Search found 4106 matches

by munemaker
Mon May 13, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: I just do not understand how some think.
Replies: 22
Views: 3157

Re: I just do not understand how some think.

I am often puzzled by how relatives and friends think. Sometimes their thinking can be explained by circumstances that are much different than ours, but most of the time it comes down to either a lack of understanding (of how the system works) or a lack of self discipline (i.e. immediate gratificati...
by munemaker
Mon May 13, 2019 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know of anyone who has used this tax saving strategy?
Replies: 28
Views: 3740

Re: Do you know of anyone who has used this tax saving strategy?

If I need the money, I'm sure not going to gift it in such a scheme. If I don't need the money and my parents do, I'll just gift it with no strings (or profit expectations) attached. I think this would be for people who do not need the money, and their parents do not need it either, i.e. "family mo...
by munemaker
Mon May 13, 2019 1:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12344
Views: 2132066

Re: Dip Day!

kaeltor wrote:
Mon May 13, 2019 1:03 pm
Time2Quit wrote:
Mon May 13, 2019 12:26 pm
Looks like it may qualify for RBD. 😬
What is an RBD ?
It is the opposite of a Really Good Day!
by munemaker
Mon May 13, 2019 1:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12344
Views: 2132066

Re: U.S. stocks in free fall

michaeljmroger wrote:
Mon May 13, 2019 12:57 pm
I lost close to $40,000 today.
"Easy come, easy go" I always say.
by munemaker
Mon May 13, 2019 10:01 am
Forum: Personal Consumer Issues
Topic: Home Air Filters
Replies: 65
Views: 14811

Re: Home Air Filters

How often do you replace them and where do you get them? I've heard that you're suppose to replace them every three months. My house has 4 of them, so if I pay $15 / each that would be $240 / year. I was changing them twice during the heating season. Then I read the owner's manual for the furnace, ...
by munemaker
Sun May 12, 2019 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know of anyone who has used this tax saving strategy?
Replies: 28
Views: 3740

Re: Do you know of anyone who has used this tax saving strategy?

If I need the money, I'm sure not going to gift it in such a scheme. If I don't need the money and my parents do, I'll just gift it with no strings (or profit expectations) attached. I think this would be for people who do not need the money, and their parents do not need it either, i.e. "family mo...
by munemaker
Sun May 12, 2019 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know of anyone who has used this tax saving strategy?
Replies: 28
Views: 3740

Re: Do you know of anyone who has used this tax saving strategy?

OK, I looked back and found the article. It was published in Barrons on May 7, so it is probably behind a paywall. https://www.barrons.com/articles/upstream-planning-tax-dodge-51556918447 Here is a quote from the article: The maneuver is simple: You give a highly appreciated asset—such as stocks tha...
by munemaker
Sun May 12, 2019 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know of anyone who has used this tax saving strategy?
Replies: 28
Views: 3740

Do you know of anyone who has used this tax saving strategy?

I read this recently in a well respected business publication...don't remember which one but I could probably find it. The strategy goes like this. Gift your appreciated assets to your parents. When they pass, presumably before you, you inherit the assets with a stepped up basis so you pay not feder...
by munemaker
Sun May 12, 2019 5:44 pm
Forum: Personal Consumer Issues
Topic: Dale Carnegie training
Replies: 23
Views: 2725

Re: Dale Carnegie training

I took the course many years ago, and it helped me. It only helps you if you go into it with the attitude you want to improve yourself. Like any training, if you do not apply the lessons learned fairly quickly, the training is lost. They do require quite a bit of public speaking about personal exper...
by munemaker
Thu May 09, 2019 10:24 am
Forum: Investing - Theory, News & General
Topic: Stocks really "Chernobyl" risky for people near/in retirement?
Replies: 23
Views: 3058

Re: Stocks really "Chernobyl" risky for people near/in retirement?

The stock market is very risky in the short term, but has actually quite safe in the long term.
by munemaker
Thu May 09, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Remind me why we have Medicare supplement
Replies: 26
Views: 4173

Re: Remind me why we have Medicare supplement

Here's why: I have been healthy with just a small medial claim here and there. Then late last year, I developed some symptoms. My PCP had a hard time diagnosing and sent me to specialists: an internist, urologist and ultimately a surgeon. They ordered a bunch of diagnostics: two ultrasounds, two CT ...
by munemaker
Thu May 09, 2019 8:39 am
Forum: Personal Consumer Issues
Topic: Recycling Different Plastics
Replies: 76
Views: 4957

Re: Recycling Different Plastics

This varies locally. Contact your municipal government or trash hauler.
by munemaker
Wed May 08, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Filing for a Restricted SS Claim
Replies: 16
Views: 1083

Re: Filing for a Restricted SS Claim

I would gather all of your documents and go in person... I avoid going to the SS in person. I went to our office once with my wife. It is a dreary place and most of the clientele there seemed to be kind of shady. And that doesn't even factor in the time that was wasted driving in, parking and waiti...
by munemaker
Wed May 08, 2019 10:54 am
Forum: Personal Investments
Topic: Voya financial - Why would anyone use them?
Replies: 40
Views: 4526

Re: Voya financial - Why would anyone use them?

Compared to vanguard, Schwab, and Fidelity, every fund was so pricey!!! You can't really compare an employer plan to funds you buy as an individual. There are a lot of extra costs forced on to an employer retirement plan, such as extra record keeping, reporting and external audit. Sometimes the emp...
by munemaker
Tue May 07, 2019 4:48 pm
Forum: Personal Consumer Issues
Topic: wedding gift value
Replies: 80
Views: 4929

Re: wedding gift value

I havent been to many weddings but I do like the rule of thumb of covering the cost of your plate. According to that rule, staying home should be an appropriate gift. I not a big fan of weddings. I'd be willing to pay double (or even triple) the "plate charge" to get out of going. I feel the same, ...
by munemaker
Tue May 07, 2019 3:25 pm
Forum: Personal Consumer Issues
Topic: Shingrix [Vaccine availability]
Replies: 153
Views: 14722

Re: Shingrix [Vaccine availability]

After having my name on a waiting list for what seems like forever, I was finally notified yesterday that it is available at our pharmacy. I got the shot today. Hopefully I can get the second dose on time.
by munemaker
Tue May 07, 2019 8:34 am
Forum: Personal Investments
Topic: Vanguard, Fidelity and cybercriminals
Replies: 13
Views: 2505

Re: Vanguard, Fidelity and cybercriminals

Maybe I missed it, but the article did not say how the systems were infected. I am retired now, but this happened to my employer when I was working there. Our system became infected from an employee opening an email attachment. That's all it took. And yes, we did have virus protection installed. We...
by munemaker
Tue May 07, 2019 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Worth claiming life insurance death benefit?
Replies: 31
Views: 3705

Re: Worth claiming life insurance death benefit?

FINAL UPDATE OK, deposited the check that was made out to the estate of the deceased into our personal account and it cleared. All that remains is to distribute to the beneficiaries. An internet search shows that many banks will not accept deposits of checks made out to estates into a personal accou...
by munemaker
Mon May 06, 2019 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Best Book on Medicare?
Replies: 6
Views: 706

Re: Best Book on Medicare?

https://www.amazon.com/Medicare-Dummies-Business-Personal-Finance/dp/1119348870/ref=sr_1_1?crid=26BO5PXIM0P1Q&keywords=medicare+for+dummies+2019&qid=1557191990&s=books&sprefix=medicare+%2Caps%2C185&sr=1-1 Currently less than $10 on Amazon I agree. MEDICARE FOR DUMMIES is very comprehensive. Highly ...
by munemaker
Mon May 06, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Worth claiming life insurance death benefit?
Replies: 31
Views: 3705

Re: Worth claiming life insurance death benefit?

Check was $535 which included $35 in interest (no idea how they calculated that). Donated it all to Alzheimer's. How did you deal with the check? Did you deposit it into the estate account or your personal account? In our case, there was no explanation of how much is death benefit and how much is i...
by munemaker
Mon May 06, 2019 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Worth claiming life insurance death benefit?
Replies: 31
Views: 3705

Re: Worth claiming life insurance death benefit?

UPDATE Wanted to update the status on this, and it may possibly not be final. Our local library was able to find some evidence of the relative's father's death in the form of a printout from a grave site database that included the date of his birth and death. We sent that with the death certificate,...
by munemaker
Mon May 06, 2019 3:10 pm
Forum: Personal Consumer Issues
Topic: Winter Tires All Year?
Replies: 62
Views: 4427

Re: Winter Tires All Year?

The downside of leaving winter tires on for the summer is they are noisy and wear quicker on dry roads. But hey, with the little bit you drive, who cares?
by munemaker
Mon May 06, 2019 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Zelle [digital payment system]
Replies: 23
Views: 2981

Re: Zelle

Last year I tried to send a payment to a friend via Zelle. He was using Fidelity as his bank. Couldn't get it to go through. Called and found out that you cannot send money to or from Fidelity using Zell. We used Google Send instead and it worked fine.
by munemaker
Sun May 05, 2019 6:27 pm
Forum: Investing - Theory, News & General
Topic: Estimating the rate of return on Social Security
Replies: 34
Views: 2899

Re: Estimating the rate of return on Social Security

Given other factors being the same, the lower your income, the better your rate of return on your SS contributions.
by munemaker
Sun May 05, 2019 5:40 pm
Forum: Personal Investments
Topic: Selling in MAY and ....... ?
Replies: 18
Views: 2163

Re: Selling in MAY and ....... ?

Selling in MAY and ....... ? ============================== Thanks for weighing in to my threads and seeking insights from this forum. Does selling in MAY and go away applicable to this YEAR and Boglehead investing ? Thanks for sharing. That saying has to do with market timing. Bogleheads are gener...
by munemaker
Sun May 05, 2019 5:36 pm
Forum: Personal Investments
Topic: CASH parking option + promotion?
Replies: 8
Views: 1154

Re: CASH parking option + promotion?

CASH parking option + promotion? ============================== Thanks for weighing in to my threads and seeking insights from this forum. I looking for best place to park CASH for better return. Are there any current promotions offered by banks? Thanks for sharing. For cash, I like the Vanguard Pr...
by munemaker
Sun May 05, 2019 5:29 pm
Forum: Personal Consumer Issues
Topic: Where to visit in the Caribbean?
Replies: 19
Views: 2607

Re: Where to visit in the Caribbean?

We do a week at an all inclusive toward the end of every winter. Usually we go to the Dominican Republic because it is a good value. Almost none of the staff at these resorts speak fluent English, and many of the guests do not either - which is a bit of a negative. A plus for us is there are direct ...
by munemaker
Sat May 04, 2019 1:55 pm
Forum: Investing - Theory, News & General
Topic: Wouldn't this make Traditional IRA far superior to Roth?
Replies: 82
Views: 8637

Re: Wouldn't this make Traditional IRA far superior to Roth?

I made this chart to show Roth vs deductible investing, assuming you took the tax savings and were also able to increase your deductible contributions. E.g. same after-tax dollars out of your pocket. This assumes the same tax bracket upon contribution and withdrawal. For the taxable account, I assu...
by munemaker
Sat May 04, 2019 1:45 pm
Forum: Investing - Theory, News & General
Topic: Reversion to the Mean Is Dead?
Replies: 63
Views: 7435

Re: Reversion to the Mean Is Dead?

Reminds me of how the internet supposedly changed everything, just before the dot.com blowup.
by munemaker
Wed May 01, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone down-shifted in their career?
Replies: 59
Views: 7740

Re: Has anyone down-shifted in their career?

About half way through my career, I worked for a larger company. I was held in high regard, but it seemed that the more I did, the more they wanted. I was putting in a lot of extra hours. A friend of mine described the situation as "they whip the horse that runs." I was just on edge all the time and...
by munemaker
Wed May 01, 2019 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Citi Double Cash 2.5% until Feb 2021 with Citi checking/savings account
Replies: 18
Views: 4410

Re: Citi Double Cash 2.5% until Feb 2021 with Citi checking/savings account

Citi doesn’t have a good reputation when it comes to paying the offered bonus, and making people jump through hoops. Check out the threads on “doctor of credit” web site, in relation to the checking and savings account bonuses. I have the card but didn’t get the offer; even if I did I would pass. T...
by munemaker
Wed May 01, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Citi Double Cash 2.5% until Feb 2021 with Citi checking/savings account
Replies: 18
Views: 4410

Re: Citi Double Cash 2.5% until Feb 2021 with Citi checking/savings account

I received this offer too. Citi will temporarily give you an additional 0.5% reward (until 1/31/2021) if you open a bank account. Probably the bank account comes with strings and charges, but I didn't look into it. Doesn't seem like much of an incentive to me. I threw the offer in the trash.
by munemaker
Tue Apr 30, 2019 5:24 pm
Forum: Investing - Theory, News & General
Topic: "The market is overvalued"
Replies: 90
Views: 10563

Re: "The market is overvalued"

If you are not a market timer, it doesn't really matter whether the market is overvalued or not. Just stay the course and ignore the noise.
by munemaker
Tue Apr 30, 2019 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4141
Views: 796579

Re: What's Your Credit Card Rewards Strategy?

jrbdmb wrote:
Thu Apr 25, 2019 9:10 am
My understanding is that closed accounts are not immediately removed from your credit report, and continue to be used to calculate your score.
Closed accounts are not removed but are marked as "closed." Closed accounts factor into your score, but not to the degree of open accounts.
by munemaker
Tue Apr 30, 2019 5:15 pm
Forum: Personal Consumer Issues
Topic: out of network emergency visits. Huge bill!!!
Replies: 156
Views: 13898

Re: out of network emergency visits. Huge bill!!!

I will just say Thank God I'm on Medicare + Medigap. I never have to deal with this terrifying stuff. Would you explain. You mean medicare/medigap doesn't differentiate between in and out of network? Medigap (aka Medicare Supplement) does not have a network. It is accepted by all physicians that ac...
by munemaker
Tue Apr 30, 2019 8:28 am
Forum: Personal Consumer Issues
Topic: out of network emergency visits. Huge bill!!!
Replies: 156
Views: 13898

Re: out of network emergency visits. Huge bill!!!

OK, I am no expert here and this could be wrong. I thought the ObamaCare Act (aka ACA) required out-of-network emergencies to be covered. From healthcare.gov: In an emergency, you should get care from the closest hospital that can help you. That hospital will treat you regardless of whether you have...
by munemaker
Tue Apr 30, 2019 8:13 am
Forum: Personal Investments
Topic: Intel sell or hold NOW sold.
Replies: 67
Views: 5475

Re: Intel sell or hold

When you say "ladder selling," I take that to mean dollar cost averaging out of the stock. When you do this, you should be placing market orders, not limit orders. The stock has only gone down a few days. Reinvesting the dividend, it is still up about 10% year to date. Inheriting an investment that ...
by munemaker
Mon Apr 29, 2019 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a hail-damaged car?
Replies: 42
Views: 2734

Re: Buying a hail-damaged car?

We had a hail storm in our area a couple weeks ago. Local paper said EVERY car on the lots at local GM and Chrysler dealer was hail damaged. Said they had paintless dent removal people working on the cars and they would be sold at some discount; it was stated in a way implying not to expect a large ...
by munemaker
Sun Apr 28, 2019 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Why do most people hate/dread learning about money and is there a good book for helping them?
Replies: 78
Views: 5595

Re: Why do most people hate/dread learning about money and is there a good book for helping them?

I agree. Most people are more likely to be able to cite stats of their sports team than they are of their portfolio. Sad.
by munemaker
Sat Apr 27, 2019 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: How to define wealth
Replies: 51
Views: 5176

Re: How to define wealth

WillRetire wrote:
Sat Apr 27, 2019 12:26 pm
Wealthy = being happy with what you have.

I know people who have high net worth but it isn't enough for them.
To me, if you have high net worth but are unhappy, you are still wealthy. I think wealth is a financial measure, not a measure of happiness.
by munemaker
Fri Apr 26, 2019 1:41 pm
Forum: Personal Consumer Issues
Topic: Internet fees
Replies: 16
Views: 1544

Re: Internet fees

rafkg29 wrote:
Fri Apr 26, 2019 1:03 pm
How can I get cheaper or free internet?
See if your neighbor will share their password with you.
by munemaker
Thu Apr 25, 2019 8:16 am
Forum: Personal Consumer Issues
Topic: Who is buying 1-3 year old used Toyotas and Hondas?
Replies: 114
Views: 12964

Re: Who is buying 1-3 year old used Toyotas and Hondas?

In 2011, I bought a 2009 Honda CR*V EX-L with 32,000 miles on it. I think the out-the-door cost might have been $23,000. I bought it from a large, established used car dealer. Carfox shows it was previously owned by Enterprise. They do not rent Hondas, so I guess it was maybe a lease. Anyway, the ca...
by munemaker
Thu Apr 25, 2019 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Whats the Point of Climbing the Corporate Ladder?
Replies: 164
Views: 18471

Re: Whats the Point of Climbing the Corporate Ladder?

Whats the point of climbing the corporate ladder if I'm fine with my current salary and position and can hit all my financial goals without future promotions raises etc? Personally, I enjoyed having more control over what I do every day. I would rather be the ping pong paddle than the ball. To each...
by munemaker
Wed Apr 24, 2019 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: [Retiring before 65: How do you deal with health insurance?]
Replies: 88
Views: 12147

Re: [Retiring before 65: How do you deal with health insurance?]

[...] Illinois has "spousal coverage", so my wife who is 59 can stay on my employer's COBRA until she qualifies for Medicare. I am 62 and a half, presently on COBRA, which will run out in June, 2020. [...] See if your state requires "spousal coverage", several states do. [...] She can stay on COBRA...
by munemaker
Wed Apr 24, 2019 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: [Retiring before 65: How do you deal with health insurance?]
Replies: 88
Views: 12147

Re: [Retiring before 65: How do you deal with health insurance?]

If I desired to "retire" early, I think I'd be looking for whatever part-time job required the least number of hours and included health benefits. Are there part time jobs that provide health benefits? I have never heard of any around here. So reading through this thread, it seems like the common w...
by munemaker
Wed Apr 24, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: [Retiring before 65: How do you deal with health insurance?]
Replies: 88
Views: 12147

Re: [Retiring before 65: How do you deal with health insurance?]

SteveinVanvcouverWA wrote:
Sun Mar 24, 2019 10:40 pm
I recommend a Direct Primary Care (DPC) practice. Direct Primary Care is a membership in which you get virtually unlimited access to a primary care physician for an affordable monthly fee, typically $50-100 per month.
...
Is this what is known as "concierge medicine?"
by munemaker
Tue Apr 23, 2019 5:22 pm
Forum: Personal Consumer Issues
Topic: Buying a TV
Replies: 32
Views: 1559

Re: Buying a TV

Thegame14 wrote:
Tue Apr 23, 2019 2:26 pm
55 inch is MAX the wife would allow.
+1

In retrospect though, I think she wishes we would have gone with the 65". Her mistake was comparing the 55" with our former 32" tube TV, thinking backward rather than forward.
by munemaker
Tue Apr 23, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: What, if anything, do I owe this guy?
Replies: 82
Views: 8695

Re: What, if anything, do I owe this guy?

I would not meet with him again. If he communicates with you (which he certainly will), just thank him for his efforts and tell him you changed your mind. It he asks why or what you are doing, just tell him you decided to manage your assets yourself and leave it at that.
by munemaker
Tue Apr 23, 2019 11:55 am
Forum: Personal Consumer Issues
Topic: Cheapest place to get a replacement Subaru key
Replies: 7
Views: 952

Re: Cheapest place to get a replacement Subaru key

Not too long ago, I had to have a lost key replaced for my Honda CR*V. I was pleasantly surprised to find out my auto insurer (Nationwide) covered it in full...no deductible or anything. I don't remember exactly what they key cost, but I remember it being somewhere between $50 - $100, and I had it r...
by munemaker
Mon Apr 22, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 35183

Re: How did you feel about your 2018 tax returns?

Since we owed zero federal income tax, felt very good about out 2017 and 2018 returns (I don't mean zero at filing. I mean zero for the tax year.)! That ends in 2019 when we will be doing massive Roth conversions. But I will still feel very good about making large Roth conversions at the lower rate ...