Search found 761 matches

by donall
Sun Jul 15, 2018 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: 26 years old. Roth ira with edward jones last 3.5 years.
Replies: 44
Views: 2514

Re: 26 years old. Roth ira with edward jones last 3.5 years.

OP you are in a paradigm shift from taking someone else’s advice to using your own judgement. You are on the right path and am happy that you are making the transition at a young age.
by donall
Sun Jul 15, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance gap
Replies: 10
Views: 910

Re: Health insurance gap

Prepare paperwork for Cobra but do not send in. Son has up to sixty days to apply for Cobra, so he can apply up to October 12, as October 14 is a Sunday. If after two weeks, if no medical care is needed son does not pay for Cobra or send in paperwork. If medical care is necessary (and costs more tha...
by donall
Fri Jul 13, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Old Drip Accounts - Worth Moving to Consolidate?
Replies: 9
Views: 598

Re: Old Drip Accounts - Worth Moving to Consolidate?

You should look at your DRIP statements! I’m sure you will see that there are fees involved in reinvesting dividends. Computershare charges a high percentage for buying more stock especially if the amounts are small. You will also find that selling DRIPs involves costs and you may not be able to pic...
by donall
Thu Jul 12, 2018 4:40 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 341
Views: 10181

Re: COMING SOON: BOGLEHEADS PODCASTS

pop77 wrote:
Thu Jul 12, 2018 2:09 pm
The Boglehead Way
These three words have been used in a number of suggestions with longer names. But I like this for the simplicity and broadness as I think being a Bogleheads is not only about investing. I look forward to these podcasts!
by donall
Sun Jul 08, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Accidental Death & Dismemberment Insurance
Replies: 22
Views: 1429

Re: Accidental Death & Dismemberment Insuranc

AD and D is very cheap insurance and I am always tempted when I see the rates. But AD and D is very limited! What if you die in a car crash of a heart attack and not because of your injuries? Would AD and D pay? I’ve never seen AD and D offered for more that $100,000. Offers usually come via mail fr...
by donall
Sat Jul 07, 2018 7:52 pm
Forum: Personal Consumer Issues
Topic: $50+ gas bill for $4 in gas?
Replies: 16
Views: 3017

Re: $50+ gas bill for $4 in gas?

I’ve also noticed gas bills going higher. Last summer I noticed really high bills. As it turned out we had a gas leak outside. Same thing happened to a neighbor who had a leak at the meter.
by donall
Sat Jul 07, 2018 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Which route for older adult with no retirement?
Replies: 19
Views: 2385

Re: Which route for older adult with no retirement?

Congtradulations on starting a retirement account! It sounds like your spouse is financially savvy. You are over 50 so you can contibute up to $6500 to an IRA. You should indicate more about your financial picture, as your total income, expected age of retirement, etc. will determine the best advice...
by donall
Thu Jul 05, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: Walking Coast-to-Coast
Replies: 86
Views: 6524

Re: Walking Coast-to-Coast

Very inspirational. I’m glad you are sharing your experiences. Looking forward to the book.
by donall
Thu Jul 05, 2018 4:59 pm
Forum: Personal Consumer Issues
Topic: Any advice health insurance options for healthy 23 year old male in US seeking political asylum?
Replies: 19
Views: 1472

Re: Any advice health insurance options for healthy 23 year old male in US seeking political asylum?

Ithenderson, your mother is considered part of your household because you include her on your taxes. If a legal migrant is working and filing their own taxes (not a dependent) then they will use their own income to file for ACA and receive subsidies if income is low (this may be dependent on the typ...
by donall
Thu Jul 05, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Revocable Living Trusts-Homeowners-Umbrella Insurance
Replies: 10
Views: 1680

Re: Revocable Living Trusts-Homeowners-Umbrella Insurance

Many thanks for the reminder! We just added trusts to home and umbrella insurance.
by donall
Sat Jun 30, 2018 2:09 pm
Forum: Personal Consumer Issues
Topic: Any Reason to Keep My "Landline" Phone?
Replies: 65
Views: 3997

Re: Any Reason to Keep My "Landline" Phone?

Voice quality with VOIP is much better than cell phone. Cell phone coverage is also spotty in house.
by donall
Sat Jun 23, 2018 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Fixing My Cost Basis [on inherited stocks]
Replies: 13
Views: 849

Re: Fixing My Cost Basis [on inherited stocks]

I think I had to fill out a form to get the stocks and bonds reset at the date of death level.
by donall
Tue Jun 19, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: "distilled" water for wife's CPAP machine
Replies: 68
Views: 4808

Re: "distilled" water for wife's CPAP machine

Really bad idea, just water your plants with the water.
by donall
Tue Jun 19, 2018 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual Advisory Portfolios
Replies: 23
Views: 1041

Re: Northwestern Mutual Advisory Portfolios

I had a 403b (annuity) at NW as well as term life insurance. After I got a new NW advisor, there was a lot of pressure to get a total portfolio view and I was regularly contacted to get an investment checkup by sharing all of my investments. Then I would get an investment plan specially prepared by ...
by donall
Mon Jun 18, 2018 3:49 pm
Forum: Personal Consumer Issues
Topic: wetlands permit for septic system replacement
Replies: 10
Views: 826

Re: wetlands permit for septic system replacement

A relative’s house needed a septic field just as they had to sell their house. The permit took much longer than anticipated.
by donall
Sat Jun 16, 2018 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Which way to save for my child?
Replies: 32
Views: 1912

Re: Which way to save for my child?

The UTMA/UGMA account does not automatically revert to the child when the child turns 18. As the custodian I had to initiate the transfer. Since the account held stocks, I had to get a medallion guarantee.
by donall
Sat Jun 16, 2018 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Take a job with a company being acquired?
Replies: 16
Views: 1532

Re: Take a job with a company being acquired?

Loyalties to an employee is from the person that hired them. Unless company A or a person from company A hired you, stick with your present job. Your friend is from company B. If there is a position after the merger, then investigate.
by donall
Sat Jun 16, 2018 6:35 pm
Forum: Personal Consumer Issues
Topic: Contractor - Threatening Lien/Lawsuit
Replies: 55
Views: 6534

Re: Contractor - Threatening Lien/Lawsuit

In our state, one can file a complaint with the attorney general. This does not cost anything and may stop his harassing behavior. This can help others who may call this person for services in the future, that is until he changes the name of his company. I would monitor my bank account closely as no...
by donall
Thu Jun 14, 2018 6:56 pm
Forum: Personal Consumer Issues
Topic: cooling upstairs floor without central AC
Replies: 26
Views: 2286

Re: cooling upstairs floor without central AC

For the fans to work effectively they must be set into the windows with nonfan areas blocked off. What you describe doesn’t function. Have you considered installing an attic fan that can exhaust entire house by leaving one window open?
by donall
Sun Jun 10, 2018 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Investing some of mom's money,
Replies: 31
Views: 2091

Re: Investing some of mom's money,

You mother wants your involvement. The best thing you can do is get all assets summarized (look at past years tax forms) in a spreadsheet along with a monthly income. I can tell you from experience that this step relieves a lot of stress and will strengthen your relationship. This may also be the ti...
by donall
Mon Jun 04, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Completing Quit Claim Deed
Replies: 6
Views: 737

Re: Advice on Completing Quit Claim Deed

How is the property titiled? You are aware that you and your daughters will have the same house basis as when your father bought the house?
by donall
Wed May 30, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Is FBAR filing complicated?
Replies: 23
Views: 1712

Re: Is FBAR filing complicated?

It is easy to report on foreign accounts online.
by donall
Wed May 30, 2018 3:12 pm
Forum: Personal Consumer Issues
Topic: My mind exploded
Replies: 79
Views: 4784

Re: My mind exploded

Unless she has a closet full of footwear, buying a pair of sandals in spring seems pretty normal. Didn’t you pay for a pair of sandals for your daughter last year or the year before?
by donall
Mon May 28, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for Mom's LTC policy renewal
Replies: 9
Views: 812

Re: Advice for Mom's LTC policy renewal

Although Penn Treaty is in receivership, relative’s bills were paid and employees were professional. So I would continue paying the increased premium.
by donall
Sun May 27, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 12673

Re: Helping Adult Children (but not too much)

Two additional points to make: 1) In many cases where both the parents are involved: both parents need to realize the significance of such cases...in many cases, one of the parents maybe too lenient/soft and that's a problem in arriving at the right stance towards a "problem adult child". 2) The ea...
by donall
Sat May 26, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should parents renew life insurance?
Replies: 8
Views: 641

Re: Should parents renew life insurance?

Yes, I think your dad should renew or get a quote for life insurance up to at least the selling price of the practice. Hopefully he also has a good disability policy. What would happen to the business if your dad passed away? If it took six months to sell the practice, “good will” would be substanti...
by donall
Fri May 25, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Does IRS penalize for overpayment of taxes?
Replies: 19
Views: 2060

Re: Does IRS penalize for overpayment of taxes?

If you received your income unevenly you can use the annualized income installment method, Form 2210. For example if most of your income was in the last quarter, then you would probably not have a penalty if you paid most of your taxes in January. Your accountant should be familiar with this form.
by donall
Fri May 25, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: medicaid as early retirement medical insurance (or maybe Obamacare)
Replies: 41
Views: 3820

Re: medicaid as early retirement medical insurance (or maybe Obamacare)

Lawman: pretty sure Warren Buffett would not be able to get a health insurance subsidy as income is determined by a modified MAGI that includes social security and tax-free bonds.

Though if someone only had Roth IRAs then there would be no income and theoretically one could be on Medicaid.
by donall
Wed May 23, 2018 6:44 pm
Forum: Personal Consumer Issues
Topic: Should I spend $1,500 on getting some rust repaired on a 15 year old Buick
Replies: 36
Views: 2671

Re: Should I spend $1,500 on getting some rust repaired on a 15 year old Buick

DS inherited a 2002 Toyota with 70,000 miles. Good running condition but wheel rims kissed the curb many times and body had imprints of mailbox. Luckily no money was spent on the car, as neighbors backed into car leaving a cavity on the driver’s side. Still runs like a charm.
by donall
Tue May 22, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Difficulty with Parents-In-Law
Replies: 25
Views: 1535

Re: Difficulty with Parents-In-Law

Back off! Father in law showed you his investments so you would say what a great investor he was. You communicated the opposite. With mother in law’s gift of insurance, you want to cash it in and negating a gift of twenty something years. Note that these two raised a wonderful daughter that you marr...
by donall
Tue May 22, 2018 9:16 am
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 104
Views: 6193

Re: How have you upgraded your wardrobe?

In our neighborhood, the shabbier the clothes, the richer the guy. Oh course this is only for the retired group.
by donall
Sun May 20, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 73
Views: 5484

Re: Finance a $28,000 house for Brother?

I would not hesitate to do this for family and would work with brother to make it happen. I always helped my sister when asked. She is a risk taker while I am a plodder, so I was able to assist her when things did not turn out as planned.
by donall
Sat May 19, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 12673

Re: Helping Adult Children (but not too much)

Fund her Roth IRAs the first few years. She has an emergency fund, down payment for a house, retirement, etc. Contributions to IRAs are most beneficial when one is in their 20s.
by donall
Sat May 19, 2018 9:08 am
Forum: Personal Consumer Issues
Topic: Hardwood around the perimeter but plywood under the rug
Replies: 12
Views: 1301

Re: Hardwood around the perimeter but plywood under the rug

This border treatment is very common in Victorian homes in small towns. Victorians also used pine floors in rooms that were planned for wall to wall rug treatment. You may also want to look closely at any stained woodwork, as it may be grained to resemble oak.
by donall
Fri May 18, 2018 7:59 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants to use our land temporarily - let them or not?
Replies: 48
Views: 6358

Re: Neighbor wants to use our land temporarily - let them or not?

I would not allow someone to use my empty lot for construction staging. This is not a good neighbor, as they did not ask permission before using your land. If I had this situation, I would let them know that because of insurance reasons they are cannot use your lot. I once came home and found four p...
by donall
Fri May 18, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Home Loan from Parents
Replies: 24
Views: 2349

Re: Home Loan from Parents

This can work. This worked with three kids. Same loan rate as bank but (except for filing fee at county and drawing up contract) without closing fees. Auto deduct works like a charm.
by donall
Thu May 17, 2018 10:18 pm
Forum: Personal Consumer Issues
Topic: Should I have my new garage floor coated with Epoxy?
Replies: 23
Views: 3209

Re: Should I have my new garage floor coated with Epoxy?

Make sure you allow the concrete to cure before applying the floor coating.
by donall
Mon May 07, 2018 11:27 am
Forum: Investing - Help with Personal Investments
Topic: DRIP (Dividend Reinvestment Plan)
Replies: 21
Views: 1897

Re: DRIP (Dividend Reinvestment Plan)

SO was gifted DRIPS and did well with them. So we did the same. But during the last decade we were primarily in index funds with just a few holdover DRIPS. The DRIPS are cumbersome as the DRIPS may have separate accounts. Be aware that some DRIPS have high expenses,especially if the individual stock...
by donall
Thu May 03, 2018 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance is getting complicated
Replies: 32
Views: 5441

Re: Inheritance is getting complicated

Permit me to lay out my (small) inheritance situation to see if anyone can clarify my options: Hoping to retire early at age 60 in less than 4 years. Want this to help that goal as much as possible. I do not know whether I will be in a higher tax bracket when I retire – my husband is 14 years older...
by donall
Thu May 03, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Capital gains in a trust
Replies: 8
Views: 726

Re: Capital gains in a trust

EIC is only available with earned income, trust income is not earned income. There is also a limit on the amount of dividends and interest with EIC. Taxes at individual level are less than at trust level, so best to have trust income flow through individual. Capital gains and dividend tax rate are 0...
by donall
Thu May 03, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Capital gains in a trust
Replies: 8
Views: 726

Re: Capital gains in a trust

EIC is only available with earned income, trust income is not earned income. There is also a limit on the amount of dividends and interest with EIC. Taxes at individual level are less than at trust level, so best to have trust income flow through individual. Capital gains and dividend tax rate are 0...
by donall
Tue May 01, 2018 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for problem firm holding my inherited funds
Replies: 21
Views: 1491

Re: Advice for problem firm holding my inherited funds

I remember being asked these questions when I opened a new brockerage account a long while ago. I was counseled to indicate that I had very little investing experience. I don’t remember the exact reason but somehow it would be better if there were problems with the account, as there would be more ov...
by donall
Thu Apr 26, 2018 11:51 am
Forum: Personal Consumer Issues
Topic: Building/House Plans
Replies: 26
Views: 1756

Re: Building/House Plans

Absolutely hire an architect familiar with your lot and housing type. An architect is worth every penny and may have insights into respected contractors. The suggestions you have received are excellent, especially recommendations for future expansion that cost a small amount now. I would also add th...
by donall
Fri Apr 06, 2018 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct is a waste of time
Replies: 80
Views: 20567

Re: Treasury Direct is a waste of time

What is transact authority with Treasury Direct? How do you get this authortty for someone?
by donall
Fri Apr 06, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: help! I want to treat heirs equally
Replies: 38
Views: 5546

Re: help! I want to treat heirs equally

Even up as much as you can before death. I would let the future beneficiaries know that the gift is to equalize. After death make it equal.
by donall
Mon Mar 19, 2018 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question on EE bonds
Replies: 3
Views: 456

Re: Tax question on EE bonds

If paper bonds, who signed the bonds and wrote their social security number on the back?
If in Treasury Direct or bricksrage account, whose social security number is on the account?
by donall
Sun Mar 18, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating Price on a new build condo
Replies: 9
Views: 1039

Re: Negotiating Price on a new build condo

Developers almost never decrease the price. Their bank proforma depends on a certain selling price. In addition, a lower selling price can affect future sale prices. You can definitely negotiate for upgrades. Of course it never hurts to try to negotiate on price.
by donall
Fri Mar 16, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: How does everyone here earn so much?
Replies: 131
Views: 7782

Re: How does everyone here earn so much?

Markersquire, you are young. If you read this forum and you are in your 20s you will do fine no matter how much or little you make.