Search found 1948 matches

by Carl53
Mon Sep 21, 2020 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Ex-husband and survivors benefits
Replies: 15
Views: 1352

Re: Ex-husband and survivors benefits

https://www.ssa.gov/benefits/survivors/ifyou.html We should be notified as soon as possible when a person dies. However, you cannot report a death or apply for survivors benefits online. In most cases, the funeral home will report the person’s death to us. You should give the funeral home the deceas...
by Carl53
Wed Sep 16, 2020 3:34 am
Forum: Personal Consumer Issues
Topic: Caretaker for parents?
Replies: 46
Views: 2849

Re: Caretaker for parents?

The wife of a couple we know eventually moved in with her Mom full time as she felt it was her duty. Husband could not take the dissension Mom brought and would not agree to have her move in with them. Fast forward about five years, full dementia, the wife maybe gets someone to spell her a couple ho...
by Carl53
Mon Sep 07, 2020 5:56 am
Forum: Personal Consumer Issues
Topic: plug in streaming device
Replies: 38
Views: 2091

Re: plug in streaming device

Not sure if this would work, but spouse recently purchased this but has not yet tried it out. Previously have been using simple device to hook up Iphone to hdmi to display zoom meetings on TV.

https://smile.amazon.com/gp/product/B08 ... UTF8&psc=1
by Carl53
Sun Sep 06, 2020 3:51 pm
Forum: Personal Investments
Topic: help to understand SS benefit tax calculation
Replies: 13
Views: 1164

Re: help to understand SS benefit tax calculation

The link has pertinent information right above the portion that you posted. Single taxpayers: If you are single and receive $20,000 in Social Security benefits: None of your benefits are taxable if your other income is less than $15,000. For every dollar between $15,000 and $24,000, an additional 50...
by Carl53
Sun Sep 06, 2020 3:35 pm
Forum: Personal Investments
Topic: Help calculate CAGR
Replies: 44
Views: 1760

Re: Help calculate CAGR

I would be interested to know how much it would be worth today (or 12-31-2019) if I had simply invested $1,000 in the S&P 500 stocks on the first day of January 1950, the year I started investing. According to the "Stock Trader's Almanac," the "Standard & Poor's 500 monthly closing price was 17.05 ...
by Carl53
Sat Aug 29, 2020 5:29 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Question
Replies: 4
Views: 597

Re: Refinance Question

Looks like you are incurring $8k closing costs with what I'll presume is the 2.5% loan. So you are initially saving almost $4600 per year in interest. It will take you almost two years to recoup the $8k. If you can reduce the closing costs $1500 for 1/8% interest, can you reduce them by $9000 for 3/...
by Carl53
Fri Aug 21, 2020 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: A few things that points blogs don't tell you about credit card points
Replies: 67
Views: 9130

Re: A few things that points blogs don't tell you about credit card points

If you have a points card, the points may be devalued at any time by the financial institution. At one time I had the PenFed gas? card. It paid back 5% on purchases at the pump. PF repeatedly sought to have me upgrade to their new Signature Rewards Card, 5X points on gas at the pump, 3X on groceries...
by Carl53
Sat Aug 15, 2020 7:37 am
Forum: Personal Investments
Topic: Scenario: Roth IRA Taxes
Replies: 28
Views: 1707

Re: Scenario: Roth IRA Taxes

Using my tax model and staying below IRMAA, we will have a very small, less than $1000 of non-SS income that incurs the 40.7% tax rate once we file for our maximized SS and RMDs kick in. This is primarily due to a pension that basically causes a a little to be subject to a marginal bracket of 18.5% ...
by Carl53
Thu Aug 06, 2020 12:53 pm
Forum: Personal Consumer Issues
Topic: MVNO mobile hotspot
Replies: 11
Views: 960

Re: MVNO mobile hotspot

We have had two ZTE100 hotspots, home phone internet, from ATT for a few years at less than $25/month/line if you buy the box. (Spectrum wants $12k to run a wire across street.) While we almost always exceed the nominal 22GB of data on at least one of these, I am yet to notice a slowing of service. ...
by Carl53
Tue Aug 04, 2020 12:44 pm
Forum: Personal Consumer Issues
Topic: What Car Maintenance Do You Do?
Replies: 162
Views: 8238

Re: What Car Maintenance Do You Do?

97 F150 Rotate tires, air filters, oil change, differential and transmission fluids, coil packs (mechanic friend helped), alternator, battery, replaced instrument panel with salvage yard unit ( thanks youtube), sealed vacuum air box for 4WD (thanks youtube). 08 TL Rotate tires, air filters, radiator...
by Carl53
Sun Jul 26, 2020 1:57 pm
Forum: Personal Investments
Topic: 81 yr old -need simple investment strategy
Replies: 56
Views: 5952

Re: 81 yr old -need simple investment strategy

That SSI calculator is confusing as heck. I guess I’ll just try TurboTax in mid December by pulling her cap gains/div/interest statements and her SSI totals. And the 5 yr waiting period on a new Roth seems nuts for an 81 yr old. We will no longer even consider a Roth. Thanks for this info! Don't ne...
by Carl53
Sat Jul 25, 2020 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Talking to my widowed Mom about money
Replies: 34
Views: 2989

Re: Talking to my widowed Mom about money

Possibly your Mom would be agreeable to taking additional distributions or make Roth conversions at hopefully lower tax rates than you or your sibling have. As I type this though I am thinking that she is likely 90 since you are already doing RMDs. If so, her RMDs may be so large that doing as I sug...
by Carl53
Sat Jul 25, 2020 6:03 am
Forum: Personal Investments
Topic: Should I start social security at 62 to invest it?
Replies: 74
Views: 8212

Re: Should I start social security at 62 to invest it?

Your kids will have to withdraw all of the tIRA and 401K money within 10 years of your death. Even if they withdraw 1/10 of the beginning balance each year, they will be taxed on every dollar ON TOP OF THEIR OTHER INCOME, which may be during their high income years. Would your kids prefer to have a...
by Carl53
Fri Jul 24, 2020 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Are Savings Bonds in an estate problematic?
Replies: 15
Views: 824

Re: Are Savings Bonds in an estate problematic?

At least some of the hassle would have been saved if they hand been electronic. In most cases no one would know they exist... There are no statements, no hints that a TD direct account exists. Not even emails until you have to reset password on next use..... At least with paper - they are clear a t...
by Carl53
Fri Jul 24, 2020 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Are Savings Bonds in an estate problematic?
Replies: 15
Views: 824

Re: Are Savings Bonds in an estate problematic?

FIL had a pile of savings bonds that he had acquired and was managing them by redeeming those that were reaching full maturity. When he started a more rapid decline, about a year prior to his passing I got him to a bank that allowed him to cash out the last $12k or so if he bought a CD rather than h...
by Carl53
Wed Jul 22, 2020 5:13 pm
Forum: Personal Consumer Issues
Topic: Drain Tile Issues
Replies: 10
Views: 745

Re: Drain Tile Issues

Perforated tile may help drain off your excess but be aware that such tile may attract and fill with roots over time. If you go this route you might provide yourself a means of adding a root killing product to address infiltration that will occur.
by Carl53
Thu Jul 16, 2020 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Wife's new job, pregnancy leave
Replies: 50
Views: 3631

Re: Wife's new job, pregnancy leave

DIL, newly minted attorney, took job with county court system earlier this year. Within weeks found out she was pregnant, apparently weeks or a month prior to hire date. Did not mention to employer until probationary period was over. HR tells her she is not eligible for paid leave and that unpaid le...
by Carl53
Fri Jul 10, 2020 11:40 am
Forum: Personal Consumer Issues
Topic: Who has painted their own house?
Replies: 45
Views: 3777

Re: Who has painted their own house?

Painted my one story ranch (about 1750 sqft wall space) this spring. A few hours a day, perhaps ten painting days with a brush. Small garage roof offset of probably 2 foot by 20 foot got left to last as I have to get on low sloped roof. One coat of paint, same color as I've used perhaps 3 times befo...
by Carl53
Fri Jul 10, 2020 8:12 am
Forum: Personal Investments
Topic: Perspective on Mortgage Forbearance
Replies: 36
Views: 1746

Re: Perspective on Mortgage Forbearance

IMHO, seems pretty murky as far as what is really the impact. However this, https://www.hud.gov/sites/dfiles/SFH/documents/IACOVID19FBFactSheetConsumer.pdf, supports the position of an interest free loan for potentially decades for at least FHA borrowers. Federal Housing Administration Mortgages FH...
by Carl53
Fri Jul 10, 2020 7:24 am
Forum: Personal Investments
Topic: Perspective on Mortgage Forbearance
Replies: 36
Views: 1746

Re: Perspective on Mortgage Forbearance

IMHO, seems pretty murky as far as what is really the impact. However this, https://www.hud.gov/sites/dfiles/SFH/documents/IACOVID19FBFactSheetConsumer.pdf, supports the position of an interest free loan for potentially decades for at least FHA borrowers. Federal Housing Administration Mortgages FHA...
by Carl53
Fri Jun 26, 2020 6:12 pm
Forum: Personal Consumer Issues
Topic: Buying a house - survey necessary?
Replies: 32
Views: 2498

Re: Buying a house - survey necessary?

I recently rented a metal detector and found 6 stakes that delineate my property boundaries. I previously only knew where one was and thought that there might have been four total. Big surprise was that my neighbor, recently deceased but had lived here over 45 years and was the first owner in the su...
by Carl53
Thu Jun 25, 2020 5:52 am
Forum: Personal Finance (Not Investing)
Topic: Navigating tight housing markets
Replies: 30
Views: 2036

Re: Navigating tight housing markets

We just had an offer turned down that was just under 10% over list with an escalator clause that could have added up to about another 10% of offered price for supposedly the whole reason that we checked that we left the box checked that we wanted an inspection period. We waived all other things like...
by Carl53
Sat Jun 20, 2020 2:23 pm
Forum: Personal Consumer Issues
Topic: Rain barrel questions
Replies: 28
Views: 2396

Re: Rain barrel questions

Got about 8 used 5 gallon buckets lined up on drip line of shed. 1/4 inch rain is enough to water my dozen tomato plants and wife’s indoor plants. I did divert one downspout off the house this spring to top off the pool. Got a few thousand extra gallons.
by Carl53
Sat Jun 20, 2020 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Need advice for second mortgage for home renovation
Replies: 13
Views: 424

Re: Need advice for second mortgage for home renovation

Thanks outermarker. I just did the mortgage calculator and a 15 year 2.5% loan on 450K (the total amount I would need for refi) would be about $3K/month, whereas keeping my current mortgage and getting a 30 year fixed second mortgage for my renovation would be about $2.1K/month total. Of course the...
by Carl53
Wed Jun 17, 2020 12:47 pm
Forum: Personal Consumer Issues
Topic: Should I sell my stash of dental floss now worth $3,000?
Replies: 123
Views: 14578

Re: Should I sell my stash of dental floss now worth $3,000?

I would sell sooner that later. Several years ago, my late FIL was distressed that his preferred dental adhesive was not available at is CVS. One of the family members came across information that the manufacturer had sold the line to a competitor who was stopping production. Several family members ...
by Carl53
Wed Jun 10, 2020 10:32 am
Forum: Personal Consumer Issues
Topic: New construction house - what to consider?
Replies: 161
Views: 10225

Re: New construction house - what to consider?

Lots of good ideas in this thread.

Regarding the gas lines for the someday grill and generator, make sure the lines from the meter are large enough to support them.

Personally, I like pocket doors, great space savers.
by Carl53
Mon Jun 08, 2020 5:48 pm
Forum: Personal Consumer Issues
Topic: Looking at buying house with in-ground pool. What questions should we ask?
Replies: 62
Views: 3890

Re: Looking at buying house with in-ground pool. What questions should we ask?

Shock it at least once a month with an overdose of liquid shock even if it looks clear. The only time that your should shock your pool is when you have a problem with your water or you expect or experience an unusual event that will cause you trouble (for instance, you're doing repairs and are unab...
by Carl53
Mon Jun 08, 2020 4:16 pm
Forum: Personal Investments
Topic: Advise To Maximize Taxes When I Pass(Have Cancer)
Replies: 43
Views: 4258

Re: Advise To Maximize Taxes When I Pass(Have Cancer)

Yeah I think I used 71.5% but typed 78.5, my bad.
by Carl53
Mon Jun 08, 2020 4:13 pm
Forum: Personal Consumer Issues
Topic: Looking at buying house with in-ground pool. What questions should we ask?
Replies: 62
Views: 3890

Re: Looking at buying house with in-ground pool. What questions should we ask?

We have had a home with an in ground pool for 30 years. The 40000 gallon pool is now 45 years old. Took me ten years to figure out how to get by with the least cost and effort. I did not ask questions when we bought the house and no information was provided so you are doing the right thing to learn ...
by Carl53
Mon Jun 08, 2020 11:01 am
Forum: Personal Investments
Topic: Advise To Maximize Taxes When I Pass(Have Cancer)
Replies: 43
Views: 4258

Re: Advise To Maximize Taxes When I Pass(Have Cancer)

Thanks. According to my SS if I died this year my spouse would get $24k at her FRA. This would be more than her benefits. There are a lot of nuances regarding SS. Since your wife was born in 1962 or later, her survivor's FRA is age 67 with a .335% reduction per month (71.5%) of what your PIA would ...
by Carl53
Mon Jun 08, 2020 9:26 am
Forum: Personal Investments
Topic: Advise To Maximize Taxes When I Pass(Have Cancer)
Replies: 43
Views: 4258

Re: Advise To Maximize Taxes When I Pass(Have Cancer)

Based on your posts, you are 53 and believe she is 56. I see that you will have SS benefits. What about her SS earnings record/benefit? Likely she will take the widows SS benefit but their are some considerations, like remarriage interaction, age of taking them, etc. The following link may help and...
by Carl53
Mon Jun 08, 2020 8:48 am
Forum: Personal Investments
Topic: Advise To Maximize Taxes When I Pass(Have Cancer)
Replies: 43
Views: 4258

Re: Advise To Maximize Taxes When I Pass(Have Cancer)

Based on your posts, you are 53 and believe she is 56. I see that you will have SS benefits. What about her SS earnings record/benefit? Likely she will take the widows SS benefit but their are some considerations, like remarriage interaction, age of taking them, etc. The following link may help and...
by Carl53
Mon Jun 08, 2020 4:23 am
Forum: Personal Investments
Topic: Advise To Maximize Taxes When I Pass(Have Cancer)
Replies: 43
Views: 4258

Re: Advise To Maximize Taxes When I Pass(Have Cancer)

Based on your posts, you are 53 and believe she is 56. I see that you will have SS benefits. What about her SS earnings record/benefit? Likely she will take the widows SS benefit but their are some considerations, like remarriage interaction, age of taking them, etc. The following link may help and ...
by Carl53
Fri Jun 05, 2020 6:36 am
Forum: Personal Investments
Topic: Bernstein Calculation?
Replies: 20
Views: 1830

Re: Bernstein Calculation?

0% return? Maybe 25 years at $60k or $1.5 million.
by Carl53
Fri Jun 05, 2020 6:34 am
Forum: Personal Consumer Issues
Topic: Nursing home has requirements for employees' private lives due to covid
Replies: 38
Views: 2767

Re: Nursing home has requirements for employees' private lives due to covid

I have an in-law who works in a nursing home. She told me she is not allowed to have visitors in her home or be in close proximity to anyone not living with her (including her grandchildren). If she does, her employer requires that she quarantine herself for 14 days prior to returning to work. I fo...
by Carl53
Fri Jun 05, 2020 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Need to Pay Estimated Taxes for Social Security?
Replies: 31
Views: 2549

Re: Need to Pay Estimated Taxes for Social Security?

Yes they will owe nothing for 2020. That is not to say they will never owe. The formula that determines what portion of SS is taxable does not change unless Congress changes it, as it is not inflation adjusted. Therefore as inflation increases and their SS increases, the likelihood of some portion o...
by Carl53
Thu Jun 04, 2020 8:19 am
Forum: Personal Consumer Issues
Topic: thoughts on furnance on the second floor
Replies: 15
Views: 811

Re: thoughts on furnance on the second floor

We have been considering a carriage house apartment above a new garage. The builder has been pushing an attic furnace, albeit a low efficiency unit so that we don't have to be concerned with freeze up of condensate lines.
by Carl53
Tue Jun 02, 2020 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter started working [max contribute to 401k this year or next?]
Replies: 57
Views: 2428

Re: Daughter started working [contribute to 401k if dependent?]

I'm a fan of Retirement Saver's Credit. Never did it as I decided doing Roth conversions was worth more. In your daughters case, I do not believe putting a large amount in a traditional 401k and using up her savings on the order of $20k, just to get her AGI down to $19.5k to get the 50% credit would...
by Carl53
Fri May 29, 2020 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6885
Views: 456783

Re: Refinance Mega Thread

Just got 2.875 no closing costs on conforming 30 year fixed Mary Wagoner - Sibcy Cline Mortgage - mwagoner@scms-inc.com, was my loan officer and did a great job getting me locked quickly and more importantly effortlessly. They only do business the in ohio/indiana/kentucky tri-state area though. Any...
by Carl53
Sat May 23, 2020 6:09 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6885
Views: 456783

Re: Refinance Mega Thread

Son ended up going with LenderFI on a 30 year refinance. Better told him that they would not give the AMEX credit to him despite having an otherwise eligible AMEX card. Did they state why they wouldn't be able to give him the $2.5k Better credit? Did he not apply through the link originally? Otherw...
by Carl53
Wed May 20, 2020 5:13 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6885
Views: 456783

Re: Refinance Mega Thread

Son ended up going with LenderFI on a 30 year refinance. Better told him that they would not give the AMEX credit to him despite having an otherwise eligible AMEX card.
by Carl53
Wed May 20, 2020 5:08 am
Forum: Personal Investments
Topic: Social Security Questions
Replies: 7
Views: 970

Re: Social Security Questions

1) My mom was born on Jun 11, 1954. She is still working today. But now I'm reading a bunch of articles that are giving conflicting information. Specifically that, there was a law passed in 2015 that closed this loophole, and now if you try to do spousal benefits: 1) It WILL start the clock on your...
by Carl53
Fri May 15, 2020 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12611

Re: Selling home - low ball negotiation

When we bought our current home 30 years ago, we bid nearly 30% below asking price and were not unexpectedly rejected. Not that the home was not worth more than we bid but it exceeded substantially what I was willing to afford and it had a pool, which I did not want. Fast forward a few months, we re...
by Carl53
Fri May 15, 2020 11:31 am
Forum: Investing - Theory, News & General
Topic: RedNeck/AllAmerica Bank 1.5%/1.75%
Replies: 3
Views: 515

Re: RedNeck/AllAmerica Bank 1.5%/1.75%

Used the MM account for over 10 years. Never used the debit card. A few years ago they raised the max from I think $35k to $50k above which the interest rate drops to much lower. I often fill it up and ignore it for an extended period. I use it to park cash to pay off various rewards CC which I plac...
by Carl53
Fri May 15, 2020 7:43 am
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 87
Views: 4283

Re: New Brake Pads

There was discussion above about using $10 or $100 rotors. I had a 96 Accord, and was going through rotors every 20k miles or so. My son was working at Autozone at the time suggested ones that had some grooved heat dissipating features. Lasted more than 100k miles. YMMV.
by Carl53
Mon May 04, 2020 9:04 am
Forum: Personal Consumer Issues
Topic: Steel-framed Residential Entry Doors
Replies: 34
Views: 2439

Re: Steel-framed Residential Entry Doors

Hello, Does anyone have any experience in purchasing and/or installing residential steel-framed entry doors? I'm looking at upgrading our entry doors and found several systems from larger manufacturers such as Mastercraft and MMI (Jeld-Wen). However, other than some short Home Depot comments, I hav...
by Carl53
Thu Apr 30, 2020 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Minor regret with a 15-year mortgage
Replies: 26
Views: 3023

Re: Minor regret with a 15-year mortgage

You may be able to get a better rate than 3.25% but it looks to me that a lot of places offer higher refi rates than you currently are paying. It appears your original PI+PMI was about 1220/month, while you currently are paying about $1416 or less than $200 extra. If you can refi at 3.25% on a new ...
by Carl53
Thu Apr 30, 2020 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Minor regret with a 15-year mortgage
Replies: 26
Views: 3023

Re: Minor regret with a 15-year mortgage

You may be able to get a better rate than 3.25% but it looks to me that a lot of places offer higher refi rates than you currently are paying. It appears your original PI+PMI was about 1220/month, while you currently are paying about $1416 or less than $200 extra. If you can refi at 3.25% on a new 3...
by Carl53
Thu Apr 30, 2020 6:09 am
Forum: Personal Consumer Issues
Topic: Highlander or RAV4
Replies: 57
Views: 3425

Re: Highlander or RAV4

Sorry not on Highlander but interesting traction slip test on RAV4 and CRV. https://www.youtube.com/watch?v=6N6T1oF2Ee4 I did not see any RAV4/Highlander comparisons but here is a new one between Telluride and Highlander. https://www.youtube.com/watch?v=qQ0CWN8tDC0 My take on this video is that if y...