Search found 920 matches

by donall
Wed Jul 22, 2020 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap Insurance Premium Increase
Replies: 22
Views: 1346

Re: Medigap Insurance Premium Increase

OP here, just having a hard time with Medigap insurance conceptually. With insurance such as the ACA and Part D, one can get rates from all the plans and then choose the best fit from the perspective of drugs, in-network hospitals, in-network doctors annually. Pre-existing conditions don’t affect mo...
by donall
Wed Jul 22, 2020 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Medigap Insurance Premium Increase
Replies: 22
Views: 1346

Re: Medigap Insurance Premium Increase

Two years ago this agent called the relative and said if they reapply then they could have lower costs. Unfortunately relative had a condition where this was not practical and so no change was made. I suspect when the agent did this the composition of the cohort changed due to healthy individuals le...
by donall
Tue Jul 21, 2020 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap Insurance Premium Increase
Replies: 22
Views: 1346

Re: Medigap Insurance Premium Increase

Relative is in Illinois. Cheese-breath, thank you for letting me know what question to ask. I just asked And relative has an adverse health situation that is stable.
by donall
Tue Jul 21, 2020 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap Insurance Premium Increase
Replies: 22
Views: 1346

Medigap Insurance Premium Increase

Each year I help a relative chose a plan D. Four years ago this relative choose a medigap policy, plan G Using an insurance broker. The plan premium was reasonable at about $125 for a year, then $139 for a few months, then to $168 For the past year. They received a notice of $212 starting in a few m...
by donall
Mon Jul 20, 2020 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Trigger an estate tax by moving IRA before death?
Replies: 44
Views: 1690

Re: Trigger an estate tax by moving IRA before death?

Sorry to hear about your mom’s situation. It is a difficult time. If you want to take advantage of zero federal tax, then convert to a Roth an amount less than the senior standard deduction of $13,700. Wisconsin also has an exemption of $750 and a standard deduction of $10,580 if income is below $15...
by donall
Mon Jul 13, 2020 8:48 pm
Forum: Personal Investments
Topic: Invest in mediocre 401k?
Replies: 14
Views: 808

Re: Invest in mediocre 401k?

Some 401 plans also allow transfers out of plan.
by donall
Sun Jun 14, 2020 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance (ACA) for adult child 26+
Replies: 16
Views: 922

Re: Health insurance (ACA) for adult child 26+

Former navigator here. Just follow how you or son would file income taxes. If your son Is a dependent on your taxes, then household income and number in household is used for ACA. If son is not on your taxes, then his income is separate from yours for ACA purposes. If son has no income and your stat...
by donall
Wed Jun 03, 2020 5:09 pm
Forum: Personal Investments
Topic: Exceeding insurance limit on IRA at NFCU
Replies: 14
Views: 796

Re: Exceeding insurance limit on IRA at NFCU

I would add a beneficiary to increase the insurance limits. After adding the beneficiary, you can adjust the percentage if necessary.
by donall
Sat May 09, 2020 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: 2020 Tax Credit: Stimulus & taxable Social Security
Replies: 9
Views: 535

Re: 2020 Tax Credit: Stimulus & taxable Social Security

The stimulus payment is based on 2019 income (or 2018 income if 2019 not yet filed). Stimulus payment is a pre-2020 tax credit. My understanding is that if you receive a stimulus payment and then 2020 AGI is more than $200K then you will not need to pay it back.
by donall
Mon May 04, 2020 9:05 pm
Forum: Personal Consumer Issues
Topic: Toilet lid suddenly popped up?
Replies: 30
Views: 3618

Re: Toilet lid suddenly popped up?

Is this a Sloan flushmate? Pretty sure there was a recall on this product.
by donall
Wed Apr 29, 2020 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Will / Trust Question- Home Sale Issue. I need help.
Replies: 31
Views: 1372

Re: Will / Trust Question- Home Sale Issue. I need help.

Sorry about your loss. Sounds like your grandmother planned that the house proceeds go to her grandchildren. Her wishes should be respected despite the pressure from mom and aunt. At any rate, any decision such as that is best done after a year has passed.
by donall
Sun Apr 26, 2020 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff house and quit good-paying job?
Replies: 112
Views: 8275

Re: Payoff house and quit good-paying job?

Well, theme parks, etc. will probably not be open or hiring this summer.
by donall
Sun Apr 26, 2020 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2601

Re: File tax return electronically

Pretty sure I filed a 1040 and 1041 for the year of death electronically as an executor.
by donall
Sat Apr 25, 2020 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: DD's apartment complex requires renters insurance
Replies: 50
Views: 2109

Re: DD's apartment complex requires renters insurance

As a former landlord, I felt it was a service to the renter to require renters insurance. Renters often assume that their possessions are insured through the owners insurance. Rates for renters insurance are very reasonable.
by donall
Sun Apr 19, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Parent is working grueling job, considering retiring just a few years before pension. How else can I help her decide?
Replies: 50
Views: 3563

Re: Parent is working grueling job, considering retiring just a few years before pension. How else can I help her decide

Study your mom’s pension plan handbook!! Most state jobs have accrued sick days that count towards the years needed for retirement. Often they can count up to one year. Some pension systems have more. Vacation time may also accrue and can be counted. There may be special early retirement programs, b...
by donall
Sat Apr 11, 2020 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Helping in-law - hasn't filed taxes since 2010
Replies: 54
Views: 3943

Re: Helping in-law - hasn't filed taxes since 2010

Good luck! Hope your relative has the W-2s. As a VITA volunteer, we did returns for three years back using transcripts. Transcripts do not have state information. So if your state is like mine, state withholding is not available from the state and W-2s were important to obtain.
by donall
Sat Apr 11, 2020 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Estate/Tax advice. 1040, 1041, 709, 706, oh my?
Replies: 16
Views: 812

Re: Estate/Tax advice. 1040, 1041, 709, 706, oh my?

1041 is filed to report income from the estate. Taxes are paid by the estate on the income or is passed through to the beneficiaries with a K-1 so they can pay the taxes. Not sure about your situation, but I hired an accountant who specializes in this area. There can be significant losses that flow ...
by donall
Sun Apr 05, 2020 10:08 pm
Forum: Investing - Theory, News & General
Topic: Why not go EE bonds (instead of bond funds)?
Replies: 176
Views: 11261

Re: Why not go EE bonds (instead of bond funds)?

My only issue is my advisor wants everything in a revocable trust. This means we are stuck with only buying $10K per year (the limit on the trust account is as if it is one person). Any thoughts on this? If I buy them outside the trust and register "with" do I protect us so if one dies the other ge...
by donall
Wed Apr 01, 2020 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritors Need to Open an EJ Account to Access Inheritance?
Replies: 25
Views: 2119

Re: Inheritors Need to Open an EJ Account to Access Inheritance?

Depends on the account. If a revocable trust then a new irrevocable trust account is opened. Transfers to beneficiaries can be done to any brokerage by trustee. If a TOD account then, often individual beneficiary accounts at holding brokerage are done.
by donall
Sun Mar 29, 2020 1:13 pm
Forum: Personal Consumer Issues
Topic: [Netflix:] Can We Talk About Tiger King: Murder, Mayhem and Madness?
Replies: 46
Views: 4297

Re: Can We Talk About Tiger King: Murder, Mayhem and Madness?

I could not watch after episode 1. Could not write fiction this unbelievable.
by donall
Sun Mar 29, 2020 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Re-titling I Bonds to a Revocable Trust
Replies: 13
Views: 753

Re: Re-titling I Bonds to a Revocable Trust

I did this a while ago and it went smoothly. After indicating the bonds to transfer and the TD account, a form was printed. The form needed a signature guarantee. It took a couple of weeks to see the transferred bonds in the account transferred to after mailing in the form. I got a confirmation emai...
by donall
Sun Mar 29, 2020 12:04 pm
Forum: Personal Consumer Issues
Topic: New Gutters Now or Later?
Replies: 12
Views: 1000

Re: New Gutters Now or Later?

Usually gutters are replaced when a new roof is put on, especially if they are the standard aluminum type. Gutters get damaged during roof replacement.
by donall
Wed Mar 25, 2020 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Getting rid of a defaulted bond in a trust
Replies: 6
Views: 333

Re: Getting rid of a defaulted bond in a trust

Had the same issue with shares worth about $.30. Most brokerages will take over investments such as this for no cost for estates. They do this as a service.
by donall
Thu Mar 19, 2020 9:41 pm
Forum: Personal Consumer Issues
Topic: Master of biology degree
Replies: 40
Views: 2070

Re: Master of biology degree

The standard advice is to get a BS or PhD. Use the BS as a springboard to health professions, etc. the MS cannot do much more than a BS would and would lose out to PhDs. Not even sure there are many MS programs in Biology.
by donall
Mon Mar 16, 2020 7:45 pm
Forum: Personal Investments
Topic: Am I too old to buy EE bonds?
Replies: 11
Views: 972

Re: Am I too old to buy EE bonds?

Just a question on gifting bonds. If the bond is worth more than the $10,000 as it has been held a number of years, can the total bond be gifted or can you only gift up to the $10,000 yearly limit?
by donall
Fri Feb 21, 2020 10:28 pm
Forum: Personal Consumer Issues
Topic: Master of Social Work degree
Replies: 111
Views: 4792

Re: Master of Social Work degree

There are limited options with a bachelor in Social Work. Most positions require a master’s degree in Social Work not because it is necessary, but because employers can require it. When I was in a hiring capacity (hiring for Non social work positions), I found the best employees had a public health ...
by donall
Mon Feb 10, 2020 11:03 pm
Forum: Personal Consumer Issues
Topic: Selling my home, get a septic inspection before listing?
Replies: 30
Views: 1470

Re: Selling my home, get a septic inspection before listing?

Sold a relative’s house last year with a septic system. We had a septic test done because it was called for in the sales contract. The contract fell through due to financing. The house quickly went under contract again. Oddly, the new buyers did not ask for a septic system test, but we provided it a...
by donall
Thu Jan 30, 2020 1:19 am
Forum: Personal Consumer Issues
Topic: Should I install modern water savings toilet in old building? Plumber says absolutely NOT TO
Replies: 52
Views: 5624

Re: Should I install modern water savings toilet in old building? Plumber says absolutely NOT TO

Drainage pipes need to be correctly sized for low flow toilets. Retrofitting a low flow toilet into an older system is asking for trouble. Blockages will happen on the horizontal parts.
by donall
Mon Jan 27, 2020 9:52 pm
Forum: Personal Investments
Topic: Executor of an estate
Replies: 51
Views: 3720

Re: Executor of an estate

I was an executor for an estate in 2017. I asked the beneficiaries if they wanted the securities, bonds, brokerage CDs, and funds sold or wanted transfers. They agreed on the selling of a particular stock and two CDs, transfer of the rest in kind. This happened fairly quickly and was the right decis...
by donall
Thu Jan 23, 2020 8:23 pm
Forum: Personal Consumer Issues
Topic: Baby registry "must haves"?
Replies: 64
Views: 3384

Re: Baby registry "must haves"?

Baby food makers that steam, cook and purée.
by donall
Wed Jan 22, 2020 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Asset Elimination
Replies: 14
Views: 1549

Re: Asset Elimination

uDirect handles self directed IRAs. Is the stock in an IRA?
by donall
Sun Jan 19, 2020 11:47 pm
Forum: Personal Consumer Issues
Topic: Time to get a bearded dragon?!
Replies: 57
Views: 4725

Re: Time to get a bearded dragon?!

No, too much opportunity for salmonella with a reptile and young kids.
by donall
Sun Jan 19, 2020 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare
Replies: 166
Views: 17235

Re: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare

Story of citizenship, business, etc. is too convoluted to know what is actually true. Dad sounds like a classic “ghost” who avoids a footprint. Sometimes is best to not delve into past. Help mom as best you can without getting involved.
by donall
Sat Jan 18, 2020 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Wedding gift for Roth IRA: income minimum?
Replies: 9
Views: 524

Re: Wedding gift for Roth IRA: income minimum?

It’s pretty easy to contribute to someone’s Roth account if you know the account number. Of course you cannot control what happens after the funds are deposited.
by donall
Fri Jan 17, 2020 1:43 pm
Forum: Personal Consumer Issues
Topic: Best Way to Resolve Property Line/Fence Issue with Heirs
Replies: 53
Views: 4115

Re: Best Way to Resolve Property Line/Fence Issue with Heirs

Survey your property. Notify neighbors that you will be replacing fence, and ask them to remove the shed a week before. Replace fence and remove shed if it has not been removed. In our area, contractors can enter neighboring property when installing a fence. Fence contractor should know regulations....
by donall
Fri Jan 17, 2020 1:31 pm
Forum: Personal Consumer Issues
Topic: Mazda CX-5 - seat comfort question?
Replies: 41
Views: 3912

Re: Mazda CX-5 - seat comfort question?

The CX-5 has/had uncomfortable seats. If you are tall, the seating area is short and half of your thighs hang over the seat. The hard side bolsters also limit your leg position. I have not looked a the new models, so perhaps this has changed. Was very interested in this car, but the uncomfortable se...
by donall
Fri Jan 17, 2020 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: [Solved] W2 Dependent Care - Box 10 over?
Replies: 2
Views: 182

Re: W2 Dependent Care - Box 10 over?

Don’t you round up or round down pennies when inputting figures into tax forms?
by donall
Mon Jan 06, 2020 12:12 am
Forum: Personal Investments
Topic: Married in 2019 - next steps
Replies: 12
Views: 1283

Re: Married in 2019 - next steps

Too much income for making Roth contributions. TIRA interferes with back door Roth for him.
by donall
Sun Jan 05, 2020 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Name on Deed to home question
Replies: 17
Views: 1514

Re: Name on Deed to home question

You should not put house in your son’s name!! House insurance should not be much higher because a member of the family is living in house. The property taxes are a real surprise. Wouldn’t it be better just be easier to help your son with rent every month?
by donall
Thu Dec 26, 2019 2:13 pm
Forum: Personal Investments
Topic: Age 62 - just lost job - seeking advice
Replies: 110
Views: 12193

Re: Age 62 - just lost job - seeking advice

OP, on getting a job with your existing skill set, look to positions in federal, state and local government units as well as schools districts and universities. These entities tend to have outdated IT systems and your current skills could be quite valuable. Probably less pay, but often there are goo...
by donall
Thu Dec 19, 2019 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Capital gains on sale of inherited property
Replies: 24
Views: 1444

Re: Capital gains on sale of inherited property

Please find an accountant familiar with inheriting/selling rental property. They can make a huge difference. Make sure you can find all the receipts pertaining to the property from the date of death.
by donall
Sun Dec 15, 2019 10:01 pm
Forum: Personal Investments
Topic: TIAA to IRA
Replies: 6
Views: 456

Re: TIAA to IRA

Some of the schools have contracts with TIAA with accounts that have nice interest rates.
by donall
Sun Dec 01, 2019 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Why I love banks
Replies: 79
Views: 10362

Re: Why I love banks

Services from bricks and mortar were important especially years ago. But now it seems like there are more sources for these services. Professional organizations, lawyers, libraries, counties, churches, townships, cities, mutual fund companies often provide free notary services. Most mutual fund comp...
by donall
Sat Nov 30, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Ailing parent housing
Replies: 30
Views: 1996

Re: Ailing parent housing

It really sounds like your mom needs some in-house help or assisted living. Seniors will many times claim they are doing well, but in reality they are not. Focus your efforts on finding funding, services, and appropriate housing for your mom. Some great suggestions by others about researching VA ben...
by donall
Tue Nov 19, 2019 2:02 pm
Forum: Personal Consumer Issues
Topic: OMG My New House is SO Drafty!
Replies: 58
Views: 8544

Re: OMG My New House is SO Drafty!

OP, the chill you are feeling is the cold radiating from the cold outside walls in addition to the air leakage. That is why many older homes had/have hot water or steam systems. I would not add insulation to walls unless you work with a knowledgeable professional, meaning an expert on insulating his...
by donall
Sun Nov 17, 2019 5:28 pm
Forum: Personal Investments
Topic: Not retired at 71 [need SEP advice] update!
Replies: 22
Views: 2409

Re: Not retired at 71 [need SEP advice]

Well, I would recommend starting Social Security for self and possibly spouse. For investing, I would take the excellent advice offered on this blog and just invest in the three fund portfolio. I think you will do a great job investing your money and enjoy reading the recommended materials.
by donall
Sat Nov 16, 2019 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: A sad tale with a good ending ["Preferred" pharmacies vs "non-preferred"]
Replies: 45
Views: 4397

Re: A sad tale with a good ending ["Preferred" pharmacies vs "non-preferred"]

Yes also learned about Preferred Pharmacies the hard way years ago when buying drugs for a relative. Previously only knew about in or out of network categories.
by donall
Sun Nov 10, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Cashing EE bonds
Replies: 12
Views: 737

Re: Cashing EE bonds

Don't forget to deduct taxes. What does this mean? Gill My oldest bond is worth today $199.32, which is $149.32 gain from the time of its purchase (I paid $50). My assumption is that, if I cashed it today, a bank would give me $199.32 in cash and next year send me a 1099 form for $149.32 income. Pl...
by donall
Sun Nov 10, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 11493

Re: Seller's agent not letting us use a buyer's agent

An attorney should be able to provide guidance with this situation.