Search found 4140 matches

by BolderBoy
Mon Dec 10, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: How will 80k inheritance affect medicaid, section 8, food stamp eligibility in PA?
Replies: 26
Views: 2874

Re: How will 80k inheritance affect medicaid, section 8, food stamp eligibility in PA?

- The funds have not been released to my mother. My aunt told me they are in a CD that is about to expire so she wants/needs to release them before the end of this month. IANAL. Since she hasn't technically received it yet, could she renounce (or whatever is the legal term) the inheritance? Would t...
by BolderBoy
Mon Dec 10, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate the value of a Forever... [investment]
Replies: 9
Views: 1083

Re: How to calculate the value of a Forever... [investment]

Keep in mind that the post office could potentially change the "Forever" stamp rule at any point. Even for stamps already purchased. Wouldn't you love to be the lawyer in the class action that would cause? With 10s of millions of people in the class, he'd become wealthy, though his clients would on...
by BolderBoy
Mon Dec 10, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Insurer provided wrong info to Dr, then denied claim
Replies: 8
Views: 1211

Re: Insurer provided wrong info to Dr, then denied claim

Besides describing the situation and stating that I detrimentally relied upon what the provider told the Dr... ... and you know this how? Was it the Dr (or Dr's office) who told you what the insurance carrier told them (I think you mean insurance carrier when you used the word "provider" there, rig...
by BolderBoy
Sun Dec 09, 2018 11:05 pm
Forum: Personal Consumer Issues
Topic: Electric bill with LED
Replies: 100
Views: 6319

Re: Electric bill with LED

Anyone notice a significant savings going from incandescent or CFL to LED? For about $50 in bulbs I switched all the bulbs in my house to LED. I did it to save $ and help the environment. Just wondering if anyone actually noticed a real savings month to month... $50 switched you completely over to ...
by BolderBoy
Sun Dec 09, 2018 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: 20M Inheritance - What is best option for small/no risk on principal?
Replies: 93
Views: 11763

Re: 20M Inheritance - What is best option for small/no risk on principal?

Looking at CD's which seem like I would have to do a CDARS network. I've seen banks offering 3.4-3.6% on 5 year cd's now which I figured if I'm not paying a 1% management fee is pretty great for no risk on the actual principle. No risk: pretty limited to FDIC insured products and related instrument...
by BolderBoy
Sun Dec 09, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: What am I not getting about the value of TIPS funds?
Replies: 23
Views: 2175

Re: What am I not getting about the value of TIPS funds?

Can someone please tell me why I should load up on TIPS at this time, when returns are negative? :confused Grok87 (a CFA) has posted in the past about why TIPS are important in a portfolio. I think he posted a manifesto in the wiki in which he encourages folks to abide by his X# promises. Owning TI...
by BolderBoy
Sun Dec 09, 2018 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting advice
Replies: 16
Views: 1196

Re: Requesting advice

But recently a friend commented that this is just the beginning and stock market would continue to only get worst. I'm not an expert. I read a lot, have watched the market since I was 8 y/o and have been a dedicated BH since 2010. Your friend is saying what the investing rabble-rousers have always ...
by BolderBoy
Sun Dec 09, 2018 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for older and younger person saving for retirement?
Replies: 26
Views: 1847

Re: Advice for older and younger person saving for retirement?

My mother should get about $1,000 a month from Social Security at 67. Theoretically, the $20K she has in the 401K now might be up around $70K-$80K by then. Very nice you are willing to help your mother and help out with your grandmother in this way. Your guesstimation about the growth of $20k in 7 ...
by BolderBoy
Sun Dec 09, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate the value of a Forever... [investment]
Replies: 9
Views: 1083

Re: How to calculate the value of a Forever...

Stamp? Domain name? (assuming a certain inflation rate) These seem like attractive purchases, but I'd like a way to quantify the value. Is the value of a Forever ___ greater or less than the cost of purchasing/renewing every year? Surely there must be a financial calculator I could use? Seems simil...
by BolderBoy
Sun Dec 09, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Insurer provided wrong info to Dr, then denied claim
Replies: 8
Views: 1211

Re: Insurer provided wrong info to Dr, then denied claim

After reviewing my plan documents this service is not covered. IANAL. In your plan documents is undoubtedly a statement which says that you are responsible for knowing what is covered and what is not. IMO, the outcome of your appeal is going to turn on whether the company accepts responsibility for...
by BolderBoy
Fri Dec 07, 2018 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Skipping last COBRA payment
Replies: 25
Views: 2517

Re: Skipping last cobra payment

Golfview wrote:
Thu Dec 06, 2018 8:29 pm
I though I would share this as a perfectly good way to save some money!
I would leave the word "good" out of your sentence.

The insurance company is acting in "good" faith and you are not.
by BolderBoy
Tue Dec 04, 2018 10:51 am
Forum: Investing - Theory, News & General
Topic: Yield Curve = Inverted
Replies: 58
Views: 5962

Re: Yield Curve = Inverted

Those who believe that inverted yield curves are good predictors of recessions, and that what we are seeing now already qualifies as an inverted yield curve... It's a fool's bet. This: A lot of this is traders reading tea leaves. An inversion of the 2- and 10-year yields has been a reliable recessi...
by BolderBoy
Tue Dec 04, 2018 10:40 am
Forum: Investing - Theory, News & General
Topic: Yield Curve = Inverted
Replies: 58
Views: 5962

Re: Yield Curve = Inverted

MichCPA wrote:
Mon Dec 03, 2018 4:12 pm
I will change my asset allocation from 80% stocks to 80% non-perishable food items to prepare for the impending doom! That's where the smart money is moving.
Such as FCOJ?

(FCOJ = Frozen Concentrated Orange Juice, with apologies to the movie,"Trading Places")
by BolderBoy
Sat Dec 01, 2018 11:15 pm
Forum: Investing - Theory, News & General
Topic: The Coming Retirement Crisis - Real Vision
Replies: 14
Views: 3161

Re: The Coming Retirement Crisis - Real Vision

It is one of several videos from Real Vision (Raoul Paul). Interesting analysis - curious what this group thinks/knows about him. I was curious about the last retirement crisis so I went looking https://i.imgur.com/vm1zxHo.png?1 Everyone remember the retirement crisis scare of 1980? Remember how ov...
by BolderBoy
Sat Dec 01, 2018 11:08 pm
Forum: Investing - Theory, News & General
Topic: "The Steak Dinner Annuity Pitch"
Replies: 60
Views: 7158

Re: "The Steak Dinner Annuity Pitch"

...(PS - I used to attend free dinners like this until I was finally reeled in, learned my lesson [the hard way] and swore off!)... This. And thank you so much for saying this, BolderBoy. I hope someday you'll give us the details if you haven't, already. Sure, the details: The invitation was actual...
by BolderBoy
Fri Nov 30, 2018 11:03 pm
Forum: Personal Consumer Issues
Topic: Negotiating price on cosmetic surgery
Replies: 24
Views: 2302

Re: Negotiating price on cosmetic surgery

It appears that cosmetic surgery is such a lucrative money making business. So, why aren’t more doctors cosmetic surgeons? There must be a catch. The ability to become one is incredibly hard. Plastics is the hardest residency to land and maybe one medical student out of an entire class gets it a ye...
by BolderBoy
Fri Nov 30, 2018 7:27 pm
Forum: Investing - Theory, News & General
Topic: "The Steak Dinner Annuity Pitch"
Replies: 60
Views: 7158

"The Steak Dinner Annuity Pitch"

To make this actionable, rather than just "newsy", was what the article's author did ethical (tongue firmly in cheek)? He harpooned the presenter and apparently knew he would when he took the invitation. https://www.msn.com/en-us/money/savingandinvesting/we-went-to-a-steak-dinner-annuity-pitch-the-s...
by BolderBoy
Thu Nov 29, 2018 10:54 pm
Forum: Personal Consumer Issues
Topic: Guy's Western US Ski Trip - suggestions?
Replies: 44
Views: 2368

Re: Guy's Western US Ski Trip - suggestions?

I'm planning a guy's ski trip out west for February where about 6 of us will be flying in from all over the US. If you are considering Breckenridge or the like, make your trip something like Wednesday-Wednesday; not weekend-weekend. The traffic on weekends is literally unimaginable during ski season.
by BolderBoy
Tue Nov 27, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee of inherited business
Replies: 62
Views: 2666

Re: Trustee of Inherited Business continued

johnubc wrote:
Tue Nov 27, 2018 6:18 pm
My advice is to convince both you and your brother to sell the business.
+1. This is the wisest advice I've ever heard.
by BolderBoy
Tue Nov 27, 2018 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: How did YOU choose your career?
Replies: 149
Views: 8654

Re: How did YOU choose your career?

Was aimless after high school. Flunked out of college while the Vnam War was raging. Facing a certain draft (remember, Dr Spock always said to avoid a draft!) I joined the USAF which discovered my color blindness and restricted me to choosing between being a cook, an AP or a medic. I chose the latte...
by BolderBoy
Mon Nov 26, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Being a Good Son
Replies: 22
Views: 3315

Re: Being a Good Son

stuper1 wrote:
Mon Nov 26, 2018 12:17 pm
I want to be a good son. My parents are both 82 and in good shape physically and financially...

Here's what I want to know. Should I just let sleeping dogs lie...
Yes. It is too soon for YOU to bring up anything.
by BolderBoy
Mon Nov 26, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: paying off all but 1 dollar of CC
Replies: 83
Views: 8193

Re: paying off all but 1 dollar of CC

I have heard it said that you will build your credit score faster by not paying off your credit cards completely. Rather, pay all but 1 dollar of the balance in order to incur some interest charges. This supposedly helps your credit, according to Intuit among other random places I have heard it. Is...
by BolderBoy
Mon Nov 26, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Federal Job Offer - Should I take it?
Replies: 58
Views: 3852

Re: Federal Job Offer - Should I take it?

FWFamily wrote:
Mon Nov 26, 2018 10:46 am
I think the adventure might be fun as I have only been to the west coast 1 time in my life and the possibilities seem endless when comparing to the landscape that Indiana offers.
I can't begin to imagine the culture-shock you/family will experience going from Ft Wayne, IN to SF. Boggles the mind...
by BolderBoy
Sun Nov 25, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Traveling Itinerant Nurse Tax Law/Business Questions
Replies: 7
Views: 817

Re: Traveling Itinerant Nurse Tax Law/Business Questions

South Dakota allows for residency without a permanent domicile if you certify you have no other domicile and meet certain other minor conditions, such as staying there for one night. http://twomeander.com/how-to-establish-a-legal-state-residency-domicile-as-a-nomad/ I read the article and saw that ...
by BolderBoy
Thu Nov 22, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: DIY way to leave beneficiaries your home
Replies: 7
Views: 1004

Re: DIY way to leave beneficiaries your home

EricLThomp wrote:
Thu Nov 22, 2018 8:05 pm
We are in Texas and I'm learning the "Transfer on Death Deed" seems like the way to go. Thoughts/comments/experiences?
Read the rules carefully. You may have to own the home free/clear in order to do a ToD Deed.

If you can use the ToD Deed method, it is a slam dunk cinch...
by BolderBoy
Mon Nov 19, 2018 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Forgot to file Municipal Income Tax
Replies: 14
Views: 1082

Re: Forgot to file Municipal Income Tax

I am going to talk to the city but would like the advice here how to handle it and if there is any way to avoid penalties. Thanks If I were you I would call the city taxing authority and ask how to request a waiver of the penalties and that you intend to pay the tax as soon as you get them calculat...
by BolderBoy
Mon Nov 19, 2018 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Traveling Itinerant Nurse Tax Law/Business Questions
Replies: 7
Views: 817

Re: Traveling Itinerant Nurse Tax Law/Business Questions

I got some of my information from several travel sites. There has been an issue where they were raising the per diem/stipend really high and putting the hourly rate low to min/max the taxes. Several States audited the Nurses to gain leverage on the Agencies. I have an APN friend who does some work ...
by BolderBoy
Sat Nov 17, 2018 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: More TLH questions
Replies: 38
Views: 2896

Re: More TLH questions

tindel wrote:
Sat Nov 17, 2018 10:54 pm
I recently bought SWISX on 8/29/18 @ $20.78. Today it is $19.08
For the benefit of the ignorant, what is SWISX?
by BolderBoy
Sat Nov 17, 2018 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest now
Replies: 9
Views: 885

Re: Should I invest now

I want to get rid of my current fee based advisors and invest my retirement savings in Vanguard funds. Is now a good time to do that given where markets are at? I am about 2 years away from retirement, so would keep some money back in cash in case of an immediate market drop "The best time to inves...
by BolderBoy
Sat Nov 17, 2018 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Is it 'Market Timing' (i.e., Bad) to Have an Investment Plan Where You Increase Stock Allocation if Market Declines?
Replies: 25
Views: 2535

Re: Is it 'Market Timing' (i.e., Bad) to Have an Investment Plan Where You Increase Stock Allocation if Market Declines?

Thoughts? Is this just a fancy (and ill-conceived) form of market timing? Do others have a plan like this--not just rebalancing if stocks go down, but making their AA more aggressive if stocks go down? That would be a form of market timing. If you are buying/selling (exchanging, really) in order to...
by BolderBoy
Fri Nov 16, 2018 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Tax lose harvesting bond funds?
Replies: 7
Views: 655

Re: Tax lose harvesting bond funds?

TomatoTomahto wrote:
Fri Nov 16, 2018 9:15 pm
kevinpet wrote:
Fri Nov 16, 2018 8:55 pm
Watch out for the need to reduce your losses by tax exempt dividends if held less than six months.
Thank you for posting this. I didn’t know this, and will Google it tomorrow. I love this forum.
Does this apply to tax-exempt bond funds that pay monthly interest?
by BolderBoy
Wed Nov 14, 2018 10:13 am
Forum: Personal Consumer Issues
Topic: fuel for snowblower
Replies: 97
Views: 5451

Re: fuel for snowblower

I think the ethanol initiative was to: 1) extend the supply of oil, and 2) provide a subsidy for farmers. The original, declared intention of adding alcohol to gasoline was to reduce air pollution. In the 1970s the Brazilian city of Sao Paulo (?) was the most air-polluted city on the planet. They i...
by BolderBoy
Tue Nov 13, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (2019 Update)
Replies: 19
Views: 1708

Re: Downloadable Social Security Benefit Estimator (2019 Update)

I’m 59 so a few years away from making decisions, but just want to give a big shout out to OP for providing this! Really generous of you. +1. Agreed completely. Thanks you! Neurosphere, would it be possible to modify the graph to show the "bend points" which the SSA talks about on their calculator?...
by BolderBoy
Tue Nov 13, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Enjoying Your Work
Replies: 27
Views: 3453

Re: Enjoying Your Work

Don’t work in something you hate, but also don’t get caught in the trap of seeking “fulfillment” at work. It’s a suckers game, and in the end work will always be work and it isn’t what will make you happy. Find external hobbies to achieve “fulfillment”. Work is what ensures you can afford them. Lar...
by BolderBoy
Tue Nov 13, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (2019 Update)
Replies: 19
Views: 1708

Re: Downloadable Social Security Benefit Estimator (2019 Update)

I’m 59 so a few years away from making decisions, but just want to give a big shout out to OP for providing this! Really generous of you. +1. Agreed completely. Thanks you! Neurosphere, would it be possible to modify the graph to show the "bend points" which the SSA talks about on their calculator?...
by BolderBoy
Mon Nov 12, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth it to rent our house?
Replies: 12
Views: 1039

Re: Is it worth it to rent our house?

TheHouse7 wrote:
Mon Nov 12, 2018 9:08 am
Don't become a landlord by default.
This sounds like such good and simple advice!
by BolderBoy
Mon Nov 12, 2018 10:19 am
Forum: Personal Consumer Issues
Topic: Trying to move out.
Replies: 25
Views: 2007

Re: Trying to move out.

Are all the dogs at issue, neutered?
by BolderBoy
Mon Nov 12, 2018 10:16 am
Forum: Personal Consumer Issues
Topic: Prepaying for Rental Car - Availability Guaranteed?
Replies: 21
Views: 1191

Re: Prepaying for Rental Car - Availability Guaranteed?

If I prepay for the reservation, does that guarantee the rental availability? I'm asking with respect to holiday travel, so I expect a relatively high risk of there not being a car available. My understanding is that a "reservation", even if prepaid, only guarantees the rate. Whether there will act...
by BolderBoy
Thu Nov 08, 2018 4:46 pm
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 4086

Re: tipping for grocery delivery

I had to use the local grocery store chain's picking/delivering service a few months back. On the receipt presented to me when I placed my order was a line-item charge for "Tip" and an amount included.

So I didn't give the deliveryman anything extra.
by BolderBoy
Thu Nov 08, 2018 4:42 pm
Forum: Personal Consumer Issues
Topic: Should I demand a refund from a dentist who installed a bad crown?
Replies: 12
Views: 1376

Re: Should I demand a refund from a dentist who installed a bad crown?

Obtaining a refund is probably going to be harder to pursue than you think. The first dentist may simply say that it is a difference of professional opinion. In that case you'll need another dentist to say the first guy screwed up (and should give you a refund) - good luck with getting another denti...
by BolderBoy
Wed Nov 07, 2018 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Time to ditch the financial advisor?
Replies: 17
Views: 2155

Re: Time to ditch the financial advisor?

I have significant equity in both my personal residence and rental properties which are cash positive. So you are making money on your rentals? And paying taxes on that money at your marginal tax rates? How is that different than having a taxable bond fund or taxable REIT fund in your non-retiremen...
by BolderBoy
Wed Nov 07, 2018 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Investing neophyte. Help with portfolio please
Replies: 2
Views: 706

Re: Investing neophyte. Help with portfolio please

I want to be able to do a backdoor Roth IRA for both my wife and I. Based on my reading, I will need to move both of our IRAs (?) into a 401k/403b account. Through work, my wife can move her IRA to the Roth 403b. Will she then need to pay taxes? If so any other suggestions on how to save paying tax...
by BolderBoy
Wed Nov 07, 2018 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 7637

Re: Move savings to Prime Money Market Fund (VMMXX)

DesertInvestor wrote:
Wed Nov 07, 2018 3:22 pm
What do you think of municipal money market? That is where I have my cash.
Likewise. I like it.
by BolderBoy
Tue Nov 06, 2018 5:10 pm
Forum: Personal Consumer Issues
Topic: Paper or Paperless? How and what financial records do you keep?
Replies: 50
Views: 3685

Re: Paper or Paperless? How and what financial records do you keep?

I did buy a Fujitsu ScanSnap last year that I mainly use for digitizing textbooks for work rather than financial recordkeeping. I used my ScanSnap to scan everything - all 30+ years, then shredded all the paper. That was in the mid-2000s and have not regretted it. Literally reclaimed an entire room...
by BolderBoy
Tue Nov 06, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: What's the 'safest' decision?
Replies: 17
Views: 2364

Re: What's the 'safest' decision?

What path leads to the most financial security for me and my family? A. Pay off 188k 15 year 4.75% fixed rental property loan (that I occupy for small business). Eventually eliminate $1616 monthly payment. B. Pay off 152k 30 year 3.125% fixed home mortgage. Eventually eliminate $750 monthly payment...
by BolderBoy
Mon Nov 05, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Financial Checkup: Post-Wedding Pre-Children
Replies: 7
Views: 1191

Re: Financial Checkup: Post-Wedding Pre-Children

RedClay wrote:
Sun Nov 04, 2018 7:12 pm
In the next two or three years, my income will likely fall to the low 100k's...
Is this normal in your line of work?
by BolderBoy
Mon Nov 05, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Do I need more than Original Medicare?
Replies: 110
Views: 6291

Re: Do I need more than Original Medicare?

...I can afford, and do not mind paying, Part A and Part B deductibles.... If you can afford Part A and B deductibles, then you can afford Medigap and Part D premiums or Medicare Advantage premiums. Don't be foolish over a few extra dollars. Agree with this. OP, you cannot presently fathom just how...
by BolderBoy
Sun Nov 04, 2018 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Military Pilot- 8/10 yrs to FIRE, need help! BONDS/ Taxes
Replies: 22
Views: 2791

Re: Military Pilot- 8/10 yrs to FIRE, need help! BONDS/ Taxes

We reached 1 million this year... FIRE Goal: 2.5/3 million in 10 years I think you need to tone down your expectations a bit. Yes, continue saving / investing like fanatics, but with the outline you provided, reaching $3 million in the next 10 years is pretty optimistic. I guess you don’t want to h...
by BolderBoy
Sun Nov 04, 2018 10:44 pm
Forum: Personal Consumer Issues
Topic: Offsite data storage
Replies: 10
Views: 1105

Re: Offsite data storage

Phineas J. Whoopee wrote:
Sun Nov 04, 2018 2:32 pm
Be sure to use heavy-duty Ziploc bags or their equivalent to protect the media from water damage should there be a fire or flood in the vault.
Stellar suggestion. I'll be sure to take along a bunch of Ziploc bags with me next time I go to the safe deposit box. Thanks!
by BolderBoy
Sun Nov 04, 2018 10:35 pm
Forum: Personal Consumer Issues
Topic: Help Me Get Rid of Chubb/Reduce Cost of Homeowners Insurance
Replies: 10
Views: 1348

Re: Help Me Get Rid of Chubb/Reduce Cost of Homeowners Insurance

Note: in 25 years we have had one claim - water damage during the horrific winter of 2015. And yes, Chubb came through the house and gave us very generous, no hassle coverage. They basically eyeballed the damaged and came up with numbers on the spot. They were great. We’ve had the same good experie...