Search found 130 matches

by Lexi
Wed Apr 01, 2020 8:23 am
Forum: Personal Finance (Not Investing)
Topic: resolved: IRS letter *not* received
Replies: 22
Views: 1869

Re: IRS letter *not* received - suggestions?

The button on informed delivery that lets you report it as not delivered only stays available for one week. Don't wait more than six days to do that. I have had items delivered as long as about two weeks late. Reporting the item to USPS helps them keep track of their rates but they may not be able t...
by Lexi
Mon Mar 16, 2020 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Using DAF funds in times of trouble
Replies: 8
Views: 576

Using DAF funds in times of trouble

For those of us who have $ sitting in Donor Advised Funds I welcome suggestions of worthy organizations to support in the current and extended future times of trouble.
by Lexi
Mon Feb 17, 2020 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: do you check your taxes when using tax software?
Replies: 54
Views: 3656

Re: do you check your taxes when using tax software?

I have found software frequently bad on state taxes and stopped even using it for those. There were so many mistakes that it is easier and more reliable to set up my own forms for those returns. This may depend on what state you are in, how complicated their taxes are, and how much they differ from ...
by Lexi
Mon Jan 20, 2020 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Social Security at 70 if you filed and suspended
Replies: 12
Views: 1623

Re: Social Security at 70 if you filed and suspended

Ours started exactly as they say it will without doing anything more. You have already filed on your account and turning 70 is the last month worth waiting so lifting the suspension is automatic. You will get a notice but it usually does not arrive until close to the start date. If your spouse has c...
by Lexi
Tue Jan 14, 2020 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Newly married! combining investing philosophies
Replies: 24
Views: 2629

Re: Newly married! combining investing philosophies

Hello all I am newly married to my wonderful bride. We are in our late 20s, early 30s. We both have very different financial backgrounds and upbringings. My history is that I have lived quite frugally through medical school residency and have basically formed my investing philosophy through reading...
by Lexi
Wed Jan 08, 2020 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: [Estate planning] Simplicity: Inherit outright vs trusts for kids?
Replies: 28
Views: 3354

Re: [Estate planning] Simplicity: Inherit outright vs trusts for kids?

I generally believe that equals should be treated equally unless strong reasons suggest otherwise. One such reason would come from the range of ages and the possibility that the second spouse could die after the oldest child was an adult but the younger 1 or 2 were still minors. In that situation I ...
by Lexi
Wed Oct 30, 2019 1:07 pm
Forum: Personal Investments
Topic: Should I convert my wife's 401k to IRA?
Replies: 32
Views: 1139

Re: Should I convert my wife's 401k to IRA?

Hi Bogleheads, Looking to update 401k for my wife. She was let go by her employer in 2018, and her 401k has continued to grow in a 2040 target date fund (which isn’t too bad), but is definitely limited on diversification opportunities. See available options below. She has since started a new contra...
by Lexi
Sat Oct 12, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Working in a different city
Replies: 32
Views: 2332

Re: Working in a different city

When both members of a couple have ambitious, intense professions it is very difficult to find situations where each has a fully challenging job in the same location, especially when a short commute is required. Even if they manage to get that situation, eventually one will need to move on to a new ...
by Lexi
Mon Oct 07, 2019 6:27 pm
Forum: Personal Consumer Issues
Topic: Social Security Card as Identification for Real ID
Replies: 78
Views: 7195

Re: Social Security Card as Identification for Real ID

If you have a passport, why not just get a passport card to use as your Real ID? One government agency to deal with. I suppose you can do that. Having your DL certified takes minutes. I was just into our local MV location this last Thursday and I was in and out in under 10 minutes. How I envy you. ...
by Lexi
Sat Oct 05, 2019 3:22 pm
Forum: Personal Consumer Issues
Topic: Social Security Card as Identification for Real ID
Replies: 78
Views: 7195

Re: Social Security Card as Identification for Real ID

If you have a passport, why not just get a passport card to use as your Real ID?
One government agency to deal with.
by Lexi
Thu Sep 19, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Elderly parents in assisted living with new high costs; seeking advice
Replies: 27
Views: 3629

Re: Elderly parents in assisted living with new high costs; seeking advice

Patients with vascular dementia, unlike those with Alzheimer's, have cognitive decline that is associated with physical (vascular/ cardiac) decline. The point estimate of life expectancy from diagnosis is ~2 years. YMMV but the distribution is not like other forms of dementia. While a physician must...
by Lexi
Thu Sep 19, 2019 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Elderly parents in assisted living with new high costs; seeking advice
Replies: 27
Views: 3629

Re: Elderly parents in AL with new high costs; seeking advice

An excellent book to read:
Being Mortal by Atul Gawande
by Lexi
Thu Sep 19, 2019 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Elderly parents in assisted living with new high costs; seeking advice
Replies: 27
Views: 3629

Re: Elderly parents in AL with new high costs; seeking advice

A tough situation! I have somewhat similar experiences, a mother who had vascular dementia and an aunt and uncle who really needed to be kept together. The reality is that each of your parents has a short life expectancy and keeping them together as long as possible seems paramount to me. I would ex...
by Lexi
Fri Sep 13, 2019 8:25 am
Forum: Investing - Theory, News & General
Topic: Vanguard Flagship Services -- Another One Bites the Dust
Replies: 51
Views: 9741

Re: Vanguard Flagship Services -- Another One Bites the Dust

I used the Flagship consult once mostly to see what it offered. I asked several questions, some of which were very bogleheads and some of which were not. The rep was unable to give a reasonable response to my questions. My impression was that he had a one-page cheat sheet in front of him and just pi...
by Lexi
Mon Aug 19, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Close on first home on Wednesday, might not take possession until 30 days... advice please
Replies: 48
Views: 4009

Re: Close on first home on Wednesday, might not take possession until 30 days... advice please

I think discussion of what rent should be required is not really relevant. If the seller stays rent free for a month that is actually a way of increasing the purchase price that was more palatable to the buyer. What matters is assuring the condition of the house, covering damage if any, and getting ...
by Lexi
Sun Aug 18, 2019 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Close on first home on Wednesday, might not take possession until 30 days... advice please
Replies: 48
Views: 4009

Re: Close on first home on Wednesday, might not take possession until 30 days... advice please

Make sure your homeowners’ policy covers what could happen during this period. The post 30 day at $100 a day would bother me. Is there a time limit on that? I would tell them ahead of the closing that you will be scheduling work for immediately after possession and will be in and out with contractor...
by Lexi
Wed Aug 14, 2019 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: CCC 90% back option vs. lower entrance fee
Replies: 2
Views: 374

Re: CCC 90% back option vs. lower entrance fee

My mother moved into a CCRC with traditional and 90% back options. They were somewhat different from what you describe. The money put down in the traditional plan disappeared at 1.5% per month which meant you got nothing back after 5 years and some months. With the 90% plan the 10% disappeared by 5 ...
by Lexi
Tue Jul 23, 2019 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Would you have your teen attend a meeting with your CFP?
Replies: 33
Views: 1861

Re: Would you have your teen attend a meeting with your CFP?

I would start with expenses in teaching a 13 year old about financial matters. If you have never had more than an allowance and gifts to your name, most adult incomes look substantial until you get a grasp on the cost of housing, food, automobiles, health insurance, etc. If you start there he will h...
by Lexi
Fri Jun 28, 2019 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Standalone Umbrella Policy
Replies: 11
Views: 1182

Re: Standalone Umbrella Policy

If you don't own a car or a home, what potential liabilities are you trying to cover with an umbrella policy? Maybe you should consider other ways of covering those risks.
by Lexi
Thu Jun 27, 2019 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Wrong health insurance billed. Notified us too late to bill correct provider?
Replies: 6
Views: 586

Re: Wrong health insurance billed. Notified us too late to bill correct provider?

“If you want to be paid, you have to bill my primary insurance.” Repeat as often as necessary. If they took too long, that is their problem. An individual’s coverage often may change or they may have a secondary insurance. The provider has to make sure the records are accurate. As long as you tell t...
by Lexi
Tue Jun 18, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a CFP
Replies: 13
Views: 1574

Re: Becoming a CFP

The requirement is at least a Bachelor's degree from an accredited institution. You are fine there. Having a degree in a relevant field can allow you to take the exam without taking all of the courses, but that is not important for you. I considered the same path myself but decided against it. The s...
by Lexi
Sun Jun 16, 2019 5:22 pm
Forum: Personal Consumer Issues
Topic: 70th Birthday Party Ideas
Replies: 11
Views: 921

Re: 70th Birthday Party Ideas

Just recently I saw two old friends, identical twins, who had recently had a 70th birthday party with family and friends. What they talked about that seemed to give them the most pleasure was that it was the first time their children had gotten together to plan something and had pulled it off.
by Lexi
Sat Jun 08, 2019 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Is POD the best designation for Mom’s checking account?
Replies: 38
Views: 3055

Re: Is POD the best designation for Mom’s checking accou

Some money should be left in the estate, not POD. Even with ideal sibling relationships you do not want each sibling to have to return money to cover these expenses. You also should assume that some expenses may need to be paid before you have official documentation as the executor, such as at least...
by Lexi
Wed Jun 05, 2019 10:15 am
Forum: Investing - Theory, News & General
Topic: Being a conservative investor is not always a bad thing
Replies: 30
Views: 2640

Re: Being a conservative investor is not always a bad thing

The main reason to hold bonds is not to maximize return over an extended period. It is to reduce volatility.
by Lexi
Wed May 22, 2019 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs from an inherited-inherited IRA...is Fidelity wrong?
Replies: 18
Views: 2867

Re: RMDs from an inherited-inherited IRA...is Fidelity wrong?

With Fidelity, Vanguard, or any other financial services firm I have dealt with I would be surprised to get a correct answer to a non-routine question of this sort unless you reach their one true expert in the topic area. That is the main reason I would cash out a low balance inherited IRA -- after ...
by Lexi
Thu May 02, 2019 6:34 am
Forum: Personal Consumer Issues
Topic: Questions for Folks that Does Not Need Their 401k/IRA Funds in Retirement
Replies: 67
Views: 5742

Re: Questions for Folks that Does Not Need Their 401k/IRA Funds in Retirement

His wife has nagged him over the years to loosen up the funds and to travel more & remodel kitchen. That is sad and wrong. He must have missed the lecture about sharing financial decision making. That's a ridiculous comment on many different levels, and we are not supposed to comment on ethics on t...
by Lexi
Tue Mar 19, 2019 4:08 pm
Forum: Personal Consumer Issues
Topic: Men's travel shoes. One pair for hiking/biking/walking/dining
Replies: 56
Views: 5174

Re: Men's travel shoes. One pair for hiking/biking/walking/dining

None of these will be good for serious hiking or for biking or for dressy restaurants. Also, what will you wear after a rainy day when your shoes are still wet?
I would wear real hiking boots on the plane and pack a pair of shoes that look a bit less casual but are still good for walking.
by Lexi
Wed Feb 20, 2019 12:44 pm
Forum: Personal Consumer Issues
Topic: Advice for young teen with Perfectionism
Replies: 22
Views: 1537

Re: Advice for young teen with Perfectionism

I was like that as a child. At some point I realized that it is easy to be perfect -- just set low goals. If you set high goals, you cannot always be perfect. Therefore, always being perfect shows low ambition and lack of success.

Repeating that message as needed worked and still works for me.
by Lexi
Wed Feb 13, 2019 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Another Medicare Question: Keep Spouse on Employer Plan or go on Medicare?
Replies: 6
Views: 405

Re: Another Medicare Question: Keep Spouse on Employer Plan or go on Medicare?

If you do get hit by IRMAA, you should be able to apply for an exception based on your income going down with retirement.
by Lexi
Wed Feb 13, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Another Medicare Question: Keep Spouse on Employer Plan or go on Medicare?
Replies: 6
Views: 405

Re: Another Medicare Question: Keep Spouse on Employer Plan or go on Medicare?

If you don’t sign up for Medicare when first eligible, you have to pay a penalty forever after you do sign up. One exception is being covered by your own or your spouse’s coverage from current employment. COBRA does not qualify for that exception. That endless stream of extra payments will heavily t...
by Lexi
Sat Dec 15, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Law school without practicing law
Replies: 79
Views: 6482

Re: Law school without practicing law

I see, good point about medical doctors. So “Doctor” really refers in practice to someone who has both graduated medical school and passed the licensing exam? As for doctors of philosophy, all I can say is that at least in the sciences, someone who self-titled as “Doctor” would be looked upon very d...
by Lexi
Sat Dec 15, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Law school without practicing law
Replies: 79
Views: 6482

Re: Law school without practicing law

In my opinion, calling oneself “Dr.” is acceptable only if one is a medical doctor, since disambiguation is important in that case — e.g. to make it clear one is authorized to write a prescription or perform surgery. Other kinds of doctors (PhDs, DPhils etc.) should never call themselves “Dr.,” thou...
by Lexi
Sun Nov 25, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: SS and WEP [Social Security and Windfall Elimination Provision]
Replies: 15
Views: 1184

Re: SS and WEP

When she reaches FRA and has the option to draw against my SS account, does anyone know if her total is also subject to WEP? It would seem not as even a never-working spouse can get 50% so why should she be penalized? I can't find this addressed on the SSA site. Thanks... If your wife had worked at...
by Lexi
Sun Nov 25, 2018 10:41 am
Forum: Personal Consumer Issues
Topic: Aging Parent's deteriorating home
Replies: 30
Views: 4128

Re: Aging Parent's deteriorating home

Since they still appear to be competent and willing to deal with major issues, I would be positive about what they have done and talk to them about the next major issue. That seems to be the water in the basement. Assume that they may not be aware of things they are used to or just haven’t gotten to...
by Lexi
Tue Nov 06, 2018 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can't Create SS Account - Security Questions Mismatch
Replies: 13
Views: 1622

Re: Can't Create SS Account - Security Questions Mismatch

SSA gets the questions from a Credit Bureau. I don’t believe the credit bureaus make questions up but they are incompetent. We have had one merge my identity with someone else and the same thing with my husband’s. The strange questions may well result from another person who has no idea either. Pull...
by Lexi
Thu Oct 25, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Why Does Social Security Want a Form L564 From My Wife?
Replies: 16
Views: 1846

Re: Why Does Social Security Want a Form L564 From My Wife?

She cannot be covered by an HSA and Medicare of any sort — that is the law. She does need to withdraw from Part A asap.
by Lexi
Sun Sep 16, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 157
Views: 14898

Re: Considering Quitting Job - Seeking Advice. Would you do it?

I once had a job with similar demands but not that many hours. I had two rules based on my sense of my own diminishing (approaching negative) productivity: 1. I will not work past midnight 2. I will not work both days of a weekend I don’t advocate these rules but rather suggest that you can set some...
by Lexi
Tue Aug 28, 2018 2:03 pm
Forum: Personal Consumer Issues
Topic: Mega Downsize....
Replies: 113
Views: 13596

Re: Mega Downsize....

Take a good look at what you think can be sold. Try checking eBay for actual sales of similar items and note the price. To me the amount you can get for a lot of stuff is not worth the time and effort it takes to make the final sale. On the other hand, giving stuff away can be very easy through webs...
by Lexi
Thu Aug 16, 2018 6:08 am
Forum: Personal Finance (Not Investing)
Topic: Marriage Name Change Logistics
Replies: 14
Views: 1737

Re: Marriage Name Change Logistics

Step 1: notify social security administration
by Lexi
Sat Aug 04, 2018 4:53 pm
Forum: Personal Consumer Issues
Topic: USPS Informed Delivery
Replies: 42
Views: 3721

Re: USPS Informed Delivery

They probably use one of the credit report companies to get their security questions, so the questions are as accurate as the credit reports. In my experience that is poor. They have merged my report and my husband’s with other relatives. You can check and correct the information in the report or ju...
by Lexi
Fri Jul 13, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Would you trade experiences in your youth for early retirement
Replies: 91
Views: 8170

Re: Would you trade experiences in your youth for early retirement

I think the goal of FIRE should be split into two parts, FI and RE. The first is very important to me but the second is not. I spent my 20s get the education and skills to be able to do work that was fulfilling and well compensated while living on little, my 30s getting myself comfortable financiall...
by Lexi
Thu May 03, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Continuing Care facility - shielding some assets for the kids
Replies: 37
Views: 4958

Re: Continuing Care facility - shielding some assets for the kids

The CCRC uses each patient’s insurance coverage and most will have Medicare with some form of supplement or HMO plan. The CCRC guarantees that the accepted applicants can stay for their lifetime. If they run out of funds and qualify for Medicaid the CCRC will keep them and take that payment but they...
by Lexi
Thu May 03, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Continuing Care facility - shielding some assets for the kids
Replies: 37
Views: 4958

Re: Continuing Care facility - shielding some assets for the kids

CCRCs all try to make sure that new applicants have the resources to cover their costs for the CCRC over their lifetime(s) but the specific arrangements will vary in such factors as the upfront fees, ongoing fees, promises of future changes in ongoing fees, guarantees for services the CCRC will prov...
by Lexi
Mon Mar 26, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Costs, Pros, & Cons of CCRC - Continuing Care Retirement Communities - Aging in Place. Pitfalls?
Replies: 26
Views: 5874

Re: Costs, Pros, & Cons of CCRC - Continuing Care Retirement Communities - Aging in Place. Pitfalls?

My mother moved from another state into a CCRC near us at just about her 80th birthday. She lived in an independent apartment and then skilled nursing for ~6 years in all. She was very happy with the situation. The financial options included base initial payment with the amount returned disappearing...
by Lexi
Sun Mar 25, 2018 8:09 am
Forum: Personal Investments
Topic: Self-insuring for healthcare - how would you invest
Replies: 36
Views: 3796

Re: Self-insuring for healthcare - how would you invest

For medical care there are three groups of self-pay patients: 1. Too poor to afford insurance — they will take what they can get and provide the minimum treatment they can legally. They still expect you to at least have or apply for Medicaid. 2. Wealthy enough to pay the price list — that isn’t you ...
by Lexi
Sun Mar 18, 2018 5:27 pm
Forum: Personal Consumer Issues
Topic: Cabot Trail, Nova Scotia (Cheticamp, Ingonish, Cape Breton)
Replies: 12
Views: 1298

Re: Cabot Trail, Nova Scotia (Cheticamp, Ingonish, Cape Breton)

We drove up to Cape Breton last summer, stayed at a nice place in Ingonish (Lantern Hill & Hollow) for 5 days. We drove over to Cheticamp for the day and had lunch and a walk around town and then drove back to Ingonish. It is easily doable for a day trip. Most of the beauty in scenery will be as you...
by Lexi
Sun Mar 18, 2018 7:14 am
Forum: Personal Finance (Not Investing)
Topic: no health insurance as an early retirement strategy
Replies: 30
Views: 2796

Re: no health insurance as an early retirement strategy

Going without health insurance in the USA is really a plan to declare bankruptcy if the worst happens. That may be reasonable if you are young and healthy with a low net worth but not so good if you are trying to live decently in early retirement. Alternatives might be to plan for the lowest cost HM...
by Lexi
Sun Mar 18, 2018 6:53 am
Forum: Personal Consumer Issues
Topic: Cabot Trail, Nova Scotia (Cheticamp, Ingonish, Cape Breton)
Replies: 12
Views: 1298

Re: Cabot Trail, Nova Scotia (Cheticamp, Ingonish, Cape Breton)

We did the Cabot Trail using Ingonish as our base and that is doable in a day. It is a lovely area to explore. The road was decent and not too crowded (caveat — this was a few years ago but also peak summer season). If you want to break it up, you should be able to find a place to stay or camp, prob...
by Lexi
Fri Mar 16, 2018 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Check, deceased payee
Replies: 15
Views: 2538

Re: Check, deceased payee

The POA expires when the person dies whether or not it is durable. It is no longer of any legal use.
by Lexi
Thu Mar 08, 2018 3:50 pm
Forum: Personal Investments
Topic: Would YOU retire
Replies: 67
Views: 10637

Re: Would YOU retire

My one big concern would be uncertainty over health insurance. If your wife can get a PT job with insurance for both of you and she is willing to do that, I would choose that option.