Search found 7499 matches

by cheese_breath
Sat Jul 21, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Buy house for retired mother?
Replies: 7
Views: 600

Re: Buy house for retired mother

Have you considered a senior apartment community instead of a house? At 69 and single does she really need all the headaches that come with owning a house? Plus who knows how long her health will hold up, and if she might have to move out? True story. DW had a major stroke last year at age 71, only ...
by cheese_breath
Sat Jul 21, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Universal Life Insurance question - What to do?!?!
Replies: 11
Views: 697

Re: Universal Life Insurance question - What to do?!?!

A quick phone call to the insurance company will yield the "tax basis". It's not as simple as the cash value minus premium paid. The taxable amount will be ordinary income (not capital gain). I will do that, and that's useful information. Thank you friend. Why did you purchase this policy? Has your...
by cheese_breath
Sat Jul 21, 2018 4:11 pm
Forum: Personal Consumer Issues
Topic: Ways to minimize dust when sanding
Replies: 9
Views: 564

Re: Ways to minimize dust when sanding

mouses wrote:
Sat Jul 21, 2018 3:55 pm
Is the sanding necessary? Can't you get a smooth surface with a putty knife?
I think he'd be the first person to get it so smooth you wouldn't notice it when painted.
by cheese_breath
Sat Jul 21, 2018 11:58 am
Forum: Investing - Theory, News & General
Topic: does beneficiary trump all
Replies: 6
Views: 680

Re: does beneficiary trump all

I don't understand what this has to do with IRA beneficiaries. What does you being beneficiary on an IRA have to do with mom signing over her life savings? Is this the IRA you're referring to? If so, she would either have to change the beneficiary to them or cash out the IRA. Don't let her do either...
by cheese_breath
Sat Jul 21, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Universal Life Insurance question - What to do?!?!
Replies: 11
Views: 697

Re: Universal Life Insurance question - What to do?!?!

I guess the first question is, do you even need insurance? Single with no kids, who will you be leaving the money to? Assuming you do need insurance consider that you've been paying more than you should have for 25 years, but it's almost to the point where the costs will begin to exceed your premium...
by cheese_breath
Sat Jul 21, 2018 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Changing address for Social Security after a death
Replies: 10
Views: 644

Re: Changing address for Social Security after a death

Make sure MIL doesn't tell SSA that she and FIL were estranged. That could be a show stopper on the address change. I moved myself and DW (stroke victim) from MI to TX last April, and I'm still trying to get SSA to update her address. She can't talk or travel to their office, and they won't listen t...
by cheese_breath
Fri Jul 20, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Changing address for Social Security after a death
Replies: 10
Views: 644

Re: Changing address for Social Security after a death

... The amount that your FIL received this year will go on his own tax form to his own address which the executor will have to consider when preparing his taxes for 2018. There might not be be an executor because there isn't a will. Depends on the size of the estate. For a small non-probated estate...
by cheese_breath
Fri Jul 20, 2018 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Changing address for Social Security after a death
Replies: 10
Views: 644

Re: Changing address for Social Security after a death

Here's how the IRS determines who gets the tax forms https://www.irs.gov/businesses/small-businesses-self-employed/deceased-taxpayers-getting-information-from-the-irs And if nobody meets these criteria nobody gets the tax forms. I don't know if spouse would qualify under section A, box 1F (other) on...
by cheese_breath
Fri Jul 20, 2018 6:48 pm
Forum: Personal Consumer Issues
Topic: Watch Collection Reasonable or Unreasonable or Irresponsible?
Replies: 100
Views: 3878

Re: Watch Collection Reasonable or Unreasonable or Irresponsible?

I'll wrap up my comments here with a throwback to the thread where I discussed spending 5k on a pinball machine for myself. I got a lot of varied replies. I have shared on here my age (40s) and net (somewhere between 2 and 3 million). I have to wonder what the replies would have been if I had said ...
by cheese_breath
Fri Jul 20, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Appears that Medicare Guaranteed Issue Plan F will be replaced with G
Replies: 33
Views: 2071

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

I'm trying to decide between F and G now. I thought my insurance agent said I could take G now and still move into F in the future if I decided to make that change (if medical underwriting accepted). My bigger concern is F closing in 2020 to new people. Seems like for the most part the youngest peo...
by cheese_breath
Fri Jul 20, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Financial transparency
Replies: 19
Views: 831

Re: Financial transparency

Is it even worth letting your significant other know your net worth? Because then they may start thinking your a cheapo and demanding things because you can “afford it” and looking at you differently. Yes, if you're getting serious and thinking about marriage. Better to learn now and end it as you ...
by cheese_breath
Fri Jul 20, 2018 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 124
Views: 7871

Re: Should I Dump a Pile of Money on Young Son?

RudyS wrote:
Fri Jul 20, 2018 8:12 am
I wouldn't "ask him to hang onto it till we are both dead." Either give or not. No way to predict what might happen in the interim.
And once you do give it you lose all control. It's his to do what he wants.

Why not look into setting up a trust?
by cheese_breath
Fri Jul 20, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Selling mom's house
Replies: 50
Views: 3734

Re: Selling mom's house

I wonder what the sister's version of this story would be. Maybe something like she gave up 10 years of her life caring for your mother while the rest of you thought throwing some money her way took care of your responsibility? I'm not saying that's the way it was because I wasn't there. But don't b...
by cheese_breath
Thu Jul 19, 2018 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 102
Views: 7827

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

harrington wrote:
Thu Jul 19, 2018 12:27 pm
... Part of me wants to continue holding it to pass on to the next generation...
And if it turns out to ba another Enron? How will your next generation view you when they see your brother's next generation retired, and they're still working to scrape out a living?
by cheese_breath
Thu Jul 19, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 102
Views: 7827

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

Listen to the part that wants to diversify. I don't know what stock you're referring to, but I know a lot of to big to fail companies have gone belly up. Don't take the chance this might eventually be one.
by cheese_breath
Thu Jul 19, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Can churning negatively affect getting a good mortgage rate?
Replies: 19
Views: 1161

Re: Can churning negatively affect getting a good mortgage rate?

Carefreeap wrote:
Thu Jul 19, 2018 10:04 am
... Churning can mean a lot of different things....
So he might not be a dairy farmer? :shock:
by cheese_breath
Thu Jul 19, 2018 11:16 am
Forum: Personal Consumer Issues
Topic: Watch Collection Reasonable or Unreasonable or Irresponsible?
Replies: 100
Views: 3878

Re: Watch Collection Reasonable or Unreasonable or Irresponsible?

... but then I never did understand why people would collect watches, when the collectible ones can't keep time as accurately as any modern smartphone or even $60 quartz watch. :confused They don't collect watches to tell the time, just like Jay Leno doesn't collect cars to drive to work. BTW, Jay'...
by cheese_breath
Thu Jul 19, 2018 8:42 am
Forum: Personal Consumer Issues
Topic: Watch Collection Reasonable or Unreasonable or Irresponsible?
Replies: 100
Views: 3878

Re: Watch Collection Reasonable or Unreasonable or Irresponsible?

Different people collect different things. I wouldn't wouldn't necessarily sell what you already have, but I'd turn my focus to funding your retirement from now on.
by cheese_breath
Thu Jul 19, 2018 7:14 am
Forum: Investing - Theory, News & General
Topic: When you look across the horizon.....
Replies: 13
Views: 1417

Re: When you look across the horizon.....

It depends on what you see when you look over there. A lot of people come here looking for help because the view isn't very good.
by cheese_breath
Thu Jul 19, 2018 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Selling mom's house
Replies: 50
Views: 3734

Re: Selling mom's house

gotester2000 wrote:
Thu Jul 19, 2018 4:59 am
...Regarding things you did in good faith for family - be glad you did something good without expecting anything back - living in resentment will only give you further pain.
+1 Don't keep scorecards of who did more than others. Just be content in the memory you did it for your mother.
by cheese_breath
Wed Jul 18, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford private high school?
Replies: 20
Views: 1430

Re: Can I afford private school?

EmeraldRoth wrote:
Wed Jul 18, 2018 3:41 pm
... my husband’s parents have an account for my son that will cover the cost of any college. The school we would like to send our son is $40,000 a year. Do we have enough?
I guess you do if you use your husband's parent's account.
by cheese_breath
Wed Jul 18, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Selling mom's house
Replies: 50
Views: 3734

Re: Selling mom's house

I understood OP to say that the house was in his and his siblings' names before his mother died. So it wouldn't have been in the mother's estate. The children have owned it all along. Hard to tell. There's a conflict between "Also right after my mother inherited the home, she put the home in all of...
by cheese_breath
Wed Jul 18, 2018 9:17 am
Forum: Personal Finance (Not Investing)
Topic: $500k Term Life- get new policy?
Replies: 14
Views: 786

Re: $500k Term Life- get new policy?

Do you NEED it? You NEED to provide for your child for maybe another 10 years, but current policy still has 12 years to run. Do you have enough to self insure and provide for spouse after that or will you NEED more? be aware premiums often go up significantly when you hit 50. At least they did for me.
by cheese_breath
Wed Jul 18, 2018 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Selling mom's house
Replies: 50
Views: 3734

Re: Selling mom's house

When you say mom put the home in the childrens' names that means the deed now has your four names on it, and her's isn't. Yes? Then what she wanted has no legal bearing, and neither would a will. IMO I'd just sign my piece of the house over to the siblings and be done with it. The legal battles migh...
by cheese_breath
Mon Jul 16, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Wire transfers from internet banks (CapOne 360)
Replies: 5
Views: 418

Re: Wire transfers from internet banks (CapOne 360)

ALLY Bank does an excellent job with wire transfers. In fact, you can set it up online. I have used them and no problems. They will call for verification information so good with security. I used Ally wire transfer when I moved DW down to Texas by air ambulance. No problems at all. I think the fee ...
by cheese_breath
Sun Jul 15, 2018 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: want to improve returns by 1%/year on a portfolio
Replies: 6
Views: 794

Re: want to improve returns by 1%/year on a portfolio

My advice is she needs to either consider working longer, or lowering her standard of living if she wants to retire in seven years. When people get that close to retirement they should be moving toward a more conservative portfolio to protect what they already have rather than becoming more aggressi...
by cheese_breath
Sat Jul 14, 2018 7:00 am
Forum: Personal Consumer Issues
Topic: Be Careful Using Mailboxes
Replies: 58
Views: 7361

Re: Be Careful Using Mailboxes

My CPA says we are his only client who insists on NOT writing checks with our tax returns but always paying online thru e-check or CCard. It just feels safer NOT to write both our full SS#s on the check as IT’S required. ................................................. doesn't change your main pt ...
by cheese_breath
Fri Jul 13, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Another Trust Question
Replies: 12
Views: 999

Re: Another Trust Question

FIREChief... I'm not sure I made myself clear on the purpose of the trust. It's to provide a pot of money my successor trustee can spend as needed caring for my incapacitated spouse.... nursing home, prescription copays averaging $500 per month, etc. She is unable to manage the money herself due to...
by cheese_breath
Fri Jul 13, 2018 9:45 pm
Forum: Personal Consumer Issues
Topic: Be Careful Using Mailboxes
Replies: 58
Views: 7361

Re: Be Careful Using Mailboxes

I never use a personal mail box for anything financial. Always deposit it in a USPS drop box.
by cheese_breath
Fri Jul 13, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Another Trust Question
Replies: 12
Views: 999

Re: Another Trust Question

FIREChief... I'm not sure I made myself clear on the purpose of the trust. It's to provide a pot of money my successor trustee can spend as needed caring for my incapacitated spouse.... nursing home, prescription copays averaging $500 per month, etc. She is unable to manage the money herself due to...
by cheese_breath
Fri Jul 13, 2018 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Another Trust Question
Replies: 12
Views: 999

Re: Another Trust Question

I’m presuming based on the answers received so far that my understanding of what will happen to the tIRA is correct, that is to say it will be taxed in its entirety just as if I had withdrawn it myself. A little on DW’s condition might help provide additional context to my responses to your comments...
by cheese_breath
Fri Jul 13, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Another Trust Question
Replies: 12
Views: 999

Re: Another Trust Question

FIREChief... I'm not sure I made myself clear on the purpose of the trust. It's to provide a pot of money my successor trustee can spend as needed caring for my incapacitated spouse.... nursing home, prescription copays averaging $500 per month, etc. She is unable to manage the money herself due to ...
by cheese_breath
Fri Jul 13, 2018 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Tell me what's wrong with my strategy
Replies: 77
Views: 5247

Re: Tell me what's wrong with my strategy

magicrat wrote:
Fri Jul 13, 2018 11:34 am
Picking some random stocks without justification doesn't sound like a strategy to me. Good luck though.
Plus past performance is no guarantee of future results. I think I heard that somewhere before.
by cheese_breath
Fri Jul 13, 2018 11:48 am
Forum: Personal Consumer Issues
Topic: Do insurance agents add value? How?
Replies: 24
Views: 1457

Re: Do insurance agents add value? How?

... Additionally, he missed a scheduled appointment a year ago and never followed up after another agent sat in for him... So he was thoughtful enough to have someone sit in for him? Better than having you sit in the room with an empty chair. Did the other agent take care of everything that needed ...
by cheese_breath
Fri Jul 13, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Another Trust Question
Replies: 12
Views: 999

Another Trust Question

So I went to an estate planning / probate attorney and among the documents he put together is a revocable trust with both DW and myself as settlors. The intent is to fund the trust to pay for DW’s medical care if I should die first. When we’re both gone whatever remains in it will go to our children...
by cheese_breath
Tue Jul 10, 2018 3:39 pm
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 4328

Re: Which advanced tech is necessary in cars?

dm200 wrote:
Tue Jul 10, 2018 12:57 pm
While I believe that airbags provide increased safety and lower death and injury rates - I often winder "how much" vs. everyone always wearing seat/shoulder belts in modern cars.
Not much if they're Takata airbags. Never had a seat belt explode in my face.
by cheese_breath
Tue Jul 10, 2018 12:32 pm
Forum: Investing - Theory, News & General
Topic: Dow 40000 prediction for 2025
Replies: 44
Views: 3879

Re: Dow 40000 prediction for 2025

Should anybody make any investment decisions based on such long range predictions ? No. Because nobody can predict the future. :) Everyone can predict the future. Few can predict it with any accuracy. I can. Read my signature. Knowing the past isn't the same thing as predicting the future. Unless y...
by cheese_breath
Tue Jul 10, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: Dow 40000 prediction for 2025
Replies: 44
Views: 3879

Re: Dow 40000 prediction for 2025

JoeRetire wrote:
Tue Jul 10, 2018 12:21 pm
willthrill81 wrote:
Tue Jul 10, 2018 12:20 pm
skor99 wrote:
Tue Jul 10, 2018 11:27 am
Should anybody make any investment decisions based on such long range predictions ?
No. Because nobody can predict the future. :)
Everyone can predict the future. Few can predict it with any accuracy.
I can. Read my signature.
by cheese_breath
Tue Jul 10, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Taken advantage of.
Replies: 7
Views: 1275

Re: Taken advantage of.

The General wrote:
Tue Jul 10, 2018 11:03 am
I have an email that proves I was lied to.
Then take it to a lawyer. (S)he should be able to give an opinion on whether you have a valid case or not.
by cheese_breath
Tue Jul 10, 2018 10:53 am
Forum: Investing - Help with Personal Investments
Topic: What's up with Wells Fargo
Replies: 27
Views: 2878

Re: What's up with Wells Fargo

mhalley wrote:
Tue Jul 10, 2018 10:09 am
Ditto. They are practically a criminal organization. This is a fine opportunity to move the account.
According to their commercials they just lost their way. Awww.
by cheese_breath
Tue Jul 10, 2018 7:41 am
Forum: Investing - Help with Personal Investments
Topic: What's up with Wells Fargo
Replies: 27
Views: 2878

Re: What's up with Wells Fargo

I suspect their definition of activity includes depositing or withdrawing money.

DW has two accounts in her own name which she hasn't been able to access since her stroke. So every 4 months or so I deposit a dollar in each one to keep them from being classified as abandoned.
by cheese_breath
Tue Jul 10, 2018 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Keeping a checkbook register
Replies: 122
Views: 9218

Re: Keeping a checkbook register

My reason for a checkbook register is to have something to write things on until I get time to enter them in my Excel spreadsheet. Otherwise I forget them.

Plus, if you ever go before Judge Judy you better have a checkbook register to show her. She doesn't accept Excel. :D :D :D
by cheese_breath
Sat Jul 07, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Checkbook balancing software?
Replies: 31
Views: 1647

Re: Checkbook balancing software?

You could create a check register in Excel in a matter of minutes. Just use a large font for them.
by cheese_breath
Sat Jul 07, 2018 7:10 pm
Forum: Personal Consumer Issues
Topic: Is there a current car without a console between the front seats?
Replies: 52
Views: 4048

Re: Is there a current car without a console between the front seats?

Can't you put the stuff in the trunk? My cat always objected to this. Who is the "boss" - you or the cat?? :sharebeer If you owned a cat you'd know. :wink: Maybe that is why I would have a dog - if my wife would let me ;) Substitute "if my cat would let me", then you'll understand. :D
by cheese_breath
Sat Jul 07, 2018 12:29 pm
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 4328

Re: Which advanced tech is necessary in cars?

ABS - works great in low traction conditions (ice/snow/rain). Only had to use it once or twice in dry conditions. After spending over three decades learning how to pump the brakes in various driving conditions I had a hard time adjusting to it. I still want to pump when I don't think the ABS is doi...
by cheese_breath
Sat Jul 07, 2018 11:08 am
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 4328

Re: Which advanced tech is necessary in cars?

I am old enough to remember when cars did not "need" turn signals, outside rear view mirrors or backup lights. For example, you would indicate turns and backing up with hand/arm signals out the drivers window. No seat belts either - back then. Our family bought a new 1963 Plymouth - and it had the ...
by cheese_breath
Sat Jul 07, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 4328

Re: Which advanced tech is necessary in cars?

I am old enough to remember when cars did not "need" turn signals, outside rear view mirrors or backup lights. For example, you would indicate turns and backing up with hand/arm signals out the drivers window. As am I old enough, and I remember those hand/arm signals didn't always work so good afte...
by cheese_breath
Sat Jul 07, 2018 10:59 am
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 4328

Re: Which advanced tech is necessary in cars?

dm200 wrote:
Sat Jul 07, 2018 10:03 am
cheese_breath wrote:
Sat Jul 07, 2018 9:58 am
I thought necessary features were determined by the government.
The "government" and I often disagree (in both directions) about things that are "necessary" - not just cars. :confused
But who has the final word?
by cheese_breath
Sat Jul 07, 2018 9:58 am
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 4328

Re: Which advanced tech is necessary in cars?

I thought necessary features were determined by the government.
by cheese_breath
Sat Jul 07, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Trying to hit grand slam with small % portfolio?
Replies: 49
Views: 3231

Re: Trying to hit grand slam with small % portfolio?

Isn't that what people here call their play money?

And no, I haven't.