Search found 2961 matches

by Rupert
Wed May 23, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 52
Views: 4779

Re: Alzheimer's Disease, Long Term Care, and your Retirement Finances

Yes, of course, that language is too simplistic. I was responding to a previous poster's comment about POAs "not working that way." They can, in fact, work that way, but, as I said, there's a lot of debate about the ethics of it, and more specific language is certainly advisable. It gets really eth...
by Rupert
Wed May 23, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: 529 vs Emergency Fund
Replies: 7
Views: 409

Re: 529 vs Emergency Fund

Emergency fund first. (That's the equivalent of putting on your oxygen mask before helping others). Retirement savings second. Then college savings and/or pay down mortgage early.
by Rupert
Wed May 23, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 52
Views: 4779

Re: Alzheimer's Disease, Long Term Care, and your Retirement Finances

Even those with the ability to self insure, a long tail yearly claim of 100,000 in today's dollars for 10 or more years is a very tough pill to swallow. That's why you have a health care POA. I saw first-hand how expensive it was for a loved one with dementia who spent the better part of a decade b...
by Rupert
Wed May 23, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Financial and retirement issues associated w/ moving to Canada
Replies: 11
Views: 681

Re: Financial and retirement issues associated w/ moving to Canada

Wow! Thank you to all who have replied. This is extremely helpful and more complicated than I imagined. I am mid 50s and would like to continue to work. If I did move, it would be to get married to SO. Someone mentioned that the provinces have unique "rules." She lives in Vancouver BC, and I would ...
by Rupert
Wed May 23, 2018 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Parents with pre-K kids and 529 target
Replies: 29
Views: 1250

Re: Parents with pre-K kids and 529 target

How much should one be contributing annually to a 529 to make sure they can fully cover the cost of college? 10K per year? Depends on what college you're willing to pay for. Obviously community college costs less than Harvard. Here's what I do: I decided that my savings goal would be the total cost...
by Rupert
Wed May 23, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Parents with pre-K kids and 529 target
Replies: 29
Views: 1250

Re: Parents with pre-K kids and 529 target

You need a goal. Use a college cost calculator to come up with a number and an estimate of how much you need to save each year to reach that number. Then decide on how much of that number you want to hold in 529 accounts. If you get a state tax deduction for 529 contributions, you need to factor tha...
by Rupert
Tue May 22, 2018 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 52
Views: 4779

Re: Alzheimer's Disease, Long Term Care, and your Retirement Finances

Even those with the ability to self insure, a long tail yearly claim of 100,000 in today's dollars for 10 or more years is a very tough pill to swallow. That's why you have a health care POA. I saw first-hand how expensive it was for a loved one with dementia who spent the better part of a decade b...
by Rupert
Tue May 22, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: French hotel amenities...
Replies: 15
Views: 1068

Re: French hotel amenities...

I would not expect any of those items in a French hotel room (or hotel, in the case of the washer/dryer). That said, most hotels in large cities that cater to tourists, especially American tourists, will likely be able to provide whatever you need.
by Rupert
Tue May 22, 2018 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Difficulty with Parents-In-Law
Replies: 25
Views: 1334

Re: Difficulty with Parents-In-Law

Leave it alone. It's none of your business. If your spouse wants to pursue it, let her, but, otherwise, stay out of it.
by Rupert
Tue May 22, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Pregnant wife - HDHP
Replies: 9
Views: 871

Re: Pregnant wife - HDHP

Thanks everyone for all the helpful information. I forgot about the HSA tax savings to take into consideration. If the pregnancy spanned only this year, we would come out ahead with our HDHP since it's only about $500 more without accounting for the HSA tax savings that we max out. It's hard to est...
by Rupert
Tue May 22, 2018 9:52 am
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 93
Views: 3667

Re: How have you upgraded your wardrobe?

There's a fair bit of ground between Kohl's and Brooks Brothers/Ralph Lauren and another fair bit of ground between off-the-rack Brooks Brothers/Ralph Lauren and bespoke. What exactly is your goal? Are you trying to dress more stylishly, or are you simply trying to upgrade the quality of your clothi...
by Rupert
Mon May 21, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Converting property in to neighborhood park. Trust needed?
Replies: 20
Views: 1155

Re: Converting property in to neighborhood park. Trust needed?

Google "pocket park." That seems to be what you're aiming for, and they are becoming very popular in urban areas. At least in my municipality, "pocket parks" are exempt from most of the normal rules applicable to real parks, e.g., rules re public restroom availability, parking spaces, etc., and they...
by Rupert
Mon May 21, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: When should we stop contributing to our 529?
Replies: 18
Views: 1727

Re: When should we stop contributing to our 529?

You can't decide for your child what sort of education he might need/desire in 13 years time. You can only decide what and how much you're willing to pay for, taking into account your other life goals. You might, for example, aim to pay for 100% of your child's attendance at your state's flagship pu...
by Rupert
Mon May 21, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability Insurance
Replies: 6
Views: 358

Re: Long Term Disability Insurance

You need an individual policy that is portable, i.e., that you can take with you if you leave your present employment. Otherwise you're SOL if you lose your current job after developing some sort of medical condition that makes you un-insurable. Also, this statement "I'd have to be pretty significan...
by Rupert
Mon May 21, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Buying a Vacation Rental Property as an Investment
Replies: 53
Views: 3865

Re: Buying a Vacation Rental Property as an Investment

IF you do this make sure you have sufficient reserves to make the mortgage with little to no income for at least a year OR be willing to walk away from the property and allow the bank to foreclose. Only commit money you can afford to lose. Expect expenses to be at least 25% higher than what you est...
by Rupert
Sun May 20, 2018 2:46 pm
Forum: Personal Consumer Issues
Topic: Birmingham AL and Gainesville FL (?)
Replies: 7
Views: 788

Re: Birmingham AL and Gainesville FL (?)

Both of those places are going to be blistering hot in the summer. Which is best depends on whether you like beaches or hills. Personally, I'd choose Birmingham because it's possible to escape to the mountains from there. Birmingham is also a pretty cool town with a vibrant social/bar scene and lots...
by Rupert
Sun May 20, 2018 10:33 am
Forum: Personal Consumer Issues
Topic: Where to find movers for a couch?
Replies: 16
Views: 1075

Re: Where to find movers for a couch?

You can rent a truck from UHaul or a big-box store (Lowe's, Home Depot) for a short period of time for not very much money ($20 or so sometimes). Then ask your neighbors if they have or know a couple of strapping teenagers who'd like to earn a little extra money.
by Rupert
Fri May 18, 2018 3:09 pm
Forum: Personal Consumer Issues
Topic: Light or Dark House
Replies: 4
Views: 773

Re: Light or Dark House

If your black roof is nearing the end of its life, you might consider painting the house a color now that will coordinate with a lighter colored roof in the future. A lighter-colored roof would make a significant difference to the temperature in your home.
by Rupert
Fri May 18, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: vitamins and supplements
Replies: 11
Views: 829

Re: vitamins and supplements

You are completely wasting your money on all that stuff unless you have a diagnosed nutritional deficiency or are on some sort of super-restrictive diet.
by Rupert
Fri May 18, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Qualify for Obama care for a part of the year.
Replies: 24
Views: 716

Re: Qualify for Obama care for a part of the year.

Ugh! It seems my question is confusing. I am privileged to always have health coverage with work and I have very little information about otherwise. My questions should be: What should he do and what are his options? It seems like there are two things now, he could try to get on medicaid (I think t...
by Rupert
Fri May 18, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Basics
Replies: 23
Views: 1971

Re: Estate Planning Basics

Because you have minor children, I strongly advise you to consult an estate planning attorney to discuss your needs. Naming an elderly relative as the sole beneficiary of your financial accounts is a bad idea. What if she becomes incompetent (dementia, etc.) or dies suddenly shortly after you do? Th...
by Rupert
Thu May 17, 2018 1:32 pm
Forum: Personal Consumer Issues
Topic: Scholarships for elementary school education
Replies: 5
Views: 442

Re: Scholarships for elementary school education

My kids' school only offers aid in grades 6-12, which I think is a somewhat common practice among independent schools because of the fairly substantial increase in tuition between elementary school and middle/high school at many schools. The aid is need-based.
by Rupert
Thu May 17, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Gifts for Kids... 529? Savings Bonds? What's the best option?
Replies: 8
Views: 715

Re: Financial Gifts for Kids... 529? Savings Bonds? What's the best option?

Is a Treasury Direct Account Number and SSN required for Savings Bonds? If so, this is a no-go. A little bummed there isn't an easy/safe way to do this. Yes, unless you buy the bonds with your tax refund, and I'm not sure you can gift bonds with tax refunds (others will chime in to clarify if that'...
by Rupert
Thu May 17, 2018 11:45 am
Forum: Personal Consumer Issues
Topic: 2018 Yellowstone Trip advice needed
Replies: 20
Views: 1330

Re: 2018 Yellowstone Trip advice needed

My advice would be to fly into Jackson or Idaho Falls, Idaho...that six hour plus drive from SLC sounds miserable to me. I actually highly recommend that drive between Salt Lake and Yellowstone if you take the scenic route through the Bear Lake area. (That's the route that many locals would recomme...
by Rupert
Wed May 16, 2018 2:47 pm
Forum: Personal Consumer Issues
Topic: 2018 Yellowstone Trip advice needed
Replies: 20
Views: 1330

Re: 2018 Yellowstone Trip advice needed

I would keep those accommodations at Grant Village if I were you. That two hours can easily turn into 4 on a bad traffic day. Definitely do the geyser basins early in the mornings and search for less popular (but equally gorgeous) sites for later in the day. If you can hike, it's best to view the Gr...
by Rupert
Wed May 16, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't you rollover a retirement account into another one that you no longer work at?
Replies: 33
Views: 1733

Re: Why can't you rollover a retirement account into another one that you no longer work at?

Not sure why it matters that you can’t do a rollover from Job B to Job A. If you can’t, you can’t. I don't know about the OP, but I tend to be interested in not only knowing the rules, but also understanding the rationale behind the rules. Even if I cannot change them. It costs money/resources to h...
by Rupert
Wed May 16, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't you rollover a retirement account into another one that you no longer work at?
Replies: 33
Views: 1733

Re: Why can't you rollover a retirement account into another one that you no longer work at?

I don't know what IRA accounts are or what a Roth IRA is so I'm hesitant to rollover Job A and Job B's accounts into Job A's IRA. Job A's retirement is through Empower Retirement and Job B is called Milliman. Because if I did that...could I then rollover an IRA into a traditional 401K with Job C if...
by Rupert
Wed May 16, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: somebody is using our address
Replies: 45
Views: 4542

Re: somebody is using our address

Be careful what you do with strange packages. http://www.courant.com/breaking-news/hc-br-east-hartford-package-toss-20180509-story.html Police say a woman who threw out a package mistakenly sent to her home by the United States Postal Service, then denied receiving it, was arrested Tuesday on charg...
by Rupert
Wed May 16, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't you rollover a retirement account into another one that you no longer work at?
Replies: 33
Views: 1733

Re: Why can't you rollover a retirement account into another one that you no longer work at?

I don't know what IRA accounts are or what a Roth IRA is so I'm hesitant to rollover Job A and Job B's accounts into Job A's IRA. Job A's retirement is through Empower Retirement and Job B is called Milliman. Because if I did that...could I then rollover an IRA into a traditional 401K with Job C if...
by Rupert
Wed May 16, 2018 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Fellow non-529ers
Replies: 43
Views: 2859

Re: Fellow non-529ers

Don't 529 plans have limits to what you can choose and cause you some additional risk to funding it with taxable? I'm from Illinois by the way. Yes, you have to choose from the investments offered by the particular 529 plan you choose, but there aren't many truly bad 529 plans out there anymore. Mo...
by Rupert
Wed May 16, 2018 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Fellow non-529ers
Replies: 43
Views: 2859

Re: Fellow non-529ers

Regarding getting "slaughtered on taxes" when trying to withdraw excess funds - is it really that much worse than the taxes you'd pay in a taxable account? IIRC there is an additional 10% tax on capital gains when you withdraw for reasons other than school expenses, but there's also been years of t...
by Rupert
Wed May 16, 2018 11:37 am
Forum: Personal Finance (Not Investing)
Topic: somebody is using our address
Replies: 45
Views: 4542

Re: somebody is using our address

Also, perhaps someone knows: IS this some sort of "mail fraud", regardless of whether other crimes are being committed in conjunction with the false address? RM For it to be federal mail fraud under 18 USC 1341, there would have to be "other crimes . . . being committed in conjunction with the fals...
by Rupert
Wed May 16, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: somebody is using our address
Replies: 45
Views: 4542

Re: somebody is using our address

Notify your local Post Master, who should notify your local Postal Inspectors. The post office has its own law enforcement division to investigate precisely this sort of thing.
by Rupert
Wed May 16, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 5965

Re: Would you send your children to private school in my situation?

> my wife and I make over 900K per year So you can do whatever you want. High earners are often very ambitious for kids, want them to get into Harvard or wherever, and will do anything that might get them a leg up. The downside, I suppose, is that kids might grow up feeling superior, or might turn ...
by Rupert
Wed May 16, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Golden Handcuffs
Replies: 53
Views: 8425

Re: Golden Handcuffs

In your situation, I would remain in the safe job until my spouse started working again and the kids were a few years older. Then I would reconsider making a move. If the new job doesn't work out, leaving that job and re-entering the job market wouldn't be so painful with your wife working and provi...
by Rupert
Tue May 15, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: Car mileage, Fuel additives and other
Replies: 31
Views: 1420

Re: Car mileage, Fuel additives and other

None of you 55-60 mph folks drive in the left lane on the freeway, do you? If so, stay out! Not all of us care about getting optimal mpg. :happy Some of us call that the passing(only) lane. :D "Some of us"? All of us. It's actually the law in my state (and probably everywhere else). You only enter ...
by Rupert
Tue May 15, 2018 12:44 pm
Forum: Personal Consumer Issues
Topic: Medical billing and negotiated rates ?
Replies: 8
Views: 766

Re: Medical billing and negotiated rates ?

Yes, if there were a negotiated rate for the primary care visit, it would apply to you. This is one of the benefits of dental plans. Even if there is a low annual maximum benefit and you exceed it, you still get the negotiated rates. Of course, this is true only if the doctor/dentist is in the netw...
by Rupert
Tue May 15, 2018 10:46 am
Forum: Personal Consumer Issues
Topic: Any experience with Blue Apron?
Replies: 34
Views: 2574

Re: Any experience with Blue Apron?

I've used their competitor Hello Fresh. They also offer coupons for the first month or first delivery or something like that. So you might consider trying them after Blue Apron. I liked Hello Fresh. My family had gotten into a bit of a rut, making the same 10 dishes or so over and over again. Hello ...
by Rupert
Tue May 15, 2018 9:58 am
Forum: Personal Consumer Issues
Topic: Car mileage, Fuel additives and other
Replies: 31
Views: 1420

Re: Car mileage, Fuel additives and other

I commute a lot. Do fuel additives and Fuel injector cleaners increase the efficiency of machines? I dont know if this is worth the expense or does it make sense to add them regularly? if so how often? is the benefit so slight as to no justify the effort? I am already doing a few things to keep fue...
by Rupert
Tue May 15, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: keyless ignitions and carbon monoxide
Replies: 81
Views: 4326

Re: keyless ignitions and carbon monoxide

I am assuming most people that park in the garage don't need a key to get into the house...At least i Know i never lock the door that leads into the house from the garage. You might want to Google how to open a garage door that is shut by an opener. In short, it takes about 15 seconds... We always ...
by Rupert
Tue May 15, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Credit card with no credit history
Replies: 15
Views: 841

Re: Credit card with no credit history

gilgamesh wrote:
Tue May 15, 2018 9:14 am
Thank you all

https://www.annualcreditreport.com

This site is legit right?
Yes, that's the official free credit report site sanctioned by the federal government.
by Rupert
Tue May 15, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Credit card with no credit history
Replies: 15
Views: 841

Re: Credit card with no credit history

Often your own bank will issue you a credit card even if you have no credit history. That might be a place to start.
by Rupert
Tue May 15, 2018 7:53 am
Forum: Personal Consumer Issues
Topic: Ratio of car repair cost to car's value?
Replies: 17
Views: 1380

Re: Ratio of car repair cost to car's value?

I own that same car but with the automatic transmission. It's the first car I've owned that I actually love. But it's had some major problems, and I wish I had gotten rid of it about two years ago. How's your power steering system? Every component of my power steering system has been replaced at lea...
by Rupert
Mon May 14, 2018 4:18 pm
Forum: Personal Consumer Issues
Topic: keyless ignitions and carbon monoxide
Replies: 81
Views: 4326

Re: keyless ignitions and carbon monoxide

I have the keyless start on my car, and I love it. I don't understand how people can walk away with their car running. Pushing the button is just as easy to remember as turning the key and removing it before leaving the vehicle. +1 I wonder if anyone keeps stats on carbon monoxide deaths from peopl...
by Rupert
Mon May 14, 2018 11:12 am
Forum: Personal Consumer Issues
Topic: keyless ignitions and carbon monoxide
Replies: 81
Views: 4326

Re: keyless ignitions and carbon monoxide

I have the keyless start on my car, and I love it. I don't understand how people can walk away with their car running. Pushing the button is just as easy to remember as turning the key and removing it before leaving the vehicle. +1 I wonder if anyone keeps stats on carbon monoxide deaths from peopl...
by Rupert
Wed May 09, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Another Vehicle Question
Replies: 31
Views: 1598

Re: Another Vehicle Question

An $80,000 FORD? Are you kidding me?
by Rupert
Wed May 09, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: [Car accident claim exceeds coverage, send to collection agency?]
Replies: 67
Views: 4882

Re: [Car accident claim exceeds coverage, send to collection agency?]

There is no "debt" that can be collected from a negligence liability claim until there is a judgment from a court finding liability and damage. Did the at-fault insurance policy pay the other side an amount in excess of the policy and is trying to collect the difference from its insured? That makes...
by Rupert
Wed May 09, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: [Car accident claim exceeds coverage, send to collection agency?]
Replies: 67
Views: 4882

Re: [Car accident claim exceeds coverage, send to collection agency?]

I think sometimes people who have truly don’t understand the dilemma of the have nots. Personally, if I were the OP I would not waste a second with this until my 4 walls were set and stable. One of the problems of the have nots is that if they do get ahead this type of problem comes out of the wood...
by Rupert
Wed May 09, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: How to pass life insurance proceeds from my parents' second to die policy on to my children tax free?
Replies: 17
Views: 1064

Re: How to pass life insurance proceeds from my parents' second to die policy on to my children tax free?

My elderly parents have a $1MM second to die life insurance policy. They want the proceeds to go to their twelve grandchildren equally, so each grandchild would get $83,333. My four siblings and I (all in our 50s and 60s) are the beneficiaries of the policy. I guess they set it up this way so we fi...