Search found 452 matches

by BarbBrooklyn
Wed Nov 06, 2019 10:20 am
Forum: Personal Consumer Issues
Topic: Women wearing black to a wedding?
Replies: 56
Views: 4361

Re: Women wearing black to a wedding?

Depends very much on where you are and the culture of the bride/groom and family/friends. An evening event in NYC area, many women will be wearing black. A 1pm wedding in the South, less likely. This!!! Very much a regional thing. I live in NYC and wear black to weddings all the time. Including my ...
by BarbBrooklyn
Wed Nov 06, 2019 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 13460

Re: Finances in NYC

Come to NYC. It's a place like no other.

If you love theater, join TDF (Theater Development Fund). Best entertainment value there is, aside from the cheap ethnic food.
by BarbBrooklyn
Sat Nov 02, 2019 9:20 pm
Forum: Personal Consumer Issues
Topic: Cruises, where to book?
Replies: 17
Views: 1663

Re: Cruises, where to book?

Use the search function on “Cruise Critic” (cruisecritic.com) and see what the options are through a number of booking sites. Cruise Critic search function is kind of like Kayak or Trivago for cruises... [edit] We are frequent cruisers and even when I think we have a great deal I always double-chec...
by BarbBrooklyn
Sat Nov 02, 2019 8:24 pm
Forum: Personal Consumer Issues
Topic: Cruises, where to book?
Replies: 17
Views: 1663

Cruises, where to book?

I've searched the forums and not come up with a good answer. I want to book a fairly expensive (for us) cruise: NCL, 20 days from Rome to Abu Dhabi; trying to figure out if I do this through Costco or NCL directly. Costco is offering me several "free" offers (unlimited alcohol and upgraded dining op...
by BarbBrooklyn
Thu Oct 31, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Personal Financial Statement Template? Meeting with Advisor...
Replies: 29
Views: 1963

Re: Personal Financial Statement Template? Meeting with Advisor...

Check out the format that we use here to help people with their portfolios (link at bottom of this message). You would need to add information about life insurance, etc. However....I suspect this one on one session is not as innocent as it seems. It sounds like an opportunity for a salesperson to s...
by BarbBrooklyn
Sat Oct 26, 2019 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11543

Re: Ok to go without health insurance?

I guess I've just never been able to trust insurance companies not to deny coverage, especially going forward.
by BarbBrooklyn
Sat Oct 26, 2019 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11543

Re: Ok to go without health insurance?

IMHO, we are all one day away from the dx of a minor child with a lifelong condition requiring infusions costing several hundred thousands of dollars per month. This is the situation that my best friend is in; her daughter is now 40 years old and thanks to the ACA has decent medical insurance. Her p...
by BarbBrooklyn
Wed Oct 23, 2019 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Getting an abnormally large paycheck - do I need to do anything tax withholding wise?
Replies: 15
Views: 1975

Re: Getting an abnormally large paycheck - do I need to do anything tax withholding wise?

Do you max your tax deferred accounts? I often dealt with checks that had retro/overtime payments by directing most of it into my 403b and 457, thus investing more before year's end.
by BarbBrooklyn
Wed Oct 23, 2019 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Getting an abnormally large paycheck - do I need to do anything tax withholding wise?
Replies: 15
Views: 1975

Re: Getting an abnormally large paycheck - do I need to do anything tax withholding wise?

Do you max your tax deferred accounts? I often dealt with checks that had retro/overtime payments by directing most of it into my 403b and 457, thus investing more before year's end.
by BarbBrooklyn
Tue Oct 22, 2019 1:51 pm
Forum: Personal Investments
Topic: Best way to save for kids and protect from creditors
Replies: 10
Views: 1406

Re: Best way to save for kids and protect from creditors

Have you exhausted appeals on the lab test? Who ordered it? Did you sign as responsible if not covered?
by BarbBrooklyn
Fri Oct 18, 2019 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: sibling and revocable living trust
Replies: 15
Views: 1612

Re: sibling and revocable living trust

Also, you might want to check out www.Agingcare.com. Good caregiver website.
by BarbBrooklyn
Fri Oct 18, 2019 10:34 am
Forum: Personal Finance (Not Investing)
Topic: sibling and revocable living trust
Replies: 15
Views: 1612

Re: sibling and revocable living trust

You can start with the local ( his area) Area Agency on Aging. Every county in the US has one. You can request a "needs assessment". Someone will go out to his home and assess the situation; it's usually better if someone else is there to confirm information. Are you in touch with his neighbors? His...
by BarbBrooklyn
Thu Oct 17, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 141
Views: 10293

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

I would say just buy the best house you could afford in an area where you can see yourself staying for the next decade or so. If it is so expensive that you might shed a tear or two when the mortgage payment is due, rent instead! The question is what can a person afford? What one can afford, at lea...
by BarbBrooklyn
Tue Oct 15, 2019 3:27 pm
Forum: Personal Investments
Topic: A friend was offered an annuity by Chase
Replies: 31
Views: 2456

Re: A friend was offered an annuity by Chase

Is he currently on Community Medicaid?

He wants to check if an annuity of any kind would knock him off their eligibility rolls.

Also, will this be income for this tax year?
by BarbBrooklyn
Tue Oct 15, 2019 2:24 pm
Forum: Personal Investments
Topic: A friend was offered an annuity by Chase
Replies: 31
Views: 2456

Re: A friend was offered an annuity by Chase

The only "not terrible" annuity is a SPIA. Make sure that he (and you) understand that anything else is going to be gobbledygook and a ripoff. Here's an SPIA calculator from Schwab: https://www.schwab.com/public/schwab/investing/accounts_products/investment/annuities/income_annuity/fixed_income_annu...
by BarbBrooklyn
Tue Oct 15, 2019 2:06 pm
Forum: Personal Investments
Topic: A friend was offered an annuity by Chase
Replies: 31
Views: 2456

Re: A friend was offered an annuity by Chase

So, I Googled "SPIA at age 70" and came up with an article from White Coat Investor. https://www.whitecoatinvestor.com/spia-the-good-annuity/ You can take a look at it, print out the chart for him. A SPIA might be a good deal for him since it is a guaranteed return. If he has longevity in his family...
by BarbBrooklyn
Sun Oct 13, 2019 2:41 pm
Forum: Personal Investments
Topic: How to Invest in Friends Private Business
Replies: 19
Views: 1179

Re: How to Invest in Friends Private Business

WHAT??? Run. Really. Please.
by BarbBrooklyn
Sun Oct 13, 2019 11:36 am
Forum: Personal Investments
Topic: Newly widowed MIL requests help w/ finances and annuities
Replies: 20
Views: 1659

Re: Newly widowed MIL requests help w/ finances and annuities

Something that hasn't been asked yet...what will happen if she runs out of money to pay CCRC monthly fees? Is this a community with a "buy-in" and no worries if you go broke? Or is it simply month to month and you have to leave if you need to go on Medicaid? Has she appointed a trusted family member...
by BarbBrooklyn
Mon Oct 07, 2019 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! Parents have $0 for retirement - how can I keep them afloat??
Replies: 49
Views: 8471

Re: HELP! Parents have $0 for retirement - how can I keep them afloat??

Nafreed, I'm so glad you posted back. You clearly have taken the BH way to heart and in part, that seems to be a reaction to your parents' lack of thoughtful financial planning. You shouldn't turn a blind eye, but neither should you let your parents lack of planning derail your financial health. If ...
by BarbBrooklyn
Mon Oct 07, 2019 4:49 pm
Forum: Personal Consumer Issues
Topic: New Car vs Fixing old car
Replies: 11
Views: 1001

Re: New Car vs Fixing old car

How many miles?

What was the cause of the engine blow?

Are you aware of this?:

https://repairpal.com/cooling-system-pr ... ailure-145#

Given that 2012 and later cars have many additional safety features, I'm inclined to say go for a "new to you" car with low mileage.
by BarbBrooklyn
Mon Oct 07, 2019 12:58 am
Forum: Personal Investments
Topic: Advice on asset allocations
Replies: 13
Views: 1751

Re: Advice on asset allocations

Hi and welcome!

Others will be along with advice, but I want to ask if your wife has access to any tax deferred plan.

Think about a California Tax exempt bond fund for your taxable account, perhaps.
by BarbBrooklyn
Sun Oct 06, 2019 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! Parents have $0 for retirement - how can I keep them afloat??
Replies: 49
Views: 8471

Re: HELP! Parents have $0 for retirement - how can I keep them afloat??

Delamer, my apologies. I was replying to someone's suggestion that the apartment be placed in a family trust. That wasn't you. I will edit. Again, I'm sorry.
by BarbBrooklyn
Sun Oct 06, 2019 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Psychologically adverse to start drawing down in retirement
Replies: 82
Views: 8171

Re: Psychologically adverse to start drawing down in retirement

If you have a taxable account, you should discontinue any reinvestments of distributions. Having such distributions sent to your checking account (or MM fund) will provide some "painless" withdrawals for living expenses. +1 When I retired, I changed the dividends and capital gains distributions of ...
by BarbBrooklyn
Sun Oct 06, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! Parents have $0 for retirement - how can I keep them afloat??
Replies: 49
Views: 8471

Re: HELP! Parents have $0 for retirement - how can I keep them afloat??

####"I would consider a family Trust if the Cooperative allows for transfer of Real Estate into one, it will cost money, I'd know of one which charges $2500 for this to occur. Having a trust would make it easier than a will the former would avoid probate."#### The apartment is the Aunt's asset. Pres...
by BarbBrooklyn
Sun Oct 06, 2019 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! Parents have $0 for retirement - how can I keep them afloat??
Replies: 49
Views: 8471

Re: HELP! Parents have $0 for retirement - how can I keep them afloat??

Many states, mine included, have filial responsibility laws. I just Googled it, more than half of the states (28) have filial responsibility laws, NY is not one of them. https://en.m.wikipedia.org/wiki/Filial_responsibility_laws It seems that the line oft seen here on Bogleheads, "Your parents' fin...
by BarbBrooklyn
Sun Oct 06, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: HELP! Parents have $0 for retirement - how can I keep them afloat??
Replies: 49
Views: 8471

Re: HELP! Parents have $0 for retirement - how can I keep them afloat??

Nate79 wrote:
Sun Oct 06, 2019 7:20 am
Sounds like they need to get a job.
They are chronically ill.

This from the OP, 12 or so years ago: "I am extremely neurotic about my finances because I must achieve comfortability after witnessing my parents' drastic financial planning."

Perhaps he means disastrous?
by BarbBrooklyn
Sun Oct 06, 2019 6:53 am
Forum: Personal Finance (Not Investing)
Topic: HELP! Parents have $0 for retirement - how can I keep them afloat??
Replies: 49
Views: 8471

Re: HELP! Parents have $0 for retirement - how can I keep them afloat??

The point I was making about the OP's responsibility to his parents was to emphasize that his seemingly panicky, ill-conceived thoughts regarding a property he hasn't inherited yet were getting in the way of making a plan to actually HELP his parents. Impoverishing oneself to give money to parents w...
by BarbBrooklyn
Sun Oct 06, 2019 12:56 am
Forum: Personal Finance (Not Investing)
Topic: HELP! Parents have $0 for retirement - how can I keep them afloat??
Replies: 49
Views: 8471

Re: HELP! Parents have $0 for retirement - how can I keep them afloat??

You seem to be conflating several issues. Your parents are chronically ill and have no assets saved. Are they working? Are they collecting Social Security? SSI, or SSDI? Are they on Medicaid? Do they live in NYC? Do they own or rent? Frankly, your parents' financial well-being is not your responsibi...
by BarbBrooklyn
Sat Oct 05, 2019 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: medicaid and asset management for alzheimer's
Replies: 7
Views: 594

Re: medicaid and asset management for alzheimer's

Moto, not without consulting a lawyer. It is probably still deemed a gift by Medicaid. I would proceed with caution.
by BarbBrooklyn
Sat Oct 05, 2019 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: medicaid and asset management for alzheimer's
Replies: 7
Views: 594

Re: medicaid and asset management for alzheimer's

Helpful link from Nolo about the basics: https://www.nolo.com/legal-encyclopedia/when-medicaid-new-york-will-pay-assisted-living-home-health-care.html This does NOT replace the visit to an eldercare attorney. The Nolo site will give your friend a framework from which to base his questions. I also hi...
by BarbBrooklyn
Sat Oct 05, 2019 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: medicaid and asset management for alzheimer's
Replies: 7
Views: 594

Re: medicaid and asset management for alzheimer's

The very best advice you can give them is to have them spend some money on seeing a certified eldercare attorney in their state. As noted in other posts, Medicaid law is very state specific. Also, there is a difference in most states between Community Medicaid eligibility and NH medicaid. The fact t...
by BarbBrooklyn
Fri Oct 04, 2019 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: [Deduct home health care expenses using LLC?]
Replies: 11
Views: 859

Re: [Deduct home health care expenses using LLC?]

Thank G-d!!! She needs a good attorney.
by BarbBrooklyn
Fri Oct 04, 2019 10:05 am
Forum: Personal Finance (Not Investing)
Topic: [Deduct home health care expenses using LLC?]
Replies: 11
Views: 859

Re: Scam?

Or maybe what he is saying is that wife should become an LLC and thus get paid for her services? Which would then be deductible?
by BarbBrooklyn
Fri Oct 04, 2019 8:48 am
Forum: Personal Finance (Not Investing)
Topic: [Deduct home health care expenses using LLC?]
Replies: 11
Views: 859

Re: Scam?

She needs to see a certified Eldercare attorney who is well versed in Medicaid, not a financial advisor. Florida is one of 2 states that has rights of spousal refusal. She needs to see a lawyer because she needs to figure out asap how she is going to pay for memory care or a nursing home if their as...
by BarbBrooklyn
Fri Oct 04, 2019 12:55 am
Forum: Personal Investments
Topic: 75 year old widow (my mom) retirement portfolio suggestions, RMD's - 2.35M assets
Replies: 25
Views: 2128

Re: 75 year old widow (my mom) retirement portfolio suggestions, RMD's - 2.35M assets

Was your mom or dad a participant in the NYC Deferred Compensation Plan ( a different entity than NYC TRS)? If yes, you can sign up to meet with one of their salaried CFPs and make a financial plan that best suits mom's need. MUCH better than the salesmen she will encounter at RJ. I would actively d...
by BarbBrooklyn
Fri Oct 04, 2019 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Accurate long-term disability statistics
Replies: 14
Views: 1000

Re: Accurate long-term disability statistics

When I got divorced in my 40s and took on my own financial well-being, I read a comprehensive "how to" book, probably one of Andrew Tobias'. He stated categorically that if you are responsible for your own and other's financial well being, you must have long term disability insurance. To make it aff...
by BarbBrooklyn
Thu Oct 03, 2019 6:31 pm
Forum: Personal Investments
Topic: CD ladder: one a week?
Replies: 8
Views: 899

Re: CD ladder: one a week?

Oy, toasters! When my mom passed away, she had 38 separate CDs at 17 different banks. My poor brother, the executor! And all of the toasters and blenders were on the attic. I'm trying not to go there. So I've been doing 10k CDs and T Bill's for the past year. They are now maturing each month. I'm pl...
by BarbBrooklyn
Thu Oct 03, 2019 6:24 pm
Forum: Personal Consumer Issues
Topic: BH choice for car service from LGA and to EWR
Replies: 12
Views: 459

Re: Boglehead choice for car service in NYC

You've got some good suggestions for LGA. EWR is a bit tougher; consider changing the title of post to include EWR.
by BarbBrooklyn
Thu Oct 03, 2019 6:11 pm
Forum: Personal Consumer Issues
Topic: BH choice for car service from LGA and to EWR
Replies: 12
Views: 459

Re: Boglehead choice for car service in NYC

How many passengers? Taxi services from NYC airports are regulated. You are not going to get ripped off if you join the taxi queue at JFK/LGA. There are less expensive bus alternatives if that's what you are looking to do.
by BarbBrooklyn
Thu Oct 03, 2019 6:09 pm
Forum: Personal Investments
Topic: CD ladder: one a week?
Replies: 8
Views: 899

CD ladder: one a week?

Any opinions about laddering CDs on a weekly basis, given what seems like an uncertain interest rate climate?

Would it be completely crazy to open a 1-2k CD each week for a one year term and end up potenetionally with 52 CDs?
by BarbBrooklyn
Mon Sep 30, 2019 2:28 am
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 20098

Re: financially clueless senior MIL who thinks she’s rich

The "in denial that he could be sick" is yet another red flag for cognitive decline.

As noted above, a bullet-pointed letter to her doctor seems in order at this point.
by BarbBrooklyn
Sun Sep 29, 2019 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Help me prepare to help mother-in-law
Replies: 53
Views: 4726

Re: Help me prepare to help mother-in-law

I'm stuck on the car.

Because it what universe does a $440 per month car payment (and whatever the attendant insurance? 300 per month?) make any sense to her?

Is she intellectually limited in some way, or developing some cognitive issues?

Has she always spent more than she earns or is this recent?
by BarbBrooklyn
Sun Sep 29, 2019 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Help me prepare to help mother-in-law
Replies: 53
Views: 4726

Re: Help me prepare to help mother-in-law

28K car loan? What kind of car does she have?

A Honda Fit costs about 20k, fully loaded. She is way, WAY overspending. How is that going to stop?
by BarbBrooklyn
Sun Sep 29, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Are banks required to freeze accounts when notified of account holder's death
Replies: 33
Views: 3730

Re: Are banks required to freeze accounts when notified of account holder's death

c1over8 wrote:
Sat Sep 28, 2019 8:55 pm
BarbBrooklyn wrote:
Sat Sep 28, 2019 8:50 pm
It's an FDIC reg, I believe.
If anyone has a citation, I would appreciate it.
I'm sorry, but I'm not finding it. It may differ according to state, i.e., not FDIC but state banking commission.
by BarbBrooklyn
Fri Sep 27, 2019 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 20098

Re: financially clueless senior MIL who thinks she’s rich

An eldercare attorney needs to be consulted; should be someone certified and very familiar with Medicaid regs in the state you will be dealing with. Yes, their ads may tout "shielding asserts from Medicaid" but a good one will also have a social worker on staff who knows local facilities and their r...
by BarbBrooklyn
Fri Sep 27, 2019 3:50 pm
Forum: Personal Consumer Issues
Topic: Where to live in NYC?[Updated with more details]
Replies: 17
Views: 1721

Re: Where to live in NYC?

There ARE some pockets of excellence there. But I agree, Bay Ridge is a safer bet. District 20 is not perfect, but it's a cut above.
by BarbBrooklyn
Fri Sep 27, 2019 3:27 pm
Forum: Personal Consumer Issues
Topic: Where to live in NYC?[Updated with more details]
Replies: 17
Views: 1721

Re: Where to live in NYC?

Bay Ridge is probably your best bet at that price point. Woodside and Sunnyside in Queens might be worth a look as well.

Are you looking to find something before you move or will you be staying somewhere temporarily while you look?

Are you wanting to live IN the city or do you prefer the suburbs?
by BarbBrooklyn
Fri Sep 27, 2019 2:40 am
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 20098

Re: financially clueless senior MIL who thinks she’s rich

Do you know where her belief that Medicare will take care of her comes from? Can you print off some information from AARP or SS.gov that says otherwise? I think it's great that she wants to sell the house and move into a place with some level of support. Frame your offers of help with this endeavor ...