Search found 694 matches

by donall
Thu Jan 11, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct "Entity" Account
Replies: 3
Views: 338

Re: Treasury Direct "Entity" Account

Your trust is a separate entity. You and your wife can purchase using 4 accounts, so $40,000 for Ibonds and $40,000 for E-bonds.
by donall
Thu Jan 11, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 64
Views: 2068

Re: Trying to help acquaintence - medicare costs

I would be very careful with someone’s Medicare supplemental insurance. In most cases it is not possible to change insurance carriers without a medical review or pre-existing clauses that can increase the premium.
by donall
Wed Dec 27, 2017 3:32 am
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 3782

Re: Miata as second car

AlohaJoe wrote:
Tue Dec 26, 2017 11:22 pm
donall wrote:
Tue Dec 26, 2017 11:14 pm
It was a fair weather commuter car
I owned a Miata as my only car when I lived in Colorado. It is more than a "fair weather" car, IMHO. I drove it in several blizzards.
This car was babied second (and third) car. We would never drive in bad weather, nor expose to salt.
by donall
Tue Dec 26, 2017 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 3782

Re: Miata as second car

Fully support your decision to buy a Miata. We went looking for a new car and ended up with a used Miata and our sedan. The Miata was great and worth every penny. We owned it for many years and I don’t remember there being any issues out of normal maintenance. It was a fair weather commuter car, fun...
by donall
Tue Dec 26, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Should I preserve parents’ risky portfolio? Or “disobey” them?
Replies: 74
Views: 4868

Re: Should I preserve parents’ risky portfolio? Or “disobey” them?

With 3 million and a withdrawal rate of less than 1%, I’d say your parents are set. To honor your parents I don’t think you need to keep the portfolio the same but try to preserve and grow the portfolio. This seems like a legacy portfolio rather than a portfolio necessary for living expenses. Income...
by donall
Sun Dec 24, 2017 10:30 pm
Forum: Personal Consumer Issues
Topic: Diminished Value
Replies: 19
Views: 1987

Re: Diminished Value

Did you pay for the repair using a credit card? Does the card have supplemental insurance? If yes, this may be covered by credit card. Not your typical car rental, but worthwhile asking.
by donall
Sat Dec 23, 2017 10:00 am
Forum: Personal Consumer Issues
Topic: Income tax software, "Tax Slayer".
Replies: 16
Views: 1445

Re: Income tax software, "Tax Slayer".

Taxslayer was dreadful for state returns. I've noticed that there were a large number of changes or updates to Taxslayer, so I am hoping for the best this year. On the positive side, the telephone support was excellent last year and I hope that continues.
by donall
Thu Dec 14, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Help with ACA problem
Replies: 10
Views: 1315

Re: Help with ACA problem

When you sign up for ACA coverage for 2018 you may asked to send in documents from 2017 to verify projected income. Why not employ your daughter to help your family for the last weeks in 2017 if she cannot get a temporary job?
by donall
Wed Dec 06, 2017 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Was accidentally placed on Medicaid.
Replies: 16
Views: 1909

Re: Was accidentally placed on Medicaid.

If you were approved for Medicaid, then your income should have been verified no matter what amount you input. Medicaid uses monthly, not yearly income, so someone whose income varies may also be approved if the last two months have a lower amount than subsequent months. Income is often verified ann...
by donall
Sun Nov 26, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis: Can you get to the bottom of things?
Replies: 136
Views: 9432

Re: Analysis Paralysis: Can you get to the bottom of things?

I remember feeling the same way a while back. I actually bought individual stocks thinking I would try various strategies. I spent a year on the strategies and realized I needed to know the future to get the best results. I gave up as the time commitment was too high. Luckily I found this site as we...
by donall
Fri Nov 24, 2017 11:45 am
Forum: Personal Consumer Issues
Topic: Replace TVs with Smart Tvs or not?
Replies: 57
Views: 4528

Re: Replace TVs with Smart Tvs or not?

I'll join in with the majority and recomend a streaming device. Smart TVs still have too many bugs in them. Netflix or other apps are sometimes not available on the Smart TV, yet I can access them on my phone or other devices.
by donall
Thu Nov 23, 2017 10:21 am
Forum: Personal Consumer Issues
Topic: How difficult and expensive to add a new bathroom?
Replies: 34
Views: 2224

Re: How difficult and expensive to add a new bathroom?

The larger the addition the less cost per square foot. If you are adding only a bathroom, then price per square foot is very high. If you are adding a bathroom, perhaps you can also add more square footage to add to value of house.
by donall
Sun Oct 29, 2017 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Help Planning Mom's Finances after Dad Passed
Replies: 27
Views: 2544

Re: Help Planning Mom's Finances after Dad Passed

I'm sorry about the passing of your dad. It is good that you are looking into helping your mom. Health insurance is important to plan for and is the most pressing need. Your plan for the IRA is sound to reduce costs. Sometimes insurance companies have an option to leave the insurance money at the co...
by donall
Fri Oct 27, 2017 7:27 pm
Forum: Personal Consumer Issues
Topic: Birth Certificate/Name Issues
Replies: 20
Views: 1875

Re: Birth Certificate/Name Issues

Yes, my father in law ended up with the middle name of "None" as he dutifully filled out his forms. If like him, you were born outside of the US, the birth certificate does not seem to be an important piece of paper, if you have citizenship papers and a US passport. I doubt that many could even read...
by donall
Fri Oct 27, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Tax implications of reissuing Series EE bonds to a trust
Replies: 3
Views: 381

Re: Tax implications of reissuing Series EE bonds to a trust

Ah, an iteresting situation with E bonds, that double at a certain time with negligible interest in the intervening years. So even if she paid taxes on her E bonds each year, there will be a hefty amount of interest in the last year. The issue is the tax on the interest of 4 E bonds. Reissuing the b...
by donall
Mon Oct 23, 2017 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Dividing monies from Trust per the will
Replies: 21
Views: 1749

Re: Dividing monies from Trust per the willing

Trustees distribute funds in the trust according to trust document. The living trust becomes an irrevocable trust. Depending on trust document, trustee may sell real estate or divide it. Same with funds, stocks,CDs,bonds, where they may be sold and then cash is dispersed or divided. Funds can be tra...
by donall
Fri Oct 06, 2017 9:04 pm
Forum: Personal Consumer Issues
Topic: Selling burial plots in Alabama
Replies: 14
Views: 1284

Re: Selling burial plots in Alabama

In a local cemetery, inheritors sold plots through Craigslist. This particular cemetery no longer sold plots,so the plots sold for a good price. Since you have the deeds, check that the deeds match the cemetery's records. I would also have cemetery personnel check that the plots are really empty bot...
by donall
Tue Sep 12, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Brother in College Co-Signing w/ Buddy for Duplex
Replies: 41
Views: 3290

Re: Brother in College Co-Signing w/ Buddy for Duplex

Invest in yourself rather than a jenky situation that requires you to co-sign. There is no upside to co-signing. You are doing incredibly well for being a full time student.
by donall
Tue Sep 12, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: dementia, POA, credit freezes, and IRS tax return PIN - what am I getting into?
Replies: 36
Views: 3193

Re: dementia, POA, credit freezes, and IRS tax return PIN - what am I getting into?

I think that a number of things can be accomplished with the forms that allow one to share information with persons that are designated on the form. Medicare and insurance forms have these. Not sure about social security. If one is a POA it is important to also get online access so one can monitor, ...
by donall
Mon Sep 04, 2017 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Administration Question
Replies: 65
Views: 4779

Re: Estate Administration Question

In addition to expenses, there will be income. Social Security (depending on date of death), pensions, refunds, security deposits, refunds of insurance etc. Household items can also be sold as well as the car. The first priority is to pay burial expenses. Many people have monthly income checks (SS,...
by donall
Mon Sep 04, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Administration Question
Replies: 65
Views: 4779

Re: Estate Administration Question

In addition to expenses, there will be income. Social Security (depending on date of death), pensions, refunds, security deposits, refunds of insurance etc. Household items can also be sold as well as the car. The first priority is to pay burial expenses.
by donall
Mon Sep 04, 2017 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: LTCI Experience
Replies: 16
Views: 1879

Re: LTCI Experience

....when to start the claims process.... I don't have any experience with your mother's condition but I would recommend discussing her LTC options with her doctors. I'm sure they'll be familiar with assisted living/nursing home requirements and candid if they think her condition won't qualify for b...
by donall
Sun Sep 03, 2017 8:10 am
Forum: Personal Finance (Not Investing)
Topic: LTCI Experience
Replies: 16
Views: 1879

Re: LTCI Experience

First of all, I am sorry for your loss. Thank you for telling this story. It helpful to hear specific cases of how things turned out. Financially LTCI was not worth buying in this case. Having had the insurance was probably worth it even without it having paid off more than the premiums. Having ins...
by donall
Sat Sep 02, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: LTCI Experience
Replies: 16
Views: 1879

LTCI Experience

I am almost done with reimbursements from two LTCI policies that were utilized for end of life services for a relative. The relative was 90 and utilized LTCI for the last 5 months of life. She had two policies. Home care could be paid a total of about $180/day between the two policies, with higher c...
by donall
Mon Aug 28, 2017 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Trust tax questions after death
Replies: 16
Views: 1375

Re: Trust tax questions after death

Your father should apply for an EIN number for the trust if he has not done so already so that the 1041 can be filed using the trust EIN. Banks and other organizations would also need to have the EIN. I would recommend The Executor's Guide by Mary Randolph, a Nolo publication that is available from ...
by donall
Mon Aug 28, 2017 9:38 am
Forum: Personal Consumer Issues
Topic: Desperate to get rid of mosquitoes, what else could we try?
Replies: 62
Views: 4584

Re: Desperate to get rid of mosquitoes, what else could we try?

sport wrote:
Sat Aug 26, 2017 12:50 pm
Check the gutters on your house for blockage and standing water.
I second this.
by donall
Thu Aug 17, 2017 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: quick estate question
Replies: 56
Views: 3343

Re: quick estate question

I think this link to the secretary if state should answer your questions: http://www.cyberdriveillinois.com/departments/vehicles/title_and_registration/corrected_deceased.html It seems the small estate procedure is most appropriate for this situation if as indicated, the home is already in the child...
by donall
Sun Aug 06, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: What criteria warrants a need for Living Revocable Trust?
Replies: 39
Views: 3991

Re: What criteria warrants a need for Living Revocable Trust?

I'll add another reason to have a living revocable trust:
If you have a Treasury Direct account you can set up an account titled in the trust and designate an account manager. Account manager (such as successor trustee) can redeem or transfer bonds, etc. electronically before and after death.
by donall
Tue Jul 11, 2017 10:29 am
Forum: Personal Consumer Issues
Topic: What to wear for job interview - skip the tie?
Replies: 53
Views: 4989

Re: What to wear for job interview - skip the tie?

Wear the tie. As a person hiring, I still remember the person who wore shorts to an interview, and not favorably. One of my colleagues looks at more, such as nails and hair. I should add that my colleague doesn't care what the person looks like while on the job, but feels appearance such as a manicu...
by donall
Sat Jul 08, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 159
Views: 12937

Re: Long term care insurance - is it worth it?

From the economic: Maybe, but impossible to predict. In our case the LTCI paid out about 50% of amount paid for premiums, so not in our case.
From the psychological aspect: Yes, it was very comforting to know that money was not an issue during the last year.
by donall
Wed Jun 28, 2017 6:30 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 15165

Re: How did you handle the costs of your child's wedding?

Gave bride and groom a fixed amount. Money went to pay bride's student loans and a sweet intimate wedding planned by bride and groom.
by donall
Wed Jun 28, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance Questions
Replies: 22
Views: 3547

Re: Inheritance Questions

If you have a trust then no need for probate. But often without probate the time limit for claims againt the trust can be made up to two years later (state dependent). But this may not be a reason to wait two years to distribute a trust.
by donall
Sun Apr 30, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrela Insurance is it worth?
Replies: 21
Views: 2651

Re: Umbrela Insurance is it worth?

Yes, I ran into this with a relative when they no longer had a car and did not drive. I just increased the homeowner's and rental building insurance limits. The amounts were reasonable for the extra liability insurance in comparison to an umbrella insurance for a 90 year old driver. The only problem...
by donall
Sat Apr 22, 2017 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: TLH question please. Doing my taxes.
Replies: 10
Views: 1106

Re: TLH question please. Doing my taxes.

When you do next year's return you should import this year's return. The carry-over loss should be part of the imported information if using Turbo Tax.
by donall
Thu Apr 20, 2017 1:13 pm
Forum: Personal Consumer Issues
Topic: What To Do With My Car While in NYC
Replies: 32
Views: 3457

Re: What To Do With My Car While in NYC

Sell the car. You will save car insurance costs for one year that may offset selling/buying costs. You should have enough money for a nice downpayment in a year for a new car.
by donall
Thu Apr 20, 2017 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Bill received after Estate is closed
Replies: 57
Views: 6842

Re: Bill received after Estate is closed

This attorney has worked for you for decades and also did pro bono work for you. Not sure why you would not just pay the bill and keep a decade-long relationship.
by donall
Thu Apr 20, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: I will pay off mortgage at 40. What next?
Replies: 22
Views: 3151

Re: I will pay off mortgage at 40. What next?

Wow, your wife takes care of 4 young kids, works part-time, and goes to school? Buy her a new car, take vacations for two, and double the date nights. I hope you have lots of life and disability insurance. Start a 529 account, as one or more of your children will use it.
by donall
Thu Apr 20, 2017 1:40 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 45161

Re: Larry Swedroe says "Goodby."

Thank you for sharing your knowledge and wisdom. Best wishes in retirement and family.
by donall
Tue Apr 11, 2017 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Overpayment
Replies: 3
Views: 680

Re: IRS Overpayment

I've applied a refund to next year's taxes and never received an acknowledgement other than the standard acceptance message when filing.
by donall
Wed Apr 05, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: How to get out of whole life policy?
Replies: 13
Views: 1343

Re: How to get out of whole life policy?

This is probably where I would email and postal mail my letter indicating cancellation. I would first get term finalized. If no money is refunded due to early cancellation, I would wait until the whole life anniversary to cancel. I would also check the policy to see if there has to be notification t...
by donall
Mon Apr 03, 2017 9:48 pm
Forum: Investing - Theory, News & General
Topic: [Long-term Care Penn Treaty insurance to liquidate]
Replies: 13
Views: 2179

Re: [Long-term Care Penn Treaty insurance to liquidate]

We activated Penn Treaty long term care for my relative in January. We received reimbursement for submitted allowable expenses from Penn Treaty about two weeks later. Everyone was polite and helpful. I'll update if anything changes.
by donall
Sun Apr 02, 2017 7:51 pm
Forum: Personal Consumer Issues
Topic: Advice on Long-term Health Care Insurance
Replies: 15
Views: 1921

Re: Advice on Long-term Health Care Insurance

Be absolutely sure you have an advocate and two alternate advocates. It would be very difficult to work with long term care insurance yourself when the time comes. I would also make sure you do not exceed the guaranty limitations of your state. From my point of view, it is best to self insure it at ...
by donall
Tue Mar 28, 2017 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 6353

Re: Daughter maxed out credit cards, needs help from me

OP you have a good plan. We implemented a similar plan for one of our own. It has worked well the last two years. The best part was the financial education that happened as a result.
by donall
Fri Mar 17, 2017 10:45 pm
Forum: Personal Consumer Issues
Topic: Shingle concerns with relatively new build *updated 4/14
Replies: 22
Views: 2771

Re: Shingle concerns with relatively new build *updated 3/17 in the bottom of original post

You could also have poor quality nails. We had to have our roofer redo part of the roof because the nails were not galvanized.
by donall
Mon Mar 06, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Need help picking term life policy (updated 04/10)
Replies: 33
Views: 2555

Re: Need help picking term life policy

You might find it difficult and more expensive to find insurance for your wife before the birth of the child.
by donall
Sun Feb 19, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth filing an amended tax return?
Replies: 18
Views: 1932

Re: Is it worth filing an amended tax return?

Filing a 1040X is easy and should not take more than 1/2 hour. So is it worth $36?
by donall
Thu Feb 16, 2017 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to set up small account for incidentals after Mom passes away?
Replies: 19
Views: 1979

Re: Best way to set up small account for incidentals after Mom passes away?

Why not prepay funeral costs? Medicaid also allows funds set aside for burial or purchase of a grave.
by donall
Sun Jan 29, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Parents as dependents on tax return
Replies: 54
Views: 3624

Re: Parents as dependents on tax return

Yurausa, if you submitted an ACA (affordable care act) application online for your parents you should already know the results. Because their income will be 0 in 2017 they would be only be eligible for Medicaid if you do not list them as dependents, they have been in the US five years or more, and y...