Search found 407 matches

by Mlm
Fri Sep 13, 2019 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Whistleblowing / Going Rogue at Work
Replies: 122
Views: 5472

Re: Whistleblowing / Going Rogue at Work

KlangFool wrote:
Fri Sep 13, 2019 10:56 am
OP,

If I am the president, I would fire you immediately. I cannot trust you not to stab me in my back in the future.

KlangFool
+++++a million times
by Mlm
Thu Sep 12, 2019 5:27 pm
Forum: Personal Consumer Issues
Topic: What's in a name?
Replies: 8
Views: 742

Re: What's in a name?

Carnac (the magnificent)
by Mlm
Thu Sep 12, 2019 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: About to close on home and discovered Lien on home??
Replies: 25
Views: 3242

Re: About to close on home and discovered Lien on home??

These things can happen. The sellers must also be very upset with the bank. I had a closing delayed by 4 weeks due to a problem the builder had. I ended up having to get a temp. rental for a month and pay movers twice. The sellers are not going to let your move belongings into their garage before cl...
by Mlm
Wed Sep 11, 2019 8:16 pm
Forum: Personal Investments
Topic: Get Rid of FA. Create Single Fund Retirement Portfolio
Replies: 6
Views: 802

Re: Get Rid of FA. Create Single Fund Retirement Portfolio

Is there a reason to take SS @ 62.5? That doesn't seem optimal considering your investments.
by Mlm
Wed Sep 11, 2019 6:40 pm
Forum: Personal Consumer Issues
Topic: How old is your cellphone?
Replies: 148
Views: 6228

Re: How old is your cellphone?

I have an iphone 6 and my battery is still at 91%. I plan to keep it for at least another year, maybe longer
by Mlm
Sat Aug 31, 2019 6:00 pm
Forum: Personal Consumer Issues
Topic: Does anyone have a dishwasher they recommend?
Replies: 47
Views: 2835

Re: Does anyone have a dishwasher they recommend?

I'm very happy with my no bells and whistles Whirlpool. I especially like the basket on the door. No break down or repairs in 16 years.
by Mlm
Thu Aug 29, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Florida Home Insurance Offsets Tax Advantage?
Replies: 28
Views: 2097

Re: Florida Home Insurance Offsets Tax Advantage?

I have a few friends that have moved from Upstate NY to Florida and purchased similarly priced homes. They all say that although they save around 50% on property taxes they make up for it on home owners/flood insurance, car insurance, water bills and pest control.
by Mlm
Wed Aug 28, 2019 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Friend has cancer. What should be the next steps?
Replies: 62
Views: 4081

Re: Friend has cancer. What should be the next steps?

I''m sorry to hear about your friends diagnosis. My sister went through this many years ago. When she was no longer able to work she applied for Social Security disability. With a terminal diagnosis she was approved very, very quickly. She also ticked things off her bucket list while she was still a...
by Mlm
Mon Aug 19, 2019 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Discover cash back Credit Card - Interest charges
Replies: 36
Views: 1722

Re: Discover cash back Credit Card - Interest charges

Were any of your charges actually a "cash advance"? Interest on cash advances usually accrue from the day of the advance to the day of the payment.
by Mlm
Wed Aug 14, 2019 11:50 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12035
Views: 2047444

Re: U.S. stocks in free fall

I know market timing is stupid, but I've been at my 1st job now for 1.5 years and it's felt like my portfolio has been spinning the wheels with the rest of the market. I've got a 401(k) and Roth with about even funds 85/15. Does anyone here think I need to move out of stocks until the big drop happ...
by Mlm
Mon Aug 12, 2019 6:23 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard ongoing glitches, August 12-13, 2019]
Replies: 256
Views: 15394

Re: Wellesley 56.05% drop today

H-Town wrote:
Mon Aug 12, 2019 6:22 pm
Mlm wrote:
Mon Aug 12, 2019 6:14 pm
I want my money and I want it NOW :?
Nah, it's gone. 8-) you may put your complaints in a suggestion box over there.
OK, I'll just TLH
by Mlm
Mon Aug 12, 2019 6:21 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard ongoing glitches, August 12-13, 2019]
Replies: 256
Views: 15394

Re: Wellesley 56.05% drop today

Vanguard is having a RBD :shock:
by Mlm
Mon Aug 12, 2019 6:14 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard ongoing glitches, August 12-13, 2019]
Replies: 256
Views: 15394

Re: Wellesley 56.05% drop today

I want my money and I want it NOW :?
by Mlm
Mon Aug 12, 2019 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Follow your head or your heart
Replies: 30
Views: 2295

Re: Follow your head or your heart

I would stay put. You like it where you are and the co-op doesn't offer you any financial advantage. If you feel strapped for cash in the future look around for something cheaper in the area you like.
by Mlm
Mon Aug 12, 2019 1:12 pm
Forum: Personal Investments
Topic: First time selling out of taxable account
Replies: 12
Views: 2073

Re: First time selling out of taxable account

OR if you are in a 0% capital gains bracket now (AGI below $78,750) you should be selling the shares with the MOST unrealized long term capital gains! Not enough info provided. Many posters assume everyone is in a higher tax bracket on this forum, but it is not always the case..... Just like many p...
by Mlm
Sun Aug 11, 2019 4:40 pm
Forum: Personal Consumer Issues
Topic: Insurance situation do we have any reasonable options?
Replies: 22
Views: 1652

Re: Insurance situation do we have any reasonable options?

Don't know about your state but where I live the police always ask for a valid drivers licence and proof of insurance. Did she have an insurance certificate in her possession? Was she ticketed for for not having one?

Who told her that she was "good to go" ?
by Mlm
Sun Aug 11, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: How should my Spouse and I handle a $300,000 Settlement?
Replies: 119
Views: 6913

Re: How should my Spouse and I handle a $300,000 Settlement?

smithbt2 wrote:
Sun Aug 11, 2019 12:02 pm
I did more for her than most would.
I think you should tell that to your wife and then she can decide how she wants to spend her money going forward. Good Luck
by Mlm
Thu Aug 08, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Local Assessor Trying to Include IRA Earnings as Income for Exemption (NY)
Replies: 8
Views: 806

Re: Local Assessor Trying to Include IRA Earnings as Income for Exemption (NY)

I'm pretty sure that my parents (NY State residents) had to report IRA dividends and capital gains each year even if they took no withdrawals. Just like you would report savings account interest. They were also able to deduct medical expenses paid out of pocket including Medicare premiums (maybe loc...
by Mlm
Thu Aug 08, 2019 9:17 am
Forum: Investing - Theory, News & General
Topic: Bogleheads have higher IQs!
Replies: 21
Views: 1386

Re: Bogleheads have higher IQs!

I'll take street smarts any day over high IQ
by Mlm
Thu Aug 08, 2019 9:02 am
Forum: Personal Investments
Topic: Divorce- Help with Present Value Pension Calculation
Replies: 20
Views: 2118

Re: Divorce- Help with Present Value Pension Calculation

I would use what you paid in or nothing. It's only four years which is pretty immaterial. Fair is whatever you both can agree to.
by Mlm
Thu Aug 08, 2019 7:53 am
Forum: Personal Investments
Topic: Should I give myself bridge loan through my VG accounts
Replies: 18
Views: 937

Re: Should I give myself bridge loan through my VG accounts

I like your plan. I did the same thing twenty years ago. Just check with your bank to see how long it takes them to clear the deposit. I was surprised at the time to find out that my bank put a long hold (about 20 days if I remember correctly) on the funds.
by Mlm
Sun Aug 04, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Lots of changes at work. How best to proceed?
Replies: 9
Views: 1239

Re: Lots of changes at work. How best to proceed?

I don't work in sales but a consultant entering the picture is usually a "kiss of death" I would start looking.
by Mlm
Sat Jul 27, 2019 12:38 pm
Forum: Personal Investments
Topic: 19k to 25k limit 401 after 50
Replies: 12
Views: 1614

Re: 19k to 25k limit 401 after 50

" A participant is catch-up eligible with respect to a plan year if the participant turns age 50 by the end of the calendar year in which the plan year ends" See: https://www.irs.gov/retirement-plans/40 ... ligibility
by Mlm
Tue Jul 23, 2019 3:35 pm
Forum: Personal Investments
Topic: Can we afford $600k home?
Replies: 98
Views: 6865

Re: Can we afford $600k home?

Heck No
by Mlm
Mon Jul 22, 2019 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Donate land for a tax break?
Replies: 12
Views: 715

Re: Donate land for a tax break?

About 30 years ago I owned a rental property with a large side yard. The town approached me about buying the property as the side yard was the only access for a historical museum they wanted to build. I had been wanting to dump the property anyway so my lawyer suggested I donate the side yard contin...
by Mlm
Tue Jul 16, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: The exact month to begin receiving Social Security benefits for the maximum.
Replies: 44
Views: 3367

Re: The exact month to begin receiving Social Security benefits for the maximum.

yes, SS pays in arrears I understand that SS pays in arrears, but why wouldn't it be the case that the first payment would arrive in December? That would also be in arrears since the applicant turned 70 in November. Social Security doesn't make partial month payments. You must be 70 for an entire m...
by Mlm
Mon Jul 15, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap vs Advantage: Which did you select?
Replies: 199
Views: 9050

Re: Medigap vs Advantage: Which did you select?

I'm going with an Advantage Plan. I need to sign up within the next few months and have been looking at my options. A supplement and Part D plan with deductible would cost me an extra $250 per month. (NY) An Advantage plan in my area is $0- $35 per month with preventative dental and some small visio...
by Mlm
Sat Jul 13, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Invest in career change to Accounting for 37 yr old? Would it be foolish?
Replies: 145
Views: 7863

Re: Invest in career change to Accounting for 37 yr old? Would it be foolish?

I never went to college until I was 27 and finished up my accounting degree when I was 34. (3.84 GPA) I worked full time and took night classes for seven years. During this time I worked with a lot of CPA's and decided that I didn't want to go the tax or audit route. Yup, they were boring people :ha...
by Mlm
Sat Jul 13, 2019 6:29 am
Forum: Personal Investments
Topic: Defer interest to 2020?
Replies: 8
Views: 556

Re: Defer interest to 2020?

Back in 2018 I purchased a 12 month CD at Ally that didn't pay interest until 2019. I believe that anything past 12 months in length pays out annually. I chose this specifically for ACA purposes.
by Mlm
Wed Jul 10, 2019 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Supplemental Medicare Question
Replies: 6
Views: 632

Re: Supplemental Medicare Question

In New York State check here: https://www.dfs.ny.gov/consumers/health ... lans_rates

Be sure to also check out the Medicare Advantage Plans
by Mlm
Tue Jul 09, 2019 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce and pension/401k/IRA split
Replies: 31
Views: 2671

Re: Divorce and pension/401k/IRA split

Is her name on the mortgage? She is going to want that removed, so you will either need to refinance in your own name or sell.
by Mlm
Sun Jul 07, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Prenuptial for future son-in-law - RESOLVED
Replies: 46
Views: 2613

Re: Prenuptial for future son-in-law

I feel that you should talk to your daughter first. If you are trying to protect her from his debt your approach is totally inappropriate. Be very cautious.
by Mlm
Sat Jul 06, 2019 7:38 pm
Forum: Personal Consumer Issues
Topic: Job Promotion - How to Show on Resume
Replies: 40
Views: 3401

Re: Job Promotion - How to Show on Resume

I don't see any way to list it on your resume if you have not held the job. I've never seen someone list all the jobs that they were offered and didn't accept. If you think it would be helpful you can bring it up during an interview and explain why you are not interested in that position with your c...
by Mlm
Wed Jul 03, 2019 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Adult son has not controlled credit card overuse!
Replies: 106
Views: 6425

Re: Adult son has not controlled credit card overuse!

White Coat Investor wrote:
Wed Jul 03, 2019 5:02 pm


I can't imagine my dad having access to my savings account and credit report. Can you?
:shock: Not unless I was 15 again
by Mlm
Wed Jul 03, 2019 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Adult son has not controlled credit card overuse!
Replies: 106
Views: 6425

Re: Adult son has not controlled credit card overuse!

No, no and no. :oops: Read or re-read "The Millionaire Next Door" --- the chapters on raising kids to be financially responsible. I'm sorry to point this out, but you are much too involved in your adult son's financial life. Get out of the way so he can grow up. Cut the connection to the bank accou...
by Mlm
Fri Jun 28, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house for Mom - Pros, cons, pitfalls?.
Replies: 55
Views: 3678

Re: Buying a house for Mom - Pros, cons, pitfalls?.

It's great that you want to help her but I would not tie my own financial future to owning another house or holding a mortgage. There is nothing wrong with renting at her age. Actually it would be a much easier life. If she ends up impoverished there are plenty of social programs to help her out wit...
by Mlm
Thu Jun 27, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Considering adding second level to house [Bay Area]
Replies: 40
Views: 3310

Re: Considering adding second level to house [Bay Area]

MotoTrojan wrote:
Wed Jun 26, 2019 10:51 am
Hey everybody! Why are you arguing about “free” with regards to homes? They are illiquid and hard to buy. I just realized Vanguard is selling VTSAX for free too! Just move your cash into stock, free! And I can do it from the couch.
I don't know why I never thought of that. Thanks :thumbsup
by Mlm
Thu Jun 13, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 418
Views: 38759

Re: Selling home- Demanding Buyer (Repairs)

Oh for heavens sake. Repair the septic ASAP and tell the buyers to take it or leave it. This won't be the last you hear from them. I see a new driveway in your future if you let these clowns continue to dictate the terms. Beware and good luck.
by Mlm
Sat Jun 08, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is POD the best designation for Mom’s checking account?
Replies: 38
Views: 2828

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

I think you're on the right track. I would keep ~$10K - $20K in the checking and remove the POD designation. +1. Keep enough in the (non-POD) checking account to cover burial expenses and final bills. Or she could add you to her checking account. That came in handy when my Mom was ill and after she...
by Mlm
Fri Jun 07, 2019 10:35 pm
Forum: Personal Investments
Topic: Question about RMDs from inherited IRA
Replies: 23
Views: 1613

Re: Question about RMDs from inherited IRA

Can you please confirm or correct my understanding? Sounds right to me but not a lawyer. My understanding of the regulations is that the RMD goes to the beneficiary (but is based on what it should have been for decedent). Sounds right to me too. I had to take my mothers RMD in her year of death.
by Mlm
Fri Jun 07, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5412

Re: Close to making an offer on a home

In my neck of the woods ( not a hot market) sellers often pay closing costs. But, but, but the buyer usually adds it to the purchase price so that it can be rolled into the mortgage. Leaving the seller with the price offered. If you didn't do this you are basically offering the seller less than aski...
by Mlm
Wed Jun 05, 2019 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 418
Views: 38759

Re: Selling home- Demanding Buyer (Repairs)

Thanks Mlm. Don't see any issues with financing? It just adds more potential obstacles to get in the way on the path to settlement. I don't see how unless you signed an addendum to the purchase offer. I hope you didn't. This is their problem, not yours. You are under no obligation to accommodate th...
by Mlm
Wed Jun 05, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 418
Views: 38759

Re: Selling home- Demanding Buyer (Repairs)

I don't see a problem with the buyer wanting to get financing as long as they are able to close on time. Is does seem though that they are trying to delay things with all the inspection items.

I hope they have some serious earnest money on the table.
by Mlm
Wed May 29, 2019 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Naming beneficiaries for non-retirement accounts
Replies: 15
Views: 1337

Re: Naming beneficiaries for non-retirement accounts

I have my retirement funds named for beneficiaries, but not some non-retirement funds. My thinking is that having some money unaccounted for by named beneficiaries would cover my burial expenses, headstones and other things (rent while they're going through my things and emptying my residence), etc...
by Mlm
Tue May 28, 2019 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 15530

Re: Can we afford to pay for our kid's college (at all)?

You have posted about a lot of vacation travel in the past two months. Maybe you could look at saving those expenses first. https://www.bogleheads.org/forum/viewtopic.php?f=11&t=280943&p=4540683#p4540683 5/12 https://www.bogleheads.org/forum/viewtopic.php?f=11&t=278899&p=4495690#p4495690 4/15 https:...
by Mlm
Tue May 21, 2019 3:07 pm
Forum: Investing - Theory, News & General
Topic: Delaying social security = harming nest egg?
Replies: 74
Views: 6505

Re: Delaying social security = harming nest egg?

It depends...I would have lost $$$ in ACA subsidies if I took SS before age 65. If you have employer provided health insurance it wouldn't matter. Between age 65-70 I look at the rate of return I am making on my investments. If I am making less than 8% I might consider taking SS but that hasn't happ...
by Mlm
Tue May 21, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Payable On Death Account to Complement Will
Replies: 66
Views: 3618

Re: Payable On Death Account as Will Substitute

I have two primary beneficiaries set up on my Vanguard retirement and non retirement accounts. I did it online but it was a long time ago.
I also have other bank accounts that I I intentionally did not name a beneficiary so that the money goes to my estate to pay bills. I do have a will.
by Mlm
Sat May 18, 2019 6:44 pm
Forum: Personal Investments
Topic: Help with estimating expenses in retirement
Replies: 16
Views: 1615

Re: Help with estimating expenses in retirement

Home owners insurance
Car insurance
Car repairs
Car replacement
Home repairs
Yard maintenance
Entertainment
by Mlm
Fri May 17, 2019 1:54 pm
Forum: Personal Investments
Topic: Best way to deploy $450,000 of IRA money right now
Replies: 30
Views: 2289

Re: Best way to deploy $450,000 of IRA money right now

I would invest it in Vanguard Wellesley - today
by Mlm
Thu May 16, 2019 4:44 pm
Forum: Personal Consumer Issues
Topic: Looking to Purchase First Home - How to Consider Aging Roof?
Replies: 17
Views: 1003

Re: Looking to Purchase First Home - How to Consider Aging Roof?

They probably haven't replaced the roof because it's not causing any problems. When I purchased my current home in the North East the roof was at least that old. My inspector told me that it was OK but I should plan on a total tear off replacement within five years because there were already two lay...