Search found 177 matches

by Stinky
Sun Oct 14, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Placing mother in nursing home - advice
Replies: 37
Views: 3712

Re: Placing mother in nursing home - advice

If you and your sister are going to be in the same city, that is the city your mom should be in, so look for a facility in your city. Speak to an elder care attorney, but I believe once she depletes her assets, she will be eligible for Medicaid, which does cover nursing homes. I would sell the hous...
by Stinky
Sat Oct 13, 2018 4:03 pm
Forum: Personal Consumer Issues
Topic: Not convinced with insurance
Replies: 43
Views: 3245

Re: Not convinced with insurance

my wife is a Ph.D. student. We are paying for our mortgage without issues. Insurance I already have: - Basic employee life Insurance and accidental death and dismemberment (AD&D) Insurance from my employer Term policy My biggest worry was what would happen if I die. I sat my wife and asked her what...
by Stinky
Sat Oct 13, 2018 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Idiotic questions from NEWB- please help
Replies: 14
Views: 1323

Re: Idiotic questions from NEWB- please help

In addition to directing all new contributions to index funds, I would divest of the individual stock positions. Your decision about how quickly to divest.

There’s no reason to clutter up your financial life with more individual positions than you need.
by Stinky
Sat Oct 13, 2018 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Have you annuitized some of your money?
Replies: 67
Views: 5570

Re: Have you annuitized some of your money?

In essence I did. When I retired from Megacorp in January, I could take the pension as a lump sum or annuity. I chose the latter. That gives me 40k before tax per year (non-COLA). Right now, that covers my spending. Inflation will erode that over time, but then SS will come into play, plus the inve...
by Stinky
Sat Oct 13, 2018 2:45 pm
Forum: Personal Consumer Issues
Topic: What backup service to use?
Replies: 74
Views: 8047

Re: What backup service to use?

JBTX wrote:
Thu Nov 09, 2017 8:23 pm
Carbonite
+1

We’ve had two hard drive crashes in the past few years, and Carbonite was flawless in restoring our data.

They also have an app, so I can view backed up files from my computer on my phone. Kind of low tech, but it works.
by Stinky
Sat Oct 13, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 70
Views: 5332

Re: Weigh in on our Marital Argument =)-- HCOL edition

My only concern would be schools for the kids. If you're happy with the schools then stay, life is too short to live on NJ Transit :) +1 Schools for kids are of paramount importance. If the quality of education is good in the local public schools, or if there are very affordable private schools, up...
by Stinky
Thu Oct 11, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum instead of pension
Replies: 23
Views: 1187

Re: Lump sum instead of pension - a no brainer?

Steelersfan wrote:
Thu Oct 11, 2018 11:29 am
Too many things can happen in 25 years for a realistic analysis, most of them not in your favor. Take the lump sum.
Very good advice.
by Stinky
Fri Oct 05, 2018 4:16 pm
Forum: Investing - Theory, News & General
Topic: October Bogleheads On Investing Podcast with Dr. David Blitzer
Replies: 23
Views: 2597

Re: Bogleheads On Investing Podcast: Episode #2 with Dr. David Blitzer

Loved Episode #1!

Thanks for hosting this podcast. Hope that it can go on for many years to come.
by Stinky
Fri Oct 05, 2018 3:25 pm
Forum: Personal Consumer Issues
Topic: Another Term Life Insurance Query
Replies: 9
Views: 737

Re: Another Term Life Insurance Query

Thanks, @BL @simplesimon. Is there a list of best 'Term' insurance companies or is it ok to select any A+, A++ company from 'term4sale.com'? Thanks. Your approach is just fine. I just looked at term4sale.com, and all of the companies listed there are good companies. You could select any of them wit...
by Stinky
Fri Oct 05, 2018 2:51 pm
Forum: Investing - Theory, News & General
Topic: A little blip - and the media goes crazy
Replies: 16
Views: 2252

Re: A little blip - and the media goes crazy

I didnt go looking for this info, but a little drop and the media circus starts again. Warning of 30 no 40 no 70 percent drop in stocks just around the corner. Has it always beeen like this? Or has social media made it worse? The bad thing is that the small drops have happened going into a weekend....
by Stinky
Fri Oct 05, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: More Life Insurance?
Replies: 8
Views: 651

Re: More Life Insurance?

I'd go ahead and buy 10 year term for 5 or a little more times your salary. While you have a nice retirement account that is building, I'd hate to have your wife need to start depleting that retirement account to provide for living expenses and college if you should prematurely die. Shop the coverag...
by Stinky
Fri Oct 05, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: IRS letter on my 2016 return - taxes on backdoor Roth??
Replies: 12
Views: 2796

Re: IRS letter on my 2016 return - taxes on backdoor Roth??

Perusing the various threads from https://www.google.com/search?sitesearch=bogleheads.org&q=CP2000 might be useful. Thanks to all who gave me their ideas about how to respond to the IRS. I followed your suggestions and filed my paperwork with IRS in mid-July. I got a letter from IRS yesterday. The ...
by Stinky
Thu Oct 04, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Is it wrong to have too many funds?
Replies: 9
Views: 589

Re: Is it wrong to have too many funds?

At face value, one might think that you're missing out on simplicity. But it really depends what you have and how you keep track of it. I manage my and my wife's accounts and we're spread over 10 accounts at 4 institutions. Overall, probably 10 actual funds. But I group them on my excel spread shee...
by Stinky
Wed Oct 03, 2018 5:47 pm
Forum: Personal Consumer Issues
Topic: Signing up for medicare
Replies: 20
Views: 1098

Re: Signing up for medicare

Approaching 65. What is the least painful way of signing up? Online? Local social security office? Any suggestions to minimize the aggravation of dealing with a government agency! Just did it online myself on Monday. Very easy process, probably took less than 10 minutes. I got a confirming email im...
by Stinky
Wed Oct 03, 2018 5:42 pm
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 6225

Re: Is this ignorance or intentionally misleading?

Do you think Mr. Bach knows this and is being intentionally deceptive, or did he just misinterpret the data? No way to know if he's being deceptive or just didn't understand what he was saying. It's really disappointing that misinformation like this seeps into the public domain. Adult shouldn't be ...
by Stinky
Wed Oct 03, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Mobile payment service - for a church rummage sale
Replies: 5
Views: 407

Re: Mobile payment service - for a church rummage sale

Thanks so much for all of the responses. It’s good to hear from folks who have real world experience with this issue.
by Stinky
Wed Oct 03, 2018 5:39 am
Forum: Personal Finance (Not Investing)
Topic: Mobile payment service - for a church rummage sale
Replies: 5
Views: 407

Mobile payment service - for a church rummage sale

I've been asked to explore whether our church could set up an account to accept mobile payments for a rummage sale later this year. As of now, our church doesn't have any kind of arrangement for accepting credit or debit cards, and we don't have anyone in the church who has experience as a businessm...
by Stinky
Tue Oct 02, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Credit Karma worth it
Replies: 16
Views: 1214

Re: Credit Karma worth it

Hi Folks, Is Credit Karma worth it for folks who are debt free and have their accounts frozen with the agencies. Is there any downside to using Credit Karma? Thanks Not that I know of either. I have an account, and check it every one in a while to see if my "scores" have moved at all. Plus, it's ju...
by Stinky
Tue Oct 02, 2018 10:58 am
Forum: Personal Consumer Issues
Topic: Improved Phishing Scam
Replies: 7
Views: 950

Re: Improved Phishing Scam

Thanks for posting. Hadn't heard that one before.

Sounds like a good reason for you to consider changing some passwords, especially if you've used that stolen one on any sites that you really care about.
by Stinky
Fri Sep 28, 2018 2:31 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 308
Views: 43254

Re: Roll Call for the Retirement Class of 2018!

Today was my last day in the office. Finished up and strolled out at 1030am. 40 years with the same company, age 65 next month, and time to move to a new chapter in my life. Guess I’ll be signing up for Medicare next week. I’m blessed to have all 3 children and 5 grandchildren living within 15 minut...
by Stinky
Sun Sep 09, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: I think my father has a gambling problem
Replies: 78
Views: 6822

Re: I think my father has a gambling problem

You confronted. He denied. You talked to your mom. She denied. I see these as your options: 1. Do nothing. Your parents are both adults and you have had dialogue about your concerns 2. Continue to confront him and your mother, push the idea that he has a gambling problem, suggest he see a professio...
by Stinky
Sun Sep 09, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: I think my father has a gambling problem
Replies: 78
Views: 6822

Re: I think my father has a gambling problem

I visited my parents for 4 days, the first time this year, and my father spent two of those days at the casino. There were a lot of advertisements from casinos in the house and books on how to play poker and blackjack. I confronted him about it, and he denied having a gambling problem. He said he d...
by Stinky
Sun Sep 09, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Variable Life Insurance Policy worth it?
Replies: 9
Views: 973

Re: Variable Life Insurance Policy worth it?

Thank you all again very much! Based on the quotes on term4sale, I have reached out to a few local agents. Hopefully will get decent enough term coverage. Once that process starts, I will go ahead and cancel the existing insurance. Thank you again! I'm so thankful for this forum and all your advice...
by Stinky
Sun Sep 09, 2018 1:29 pm
Forum: Investing - Theory, News & General
Topic: How Edward Jones gets compensated
Replies: 7
Views: 1435

Re: How Edward Jones gets compensated

Like one needs any more reasons, however this is very straight forward, from the horse’s mouth: Link: https://www.edwardjones.com/images/LGL-8944-A_Final.pdf Cheers, :greedy Ps. Sorry if it has been posted be4, I did a cursory search and found nothing. Question - How does Edward Jones get compensat...
by Stinky
Sun Sep 09, 2018 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Converted Into a Variable Annuity - Can I get surrender charges waived?
Replies: 4
Views: 712

Re: IRA Converted Into a Variable Annuity - Can I get surrender charges waived?

Thanks Stinky. Yes, it wouldn’t be a big time investment for my part with a huge upside. My mother doesn’t really want the hassle and always just “wants to look forward.” I know there are lawyers who handle annuity cases, not sure if it is worthwhile to get one involved. We also were “friends” with...
by Stinky
Sun Sep 09, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: New to Donor Advised Funds, need guidance
Replies: 22
Views: 1579

Re: New to Donor Advised Funds, need guidance

I've had a great experience with Fidelity. Their website is easy to navigate. They have low-cost index funds. They link with Guidestar, to be able to research charities. I have included our DAF in our overall allocation. I agree with this post on both points. Fidelity is who I've used, and I'm very...
by Stinky
Sun Sep 09, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Rewards Visa Card
Replies: 51
Views: 7251

Re: Fidelity Rewards Visa Card

The City cards seem like a great deal. After reading my Bogleheads friends thoughts on this subject I called up and asked for and got the 2 percent upgrade from 1.5 percent credit card from Fidelity. It seemed kind of weird to have to call up and ask for the 2 percent but it worked for me. I've had...
by Stinky
Sat Sep 01, 2018 2:51 am
Forum: Personal Finance (Not Investing)
Topic: Permanent Life Insurance
Replies: 20
Views: 3274

Re: Permanent Life Insurance

Beautifully explained in a flow chart by https://www.whitecoatinvestor.com https://www.whitecoatinvestor.com/wp-content/uploads/2015/03/Permanent-Life-Insurance.jpg Conclusion: Most of use cases end up with - "Don't buy permanent life insurance" Credits: https://www.whitecoatinvestor.com/12-questio...
by Stinky
Sat Sep 01, 2018 2:45 am
Forum: Investing - Theory, News & General
Topic: how much is term life insurance worth? (mortality table)
Replies: 11
Views: 1304

Re: how much is term life insurance worth? (mortality table)

I agree members of a professional association like IEEE are probably significantly less likely to die (pre retirement) than average. Okay, that probably explains a lot of it. The mortality table I used, from the Social Security website, takes into account a broad population, including socioeconomic...
by Stinky
Sat Sep 01, 2018 2:25 am
Forum: Personal Finance (Not Investing)
Topic: Term life insurance: now or workout first
Replies: 23
Views: 2379

Re: Term life insurance: now or workout first

Based on my reading, the best way is to stagger coverage? A 20-year policy for 1 million and a 10-year one for another mil for while kids are small and wife can't work full-time as a result and needs more support. Did I get that right? I’d strongly consider buying the full $2 million 20 year term i...
by Stinky
Wed Aug 29, 2018 3:21 am
Forum: Investing - Help with Personal Investments
Topic: IRA Converted Into a Variable Annuity - Can I get surrender charges waived?
Replies: 4
Views: 712

Re: IRA Converted Into a Variable Annuity - Can I get surrender charges waived?

[Moved into a stand-alone thread from: IRA Converted Into a Variable Annuity (2008) --admin LadyGeek] Hi Pearl, A similar thing happened to my mom a few years ago. I was able to get her surrender fee waived and transferred her entire balance to Vanguard doing the following: 1. Write a letter of com...
by Stinky
Mon Aug 27, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: How best to uphold deceased friend's wishes / dilemma
Replies: 6
Views: 1434

Re: How best to uphold deceased friend's wishes / dilemma

I might wait a decent amount of time until after the immediate shock of your friend's death has passed. Then ask your friend's wife out for coffee, for dinner, or for something else. During that conversation, you can tell her (gently) that your friend had asked you to be there for her after he passe...
by Stinky
Mon Aug 27, 2018 4:33 pm
Forum: Personal Consumer Issues
Topic: Streaming TV services
Replies: 36
Views: 2620

Re: Streaming TV services

We like YouTube TV ($40 per month) and Netflix ($10.99 per month).

Will never go back to cable.
by Stinky
Mon Aug 27, 2018 4:15 pm
Forum: Investing - Theory, News & General
Topic: Pension plan details about annuity value
Replies: 11
Views: 725

Re: Pension plan details about annuity value

I would contact the HR department of your former employer and ask for a pension estimate paid as an annuity as of a specific date (or age). This is the right answer. I don't think that you'll get any numbers that pertain to you and your benefit from the plan document. You're far better off talking ...
by Stinky
Sun Aug 26, 2018 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 6730

Re: How do you calculate net worth with pensions?

bgyt wrote:
Sun Aug 26, 2018 7:20 pm
this seems like the point in the thread where we stop learning and instead decide to pick up our 2x4s to beat the dead horse some more.
Just waiting for LadyGeek to step in and stop the madness. There's not a single right answer to this question.
by Stinky
Sun Aug 26, 2018 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: SALT: IRS issues proposed regs for State Tax Credit for Donation
Replies: 62
Views: 6118

Re: SALT: IRS issues proposed regs for State Tax Credit for Donation

It might be interesting to discuss this wrt other particular states also. *also assuming the IRS strictly sticks to their own proposed reg disallowing the deduction only for donations after 8/27. This is an interesting thread. Alabama has had a program in place for about 5 years, with a 100% state ...
by Stinky
Sun Aug 26, 2018 10:46 pm
Forum: Investing - Theory, News & General
Topic: Would prefer target date funds, but three custodians make it messy: advice?
Replies: 8
Views: 914

Re: Would prefer target date funds, but three custodians make it messy: advice?

peseta I also suspect that you may be obsessing over what are relatively unimportant allocation differences. Small differences (5% more equity here, 10% more bonds there) are not going to have a significant impact on your lifetime savings, so don't sweat them. Just pick a fund that's "close enough"...
by Stinky
Sun Aug 26, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about a few life insurance certificates
Replies: 3
Views: 393

Re: Questions about a few life insurance certificates

If it were me, I would cash out the $5,000 whole life and invest the cash value according to my asset allocation. It’s a trivial death benefit. On the term insurance, I would determine my overall insurance need and timeframe, taking into account my income level, how long until child finishes college...
by Stinky
Sun Aug 26, 2018 8:02 am
Forum: Investing - Help with Personal Investments
Topic: How to buy index funds?
Replies: 6
Views: 1078

Re: How to buy index funds?

NewtoInvestingFriend wrote:
Fri Aug 24, 2018 2:13 pm

- Current investments: Vanguard Roth IRA target date retirement set up (no 401K available).

Thanks so much! I'm excited to get started on this journey!
Sounds like you already have a relationship with Vanguard. Call them up and they will help you out.
by Stinky
Sun Aug 26, 2018 7:53 am
Forum: Investing - Theory, News & General
Topic: Call the Top!
Replies: 82
Views: 9375

Re: Call the Top!

3500? 4000? Who knows?

All I know is that there are miles to go before I sleep.
by Stinky
Sun Aug 26, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: IRA inherited from younger spouse
Replies: 25
Views: 2536

Re: IRA inherited from younger spouse

jeffyscott wrote:
Fri Aug 24, 2018 8:21 am


There is also a life insurance policy that will be paid out, I am assuming that will not be taxable income but will note that this should be verified before embarking on the suggested Roth conversion.
Correct - life insurance proceeds paid on death are not taxable.
by Stinky
Sun Aug 26, 2018 5:49 am
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 6730

Re: How do you calculate net worth with pensions?

baconavocado and NYC_Guy are definitely not wrong. A pension most definitely has value, and it is your choice how you want to view it. Income and investments can be viewed as interchangeable. If you purchase an annuity for $1M, your net worth does not drop at that instant by $1M. +1 I’m rapidly app...
by Stinky
Fri Aug 17, 2018 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Helping mother-in-law after her husbands passing
Replies: 20
Views: 1444

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

Only making $2,100 per month as a State Farm insurance agent? Is she part-time? Can she increase hours to make more money?

One of the biggest assets she has is the ability to earn money from her work in the future. If she could increase that, she will have a lot more flexibility in the future.
by Stinky
Wed Aug 15, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: Offering 401k Advice to my coworkers?
Replies: 36
Views: 3493

Re: Offering 401k Advice to my coworkers?

Is anybody aware of a 401(k) committee member being sued by a plan participant for giving out advice? I am unaware of that happening. I think the risk of such a lawsuit is grossly exaggerated in this forum. No, I have not heard about an individual 401(k) committee member being sued. But I have hear...
by Stinky
Sun Aug 12, 2018 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 3350

Re: Financial Advisor Mandatory?

Thank you to everyone who took time to reply. I have some new books to read, homework I guess you can say. Thanks for the recommendations! I guess we felt that we were somehow missing out or unsophisticated after speaking to our friends (even though I promise that was not their intention as these a...
by Stinky
Sat Aug 11, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Private Banking is a trap. Don't do it!
Replies: 55
Views: 7302

Re: Private Banking is a trap. Don't do it!

Channel Nancy Reagan.

“Just say no.” And say it again, with increased volume, if they continue to pester you.
by Stinky
Fri Aug 10, 2018 1:01 pm
Forum: Investing - Theory, News & General
Topic: Offering 401k Advice to my coworkers?
Replies: 36
Views: 3493

Re: Offering 401k Advice to my coworkers?

Yes, crossing a line and placing yourself and the company at risk. There's a reason why retirement plan decision-makers are covered by ERISA liability insurance. I'm on my company's retirement plan committee and am covered by our insurance policy, but I still am careful to couch my answers to emplo...
by Stinky
Fri Aug 10, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Paper checks yes or no?
Replies: 116
Views: 6800

Re: Paper checks yes or no?

Yes. Many charities, maybe a gift to a niece or nephew, etc require checks.

But order a lot fewer than you would have 20 years ago.
by Stinky
Thu Aug 09, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 8098

Re: Should I tell my family/friend that they are making a financial mistake?

If they come to you in a state of utter desperation, and ask for your help, yes.

Otherwise, no.
by Stinky
Mon Aug 06, 2018 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15604

Re: Will you pay for your kids' college/graduate education?

I'm curious how much will you support your kids. If yes, to what extent? Part of tuition, in-state full tuition, private university tuition, living expenses? Edited again We paid full in-state tuition plus living expenses. Three children, five years each. For three years, I had three in college at ...