Search found 938 matches

by Mitchell777
Sat May 26, 2018 2:34 pm
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5076

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

please explain..........faster settlement As a side note, a new-issue CD sometimes starts trading on the secondary market at a higher net yield before its first settlement date, which is another reason I prefer the secondary market. Kevin - If it is new issue. how does it get onto the secondary mar...
by Mitchell777
Wed May 23, 2018 9:11 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 206
Views: 28169

Re: 2-year CDs at Vanguard and Fidelity Today

Thanks Kevin. I'm going to print this one. Very insightful.
by Mitchell777
Tue May 22, 2018 7:40 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 206
Views: 28169

Re: 2-year CDs at Vanguard and Fidelity Today

I see now that it reads "known future coupon rates" CUSIP 48125YZ98 Security type Certificate of deposit Issuer JP Morgan Chase Bank NA Maturity 05/20/2021 Coupon 1.250 Debt ranking Unknown Security notes — FDIC no. 628 State OH Coupon type Stepped: Known Future Coupon Rates Next coupon 11/20/2018
by Mitchell777
Tue May 22, 2018 4:27 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 206
Views: 28169

Re: 2-year CDs at Vanguard and Fidelity Today

Is a multi-step coupon (CD) just a step up CD (different yields for later time periods)? I always thought the owner controlled if and when the step up occurred and I'm not sure how that would work with a secondary CD through Vanguard. Would the yield Vanguard shows take that all into account? Thanks
by Mitchell777
Mon May 21, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 83
Views: 7317

Re: Alzheimer's Disease, Long Term Care, and your Retirement Finances

In my mother's case they wanted to know every asset she had or transferred in the past 5 years. As far as a facility giving away your bed when you are in the hospital, I'm sure some will try anything. I'd have an attorney calling them real fast.
by Mitchell777
Mon May 21, 2018 5:43 am
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 83
Views: 7317

Re: Alzheimer's Disease, Long Term Care, and your Retirement Finances

Even those with the ability to self insure, a long tail yearly claim of 100,000 in today's dollars for 10 or more years is a very tough pill to swallow. I can't speak to Alzheimer's but have experience with full nursing care. At least in my area, if you choose a facility that accepts Medicaid you n...
by Mitchell777
Sun May 20, 2018 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Buying shares in Demutualized bank
Replies: 19
Views: 1477

Re: Buying shares in Demutualized bank

I invested in a couple of these over the years and passed on a third. The first couple were easier to analyze as there was one tier only. If someone was buying a bank, let's say a small bank with limited ownership as an example, they would put up the money to buy the bank and the former owners would...
by Mitchell777
Sat May 19, 2018 12:00 pm
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 2728

Re: What are downsides of ESPP @ 15% discount ?

I don't see much downside. I did this for years although I held mine for 2 years+ to get the LTCG. It worked for me since the stock price generally rose, but it adds risk.
by Mitchell777
Wed May 16, 2018 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Selling land FSBO help please
Replies: 27
Views: 1292

Re: Selling land FSBO help please

Understand the value. Put a sign on the land and/or other advertisement. We once sold a house, using a realtor, in one day. A guy across the street saw the sign and bought it. Over the years I've sold a house without an attorney and sold a house without a realtor. Although I had no problems, I would...
by Mitchell777
Tue May 15, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Executor - Vanguard
Replies: 9
Views: 1138

Re: Executor - Vanguard

Appreciate the responses. Finding a firm to invest money if one is incapacitated in not difficult. Not saying there is no difference in who you choose. However finding a person or firm to handle Executor or POA is not easy if you have no children or younger relatives. The friend I considered using d...
by Mitchell777
Mon May 14, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Executor - Vanguard
Replies: 9
Views: 1138

Executor - Vanguard

Just looking for confirm something. I just spoke to Vanguard regarding Trust Services, specifically Trustee, Executor, and POA. I was told they will act as Trustee for the investments, but not Executor or POA. Last time I had my will updated (several years ago) my attorney spoke to them and was unde...
by Mitchell777
Sat May 12, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: "Patient paid amount" for month of death in nursing home?
Replies: 33
Views: 3785

Re: "Patient paid amount" for month of death in nursing home?

Sorry for your loss. I understand SS clawing back the monthly payment which they will do. I can't understand why a grandchild would be expected to make it up unless it has something to do with you paying the delta for the private room. I don't think it should but I cannot think of anything else. The...
by Mitchell777
Fri May 11, 2018 4:57 am
Forum: Personal Consumer Issues
Topic: Do you know anyone unhappy in a CCRC?
Replies: 41
Views: 4537

Re: Do you know anyone unhappy in a CCRC?

Everyone can have a different experience but you are correct to "doubt it". Meal time was difficult in my experience. There could be 4 or 5 people in the little dining area that could not feed themselves. I fed my mother when I was there. Otherwise there were 2 CNA's to feed people and maybe one vo...
by Mitchell777
Thu May 10, 2018 8:13 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 206
Views: 28169

Re: 2-year CDs at Vanguard and Fidelity Today

Thanks Kevin. Stupid question but when I bring up, in Vanguard, a listing of both new and secondary issues that interest me I can click on the "BUY" action on new issues but cannot on the Secondary issues. For example I can't click on "BUY" for 2007GCNI Ally. The BUY button is not highlighted and c...
by Mitchell777
Thu May 10, 2018 5:52 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 206
Views: 28169

Re: 2-year CDs at Vanguard and Fidelity Today

Thanks Kevin. Stupid question but when I bring up, in Vanguard, a listing of both new and secondary issues that interest me I can click on the "BUY" action on new issues but cannot on the Secondary issues. For example I can't click on "BUY" for 2007GCNI Ally. The BUY button is not highlighted and ca...
by Mitchell777
Thu May 10, 2018 4:12 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 206
Views: 28169

Re: 2-year CDs at Vanguard and Fidelity Today

Was that 795450P58 SALLIE MAE BK SLT LAKE CITY UT CD 2.70000% 05/11/2020? I bought 10 at a slightly lower yield, then saw another batch become available at the higher yield with minimum quantity 20. At $1 commission, that's about 2.81% net for the former and 2.83% net for the latter. Yes believe so...
by Mitchell777
Thu May 10, 2018 2:50 pm
Forum: Personal Consumer Issues
Topic: Do you know anyone unhappy in a CCRC?
Replies: 41
Views: 4537

Re: Do you know anyone unhappy in a CCRC?

One of my biggest concerns is dementia. I think that is a bigger risk than physical debilitation for us elderly. How is the facility going to provide care for that? My friend's parents moved into an upscale CCRC and then the mother developed Alzheimer's. Fortunately for her, the father was able to ...
by Mitchell777
Thu May 10, 2018 11:42 am
Forum: Personal Consumer Issues
Topic: Do you know anyone unhappy in a CCRC?
Replies: 41
Views: 4537

Re: Do you know anyone unhappy in a CCRC?

I've wondered what happens if the CCRC does not have a nursing bed when a resident needs to move from independent or assisted living to nursing. Or, when a bed is available but there are one or two people who will come from their personal home to nursing, paying $12K per month vs. The $4.5K per mont...
by Mitchell777
Wed May 09, 2018 5:34 pm
Forum: Personal Consumer Issues
Topic: Do you know anyone unhappy in a CCRC?
Replies: 41
Views: 4537

Re: Do you know anyone unhappy in a CCRC?

At my parents’ CCRC, they were able to stay at the top of the wait list when they’d declined an apartment and so did not have to move until they were ready. They wanted a two bedroom unit, and those did not become available frequently. Whether they could have done this indefinitely and/or if their ...
by Mitchell777
Wed May 09, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Medicare supplement policy G -does it offer guaranteed issue rights if insurance company goes bankrupt or ends?
Replies: 18
Views: 1131

Re: Medicare supplement policy G -does it offer guaranteed issue rights if insurance company goes bankrupt or ends?

Are there published rules regarding medical underwriting, or is it whatever the insurance carrier decides? Everyone I know personally in my area is signing up for Plan F as we reach 65 this year. I'd prefer F also with one major concern. In 2020 the youngest and healthiest people in Plan F will be 6...
by Mitchell777
Tue May 08, 2018 4:56 pm
Forum: Personal Consumer Issues
Topic: Medicare Phone Calls
Replies: 26
Views: 2220

Re: Medicare Phone Calls

Just an update for those receiving the calls. After I told a Supplemental phone sales person that I am still working (I'm really not) and will not be signing up for Medicare, the number of calls I receive went from 8 to 15 a day to 4 or 5 per day. Today I picked up another that comes all the time. W...
by Mitchell777
Tue May 08, 2018 2:28 pm
Forum: Personal Consumer Issues
Topic: Do you know anyone unhappy in a CCRC?
Replies: 41
Views: 4537

Re: Do you know anyone unhappy in a CCRC?

2. Take a good look at the assisted living and nursing home areas and if possible talk to people in them. Although they were touted as being top of the line in my mother's case, they were not adequately staffed and were depressing places. After short stints in both, after falls, she declared that s...
by Mitchell777
Mon May 07, 2018 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Elder Care Advice
Replies: 26
Views: 2129

Re: Elder Care Advice

consider first using the money in the tax deferred accounts so you can deduct the nursing care costs against that income. Thanks for the advice. Was considering this. Quick google search revealed... "The IRS allows you to deduct qualified medical expenses that exceed 7.5% of your adjusted gross inc...
by Mitchell777
Mon May 07, 2018 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA: Anyone know if you qualify if you resign?
Replies: 13
Views: 1209

Re: COBRA: Anyone know if you qualify if you resign?

I used it after resigning about a year ago. As I recall It does not matter how you leave other then being fired for some illicit or illegal activity
by Mitchell777
Mon May 07, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare supplement policy G -does it offer guaranteed issue rights if insurance company goes bankrupt or ends?
Replies: 18
Views: 1131

Re: Medicare supplement policy G -does it offer guaranteed issue rights if insurance company goes bankrupt or ends?

Learn something new every day. Apparently plans D, G, M, N do not have guaranteed issue rights. Kind of strange because the only difference between Plans C -> D and F -> G are the Medicare Part B deductible. Especially, considering that Plans C & D can not be sold to new enrollees starting 1/1/2020...
by Mitchell777
Mon May 07, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Elder Care Advice
Replies: 26
Views: 2129

Re: Elder Care Advice

Sorry. This is tough to go though. Just a financial thought. If and when tax deductible nursing care becomes necessary, consider first using the money in the tax deferred accounts so you can deduct the nursing care costs against that income.
by Mitchell777
Wed May 02, 2018 12:39 pm
Forum: Investing - Theory, News & General
Topic: 401k Stable Value Fund Rates?
Replies: 35
Views: 2443

Re: 401k Stable Value Fund Rates?

Was just thinking about this. Mine has been at 2% for the past 1, 3 and 5 yr periods (plus or minus 4 basis points). Thought I may see a very small uptick recently since the turnover is very high, but no change (returns show per month - still at 2%). Good bit of government paper in the fund and much...
by Mitchell777
Wed May 02, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Savings bond Wizard says Rate N/A for I bonds
Replies: 19
Views: 1816

Re: Savings bond Wizard says Rate N/A for I bonds

I had forgotten about this. When I updated the Wizard yesterday, it updated as usual. I checked a few. Guess this will be the last month.
by Mitchell777
Mon Apr 30, 2018 2:53 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 206
Views: 28169

Re: 2-year CDs at Vanguard and Fidelity Today

Kevin - Thanks. I'm just starting to buy CD's and Treasuries again and your insights are very helpful
by Mitchell777
Sat Apr 28, 2018 9:11 am
Forum: Personal Consumer Issues
Topic: Do you sell or donate unused items?
Replies: 46
Views: 2716

Re: Do you sell or donate unused items?

I've been struggling with this for some time as I declutter three generations of stuff. So far I've donated 99% of it (got a little tax deduction last year, probably nothing this year). I struggle because I know I could sell some of it but I don't want the hassle. Not that it would be a hassle for e...
by Mitchell777
Fri Apr 27, 2018 5:32 pm
Forum: Investing - Theory, News & General
Topic: Yield Curves-Treasury, CD, AA/AAA muni
Replies: 91
Views: 8659

Re: Yield Curves-Treasury, CD, AA/AAA muni

Sorry if I missed it but what is the cost to sell a Treasury? I see Vanguard does not handle the sale but will provide access to an OTC market. I know the bid/ask part just not sure what additional costs there may be. I'm not sure I want to sell but I bought a 5 year note a month or so ago at 2.625%...
by Mitchell777
Fri Apr 27, 2018 12:04 pm
Forum: Personal Consumer Issues
Topic: Medicare Phone Calls
Replies: 26
Views: 2220

Re: Medicare Phone Calls

These are almost certainly not Medicare. I get back and knee brace calls and I'm decades away from Medicare. As this is a financial website, I know of some people who are suing these telemarketers. One guy is taking a mid 5 figure amount pre-suit. They are Medicare related calls (not the government...
by Mitchell777
Thu Apr 26, 2018 3:29 pm
Forum: Personal Consumer Issues
Topic: Medicare Phone Calls
Replies: 26
Views: 2220

Medicare Phone Calls

At the beginning of this month I was six months from 65. I started to get a lot of unsolicited calls the first Monday of the month. I thought it would end but it's weeks later and still getting 8 to 15 per day, 5 days per week. I turned off the phone so I don't need to hear the constant ringing but ...
by Mitchell777
Wed Apr 25, 2018 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: MAGI and Medicare Premium
Replies: 17
Views: 2093

Re: MAGI and Medicare Premium

So I just returned from the SS office, where I filed for Medicare. All went smoothly but the lady couldn't take the SSA-44 form (showing life changing event -- in my case DW's retirement) with the application. She said that I should wait until I am billed (not yet taking SS), and file then. So it s...
by Mitchell777
Wed Apr 25, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 73
Views: 5291

Re: [Vanguard account locked out due to deceased owner]

When I went through this the accounts were locked. I was fortunate to have been handling the accounts for years so I had copies of statements. Otherwise it may have been more difficult. I can say the individual they gave me that handles inheritances was fairly efficient.
by Mitchell777
Sun Apr 22, 2018 5:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Surveys
Replies: 44
Views: 2357

Re: Vanguard Surveys

I received a couple requests recently but have not gotten to it. I've received a number of requests over the years as I recall, one which they paid me $25 to do but that one took about 30 minutes.
by Mitchell777
Mon Apr 16, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: How much salary did you negotiate?
Replies: 20
Views: 2647

Re: How much salary did you negotiate?

Every situation is different. It's difficult to advise when not in your shoes. I would offer this. This sort of negotiation is not like selling or buying a house where you will never deal with the other party again. You are going to work for one of them soon, and you may want to work for one of the ...
by Mitchell777
Mon Apr 16, 2018 9:29 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 206
Views: 28169

Re: 2-year CDs at Vanguard and Fidelity Today

What does "private" mean in this case? I'm thinking of purchasing a 2 or 3 yr new issue. I'm old enough to recall private banks and one of them went insolvent in my area. I assume this has a different connotation. - Thank you in advance 61760AKH1 Security type Certificate of deposit Issuer Morgan St...
by Mitchell777
Fri Apr 13, 2018 5:54 pm
Forum: Personal Consumer Issues
Topic: Delta Dental through AARP vs. Direct
Replies: 7
Views: 980

Delta Dental through AARP vs. Direct

I have a question regarding buying Delta Dental insurance in retirement. I'm aware of the arguments regarding paying cash instead of buying insurance (from reading prior posts). My question pertains to buying Delta Dental direct vs. buying through AARP. I went into the AARP site which then takes you...
by Mitchell777
Thu Mar 29, 2018 4:29 pm
Forum: Personal Consumer Issues
Topic: Getting Furniture into a Basement
Replies: 39
Views: 2753

Re: Getting Furniture into a Basement

However you get it down, think about how to get it back up and out when that day comes. I'm going through that now with old furniture that does not come apart. I could not figure out how we got it down the narrow hallway and down the steps as heavy as it is. Then I remembered I'm now 25 years older ...
by Mitchell777
Mon Mar 26, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How does your retirement spending compare to pre-retirement spending?
Replies: 48
Views: 6554

Re: Retirees: How does your retirement spending compare to pre-retirement spending?

Just reviewed this. During my first year of retirement I spent more than I thought and more than when working. When I dug into the numbers I realized a bit over 28% of my expenses were medical (COBRA insurance and out of pocket). Big difference vs when I was working.
by Mitchell777
Mon Mar 26, 2018 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: CD Ladder in Tax Sheltered Account?
Replies: 14
Views: 771

Re: CD Ladder in Tax Sheltered Account?

I've been buying (laddering) CD's at multiple banks and CU's for a number of years but not within a retirement account. It's been a bit of a hassle but worth it to me. Recently as some have matured I found I can now get comparable rates, or close, on Treasury notes (buying through Vanguard)
by Mitchell777
Mon Mar 19, 2018 12:02 pm
Forum: Personal Consumer Issues
Topic: Credit Monitoring
Replies: 4
Views: 308

Credit Monitoring

I just received a letter explaining my name, address and SS may have been compromised due to a "security incident". It's my state education system for which I worked one year, forty years ago. This is the fourth or fifth time I've been through this. I froze my credit at all five agencies some time a...
by Mitchell777
Tue Mar 13, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: TT Roth Contribution [TurboTax]
Replies: 10
Views: 578

Re: TT Roth Contribution [TurboTax]

Silk McCue wrote:
Tue Mar 13, 2018 8:03 pm
I haven't done this years taxes but just opened up last years TT. If I View -> Forms I find "IRA Contrib Wks" and "IRA Info Wks".
Thanks again. I see it now. I was going in under "File". It's been a longgg day.
by Mitchell777
Tue Mar 13, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: TT Roth Contribution [TurboTax]
Replies: 10
Views: 578

Re: TT ROTH Contribution

When you print out in TurboTax you have the option to decide what level of print out you want (tax relevant only, as files, all documents) - if I recall correct than the latter will print out a tax 2017 Roth IRA contribution level - as you entered into the tax program to begin with. But this is jus...
by Mitchell777
Tue Mar 13, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: TT Roth Contribution [TurboTax]
Replies: 10
Views: 578

Re: TT ROTH Contribution

Thank you Silk. Not sure why I could not find that using the search parameters. Could be that I'm about twenty hours into the tax process and ready to jump off the roof.
by Mitchell777
Tue Mar 13, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: TT Roth Contribution [TurboTax]
Replies: 10
Views: 578

TT Roth Contribution [TurboTax]

I am making a 2017 ROTH contribution of $6500. It's been years since I've been able to make a ROTH contribution and it will be my last due to retirement. I do not see the $6500 noted anywhere on the Turbo Tax printed documents. I know it does not impact my taxes but I thought the amount would be not...
by Mitchell777
Thu Mar 08, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: Is near FI + Employment almost as good as Retirement?
Replies: 39
Views: 4435

Re: Is near FI + Employment almost as good as Retirement?

It was almost as stress free for me, maybe as stress free. But I was in the best work situation I had ever had. I've learned that can change in an instant and I've been through many of those changes. New boss, restructuring, business goes from great to bad.
by Mitchell777
Sat Mar 03, 2018 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Safe to File Income Tax Now?
Replies: 13
Views: 1155

Re: Safe to File Income Tax Now?

I just received a corrected DIV form from Vanguard Brokerage this morning. The correction was for an individual stock I purchased years ago and was not a major $ difference
by Mitchell777
Fri Mar 02, 2018 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Over 62 and waiting to claim Social Security? - Potential Fraud alert
Replies: 28
Views: 3244

Re: Over 62 and waiting to claim Social Security? - Potential Fraud alert

How would this work? If you cannot set up a SS account on line because you have frozen your credit, how would someone fraudulently apply for benefits in your name.