Search found 246 matches

by Swimmer
Sat Sep 15, 2018 6:17 pm
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 304
Views: 52416

Re: What is your luxury good?

My Vitamix.
by Swimmer
Sat Sep 15, 2018 4:55 pm
Forum: Personal Consumer Issues
Topic: Is Hardwood Floor No Maintenance (vs Carpet)?
Replies: 39
Views: 3718

Re: Is Hardwood Floor No Maintenance (vs Carpet)?

Hard floors are generally very easy to care for. We have it in our condo, but run a cordless Shark over it once a day. Takes five minutes. If we don’t, we’d see stuff (dust, crumbs, etc.) A lighter color shows less, but it still shows. A Romba is a good alternative, but don’t just neglect it. No mat...
by Swimmer
Sat Sep 08, 2018 7:11 am
Forum: Investing - Help with Personal Investments
Topic: Is Treasury Direct worth the hassle?
Replies: 52
Views: 4742

Re: Is Treasury Direct worth the hassle?

No problem with TD. Ours is owned under our trust. I sent TD a message asking what our successor trustee (son) would need to do to access the funds when he assumes management of the trust. Oh my!! It sounds so convoluted a process and, of course, involves a medallion signature and a long government...
by Swimmer
Sat Aug 25, 2018 8:59 am
Forum: Investing - Help with Personal Investments
Topic: Is Treasury Direct worth the hassle?
Replies: 52
Views: 4742

Re: Is Treasury Direct worth the hassle?

Posts like these concern me: https://www.bogleheads.org/forum/viewtopic.php?t=220965 .. but there's no other way to buy I-bonds, so I suck it up and deal with it for that. I'm not sure I understand their logic for what actions require a Medallion Signature Guarantee. The last time I added an online...
by Swimmer
Wed Aug 22, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Varying college costs across kids in the same family
Replies: 92
Views: 5141

Re: Varying college costs across kids in the same family

In several threads on paying for college I've noticed parents feel the need to make things even. If one child eats more in 18 years than the other do you pay the difference? If you pay more for activities of one child versus the other do you pay the difference? ...just food for thought. Many folks ...
by Swimmer
Wed Aug 22, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions for a Generous Grandparent?
Replies: 53
Views: 4329

Re: Suggestions for a Generous Grandparent?

Someone may raid it right away. sorry, I don’t understand. How could someone raid it when you’re the account owner? If everyone handled it well, I'd make another larger round of funding later. And then I'd consider doing it out of a 529 plan once it was apparent the discipline and values appeared t...
by Swimmer
Wed Aug 22, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions for a Generous Grandparent?
Replies: 53
Views: 4329

Re: Suggestions for a Generous Grandparent?

same amount to each child, their age or time horizon aren't relevant. You cant give one child more because they are older and a younger child less. There is no way to rationalize that to those children. Whatever she intends to give in total, split even 5 ways. Each child should just feel extremely ...
by Swimmer
Fri Aug 17, 2018 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Financially Wise to Help Adult Child Buy Larger House
Replies: 18
Views: 2143

Re: Financially Wise to Help Adult Child Buy Larger House

Thank you for quick responses and ideas to consider. We have about $1m in IRAs and investments plus a house worth about $250K. I have LTC but my husband does not. His IRAs would cover about 3 yrs of care in Memory facility if it was necessary to put him there. We have monthly income of about $5K. I...
by Swimmer
Fri Aug 17, 2018 11:14 am
Forum: Personal Consumer Issues
Topic: Travel delay: Can I *easily* get $60 back?
Replies: 39
Views: 2676

Re: Travel delay: Can I *easily* get $60 back?

Thanks, Victoria. I appreciate the quick response and advice.
by Swimmer
Fri Aug 17, 2018 10:50 am
Forum: Personal Consumer Issues
Topic: Travel delay: Can I *easily* get $60 back?
Replies: 39
Views: 2676

Re: Travel delay: Can I *easily* get $60 back?

Being out $60 has already been well worth it if you ask me. You are no longer worrying about the rest of the money you spent on your trip! JT I worry more about stupid expenses than total expenses. I spent over $900 on the BWI-FRA (one-way) business flight because I wanted to arrive to Europe well ...
by Swimmer
Fri Aug 17, 2018 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Financially Wise to Help Adult Child Buy Larger House
Replies: 18
Views: 2143

Re: Financially Wise to Help Adult Child Buy Larger House

Thank you for quick responses and ideas to consider. We have about $1m in IRAs and investments plus a house worth about $250K. I have LTC but my husband does not. His IRAs would cover about 3 yrs of care in Memory facility if it was necessary to put him there. We have monthly income of about $5K. I...
by Swimmer
Fri Aug 17, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Elderly Relative Short on Money
Replies: 98
Views: 8765

Re: Elderly Relative Short on Money

OP indicates MIL currently works part-time planning/decorating. Is her cognitive ability failing? If not, I agree that a job would be the answer, and it sounds like she does have marketable skills. I would encourage employment for obvious financial reasons as well as physical and psychological stimu...
by Swimmer
Wed Aug 08, 2018 11:13 am
Forum: Personal Consumer Issues
Topic: Do You Purchase "Medical Evacuation Insurance" When You Travel?
Replies: 176
Views: 9765

Re: Do You Purchase "Medical Evacuation Insurance" When You Travel?

I've purchased the flights/hotels for a trip to Italy from Costco Travel, using a Costco Citi Visa credit card. The card provides trip cancellation insurance up to $3,000/person, which is sufficient if one of us gets ill. However, it doesn't provide medical evacuation insurance, and I'd have to pur...
by Swimmer
Sat Aug 04, 2018 6:45 pm
Forum: Personal Consumer Issues
Topic: USPS Informed Delivery
Replies: 43
Views: 3187

Re: USPS Informed Delivery

if you have a credit freeze with experian or equifax you will need to thaw it out for trying again. Hadn't thought of that. Maybe that's why my online verification bombed. I do have a credit freeze. We have credit freezes and had no problem getting on Informed Delivery. We signed up when it was fir...
by Swimmer
Sat Aug 04, 2018 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: $100k Liquid, 21, no college education
Replies: 25
Views: 2522

Re: $100k Liquid, 21, no college education

Meant to add—nice job on the website.
by Swimmer
Sat Aug 04, 2018 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: $100k Liquid, 21, no college education
Replies: 25
Views: 2522

Re: $100k Liquid, 21, no college education

WOW! Just MHO but I think you’d be bored in college. Very impressive. Congratulations.
by Swimmer
Sat Jul 21, 2018 1:24 pm
Forum: Personal Consumer Issues
Topic: Best luxury vinyl plank flooring?
Replies: 19
Views: 1810

Re: Best luxury vinyl plank flooring?

We had Mannington Adura installed two years ago and cannot be more happy. It’s the perfect flooring solution for any house, any room, imo. We also used this brand in a seasonal home. We think it was a good choice since it’s waterproof and very durable. Easy to care for. The installation was very la...
by Swimmer
Sat Jul 21, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 157
Views: 13695

Re: Should I Dump a Pile of Money on Young Son?

Congratulations on raising a great kid! A couple thoughts: —If he turned down “half a new car,” what makes you think he’d be comfortable accepting 1M? —OP indicates he’d want him to “hold on to it until...” This is troublesome in that it seems to indicate OP wants to maintain at least some degree of...
by Swimmer
Thu Jul 19, 2018 6:57 am
Forum: Personal Consumer Issues
Topic: Planning a trip to France in June 2019 - ADvice ?
Replies: 28
Views: 2053

Re: Planning a trip to France in June 2019 - ADvice ?

yukonjack wrote:
Wed Jul 18, 2018 10:23 pm
Read Rick Steves
+1
by Swimmer
Wed May 16, 2018 1:29 pm
Forum: Personal Consumer Issues
Topic: Free skin cancer screenings
Replies: 26
Views: 2489

Re: Free skin cancer screenings

Having just returned from a skin graft surgery with a plastic surgeon, this thread caught my eye. He and I discussed how folks think melanoma when they think skin cancer. You see the A, B, C, D thing everywhere these days. Yes, melanoma is the deadliest form as well as the rarest form. It’s also com...
by Swimmer
Mon May 14, 2018 6:43 am
Forum: Personal Finance (Not Investing)
Topic: Buying land in central FL
Replies: 55
Views: 5734

Re: Buying land in central FL

I live in Central Florida. I love it. One important caution: be sure you are able to purchase sinkhole insurance. Some insurance companies will not write it.
by Swimmer
Sun May 13, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Moving Assets into an Irrevocable Trust
Replies: 5
Views: 606

Re: Moving Assets into an Irrevocable Trust

The trustee is the legal owner, in his/her capacity as trustee. The beneficiaries of the trust are the beneficial owners. Revocable trusts make sense in some cases, and in some states, though for most people in most states they're not necessary. They're not commonly used in New York. In most cases,...
by Swimmer
Sun May 13, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Moving Assets into an Irrevocable Trust
Replies: 5
Views: 606

Moving Assets into an Irrevocable Trust

Friends of ours transferred their homes into an irrevocable trust, naming one of their adult children as trustee. I assume this means this child now legally owns the homes. (Just my assumption...but his name is on the deed as Trustee). Our friends are in their mid-70s and live in New York. This is a...
by Swimmer
Fri Apr 27, 2018 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Newly widowed and waay out of my league
Replies: 41
Views: 5599

Re: Newly widowed and waay out of my league

So very sorry for your loss. I can’t even imagine what you’re going through. Many on this board can better advise you on financial matters. My suggestion at this point is please don’t rush in making decisions.
by Swimmer
Thu Mar 22, 2018 2:55 pm
Forum: Investing - Theory, News & General
Topic: Medicare IRMAA
Replies: 19
Views: 1920

Re: Medicare IRMAA

I am trying to understand how Medicare IRMAA (Income Related Income Adjustment Amounts) would work in the following case: 1) We have a lot of U.S. EE Savings Bonds where we have deferred paying tax on their annual interest until they will mature in 2022. So in 2022 we will have a 'huge' amount of i...
by Swimmer
Wed Mar 21, 2018 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Roth withdrawals and IRMAA
Replies: 10
Views: 739

Re: Roth withdrawals and IRMAA

Thanks, all, for your responses. I knew I’d get good info here! Lady Geek, thanks for fixing my spelling.
by Swimmer
Wed Mar 21, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Roth withdrawals and IRMAA
Replies: 10
Views: 739

Roth withdrawals and IRMAA

We’ve been retired for some time and have yet to make a Roth withdrawal. I have two questions: I know our Roth withdrawals will be Federal tax free but must they be reported on one’s tax return? If so, where? Also, would Roth withdrawals be included in MAGI for IIRMA purposes like tax-exempt interes...
by Swimmer
Wed Feb 28, 2018 8:11 pm
Forum: Personal Consumer Issues
Topic: What age is too old to stop hostelling?
Replies: 54
Views: 5492

Re: What age is too old to stop hostelling?

I was going to ask if something called "Elderhostel" still existed. Then I just Googled it myself, and was surprised to find it wasn't Elderhostel but something called Road Scholar. Now catering to Baby Boomers and less hostel-like, I guess. No, not hostel-like. I’m booked on a RS program to see th...
by Swimmer
Sun Feb 25, 2018 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: 529 allocation for 10 & 12 year olds
Replies: 12
Views: 997

Re: 529 allocation for 10 & 12 year olds

I just switched them to the moderate portfolio. I think you’re correct that the timeframe is rather short. I’ll sleep better :happy
by Swimmer
Fri Feb 23, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Refund? Not so fast! [Tax refund]
Replies: 30
Views: 3200

Re: Refund? Not so fast! [Tax refund]

Swimmer wrote:
Fri Feb 23, 2018 6:31 pm
pennstater2005 wrote:
Fri Feb 23, 2018 6:30 pm
Swimmer wrote:
Fri Feb 23, 2018 6:29 pm
pennstater2005 wrote:
Fri Feb 23, 2018 6:23 pm
Swimmer wrote:
Fri Feb 23, 2018 6:09 pm
Uh-oh. Now I’m worried :shock:
When did you file?

Regular mail February 6.
Direct deposit for refund?
Yes
The refund is negligible. But I would like to be sure they got the return. The site won’t give me that info yet.
by Swimmer
Fri Feb 23, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Refund? Not so fast! [Tax refund]
Replies: 30
Views: 3200

Re: Refund? Not so fast! [Tax refund]

pennstater2005 wrote:
Fri Feb 23, 2018 6:30 pm
Swimmer wrote:
Fri Feb 23, 2018 6:29 pm
pennstater2005 wrote:
Fri Feb 23, 2018 6:23 pm
Swimmer wrote:
Fri Feb 23, 2018 6:09 pm
Uh-oh. Now I’m worried :shock:
When did you file?

Regular mail February 6.
Direct deposit for refund?
Yes
by Swimmer
Fri Feb 23, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Refund? Not so fast! [Tax refund]
Replies: 30
Views: 3200

Re: Refund? Not so fast! [Tax refund]

pennstater2005 wrote:
Fri Feb 23, 2018 6:23 pm
Swimmer wrote:
Fri Feb 23, 2018 6:09 pm
Uh-oh. Now I’m worried :shock:
When did you file?

Regular mail February 6.
by Swimmer
Fri Feb 23, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Refund? Not so fast! [Tax refund]
Replies: 30
Views: 3200

Re: Refund? Not so fast! [Tax refund]

Uh-oh. Now I’m worried :shock:
by Swimmer
Fri Feb 23, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: anonymous financial gift to student / best gift card option
Replies: 54
Views: 3429

Re: anonymous financial gift to student / best gift card option

Upon further thought, my vote is to send him a Money Order. If he is a potential BH, he’ll put the money in his savings account and use it when he needs it. Carrying around a gift card worth ~$1k isn’t something I’d want to do and it pays no interest whatsoever. Besides, a money order is kind of qua...
by Swimmer
Fri Feb 23, 2018 2:50 pm
Forum: Personal Consumer Issues
Topic: anonymous financial gift to student / best gift card option
Replies: 54
Views: 3429

Re: anonymous financial gift to student / best gift card option

I think your generosity is admirable. That said, in this day and age, the student could feel very uncomfortable about the anonymous nature of this gift. Can you possibly just tell the student you admire the path they are taking and would like to help. That is, drop the anonymity. Also, keep in mind ...
by Swimmer
Fri Feb 23, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Refund? Not so fast! [Tax refund]
Replies: 30
Views: 3200

Refund? Not so fast! [Tax refund]

Just went to irs.gov to try to check status of my refund. They have a tweet posted indicating things take time and refunds should start arriving by February 27.

Hmmm.
by Swimmer
Wed Feb 21, 2018 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Tiny Windfall But Big Help
Replies: 11
Views: 1636

Re: Tiny Windfall But Big Help

indexonlyplease wrote:
Wed Feb 21, 2018 10:40 am
Sandtrap wrote:
Wed Feb 21, 2018 10:31 am
Car Loan.
Avoid future debt.
j :D
+1
+1 I just paid off my 2.4% car loan. Feels good.
by Swimmer
Mon Feb 19, 2018 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Job is starting to suck the life out of me.
Replies: 80
Views: 10595

Re: Job is starting to suck the life out of me.

I’m very happily retired now, but looking back I see that I took things much too seriously and cared far too much. That’s my nature. I would have been much happier had I just lightened up and gone with the flow. I worked for Government and not-for-profits. So glad we saved and were able to retire ea...
by Swimmer
Sat Feb 17, 2018 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: what is marginal tax rate?
Replies: 29
Views: 2753

Re: what is marginal tax rate?

Thanks, all, for the explanations. :happy
by Swimmer
Fri Feb 16, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: what is marginal tax rate?
Replies: 29
Views: 2753

Re: what is marginal tax rate?

A person's marginal tax rate is the highest rate at which an individual's maximum earnings (the last dollar of taxable income that an individual earns) is taxed. Your first dollar of taxable income is taxed at the lowest rate. When your income hits the second tax bracket, THOSE dollars are taxed at...
by Swimmer
Fri Feb 16, 2018 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: what is marginal tax rate?
Replies: 29
Views: 2753

Re: what is marginal tax rate?

Just a thought...seems like it should be called MAXIMUM tax rate rather than MARGINAL. Why marginal?
Seems strange nomenclature.
by Swimmer
Fri Feb 16, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 60
Views: 8612

Re: IRS Form 8606 (Nondeductible IRAs)

Got tired of waiting. I printed out my return using FFFF. I attached hand written 8606s and mailed it in a week ago. Easy peasy. :happy
by Swimmer
Sun Feb 11, 2018 12:13 pm
Forum: Local Chapters and Bogleheads Community
Topic: [When will 2018 Bogleheads Conference Announcement be Made?]
Replies: 8
Views: 2366

Boglehead Conference

Where would I find info on this year’s conference? I did a search but didn’t find it. I was too late last year.
by Swimmer
Fri Feb 09, 2018 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 318
Views: 27835

Re: free dinner investing seminar

Listening to such a pitch would raise my blood pressure and defeat the whole point of a nice dinner out. I’d rather pay for the meal myself and actually enjoy it, or, more likely, cook a nice steak at home for $15 or so. +1. We attended one of these just to see what it was like. The guy in charge k...
by Swimmer
Thu Feb 08, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: 8606 problem TurboTax
Replies: 5
Views: 896

Re: 8606 problem TurboTax

Just MHO but if you know how to do your taxes, why not use FFFF and save yourself aggravation? I abandoned TT several years ago and haven’t looked back.
by Swimmer
Thu Feb 08, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 60
Views: 8612

Re: IRS Form 8606 (Nondeductible IRAs)

Well it's 2/8/2018 and Form 8606 and the instructions are available as pdf forms on the IRS website but the online Free File Fillable Forms (FFFF) still won't let you add the form to your return. It is on the supported form list with an availability listed as today. Does anyone know if there is a d...
by Swimmer
Sun Feb 04, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 60
Views: 8612

Re: IRS Form 8606 (Nondeductible IRAs)

It's now online!
by Swimmer
Fri Feb 02, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 60
Views: 8612

Re: IRS Form 8606 (Nondeductible IRAs)

Why the rush? I usually hold off filing until at least March, lest I get "corrected" 1099s and have to file a 1040X. In my case, the "rush" is I've moved on to other more important projects now and want to slam the door on this still pending project which I began in December when preliminary tax so...
by Swimmer
Fri Feb 02, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 60
Views: 8612

Re: IRS Form 8606 (Nondeductible IRAs)

Why the rush? I usually hold off filing until at least March, lest I get "corrected" 1099s and have to file a 1040X. The “rush” for me is the increase in the probability of someone filing a return FOR me to fraudulently claim a refund. This is a legitimate concern, especially for taxpayers in Flori...
by Swimmer
Tue Jan 30, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 60
Views: 8612

Re: IRS Form 8606 (Nondeductible IRAs)

Unless rules have changed, you can go ahead and file the Federal return and mail the 8606s separately. I used a 2016 8606 to do the calculations to determine the taxable amounts that are used on the 1040. That calculation doesn’t change even though the form might. That said, I’ll wait until 2/8 to g...