Search found 151 matches

by JerLon
Tue Aug 14, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Risk Averse Widow - Investing Life Insurance Proceeds
Replies: 8
Views: 612

Re: Risk Averse Widow - Investing Life Insurance Proceeds

I would caution against rushing into the purchase of a home too soon if she is recently widowed. Big decisions, especially expensive ones with a lot of frictional costs, should be delayed until she has had some time to think through her long term plans. I agree with this 100%. Our rule #1 with her ...
by JerLon
Tue Aug 14, 2018 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Risk Averse Widow - Investing Life Insurance Proceeds
Replies: 8
Views: 612

Re: Risk Averse Widow - Investing Life Insurance Proceeds

Her own benefits are low enough that her current income would zero them out when she claims them. The greater benefit for her is the Survivor's/Widows Benefit that she will claim a maximum benefit on at 66 and 7 months (because her husband died before FRA, her cap is his full benefit).
by JerLon
Tue Aug 14, 2018 5:00 am
Forum: Investing - Help with Personal Investments
Topic: Risk Averse Widow - Investing Life Insurance Proceeds
Replies: 8
Views: 612

Risk Averse Widow - Investing Life Insurance Proceeds

I am attempting to help my mother in law. She is recently widowed, has an extremely low risk tolerance (ie: a 5% decline would cause her to lose sleep and want to pull out all of her investments). She also wants all of this to be extremely simple and easy for her to understand. She has $250,000 in L...
by JerLon
Fri Aug 10, 2018 7:20 am
Forum: Personal Consumer Issues
Topic: Buying used car - advice requested
Replies: 36
Views: 2363

Re: Buying used car - advice requested

I was just looking at cars in a similar price range as you. I have a commute that is a bit longer (37 miles each way). I ended up buying a new Prius Prime. With rebates, state tax credit, and the federal tax credit (have to wait until I file taxes in 2019 for this), I will end up paying around $19,5...
by JerLon
Sat Aug 04, 2018 7:09 am
Forum: Personal Consumer Issues
Topic: Suggest an electric car: Volt? Alternative?
Replies: 49
Views: 3844

Re: Suggest an electric car: Volt? Alternative?

Bought a Prius Prime Plus yesterday. $24,000 OTD (including all NY taxes and fees). $19,500 after federal tax credit.
by JerLon
Sun Jul 29, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Tax Credit for Electric Car - Interplay with new/refundable Child Tax Credit
Replies: 4
Views: 340

Re: Tax Credit for Electric Car - Interplay with new/refundable Child Tax Credit

47Percent wrote:
Sun Jul 29, 2018 9:12 am


Make your tax liability comfortably over $8,500 by converting some TIRA to Roth IRA and call it a day (year).

That's what I would do.
Not a bad idea but doesn't answer the question. Curious if anyone knows.
by JerLon
Sun Jul 29, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Tax Credit for Electric Car - Interplay with new/refundable Child Tax Credit
Replies: 4
Views: 340

Tax Credit for Electric Car - Interplay with new/refundable Child Tax Credit

I am considering the purchase of a Prius Prime. It qualifies for a $4,500 Federal Tax Credit. My tax liability in 2018 will be approximately $5,300 before the Child Tax Credit. I have two children. So, after the credit, I will owe approximately $1,300. In looking at the new 1040, I can't figure out ...
by JerLon
Fri Jul 27, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Helping MIL - Recently deceased FIL - Life Insurance, 403b, Annuity, Etc...
Replies: 2
Views: 505

Helping MIL - Recently deceased FIL - Life Insurance, 403b, Annuity, Etc...

I am attempting to help my mother in law sort through their finances after the recent passing of my father in law. Obviously, my first big advice to her is to not make any big decisions and to not let anyone take advantage of her. I think I have found the large items and have some clarifying questio...
by JerLon
Sat Jul 07, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: Ireland trip
Replies: 20
Views: 1569

Re: Ireland trip

What do you enjoy? Cities or countryside? If cities, you might stay in Dublin and just do a few day trips. If countryside, you can easily do 3 towns in 7 days. My wife and I did a week last year and I am happy to answer any questions you might have. In short, our itinerary was: *Day 1 - Drive from D...
by JerLon
Thu Jun 28, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit - Impact of Deceased Spouses SS Disability Filing
Replies: 10
Views: 569

Re: SS Survivor Benefit - Impact of Deceased Spouses SS Disability Filing

Thank you all for the feedback and information. I think I have what I need to move forward (withdrawing now seems to be the best bet if I can get my MIL/FIL to do so). To close the loop, I also used the Ask Larry link and got this response: Hi, I'm sorry to hear about your father in law's diagnosis....
by JerLon
Wed Jun 27, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit - Impact of Deceased Spouses SS Disability Filing
Replies: 10
Views: 569

Re: SS Survivor Benefit - Impact of Deceased Spouses SSI Disability Filing

If he has been receiving benefits for less than a year, then, yes, he can reverse the decision, but I think he'll have to re-pay the monies he has already received. But will your MIL have income if benefits are stopped? If he passes away before this decision is reversed, is there any recourse on ou...
by JerLon
Wed Jun 27, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit - Impact of Deceased Spouses SS Disability Filing
Replies: 10
Views: 569

Re: SS Survivor Benefit - Impact of Deceased Spouses SSI Disability Filing

If he has been receiving benefits for less than a year, then, yes, he can reverse the decision, but I think he'll have to re-pay the monies he has already received. But will your MIL have income if benefits are stopped? She has enough in cash to survive for some time and should also receive enough ...
by JerLon
Wed Jun 27, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit - Impact of Deceased Spouses SS Disability Filing
Replies: 10
Views: 569

Re: SS Survivor Benefit - Impact of Deceased Spouses SSI Disability Filing

I updated the OP to clarify that I did not mean SSI. To add a piece to this puzzle, I just found out my FIL did not end up filing for disability. He filed for an early social security benefit. The worker at the local office encouraged this because "it will take five months to get the first disabilit...
by JerLon
Wed Jun 27, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit - Impact of Deceased Spouses SS Disability Filing
Replies: 10
Views: 569

SS Survivor Benefit - Impact of Deceased Spouses SS Disability Filing

My 62 year old FIL is in hospice and will not make it much longer. Several weeks ago, he finally filed for SS Disability. I don't know that he will even get his first SS Disability check before he passes away. My MIL will need to draw SS Survivor Benefits but I will likely work with her to develop a...
by JerLon
Sun Apr 08, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: Can I use United airline miles to buy a ticket for my friend?
Replies: 15
Views: 1207

Re: Can I use United airline miles to buy a ticket for my friend?

Yes, you can book award tickets for someone other than yourself.
by JerLon
Sun Feb 11, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes Withheld Different For Each Paycheck?
Replies: 10
Views: 993

Re: Taxes Withheld Different For Each Paycheck?

When your employer switched to the new withholding tables, that would have been one change. Not sure why you would have had a second change in withholding.
by JerLon
Tue Jan 16, 2018 5:40 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Withholding Tables
Replies: 88
Views: 12583

Re: IRS announces new withholding tables for 2018

Trying to make sure I am figuring this right. Income of around $95,000 Married filing jointly Pre-Tax Payments of $22,500 ($18,500 to 403b, $4,000 in insurance premiums) Standard Deduction of $24,000 Taxable income ends up at $47,725 Tax liability is $5,346.02 Two child credits Tax bill of $1,346.02...
by JerLon
Wed Oct 25, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: FIL Stage 4 Cancer - Next steps
Replies: 28
Views: 3695

Re: FIL Stage 4 Cancer - Next steps

Thank you all for the great advice. Does anyone have any information or good resources for the potential for SSI Disability given a diagnosis of Metastatic Melanoma? Please take a look at the following. https://www.disabilitybenefitscenter.org/compassionate-allowances/malignant-melanoma-with-metast...
by JerLon
Wed Oct 25, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: FIL Stage 4 Cancer - Next steps
Replies: 28
Views: 3695

Re: FIL Stage 4 Cancer - Next steps

Thank you all for the great advice.

Does anyone have any information or good resources for the potential for SSI Disability given a diagnosis of Metastatic Melanoma?
by JerLon
Tue Oct 24, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: FIL Stage 4 Cancer - Next steps
Replies: 28
Views: 3695

Re: FIL Stage 4 Cancer - Next steps

Health Insurance Update: Plan: Christian Healthcare Ministries, Gold Plan, Brothers Keeper So, it looks like there is a $500 cap per incident (I am assuming an occurrence of cancer is an incident). No annual cap per incident (would be capped at $125,000 w/out Brother's Keeper). Given this, is the re...
by JerLon
Mon Oct 23, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: FIL Stage 4 Cancer - Next steps
Replies: 28
Views: 3695

Re: FIL Stage 4 Cancer - Next steps

My father in law was just diagnosed with Stage 4 Metastatic Melanoma (he lost his eye to Ocular Melanoma 27 years ago). While I am certainly open to medical suggestions, I am asking for personal finance advice. I know my in laws do not have much (medi-share insurance through Christian Health Minist...
by JerLon
Mon Oct 23, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: FIL Stage 4 Cancer - Next steps
Replies: 28
Views: 3695

Re: FIL Stage 4 Cancer - Next steps

Levett wrote:
Mon Oct 23, 2017 4:49 pm
Don't just get educated on estate planning. Get educated on stage 4 Melanoma. Your FIL is alive.

Lev
Yes, I am doing this. Just not on bogleheads.
by JerLon
Mon Oct 23, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: FIL Stage 4 Cancer - Next steps
Replies: 28
Views: 3695

FIL Stage 4 Cancer - Next steps

My father in law was just diagnosed with Stage 4 Metastatic Melanoma (he lost his eye to Ocular Melanoma 27 years ago). While I am certainly open to medical suggestions, I am asking for personal finance advice. I know my in laws do not have much (medi-share insurance through Christian Health Ministr...
by JerLon
Sat Oct 07, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: 3x gross income = house purchase price, should interest rate be taken into account?
Replies: 26
Views: 2910

Re: 3x gross income = house purchase price, should interest rate be taken into account?

Also, RE taxes. If you live in NY or California, the taxes on the 300k house might be equal to the P&I. In other states, not so much.
by JerLon
Sat Jun 17, 2017 6:53 pm
Forum: Personal Consumer Issues
Topic: 100k Service - 2010 Camry & Corolla - All Maintenance Deferred
Replies: 17
Views: 2850

Re: 100k Service - 2010 Camry & Corolla - All Maintenance Deferred

Timing chain on both, I believe. So that should be fine.
by JerLon
Sat Jun 17, 2017 3:56 pm
Forum: Personal Consumer Issues
Topic: 100k Service - 2010 Camry & Corolla - All Maintenance Deferred
Replies: 17
Views: 2850

100k Service - 2010 Camry & Corolla - All Maintenance Deferred

I own a 2010 Camry and a 2010 Corolla. In the past month, both have gone over 100,000 miles. I'd like to keep both going strong for at least another 50,000 miles. Other than oil changes, all maintenance has been deferred on these two vehicles (air filters occasionally as well). I've dug around and a...
by JerLon
Sun Apr 30, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Massachusetts Teachers - Tax Question (W-2)
Replies: 3
Views: 612

Re: Massachusetts Teachers - Tax Question (W-2)

I am an educator in NYS. Out of curiosity, I pulled by W-2 to compare. Difference between box 1 and 5 is: a portion of box 14 (414H - Teacher Retirement System Contribution) and box 12c - 403k contribution. In box 14, I also have my health insurance contribution (labeled flex) that is not included i...
by JerLon
Sat Sep 17, 2016 6:16 pm
Forum: Personal Consumer Issues
Topic: Sawzall and Batt Operated tools questions?
Replies: 25
Views: 2013

Re: Sawzall and Batt Opertated tools questions?

These are the blades I have used. Far better at cutting roots in the ground than branches in the air.

https://www.amazon.com/gp/product/B000FAPPAA/
by JerLon
Sat Sep 17, 2016 6:15 pm
Forum: Personal Consumer Issues
Topic: Sawzall and Batt Operated tools questions?
Replies: 25
Views: 2013

Re: Sawzall and Batt Opertated tools questions?

Pole pruner sounds good, and was considered... but I was hoping on the fence rebuild, and shrub (thick in some areas) pruning will be a more common use once the trees are limbed... and once I get them up to about 20 feet...I likely will not need to do that again ever... Best, M I recently tried to ...
by JerLon
Sat Sep 17, 2016 3:55 pm
Forum: Personal Consumer Issues
Topic: Sawzall and Batt Operated tools questions?
Replies: 25
Views: 2013

Re: Sawzall and Batt Opertated tools questions?

Is there a reason you are considering battery powered reciprocating saw over a pole pruner. For what you are describing, you'd be far better off with a gas powered (or battery) pole pruner like the Stihl HT line. Or, maybe better yet, would be the Stihl Kobmi System. This is a motor with interchange...
by JerLon
Sun Aug 21, 2016 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Travel Credit Card
Replies: 5
Views: 1030

Re: Travel Credit Card

The $300 travel credit is a calendar year benefit. So, If you sign up now, you could potentially have a $600 travel benefit against the $450 annual fee. Add in the TSA Pre/Global Entry Fee in Year 1 ($100) and the 100,000 point bonus it certainly makes it worth holding for one year. Any longer than ...
by JerLon
Sat Aug 15, 2015 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Advice - Getting rid of PMI
Replies: 13
Views: 1304

Re: Refinance Advice - Getting rid of PMI

If you tell me state, FICO, and LTV, I can tell you what rate you'd expect from a broker. I'm a broker here in GA and have access to national pricing engines (not that they serve me much use except to help people on this forum)... NY. FICO mid 780's. LTV - Goal is to get it at 80% at time of refina...
by JerLon
Sat Aug 15, 2015 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Advice - Getting rid of PMI
Replies: 13
Views: 1304

Re: Refinance Advice - Getting rid of PMI

...and you have not paid down much equity by payments yet since most of your payment is going to interest. And how much has the home gone up in value in less than a year? Maybe I need to be more clear: I intend to have the cash to pay the mortgage down to 80% LTV at the time of refinance in 6-12 mo...
by JerLon
Sat Aug 15, 2015 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Advice - Getting rid of PMI
Replies: 13
Views: 1304

Re: Refinance Advice - Getting rid of PMI

Unfortunately, the answer can get complicated. Would you know if your loan was sold to Fannie Mae or Freddie Mac? There is another set of rules for those loans. These days most of the time PMI is set to cancel automatically at a certain point. You should have received disclosures about that when yo...
by JerLon
Sat Aug 15, 2015 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Advice - Getting rid of PMI
Replies: 13
Views: 1304

Refinance Advice - Getting rid of PMI

My wife and I purchased a home for $127,000 in 11/2014. Current mortgage balance is $125,000. Home appraised for $137,000 when we purchased. I am trying to plan for a refinance as soon as we can to get rid of PMI. I am curious as to: 1) Is the only way to refinance and get out of PMI to pay down the...
by JerLon
Sat Jun 20, 2015 6:07 am
Forum: Personal Consumer Issues
Topic: Your Top 10 Books
Replies: 64
Views: 11883

Re: Your Top 10 Books

In no specific order: Surely You're Joking, Mr. Feynman - Was given as a HS graduation gift, finally read when I graduated undergrad. Re-read it frequently. Outliers - Malcolm Gladwell Made in America - Sam Walton When the Buck Stops With You: Harry S. Truman on Leadership – Alan Axelrod How to Win ...
by JerLon
Mon Jun 15, 2015 8:46 am
Forum: Investing - Help with Personal Investments
Topic: 403(b) Fund Selection - Another List of Poor Options
Replies: 3
Views: 591

403(b) Fund Selection - Another List of Poor Options

I am starting a new job and my employer will contribute $3000 annually to a 403(b) for me. I will not be investing any of my own dollars in this 403(b) and, to make a long story short, am not worried about the diversification/allocation of these dollars. If Vanguard Total Stock Market were available...
by JerLon
Sat Apr 18, 2015 1:08 pm
Forum: Personal Consumer Issues
Topic: Cleaning out large basement - cost to rent a dumpster?
Replies: 29
Views: 4895

Re: Cleaning out large basement - cost to rent a dumpster?

Around here - suburban northeast - I can get a 15 yard rolloff for 275 for 10 days. Around 250 for a 10 yard, 350 for a 20 yard. That covers the delivery and pickup as well as a few tons of weight. I just had a 15 yard where I went over by a couple tons (a lot of min-bounders from old landscaping) a...
by JerLon
Thu Aug 28, 2014 5:10 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance to be held in expensive trust for ~10 years
Replies: 55
Views: 8272

Re: Inheritance to be held in expensive trust for ~10 years

Glad JackD revived this two years later to make a positive comment on trust companies.

I am curious how this ended up though.
by JerLon
Thu Aug 21, 2014 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Best one-stop company for renters/car/term life insurance?
Replies: 15
Views: 1507

Re: Best one-stop company for renters/car/term life insuranc

I agree with the others, the companies that are good at the term life game are not the companies that can do good with car/renters(owners)/umbrella. For the former, I had a good experience with SelectQuote and ended up picking a policies from William Penn. For the latter, I've been with a few compan...
by JerLon
Sun Jul 20, 2014 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Buying First Home - Inspection Follow Up Advice
Replies: 22
Views: 2691

Re: Buying First Home - Inspection Follow Up Advice

Have you looked at enough houses to know how $115k compares to the market. In other words, are you buying over, at, or below the market? Crawlspace insulation is not too surprising, you could ask them to have it reinstalled. Repointing is deferred maintenance and without seeing it, I am not surpris...
by JerLon
Sun Jul 20, 2014 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Buying First Home - Inspection Follow Up Advice
Replies: 22
Views: 2691

Re: Buying First Home - Inspection Follow Up Advice

You said some downspout issues are on your list of things to ignore. In my opinion that's a bad idea. You want to make sure that water is draining away from your house as best you can otherwise you're going to have foundation issues. To clarify, I did not say ignore. Adding an extension and restrap...
by JerLon
Sun Jul 20, 2014 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Buying First Home - Inspection Follow Up Advice
Replies: 22
Views: 2691

Re: Buying First Home - Inspection Follow Up Advice

Important to keep in mind that an inspection and an appraisal are two different things. An inspection is theoretically for your benefit, although it's also for the seller's and both Realtor's benefit to avoid lawsuits over undisclosed defects (known or unknown). An appraisal is for the lender's ben...
by JerLon
Sun Jul 20, 2014 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Buying First Home - Inspection Follow Up Advice
Replies: 22
Views: 2691

Re: Buying First Home - Inspection Follow Up Advice

Insulation falling out of floor joists is usually sign of excess moisture in crawl. The moisture gets on the insulation and it falls from joists. It also may have compromised the insulation that fell. I would ask inspector why he thinks the insulation fell and whether there was any other signs of e...
by JerLon
Sat Jul 19, 2014 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Buying First Home - Inspection Follow Up Advice
Replies: 22
Views: 2691

Buying First Home - Inspection Follow Up Advice

My wife and I are under contract to purchase our first home. We had our inspection today and I am looking for some advice from those of you who are more experienced and wiser in this arena than I am. Here is some background info: Owner purchased home in 2009 for $115,000 Owner put on a $8,000 roof i...
by JerLon
Mon Jun 30, 2014 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: When to offer on house: Starting New Job
Replies: 8
Views: 975

Re: When to offer on house: Starting New Job

I can see all kinds of ways for this to go well or to go wrong and I wish you luck! If things are not going well, it is possible that contacting the owner with some kind of rent/lease offer until you can purchase might be worthwhile. As can I which is why I thought some folks with some more experie...
by JerLon
Mon Jun 30, 2014 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: When to offer on house: Starting New Job
Replies: 8
Views: 975

When to offer on house: Starting New Job

I have a bit of an odd situation that I hoped someone had some insight into: I am starting a new job on 7/1/14. Because of HR issues, I will get my Salary Notice on 7/17/14 (have to wait until I attend an orientation session) First paycheck will be on 7/17/14 Second paycheck (so, I will have 30 days...
by JerLon
Sun May 04, 2014 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Car Advice
Replies: 32
Views: 3856

Re: Car Advice

There are three general thoughts on this and none of them is "right" or "wrong." They are: 1) Buy new Toyota/Honda and drive it until the wheels fall off. If you use the standard method folks around here use to negotiate, you will get the best price. 2) Buy slightly used Toyota/Honda (2-3 years old,...