Search found 15163 matches

by ResearchMed
Fri Mar 31, 2023 6:34 am
Forum: Personal Finance (Not Investing)
Topic: How honest/diligent are you about adjusting wash sales on tax returns?
Replies: 19
Views: 960

Re: How honest/diligent are you about adjusting wash sales on tax returns?

TomatoTomahto wrote: Fri Mar 31, 2023 6:15 am OP, it’s just a little bit of extra work to not automatically reinvest dividends, plus it gives me the opportunity to figure out where I want to invest the “next” dollar. I don’t very often sell anything so it’s not a matter of avoiding wash sales as much as it is being intentional with dividends and maintaining a balance between US and international equities.

And what was once an advantage of "automatic reinvestment" is much less so nowadays: Most of the transaction fees have been eliminated, for both equities and ETFs and even many mutual funds. So manually moving the dividends back into the original holding, on your preferred time schedule, often won't incur any costs.

RM
by ResearchMed
Fri Mar 31, 2023 6:26 am
Forum: Personal Investments
Topic: TIAA (liquid) annuity question
Replies: 31
Views: 1951

Re: TIAA (liquid) annuity question

So I am a month in to my exchange and did not consider the fact that my paycheck contributions are still going to my TIAA product within my fidelity 403b, even while the larger amount of cash that was exchanged sits in a fidelity money market fund. So now I have two new contributions in March of a few hundred dollars. Will this screw up my 120 day exchange plan? Are these new contributions getting the lower blended interest rate since they bought TIAA within 120 days? I don’t understand how TIAA would recognize these as new contributions vs an early re-exchange back into TIAA from the money market. Same question can be asked about any protated interest that is paid back into the TIAA account after an exchange. I worry that I need to exchan...
by ResearchMed
Fri Mar 31, 2023 4:39 am
Forum: Personal Finance (Not Investing)
Topic: How honest/diligent are you about adjusting wash sales on tax returns?
Replies: 19
Views: 960

Re: How honest/diligent are you about adjusting wash sales on tax returns?

Here's an example of how easily one might create a wash sale without meaning to. Brokerage 1: 1 lot of VTI bought 40 days ago Brokerage 2: 1 lot of VTI bought 5 years ago. Auto-invest dividends. Market dips. VTI in Brokerage 1 now at a loss. Swap all Brokerage 1 VTI for SCHB to tax loss harvest. Don't touch Brokerage 2. You've now created a tiny wash sale because you didn't sell the recently purchased shares in Brokerage 2 via dividend reinvestment. 1099s don't adjust because they are in different brokerages. You now need to adjust manually on your tax form. This is why automatic dividend reinvestment isn't recommended for any holding that even might be involved in TLH. This issue has been discussed quite a bit here on BH. And this does no...
by ResearchMed
Thu Mar 30, 2023 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Pending Charge - How Long to Expire?
Replies: 9
Views: 944

Re: Pending Charge - How Long to Expire?

So now I have $14,000 in pending charges, impacting available credit. What type of card is this? Visa? Amex? or? Whenever we've had something like this, the card issuer was quickly able to remove the amount from what is currently due, letting us know that IF it turned out we were liable for the charge, they'd put it back on. But that way, no interest would accrue, and no "credit limit" would have been affected. Amex is especially good with such "issues". RM Thanks. It doesn’t show up as due since it is still pending and not posted. Hence no interest is incurred nor is there any payment due for the pending charge. It only affects credit limit because the credit card company is holding the funds in anticipation of the mer...
by ResearchMed
Thu Mar 30, 2023 7:19 pm
Forum: Personal Consumer Issues
Topic: Need help buying a new duvet
Replies: 11
Views: 901

Re: Need help buying a new duvet

I'm not constrained by budget. Not constrained by budget? :wink: Go for the best, eiderdown: https://www.frette.com/en_US/eiderdown-duvet-filler.html?dwvar_eiderdown-duvet-filler_color=White&dwvar_eiderdown-duvet-filler_size=Queen&quantity=1 Their queen size seems to be 91 x 91, so it should fit just fine! Nope, I've never experienced eiderdown, although we do have down duvets and pillows. We have a nice thick, fluffy goose down duvet (definitely not eiderdown!), and keep the room on the cool side. It's like being in a cocoon. If you get down, look for a duvet with baffles. If the divisions are sewn through, that's where heat gets lost, as there are just two layers of the thin cover material there. Goose down with a high "fill...
by ResearchMed
Thu Mar 30, 2023 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: House with Sewage Pump
Replies: 14
Views: 905

Re: House with Sewage Pump

They taped up ALL of the toilets?
How many toilets were there? (Taping 2 of 2 is already too many!)
How many people in the house had, er, difficult events, *just* before the showing!?? :shock:

No way, zippo.

Not only is that more than a hint (and more than a "red flag"!), but it appears they are misleading, and that is a very serious no-no!
But you aren't going to want to need to deal with that problem after purchasing, so... run (no pun intended, ahem)!

RM
by ResearchMed
Thu Mar 30, 2023 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Pending Charge - How Long to Expire?
Replies: 9
Views: 944

Re: Pending Charge - How Long to Expire?

So now I have $14,000 in pending charges, impacting available credit. What type of card is this? Visa? Amex? or? Whenever we've had something like this, the card issuer was quickly able to remove the amount from what is currently due, letting us know that IF it turned out we were liable for the charge, they'd put it back on. But that way, no interest would accrue, and no "credit limit" would have been affected. Amex is especially good with such "issues". RM Thanks. It doesn’t show up as due since it is still pending and not posted. Hence no interest is incurred nor is there any payment due for the pending charge. It only affects credit limit because the credit card company is holding the funds in anticipation of the mer...
by ResearchMed
Thu Mar 30, 2023 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: How do Re-Married Couples with Children Handle Legacy to Spouses/Kids?
Replies: 16
Views: 1502

Re: How do Re-Married Couples with Children Handle Legacy to Spouses/Kids?

Based on having friends with a parent who remarried and passed first, it seems like issues arose between the kids of the first marriage and the second wife/husband (who had a reasonably good relationship) when: - the parent left the house to the kids with a life estate to the wife/husband. - the parent did not clearly identify who personal possessions should pass to. - the husband/wife was suspected of changing online beneficiaries on accounts belonging to the unaware parent because the parent shared passwords with the husband/wife or made them an authorized agent/POA. So in your planning, try to avoid these issues. Another concern that I sometimes hear: No matter how well your spouse and *your* children get along, what happens if you pass...
by ResearchMed
Thu Mar 30, 2023 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Pending Charge - How Long to Expire?
Replies: 9
Views: 944

Re: Pending Charge - How Long to Expire?

diy60 wrote: Thu Mar 30, 2023 3:42 pm So now I have $14,000 in pending charges, impacting available credit.

What type of card is this? Visa? Amex? or?

Whenever we've had something like this, the card issuer was quickly able to remove the amount from what is currently due, letting us know that IF it turned out we were liable for the charge, they'd put it back on.

But that way, no interest would accrue, and no "credit limit" would have been affected.
Amex is especially good with such "issues".

RM
by ResearchMed
Thu Mar 30, 2023 2:17 pm
Forum: Investing - Theory, News & General
Topic: Are captial gains distributions incorporated into performance graphs and calculations?
Replies: 6
Views: 584

Re: Are captial gains distributions incorporated into performance graphs and calculations?

protagonist wrote: Thu Mar 30, 2023 12:49 pm When you look at performance graphs like the one on this page, https://www.google.com/finance/quote/FF ... &window=1Y
do they typically only take into account the value per share?
Or do they compensate for the decline in NAV whenever capital gains are distributed (typically at the end of the year)?

That graph is labeled in dollars. It's showing the change in share price, and that can be misleading in terms of total "wealth" or growth.

As mentioned, you want a graph labeled "Total Return"; it will usually be shown with percentages, and includes dividends and capital gains.

RM
by ResearchMed
Thu Mar 30, 2023 2:04 pm
Forum: Personal Consumer Issues
Topic: Need help buying a new duvet
Replies: 11
Views: 901

Re: Need help buying a new duvet

I'm not constrained by budget. Not constrained by budget? :wink: Go for the best, eiderdown: https://www.frette.com/en_US/eiderdown-duvet-filler.html?dwvar_eiderdown-duvet-filler_color=White&dwvar_eiderdown-duvet-filler_size=Queen&quantity=1 Their queen size seems to be 91 x 91, so it should fit just fine! Nope, I've never experienced eiderdown, although we do have down duvets and pillows. We have a nice thick, fluffy goose down duvet (definitely not eiderdown!), and keep the room on the cool side. It's like being in a cocoon. If you get down, look for a duvet with baffles. If the divisions are sewn through, that's where heat gets lost, as there are just two layers of the thin cover material there. Goose down with a high "fill...
by ResearchMed
Wed Mar 29, 2023 6:57 pm
Forum: Personal Investments
Topic: How much do you keep in true cash vs cash equivalents?
Replies: 59
Views: 4214

Re: How much do you keep in true cash vs cash equivalents?

I agree that moving cash to your Vanguard settlement is a no brainer for a house down payment fund. I think so too. Is there a reasonable rule of thumb minimum amount of cash to keep in my checking? I will move the rest over. I was thinking of leaving like 25K in the checking account and the rest to MMF. But to be honest, my monthly expenses right now are around 3-5k a month, so even that's being conservative. What do you mean by "cash", and this is a serious question, given your question of "true cash" vs. "cash equivalents"? Do you mean physical currency, in the USA, a pile of dollar bills of various denominations? Or a statement of equivalent in that checking account? And if the checking account is "ok...
by ResearchMed
Wed Mar 29, 2023 6:12 pm
Forum: Personal Investments
Topic: Annuitization Conundrum – are we cheating ourselves?
Replies: 12
Views: 1863

Re: Annuitization Conundrum – are we cheating ourselves?

You might want to check if your plan allows you to annuitize just part of the total in Trad Ann. Ours does; I only found out recently here (on BH) that apparently not all plans allow that. However, if yours does, you could annuitize some, and leave the rest, perhaps for heirs if not needed for expenses. Or, you could annuitize some, and then, as your own little "inflation adjustment", add another smaller life annuity to bump up each payment a bit. And perhaps do that again in several years, if that seems to make sense at the time. That is, create sort of a ladder of much smaller life annuities every few years after the main life annuity has been started. Or you could just remove some "extra money" each month from the non...
by ResearchMed
Wed Mar 29, 2023 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Getting Married
Replies: 50
Views: 4470

Re: Getting Married

homebuyer6426 wrote: Wed Mar 29, 2023 7:41 am In addition, I put her as an authorized user on my credit cards.

Our situation is a little less common (foreign spouse) so won't be as broadly applicable.

I don't know how much her "foreign spouse" status matters, or for how long (e.g., if she becomes a US citizen, etc.).

However please seriously consider helping her get started with her *own* charge cards.
If something unfortunate happens to you, she will not be able to use the "authorized user" cards, and she may have little credit history to open her own.

RM
by ResearchMed
Wed Mar 29, 2023 9:14 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 6329
Views: 1194609

Re: What's Your Credit Card Rewards Strategy?

Is there a web tool where one can input annual spending behavior (restaurants, travel, groceries, etc) and get recommends for cards based on preference for cash back, mileage, etc? I am not interested in more than one card - too complicated for me to carry a huge stack of cards and figure out which one to use at every transaction. I'd suggest that you keep at least one freebie card (different network, e.g., Visa if main card is Mastercard) on hand in case main card is compromised or the network is down (rare, but "just in case"). ... and *especially* if you are traveling, and "especially especially" if you are doing foreign travel. We are active users of charge cards and awards travel, and we "play the bonus game&q...
by ResearchMed
Tue Mar 28, 2023 9:29 am
Forum: Personal Consumer Issues
Topic: Northern Lights are on fire 3/28/23
Replies: 4
Views: 866

Re: Northern Lights are on fire 3/28/23

Hubris wrote: Tue Mar 28, 2023 9:16 am We had good looks at them last week…

Image

Image

Wow, lovely!!

Question: How vivid were the colors to your naked eye, vs. how they appear in a photo?
Thanks.

RM
by ResearchMed
Tue Mar 28, 2023 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Pros and Cons of intentionally underinsuring home?
Replies: 31
Views: 2081

Re: Pros and Cons of intentionally underinsuring home?

If you have no plans to rebuild in the event of total loss, and there is substantially more value in the lot (land) than in the home structure, would it make sense to underinsure the dwelling coverage to reduce premiums? Especially given the relatively low likelihood of a total loss? Thoughts? Thanks. I think you need to understand home insurance a bit better. For one thing, yes, of course the land may have a lot of value, but whether it's "substantially more" (or "more" at all) than the home structure isn't relevant in terms of insurance cost. The "rebuild cost" is *not* going to include "rebuilding the land", so that is not some sort of coverage costing you "more" or "substantially m...
by ResearchMed
Mon Mar 27, 2023 1:35 pm
Forum: Personal Consumer Issues
Topic: Better to use home owners insurance or not?
Replies: 12
Views: 830

Re: Better to use home owners insurance or not?

She should raise her deductible high enough that this isn’t a question. If she’s willing to pay $3k OOP she should have at least a $3k deductible. Otherwise she’s paying for unwanted coverage. Whatever deductible level is selected, this problem still exists. If someone has $10k deductible, then... what does one do with an $11k claim? Bother with a "claim" that might affect rates/etc., or just eat the "extra $1k". A $13k claim? It's always going to be a "how many hairs make a beard" issue, but sometimes the decision is very easy, such as a $60k claim with a $5k deductible. I suspect most would decide to file a claim then. But until what point would one *not* file a claim with a $5k deductible? $6k? $7k? $10k? $...
by ResearchMed
Sun Mar 26, 2023 10:28 pm
Forum: Personal Consumer Issues
Topic: Favorite forum
Replies: 44
Views: 3287

Re: Favorite forum

Hebell wrote: Sun Mar 26, 2023 9:37 pm This forum is the best.

We haven't found a better one.
This has enough "other" topics in the "consumer" section that it is really all purpose, IF one had to choose.

And another thanks to the Mods/Owner/Powers-that-be!
You keep it civil, and thus useful.
Thank you.

RM
by ResearchMed
Sun Mar 26, 2023 10:24 pm
Forum: Personal Consumer Issues
Topic: Home Security Systems - Recommendations
Replies: 29
Views: 2041

Re: Home Security Systems - Recommendations

After reading all this, I'm getting the sense that a couple of German Shepherds is the best solution. Are there really, no good, cost effective alarm systems out there that would protect one's home from an intruder ? One thing to consider, in case of an intruder (although this wouldn't work in all circumstances) is to have a duress code. That is, for example, if someone forces their way in with you when you are arriving and you need to disarm the door, or someone enters while you are home and the alarm sounds, they may "insist" that you "disarm it". With a duress code, you enter that code instead of the regular one. It appears "just fine" from your side. You disarm, the alarm stops, etc. All good, seemingly. H...
by ResearchMed
Sun Mar 26, 2023 1:26 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 1038
Views: 102736

Re: [On-going Scams - Post them here]

Recently, I received an email stating that my McAfee service had been upgraded for a fee of $299, and that the credit card on file had been charged. This is despite the fact that I don't use McAfee for anything. I don't remember all the details, but I think there was a link to click on and a phone number to call for additional information. I checked my credit card transactions to make sure none of my credit cards had actually been used for the transaction. Then I deleted the email without clicking on any links or making a call to the number provided. It was probably a phishing attempt. It looked more legit that most scam emails I've seen. I guess the scammer thought someone might be more likely to trust an email purportedly from a company ...
by ResearchMed
Sun Mar 26, 2023 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Move from MA to FL- Can I keep my Mass. Medigap supplement plan?
Replies: 5
Views: 738

Re: Move from MA to FL- Can I keep my Mass. Medigap supplement plan?

You are moving full time to Florida, and won't have a residence in both MA and FL? The good news there is I take it that you are very pleased with your purchase in FL. Enjoy! About insurance... since you already have a place in FL, have you connected with a PCP yet? or any provider? If so, can you ask them IF they would accept <your plan> if you wanted to use it after becoming a Floriday resident, without being an MA resident? There are enough snowbirds and some who do retire there :happy that they may have some experience with this situation. Of the billing office at a large clinic you'll likely use? I'd still check on whatever they say, but that's a start. And do you know that you will indeed be allowed to keep that MA plan without an MA ...
by ResearchMed
Sun Mar 26, 2023 11:10 am
Forum: Personal Investments
Topic: How to untangle TIAA taxable account + ACA considerations
Replies: 11
Views: 747

Re: How to untangle TIAA taxable account + ACA considerations

There seems to be no doubt that the account is taxable, although I've never met someone with a taxable TIAA account. Did they work at the company? We've got a taxable brokerage account at TIAA. We opened that a bit more than a year ago, when we first had access to some of the 403b money. Most of the withdrawals go to the Roth, but RMDs can't go there, so... the new taxable brokerage. Then, from either of those accounts, we can move money to our regular checking account/etc., elsewhere, the one we've had for <mumble> years. :wink: Or is what you are describing something different than just "a regular brokerage account", one not in 403b/TIRA/Roth/etc.? RM This was a TIAA UTMA account, regular brokerage account. Yes, thanks. I was r...
by ResearchMed
Sun Mar 26, 2023 10:24 am
Forum: Personal Consumer Issues
Topic: Favorite forum
Replies: 44
Views: 3287

Re: Favorite forum

smitcat wrote: Sun Mar 26, 2023 9:22 am boating forums
car/automotive forums
travel forums
theme park forums
Facebook groups for volunteering, charities,

Any particularly useful/interesting travel forums?
Thanks!

RM
by ResearchMed
Sun Mar 26, 2023 8:21 am
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 1038
Views: 102736

Re: Hackers are stealing Gmail messages — delete this extension right now

sport wrote: Sun Mar 26, 2023 8:10 am
enad wrote: Sun Mar 26, 2023 8:03 am Hackers are stealing Gmail messages — delete this extension right now

Any chrome/chromium browser including Microsoft Edge can be affected
I don't want to click on that link. What is the extension?

Thanks for asking! My reaction was the same, although hovering seemed okay (but it's not always...)

RM
by ResearchMed
Sun Mar 26, 2023 8:19 am
Forum: Personal Consumer Issues
Topic: Favorite forum
Replies: 44
Views: 3287

Re: Favorite forum

www.CruiseCritic.com has been incredibly helpful. When I first joined almost 10 years ago, there was some snark/outright unpleasant posters problem. Something changed at some point, and there was more moderation, at least about the ad hominem type nonsense. It's quite good now, with a few of the expected "characters". They can be blocked if one can't bear to encounter them at all. There are lots of topics/threads that are not cruise specific, but all/almost all are travel related: travel insurance, ports of call (city information), etc. And there's www.FlyerTalk.com I find this one more difficult to navigate; perhaps I just haven't used it enough. It can be more snarky, especially to newbies, a problem that is exacerbated by the n...
by ResearchMed
Sun Mar 26, 2023 6:39 am
Forum: Personal Investments
Topic: Convert 401k to IRA
Replies: 37
Views: 3112

Re: Convert 401k to IRA

I can’t buy primecap. It closed to buyer . Should we buy VOO / VtI. Instead. Thanks I'm not sure if you mean the Vanguard "primecap" or one of the PRIMECAP funds, which may be similar but not identical. IF the latter, you can buy one of their closed funds (not sure if they are currently closed, but they have been) in a new account *IF* you already hold it. Note: This is if the fund is closed to *new* buyers. So if you are even considering that, then open a new account, have PRIMECAP authorize a purchase, at least a small one, and *then* you can sell the fund in your 401k. When we went through this several years ago, I first phoned PRIMECAP to verify this was possible and got the name of the person who said yes, etc. Then we purch...
by ResearchMed
Sat Mar 25, 2023 9:09 pm
Forum: Personal Consumer Issues
Topic: What have you baked recently?
Replies: 471
Views: 56489

Re: What have you baked recently?

LadyGeek wrote: Sat Mar 25, 2023 8:55 pm I got a loaf that's about half the height it should be.

Are you sure it isn't twice the height someone else thinks it needs to be?

:D


RM
by ResearchMed
Sat Mar 25, 2023 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Worth joining credit union just for car loan?
Replies: 22
Views: 1759

Re: Worth joining credit union just for car loan?

If the credit union has the best terms for the loan, is there a downside to joining?
Other than what is probably a relatively small fee or annual fee?

RM
by ResearchMed
Sat Mar 25, 2023 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Family and Money
Replies: 19
Views: 1770

Re: Family and Money

We are in a family situation where my wife's parents (88 and 85 years old, probably live another 5 - 6 years) are needing a place to live. There are two options both options include roughly about $100k of home improvements to one of the two siblings houses to provide for comfortable living arraignments. They have just over $400k in a 401k and collect SS and a very small pension to live off of. The question is, the sibling that is getting the home improvement, should that be considered part of their inheritance (if there is anything left) or is that just considered part of the parents living expenses as if they would be going into a assisted living because the sibling would be taking care of them as well? Also should they be charged for foo...
by ResearchMed
Sat Mar 25, 2023 1:58 pm
Forum: Personal Consumer Issues
Topic: How can I reach someone in VRBO's Austin Office?
Replies: 16
Views: 1522

Re: How can I reach someone in VRBO's Austin Office?

I have listed a vacation rental on VRBO since 2014. Those were the days of great customer service out of the Austin office. Since the acquisition by Expedia, customer service has been outsourced and is often frustrating. I have two issues that I cannot resolve through calling the Premiere Partner line, and I really need to talk to someone a notch higher up, and would like to talk with someone in the Austin office. I found this number for the Austin headquarters, 512-6845-1100, but the customer service option just sends you to the wretched outsourced customer service. To access the company directory you need a staff name. After waiting for the "corporate receptionist," I get disconnected. I have 109 five-star reviews and have gene...
by ResearchMed
Sat Mar 25, 2023 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: First Credit Card for Non-student
Replies: 13
Views: 912

Re: First Credit Card for Non-student

We had our son (20+, non-student), after reading recommendations on this board a while back, apply for a Discover It card as his first credit card. He applied and was denied. The reason---he didn't have any credit. We had him try again recently with the Visa Petal card, and he was approved. It's not secured, there is no deposit, and the credit limit was a very reasonable amount, around $1k-$2k, perfect for him in starting to build credit. Not that *you* will have another chance at this "first card", but for others, it might be useful to first get the other person set us as an authorized user on a card (or maybe even two) and use them, and then let them generate a credit history. Then the first "own card" should be much ...
by ResearchMed
Sat Mar 25, 2023 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America warning - re Money Market
Replies: 19
Views: 2301

Re: Bank of America warning - re Money Market

Which Vanguard MM funds do not have gates/delays?

Treasury?
or?

What about Schwab, Fidelity, TIAA?

Thanks.

RM
by ResearchMed
Thu Mar 23, 2023 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Consequences of Changing Names of Rental Property Ownership?
Replies: 12
Views: 721

Re: Consequences of Changing Names of Rental Property Ownership?

exodusNH wrote: Thu Mar 23, 2023 12:53 pm I think you're setting yourselves up for a lot hassle for no upside now.

I suspect it's the *brother* who is anticipating some upside, now or eventually, although it's not yet obvious just what his scheme is...

To go to the trouble of setting up something in such an unusual way, such that regular legal protections may not apply (ditto taxes or such?), there must be *some* reason.

OP may not be aware of Brother's "situation".

OP; By the way, if it's something like Brother expecting to get sued (or something similar), this could be viewed as a fraudulent transfer, and thus clawed back, plus perhaps more.
Without knowing Brother's real reasons...??

RM
by ResearchMed
Thu Mar 23, 2023 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Owner Finance Offer - Too Good To Be True?
Replies: 47
Views: 4070

Re: Owner Finance Offer - Too Good To Be True?

I don't know what real estate agents charge in the OP's area, but they charge 6% in my area (maybe less for land?). On a $1.2MM sale that's a $72K expense that would be avoided by selling to the friend. $72K is equal to an extra 2% of interest over 10yrs paid upfront. $600K financed 4% rate = $6074.71/mo = $728,964.99 over 10yrs 6% rate = $6661.23/mo = $799,347.61 over 10yrs = $70,382.62 difference If you looked at future value vs present value, assuming 3% inflation its more like a 6.4% note. I'm not a finance guy, so my math may be off. Whether a real estate agent is used can be separate from who property is sold to, and for how much. One would want to use a real estate attorney to make sure all the docs are in order. And IF an agent wer...
by ResearchMed
Thu Mar 23, 2023 12:17 pm
Forum: Personal Consumer Issues
Topic: Where to buy Gold Necklace online?
Replies: 10
Views: 1204

Re: Where to buy Gold Necklace online?

I live in a smaller town that has some local jewelry stores which often means limited inventory options and a decent markup. Are there any trusted online jewelry stores that typically offer better prices than can be found in person? The specific item I’m searching for is a woman’s gold chain necklace. Any advice would be a big help. Whichever online vendor you use, please double check that you could return the item for a full refund (preferably not just a credit). It can be *very* difficult to judge the "in person" appearance of jewelry (other items, too, of course), including the actual size. Showing a photo of someone wearing a necklace may not be at all like what it would look like on someone else's neck. I'd second Costco and...
by ResearchMed
Wed Mar 22, 2023 10:08 pm
Forum: Personal Consumer Issues
Topic: Personal Security / Driver
Replies: 35
Views: 3578

Re: Personal Security / Driver

You asked about drivers last year: https://www.bogleheads.org/forum/viewtopic.php?p=6964800&hilit=Driver#p6964800 If a driver is more important than the personal security aspect, you might check into The Village Movement. Membership in my my local chapter includes up to 10 round trip rides per month from a volunteer. From that other thread linked by SuzBanyan: https://www.bogleheads.org/forum/viewtopic.php?p=6964800&hilit=Driver#p6964800 My wife and I had drivers who we separately have used when we traveled to two cities. Nice to have a trusted resource. Recently started using Carey Car Service, which came highly recommended. Expensive, but vetted. DH had started doing a lot of business travel, and lots of runs to/from the airport,...
by ResearchMed
Wed Mar 22, 2023 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Hiring Personal Care Attendant for Elderly Parent - Medicaid Spendown
Replies: 8
Views: 994

Re: Hiring Personal Care Attendant for Elderly Parent - Medicaid Spendown

Who is making the determination about need? If it's within a Medicaid lookback (sounds possible), then it would be cleaner, probably, if a physician or such recommended a need for a certain level of care. RM I guess this is question I am asking. You've got a few different issues, which is what is causing confusion/difficulty. In terms of "private care/nursing/etc.", basically, there are agencies that will provide different levels of care, and caregivers with different skill levels. If that is the only concern, paying privately for the care, then you'd just arrange with the agency for whatever you need/want. (I'll assume there aren't any caregiver shortages in your area.) You would arrange the level of care and the amount of time,...
by ResearchMed
Wed Mar 22, 2023 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Consequences of Changing Names of Rental Property Ownership?
Replies: 12
Views: 721

Re: Consequences of Changing Names of Rental Property Ownership?

Good point. It's something I will definitely discuss with him. What about issues in terms of taxes/income? For example, we currently own 4 properties together. Let's say, within the next year or so, we sell them all and use that money to purchase 4-7 properties in Pennsylvania. Except now, they're all under my name. My brother's name suddenly disappears. Would this incur a 'gift tax' to my brother and a potential income tax to me (even though all the proceeds of the sale was rolled over to new property using the 1031 exchange law)? Also, what about if we someday want to sell and I distribute his half of the money to him? Won't there be the same issues? joer1212, Your questions are all very appropriate, so you are on the right track about s...
by ResearchMed
Wed Mar 22, 2023 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Consequences of Changing Names of Rental Property Ownership?
Replies: 12
Views: 721

Re: Consequences of Changing Names of Rental Property Ownership?

Is your brother giving you his share of the property, or does he just not want to be listed on the title? If he is not listed on the title, how can he prove that he has an ownership interest in the property? He will own half the properties, as before. He just doesn't want to be listed on the titles. How is "ownership" documented? And how are you handline income, expenses, taxes/profit/loss whenever you sell? Would you have 100% liability if someone sued? Why would someone sue anyone but you? I don't understand "...just not want to be listed on the title..." There are *reasons* for titles! I suspect there are a variety of things people would like to 'have' but not 'be listed as"... :shock: RM On paper, I'd be the so...
by ResearchMed
Wed Mar 22, 2023 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: FDIC $250k Coverage using multiple banks
Replies: 10
Views: 1192

Re: FDIC $250k Coverage using multiple banks

TheTimeLord wrote: Wed Mar 22, 2023 5:43 pm Is this what you are thinking of?
https://americandeposits.com/what-is-cdars/

I was just looking into this, and also found:

https://americandeposits.com/what-is-cdars/

Is what they say about restrictions on CDARS deposits accurate, or are they just looking to get the business for their own network?

"Are there effective alternatives to CDARS?
Yes. And one particular alternative stands out from the others.

Marketplace Banking™ by the American Deposit Management Company [ADM] provides all the benefits of investing in CDARS without the liquidity and term restrictions
."

RM
by ResearchMed
Wed Mar 22, 2023 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Hiring Personal Care Attendant for Elderly Parent - Medicaid Spendown
Replies: 8
Views: 994

Re: Hiring Personal Care Attendant for Elderly Parent - Medicaid Spendown

I'm very new to this. My father needs a home health aid/personal care attendant as I am no longer able to provide the hours needed. My father has appr 150K in savings with $3,100.00 monthly income and pays rent. I am speaking with a home health aid agency two weeks from now. If the agency determines my father only needs "x" amount of hours per week can I request more and still qualify for Medicaid when his money his spent down? I ask because I am already doing too much and if I continue I will get burnt out. Thanks If you are providing care and want the agency to take over those hours in addition to other hours, why would they that fewer hours are needed? Who is making the determination about need? If it's within a Medicaid lookb...
by ResearchMed
Wed Mar 22, 2023 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Consequences of Changing Names of Rental Property Ownership?
Replies: 12
Views: 721

Re: Consequences of Changing Names of Rental Property Ownership?

joer1212 wrote: Wed Mar 22, 2023 5:26 pm
cadreamer2015 wrote: Wed Mar 22, 2023 4:42 pm Is your brother giving you his share of the property, or does he just not want to be listed on the title? If he is not listed on the title, how can he prove that he has an ownership interest in the property?
He will own half the properties, as before. He just doesn't want to be listed on the titles.

How is "ownership" documented?

And how are you handline income, expenses, taxes/profit/loss whenever you sell?

Would you have 100% liability if someone sued? Why would someone sue anyone but you?

I don't understand "...just not want to be listed on the title..."
There are *reasons* for titles!
I suspect there are a variety of things people would like to 'have' but not 'be listed as"... :shock:

RM
by ResearchMed
Wed Mar 22, 2023 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Solo Ager: who would you trust with your financial POA?
Replies: 96
Views: 7916

Re: Solo Ager: who would you trust with your financial POA?

Another reason to "move in early" is, as it is said, it's better to make the decision to move in 5 or 10 years too early, than 5 minutes too late.

If one has a debilitating illness, one might no longer be accepted at a CCRC.
Being charged more, if it ever works that way (?) is one thing; being turned away... quite another!

RM
by ResearchMed
Wed Mar 22, 2023 12:27 pm
Forum: Personal Investments
Topic: Purchasing rental equipment in a self directed IRA or Roth IRA
Replies: 2
Views: 280

Re: Purchasing rental equipment in a self directed IRA or Roth IRA

Is it possible to purchase rental photo equipment in a self directed Ira and keep the profits inside the Ira? I am also hired by clients but paid 1099 for equipment and w2 for labor. YOU cannot benefit from the use of the TIRA self-directed money, such as with purchased items. "Your IRA" can benefit, as with the profits going back in. Yes, that can sound funny. But my understanding is that with the hands' off requirements, someone else would need to be doing the work with anything that used self-directed TIRA money. It gets really tricky very quickly. Read the appropriate regulations yourself, to get a sense of this. IF you get it wrong, my understanding, from several years ago at least, is that the entire TIRA loses its tax-defe...
by ResearchMed
Wed Mar 22, 2023 12:21 pm
Forum: Personal Investments
Topic: Alternative to VUSXX
Replies: 31
Views: 5523

Re: Alternative to VUSXX

Too bad this is a zombie thread because the Feb 2023 answer to the OP's question is easy, TTTXX. Really? with a $3M minimum investment required in TTTXX? Not at Merrill Edge, you only need $1k to buy. Trust me I don't have $3M to make that minimum! Some brokerage firms have lower minimums for their own fund, and sometimes also for certain other fund families (I'm thinking here, for example, of some PIMCO funds at Vanguard). And at least in many cases, once one has that holding, it can be transferred elsewhere, and more can usually be purchased, too. So IF one has one of those funds from a special lower minimum, and you are changing brokerages (or an Employer plan is moving and thus forcing a change of brokerages, you might want to consider...
by ResearchMed
Wed Mar 22, 2023 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Solo Ager: who would you trust with your financial POA?
Replies: 96
Views: 7916

Re: Solo Ager: who would you trust with your financial POA?

Yes, these threads offer a lot of reasonable concerns, but clear solutions not so much. In my local news over the last year or so, there have been at least two incidents that have given me pause - a local estate/elder law attorney (I think that's the correct occupation) who embezzled millions from several of his clients; a bill-paying service that embezzled, also. Very discouraging. Several years ago there was the article about "guardianship" that took over an unsuspecting senior citizen's life and finances and drained their accounts with various charges. The one I'm thinking of was in Nevada (and I believe they were convicted), but it was eye opening to read. ETA: link https://www.bogleheads.org/forum/viewtopic.php?t=228930&...
by ResearchMed
Wed Mar 22, 2023 10:11 am
Forum: Investing - Theory, News & General
Topic: Morningstar TIAA discussion group?
Replies: 16
Views: 1529

Re: Morningstar TIAA discussion group?

This is weird. Went to M* TIAA group: blank. Signed in on that page: still blank. Went to the M* Vanguard group: also blank. But the sidebar there listed some other groups, including TIAA - clicked on that and voila all the posts appeared! M* discussion groups appear to be FUBAR. I've had erratic "responses" from trying to access the M* TIAA section. I tried one or two other sections a day or two ago, and "got in". Another time, not. Sometimes I need to try to login a second time, and then it all shows. Other times, just once. And yet other times, no need to log in. And yet other, other times, I just can't get anything to display. So I give up for that attempt, and try again later/much later. It's obviously a function o...
by ResearchMed
Wed Mar 22, 2023 9:27 am
Forum: Investing - Theory, News & General
Topic: question about TIPS/Treasuries in traditional IRA and RMDs
Replies: 10
Views: 639

Re: question about TIPS/Treasuries in traditional IRA and RMDs

I've not done it but I've seen other Bogleheads mention their RMD of mutual funds was done in-kind from IRA to taxable account. Pretty sure it was at Vanguard. I don't imagine some brokerages allow for this, and some don't. I wonder what size of bond can be transferred, e.g. only in $1,000 increments? Assuming you can do it, one question is: what's the basis and holding period of the TIPS bonds that were transferred? Do they retain the original characteristics of when you bought them? We have transferred "in kind" from TIRA to taxable. We can either withhold taxes from that transfer or pay the taxes separately. Whether it's an/the "RMD" isn't necessarily relevant to the transfer process. That depends upon the situation ...
by ResearchMed
Wed Mar 22, 2023 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Solo Ager: who would you trust with your financial POA?
Replies: 96
Views: 7916

Re: Solo Ager: who would you trust with your financial POA?

We moved to a CCRC a little over 3 years ago at 67 and 66. Wow - that seems pretty early to do that, although I understand the motivation. Are there many there of a similar age? I always thought most people who move into these places are well into their 70s. Don't know about nonnie's CCRC, but some of them have *very* nice "Independent Living" facilities. These can be completely separate from the Assisted Living or Skilled Nursing sections. One near us has two "connected" sections, one in the same building, but very nicely separated, from the main facility (including the sections with more care, plus pool, gym, salon, deli, sundries shop, auditorium, etc.) and one larger section in a separate wing that feels more separa...