Search found 270 matches

by WolfgangPauli
Wed Jan 16, 2019 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: What to do when a parent's money runs out?
Replies: 236
Views: 40414

Re: What to do when a parent's money runs out?

I would first start seeing if she could cut expenses. It also isn't clear how old she is and if capable of still working or not. Does she have other alternatives (downsizing, etc) I'd be wary of getting in a situation that you have to pay 1k/month for next 15-20 years. Especially if that number sta...
by WolfgangPauli
Sun Jan 13, 2019 10:05 pm
Forum: Personal Consumer Issues
Topic: Fantastic Resort Recommendations???
Replies: 31
Views: 2936

Re: Fantastic Resort Recommendations???

Bacchus01 wrote:
Sun Jan 13, 2019 9:58 pm
The American Club in Kohler, WI
This is a beautiful place and I have golfed there many times... Highly recommended I have just done it a few times already...

Anyone have experience at an Omni hotel called The Homestead in Hot Springs, VA?
by WolfgangPauli
Sun Jan 13, 2019 9:43 pm
Forum: Personal Consumer Issues
Topic: Fantastic Resort Recommendations???
Replies: 31
Views: 2936

Fantastic Resort Recommendations???

Hi, I am planning a vacation for this spring, summer, or fall (Does not matter really when) and it is just me and my wife. We stayed a while back at the Greenbriar in White Sulfur Springs, WV. We are looking for a resort like that or better. We loved that but we just are not the ones to do it over a...
by WolfgangPauli
Tue Dec 25, 2018 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Which accounts to put under Trust?
Replies: 5
Views: 686

Re: Which accounts to put under Trust?

I think this is tough to answer as I do believe state laws prevail so it all depends on the state. I have just done a trust and on advice of the estate lawyer in Florida - everything goes into the trust except the house. (Florida has very good laws protecting your home).
by WolfgangPauli
Tue Dec 25, 2018 11:48 am
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 248
Views: 21032

Re: Whose buying today? where's all the "dry powder" folks at? :)

the question implies market timing which I refuse to do. I am continuing to execute my asset allocation strategy with index funds. The drop means I do need to put more into stocks to maintain the asset allocation which, voila! means i am buying more shares at a lower price. However, it is not due to...
by WolfgangPauli
Mon Dec 24, 2018 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Better options for emergency Fund than Ally CDs/Savings?
Replies: 20
Views: 2681

Re: Better options for emergency Fund than Ally CDs/Savings?

I honestly think you would be chasing nickels and dimes. Pick one and stay with it and set up all the right alerts, transitions etc. etc.
by WolfgangPauli
Mon Dec 24, 2018 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: I-bonds
Replies: 13
Views: 1556

Re: Ibonds

I think you have to sell then rebuy.. Remember, this will count against your yearly amount allowed so you are essentially giving up one year of accumulation.
by WolfgangPauli
Sun Dec 09, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Wills, Estates and Trusts
Replies: 28
Views: 2642

Re: Wills, Estates and Trusts

It depends on various factors, including the level of the lawyer and his/her firm, the size of the firm, where you're located, where the firm is located, whether the plan is for one person or a couple, and how much time you need in the decision making process. The size and complexity of your estate...
by WolfgangPauli
Sun Dec 09, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Wills, Estates and Trusts
Replies: 28
Views: 2642

Wills, Estates and Trusts

Good Morning: After 10 years and a move to a different state I think it is time to update everything. I am going to get new wills, trusts, POA, Living wills etc. etc. (Complete Estate plan) completed by a highly recommended estate planning attorney. Cost is $4K. Does that sound reasonable? Trust me,...
by WolfgangPauli
Sun Dec 02, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion for Spousal IRA
Replies: 12
Views: 724

Re: Roth Conversion for Spousal IRA

As a follow-up to the OP [and others], if neither tIRA has any basis, why prefer converting funds from one over the other? I assume the OP is married filing jointly. I am sure I am missing something, but why wouldn't either tIRA has a basis? Since these are non deductible IRAs, its basis should be ...
by WolfgangPauli
Sun Dec 02, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Draw Question
Replies: 32
Views: 2964

Re: Social Security Draw Question

In cases where one spouse has a significantly higher income than the other spouse, it is very common that the best approach is for the lower earning spouse to file early and the higher earning spouse to delay to age 70. The reason is that the surviving spouse gets the larger benefit of the two. So ...
by WolfgangPauli
Sun Dec 02, 2018 8:05 am
Forum: Investing - Help with Personal Investments
Topic: i-bonds vs muni bond
Replies: 18
Views: 3508

Re: i-bonds vs muni bond

The OP states marginal tax rate is 35%. This would be an implied income of $400K to $600K which means there is no way the OP can deduct savings bond interest for educational purposes. This would skew heavily to the 529 if education reasons. I’m not married. 35% tax bracket is $200K .. Too high to u...
by WolfgangPauli
Sun Dec 02, 2018 8:03 am
Forum: Investing - Help with Personal Investments
Topic: i-bonds vs muni bond
Replies: 18
Views: 3508

Re: i-bonds vs muni bond

The OP states marginal tax rate is 35%. This would be an implied income of $400K to $600K which means there is no way the OP can deduct savings bond interest for educational purposes. This would skew heavily to the 529 if education reasons. I’m not married. Either way.. if you are in the 35% tax br...
by WolfgangPauli
Sun Nov 25, 2018 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion for Spousal IRA
Replies: 12
Views: 724

Re: Roth Conversion for Spousal IRA

As a follow-up to the OP [and others], if neither tIRA has any basis, why prefer converting funds from one over the other? I assume the OP is married filing jointly. I am sure I am missing something, but why wouldn't either tIRA has a basis? Since these are non deductible IRAs, its basis should be ...
by WolfgangPauli
Sun Nov 25, 2018 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Draw Question
Replies: 32
Views: 2964

Re: Social Security Draw Question

Using the calculator it essentially told me to: 1. Have my wife wait until full retirement age at 66yrs 7 months 2. Have me file on my full retirement age which is like 67 years. Not sure why and will need to do more work on it but I think I would wait until I am 70 and if my wife waits it will be ...
by WolfgangPauli
Sun Nov 25, 2018 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion for Spousal IRA
Replies: 12
Views: 724

Re: Roth Conversion for Spousal IRA

As a follow-up to the OP [and others], if neither tIRA has any basis, why prefer converting funds from one over the other? I assume the OP is married filing jointly. Was relative age a factor? Was the lowest balance chosen to allow the conversion to make the biggest dent? I’m interested in the OPs ...
by WolfgangPauli
Sun Nov 25, 2018 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion for Spousal IRA
Replies: 12
Views: 724

Roth Conversion for Spousal IRA

Good Morning: Situation: We started investing in IRA's long before the Roth IRA. This meant that by the time the Roth hit we had a good amount of money in the regular IRA and a lot was cap gains. Because of the rules which take into account the entire IRA v. just the amount converted we never did a ...
by WolfgangPauli
Sun Nov 25, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Draw Question
Replies: 32
Views: 2964

Re: Social Security Draw Question

When your household income spikes, you need to be aware of the IRMAA. Depending on how much the MAGI is, both of you will be facing a big hike in Medicare premiums. You can google IRMAA so that you can incorporate that into your retirement planning. Thanks and good points. I did google it and it se...
by WolfgangPauli
Sun Nov 25, 2018 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation when adding funds
Replies: 4
Views: 440

Re: Asset Allocation when adding funds

I like rebalancing with new funds during the accumulation phase. Another little "trick" I use as I move more to bonds and less stocks in retirement funds is I direct the dividends and cap gains distribution from the total stock market index fund to the total bond market index fund. Not only am I add...
by WolfgangPauli
Sun Nov 25, 2018 7:50 am
Forum: Personal Consumer Issues
Topic: water drips from bathroom vent
Replies: 10
Views: 1101

Re: water drips from bathroom vent

Not sure where you live but it is not wise to have a bathroom vent which vents up through the roof and out as the longer the run the more likely hood of this happening. Try to vent out the side. Think about it in cold weather: You are taking very hot and extremely humid air and inducing into an alum...
by WolfgangPauli
Sun Nov 25, 2018 7:46 am
Forum: Personal Consumer Issues
Topic: Unsatisfactory Hotel Experience
Replies: 27
Views: 2960

Re: Unsatisfactory Hotel Experience

That is not nitpicking at all. Honestly, I use Yelp and I almost always get immediate responses. Yelp is an awesome tool and it helps with others as well.
by WolfgangPauli
Sun Nov 25, 2018 7:45 am
Forum: Investing - Help with Personal Investments
Topic: i-bonds vs muni bond
Replies: 18
Views: 3508

Re: i-bonds vs muni bond

Your 70% in equities should outstrip inflation over the long haul. The real question is, can you stick with 70% and not bail out when the equity markets lose 50%, which isn't out of the question. Only those who have gone through a deep and drawn out bear market can answer that question. I won't bai...
by WolfgangPauli
Sun Nov 25, 2018 7:42 am
Forum: Investing - Help with Personal Investments
Topic: i-bonds vs muni bond
Replies: 18
Views: 3508

Re: i-bonds vs muni bond

I have $10k to invest. I want to de-risk my taxable account a bit more, so I'm considering adding to my VWIUX holding (2.75%), or buying some i-bonds (2.83%). What are the typical things I should consider here? Just how much risk I'm willing to absorb? Does this question become kind of redundant wh...
by WolfgangPauli
Sun Nov 25, 2018 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Draw Question
Replies: 32
Views: 2964

Re: Social Security Draw Question

Using the calculator it essentially told me to: 1. Have my wife wait until full retirement age at 66yrs 7 months 2. Have me file on my full retirement age which is like 67 years. Not sure why and will need to do more work on it but I think I would wait until I am 70 and if my wife waits it will be s...
by WolfgangPauli
Sun Nov 25, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Black Swan Event for Health Insurance between Jobs: COBRA vs Obamacare Exchange?
Replies: 35
Views: 1753

Re: Black Swan Event for Health Insurance between Jobs: COBRA vs Obamacare Exchange?

I think the best bet given your situation: 1. Assign a limited power of attorney for 90 days to an attorney - hire one. 2. They can fill out the paperwork and track everything. 3. Once you are on the new health care you revoke the limited power of attorney. While economically this is not a great dea...
by WolfgangPauli
Sat Nov 24, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: COBRA [signing up for the first time]
Replies: 22
Views: 1167

Re: COBRA [signing up for the first time]

ragnathor wrote:
Sat Nov 24, 2018 8:23 am
I would like to suggest looking at the Healthcare Exchange. We found the premium to be much more reasonable for a plan that worked for us and the sign up process to be fairly straightforward.
I would be a bit careful with this because once you make that decision.. there is no going back..
by WolfgangPauli
Fri Nov 23, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Draw Question
Replies: 32
Views: 2964

Re: Social Security Draw Question

In cases where one spouse has a significantly higher income than the other spouse, it is very common that the best approach is for the lower earning spouse to file early and the higher earning spouse to delay to age 70. The reason is that the surviving spouse gets the larger benefit of the two. So ...
by WolfgangPauli
Fri Nov 23, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Draw Question
Replies: 32
Views: 2964

Social Security Draw Question

Hi, I am hoping someone can help with my situation or point me to a good source. The basic question: Should my wife file under her own work history for SS at 62? Here is the situation: Me: 56 Wife: 62 in January Facts: 1. I am still working and will continue working for many years. I also will wait ...
by WolfgangPauli
Wed Jul 04, 2018 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Can't participate in 401k for 1 year
Replies: 33
Views: 2704

Re: Can't participate in 401k for 1 year

If you are a W2 employee you cannot do a solo 401(K) that I am aware of. To do a solo 401K or a Sep IRA you would need income from a business you own and likely a sole proprietor. If you are doing that "on the side" you could plow a lot of that money into the solo 401k and then use your sign on bonu...
by WolfgangPauli
Wed Jun 06, 2018 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 250
Views: 33587

Re: Why pay cash for a car?

I am not arguing for any side, cash or finance the purchase. It is a personal decision based on many factors. Some of the arguments for cash however are totally false or does not make sense. Do you use credit cards? That is buying on credit but if you use it carefully and pay off balance on time yo...
by WolfgangPauli
Wed Jun 06, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Gift to Son and Effect on Gift Tax
Replies: 35
Views: 3490

Re: Gift to Son and Effect on Gift Tax

Even if you said no parental advice, I still want to praise that it is a nice thing to do. Thank you.. Sometimes I get people who tell me I am a horrible parent because I "give" these things away but honestly, I am not sure what the purpose of my life is except to make his even better than mine (an...
by WolfgangPauli
Mon May 28, 2018 6:06 pm
Forum: Personal Consumer Issues
Topic: Remote temperature monitoring
Replies: 24
Views: 2243

Re: Remote temperature monitoring

Check with your insurance company. I was offered 8 Honeywell Lyric devices free of charge by them as long as I allowed them permission to monitor. They alert on both temperature and humidity along with leaks.. I put one near each toilet, sink and washer machine. They all independently link to my wifi.
by WolfgangPauli
Mon May 28, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyers- Mortgage Questions
Replies: 29
Views: 2727

Re: First Time Home Buyers- Mortgage Questions

Just advice.. take it for what it is worth: 1. You said your combined income is $300K.. .Not sure if that is evenly distributed or not but lets assume it is. You are one job loss away from not being able to afford the home. When both my wife and I worked (many years ago) we had a rule to only take o...
by WolfgangPauli
Mon May 28, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Have you ever overpaid your federal income tax bill?
Replies: 17
Views: 1671

Re: Have you ever overpaid your federal income tax bill?

I think you file an amended return to get it back.
by WolfgangPauli
Mon May 28, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: CD question
Replies: 5
Views: 753

Re: CD question

What is the purpose of the money? Will you keep in cash? My overall general advice would be to take the 3 mo CD as the 1 year seems "OK" but nothing spectacular. I do not market time with stocks or interest rates however the Fed has all but promised us 3 more rate hikes so keeping your cash in a fai...
by WolfgangPauli
Mon May 28, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Gift to Son and Effect on Gift Tax
Replies: 35
Views: 3490

Gift to Son and Effect on Gift Tax

Hi, I plan on gifting two things to my son this year: 1. Pay off the remainder of student loans ($30k). 2. Give him a car (used that I do not use anymore) ($13K) I have already paid $20K in loans for him so in total I will give him (I say "I" but it is my wife and I) roughly $63K this year. My under...
by WolfgangPauli
Mon May 28, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 250
Views: 33587

Re: Why pay cash for a car?

My feeling is this: Always pay cash for a car as long as you can afford it. Here is the problem with loans: 1. A car is a DEPRECIATING ASSET in a big way and rule of thumb is not to take out a loan on a DA. Mortgages tend to work out because usually (although not always) the underlying asset (the ho...
by WolfgangPauli
Sun May 13, 2018 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Conserving Parent's Money to Pay for Assisted Living
Replies: 7
Views: 1705

Conserving Parent's Money to Pay for Assisted Living

Well, unfortunately that time has come. Let me give you some background. My Dad is 88 and my mom is 89. My father always handled his money but he recently had a stroke which has left his memory severely lacking. He can no longer manage his finances and after being married for over 60 years where he ...
by WolfgangPauli
Sat Apr 21, 2018 12:34 pm
Forum: Personal Consumer Issues
Topic: Long term care ins John Hancock
Replies: 32
Views: 2073

Re: Long term care ins John Hancock

The quickest and easiest way to get a claim paid is to have a large home care agency file it for you. That's what we did. All my relative had to do was sign two HIPAA forms and the home care agency took care of the rest. The claim was approved in about 3 weeks. The company was also John Hancock. Wo...
by WolfgangPauli
Sat Apr 21, 2018 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Want to be 100% in stock index funds ,
Replies: 31
Views: 3811

Re: Want to be 100% in stock index funds ,

I paraphrased.. what he has said, over and over, is he would never guess what was going to happen in the market in anything less than 10 year increments. Which implies, if you think you need the money in less than 10 years you should be somewhere safe because you may end up needing it in the absolut...
by WolfgangPauli
Sat Apr 21, 2018 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Want to be 100% in stock index funds ,
Replies: 31
Views: 3811

Re: Want to be 100% in stock index funds ,

I will be retiring soon and I have been reading Morningstars ETF Inverter , and the AAII publication for several years. I think I can do ok without taking anything out of my portfolio for the first 5 years or so . So it seems to me that I'll be better off in 5 years if I'm totally in Total world st...
by WolfgangPauli
Sat Apr 21, 2018 10:31 am
Forum: Personal Consumer Issues
Topic: Long term care ins John Hancock
Replies: 32
Views: 2073

Re: Long term care ins John Hancock

This may be a really good use of Ibond investing. Since I did not need to use my iBonds for my son's education I have "repurposed" that money for self funding LTC. I think, in the long run, it will be better because I think, again, in the long run, the idea of a long stay at a hospital or nursing ho...
by WolfgangPauli
Sat Apr 21, 2018 9:02 am
Forum: Personal Consumer Issues
Topic: Long term care ins John Hancock
Replies: 32
Views: 2073

Re: Long term care ins John Hancock

I recently had this issue with a policy from Allstate. It was "nursing home" insurance which was bought, and has been paid for since, in 1989. A couple of things. The part of the company who sold this policies is long gone out of the "normal" allstate and no one could help at Allstate. They literall...
by WolfgangPauli
Sun Feb 25, 2018 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: Help - what's your Favorite muni fund and why?
Replies: 20
Views: 3248

Re: Help - what's your Favorite muni fund and why?

I have a mix of intermediate term muni bond fund and short term muni bond fund.. both in Vanguard. works well for me for all the reasons the OP discussed.
by WolfgangPauli
Sun Feb 25, 2018 9:53 pm
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 15609

Re: How Far is too Far, Commuting?

One other aspect.. I am commuting a distance as I live in a no tax state but work in tax state. I am able to file as a NR (non resident) in the tax state which means all my other income (dividends etc.) are not subject to state tax. I also can keep a diary and when I am out of the state working (i.e...
by WolfgangPauli
Sat Feb 24, 2018 6:30 pm
Forum: Investing - Theory, News & General
Topic: Buffett's Shareholder Letter [2017]
Replies: 47
Views: 5187

Re: Buffett's Shareholder Letter [2017]

I think we are making a mistake by trying to apply his business investment strategy v. a personal strategy. I am lucky enough to work for a company which is 100% owned by WB / BH. His views are mostly how he invests his business money. Remember, he buys stocks but he also buys companies.. and holds ...
by WolfgangPauli
Sat Feb 24, 2018 6:04 pm
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 15609

Re: How Far is too Far, Commuting?

On a typical day I drive just under 40 miles each way which averages 45 minutes in the morning and 53 in the evening, not in a quiet area but happily not in a heavily congested area either (though those options are nearby). I do not mind this level of commute and have been doing it for quite some t...
by WolfgangPauli
Sat Feb 24, 2018 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA [Should my wife take COBRA coverage?]
Replies: 20
Views: 1991

Re: COBRA

Not sure if the deal is already done or not but you should always get the new employer to cover the COBRA costs of the gap period. This is very standard now and, in fact, most companies do not even wait to negotiate that... they just do it. You would pay the COBRA and they would reimburse you. Reme...
by WolfgangPauli
Sat Feb 24, 2018 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA [Should my wife take COBRA coverage?]
Replies: 20
Views: 1991

Re: COBRA

Not sure if the deal is already done or not but you should always get the new employer to cover the COBRA costs of the gap period. This is very standard now and, in fact, most companies do not even wait to negotiate that... they just do it. You would pay the COBRA and they would reimburse you. Reme...
by WolfgangPauli
Sat Feb 24, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: What to do — forgot to file gift tax for 529 plan contribution
Replies: 7
Views: 1037

Re: What to do — forgot to file gift tax for 529 plan contribution

Is this your child? I did not know you had to file a gift tax for a 529 contribution. I thought education was exempt from that.