Search found 70 matches

by Lexi
Sun Nov 12, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off Home mortgage, partner doubts?
Replies: 40
Views: 2918

Re: Paying off Home mortgage, partner doubts?

I have not looked at OP’s previous posts, but what he proposes is so ridiculous that I suspect he is a troll!

If not, preserve liquidity to pay the divorce lawyer your wife should hire soon.
by Lexi
Tue Nov 07, 2017 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 7726

Re: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?

T :moneybag We muddled our way through it. I did have her power of attorney. So I was able to use it for banking & medical issues. Her funeral cost $15,000 (plot, casket, funeral, etc). Then after the funeral I had to take the power of attorney with the death certificate to transfer the car & house...
by Lexi
Sat Oct 28, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: My mortgage was sold - let it go, or shop around?
Replies: 15
Views: 1552

Re: My mortgage was sold - let it go, or shop around?

You should watch for any requests from the new company for info the old company had, such as proof of insurance. That was the main hassle we had with a mortgage that was sold at least 5 times. Other than that, just accept that any mortgage eligible to be sold will be. The last time that mortgage was...
by Lexi
Thu Oct 26, 2017 5:51 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Discussion Forum?
Replies: 31
Views: 2537

Re: Social Security Discussion Forum?

What do YOU call that form of authentication? I just call it authentication. I'm not in tech and have never seen or heard of KBA until I read this. +1 writing the full term the first time you use an acronym is a basic rule of communication. Equifax often conflates more than one person's info into o...
by Lexi
Sat Oct 14, 2017 7:09 pm
Forum: Investing - Theory, News & General
Topic: About Vanguard advisors: opinions, thoughts?
Replies: 78
Views: 8336

Re: About Vanguard advisors: opinions, thoughts?

What the OP describes is not required to comply with fiduciary responsibility. A fiduciary can listen to the client and develop a plan consistent with the client's desires. If the client wants to invest in something that the adviser thinks is truly objectionable, the adviser can decline to include t...
by Lexi
Thu Sep 14, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: 3Q2017 Estimated taxes are due 15 Sep 2017
Replies: 14
Views: 870

Re: 3Q2017 Estimated taxes are due 15 Sep 2017

The IRS and American people thank you for the reminder. :) The IRS and American people are welcome. As I was paying my estimated tax, I was thinking about people in Florida who either don't have electricity, or are dealing with the cleanup, or have not returned home yet. Estimated taxes are probabl...
by Lexi
Tue Sep 12, 2017 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: dementia, POA, credit freezes, and IRS tax return PIN - what am I getting into?
Replies: 36
Views: 3031

Re: dementia, POA, credit freezes, and IRS tax return PIN - what am I getting into?

dbr wrote:
Tue Sep 12, 2017 5:15 pm
The SS rep payee brings with it the obligation to report annually on what you did with the money.
You need to be prepared to report what you do with any assets to authorities or other interested parties. This report is easy if the person is receiving nursing home or other care for dementia.
by Lexi
Tue Sep 12, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: dementia, POA, credit freezes, and IRS tax return PIN - what am I getting into?
Replies: 36
Views: 3031

Re: dementia, POA, credit freezes, and IRS tax return PIN - what am I getting into?

Social security does not accept POA but does have a process to become a representative payee, which recognizes you for Medicare as well. It can be set up after the person is no longer able to handle his or her affairs. In fact, it probably should not be set up until then, at which time they want a r...
by Lexi
Sun Sep 10, 2017 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Am I overinsured on my autos?
Replies: 20
Views: 1655

Re: Am I overinsured on my autos?

I would say you are underinsured on your limits and overinsured on the deductible.
by Lexi
Sun Sep 10, 2017 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Taxes Quarterly
Replies: 21
Views: 2187

Re: Paying Taxes Quarterly

Don't forget about state income tax requirements if that applies to you. If your state does not tax retirement withdrawals (e.g. If contributions were not excluded from state tax originally) it is not good to have state income tax payments withheld from the distribution because the state may not pa...
by Lexi
Sat Aug 19, 2017 8:27 pm
Forum: Personal Consumer Issues
Topic: Kitchen knife set. Good quality - Recommendations
Replies: 55
Views: 4788

Re: Kitchen knife set. Good quality - Recommendations

Cook's Illustrated test kitchen a la carte knife set -- absolutely worth the money.
by Lexi
Sat Aug 12, 2017 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: When to pay estimated taxes on mutual fund distributions in December 2018?
Replies: 32
Views: 2230

Re: When to pay estimated taxes on mutual fund distributions in December 2018?

You will meet the safe harbor if the extra income comes in December and you check to see that you meet the safe harbor requirements by the deadline for the fourth quarter estimated tax payment. Having to fill out a form to show the income and payments by quarter is part of that, which is the simples...
by Lexi
Sat Aug 12, 2017 5:01 pm
Forum: Personal Consumer Issues
Topic: What home task(s) are worth learning to do yourself?
Replies: 46
Views: 5267

Re: What home task(s) are worth learning to do yourself?

Think about what tasks legally require permits and / or may risk liability if something goes wrong. Avoid doing those.

Beyond that it is largely a matter of what are you capable of and what do you want to do.
by Lexi
Sat Aug 12, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: When to pay estimated taxes on mutual fund distributions in December 2018?
Replies: 32
Views: 2230

Re: When to pay estimated taxes on mutual fund distributions in December 2018?

The simplest way is to make sure you meet the safe harbor for 2018. If you check before the end of the year you can adjust as needed.
by Lexi
Fri Jul 14, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 5473

Re: When to max out 401k (Aspiring Early Retiree)

Thinking about saving for retirement and other goals in your 20s is great, but you are just starting out as a real adult. You have marriage, children probably, your own home, and whatever else would make a fulfilling adult life ahead of you. If your top goal now is to retire at 50 I think you should...
by Lexi
Mon Jul 10, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Job opportunity - increase in compensation but also much longer commute
Replies: 25
Views: 2124

Re: Job opportunity - increase in compensation but also much longer commute

In deciding what job to take the potential for job growth and salary are much more important than the commute. You can decide after a while whether to move closer, seek more flexibility, or find another job while searching with additional skills and a higher salary.
by Lexi
Sun Jul 02, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Childless couple - want siblings to inherit after we both go
Replies: 36
Views: 3794

Re: Childless couple - want siblings to inherit after we both go

I think you do have to have trusts although they could be created in the will when the first of you dies. Counting on the survivor to write a new will or retitle assets after the first death is risky. What if the survivor is declining mentally and/ or physically? What if the deaths are close togethe...
by Lexi
Sat Jul 01, 2017 5:36 pm
Forum: Personal Consumer Issues
Topic: Bogleheads: you should be buying 10-year old cars
Replies: 173
Views: 15024

Re: Bogleheads: you should be buying 10-year old cars

Bogleheads should be buying any car that they can afford and that meets their transportation requirements.
by Lexi
Thu Jun 29, 2017 12:26 pm
Forum: Personal Consumer Issues
Topic: Where to View Total Eclipse? - Kansas City / Nashville et al
Replies: 98
Views: 6992

Re: Where to View Total Eclipse? - Kansas City

Go to an area with lots of birds and wildlife. Their reaction is by far the most interesting part of watching the eclipse.
by Lexi
Tue Jun 20, 2017 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 21333

Re: Siblings in disagreement over mom's house.

We do each over-generalize from our own experience but one experience of dealing with a small estate and no will is what makes most of my relatives eventually write a will even when the design seems simple and straightforward.
by Lexi
Tue Jun 20, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 21333

Re: Siblings in disagreement over mom's house.

Just about all of my relatives would rather do almost anything than meet with a lawyer, but most do write a will at some point. Of those who died without a will the reasons are usually one or more of the following: 1. They don't want to think about dying. 2. They don't think they have enough assets ...
by Lexi
Tue Jun 20, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 21333

Re: Siblings in disagreement over mom's house.

The OP said in the middle of this thread that there was no will.
by Lexi
Tue Jun 20, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 21333

Re: Siblings in disagreement over mom's house.

[quote="ChrisCThe keepers just want to keep, which they are legally entitled to do so -- it's how Mom, intentionally or unintentionally, played her hand for her children. They are getting exactly what was designed for them -- it's really the sellers in wanting to sell who are upsetting the design he...
by Lexi
Sun Jun 18, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 21333

Re: Siblings in disagreement over mom's house.

Letter signed by the three willing sellers stating 1.) Majority owners desire to sell 2.) Understand sentimental value but there are other concerns 3.) Remaining owners have 60 days to make an offer to majority or property goes on the market 4.) Proceeds to be split evenly assuming that everyone is...
by Lexi
Sun Jun 18, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 21333

Re: Siblings in disagreement over mom's house.

General question to the knowledgeable posters who have commented: What (besides deep sympathy to OP) is the take-away from this for others? Can you write something in your Will stating that the heirs have a certain period of time (six months, 11 months, whatever) to sell the real property, whether ...
by Lexi
Sat Jun 17, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Family Death in PA
Replies: 19
Views: 1966

Re: Family Death in MD

Is the document actually a will? ...or is it a Power of Attorney? If it names a PoA but does not specify distribution of assets it sounds more like the latter, which would no longer have effect after death. Contact the lawyer named in the document,
by Lexi
Sat Jun 17, 2017 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 21333

Re: Siblings in disagreement over mom's house.

Sometimes you just have to accept that siblings are not likely to have good relationships in the future. Make a good offer to sell your share to the keepers or buy the keepers out and then sell. If they don't agree then go to court and force the sale. Giving relatives time to adjust is important but...
by Lexi
Thu Jun 15, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 6572

Re: Curious to odd estate question

My DAF requires specification of what to do with remaining funds when you die. You can specify a charity or a successor agent. If you do neither it goes to the overarching charitable gift fund.
by Lexi
Sat May 06, 2017 9:53 am
Forum: Personal Consumer Issues
Topic: Switching Auto Insurance, need advice on Roadside assistant
Replies: 35
Views: 2665

Re: Switching Auto Insurance, need advice on Roadside assistant

AAA was completely unreliable when I needed them even though I had the premium plan (maybe because they did not want to tow more than a few miles). I would never pay them a dime and would look for competitors in your area.
by Lexi
Tue Apr 25, 2017 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring DAF funds from VG to Fidelity
Replies: 9
Views: 705

Re: Transferring DAF funds from VG to Fidelity

You have to ask VG. They can transfer to another DAF but they are not legally required to follow your advice.
by Lexi
Sun Apr 23, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Helping adult children
Replies: 80
Views: 9681

Re: Helping adult children

I believe that equals should be treated equally unless there are true special needs or major differences in personal character. You cannot know how the future will develop. "Beyond the Grave" gives many examples to support this view. Giving generous gifts to grandchildren, including funding 529s, li...
by Lexi
Tue Apr 11, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Extreme Frugality vs Living Life - Where do you draw the line?
Replies: 77
Views: 9951

Re: Extreme Frugality vs Living Life - Where do you draw the line?

My experience -- Being cheap vs. being frugal is the difference between deciding by price vs. deciding by value. For example, a cheap person may have a price limit on what he will spend for x while a frugal person decides based on value to him. I first decide if I like something, then look at the pr...
by Lexi
Thu Apr 06, 2017 7:12 pm
Forum: Personal Consumer Issues
Topic: Misguided by Pension Department- ?Legal Need?
Replies: 32
Views: 3406

Re: Misguided by Pension Department- ?Legal Need?

If he was still working and had a 401k with his employer, he would not have to take withdrawals even after age 70.5.
by Lexi
Wed Apr 05, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: When to enroll in Medicare?
Replies: 17
Views: 1704

Re: When to enroll in Medicare?

If you do not enroll during your initial enrollment period you pay a penalty after you do enroll that lasts as long as you are on Medicare EXCEPT if you are covered continuously by qualifying insurance from your or your spouse's current employment. When that ceases you have a special enrollment peri...
by Lexi
Wed Apr 05, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: When to enroll in Medicare?
Replies: 17
Views: 1704

Re: When to enroll in Medicare?

Check the rules on timing carefully. I think Guy A has to be on Spouse's insurance before he becomes eligible for Medicare. Then he should be able to ride it as long as spouse has qualifying employee insurance covering both. Retiree insurance or COBRA does not avoid the penalty.
by Lexi
Mon Apr 03, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Verbal abuser at work
Replies: 37
Views: 3272

Re: Verbal abuser at work

Unless you have evidence that the dotted line manager has engaged in illegal actions that could lead to a costly lawsuit against the company, do not expect HR to solve problems or help you. There may be a reason that this senior manager is dotted line, e.g. the company knows he is lousy at dealing w...
by Lexi
Sun Apr 02, 2017 8:11 pm
Forum: Personal Consumer Issues
Topic: Tour du Mont Blanc Sept. 2017
Replies: 16
Views: 2003

Re: Tour du Mont Blanc Sept. 2017

The morning we woke up in a high hut in France in early August it was snowing! We hiked down to a col and the snow turned to rain, then up to the next pass where it was snow again, then down into a valley in Italy in radiant sunshine to Courmayeur. A long and glorious day! You definitely need to pac...
by Lexi
Sun Feb 26, 2017 6:18 pm
Forum: Personal Consumer Issues
Topic: critique Italian itinerary
Replies: 34
Views: 2956

Re: critique Italian itinerary

A caveat -- it has been a while, but if you fly home from Milan, check the timing carefully. Public transportation from the center city to the airport does not run all night, the ride to the airport takes time, and you need to get there way before the flight departure time. The airport can be very c...
by Lexi
Fri Feb 24, 2017 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security reps keep disputing advice given in this forum
Replies: 26
Views: 5257

Re: Social Security reps keep disputing advice given in this forum

Even under the old rules I believe only one spouse can file for spousal benefit only for a period and his or her own benefit for another period. The other spouse can only file for his or her own benefit.
by Lexi
Thu Feb 16, 2017 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Why own individual stocks?
Replies: 88
Views: 8252

Re: Why own individual stocks?

In taxable accounts holding individual stocks can give you greater room to control the year capital gains and losses are realized while considering other income tax factors.
by Lexi
Thu Oct 13, 2016 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Someone else's check got cleared from my Checking Account
Replies: 65
Views: 6512

Re: Someone else's check got cleared from my Checking Account

We have had a joint checking account for decades. As long as both use one checkbook and enter all transactions in the register there is no problem. I also balance the checking account monthly. Even though the OP is quite careless about the account, he did find the error so why is this even a problem?
by Lexi
Tue Sep 27, 2016 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: (Another) Inheritance Question
Replies: 10
Views: 1437

Re: (Another) Inheritance Question

A few states have an inheritance tax which is on the recipient and may vary according to the relationship. Check for the relevant state.
by Lexi
Tue Sep 06, 2016 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Convincing spouse to sell losing investment
Replies: 58
Views: 5336

Re: Convincing spouse to sell losing investment

Did your spouse initiate the idea that these funds should go toward a house? If it was your initial idea, then you should back off. All you are doing is looking like you are trying to convert her separate assets (yes, they are separate assets) into marital assets. If s/he has any fear that you will ...
by Lexi
Sat Sep 03, 2016 7:44 am
Forum: Personal Finance (Not Investing)
Topic: charitable contribution of appreciated funds: please check my math
Replies: 15
Views: 825

Re: charitable contribution of appreciated funds: please check my math

If you are in a high tax bracket, you should also consider the phaseout of deductions. State tax treatment will vary by state.
by Lexi
Fri Sep 02, 2016 7:21 am
Forum: Investing - Theory, News & General
Topic: [Article: "Can Pennsylvania confiscate your IRA?"]
Replies: 23
Views: 3604

Re: Pennsylvania will liquidate abandoned retirement accounts after 3 years of inactivity

The action items are good standard practice: 1. Don't leave multiple little accounts. Consolidate into one IRA when you leave a job. 2. Make sure that company has your current address and/ or check your online account. Rebalance once a year. 3. Check the unclaimed property listings for any state you...
by Lexi
Tue Aug 23, 2016 9:03 am
Forum: Personal Consumer Issues
Topic: Homeowners insurance recommendations - MA
Replies: 30
Views: 2746

Re: Homeowners insurance recommendations - MA

Also use Amica in MA for home/auto/umbrella. Very happy with their customer service, and they have handled our few claims nicely. I haven't price shopped it though. Not sure how good a deal it is, just happy with the service so haven't bothered. If price comparing Amica, be aware that some(all?) of...
by Lexi
Tue Aug 23, 2016 6:16 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate agents who operate on an hourly rate
Replies: 73
Views: 7328

Re: Real Estate agents who operate on an hourly rate

If you think about the incentives an hourly rate would create, this looks like a bad idea. Real estate agents should help make the sale go quickly and efficiently but an hourly rate would reward the opposite. For the buyer's agent I see no benefit in even showing your house. Perhaps you could come u...
by Lexi
Sat Jul 16, 2016 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Appropriate tip amount for river rafting guides?
Replies: 50
Views: 4903

Re: Appropriate tip amount for river rafting guides?

I have not done multi-day river rafting trips but have done many guided hiking trips. Because other hikers have stated widely varying tip recommendations, I usually ask the company reps when I make the reservation or the guides themselves what is standard for tips. After saying it is voluntary they ...
by Lexi
Wed Jul 06, 2016 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance - removing comprehensive and collision
Replies: 19
Views: 1970

Re: Car insurance - removing comprehensive and collision

Is "Limited collision" an option for you. It is worth checking out.