Search found 8355 matches

by cheese_breath
Mon Apr 22, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Assisted living and nursing home expenses
Replies: 25
Views: 1187

Re: Assisted living and nursing home expenses

Agree with all the comments about nursing home near you. If you were a fly on the wall you'd be astounded by the nursing errors and neglect that goes on in these places. That's why I stay with DW all night and most of the day, every day. And I believe she'd be in a lot worse condition now if I didn'...
by cheese_breath
Mon Apr 22, 2019 11:39 am
Forum: Personal Consumer Issues
Topic: update 70s kitchen or nah?
Replies: 48
Views: 3135

Re: update 70s kitchen or nah?

Funny, I didn't even ask about getting my money back. Not even a consideration tbh. I'm 70 and he's 80 and painting the cabs I think is out of the question.. Guess I've watched too many flip shows where a house has a perfectly good kitchen but the wife says "not my style!" so they gut the place 😕 ....
by cheese_breath
Mon Apr 22, 2019 11:24 am
Forum: Personal Investments
Topic: Getting through a 2008-like crash during retirement
Replies: 23
Views: 1396

Re: Getting through a 2008-like crash during retirement

I am looking at https://investor.vanguard.com/mutual-funds/profile/overview/vwiux and under average annual returns the chart shows return of 5.15% in the last year. Am I reading this wrong? Past returns are not a good predictor of future returns in bonds because of changes in interest rates general...
by cheese_breath
Mon Apr 22, 2019 11:22 am
Forum: Personal Investments
Topic: Getting through a 2008-like crash during retirement
Replies: 23
Views: 1396

Re: Getting through a 2008-like crash during retirement

Some put a portion of their fixed income holdings into CASH, such as a MMF. Some hold up to 7 years, or more, this way. That way any long term downturn has little to no effect. And CASH can also include CD ladder. So maybe have 2-3 years in MMF or savings with an Internet bank, then CDs of varying ...
by cheese_breath
Mon Apr 22, 2019 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Inherited inherited IRA confusion.
Replies: 12
Views: 997

Re: Inherited inherited IRA confusion.

There have been a few private letter rulings allowing beneficiaries of inherited IRAs to put their inherited IRAs into Medicaid payback trusts for their own benefit where the trusts were grantor trusts for income tax purposes, not completed gifts, and included in the beneficiary's estate.... If tha...
by cheese_breath
Sun Apr 21, 2019 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited inherited IRA confusion.
Replies: 12
Views: 997

Re: Inherited inherited IRA confusion.

krow36 wrote:
Sun Apr 21, 2019 8:44 pm
She put the inherited IRA into the trust and neglected to name a beneficiary. :(
I'd like to know how she did that...

https://www.investopedia.com/ask/answer ... -trust.asp
by cheese_breath
Sun Apr 21, 2019 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited inherited IRA confusion.
Replies: 12
Views: 997

Re: Inherited inherited IRA confusion.

krow36 wrote:
Sun Apr 21, 2019 8:19 pm
Unfortunately she put the inherited IRA into a trust and did not name a beneficiary to the IRA. She passed 10 years later and my friend and his brother were the beneficiaries of the trust.
Do you really mean she named the trust as the beneficiary of the IRA?
by cheese_breath
Sun Apr 21, 2019 2:26 pm
Forum: Personal Consumer Issues
Topic: update 70s kitchen or nah?
Replies: 48
Views: 3135

Re: update 70s kitchen or nah?

I wouldn't skim off my retirement account for this, especially if the 'update' is going to leave the house looking dated anyway. Mark the price down some to make it attractive enough to buyers who will want to redecorate anyway. ps: I sold our house a couple months ago. DW has always like the victor...
by cheese_breath
Sun Apr 21, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14105

Re: In Laws Retirement Nest Egg

we would never let anything happen to them, but personally I am not comfortable spending our hard earned money to keep them afloat if they were to run out of money, especially if they are not working themselves. ... I'm intrigued with this and other OP's posts how he has become aware how some of hi...
by cheese_breath
Thu Apr 18, 2019 9:45 pm
Forum: Personal Investments
Topic: Leave a job with a pension?
Replies: 39
Views: 4225

Re: Leave a job with a pension?

If the pension is vested you get it at the company's standard retirement age. In some cases you might be able to get it earlier, but at reduced value. I had two small pensions myself until one of them turned into a Prudential annuity. Typically pensions are based on the person's income and years of ...
by cheese_breath
Thu Apr 18, 2019 6:53 pm
Forum: Personal Investments
Topic: Leave a job with a pension?
Replies: 39
Views: 4225

Re: Leave a job with a pension?

Bacchus01 wrote:
Thu Apr 18, 2019 5:50 pm
How are you calculating that pension value?
I believe he's doing it wrong. He said...
Ybsybs wrote:
Thu Apr 18, 2019 1:07 pm
(estimate based on 1% of 5 x current salary)
OP said...
BradJ wrote:
Wed Apr 17, 2019 3:32 pm
(years service X Top year earnings of last 5 X 1%)
I don't think those are the same thing.
by cheese_breath
Thu Apr 18, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Switch auto insurance?
Replies: 18
Views: 1696

Re: Switch auto insurance?

cowdogman wrote:
Thu Apr 18, 2019 2:51 pm
I think it is valuable to have all your insurances with one insurer (not just one agent) and to develop a long-term relationship with an agent you trust.
And this is different from having all your investments with one FA so you can develop a long-term relationship with a FA you trust?
by cheese_breath
Wed Apr 17, 2019 6:56 pm
Forum: Personal Investments
Topic: Leave a job with a pension?
Replies: 39
Views: 4225

Re: Leave a job with a pension?

IMO 2 1/2 years is too long to hang around to get vesting if it means bypassing better opportunities. Pensions used to be a great benefit, but (IMO again) there's too much uncertainty associated with them now. We don't know if your employer will even be in business 30 years from now to pay the pensi...
by cheese_breath
Wed Apr 17, 2019 3:41 pm
Forum: Personal Investments
Topic: Leave a job with a pension?
Replies: 39
Views: 4225

Re: Leave a job with a pension?

How old are you? Are you vested in the pension?
by cheese_breath
Wed Apr 17, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14105

Re: In Laws Retirement Nest Egg

Fourwaystreet - In terms of the health concerns, I meant that in the context of preventing them from getting a Long Term Care policy, not anything that would prevent them from working. I think the reason they denied him was because of a recent cortisone shot in his knee. No clue why that would prev...
by cheese_breath
Wed Apr 17, 2019 7:54 am
Forum: Investing - Theory, News & General
Topic: High turnover funds in 401K?
Replies: 8
Views: 483

Re: High turnover funds in 401K?

averagedude wrote:
Tue Apr 16, 2019 9:57 pm
High turnover means nothing inside of a tax deferred account, but tax efficient funds do have higher correlations to better returns according to academic research.
High turnover means more trading expenses whether the account is tax deferred or not.
by cheese_breath
Tue Apr 16, 2019 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14105

Re: In Laws Retirement Nest Egg

I suppose he could keep working until he died on the job or he developed severe medical problems that forced him to retire. And maybe she could get a job and work until she dropped dead too. But they still might not have enough to cover possible long term care expenses of a major medical disaster. S...
by cheese_breath
Tue Apr 16, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14105

Re: In Laws Retirement Nest Egg

I agree with the poster above who said the main problem here is that the OP and his ILs come from different socioeconomic status. Also from the rest of us on this board. That's the only thing I can come up with that someone thinks that you can't safely retire with a paid off house, Social security ...
by cheese_breath
Tue Apr 16, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Switch auto insurance?
Replies: 18
Views: 1696

Re: Switch auto insurance?

Oftentimes they'll give you a better rate if you bundle home and auto together than if you get them separately.
by cheese_breath
Tue Apr 16, 2019 2:33 pm
Forum: Investing - Theory, News & General
Topic: Fixed Indexed Annuities
Replies: 22
Views: 1097

Re: Fixed Indexed Annuities

livesoft wrote:
Tue Apr 16, 2019 1:14 pm
...
...Note that CDs... also provide a positive return without any downside risk.
And it costs a lot less to cash in your CD early.
by cheese_breath
Tue Apr 16, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Parents added siblings and I to house title, possible to undo without negative consequences?
Replies: 37
Views: 1565

Re: Parents added siblings and I to house title, possible to undo without negative consequences?

BigMoneyNoWhammies wrote:
Tue Apr 16, 2019 1:35 pm
They surprised all of us by stating that we had been added to the title of their home...
How can they do that without you signing any papers?
by cheese_breath
Mon Apr 15, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14105

Re: In Laws Retirement Nest Egg

Here are my questions: 1. Do you think $700k in retirement savings is enough to scrape by between the two of them? Assuming they will live 20-30 more years. Scrape by. No. I think it's enough to live comfortably so long as they don't go wild in retirement. But if they were that kind of people they ...
by cheese_breath
Mon Apr 15, 2019 2:59 pm
Forum: Investing - Theory, News & General
Topic: High turnover funds in 401K?
Replies: 8
Views: 483

Re: High turnover funds in 401K?

However, high turnover funds may be trying to time the market and will have higher expenses than passive index funds.
by cheese_breath
Sun Apr 14, 2019 4:29 pm
Forum: Personal Investments
Topic: Can TIAA Traditional be my whole "bond" allocation?
Replies: 25
Views: 2700

Re: Can TIAA Traditional be my whole "bond" allocation?

My 'bonds' have always been TIAA Traditional.
by cheese_breath
Sun Apr 14, 2019 10:40 am
Forum: Personal Investments
Topic: Investing gift from grandma
Replies: 46
Views: 2872

Re: Investing gift from grandma

Grt2bOutdoors wrote:
Sat Apr 13, 2019 10:11 pm
to give is to sacrifice, that is the true gift. It's not about getting a guaranteed return or getting a return that hits it out of the park.
But if a $1,000 gift becomes worthless it hurts both the giver and the receiver.
by cheese_breath
Sat Apr 13, 2019 3:21 pm
Forum: Investing - Theory, News & General
Topic: 700 Years of Falling Interest Rates, 1310-2018
Replies: 56
Views: 5981

Re: 700 Years of Falling Interest Rates, 1310-2018

Thesaints wrote:
Sat Apr 13, 2019 1:11 pm
Italy 80% of economy in 1400 ??
Italy, after all, is where the renaissance started.
by cheese_breath
Sat Apr 13, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice for 30 y/o in software sales
Replies: 16
Views: 1654

Re: Career advise for 30 y/o in software sales

Opportunities don’t come around every day. Wait until you’re “ready” and you may already be over the hill. +1 "Learning on the job" is probably what most of us do whenever we're promoted. I know I wasn't always 'ready' every time I was promoted, and I'm sure my superiors knew it too. But they had c...
by cheese_breath
Fri Apr 12, 2019 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice for 30 y/o in software sales
Replies: 16
Views: 1654

Re: Career advise for 30 y/o in software sales

corgilady2011 wrote:
Fri Apr 12, 2019 7:11 pm

... I'm really unsure how to feel given my loyalty to my current company ...
Leave loyalty out of it. Your company treats you well because you make a lot of money for them. Have a bad year and see how loyal they are to you.
by cheese_breath
Fri Apr 12, 2019 7:40 pm
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 5915

Re: Soon to be dad, how to prepare

Talk to your parents. They might have a little experience they can share with you.
by cheese_breath
Fri Apr 12, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone Own/Operate a Funeral Home?
Replies: 16
Views: 1747

Re: Anyone Own/Operate a Funeral Home?

probably good for the next 10 years funeral homes don't move around alot but I wonder if their business model will continue as millennials age out. https://www.google.com/amp/s/connectingdirectors.com/52320-de-churching-millennials/amp So funeral homes is a dead end business? People are still going...
by cheese_breath
Fri Apr 12, 2019 7:26 pm
Forum: Personal Consumer Issues
Topic: Buying a new computer could use advice
Replies: 32
Views: 2629

Re: Buying a new computer could use advice

Some solutions already given so I guess I'm the first one to ask, what are your requirements? What do you use the computer for? Any specific applications you need or want to run?
by cheese_breath
Fri Apr 12, 2019 12:20 pm
Forum: Personal Investments
Topic: Please evaluate asset location plan for my father
Replies: 5
Views: 774

Re: Please evaluate asset location plan for my father

grabiner wrote:
Wed Apr 10, 2019 9:49 pm
He should probably use RMDs from the IRAs for his charitable contributions, as this excludes the income from his taxes.
Qualified charitable contributions. He can't take possession of the RMD and then write his own checks to the charities.
by cheese_breath
Fri Apr 12, 2019 12:05 pm
Forum: Personal Investments
Topic: Investing gift from grandma
Replies: 46
Views: 2872

Re: Investing gift from grandma

Buying individual stocks for HER to make a connection with the child seems silly IMO. And goes against what this forum, and you perhaps believe in for investing, and what you'd teach your child when they are old enough to understand. +1 You don't want your children growing up thinking buying indivi...
by cheese_breath
Thu Apr 11, 2019 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring large sums of money to a friend
Replies: 30
Views: 3138

Re: Transferring large sums of money to a friend

RickBoglehead wrote:
Thu Apr 11, 2019 8:01 pm
4 year old thread...
In that case I wish OP would come back and tell us what happened.
by cheese_breath
Thu Apr 11, 2019 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring large sums of money to a friend
Replies: 30
Views: 3138

Re: Transferring large sums of money to a friend

He wants you to buy his inventory for more than it is worth and then go into a taxable business for yourself to recover your money? I think you misunderstood my attempted sarcasm above. If I understand it, the friend would be using OP's account (ie. impersonating OP) to sell the merchandise. But th...
by cheese_breath
Wed Apr 10, 2019 9:06 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Are you annually spending in Real or Nominal Terms?
Replies: 63
Views: 3796

Re: Retirees: Are you annually spending in Real or Nominal Terms?

What kind of money do they take at the grocery store? That's the one I'm spending.
by cheese_breath
Tue Apr 09, 2019 9:05 pm
Forum: Personal Consumer Issues
Topic: Ceiling fan install (high ceiling)
Replies: 32
Views: 1820

Re: Ceiling fan install (high ceiling)

Too risky for my blood. I'd hire someone.
by cheese_breath
Sat Apr 06, 2019 9:11 am
Forum: Personal Finance (Not Investing)
Topic: What? No Income?
Replies: 62
Views: 6933

Re: What? No Income?

Yeah, the whole idea of buying low is gone, because if the market tanks, you've got no income to buy more while "it's on sale." I feel like such a wimp. Isn't this what an asset allocation is for? It's primarily to manage risk. That's why we move more toward a more conservative AA as we age... To p...
by cheese_breath
Fri Apr 05, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: terminate the lease of a tenant amicably
Replies: 28
Views: 2237

Re: terminate the lease of a tenant amicably

Opinion: Ain't gonna happen. A person such as you describe isn't going to leave amicably.
by cheese_breath
Fri Apr 05, 2019 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: What? No Income?
Replies: 62
Views: 6933

Re: What? No Income?

...I'm having trouble spending on non-essential stuff, even though I'm pretty sure I have nothing to worry about. After 35 years or so of socking money away,and watching that pot grow, it doesn't feel right to do the opposite! Nothing wrong with playing it cautions for a couple years while you gain...
by cheese_breath
Fri Apr 05, 2019 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: What? No Income?
Replies: 62
Views: 6933

Re: What? No Income?

... Time is your most precious resource, spend it on the things you most value.... Today is April 5th. Tomorrow is the two year 'anniversary' of the stroke that will keep DW in a nursing home the rest of her life. I'm so glad I retired at 56 instead of plugging along to 65 for the sake of some extr...
by cheese_breath
Thu Apr 04, 2019 10:32 am
Forum: Personal Investments
Topic: Converting Trad IRA to Roth IRA - settlement fund?
Replies: 5
Views: 373

Re: Converting Trad IRA to Roth IRA - settlement fund?

Conversion of a tax deferred tIRA to a Roth is treated as a withdrawal and is taxable as normal income. Is it safe to assume you deferred the taxes since you only contributed $5500? And you don't have cash in the tIRA. You most likely have a money market fund.
by cheese_breath
Thu Apr 04, 2019 9:57 am
Forum: Personal Consumer Issues
Topic: Where to live during kitchen renovation?
Replies: 45
Views: 2641

Re: Where to live during kitchen renovation?

researcher wrote:
Thu Apr 04, 2019 8:37 am
If it were me, I would want to be around for the bulk of the renovation...
to check on the progress/craftsmanship, select fixtures/materials/finishes, answer questions, deal with changes/problems, ect.
Not to mention possible thefts.
by cheese_breath
Wed Apr 03, 2019 7:52 pm
Forum: Personal Investments
Topic: Missed RMD: Input on Options
Replies: 9
Views: 669

Re: Missed RMD: Input on Options

Alan S. is the expert on these types of questions. I can't speak for him, but here's an excerpt from one pf his answers to a similar question... The IRS will grant almost every waiver request they get once the late RMDs are made up.... I'm sure he'll give a more complete explanation if he sees your ...
by cheese_breath
Wed Apr 03, 2019 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part A check understanding
Replies: 2
Views: 270

Re: Medicare Part A check understanding

She'll also qualify for spousal social security benefits based on your work record.
by cheese_breath
Wed Apr 03, 2019 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Probate Question Re Credit Cards
Replies: 36
Views: 2141

Re: Probate Question Re Credit Cards

The reason for filing probate includes (as explained to me): 6. File final Federal Income tax forms One can file a tax return for a decedent without opening probate. You still sign as "personal representative"... I did this for my MIL when her estate was too small to require probate. The problem OP...
by cheese_breath
Wed Apr 03, 2019 9:20 am
Forum: Personal Investments
Topic: I bought a stock for the first time.
Replies: 66
Views: 3978

Re: I bought a stock for the first time.

J G Bankerton wrote:
Wed Apr 03, 2019 9:04 am
My LYFT is up 5% in 24 hours, should I sell and buy Bitcoin? Bitcoin is over $5,000 with a rocket and I don't want to miss out.
Jump on it. You already missed out on the Enron runup. Don't let it happen twice.
by cheese_breath
Wed Apr 03, 2019 7:55 am
Forum: Personal Finance (Not Investing)
Topic: What? No Income?
Replies: 62
Views: 6933

Re: What? No Income?

It's not about having a bunch more. It's about having enough. WIll you have enough to retire in the lifestyle you want? I see too many posts here by people with bunches of money obsessing about how they're going to get it all spent before they check out. There are various forecasting tools you can u...
by cheese_breath
Tue Apr 02, 2019 3:29 pm
Forum: Personal Investments
Topic: I bought a stock for the first time.
Replies: 66
Views: 3978

Re: I bought a stock for the first time.

J G Bankerton wrote:
Tue Apr 02, 2019 12:58 pm
munemaker wrote:
Tue Apr 02, 2019 12:43 pm
Of all the public companies out there, why would I buy LYFT?
I like the color of the logo.

I'm familiar with Uber and Lyft, they are the Wal*Marts of the taxi business....
But what if one turns out to be a Kmart?
by cheese_breath
Tue Apr 02, 2019 10:41 am
Forum: Personal Consumer Issues
Topic: Bath towels
Replies: 17
Views: 1624

Re: Bath towels

sport wrote:
Tue Apr 02, 2019 10:30 am
Perhaps a larger size and a pair of scissors?
Or smaller towels and a sewing machine?