Search found 788 matches

by donall
Sat Sep 15, 2018 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Service Date for Vesting - Teacher
Replies: 12
Views: 821

Re: Service Date for Vesting - Teacher

I would check with the retirement system to determine what is a credible year for a teacher. Often a credible year is a school year or end of the fiscal year.
by donall
Fri Sep 14, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Critical Account
Replies: 20
Views: 2414

Re: Critical Account

Just have a joint checking account with wife. Make sure that you also have beneficiaries on that account.
by donall
Mon Sep 03, 2018 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for an 87-year-old?
Replies: 36
Views: 2114

Re: Advice for an 87-year-old?

Ten years ago I assisted a relative in setting up a CD ladder at Schwab. It provided monthly income as checks and a physical presence (online banking was not understandable). This was the best solution for the 80 year old, as money was never lost and the monthly checks provided money for wants. Toda...
by donall
Mon Sep 03, 2018 6:02 pm
Forum: Personal Consumer Issues
Topic: F2 Tornado just slammed our area - Any way to recover expenses?
Replies: 18
Views: 1489

Re: F2 Tornado just slammed our area - Any way to recover expenses?

Lightning hit one of our old oaks in the back yard. Insurance (State Farm) paid for tree removal.
by donall
Sat Sep 01, 2018 7:45 am
Forum: Investing - Help with Personal Investments
Topic: Will I ever sell Ibonds from 2001 - 3% fixed
Replies: 78
Views: 4935

Re: Will I ever sell Ibonds from 2001 - 3% fixed

- iBonds are tax free while you hold them, - at redemption time, you pay federal taxes on the growth, but not state taxes. This makes me wonder if it would be a good idea to pass I Bonds on as an inheritance(as mentioned above) particularly to a youth, since they will have no taxes, or a low tax br...
by donall
Sat Sep 01, 2018 7:01 am
Forum: Investing - Help with Personal Investments
Topic: Advice for my son - 20 years old with a spare $10K
Replies: 13
Views: 1321

Re: Advice for my son - 20 years old with a spare $10K

Wow, pretty impressive financial situation for a 20 year old. Would echo what others have said that Roth IRA should be maxed first and be invested in an index stock fund. Although not recommended, Roth contributions can be withdrawn without penalty (though I would not do this is fund has lost value)...
by donall
Thu Aug 30, 2018 3:00 pm
Forum: Personal Consumer Issues
Topic: Health Insurance Terminated, Can't Reinstate
Replies: 11
Views: 1917

Re: Health Insurance Terminated, Can't Reinstate

please read this explanation:
https://www.healthcare.gov/apply-and-en ... ce-period/
Good luck. Reinstating health insurance is not easy.
by donall
Tue Aug 28, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 59
Views: 4504

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 estate...
by donall
Wed Aug 22, 2018 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance—Advice Requested
Replies: 63
Views: 6831

Re: Inheritance—Advice Requested

I am a fan of the smoothing concept. From what I see, it seems that at 70 your income will triple. Why not in addition to planning for retirement you also build in higher income before 70? Things change rapidly when over 50.
by donall
Mon Aug 20, 2018 1:38 pm
Forum: Personal Consumer Issues
Topic: Composite Decking Material
Replies: 41
Views: 3272

Re: Composite Decking Material

IPE is often used in commercial construction. Some contractors do not like to use the composite materials.
by donall
Mon Aug 13, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: First time ACA coverage with question
Replies: 21
Views: 1893

Re: First time ACA coverage with question

When the student gets their own insurance from a job, you will notify the Marketpkace about the change and get a new premium. The student is not on your taxes as dependent and so their income will not be part of the family income. ACA follows tax status. I’m adding that student can be part of house...
by donall
Sun Aug 12, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to have “what if” discussion with retired parents?
Replies: 48
Views: 4626

Re: How to have “what if” discussion with retired parents?

Hard to change family dynamics. I’ve been in this situation. It took almost 9 years of incremental changes to get a supporting situation. I started the conversation asking what the parent’s investment goals were. It turned out there were no goals other than to get a monthly check. Luckily my parent ...
by donall
Sun Aug 12, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: First time ACA coverage with question
Replies: 21
Views: 1893

Re: First time ACA coverage with question

When the student gets their own insurance from a job, you will notify the Marketpkace about the change and get a new premium. The student is not on your taxes as dependent and so their income will not be part of the family income. ACA follows tax status. I’m adding that student can be part of househ...
by donall
Sun Aug 12, 2018 11:45 am
Forum: Personal Consumer Issues
Topic: LTCi Underwriting Home Interview
Replies: 5
Views: 640

Re: LTCi Underwriting Home Interview

Have someone with you during the exam that can keep you calm.
by donall
Sun Aug 12, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: First time ACA coverage with question
Replies: 21
Views: 1893

Re: First time ACA coverage with question

Taxes will be predictable as student will not be a dependent. With a decrease in family size, the subsidy will decrease. As for ACA insurance cost and premium tax credit, cost and credit will be prorated through forms 1095-A and 8962. You can look up the difference in monthly premiums/subsidy with a...
by donall
Fri Aug 10, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 59
Views: 4504

Re: Post Mortem Settlement

OP, great job on helping your wife during a difficult time.
I’m adding to this by suggesting you get one last credit report then write the three agencies of your MIL’s passing.
by donall
Thu Aug 09, 2018 1:34 pm
Forum: Personal Consumer Issues
Topic: Moving soon; whom to hire to help me move?
Replies: 27
Views: 2422

Re: Moving soon; whom to hire to help me move?

If you are in your 20s you can probably find enough friends to help you move. You will need to provide plenty of beverages and be on call for your friends’ moves. Of course your apartment is probably not fully furnished since you got a lot of the furnishings from the prior tenant or Craigslist. If y...
by donall
Mon Aug 06, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Help! Death of Grandfather - creating to do list for Grandmther
Replies: 23
Views: 1787

Re: Help! Death of Grandfather - creating to do list for Grandmther

Your grandmother is lucky to have your help. It is so much easier if there is someone there for support. - if an obituary is published, try to make it as vague as possible and do not include last names of children or any previous names. Concentrate on the person’s accomplishments and social aspects....
by donall
Fri Aug 03, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Home is *just* outside flood zone - how much flood insurance do I buy?
Replies: 50
Views: 3033

Re: Home is *just* outside flood zone - how much flood insurance do I buy?

Make sure you understand your coverage. Flood insurance does not cover basement improvements such as drywall, flooring etc. Thanks. This confuses me a little bit because I can't tell from the documentation whether drywall in *basements* is covered or not...see pg. 3: https://www.wrightflood.net/sta...
by donall
Fri Aug 03, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Home is *just* outside flood zone - how much flood insurance do I buy?
Replies: 50
Views: 3033

Re: Home is *just* outside flood zone - how much flood insurance do I buy?

Please use the following link to determine what is covered by flood insurance https://www.fema.gov/faq-details/Flood-Insurance-Coverage-for-Basement-Contents I don’t think that finishes such as drywall, flooring, etc. are covered in basements. I researched this for a unit that was half below ground ...
by donall
Thu Aug 02, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7025

Re: DW job in dangerous area

OP, will your wife work in a high school or K-8? Schools are often the safest place in a neighborhood. Your wife will be surrounded by other school personnel that includes security guards. High schools are inherently less safe than grade schools but often have more security guards, police, social wo...
by donall
Mon Jul 23, 2018 8:00 pm
Forum: Personal Consumer Issues
Topic: I want to sell my home, but I don't want to fix it up
Replies: 65
Views: 6406

Re: I want to sell my home, but I don't want to fix it up

Many realtors know and have experience with local contractors. Use the realtors as a resource, as realtors can often recommend someone who can complete a job in a timely manner.
by donall
Mon Jul 23, 2018 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone sell their car to Carmax or webuyanycar.com?
Replies: 34
Views: 3671

Re: Anyone sell their car to Carmax or webuyanycar.com?

We like to use Carmax for fairly new cars that still have a warranty. Easy and fast service. For older cars that are worth less than $10,000, selling privately works well and nets a higher price. We have often sold the older cars to parents buying cars for their teens.
by donall
Mon Jul 23, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Please - Need Help With Pension Plan Options
Replies: 16
Views: 1108

Re: Please - Need Help With Pension Plan Options

Personally I would go with option 3. You can think of it as paying $3800 per year for peace of mind for DW in case of your death. Otherwise you look set for anything with your assets.
by donall
Mon Jul 23, 2018 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Buy house for retired mother?
Replies: 72
Views: 5054

Re: Buy house for retired mother?

OP, I think the plan is simple and if your mother is fine with it go ahead. Your plan demonstrates great sensitivity to an elder’s independence. With your income level and assets, you may be losing the opportunity costs of $300,000, which is a small price to pay for securing your mom’s retirement. I...
by donall
Wed Jul 18, 2018 12:55 pm
Forum: Investing - Theory, News & General
Topic: Broker CD - Death of Holder
Replies: 1
Views: 316

Re: Broker CD - Death of Holder

Not sure what a conditional put is. But with a death put on brokered CDs can get face value if CD has lost value. This works for CDs held as individuals or in trust. If CD has increased in value then just sell for higher price.
by donall
Wed Jul 18, 2018 8:31 am
Forum: Personal Consumer Issues
Topic: Question about new construction basement houses
Replies: 19
Views: 1473

Re: Question about new construction basement houses

In addition to all the great advice from postings it is very cost effective to install drain tile both inside and outside basement walls if you are building a house.
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: 2729

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: 1053

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: 665

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: 362
Views: 17644

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: 27
Views: 2049

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: 3145

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: 2517

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: 7288

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: 1593

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: 1733

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: 4250

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: 901

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: 74
Views: 5745

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: 1140

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: 878

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: 2020

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: 1621

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: 6801

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: 2409

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: 2167

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: 761

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: 1823

Re: Is FBAR filing complicated?

It is easy to report on foreign accounts online.