Search found 1554 matches

by vested1
Thu Oct 18, 2018 3:35 pm
Forum: Personal Consumer Issues
Topic: Jury duty - already booked vacation
Replies: 51
Views: 5334

Re: Jury duty - already booked vacation

I've been on several juries and always enjoyed it, especially the attempted murder case. I had a boss in the past who told me to throw my jury summons in the trash, which of course I refused to do. He said he always threw his away, and I informed him that if he was ever stopped by a traffic cop he w...
by vested1
Thu Oct 18, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: unlicensed repair guy possibly spent our material deposit
Replies: 25
Views: 2759

Re: unlicensed repair guy possibly spent our material deposit

dm200 wrote:
Thu Oct 18, 2018 3:10 pm
Depending on the nature of the contractor and the applicable state and local rules, being "licensed" may not be necessary (or even available) in some jurisdictions.
The OP stated that this work is being done in California.
by vested1
Thu Oct 18, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: unlicensed repair guy possibly spent our material deposit
Replies: 25
Views: 2759

Re: unlicensed repair guy possibly spent our material deposit

You didn't mention if the contractor is licensed or not. edit: (Just noticed your thread title that states the contractor is unlicensed) I would ask him about that, and if he has a license, get the number for your own protection. If he is unlicensed he can only charge $500 for labor AND materials on...
by vested1
Thu Oct 18, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Did you retire because you hit your number?
Replies: 71
Views: 6255

Re: Did you retire because you hit your number?

My initial number was modest, so I continued to move the goal posts to what I considered impossible to reach. We were within 40k of our ultimate number when my new job environment became too toxic to endure. That, along with the lies I was told about the ability to work from home, rather than the re...
by vested1
Tue Oct 16, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [impact of earnings on benefits]
Replies: 29
Views: 2749

Re: social security

My return to work is not too realistic unless I find a job I enjoy going to . I had a stressful job that I left about a year and a half ago . Im now 10 pounds lighter with normal blood pressure ( was high) My wife is 57 and will poobably work till she is 66 . She likes working. What is PIA ? If I t...
by vested1
Tue Oct 16, 2018 10:31 am
Forum: Investing - Theory, News & General
Topic: Social Security COLA - how is it applied?
Replies: 13
Views: 1285

Re: Social Security COLA - how is it applied?

I have not been following this thread, but sscritic requested via email that I post the following: Here is an example of the mechanics and how round off works: old PIA 1987.1 Claim 11 months early. fraction is 845/900 or 169/180. Benefit is 1865.67, rounded down to the nearest dollar or 1865. 2.8% ...
by vested1
Sat Oct 13, 2018 10:07 am
Forum: Investing - Theory, News & General
Topic: Who worries about a bear market in stocks?
Replies: 71
Views: 5665

Re: Who worries about a bear market in stocks?

2) (c) Those who stumbled blindly through life, oblivious to the basics of investing and planning for retirement (me). Through sheer luck in timing and the fortunate circumstance of finding this site 6 years prior to retirement I managed to do well before it was too late to do anything about it. I s...
by vested1
Tue Oct 09, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2047

Re: early retirement for health reasons- pension option ss income leveling?

I am currently employed as a nurse midwife but have worn away all the cartilage in my right wrist and there isn't a good surgical solution for me. I have mild arthritis in my left hip, low back and both thumbs. I am also a stage 3 colon cancer survivor (6 years). I actually lead a very healthy and ...
by vested1
Tue Oct 09, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 137
Views: 9586

Re: What is your annual cost for health insurance?

I thought I were one of the few unlucky that were being ripped off by Obama Care deal. Wow! There are so many unhappy people, yet the government is still running this scam. Yes, I say it is a scam. Here is why: I am 63, my wife 60 and my child is 20 (in college). Before Obama Care we used to pay ab...
by vested1
Tue Oct 09, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2047

Re: early retirement for health reasons- pension option ss income leveling?

I have a student loan for one of my children in the amount of $359 a month for 10 years. Since you seem to be cutting it close I would consider asking the child for whom the student loan was originated to assume the loan. If they graduated they are likely in a better position to pay it off than you...
by vested1
Sun Oct 07, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 137
Views: 9586

Re: What is your annual cost for health insurance?

Our combined premiums for Medicare Part B and retired employee coverage were $4,456 in 2018. Add another $500 or so for co-pays, so about $5,000 for the year. We were recently informed by her previous employer that their comprehensive coverage that costs $100 a month, and which is creditable for Med...
by vested1
Sat Oct 06, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: Help identify vine in backyard
Replies: 26
Views: 1482

Re: Help identify vine in backyard

It looks like a variety of mint to me. Put on some gloves, snip a leaf, and smell it.
by vested1
Wed Oct 03, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Question on dual HRA offerings
Replies: 5
Views: 372

Re: Question on dual HRA offerings

There is no IRS restriction on two spouses having separate HRAs from different employers. In fact an individual can have more that one HRA from different unaffiliated employers. The Medicare Part D "donut holes" goes away in 2019. Are you sure you will still have four figures of prescription out-of...
by vested1
Mon Oct 01, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Question on dual HRA offerings
Replies: 5
Views: 372

Re: Question on dual HRA offerings

There is no IRS restriction on two spouses having separate HRAs from different employers. In fact an individual can have more that one HRA from different unaffiliated employers. The Medicare Part D "donut holes" goes away in 2019. Are you sure you will still have four figures of prescription out-of...
by vested1
Sun Sep 30, 2018 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Question on dual HRA offerings
Replies: 5
Views: 372

Re: Question on dual HRA offerings

Thank you Spirit Rider, but I still need an answer to my specific question. We would have no trouble maxing out the HRA limits because of prescriptions and co-pays, along with Medicare premiums. Both HRA's will reimburse us for those costs. My question, is about both spouses having individual HRA's ...
by vested1
Sun Sep 30, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Question on dual HRA offerings
Replies: 5
Views: 372

Question on dual HRA offerings

My wife and I will likely have to transition from employee sponsored health insurance to the Medicare marketplace (don't know if I'm using that term correctly). We were using her retiree insurance, even after Medicare kicked in for both of us, but got a letter from her company a couple of weeks ago ...
by vested1
Mon Sep 24, 2018 9:56 am
Forum: Investing - Theory, News & General
Topic: Another SS question - unique situation
Replies: 5
Views: 1048

Re: Another SS question - unique situation

Here is a SS administration reference for survivor benefits. https://www.ssa.gov/planners/survivors/survivorchartred.html In the scenario you describe the survivor would receive the same amount as the spouse would have received if they had filed on the date of death. However, there would be a reduct...
by vested1
Sun Sep 23, 2018 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Emotional Investor - I'm a mess and need help!
Replies: 83
Views: 6363

Re: Emotional Investor - I'm a mess and need help!

#1 Stop investing with friends and family.

#2-infinity See #1
by vested1
Sun Sep 23, 2018 9:30 am
Forum: Investing - Theory, News & General
Topic: How do you define your success in our life, career and job?
Replies: 25
Views: 1826

Re: How do you define your success in our life, career and job?

Leaving the world a better place than I found it. Being a net positive influence by always telling the truth. Recognizing my own strengths and weaknesses; practicing my strengths and working on my weaknesses. Allowing my children enough independence to make their own mistakes and own their successes...
by vested1
Fri Sep 21, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7807

Re: Hubby soon to be laid off

I just don't understand the recommendations going into a period of economic uncertainty and immediately paying off a 2.5% $120K mortgage. Sure, it makes your monthly expense go down, but it also drains $120k of additional liquidity that will cost your practically nothing if you reinvestment in rela...
by vested1
Fri Sep 21, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7807

Re: Hubby soon to be laid off

I agree with others that you should use taxable to immediately pay off the mortgage. Immediately selling (assuming gains) will trigger Capital Gains. The OP is in the LCTG 15% bracket in 2018. Assuming all the 2019 income is from the OP's side at $30-40k, they will be in the 0% bracket. I'd hold of...
by vested1
Fri Sep 21, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming Strategy review
Replies: 19
Views: 1629

Re: Social Security Claiming Strategy review

- Your wife files at age 62 for a reduced benefit based on her own PIA in early 2019. - You file for a restricted application on her benefit (spousal only) at your FRA and receive 1/2 of her PIA, even though she filed early. - You file for your own benefit anytime after your FRA, with the maximum a...
by vested1
Fri Sep 21, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7807

Re: Hubby soon to be laid off

I agree with others that you should use taxable to immediately pay off the mortgage. As Watty said, that would bring your yearly expenses down to 48k, and if you decided to rent out the second half of your home it would offset that number to $28,800 a year. Since you earn more than that you should h...
by vested1
Thu Sep 20, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming Strategy review
Replies: 19
Views: 1629

Re: Social Security Claiming Strategy review

- Your wife files at age 62 for a reduced benefit based on her own PIA in early 2019. - You file for a restricted application on her benefit (spousal only) at your FRA and receive 1/2 of her PIA, even though she filed early. - You file for your own benefit anytime after your FRA, with the maximum am...
by vested1
Mon Sep 17, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: When to Tap Into SS
Replies: 14
Views: 1710

Re: When to Tap Into SS

You also need to look at all of your options, including the option of having your wife file at 62 so that you can file a restricted application on her benefit at your FRA. You're relative ages happen to make this work out favorably. Mitigating factors include: - You would receive 1/2 of her PIA for ...
by vested1
Sat Sep 15, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: How did you decide when to retire?
Replies: 54
Views: 8241

Re: How did you decide when to retire?

I retired 2.5 years ago at 63.5 when it became apparent that my last employer of 4 months lied through their teeth concerning promises they made before I took the job. My wife retired 6 months earlier after finally reaching age 62, having wanted to retire and bringing it up on a regular basis for th...
by vested1
Fri Sep 14, 2018 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 98
Views: 7562

Re: Leasing Cars in Retirement

I was always opposed to leasing when I was working. My attitude has changed since my wife and I retired almost 3 years ago. Our cars are old, a 2000 GMC truck and a 2007 Rav4. The truck is running great but the RAV4 has become less reliable. We are in the midst of delaying SS/paying off the mortgage...
by vested1
Tue Sep 11, 2018 5:44 pm
Forum: Personal Consumer Issues
Topic: Advice on how to deal with barking dogs
Replies: 59
Views: 5218

Re: Advice on how to deal with barking dogs

Electronic devices work for awhile, but then stop being effective if the neighbor doesn't correct their own behavior. The dogs are miserable, which is why they bark. Dogs need to be exercised, interacted with, and shown affection. My wife and I are dog lovers, but have no pets because we are conside...
by vested1
Mon Sep 10, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: I think my father has a gambling problem
Replies: 78
Views: 6830

Re: I think my father has a gambling problem

If it were truly a gambling addiction problem there would be obvious signs. Does your father visit casinos regularly, and has he set up a schedule that precludes all other activities? My parents never had any money saved and died in their 90's with a mortgage and nothing but debt. That didn't stop t...
by vested1
Mon Sep 10, 2018 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with 87K left on it
Replies: 69
Views: 6312

Re: Paying off mortgage with 87K left on it

Vested1 -- Appreciate that considered and detailed reply, particularly seeing as how you are in a not dissimilar situation. One thing that's becoming clear through these conversations and research is that people seem to define things like 'flexibility', 'having options', and 'buying power' differen...
by vested1
Sun Sep 09, 2018 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with 87K left on it
Replies: 69
Views: 6312

Re: Paying off mortgage with 87K left on it

I disagree somewhat that counting home equity as part of NW is a bad idea. Home equity is quantifiable as a estimated dollar amount, unlike the annuities some include in their NW, such as a pension or SS. I don't count home equity in NW only because I don't assign much value in NW calculations. I am...
by vested1
Sun Sep 02, 2018 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: So who's rebalancing stocks to bonds right now?
Replies: 38
Views: 4654

Re: So who's rebalancing stocks to bonds right now?

Rebalanced back to 60/40 in January when stocks hit 66%, then again in August when I needed to take out a largish sum to make an extra principal payment on the mortgage, bringing it back down to 60/40. Being retired, no new money, just the same old stale stuff. Somehow it spends the same as the new ...
by vested1
Sun Sep 02, 2018 9:35 am
Forum: Personal Consumer Issues
Topic: Installing a new toilet - shut off valve and wax ring
Replies: 33
Views: 2278

Re: Installing a new toilet - shut off valve and wax ring

We had a walk-through with a real estate agent who told us we would have to replace both our expensive 1.6 gallon per flush Kohler toilets with 1.28 gallon per flush toilets in order to pass the city inspection for selling our home. Adding to this thread to point out that yesterday I saw Delta toile...
by vested1
Fri Aug 31, 2018 10:03 am
Forum: Personal Consumer Issues
Topic: Are Skilled Nursing Facilities that Accept Medicaid Really That Bad?
Replies: 30
Views: 3637

Re: Are Skilled Nursing Facilities that Accept Medicaid Really That Bad?

There are perhaps 20 such facilities in our area, and when my MIL became too disabled to stay at home her son and I visited every one. We ended up choosing a very nice facility that was medium priced for our location at $8,500 a month. We made sure that the facility would transition to Medicaid if/w...
by vested1
Thu Aug 30, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 59
Views: 4615

Re: Post Mortem Settlement

More proof of the value of this forum: Having experienced a SS reclamation of the last received benefit checks for my parents, who died at the end of their respective months, and having heard the same from numerous others, I assumed what I was hearing was correct. Not so. After following the provide...
by vested1
Thu Aug 30, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 59
Views: 4615

Re: Post Mortem Settlement

Sorry for your loss. Her July payment from SS was her benefit for the month of June and she was entitled to that. Since she did not live for the entire month of July, any payment received in August should be returned A few who responded agreed with you, however, that's not our experience. My mother...
by vested1
Thu Aug 30, 2018 9:53 am
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 11567

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

#1 Using ticker symbols or acronyms without identifying what they stand for.

#2 Threads that exist only to voice complaints. (Oops) :oops:
by vested1
Wed Aug 29, 2018 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: One more social security Q
Replies: 10
Views: 1079

Re: One more social security Q

In much the same way as those who suffer from a certain disease becomes experts on that disease, most of us non-experts only know the answers to questions that pertain to our own situation. Perhaps Mike (ObliviousInvestor) can chime in. My personal opinion would be that once your MIL and her new hus...
by vested1
Wed Aug 29, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 59
Views: 4615

Re: Post Mortem Settlement

Sorry for your loss. Her July payment from SS was her benefit for the month of June and she was entitled to that. Since she did not live for the entire month of July, any payment received in August should be returned A few who responded agreed with you, however, that's not our experience. My mother...
by vested1
Wed Aug 29, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 59
Views: 4615

Re: Post Mortem Settlement

Thanks to all for your replies, from which I've gleaned some valuable information. As to the sale of the condo, all four siblings are in agreement and amenable to the plan, so there is no issue there. And to reiterate, there is a trust and a will, with my wife being trustee of the trust and executor...
by vested1
Tue Aug 28, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 59
Views: 4615

Re: Post Mortem Settlement

If there are listed beneficiaries on accounts, assets such as the house are titled in the trust (or in your case in the names of the 4 children), and the will refers to the trust as the guiding document (pour over will) there ie no need to go through probate. You can probably just use a small estat...
by vested1
Tue Aug 28, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 59
Views: 4615

Re: Post Mortem Settlement

The only aspect I could figure out was the amount paid out from June of 2015 to June of 2025 of $581 a month. She bought the annuity in 1995, so it was deferred for 20 years, and as stated before, was a surprise to all of us. The total payout will be $69,720 on an initial premium of $48,000. By my ...
by vested1
Tue Aug 28, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 59
Views: 4615

Re: Post Mortem Settlement

To be clear, my wife is trustee of the trust and executor of the will. Has she actually been appointed executor by the court or is she simply named in the will? If she is appointed you would have letters testamentary. Gill The trust is recorded by the court with my wife being primary trustee and he...
by vested1
Tue Aug 28, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 59
Views: 4615

Re: Post Mortem Settlement

To be clear, my wife is trustee of the trust and executor of the will.
by vested1
Tue Aug 28, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 59
Views: 4615

Re: Post Mortem Settlement

...and they refuse to send us a contract even though my wife has full POA and is executor of the trust. The annuity company has been difficult and we may need to get her lawyer involved. The POA is meaningless at this point as is the fact she is trustee (not executor) of the trust. Aren't you able ...
by vested1
Tue Aug 28, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 59
Views: 4615

Re: Post Mortem Settlement

BTW, the city cemetery's website was outdated, so the costs were inaccurate, as well as their policy for the possibility of selling back the niche to the city. They took no responsibility for the inaccuracies. They will consider buying the niche back for 35% of the current cost ($6,300) or $2,205, w...
by vested1
Tue Aug 28, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 59
Views: 4615

Re: Post Mortem Settlement

Update: Making progress on all fronts, but some agencies have put up what I consider unreasonable roadblocks to getting all affairs settled. For instance: The city cemetery wants notarized forms filled out by my wife, and a $180 transfer fee for the niche before they will consider buying it back for...
by vested1
Sat Aug 25, 2018 11:04 am
Forum: Personal Consumer Issues
Topic: Circuit breaker stays tripped
Replies: 29
Views: 2755

Re: Circuit breaker stays tripped

Since you have replaced the breaker I ASSUME you are comfortable working inside the panel box. If so, remove the wire(s) on the breaker that trips. 1 wire, aka single pole is 120V circuit, 2 wires, aka double pole would be a 240V circuit. With the wires removed from the breaker, flip breaker on and...
by vested1
Fri Aug 24, 2018 7:13 am
Forum: Personal Consumer Issues
Topic: Circuit breaker stays tripped
Replies: 29
Views: 2755

Re: Circuit breaker stays tripped

ThankYouJack wrote:
Thu Aug 23, 2018 4:09 pm
Thanks all. I unplugged everything, also took a look at all of the outlets (they look fine). Same results. I figure time and safety are important so I'm going to call an electrician.
You'reWelcomeJack, Prudence triumphs.
by vested1
Thu Aug 23, 2018 1:05 pm
Forum: Personal Consumer Issues
Topic: Circuit breaker stays tripped
Replies: 29
Views: 2755

Re: Circuit breaker stays tripped

The first thing I would do, if you haven't already, is to unplug every device that is connected to that circuit breaker then try to reset it again. If it resets, plug the devices in one at a time and check the breaker again before plugging in the next one. It would be a shame to pay for a visit if t...