Search found 682 matches

by RetiredAL
Wed May 27, 2020 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Put checking accounts in living revocable trusts?
Replies: 27
Views: 6665

Re: Put checking accounts in living revocable trusts?

You should worry, a lot. My husband assumed a POA responsibilities for his 97 year-old father in March, 2019. The older brother had been named POA with my husband as secondary in case the older brother could or would not carry out the responsibilities. As soon as FIL developed dementia, older broth...
by RetiredAL
Tue May 26, 2020 5:59 pm
Forum: Personal Investments
Topic: Transferring large managed brokerage to Schwab, please help and review my plan!
Replies: 35
Views: 1632

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

Quick update on this, and a question - I will be initiating an in kind transfer of all securities that will transfer to Schwab within the next couple of days. A reminder for your taxable in-kind transfers -- Before the transfer occurs, make sure you have the cost basis pertaining to each lot in you...
by RetiredAL
Tue May 26, 2020 4:02 pm
Forum: Personal Investments
Topic: Any retirees get through Covid crisis without large cash reserve?
Replies: 50
Views: 2870

Re: Any retirees get through Covid crisis without large cash reserve?

As the dust begins to settle on the Covid pandemic and resulting stock market crash, and with the market making a strong comeback, I’m taking stock of my personal situation of *not* having had a sizeable cash reserve about 11 years into retirement and selling shares in the “down market.” Overall, I...
by RetiredAL
Tue May 26, 2020 4:01 pm
Forum: Personal Investments
Topic: Any retirees get through Covid crisis without large cash reserve?
Replies: 50
Views: 2870

Re: Any retirees get through Covid crisis without large cash reserve?

As the dust begins to settle on the Covid pandemic and resulting stock market crash, and with the market making a strong comeback, I’m taking stock of my personal situation of *not* having had a sizeable cash reserve about 11 years into retirement and selling shares in the “down market.” Overall, I...
by RetiredAL
Sun May 24, 2020 11:26 am
Forum: Personal Investments
Topic: Father's Trust: Simplify Morgan Stanley Portfolio?
Replies: 10
Views: 607

Re: Father's Trust: Simplify Morgan Stanley Portfolio?

You and your Dad should seriously consider making you the Trustee. If my 95 year old Dad had not made me the Trustee several years ago for his convince, when his health suddenly declined 18 months ago, I would have had to step in at that point. Already having me the Trustee during a very stressful t...
by RetiredAL
Sat May 23, 2020 9:29 pm
Forum: Personal Consumer Issues
Topic: Self Isolating Winter Getaway Ideas
Replies: 19
Views: 1716

Re: Self Isolating Winter Getaway Ideas

Put a yurt in your backyard with a nice heater. DD has done remote yurts in the areas just outside of Yellowstone during the dead of winter. Access is by their snowmobiles. Then again, she lives in very rural Montana and it used to the cold. Her county has only had one Covid case and that was a tra...
by RetiredAL
Fri May 22, 2020 11:13 pm
Forum: Investing - Theory, News & General
Topic: Roth + Time vs Pretax + tax
Replies: 40
Views: 1994

Re: Roth + Time vs Pretax + tax

I disagree with those that that categorically say time in not important. It can be for anyone married. You see, more than likely one day, the original owner or the subsequent owner will be filing as single and that survivor's tax rate will likely increase with that event, impacting the tax bill forc...
by RetiredAL
Fri May 22, 2020 12:20 am
Forum: Personal Consumer Issues
Topic: Email for young teen with ability to auto delete nasty spam
Replies: 32
Views: 2128

Re: Email for young teen with ability to auto delete nasty spam

I never get sexually explicit spam in my Gmail. Get your kid a new e-mail account. If you are back to the same place in 6 months, your teen is probably sharing their email with some questionable sites, no matter what they tell mom and dad. Terrible inference. Maybe someone in her social circle is g...
by RetiredAL
Thu May 21, 2020 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Kids savings account vs UTMA?
Replies: 4
Views: 410

Re: Kids savings account vs UTMA?

My father now, between his own accounts and hers, has more money than he has any intention of using...... He'd also like to give a few thousand dollars more directly towards daughter, beyond the 529 funding........ You can easily open up a UTMA custodial checking/brokerage account and put money in ...
by RetiredAL
Wed May 20, 2020 1:44 pm
Forum: Personal Investments
Topic: 401K Rollover Timing and Covid Volatility
Replies: 9
Views: 340

Re: 401K Rollover Timing and Covid Volatility

Is there any option to keep your assets in-kind at the same custodian? I had an old Fidelity 401k that I rolled into a Fidelity IRA, and with the options I was invested in, everything went into my IRA in-kind without liquidating anything. I plan to later transfer to my primary IRA accounts at Vangu...
by RetiredAL
Tue May 19, 2020 8:26 pm
Forum: Personal Consumer Issues
Topic: Apple iPad vs Notebook
Replies: 43
Views: 1964

Re: Apple iPad vs Notebook

I got my wife an IPAD AIR 256GB ( latest gen ) for Christmas.

I wanted big as managing the storage on DW's devices over the years has been a pain. My choices at the time for this model were 64 or 256. No 128, which I thought should suffice.
by RetiredAL
Tue May 19, 2020 11:40 am
Forum: Personal Investments
Topic: Advice on Mom's retirement accounts
Replies: 14
Views: 967

Re: Advice on Mom's retirement accounts

Thank-you in advance for any insights and advice that you can offer! I manage my mother's retirement savings. Mom is 97 and in a memory care facility. I concur with Beehave's comments. A person that is in already in Memory Care Facility is likely to deficient in enough ADL's ( Activities of Daily L...
by RetiredAL
Tue May 19, 2020 1:41 am
Forum: Personal Investments
Topic: RSUs [how long to hold]
Replies: 32
Views: 1397

Re: RSUs [how long to hold]

As a result the Tech Crash in the early 2000's, many of those holding exercised RSU's found themselves very far underwater, to the extent that when they sold their sale price did not even cover the taxes due. Add to that there were job losses. I was not personally involved, but know people that wer...
by RetiredAL
Mon May 18, 2020 3:07 pm
Forum: Personal Investments
Topic: RSUs [how long to hold]
Replies: 32
Views: 1397

Re: RSUs [how long to hold]

As a result the Tech Crash in the early 2000's, many of those holding exercised RSU's found themselves very far underwater, to the extent that when they sold their sale price did not even cover the taxes due. Add to that there were job losses. I was not personally involved, but know people that were...
by RetiredAL
Mon May 18, 2020 12:31 pm
Forum: Personal Consumer Issues
Topic: Importing an almost new car into CA
Replies: 23
Views: 1428

Re: Importing an almost new car into CA

CA won't give you credit for the registration fee you paid to IL. I've no idea what the IL Reg Fee is, but the CA Reg Fee is many hundreds per year. If IL's is high like CA, then you would be burning that as a lot of expense if you buy early and drive. Buying early will also necessitate the time, ha...
by RetiredAL
Mon May 18, 2020 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Security at Schwab in Light of SIM Hack Concerns
Replies: 3
Views: 462

Re: Security at Schwab in Light of SIM Hack Concerns

In checking, CS only allows a single E-mail address to associated with a user's profile.

They do allow at for least 2 phone numbers to be defined in your profile and you tell them either text or voice message and to which number during the validation.
by RetiredAL
Sun May 17, 2020 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.
Replies: 56
Views: 4425

Re: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.

I agree that card skimming, either physically or electronically, is likely to be the common route of having a card compromised. But what better skimming point could there be than the list of new cards that the card plant will produce that day, along with all the encoded data that goes onto that new...
by RetiredAL
Sun May 17, 2020 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.
Replies: 56
Views: 4425

Re: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.

So one has to question how the bad guys get the account numbers before either card, and with each having a different number, before they have been used anywhere. The USAA lady told me they just try random numbers until they find one that is accepted. OK, I can plausibly see that happening to one ca...
by RetiredAL
Sat May 16, 2020 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.
Replies: 56
Views: 4425

Re: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.

Over the years, I've rarely had a card compromised - maybe once every 7 to 10 years. However, the last one was just a couple of years ago and I found it strange, so story time. USAA Visa updated cards for DW and I that were received a couple of days before a trip. These new cards had different accou...
by RetiredAL
Sat May 16, 2020 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.
Replies: 56
Views: 4425

Re: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.

You should not be getting hit that much. Somewhere, someone is skimming your information. Trace all your transactions back and see where they overlap. With chipped cards today, make a list of where you still have to swipe. That puts online and a handful of merchants as suspect. I agree - you should...
by RetiredAL
Fri May 15, 2020 11:54 pm
Forum: Investing - Theory, News & General
Topic: Updated Vanguard Purchase Policy
Replies: 16
Views: 1742

Re: Updated Vanguard Purchase Policy

Effective July 15, 2020, we'll no longer accept checks without a form for purchases into any client accounts. We've found that LOIs often contain incomplete information. That's why, after careful consideration, we're adjusting our policy for written transaction requests to feature our online digita...
by RetiredAL
Fri May 15, 2020 10:58 pm
Forum: Investing - Theory, News & General
Topic: Adjust Asset Allocation when 90 or older?
Replies: 21
Views: 1423

Re: Adjust Asset Allocation when 90 or older?

My Dad is 95. About 1/2 his investments were under WF Advisor direction until age 94. The advisor had him 75-80% in equities. When I took over those accounts, I lowered them to 60%. The other 1/2 was at USAA and Schwab, and they were about 60% equities combined. Why so high at his age? Even with him...
by RetiredAL
Fri May 15, 2020 8:47 pm
Forum: Personal Investments
Topic: UGMA
Replies: 8
Views: 509

Re: UGMA

You want to periodically harvest the LT Gains while staying under the $2200 income total for that year, otherwise years from now there will be a large tax bill related to the large cap gain on what you just sold to pay for their school. This last Dec, I booked $2000+ of gains and dividends for each ...
by RetiredAL
Fri May 15, 2020 7:35 pm
Forum: Personal Investments
Topic: UGMA
Replies: 8
Views: 509

Re: UGMA

You have to file a tax return ( report ) if more than a little bit above $1000.

See the wiki for the exact dollar amounts.

edit: here's the wiki link: https://www.bogleheads.org/wiki/Kiddie_tax
by RetiredAL
Fri May 15, 2020 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Shopping for Title Insurance
Replies: 29
Views: 1319

Re: Shopping for Title Insurance

Title insurance is less about protecting you and more about protecting the mortgage holder. Essentially the lender is requiring you to pay for insurance that protects their loan interests.
by RetiredAL
Fri May 15, 2020 4:35 pm
Forum: Personal Investments
Topic: New Vanguard PAS Client
Replies: 3
Views: 510

Re: New Vanguard PAS Client

livesoft wrote:
Fri May 15, 2020 4:29 pm
A target fund for the UTMA is fine. Consider that you should also be either tax-gain harvesting or tax-loss harvesting in the UTMA each year in order to take advantage of avoiding taxes in that account if you can.
+ 1 on tax gain harvesting.
by RetiredAL
Fri May 15, 2020 3:11 pm
Forum: Personal Consumer Issues
Topic: Flag Pole Light
Replies: 16
Views: 1134

Re: Flag Pole Light

My Dad's house is in a densely developed area with a many fingered man-made lake in his back yard. Lights shining across the lake are forbidden and sometimes the HOA get involved if the offender is not responsive to a one-on-one. Most are respectful of this rule, but sometimes someone is oblivious t...
by RetiredAL
Thu May 14, 2020 6:18 pm
Forum: Personal Consumer Issues
Topic: Strange Ethernet Issue
Replies: 29
Views: 1580

Re: Strange Ethernet Issue

That’s a great story RetiredAL. You’re a much more thorough and patient person than I am. I used to say that I’ve had wireless issues dozens of times but only 1 bad cable. I actually had another bad cable a month ago, so maybe the trend is going the other way now. Patient??? My wife would have desc...
by RetiredAL
Thu May 14, 2020 5:12 pm
Forum: Personal Consumer Issues
Topic: Strange Ethernet Issue
Replies: 29
Views: 1580

Re: Strange Ethernet Issue

That’s a great story RetiredAL. You’re a much more thorough and patient person than I am. I used to say that I’ve had wireless issues dozens of times but only 1 bad cable. I actually had another bad cable a month ago, so maybe the trend is going the other way now. Patient??? My wife would have desc...
by RetiredAL
Thu May 14, 2020 4:01 pm
Forum: Personal Consumer Issues
Topic: Strange Ethernet Issue
Replies: 29
Views: 1580

Re: Strange Ethernet Issue

do you have a cable tester that verifies the cable continuity and the pin-outs? It could be that one of the pins is bad and eero doesn't handle it as gracefully. I don’t have a cable tester. I previously had an Orbi at the LR outlet, and it handled things fine. It probably is optimistic to think it...
by RetiredAL
Wed May 13, 2020 5:54 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 10772

Re: Dentist charges $10 for PPE

That’s ridiculous. I’d go buy a 50 cent surgical mask and 10 cent nitrile gloves and give them to the dental office and demand a refund. $10 is just absurd. Where are you finding 50 cent surgical masks? Please let me know, I would like to buy a bunch. https://www.amazon.com/Disposable-Surgical-Stan...
by RetiredAL
Wed May 13, 2020 5:35 pm
Forum: Personal Investments
Topic: Need Help getting out of Fidelity Managed Account
Replies: 9
Views: 742

Re: Need Help getting out of Fidelity Managed Account

....... Why does Fidelity use so many fund in Managed Account? Managed accounts have a lot Funds/EFTs/Stocks for 2 main reasons. The quantity acts as 1) A smoke screen hindering you from seeing clearly. 2) They are trying to give you the sense that it's terribly complicated thus making you feel the...
by RetiredAL
Mon May 11, 2020 4:08 pm
Forum: Personal Consumer Issues
Topic: Android: how to measure GB usage
Replies: 12
Views: 452

Re: Android: how to measure GB usage

Video of any kind will be the bulk of your usage. 2 GB of pictures would be 1000 pictures @ 2 MB a picture. If texted, pictures get size scrunched a lot - around a factor of 4 or more. Uploading pictures to online is could be full size, depending on the service and/or App. I'm on Verizon and the bul...
by RetiredAL
Sun May 10, 2020 3:43 pm
Forum: Personal Investments
Topic: Roth Accounts - Combined or Separated?
Replies: 13
Views: 903

Re: Roth Accounts - Combined or Separated?

I chose to place my Roth Conversions in a separate account at the same brokerage. I did so only so I can see/track at a glance those converted $, otherwise they would intermingled with 20 years of contributions to my Roth.

OP, wear the shoe that fit you best.
by RetiredAL
Sat May 09, 2020 9:28 pm
Forum: Investing - Theory, News & General
Topic: Why are the yields on brokered CDs so much less than those available directly
Replies: 14
Views: 1331

Re: Why are the yields on brokered CDs so much less than those available directly

I'd argue that it's a liquidity premium. You can get a brokered CD at any brokerage, but you have to register at the bank or credit union and make a transfer to get a direct CD. It's a little bit more work, so the yield has to be higher to compensate. I look at it the other way. A brokered CD trans...
by RetiredAL
Sat May 09, 2020 8:32 pm
Forum: Personal Consumer Issues
Topic: Will a vpn complicate or improve my internet experience?
Replies: 54
Views: 3642

Re: Will a vpn complicate or improve my internet experience?

Regular people use VPNs for four reasons from what I've noticed: 1. Browse or use websites that restrict or grant more access depending on your location (e.g. watching Canadian Broadcasting Service coverage of the olympics from within the US. By the way, if the Olympics in Tokyo are still on for th...
by RetiredAL
Sat May 09, 2020 6:51 pm
Forum: Personal Consumer Issues
Topic: COVID-19 has revealed the stark deficiencies in long-term care facilities regardless of ratings.
Replies: 80
Views: 5323

Re: COVID-19 has revealed the stark deficiencies in long-term care facilities regardless of ratings.

A nurse/caretaker handles everything, not the family. $120K/year for 24x7 nurse/caretaker vs $120K/year for a skilled nursing home. You nurse/caretaker $ is off just a tad. A year ago, I found it was $220K - $240K a year 24x7 for in-home caretaker only, no nurse. Nursing Home was $120K. Anyone that...
by RetiredAL
Sat May 09, 2020 2:00 pm
Forum: Investing - Theory, News & General
Topic: Why are the yields on brokered CDs so much less than those available directly
Replies: 14
Views: 1331

Re: Why are the yields on brokered CDs so much less than those available directly

From what I can tell it goes in cycles. Seems like when things are tight banks offer the best rates directly to attract new customers but when they are wanting to attract capital brokered CDs tend to be better. But that is just my recollection and may not be accurate and I am sure there are always ...
by RetiredAL
Sat May 09, 2020 12:36 pm
Forum: Personal Consumer Issues
Topic: COVID-19 has revealed the stark deficiencies in long-term care facilities regardless of ratings.
Replies: 80
Views: 5323

Re: COVID-19 has revealed the stark deficiencies in long-term care facilities regardless of ratings.

Don't put all the onus on Medicaid. There are facilities that won't accept Medicaid or are very restrictive, in order to have all or most residents with the financial resources to private pay. In my state, Medicaid pays a flat daily rate of about $158. Some of the private pay facilities are chargin...
by RetiredAL
Sat May 09, 2020 12:41 am
Forum: Personal Consumer Issues
Topic: Will a vpn complicate or improve my internet experience?
Replies: 54
Views: 3642

Re: Will a vpn complicate or improve my internet experience?

Except the real threat isn’t NOT using a VPN in your scenario. It’s NOT using encryption. -TheDDC +100 There was a time when few sites/connections used encryption. Today, most sites/connections use encryption. And for those that don't, well you should be asking yourself what am I doing here?
by RetiredAL
Thu May 07, 2020 1:06 pm
Forum: Personal Investments
Topic: Limit Roth Conversion by IRMAA or Tax Bracket?
Replies: 19
Views: 1199

Re: Limit Roth Conversion by IRMAA or Tax Bracket?

I suggest you look at the IIRMA up-charge impact to your wallet as essentially an an add-on tax. The IIRMA impact of the first $30K is equivalent to an additional 3.5%. The impact of the next $27.5K is an additional 7.3% So a 40% hit is a pretty bitter pill. However, if you can convert equities if t...
by RetiredAL
Wed May 06, 2020 10:29 pm
Forum: Personal Investments
Topic: Notary Signature Amidst COVID 19
Replies: 22
Views: 1342

Re: Notary Signature Amidst COVID 19

So before you use a remote Notary, make sure a non-original copy will accepted. In your son’s case, I think the previous signer probably just wanted a copy, but then got the documents confused and sent the copy instead. Depending on the document, in many cases the original MUST be submitted, such a...
by RetiredAL
Tue May 05, 2020 3:57 pm
Forum: Personal Consumer Issues
Topic: Hail damage insurance claim
Replies: 10
Views: 805

Re: Hail damage insurance claim

terran wrote:
Tue May 05, 2020 10:38 am
Our insurance is through Geico with a $1000 deductible.


Thanks!
This is covered under comprehensive, not collision. Make sure you are using the correct deductible.
by RetiredAL
Tue May 05, 2020 3:32 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 297
Views: 16726

Re: Scam eMail Threatening to Expose My 'Private Life'

Just got this one a few minutes ago... 𝖨'm aware, [password removed by admin LadyGeek] , is 𝗒𝗈u𝗋 𝗉ass wo𝗋𝖽. I ne𝖾d you𝗋 c𝗈mplete attention f𝗈𝗋 the u𝗉 com𝗂ng 24 hours, or 𝖨 m𝖺y ma𝗄𝖾 sure you that you 𝗅ive ou𝗍 𝗈f sh𝖺me fo𝗋 𝗍he r𝖾𝗌t o𝖿 yo𝗎r l𝗂𝖿e. Just got the same warning again. Looks like they're giv...
by RetiredAL
Tue May 05, 2020 2:02 pm
Forum: Personal Investments
Topic: Notary Signature Amidst COVID 19
Replies: 22
Views: 1342

Re: Notary Signature Amidst COVID 19

A word of caution after the experience I recently had. My son took the bank's completed "agent" paperwork to a branch for submission. This was with a national bank. They rejected one of the grantor's signature form because it 'was not original'. The signed and witnessed document had been pdf scanned...
by RetiredAL
Tue May 05, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Moving from High taxed state to no income tax state
Replies: 44
Views: 3104

Re: Moving from High taxed state to no income tax state

OP,

Some tax comparison info per Wikipedia -- https://en.wikipedia.org/wiki/State_income_tax

And as others have said, the tax cost is only a part of the big picture.
by RetiredAL
Tue May 05, 2020 2:11 am
Forum: Personal Consumer Issues
Topic: Receiving packages/orders at different address?
Replies: 7
Views: 460

Re: Receiving packages/orders at different address?

I've had zero issues with Amazon using to multiple shipping addresses using two different cards that have different billing addresses. When you create a 2nd payment record, Amz associates that card's billing address to that record. When you order, you can select which payment card to use and what ad...
by RetiredAL
Mon May 04, 2020 10:54 pm
Forum: Personal Investments
Topic: Strategy for converting to 3 fund portfolio?
Replies: 10
Views: 688

Re: Strategy for converting to 3 fund portfolio?

After 15 years of having Schwab manage most of my portfolio I pulled the trigger today and left the managed program. FWIW leaving was a very easy process and took less than a day to complete. I like Schwab, particularly their customer service, and will keep my 3 fund account there. I was worried th...
by RetiredAL
Mon May 04, 2020 10:26 pm
Forum: Personal Investments
Topic: Transitioning from Schwab managed portfolio to self managed Boglehead
Replies: 21
Views: 1374

Re: Transitioning from Schwab managed portfolio to self managed Boglehead

The only question I couldn't get a a definitive answer to is exactly which of my mutual funds in that portfolio would be liquidated as part of the transition because they were institutional class and restricted to managed portfolio accounts. A rough estimate is that 50% of my portfolio is in these ...
by RetiredAL
Mon May 04, 2020 9:35 pm
Forum: Personal Investments
Topic: Transitioning from Schwab managed portfolio to self managed Boglehead
Replies: 21
Views: 1374

Re: Transitioning from Schwab managed portfolio to self managed Boglehead

The only question I couldn't get a a definitive answer to is exactly which of my mutual funds in that portfolio would be liquidated as part of the transition because they were institutional class and restricted to managed portfolio accounts. A rough estimate is that 50% of my portfolio is in these ...