Search found 89 matches

by lgb
Mon Nov 02, 2020 9:47 pm
Forum: Personal Consumer Issues
Topic: Home Printer/Scanner
Replies: 33
Views: 1580

Re: Home Printer/Scanner

Agree on the recommendation of the ScanSnap (ix500 have used for years now - just sits there and works), if you're doing a lot of documents that you need to dump to your laptop or PC or out on the Cloud somewhere. The talk above of the iPhone and Android phone scanning apps are something I've not us...
by lgb
Fri Oct 30, 2020 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: obamacare / ACA Individual Plan Premiums for 2021
Replies: 62
Views: 4192

Re: obamacare / ACA Individual Plan Premiums for 2021

$1755/month is $440 per person. The reason nobody is selling private insurance in your area is probably because they can’t sell it that cheap. I doubt you’d be able to get a small group plan for that cheap, either. The last employer based group plan I was in, in a group where 80% of the employees w...
by lgb
Fri Oct 30, 2020 11:39 am
Forum: Personal Finance (Not Investing)
Topic: obamacare / ACA Individual Plan Premiums for 2021
Replies: 62
Views: 4192

obamacare / ACA Individual Plan Premiums for 2021

Just curious - anyone else have significant monthly premium increases for 2021 where you have an 'Individual' plan covering a family of 4 (yourself, spouse and 2 children)" Our has increased to: $1,200 per month in 2019 ($14,400 per year) $1,455 per month in 2020 ($17,460 per year) $1,755 per m...
by lgb
Wed Oct 21, 2020 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Personal capital: Retirement plan review and $100
Replies: 8
Views: 1040

Re: Personal capital: Retirement plan review and $100

They may call occasionally, mainly as they have sales people churn so you just end up on their list to call as you're an easy lead for them (since you've signed in/created an account for free - you had 'interest' so they can practice with you potentially on converting to a sale etc..).... I've been ...
by lgb
Thu Oct 15, 2020 12:57 am
Forum: Personal Investments
Topic: Too cash heavy, but do not know how to begin - please help :)
Replies: 35
Views: 4926

Re: Too cash heavy, but do not know how to begin - please help :)

If you pay off your house (keeping what you need for a 6 month emergency fund and using your excess and substantial bonuses to get you to the whole amount to not just kind of get to the finish line with that, but to actually win the race and cross the finish line and kill off the mortgage), you may ...
by lgb
Wed Oct 07, 2020 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Best Course of Action for getting out of Debt?
Replies: 57
Views: 3938

Re: Best Course of Action for getting out of Debt?

So I read up on the debt snowball, and I disagree. I would pay off the highest interest rate loan first, while making minimum payments on the other debts, then repeat. I would disagree with you. That was the first thing I thought when I saw that Snowball plan, thinking what a dumb dumb, clearly he ...
by lgb
Mon Aug 24, 2020 10:29 pm
Forum: Personal Investments
Topic: Knowing how much you own of a single stock in various mutual funds?
Replies: 12
Views: 913

Re: Knowing how much you own of a single stock in various mutual funds?

Morningstar x-ray does this wonderfully in a tab called “ stock intersection” Excellent! - This is 'exactly' what I was looking for and is indeed a great visual to see across multiple Mutual Funds you might be invested in - what percentage is going to which individual stocks across multiple Funds a...
by lgb
Mon Aug 24, 2020 10:34 am
Forum: Personal Investments
Topic: Knowing how much you own of a single stock in various mutual funds?
Replies: 12
Views: 913

Re: Knowing how much you own of a single stock in various mutual funds?

Personal Capital has such a feature if you're willing to log in with all your accounts. I've used this before to aggregate my portfolio, but not actually have it 'linked' to actual account numbers...just manually inputted the holdings. It does a great job of giving you an overall visual of your Cas...
by lgb
Mon Aug 24, 2020 10:28 am
Forum: Personal Investments
Topic: Knowing how much you own of a single stock in various mutual funds?
Replies: 12
Views: 913

Re: Knowing how much you own of a single stock in various mutual funds?

that's exactly why I'm bringing it up... you see an individual stock increase wildly and it would just be interesting across your portfolio to loosely now 'I've got like X shares of that actually'.... (you didn't really miss out, which I know inherently is the purpose of the Mutual Fund, but it is n...
by lgb
Mon Aug 24, 2020 10:03 am
Forum: Personal Investments
Topic: Knowing how much you own of a single stock in various mutual funds?
Replies: 12
Views: 913

Re: Knowing how much you own of a single stock in various mutual funds?

Ah ok - so each mutual fund might have some sort of thing like what you linked to. There isn't like an aggregator website source like Morningstar or something else. You can't pull up your Mutual Fund - example PRGIX TRowe Growth and Income and go "well, I suspect this owns shares of Apple (not ...
by lgb
Mon Aug 24, 2020 9:42 am
Forum: Personal Investments
Topic: Knowing how much you own of a single stock in various mutual funds?
Replies: 12
Views: 913

Knowing how much you own of a single stock in various mutual funds?

Just curious - is there some sort of website or way to know how much of an individual stock you might own of say Tesla or Apple or fill in the blank stock - across your portfolio, if you're invested in multiple mutual funds, where those funds potentially own certain amounts of investment in those sa...
by lgb
Thu Aug 13, 2020 8:31 pm
Forum: Personal Investments
Topic: Anyone using crypto exchanges to earn higher interest on their cash?
Replies: 90
Views: 7898

Re: Anyone using crypto exchanges to earn higher interest on their cash?

Well it’s certainly an interesting topic to me; and this thread has produced a few new aspects of it to consider and investigate. The naysaying isn’t particularly helpful - the “if it’s too good to be true” comments don’t add anything. The most striking thing to me about the comments here is that i...
by lgb
Thu Jun 25, 2020 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Estate question re: bank accounts
Replies: 20
Views: 1704

Re: Estate question re: bank accounts

I strongly recommend you go to the Library or possibly even purchase used or new - The Executors Guide - Settling a Loved One's Estate or Trust. I believe it is tied to the website www.nolo.com. It is just a very well laid out book covering quite comprehensively steps, common and complex issues and ...
by lgb
Sun Jun 21, 2020 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Any benefit to linking your Brokerage account to your Local Bank account?
Replies: 15
Views: 1245

Re: Any benefit to linking your Brokerage account to your Local Bank account?

Interesting - I guess in our case, the local bank is housing the emergency fund of 100K which I'd like more to go over into the brokerage account to make some more while just basically sitting there year after year, but the spouse likes the local bank to house that...whereas the Brokerage account on...
by lgb
Sun Jun 21, 2020 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Any benefit to linking your Brokerage account to your Local Bank account?
Replies: 15
Views: 1245

Re: Any benefit to linking your Brokerage account to your Local Bank account?

ACH is or is like a EFT (Electronics Funds Transfer) yes? ...and takes a couple/few days and may not incur a fee depending upon your local bank or if the other direction the investment custodian? It seems like there could be benefit to having both the local bank and the investment custodian to each ...
by lgb
Fri Jun 19, 2020 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Any benefit to linking your Brokerage account to your Local Bank account?
Replies: 15
Views: 1245

Any benefit to linking your Brokerage account to your Local Bank account?

I had setup a Brokerage account with one of the large places, and we linked our local bank account to it as part of setting that up, and I noticed today that our local bank account has an option to link a 3rd party account to it, one of the options being a Brokerage account. With one of the options ...
by lgb
Thu Jun 18, 2020 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card/Debit Card for college student
Replies: 25
Views: 863

Re: Credit Card/Debit Card for college student

My high-school match teacher (1968-ish) taught how to write checks and operate a checking account. Certainly using a credit card is a part of financial literacy today. I'm old enough to remember when banks first started to issue revolving credit cards. I urge you to make a realistic assessment of h...
by lgb
Thu Jun 18, 2020 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card/Debit Card for college student
Replies: 25
Views: 863

Re: Credit Card/Debit Card for college student

I had our kids become authorized user's on our credit cards when they got their driver's licenses. It made it easier for them to go out and buy take-out food or pick up a few groceries for the family and just "Charge it to the house". They weren't allowed to use the card for purchases wit...
by lgb
Thu Jun 18, 2020 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card/Debit Card for college student
Replies: 25
Views: 863

Credit Card/Debit Card for college student

We have an incoming freshman going into college. Works and mainly uses cash for purchases today and uses Debit card to get cash from ATM. Recently signed up for Paypal account linked to local Bank Debit card (checking account) to pay for online transactions. Which spouse and I felt a bit safer than ...
by lgb
Wed Jun 17, 2020 3:03 pm
Forum: Personal Investments
Topic: $1.6M in traditional, $700K in Roth: How much to convert to Roth?
Replies: 84
Views: 7605

Re: $1.6M in traditional, $700K in Roth: How much to convert to Roth?

Can anyone explain concisely and briefly what I just read above and what we're trying to accomplish? I've now heard this twice in discussions with other people that are closer to retirement than myself (I'm in 40's) - where they said their 'financial person' was suggesting they move as much of thei...
by lgb
Wed Jun 17, 2020 7:21 am
Forum: Personal Investments
Topic: $1.6M in traditional, $700K in Roth: How much to convert to Roth?
Replies: 84
Views: 7605

Re: $1.6M in traditional, $700K in Roth: How much to convert to Roth?

Can anyone explain concisely and briefly what I just read above and what we're trying to accomplish? I've now heard this twice in discussions with other people that are closer to retirement than myself (I'm in 40's) - where they said their 'financial person' was suggesting they move as much of their...
by lgb
Tue Jun 16, 2020 10:49 pm
Forum: Personal Investments
Topic: What to invest in to make 3 or 4 percent?
Replies: 23
Views: 2623

Re: What to invest in to make 3 or 4 percent?

Pay off the mortgage if you still have one. Guarantee 3% return. And the freedom that you feel...priceless :D We have paid off the mortgage early about a year ago now, 15 years early - and we don't regret it at all. Realize quite clearly now that a house is 'kind of' an investment, but is actually ...
by lgb
Tue Jun 16, 2020 8:01 am
Forum: Personal Investments
Topic: What to invest in to make 3 or 4 percent?
Replies: 23
Views: 2623

What to invest in to make 3 or 4 percent?

Since Bank Savings and No Penalty CD's and Money Market Fund type accounts from the big brokerage houses are at .50% to 1.3%... (mid June 2020) I have some new money via Inheritance (in a Roth 5K, IRA 150K and a Taxable brokerage account 35K) that is presently mostly in the big brokerage house Money...
by lgb
Thu May 07, 2020 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 369
Views: 27216

Re: Optimizing PPP Forgiveness

I heard on an accounting forum that SBA plans to issue more loans forgiveness guidance on May 15. But that date is just another internet rumor at this point. :) May 15 will be late in the game for many PPP recipients to make major changes, as they will be 4 weeks or more into the process. But maybe...
by lgb
Tue May 05, 2020 3:18 pm
Forum: Personal Investments
Topic: What to put inherited money into?
Replies: 16
Views: 1085

Re: What to put inherited money into?

The spouse who actually inherited needs to determine if they want to commingle it with joint assets or keep it separate. Others have mentioned such things, but I feel like if you're doing that you're basically predicting your future divorce, or once stated out loud that it is a thought you'd be ass...
by lgb
Tue May 05, 2020 3:15 pm
Forum: Personal Investments
Topic: What to put inherited money into?
Replies: 16
Views: 1085

Re: What to put inherited money into?

lgb, If the holdings are with a good brokerage like Vanguard or Fidelity, I might leave them. Some brokerages, banks, or other types of companies are making big profits off of your holdings. These companies will delay transfers as long as possible. I would get the accounts under my control quickly....
by lgb
Tue May 05, 2020 2:08 pm
Forum: Personal Investments
Topic: What to put inherited money into?
Replies: 16
Views: 1085

Re: What to put inherited money into?

It looks like you have plenty of cash on hand, so I would just invest the inherited ira like it is part of your aa for retirement. First thing you want to do is get it away from the custodian who is most likely charging huge fees. I agree - they were in managed accounts with 1 of the larger 3 custo...
by lgb
Tue May 05, 2020 12:53 pm
Forum: Personal Investments
Topic: What to put inherited money into?
Replies: 16
Views: 1085

Re: What to put inherited money into?

If you are not filling up your retirement accounts to the max, then use this money to pay for living expenses and put more of your income into you and your spouse's retirement accounts. If your income is $100k then Roth IRA is a nice option for both your and your spouse, as you'd be in lower tax br...
by lgb
Tue May 05, 2020 11:41 am
Forum: Personal Investments
Topic: What to put inherited money into?
Replies: 16
Views: 1085

Re: What to put inherited money into?

The spouse who actually inherited needs to determine if they want to commingle it with joint assets or keep it separate. Others have mentioned such things, but I feel like if you're doing that you're basically predicting your future divorce, or once stated out loud that it is a thought you'd be ass...
by lgb
Tue May 05, 2020 11:23 am
Forum: Personal Investments
Topic: What to put inherited money into?
Replies: 16
Views: 1085

Re: What to put inherited money into?

If you are not filling up your retirement accounts to the max, then use this money to pay for living expenses and put more of your income into you and your spouse's retirement accounts. If your income is $100k then Roth IRA is a nice option for both your and your spouse, as you'd be in lower tax br...
by lgb
Tue May 05, 2020 10:29 am
Forum: Personal Investments
Topic: What to put inherited money into?
Replies: 16
Views: 1085

What to put inherited money into?

Having a hard time deciding what to do with some money inherited noted below. Married age 45, own business which does well, but there is always a underlying risk that it could dry up. We don't live extravagant life - 100K a year salary covers most of our expense and allows us to live without much co...
by lgb
Wed Apr 22, 2020 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 369
Views: 27216

Re: Optimizing PPP Forgiveness

So if the amount approved (Let's use $90,000) was based on employees salary and salary plus an end of year bonus normally paid, and we have been approved for the example $90,000. Will the 'bonus' amount normally that we pay at towards the end of the year be able to be just included in this 8 week pe...
by lgb
Tue Feb 04, 2020 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Revocable Living Trust Administration Attorney Fees
Replies: 5
Views: 781

Re: Revocable Living Trust Administration Attorney Fees

Thanks cjclueless!! Great reply! Very helpful! Yes the Will seems to be a pour over will that dumps all assets into the Revocable Living Trust if they aren't already in the Trust. You're correct on the RMD concern - and the death was in 2019 so the belief is that things are not subject to the new ru...
by lgb
Mon Feb 03, 2020 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Revocable Living Trust Administration Attorney Fees
Replies: 5
Views: 781

Revocable Living Trust Administration Attorney Fees

Hey everyone! Trying to get an idea of what to expect for Attorney costs to get involved in administering a Revocable Living Trust from a deceased parent. The will is pretty simple (uncomplicated) and just has all the assets able to be distributed to the remaining siblings evenly. Trust was created ...
by lgb
Fri Jan 24, 2020 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance cost
Replies: 98
Views: 7311

Re: Umbrella insurance cost

We recently just shopped all our personal and business insurance. We always had a 1 Million Umbrella policy with State Farm that covered UM/UIM for Personal - and we were paying $677/year - and we had auto and homeowners with them as well. But just dropped them and switched to Travelers and saved a ...
by lgb
Tue Jan 07, 2020 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Business Insurance - Who are the main players?
Replies: 5
Views: 559

Re: Business Insurance - Who are the main players?

Update to this - we shopped our Business insurance around to our existing Independent Agent, a Captive red company, 2 other independent agents of which 1 seemed to really just be a pusher of the same carrier we were already using where we learned about how even the 'Independent' Insurance agents rea...
by lgb
Tue Jan 07, 2020 10:48 pm
Forum: Personal Investments
Topic: What to do with cash?
Replies: 14
Views: 1980

Re: What to do with cash?

If you're not able to ask your tax person/accountant questions to address your tax concerns - however simple it may or may not be - and not feel like they are talking 'above' you. You might poke around with someone else until you get the right person that will really help explain it. We have had som...
by lgb
Tue Jan 07, 2020 10:27 pm
Forum: Personal Investments
Topic: What to do with cash?
Replies: 14
Views: 1980

Re: What to do with cash?

How much do you have in an emergency fund? In other words, that $90K of cash, is there some portion of that you and your wife agree is a cushion between all is good in life vs. all is not good in life? Interested in your rental scenario, but can't help on whether you're doing good or bad or whether ...
by lgb
Sat Jan 04, 2020 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Paid for Real Estate Investing?
Replies: 11
Views: 811

Re: Paid for Real Estate Investing?

JoeRetire - A lot of what you mention are things that could be true, but not what I specifically stated. You just filled in some assumptions that could or could not be true. I was doing a most basic calculation of if all goes well at the current (in theory) monthly, certainly you could increase rent...
by lgb
Sat Jan 04, 2020 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Paid for Real Estate Investing?
Replies: 11
Views: 811

Paid for Real Estate Investing?

Can anyone provide their thoughts on why 'Paid for' (in my own cash) Real Estate Investing is a no brainer or not a no brainer? That could be in comparison to it being leveraged (via a mortgage) vs. investing in something else entirely. I think I understand some of the risks if investing in real-est...
by lgb
Wed Dec 18, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: New to Inheritance - What to expect
Replies: 18
Views: 2416

Re: New to Inheritance - What to expect

Sorry for your loss. This will happen to me one day. My brother is the executor. I trust him to do the right thing, and will back up what he decides. Probably hire a lawyer. Probably hire somebody to sell off the estate. Probably divide things equally between siblings. I'd rather not think about it...
by lgb
Wed Dec 18, 2019 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: New to Inheritance - What to expect
Replies: 18
Views: 2416

Re: New to Inheritance - What to expect

Hopefully nothing has to go through Probate - as at least all the investment accounts point to the Irrevocable Living Trust as the beneficiary, things like Bank account and Car are a TOD Transfer on Death setup to a Sibling - but known to be split evenly ultimately. So I presume the Investments all...
by lgb
Wed Dec 18, 2019 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: New to Inheritance - What to expect
Replies: 18
Views: 2416

Re: New to Inheritance - What to expect

I just wanted to inquire in regards to an expected inheritance at some point in the near future - how exactly that would play out. This is due to both parents having ultimately passed at this point (the remaining just recently in the past few months past age 70, and had already been taking RMD's) a...
by lgb
Wed Dec 18, 2019 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: New to Inheritance - What to expect
Replies: 18
Views: 2416

Re: New to Inheritance - What to expect

A partial answer - accounts that have designated beneficiaries don't pass to heirs by way of a will or trust. So if you are named as a beneficiary that money should get transferred to you fairly quickly. You will need to provide the financial institution with a copy of the death certificate, and th...
by lgb
Wed Dec 18, 2019 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: New to Inheritance - What to expect
Replies: 18
Views: 2416

Re: New to Inheritance - What to expect

It seems like each state has different rules on inheritances. My state requires probate on real estate unless it goes directly to heirs, such as through Transfer on Death Deed. There is also a dollar limit, I think it is 75k not passing directly to heirs. In other words it is not always simple. :ha...
by lgb
Wed Dec 18, 2019 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: New to Inheritance - What to expect
Replies: 18
Views: 2416

Re: New to Inheritance - What to expect

I just wanted to inquire in regards to an expected inheritance at some point in the near future - how exactly that would play out. This is due to both parents having ultimately passed at this point (the remaining just recently in the past few months past age 70, and had already been taking RMD's) a...
by lgb
Wed Dec 18, 2019 1:11 am
Forum: Personal Finance (Not Investing)
Topic: New to Inheritance - What to expect
Replies: 18
Views: 2416

Re: New to Inheritance - What to expect

Hopefully nothing has to go through Probate - as at least all the investment accounts point to the Irrevocable Living Trust as the beneficiary, things like Bank account and Car are a TOD Transfer on Death setup to a Sibling - but known to be split evenly ultimately. So I presume the Investments all ...