Search found 3926 matches

by Dottie57
Tue Aug 21, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Co-habitation agreement - ??
Replies: 33
Views: 1316

Re: Co-habitation agreement - ??

Being who I am I wouldn’t do it. However if she does let him in : Maybe a written agreement stating he would leave at any time it was requested. She agrees to put him up at a long term hotel for up to a month -that’s it. No landlord stuff -just a verbal agreement on paying monthly. Beware anyone who...
by Dottie57
Mon Aug 20, 2018 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Question from an FA
Replies: 12
Views: 938

Re: Question from an FA

I am sorry. No advice since I keep things simple. I think you are talking to the wrong crowd.
by Dottie57
Mon Aug 20, 2018 7:04 pm
Forum: Investing - Theory, News & General
Topic: Are millennials botching their asset allocations?
Replies: 68
Views: 6892

Re: Are millennial botching their asset allocations?

As a 27 year old who frequents this website, I am not botching my asset allocations. However, I do find concerning the number of my friends/coworkers who have either little to no ability to save, no concern about their retirement, or just trusting their financial advisor blindly. I think many peopl...
by Dottie57
Mon Aug 20, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Home down payment question- HELOC or save money
Replies: 10
Views: 688

Re: Home down payment question- HELOC or save money

Thanks for the reply. I agree, in option 1 I might be stuck with the choice of what to do with the home equity after the sale of my old house. I suppose I would probably apply it to the 5% home loan in that case. As far as the summer of 2020 goes, this was a goal to get into our “permanent” area pr...
by Dottie57
Mon Aug 20, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 76
Views: 3459

Re: Excessive Emergency Room Charges - Options?

Why do you think you should not pay legitimate bills for services that, apparently, you agreed to in seeking medical help? To go to the ER, it would seem that you must have been very concerned about the immediacy of an "emergency" vs seeing physician(s) the next day or seeking care from an urgent c...
by Dottie57
Mon Aug 20, 2018 12:21 pm
Forum: Personal Consumer Issues
Topic: ICE or a hybrid car
Replies: 31
Views: 1685

Re: ICE or a hybrid car

I bought a regular ICE Camry in April. I formerly had a Camry Hybrid. I would have gone Hybrid this time too, but it was 3k more.. I had federal credit before..
by Dottie57
Mon Aug 20, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Trust as Beneficiary OF ROTH and Traditional IRA
Replies: 18
Views: 1348

Re: Trust as Beneficiary OF ROTH and Traditional IRA

Both heirs should inherit both TIRA and Roth. Doesn’t matter Who makes more. Situations can change over time. Simplicity is best.
by Dottie57
Mon Aug 20, 2018 9:58 am
Forum: Investing - Theory, News & General
Topic: Slash your retirement Risk
Replies: 8
Views: 1676

Re: Slash your retirement Risk

It might be interesting read. But this not a buy and hold strategy. I suspect it is more factor based from reading the pages allowed by Amazon.
by Dottie57
Mon Aug 20, 2018 9:40 am
Forum: Investing - Theory, News & General
Topic: Another reason to be wary of international stocks...
Replies: 22
Views: 2943

Re: Another reason to be wary of international stocks...

https://www.cnbc.com/2018/08/17/chinas-stock-market-drop-might-not-reflect-its-economic-reality.html Thoughts? Blue Line Jumps 11 Percent NEW YORK–Excitement swept the financial world Monday, when a blue line jumped more than 11 percent, passing four black horizontal lines as it rose from 367.22 to...
by Dottie57
Sun Aug 19, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: PCP Wants Full Charge Up Front [Primary Care Physician]
Replies: 94
Views: 5071

Re: PCP Wants Full Charge Up Front

this often has to do with high-deductible health plans. If you have a $20 copay but have not met your deductible, you are responsible for the full amount after any insurance discounts. Some doctors are not collecting any money besides the copay from patients on high-deductible plan because they dec...
by Dottie57
Sun Aug 19, 2018 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Relative Short on Money
Replies: 92
Views: 7284

Re: Elderly Relative Short on Money

Again, if you believe the media I guess it does Joeretire. Everyone in MA. makes 11.00 hr. I've asked employees I've known in the last few months w/their wage at both Stop & Shop(It pays less to "disabled'' workers in their PT disabled workers programs too! Just like Walmart does! Yes, less than 7....
by Dottie57
Sun Aug 19, 2018 11:43 am
Forum: Investing - Help with Personal Investments
Topic: 4-5 yrs to retirement--seeking insights on funds & priorities
Replies: 17
Views: 2111

Re: 4-5 yrs to retirement--seeking insights on funds & priorities

As you revise your budget and perhaps reduce the number of funds in each account, I would think about whether you want to do Roth conversions. I saved money in savings for this purpose and plan to start converting next year -first year without a salary. The reduced fed income taxes will stretch my m...
by Dottie57
Sun Aug 19, 2018 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Rental Property + 1031 + Parents Retirement + Brother's Stupidity Question
Replies: 4
Views: 621

Re: Rental Property + 1031 + Parents Retirement + Brother's Stupidity Question

Bear with me while I set the scene. My folks are planning on moving out of our childhood home and moving a little closer to me, my brother, and their grandkids. My brother does some real estate transactions through a LLC that he opened/owned pre-marriage. He owns a rental property in Fort Worth tha...
by Dottie57
Sun Aug 19, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Switching jobs: what’s your number?
Replies: 12
Views: 1245

Re: Switching jobs: what’s your number?

I only switched companies once in my career. I went from 42k to 46k and was happy - less than 10% raise. I left the old job for a new work environment and possibility of job growth. In the new mega corp I was able to switch jobs and learn new tech. It was a good place to be until the last years.
by Dottie57
Sun Aug 19, 2018 11:09 am
Forum: Investing - Help with Personal Investments
Topic: How to adjust my AA to pay for a large cash investment in 2 years
Replies: 3
Views: 182

Re: How to adjust my AA to pay for a large cash investment in 2 years

So I currently have a portfolio of 100% equities. I am considering investing in an off-plan real estate project which requires me to cash flow 50% during construction PLUS the remainder as a lump sum on hand-over. The first 50%, I can cover with my current income but the remainder would have to be ...
by Dottie57
Sun Aug 19, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Unequal tax treatment of HSAs and 529s
Replies: 13
Views: 1215

Re: Unequal tax treatment of HSAs and 529s

As far as I can tell, while IRS does not appear to directly address the tax exclusion of distributions from either 529 plans or HSAs for qualified prior year expenses, most web articles and posts here seem to indicate that taxpayers are ok to exclude this type of income for HSAs but not 529 plans. ...
by Dottie57
Sat Aug 18, 2018 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Your major and investing/finance?
Replies: 96
Views: 4314

Re: Your major and investing/finance?

:confused Economics. I don’t know about correlations to specfic majors, but a big chunk of the mistakes that I see on the forum are due to innumeracy. If you don’t have a basic understanding if math and statistics, it leads to bad financial decisions. Which is not be say that everyone who understan...
by Dottie57
Sat Aug 18, 2018 10:40 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: A 5 Factor Evaluation
Replies: 21
Views: 3682

Re: Larry Swedroe: A 5 Factor Evaluation

Not necessarily. Some people invest in stocks because by taking the risk of buying equity in real businesses with real cashflows they earn a share of all future streams of dividends and earnings. Corporate earnings are something much more tangible than correlations. (All that said, I do invest in f...
by Dottie57
Sat Aug 18, 2018 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: One more reason for Fidelity Visa
Replies: 15
Views: 3046

Re: One more reason for Fidelity Visa

I love the card because it basically "forces" me to save. Not that I'm a big spender by any stretch, but it's kinda nice knowing that through no extra work of my own, my kid's 529 is getting a extra trickle of deposits and I don't have a chance to "blow" the rewards. And 2% on EVERYTHING is pretty ...
by Dottie57
Sat Aug 18, 2018 9:30 pm
Forum: Investing - Theory, News & General
Topic: This is Unbelievable - another Vanguard customer support odyssey
Replies: 68
Views: 14384

Re: This is Unbelievable - another Vanguard customer support odyssey

My experience with Vanguard lately has been perfectly fine. A long long time ago though, when VG was my 401k provider, they messed up big time due to software glitches. My 401k contributions were stopped mid-year after I'd met the year's max, which was fine. But the next year, VG did not start the ...
by Dottie57
Sat Aug 18, 2018 8:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard predicts 10 year equity returns
Replies: 91
Views: 9531

Re: Vanguard predicts 10 year equity returns

Please tell me these are real returns. I suspect not. I'm pretty sure those are real return estimates. Those are predicted nominal returns. https://advisors.vanguard.com/iwe/pdf/FA863418.pdf They're predicting inflation will stay around 2%, so real US market returns of 1-3% over the next decade. 10...
by Dottie57
Sat Aug 18, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Your major and investing/finance?
Replies: 96
Views: 4314

Re: Your major and investing/finance?

:confused Economics. I don’t know about correlations to specfic majors, but a big chunk of the mistakes that I see on the forum are due to innumeracy. If you don’t have a basic understanding if math and statistics, it leads to bad financial decisions. Which is not be say that everyone who understand...
by Dottie57
Sat Aug 18, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Negative Insurance Discount with United Health Care and Sentara
Replies: 40
Views: 2117

Re: Negative Insurance Discount with United Health Care and Sentara

The best thing OP could do is post the EOB with all of the lines in it.

It is all a guessing game since we don’t have the whole picture.
by Dottie57
Sat Aug 18, 2018 1:32 pm
Forum: Personal Consumer Issues
Topic: Soap for hand washing dishes
Replies: 40
Views: 2027

Re: Soap for hand washing dishes

jharkin wrote:
Sat Aug 18, 2018 11:01 am
Dottie57 wrote:
Sat Aug 18, 2018 9:59 am
I use Dawn. Original formula. If it works for animals covered in oil from oil spills, it is fine for me.
+1 Dawn has got to be the best soap ever invented. Also works wonders for cleaning prescription eyeglasses.
Totally agree for glasses too.
by Dottie57
Sat Aug 18, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 104
Views: 12184

Re: Teachers Who Have Net Worth of $1 million +

In Arizona, for 5 years our schools were on 4 days a week schedule, to cut costs. Many teachers were opposed to the change back -- Who wouldn't like a 4 day work week? I am sure the students loved it too. However, when you think about the mission of public schools, it would seem their education wou...
by Dottie57
Sat Aug 18, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Elderly Relative Short on Money
Replies: 92
Views: 7284

Re: Elderly Relative Short on Money

Is your SPIA producing 18k/year inflation adjusted also or are you doing an apples to oranges comparison? The nominal SWR (i.e. no inflation adjusted) for a 50/50 allocation is somewhere in around 6% or pretty much what that SPIA she can buy today will offer. Obviously a portfolio gives the chance ...
by Dottie57
Sat Aug 18, 2018 9:59 am
Forum: Personal Consumer Issues
Topic: Soap for hand washing dishes
Replies: 40
Views: 2027

Re: Soap for hand washing dishes

I use Dawn. Original formula. If it works for animals covered in oil from oil spills, it is fine for me.
by Dottie57
Sat Aug 18, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: Need help identifying a smell
Replies: 11
Views: 947

Re: Need help identifying a smell

Today I was cleaning in my living room when I smelled a "burning sort of" odor (validated by fellow house members). Maybe like burning toast or some kind of plastic. What could it be? Here is what I did to troubleshoot - I have a keen nose: * The odor was not coming from anything on the second floo...
by Dottie57
Sat Aug 18, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Negative Insurance Discount with United Health Care and Sentara
Replies: 40
Views: 2117

Re: Negative Insurance Discount with United Health Care and Sentara

My wife has had the same thing with a CT scan, cash rate was $190, insurance rate $400ish. We are on a high deductible plan and would have had to cover the $400, so we paid cash. As others pointed out the $190 would not count towards your deductible. Are you sure the provider was in network? Out of...
by Dottie57
Sat Aug 18, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: physics/math major looking for programmer/analyst job?
Replies: 76
Views: 3652

Re: physics/math major looking for programmer/analyst job?

Data Science is an amazing field to worn on. It involves a lot of math although plus it's a demanding job in the recent market. Data scientists are trained to identify data that stands out in some way. They create statistical, network, path, and big data methodologies for predictive fraud propensit...
by Dottie57
Sat Aug 18, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: physics/math major looking for programmer/analyst job?
Replies: 76
Views: 3652

Re: physics/math major looking for programmer/analyst job?

I’ve taken a class from Udemy.com. Never pay fill price. If you wait a month or two, you can takebuy classes for under $20.

Not a total solution, but it might help.
by Dottie57
Fri Aug 17, 2018 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Non-owner contributing to home renovations: what's fair?
Replies: 39
Views: 2338

Re: Non-owner contributing to home renovations: what's fair?

delamer wrote:
Thu Aug 16, 2018 8:01 pm
If you “do not commingle your finances and have no plans to,” then why would you agree to a set up that gives your partner a claim on your house or other assets?
This. Keep things simple and sweet.
by Dottie57
Fri Aug 17, 2018 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Relative Short on Money
Replies: 92
Views: 7284

Re: Elderly Relative Short on Money

Buy a SPIA if she cannot handle money. It will give close to 18k + 12k SS = 30k/yr. 290k is not going to produce 18k/yr adjusted for inflation. $800/month will be a safe withdrawal. Without SPIA ,she has to live on 1.8k/month if she cannot work or be a dependant. Is your SPIA producing 18k/year inf...
by Dottie57
Fri Aug 17, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Financially Wise to Help Adult Child Buy Larger House
Replies: 18
Views: 2037

Re: Financially Wise to Help Adult Child Buy Larger House

My daughter is responsible in that mortgage and bills are paid, but they are undisciplined in saving and spent more for entertainment thank they “should”. They are in their mid 40s with 1 child. Then encouraging them to buy a larger house seems irresponsible. What if you gift them the money and the...
by Dottie57
Fri Aug 17, 2018 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: PITI 20% to 30% lower than renting
Replies: 39
Views: 2422

Re: PITI 20% to 30% lower than renting

Owning a home is more than an expense. It Was worth the price and I have lived in it for 30 years.
by Dottie57
Fri Aug 17, 2018 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Helping mother-in-law after her husbands passing
Replies: 20
Views: 1329

Re: Helping mother-in-law after her husbands passing

Only making $2,100 per month as a State Farm insurance agent? Is she part-time? Can she increase hours to make more money? One of the biggest assets she has is the ability to earn money from her work in the future. If she could increase that, she will have a lot more flexibility in the future. We d...
by Dottie57
Fri Aug 17, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Helping mother-in-law after her husbands passing
Replies: 20
Views: 1329

Re: Helping mother-in-law after her husbands passing

Check the rules about receiving SS. Survivors benefits. And when the dust has settled, emphasize the need for retirement investibf for the next 10-15 years. It looks like the known assets will give her at least 350k in investments plus insurance. If there is another policy of 2 times husbands salary...
by Dottie57
Fri Aug 17, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Relative Short on Money
Replies: 92
Views: 7284

Re: Elderly Relative Short on Money

Thanks again for the suggestions. 1. The consensus seems to be "get a job," "pay lower rent," and "65 is not old!" Many suggestions, like moving to a cheaper area, and getting rid of the car, are not practical in her case. Minimum wage in MA looks like it will be about $12 an hour next year. 2. I t...
by Dottie57
Fri Aug 17, 2018 9:16 am
Forum: Investing - Help with Personal Investments
Topic: RMD question, having two IRA's
Replies: 6
Views: 540

Re: RMD question, having two IRA's

While the TSP is tax deferred like an IRA, technically it is not an IRA. TSP RMDs must be taken from the TSP. If you have 2 or more IRAs (not TSP, 401k, other), then you can aggregate the RMD of all IRA accounts and take the distribution(s) from any IRA of your choice. understand, you still must ag...
by Dottie57
Fri Aug 17, 2018 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Do we really need to save 20 % ?
Replies: 28
Views: 2755

Re: Do we really need to save 20 % ?

It really depends on the loan rate, but I tend to agree with your wife. I would however prioritize any tax deferred investing opportunities you may have. As to 20% savings, it really depends. The less you save the longer you will have to work. Also the higher your expenses, thelonger you will work.
by Dottie57
Thu Aug 16, 2018 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Relative Short on Money
Replies: 92
Views: 7284

Re: Elderly Relative Short on Money

An SPIA can be bought within an IRA. It would give 6% payout - better than 4%.
by Dottie57
Thu Aug 16, 2018 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 42
Views: 3157

Re: Buy back service time on pension

iceport wrote:
Thu Aug 16, 2018 5:52 pm
Dottie57 wrote:
Thu Aug 16, 2018 5:23 pm
Cities can go bankrupt. Counties can go bankrupt. I assume that states can do so.
Not without new laws and new court decisions. A concise summary: 3 Questions on State Bankruptcy
Thanks - will investigate.
by Dottie57
Thu Aug 16, 2018 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 42
Views: 3157

Re: Buy back service time on pension

A State can’t print money like the Federal govt can. I think they can go broke. Hi Dottie57, I don't think that's correct. I'm no lawyer, but I've looked into it a little. My understanding is that there is no legal mechanism for states to declare bankruptcy. Municipalities, yes. Counties, apparentl...
by Dottie57
Thu Aug 16, 2018 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 107
Views: 7361

Re: Why the Yale Endowment Hate?

well, then, this post is rather ironic. You gave the poster flak for using "I" after a preposition (cf. "me"), yet proceeded to end a sentence with a preposition and managed to write "is has" ;) I knew I’d probably screw something up in my rush to be snarky; my only defense, lame as it is, is that ...
by Dottie57
Thu Aug 16, 2018 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 42
Views: 3157

Re: Buy back service time on pension

Public sector pension cuts have been done. My (early retirement) state pension was cut by ~20% 6 years before I was eligible. COLAs were also slashed. It does happen. Certain accrued benefits are locked in once earned, but not things like early retirement treatments and COLAs. That being said, a 70...
by Dottie57
Thu Aug 16, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Negative Insurance Discount with United Health Care and Sentara
Replies: 40
Views: 2117

Re: Negative Insurance Discount with United Health Care and Sentara

I'm not an expert, but when you signed up for insurance you agreed to pay the contracted rate. It's indeed strange that the amount you were billed is less than the rate, but the law requires you pay the rate you agreed to when you accepted to be covered by insurance. I think it's possible, but am n...
by Dottie57
Thu Aug 16, 2018 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Negative Insurance Discount with United Health Care and Sentara
Replies: 40
Views: 2117

Re: Negative Insurance Discount with United Health Care and Sentara

I would send this info to the appropriate state agency which handle health plans. It sounds crooked. Maybe also your Congress person and senators. To me this is a big deal. You should not have to pay more than originally billled. The whole purpose of coverage is to negotiate lower costs. Maybe, but...
by Dottie57
Thu Aug 16, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Negative Insurance Discount with United Health Care and Sentara
Replies: 40
Views: 2117

Re: Negative Insurance Discount with United Health Care and Sentara

I would send this info to the appropriate state agency which handle health plans. It sounds crooked. Maybe also your Congress person and senators. To me this is a big deal. You should not have to pay more than originally billled.

The whole purpose of coverage is to negotiate lower costs.
by Dottie57
Thu Aug 16, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred annuity inheritance
Replies: 6
Views: 346

Re: Deferred annuity inheritance

My beloved father-in-law died this past June. The settlement of his estate has gone much more smoothly than I had anticipated. One component of his estate inherited by my wife is a deferred annuity valued at approximately $64,000. We are retired, my wife is 65 years old and I 66. My question concer...
by Dottie57
Thu Aug 16, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 122
Views: 6728

Re: Take auto loan 0.9% if I can afford cash?

"Would you take a car loan that you didn’t need?" No, Pay cash move on Don't think about a loan Enjoy the new ride :mrgreen: :mrgreen: +1 Some of us just think differently!! :sharebeer :sharebeer +1 Just bought a car with cash payment. Low interest was available, but decided I didn’t want another m...