Search found 236 matches

by WillRetire
Sat May 09, 2020 12:52 pm
Forum: Personal Investments
Topic: College age kid wrecked his car...
Replies: 113
Views: 6039

Re: College age kid wrecked his car...

Congratulations on a great job saving for retirement. As there seems to be a major world crisis every 10 years or so, try not to tap into that savings (IRAs, taxable, emergency/MM fund). Your son's loss of his car does not constitute an emergency. Giving him $1-2K is OK. $8-10K seems like too much u...
by WillRetire
Mon May 04, 2020 10:01 am
Forum: Personal Investments
Topic: Do you count the G fund as bonds or cash?
Replies: 19
Views: 1145

Re: Do you count the G fund as bonds or cash?

It is in the category of "riskless", meaning it does not *decline in value. Tracking assets that are riskless as a % of one's portfolio is something David Swensen advises/advised for individual investors. (*)Sure, during an apocalypse anything can decline in value. Barring an apocalypse or govt over...
by WillRetire
Sat May 02, 2020 12:17 pm
Forum: Personal Consumer Issues
Topic: Neighbor’s contractor wants to access our property
Replies: 158
Views: 16218

Re: Neighbor’s contractor wants to access our property

There may be easements that allow one neighbor to enter another's property in order to access or maintain his property. For example, to paint the other side of a fence, the fence owner needs to enter the neighbor's yard, and often permission to do just that is not needed. But that is very different ...
by WillRetire
Sat Apr 25, 2020 11:00 am
Forum: Personal Investments
Topic: US citizen living in EU [semi-retirement portfolio advice]
Replies: 5
Views: 361

Re: US citizen living in EU [semi-retirement portfolio advice]

To clarify your question, are you asking where/how to invest on the bet that the euro strengthens against the USD? I.e. reverses its declining course? (See chart below; click on 10Y or other timeframe.)

https://www.wsj.com/market-data/quotes/ ... t_advanced
by WillRetire
Fri Apr 24, 2020 9:27 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24302

Re: IRS Get My Payment up and running

... I don't have a scheduled date for deposit when I check the "Get My Payment" tool either. The status hasn't changed since I first entered my bank info in the "Get My Payment" tool last week. Does this tool even work? Has anyone who entered their bank info for direct deposit in the "Get My Paymen...
by WillRetire
Sun Apr 19, 2020 3:09 pm
Forum: Personal Investments
Topic: I'm out [of the market]
Replies: 109
Views: 11830

Re: I'm out [of the market]

OP asked what others think of his action of selling everything on Friday. Here are the reasons I didn't: 1) Don't wish to incur a big tax bill from realized capital gains all at once. 2) Don't wish to incur IRMAA. 3) Want a long-term rate of return that is greater than money market & savings account...
by WillRetire
Sat Apr 18, 2020 9:06 pm
Forum: Investing - Theory, News & General
Topic: Munger/Buffett on riding out the storm
Replies: 76
Views: 10454

Re: Munger/Buffett on riding out the storm

Now is the time for cautious optimism. The pandemic is abating. There are news stories daily about new therapies, and eventually there will be a vaccine. So what will be different in the aftermath? Mainly, imports from China will be in less demand. Will that affect Berkshire Hathaway in some disprop...
by WillRetire
Thu Apr 16, 2020 9:00 am
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 55497

Re: How to get Toilet Paper ? seriously.

Our regular grocery store hasn't had TP in weeks, at least not when I've been in the store. Very frustrating. Tried a different store... one that opens an hour early 2 days a week just for seniors. Voila! They have TP. Not a lot, but us early birds each get a pack. Try a different store, and/or try ...
by WillRetire
Wed Apr 15, 2020 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Where Will Stimulus Check Go?
Replies: 37
Views: 2733

Re: Where Will Stimulus Check Go?

FYI, things may not be as "automatic" as expected. Our 2018 & 2019 tax returns both specified the same bank account, AND this same account is used for Social Security direct deposit. Still no stimulus payment as of today. Went to IRS link below, and it basically said yes, we are entitled to a stimul...
by WillRetire
Tue Apr 14, 2020 4:10 pm
Forum: Personal Investments
Topic: Still using total bond market?
Replies: 140
Views: 16527

Re: Still using total bond market?

Yes, still sticking with total bond in the form of FTBFX, which incidentally, is up YTD thanks in part to rebalancing at the appropriate times. For stability, part of our AA is (and has been) in riskless, i.e. cash and/or securities that cannot go down in value. So, we don't stress much when stock &...
by WillRetire
Sat Jan 18, 2020 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Realized we made a major mistake and feeling really sick.
Replies: 162
Views: 14309

Re: Realized we made a major mistake and feeling really sick.

When I finish building my time travel machine, I plan to go back in time and correct all of my financial "mistakes". And while I'm there, I'll buy stock in Walmart, Berkshire-Hathaway, Apple and Amazon... at just the right times. And I'll sell those stocks at just the right times, too Also, I'll pla...
by WillRetire
Mon Jan 06, 2020 8:07 pm
Forum: Personal Consumer Issues
Topic: Just got a rent check dated 1/1/19
Replies: 41
Views: 4097

Re: Just got a rent check dated 1/1/19

hbdad wrote:
Mon Jan 06, 2020 8:03 pm
veggivet wrote:
Mon Jan 06, 2020 7:48 pm
I think it was Chemical Bank. Plus, it wasn't his aunt, it was his grandmother, if I recall correctly.
+1
"Stop the show!!"
by WillRetire
Fri Jan 03, 2020 10:59 am
Forum: Personal Consumer Issues
Topic: CNBC Nightly Business Report cease production in Dec 2019
Replies: 123
Views: 7405

Re: After almost 30 years I need a replacement. Where is the best place to get business news on the net that you can wa

WealthTrack - a weekly 1/2 hour show. Airs on PBS stations Friday evening, repeats on the weekend. Also available to view on-demand from www.wealthtrack.com WealthTrack's target audience is individual investors. Business news is high level: major events, and economics. That show + WSJ.com and FoxBus...
by WillRetire
Wed Jan 01, 2020 6:50 am
Forum: Investing - Theory, News & General
Topic: RMD how do you use them?
Replies: 42
Views: 2917

Re: RMD how do you use them?

mule wrote:
Mon Dec 30, 2019 11:28 pm
Just wondering how most of you treat your RMD moneys? Reinvest, live on distribution amount, charity/kids or what is your plans or process now?
Why do you ask?
by WillRetire
Tue Dec 31, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: ACA "PPO plans" in North Carolina, and/or Virginia
Replies: 32
Views: 1209

Re: ACA "PPO plans" in North Carolina, and/or Virginia

If you don't qualify for ACA subsidies, you could try calling the insurers directly and ask for quotes on their PPO plans. Anthem, UnitedHealthcare, Optima Health, Aetna are a few that come to mind. Premiums will depend on age & smoking status; Premiums might also depend on preexisting chronic condi...
by WillRetire
Sat Dec 21, 2019 9:41 am
Forum: Investing - Theory, News & General
Topic: Tax Law Changes for 2020
Replies: 355
Views: 27932

Re: Tax Law Changes for 2020

There are several exceptions to the elimination of the stretch IRA. One not yet mentioned in this thread is if the non-spouse beneficiary is "not more than 10 years younger than the deceased IRA owner". Which makes the stretch IRA still valuable for most siblings. https://www.kiplinger.com/slideshow...
by WillRetire
Tue Dec 17, 2019 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance during retirement
Replies: 28
Views: 2750

Re: Health Insurance during retirement

$13K a year, give or take, for total health costs for a couple living in a MCOL area. 1 person on medicare, 1 person not. Costs include medical, dental, vision. Medical premiums make up the majority of those costs. The non-medicare plan is a slightly subsidized employer retiree plan. There are a lot...
by WillRetire
Mon Dec 16, 2019 3:08 pm
Forum: Personal Investments
Topic: CCRC Move and Cashing-out Portfolio CG – Pros vs Cons!
Replies: 31
Views: 2251

Re: CCRC Move and Cashing-out Portfolio CG – Pros vs Cons!

I can’t thank enough for excellent comments and insights, as we make slow, and hope, steady progress towards ... a dream CCRC! First of all, WillRite, consulting elder law attorney to reviewing CCRC contract and enterance fee is an excellent idea. We’re in midst of working on an estate plan and it’...
by WillRetire
Thu Dec 12, 2019 9:15 am
Forum: Personal Finance (Not Investing)
Topic: How not to feel poor...
Replies: 78
Views: 13004

Re: How not to feel poor...

The small things in life can make you feel rich. For example, in retirement, having the time to take a class. Or the financial freedom to take a fun part-time job instead of an intense full-time job. Subscribe to a newspaper. Get a dog, or take your current dog to the park. Spend time with friends. ...
by WillRetire
Tue Dec 10, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage=Leaving Medicare?
Replies: 70
Views: 3700

Re: Medicare Advantage=Leaving Medicare?

Should one try to go from an MA plan to medigap, one may pass underwriting but have to pay much higher medigap premiums because of medical history, even if in current good health. One example: prior heart surgery. Even if the surgery is in the past, was completely successful, fairly routine, with be...
by WillRetire
Tue Dec 10, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage=Leaving Medicare?
Replies: 70
Views: 3700

Re: Medicare Advantage=Leaving Medicare?

Pennywise: Your husband's aunt is mostly correct. MA plans are "medicare" but not "original medicare" and as such can charge different out of pocket costs AND can have different rules about how you have to get your services. And yes, if you join an MA plan and later decide you don't like it, it is n...
by WillRetire
Mon Dec 09, 2019 2:21 pm
Forum: Personal Investments
Topic: CCRC Move and Cashing-out Portfolio CG – Pros vs Cons!
Replies: 31
Views: 2251

Re: CCRC Move and Cashing-out Portfolio CG – Pros vs Cons!

... • We’ve seen letters supporting tax credits, 35-40% on the entrance (non-refundable portion) and monthly fees, which makes zero-refund attractive, and moreover, the actuarial-insurance premiums are, more likely than not, over-priced. So far, I heard confirmation of 100~200k, in first-year credi...
by WillRetire
Mon Dec 09, 2019 12:55 pm
Forum: Personal Investments
Topic: CCRC Move and Cashing-out Portfolio CG – Pros vs Cons!
Replies: 31
Views: 2251

Re: CCRC Move and Cashing-out Portfolio CG – Pros vs Cons!

Questions: a. Why not use this major life-event, i.e., move to CCRC, to rejig taxable accounts, since it offers a clearer picture with greater certainty of future costs, cash needs, and risk tolerance? b. If so, then does it make sense to cash out a large part of LTCG, with off-set against tax-cred...
by WillRetire
Mon Dec 09, 2019 11:46 am
Forum: Investing - Theory, News & General
Topic: So is everyone just ignoring the yield curve inversion and upcoming recession?
Replies: 56
Views: 4052

Re: So is everyone just ignoring the yield curve inversion and upcoming recession?

I'm with livesoft on this one, in fact, I ignore all predictions. Regards, So you think it will be "different this time" for some reason and its still smart to buy / hold stocks knowing this? Nobody knows. What do you mean "Nobody knows". Recession followed inverted yield curve every single time hi...
by WillRetire
Sat Dec 07, 2019 6:24 pm
Forum: Personal Investments
Topic: CCRC Move and Cashing-out Portfolio CG – Pros vs Cons!
Replies: 31
Views: 2251

Re: CCRC Move and Cashing-out Portfolio CG – Pros vs Cons!

OP: Health issues are driving this desire or need to move to a CCRC, is that correct? Being somewhat familiar with CCRCs in medium-high COL areas of Virginia, $1million+ entrance fee is quite high but if that buys you & your spouse the lifestyle of your dreams, then good for you. Beach front living ...
by WillRetire
Sat Dec 07, 2019 12:04 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 2020 outlook: The new age of uncertainty
Replies: 27
Views: 3539

Re: Vanguard 2020 outlook: The new age of uncertainty

I just about clicked the link but lost all interest before I could get around to it..... Yes!! One wonders what exactly is the point. Investor education? Keep inhouse researchers busy? For index fund investors, what is the point? To get us to change our asset allocation for next year only? Maybe th...
by WillRetire
Thu Dec 05, 2019 5:00 pm
Forum: Personal Investments
Topic: USAA wealth management services
Replies: 13
Views: 1253

Re: USAA wealth management services

I don't recommend USAA's wealth management services, though the Schwab acquisition may change things for the better. 15-20 years ago, USAA offered fee-for-service financial planning which for us was excellent. It was of limited duration (2 years I think) and was for a specific goal (in our case, ret...
by WillRetire
Fri Nov 29, 2019 12:01 pm
Forum: Personal Consumer Issues
Topic: Should The Dentist See Me On Every Visit?
Replies: 64
Views: 4007

Re: Should The Dentist See Me On Every Visit?

It definitely seems that some dentist offices are trying to reduce costs by asking patients to skip seeing the dentist. Up until a few years ago, the question as to whether to see the dentist on each visit never came up. Now, it comes up in the form of: "you're scheduled for a cleaning. do you also...
by WillRetire
Thu Nov 28, 2019 2:21 pm
Forum: Personal Consumer Issues
Topic: Should The Dentist See Me On Every Visit?
Replies: 64
Views: 4007

Re: Should The Dentist See Me On Every Visit?

It definitely seems that some dentist offices are trying to reduce costs by asking patients to skip seeing the dentist. Up until a few years ago, the question as to whether to see the dentist on each visit never came up. Now, it comes up in the form of: "you're scheduled for a cleaning. do you also ...
by WillRetire
Sun Nov 24, 2019 2:59 pm
Forum: Personal Consumer Issues
Topic: Found hidden safe, should we crack?
Replies: 303
Views: 88418

Re: Found hidden safe, should we crack?

Michael Westen would be able to open it. Or Fi.
by WillRetire
Thu Nov 21, 2019 5:04 pm
Forum: Personal Consumer Issues
Topic: Ford Expedition - possible lemon claim and what to do?
Replies: 62
Views: 4575

Re: Ford Expedition - possible lemon claim and what to do?

Day 43. Finally diagnosed as massive transmission failure (one part failed and then caused damage to lots of other parts around it). Dealer wants to put a new transmission in, Ford refuses, insists that the dealer rebuilds it. The problem is that one of the necessary parts for the rebuild is unavai...
by WillRetire
Sun Nov 17, 2019 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 134
Views: 10921

Re: More retirees have a mortgage

OK, here's a related question... I don't have a mortgage on my house; should I go out and get one? And invest the $$$? Mind you, I don't particularly want to do that, but if it's such a savvy idea, well, maybe I should. I'm 64, retired, and have enough assets to qualify for a mortgage. If you feel ...
by WillRetire
Sat Nov 16, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 134
Views: 10921

Re: More retirees have a mortgage

We view the mortgage as a cash management tool. Low rate means we use someone else's money to partially finance our house. Our reasons for keeping the mortgage: 1) the mortgage rate is very low, so selling assets to pay it off makes no economic sense right now 2) Paying it off cannot be undone very ...
by WillRetire
Fri Oct 18, 2019 3:34 pm
Forum: Personal Consumer Issues
Topic: Hiring an Interior Decorator
Replies: 25
Views: 2489

Re: Hiring an Interior Decorator

When ready to purchase a flight, a cruise, or a couch, give the agent your credit card *for that purchase*.
by WillRetire
Fri Oct 18, 2019 12:52 pm
Forum: Personal Consumer Issues
Topic: Hiring an Interior Decorator
Replies: 25
Views: 2489

Re: Hiring an Interior Decorator

This is common. Our decorator offered to bill or use our cc. Since we're talking 50+k, I gave her my cc so I could get the points. She never used the card before sending me quotes and explicitly getting my approval for every single purchase and we're talking hundreds of them. It also allowed me to ...
by WillRetire
Fri Oct 18, 2019 12:49 pm
Forum: Personal Consumer Issues
Topic: Hiring an Interior Decorator
Replies: 25
Views: 2489

Re: Hiring an Interior Decorator

It is certainly not a crime or some kind of fraud for the designer to use your credit card, but doesn't this violate the Terms and Conditions you agreed to with the bank? I imagine one way this could come back to haunt you is that the bank would not longer stand by the fraud protection provisions o...
by WillRetire
Thu Oct 17, 2019 9:56 am
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 141
Views: 11316

Re: What percent of net worth should a persons house be?

It is worthwhile to look at market value of a house as a % of net worth because it reflects your exposure to that asset class, namely local real estate. And even if your equity is low, the housing market doesn't care about that; A 10% drop is against the value, not just your equity stake. Like all a...
by WillRetire
Fri Oct 11, 2019 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Offer w/ very short decision turn around time
Replies: 12
Views: 1852

Re: Lump Sum Offer w/ very short decision turn around time

The choices are: 1. Take the lump sum & invest it. 2. Take the lump sum & purchase an annuity. Immediate or deferred. 3. Keep the pension annuity terms from your former employer Option 1 is attractive if you are comfortable that you already have enough reliable income to cover your basic expenses in...
by WillRetire
Thu Oct 10, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: Neighbor filming a TV Show
Replies: 71
Views: 4153

Re: Neighbor filming a TV Show

So the permit states they are to finish filming by 7PM, yet the production company says 10PM. There you go... Tell the production company you want the same deal they gave your neighbor: pay for family to stay in hotel + compensation. Ask for same $ as your neighbor will get but be willing to accept ...
by WillRetire
Sun Oct 06, 2019 9:06 am
Forum: Personal Finance (Not Investing)
Topic: More Nasty and Unexpected Changes With Part D Plans Next Year
Replies: 49
Views: 6333

Re: More Nasty and Unexpected Changes With Part D Plans Next Year

It is still early. While the insurers & medicare.gov claim to have the data to enable you to shop & compare plans, the data is still rough & changing. Don't take any of it very seriously until after October 15th when open enrollment begins. The method we use: 1. Compare plans on medicare.gov using d...
by WillRetire
Thu Sep 26, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Protection From Catastrophic Medical Costs When Fully Insured
Replies: 109
Views: 5369

Re: Protection From Catastrophic Medical Costs When Fully Insured

After your friend has exhausted all avenues with the insurance company AND the employer's plan administrator, if they still won't cover the life-saving procedures/treatments, try the following: - contact local news station, or major national newspaper with story. Employers and insurance companies do...
by WillRetire
Thu Sep 26, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Protection From Catastrophic Medical Costs When Fully Insured
Replies: 109
Views: 5369

Re: Protection From Catastrophic Medical Costs When Fully Insured

How to protect against this? First, your friend needs to scrutinize the claims processed. Max OOP should be enough financial protection but ONLY for "covered" procedures. So the big question is: Why does the insurance company or company plan view this life-saving procedure as not a covered procedure...
by WillRetire
Fri Sep 20, 2019 10:07 am
Forum: Personal Consumer Issues
Topic: Moisture and mold found during home inspection
Replies: 53
Views: 3307

Re: Moisture and mold found during home inspection

ETA: Withdrawing my post. I see it was addressed previously. This is a "condo", not a townhouse, in terms of ownership.
by WillRetire
Fri Sep 20, 2019 9:55 am
Forum: Personal Consumer Issues
Topic: Moisture and mold found during home inspection
Replies: 53
Views: 3307

Re: Moisture and mold found during home inspection

Deleting post. Point already addressed.
by WillRetire
Sun Sep 15, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: Who “owns” the side of my garage?
Replies: 15
Views: 2592

Re: Who “owns” the side of my garage?

Easements generally grant you legal permission to temporarily trespass on another's property for the purposes of maintaining yours. If you have an HOA, those easements may be spelled out there. If not, there may be municipal codes that grant them. It is difficult to believe that the codes would not ...
by WillRetire
Fri Sep 13, 2019 2:46 pm
Forum: Personal Consumer Issues
Topic: Need ideas for NY Upstate Getaway
Replies: 48
Views: 3525

Re: Need ideas for NY Upstate Getaway

Make sure you fully understand the New York State tax consequences of owning a vacation home in that state. https://www.wsj.com/articles/new-york-hits-out-of-stater-with-hefty-tax-bill-over-vacation-home-11567857600 That's only a problem if you work in New York (or are otherwise in New York more th...
by WillRetire
Fri Sep 13, 2019 2:37 pm
Forum: Personal Consumer Issues
Topic: What dish soap do you use?
Replies: 54
Views: 3487

Re: What dish soap do you use?

Palmolive. Your water hardness will affect sudsing levels whatever soap you use. I know a few years back there was some chemical change, but I'm very disappointed with how dish soap works nowadays. I use a small pump at home and pump 3-4 times into a sponge (half dollar sized amount) and I have to d...
by WillRetire
Wed Sep 11, 2019 12:36 pm
Forum: Personal Consumer Issues
Topic: Need ideas for NY Upstate Getaway
Replies: 48
Views: 3525

Re: Need ideas for NY Upstate Getaway

Make sure you fully understand the New York State tax consequences of owning a vacation home in that state.

https://www.wsj.com/articles/new-york-h ... 1567857600
by WillRetire
Sat Aug 24, 2019 3:08 pm
Forum: Personal Investments
Topic: Forced to market time, on the wrong day... how to fix?
Replies: 53
Views: 4208

Re: Forced to market time, on the wrong day... how to fix?

If you or your spouse have other tax deferred accounts, you can do something like the following steps to create a compensating transaction in another tax-deferred account. Using the scenario in which you are rolling a bond market fund within a tax-deferred account to another custodian who cannot ac...
by WillRetire
Sat Aug 24, 2019 3:05 pm
Forum: Personal Investments
Topic: Forced to market time, on the wrong day... how to fix?
Replies: 53
Views: 4208

Re: Forced to market time, on the wrong day... how to fix?

If you or your spouse have other tax deferred accounts, you can do something like the following steps to create a compensating transaction in another tax-deferred account. Using the scenario in which you are rolling a bond market fund within a tax-deferred account to another custodian who cannot acc...