Search found 3286 matches

by Rupert
Sat Jul 21, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Term Insurance Recommendations w/Pre-existing?
Replies: 4
Views: 353

Re: Term Insurance Recommendations w/Pre-existing?

It's not impossible to get term life with a Parkinson's diagnosis, but it's not easy. Your age and the stage of disease you're in at the time of application will be important. Term life is expensive for someone at retirement age (assuming you aren't an early retiree) even without a Parkinson's diagn...
by Rupert
Sat Jul 21, 2018 10:04 am
Forum: Personal Consumer Issues
Topic: Good places to visit within 4-5 hr drive from Atlanta
Replies: 29
Views: 1895

Re: Good places to visit within 4-5 hr drive from Atlanta

The best BBQ in Georgia is Fresh Air BBQ about an hour south of Atlanta, down I-75. Take the Griffin/Jackson exit off the interstate. Visit High Falls State Park and Indian Springs State Park while you're in the neighborhood.
by Rupert
Sat Jul 21, 2018 8:40 am
Forum: Personal Consumer Issues
Topic: House foundation repair with Helical Piers - urgent request
Replies: 22
Views: 1358

Re: House foundation repair with Helical Piers - urgent request

It sounds like repairs were done, but why is house up for sale so quickly after they were done? What does your sons attorney say? He does not have an attorney, working with a buyer's agent, whatever that means. They had bought the house in 2016. I am guessing when they decided to sell (i think they...
by Rupert
Sat Jul 21, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: Ashley furniture experience? 2000 dollars for 13x8x8 sectional
Replies: 33
Views: 2606

Re: Ashley furniture experience? 2000 dollars for 13x8x8 sectional

Ashley furniture is lower end, comparable to Rooms to Go, better than Walmart. I would buy tables or shelving units there, but I wouldn't purchase a piece of furniture that will take heavy abuse, such as a sofa, there. You can spend a little more and move up into the Pottery Barn, West Elm, etc., cl...
by Rupert
Fri Jul 20, 2018 4:27 pm
Forum: Personal Consumer Issues
Topic: Wine chiller
Replies: 11
Views: 731

Re: Wine chiller

The freezer? That's what I do.
by Rupert
Fri Jul 20, 2018 1:38 pm
Forum: Personal Consumer Issues
Topic: State Farm - safe driving discount ??
Replies: 21
Views: 817

Re: State Farm - safe driving discount ??

We’ve been pretty pleased with the discount and don’t have the “Big Brother” concerns of others . . . I suspect, for some who raise that concern, it’s fashionable to talk about privacy when the reality is they know their driving style is problematic and would be made apparent to the insurance compa...
by Rupert
Fri Jul 20, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off share of children's student loans with house or stay?
Replies: 17
Views: 719

Re: Paying off share of children's student loans with house or stay?

Yes Rupert you're correct it was in our divorce agreement. My ex has 60 days from closing of house to secure a private loan and pay me off for his share of the student loans or his share goes towards the student loans. So in your opinion best to sell and stop the interest versus staying? My neighbo...
by Rupert
Fri Jul 20, 2018 12:29 pm
Forum: Personal Consumer Issues
Topic: Fence question
Replies: 18
Views: 1526

Re: Fence question

I got more info and we can put the fence on the property line. One complete side has a neighbor's fence setback one foot, and about 15 feet of the rear has a different neighbor's fence also with a one foot setback. No other fences currently. I am thinking of having it at the property line but the 1...
by Rupert
Fri Jul 20, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off share of children's student loans with house or stay?
Replies: 17
Views: 719

Re: Paying off share of children's student loans with house or stay?

Your situation is complicated. Do you mind if I ask if the house ownership issue (husband owning part) and the parental student loans came about as a consequence of a divorce settlement? If so, it makes a lot more sense. I think the advice to sell the house to pay down the student loans (which also ...
by Rupert
Fri Jul 20, 2018 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 126
Views: 8698

Re: Should I Dump a Pile of Money on Young Son?

I don't know OP's son. And I stated very plainly in my post above (not immediately above, read higher) that I was speaking generally from my own life experience. I believe giving lots of money to young people, in general, is a bad idea. Most estate planning lawyers agree with me. There are other way...
by Rupert
Fri Jul 20, 2018 11:20 am
Forum: Personal Consumer Issues
Topic: State Farm - safe driving discount ??
Replies: 21
Views: 817

Re: State Farm - safe driving discount ??

If you really are a good driver, it can save you money. It monitors all sorts of stuff though, e.g., if you speed, how hard you brake. Personally, the Big Brother aspect of it gives me the willies, and I wouldn't do it for that reason alone.
by Rupert
Fri Jul 20, 2018 11:17 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) rollover question
Replies: 11
Views: 430

Re: 401(k) rollover question

You say the existing traditional IRA was funded with after-tax money. I’m curious why you would do that. You got no tax break for the contributions and growth will be taxed as ordinary income when withdrawn. I opened a tIRA last week just so I could start the rollover process and funded it with $50...
by Rupert
Fri Jul 20, 2018 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 126
Views: 8698

Re: Should I Dump a Pile of Money on Young Son?

letsgobobby wrote:
Fri Jul 20, 2018 11:06 am

Does money always change everybody?
No, but compare the secretary who accumulates millions over time to the typical lottery winner.
by Rupert
Fri Jul 20, 2018 10:54 am
Forum: Personal Consumer Issues
Topic: Good places to visit within 4-5 hr drive from Atlanta
Replies: 29
Views: 1895

Re: Good places to visit within 4-5 hr drive from Atlanta

I would add Chattanooga, Birmingham, and Huntsville to the list. Chattanooga has a lot to offer for outdoors enthusiasts. But your kids are old enough to appreciate the Civil Rights museums and monuments in Montgomery and Birmingham. That's important but pretty heavy stuff. I'd combine that trip wit...
by Rupert
Fri Jul 20, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 126
Views: 8698

Re: Should I Dump a Pile of Money on Young Son?

I would absolutely feel comfortable giving the son you described this money. He has already shown that he is a responsible adult. I would offer to discuss how he should handle the money, but I would ultimately leave choices up to him. +1 Or you could gift him yearly the the max limit before it gets...
by Rupert
Fri Jul 20, 2018 10:20 am
Forum: Personal Consumer Issues
Topic: Fake IRS calls - anybody care?
Replies: 59
Views: 2797

Re: Fake IRS calls - anybody care?

Doom&Gloom wrote:
Fri Jul 20, 2018 10:19 am
I miss the calls from Rachel from Card Services. It must have been something I didn't say. She called so often that I think she was sweet on me.
Rachel calls herself something else now, Courtney or Brittany or something like that. She was Leslie for a while.
by Rupert
Fri Jul 20, 2018 10:17 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) rollover question
Replies: 11
Views: 430

Re: 401(k) rollover question

You can do it -- mix the two. But you have to keep up with the basis going forward. This may or may not be a hassle for you. Personally, I like to keep things simple. It's not a big deal just to open another IRA at Vanguard to hold the pre-tax funds. (Edited to add this link that may help you: https...
by Rupert
Fri Jul 20, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 140
Views: 9106

Re: Why own a bed?

Is there a thread that helps me decide whether it is worth spending a dollar on a kitchen sponge when there are cheaper ones available on Amazon? :beer Did you not see the really long thread on kitchen sponges last year? Never use a kitchen sponge! The things are chock full of deadly bacteria. :beer
by Rupert
Fri Jul 20, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) rollover question
Replies: 11
Views: 430

Re: 401(k) rollover question

The benefits guy at work is right. Open a new, rollover IRA for those funds. You could also just leave the money where it is or roll it into your new employer's plan. If you think you might ever need to do a backdoor Roth IRA, it's better not to have any tIRAs at all.
by Rupert
Fri Jul 20, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: Fake IRS calls - anybody care?
Replies: 59
Views: 2797

Re: Fake IRS calls - anybody care?

midareff wrote:
Fri Jul 20, 2018 9:54 am
LOL, they said the police would be coming out to arrest me as I broke out laughing.
That is funny. Just fyi, everybody: The police do not call you to tell you they are coming to arrest you.
by Rupert
Fri Jul 20, 2018 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 126
Views: 8698

Re: Should I Dump a Pile of Money on Young Son?

No you should not dump a pile of money on your young son. He's doing great, and you might ruin him with it. The wrong sorts of people may become attracted to him (they seem to be able to smell money on a person). See an estate planning lawyer for help in preserving and protecting that money for you...
by Rupert
Fri Jul 20, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 126
Views: 8698

Re: Should I Dump a Pile of Money on Young Son?

Don’t give him the whole amount. How about 20k every 5 or so years to make things easier. Off to give him a downpayment tp a house when he becomes seriously interested. Keep the bulk for yourself in case of medical emergency. +1. This is what I would do -- gift it to him annually over time, help wi...
by Rupert
Fri Jul 20, 2018 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 126
Views: 8698

Re: Should I Dump a Pile of Money on Young Son?

No you should not dump a pile of money on your young son. He's doing great, and you might ruin him with it. The wrong sorts of people may become attracted to him (they seem to be able to smell money on a person). See an estate planning lawyer for help in preserving and protecting that money for your...
by Rupert
Fri Jul 20, 2018 7:03 am
Forum: Personal Consumer Issues
Topic: Need Help Evaluating HVAC Needs and Quotes
Replies: 21
Views: 1748

Re: Need Help Evaluating HVAC Needs and Quotes

Thank you all for your help.
by Rupert
Fri Jul 20, 2018 6:55 am
Forum: Personal Consumer Issues
Topic: Planning a trip to France in June 2019 - ADvice ?
Replies: 17
Views: 1008

Re: Planning a trip to France in June 2019 - ADvice ?

If you like wine, old crumbly castles, and an active vacation, e.g., kayaking, etc., try the Dordogne. It's full of British tourists and ex-pats, but there's a good reason for that. I'm also very fond of Alsace, including Strasbourg and Colmar, which is a very picturesque (and German) part of the co...
by Rupert
Thu Jul 19, 2018 5:02 pm
Forum: Personal Consumer Issues
Topic: Possible Knob & Tube in an older home.
Replies: 29
Views: 2320

Re: Possible Knob & Tube in an older home.

Unfortunately I have no idea how to discern wether or not it looks like it has been totally rewired or not. I'm really ignorant about that stuff! I can tell you that most people have looked at (what I think is) the breaker box and said "I would be really surprised if there was any knob and tube" bu...
by Rupert
Thu Jul 19, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Two Questions - College Tuition Payments
Replies: 11
Views: 1003

Re: Two Questions - College Tuition Payments

1. how much is a "little higher"? What has been the college's recent history with tuition increases? (note, that this deal only covers tuition, so fees and housing and food will continue to increase.) You definitely want to look at the pattern of tuition increases going back ten years or more if po...
by Rupert
Thu Jul 19, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Job vs term life insurance
Replies: 6
Views: 400

Re: Job vs term life insurance

Your work-provided insurance probably is term insurance. So you are making a false distinction between what you call "job insurance" and term insurance. The term is the length of your employment, as opposed to a set number of years. Work-provided term insurance is usually more expensive, not less ex...
by Rupert
Thu Jul 19, 2018 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - Have Existing tIRA - Now what?
Replies: 4
Views: 359

Re: Backdoor Roth - Have Existing tIRA - Now what?

Hi folks, I have always rolled over previous employer's 401k/Roth 401k money into tIRA and Roth IRAs so I could better manage the funds I am invested in, I didn't know the pro-rata rule of Roth conversions :oops: Because of that, I have a sizable chunk of my retirement money and my wife's in tIRAs ...
by Rupert
Thu Jul 19, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Semi-Retire by 40-45, possible/realistic?
Replies: 21
Views: 3462

Re: Semi-Retire by 40-45, possible/realistic?

Kids are going to change your lives so drastically in ways that you cannot now anticipate that I think it would be foolish to make plans like the plans you are proposing before you actually have the kids. Yes, theoretically, you can raise children very cheaply, but, in reality, expensive stuff happe...
by Rupert
Thu Jul 19, 2018 9:59 am
Forum: Personal Consumer Issues
Topic: Planning a trip to France in June 2019 - ADvice ?
Replies: 17
Views: 1008

Re: Planning a trip to France in June 2019 - ADvice ?

Do any of you speak French? That might make a difference on the side trips that people recommend.
by Rupert
Thu Jul 19, 2018 7:31 am
Forum: Personal Finance (Not Investing)
Topic: 403B Coal Raking! Help!
Replies: 18
Views: 1876

Re: 403B Coal Raking! Help!

OP, state law is not going to be relevant re whether you can transfer money out of your wife's 403b plan. That is going to be governed by federal law (DOL and IRS regs) plus the plan document that governs the plan. There used to be some weird rules that applied to 403b plans, the availability of 90-...
by Rupert
Wed Jul 18, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford private high school?
Replies: 20
Views: 1453

Re: Can I afford private high school?

I was curious about the $30K house maintenance too. What does that figure include? Insurance and all utility payments? Yard maintenance? Seems you could create some substantial savings there.
by Rupert
Wed Jul 18, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: 403B Coal Raking! Help!
Replies: 18
Views: 1876

Re: 403B Coal Raking! Help!

It's not even a case that it's unlikely that a plan will allow rollovers out. The LAW prohibits in-service distribution of employee deferrals or Roth contributions before age 59-1/2. I think he's talking about a rollover/transfer, as opposed to a distribution. There used to be a way to do that in s...
by Rupert
Wed Jul 18, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford private high school?
Replies: 20
Views: 1453

Re: Can I afford private school?

Just high school? So four years? You can probably swing it for four years if you use the $65,000, cease discretionary saving, and slash your other expenses. I suppose you could also take equity out of your home to pay for it. Keep in mind that tuition will go up every year, and "tuition" typically d...
by Rupert
Wed Jul 18, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Selling mom's house
Replies: 50
Views: 3765

Re: Selling mom's house

My sister has told my brother that if she cannot by this house, then it will be a cold day in heck before we get her out because she isn't going anywhere. What recourse do we have if she refuses to leave? Sorry for rambling and the log post. The executor can sell the house out from under her, parti...
by Rupert
Wed Jul 18, 2018 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Current Situation
Replies: 10
Views: 831

Re: Help with Current Situation

Do you mind if I ask how one accumulates only $4.61 in an employer-sponsored retirement plan?
by Rupert
Wed Jul 18, 2018 2:21 pm
Forum: Personal Consumer Issues
Topic: Need Help Evaluating HVAC Needs and Quotes
Replies: 21
Views: 1748

Re: Need Help Evaluating HVAC Needs and Quotes

The flip side, however, is the fact that the a/c industry as a whole tends to attract a lot of poorly trained and downright incompetent contractors, so while Trane, Lennox and Carrier's requirements eliminate the above issues, you can still easily end up with an incompetent technician. +1. See, for...
by Rupert
Wed Jul 18, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Wills
Replies: 54
Views: 2783

Re: Wills

The state always sends to the spouse first and then the kids. Unless you are giving to somebody else those rules make pretty good sense for the majority of people. If you have all of your accounts in TODs (you can split a checking account into multiple people) and beneficiaries on most everything e...
by Rupert
Wed Jul 18, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Rollover 401k to which institution?
Replies: 9
Views: 535

Re: Rollover 401k to which institution?

Can't say for sure without knowing more about the new plan -- fees, investment options, etc. Rolling into an IRA could affect your ability to do a backdoor Roth IRA in the future and IRAs offer less creditor protection than employer-sponsored plans. Leaving it in the old employer's plan is also an o...
by Rupert
Wed Jul 18, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: 403B Coal Raking! Help!
Replies: 18
Views: 1876

Re: 403B Coal Raking! Help!

403bs are regulated by the IRS and DOL (Dept of Labor). So it doesn't matter what Wisconsin says. You can't just pick your own provider. The plan has to have a contract, a plan document, with the provider. It's required by federal rules. I'm doubtful a plan would allow her to roll funds out of the p...
by Rupert
Wed Jul 18, 2018 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard's Small Business Retirement Plans
Replies: 2
Views: 197

Re: Vanguard's Small Business Retirement Plans

I haven't used the Vanguard plan, but I did talk to them when shopping for a new plan for my company (also a small non-profit). They weren't interested in our plan at all. They wouldn't even respond to our RFP (request for proposal). (Edited to add: Our plan had more than $1 million but less than $2...
by Rupert
Wed Jul 18, 2018 7:28 am
Forum: Personal Consumer Issues
Topic: Need Help Evaluating HVAC Needs and Quotes
Replies: 21
Views: 1748

Re: Need Help Evaluating HVAC Needs and Quotes

Thank you all for your help. Yesterday I found an old-school HVAC repair guy who was magically able to fix my old system, at least temporarily. He agrees that it is on its last legs, but it should get me through this summer season and into the fall. He recommended replacing the unit with another co...
by Rupert
Wed Jul 18, 2018 6:44 am
Forum: Personal Consumer Issues
Topic: Need Help Evaluating HVAC Needs and Quotes
Replies: 21
Views: 1748

Re: Need Help Evaluating HVAC Needs and Quotes

Thank you all for your help. Yesterday I found an old-school HVAC repair guy who was magically able to fix my old system, at least temporarily. He agrees that it is on its last legs, but it should get me through this summer season and into the fall. He recommended replacing the unit with another com...
by Rupert
Tue Jul 17, 2018 4:33 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Day 2018
Replies: 88
Views: 9623

Re: Amazon Prime Day 2018

The deals are totally random, I think. I saved $5 yesterday on a USB wall charger that I needed and had been on my wishlist for a few months. This morning Amazon sent me a notice that another item on my wishlist, some noise-cancelling headphones that had been on my list for almost a year, were $75 ...
by Rupert
Tue Jul 17, 2018 1:42 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Day 2018
Replies: 88
Views: 9623

Re: Amazon Prime Day 2018

The deals are totally random, I think. I saved $5 yesterday on a USB wall charger that I needed and had been on my wishlist for a few months. This morning Amazon sent me a notice that another item on my wishlist, some noise-cancelling headphones that had been on my list for almost a year, were $75 ...
by Rupert
Tue Jul 17, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions for accounts for minor children?
Replies: 2
Views: 219

Re: Suggestions for accounts for minor children?

I'm interested in this topic as well and think my question is similar enough to OP's that I won't hijack the thread. I'm interested in setting up on-line savings accounts for my kids, but I want to keep things as simple as possible. To that end, I'd like to avoid custodial accounts, and I'd like to ...
by Rupert
Tue Jul 17, 2018 9:45 am
Forum: Personal Consumer Issues
Topic: Need Help Evaluating HVAC Needs and Quotes
Replies: 21
Views: 1748

Need Help Evaluating HVAC Needs and Quotes

Background: I have an approximately 100-year-old, 1.5 story bungalow on the Gulf Coast. Most living occurs on the first floor of the home. In the 1960s, some of the home's attic space was converted to living space. The result was a single barbell-shaped room (two open spaces at the gables connected ...
by Rupert
Tue Jul 17, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: HSA (or PPO) and a baby
Replies: 16
Views: 1050

Re: HSA (or PPO) and a baby

Are there any scenarios where an HSA doesn't make sense? Every thread I see looks like a no-brainer. I plan to make the switch next year. The NY Times had a really good article about comparing plans last fall. Yes. PPOs often have much lower deductibles and broader provider networks. PPOs also ofte...
by Rupert
Tue Jul 17, 2018 7:25 am
Forum: Personal Consumer Issues
Topic: Amazon Prime Day 2018
Replies: 88
Views: 9623

Re: Amazon Prime Day 2018

The deals are totally random, I think. I saved $5 yesterday on a USB wall charger that I needed and had been on my wishlist for a few months. This morning Amazon sent me a notice that another item on my wishlist, some noise-cancelling headphones that had been on my list for almost a year, were $75 o...