Search found 348 matches

by Mlm
Sun Apr 21, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited inherited IRA confusion.
Replies: 12
Views: 979

Re: Inherited inherited IRA confusion.

Does your friend have access to his mothers prior tax returns? First I would want to determine if she was taking her proper RMD's. Then I would want to know if she took a RMD in the year of her death or if you friend needs to take it. It does sound right that there would only be 7 years left if ever...
by Mlm
Tue Apr 16, 2019 4:58 pm
Forum: Personal Consumer Issues
Topic: Received wrong vaccine...
Replies: 34
Views: 2947

Re: Vaccine consent form allegedly forged...

If you suspect medical fraud you can report it to your State Health Department. I'm sure your Dr. will return their call.
by Mlm
Tue Apr 16, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Parents added siblings and I to house title, possible to undo without negative consequences?
Replies: 37
Views: 1564

Re: Parents added siblings and I to house title, possible to undo without negative consequences?

Over 30 years ago my parents added myself and my siblings to the title on their house and they retained life use. None of us knew about it until years after it happened. Moving forward many years....Dad died and Mom wanted to sell the house and moved to an apartment. When an offer was accepted all s...
by Mlm
Fri Apr 12, 2019 10:45 am
Forum: Personal Investments
Topic: Sell taxable fund or IRA to create income cushion
Replies: 8
Views: 479

Re: Sell taxable fund or IRA to create income cushion

If either choice is a beneficial strategy ( it may not be), I would sell the taxable funds and pay the capital gains. They are not working in your favor right now but you can always buy them back when you turn 65 if they are attractive at the time.
by Mlm
Tue Apr 02, 2019 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 116
Views: 8391

Re: Just Bought an Annuity

TravelforFun wrote:
Tue Apr 02, 2019 7:04 pm

A lot of people forget about taxes. I need about $8,000 a month in income in order to have about $6,000 a month in spending money.

TravelforFun
This got me wondering if an annuity can withhold taxes for you. I know that can be done with a RMD.
by Mlm
Fri Mar 29, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Passed Over For Promotion for Being too Good at My Job
Replies: 55
Views: 5456

Re: Passed Over For Promotion for Being too Good at My Job

I'm sorry to hear that this happened to you. Something similar happened to me early in my career. In retrospect what that particular department wanted was a nasty person with a whip and I know now that I wasn't that person. I left the company and they eventually hired two people to replace me. I wen...
by Mlm
Thu Mar 28, 2019 1:28 pm
Forum: Personal Investments
Topic: Why would one NOT do Roth Conversions?
Replies: 22
Views: 2707

Re: Why would one NOT do Roth Conversions?

I am currently weighing the pros and cons due to large property tax discounts between age 65 and 70 if my income remains low enough. Roth conversions would eliminate those discounts. I have calculated that the break even point would move from 10 years to 20 years. My tIRA is the smallest portion of ...
by Mlm
Tue Mar 26, 2019 9:46 pm
Forum: Personal Consumer Issues
Topic: Moisture in Basement and House
Replies: 17
Views: 1162

Re: Moisture in Basement and House

If you had mold there was a moisture problem to begin with. Just replacing the insulation isn't going to cure that. Is the new insulation or the foundation behind it moist again? If it is, you may need to seal the walls with something like DryLok paint. I would get a good contractor or handyman to t...
by Mlm
Thu Mar 21, 2019 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: When to increase house size with a growing family?
Replies: 43
Views: 2577

Re: When to increase house size with a growing family?

I would stay put and maybe buy bunk beds in the future.
by Mlm
Wed Mar 20, 2019 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: SS Death Notification Sufficient to 'trigger' Widow Benefit? [UPDATE 2]
Replies: 18
Views: 1604

Re: SS Death Notification Sufficient to 'trigger' Widow Benefit?

She is collecting SS and I believe it is her spousal benefit, but I am not sure. They filed for SS over 30 years ago and no one remembers whether it is on her own record or spousal. Any idea how to find out for sure? I know that new Medicare cards have been issued but if she has an old card lying a...
by Mlm
Wed Mar 20, 2019 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: SS Death Notification Sufficient to 'trigger' Widow Benefit? [UPDATE 2]
Replies: 18
Views: 1604

Re: SS Death Notification Sufficient to 'trigger' Widow Benefit?

My condolences to you and your family.

If she was already collecting spousal benefits based on your fathers work record SS should automatically make the switch. If she was collecting on her own work record she should call SS.
by Mlm
Mon Mar 18, 2019 12:14 pm
Forum: Personal Investments
Topic: Dividend Auto Re-investing in Taxable Account
Replies: 16
Views: 959

Re: Dividend Auto Re-investing in Taxable Account

If you are in the wealth accumulation stage it's a good practice to reinvest dividends. Let the money compound over a long period of time if it is for retirement purposes.
by Mlm
Sat Mar 16, 2019 5:51 pm
Forum: Personal Investments
Topic: Vanguard web page investment returns
Replies: 6
Views: 672

Re: Vanguard web page investment returns

You can look at "Balances & Holdings" --"Balances compared to year end" tab. Contributions might skew the numbers
by Mlm
Thu Mar 14, 2019 8:18 pm
Forum: Personal Consumer Issues
Topic: How do you confirm that bills are successfully paid?
Replies: 38
Views: 2377

Re: How do you confirm that bills are successfully paid?

Yes, this can be a problem as I found out. The only way I knew that a bill pay check had not been received was when it was returned to myybank. If it had been simply lost in the mail I never would have known. Does your bank and your landlords bank support "Zelle" ? It could go directly into his/her ...
by Mlm
Wed Mar 13, 2019 8:37 pm
Forum: Personal Consumer Issues
Topic: Angies List v. Homeadvisor v. ???
Replies: 23
Views: 1886

Re: Angies List v. Homeadvisor v. ???

I found my current handyman on nextdoor.com for my area. Neighbors are happy to give recommendations. I have also seen references given on a community facebook page.

I never trusted Angieslist or Homeadvisor although I know people who have used them.
by Mlm
Wed Mar 13, 2019 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Should I give more money to a family member?
Replies: 107
Views: 6318

Re: Should I give more money to a family member?

It sounds like you were named Executor by your father. Did you provide a final accounting to your two sisters including proof of the expenses that you were reimbursing yourself? Did they sign off on it before distributions were made? If they did, then any promises you made to little sister is just t...
by Mlm
Wed Mar 13, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: SS: where are my delay credits?
Replies: 10
Views: 1194

Re: SS: where are my delay credits?

see: https://www.forbes.com/sites/kotlikoff/2017/09/08/ask-larry-%E2%80%8B%E2%80%8Bhow-are-delayed-retirement-credits-earned/#4c9e1ce714ce According to Larry Kotlikoff: Due to budget limits, the Social Security Administration (SSA) has given this process a relatively low priority, and only runs the ...
by Mlm
Tue Mar 12, 2019 4:00 pm
Forum: Personal Consumer Issues
Topic: lawn care cost
Replies: 57
Views: 3881

Re: lawn care cost

.25 acre lot. I pay a local landscaping company $25 per week for mowing, trimming and cleanup.
by Mlm
Mon Mar 11, 2019 4:00 pm
Forum: Personal Investments
Topic: Can't see retiring without 15x-30x fixed income
Replies: 217
Views: 15301

Re: Can't see retiring without 15x-30x fixed income

30X in fixed income? How long are you planning to live?
by Mlm
Thu Mar 07, 2019 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Are my parents' finances a disaster waiting to happen? Seeking advice.
Replies: 105
Views: 10612

Re: Are my parents' finances a disaster waiting to happen? Seeking advice.

It looks like your parents can make the payments on their debt with their current cash flow. If one of them should pass away how would the cash flow look for for the survivor? it's not a given that your father would be the first to pass. Houses and cars can always be sold. Is the cost of health care...
by Mlm
Sun Mar 03, 2019 6:23 pm
Forum: Personal Consumer Issues
Topic: Why do you live where you live?
Replies: 134
Views: 8502

Re: Why do you live where you live?

Well, I'll play. SYRACUSE, NY I moved here from Manhattan (which we also loved) because I was recruited for a job. But I think, implied in your question is why are you still living where you live? After fifteen years, we decided to remain in this town when retirement starts (Dec), because: 1. It mu...
by Mlm
Fri Mar 01, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: BH could you live off your SS benefit?
Replies: 141
Views: 7105

Re: BH could you live off your SS benefit?

Yes, SS @ FRA will cover all of my day to day expenses with a little left over. My investments will be spent on my wants.
by Mlm
Thu Feb 28, 2019 11:23 pm
Forum: Personal Consumer Issues
Topic: 30 year old water heater, should I be worried?
Replies: 73
Views: 3982

Re: 30 year old water heater, should I be worried?

I’m replacing my 13 yr old one soon. The last time one broke was in the middle of a blizzard. It always happens at the worst time.
by Mlm
Tue Feb 26, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Home downpayment and AA dilemma
Replies: 20
Views: 732

Re: Home downpayment and AA dilemma

OP, 1) What is the price of the house that you can afford? 2) What is 20% of that? 3) It is obvious to me that your emergency fund is big enough to pay for the house down payment. KlangFool Good grief :oops: don't use an emergency fund for a house down payment. I did that once and my former spouse ...
by Mlm
Sat Feb 23, 2019 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: How long should a bodily injury claim take to settle?
Replies: 62
Views: 2984

Re: How long should a bodily injury claim take to settle?

I have never seen anyone in this situation go it alone. Go get a consultation from a lawyer ASAP. The clock is ticking.
by Mlm
Fri Feb 22, 2019 1:31 pm
Forum: Investing - Theory, News & General
Topic: VBILX seemingly more state tax-efficient than VBTLX
Replies: 7
Views: 670

Re: VBILX seemingly more state tax-efficient than VBTLX

Vanguard will tell you at year end if your fund qualifies. https://personal.vanguard.com/pdf/USGO_012019.pdf **This fund meets the threshold requirements for California, Connecticut, and New York, which require that 50% of the fund’s assets at each quarter-end within the tax year consist of U.S. gov...
by Mlm
Tue Feb 19, 2019 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 375
Views: 41017

Re: What to do with your mortgage when losing a job in your 50's...

This may vary by state, but I wondered, do you apply immediately upon termination, even if you are getting severance for a period ? Or after severance pay runs out ? I applied immediately. They asked about severance and the payout period. ( I think I had to send them the agreement). They then notif...
by Mlm
Sun Feb 17, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 375
Views: 41017

Re: Losing a job in your 50's...

Oh my. Just reading this thread made my heart sink while remembering the day I lost my job at 61. I never imagined that the owner of the family owned company would die @64 and a few years later the company President would die too @ 57. The company was sold but the new Corp owners kept me on and we h...
by Mlm
Tue Feb 12, 2019 1:27 pm
Forum: Personal Investments
Topic: Will this cause an audit ?
Replies: 28
Views: 3212

Re: Will this cause an audit ?

I once made a large donation of land and was never audited. Another time I claimed a small casualty loss and was audited for that one particular item only. I just mailed the requested documentation and that was the end of it.
by Mlm
Sat Feb 09, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house with son [and his girlfriend]
Replies: 169
Views: 5754

Re: Buying house with son [and his girlfriend]

Why do you need to protect the asset, and from whom? Protect it from anyone. Its our sons inheritance and while we want to see him use it while we are alive we dont want litigation, divorce etc to jeopardize it. reggie Your son is an adult. I'm sure that he can take the proper legal precautions to ...
by Mlm
Sat Feb 09, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house with son [and his girlfriend]
Replies: 169
Views: 5754

Re: Buying house with son [and his girlfriend]

If you want to go 50/50 on the deed with your son...have at it. However your son should consult his own attorney and obtain the mortgage in his name only if unmarried.
by Mlm
Wed Jan 30, 2019 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: When taking Social Security @62 could be wise
Replies: 191
Views: 13850

Re: When taking Social Security @62 could be wise

When I ask a lot of my friends why they took SS at 62 they told me that their “financial advisor” told them to.
Gee, I wonder why?
by Mlm
Mon Jan 28, 2019 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Money Troubles: Need advice to start over from a hole.
Replies: 37
Views: 3044

Re: Money Troubles: Need advice to start over from a hole.

I sounds like he needs to get a roommate or two. I don't see how that would affect his child support.
by Mlm
Thu Jan 24, 2019 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Too Much Savings for Income Manipulation for ACA Purposes?
Replies: 84
Views: 4892

Re: Too Much Savings for Income Manipulation for ACA Purposes?

Do Roth conversions count towards income for purposes of ACA subsidies? Yes So if you retire early, should you bite the bullet and do a single, bulk conversion, so you have less income in subsequent years, or spread it out over the years? Maybe there's a calculator floating around for that. It's re...
by Mlm
Thu Jan 24, 2019 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Too Much Savings for Income Manipulation for ACA Purposes?
Replies: 84
Views: 4892

Re: Too Much Savings for Income Manipulation for ACA Purposes?

billthecat wrote:
Thu Jan 24, 2019 10:11 pm
Do Roth conversions count towards income for purposes of ACA subsidies?
Yes
by Mlm
Tue Jan 22, 2019 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 177
Views: 16020

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

Mother, last to die, has a will that treats all surviving children equally. Should anyone challenge the will they get nothing. Suzie is the problem child and hits up parents and siblings for years. Eventually everyone compares notes and cuts Suzie off. Suzie continues to badger and threaten mother. ...
by Mlm
Wed Jan 16, 2019 7:05 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 50320

Re: John Bogle is dead at 89

I am grateful for Jack's inspiration. He made a difference.

Condolences to his family
by Mlm
Tue Jan 15, 2019 3:34 pm
Forum: Personal Investments
Topic: Qualified Dividends
Replies: 20
Views: 1853

Re: Qualified Dividends

I have been trying to wrap my head around recalculating qualified dividends. This information from Fidelity does a good job of explaining it. https://www.fidelity.com/tax-information/tax-topics/qualified-dividends Now I'm wondering what the IRS does when they match your 1099-DIV with your tax return...
by Mlm
Tue Jan 15, 2019 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: What's your experience upgrading to Quicken 2018 or 2019?
Replies: 41
Views: 2244

Re: What's your experience upgrading to Quicken 2018 or 2019?

I updated yesterday. It took a few minutes and went perfectly.
by Mlm
Tue Jan 15, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Change my mind - Lease > Buy New Car
Replies: 23
Views: 2034

Re: Change my mind - Lease > Buy New Car

Mazda just offered me a $750 loyalty reward and a $500 trade in incentive on the purchase of a new vehicle. You can get the same discount off of sticker on a purchase or a lease. In fact you should start with determining the out the door price before comparing purchase vs lease. If it's $34,599 to l...
by Mlm
Thu Jan 10, 2019 10:52 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 10106

Re: Disciplined with finances, but not so with diet

When I want to lose weight I just cut my normal choices in half. If I crave apple pie and ice cream I have it. All the programs that have you counting calories and points is too much work for me.

I can’t say I have felt hunger using this method and am able to lose about 8 to 10 lbs a monrh.
by Mlm
Tue Jan 01, 2019 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to online banking (Ally)
Replies: 35
Views: 1921

Re: Moving to online banking (Ally)

I moved my savings to Ally from Chase several years ago. I still maintain my checking/bill pay account and direct deposits with Chase. Transferring funds between the two is fast and easy. That is my exact setup too. I keep Chase for the Medallion signature, in case I decide to sell my I bonds. I fo...
by Mlm
Tue Jan 01, 2019 10:29 pm
Forum: Personal Consumer Issues
Topic: Your ideal home size
Replies: 130
Views: 8494

Re: Your ideal home size

Single person
1250 Sq foot, 3 bed / 1.5 bath, 1 car garage
additional finished basement and a three season room

I could live without the dining room which I hardly use any more.
by Mlm
Tue Jan 01, 2019 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to online banking (Ally)
Replies: 35
Views: 1921

Re: Moving to online banking (Ally)

I moved my savings to Ally from Chase several years ago. I still maintain my checking/bill pay account and direct deposits with Chase.
Transferring funds between the two is fast and easy.
by Mlm
Sun Dec 30, 2018 6:24 pm
Forum: Personal Investments
Topic: Budgeting for unexpected and capital expenses in retirement
Replies: 15
Views: 1137

Re: Budgeting for unexpected and capital expenses in retirement

I prepared a capital expenditure budget for the next 25 year. It includes everything I can think of from appliances, roof, furnace, AC, cars, etc. I don't include that amount in my investments available to spend on a monthly basis but it is included in my overall asset allocation. I also have two ye...
by Mlm
Sat Dec 29, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Help with RMD
Replies: 30
Views: 2350

Re: Help with RMD

I would note that Vanguard will figure your RMD for you to make life simple (Except when you have an IRA that was inherited and then that person died and it was inherited by you -- that RMD I have to calculate on my own, even though Vanguard could surely do the math if they wanted to). You might wa...
by Mlm
Thu Dec 20, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Considering living with Mother in law (MIL)
Replies: 34
Views: 3664

Re: Considering living with Mother in law (MIL)

I'm sorry that you and your MIL are in this situation. Have you actually toured Assisted Living Facilities in her area or yours? I have found that they are pretty good at "selling" reluctant people on their services. If she is lonely and depressed she might like what she sees. If she is dead set on ...
by Mlm
Wed Dec 19, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Extended family and money issues
Replies: 17
Views: 1748

Re: Extended family and money issues

Start complaining that in NY all your money goes to taxes. SALT, property taxes, school taxes, income taxes, sales tax, gas tax...bore them to death :D