Search found 2975 matches

by carolinaman
Wed Jun 20, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: Cataract surgery - one or two?
Replies: 31
Views: 1009

Re: Cataract surgery - one or two?

Cannot cite anything - but there is some degree of risk just having any kind of surgery - so having one might entail lower risk. ?? With two separate surgeries, you have twice the chance of a problem. However, that problem would affect only one eye. With one surgery, a problem could affect both eye...
by carolinaman
Sat Jun 16, 2018 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust
Replies: 20
Views: 1368

Re: Special Needs Trust

... A primary purpose of a special needs trust is to not affect any governmental assistance (medicaid, etc.) with the trust. I would want to make sure the trust is written so the person is not disqualified from government services because of the trust assets and income. That's the easy part (in the...
by carolinaman
Fri Jun 15, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust
Replies: 20
Views: 1368

Re: Special Needs Trust

I think some people are confusing two different types of special needs trusts. Medicaid payback/first party trusts (funded with the beneficiary's own money One is the Medicaid payback trust (or first party trust in Medicaid parlance), funded with the child's own money, often the proceeds of a perso...
by carolinaman
Thu Jun 14, 2018 7:06 am
Forum: Personal Consumer Issues
Topic: Learning how to fix/repair things
Replies: 29
Views: 2208

Re: Learning how to fix/repair things

When we bought our home 45 years ago, I tried to fix things myself although not the best handyman. I had a good repair book that I used but the most helpful was this owner of a small independent hardware. He could tell you how to repair anything and sell you the parts you need. Nowadays, try that at...
by carolinaman
Thu Jun 14, 2018 6:56 am
Forum: Personal Consumer Issues
Topic: Hearing aids
Replies: 10
Views: 1151

Re: Hearing aids

Costco is the largest hearing aid seller in the US. They have great prices. The ones I bought last were under their Kirkland brand name but I was told they were identical to the Resound brand at about 30% of the cost. I too like to research major items I will purchase. I found it difficult with hear...
by carolinaman
Tue Jun 12, 2018 7:07 am
Forum: Personal Finance (Not Investing)
Topic: death certificates...hospice and 911
Replies: 32
Views: 2900

Re: death certificates...hospice and 911

My mother died in hospice at a nursing home. The hospice agency had a doctor who did the death certificate.
by carolinaman
Mon Jun 11, 2018 11:37 am
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 194
Views: 16270

Re: Life in retirement - what did you do today?

Retired 8 years. Today, I cleared and cut some brush for trash pickup, mowed grass, will do laundry and will facilitate in a ministry I serve in tonight. If I have time, I will review estate documents drafted by our attorney. Not all days are this busy. But it is surprising the little projects that ...
by carolinaman
Mon Jun 11, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Retire in 2 years at 55 - Can I do it
Replies: 26
Views: 3626

Re: Retire in 2 years at 55 - Can I do it

Congratulations! You have done well with your savings. You should be in great shape financially. Now the important question. Once you retire, what will you do after breakfast? This is a serious question. Some young retirees thrive in retirement and others have trouble adjusting to a life without wor...
by carolinaman
Mon Jun 11, 2018 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance Policy
Replies: 3
Views: 501

Re: Umbrella Insurance Policy

Be sure to understand what an umbrella policy covers as that varies depending on the policy. Some policies will not cover rental liability which is what you are concerned about most.
by carolinaman
Sun Jun 10, 2018 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Do I need an umbrella insurance policy?
Replies: 16
Views: 2063

Re: Do I need an umbrella insurance policy?

What are your future earnings worth? Remember a large judgments could garnish your wages. Next how much is said policy going to cost? I pay $26 a month for a 1M policy. That is about $312 a year. Now an umbrella policy will come with a team of lawyers should I ever need it. How much do you suppose ...
by carolinaman
Fri Jun 08, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: How much to budget for a week long vacation for 2?
Replies: 79
Views: 4258

Re: How much to budget for a week long vacation for 2?

So how much did YOU spend on your last 5 vacations per week per 2 people? +1. This is such a subjective question. Your answer really depends on your past vacations. Of course, if you have a bucket list of places you want to see, do some research to figure out what they will cost. However, these are...
by carolinaman
Fri Jun 08, 2018 7:56 am
Forum: Personal Consumer Issues
Topic: Career/Moving advice needed
Replies: 11
Views: 782

Re: Career/Moving advice needed

There should be plenty of cities that meet your criteria. I live in the Charlotte area. It meets most of your criteria although school quality will depend on where you live. Same for public transportation, especially in better areas which are underserved by public transportation. We do have 2 light ...
by carolinaman
Fri Jun 08, 2018 7:45 am
Forum: Personal Consumer Issues
Topic: How much to spend on daycare?
Replies: 46
Views: 3446

Re: How much to spend on daycare?

My wife worked in a church day care for more than 20 years. They had lots of professional people keep their children at their facilities and it was one of the most desirable day care facilities in the city. I think you are overrating the education element for infants and probably up to ages 4 or 5. ...
by carolinaman
Wed Jun 06, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Rethinking Pension Survivor Benefit
Replies: 4
Views: 593

Re: Rethinking Pension Survivor Benefit

If you have not done so already, I would suggest you use a couple of retirement calculators to see what the impact of different survivor benefit scenarios are. That will give you the information you need to make a good decision.
by carolinaman
Wed Jun 06, 2018 6:04 am
Forum: Investing - Help with Personal Investments
Topic: pension
Replies: 12
Views: 1420

Re: pension

jebmke wrote:
Tue Jun 05, 2018 5:45 pm
I don't include my pension in my savings. I count it as income, thereby reducing the need to generate cash from other sources to pay for expenses [or alternatively, thereby allowing one to increase their expenses in retirement].
+1.
by carolinaman
Wed Jun 06, 2018 6:02 am
Forum: Personal Consumer Issues
Topic: New AC Unit broken or "feezing". HVAC company says it's my fault for "running it too hard". What can I do?
Replies: 55
Views: 5140

Re: New AC Unit broken or "feezing". HVAC company says it's my fault for "running it too hard". What can I do?

The parts are under warranty and labor should be covered for the next few weeks until I reach the 1-year mark. I agree that sounds ridiculous if your unit is even roughly the right size. Do something such as send a certified letter to assert your warranty rights with proof of having done so in case...
by carolinaman
Mon Jun 04, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: NYT Story on Importance of Working Just a Little Longer
Replies: 27
Views: 4694

Re: NYT Story on Importance of Working Just a Little Longer

Seems like a good deal to me. Please note there are lots of variations in each individual's situation that could alter the assumptions above and lead to a different outcome. The above statement is so true. I could not access the research study referenced by NYT, so I do not know the assumptions mad...
by carolinaman
Sun Jun 03, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Can a physician work in tech while practicing as well?
Replies: 57
Views: 3760

Re: Can a physician work in tech while practicing as well?

Regardless, I think I'm good enough to explore this field and feel that its niche enough (bridging medical knowledge - to ask the right questions and tailor the EMR/informatics to help doctors with the tech side-figuring out how to do it) that I would be marketable if done right for a hospital- adm...
by carolinaman
Sun Jun 03, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can a physician work in tech while practicing as well?
Replies: 57
Views: 3760

Re: Can a physician work in tech while practicing as well?

Regardless, I think I'm good enough to explore this field and feel that its niche enough (bridging medical knowledge - to ask the right questions and tailor the EMR/informatics to help doctors with the tech side-figuring out how to do it) that I would be marketable if done right for a hospital- adm...
by carolinaman
Sun Jun 03, 2018 6:14 am
Forum: Investing - Theory, News & General
Topic: Reading Suggestions for Retirement Planning
Replies: 9
Views: 1075

Re: Reading Suggestions for Retirement Planning

Jane Bryant Quinn "How to Make Your Money Last" Also Larry Swedroe has a new book on the subject in the works which I am looking forward to reading. I agree with Quinn's book. I also recommend "Control Your Retirement Destiny" by Dana Anspach. Quinn's book is a good general overview of a lot of top...
by carolinaman
Sun Jun 03, 2018 6:08 am
Forum: Personal Consumer Issues
Topic: Friends with an EJ Advisor
Replies: 49
Views: 3954

Re: Friends with an EJ Advisor

That free dinner could become the most expensive meal you ever had. Give him a polite but firm No for his invite. It seems he is subtly using your friendship to put pressure on you to attend the event. Do not succumb to that pressure. Just say NO. It sounds like he is prospecting you. Otherwise, he ...
by carolinaman
Sat Jun 02, 2018 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Theft-proofing a brokerage
Replies: 9
Views: 1508

Re: Theft-proofing a brokerage

IMO, your parents fears are reasonable although they can mitigate them in a better way. I spent 44 years in IT and understand security and security threats quite well. I do not have connectivity between my bank and Vanguard for similar reasons. From a risk/reward perspective, there is too little rew...
by carolinaman
Fri Jun 01, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Keep pension or roll over to IRA?
Replies: 14
Views: 1038

Re: Keep pension or roll over to IRA?

Does her contribution earn interest if she keeps the funds in the pension system. If so, it may be worth keeping money in the system a few years if you think there is a chance she may return to a public pension job. I say that because I was vested in a public pension system, quit and withdrew my fun...
by carolinaman
Fri Jun 01, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 13422

Re: Best Advice You Never Took

My first significant job was as a computer operator in the 1960s. After 3 years, I got a promotion to programmer analyst. The operations manager told me not to take that job because there was no future in software programming. I ignored his advice and was glad that I did.
by carolinaman
Fri Jun 01, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Value of Umbrella Insurance Policy
Replies: 18
Views: 1961

Re: Value of Umbrella Insurance Policy

Perhaps the greatest value is that the insurance company lawyers are in your corner. They are on the hook for the first million and will defend you vigorously to limit the payout. I cannot tell you whether to increase your coverage or not. I am now at $3M, mainly because the coverage is so cheap and...
by carolinaman
Fri Jun 01, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 17518

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

Our granddaughter had very good grades, but a notch below where the serious scholarship money was doled out. She also had an impressive extracurricular record. She was editor of school newspaper which won several national awards and was rated best in the South, plus numerous other accomplishments. S...
by carolinaman
Thu May 31, 2018 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Bank overpaid contractor and wants my daughter to be responsible
Replies: 25
Views: 3562

Re: Bank overpaid contractor and wants my daughter to be responsible

livesoft wrote:
Wed May 30, 2018 4:50 pm
Lawyer up. Yesterday.
+1. She definitely needs legal help to untangle this mess. Get legal help ASAP. Make sure there are no relationships between lawyer and bank (lawyers are ethically required to assure this, but make sure!!)
by carolinaman
Thu May 31, 2018 7:07 am
Forum: Personal Consumer Issues
Topic: Need some advice in regards to A/C System
Replies: 29
Views: 1618

Re: Need some advice in regards to A/C System

Howdy Excellent advice from livesoft. Reading your post my impression is that the guy is attempting to sell you a bunch of stuff you don’t need. The best investment you could probably make at the moment for cleaning up the system, if it does indeed actually need it, is changing the filters a couple...
by carolinaman
Thu May 31, 2018 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Help with Mom's Retirement Portfolio
Replies: 3
Views: 488

Re: Help with Mom's Retirement Portfolio

It would help to know what her monthly expenses are, what her SS income is and what income is currently generated from investments. What will be her withdrawal rate from her investments? I agree with a simple 2, 3 or 4 fund portfolio of low cost index funds. I am not familiar with the Schwab Intelli...
by carolinaman
Tue May 29, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Best retirement places for shy senior singles
Replies: 32
Views: 3894

Re: Best retirement places for shy senior singles

So, where are some retirement places that might fit someone like me? Is anyone out there like me who lives in one? I understand your desire to meet people more like yourself. But do you need to find people just like you? Limiting yourself to "blue dots" or academics may be too restrictive. Perhaps ...
by carolinaman
Tue May 29, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: Advice on neighbor not keeping up his property...
Replies: 103
Views: 7419

Re: Advice on neighbor not keeping up his property...

We have a wacko neighbor whose home and adjacent rental are prominently displayed as one turns onto our street. It is hard to describe the appearance of his properties in a few words, but everyone who comes to visit us asks what is up with this guy. He is not in a HOA neighborhood and the town is li...
by carolinaman
Tue May 29, 2018 6:46 am
Forum: Personal Finance (Not Investing)
Topic: How to find a retirement planner?
Replies: 11
Views: 964

Re: How to find a retirement planner?

Hourly Fee Only CFP https://www.garrettplanningnetwork.com Garrett is frequently recommended as a source for a fee only planner. Out of curiosity, I put in my zip code and there is only one listed for a metro area of 2.5M people. I am not sure that is representative of the entire country but certai...
by carolinaman
Sun May 27, 2018 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Professional negotiator
Replies: 21
Views: 2419

Re: Professional negotiator

I used a negotiator once in business. My organization was buying a major software system which cost several million dollars. They told us to get a best and final offer, they would advise us on how to negotiate a better price and in return get 25% of the savings. It worked beautifully. They were able...
by carolinaman
Sat May 26, 2018 8:39 am
Forum: Investing - Theory, News & General
Topic: Misuse of the word "technology" in finance
Replies: 19
Views: 1195

Re: Misuse of the word "technology" in finance

As you say, technology is a broad term as dictionary defines: "the application of scientific knowledge for practical purposes, especially in industry".
Technology exists in many fields but I suppose it used for convenience to classify IT firms. Not a big deal.
by carolinaman
Fri May 25, 2018 8:15 am
Forum: Investing - Help with Personal Investments
Topic: Expenses now are 50k a year...can I plan that for retirement?
Replies: 12
Views: 1204

Re: Expenses now are 50k a year...can I plan that for retirement?

It is difficult to predict what your spending will be in retirement because you apparently are too far from retirement and are just now starting a family. Rules of thumb and what you are doing are good enough for now. As you get closer to retirement, especially once children are grown and off your p...
by carolinaman
Thu May 24, 2018 6:50 am
Forum: Personal Consumer Issues
Topic: Porting a Bundled landline to a cell phone
Replies: 4
Views: 392

Re: Porting a Bundled landline to a cell phone

My co-worker did that and he now gets a gazillion spam and political calls on his cell that used to go to his land line. He claims he's on the do not call list but he's not real swift with technology, nor could he explain why he ported the number other than "that's always been our number so I didn'...
by carolinaman
Thu May 24, 2018 6:39 am
Forum: Investing - Help with Personal Investments
Topic: Should I hire a financial adviser?
Replies: 13
Views: 1412

Re: Should I hire a financial adviser?

I think a fee only financial adviser would be helpful to develop a retirement plan for you. The caveat is there are many financial sharks masquerading as fee only advisers. These sharks often use thinly disguised plans to sell you products and services that you do not need at high fees. Two sources ...
by carolinaman
Thu May 24, 2018 6:21 am
Forum: Personal Finance (Not Investing)
Topic: I've never budgeted sucessfully
Replies: 59
Views: 4926

Re: I've never budgeted sucessfully

I use to do a budget and keep track of my expenses. I stopped doing this a while ago after my friend made a good argument against it. His argument is essentially the exercise takes too much time and is not needed unless one is spending too much. These days, I use a simpler approach. After I put awa...
by carolinaman
Wed May 23, 2018 6:24 am
Forum: Personal Consumer Issues
Topic: AAA vs. GEICO for Roadside Assistance--Help Me Decide!
Replies: 30
Views: 2203

Re: AAA vs. GEICO for Roadside Assistance--Help Me Decide!

We are long time AAA customers. We have had to use the towing service twice and AAA was very responsive. In one instance, they towed our car over 30 miles. Also, AAA will change tires, jump a dead battery and unlock your car if you locked yourself out. My wife has used them for dead battery (twice) ...
by carolinaman
Tue May 22, 2018 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Chase Savings Account emptied out!
Replies: 77
Views: 12307

Re: Chase Savings Account emptied out!

This is a good reminder for everyone to sign up for e-mail/text alerts (bank, brokerage and credit card) so you get a notification whenever there is account activity. ^This. There is no reason not to have text or email alerts on all your financial accounts. I have this for checking accounts. I had ...
by carolinaman
Tue May 22, 2018 6:40 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in early 2019.
Replies: 15
Views: 2086

Re: Retiring in early 2019.

A 4% withdrawal rate from your initial portfolio (adjusted for inflation each year) makes it highly unlikely that you will spend down your portfolio. However, that requires a minimum 30% allocation to stocks which you currently do not have. Also, you need to take into account federal/state income t...
by carolinaman
Mon May 21, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Do we need a trust?
Replies: 16
Views: 2205

Re: Do we need a trust?

... -65% of assets are in IRAs which complicates trust document setup and taxes. There seems to be numerous “gotchas” with tax rules. The trust document would have to be carefully crafted ..s. -Probate in NC is relatively straightforward and we are not concerned about it. -Special needs trust will ...
by carolinaman
Mon May 21, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Do we need a trust?
Replies: 16
Views: 2205

Re: Do we need a trust?

I would like to thank everyone for their responses to my question about whether or not we should setup a trust in our estate. I have done some further research and would like to state some factors that hopefully clarify what we are hoping to accomplish: -We do not wish to control proceeds distributi...
by carolinaman
Sat May 19, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: Enclosed Porch Addition - Good or Bad Idea?
Replies: 16
Views: 1112

Re: Enclosed Porch Addition - Good or Bad Idea?

If you decide to do it, I would recommend going ahead and adding an enclosed sunroom with windows that you can open rather than a porch that you would later enclose as a sunroom. The latter always seems to look a bit patched-together and is not as energy efficient and it would be less expensive to ...
by carolinaman
Sat May 19, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need a trust?
Replies: 16
Views: 2205

Re: Do we need a trust?

be able to dictate how it gets spent. What do you mean by this? Are you saying you want the money you leave to a responsible heir (not the special needs grandchild) to only be spent in certain ways such as on education but not others such a new car or vacation? What about health care that isn't cov...
by carolinaman
Sat May 19, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need a trust?
Replies: 16
Views: 2205

Re: Do we need a trust?

The purpose of a trust would be to protect at least some of our assets in the event some extraordinary event exhausted all of our assets I don't understand what you are going for here, can you explain? If you are talking about setting aside money for your kids to inherit even if you go broke and ne...
by carolinaman
Sat May 19, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: recruiter says you are the top candidate -- true?
Replies: 5
Views: 733

Re: recruiter says you are the top candidate -- true?

Maybe. It is in his best interest to keep all viable candidates engaged in the recruitment process. Also, a lot can happen in the recruitment process so you cannot be sure until the decision is made.
by carolinaman
Fri May 18, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need a trust?
Replies: 16
Views: 2205

Do we need a trust?

My wife and I need to update our will and we need to add durable power of attorneys (or springing POA) and health care directives. We would have one of our children be the DPOA and the other serve as backup. I am 73 and wife is 75. My pensions and our SS more than cover our annual expenses. My wife ...
by carolinaman
Fri May 18, 2018 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Having trouble figuring out expected expenses in retirement
Replies: 37
Views: 2673

Re: Having trouble figuring out expected expenses in retirement

Once children are out of the house and on their own, it should be straightforward to estimate a reasonable retirement budget based upon current expenses adjusted for the obvious retirement spending differences. Taxes will change (no more FICA), you may no longer be saving for retirement, work/commut...
by carolinaman
Fri May 18, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Surgeon salary vs owning a business salary/profit?
Replies: 47
Views: 4241

Re: Surgeon salary vs owning a business salary/profit?

My dad told me to find something I really love doing and then figure out how to make a living doing it. You are trying to figure out where you can make the most money and then educate/credential yourself to do it. You may be successful making money but will you be happy and content? Probably not. Wh...