Search found 82 matches

by Lalamimi
Mon Nov 11, 2019 4:49 pm
Forum: Personal Investments
Topic: Advice needed for unusual financial situation
Replies: 6
Views: 492

Re: Advice needed for unusual financial situation

Can you do some part time work in related field (massage therapy, assisted living therapy, personal trainer/therapist). Have you cut cable, internet, cell phones. Its amazing how to save without trying. Raise rent on the condo if lease is coming up. Kids can mow your lawn, wash cars if used to havin...
by Lalamimi
Sun Nov 10, 2019 1:51 pm
Forum: Personal Consumer Issues
Topic: After 2 weeks on new job, I am wanting to return to my old job, this is a terrible idea right?
Replies: 52
Views: 4619

Re: After 2 weeks on new job, I am wanting to return to my old job, this is a terrible idea right?

Go talk to former employer, if they will take you back, and increase your responsibility (the reason you decided to leave), then do it. I have taken 2 jobs that I knew were big mistakes. No job to return to, but it so happened a company I had interviewed with at same time had been bought and needed ...
by Lalamimi
Sun Nov 10, 2019 1:44 pm
Forum: Investing - Theory, News & General
Topic: Wait for Social Security - breakeven returns
Replies: 103
Views: 8915

Re: Wait for Social Security - breakeven returns

Here is our plan. The wife took SS at FRA plus two months. I took spousal at full retirement age which meant we both started the same month. By taking spousal of the DW FRA SS I figured it lowered our breakeven point to late 70's, if I take my SS on my record at 70. Is my math correct? By getting 5...
by Lalamimi
Sat Nov 09, 2019 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Do I Understand Safe Harbor rules correctly?
Replies: 27
Views: 2248

Re: Do I Understand Safe Harbor rules correctly?

Just a possible suggestion. If the bonus is being paid through payroll, can you increase your Tax withholding through HR for rest of year? My annual performance bonuses ( 6 months salary) always had the higher bracket tax amount withheld).
by Lalamimi
Thu Nov 07, 2019 7:27 pm
Forum: Personal Consumer Issues
Topic: "Beer Money" Methods
Replies: 49
Views: 5503

Re: "Beer Money" Methods

Ebates. Rakuten is new name. Sign up, go through their portal to store sites, get %. I have used them for years.
by Lalamimi
Thu Nov 07, 2019 7:25 pm
Forum: Personal Consumer Issues
Topic: "Beer Money" Methods
Replies: 49
Views: 5503

Re: "Beer Money" Methods

ohai wrote:
Thu Nov 07, 2019 10:36 am
5% cash back on the Amazon Prime credit card is fantastic. Also, I went to Coinstar and got $85 for the change I had been accumulating. I know that's not extra money, but still seemed pretty rewarding.
Coinstar gives gift cards and you don't have to pay the fee for cash refund.
by Lalamimi
Thu Nov 07, 2019 7:18 pm
Forum: Personal Consumer Issues
Topic: Cutting the Cord & Live Television
Replies: 45
Views: 2848

Re: Cutting the Cord & Live Television

Does anyone remember when cable TV started - TOLD us - no commercials. But with areas locked in to certain providers and rising cost, we cut cable 3 years ago, use rabbit ears. Save over $100 a month, but it was more the principle. We do have basic internet so we use Amazon Prime fire stick. So tire...
by Lalamimi
Thu Nov 07, 2019 6:57 pm
Forum: Personal Investments
Topic: Roth IRA transfer ?
Replies: 12
Views: 513

Re: Roth IRA transfer ?

You should be able to link the accounts for access. Edward Jones lets us do that!
by Lalamimi
Thu Nov 07, 2019 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Any way to "forfeit" income to avoid IRMAA cliff
Replies: 53
Views: 5862

Re: Any way to "forfeit" income to avoid IRMAA cliff

Nowizard wrote:
Wed Nov 06, 2019 5:10 pm
Would it be correct to say that since IRMAA is a medical expense, it could be a factor in itemizing with a medical deduction?
Tim
[/quote

I would like to see how it could be.
by Lalamimi
Thu Nov 07, 2019 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Where to find social security deductions
Replies: 10
Views: 877

Re: Where to find social security deductions

"Social Security income includes retirement, survivor benefits, and disability payments. For the most part, only taxable sources of income count in determining household MAGI-based income. However, all Social Security income of tax filers is counted, regardless of whether it is taxable or not. " htt...
by Lalamimi
Thu Nov 07, 2019 5:11 pm
Forum: Personal Consumer Issues
Topic: Question on refilling prescriptions
Replies: 32
Views: 1962

Re: Question on refilling prescriptions

The new health plan should provide a website for the Rx company. You can then just look up the drugs and see the preferred pharmacy. Try to stick with one if you take a lot of meds. Also, don't try to cut pills- as set out above, that can be dangerous. BUT, my doctor will write a prescription for 10...
by Lalamimi
Mon Nov 04, 2019 8:00 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 544
Views: 72167

Re: Flaunt Your High-Mileage Car

2007 Lexus ES350. Bought in late 2008. It was a dealer courtesy car with 1400 miles. Now has 125,000 miles, give or take. Its a really beautiful dark blue and I still love it. Oh, and I paid for it with company stock that vested when employer sold off my area. Not bad deal.
by Lalamimi
Mon Nov 04, 2019 4:52 pm
Forum: Personal Investments
Topic: Should I let UBS manage our windfall?
Replies: 23
Views: 2488

Re: Should I let UBS manage our windfall?

NO NO NO 1000 times NO. Managed my IRA for me, lost money due to their high fees. Stay away!!
by Lalamimi
Mon Nov 04, 2019 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Part D - thinking of shifting to Walmart
Replies: 34
Views: 3430

Re: Part D - thinking of shifting to Walmart

We are reviewing both plans mentioned as its our first year on Medicare. One thing I don't see mentioned, is to go to the Plan's website, do not rely on the Medicare.gov info. Wellcare Wellness RX on Medicare.gov showed no preferred pharmacies in my area. Their site showed CVS and Walmart. Still rev...
by Lalamimi
Mon Nov 04, 2019 3:45 pm
Forum: Personal Consumer Issues
Topic: Wife's car hit in a parking lot - how to deal with various issues?
Replies: 51
Views: 3659

Re: Wife's car hit in a parking lot - how to deal with various issues?

Do not file the claim just take the $1600, go to a pick a part junk yard and find a door - get it put on or do it yourself, its not rocket science. Bank the difference, drive it until she decides to get a new car.
by Lalamimi
Thu Oct 31, 2019 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12399

Re: Possible Layoff: Need Assurance That We Will Be Okay

If they offer you a job in another city and you decline, will you get a severance package? Usually not. Is your wife working? If not, why not. I was laid off last year age 64. That is when you worry, not at 40. If you really are worried, get ready NOW. Go get checkups and all meds filled. Cut your i...
by Lalamimi
Wed Oct 30, 2019 9:05 pm
Forum: Personal Consumer Issues
Topic: 40th Anniversary Travel Ideas
Replies: 26
Views: 1973

Re: 40th Anniversary Travel Ideas

you say no cruises, but what about the river cruises? We did Waterway of the Tzars on a Viking longship last July and it was amazing (our 44th anniversary). Churches, Kremlin, museums, gardens, waterways, subways. We saw it all!
by Lalamimi
Sun Oct 27, 2019 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: "Full Health Insurance" Coverage via Medicare
Replies: 22
Views: 1815

Re: "Full Health Insurance" Coverage via Medicare

Contact Boomer Benefits. They were great it getting my DH and me on a great, lower priced, Plan G. All Plan G company plans are exactly the same, only the cost is different because people like certain companies, so they are paying more for them. They can also find a Plan D, but I suggest you go to M...
by Lalamimi
Sun Oct 27, 2019 3:11 pm
Forum: Personal Investments
Topic: Please Advise on Retirement Portfolio
Replies: 20
Views: 2197

Re: Please Advise on Retirement Portfolio

Ages: Her 62, retired at 60; Him 53, retired at 51. No children or heirs. EDITED to add: At age 65, I am required to enroll in Medicare Part B as per my employer-sponsored health insurance plan. DW will also be required to enroll in Medicare Parts A and B at age 65. This will make your employer ins...
by Lalamimi
Fri Oct 25, 2019 5:37 pm
Forum: Personal Investments
Topic: Wife and I are taking a more active role in our investments. I need some advice.
Replies: 10
Views: 947

Re: Wife and I are taking a more active role in our investments. I need some advice.

Can your wife work the next 10 years to bump up her SS? If you don't need her income, invest most of it. We just retired and looking at my work history, the past 12 years were my best. It really makes a difference.
by Lalamimi
Fri Oct 25, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Part time job (20h/wk) - how to shield income from taxes?
Replies: 36
Views: 2292

Re: Part time job (20h/wk) - how to shield income from taxes?

what about child care costs? I believe there are credits. Or are the kids teens now .
by Lalamimi
Fri Oct 25, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: If you overpay IRMAA will they give you a credit later?
Replies: 2
Views: 205

Re: If you overpay IRMAA will they give you a credit later?

Appeal for both of you now. Same thing for us in 2018. I was laid off March 2, had to get husband on Medicare asap. We waited until Nov when I was signed up for Medicare to appeal, and they adjusted both of us for December forward. We took separate forms and copy of a letter from my former employer ...
by Lalamimi
Mon Oct 21, 2019 7:56 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1082
Views: 119555

Re: What frugal thing did you do today?

Reduced our AT&T cell phone bill by changing from a 10G plan to 3G. We were barely using 2G a month. If this does not reduce the bill enough, plan to go to Costco T Mobile for Seniors plan.
by Lalamimi
Mon Oct 21, 2019 7:53 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1082
Views: 119555

Re: What frugal thing did you do today?

My good woman cancelled our cable this past Friday. I had been lobbying for probably two years for it but kinda gave up on it. When I got home from work she was on the phone with them concluding our business with them. It was a surprise but I am thoroughly pleased. Over 200 bucks a month in savings...
by Lalamimi
Mon Oct 21, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Trip insurance - purchase through orbitz.com or outside?
Replies: 16
Views: 1004

Re: Trip insurance - purchase through orbitz.com or outside?

does it cover cancel for any reason, or restrictions?
by Lalamimi
Mon Oct 21, 2019 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D provider help-Wellcare Wellness
Replies: 39
Views: 2767

Re: Medicare Part D provider help-Wellcare Wellness

Switched from Humana Walmart to Wellcare Value Script last year for total of 6 meds between DW and I and saved $300. All mail order, no problems whatsoever. Switching this year to Rite Aid's Envision RX for just over a $100 saving! I know, I know, but it's kind of a hobby of mine to squeeze out the...
by Lalamimi
Mon Oct 21, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D provider help-Wellcare Wellness
Replies: 39
Views: 2767

Re: Medicare Part D provider help-Wellcare Wellness

Just checked Wellcare Wellness RX after seeing it was good to pick this weekend, and none of our local pharmacies are included, after they were earlier.
Might want to check. I believe we will switch from Silver Script ($21.40) to Wellcare Value Script PDP at $14.70 as we take minimal drugs.
by Lalamimi
Fri Oct 18, 2019 4:55 pm
Forum: Personal Consumer Issues
Topic: selling house, should we put in sod to replace ugly lawn?
Replies: 45
Views: 3728

Re: selling house, should we put in sod to replace ugly lawn?

she needs to find a better lawn service. Since it is such bad shape, they most likely are bringing the junk on their mowers. like above, Weed N Feed, etc are great. Its a $900K house, the lawn should reflect that.
by Lalamimi
Fri Oct 18, 2019 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D provider help-Wellcare Wellness
Replies: 39
Views: 2767

Re: Medicare Part D provider help-Wellcare Wellness

Perfect timing! I am looking at switching us from Silver Script to Wellcare Wellness Rx. Its only $13.30 each, and we take very few meds, which appear will actually be free. I saw the bad reviews, but seems they are in connection with their advantage plans, not just Plan D. Going for it. Silver Scri...
by Lalamimi
Fri Oct 18, 2019 4:41 pm
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 9765

Re: Retiring and Getting Over The Fear of Quitting?

Solved for me. I was laid off 2 months after turning 64 (and buying a new home) in March 2018. Took me about 6 months to realize, "Hey, I am DONE".
Keep in contact with work/industry associates, go to some luncheons, and find new hobbies.
by Lalamimi
Fri Oct 18, 2019 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: At wits end with mortgage company issues
Replies: 74
Views: 5550

Re: At wits end with mortgage company issues

Sorry did not read every post. Why in the world are you not doing auto pay?? Logical. You can then mail in any additional payments.
by Lalamimi
Tue Oct 15, 2019 11:06 am
Forum: Personal Investments
Topic: Question about a rollover strategy
Replies: 6
Views: 441

Re: Question about a rollover strategy

wait on the Roth. Wait until you retire and your tax bracket drops then convert to a Roth. We are about to do this next month on a portion of DH's IRAs as we have no income this year (Great layoff package 3/18, and we sold our home 10/18). He is 68, so we have 2 more years to do this to reduce RMDs.
by Lalamimi
Sun Oct 13, 2019 3:35 pm
Forum: Personal Consumer Issues
Topic: Car renting
Replies: 29
Views: 2402

Re: Car renting

We have used Costco several times. In Hawaii it was Enterprise, had to walk a ways to their office from our cruise ship. They were deceitful, added coverage we did not want. (did get it back). In Las Vegas, it was Avis, and they were fine. We even got a $25 Costco card as I recall. We used Alamo in ...
by Lalamimi
Sun Oct 13, 2019 10:52 am
Forum: Personal Consumer Issues
Topic: Another iPhone question/purchase while waiting out 2020
Replies: 8
Views: 861

Re: Another iPhone question/purchase while waiting out 2020

Thank you for this post. We are considering I phones after years of Android, and would prefer to find older ones due to crazy costs. Currently with AT&T but wanting to switch to Xfinity Mobile, but our phones are not compatible.
by Lalamimi
Wed Oct 09, 2019 3:46 pm
Forum: Personal Consumer Issues
Topic: When to put on new roof?
Replies: 34
Views: 2798

Re: When to put on new roof?

40 years! Wow! We just had ours replaced in March (bought house in 2017 with original 1996 roof). Luckily, insurance covered it as to wind damage as it was over $25K. We went with GAF 50 year. (not that we will be around, but it looks great). Yes, find a reputable contractor, one who includes replac...
by Lalamimi
Sun Oct 06, 2019 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Psychologically adverse to start drawing down in retirement
Replies: 82
Views: 8162

Re: Psychologically adverse to start drawing down in retirement

You do not mention a spouse/ex spouse, but is it possible to draw spousal SS for the next 4 years rather than your own? With your turning 66 just before the cutoff Jan 2, 1954 birthday, (mine too, which is why I am thinking of it) to restrict your SS and do so, just wanted to mention.
by Lalamimi
Sat Oct 05, 2019 1:06 pm
Forum: Personal Investments
Topic: Retiree income- file for SS early or draw from IRA first?
Replies: 19
Views: 1774

Re: Retiree income- file for SS early or draw from IRA first?

wait on SS if you can. Also look into converting some of his IRA into a Roth while tax rate is lower. We are doing that this quarter (DH just turned 68, I will be 66 end of year).
by Lalamimi
Sat Oct 05, 2019 12:19 pm
Forum: Personal Consumer Issues
Topic: Flying in the US after losing ID
Replies: 18
Views: 2575

Re: Flying in the US after losing ID

happened to one of the girls with my daughter on a trip (in the US). She left wallet in taxi. She made a police report and they gave her documentation for travel. She did not get into any of the clubs with them, however...
by Lalamimi
Thu Sep 26, 2019 9:09 pm
Forum: Personal Investments
Topic: Where to safely park/invest shorter term cash to maximize returns - a *little* risk is OK
Replies: 27
Views: 3258

Re: Where to safely park/invest shorter term cash to maximize returns - a *little* risk is OK

Glad you asked this question, we have had a large sum in an Edward Jones MM for a year, and I just opened an online savings account with VIO Bank, yield of 2.42% and will be moving about 50K into it. Like you, we will be needing the money (retired, not drawing SS until January) but hate to just have...
by Lalamimi
Thu Sep 26, 2019 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Using IRA/401k Funds to Decrease Mortgage on New Home in Retirement
Replies: 13
Views: 718

Re: Using IRA/401k Funds to Decrease Mortgage on New Home in Retirement

I too, cannot believe they would take on that size mortgage (and house) at their salary and ages. We just retired (I was laid off 2 months after buying a $450K house) in 2018 and did not quite think through the taxes and utility bills on a 3K sq ft house. It took us almost a year to sell our other h...
by Lalamimi
Thu Sep 26, 2019 8:35 pm
Forum: Personal Investments
Topic: Mother laid off without retirement savings
Replies: 24
Views: 5667

Re: Mother laid off without retirement savings

I agree with the others, you can help her file for unemployment immediately, show her how to search for jobs (unemployment office has links usually) and offer support. I was laid off last year at 64. Nothing my kids could do but be supportive. Once she signs up, she may have to look for 3 or 4 jobs ...
by Lalamimi
Thu Sep 26, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 20089

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

Was your FIL in the military? If so, she can qualify for aid through the VA. About $1300 a month if his service time meets criteria.
by Lalamimi
Sun Sep 22, 2019 6:53 pm
Forum: Personal Consumer Issues
Topic: Need new Refrigerator
Replies: 19
Views: 1595

Re: Need new Refrigerator

We love Whirlpool but would agree, get it repaired. New ones cost more than our first car.
by Lalamimi
Sun Sep 22, 2019 6:51 pm
Forum: Personal Consumer Issues
Topic: Removing ceramic tile with hammerdrill+chisel bits
Replies: 18
Views: 1311

Re: Removing ceramic tile with hammerdrill+chisel bits

just pay someone who knows how. We chiseled tile off our kitchen wall but the 'mud" stays. assume you are talking the floor, but you will still have to clean the concrete.
by Lalamimi
Sun Sep 22, 2019 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Out of pocket costs with Medicare
Replies: 19
Views: 1696

Re: Out of pocket costs with Medicare

Unless you can prove you have "credible coverage" insurance you may well both be penalized on Medicare and Part D plans, so you need to find out that amount to factor in. Medicare Part G We have Mutual of Omaha for $225 a month for both of us (discount for both being covered) Silver Script Part D is...
by Lalamimi
Sun Sep 22, 2019 1:21 pm
Forum: Personal Investments
Topic: I am being asked to retire. Am I ready?
Replies: 84
Views: 10559

Re: I am being asked to retire. Am I ready?

Since you do not mention the wife working, nor does she have her own 401K, you will go on COBRA a year. Then you will have to self insure for 9 years. That needs to be factored in if not already. You can use the HSA money I believe to make those payments. I was laid off Mar 2018 at 64 but lucky the ...
by Lalamimi
Tue Sep 17, 2019 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Facing very short gap without health insurance, options
Replies: 26
Views: 1286

Re: Facing very short gap without health insurance, options

Tell her to buy trip insurance and take a 5 day trip. 5 day gap should not affect getting new insurance, its usually 60 days of no coverage.
by Lalamimi
Tue Sep 17, 2019 5:00 pm
Forum: Personal Consumer Issues
Topic: $2k repairs on $12K car
Replies: 81
Views: 5159

Re: $2k repairs on $12K car

keep the car. We used to trade in at 60K for new. I loved my 1988 Thunderbird, but it had to go. $2k is about 3 car notes. Like says above, that is maintenance. My 2007 Lexus EX 350 has 124K miles. I love it I don't need a new $60K car. I have one, even though I bought it preowned from Lexus w 14K m...
by Lalamimi
Mon Sep 16, 2019 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Live in MA, Need 2.5 years health insurance until Medicare
Replies: 38
Views: 2465

Re: Live in MA, Need 2.5 years health insurance until Medicare

My company's insurance was self insured and we could have continued Cobra after the first year. You might need to research that, I thought it was a law. Luckily we went straight to Medicare during the time period of coverage. I would just get the cheapest coverage you can, since you are healthy. I d...