Search found 790 matches

by Gnirk
Mon Jul 16, 2018 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 114
Views: 6358

Re: Anyone not have a Budget?

Retired since 2007ish, I don't have a written budget, but I'm always aware of my spending, vs my income. When I was younger and a divorced, single mom I used the envelope system, which worked great. Now I just use the "ballpark" system. However, I have started to track my spending, just out of curio...
by Gnirk
Sun Jul 15, 2018 12:29 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9454

Re: When does frugal cross the line to cheapskate?

That groom sounds smart, to me, not cheap.
by Gnirk
Sun Jul 15, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9454

Re: When does frugal cross the line to cheapskate?

The groom wore an everyday business suit, the ring was a discount purchase through his own jewellery company and the reception was a meal at the Bonefish Grill, an America-wide seafood chain. https://www.theguardian.com/world/2006/sep/02/usa.andrewclark Not the kind of man some would want to marry,...
by Gnirk
Sat Jul 14, 2018 7:09 pm
Forum: Investing - Theory, News & General
Topic: Change in Flagship Rep Service ?
Replies: 21
Views: 2230

Re: Change in Flagship Rep Service ?

Tom: When I just logged into my account I get the usual account overview page and on the right (to the right of the pie charts) is a large picture of my rep plus the link to the section to set up an appointment and another link to go to the section to send a secure message. Well, I'm still confused...
by Gnirk
Sat Jul 14, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust - conveyance of assets
Replies: 11
Views: 768

Re: Living Revocable Trust - conveyance of assets

As Durable Power of Attorney for my mother, I was able to have an attorney set up a revocable living trust with her as the beneficiary, and me as the trustee, with successive trustees named. For those of you who want to know "why" I set up a living trust for her: My mother had mid-stage Alzheimer's,...
by Gnirk
Fri Jul 13, 2018 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: What's your *real* asset allocation?
Replies: 30
Views: 3059

Re: What's your *real* asset allocation?

My "real" asset allocation includes equity funds, cash, CDs, bond funds, and savings bonds. Nearly all is in a taxable account. My allocation = 110-age in fixed income, the remainder in equities. I do not include our primary home or our snowbird home, because even though they are owned free and clea...
by Gnirk
Fri Jul 13, 2018 11:13 am
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9454

Re: When does frugal cross the line to cheapskate?

Frugal: When you buy the Toyota instead of the Lexus, even though you can afford the Lexus. Cheapskate: When the couple who has far more $$$ than you do orders $200 worth of wine at dinner (and know that we don't drink wine because of medications) and then wants to split the bill. Cheapskate: When f...
by Gnirk
Tue Jul 10, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 15182

Re: Retirement Destination - are you happy with your choice?

Yes, we are happy with our choices. We spend 7 months in our "regular" home in the Pacific Northwest, and the 5 winter months in our snowbird home in the California desert. It's worked well for us. Personally, I would have preferred a snowbird home in Hawaii, but DH wanted to be able to drive the di...
by Gnirk
Sat Jul 07, 2018 1:35 pm
Forum: Personal Consumer Issues
Topic: Anyone Tried Costco Travel Packages?
Replies: 31
Views: 3423

Re: Anyone Tried Costco Travel Packages?

We booked a Viking River cruise through Costco several years ago. We saved on the price of the cruise ( I think it was a 10% discount from Vikings 2-for-1 advertised rate) , and after the cruise received a $600-$700 Costco gift card , based on our membership level with Costco. We booked our own airf...
by Gnirk
Mon Jul 02, 2018 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Do you own just 5% of anything?
Replies: 65
Views: 4724

Re: Do you own just 5% of anything?

Yes, Wellesley and Wellington less than 5% each....legacy funds I inherited from my mom . Just can't seem to let them go.....
by Gnirk
Sun Jul 01, 2018 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Debt to asset ratios
Replies: 14
Views: 853

Re: Debt to asset ratios

Retired, and 0% debt. We have our monthly/yearly expenses, but pay them off when due. We feel very fortunate.
by Gnirk
Sun Jul 01, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 212
Views: 12860

Re: What are your property taxes?

Assessed value, which in our state of Washington is supposed to be market value, is $578,000. This is a 2800 SF two story house on a golf course, not in a large city. Annual property taxes are $7,525. No income tax. Sales tax average around 9%, depending upon the locale. Gas tax second highest in th...
by Gnirk
Wed Jun 27, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: How many months of living expenses would you keep in your bank.
Replies: 61
Views: 3932

Re: How many months of living expenses would you keep in your bank.

One month in checking, and two years in Ally savings and no penalty CDs.
by Gnirk
Tue Jun 26, 2018 8:35 pm
Forum: Personal Consumer Issues
Topic: Tequila and Magaritas
Replies: 75
Views: 6888

Re: Tequila and Magaritas

I enjoy using a decent tequila in my margaritas, which I mix using a cocktail shaker and serve "on the rocks", rather than blended. My preference in Gran Centenario Reposada, and I also add a bit of Grand Marnier and Cointreau, and use a sweet and sour mix rather than a margarita mix.
by Gnirk
Tue Jun 26, 2018 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8456

Re: Retirees: When you cut spending, what do you cut?

The question is what expenses would I cut if I needed to: Season tickets to live theatre. Travel. Meals out. Twice-monthly housecleaner, though this would worsen my back problems. Landline. If those cuts didn’t do the trick, I would sell the house and and most of the furnishings and rent a small apa...
by Gnirk
Sun Jun 24, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8456

Re: Retirees: When you cut spending, what do you cut?

I'm of the opinion that if you have to cut your chosen lifestyle, then you failed. You didn't save enough or you didn't handle the investments properly. The country and world is full of people who live in poverty through no fault of their own. I worry about money, but I also realize I am incredibly...
by Gnirk
Sun Jun 24, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Compliments for Vanguard?
Replies: 40
Views: 3131

Re: Compliments for Vanguard?

I've not experienced the issues others have with Vanguard customer service. I can make an appointment with my Flagship representative, and he's always timely in his calls. I can email him with questions, and receive answers in a timely manner. If he can't answer, he refers me to someone who can, and...
by Gnirk
Sat Jun 23, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: This is ridiculously expensive LTCi, right? Or maybe not?
Replies: 78
Views: 4234

Re: This is ridiculously expensive LTCi, right? Or maybe not?

Sounds a bit pricey, but then we never know what will happen in life. My very healthy mother, absolutely no physical issues, fit, active, etc developed Alzheimer's disease at the age of 78. And she was the poster girl for the alzheimers-prevention lifestyle! Long story short, she was under care for ...
by Gnirk
Mon Jun 18, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Help From Cruel Stepmother
Replies: 49
Views: 7624

Re: Trust Help From Cruel Stepmother

I am so sorry for the loss of your dad, and the resulting circumstances. I believe that anyone who is a beneficiary of the trust is supposed to receive a copy of the trust. Otherwise, it is private and in our state, doesn't go through the probate process. However, a will does and is a matter of publ...
by Gnirk
Mon Jun 18, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 10702

Re: Timeshare ever worth it? Please share details

We've owned timeshares since 1985....three different areas, and 5 weeks total. All purchased on the secondary market at reasonable cost. Some weeks we used each year (paid $7000 on the secondary market for a beautiful 2-bedroom 2 1/2 bath in Hilton Head that was on a great golf course and included a...
by Gnirk
Sun Jun 17, 2018 4:02 pm
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 8394

Re: Which Supermarket are you?

I shop at Costco, Safeway, and Trader Joe’s, depending upon what I need. And I buy organic whenever it’s available. As I tell my DH, I buy organic for what isn’t in it!
by Gnirk
Thu Jun 14, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 109
Views: 9705

Re: I was rear ended and the other guy wants a payout!

Sadly, this happened to me many years ago. The other driver rear-ended me, well after I was on the street. She was obviously at fault, didn't even have her driver's license with her, and left the scene to go home and get it. Months later when my premiums increased, I found out she had claimed it was...
by Gnirk
Mon Jun 11, 2018 10:40 pm
Forum: Personal Consumer Issues
Topic: How do you celebrate (potty trained kid) milestone with your spouse?
Replies: 93
Views: 5005

Re: How do you celebrate (potty trained kid) milestone with your spouse?

Wow! I never knew successful potty training was a celebratory event, or there were such things as “ babymoons” and push presents. I got robbed!!! 🤣
by Gnirk
Sat Jun 02, 2018 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Helping son buy a house
Replies: 33
Views: 3082

Re: Helping son buy a house

I think it's great that you want to help your son buy a house. However, I agree with others who have advised gifting him the downpayment, and letting him take out a loan and pay a third party, not you. Personally, i've loaned money ($1,000-$2,000) to my children over the years, we always sign a note...
by Gnirk
Tue May 29, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 248
Views: 30119

Re: Why pay cash for a car?

Even though auto loan rates are low, we pay cash for our cars. In fact, if we can't pay cash for something, we don't buy it. At our age, we prefer to continue to be debt free. And know that we are fortunate that we can pay cash for those things we really want.
by Gnirk
Mon May 28, 2018 1:34 am
Forum: Personal Finance (Not Investing)
Topic: Costco Eyeglasses - No satisfaction guarantee. Any chance of resolution?
Replies: 31
Views: 26172

Re: Costco Eyeglasses - No satisfaction guarantee. Any chance of resolution?

I once bought prescription glasses fron Costco and would never do it again or recommend to anyone. The lenses — which they told me were their highest quality — had unacceptable levels of chromatic aberration and distortion. Their $10 3-pack of reading glasses (same prescription) had better optical ...
by Gnirk
Sat May 26, 2018 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: What was your experience inheriting assets held at Vanguard?
Replies: 24
Views: 2248

Re: What was your experience inheriting assets held at Vanguard?

My one really big disappointment and frustration in Vanguard was when my brother and I inherited our mom’s accounts. They were in her revocable trust, I was both the trustee ( had been for a long time) and executor of her estate. The specialist I worked with never returned my calls, “misplaced” pape...
by Gnirk
Thu May 24, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 83
Views: 8072

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

Here's one individual's take on an Advance Directive regarding Alzheimer's / Dementia to provide an example for changing the paradigm to fit one's own criteria and circumstances. Currently, my Advance Directive and healthcare POA do not address this, and I intend to have them revised to do so. I ha...
by Gnirk
Wed May 23, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 83
Views: 8072

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 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 12684

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: 83
Views: 8072

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: 83
Views: 8072

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: 795

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: 1189

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: 5328

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: 2039

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: 2039

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: 7311

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: 11377

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: 3381

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: 2976

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: 3645

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: 8723

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: 3711

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: 47
Views: 4319

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: 13121

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: 1934
Views: 349860

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: 10299

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: 6826

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: 4853

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...