Search found 7127 matches

by ResearchMed
Fri Oct 19, 2018 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Timing mortgage pay down
Replies: 37
Views: 2120

Re: Timing mortgage pay down

30 years fixed rate mortgage is not the same as a normal bond or a bond fund. KlangFool So you say - but my point is that this subject is more nuanced than you care to consider. You have a very black and white view that is generally at odds with my experience. I don't believe that it makes any diff...
by ResearchMed
Fri Oct 19, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: If I'm convinced to stop making extra mortgage payments, should I recast?
Replies: 11
Views: 1532

Re: If I'm convinced to stop making extra mortgage payments, should I recast?

I've learned a lot following the recent posts re. paying off one's mortgage early and I think that I have been convinced to stop making extra principal payments. As a bit of background, we max out all of our tax deferred investments, have adequate emergency savings, contribute to 529s, etc. Any ext...
by ResearchMed
Fri Oct 19, 2018 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Best options for cash in Schwab brokerage accounts?
Replies: 59
Views: 12581

Re: Best options for cash in Schwab brokerage accounts?

I started putting some money into Schwab's SWVXX money market in May of this year. When I look at the "positions" tab, the gains/loss is 0% (which is disturbing, actually). I would like to be able to see online the $s gain/lost for that day, and the % gains/loss year to date for each fund. Or, if i...
by ResearchMed
Fri Oct 19, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Payroll Tax Cap
Replies: 6
Views: 472

Re: Social Security Payroll Tax Cap

Interesting detail to add... If one works for two W-2 jobs, and in total earns above the cap, he/she will get back the extra SS tax paid, but the employER does not. Meaning, each employer paid some share of SS tax which the employEE did not end up owing. I don't believe there is any mechanism for e...
by ResearchMed
Fri Oct 19, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Payroll Tax Cap
Replies: 6
Views: 472

Re: Social Security Payroll Tax Cap

So the social security payroll tax cap is on $128,400 of wages, thus $7,960.80 is the max a company will withhold per year. Could someone clear up the following situation: High income earner makes more than cap and his W-2 job stops withholding after earner hits $7,960.80. Side gig of same person c...
by ResearchMed
Fri Oct 19, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 101
Views: 4603

Re: Depositing Cash if it was gifted?

The title says "Cash." I am curious whether the same rule also applies to a bank check or a transfer between two financial institutions. One time I emptied a fairly large credit union account and walked up to a nearby Fidelity to buy a CD ladder. I also transfer excess fund from my checking account...
by ResearchMed
Fri Oct 19, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 101
Views: 4603

Re: Depositing Cash if it was gifted?

I sold a car for $12,000 and the seller literally brought cash. To avoid the possibility of it being counterfeit, I asked for him to bring the money to my credit union, and we deposited it there. I was asked a great deal of information, including for my driver license, where the cash was coming fro...
by ResearchMed
Thu Oct 18, 2018 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: Timing mortgage pay down
Replies: 37
Views: 2120

Re: Timing mortgage pay down

OP, It is very simple. Mortgage interest rate = X. Market return = Y. If Y > X, investing win. If X > Y, pay extra win. It has nothing to do with timing. If you have $500 extra, mortgage interest = 3% and market return = 7%, investing the $500 always win since 7% is greater than 3%. KlangFool P.S.:...
by ResearchMed
Thu Oct 18, 2018 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: Timing mortgage pay down
Replies: 37
Views: 2120

Re: Timing mortgage pay down

OP, It is very simple. Mortgage interest rate = X. Market return = Y. If Y > X, investing win. If X > Y, pay extra win. It has nothing to do with timing. If you have $500 extra, mortgage interest = 3% and market return = 7%, investing the $500 always win since 7% is greater than 3%. KlangFool P.S.:...
by ResearchMed
Thu Oct 18, 2018 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: Timing mortgage pay down
Replies: 37
Views: 2120

Re: Timing mortgage pay down

I understand that, Klangfool. But that isn’t the question. Some people may have different comfort levels with debt or different goals altogether. For example, Retiring Russ may be retiring in 15 years and may decide to pay his mortgage off in 15 years as opposed to 30 years so he doesn’t have a mor...
by ResearchMed
Thu Oct 18, 2018 9:59 pm
Forum: Personal Consumer Issues
Topic: Freestanding Wine Fridge Reccomendations
Replies: 9
Views: 820

Re: Freestanding Wine Fridge Reccomendations

I need recommendations for a decent wine fridge. I'm finding this especially hard to research, as it's a niche enough product that it doesn't seem to get widely reviewed by the standard third parties, it seems easy to drastically overpay, and quality seems to be all over the place. I think I need s...
by ResearchMed
Thu Oct 18, 2018 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 101
Views: 4603

Re: Depositing Cash if it was gifted?

Deposit the cash. If asked where you received the funds, be truthful - you inherited it. But the OP did not inherit it . His grandmother did. Now she wants to gift it to him. My grandfather recently passed away in July. He was 94 years old, a month from 95, and he left my grandmother almost $70,000...
by ResearchMed
Thu Oct 18, 2018 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 101
Views: 4603

Re: Depositing Cash if it was gifted?

Celia, not good advice. You are advocating structuring which is a crime. Gill Suggesting she hold onto it for herself is good advice, if you don't know her financial affairs. Are you referring to her depositing her own money in stages??? Yes, *any* repeated deposits that are each nearly $10k are "s...
by ResearchMed
Thu Oct 18, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 101
Views: 4603

Re: Depositing Cash if it was gifted?

I'll bet there's probably more cash in other places in the house. (My in-law put a deceased's persons stuff in the front yard for a yard sale, then started going through the pockets. After they found several hundred dollars, they pulled all the clothes inside for another time. The original family d...
by ResearchMed
Thu Oct 18, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 101
Views: 4603

Re: Depositing Cash if it was gifted?

Hi all, My grandfather recently passed away in July. He was 94 years old, a month from 95, and he left my grandmother almost $70,000 in cash that she did not know about (I mean literal $20 and $100 bills). My grandmother wants to gift me and her other grandsons $10-$15K each of it. My question is -...
by ResearchMed
Thu Oct 18, 2018 4:40 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3344
Views: 1004437

Re: What Book Are You Currently Reading? Part VI

I am on a cycle of re reading old classics that enjoyed years ago. And to be more specific, there were two books which years ago brought tears to my eyes at ending which I read in past weeks just to see if would occur again, kind of like a test of my now much older sensibilities. The Age of Innocen...
by ResearchMed
Thu Oct 18, 2018 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can you include this in a will?
Replies: 15
Views: 1992

Re: Can you include this in a will?

PoppyA wrote:
Thu Oct 18, 2018 12:13 pm
If you don’t want heirs fighting over your will, can you add a condition that any one who challenges it, forfeits their bequest?
I've heard of those.

Some legal eagles here will chime in about whether those clauses are enforceable.

RM
by ResearchMed
Thu Oct 18, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Local review of Truecar
Replies: 8
Views: 859

Re: Local review of Truecar

As described elsewhere on BH, we used TrueCar to help us get MIL a new car when she was cross country from us. Used TC to get quotes from several dealers. Those who "stuck with the request" and didn't go off the rails right away with upsells, I then contacted them directly, with *specifics* and said...
by ResearchMed
Thu Oct 18, 2018 10:43 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Prepare For The Bear
Replies: 74
Views: 9462

Re: Larry Swedroe: Prepare For The Bear

My last comments to explain a few things Homer The problem is that you fail to recognize what I have pointed out repeatedly in many discussions over the years about even DFA funds, you cannot extrapolate from a prospectus because it is written by lawyers to preclude lawsuits and often includes many...
by ResearchMed
Thu Oct 18, 2018 10:24 am
Forum: Personal Consumer Issues
Topic: To replace old Volvo
Replies: 35
Views: 1314

Re: To replace old Volvo

Volvo has one of the best CPO warranty's out there. 7 years or 100,000 miles from the date the vehicle was first placed in service. The new 2019 S60's should be in dealerships Dec/Jan. Volvo does have an early-trade up leasing program. I'd expect you'd find some screaming deals on low-milage lease ...
by ResearchMed
Wed Oct 17, 2018 10:22 pm
Forum: Personal Consumer Issues
Topic: Personal Adventure - recommendations
Replies: 77
Views: 4126

Re: Personal Adventure - recommendations

This is a great thread. No one has mentioned the wild and crazy events coordinated by the Adventurists so I will: https://www.theadventurists.com/home/ These are way too out there for me and probably for most bogleheads, but I admire the spirit motivating them. I think that spirit can be used to in...
by ResearchMed
Wed Oct 17, 2018 3:21 pm
Forum: Personal Consumer Issues
Topic: To replace old Volvo
Replies: 35
Views: 1314

Re: To replace old Volvo

Again. Thank you very much. I have just done that. Also, to RM, I would like to respond to your request but I can't figure out how to do it as the responses which are coming in are not always sequential. Uh oh, I think we - including ME - are confused. I was trying to get someone ELSE to reformat. ...
by ResearchMed
Wed Oct 17, 2018 2:56 pm
Forum: Personal Consumer Issues
Topic: To replace old Volvo
Replies: 35
Views: 1314

Re: To replace old Volvo

1johanna wrote:
Wed Oct 17, 2018 2:54 pm
Not quite sure what you suggest I do but I doesn't matter. I got the gist of your message & thank you for it.
If you are referring to me (RM), I'd prefer that you fix the entry you made that seems to show *me* writing what in fact *you* had written.
It would be simple courtesy.

Thank you.

RM
by ResearchMed
Wed Oct 17, 2018 2:49 pm
Forum: Personal Consumer Issues
Topic: To replace old Volvo
Replies: 35
Views: 1314

Re: To replace old Volvo

Thank you. I have never had a better car than the S70 and, and I said, had hoped to keep it forever. Whenever I have to rent a car they all seem like tin cans after the Volvo. What I've found though, as a single woman, is that even the best recommended mechanics, tend, over time to take advantage. ...
by ResearchMed
Wed Oct 17, 2018 2:21 pm
Forum: Personal Consumer Issues
Topic: To replace old Volvo
Replies: 35
Views: 1314

Re: To replace old Volvo

Thank you. I have never had a better car than the S70 and, and I said, had hoped to keep it forever. Whenever I have to rent a car they all seem like tin cans after the Volvo. What I've found though, as a single woman, is that even the best recommended mechanics, tend, over time to take advantage. ...
by ResearchMed
Wed Oct 17, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: How to avoid exposure from owning rental properties
Replies: 6
Views: 501

Re: How to avoid exposure from owning rental properties

You probably cannot get the properties entirely veiled by an LLC *if* you have a mortgage, unless the LLC has enough assets/credit history to have a mortgage issued INSTEAD OF a mortgage in personal names. If properties are "paid off", then that's not a concern. I don't believe a mortgage has any i...
by ResearchMed
Wed Oct 17, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: How to avoid exposure from owning rental properties
Replies: 6
Views: 501

Re: How to avoid exposure from owning rental properties

Hello, How does one protect oneself from the exposure caused by rental property investments? Deeds are pubic info and anyone can find out what one owns. I have 2 rental homes (both on mortgage, though) and I am trying to figure out how to protect myself and my family from bad actors out there. Move...
by ResearchMed
Wed Oct 17, 2018 4:12 am
Forum: Personal Finance (Not Investing)
Topic: What would you do with unexpected tax refund?
Replies: 25
Views: 1266

Re: What would you do with unexpected tax return?

Why is your tax return unexpected? Don't you usually have to file? For 2018, if your income is the same and you don't have to file, it's because the tax laws were changed last year and took effect this year. Celia - it was unexpected because we dont typically get a big return, maybe just a little m...
by ResearchMed
Tue Oct 16, 2018 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Travel insurance from chase sapphire card
Replies: 6
Views: 746

Re: Travel insurance from chase sapphire card

I was curious if anybody has ever put in a travel claim(cancellation,interruption of trip,etc)using their chase sapphire preferred card. Thanks You might want to ask this on www.CruiseCritic.com on the "Travel Insurance" sub-forum. (It's not at all cruise-specific.) There has been a good amount of ...
by ResearchMed
Tue Oct 16, 2018 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?
Replies: 55
Views: 2711

Re: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?

Don't forget, the probabilities aren't any higher/better now. the odds of winning do not change, BUT the payoff does change. as the payoff grows, there becomes a point in which buying a ticket is not considered a bad bet Yes. The complete text of what you quoted from me was Don't forget, the probab...
by ResearchMed
Tue Oct 16, 2018 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?
Replies: 55
Views: 2711

Re: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?

Why buy so many tickets? Just buy one for each drawing if you must. This will raise your chances of winning to just above zero. That’s all you need to win. If luck is a lady you’ll win. Me? I won’t be buying. Right. There is a qualitative difference between a probability of *zero* and a probability...
by ResearchMed
Tue Oct 16, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?
Replies: 55
Views: 2711

Re: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?

Don't forget, the probabilities aren't any higher/better now.

But *IF* you win the big one, it may be a much bigger amount (depending upon how many co-winners there are).

RM
by ResearchMed
Tue Oct 16, 2018 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?
Replies: 55
Views: 2711

Re: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?

The amount of pleasure I derive from getting lost in a fantasy about winning is worth way more than $20 to me. I probably spend $50 a month on average on lottery tickets, most often after a bad day at work. Ha ha! I guess the main reason I don't buy these tickets is because I DO NOT WANT TO WIN! I ...
by ResearchMed
Tue Oct 16, 2018 5:02 pm
Forum: Personal Consumer Issues
Topic: Personal Adventure - recommendations
Replies: 77
Views: 4126

Re: Personal Adventure - recommendations

Hiking the PCT seems to fit your requirements. What about learning to hang glide or something like that? Another BH'er recently walked cross country (USA). He had a great blog. [Can anyone help with who that was?] Choose a route with more mountains if you'd enjoy that more. Or PCT and then the Appa...
by ResearchMed
Tue Oct 16, 2018 3:57 pm
Forum: Personal Consumer Issues
Topic: Personal Adventure - recommendations
Replies: 77
Views: 4126

Re: Personal Adventure - recommendations

Some other shorter things that I have mostly not done. Some of these you might want to put on your list for when you are older. 1) Long bike trails, there are "rails to trails" where they have converted a railroad line to be a bike/hike trail. Here is an example. https://bikekatytrail.com/ 2) There...
by ResearchMed
Tue Oct 16, 2018 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Reasonable cost for a forever home?
Replies: 25
Views: 2814

Re: Reasonable cost for a forever home?

Hello All! My fiancee and I are looking to buy a home, based on the advice here, i'd like to only ever buy one house and be happy with that one house. We live in a very high cost of living area, and was curious as to what people here think are reasonable limits for a home based on our finances. We ...
by ResearchMed
Tue Oct 16, 2018 3:39 pm
Forum: Personal Consumer Issues
Topic: Personal Adventure - recommendations
Replies: 77
Views: 4126

Re: Personal Adventure - recommendations

This would be shorter, or part of maybe a cross country, but Colorado has an amazing bike path paralleling much (all?) of I-70, right up and over the passes, and through a gorgeous canyon (that part is a breathtaking drive, too).

RM
by ResearchMed
Tue Oct 16, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 85
Views: 3663

Re: Long-term Care Insurance

This might be state specific, no surprise. Although I didn't "get" ALL of it when I read the state requirements, it certainly didn't look like what you describe. But I'll look again. It's been a few months. RM What didn't look like what I described? The surviving spouse being indigent, unless she/h...
by ResearchMed
Tue Oct 16, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 85
Views: 3663

Re: Long-term Care Insurance

This might be state specific, no surprise. Although I didn't "get" ALL of it when I read the state requirements, it certainly didn't look like what you describe. But I'll look again. It's been a few months. RM What didn't look like what I described? I'll need to look it all up again. I would have r...
by ResearchMed
Tue Oct 16, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 85
Views: 3663

Re: Long-term Care Insurance

So for a spouse who has this type of annuity - let's say with all assets but not topping, say, $3k/mo - IF they are in the group that lives longer than the expected value... they must be destitute for their remaining life? RM The spouse would still get his/her social security and/or pensions. Lower...
by ResearchMed
Tue Oct 16, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 85
Views: 3663

Re: Long-term Care Insurance

So for a spouse who has this type of annuity - let's say with all assets but not topping, say, $3k/mo - IF they are in the group that lives longer than the expected value... they must be destitute for their remaining life? RM The spouse would still get his/her social security and/or pensions. Lower...
by ResearchMed
Tue Oct 16, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 85
Views: 3663

Re: Long-term Care Insurance

Obviously you guys had never priced a "Medicaid-compliant" annuity. I have. Obviously, you're jumping to conclusions. Here's a quote from www.immediateannuities.com. It is for a 70 year old female. For a $1 million premium, the payout is $6,075 monthly, which is $72,900 annually. At that rate, it w...
by ResearchMed
Tue Oct 16, 2018 2:25 pm
Forum: Personal Consumer Issues
Topic: Personal Adventure - recommendations
Replies: 77
Views: 4126

Re: Personal Adventure - recommendations

Hiking the PCT seems to fit your requirements. What about learning to hang glide or something like that? Another BH'er recently walked cross country (USA). He had a great blog. [Can anyone help with who that was?] Choose a route with more mountains if you'd enjoy that more. Or PCT and then the Appa...
by ResearchMed
Tue Oct 16, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 85
Views: 3663

Re: Long-term Care Insurance

Yes, a good elder care attorney is a must for anyone doing serious LTC planning. If you don't have a desire for a legacy, the issue is much simpler. You can just wait until one spouse needs LTC, then annuitize 'countable' assets for the benefit of the other spouse. If both spouses need LTC simultan...
by ResearchMed
Tue Oct 16, 2018 12:02 pm
Forum: Personal Consumer Issues
Topic: de-balling down comforter?
Replies: 7
Views: 583

Re: de-balling down comforter?

If you do rewash it (try no soap this time), consider taking it to a laundromat with those clean tennis balls, and put it in a LARGE dryer so it can really tumble freely. Bring a kindle. Make sure that at the end of the drying cycle, or perhaps for the "final" drying cycle (it may well take more th...
by ResearchMed
Tue Oct 16, 2018 11:56 am
Forum: Personal Consumer Issues
Topic: Jury duty - already booked vacation
Replies: 51
Views: 5287

Re: Jury duty - already booked vacation

+1 to all the replies. The summons should have information about deferrals, hardship exemptions and transfer requests + a phone number to call and discuss special circumstances. Where I live, every summons allows one request to reschedule for up to a year in the future with no justification. Anythi...
by ResearchMed
Tue Oct 16, 2018 10:03 am
Forum: Personal Consumer Issues
Topic: Jury duty - already booked vacation
Replies: 51
Views: 5287

Re: Jury duty - already booked vacation

Most of the above comments reflect local court procedures.

You need to call the Court admin. to find out the process/rules in your jurisdiction.

Isn't there a phone number (or perhaps email these days?) to contact for situations like this?
If not, look online for one.

RM
by ResearchMed
Tue Oct 16, 2018 7:38 am
Forum: Investing - Help with Personal Investments
Topic: Self directed or Checkbook IRA
Replies: 4
Views: 314

Re: Self directed or Checkbook IRA

Background: We have enough. Due to some fear of the unknown, not having direct heirs, and peace of mind that it offers we have considered annuitizing some (or a large) portion of our retirement assets. I'd posted to learn more about what others have done: https://www.bogleheads.org/forum/viewtopic....
by ResearchMed
Mon Oct 15, 2018 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 85
Views: 3663

Re: Long-term Care Insurance

Obviously, we'll need to look more at our state's particular Medicaid/etc., laws, but this is much better than I had assumed. (Um, obviously, we haven't really started looking at this particular wrinkle yet.) And then there is the complication of what if the two are already in a long-term care faci...
by ResearchMed
Mon Oct 15, 2018 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 85
Views: 3663

Re: Long-term Care Insurance

Do you guys realize that the "return" on a medicaid compliant annuity is usually negative? How does a Medicaid Compliant annuity differ from a "regular" SPIA? RM Very little. Basically, it must be "actuarially sound," meaning that the annuity payout must be based on the 'healthy' spouse's life expe...