Search found 20567 matches

by dm200
Wed Jul 17, 2019 11:46 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 850
Views: 86856

Re: What frugal thing did you do today?

We have two, older cars. "My" car is out of action for a week or so. My wife gave me a ride to work.
by dm200
Wed Jul 17, 2019 11:43 am
Forum: Personal Investments
Topic: Help for elderly neighbor
Replies: 13
Views: 570

Re: Help for elderly neighbor

Just make sure the credit union folks do not refer her to their investments guy/gal. Stick with federally insured accounts. +1. I belong to 3 credit unions and they all want to provide a referral to a Financial Advisory service. Very disappointing. You might suggest CD laddering. Yes to laddering. ...
by dm200
Wed Jul 17, 2019 11:15 am
Forum: Personal Investments
Topic: Help for elderly neighbor
Replies: 13
Views: 570

Re: Help for elderly neighbor

I wouldn’t get too involved either. She should probably stick with something local at her age. Odds are that she doesn’t know how to do online transactions. Maybe her credit union has better options like CDs. I think suggesting getting higher rate of return at her credit union is fine - and "safe" ...
by dm200
Wed Jul 17, 2019 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 42
Views: 2885

Re: Take the cash or the free dinner?

There have been several threads about listening to a pitch at a free dinner, but I've been offered $200 in cash to listen to a pitch which is a first for me. I just don't recall sales pitches offering cash, but plenty offer a free vacation (time shares!) or free dinner (annuities). There have been ...
by dm200
Wed Jul 17, 2019 11:07 am
Forum: Personal Investments
Topic: Help for elderly neighbor
Replies: 13
Views: 570

Re: Help for elderly neighbor

I wouldn’t get too involved either. She should probably stick with something local at her age. Odds are that she doesn’t know how to do online transactions. Maybe her credit union has better options like CDs. I think suggesting getting higher rate of return at her credit union is fine - and "safe" ...
by dm200
Wed Jul 17, 2019 11:05 am
Forum: Personal Consumer Issues
Topic: replacing mulch bed recommendations
Replies: 12
Views: 381

Re: replacing mulch bed recommendations

I have mulch beds around the front and back of my house. I'd like to replace them with a material that will not need to be replaced yearly and in which weeds will not grow, so that there is minimal maintenance and ongoing cost. I think there are two main options: 1. plant pachysandra or vinca minor...
by dm200
Wed Jul 17, 2019 10:53 am
Forum: Personal Investments
Topic: Help for elderly neighbor
Replies: 13
Views: 570

Re: Help for elderly neighbor

In a recent, casual conversation with a neighbor in her 70's, she asked me what she should do with a sum of money she has. Based on what she said, it's probably $10k-$20k. She said she wonders if she should have it invested (it's currently making about .5% in a credit union). She had told me previo...
by dm200
Wed Jul 17, 2019 10:42 am
Forum: Personal Investments
Topic: Add on CD as insurance against falling rates
Replies: 6
Views: 870

Re: Add on CD as insurance against falling rates

United bank has a special going on, a 19 month CD yielding 3.15%. They call it a flex up cd which means you can make up to 5 additional deposits into it before it matures. By funding it with $500 (the minimum) you are effectively getting paid a decent rate for insurance against rates dropping. Thes...
by dm200
Wed Jul 17, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Working 4 days a week?
Replies: 27
Views: 1229

Re: Working 4 days a week?

If you can reduce hours and actually work reduced hours, this sounds great. I've seen more than one manager who isn't quite ready to retire but wants more time off drop to 4 days a week for 80% of salary. Every one of them ended up working longer hours for the 4 days they were in and most came in o...
by dm200
Wed Jul 17, 2019 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Should i disclose my liability insurance policy limits?
Replies: 19
Views: 1953

Re: Should i disclose my liability insurance policy limits?

Situations like this are why we carry liability insurance limits well above the required limits - especially personal injury.
by dm200
Wed Jul 17, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: How to plan for extended illness?
Replies: 21
Views: 1186

Re: How to plan for extended illness?

Prolonged, debilitating illness is a recipe for life falling apart - both for the patient and the family. I think there are plenty of studies of the impact of a cancer diagnosis. https://scholar.google.com/scholar?q=studies+of+cancer+impact+on+families&hl=en&as_sdt=0&as_vis=1&oi=scholart I used to ...
by dm200
Wed Jul 17, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Working 4 days a week?
Replies: 27
Views: 1229

Re: Working 4 days a week?

Anecdotally, most of the folks I know in that salary range (in the private sector) tend to work well over 40 hours a week. They tend to have a job to get accomplished and spend the hours needed to do it. Seems to me that the key here would be to have a defined "job" to get accomplished that could be...
by dm200
Wed Jul 17, 2019 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Working 4 days a week?
Replies: 27
Views: 1229

Re: Working 4 days a week?

Not even sure my employer will let me do this, but I've been considering it. I have to check into the details, but I'm assuming they'd make me take a 20% pay cut, and benefits would still be available. My situation is this: 39 yo, own a house and it's paid off, zero debt. Current salary is about $1...
by dm200
Wed Jul 17, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home; Very HCOL Area
Replies: 36
Views: 2682

Re: Buying a home; Very HCOL Area

With 20/20 hindsight, I wonder what folks in this kind of environment, say, 10-15 years ago might conclude? In my County locality, I believe that over a 10-20 year period - just about all home (single family or townhome) purchases at market levels in the past 50 years have had, at least modest, grow...
by dm200
Wed Jul 17, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Medigap vs Advantage: Which did you select?
Replies: 177
Views: 6719

Re: Medigap vs Advantage: Which did you select?

The other, related, justification, may be that flexibility of MA plans (whether privately or publicly managed) can provide good care and controlled costs. The real question, then, is .............................. Please define what you mean by publicly managed Aren't all MA plans run by private in...
by dm200
Wed Jul 17, 2019 9:36 am
Forum: Personal Investments
Topic: Safest way to invest $1 mil for individual with cognitive impairment to protect their assets?
Replies: 33
Views: 3273

Re: Safest way to invest $1 mil for individual with cognitive impairment to protect their assets?

I once saw an 80-something demented man with a 20-something girlfriend. He had no assets and was very simple but had valuable land (by inheritance) that he wanted to give the girlfriend. His family, who owned the adjacent land, was livid and tried to take legal action. Even though he had mild demen...
by dm200
Wed Jul 17, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Should i disclose my liability insurance policy limits?
Replies: 19
Views: 1953

Re: Should i disclose my liability insurance policy limits?

I got into a low speed accident. Nobody was injured so did not call 911. Both parties exchanged insurance information, took pictures of both cars & submitted claims with respective insurance. My insurance company correctly found that I was at fault party. Now the other driver is claiming injury and...
by dm200
Tue Jul 16, 2019 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 101
Views: 8783

Re: House not appraising for amount we were offered!

Buyers wouldn't have to be all cash, they would just need to put down a larger than usual down payment (covering a usual down payment, plus the difference between the appraised value and their offered price). At that point, the bank should, in theory be comfortable with the loan (they would still b...
by dm200
Tue Jul 16, 2019 4:02 pm
Forum: Personal Consumer Issues
Topic: Friend's car caught in flood ?
Replies: 42
Views: 2366

Re: Friend's car caught in flood ?

The car is "drying out" in front of his house.

The removable floor mats were very wet - and had beginnings of mold - so they went in the trash.

He plans to keep it drying out for a week or so more. We shall see :confused
by dm200
Tue Jul 16, 2019 3:41 pm
Forum: Forum Issues and Administration
Topic: Quote only the part that you are responding to
Replies: 11
Views: 784

Re: Quote only the part that you are responding to

StandingRock wrote:
Tue Jul 16, 2019 2:21 pm
You should selectively edit to strengthen your argument or point of view in order to win people to your side of the argument.
Clever.
by dm200
Tue Jul 16, 2019 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: How to plan for extended illness?
Replies: 21
Views: 1186

Re: How to plan for extended illness?

Some employers allow employees to "donate" sick leave to those out for an extended period.
by dm200
Tue Jul 16, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap vs Advantage: Which did you select?
Replies: 177
Views: 6719

Re: Medigap vs Advantage: Which did you select?

I agree, but for dark reasons (i.e. MegaInsurance has a lot of influence over the actions of Washington). Yes - and I suspect that if actions move towards reductions in MA payments, we will hear ads on the radio, things in the mail, etc. The case for Medicare Advantage plans seems to be (at least p...
by dm200
Tue Jul 16, 2019 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 334
Views: 91226

Re: How to Minimize Your Emergency Care Expenses

I remember going to my small town doctor's house on July 4 with mumps. Those days are gone. Figure 52 Saturdays, 52 Sundays and maybe six major holidays -- that's 110 days/year the PCP office is closed, more than 30% of the days. There are plenty of conditions that are not life-threatening emergenc...
by dm200
Tue Jul 16, 2019 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 101
Views: 8783

Re: House not appraising for amount we were offered!

Just my "guess", but I suspect that in a hot market with rising sale prices, there may be a lag in appraisal amounts in catching up with sales. I strongly suspect that is the case as well. I've never completely understood the process of using comps in an appraisal. If fair market value is determine...
by dm200
Tue Jul 16, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to plan for extended illness?
Replies: 21
Views: 1186

Re: How to plan for extended illness?

So we have a defense for one of us dying (term life) and for one of us being disabled (long term disability) but not sure what to do about the possibility that one of us ends up with a disease that would require the other spouse to leave work for an extended period of time, whether it be to care fo...
by dm200
Tue Jul 16, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap vs Advantage: Which did you select?
Replies: 177
Views: 6719

Re: Medigap vs Advantage: Which did you select?

This will likely affect MA pricing: https://www.npr.org/sections/health-shots/2019/07/16/740964958/records-show-medicare-advantage-plans-overbill-taxpayers-by-billions-annually I see reports like this as one more reason to lean towards a Medigap plan. Insurance companies are still in the equation, ...
by dm200
Tue Jul 16, 2019 1:13 pm
Forum: Personal Investments
Topic: Company Stock at discount - immediate sell
Replies: 16
Views: 842

Re: Company Stock at discount - immediate sell

Or, perhaps if you choose to do so, keep the amount modest and consider the stock to be very risky - since the value of the stock and your employment are often very ties together. I agree. But as I said, that's my spiel to junior engineers. And if they haven't seen 2000 and 2008, they don't really ...
by dm200
Tue Jul 16, 2019 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 101
Views: 8783

Re: House not appraising for amount we were offered!

Just my "guess", but I suspect that in a hot market with rising sale prices, there may be a lag in appraisal amounts in catching up with sales.
by dm200
Tue Jul 16, 2019 12:31 pm
Forum: Personal Investments
Topic: Company Stock at discount - immediate sell
Replies: 16
Views: 842

Re: Company Stock at discount - immediate sell

Second, never hold stock in your employer. Your need to turn equities into cash is highly correlated with poor performance of your employers stock. Or, perhaps if you choose to do so, keep the amount modest and consider the stock to be very risky - since the value of the stock and your employment a...
by dm200
Tue Jul 16, 2019 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home; Very HCOL Area
Replies: 36
Views: 2682

Re: Buying a home; Very HCOL Area

Just my opinion and observation - in many housing markets today, I think it makes sense - if you can possible do it financially - to get a somewhat bigger house than you need/want immediately - and plan on keeping that house for a very long time. At least in our area, there do not seem to be the "st...
by dm200
Tue Jul 16, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap vs Advantage: Which did you select?
Replies: 177
Views: 6719

Re: Medigap vs Advantage: Which did you select?

This will likely affect MA pricing: https://www.npr.org/sections/health-shots/2019/07/16/740964958/records-show-medicare-advantage-plans-overbill-taxpayers-by-billions-annually Thanks. As usual, there seem to be two sides to this story. We shall see. it sounds like more auditing and/or lower reimbu...
by dm200
Tue Jul 16, 2019 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Health Care criteria for retirement
Replies: 8
Views: 1051

Re: Health Care criteria for retirement

Be sure to know if there are specialists that are available near where you retire. When I grew up in a rural area, our "General Practitioner" doctors handled almost everything - delivering babies - and patients of all ages from newborns to the elderly. Other than an Ophthalmologist, I never saw any...
by dm200
Tue Jul 16, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home; Very HCOL Area
Replies: 36
Views: 2682

Re: Buying a home; Very HCOL Area

dm200 wrote: Back when we bought our single family home 41 years ago, we paid $75,000. many folks said that was too much. The previous owner had paid half that five years earlier. Today, our house (mostly land value) has a market value of between $650,000 and $700,000 in a hot market. The house has...
by dm200
Tue Jul 16, 2019 11:03 am
Forum: Personal Investments
Topic: Company Stock at discount - immediate sell
Replies: 16
Views: 842

Re: Company Stock at discount - immediate sell

Now in semi-retirement - began working at megaCorp 50+ years ago - that had 15% discount for employer stock purchase. Now, with perfect 20/20 hindsight - this is what I would have done: 1. Purchase as much of the stock at the 15% discount as I could afford 2. Keep shares long enough (cannot recall d...
by dm200
Tue Jul 16, 2019 10:42 am
Forum: Personal Consumer Issues
Topic: "Objective" Importance of Keeping Your Physicians?
Replies: 54
Views: 3887

Re: "Objective" Importance of Keeping Your Physicians?

One example is that I had eyelid surgery a few years ago to correct a congenital droopy eyelid. The Ophthalmologist told me that one eyeball (the one with the droopy eyelid) protruded a bit more than the other eyeball. He would not do the surgery unless and until I had a CT scan of my eye socket - ...
by dm200
Tue Jul 16, 2019 9:53 am
Forum: Forum Issues and Administration
Topic: Using Site From Smartphone Question
Replies: 16
Views: 642

Re: Using Site From Smartphone Question

OK - when I go to the blue bogleheads screen - I see the three line dropdown. However, when I am at the bogleheads.org screen with the post listings - the three line dropdown is not there. I am close - maybe there now. Thanks all. Did you ever get it fully figured out? Yes - almost. I just need to ...
by dm200
Tue Jul 16, 2019 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Medigap vs Advantage: Which did you select?
Replies: 177
Views: 6719

Re: Medigap vs Advantage: Which did you select?

Haven't been keeping count but I think the thread has had enough posts so far to safely say the majority of replies are in favor of Medigap. Yes - my sense as well. However, unlike some previous discussions, this one has many MA supporters. Because MA plans differ so much from each other as well as...
by dm200
Tue Jul 16, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Medigap vs Advantage: Which did you select?
Replies: 177
Views: 6719

Re: Medigap vs Advantage: Which did you select?

joe8d wrote:
Mon Jul 15, 2019 8:12 pm
Advantage.WNY Independent Health Plan.Been on for 12 years now.
Yes - I have heard great things about MA plan(s) in Western NY State. I grew up in that area and still have family there. I moved away after graduating from college over 50 years ago.
by dm200
Tue Jul 16, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Medigap vs Advantage: Which did you select?
Replies: 177
Views: 6719

Re: Medigap vs Advantage: Which did you select?

We would have preferred to have a Medigap plan when we retired at the end of 2006, specifically the F plan. But we couldn't find a doctor in our fairly large area who would accept new medicare patients. So by default, we have a Medicare Advantage Plan. It was great, until Kaiser bought them about a...
by dm200
Tue Jul 16, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home; Very HCOL Area
Replies: 36
Views: 2682

Re: Buying a home; Very HCOL Area

HCOL Area, property taxes well north of 10K annually (for not much property) - Is there ever a break-even point where home ownership in these kinds of areas are actually "worth it" financially? Perspective: In my area, you are spending 400K for a "fixer upper". For half a million, you're buying som...
by dm200
Tue Jul 16, 2019 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 83
Views: 6515

Re: Tenant turned off all utilities advice please!!

Tenant turned off all utilities What is the problem with this? If you were a renter with utilities in your name, wouldn’t you want them turned off when you move so you aren’t stuck paying for the next tenant who never gets around to putting utilities in their name? +1 When we rented in the distant ...
by dm200
Tue Jul 16, 2019 9:02 am
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 334
Views: 91226

Re: How to Minimize Your Emergency Care Expenses

This was posted in another thread. How can someone avoid this situation other than acting against PCP advice by not going to the ER? I've gone to ER twice in my life. The last time I went I had a dislocated pinkie (PCP recommended ER). Nine people were involved in examining, x-raying and bandaging....
by dm200
Tue Jul 16, 2019 8:58 am
Forum: Personal Consumer Issues
Topic: "Objective" Importance of Keeping Your Physicians?
Replies: 54
Views: 3887

Re: "Objective" Importance of Keeping Your Physicians?

It seems odd that for one of the most important things in your life : your whole body - that you don’t really care about who does what. However, people seem to highly prize a plumber or a mechanic - if there is a place to make an error, I would it rather be with my car or my plumbing than with my b...
by dm200
Tue Jul 16, 2019 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home; Very HCOL Area
Replies: 36
Views: 2682

Re: Buying a home; Very HCOL Area

HCOL Area, property taxes well north of 10K annually (for not much property) - Is there ever a break-even point where home ownership in these kinds of areas are actually "worth it" financially? Perspective: In my area, you are spending 400K for a "fixer upper". For half a million, you're buying som...
by dm200
Tue Jul 16, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 83
Views: 6515

Re: Tenant turned off all utilities advice please!!

The woman behaved horribly. However, I have always contacted the utilities and ended service every time I have moved from a rental. Sometimes, the landlord had an agreement on record with the utility company to assume responsibility for the billing and the service would remain on. Other times, the ...
by dm200
Tue Jul 16, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Health Care criteria for retirement
Replies: 8
Views: 1051

Re: Health Care criteria for retirement

Be sure to know if there are specialists that are available near where you retire. Here is something that I have posted about this before; I know someone that retired on the Oregon coast near a small city that had a small hospital and adequate primary care doctors. What they found was that for some...
by dm200
Tue Jul 16, 2019 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 83
Views: 6515

Re: Tenant turned off all utilities advice please!!

The woman behaved horribly. However, I have always contacted the utilities and ended service every time I have moved from a rental. Sometimes, the landlord had an agreement on record with the utility company to assume responsibility for the billing and the service would remain on. Other times, the ...
by dm200
Mon Jul 15, 2019 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap vs Advantage: Which did you select?
Replies: 177
Views: 6719

Re: Medigap vs Advantage: Which did you select?

I wonder, then, why there are so many continuing complaints about the need to get referrals when folks are in HMOs? It's called cost containment, the name of the game for most HMOs. Let me try again.. When we were enrolled in several different HMOs over the years with employer plans, neither my wif...
by dm200
Mon Jul 15, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap vs Advantage: Which did you select?
Replies: 177
Views: 6719

Re: Medigap vs Advantage: Which did you select?

I did a lot of homework (5+ years ago as I launched into retirement) and this is what I chose and why: Traditional Medicare because I figured that if I wanted to switch to and Advantage plan in the future I could do that, but going from Advantage to traditional is not always possible given limitati...
by dm200
Mon Jul 15, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 83
Views: 6515

Re: Tenant turned off all utilities advice please!!

Maybe experience and successful landlords could comment - but I wonder if there are way(s) the landlord can detect such problems during the lease? One way I've heard landlords do this is change the HVAC filters twice a year. That allows access ...with notice of course. Now what you do about a filth...