Search found 154 matches

by gtg970g
Mon Nov 09, 2020 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Helping the un-helpable
Replies: 19
Views: 1561

Re: Helping the un-helpable

Your story is very similar to my own. Like others have said you cannot force someone to change and at this point change is unlikely. Probably the best you can do is encourage him be honest about his mental health and financial situation with professionals who can help. The best psychiatrist and fina...
by gtg970g
Tue Sep 01, 2020 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Considering whether to maintain term life insurance when financial need has lessened
Replies: 36
Views: 2075

Re: Considering whether to maintain term life insurance when financial need has lessened

The point is, he can't buy such an attractively priced policy now. Level premiums require that the policy has a low expected payoff initially. At the end of the term, the premiums give you a large expected payoff as your risk of dying increases each year. I think my policy was 3x expected value in ...
by gtg970g
Thu Jun 25, 2020 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Apartment Rental Guidance for Son
Replies: 12
Views: 835

Re: Apartment Rental Guidance for Son

Just a datapoint. I'm in a VHCOL area and the process usually takes one day. Yes, they do go through background and credit checks but it's usually done by third-party. The fact that it took your son two weeks is honestly very suspicious (It almost feels that they are waiting for *you* to pull back)...
by gtg970g
Thu Jun 11, 2020 11:05 am
Forum: Personal Finance (Not Investing)
Topic: High deductible Plan G medigap
Replies: 74
Views: 3961

Re: Change from Plan F HD - Plan G HD without medical underwriting

I have a question about Plan F -> Plan G and Plan F high deductible -> Plan G high deductible and medical underwriting in 2020. There were discussions last year about the 2015 MACRA prohibition on new enrollees with eligibility beginning 1/1/20 being sold Plan C, Plan F and Plan F high deductible. ...
by gtg970g
Mon Jun 08, 2020 10:58 am
Forum: Personal Consumer Issues
Topic: Pay for Child Care to Avoid Family Drama?
Replies: 14
Views: 1073

Re: Pay for Child Care to Avoid Family Drama?

We are in a very similar situation thought our parenting styles do not vary drastically between my wife & I and her parents. The primary issue is that my father in-law has zero boundaries and constantly excuses it because "he is a grandparent, not the parent". By zero boundaries I mean...
by gtg970g
Tue Jun 02, 2020 12:09 pm
Forum: Personal Investments
Topic: Home Mortgage Loans -- Larger amount, better interest rate?
Replies: 4
Views: 399

Re: Home Mortgage Loans -- Larger amount, better interest rate?

I'm finding the same thing with a refinance. Significantly better rates if I borrow 200k (155k outstanding loan) even if I have to do a cash out refi.
by gtg970g
Tue Jun 02, 2020 9:37 am
Forum: Personal Consumer Issues
Topic: Anyone booking flights for 2021 travel?
Replies: 68
Views: 5599

Re: Anyone booking flights for 2021 travel?

Delta is offering a very generous change policy for all flights purchased through June 30. You can change your flight for any reason up to a year after the original booking even with the lowest cost fare. On top of this flights are currently very cheap. I have a flight in September booked but if the...
by gtg970g
Tue Jun 02, 2020 8:29 am
Forum: Personal Finance (Not Investing)
Topic: paper tax returns
Replies: 17
Views: 1420

Re: paper tax returns

There are many people who have no choice: https://www.creditkarma.com/tax/i/paper-file-tax-return/ In addition, paper filing state tax often saves the state e filing fee by tax software. I would add individuals filing taxes for a trust or estate (form 1041) to the list of folks who need to file a p...
by gtg970g
Tue Jun 02, 2020 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Reputable Term Life Insurance Broker
Replies: 17
Views: 1144

Re: Reputable Term Life Insurance Broker

In addition to concern with data security I would add that the agent does have the opportunity to add value. Good agents will know the underwriting limits for different companies so they can place you with the cheapest carrier for your health status. I'm not sure how to vet an agents knowledge but t...
by gtg970g
Sat May 23, 2020 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8074
Views: 563521

Re: Refinance Mega Thread

Need some tips/guidance here please: I am on a 30 year fixed at 3.5%. Loan dates back to 2012. Was a refinance on the original loan from 2010. So I "lost" 2 years. But it was well worth it! Balance is around $130K. Home value is around $350K. Excellent credit score. AZ based. Goals: I don...
by gtg970g
Sat May 16, 2020 3:28 pm
Forum: Personal Consumer Issues
Topic: How do you protect your kids while their online?
Replies: 7
Views: 611

Re: How do you protect your kids while their online?

I'm a big Android guy but the best content filter is the parental control included on apple devices. Others such as windows and Android doesn't come close or don't work including DNS and 3Rd party apps. We have one ipad in our family and cannot find a good way to restrict content for a single user....
by gtg970g
Sat May 16, 2020 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: How did you set up your trust distributions?
Replies: 39
Views: 2786

Re: How did you set up your trust distributions?

Our trust will remain pooled (a single trust for multiple beneficiaries) until the youngest hits age 25. At that point the single trust splits into a separate trust for each individual kid. The separate trusts will distribute half at age 27 and half at age 30 (I believe). The trust remains pooled so...
by gtg970g
Sat May 16, 2020 11:24 am
Forum: Personal Consumer Issues
Topic: Password vault or generator?
Replies: 110
Views: 7231

Re: Password vault or generator?

What happens if you forget your master password (I know, I know, but I'm getting older and older ......). I store my master password with my will and those who need to know know where to find it. My wife of course knows how to access and use LastPass but this would be more of an issue should we pas...
by gtg970g
Sat May 16, 2020 11:19 am
Forum: Personal Consumer Issues
Topic: Password vault or generator?
Replies: 110
Views: 7231

Re: Password vault or generator?

If one uses LastPass or another PW manager, and has unique, very long, complicated passwords for >200 sites, is it necessary to change the passwords ever, and if so, at what frequency? It's only necessary to change a password when a site requires it. Research shows that changing passwords on a regu...
by gtg970g
Mon Mar 09, 2020 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Last-to-die life insurance?
Replies: 11
Views: 766

Re: Last-to-die life insurance?

Make sure you are using a second to die term to age 100 policy, most cost efficient. I am an insurance broker for 40 years and bought one for similar reasons. Wouldn't this policy terminate at age 100? There is a reasonable chance that one member of the couple would survive to 100. Is the rationale...
by gtg970g
Fri Mar 06, 2020 3:09 pm
Forum: Investing - Theory, News & General
Topic: Insurance Insolvency from Coronavirus
Replies: 18
Views: 1678

Re: Insurance Insolvency from Coronavirus

Likely not to happen as the best way to reduce the incidence of the flu is by getting the vaccine. Too many conspiracy theorists out there who think using "natural" balms will prevent the flu. I was thinking more along the lines of hand washing and staying home when sick (self quarantine)...
by gtg970g
Fri Mar 06, 2020 2:22 pm
Forum: Investing - Theory, News & General
Topic: Insurance Insolvency from Coronavirus
Replies: 18
Views: 1678

Re: Insurance Insolvency from Coronavirus

I would not be surprised to see flu incidence decrease (relative to expected incidence rate) as a result of the awareness the Coronavirus has brought to hygiene and prevention. Like others have said the worst exposure is going to be commercial disruption.
by gtg970g
Mon Feb 10, 2020 12:29 pm
Forum: Personal Consumer Issues
Topic: New Grad with fashion design degree looking for job in that field
Replies: 99
Views: 4065

Re: New Grad with fashion design degree looking for job in that field

Would she consider costume design for theater or film? The film industry here in Atlanta is huge and it is much more affordable than living in LA or NYC. While perusing a full time fashion career I believe working in an adjacent field could be helpful. Costumers have to source their materials from s...
by gtg970g
Tue Feb 04, 2020 4:34 pm
Forum: Personal Consumer Issues
Topic: NYC w/ 10 month old and no stroller or car seat. Doable?
Replies: 39
Views: 2540

Re: NYC w/ 10 month old and no stroller or car seat. Doable?

I agree with the suggestion to use something like the Ergo Carrier. The Baby Bjorn is not as comfortable for the baby or parent when worn for a significant duration.
by gtg970g
Thu Jan 16, 2020 11:39 am
Forum: Personal Consumer Issues
Topic: AAU basketball, college scholarships and career options/choices
Replies: 59
Views: 2678

Re: AAU basketball, college scholarships and career options/choices

I have not read all responses so perhaps this has already been mentioned. One benefit of being a college athlete even at a school that does "not offer scholarships" is that it can help you with admissions and financial aid. I had a coworker who was a track coach for a school that did not o...
by gtg970g
Fri Jan 10, 2020 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: House Hunting with Family Pressure
Replies: 42
Views: 3110

Re: House Hunting with Family Pressure

If a kid will fit in your condo I would second the idea of waiting to move. Your kid won't be in public school until age 4 or 5 so that gives you some time to feel out where you may want to move. We live half a mile from my wife's parents and 2 miles from my mom and it has been great for us but I re...
by gtg970g
Tue Jan 07, 2020 2:59 pm
Forum: Personal Investments
Topic: Harvest capital gains to invest in Roth IRA?
Replies: 8
Views: 593

Re: Harvest capital gains to invest in Roth IRA?

We alternate years taking capital gains/losses if possible. Our gains are taxed at 15% while losses reduce ordinary income which is taxed at 24% for us. If you have a capital loss it could be worth taking in 2021 if you are still working.
by gtg970g
Thu Jan 02, 2020 11:51 am
Forum: Personal Consumer Issues
Topic: Thinking to switch to dealership for repairs, make sense?
Replies: 10
Views: 782

Re: Thinking to switch to dealership for repairs, make sense?

Like others have stated the largest factor for us when choosing a mechanic is trust. Dealers will frequently recommend unnecessary maintenance items to boost their bottom line. Our mechanic will only fix what needs to be fixed and let us know when he sees something that may need to be fixed in the n...
by gtg970g
Fri Dec 20, 2019 11:39 am
Forum: Personal Consumer Issues
Topic: Millionaire Teacher - Andrew Hallam
Replies: 70
Views: 10990

Re: Millionaire Teacher - Andrew Hallam

Ed Mills practices something called "geographic arbitrage." All Georgia teachers get paid the same. Instead of living in expensive Atlanta, GA, he chose to live in one of the cheapest areas of the state. He also made sure he got the appropriate degrees to maximize his salary. Not all teac...
by gtg970g
Fri Nov 15, 2019 9:23 am
Forum: Personal Consumer Issues
Topic: Right click to re-open closed tab/window not working ?
Replies: 11
Views: 1049

Re: Right click to re-open closed tab/window not working ?

The most recent Chrome update eliminated some menu options when you right click on your tab. The keyboard shortcut for reopening a closed tab is ctrl+shift+t. I miss the close all other tabs menu option and don't think there is a keyboard shortcut for this function.
by gtg970g
Mon Nov 11, 2019 9:18 am
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 12569

Re: Saving seats on Southwest

This is an age-old debate among frequent travelers. People can save seats on WN, which you should view as more of a strong request. You can override them and sit there anyway. You can then save the middle beside you by crumpling up some tissues and putting them on your tray table, coughing, and avo...
by gtg970g
Wed Oct 30, 2019 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 14382

Re: Apple Pay. Does anyone use it?

Do credit card processors get all the necessary information to properly assign CC rewards when the consumer uses Apple Wallet? I've always been under the impression that this information was not passed through so there was a chance the consumer would loose out on some CC rewards for categories rewar...
by gtg970g
Tue Oct 29, 2019 2:50 pm
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 10681

Re: How much do you plan to spend on your children's weddings?

This is coming from someone who is planning a wedding. When you say that you are upper middle class, it seems you have this idea that you need to spend a certain amount. I wonder if you've asked your sons and their partners what it is that they want. This. And respect their answer. My wife and I wo...
by gtg970g
Mon Aug 05, 2019 9:24 am
Forum: Investing - Theory, News & General
Topic: The Super rich are selling stocks...
Replies: 13
Views: 3724

Re: The Super rich are selling stocks...

Jack FFR1846 wrote: Mon Aug 05, 2019 8:19 am ....because real estate never drops, right?
My first thought as well.
by gtg970g
Mon Jul 08, 2019 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce and pension/401k/IRA split
Replies: 31
Views: 3112

Re: Divorce and pension/401k/IRA split

In addition to the great information already provided keep in mind that your social security benefits could be reduced if you are also eligible for a retirement pension. The details matter but you should research whether this would be the case should you collect a portion of your soon to be ex wife'...
by gtg970g
Mon Jul 01, 2019 12:56 pm
Forum: Personal Consumer Issues
Topic: Frontier or Spirit Airlines
Replies: 63
Views: 9886

Re: Frontier or Spirit Airlines

We fly Frontier on a regular basis to visit family in the bay area. It is MUCH cheaper than the legacy carriers even with fees added. We understand the risk of flight cancellations but it is worth the risk for us since at worst we would be stuck with family (or at home) a few extra days (we only tak...
by gtg970g
Fri Jun 28, 2019 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: A will and someone on disability
Replies: 12
Views: 1242

Re: A will and someone on disability

If he is on SSI, then there is a possibility that providing a rent free place to live could cause a reduction in his benefits. SSI is needs based and so you have to be very careful to stay within the rules of the program. If he is on SSDI, none of this would matter as SSDI is based on prior work re...
by gtg970g
Wed Jun 26, 2019 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Tax planning for NJ - transferring assets from parents to children
Replies: 16
Views: 1184

Re: Tax planning for NJ - transferring assets from parents to children

Seems like it could be ideal for your parents to sell the real estate and pay tax on any gains & depreciation recapture while they are in a low tax bracket. This could temporarily kick them out of medicaid but then they could invest the proceeds in a few tax efficient index funds and re-qualify ...
by gtg970g
Tue Jun 18, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: SNT (special needs trust) vs. Periodically funding ABLE with another source (regular trust? 529?)
Replies: 17
Views: 1042

Re: SNT (special needs trust) vs. Periodically funding ABLE with another source (regular trust? 529?)

I'm interested in the replies of others as we have a 4 y/o with significant delays who will be in our care for the duration of his life. In a hypothetically perfect world where your other child would fulfill your wishes perfectly I suppose there would be no need for a SNT. Unfortunately there is no ...
by gtg970g
Tue Jun 04, 2019 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Paying half of my paycheck on health insurance?
Replies: 63
Views: 5262

Re: Paying half of my paycheck on health insurance?

If you are healthy you may want to check into getting a short term medical policy. These policies do not meet ACA minimum requirements and can only cover you for < 1 year but they could meet your needs if you only need catastrophic care. You may be eligible for ACA subsidies if your coverage through...
by gtg970g
Fri May 31, 2019 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Working for the Airlines - Value of Free Travel
Replies: 62
Views: 5859

Re: Working for the Airlines - Value of Free Travel

The value of this for family travel seems pretty low. For a single traveler it could be quite valuable. I had a friend working at Delta who went to work every Friday two carry-on bags packed, one for cold weather and one for warm.
by gtg970g
Wed May 22, 2019 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Remind me why we have Medicare supplement
Replies: 26
Views: 4681

Re: Remind me why we have Medicare supplement

A friend of mine had a heart surgery a few years ago. The total bill came out over $1.3 MM (million). Calculation: 20% of $1.3 MM = $260K. It’s 20% of the Medicare allowable, not 20% of inflated charges. Still, a lot of money. Also the 20% copay is only on the doctor's portion of the bill. Hospital...
by gtg970g
Mon Apr 22, 2019 2:50 pm
Forum: Personal Consumer Issues
Topic: Best pillow under $50?
Replies: 33
Views: 3061

Re: Best pillow under $50?

We have used the same 2 latex pillows for 7+ years now but don't recall the brand or cost. We travel with them and I cannot go back to a typical pillow.
by gtg970g
Wed Apr 17, 2019 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Can I semi-retire now?
Replies: 138
Views: 14576

Re: Can I semi-retire now?

People openly discuss how they purposely lower their taxable income to get free healthcare. Good point about ACA. I've looked into whether I could qualify. No luck so far. But ACA is not a zero sum game. Parents who game the college financial aid process are in a very real sense shifting aid from d...
by gtg970g
Mon Apr 15, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Help needed thinking through issues re: child’s disability
Replies: 22
Views: 2143

Re: Help needed thinking through issues re: child’s disability

You may want to double check the treatment of traditional 529 plans when it comes to assets counted towards medicaid. It is my understanding that these assets do not count since the child is the beneficiary, not the owner. Also, as you state the first 100k in an Able 529 do not count against Medicai...
by gtg970g
Mon Apr 08, 2019 11:09 am
Forum: Personal Consumer Issues
Topic: Solution for a thick wallet
Replies: 58
Views: 6461

Re: Solution for a thick wallet

I have a pocket attached to my cell phone case where I carry ID, credit card x2, and Costco card. Everything else I need is available digitally.
by gtg970g
Fri Apr 05, 2019 10:32 am
Forum: Personal Consumer Issues
Topic: Family flying - picking seats at booking
Replies: 75
Views: 5721

Re: Family flying - picking seats at booking

Major carriers charging for seats actually makes the discount (Frontier, Spirit) carriers that much more attractive to me. We have never had an issue being seated together on Frontier even with a group of 6 because so many of the passengers are flying with family and not requesting single aisle/wind...
by gtg970g
Wed Apr 03, 2019 7:32 am
Forum: Personal Finance (Not Investing)
Topic: "Stop Asking Kids What They Want to Be When They Grow Up"
Replies: 25
Views: 2085

Re: "Stop Asking Kids What They Want to Be When They Grow Up"

I like the joke that adults ask kids this question because the adults are looking for ideas for themselves. I don't think anything is inherently wrong with the question and it's a relevant topic to ponder as a kid is working towards moving into the workforce. I like to ask my 6 y/o son what his favo...
by gtg970g
Mon Apr 01, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: Family flying - picking seats at booking
Replies: 75
Views: 5721

Re: Family flying - picking seats at booking

Southwest is great unless you have a tight connection. For your second leg you would likely be boarding after the majority of the plane has already boarded and you will be forced to ask people to swap seats. We never select seats on Frontier and have always been seated together (group of 4-6) althou...
by gtg970g
Fri Mar 29, 2019 12:23 pm
Forum: Personal Consumer Issues
Topic: Best car seat for air travel
Replies: 30
Views: 1869

Re: Best car seat for air travel

We use our Diono Radian on trips as well as at home. It weighs a ton but we roll it on top of a roller bag and it's not an issue. We don't use it on the plane so it's checked through to our destination which is free on all airlines. Diono make a bag it fits in that has shoulder straps for carrying b...
by gtg970g
Thu Mar 28, 2019 10:40 am
Forum: Personal Consumer Issues
Topic: Why are used cars now so expensive?
Replies: 63
Views: 6290

Re: Why are used cars now so expensive?

This could be specific to the type of car you are looking to buy. 2-3 year old used sedans seem to be a decent deal. I just picked up a 2017 yesterday for about 40% less than the new model. The 2017 has all the safety feature of the current model with no recent redesign.
by gtg970g
Thu Mar 28, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Those of You Having Medigap Plan F More than 5 Years
Replies: 49
Views: 4200

Re: Those of You Having Medigap Plan F More than 5 Years

Sounds like you have an insurance background (?) Do you have an opinion on giving any weight to choosing non-profit (the "Blues") over traditional insurers for Medicare? Any long-range potential for lower premiums? Or is that idea just a thing of the past, given that our health care syste...
by gtg970g
Wed Mar 27, 2019 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Those of You Having Medigap Plan F More than 5 Years
Replies: 49
Views: 4200

Re: Those of You Having Medigap Plan F More than 5 Years

Specifically, can the company use only the specific loss ratio for a Plan when setting rates? Or, say, a big company that offers maybe 6 or 7 of the various plans, can they just lump together the loss ratios for all Plans, then say, okay, we will spread this over all Plans in calculating the annual...
by gtg970g
Mon Mar 25, 2019 10:06 am
Forum: Personal Consumer Issues
Topic: Nice men's jeans
Replies: 53
Views: 5246

Re: Nice men's jeans

KlingKlang wrote: Mon Mar 25, 2019 9:55 am I purchased my last two pairs of jeans (regular fit and fleece lined) at Costco for under $20 each and I haven't been thrown out of a restaurant yet.
My Costco only carries even number waist sizes and unfortunately I fall between two of the sizes.
by gtg970g
Mon Mar 18, 2019 11:30 am
Forum: Personal Consumer Issues
Topic: Age for starting kindergarten
Replies: 61
Views: 4513

Re: Age for starting kindergarten

I’m not sure if you’re talking about advancing in one subject a student who has generally been held back, but I know that a decent number of kids in our district’s talented and gifted programs are a year older than required for their grades. I have questioned whether that’s an appropriate use of “T...