Search found 1020 matches

by Mitchell777
Tue Dec 04, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: RMD after switching from INV to ADM shares
Replies: 5
Views: 424

Re: RMD after switching from INV to ADM shares

I just wanted to alert anyone who switched their funds from INV to ADM in an IRA with RMD. I think most people understand. I just wanted to help.
by Mitchell777
Tue Dec 04, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: RMD after switching from INV to ADM shares
Replies: 5
Views: 424

RMD after switching from INV to ADM shares

This may not apply to anyone else but thought I'd pass along. I was notified I could switch an inherited INV IRA to ADM which I did on 11/21/18. The INV IRA was set for automatic RMD on 12/1/18 of each year. Although I was assured by my rep the RMD would carry over from INV to ADM, it did not. No RM...
by Mitchell777
Mon Dec 03, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Avoidance Strategies
Replies: 20
Views: 1672

Re: IRMAA Avoidance Strategies

Not sure what you can do other than have tax efficient equity funds outside your tax deferred accounts. I've just been looking at this. It will be more of a concern for ME in 2019 as interest rates are up and the IRMAA tiers have been adjusted to have one jump into tier three sooner. I have only fix...
by Mitchell777
Fri Nov 30, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: IRMAA Question
Replies: 6
Views: 386

IRMAA Question

Question regarding IRMAA (Income Related Monthly Adjustment Amount). This is not about the life-changing event. I’m going through that now for the second time so I understand that part. This is about when there is no life-changing event. For example: For 2019 IRMAA, they would look at MAGI for 2017....
by Mitchell777
Sat Nov 17, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Flagship Services Include Free Annual Tuneup. Q.’s to Ask?
Replies: 14
Views: 1670

Re: Flagship Services Include Free Annual Tuneup. Q.’s to Ask?

I'm not sure that there's much Vanguard could do to help you out. It seems like what you have is working. It does seem like you are investing for your heirs at this point. If that's the case would you want to make any changes? Funny thing happened over the years as we aged and accumulated more weal...
by Mitchell777
Sat Nov 17, 2018 7:38 am
Forum: Investing - Help with Personal Investments
Topic: LOST OVER $400 on CDs in 2 Weeks!
Replies: 24
Views: 4366

Re: LOST OVER $400 on CDs in 2 Weeks!

As I recall Vanguard provides a daily value on the CD much like if it were a bond. So, if interest rates go up the value goes down and vice-versa. You would only lose if you sell and I believe it's not easy to sell the brokerage CD's or better stated it's costly. Ten years is pretty far to go out bu...
by Mitchell777
Wed Nov 14, 2018 7:19 pm
Forum: Personal Consumer Issues
Topic: Blue Cross, Blue Shield dental plans
Replies: 7
Views: 1058

Re: Blue Cross, Blue Shield dental plans

southerndoc wrote:
Wed Nov 14, 2018 2:37 am
Seems decent. I have it, but we rarely use it because we go to an out-of-network provider. Pretty cheap to cover catastrophes.
What do you mean by cover catastrophes? Most of the plans I've researched only covered up to $1K or $1.5K per year, so I have not purchased any yet. Thanks
by Mitchell777
Fri Nov 02, 2018 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Selling House Directly to Buyer
Replies: 28
Views: 2673

Re: Selling House Directly to Buyer

I did this although it was a long time ago. Got a local attorney who did a lot of real estate work. Cost less than half of 1% of the value on a very modest home. I do not think the guy I sold it to, a co-worker of a family member, had an attorney.
by Mitchell777
Sat Oct 27, 2018 9:41 am
Forum: Personal Consumer Issues
Topic: Space needed small bathroom 1st floor?
Replies: 15
Views: 1358

Re: Space needed small bathroom 1st floor?

I think it would need to be fairly large. I have a small 1/2 bath on the first floor. My mother was not able to get her walker into the bathroom. Well, maybe she could as a very, very tight squeeze but she could never have turned it even at a 90 degree angle to use the facilities Had she fallen in t...
by Mitchell777
Wed Oct 24, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: What keeps you up at night?
Replies: 56
Views: 6139

Re: Retirees: What keeps you up at night?

My health. I've had a dozen friends, close relatives, and former colleagues die between the ages of 55 and 67. Does not keep me up at night although I wish I could sleep as well as when I was in my 20's and 30's.
by Mitchell777
Thu Oct 18, 2018 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Heavy Loss in Stable Value Fund of 401k investments
Replies: 32
Views: 4267

Re: Heavy Loss in Stable Value Fund of 401k investments

I knew they could lose money if one of the underlying insurance companies declares bankruptcy because I lived through that years ago. Never heard of this situation before. Sorry for the financial loss.
by Mitchell777
Fri Oct 12, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 36599

Re: free dinner investing seminar

FBN2014 wrote:
Fri Oct 12, 2018 8:15 am
FIREchief wrote:
Thu Oct 11, 2018 11:34 pm
Scrapr wrote:
Thu Oct 11, 2018 11:05 pm
FIREchief wrote:
Thu Oct 11, 2018 2:48 pm

The pitch is always for annuities. One advisor asked me to leave when I told him that I subscribe to the Bogle investing philosophy.
Hopefully this was after you ate. :D
by Mitchell777
Wed Oct 10, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Between Jobs: Obamacare vs COBRA?
Replies: 30
Views: 1614

Re: Between Jobs: Obamacare vs COBRA?

Check the ACA price. A couple years ago it was ~ $1500 per month for me (1 person), no dental and no vision. That was because my income was > $49K. COBRA cost me $665/month incl dental and vision. Similar deductibles ($1500 I think)
by Mitchell777
Sun Oct 07, 2018 8:42 am
Forum: Investing - Theory, News & General
Topic: 2-Year Treasury Note Auction
Replies: 102
Views: 9696

Re: 2-Year Treasury Note Auction

Non retirement account. Looking at Vanguard it appears the first ($25K) would have a loss of $436. The second ($666) $666. I guess, as an example, if I sold the second Treasury I'd lose $666.00. If I then bought a 2 yr CD at 3% I'd gain ~ $310 per year and have an earlier maturity than the current ...
by Mitchell777
Sat Oct 06, 2018 4:20 pm
Forum: Investing - Theory, News & General
Topic: 2-Year Treasury Note Auction
Replies: 102
Views: 9696

Re: 2-Year Treasury Note Auction

Now that I think more on it, if I sell now it would be a ST Capital loss. I'd need a ST Capital gain to write it off against.
by Mitchell777
Sat Oct 06, 2018 4:12 pm
Forum: Investing - Theory, News & General
Topic: 2-Year Treasury Note Auction
Replies: 102
Views: 9696

Re: 2-Year Treasury Note Auction

Kevin and others: Have you sold Treasuries as interest rates have been increasing? I know I will take a loss on the Treasury (not exactly sure of the math at this point) but my thought is to replace them with a CD with approx. the same maturity date. I own the following 2.625%: matures 2023 02 28 ;...
by Mitchell777
Fri Oct 05, 2018 6:05 pm
Forum: Investing - Theory, News & General
Topic: 2-Year Treasury Note Auction
Replies: 102
Views: 9696

Re: 2-Year Treasury Note Auction

Kevin and others: Have you sold Treasuries as interest rates have been increasing? I know I will take a loss on the Treasury (not exactly sure of the math at this point) but my thought is to replace them with a CD with approx. the same maturity date. I own the following 2.625%: matures 2023 02 28 ; ...
by Mitchell777
Mon Oct 01, 2018 1:56 pm
Forum: Personal Consumer Issues
Topic: Asphalt driveway replacement
Replies: 21
Views: 2062

Re: Asphalt driveway replacement

I had a quote last year: 89 sq yards (PA): $5350 (get your own permit) Excavate and grade, remove excess fill Fine grade area Install #2A modified stone to compacted thickness of 4" Spray for vegetation Install binder course asphalt to compacted thinkness of 2" Install ID#2 Wearing course (topping) ...
by Mitchell777
Fri Sep 14, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard and Certificate of Deposits
Replies: 8
Views: 1178

Re: Vanguard and Certificate of Deposits

Not sure I understand the question but Vanguard does offer new issue CD's and secondary market CD's. All FDIC insured.
by Mitchell777
Wed Sep 12, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 6096

Re: Lab test prices - exasperating!

I am not yet on Medicare. I hope they cover Vit D testing as I struggle to keep it where the doc wants it. If the price is anywhere around $200 that would be a shock if not covered. I know what that test is billed to large corporate customers and it is a tiny fraction of $200. I hope my doc has some...
by Mitchell777
Mon Sep 10, 2018 6:57 pm
Forum: Investing - Theory, News & General
Topic: Medallion Signature guarantee?
Replies: 28
Views: 2404

Re: Medallion Signature guarantee?

I had mine done by a bank manager at my bank. It was not the bank my mother used. Your estate attorney should know the banks and individuals that can do it. I know when I had it done the bank manager told me she had just been talking to a paralegal from my attorney's office.
by Mitchell777
Thu Sep 06, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Tax-exempt interest to reduce IRMAA?
Replies: 15
Views: 974

Re: Tax-exempt interest to reduce IRMAA?

If you were to move to TE it MAY reduce your MAGI enough to stay out of IRMAA or keep you out of the next bracket. That is only because you would expect TE to have a lower interest rate than taxable (the TE still counts toward IRMAA). I would not want to do it because of diversification and also bec...
by Mitchell777
Thu Sep 06, 2018 2:00 pm
Forum: Personal Consumer Issues
Topic: Elderly (innocent) relative received this horrible email
Replies: 51
Views: 6032

Re: Elderly (innocent) relative received this horrible email

A friend told me recently he rec'd an email stating someone had his passwords and, indeed, did have one they provided. It was not to a financial site but he did change all his passwords
by Mitchell777
Wed Sep 05, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Breaking up IRMAA,,,, Medicare that is
Replies: 5
Views: 518

Re: Breaking up IRMAA,,,, Medicare that is

RetiredArtist wrote:
Wed Sep 05, 2018 5:39 pm
I thought Medicare got your yearly income from your tax returns. So if your income goes down, so does IRMAA. Am I wrong?
They do but they use the tax return two years in the past (one year by tax year). So for me, recently going through this, they used 2016 when I was working full time.
by Mitchell777
Wed Sep 05, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Breaking up IRMAA,,,, Medicare that is
Replies: 5
Views: 518

Re: Breaking up IRMAA,,,, Medicare that is

You should be OK if you have the SSA-44 form and a letter from your employer(s) verifying that you have retired. I just went through this and my problem arose because I had not yet signed up for Part B and I am not yet collecting SS. So I was told at the SS office they could not help me until they k...
by Mitchell777
Tue Sep 04, 2018 6:39 pm
Forum: Personal Consumer Issues
Topic: Neighbor Fencing question
Replies: 50
Views: 4097

Re: Neighbor Fencing question

I would want to know exactly where the property line is. If the fence is on my property, I'd pay to replace it (not suggesting what you should do, just me). I would not ask anyone to pay half. If it's not my fence I would not want to pay to replace it unless there was no other option for me. If it's...
by Mitchell777
Sun Sep 02, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Using your home as old age care self-insurance?
Replies: 74
Views: 5933

Re: Using your home as old age care self-insurance?

My friend planned to die at home and recently did. Unfortunately he was 64 and it was unexpected. The problem is when you're 84 or 94 and it takes two healthy people to lift you on and off the john.
by Mitchell777
Thu Aug 30, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting
Replies: 43
Views: 3385

Re: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting

So if you start Medicare in Sept using Supplemental Plan G you pay the $183 deductible if you use medical services in remainder of 2018. Then the $183 must be paid again in 2019 if you use medical services. Is that correct?
by Mitchell777
Thu Aug 30, 2018 4:55 pm
Forum: Personal Consumer Issues
Topic: Are Skilled Nursing Facilities that Accept Medicaid Really That Bad?
Replies: 30
Views: 3672

Re: Are Skilled Nursing Facilities that Accept Medicaid Really That Bad?

I have a family member who is in a skilled nursing facility for rehab after a fall..... Is this family member the M.I.L. that your husband wants to move into your home? The one you wrote about in the other thread that got locked? Yes, it is. She is currently in rehab, and it is quite possible she w...
by Mitchell777
Thu Aug 30, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: Are Skilled Nursing Facilities that Accept Medicaid Really That Bad?
Replies: 30
Views: 3672

Re: Are Skilled Nursing Facilities that Accept Medicaid Really That Bad?

It is very specific to the institution as you can read in the other posts. My experience was there was no difference between private pay and Medicaid in the facility I experienced. I even recall asking if my mother would lose the private room if and when she moved onto Medicaid and was told they do ...
by Mitchell777
Sat Aug 25, 2018 6:00 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 64
Views: 9660

Re: Vanguard as trustee

I wonder how far down the 3% max executor fee goes. As an example I had all my money at Vanguard, or anywhere, in three funds, and I had no debt, it does not seem like there would be much more work if I had $3M vs $300K. Also, what does a bank, or Vanguard, do for the trust management fee if it does...
by Mitchell777
Fri Aug 17, 2018 10:04 am
Forum: Investing - Theory, News & General
Topic: Freedom Credit Union 30 Month 3.56%APY CD (Closed))
Replies: 15
Views: 1870

Re: Freedom Credit Union 30 Month 3.56%APY CD (Closed))

For me, it depends on the amount I have to invest. In this case, the incremental interest, per year, was a bit over $1K vs. similar investments in terms of time and risk. I did have to quickly move around some money and drive 1.5 hours to get there to set it up in person. It was worth it in this cas...
by Mitchell777
Thu Aug 16, 2018 7:29 pm
Forum: Personal Consumer Issues
Topic: Celebrating the day you retired
Replies: 46
Views: 3242

Re: Celebrating the day you retired

On the day of, I was shedding tears on the way to the car and the next morning I had a toothache that required a root canal. So, I may not be the best person to opine about a celebration.
by Mitchell777
Thu Aug 16, 2018 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 137
Views: 18450

Re: Teachers Who Have Net Worth of $1 million +

It very much depends on where you live and teach. I know quite a few teachers. Most do not seem to be concerned so much about net worth. Their pensions are, or will be, 87.5% of salary after 35 years (plus SS in my state) and they are now well into middle age making in the $80K to $95K range. Newer ...
by Mitchell777
Thu Aug 16, 2018 6:19 pm
Forum: Investing - Theory, News & General
Topic: Freedom Credit Union 30 Month 3.56%APY CD (Closed))
Replies: 15
Views: 1870

Re: Freedom Credit Union 30 Month 3.56%APY CD

Were they accepting money from out of state? I'm familiar with CU's in this area of PA and they usually require you live, work, or attend school or church in their counties. Although they rarely ask if you show up in person.
by Mitchell777
Thu Aug 16, 2018 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct vs Vanguard for purchase
Replies: 7
Views: 863

Re: Treasury Direct vs Vanguard for purchase

At Vanguard you could easily sell them on the secondary market, but can only buy increments of $1,000. Some people complain about the TD website but you have experience with it already. That's about the only differences I know. I don't see how already having assets at Vanguard matters since you als...
by Mitchell777
Wed Aug 15, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Paying for Medicare by credit card
Replies: 10
Views: 1165

Re: Paying for Medicare by credit card

I pay by credit card to get the 2 percent reward, but I send in three months of premiums at a time so I don't have to hassle with monthly remittance. I also use a virtual number on the slip I send back and make a notation that the payment is for more than one month. I did get nervous once when the ...
by Mitchell777
Wed Aug 15, 2018 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Paying for Medicare by credit card
Replies: 10
Views: 1165

Re: Paying for Medicare by credit card

I am going onto Original Medicare Parts A and B in a couple months. Not yet taking SS and no plans to start soon. I see the four ways of paying for Medicare. One is cc. Is there a fee for paying by cc? I know with taxes they add on a fee for cc payment that makes it not worthwhile. Thanks You can p...
by Mitchell777
Tue Aug 14, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for Medicare by credit card
Replies: 10
Views: 1165

Re: Paying for Medicare by credit card

Artsdoctor and Informal Guide - Thank you so much for responding to my question. That helps.
by Mitchell777
Tue Aug 14, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for Medicare by credit card
Replies: 10
Views: 1165

Paying for Medicare by credit card

I am going onto Original Medicare Parts A and B in a couple months. Not yet taking SS and no plans to start soon. I see the four ways of paying for Medicare. One is cc. Is there a fee for paying by cc? I know with taxes they add on a fee for cc payment that makes it not worthwhile. Thanks
by Mitchell777
Fri Aug 03, 2018 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: New Retiree seeks feedback
Replies: 4
Views: 878

Re: New Retiree seeks feedback

I would ask myself if I will rebalance annually if my equities should drop 50%. If so seems reasonable.
by Mitchell777
Thu Aug 02, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare supplemental, etc.
Replies: 24
Views: 1635

Re: Medicare supplemental, etc.

For Medigap supplement , wife uses Equitable , I use Atena (Colonial Life) . You can change this every year. IMHO, avoid AARP. What problems have been experienced with AARP? In my area I'm finding it difficult to find anyone I know who is not using AARP UnitedHealth supplemental. I'm not hearing of...
by Mitchell777
Tue Jul 31, 2018 6:19 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 480
Views: 73218

Re: 2-year CDs at Vanguard and Fidelity Today

Thanks Kevin - I have a CD that matured at a local bank. I was trying to get 2.85%+ but not seeing it on the secondary market at Vanguard in 50 or more lots. Same with three year at 3.1%. I saw some recently and bought but not in the past few days
by Mitchell777
Tue Jul 31, 2018 5:46 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 480
Views: 73218

Re: 2-year CDs at Vanguard and Fidelity Today

Kevin - Have you purchased any callable CD's? I just started buying CD's on the secondary market and have in the past bought some new issue. Never callable. I see a JPMorgan 48128FNS7 two year callable after one year (Vanguard). It looks like worst case I would get 2.85% after one year, or it is not...
by Mitchell777
Sat Jul 28, 2018 7:08 am
Forum: Personal Consumer Issues
Topic: Mold in caulk of shower
Replies: 21
Views: 2325

Re: Mold in caulk of shower

I had a real problem where the tub meets the tile, very dark and unsightly caulk. Several hours of bleach soaked cotton balls and it was pure white again. On the other hand I tried the same on a few spots between tiles and it did not work at all.
by Mitchell777
Tue Jul 24, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: 2-Year Treasury Note Auction
Replies: 102
Views: 9696

Re: 2-Year Treasury Note Auction

Kevin - what is the calculation that gets you from 2.657% to 2.984%? Thanks
by Mitchell777
Tue Jul 24, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Turned down for credit card
Replies: 35
Views: 2972

Re: Turned down for credit card

My 27 yo son have applied for a credit card, and been turned down twice. He’s told its because he has no credit history. He has a college degree, makes 70k, has 30k in the bank(the same bank that turned down his cc request). He has no debt, hasn’t ever had a loan. He’s married and both he and his w...
by Mitchell777
Mon Jul 23, 2018 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone sell their car to Carmax or webuyanycar.com?
Replies: 34
Views: 4180

Re: Anyone sell their car to Carmax or webuyanycar.com?

Tried we buy any car a few years ago. Got price. Then talked to my mechanic who buys and sells used cars. He offered me 20% more so sold it to him.
by Mitchell777
Sun Jul 22, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Appears that Medicare Guaranteed Issue Plan F will be replaced with G
Replies: 40
Views: 3463

Re: Appears that Medicare Guaranteed Issue Plan F will be replaced with G

Short answer - because it is not profitable enough. Insurance companies like to make money. Not lose money. You could always call 'em up and just ask. But all you will probably get for your trouble is some bull**t answer like "Our research has shown that our customers prefer xxx and we also agree t...
by Mitchell777
Sat Jul 21, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Appears that Medicare Guaranteed Issue Plan F will be replaced with G
Replies: 40
Views: 3463

Re: Appears that Medicare Guaranteed Issue Plan F will be replaced with G

As I read the link, I think it says you could enroll in G today at age 65 or later, and still have the option of moving to Plan F at any time (before or after 2020) if you can pass medical questions. Is that correct? But then, that is not "Guaranteed Issue" is it? Guaranteed Issue is no underwritin...