Search found 2290 matches

by Nowizard
Thu Nov 14, 2019 12:58 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 173
Views: 12723

Re: Spend It All vs. Leave $$ for the Kids

We would not plan to spend it all if that involved moving beyond our comfort level just to spend or plan to leave X amount of inheritance. We are leading our lives, spending more when desired, the same when desired, less when desired. Something will or will not be remaining when we die, and our chil...
by Nowizard
Thu Nov 14, 2019 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: IRS billing me for 1099-SA that isn't mine
Replies: 8
Views: 683

Re: IRS billing me for 1099-SA that isn't mine

I have received letters from IRS in the past that asked for additional payment and have simply responded with a letter resulting is settlement, though once it took a telephone call. With three events, the error of IRS was acknowledged with simple letter or call. I would definitely not incur expense ...
by Nowizard
Thu Nov 14, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: The difficulty of discarding frugality?
Replies: 92
Views: 5970

Re: The difficulty of discarding frugality?

You reflect our greatest "First world" challenge. Though not wealthy by standards of many posters, we are comfortable with this being largely attributable to disciplined saving and reasonable investment returns over long periods of time. Our issue is basically difficulty moving from an accumulation ...
by Nowizard
Thu Nov 14, 2019 8:37 am
Forum: Investing - Theory, News & General
Topic: If you were forced to pick an alternative asset...
Replies: 101
Views: 5974

Re: If you were forced to pick an alternative asset...

It sounds like the adjusted risk return of best choice may depend more on your psychological ability to effectively scratch that itch than on the investment choice! That being said, if you are knowledgeable, art or physical gold may be choices. Though both have the possibility of being poor investme...
by Nowizard
Wed Nov 13, 2019 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Are complicated credit card cash back strategies worth it?
Replies: 63
Views: 3663

Re: Are complicated credit card cash back strategies worth it?

As with all financial issues, there are both pragmatic and personal, psychological aspects involved. Pragmatically and psychologically, this site reflects both wonderful, pragmatic advice and in-depth commentary that enters the point of diminishing returns from a pragmatic basis. That point is indiv...
by Nowizard
Wed Nov 13, 2019 9:31 am
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 58
Views: 3141

Re: How to combine finances with your spouse? Recently married/early30s

When we married, there was a discrepancy between our net assets, though neither greatly substantial. I would consider yours similar in the long run. We agreed to keep the greater assets separate until there were normal adjustments involving finances and other issues relating to a new marriage. Thoug...
by Nowizard
Wed Nov 13, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Online MBA - Worth It?
Replies: 26
Views: 1602

Re: Online MBA - Worth It?

Another, related issue is what type of financial compensation you require. If this is a passion you can indulge without reference to significant compensation, that allows a broader consideration of potential entry points, and an educational program can be chosen from the perspective of an actual job...
by Nowizard
Fri Nov 08, 2019 8:24 am
Forum: Personal Consumer Issues
Topic: Is selling trees for lumber Immoral?
Replies: 33
Views: 2655

Re: Is selling trees for lumber Immoral?

We once sold a piece of property and then backed out of a legal agreement when discovering the purchaser planned to clear-cut, costing us $15,000 but retaining our view on the situation. Others would do differently and purchase with the intent of clear-cutting or selectively cutting. Your choice. Tr...
by Nowizard
Wed Nov 06, 2019 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Any way to "forfeit" income to avoid IRMAA cliff
Replies: 53
Views: 5884

Re: Any way to "forfeit" income to avoid IRMAA cliff

Would it be correct to say that since IRMAA is a medical expense, it could be a factor in itemizing with a medical deduction?
Tim
by Nowizard
Wed Nov 06, 2019 12:01 pm
Forum: Investing - Theory, News & General
Topic: Cost basis step up on death of spouse?
Replies: 43
Views: 2838

Re: Cost basis step up on death of spouse?

Would this also apply if assets were in a Revocable Trust with the married couple being primary beneficiaries?

Tim
by Nowizard
Wed Nov 06, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Best month to take RMDs?
Replies: 86
Views: 4549

Re: Best month to take RMDs?

If you are investing rather than depending on the RMD's for expenses, you have greater time for investing the sooner you take the distributions.

Tim
by Nowizard
Tue Nov 05, 2019 12:51 pm
Forum: Personal Investments
Topic: Worried I am getting addicted to individual stocks.
Replies: 113
Views: 7326

Re: Worried I am getting addicted to individual stocks.

What you are essentially saying is that you are creating your own mutual fund as do professional fund managers but without making the analyses they make before purchasing a specific stock. If you are comfortable with that and feel you can do as well as a professional manager or accept the consequenc...
by Nowizard
Tue Nov 05, 2019 12:41 pm
Forum: Investing - Theory, News & General
Topic: Wait for Social Security - breakeven returns
Replies: 106
Views: 9464

Re: Wait for Social Security - breakeven returns

A significant factor affecting when to take SS is one that seems to be infrequently discussed. It led us to take SS at FRA because of two conditions being met: 1. The additional income from SS had minimal impact on our marginal tax rate. 2. We had sufficient assets where we could invest rather than ...
by Nowizard
Sat Nov 02, 2019 9:21 am
Forum: Personal Investments
Topic: What to do with RMDs?
Replies: 21
Views: 2293

Re: What to do with RMDs?

A consideration is how well your children manage their finances now and how well they are progressing toward their own financial goals. Ours, for example, are doing well but would gladly accept any offers now that would move them closer to being FI. If there are signficant differences between the wa...
by Nowizard
Fri Nov 01, 2019 5:35 pm
Forum: Personal Consumer Issues
Topic: Costa Rica
Replies: 14
Views: 1669

Re: Costa Rica

Check out se como no, supposedly where Jimmy Buffett stays. Near the coast, Arenal, rain forest, etc.

Tim
by Nowizard
Fri Nov 01, 2019 10:42 am
Forum: Personal Consumer Issues
Topic: How often do you allow your dentist to x-ray your teeth?
Replies: 19
Views: 1708

Re: How often do you allow your dentist to x-ray your teeth?

Bite wing (Two X-rays) every 18 months, full mouth every five years.

Tim
by Nowizard
Fri Nov 01, 2019 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Cost to build a house?
Replies: 28
Views: 2794

Re: Cost to build a house?

Look at pricing of new homes for sale and determine sf asking price. Look at homes sold in the same area and determine the difference between asking and selling price. Consider whether to further deduct an assumed realtor fee for sold homes and figure the sf average. In our area, for example, nicely...
by Nowizard
Fri Nov 01, 2019 8:19 am
Forum: Personal Consumer Issues
Topic: Credit Card Fraud Question:
Replies: 16
Views: 1349

Re: Credit Card Fraud Question:

Thank you. I have done that now.

Tim
by Nowizard
Thu Oct 31, 2019 6:18 pm
Forum: Personal Consumer Issues
Topic: Credit Card Fraud Question:
Replies: 16
Views: 1349

Re: Credit Card Fraud Question:

Excellent idea about getting alerts when the card is used. How is this done, generally, or with Chase Freedom, specifically?
Tim
by Nowizard
Thu Oct 31, 2019 12:53 pm
Forum: Personal Consumer Issues
Topic: Credit Card Fraud Question:
Replies: 16
Views: 1349

Re: Credit Card Fraud Question:

The card has been cancelled, and a new one will be sent today, so no new charges will occur on the card or through any Paypal charges that might be linked to that card. The other issue I did not know about was that you can use Paypal as a guest. I will call them anyway (If I can negotiate their auto...
by Nowizard
Thu Oct 31, 2019 11:45 am
Forum: Personal Consumer Issues
Topic: Credit Card Fraud Question:
Replies: 16
Views: 1349

Credit Card Fraud Question:

We received our monthly statement today, and it had three fraudulent charges totaling over $600. I have spoken with the company who will investigate and reduced the payment for the month by the fraudulent amount. All charges were made through Paypal, and we do not have a Paypal account. Does this me...
by Nowizard
Tue Oct 29, 2019 10:36 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2517
Views: 463568

Re: What are you up YTD? [Year To Date]

15.89 with an annual goal of 4% appreciation, so very pleased with our comparatively conservative portfolio (Overall, falls at 34th percentile relative to benchmarks).

Tim
by Nowizard
Tue Oct 29, 2019 10:31 am
Forum: Investing - Theory, News & General
Topic: Individual bonds with big gains
Replies: 14
Views: 1178

Re: Individual bonds with big gains

Seems to me that this could be seen as an issue of rebalancing. If one has profits greater than expectations in one area, they may choose to move assets into another. If bonds are a modulator in your profile, they are simple to maintain by selling what you have and purchasing, keeping your original ...
by Nowizard
Mon Oct 28, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Psychologically adverse to start drawing down in retirement
Replies: 82
Views: 8187

Re: Psychologically adverse to start drawing down in retirement

We would prefer to not draw down for the same, as you say, rather irrational reason. The "trick" I play since we are in the RMD phase is to keep track of overall portfolio assets at the beginning and end of a year, add 2% for inflation and compare. If the amount is equivalent to the beginning of the...
by Nowizard
Mon Oct 28, 2019 8:44 am
Forum: Personal Consumer Issues
Topic: Furnace air filters
Replies: 37
Views: 2897

Re: Furnace air filters

A contractor who maintained an older, lake house we owned and our primary house said to use cheap filters in the older home and more expensive (Better) ones in the newer home. He also said to purchase an available spray and spray it on the cheaper filters. Additionally, he said to remove the filter ...
by Nowizard
Sun Oct 27, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Do we need a trust? (MIL to keep extended family away from assets)
Replies: 20
Views: 3534

Re: Do we need a trust? (MIL to keep extended family away from assets)

This sounds like a situation where planning and pragmatics play a role. On one level, though the specifics are different, this is an issue of dealing with aging parents or relatives, along with the common occurrence where one or more are resistant to the perceived need by others for change. In this ...
by Nowizard
Sat Oct 26, 2019 7:48 am
Forum: Personal Investments
Topic: How/where invest my children's money?
Replies: 4
Views: 608

Re: How/where invest my children's money?

This will go against many posts on the topic. We were fortunate in that we were investing for our children's education years ago. We placed what turned out to be enough money to cover about a year or so of undergraduate education in zero coupon bonds at 11%. However, though we were far below the inc...
by Nowizard
Fri Oct 25, 2019 11:19 am
Forum: Personal Consumer Issues
Topic: Fixing rear bumper
Replies: 13
Views: 838

Re: Fixing rear bumper

To essentially paint the bumper and make minor repair should be in the $400-500 category based on past, personal results.

Tim
by Nowizard
Thu Oct 24, 2019 10:45 am
Forum: Personal Consumer Issues
Topic: How to get quicker hot water
Replies: 45
Views: 2486

Re: How to get quicker hot water

I mentioned in a response to Cheesebreath that this was a first world issue. I often mention that with posts but did not here for some reason. We had reasonable utility bills with our prior house with recirculating hot water. I do feel we are extremely fortunate and react to many posts in that manne...
by Nowizard
Thu Oct 24, 2019 7:45 am
Forum: Personal Consumer Issues
Topic: How to get quicker hot water
Replies: 45
Views: 2486

Re: How to get quicker hot water

Are you assuming that all faucets would have smaller heaters installed or only three at the most?

Tim
by Nowizard
Thu Oct 24, 2019 7:42 am
Forum: Personal Investments
Topic: Benefits of Flagship Status at Vanguard?
Replies: 65
Views: 7473

Re: Benefits of Flagship Status at Vanguard?

For those who have financial plans and other things such as POA, wills, Trusts, etc. in order, and who do little or no stock trading, there is little use of Flagship services for other than routine transactions. However, knowing services are available is another tool for potential use since we never...
by Nowizard
Thu Oct 24, 2019 7:37 am
Forum: Personal Consumer Issues
Topic: How to get quicker hot water
Replies: 45
Views: 2486

How to get quicker hot water

We have recently moved from a large house with three hot water heaters that supplied instant hot water throughout the house to a more conventional house with two, typical, hot water heaters. The time to obtain hot water is greater and varies depending on the distance from the heaters. This is an inc...
by Nowizard
Wed Oct 23, 2019 3:21 pm
Forum: Personal Consumer Issues
Topic: Cost of my medicare drug plan is doubling
Replies: 24
Views: 2086

Re: Cost of my medicare drug plan is doubling

My WellCare plan went down slightly in cost. As someone mentioned, go to the gov. site and check all plans with your meds. Plans change each year. Even with just a couple of generic drugs, we have changed twice in three years.

Tim
by Nowizard
Wed Oct 23, 2019 7:16 am
Forum: Personal Consumer Issues
Topic: Urgent Care Billing Question: what's a "long" doctor's visit?
Replies: 25
Views: 2811

Re: Urgent Care Billing Question: what's a "long" doctor's visit?

Insurance companies monitor codings of routine vs. extended visits since the latter is billed at a higher rate. This is particularly common when monitoring primary care. From the physician side, though I am not one, they are aware of being on a lower rung financially and can feel taken advantage of ...
by Nowizard
Wed Oct 23, 2019 7:10 am
Forum: Investing - Theory, News & General
Topic: Inside Fisher Investments
Replies: 123
Views: 11630

Re: Inside Fisher Investments

They advertise from a psychological point-of-view on television. Their point man has a beard and presents as if he were the empathetic psychologist or psychiatrist giving calming advice to prospects. The tag line of "We make more when you make more" is one that grabs attention and reflects the under...
by Nowizard
Wed Oct 23, 2019 7:04 am
Forum: Investing - Theory, News & General
Topic: Transitioning my Account ~ Not Mandatory
Replies: 61
Views: 5115

Re: Transitioning my Account ~ Not Mandatory

What does transitioning even mean in a day-to-day sense other than being able to purchase/sell stocks/ETF's? Our account has two, traditional IRA's, two Roth-IRA's and Prime MM. Each account other than MM has at least two funds, Index or active. It would be quite a hassle if something had to be done...
by Nowizard
Wed Oct 23, 2019 6:58 am
Forum: Personal Investments
Topic: How do you get over an investing mistake?
Replies: 42
Views: 2047

Re: How do you get over an investing mistake?

It sounds like the "problem" is the same as mine was, that without acknowledging it there is an underlying feeling you should be able to beat and time the market and that failure to do so is a slam on you rather than a learning experience. Mine was with ATT when they spun off Lucent and you could ta...
by Nowizard
Tue Oct 22, 2019 11:38 am
Forum: Personal Consumer Issues
Topic: BCBS wont pay lab bill...
Replies: 44
Views: 4092

Re: BCBS wont pay lab bill...

Unless there is a specific reason to do so, it is generally unexpected that a physician would have knowledge of your insurance policy, what it covered, etc. That is left to the office staff while the physician focuses on treatment. After all, the policy owner does not always know what is covered. Ho...
by Nowizard
Tue Oct 22, 2019 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D provider help-Wellcare Wellness
Replies: 39
Views: 2800

Re: Medicare Part D provider help-Wellcare Wellness

I have WellCare and just ran a comparison with the 30 policies available in our area. There was one that would be approximately $80 less annually than WellCare, so it pays to check each year even if you do not change.

Tim
by Nowizard
Tue Oct 22, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard checking -- Use it or lose it
Replies: 71
Views: 5403

Re: Vanguard checking -- Use it or lose it

Ours suspended, too, several years ago for not writing checks. Not sure how that protects us but does make us think ahead when needing cash from the MM account. You can still call or have money wired, as you know.

Tim
by Nowizard
Tue Oct 22, 2019 7:31 am
Forum: Personal Investments
Topic: New Investor with an Inheritance
Replies: 15
Views: 2163

Re: New Investor with an Inheritance

Your comment about not having time to gain investing knowledge, high risk tolerance and a need to act quickly may be keys. Psychologically, your career path suggests you may be a person who feels preciseness with significant decisions, along with the ability to make them quickly and confidently, is ...
by Nowizard
Mon Oct 21, 2019 7:58 am
Forum: Personal Consumer Issues
Topic: Lamps with mildew - toss or clean?
Replies: 5
Views: 651

Re: Lamps with mildew - toss or clean?

Could depend on quality of lamps. If expensive, remove the "mildew," particularly since it may simply be mild degradation of the "rubberized" section. Should not come back unless in an environment conducive to mildew if that is what it is. If inexpensive, decide whether you like them and decide whet...
by Nowizard
Mon Oct 21, 2019 7:54 am
Forum: Personal Consumer Issues
Topic: Photo Scanner (Recommendations Please)
Replies: 33
Views: 2007

Re: Photo Scanner (Recommendations Please)

With a professional scanner, the quality of the scan affects the price since higher quality takes longer. We have had scanned several thousand negatives, not photos, at about $3 per negative, but that included putting them on a designated hard drive, archival DVD's and having them organized by topic...
by Nowizard
Sun Oct 20, 2019 10:42 am
Forum: Personal Finance (Not Investing)
Topic: buying a car online in another state
Replies: 13
Views: 1159

Re: buying a car online in another state

Sales taxes, if any, are paid in the state where the vehicle is registered. We have purchased in surrounding states numerous times without driving the specific vehicle. Voice your concerns, check warranties, reviews of the dealer, obtain a statement, etc. Depending on the distance, it may be wiser t...
by Nowizard
Fri Oct 18, 2019 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D provider help-Wellcare Wellness
Replies: 39
Views: 2800

Re: Medicare Part D provider help-Wellcare Wellness

It is important to not eliminate potential policies based on presence/absence of deductibles. Total cost is the key. This year's gov. site makes it very simple to rate all plans for total cost with your particular meds. The potential kicker is whether you will be prescribed an expensive medication d...
by Nowizard
Thu Oct 17, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: How to avoid Medicare IRMAA Surcharge
Replies: 72
Views: 5580

Re: How to avoid Medicare IRMAA Surcharge

Only two ways:
1. Reduce the amount of RMD's if they push you to IRMAA range
2. Reduce AGI by deductions to income, not taxable amount.
We have not been able to figure how to do so.

Tim
by Nowizard
Thu Oct 17, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D provider help-Wellcare Wellness
Replies: 39
Views: 2800

Re: Medicare Part D provider help-Wellcare Wellness

I take two tier 1 meds and have Wellcare's basic plan that costs $15.50 monthly. There is a deductible, but it does not apply to my drugs for some reason, possibly all tier 1 drugs. Formulary is large, so I feel covered if a new drug is prescribed. No problems at all, and they send monthly updates o...
by Nowizard
Sun Oct 13, 2019 8:18 am
Forum: Investing - Theory, News & General
Topic: Bond Investing when Yield Curve is Flat
Replies: 91
Views: 8270

Re: Bond Investing when Yield Curve is Flat

This may not be the thread for this, but to complete a bond discussion, it would be helpful for those of us who find bonds more confusing than stocks to discuss the advantages of investing in bond funds vs. individual bonds when the yield curve is flat.

Tim
by Nowizard
Thu Oct 10, 2019 9:38 pm
Forum: Personal Consumer Issues
Topic: $575 to replace rear brake pads and rotors on a 2017 Subaru Forester?
Replies: 64
Views: 4457

Re: $575 to replace rear brake pads and rotors on a 2017 Subaru Forester?

I paid $615 for front rotors, turning rear rotors and break pads front and back on a 2015 4-Runner with an independent mechanic. Checked with a local, large and respected shop. Their price was $617.

Tim
by Nowizard
Wed Oct 09, 2019 3:33 pm
Forum: Personal Consumer Issues
Topic: Consumer Reports
Replies: 36
Views: 3405

Re: Consumer Reports

I believe their evaluations are about as good as you can get. However, it is important to remember that they evaluate based on items like cost, reliability and function. For those who are also interested in appearance, you would be wise to be certain and look at photos or the object itself. This may...