Search found 2741 matches

by carolinaman
Tue Jan 23, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Family dilemma involving wills/trusts
Replies: 11
Views: 1203

Re: Family dilemma involving wills/trusts

You need to consult with an elder law attorney. The fact your mother already has dementia may mean she is no longer competent to make her own decisions. The elder law attorney can guide you the that process as well as a structure for oversight and care of your mother. First priority is to care for y...
by carolinaman
Tue Jan 23, 2018 1:22 pm
Forum: Investing - Theory, News & General
Topic: 25x 50x etc. [evaluating multiples of expenses in retirement]
Replies: 8
Views: 684

Re: 25x 50x etc. [evaluating multiples of expenses in retirement]

It’s 25x / 50x yearly expenses , not earnings. Estimate your total expenses, subtract the amount you’ll receive from Social Security and pensions, what’s left over is the shortfall that needs to come from your portfolio/savings. Based on the numbers you presented you have an estimated shortfall of ...
by carolinaman
Tue Jan 23, 2018 7:37 am
Forum: Personal Consumer Issues
Topic: Article: 8 Frugal and Forgotten Ways Your Great-Grandparents Made It through Hard Times
Replies: 23
Views: 3554

Re: Article: 8 Frugal and Forgotten Ways Your Great-Grandparents Made It through Hard Times

My parents grew up during the depression which had a lifelong impact on their frugality. I was reminded of this when going through my mother's old papers after her death a few years ago. Using layaway to buy things, Christmas Club savings, installment credit, savings accounts. Credit cards did not r...
by carolinaman
Tue Jan 23, 2018 7:20 am
Forum: Personal Consumer Issues
Topic: Tax preparation amount charged
Replies: 16
Views: 967

Re: Tax preparation amount charged

Thanks - I should have included.... I agree, turbo tax is a no brainer - except we own rental property and I don't trust my ability to properly take care of it via turbo. It has sat vacant for a number of years due to a structure issue - but still is eligible for some deductions (at least that is m...
by carolinaman
Tue Jan 23, 2018 7:12 am
Forum: Investing - Theory, News & General
Topic: Bond Portfolio for High Net Worth Individuals - Different Rules?
Replies: 28
Views: 2222

Re: Bond Portfolio for High Net Worth Individuals - Different Rules?

I think people will see this differently. Some will apply the adage "if you have already won, why play the game?" They will invest more conservatively. Others will apply your philosophy that the portfolio can survive a bad bear market. It is just a difference in personalities and philosophy. There i...
by carolinaman
Mon Jan 22, 2018 5:19 pm
Forum: Personal Consumer Issues
Topic: Work-out schedule for those in 60s
Replies: 54
Views: 3442

Re: Work-out schedule for those in 60s

I answer this post from my threshold, which may or may not apply to u. I just turned 70 last month so the previous decade I was in my 60's. I am a severe osteoarthritic and weight training at this part of life is OUT, really OUT. I exercise walk two to three miles 4 times a week currently. A few ye...
by carolinaman
Mon Jan 22, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: Swing Shift vs 8-5
Replies: 14
Views: 916

Re: Swing Shift vs 8-5

I worked swing shifts, 8 to 4, 4 to 12 and 12 to 8 on a four week cycle when I was young. I was married the last year but did not have kids until I began working day shift. My biological clock was always screwed up. Sleep and meal times are a challenge. I never could adjust to any one of the shifts ...
by carolinaman
Mon Jan 22, 2018 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Going to one income-seeking testimonials
Replies: 97
Views: 4150

Re: Going to one income-seeking testimonials

Financially, you can do it. But it really depends on what your wife wants to do. She should be happy with the decision. What does she want to do? You can make it work either way, as long as you are both on the same page. Good luck to you. My wife is the one who brought the idea to me, but I still h...
by carolinaman
Mon Jan 22, 2018 6:31 am
Forum: Investing - Help with Personal Investments
Topic: Ready to give up on bond fund, Lost 2.25% past 6 months
Replies: 76
Views: 8236

Re: Ready to give up on bond fund, Lost 2.25% past 6 months

During the next bear market when equities drop 20% to 40%, you will appreciate why you are holding bonds. You have far less risk with the intermediate bond fund than with equities. It sounds like you need to educate yourself better about equities and bonds and what your desired AA should be. What yo...
by carolinaman
Sun Jan 21, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 5424

Re: Should I buy a business or suck it up at a job(s) with a pension.

Starting a new business is a risky endeavor. Most startups fail in the first year. You should be very cautious about that. You could wind up losing a chunk of your hard earned savings. You would be better off taking another job or part time job to supplement your income in retirement. The ideal for ...
by carolinaman
Sun Jan 21, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax Online vs CD/download
Replies: 11
Views: 1065

Re: Turbotax Online vs CD/download

I have used and like both online and CD versions. This year I bought CD premier version at Costco at about $50 which enables me to do both federal and state taxes plus I can do my son's taxes. That is much more cost effective than the equivalent returns online. I need premier for my investment retur...
by carolinaman
Sun Jan 21, 2018 6:53 am
Forum: Investing - Help with Personal Investments
Topic: Income in retirement questions
Replies: 15
Views: 2042

Re: Income in retirement questions

Thanks for the info. What about High Yield Corporate Bonds VWEHX? It has a nice consistent yield. I thought if it would yield 4.5% consistently that would reduce the amount of stocks needed to sell for income. HY corporate bonds are a hybrid fund, having characteristics of both equity and bonds. HY...
by carolinaman
Sun Jan 21, 2018 6:01 am
Forum: Personal Finance (Not Investing)
Topic: Father inlaw taxes: pension taxation
Replies: 19
Views: 1882

Re: Father inlaw taxes: pension taxation

Hire a professional. I agree you need to hire a professional in order to make sure this matter is corrected going forward and to avoid penalties. My guess is the pro would advise changing state of residency moving forward but would avoid trying to amend past returns as this would raise many questio...
by carolinaman
Sat Jan 20, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Partial RMD for QCD?
Replies: 7
Views: 298

Re: Partial RMD for QCD?

The RMD can be split between QCDs and regular RMDs. As pshonore states, you must be 70.5 before issuing check for QCD. The QCD part is not taxable, but of course the regular RMD is. That is the way I do mine.
by carolinaman
Sat Jan 20, 2018 8:30 am
Forum: Personal Consumer Issues
Topic: Any downside to having a low property (house) assessment from the town?
Replies: 11
Views: 970

Re: Any downside to having a low property (house) assessment from the town?

I have a low assessment relative to my neighbors. We have a 44 year old house that has had extensive remodeling done and now has many nice features like a modern kitchen with custom cabinetry, quartz counter tops, etc. All of the living space has been remodeled in the past 10 years. Conversely, our ...
by carolinaman
Sat Jan 20, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: Telemarketing calls from my own prefix
Replies: 44
Views: 2816

Re: Telemarketing calls from my own prefix

I get these types of calls regularly on my cell phone. I just ignore them although it is annoying.
by carolinaman
Sat Jan 20, 2018 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Assistance with parents retirement strategy
Replies: 4
Views: 533

Re: Assistance with parents retirement strategy

I suggest using a couple of the online retirement calculators to project how long their money will last using different scenarios: different investment returns, different withdrawal rates and budgets. Although projections, this will give them quantifiable data to illustrate their situation under pla...
by carolinaman
Sat Jan 20, 2018 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Which tax software for 2017?
Replies: 20
Views: 1129

Re: Which tax software for 2017?

I am a longtime TT user. It has handled a number of complicated one-off issues for me in recent years and helped me avoid having to use CPA or other tax professional. I agree that if you have a simple return, then maybe TT is overkill. But you said you plan to itemize and probably have investment re...
by carolinaman
Sat Jan 20, 2018 7:46 am
Forum: Personal Finance (Not Investing)
Topic: CPA Careers
Replies: 10
Views: 1303

Re: CPA Careers

The major accounting firms are a great first job because of the experience and exposure to many clients. After a few years, many CPAs take jobs in private companies or with government agencies. Over time, many achieve level financial management jobs at good salaries.
by carolinaman
Sat Jan 20, 2018 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Mother In Law's new boyfriend...
Replies: 28
Views: 3325

Re: Mother In Law's new boyfriend...

I would be concerned about the speed at which this woman is going in marrying after the loss of her longtime spouse. Experts advise people to not make any major decisions within a year or two of their loss, as their emotions may override good judgment. Also, I would be concerned about the background...
by carolinaman
Fri Jan 19, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: Family Balance and Children's Athletics
Replies: 37
Views: 2493

Re: Family Balance and Children's Athletics

I had similar experiences to OP regarding youth athletics. I thoroughly enjoyed multiple sports as a kid but was not good enough to play any professionally, but that is true of 99% of the kids who play, then and now. Fortunately, my kids did sports right before the club/travel team thing took off in...
by carolinaman
Fri Jan 19, 2018 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Career Direction Advice
Replies: 17
Views: 1315

Re: Career Direction Advice

I suggest taking a long term view of your career. Where do you want to be in 5 and 10 years from now? What steps are necessary to get there. Technical positions tend to plateau at some point, although with your credentials that could still be a nice job and compensation. OTOH, management has a grea...
by carolinaman
Thu Jan 18, 2018 7:30 am
Forum: Personal Finance (Not Investing)
Topic: How will or might nonprofits be affected by tax law changes?
Replies: 36
Views: 1809

Re: How will or might nonprofits be affected by tax law changes?

It is difficult to say. My thinking is there will be a small reduction overall, but the most worthy and best run non profits will probably still do well. I am retired and use QCDs for most of our charitable giving, so the tax law does not impact me. Occasionally, I donate out of pocket for some char...
by carolinaman
Thu Jan 18, 2018 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Federal pension Vs Higher salary + 401k savings plan
Replies: 32
Views: 2753

Re: Federal pension Vs Higher salary + 401k savings plan

It is difficult to provide good advice given the limited information you provided. A federal pension and associated health care are tremendous benefits, but at what cost? One cost is being away from family for 2 to 3 years, which is a big negative. Also, what is your career path if you stay in indus...
by carolinaman
Thu Jan 18, 2018 6:49 am
Forum: Investing - Help with Personal Investments
Topic: Which funds to put in taxable vs. Roth if I plan on making withdrawals
Replies: 6
Views: 577

Re: Which funds to put in taxable vs. Roth if I plan on making withdrawals

The tax free benefit of the Roth and its gains is a powerful benefit that should be preserved as long as possible. I understand that withdrawing from taxable will result in CGs, but still believe I would withdraw from there first.
by carolinaman
Thu Jan 18, 2018 6:38 am
Forum: Personal Consumer Issues
Topic: London/Paris Trip Questions
Replies: 41
Views: 1650

Re: London/Paris Trip Questions

I recommend you check www.tripadvisor.com for information and advice for your trip. This is a great site for travel with many experts for each site to advise you. IMO, the best travel site on the Internet.
by carolinaman
Wed Jan 17, 2018 12:55 pm
Forum: Personal Consumer Issues
Topic: Over-the-range Microwave recommendations
Replies: 9
Views: 390

Re: Over-the-range Microwave recommendations

We initially had a Kenmore (much more than your price). Heating element went out twice in 4 years. After the 2nd one we bought a GE and it has been very reliable (it too cost more than $200). My son has provided facility maintenance support for lots of condos and apartments. His experience has been ...
by carolinaman
Wed Jan 17, 2018 12:48 pm
Forum: Personal Consumer Issues
Topic: Best Sources to Buy Prescriptions Out of Pocket
Replies: 49
Views: 2915

Re: Best Sources to Buy Prescriptions Out of Pocket

Thanks for all the information. Just a recap on what I found out. I talked with my Walgreen's pharmacist and she said Goodrx was the best and most common discount program they see. Costco confirmed this but said they sometimes do not accept Goodrx coupons. He did not say why but my guess is the coup...
by carolinaman
Wed Jan 17, 2018 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Municipal bonds, pension funds...time to get out of munis and into bonds, stocks?
Replies: 6
Views: 863

Re: Municipal bonds, pension funds...time to get out of munis and into bonds, stocks?

IMO, investors need to understand the credit rating and credit worthiness of the muni bond issuers as well as their pension health (per cent of obligations funded). There are many state and local government pensions that are reasonably well funded. However, there are some in deep trouble like Illino...
by carolinaman
Wed Jan 17, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Career Direction Advice
Replies: 17
Views: 1315

Re: Career Direction Advice

I suggest taking a long term view of your career. Where do you want to be in 5 and 10 years from now? What steps are necessary to get there. Technical positions tend to plateau at some point, although with your credentials that could still be a nice job and compensation. OTOH, management has a great...
by carolinaman
Wed Jan 17, 2018 9:15 am
Forum: Investing - Help with Personal Investments
Topic: too complacent?
Replies: 10
Views: 1138

Re: too complacent?

Congratulations! You have done well. We should be taking advice from you. I am conservative myself so I would likely lean towards a 50/50 portfolio right now. One thing to consider is the tax impact of RMDs when they become mandatory. Based on your current IRA, that will generate $75k and more per y...
by carolinaman
Wed Jan 17, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Travel to Rome Italy - Recommendations
Replies: 23
Views: 1520

Re: Travel to Rome Italy - Recommendations

Have any Bogleheads been to Rome in recent years? I will be there for a few days in early February and have never visited the sights. I'm looking to see the major sites in Rome and Vatican city. I'd appreciate any recommendations on what attractions passes to get in advance vs what to purchase on s...
by carolinaman
Wed Jan 17, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: [How to reserve funds for final expenses]
Replies: 10
Views: 544

Re: [How to reserve funds for final expenses]

You can prepay funeral expenses at a funeral home. My mother did that. She and I met with the funeral director and reviewed all her options including quality of casket. They provided a written plan for her funeral as a result. The funeral home insured her funeral through an insurance company which p...
by carolinaman
Tue Jan 16, 2018 8:46 am
Forum: Personal Consumer Issues
Topic: Besides Bogleheads, What Are Your Favorite Forums?
Replies: 92
Views: 9792

Re: Besides Bogleheads, What Are Your Favorite Forums?

I use tripadviser when planning a trip. Gardenweb.com (Houzz) is good for all sorts of home improvement topics. I only frequent these as needed, which is not often. I frequent Bogleheads daily.
by carolinaman
Mon Jan 15, 2018 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Consulting side gig while at mega corp
Replies: 25
Views: 2177

Re: Consulting side gig while at mega corp

You definitely need to get permission from your company, regardless of whether it is stated in your employment agreement or not. p. It sounds like you have a promising career with your company. I think some companies may interpret the request to moonlight negatively. You are getting decent raises an...
by carolinaman
Sat Jan 13, 2018 7:46 am
Forum: Investing - Help with Personal Investments
Topic: How much more return would DFA funds produce?
Replies: 11
Views: 800

Re: How much more return would DFA funds produce?

Background: just came from initial visit to fee-only financial advisor, because at age 60, 10 years away from full retirement, I want to check our assumptions, make sure I'm not missing anything, etc. For that I am willing to see if his thoughts are worth the $1000 - $1500 he is going to charge for...
by carolinaman
Sat Jan 13, 2018 7:35 am
Forum: Personal Consumer Issues
Topic: What journalism are you currently reading?
Replies: 12
Views: 776

Re: What journalism are you currently reading?

Local newspaper, WSJ, BBC and Drudge are always skimmed for articles of interest. I sometimes check local TV news but never watch national news because they have lost all objectivity and are obsessed with their own agendas. I am 73 and remember the days when national news media had serious journalis...
by carolinaman
Fri Jan 12, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: Chained CPI Impact
Replies: 8
Views: 922

Re: Chained CPI Impact

Silk McCue wrote:
Thu Jan 11, 2018 10:42 pm
Chained CPI in the new tax bill is applied to the annual expansion of the tax brackets. It is not a new standard applied globally in place of CPI.
I think chained CPI will also be used for determining SS benefit increases.
by carolinaman
Thu Jan 11, 2018 12:32 pm
Forum: Personal Consumer Issues
Topic: Best Sources to Buy Prescriptions Out of Pocket
Replies: 49
Views: 2915

Re: Best Sources to Buy Prescriptions Out of Pocket

Our retiree insurance changed in 2018 and now one of my meds is no longer covered. My Google research showed several websites that promise to offer discounts. One of those that seemed promising is Goodrx although their reviews seem mixed. They provide coupons that major drug retailers supposedly ho...
by carolinaman
Wed Jan 10, 2018 5:47 pm
Forum: Personal Consumer Issues
Topic: Best Sources to Buy Prescriptions Out of Pocket
Replies: 49
Views: 2915

Re: Best Sources to Buy Prescriptions Out of Pocket

Thanks for all of your replies so far. Insurance decision is final. No appeal can be done. I have appt next week with my doctor to discuss options. There is no generic for the specific drug I take. I tried several others before taking this premium drug, so not sure there will be any other drug optio...
by carolinaman
Wed Jan 10, 2018 5:35 pm
Forum: Personal Consumer Issues
Topic: Best Sources to Buy Prescriptions Out of Pocket
Replies: 49
Views: 2915

Re: Best Sources to Buy Prescriptions Out of Pocket

With a 2018 change in my Part D formulary, one of my maintenance meds went from $4/mo to $98/mo. After running it by my physician I ordered 3 months supply thru a "Canadian Pharmacy" for about $15/mo. I use quotes since in many cases they are taking your order in Canada but sourcing from another co...
by carolinaman
Wed Jan 10, 2018 4:18 pm
Forum: Personal Consumer Issues
Topic: Best Sources to Buy Prescriptions Out of Pocket
Replies: 49
Views: 2915

Best Sources to Buy Prescriptions Out of Pocket

Our retiree insurance changed in 2018 and now one of my meds is no longer covered. My Google research showed several websites that promise to offer discounts. One of those that seemed promising is Goodrx although their reviews seem mixed. They provide coupons that major drug retailers supposedly hon...
by carolinaman
Wed Jan 10, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should I use a CPA for my taxes this year?
Replies: 9
Views: 716

Re: Should I use a CPA for my taxes this year?

Since you say that adoption is an audit trigger, you need to be sure you have documentation for your wife's expenses and income. If an audit were to occur, I assume they will look at everything. However, based upon what you have said, it sounds like you will be fine handling yourself with TT prepara...
by carolinaman
Wed Jan 10, 2018 1:04 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 182
Views: 19017

Re: Anyone disenchanted with retirement?

I was an IT director with a lot of responsibility and decision making latitude in my job. I still miss the good parts of the job, but then I think about all the politics, BS, problem customers and employees and stress and I no longer miss any of it. The key for me is to engage in productive and usef...
by carolinaman
Wed Jan 10, 2018 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Help with Dad's Portfolio
Replies: 6
Views: 1085

Re: Help with Dad's Portfolio

I think your idea of consolidating bonds is good. You did not state what his total income was or what his marginal tax rate is, but I wondered if his marginal tax rate is high enough to justify TE bonds. The TE funds do not appear to have any capital gains, so they would be an easy choice to consoli...
by carolinaman
Wed Jan 10, 2018 8:06 am
Forum: Investing - Help with Personal Investments
Topic: Sequence of Return Risk impact on Retirement
Replies: 103
Views: 4289

Re: Sequence of Return Risk impact on Retirement

William Bernstein does a good job of explaining Sequence of Returns in his paper "The Retirement Calculator from Hell". http://www.efficientfrontier.com/ef/998/hell.htm burt Good article by Bernstein. He describes a 30 year period between 1966 and 1995. The first 15 years had zero real return on eq...
by carolinaman
Wed Jan 10, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Executive Assistant
Replies: 8
Views: 863

Re: Executive Assistant

This sounds like a great first job. I was the IT executive for a large, urban county government and have seen these positions work well in our organization. You will get great exposure to the organization and influential people inside and outside your organization. If you do well you will impress ot...
by carolinaman
Tue Jan 09, 2018 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6919

Re: Lowball offer on a home

> I figure it would take $100k to bring this up to the equivalent house 2 doors down Then you should buy the house 2 doors down, right? My guess is...you make the lowball offer...they reject it angrily...and you get to move on to find something closer to your desires. Agreed. Usually outlandish off...
by carolinaman
Tue Jan 09, 2018 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Minimizing effect of first speeding ticket
Replies: 28
Views: 2047

Re: Minimizing effect of first speeding ticket

There are attorneys who specialize in traffic tickets. I hired one to help my son get some older traffic citations off his record. I was amazed at how well this turned out. The attorney got tickets reduced or eliminated in 2 counties and was able to get DMV to remove some records. In your case, an a...
by carolinaman
Tue Jan 09, 2018 7:22 am
Forum: Personal Finance (Not Investing)
Topic: When the rubber hits the road [Progressive Dementia thread with merged updates]
Replies: 106
Views: 7931

Re: The reality hits - my dementia update

That was a pretty well composed post, especially for someone suffering from dementia. I applaud your courage in sharing with the forum members. Best wishes as you continue this journey. I pray the progressive nature of dementia will be very slow and you will get to enjoy your family and grandchildre...