Search found 726 matches

by Gnirk
Sun Feb 18, 2018 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Does the absence of need for a legacy affect your AA or SWR?
Replies: 24
Views: 1695

Re: Does the absence of need for a legacy affect your AA or SWR?

Yes, I hope to leave a modest inheritance of mid to high 6 figures for each of my daughters. They work hard, max out their 401Ks, contribute to a Roth when they can. That being said, they are single and self-supporting, and though they don’t expect an inheritance, I would like to leave them one. How...
by Gnirk
Sat Feb 17, 2018 2:00 am
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 6433

Re: How to get child's skin in the game for college?

Nothing wrong with expecting your DD to have skin in the game. Both my daughters were expected to contribute to their personal expenses by working during school breaks, and at times part-time while taking classes. They did very well in school, and With their father and I each paying 40%, and the DDs...
by Gnirk
Tue Feb 13, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Statement & Receipt Clearing - Help!
Replies: 42
Views: 2236

Re: Credit Card Statement & Receipt Clearing - Help!

I check my CC statement online every few days. Plus I have our CCs set up to notify by email any purchase over $1.00. BTW, this has alerted me to fraudulent charges three times.
by Gnirk
Mon Feb 12, 2018 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant not doing taxes while you are there
Replies: 21
Views: 2138

Re: Accountant not doing taxes while you are there

We are snowbirds, so I mail all of our documents to our accountant, along with a note anticipating our buy, sells, EE and iBond maturities that may affect next year’s taxes. This allows him to adjust our quarterlies, as necessary. CPA mails back our return, we approve it and he files it electronical...
by Gnirk
Sat Feb 10, 2018 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody else Age - 10 in bonds, rest in stocks
Replies: 116
Views: 10567

Re: Anybody else Age - 10 in bonds, rest in stocks

Retired. Age 73. Comfortable with 35% stocks, 55% bonds, 10% cash/CDs. I don't rebalance.
by Gnirk
Tue Feb 06, 2018 2:43 pm
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 261
Views: 14432

Re: For BHs who actually like cars - [what car do you drive every day?]

Him- 2011 Buick Enclave. Her-2015 Lexus RX350. On Sunny days either the 2005 Mercedes CLK 320 (30,000 Miles) or the 2005 Toyota Solara convertible (20,000Miles). He loves cars and is always looking.
by Gnirk
Tue Feb 06, 2018 1:46 am
Forum: Investing - Help with Personal Investments
Topic: Today was a Really Bad Day
Replies: 278
Views: 46439

Re: Today was a Really Bad Day

We're retired, and since we have no "new money" to add to our portfolios, these wild roller-coaster rides aren't much fun. Looks like we just have to hold tight and hang on! Today, I'm down 4% overall for my portfolio from the high, and at the high was only 38% equities.
by Gnirk
Sun Feb 04, 2018 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: I've never rebalanced - Can I do ok without it?
Replies: 35
Views: 4196

Re: I've never rebalanced - Can I do ok without it?

Not planning to rebalance, (over 90% of my portfolio is in taxable) but then I didn't have a high percentage to equities to begin with.
by Gnirk
Tue Jan 30, 2018 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Ameriprise :(
Replies: 37
Views: 4580

Re: Ameriprise :(

I, my husband, and my mom had accounts at Ameriprise. Then I started reading this forum, and contacted Vanguard, set up accounts, both brokerage and taxable Vanguard, and Vanguard took care of everything. We never had to even talk to Ameriprise. We also had Vanguard move our IRAs from Schwab to Vang...
by Gnirk
Mon Jan 29, 2018 5:03 pm
Forum: Personal Consumer Issues
Topic: what do/did you do with your evenings with a Toddler in winters ?
Replies: 63
Views: 3898

Re: what do/did you do with your evenings with a Toddler in winters ?

Make and play with Home-made play doh. Play appropriate-age games. Read books. ( lots of reading). Bedtime was 7:30...always. The only electronics we had was a tv, and I limited my kids to watching Sesame Street, Mister Rogers, and The Electric Company. No cartoons, no movies. Lots of age- appropria...
by Gnirk
Sun Jan 28, 2018 6:00 pm
Forum: Personal Consumer Issues
Topic: Survivor worries . . .
Replies: 14
Views: 2090

Re: Survivor worries . . .

We are 79 and 73. I am the younger. Although we have separate finances....second marriage...I do all of his finances and mine on-line. ( vanguard allows that with a form they have). If I end up alone, I will sell our homes and move closer to my children. I’m comfortable managing my finances, buying ...
by Gnirk
Sun Jan 28, 2018 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: The biggest problem in retirement is spending (not)
Replies: 118
Views: 10258

Re: The biggest problem in retirement is spending (not)

I don’t spend because I may need my investments to cover long term care. My mom needed LTC for 12 years, and one great Aunt needed it for 17 years, and another more than 20. All suffered from Alzheimer’s and had no other health issues. Similar experience - mother in law: 24 years of LTC due to stro...
by Gnirk
Sun Jan 28, 2018 12:11 am
Forum: Personal Finance (Not Investing)
Topic: The biggest problem in retirement is spending (not)
Replies: 118
Views: 10258

Re: The biggest problem in retirement is spending (not)

I don’t spend because I may need my investments to cover long term care. My mom needed LTC for 12 years, and one great Aunt needed it for 17 years, and another more than 20. All suffered from Alzheimer’s and had no other health issues.
by Gnirk
Fri Jan 26, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide how wealthy you really are?
Replies: 58
Views: 7939

Re: How do you decide how wealthy you really are?

Wealthy? No. Comfortable? Yes. Financial security for a fairly frugal person? Yes.
My investments will be there if I need long term care. If not, they will help my (single, self-supporting) daughters enjoy some financial security when they retire.
by Gnirk
Thu Jan 25, 2018 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: What will you do with your tax refund?
Replies: 46
Views: 2936

Re: What will you do with your tax refund?

What's a refund? :o
by Gnirk
Mon Jan 22, 2018 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 5943

Re: Should I buy a business or suck it up at a job(s) with a pension.

My husband owned his business, and “ freedom” wasn’t attained until the 25th year! Until then, it was 6 days a week. The old saying of “when the cat’s away, the mice will play” is very true. In most small businesses, you need to be there to oversee staff, make sure you aren’t losing money to employe...
by Gnirk
Sat Jan 20, 2018 1:06 am
Forum: Personal Finance (Not Investing)
Topic: Mother In Law's new boyfriend...
Replies: 28
Views: 3452

Re: Mother In Law's new boyfriend...

If his MIL has considerable assets, and her new boyfriend of 4 months, who has already moved in with her, has been divorced several times, has been living with his parents, and owns a business that is most likely failing...well, these are some red flags in my opinion. Was he living with his parents ...
by Gnirk
Wed Jan 17, 2018 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased mother's Financial Advisor wants $500+ to convert to bene IRA
Replies: 31
Views: 2599

Re: Deceased mother's Financial Advisor wants $500+ to convert to bene IRA

My mother had a $25,000 IRA at Chase. She left it to my brother anfd me. We had them set up an inherited IRA for each of us. I left it at Chase for several months, and then had Vanguard set up inherited Ira account and initiate the transfer. My brother left his at Chase.
by Gnirk
Tue Jan 16, 2018 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: mlp's Master Limited Partnerships
Replies: 26
Views: 1810

Re: mlp's Master Limited Partnerships

Owned EEP once, never again will I own a Master Limited Partnership.
by Gnirk
Mon Jan 15, 2018 9:50 pm
Forum: Personal Consumer Issues
Topic: TSA locks for luggage
Replies: 18
Views: 1389

Re: TSA locks for luggage

I use TSA locks not to prevent theft, but because I don't want the zipper on the bag to come open while in transit and have my stuff spill out all over the tarmac. I used to use zip ties for this purpose until some point when the TSA began cutting them off to inspect the contents and not replacing ...
by Gnirk
Tue Jan 09, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Overwhelmed with how to handle taxes on large inherited portfolio.
Replies: 24
Views: 1714

Re: Overwhelmed with how to handle taxes on large inherited portfolio.

We manage our own investments but have a CPA prepare our tax returns, for around $700.
by Gnirk
Mon Jan 08, 2018 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: When the rubber hits the road [Progressive Dementia thread with merged updates]
Replies: 106
Views: 8075

Re: The reality hits - my dementia update

Thank you for the update, and your courage in sharing. I also thank you for sharing your knowledge and financial wisdom for so many years on this forum. Enjoy your time with those grandchildren!
by Gnirk
Mon Jan 01, 2018 2:33 pm
Forum: Investing - Theory, News & General
Topic: Savings Bond Wizard to be eliminated 5/18
Replies: 45
Views: 4987

Re: Savings Bond Wizard to be eliminated 5/18

I've been using the on-line Treasury Direct Savings Bond Calculator for years. I had to initially add each bond to the site. However, once entered, you can then save it to your documents (at least on my Mac). Open it when you want to recalculate, enter the new valuation date, and it will calculate f...
by Gnirk
Mon Jan 01, 2018 2:36 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: No earned income, how do you pay tax for pensions, SS and RMDs
Replies: 43
Views: 3691

Re: Retirees: No earned income, how do you pay tax for pensions, SS and RMDs

We have taxes withheld from his SS, his RMD, my SS, my small pension, and my small RMD. Usually the total is enough to cover the taxes on interest, dividends, and capital gains as well. (90% of our investments are in taxable portfolios). However, this year we are also paying estimated taxes because ...
by Gnirk
Sun Dec 31, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 76
Views: 7187

Re: So, how was the year ? Gains made and Lessons learnt ?

Gain about 8% with a 37/60/3 AA
1% WR
Lesson learned: I can actually spend some money on wants, not just needs.
by Gnirk
Wed Dec 27, 2017 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Is it me or does everything seem expensive?
Replies: 47
Views: 5356

Re: Is it me or does everything seem expensive?

livesoft wrote:
Wed Dec 27, 2017 12:54 pm

Food is cheap. Gas is cheap. Housing has gone down in my area, so even my property taxes are less than in the past. Airfares seem to be ridiculously low, too.
Just the opposite for the first three, in our area.
by Gnirk
Sun Dec 24, 2017 6:28 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 428
Views: 33745

Re: What frugal thing did you do today?

My DH and I shared a Wendy's $4 meal deal. Exchanged the fries for chili, and I ate the chili and 2 of the pieces of chicken, and he enjoyed the bacon burger and 2 pieces of chicken, and the drink. (I drink water).
by Gnirk
Sat Dec 23, 2017 8:21 pm
Forum: Personal Consumer Issues
Topic: European Cities that don't interest you
Replies: 187
Views: 12110

Re: European Cities that don't interest you

livesoft wrote:
Sat Dec 23, 2017 6:48 pm
Paris
Rome
London
Munich
Paris

Ooops, those are my most favorite 5. I had to count Paris twice.
:thumbsup
Neuremberg, Budapest, Amsterdam, Vienna, Edinburgh, Avignon and the surrounding area....but I love history, art, and architecture.
by Gnirk
Fri Dec 22, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 21386

Re: Do you see a meaningful change in your income with new Tax Bill?

Retired, no debt, 90% of investments are in taxable accounts, take the standard deduction. A slight increase, maybe.
by Gnirk
Sat Dec 16, 2017 11:05 am
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 193
Views: 17329

Re: Save all this money, what do you splurge on?

DH really doesn’t believe in splurging. His goal is to leave a hefty legacy to his adult children, which they are counting on.
I, on the other hand, splurge on theater tickets with friends. I like the good seats, too.
by Gnirk
Fri Dec 15, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Assistance to Adult Child (health insurance)
Replies: 107
Views: 6001

Re: Financial Assistance to Adult Child (health insurance)

Welcome to my world. I don't know of any easy answer or solution. I have a similar situation with DH's daughter, who is 51 years old, in debt up to her eyeballs, cannot manage money in any way,, shape or form. DH has paid for her medical insurance in the past, and would again if needed, because she ...
by Gnirk
Tue Dec 12, 2017 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Should I file taxes w/o her?
Replies: 54
Views: 3972

Re: Should I file taxes w/o her?

We also have a great disparity in income, and I am the one with the less income. However, our CPA files our taxes Married Filing Jointly, and then also computes them individually-strictly informational. Each time I would have had a refund coming and DH would have had to pay significantly more taxes....
by Gnirk
Mon Dec 11, 2017 12:32 am
Forum: Investing - Help with Personal Investments
Topic: Fraud/401k sales and the elderly parent
Replies: 15
Views: 1954

Re: Fraud/401k sales and the elderly parent

You could move all of dad's money and house into a trust and you become the administrator of that trust. Check with an appropriate attorney. I am so very sorry about what has happened to your dad. Those who scam, in particular the elderly, are the scum of the earth. This is what I did with my mom's...
by Gnirk
Sun Dec 10, 2017 1:40 am
Forum: Personal Finance (Not Investing)
Topic: For those retired at least 10 years, what about the money?
Replies: 47
Views: 7257

Re: For those retired at least 10 years, what about the money?

We are in our 70’s. DH retired 11 years ago, no pension. We didn’t spend a lot before retirement and we don’t spend a lot now. 90% of our Investments are in taxable accounts and have grown, but we’re still frugal compared to our friends, and compared to what we could spend. DH is, or will be, paying...
by Gnirk
Wed Dec 06, 2017 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: House on the market less than a day. Did listing agent commit fraud?
Replies: 56
Views: 7271

Re: House on the market less than a day. Did listing agent commit fraud?

They may have received a cash offer, and accepted it. There are lots of those in the Seattle area. And in my neighborhood, an hour south of Seattle, some of the houses have sold the day they are listed because realtors have potential buyers waiting to buy. And my daughter who was in the market for a...
by Gnirk
Tue Dec 05, 2017 11:14 pm
Forum: Personal Consumer Issues
Topic: It's that time of year again... buying christmas gifts
Replies: 70
Views: 6184

Re: It's that time of year again... buying christmas gifts

[/quote] Very nice! Reading all these others posts about how to calibrate and budget for the vacuous "holiday spirit" materialistic spending on gifts for bosses, partners, and adults that have too much already was making me nauseous. People are starving to death and in desperate need every day and m...
by Gnirk
Tue Dec 05, 2017 7:01 pm
Forum: Personal Consumer Issues
Topic: carry on luggage, 4 wheel spinner or 2 wheel rollaboard?
Replies: 29
Views: 1903

Re: carry on luggage, 4 wheel spinner or 2 wheel rollaboard?

I find the 4 wheel spinners much easier on my back...I’m not dragging something behind me. And easier to walk with when you have a smaller bag on top of the 4 wheel than the 2 wheel.
by Gnirk
Sun Dec 03, 2017 11:24 pm
Forum: Personal Consumer Issues
Topic: It's that time of year again... buying christmas gifts
Replies: 70
Views: 6184

Re: It's that time of year again... buying christmas gifts

Guess I've never had an inner Scrooge, although I do stick to a budget for Christmas. Christmas has always been a big deal in my family....even when we had very little money, we always made it special with thoughtful, handmade gifts. I learned that from my grandparents and my parents. When I decorat...
by Gnirk
Tue Nov 28, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance question: Inheriting something you aren't supposed to sell
Replies: 22
Views: 2896

Re: Inheritance question: Inheriting something you aren't supposed to sell

We have that situation with a bunch of low-value collectibles (milk glass), early to mid 1900s brown furniture, antique non-microwavable / non-dishwashable china, and a ton of what's basically "curio cabinet clutter" that one of my parents sees as their legacy and wants to give to somebody who will...
by Gnirk
Tue Nov 28, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance question: Inheriting something you aren't supposed to sell
Replies: 22
Views: 2896

Re: Inheritance question: Inheriting something you aren't supposed to sell

Depending upon how the will is written, and your state laws, you may just be able to disclaim that portion of your inheritances, and your share will be split among your siblings. Discuss it with the estate attorney, or discuss it with your respective parents.
by Gnirk
Sat Nov 25, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 19219

Re: The fallacy of spending money on "experiences" vs hard assets

The older I get, the more “experiences”, be they theater, travel here or abroad, walking on a warm, sandy beach searching for shells, or eating my first lobster roll in Maine, mean far more to me than “things”. In fact, I’m trying to get rid of many of my things. I’m not the only one in my family or...
by Gnirk
Sat Nov 25, 2017 8:15 pm
Forum: Personal Consumer Issues
Topic: Etiquette question: going out to dinner with friends and how to split the bill
Replies: 86
Views: 5752

Re: Etiquette question: going out to dinner with friends and how to split the bill

We are not shy about politely requesting separate checks, and have never found it to be awkward or unwelcome.Often the other diners request separate checks before we do. Neither my husband nor I drink much alcohol, and we go to dinner with a couple who consistently order bottles of wine that cost $1...
by Gnirk
Sat Nov 25, 2017 1:28 pm
Forum: Personal Consumer Issues
Topic: Etiquette question: going out to dinner with friends and how to split the bill
Replies: 86
Views: 5752

Re: Etiquette question: going out to dinner with friends and how to split the bill

We have several couples with whom we go out to dinner frequently. We just ask the server for separate checks. No problem.
by Gnirk
Sat Nov 25, 2017 1:15 am
Forum: Personal Consumer Issues
Topic: Etiquette question: Paying for meals out & out of town guests
Replies: 79
Views: 5940

Re: Etiquette question: Paying for meals out & out of town guests

Whenever we are guests, we always treat our hosts to dinner out at least once, if not more. We have a snowbird home, and have several couples who stay a week or more with us every year. Most, but not all, of our guests treat us to dinner out. Those who don’t are as well off as we are, but have a ver...
by Gnirk
Wed Nov 22, 2017 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Disadvantages of Grandparents Owning 529 Accounts
Replies: 5
Views: 991

Re: Disadvantages of Grandparents Owning 529 Accounts

Yes, we signed over my husband’s ownership of the 529 to our granddaughter. Our story is sad, but true. The year before our oldest granddaughter was to start college, we found out her mother, the owner of the 529, had withdrawn and spent nearly everything in both of our granddaughters’ accounts to f...
by Gnirk
Tue Nov 21, 2017 3:06 pm
Forum: Personal Consumer Issues
Topic: Anyone "re-door" their kitchen cabinets?
Replies: 13
Views: 1696

Re: Anyone "re-door" their kitchen cabinets?

We just had our kitchen and guest bath cabinets professionally painted white, and I love the results. The paint contractor cleaned everything, applied a base coat, and then several finish coats using an epoxy paint in a soft finish (not glossy). They removed the doors and drawer fronts and set up a ...
by Gnirk
Mon Nov 20, 2017 9:34 pm
Forum: Investing - Theory, News & General
Topic: Valuation of EE Savings Bonds
Replies: 88
Views: 11950

Re: Valuation of EE Savings Bonds

I inherited a number of EE and I bonds. I entered them into the Treasury Direct website to calculate the value of the bonds and use those calculations to find their present value. Currently, the EE bonds are paying 4%, and the I bonds are paying 5.39%. At this point, I plan on keeping them until mat...
by Gnirk
Sun Nov 19, 2017 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 360k for an old man
Replies: 30
Views: 3326

Re: What to do with 360k for an old man

Your Grandpa is 89, and it's highly probable that his living and care costs will increase as he ages. In our area, memory care/nursing home costs run between $7,000 to $9,000 per month, and sometimes more. Keeping his cash in a high-yield savings account or a CD ladder is just fine, in my opinion. H...
by Gnirk
Sun Nov 12, 2017 11:01 pm
Forum: Personal Consumer Issues
Topic: Swedish Death Cleaning [De-clutter your home]
Replies: 63
Views: 7459

Re: Swedish Death Cleaning [De-clutter your home]

I'm sorry to say that this thread is full of heresy , as far as genealogists are concerned . We tend to collect anything related to relatives: photos, keepsakes, and memories. If you erase every clue as to your existence, we may not find you to include as part of the family. We can probably find yo...
by Gnirk
Sat Nov 11, 2017 2:14 pm
Forum: Personal Consumer Issues
Topic: Swedish Death Cleaning [De-clutter your home]
Replies: 63
Views: 7459

Re: Swedish Death Cleaning

I've been trying to "purge" so that my daughters won't have to go through what I went through when my mom passed away (5,000 square feet of mostly "good" stuff in a 2500 Square foot house). All of the family photos and memorabilia, dating back to the mid-1800's, went to my house until we could sort ...