Search found 229 matches

by muddlehead
Fri Aug 16, 2019 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Helping with mother's finances after father's passing
Replies: 14
Views: 947

Re: Helping with mother's finances after father's passing

69 yrs old plus 25 = 94. If you did nothing and placed the 650k under the mattress and took from the pile 22k per year, it would last, are you ready, 29 years. What would I do if she was my Mom? I'm a zero market guy at that age. I, myself, have enough money to live off of cd interest. Of course, I'...
by muddlehead
Tue Aug 13, 2019 6:52 pm
Forum: Personal Consumer Issues
Topic: Book or documentary recommendations on American economic dominance
Replies: 26
Views: 1605

Re: Book or documentary recommendations on American economic dominance

Aware you mentioned 1866-1915 timeframe in the first post. My thoughts have always been the industrial world as we all know it was more or less tied until WW1. We of course leapt way ahead as our land and factories etc... were, of course, unharmed by the conflict. They, Europe etc … , were starting ...
by muddlehead
Tue Aug 13, 2019 6:43 pm
Forum: Personal Consumer Issues
Topic: Lawn mower
Replies: 25
Views: 2238

Re: Lawn mower

1/2 acre. Lots of grass. Have had good success w/ Cub Cadet. Not cheap. 21 or 22 inch gas self propelled so I can go back and forth about $300. I'm on my second one now. Old one after 3 years, starter cord disengaged in my hand after a starter pull. I'm not handy enough to fix it. Gave it away and g...
by muddlehead
Mon Aug 05, 2019 5:23 pm
Forum: Personal Investments
Topic: Question about Schwab changes
Replies: 19
Views: 1998

Re: Question about Schwab changes

Worked at Schwab and have our accounts at Schwab for about the past 100 years. Call them or e/m them to reiterate you do not wish to be contacted except by e/m. Period. Easy, right?
by muddlehead
Thu Jun 06, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Required Minimum Distributions
Replies: 61
Views: 5646

Re: Required Minimum Distributions

Re: taking RMD Jan 2 in the year one turns 70 1/2 ""Estimated taxes are due in the period when income is earned. So, in your example: if not paid in 1Q of 2023, when you file in 2024 for tax year 2023, may have underpayment penalty. Which is what I thought you were suggesting, and I was dissuading. ...
by muddlehead
Thu Jun 06, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Required Minimum Distributions
Replies: 61
Views: 5646

Re: Required Minimum Distributions

""Y'all are confusing me. If you have to take out the RMD in the year you turn 70 1/2, why the heck wouldn't you take it Jan 2nd in that particular year? And not pay the tax in the associated income tax gain for 15 months? "" **Cuz you owe the tax when the "income" is obtained, in your example by Ap...
by muddlehead
Wed Jun 05, 2019 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Required Minimum Distributions
Replies: 61
Views: 5646

Re: Required Minimum Distributions

Y'all are confusing me. If you have to take out the RMD in the year you turn 70 1/2, why the heck wouldn't you take it Jan 2nd in that particular year? And not pay the tax in the associated income tax gain for 15 months?
by muddlehead
Wed Jun 05, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance recommendations
Replies: 13
Views: 1295

Re: Car insurance recommendations

North of you, Santa Rosa. We had AAA for 30 years till last year. Seems they raised rates a lot to recoup some losses after the Santa Rosa fires. Switched to Geico. Naturally, cheaper. No worries so far. Will switch homeowners to Geico in a few months.
by muddlehead
Mon Apr 22, 2019 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited inherited IRA confusion.
Replies: 15
Views: 2556

Re: Inherited inherited IRA confusion.

IRA RMD's can be complicated for both individuals and their financial/brokerage companies. Duh. Bottom line is IRS wants its tax dollars due them from the distributions. You can cut to the chase by answering these questions. Are you willing to pay tax on the distributions? Or, because it should/coul...
by muddlehead
Fri Mar 22, 2019 4:23 pm
Forum: Personal Consumer Issues
Topic: Twitter [Is mobile number needed to register?]
Replies: 20
Views: 736

Re: Twitter

You might find this helpful. The only social media site I look at and will ever look at is Twitter. Gave 'em my email. No worries.
by muddlehead
Wed Mar 20, 2019 4:53 pm
Forum: Personal Consumer Issues
Topic: Where to live: Santa Barbara area versus Palm Beach versus Sarasota?
Replies: 28
Views: 2649

Re: Where to live: Santa Barbara area versus Palm Beach versus Sarasota?

"**Haven't lived in Santa Barbara, but I've lived in coastal HB for 15 yrs within a quarter mile of the ocean.**"

Curious. What is coastal HB?
by muddlehead
Tue Feb 12, 2019 2:16 pm
Forum: Personal Consumer Issues
Topic: Need help with frequent week-long stays in Boston over next 18 mos
Replies: 68
Views: 3437

Re: Need help with frequent week-long stays in Boston over next 18 mos

Oh boy. Saw a mention of 255 Beacon St. Lived, worked and schooled in the Back Bay a million years ago. Lovely part of the world, for sure. One word, however. Cockroaches.
by muddlehead
Tue Jan 29, 2019 1:20 pm
Forum: Personal Consumer Issues
Topic: Sharing Elementary Class Photos
Replies: 40
Views: 2921

Re: Sharing Elementary Class Photos

Wow. Is there some crazy in this thread, or what? Good golly folks. Totally post them wherever you want. Next.
by muddlehead
Sun Jan 20, 2019 12:42 pm
Forum: Personal Consumer Issues
Topic: Looking for old school CD player & bookshelf stereo
Replies: 28
Views: 2067

Re: Looking for old school CD player & bookshelf stereo

https://www.amazon.com/gp/product/B00BC ... UTF8&psc=1
They aren't easy to find. I bought this CD player 3 years ago. Very happy with it. I hope the link shows up when I press the enter key. (Edit:yes)
by muddlehead
Wed Jan 09, 2019 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Another Generic Medicare / Social Security Question Part 2
Replies: 11
Views: 871

Re: Another Generic Medicare / Social Security Question Part 2

Cheese and DM thanks. We called Kaiser after the previous post and replies part 1. We were in fact double paying for Kaiser Senior Advantage. I was paying with bill pay. Soc Sec was deducting it from her benefits. From the phone call, I feel 100% Kaiser rep and wife and I were on the same page.
by muddlehead
Wed Jan 09, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Another Generic Medicare / Social Security Question Part 2
Replies: 11
Views: 871

Re: Another Generic Medicare / Social Security Question Part 2

Oh boy. Thanks for the responses. I like to think I'm one of the smarter bulbs in the chandelier when it comes to financial stuff. I'm blown away by the nuances / complexity here. Her birthday is Apr 29. So, I'm thinking 8 months medicare x $134 = $1072. Include the whole month of April and $1072 pl...
by muddlehead
Tue Jan 08, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Another Generic Medicare / Social Security Question Part 2
Replies: 11
Views: 871

Re: Another Generic Medicare / Social Security Question Part 2

** Medicare Advantage Plan Premiums - Does your wife have a Medicare Advantage Plan that requires a premium? ** She has Medicare Advantage through Kaiser. I thought the premium was taken out of her Soc Sec benefits. **- Medicare Part D premiums - Does your wife have a Medicare Part D plan? ** I don'...
by muddlehead
Tue Jan 08, 2019 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Another Generic Medicare / Social Security Question Part 2
Replies: 11
Views: 871

Another Generic Medicare / Social Security Question Part 2

In our last installment, you all helped me realize I was double paying. Received a $225 refund from Kaiser in the mail yesterday. Grazi. This one is about my wife's Social Security Benefit statement we received in the mail yesterday. Here are the numbers. Does everything seem normal? Paid by direct ...
by muddlehead
Mon Dec 17, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Another Generic Medicare Prescription Drug Plan Question
Replies: 12
Views: 788

Re: Another Generic Medicare Prescription Drug Plan Question

Dm and Chesse - 100% absolutely not criticizing Kaiser. I'm taking full responsibility for the error. And, it is my job, not theirs to monitor my accounts. My wife and I are big fans of Kaiser. Plan C vs Plan D? You got me on that. What do you mean?
by muddlehead
Mon Dec 17, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Another Generic Medicare Prescription Drug Plan Question
Replies: 12
Views: 788

Re: Another Generic Medicare Prescription Drug Plan Question

Called Soc Sec and Kaiser this morning. She was being double charged - probably my fault for that. Kaiser will send us a check for $156 or so. And she discontinued our monthly payment. Interesting Kaiser is/was stockpiling the extra $$. What if we never called for that money? All good.
by muddlehead
Sun Dec 16, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Another Generic Medicare Prescription Drug Plan Question
Replies: 12
Views: 788

Another Generic Medicare Prescription Drug Plan Question

The title is what is called Part D, correct? My wife turned 65 this past year. Northern California. For Medicare, she is charged $137.50 p/m. She has supplemental Kaiser Senior Advantage $25 p/m. Just noticed on a recent Social Security mailing she's being charged $21.70 p/m for Medicare Prescriptio...
by muddlehead
Sat Dec 15, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming dilemma-Would love opinions
Replies: 29
Views: 3002

Re: Social Security Claiming dilemma-Would love opinions

Musicjay. Thanks. Interesting. If you both took it now, that's a good chunk of change.
by muddlehead
Fri Dec 14, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming dilemma-Would love opinions
Replies: 29
Views: 3002

Re: Social Security Claiming dilemma-Would love opinions

Musicjay. Wife and I almost exactly same ages as you and yours. May I ask how much would each of your benefits be if you took social security today?
I had my wife take hers at 62. I'm going to take mine a few months before age 65 to time it with Medicare payments.
by muddlehead
Fri Nov 30, 2018 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand "Payout Rate" for an Annuity
Replies: 58
Views: 3541

Re: Help me understand "Payout Rate" for an Annuity

Boy, am I missing something here? You're giving them 500k. There paying you 43k a year on this money. At the end of 15 years, they will have paid you (or your heirs) 645k. You're making 145k on 500k over 15 years. That's $9600 per year. That's, to be kind, not a good deal for you.
by muddlehead
Wed Nov 28, 2018 7:43 pm
Forum: Personal Consumer Issues
Topic: Electricity bill should be 7% per month of home sq footage.
Replies: 66
Views: 4262

Re: Electricity bill should be 7% per month of home sq footage.

Northern California checking in. 3000 sq ft one story. Woo hoo. Less than 7% last year. PGE bill was $151 p/m.
by muddlehead
Fri Sep 28, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: auto insurance - ??
Replies: 11
Views: 1098

Re: auto insurance - ??

Shell, had to go through your posts to see where you live. San Diego. Good on you. Thought it might be where we are, Norcal, since you mentioned fires … Our AAA auto insurance went up so much this year that after 30 years with them, switching to Geico which is 50% less than AAA. We'll see how it goes.
by muddlehead
Wed Sep 05, 2018 12:04 pm
Forum: Personal Consumer Issues
Topic: Neighbor Fencing question
Replies: 50
Views: 4233

Re: Neighbor Fencing question

Wow. Can't believe some of the responses. Of course, without a doubt, you split 50/50 the cost of a property line fence. Of course, without a doubt, if your neighbor's tree is causing a problem with the fence that needs to be fixed, take that into consideration when sharing costs. This ain't hard pe...
by muddlehead
Sun Aug 05, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: What prevents residential real estate buyers from colluding to bring down prices?
Replies: 32
Views: 2813

Re: What prevents residential real estate buyers from colluding to bring down prices?

*** What stops potential buyers from finding each other and agreeing not to bid against each other, with the designated buyer paying the other potential buyers a small fee for waiting? ***

You're kidding, right?
by muddlehead
Sun Jul 08, 2018 11:41 pm
Forum: Investing - Theory, News & General
Topic: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"
Replies: 58
Views: 7525

Re: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"

Gosh. If we've learned one thing from being on the planet and paying a modicum of attention the past 40 years or so, it is this. These types of articles are fun to read and talk about. Period. Don't base huge life decisions on the conclusions within.
by muddlehead
Sun Jul 08, 2018 11:03 pm
Forum: Personal Consumer Issues
Topic: New ladies bike: recommendations
Replies: 17
Views: 1289

Re: New ladies bike: recommendations

6ft 3in 210 lbs male. Once a week 10 miles rider. Know zero about bikes. Paid $350 or so for a Schwinn Voyageur 2 XL. Looks, feels, and rides like the hefty machine I want. It's a hybrid, they tell me because it can go on roads and medium type trails. Perfect. 100% recommend it for you.
by muddlehead
Thu Jun 28, 2018 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Purchase disabled sister's house
Replies: 18
Views: 1224

Re: Purchase disabled sister's house

Why don't you have your parents give her the money to buy the house. Stays in her name. No more mortgage. Early inheritance gift. Easy Peasy.
by muddlehead
Thu May 31, 2018 8:21 pm
Forum: Personal Consumer Issues
Topic: Book Recommendation Wanted
Replies: 15
Views: 1499

Re: Book Recommendation Wanted

I'm in the back off camp. Even if they asked for assistance, what really is there to say? Reminded of another "pauper" leaving millions behind at death. It was about a month ago. 96 yr old New York woman lived as frugally as possible. Employed as a secretary, IIRC. All her money went into the stock ...
by muddlehead
Mon Apr 23, 2018 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Payoff Questions
Replies: 11
Views: 2223

Re: Mortgage Payoff Questions

Why take a chance on the process? If I were you, I'd get a human on the phone, not even an e/m in this case, tell 'em what you want to do, and go from there. I'm thinking this a rather important payment you're going to make ...
by muddlehead
Sat Apr 21, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: How much can mom spend on a house?
Replies: 11
Views: 2432

Re: How much can mom spend on a house?

Interesting question / scenario. Agree that as healthy as she appears now at 77, can change in an instant. I'd have no trouble paying the 400k. She'd still have about 100k taxable, 74k roth, 146k ira, 65k 403b = 385k in financial assets. (35/65 a little aggressive for me. But, worked awfully well pa...
by muddlehead
Thu Dec 14, 2017 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Wow. Just Wow.
Replies: 29
Views: 5645

Re: Wow. Just Wow.

** Was it based on readers voting? **
Good question.
"Our readers nominate and vote for their favorite businesses, venues ..."
by muddlehead
Thu Dec 14, 2017 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Wow. Just Wow.
Replies: 29
Views: 5645

Wow. Just Wow.

I don't want to get too specific. I live in a city of 175,000 people. Our county has almost 500,000. Not super podunky. The main city/county newspaper recently published its "Best of County" awards in many categories. Best burger, best garden store ... I'm sure your paper has something very similar....
by muddlehead
Sun Dec 10, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Can This be Part of an Estate Planning?
Replies: 7
Views: 1197

Re: Can This be Part of an Estate Planning?

" " What are the flaws in it? " "
Flaws? How's about someone here give me 1 benefit of this "plan".
by muddlehead
Fri Dec 01, 2017 11:36 am
Forum: Personal Consumer Issues
Topic: Safes
Replies: 31
Views: 2687

Re: Safes

I live in Santa Rosa CA. You might have heard about the fires. This video was made by a friend of a friend. I am in no way endorsing the product. 100% neutral. But, pertinent to the topic.
https://www.youtube.com/watch?v=djMbt7gr8rA
by muddlehead
Tue Nov 28, 2017 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning question (should we add beneficiaries to savings account?)
Replies: 33
Views: 2556

Re: Estate planning question (should we add beneficiaries to savings account?)

Didn't read every word of the answers. These things can get sidetracked... Yes to OP. Add beneficiaries to savings account ASAP.
by muddlehead
Tue Nov 07, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 3462

Re: Annuity Alternative

You're kidding, right?
by muddlehead
Fri Sep 08, 2017 7:04 pm
Forum: Personal Consumer Issues
Topic: Places to see in Chicago
Replies: 45
Views: 4758

Re: Places to see in Chicago

If you're the urban walking type like me -A few years ago, had a wonderful, memorable walk along the waterfront from CBOE Lasalle St area to Wrigley.
by muddlehead
Sat Jul 29, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor/Retirement Planning - Conventional Wisdom?
Replies: 16
Views: 2148

Re: Financial Advisor/Retirement Planning - Conventional Wisdom?

Why would you think a **recommended financial advisor** would know anything close to what the collective wisdom on this here board can impart?
by muddlehead
Sun Jun 18, 2017 3:51 pm
Forum: Personal Investments
Topic: Investments for Mother, windfall
Replies: 9
Views: 1943

Re: Investments for Mother, windfall

Had a single Mom in very similar circumstances and age 30 years ago. Easy peasy resolution. Your Mom has 600k cash, $5500 p/m pension, her own job, 20k in taxable acct, 200k in IRA. She owes 180k mortgage. If it were me, I'd pay off the mortgage reducing cash to 420k. Find out how many years more sh...
by muddlehead
Wed May 24, 2017 9:35 am
Forum: Investing - Theory, News & General
Topic: Bernie Madoff Revisited 8 Years Later
Replies: 1
Views: 710

Bernie Madoff Revisited 8 Years Later

No, I haven't seen either of the 2 recent movies. One with De Niro and the other with Dreyfuss. Not a discussion of those. Since collectively, we are the smartest financial-stuff group on the web, here are my 2 questions. We think Bernie took in 20 billion dollars. Almost 10 billion was recovered / ...
by muddlehead
Fri May 19, 2017 3:54 pm
Forum: Personal Consumer Issues
Topic: Neighbor draining onto / flooding my patio and yard daily - what can I do?
Replies: 59
Views: 8574

Re: Neighbor draining onto / flooding my patio and yard daily - what can I do?

Interesting situation. Pics are useful. Short of cutting into the concrete / french drain / etc ... How's about something like slender long sand bags / tubes. Thinking of the shape of front door draft stoppers I've seen advertised. Or swimming pool noodles.
by muddlehead
Mon May 08, 2017 7:13 pm
Forum: Personal Investments
Topic: Retire Early?? Need a sense check
Replies: 42
Views: 10147

Re: Retire Early?? Need a sense check

******* Post by Watty » Mon muddlehead wrote: If you put the entire amount in a bag in your closet you could spend 93k per year and it would last 30 years till you're 85... Read this post again.******* Thank you Watty. At least some one listens to me. Re: Social Security. For my planning, I think of...
by muddlehead
Sun May 07, 2017 2:02 pm
Forum: Personal Investments
Topic: Retire Early?? Need a sense check
Replies: 42
Views: 10147

Re: Retire Early?? Need a sense check

You have 2.8 mill. Wife and I retired at a little younger than you with 3.1 mill. at Schwab a few years ago. And, we're leaving 2 mill for 2 sons at death we hope. House will be at least a mill. ! mill in cash. You have the whole 2.8 mill to work with. You have no worries. If you put the entire amou...
by muddlehead
Wed May 03, 2017 7:11 pm
Forum: Personal Consumer Issues
Topic: Buying a "share" of a house
Replies: 47
Views: 4391

Re: Buying a "share" of a house

3 comments. 1) Don't know if you were stating a hypothetical when you said "let's say house is worth 125k". What is the house worth? Can't be 125k. 2)Won't the house be inherited equally by you three siblings when your parents pass? 3) In short, what you're proposing doesn't seem right ...
by muddlehead
Fri Mar 24, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Capital Gains on real estate?
Replies: 9
Views: 1048

Re: Capital Gains on real estate?

Do the best you can estimating improvements since 1971. Should be no problem coming up with 200k worth of improvements in 46 years - as long as the improvements are logical and reasonable. Remodeling the bathrooms, remodeling / updating the kitchen, remodeling the master bedroom, updating wiring and...