Search found 2492 matches

by J295
Sat Sep 26, 2020 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Add wife to deed-I have an owners title policy
Replies: 4
Views: 471

Re: Add wife to deed-I have an owners title policy

Contact the title company to get your answer. Do it by email so you have documentation on their direction.
by J295
Fri Sep 25, 2020 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Should I have an estate plan at this point in my life?
Replies: 25
Views: 1482

Re: Should I have an estate plan at this point in my life?

Personally, when we were that age we were comfortable with wills with testamentary trusts, durable powers of attorney for healthcare, and powers of attorney.
by J295
Thu Sep 24, 2020 12:01 pm
Forum: Personal Consumer Issues
Topic: Trying to open a checking account for my LLC
Replies: 17
Views: 683

Re: Trying to open a checking account for my LLC

Single member LLC is not required to have federal EIN (assuming no election to be taxed as a corporation). Single member LLCs report on their 1040 using their SSN. Will bank take SSN ?
by J295
Wed Sep 23, 2020 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Dental practice billing
Replies: 34
Views: 2599

Re: Dental practice billing

I’d be principally concerned with quality of care, which I can’t help you evaluate online.

I sense many medical and non-medical businesses are frequently looking for cross-selling opportunities.
by J295
Wed Sep 23, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity international wire transfers
Replies: 5
Views: 433

Re: Fidelity international wire transfers

If you have used Fidelity to initiate an international wire transfer in US dollars please let me know your experience. They offer it for no fee. It works as advertised. Make sure they know the currency wired should stay as US dollars. More from my experience here: https://thefinancebuff.com/free-in...
by J295
Tue Sep 22, 2020 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity international wire transfers
Replies: 5
Views: 433

Fidelity international wire transfers

If you have used Fidelity to initiate an international wire transfer in US dollars please let me know your experience. They offer it for no fee. We have been with Fidelity for over 40 years, and will likely be making a few wire transfers from the United States to China each month, and the $0 option ...
by J295
Sun Sep 20, 2020 4:23 pm
Forum: Personal Consumer Issues
Topic: What can I expect from new golf clubs
Replies: 93
Views: 5002

Re: What can I expect from new golf clubs

61 y/o 6 handicap. When we put together foursomes in our senior group I am a B or C level player, as there are some pretty salty players in our crew playing a Pete Dye course regulaly (two former state senior champs). So while I don’t play scratch, I see a fair amount of it close up, and get it arou...
by J295
Thu Sep 17, 2020 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: California Auto Registration Fees — Moving
Replies: 12
Views: 1162

California Auto Registration Fees — Moving

Anyone here moved out of California and received a pro rata refund of any auto registration fees?

As I understand it California does not issue refunds upon a move?

Let me know if you have experience with this and the outcome. Thank you very much
by J295
Tue Sep 15, 2020 6:38 pm
Forum: Personal Consumer Issues
Topic: what do others pay for umbrella insurance, and is it needed?
Replies: 58
Views: 4616

Re: what do others pay for umbrella insurance, and is it needed?

$235 for $2 million coverage. Retired.

Have always carried for two reasons ....
1. Personal asset protection (doing it for us)
2. If we accidentally cause a catastrophic type economic injury to someone we want them to receive adequate insurance proceeds (doing it for them not us).
by J295
Tue Sep 15, 2020 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Financial Elder Abuse/Neglect/Inheritance Theft - lawsuit or mediation?
Replies: 71
Views: 5952

Re: Financial Elder Abuse/Neglect/Inheritance Theft - lawsuit or mediation?

Didn’t read up thread. perhaps already been suggested.

1. Mediation for legal dispute
2. Counseling for OP if interested
by J295
Fri Sep 11, 2020 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Old friend joined Northwestern Mutual -- how to politely explain they're awful
Replies: 87
Views: 6694

Re: Old friend joined Northwestern Mutual -- how to politiely explain they're awful

I would be blunt. I once invited an Edward Jones door knocker into my home, had him take a seat, and told him that his new employer and him were stealing the retirement money from all their friends, their wives, their family, and that I would like to see Edward Jones go out of business, and that I ...
by J295
Fri Sep 11, 2020 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: So how does CA track residency for tax purposes?
Replies: 37
Views: 2693

Re: So how does CA track residency for tax purposes?

My FIL has a place in VA and in FL and he keeps a journal for travel to FL, keeps airline tickets, uses a credit card for dinners, and the like, and makes sure that he spends 180+ days in FL.) I believe if your FIL maintains a home in VA, he would be considered a resident no matter how much time he...
by J295
Thu Sep 10, 2020 8:14 pm
Forum: Personal Investments
Topic: Asset Allocation at age 61
Replies: 55
Views: 5520

Re: Asset Allocation at age 61

Your 40/40/20 is reasonable.
by J295
Thu Sep 10, 2020 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: How to interview a buyer's agent?
Replies: 22
Views: 1199

Re: How to interview a buyer's agent?

In addition to good advice above .... ask them what qualities they would look for if they were in your shoes. As for signing an agreement.... many agents here have no binding contract with buyers. The idea is that if buyer at anytime isn’t comfortable with agent buyer can walk —- good agents can siz...
by J295
Tue Sep 08, 2020 10:27 am
Forum: Personal Investments
Topic: Are we being too conservative for our retirement?
Replies: 38
Views: 4373

Re: Are we being too conservative for our retirement?

Interesting post. Thanks. FWIW. We are 61, and I transitioned away from full-time employment eight years ago. We believe we have more than sufficient assets for our needs, and plan to leave assets to our children and make some lifetime gifts. We used an age based allocation and right now sit at appr...
by J295
Mon Sep 07, 2020 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Can spouse waive/disclaim joint account with parent?
Replies: 13
Views: 1099

Re: Can spouse waive/disclaim joint account with parent?

If you want a correct answer instead of internet best guesses see a lawyer.
by J295
Mon Sep 07, 2020 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - ignore VA and FHA offers?
Replies: 11
Views: 1185

Re: Selling home - ignore VA and FHA offers?

You have provided your perspectives. Now time to stand down and support your parents.
by J295
Thu Sep 03, 2020 6:00 pm
Forum: Personal Consumer Issues
Topic: To Join a Gym or Not After 70? Type of Gym? Are Fitness Goals Achievable?
Replies: 70
Views: 4248

Re: To Join a Gym or Not After 70? Type of Gym? Are Fitness Goals Achievable?

Join a gym, choosing one that has a good senior population. In our area, the hospitals have stand alone fitness centers, and they are clean and cater to a more mature crowd. Get a trainer with experience working with people your age and condition. Is it too late for you to start? Absolutely not And ...
by J295
Mon Aug 31, 2020 2:58 pm
Forum: Personal Investments
Topic: Convincing teenager to invest in Roth
Replies: 109
Views: 5788

Re: Convincing teenager to invest in Roth

“Convincing a teenager”. Good luck with that one 😃 We did Roth and investment accounts for all of our kids when each started junior high. Each was a 50% match. We didn’t necessarily need each of them to be convinced of anything, just to join in. Now with the youngest one at age 30 everyone has a nic...
by J295
Mon Aug 31, 2020 2:15 pm
Forum: Personal Investments
Topic: Help me break my addiction to watching the Market / Worrying
Replies: 52
Views: 3639

Re: Help me break my addiction to watching the Market / Worrying

Change is simple, but not easy. Treat this like you would any other addiction.
by J295
Mon Aug 31, 2020 2:10 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 28034

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

You have provided your perspective. Now stand down and support your dad.
by J295
Sat Aug 29, 2020 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house without income but with assets
Replies: 13
Views: 2122

Re: Buying house without income but with assets

I am looking to buy a house but I recently left my job and have no immediate plans to have any W-2 income. One of my friends who is in a similar position mentioned to me that he was able to secure a mortgage equal to around 30% of his net worth. Are there any creative ways to get financing here? An...
by J295
Sat Aug 29, 2020 10:57 am
Forum: Personal Consumer Issues
Topic: Digitizing VHS ....
Replies: 8
Views: 562

Re: Digitizing VHS ....

Thanks for the input. Edited post to clarify that these are to digitize family recordings.
by J295
Sat Aug 29, 2020 9:02 am
Forum: Personal Consumer Issues
Topic: Digitizing VHS ....
Replies: 8
Views: 562

Digitizing VHS ....

Is this do it yourself, or paying a vendor?

If DIY can you please point me to some instructions… And if paying someone can you recommend a vendor?

The VHS are family recordings.
by J295
Mon Aug 24, 2020 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Do you talk to your friends/family/coworkers about this stuff?
Replies: 210
Views: 16556

Re: Do you talk to your friends/family/coworkers about this stuff?

One thing that has blown me away is that even some (otherwise) very smart co-workers pay financial advisors to handle their investments. Others do not, and have no idea what they are invested in. It amazes me how much trouble people (in general) have getting their heads around money and investing. ...
by J295
Mon Aug 24, 2020 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Want to write a will, having trouble finding an attorney
Replies: 45
Views: 2885

Re: Want to write a will, having trouble finding an attorney

I would just get back to the lawyer and suggest moving ahead without an in person meeting. There is another issue: Do you have such a small estate and simple needs that this is appropriate? $250 is a very low price for a will. It would have to be a boilerplate and the lawyer expects to spend very l...
by J295
Mon Aug 24, 2020 7:30 am
Forum: Personal Consumer Issues
Topic: Issues with Builder- New Construction
Replies: 25
Views: 1962

Re: Issues with Builder- New Construction

Retired lawyer here. There are two sides to every story. You have provided one side. Getting a good lawyer is expensive. It was rare that our firm would get involved in a residential construction dispute on the homeowner side simply because there were not enough funds at issue to justify the anticip...
by J295
Mon Aug 24, 2020 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Do you talk to your friends/family/coworkers about this stuff?
Replies: 210
Views: 16556

Re: Do you talk to your friends/family/coworkers about this stuff?

I don’t discuss unless asked, and then only to the extent there is genuine interest.

Sidebar: there are many ways to accumulate wealth and the “bogglehead” method, however that may be defined, is not the only one.
by J295
Sun Aug 23, 2020 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Want to write a will, having trouble finding an attorney
Replies: 45
Views: 2885

Re: Want to write a will, having trouble finding an attorney

Use the ACTEC directory (online) as your starting point.
by J295
Sat Aug 22, 2020 4:16 pm
Forum: Personal Investments
Topic: Assets at Single, or Multiple Brokerages?
Replies: 19
Views: 1271

Re: Assets at Single, or Multiple Brokerages?

Thank you all for taking time to help out.
by J295
Sat Aug 22, 2020 4:09 pm
Forum: Personal Investments
Topic: Cash allocation after retirement...
Replies: 29
Views: 3085

Re: Cash allocation after retirement...

Basically retired eight years ago at age 53. We have more than enough financial resources, and have around 50% in stocks, 30% in bonds, tips, etc., and 20% in “cash” meaning for us CDs, short term bond fund, I bonds, etc. As you know, 20% of “a few million” is a fair amount of money, but our primary...
by J295
Sat Aug 22, 2020 10:54 am
Forum: Personal Investments
Topic: Assets at Single, or Multiple Brokerages?
Replies: 19
Views: 1271

Assets at Single, or Multiple Brokerages?

61 y/o couple. We have about 2/3 of our net worth in assets at Fido, consisting principally of retirement plan assets. Balance is at VG and real estate. I'm inclined to leave things this way, with an understanding that risk of loss to us in the event of a brokerage failure is quite small. Make sense...
by J295
Sat Aug 22, 2020 10:44 am
Forum: Personal Consumer Issues
Topic: Cord cutting 2020 - Youtube TV
Replies: 28
Views: 2708

Re: Cord cutting 2020 - Youtube TV

Have had YouTube TV for a while now. Very good for us. All the sports covered.
by J295
Sat Aug 22, 2020 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Dispute--Any Suggestions?
Replies: 46
Views: 2424

Re: Credit Card Dispute--Any Suggestions?

Just dispute it. I had to do this once for a recurring car wash subscription they didn't cancel so I disputed; a bit later the vendor took care of it with a credit. No hard feelings and no hassles.
by J295
Sat Aug 22, 2020 6:54 am
Forum: Personal Consumer Issues
Topic: “Experiences” - aka family vacations
Replies: 24
Views: 2765

Re: “Experiences” - aka family vacations

Here’s what my 87-year-old parents have done for the last 10 years or so… Rented a large home in Colorado for a week. Can hold 25 people. It’s within a 500 mile drive for most, and an airline flight for a few. Everyone who can make it gets there for whatever time works out. Many can’t make it… New b...
by J295
Sat Aug 22, 2020 6:43 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard vs Fido vs Schwab as corporate trustee
Replies: 30
Views: 1663

Re: Vanguard vs Fido vs Schwab as corporate trustee

As a point of reference we have accounts at Fidelity and Vanguard and have had no issues. In fact, we’ve been with Fidelity 38 years and been highly satisfied. I am a retired lawyer, and our firm had a robust estate planning section and I observed a fair amount of trust related activities. Although ...
by J295
Wed Aug 19, 2020 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Am I entitled to bring in my own real estate agent after a showing by the listing agent?
Replies: 39
Views: 3454

Re: Am I entitled to bring in my own real estate agent after a showing by the listing agent?

OK, thanks for the quick response. So just to be sure, as long as I don't sign anything, I am safe to anything I want. I usually just see houses that I am interested in by just calling the listing realtor and meeting them there. Nothing is in writing. In our city this would be considered “bad form....
by J295
Tue Aug 18, 2020 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Discount vs. full-price realtor
Replies: 126
Views: 5685

Re: Discount vs. full-price realtor

A real estate agent represents the deal, not the buyer or seller, as they don't get paid unless the deal is made. A real estate agent isn't a fiduciary, and doesn't have the seller or the buyers best interest in mind at all. There will be times when the buyer and/or seller's interests overlap with ...
by J295
Tue Aug 18, 2020 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Discount vs. full-price realtor
Replies: 126
Views: 5685

Re: Discount vs. full-price realtor

chipperd wrote: Tue Aug 18, 2020 5:07 am .... A real estate agent isn't a fiduciary, ....
Incorrect statement of the law in our jurisdiction, and I suspect an incorrect statement of the law in most if not all jurisdictions.
by J295
Tue Aug 18, 2020 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Discount vs. full-price realtor
Replies: 126
Views: 5685

Re: Discount vs. full-price realtor

OP. A follow-up to my earlier post based on some of the ongoing dialogue ... Good luck on your continuing efforts. It can be an exciting time. Your removal of the appraisal contingency will help make your offer look more attractive. There are a range of things that sellers consider, although of cour...
by J295
Mon Aug 17, 2020 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Should I become a Professional Gambler?
Replies: 84
Views: 8304

Re: Should I become a Professional Gambler?

...but it crossed my mind that becoming a professional gambler and counting this more as a side business for tax purposes could have some additional advantages. Might anyone here be familiar enough with this or a similar situation to offer advice or direction? No known tax advantages to calling thi...
by J295
Mon Aug 17, 2020 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Discount vs. full-price realtor
Replies: 126
Views: 5685

Re: Discount vs. full-price realtor

It happens that we have strong real estate expertise, and therefore have not had need for an agent. If you have strong expertise and really just need a paper pusher to follow your directives, then getting the least expensive compliant agent would make sense. In the absence of strong expertise on the...
by J295
Sun Aug 16, 2020 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Need help forming a LLC for my clinic.
Replies: 40
Views: 2069

Re: Need help forming a LLC for my clinic.

1. Obtain an understanding as to why you are doing this and what the financial and legal ramifications are. If you don’t understand why you are doing it, get professional assistance from a lawyer and/or accountant. If you’re not understanding why from The consultations you have had with your curren...
by J295
Sun Aug 16, 2020 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Need help forming a LLC for my clinic.
Replies: 40
Views: 2069

Re: Need help forming a LLC for my clinic.

1. Obtain an understanding as to why you are doing this and what the financial and legal ramifications are. If you don’t understand why you are doing it, get professional assistance from a lawyer and/or accountant. If you’re not understanding why from The consultations you have had with your current...
by J295
Sun Aug 09, 2020 9:08 pm
Forum: Personal Consumer Issues
Topic: Text Message Auto Spelling Name
Replies: 2
Views: 451

Re: Text Message Auto Spelling Name

Silk. Thanks!!!
by J295
Sun Aug 09, 2020 8:37 pm
Forum: Personal Investments
Topic: Organize fidelity brokerage account
Replies: 10
Views: 1017

Re: Organize fidelity brokerage account

Single account
by J295
Sat Aug 08, 2020 4:55 pm
Forum: Personal Consumer Issues
Topic: How low can I expect a dealer to reasonably go?
Replies: 4
Views: 701

Re: How low can I expect a dealer to reasonably go?

Assume that you are serious about purchasing right away. If that’s the case, tell each of them you are going to make a decision on Tuesday at 5 PM, and ask them to each submit to you their best price. Of course, make sure that Price is out the door with all of the agreed-upon features, including if ...
by J295
Sat Aug 08, 2020 2:26 pm
Forum: Personal Consumer Issues
Topic: Text Message Auto Spelling Name
Replies: 2
Views: 451

Text Message Auto Spelling Name

On both iMessages and Google hangouts messages using my iPhone when I dictate the name of our daughter Katharine, it is always spelled Catherine. I then go in and correct it.

Does anyone know a method in settings so that when I dictate the name it is always spelled with a K?
by J295
Sat Aug 08, 2020 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Custom Home Thoughts
Replies: 103
Views: 7528

Re: Custom Home Thoughts

Build it Get an architect and the designer on your team. Don’t rely solely on the contractor, no matter how great you think he/she is. In our 38 your married life we have completely renovated two awesome homes, and sandwiched in between those two had a custom home built. Loved all these homes, the f...