Search found 761 matches

by Gnirk
Sat May 19, 2018 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 85
Views: 5083

Re: Helping Adult Children (but not too much)

I have helped my adult children when they needed it- mostly involving job layoffs, when I’ve paid their medical insurance, helped with replacing an aging and barely working computer, etc. I also disclaimed a portion of an inheritance so that portion went directly to them, which they invested. They a...
by Gnirk
Sat May 19, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 17
Views: 1725

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. Yes, that’s very true. I speak from experience; my mom suffered from Alzheimer’s for 12 years, 8 of those years in a private care home specializin...
by Gnirk
Sat May 19, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 17
Views: 1725

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

My planning takes into consideration the probable need for LTC and the possibility I may have AD and require care at some point. I’m still fairly frugal, and I’m of the mind my investments are there to take care of these possibilities, and whatever, if anything, is left will be my daughters’ inherit...
by Gnirk
Thu May 17, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Financial Gifts for Kids... 529? Savings Bonds? What's the best option?
Replies: 8
Views: 700

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

You asked if there is a guarantee that parents won’t spend money gifted to children. From personal experience, there is no guarantee the parent(s) will be good custodians of the monetary gifts, although MOST parents probably are. My DH funded his grandchildren’s 529 accounts, with the parents as own...
by Gnirk
Tue May 15, 2018 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Bringing individual assets into joint account
Replies: 27
Views: 994

Re: Bringing individual assets into joint account

I have a large taxable account in my name only. It is money that I received as an inheritance. If I predecease my husband, It is important to me that this inheritance be handled in a different manner than the assets that we have accumulated jointly. I was able to do that in my will, because I have ...
by Gnirk
Tue May 15, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Large Personal Injury Settlement
Replies: 58
Views: 4802

Re: Large Personal Injury Settlement

And tell no one about your settlement! You won't believe who/what comes out of the woodwork.
by Gnirk
Tue May 15, 2018 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Small gift from Grandma to infant - where to put it?
Replies: 21
Views: 1927

Re: Small gift from Grandma to infant - where to put it?

I hope the OP follows his stepmother's instructions and opens the account in the child's name and buys $1,000 worth of the Disney stock. If I were the grandparent, and giving this gift, and my desires for the gift were'n't followed, I'd be extremely unhappy. Once the account is opened, you can alway...
by Gnirk
Mon May 14, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Small gift from Grandma to infant - where to put it?
Replies: 21
Views: 1927

Re: Small gift from Grandma to infant - where to put it?

My husband gifted 10 shares of Disney stock to our granddaughter when she was 5, and absolutely loved everything Disney. Of course, it didn't cost $1,000! She graduates from University next weekend, and still cherishes her Disney stock certificate. It is the one with all the Disney characters on it....
by Gnirk
Wed May 09, 2018 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: [Golf ball] cracked my house window. Do I have any recourse?
Replies: 68
Views: 6930

Re: Gold ball cracked my house window. Do I have any recourse?

We live on two golf courses; one is our main home and the other a snowbird home. Neither HOA covers damage by golf balls. However, the HOA for our snowbird home offers a $5 per year insurance policy that covers breakage of windows by golf balls. In our main home neighborhood, the saying is "you boug...
by Gnirk
Mon Apr 30, 2018 12:54 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financial Perils Of Old Age
Replies: 94
Views: 10736

Re: Larry Swedroe: Financial Perils Of Old Age

My mother died from Alzheimer’s Disease at the age of 90, after suffering from it for 12 years. She lived a healthy, active life, volunteered during retirement, was slender, ate lots of fresh fruits and vegetables from her organic garden. She had no physical ailments, other than Alzheimer’s. In othe...
by Gnirk
Sun Apr 29, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Favors for Family/Friends and Getting Compensated or Not?
Replies: 39
Views: 3185

Re: Favors for Family/Friends and Getting Compensated or Not?

Ride to the airport, occasionally: sure. Painting interior of their house: NO Babysitting EVERY day: NO WAY unless there is a medical reason the parents can't care for the children. If asking you to babysit is in lieu of them paying for daycare: NO. HELPING with projects or repairs, maybe....but the...
by Gnirk
Sat Apr 28, 2018 12:10 am
Forum: Personal Consumer Issues
Topic: Do you sell or donate unused items?
Replies: 46
Views: 2665

Re: Do you sell or donate unused items?

I donate because I'm too lazy to sell. And I know the thrift shop which supports Children's Hospital in Seattle can easily sell the items (always in excellent or new condition). In some cases I give things to friends or friends of friends who want the items. My oldest daughter does the same: gives t...
by Gnirk
Wed Apr 25, 2018 12:36 am
Forum: Personal Finance (Not Investing)
Topic: How to be a good executor to family
Replies: 44
Views: 3348

Re: How to be a good executor to family

I was executor of my mom’s estate, and it can be very time- consuming. My brother and I were the only beneficiaries. I maintained several spreadsheets, as well as a journal/ timeline of all activity, from meeting with the attorney, picking up the death certificates, speaking with her financial insti...
by Gnirk
Thu Apr 19, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 57
Views: 8328

Re: “The Smell of Retiree Mon$y...”

For the past 12 years, I have donated to the same five charities, and with my donation I include the following note: "I am happy to donate every December, and respectfully request that you do not send me donation requests during the year, because you would be wasting part of my donation. Thank you."...
by Gnirk
Wed Apr 18, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Account for Adult Children Allowing Parent Some Control
Replies: 31
Views: 3483

Re: Account for Adult Children Allowing Parent Some Control

For 8 years, my late mom gifted the max for a Roth IRA each year to her four grandchildren, with instructions that it was to be deposited into their Roth Ira accounts. And semi-jokingly added that if they touched it before they retired she would come back and haunt them! :D
by Gnirk
Mon Apr 16, 2018 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my mom's investments, please.
Replies: 41
Views: 3433

Re: Help with my mom's investments, please.

That “advisor” is acting only in his own best interests, and is nothing but a very slick salesman who isn’t putting her into appropriate investments for her, in my opinion. Tell your mom to run away from him as fast as she can. Wellington and Wellesley are very good funds, but do throw off dividends...
by Gnirk
Sun Apr 08, 2018 1:54 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 12052

Re: What is your AA, given your age? and, Why?

I''m in my low 70's, retired for 10 years. My AA is 37% equities, 58% bonds (all muni's in taxable), and 5% cash. 90% is in a taxable account. This is my comfort level.
by Gnirk
Sun Apr 01, 2018 4:48 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1821
Views: 329421

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

I’m down a wee bit, with a 37% equity position.
by Gnirk
Wed Mar 28, 2018 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 9537

Re: How Do You Value Your Home for Net Worth Purposes?

If I were to calculate the value of our house to be part of our net worth, I would look at Zilllow, Redfin, and the county assessment which is supposed to be market value, pick a reasonable number, and deduct 10% for selling, closing, and excise tax costs. However, since we need no loans, we have no...
by Gnirk
Mon Mar 26, 2018 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How does your retirement spending compare to pre-retirement spending?
Replies: 48
Views: 6539

Re: Retirees: How does your retirement spending compare to pre-retirement spending?

I spend more in medical due to insurance not being paid by my employer. My Medicare B and D are higher, plus I pay for a Medicare advantage policy which charges various co-pays. I spend less in transportation, clothing, and am far more careful with discretionary spending.
by Gnirk
Mon Mar 19, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Second Marriage & Beneficiaries Conundrum
Replies: 50
Views: 4392

Re: Second Marriage & Beneficiaries Conundrum

Second marriage, each of us have adult children from our previous marriages. We have joint checking accounts and each have a fairly small IRA, and we own two homes jointly with right of survivorship- main home and snowbird home. All of our investments have been held separately. Of the total taxable...
by Gnirk
Sun Mar 18, 2018 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Second Marriage & Beneficiaries Conundrum
Replies: 50
Views: 4392

Re: Second Marriage & Beneficiaries Conundrum

Second marriage, each of us have adult children from our previous marriages. We have joint checking accounts and each have a fairly small IRA, and we own two homes jointly with right of survivorship- main home and snowbird home. All of our investments have been held separately. Of the total taxable ...
by Gnirk
Thu Mar 15, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Buy vs. seasonally rent vacation property
Replies: 26
Views: 2573

Re: Buy vs. seasonally rent vacation property

We bought our snowbird home ( small house, not condo) in California nearly 20 years ago, using it part-time a week per month during the winter for about 7 years until we retired. We have never rented it out, by choice, though minimal rental time according to our covenants is 6 months. If I had to do...
by Gnirk
Tue Mar 13, 2018 11:31 am
Forum: Personal Consumer Issues
Topic: Redfin implicit hidden costs.
Replies: 23
Views: 3319

Re: Redfin implicit hidden costs.

In our state, the seller, not the buyer, pays all commissions. The standard commission is 6% of the selling price, split 4 ways: selling broker, selling agent, buying broker, buying agent. Those commissions can sometimes be negotiated, paricularly when the selling agent and buying agent are the same...
by Gnirk
Mon Mar 12, 2018 5:46 pm
Forum: Investing - Theory, News & General
Topic: Excellent experience with Vanguard customer service
Replies: 6
Views: 1330

Re: Excellent experience with Vanguard customer service

+1 This has always been my experience for the most part.
by Gnirk
Mon Mar 12, 2018 5:34 pm
Forum: Personal Consumer Issues
Topic: traveling to mexico, should I be concerned?
Replies: 107
Views: 8768

Re: traveling to mexico, should I be concerned?

Personally, I will not travel to Mexico. Period. There are too many other interesting places to go without a major risk of being kidnapped, drugged, or killed. Besides, I can’t run very fast any more.
by Gnirk
Fri Mar 09, 2018 11:43 pm
Forum: Personal Consumer Issues
Topic: Flight to Paris etc
Replies: 33
Views: 3322

Re: Flight to Paris etc

French people in Paris have a reputation for rudeness, but I think it is because most Americans don't know the basic rules of courtesy that are very important in France. Even if you can't speak French, you should learn "Bonjour", "merci", "bonne journée", and "au revoir". When you approach someone,...
by Gnirk
Fri Mar 09, 2018 5:28 pm
Forum: Personal Consumer Issues
Topic: What do you pay for your phone/cable/internet? REAL total with tax?
Replies: 48
Views: 2827

Re: What do you pay for your phone/cable/internet? REAL total with tax?

I pay $144.99, including all taxes, for Comcast (Xfinity) cable and internet. I can't bundle with their phone service because when we did, it was out 3-5 days per month. Plus it's not a true land line. Cable doesn't include movie channels or special sports channels. Just expanded basic, with ROOT tv...
by Gnirk
Thu Mar 08, 2018 11:37 pm
Forum: Personal Consumer Issues
Topic: Flight to Paris etc
Replies: 33
Views: 3322

Re: Flight to Paris etc

I’ve traveled using both Air France and Delta and found both to be just fine. Visited Paris 18 months ago with three friends and we rented a 2 bedroom, 2 bath apartment through VRBO. Loved the experience, much better than a hotel in my opinion, and less expensive for us. We both walked and used the ...
by Gnirk
Tue Mar 06, 2018 1:15 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care: Excellent Morningstar article [75 Must-Know Statistics About Long-Term Care]
Replies: 23
Views: 2710

Re: Long Term Care: Excellent Morningstar article [75 Must-Know Statistics About Long-Term Care]

Those are sobering stats. My mom suffered from Alzheimer’s for 12 years, and 8 of those years were in a private care home costing around $5,000 per month. Her LTC policy covered 4 years of that; the rest was out of pocket. Medical care costs were on top of that.
by Gnirk
Thu Mar 01, 2018 10:11 pm
Forum: Personal Consumer Issues
Topic: Walking shoes for plantar faciatis?
Replies: 61
Views: 4801

Re: Walking shoes for plantar faciatis?

I wear New Balance shoes with an off the rack insert that has good arch support and a heel cup. I bought them at a shop in California called Lucky Feet. And I wear Oefos flip flops indoors. I found them more comfortable on my feet than Vionic flip flops.
by Gnirk
Sun Feb 25, 2018 11:49 pm
Forum: Personal Consumer Issues
Topic: Favorite socks?
Replies: 83
Views: 5484

Re: Favorite socks?

I love Darn Tough socks! Worth every penny to me. Another endorsement for Darn Tough socks. I like wool socks for comfort but do not get much wear out of most brands. On my feet, Darn Tough wears longer than SmartWool. Plus, Darn Tough socks have a lifetime warranty for wear that I have taken advan...
by Gnirk
Fri Feb 23, 2018 4:50 pm
Forum: Personal Consumer Issues
Topic: Favorite socks?
Replies: 83
Views: 5484

Re: Favorite socks?

I love Darn Tough socks! Worth every penny to me.
by Gnirk
Fri Feb 23, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads: What are you doing to prepare for dementia/alzheimers?
Replies: 60
Views: 5749

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

As others have already advised: Durable Power of Attorney for financial, with an alternate named as well. The same for Medical Power of Attorney. An advanced care directive, stating your wishes about your care decisions. In addition, if this is truly a concern, I would write down how you want to be ...
by Gnirk
Thu Feb 22, 2018 11:55 pm
Forum: Personal Consumer Issues
Topic: [What UN-frugal thing do you do? What do you splurge on?]
Replies: 567
Views: 38014

Re: What UN-frugal thing do you do?

Buy the best live theater seats available. And buy a new MacBook Pro every 5 years.And a cleaning lady every two weeks, though that’s mostly because of my back issues.
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: 1882

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: 7163

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: 2494

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: 53
Views: 6258

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: 127
Views: 12528

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: 280
Views: 18000

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: 47523

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: 4358

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: 64
Views: 8993

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: 4285

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: 2169

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: 10853

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: 10853

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: 8113

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: 87
Views: 5807

Re: What will you do with your tax refund?

What's a refund? :o