Search found 245 matches

by Stinky
Fri Dec 14, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: Favorite Purchase of 2018?
Replies: 31
Views: 1434

Re: Favorite Purchase of 2018?

Paying the restaurant bill for my family at a dinner celebrating my retirement.
by Stinky
Fri Dec 14, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: 20 Year Guaranteed Term Non Smoker Life Insurance
Replies: 14
Views: 522

Re: 20 Year Guaranteed Term Non Smoker Life Insurance

Does he still need life insurance? Is there an income stream (like income from a job) that would cease if he dies? Is someone depending on him for financial support?

If the answers are “no”, then he should drop insurance. For most 70 year olds, the answer is “no”.
by Stinky
Wed Dec 12, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Received IRS letter - be proactive or sit back?
Replies: 25
Views: 2953

Re: Received IRS letter - be proactive or sit back?

To be clear, the letter is very clear that if you feel you are in the right, then you should *do nothing*. I'm curious whether any of you would disregard this and go out of your way to move it up the chain at the IRS rather than waiting for the next letter. I’m kind of surprised by the responses he...
by Stinky
Wed Dec 12, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Deferred comp question
Replies: 2
Views: 354

Re: Deferred comp question

You’d need to examine your employers plan to see what it says.

My former employers plan would have kept me invested during drawdown. But your situation may be different.
by Stinky
Wed Dec 12, 2018 1:20 pm
Forum: Personal Consumer Issues
Topic: [Anyone drop cable for YouTube TV?]
Replies: 63
Views: 3422

Re: [Anyone drop cable for YouTube TV?]

Could someone give me the quick-sketch on replacing cable? Right now, I have of course local channels, plus a number of cable channels. I set up series recordings for things I'm interested in, and those show up when new episodes are shown. There's a guide that I use to look for shows that I hear ab...
by Stinky
Wed Dec 12, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Received IRS letter - be proactive or sit back?
Replies: 25
Views: 2953

Re: Received IRS letter - be proactive or sit back?

I'd follow the instructions in the letter. I would think that an "investigation" will take place soon, because ex-husband will probably not respond either. At that point, you can make your case that you should be able to claim both children. There's no reason to ignore explicit guidance from the IRS...
by Stinky
Wed Dec 12, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 84
Views: 3915

Re: Donate to homeless?

I agree with the advice to donate to organizations that help/assist the homeless in way(s) that you agree with. I am familiar with several such organizations in my locality - and (just my opinion and observation) some do things in ways I support and some do not. In my locality, we see a lot of such...
by Stinky
Tue Dec 11, 2018 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Not accepting Medicare benefits
Replies: 24
Views: 4041

Re: Not accepting Medicare benefits

If I'm understanding your case correctly, it sounds like you'll be paying roughly the same monthly Medicare premium (including IRMAA) as your current high deductible plan. But I think that your out-of-pocket expense will likely be lower under Medicare than under your current insurance, especially if...
by Stinky
Tue Dec 11, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: The Disaster That Is General Electric Company Stock
Replies: 53
Views: 9963

Re: The Disaster That Is General Electric Company Stock

Beware of the giant sucking sound of the long term care liabilities of this company.

There have been massive charges for LTC recently - there very well may be more in the future.

Not sure that the insurance industry in general, and GE specifically, have this one figured out.
by Stinky
Mon Dec 10, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Switching Jobs - Pension/401K/PTO Balance Payouts & Uncovered Medical
Replies: 9
Views: 480

Re: Switching Jobs - Pension/401K/PTO Balance Payouts & Uncovered Medical

I've formally accepted a new job after 10+ years at my current company. There are a few things that will happen that I need some guidance on: 5. Last day for current job will likely be in beginning/middle January with new job starting around the same time. I am not eligible for new job medical/dent...
by Stinky
Mon Dec 10, 2018 8:37 am
Forum: Personal Consumer Issues
Topic: [Anyone drop cable for YouTube TV?]
Replies: 63
Views: 3422

Re: YOUTUBE TV

Yes. Been on YouTube TV for about 6 months, and cut the cable. Saving almost $100 per month, because my local cable company required set boxes for each TV set. YouTube TV gets all the local channels (at least in my area), and all of the cable news and sports channels that I care about. It also has u...
by Stinky
Sun Dec 09, 2018 4:59 pm
Forum: Investing - Theory, News & General
Topic: "The 10 Worst Places To Get Investing Advice"
Replies: 59
Views: 7138

Re: "The 10 Worst Places To Get Investing Advice"

#17. Almost any hour-long local radio show hosted by a "financial advisor". The majority of these shows are informercials to peddle annuities.
by Stinky
Sun Dec 09, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: 20% tax witholding required?
Replies: 6
Views: 770

Re: 20% tax witholding required?

Vanguard withholds 10% on IRA distributions as the default, but will withhold more or less as requested.
by Stinky
Sun Dec 09, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: 20% tax witholding required?
Replies: 6
Views: 770

Re: 20% tax witholding required?

All of the accounts from which I make withdrawals have optional withholding. So I choose to not withhold and invest the cash needed for taxes in a money fund for a few months.

Of course, if you don’t withhold it’s likely that you’ll need to pay estimated taxes quarterly.

YMMV.
by Stinky
Sun Dec 09, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Skipping last COBRA payment
Replies: 25
Views: 2524

Re: Skipping last cobra payment

I take a different position than many of the folks who have posted here. You're being given an option to receive insurance coverage and to pay in arrears. This gives you the chance to get one month of "free" coverage at the end of the period - you can pay for it if you need it, and not pay for it i...
by Stinky
Sun Dec 09, 2018 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Bob Brinker Retirement
Replies: 13
Views: 1875

Re: Bob Brinker Retirement

True Brinker hasn't had a good record on sell calls, but he's had a few "market attractive for purchase" calls that were very good. For this reason I'm still a subscriber to his newsletter. Is this reason enough, who knows but for me for now it works and that's enough for me to subscribe. It's migh...
by Stinky
Sun Dec 09, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Skipping last COBRA payment
Replies: 25
Views: 2524

Re: Skipping last cobra payment

I take a different position than many of the folks who have posted here. You're being given an option to receive insurance coverage and to pay in arrears. This gives you the chance to get one month of "free" coverage at the end of the period - you can pay for it if you need it, and not pay for it if...
by Stinky
Sun Dec 09, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Bob Brinker Retirement
Replies: 13
Views: 1875

Re: Bob Brinker Retirement

I am so sorry to see that Bob Brinker is no longer on the air. I have followed his advice for decades. Still get the Newsletter, but I have fears that he will stop publishing at some point. Then whose advice am I going to take on AA or when to buy or sell? Anybody else have these fears?? If you fol...
by Stinky
Sun Dec 09, 2018 9:43 am
Forum: Investing - Theory, News & General
Topic: Christine Benz next podcast guest
Replies: 14
Views: 1597

Re: Christine Benz next podcast guest

Congratulations on getting another high-quality podcast guest.
by Stinky
Sun Dec 09, 2018 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Any reason to keep this Annuity?
Replies: 4
Views: 318

Re: Any reason to keep this Annuity?

Sounds like this is an equity-indexed annuity. I wouldn't keep the current annuity, as the internal fees are pretty high, and will drag down your net returns as long as you keep it. Good that there are no surrender charges. Now, to the tax issue. To avoid the 10% early withdrawal tax penalty and def...
by Stinky
Fri Dec 07, 2018 7:08 pm
Forum: Personal Consumer Issues
Topic: Root Canal - dentist or endodontist
Replies: 47
Views: 3547

Re: Root Canal - dentist or endodontist

Kenkat wrote:
Fri Dec 07, 2018 6:56 pm
Team Endodontist here.
+1

My primary dentist is a very experienced guy who teaches at the local dental school. For my five root canals over the years, he’s always sent me to the Endo upstairs from him. The Endo does root canals all day - very fast, efficient, and capable.
by Stinky
Fri Dec 07, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Marriott data breach, what are you doing about it?
Replies: 11
Views: 1328

Re: Marriott data breach, what are you doing about it?

Nothing special to do beyond what I already do. Log into my checking, investment, and credit card accounts daily and post the transactions to my ledger, use annualcreditreport.com to get an update on me and my wife every two months (one report on each of us from each agency every years). Etc, etc. B...
by Stinky
Fri Dec 07, 2018 11:23 am
Forum: Investing - Theory, News & General
Topic: Where did you think we'd be today, ten years ago?
Replies: 38
Views: 2855

Re: Where did you think we'd be today, ten years ago?

In 2008, moat of my net worth was in my employers stock. It had dropped almost 90%, much more than the market. It was selling at two times the projected 2009 earnings. I was an insider, and was confident that my company would survive. So I actually bought more of my employers stock (of course, follo...
by Stinky
Sun Dec 02, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Charity donations if you itemize
Replies: 5
Views: 685

Re: Charity donations if you itemize

I just want to make sure that I am understanding itemized deductions correctly. Here are the total deductions I have: Mortgage Interest 21012.27 Property Tax 10000 Charitable Donation 10000 Total: 41012.27 Standard Deduction: 24000 Do I get to deduct an additional $17,012.27 over the $24,000 standa...
by Stinky
Sun Dec 02, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: Negotiating price on cosmetic surgery
Replies: 24
Views: 2310

Re: Negotiating price on cosmetic surgery

I really appreciate all of the feedback on my original question.

We’ll ask about price, but won’t be driven by it.
by Stinky
Fri Nov 30, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: To jump or stay in current company
Replies: 14
Views: 945

Re: To jump or stay in current company

Hi all, Thank you for all the answers and ideas. Answers to some of your questions below: - No one knows who will be selected, I'm assuming first round will be old timers, not there yet, etc. But I'm in the Support Functions that was mentioned to receive the brunt of the cuts. - I like my job, good...
by Stinky
Fri Nov 30, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: Negotiating price on cosmetic surgery
Replies: 24
Views: 2310

Re: Negotiating price on cosmetic surgery

Index24 wrote:
Fri Nov 30, 2018 2:54 pm
Not worth the infection risk. I wouldn't do it unless absolutely necessary.
Already tried that line. Along with “your natural beauty .. “. Etc, etc.

Will keep trying, but success in dissuading her is unlikely.
by Stinky
Fri Nov 30, 2018 3:04 pm
Forum: Personal Consumer Issues
Topic: Negotiating price on cosmetic surgery
Replies: 24
Views: 2310

Re: Negotiating price on cosmetic surgery

Duplicate post
by Stinky
Fri Nov 30, 2018 3:02 pm
Forum: Personal Consumer Issues
Topic: Negotiating price on cosmetic surgery
Replies: 24
Views: 2310

Re: Negotiating price on cosmetic surgery

One thing you need to consider is that if the Healthcare provider(s) (and procedure) are In-Network with the Insurance provider, they may have a contract rate that is lower or significantly higher. I recently paid for an elective surgery out of pocket, and was billed nearly twice as much after find...
by Stinky
Fri Nov 30, 2018 1:42 pm
Forum: Personal Consumer Issues
Topic: Negotiating price on cosmetic surgery
Replies: 24
Views: 2310

Negotiating price on cosmetic surgery

My wife is in the early stages of thinking about getting some minor cosmetic surgery. I don't know if the surgery would be outpatient or if there would be an overnight hospital stay. Our local Blue Cross seems to get tremendous discounts off "list price" for all kinds of medical services. For exampl...
by Stinky
Thu Nov 29, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: Remodeling - tipping?
Replies: 56
Views: 2744

Re: Remodeling - tipping?

Count me in to the thinking tipping isn't appropriate in this situation. However, I am one who regularly gives drinks and food to any contractors doing work for me while they are doing the work. Ditto. I acted as gc on a major rehab, I kept a mini fridge full of caffeinated beverages (soda and ener...
by Stinky
Thu Nov 29, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: How did YOU choose your career?
Replies: 149
Views: 8701

Re: How did YOU choose your career?

Actuary was my profession. I was always top of the high school class in math, but had no desire to be a math teacher. And didn't have the intelligence to be a PhD math person. Two actuaries came to my high school during my senior year, and introduced me to a field that used math in an insurance comp...
by Stinky
Thu Nov 29, 2018 12:03 pm
Forum: Investing - Theory, News & General
Topic: Bogle Sounds a Warning on Index Funds
Replies: 103
Views: 17964

Re: Bogle Sounds a Warning on Index Funds

Solutions to resolve the issues connected with the concentration of corporate ownership are not self-evident, but a number of tentative possibilities have already been advanced: • Timely and full public disclosure by index funds of their voting policies and public documentation of each engagement w...
by Stinky
Tue Nov 27, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Current Job with Pension vs. New Job with Great 401(k)
Replies: 6
Views: 592

Re: Advice Needed - Current Job with Pension vs. New Job with Great 401(k)

It's just hard to give up the "guarantee" even though (as noted above) I question what the company will do to the pension over the next 25 (or even 5) years. KT785 It's great that you have a DB plan now. They're more and more rare in private industry. Just because you have one now doesn't at all me...
by Stinky
Mon Nov 26, 2018 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Forgot to convert to backdoor roth
Replies: 11
Views: 1098

Re: Forgot to convert to backdoor roth

magicrat wrote:
Mon Nov 26, 2018 4:47 pm
A. No reason to have a ~$5 withholding.
Agreed. No reason to make preparation of your tax return even more complex with this trivial amount of withholding.
by Stinky
Mon Nov 26, 2018 5:53 pm
Forum: Personal Consumer Issues
Topic: Unsatisfactory Hotel Experience
Replies: 27
Views: 2933

Re: Unsatisfactory Hotel Experience

Follow up from the OP (me): After reading the comments here, I decided to call the manager can politely complain. She was very nice and offered 15,000 points. I said that I’d rather have one night refunded and she agreed. It was a very professional and even pleasant conversation and I feel that I g...
by Stinky
Sat Nov 24, 2018 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA [signing up for the first time]
Replies: 22
Views: 1147

Re: COBRA [signing up for the first time]

I retired on 9/28/18, went on Medicare immediately, and put my wife on COBRA until she is 65 next September. She’s paying about $700 per month for health insurance. I didn’t check Exchange policies, because we wanted to keep her with the same benefits she had when I was working. The only issue was t...
by Stinky
Sat Nov 24, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance questions.
Replies: 17
Views: 2096

Re: Inheritance questions.

I'm sorry for your loss. You'll need to get a handle on their financial affairs, both what they own and what they owe. Hopefully, they left a written inventory of assets and liabilities, but probably not. Assuming that they didn't leave an inventory, you'll need to monitor the mail. You mention that...
by Stinky
Sat Nov 24, 2018 6:10 am
Forum: Personal Finance (Not Investing)
Topic: What financial information do you share with your family and relatives?
Replies: 112
Views: 9704

Re: What financial information do you share with your family and relatives?

We give our adult kids our updated financial information every year. It's on a list and includes financial institutions, account numbers, amounts, insurance information including long term care, social security benefits, etc. They also have a copy of my and my wife's will. We don't want them to hav...
by Stinky
Fri Nov 23, 2018 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: What financial information do you share with your family and relatives?
Replies: 112
Views: 9704

Re: What financial information do you share with your family and relatives?

We give our adult kids our updated financial information every year. It's on a list and includes financial institutions, account numbers, amounts, insurance information including long term care, social security benefits, etc. They also have a copy of my and my wife's will. We don't want them to hav...
by Stinky
Tue Nov 20, 2018 10:15 pm
Forum: Investing - Theory, News & General
Topic: What's in your Investor Policy Statement about Bear Markets?
Replies: 52
Views: 3495

Re: What's in your Investor Policy Statement about Bear Markets?

oldcomputerguy wrote:
Tue Nov 20, 2018 6:46 pm
What actions do you take when markets are down?
Rebalance.
Absolutely correct.
by Stinky
Tue Nov 20, 2018 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Genworth LTC Insurance Viability
Replies: 7
Views: 825

Re: Genworth LTC Insurance Viability

2. What happens to my LTC insurance if the Chinese company fails financially? Is there any insurance "backstop" for current policyholders? What role or protection is available from the Virginia State Corporation Commission in the event the Chinese company defaults? The Chinese company is proposing ...
by Stinky
Tue Nov 20, 2018 9:36 pm
Forum: Personal Consumer Issues
Topic: Too many choices for my next TRUCK
Replies: 99
Views: 7451

Re: Too many choices for my next TRUCK

Ford all the way. I bought a 2007 F250 new. Never had a mechanical problem. Unfortunately, some texting airhead ran a stop sign and I hit her. My truck was totaled - just over the threshold. (Her Mazda 323 was destroyed - glad nobody was in the passenger seat) Just bought a 2018 F150. Love it so far.
by Stinky
Tue Nov 20, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: 3year myga (fixed annuity) rates
Replies: 4
Views: 494

Re: 3year myga (fixed annuity) rates

pablolo wrote:
Sun Nov 18, 2018 8:34 am
Does anybody know who offers the highest 3 year fixed annuity rates right now?
I expect that very few folks on this board are actively following MYGA rates.

There's not a lot of love for fixed annuities with this crowd . . . . .
by Stinky
Tue Nov 20, 2018 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 55
Views: 5123

Re: Northwestern Mutual nightmare - help needed

Update - cut ties with my advisor today officially! Anyway, I have learned a lot and continue to thanks to this forum and other wise people on the internet. I didn't even know what an expense ratio was before a month ago. Congratulations on cutting the cord with the advisor, and on all that you've ...
by Stinky
Tue Nov 20, 2018 4:49 pm
Forum: Investing - Theory, News & General
Topic: GE bonds
Replies: 19
Views: 1793

Re: GE bonds

Not really a question, more just a shocking observation. GE curve has flattened so much that even front end March 2020 bonds are yielding north of 6%. I don’t invest in individual securities, but wow. Mr. Market must be looking at GE as a "junk" credit. Even if the rating agencies haven't gotten to...
by Stinky
Tue Nov 20, 2018 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Annual 401k notice for unknown account
Replies: 2
Views: 366

Re: Annual 401k notice for unknown account

You should contact the plan administrator for that account and ask for a current statement. Maybe they will tell you it is a zero balance and as a past participant he was not removed from this administrative corner of their record keeping. Hopefully they can back that up with some record of the tra...
by Stinky
Fri Nov 16, 2018 11:18 am
Forum: Personal Consumer Issues
Topic: One food I could never give up
Replies: 33
Views: 1812

Re: One food I could never give up

tennisplyr wrote:
Fri Nov 16, 2018 11:05 am
Finish this sentence: "The one food I could never give up is..."
Raisins. Excellent in cookies, oatmeal, and just for snacking. My mother’s Thanksgiving stuffing always had raisins.

My rule these days on raisins is to double whatever the recipe calls for.
by Stinky
Fri Nov 16, 2018 8:49 am
Forum: Investing - Theory, News & General
Topic: Annuities
Replies: 26
Views: 3069

Re: Annuities

If your health is average or better, I’d consider a SPIA. The best rates that I’ve found on SPIAs are through Vanguard. However, if health is below average, roll to IRA. Or take a “cash refund” or “period certain” option with SPIA. Even in poor health, getting a cash refund SPIA allows for higher s...
by Stinky
Thu Nov 15, 2018 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 55
Views: 5123

Re: Northwestern Mutual nightmare - help needed

I do feel so swindled. In the long term getting burned for a few thousands dollars may have been one of the best financial things that will ever happened to you since it will motivate you to invest better in the future. Think it it as being sort of like you sometimes feel crummy the day after you g...