: 6211

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: 6211

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: 289

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: 6211

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: 6211

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: 6211

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: 6211

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
by plannerman
Sat Oct 31, 2015 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard alert [Unclaimed property notice]
Replies: 53
Views: 6211

Re: Vanguard alert [Unclaimed property notice]

I am absolutely sure this is an authentic Vanguard message. I have a jpeg image of the Vanguard screen with my personal information edited out. I would be happy to post it if someone can tell me how to do it.

plannerman
by plannerman
Sat Oct 31, 2015 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard alert [Unclaimed property notice]
Replies: 53
Views: 6211

Re: Vanguard alert

livesoft wrote:I thought you didn't live in the US anymore. ?


To whom are you addressing your question?

plannerman
by plannerman
Sat Oct 31, 2015 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard alert [Unclaimed property notice]
Replies: 53
Views: 6211

Re: Vanguard alert

Have you been getting statements? Making contributions? I would certainly call, but they probably are not open until Monday. I have multiple accounts shown on my online login and can't determine which account they are referring to. But this is completely out of the blue. And if it is really an issu...
by plannerman
Sat Oct 31, 2015 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard alert [Unclaimed property notice]
Replies: 53
Views: 6211

Re: Vanguard alert

I should have thought about that. But who would have thought that Vanguard was into trick or treating?

plannerman
by plannerman
Sat Oct 31, 2015 5:44 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard alert [Unclaimed property notice]
Replies: 53
Views: 6211

Vanguard alert [Unclaimed property notice]

I had the following message displayed across the top of my Vanguard online statement this morning... "You are seeing this alert because your account may be turned over to the state as unclaimed property unless you contact us immediately at 1-877-662-7447." While I think it is a mistake, it...
by plannerman
Mon Oct 26, 2015 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Policy Poll
Replies: 60
Views: 4717

Re: Long Term Care Policy Poll

We don't have a LTC policy but we are moving to a Continuing Care Retirement Community in 2017 where we have guaranteed long term care. plannerman Did you look into how this "guarantee" is being funded? Is there a bond in place from a major insurer? Requirements may vary from state to sta...
by plannerman
Sun Oct 25, 2015 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Policy Poll
Replies: 60
Views: 4717

Re: Long Term Care Policy Poll

We don't have a LTC policy but we are moving to a Continuing Care Retirement Community in 2017 where we have guaranteed long term care.

plannerman
by plannerman
Thu Oct 22, 2015 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Aon Active Health Exchange
Replies: 5
Views: 501

Re: Aon Active Health Exchange

Aon handles employee health insurance for my DW. I have found them very difficult to do business with. As an example, I sent them an email question on Sunday--they promise a one-day turn around on their website. Yesterday, after no response, I called. I was on hold for about 1-hour waiting to speak ...
by plannerman
Mon Oct 19, 2015 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: 2016 Medicare Advantage Plan surprises
Replies: 1
Views: 299

2016 Medicare Advantage Plan surprises

I have had Medicare Advantage plans for several years and have liked them. My current provider, however, has decide not to cover next year the only two (generic) drugs I take regularly, which would increase my out of pocket costs by over $3k. The other MA plans offered in my area are just not very g...
by plannerman
Sun Oct 18, 2015 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Thinking about having our new trust document reviewed
Replies: 5
Views: 586

Re: Thinking about having our new trust document reviewed

I had a friend who died with a poorly drafted testamentary trust. There were no provisions for a successor trustee or to exempt the trustee from posting a Surety bond. Several years after my friend died, the trustee decided she no longer wanted the responsibility of serving as trustee. She had to hi...
by plannerman
Sun Oct 11, 2015 7:03 pm
Forum: Personal Consumer Issues
Topic: Anything bad to say about the Lexus RX-350?
Replies: 21
Views: 2161

Re: Anything bad to say about the Lexus RX-350?

We owned a 2004 Lexus RX 330 and just bought a 2015 Lexus RX 350. The RX 330 was the best car we ever owned. We gave it to a granddaughter who we expect will continue to drive it for years. So far the RX 350 is even better. The only complaint I have with both is it is very hard to see out of the bac...
by plannerman
Fri Oct 09, 2015 9:52 am
Forum: Personal Consumer Issues
Topic: LogMeIn to acquire LastPass
Replies: 46
Views: 3260

Re: LogMeIn to acquire LastPass

I don't know much about the company, but I have been using their remote access product for a couple of years and like it. I did find their technical support was not great, but that seems to be the norm theses days.

plannerman
by plannerman
Fri Oct 09, 2015 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Insurance question
Replies: 1
Views: 258

Re: Insurance question

Look up the "qualifying events" that allow you to make changes to your plan outside of the open enrollment period.

plannerman
by plannerman
Wed Oct 07, 2015 6:26 pm
Forum: Investing - Theory, News & General
Topic: Why buy government securities at 0%?
Replies: 27
Views: 3300

Re: Why buy government securities at 0%?

Small retail investors wouldn't. Institutions who need someplace to park large short-term cash holdings would. They can't park millions in an FDIC insured savings account or short-term CD. (Edited to add: mpt types faster. :)) It seems to me they could just keep greenbacks in their vault. That was ...
by plannerman
Mon Sep 28, 2015 12:03 pm
Forum: Personal Consumer Issues
Topic: What is your car buying strategy?
Replies: 84
Views: 5179

Re: What is your car buying strategy?

I used True Car to buy a new Lexus and was very happy with the process.

plannerman
by plannerman
Thu Sep 24, 2015 5:13 am
Forum: Personal Finance (Not Investing)
Topic: RMDs
Replies: 41
Views: 2496

Re: RMDs

If all you have in your IRAs are conventional investments, i.e., stocks bonds and mutual funds, it's a piece of cake. If you have hard-to-value assets like limited partnerships or rental property--not so much.

plannerman
by plannerman
Thu Sep 24, 2015 4:55 am
Forum: Personal Finance (Not Investing)
Topic: Big Expenses to Plan for in Retirement
Replies: 31
Views: 3320

Re: Big Expenses to Plan for in Retirement

The single largest expense I didn't adequately plan for in retirement is the "buy-in" to a Continuing Care Retirement Community. I had assumed selling our current home would cover any "buy-in" expense. As it turns out, what we realize from selling our house will only cover about ...
by plannerman
Sat Sep 19, 2015 6:00 am
Forum: Personal Finance (Not Investing)
Topic: Growing gap in life span by income
Replies: 6
Views: 1327

Growing gap in life span by income

A new report from the National Academy of Sciences documents the not all that surprising finding that high earners live longer than low earners. http://www.eurekalert.org/pub_releases/2015-09/naos-nre091715.php "Men born in 1930 in the highest of five earnings levels who survived to age 50 coul...
by plannerman
Fri Sep 18, 2015 8:04 am
Forum: Personal Consumer Issues
Topic: Tips for saving on major kitchen remodel
Replies: 59
Views: 3961

Re: Tips for saving on major kitchen remodel

Shop around. We received granite counter top quotations that ranged from $2,500 to $10,000 for the exact same granite.

plannerman
by plannerman
Tue Sep 15, 2015 10:02 am
Forum: Personal Finance (Not Investing)
Topic: psychology of increasing charitable donations
Replies: 21
Views: 1608

Re: psychology of increasing charitable donations

I drove by our local Rescue Mission the other day and saw a very young girl standing out in front, with an infant in a baby carrier, talking to a policeman. When I got home, wrote a check to the mission. I also respond to national emergencies like Katrina and hurricane Sandy. I find myself migrating...
by plannerman
Tue Sep 15, 2015 9:35 am
Forum: Personal Consumer Issues
Topic: Least expensive shipping options for a donation
Replies: 9
Views: 610

Re: Least expensive shipping options for a donation

A wide variety of spellings exist for the English usage of the term, e.g. tshotshke, tshatshke, tchachke, tchotchka, tchatchka, chachke, tsotchke, chotski, or chochke; the standard Yiddish transliteration is tsatske or tshatshke. In Israeli Hebrew it is often spelled צאצקע, [ˈtsats.ke], with a tsade...
by plannerman
Sat Sep 12, 2015 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Obtaining a HELOC - Need help
Replies: 21
Views: 1696

Re: Obtaining a HELOC - Need help

I can't offer you any help, but wanted to thank you for posting, as it helped me. We are putting our house on the market next summer and will need money out of the house. If the closing on the sale is delayed, we will need a loan. I have started the process of establishing a HELOC to make sure there...
by plannerman
Tue Aug 25, 2015 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum pension--RMD required?
Replies: 3
Views: 624

Re: Lump sum pension--RMD required?

Alan,

Thanks for the citation. I'll check it out.

plannerman
by plannerman
Mon Aug 24, 2015 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum pension--RMD required?
Replies: 3
Views: 624

Lump sum pension--RMD required?

A person is the beneficiary of his deceased spouse's pension annuity. He has been receiving monthly payments for years. The company she worked for has offered him a lump sum buyout. He plans to take the lump sum distribution and roll it over into his traditional IRA The company has told him, however...
by plannerman
Mon Aug 24, 2015 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Line of Credit
Replies: 17
Views: 1877

Re: Reverse Mortgage Line of Credit

Thanks for posting.

I have been curious about the % cash out and fees, but not curious enough to research it.

plannerman
by plannerman
Wed Aug 19, 2015 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Retirement homes
Replies: 22
Views: 3763

Re: Retirement homes

Good friends of a relative recently moved into a local CCRC. I decided to visit the facility to see if it might be an option for the future. Here is a sample of what I found out: Now here is a kicker! Last page of booklet. Should you ever need assisted living or nursing care at some level. This amo...
by plannerman
Wed Aug 05, 2015 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Have you ever encountered hostility because people think you're "rich"?
Replies: 71
Views: 5875

Re: Have you ever encountered hostility because people think you're "rich"?

No--probably because no one, other than my wife, knows how rich we are, We live the quintessential "Millionaire Next Door" life style.

plannerman
by plannerman
Thu Jul 30, 2015 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: Social Security and Expenses
Replies: 61
Views: 4098

Re: Retirees: Social Security and Expenses

Retired collecting SS--27%

plannerman

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