Search found 220 matches

by Skiffy
Tue Aug 04, 2020 10:41 pm
Forum: Investing - Theory, News & General
Topic: What happens if you run out of money in retirement?
Replies: 125
Views: 11067

Re: What happens if you run out of money in retirement?

3 relatives are in this exact situation: over 85 and live on SS and small pensions. Assisted living, Medicaid, low income senior housing. Kids pay utilities. I think they thought they could live on SS, which they could 25+ years ago. Mostly medical expenses took any savings they had.
by Skiffy
Tue Aug 04, 2020 6:16 pm
Forum: Personal Consumer Issues
Topic: New house... replace toilets?
Replies: 25
Views: 1918

Re: New house... replace toilets?

We just replaced our 3 toilets which were 25+ years old. Put in comfort height and went from 3.5 to 1.4 gallons per flush. Went from builder grade to much better quality (Kohler). The water washes out bowl pretty good considering how much less water it uses.
by Skiffy
Mon Oct 21, 2019 7:39 am
Forum: Personal Finance (Not Investing)
Topic: vacation home
Replies: 21
Views: 3903

Re: vacation home

I’m surprised no one has brought up the liability issues of multiple owners. What happens if their is a divorce or lawsuit against one of the owners and the vacation home asset comes into play? And when your generation of ownership passes on, and next generation takes over I feel they won’t be on eq...
by Skiffy
Tue Aug 06, 2019 4:59 pm
Forum: Personal Consumer Issues
Topic: How many Years of Medical History/Records should a Patient Save?
Replies: 60
Views: 3495

Re: How many Years of Medical History/Records should a Patient Save?

Here is another reason to keep some of your medical records: dementia

MIL can not remember any of her surgeries, medications, dates, etc. for example she has taken many different blood pressure medicines, but now can’t remember which ones she can tolerate or which ones work!
by Skiffy
Sat Jul 06, 2019 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Elderly grandparents moving in with parents; what should they plan for?
Replies: 63
Views: 6075

Re: Elderly grandparents moving in with parents; what should they plan for?

From real life experience: weekly doctor appointments, hard transition especially for “memory problem” person, parents won’t be able to go anywhere together anymore, grandparents won’t ever get better just progressively worse, loss privacy and enjoyment in own home, like bad roommates that don’t car...
by Skiffy
Sat Mar 16, 2019 3:10 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads Whose Plans Failed: What did (do) you do?
Replies: 11
Views: 4365

Re: Bogleheads Whose Plans Failed: What did (do) you do?

Witnessing step-relatives in 80’s living on SS with some help (paying for utilities and errands) from their children. One lives in assisted living and is on Medicaid, one in senior housing with sliding scale rent, one lives at home with son living in basement. Worse case is dementia person living wi...
by Skiffy
Sun Oct 28, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming frugal
Replies: 81
Views: 11976

Re: Becoming frugal

In same vein as dm200, plan meals and use leftovers. Going out is for special occasions or a treat, not as a regular event. A frugal thing we’ve been doing (that I don’t recommend) is not going on any vacations. I also practice free exercise, walking instead of joining a gym. Keeping furniture long ...
by Skiffy
Thu Oct 18, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Helping out with early onset Alzheimer's
Replies: 15
Views: 1899

Re: Helping out with early onset Alzheimer's

See if you can find the 60 Minutes report where Dr. LaPook followed an early onset Alzheimer’s woman for I think 10 or 15 years. It really shows the heartbreaking deterioration both mentally and physically, and the toll it takes on caregivers.
by Skiffy
Sun Jul 29, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Declining Years
Replies: 22
Views: 4951

Re: Declining Years

After my spouse had to clean out the house of his mother with dementia, this discussion should be wider reaching than just financial. Sometimes at beginning stages of dementia you don’t recognize your own cognitive decline. Decision making becomes harder or impossible. Besides simplifying finances-s...
by Skiffy
Mon Jun 25, 2018 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing an old home in an old suburban area; to what old-house specific issues should I pay attention
Replies: 21
Views: 1701

Re: Purchasing an old home in an old suburban area; to what old-house specific issues should I pay attention

Drywall with asbestos. School district redistricting causing home values to go down.

Pretty sure the houses built 20-30 years ago will have more aging issues than ones you’re looking at.
by Skiffy
Tue May 29, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: How To Store Blue Rhino Tanks Safely
Replies: 35
Views: 3527

Re: How To Store Blue Rhino Tanks Safely

We witnessed an incident with a propane tank at MIL’s House. The hose had a leak so when lit the flames shot 4 or 5 feet up into air (on a wooden deck). We thought the tank might explode before gas ran out.
by Skiffy
Sun Apr 22, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Considering a 529 with limited time horizon
Replies: 6
Views: 1478

Re: Considering a 529 with limited time horizon

“Fair” for 3 kids may be difficult. What about scholarships? What about rising costs with 9 year spread? $100,000 May get oldest thru school whereas student loan for #3 (even at same school!). What if they are on 10 year plan - nephew just graduating from college next month after taking 10 years of ...
by Skiffy
Thu Mar 29, 2018 8:44 am
Forum: Personal Consumer Issues
Topic: Getting Furniture into a Basement
Replies: 41
Views: 8635

Re: Getting Furniture into a Basement

Can you remove a basement window and get furniture thru that way? That’s how they moved couches in my MIL’s bi-level.
by Skiffy
Fri Feb 23, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads: What are you doing to prepare for dementia/alzheimers?
Replies: 60
Views: 7348

Re: Bogleheads: What are you doing to prepare for dementia/alzheimers?

The trouble with developing dementia is you may not be self aware of decline and inability to make good decisions. MIL had to be removed (unwillingly) from her home, she forgot to eat, drink, bills unpaid etc. She still thinks she could live by herself, was diagnosed with dementia about a year ago. ...
by Skiffy
Sun Feb 11, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: what to look for when buying a flipped house
Replies: 27
Views: 3110

Re: what to look for when buying a flipped house

We live in a 25 year old house, 4 houses were built in a neighborhood with homes that are 70 years old. These houses are ripe with flippers, many one or two owner homes that have never been updated. Yellow toilet anyone? No master bath, only one bathroom, unfinished basements. Kitchens that are 70 y...
by Skiffy
Thu Jan 04, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Question on wills and advanced medical directives
Replies: 18
Views: 1609

Re: Question on wills and advanced medical directives

It sounds like both sets of parents are still alive? You will get some experience about decision making and the aging process. Our experiences have been (we’re 15 years older than you) moving Mom from independent apartment, to senior sliding scale rent, to nursing home then death; Dad accidental dea...
by Skiffy
Sun Aug 27, 2017 9:09 pm
Forum: Personal Consumer Issues
Topic: Amazon "subscribe and save"
Replies: 20
Views: 2150

Re: Amazon "subscribe and save"

We use subscribe and save for water filters for refrigerator, they were about $25 cheaper but I noticed the price has been creeping up, need to look around and compare prices.

Very handy for items that seem to be out of stock or unusual.
by Skiffy
Wed Jul 12, 2017 9:55 pm
Forum: Personal Consumer Issues
Topic: Seeking Advice - Broken Sprinkler System after Home Purchase
Replies: 28
Views: 3425

Re: Seeking Advice - Broken Sprinkler System after Home Purchase

We have found that the sprinkler needs work every spring and or summer, plus needs to be blown out or winterized every fall. If you want to save money you may as well figure out how things work and do repairs yourself.
by Skiffy
Mon Jul 03, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Childless couple - want siblings to inherit after we both go
Replies: 36
Views: 4420

Re: Childless couple - want siblings to inherit after we both go

Are you both wealthy enough not to run out of money if either or both end up in a nursing home?

And what do you want to happen if one of your siblings predeceasing you or your spouse? Things could get really complicated by ill health, dementia, etc
by Skiffy
Thu Jun 15, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 9369

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

I work for a small business owner who owns a house and adjacent business. Rents out the house and business pays rent. His biggest advantage is he is right there to monitor rental, and now that he is retiring has two income streams.
by Skiffy
Thu May 04, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: How much would you save if you don't have insurance?
Replies: 32
Views: 3466

Re: How much would you save if you don't have insurance?

Save no money. Have less than $2,000 in the bank. Go on Medicaid.
by Skiffy
Sun Apr 30, 2017 9:50 am
Forum: Personal Consumer Issues
Topic: Buy condo now, or wait a few years and then enter CCRC?
Replies: 26
Views: 3565

Re: Downsize now, or wait a few years and enter CCRC?

We've helped a few family members downsize. It is very hard to move, and I think the hardest thing to do is decide what to keep, donate and throw away. Moving to a smaller place forces you to choose. One health setback or a dementia diagnosis is all it takes for your family to "choose" for you. If y...
by Skiffy
Sat Nov 19, 2016 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house for your college kid?
Replies: 46
Views: 6106

Re: Would you buy a house for your college kid?

My sister and brother-in-law became unwilling landlords to their son after he dropped out of college after buying a place for him in a college town. Late rent and rent in arrears anyone? Finally got him out and they lost money on that deal.
by Skiffy
Sat Oct 01, 2016 2:20 pm
Forum: US Chapters
Topic: How Did You Become A Boglehead? What Led You Here?
Replies: 173
Views: 33160

Re: How Did You Become A Boglehead? What Led You Here?

My path to enlightenment- Suze Orman to opening a Roth IRA to Morningstar which led to Bogleheads.

Trying to encourage my kids to start about 20 years younger than I was.
by Skiffy
Mon Sep 19, 2016 9:36 pm
Forum: Personal Consumer Issues
Topic: The Bogleheads' "100 Things Worth Every Penny" List
Replies: 275
Views: 51979

Re: The Bogleheads' "100 Things Worth Every Penny" List

Can't believe no one has said high quality chocolate!
by Skiffy
Sat May 28, 2016 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can we inherit IRAs if not married?
Replies: 31
Views: 3531

Re: Can we inherit IRAs if not married?

Other things to consider, not just inheritance issues if you're not married--long term care, medical decisions (tell me you have poa's and medical poa's already set up?). My spouse and I have been dealing with relatives in their 80's (a short 10 years away!) with cognitive issues. This gets complica...
by Skiffy
Tue Feb 23, 2016 10:34 pm
Forum: Personal Investments
Topic: Please Help Me "Bounce the Last Check"
Replies: 39
Views: 6344

Re: Please Help Me "Bounce the Last Check"

My FIL died broke. Trouble was he was broke for quite a few years before he died. If you have kept good records, go back 30 years ago (after all that is your projected retirement time line) and look at what things cost. Medical costs, insurances, and utilities all had large increases over the years,...
by Skiffy
Sun Feb 21, 2016 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund spending assumption
Replies: 13
Views: 1491

Re: Emergency Fund spending assumption

I also think you have to look at the whole picture-do you have a "vehicle replacement and repair fund", and a "home repair and upkeep fund" and short and long term disability fund or insurance, etc. Ongoing medical expenses could end up messing with your carefully crafted emergency fund. So think wi...
by Skiffy
Sat Feb 06, 2016 2:26 pm
Forum: Investing - Theory, News & General
Topic: If SS covers expenses why invest?
Replies: 89
Views: 10143

Re: If SS covers expenses why invest?

Between step-sisters, in-laws, etc We are aware of 5 households of 80 year-olds trying to live on SS. They are poor. When they all retired at 62, they thought SS would be plenty to live on. But insurance, utilities and healthcare costs have increased dramatically. Some require assistance from their ...
by Skiffy
Thu Feb 04, 2016 11:19 pm
Forum: Personal Consumer Issues
Topic: Chicken rub
Replies: 34
Views: 3565

Re: Chicken rub

We like olive oil, garlic powder, chili powder, salt & pepper.
by Skiffy
Wed Jan 06, 2016 8:32 pm
Forum: Personal Consumer Issues
Topic: Help me loosen the purse strings: need an intervention
Replies: 36
Views: 4885

Re: Help me loosen the purse strings: need an intervention

Here is our experience-and while I laughed when reading the responses. We had the family over for Christmas Dinner. We carefully prepared a beautiful table, with the tabletop duck taped[ down! We hardly ever use the formal dining table, only a couple times a year. We can not find a new table we like...
by Skiffy
Mon Dec 14, 2015 10:35 am
Forum: Personal Consumer Issues
Topic: Paying Kids For Good Grades -- do you do it?
Replies: 131
Views: 11853

Re: Paying Kids For Good Grades -- do you do it?

Funny story-Dad promised our 5th grader if she got straight A's she could get a dog. She worked hard, did extra credit work, etc. Now, 15 years later, Mom and Dad have inherited the dog.
by Skiffy
Sat Aug 15, 2015 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Late starters: what age did you start investing?
Replies: 94
Views: 16304

Re: Late starters: what age did you start investing?

I started a Roth when I was 43. I was the low income spouse with no retirement in my name. I had worked part-time or for nonprofits with limited benefits.

I feel we might be the last generation that will get a pension (spouse) and have encouraged our children to start saving in their 20's.
by Skiffy
Fri Jul 10, 2015 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: In-laws not saving for retirement -- help!
Replies: 47
Views: 18304

Re: In-laws not saving for retirement -- help!

You didn't co-sign the loan?

I would second the suggestion NOT to start enabling, it will just delay the their making hard choices.

Our family is not the sort to get into each other's business, maybe your family is?
by Skiffy
Mon Jun 29, 2015 4:07 pm
Forum: Personal Consumer Issues
Topic: Updated - Propane Oven Makes Me Sick - Repair or Buy New?
Replies: 35
Views: 4529

Re: Propane Oven Makes Me Sick

Plumbers are also pipe fitters, so for the price of a service call you could find out if you have a leak and get it fixed!
by Skiffy
Wed Jun 03, 2015 7:39 pm
Forum: Personal Consumer Issues
Topic: Perpetual Travelling
Replies: 80
Views: 19288

Re: Perpetual Travelling

My sister, who is a nurse, would quite frequently would have a "perpetual traveler" admitted to the hospital. They faced a lot of difficulty after they were discharged-couldn't drive their RV, couldn't fly, where to recuperate ? What doctor? Just something to think about
by Skiffy
Sat May 30, 2015 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Ideal Benefits Package?
Replies: 6
Views: 1707

Re: Ideal Benefits Package?

I've worked for several small companies over he years and none of them could afford to offer health insurance! One offered a cafeteria plan where employees could pay for their own Heath Ins. tax free (employees could have p/y deductions tax free and the employer could add $ to the pot).
by Skiffy
Sat May 30, 2015 5:29 pm
Forum: Personal Consumer Issues
Topic: .
Replies: 18
Views: 5467

Re: Kitchen and Living/Family Room Flooring

Hardwood floors can be sanded and refinished including staining a couple times extending its life by many years. Yes the're expensive but if you're planning to stay awhile more durable than many choices.
by Skiffy
Sat Apr 25, 2015 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Your experiences of high inflation periods
Replies: 60
Views: 5994

Re: Your experiences of high inflation periods

I was going to college in the late 70's and lived off the interest on a CD that was paying 17-18% interest!
by Skiffy
Wed Apr 22, 2015 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Does your family know about your net worth (ball park)?
Replies: 98
Views: 21064

Re: Does your family know about your net worth (ball park)?

We're finding out more and more as all the 80 years old's are trying to live on social security, or have run thru any money they have saved. Otherwise any financial news is a big secret our families. I'm trying to be more open with our kids who are in their 20's.
by Skiffy
Tue Apr 21, 2015 7:52 pm
Forum: Personal Consumer Issues
Topic: New Water Heater
Replies: 42
Views: 7169

Re: New Water Heater

Beginning in July, or when they run out of old ones, new more efficient water heaters will be required. By "new" I mean more expensive and untested. They are wider and taller than present models, so if your WH is in a tight spot you may want to replace asap.
by Skiffy
Sun Apr 19, 2015 8:55 pm
Forum: Personal Consumer Issues
Topic: Car for teenager
Replies: 52
Views: 5906

Re: Car for teenager

Go to the high school at the last bell and watch how the high school students drive. It is scary. I think they have added more restrictions than when our kids were in high school, grades etc to get a parking spot. The kids inherited our old, boring, safe cars. We always felt the parents should have ...
by Skiffy
Mon Apr 13, 2015 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs Buy
Replies: 11
Views: 2043

Re: Rent vs Buy

If you rent, will the owners want your wife to "dig in the dirt"?
by Skiffy
Tue Apr 07, 2015 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 141
Views: 29161

Re: Family member asking for money

I always read these threads with great interest. I think it comes down to "family culture". In both my family and my spouse's family, each family unit is on their own. We don't get in each other's business, financial or othewise. This includes parents and kids barely scraping buy. Each has to live o...
by Skiffy
Sun Feb 15, 2015 3:14 pm
Forum: Personal Consumer Issues
Topic: Genealogy
Replies: 72
Views: 7780

Re: Genealogy

This is a good idea-before the generation that can I'd pics and names are gone. We have found that some of the older ones are developing dementia, so when you ask them questions they will make something up to fill in the blanks. So the more you can flesh out with actual dates, and verifiable informa...
by Skiffy
Sun Jan 04, 2015 3:34 pm
Forum: Personal Consumer Issues
Topic: Paper Statements
Replies: 68
Views: 5737

Re: Paper Statements

We do not get paper statements, but we do print off year end statements for our files. What my concern is what happens when all of us "paperless" people get demnsia or die? No paper statements (if like FIL last 30 years of statements and misc. paperwork) In fact the kids don't have access to our ema...
by Skiffy
Wed Dec 03, 2014 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Exemptions - W4 Withholding Allowances
Replies: 7
Views: 1648

Re: Tax Exemptions - W4 Withholding Allowances

If you go to the irs.gov website and pull up Publication 15. Then look at your current paycheck figure out by changing your withholding how much more or less over the year will be taken out. You may want to wait until filing your taxes for this year then seeing if you will get a refund if you can cl...
by Skiffy
Sun Nov 16, 2014 3:30 pm
Forum: Personal Consumer Issues
Topic: Recommend good fantasy (alternative history) book?
Replies: 13
Views: 2051

Re: Recommend good fantasy (alternative history) book?

My son and I like "Dies the Fire" by S.M. Sirling. It is the first book in a series that goes on for many generations. The premise was what would happen if technology stopped working. After about 5 books I lost interest, but my son kept going, I think 10 or12 books.
by Skiffy
Mon Nov 10, 2014 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance/Retirement Planning Question
Replies: 25
Views: 2749

Re: Inheritance/Retirement Planning Question

This question reminds me of (I think? Correct me if I'm wrong) the book The Millionaire Next Door. Where adult kids don't save any money because of annual gifts or support from their parents. I think you should not expect anything and be independent. You're making a good living-save some of it!
by Skiffy
Mon Nov 03, 2014 10:52 pm
Forum: Personal Consumer Issues
Topic: Ashley Furniture
Replies: 42
Views: 24583

Re: Ashley Furniture

We bought family room furniture last year from Ashley's. The dog and cat scratched up the "pleather" furniture. The wood furniture (3 pieces) had the veneer separate from shelves and front. In other words we aren't that happy with the quality. Maybe you won't be so hard on it as we have been.