Search found 945 matches

by fourwheelcycle
Tue Sep 15, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity CC declined, they deny declining
Replies: 41
Views: 3417

Re: Fidelity CC declined, they deny declining

Gotta say I agree with Tim Buckley Cheez-It Guy on this one. .... All in good fun! I was surprised when I started hearing about the "new" Tim Buckley at Vanguard. I knew the "original" Tim Buckley back in the 1960s. I hope the new Tim Buckley is equally talented, since my savings are at Vanguard.
by fourwheelcycle
Sun Sep 13, 2020 6:50 am
Forum: Personal Finance (Not Investing)
Topic: What is the best company for auto/property/renters/umbrella insurance?
Replies: 36
Views: 3006

Re: What is the best company for auto/property/renters/umbrella insurance?

The cheapest one, unless your house is high end. Shop them all and self-insure for as much as you can. I suspect boglerdude's is the right answer. I have been with AMICA for forty-six years for cars, home, and umbrella. I have had four car claims and one house claim during that period, none of them...
by fourwheelcycle
Wed Sep 09, 2020 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Continuing Care Retirement Community Entrance Fee
Replies: 106
Views: 7265

Re: Continuing Care Retirement Community Entrance Fee

.....what if you moved to a CCRC, and have a team of medical providers through your Medicare plan. Then 10 years down the road, when you need to move to the CCRC's skilled nursing wing you find out the CCRC's nursing wing no longer participates in the medical network of your Medicare plan? Now you ...
by fourwheelcycle
Tue Sep 08, 2020 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Are there any different financial considerations/rules for a childless couple?
Replies: 95
Views: 9139

Re: Are there any different financial considerations/rules for a childless couple?

.... As for the "what about nieces and nephews and friends?" portion of the "no safety net" discussion, of course one HOPES that there are people out there who will decide to pitch in and take care of you, but there is rarely that same level of connection that there would be with children.... When ...
by fourwheelcycle
Mon Sep 07, 2020 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Rice & Beans [limiting food expenses]
Replies: 96
Views: 13894

Re: Rice & Beans [limiting food expenses]

I'm curious as to if other Bogleheads have any ideas on how to limit my (soon to be 'our') food expenses, while also being well fed and getting a variety of foods. True story - one evening when when I was in college we got on the the topic of nutrition and a girl told me her older brother, living o...
by fourwheelcycle
Mon Sep 07, 2020 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Are there any different financial considerations/rules for a childless couple?
Replies: 95
Views: 9139

Re: Are there any different financial considerations/rules for a childless couple?

OP's question raises a related question - do people, BH's as a group or any people, manage their finances according to rules of thumb or according to their own inclinations? When I became familiar with this forum I was surprised by the number of posts that ask "Can we afford this big home?" or "Can ...
by fourwheelcycle
Sun Sep 06, 2020 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Sibling loan to a responsible brother
Replies: 16
Views: 1503

Re: Sibling loan to a responsible brother

You are going to get a predictable range of replies here, with many suggesting no loans to family members since problems with repayment can lead to long term relationship issues. You aren't giving us a lot of info, but you sound confident the amount of money would not be a problem. Some people, incl...
by fourwheelcycle
Sat Sep 05, 2020 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Continuing Care Retirement Community Entrance Fee
Replies: 106
Views: 7265

Re: Continuing Care Retirement Community Entrance Fee

I have never seen a news article about a CCRC that was discovered to be a Ponzi scheme. Maybe there have been some and I have missed them. However, state regulations for CCRCs vary widely, from very stringent to very limited. The best practice for anyone considering a $300-650K non-refundable entran...
by fourwheelcycle
Fri Sep 04, 2020 10:23 am
Forum: Investing - Theory, News & General
Topic: Vanguard making a move [to discontinue access for financial professionals]
Replies: 25
Views: 5384

Re: Vanguard making a move

... Through my B-D, we have access to a TAMP that has several models from several different providers. The fund company (in this case, Vanguard) provides the model and charges my B-D some small amount to have access to the model. .... Vanguard is one of our strategists. Their model is basically the...
by fourwheelcycle
Fri Sep 04, 2020 10:01 am
Forum: Investing - Theory, News & General
Topic: Need Help Breaking Through a Mental Accounting Block
Replies: 25
Views: 1886

Re: Need Help Breaking Through a Mental Accounting Block

I consider any form of money asset as being part our portfolio total. Anything that is not a money asset, our house (no mortgage), house contents, and cars, may be part of our total assets, but those things are not part of our portfolio. For our portfolio AA, I separate checking and money market fun...
by fourwheelcycle
Fri Sep 04, 2020 7:27 am
Forum: Investing - Theory, News & General
Topic: Vanguard making a move [to discontinue access for financial professionals]
Replies: 25
Views: 5384

Re: Vanguard making a move

We know that DFA funds are only available through DFA-affiliated FAs. I imagine DFA provides some type of in-house rep advice to their affiliated FAs that private individuals, who cannot buy DFA funds directly, do not have access to. Has OP's B-D had a deal with Vanguard that provides similar in-hou...
by fourwheelcycle
Thu Sep 03, 2020 10:49 am
Forum: Personal Finance (Not Investing)
Topic: College financial advice for undecided rising high school senior
Replies: 71
Views: 3731

Re: College financial advice for undecided rising high school senior

If Cornell is your daughter's first choice I don't think you should dissuade her from applying ED. It sounds like you want to support your children's higher education, and I expect you can afford to support the cost of their first choice schools. Applying ED will improve your daughter's chances of g...
by fourwheelcycle
Wed Sep 02, 2020 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do family loan?
Replies: 38
Views: 2846

Re: Should I do family loan?

We considered both options and decided to gift a 30% downpayment to our son. The bank did want a letter stating it was a gift, with no expectation of repayment, but that was not a problem to provide. We quickly decided not to make a family loan for him to buy the house in his own name, or buy the ho...
by fourwheelcycle
Tue Sep 01, 2020 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Cancer Insurance
Replies: 43
Views: 3317

Re: Cancer Insurance

No, the payout is not related to the cost of treatment. The policy language simply states that upon any diagnosis of cancer, the full amount will be paid out. This is the policy wording: "If during the time this policy is in force, and after the requisite waiting period, you experience symptoms tha...
by fourwheelcycle
Mon Aug 31, 2020 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Continuing Care Retirement Community Entrance Fee
Replies: 106
Views: 7265

Re: Continuing Care Retirement Community Entrance Fee

While safety of these huge entry fees has long been an area of concern, pandemics are capable of exposing vulnerabilities to the financing model. The best way to guarantee against forfeiture of several hundred thousand dollars is to require the facility to provide a performance bond guaranteeing re...
by fourwheelcycle
Mon Aug 31, 2020 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Continuing Care Retirement Community Entrance Fee
Replies: 106
Views: 7265

Re: Continuing Care Retirement Community Entrance Fee

My wife and I are most likely headed for a local CCRC where we are already at the top of the waiting list. CCRC's in general are a very small niche market, selected by less than 1% of all seniors. Being able to afford a CCRC is a big selection factor, and wanting to live at a CCRC rather than moving...
by fourwheelcycle
Mon Aug 31, 2020 8:36 am
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 322
Views: 44931

Re: How to get over finance envy

... What are we doing wrong and what are "THEY" doing right!? There are only four possible answers: they have family money; they make more money than you do; they save more than you do, but not in the areas where you see them spending money (maybe they eat cereal three meals a day and never go to r...
by fourwheelcycle
Sun Aug 30, 2020 7:59 am
Forum: Personal Finance (Not Investing)
Topic: 100k Loophole Question
Replies: 16
Views: 2709

Re: 100k Loophole Question

Are you concerned about the estate tax limit? If not,.... The amounts over the exclusion ($15,000 per gift) will count against your lifetime estate tax exemption, but there will be no transactional tax cost. Many people suggest there is no gift tax, and therefor "no transactional cost", associated ...
by fourwheelcycle
Fri Aug 28, 2020 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: $11,000 Roof / Loan to Family Member
Replies: 21
Views: 2269

Re: $11,000 Roof / Loan to Family Member

It sounds like you are very supportive of this person and you want to help them. It also sounds like they will try in good faith to pay back your loan. If something happens in their life during the payment period, they will be much better off dealing with you as a compassionate supporter than with a...
by fourwheelcycle
Fri Aug 28, 2020 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Is cash really king?
Replies: 35
Views: 3708

Re: Is cash really king?

I remember buying bait from an “old timer” as a college kid and he always would tell me that cash is king. Recently I went to help my mother-in-law buy a car where the game plan was to pay In cash thinking We’d get a better deal. It was informed to us that this dealership gets kick backs from the b...
by fourwheelcycle
Thu Aug 27, 2020 10:22 am
Forum: Personal Finance (Not Investing)
Topic: How much cash depreciation should I expect in the current environment?
Replies: 18
Views: 1108

Re: How much cash depreciation should I expect in the current environment?

"My wife and I have owned our home for over forty years. As an investment, including the money we have put in for new roofs, new furnaces, a new asphalt driveway, new appliances and carpet, etc., I would say it has possibly kept up with stock market equity index funds, but I would not say it has do...
by fourwheelcycle
Thu Aug 27, 2020 7:46 am
Forum: Personal Finance (Not Investing)
Topic: How much cash depreciation should I expect in the current environment?
Replies: 18
Views: 1108

Re: How much cash depreciation should I expect in the current environment?

I figured that this forum generally prefers renting to buying Really? I always had the sense that most of us own homes and the only decision up in the air is whether to pay the mortgage off early or make minimum payments and invest the rest in the stock market for higher returns instead. My wife an...
by fourwheelcycle
Wed Aug 26, 2020 6:22 am
Forum: Personal Consumer Issues
Topic: What is the best concert you ever witnessed?
Replies: 434
Views: 31415

Re: What is the best concert you ever witnessed?

Jefferson Airplane - February, 1967 - live at my small college - free for students! Also, not a concert, but I was once in an airport sitting next to a guy who was obviously traveling with his band. We started talking and I finally asked the name of his band to see if I might know them. He said "Ta...
by fourwheelcycle
Tue Aug 25, 2020 12:44 pm
Forum: Personal Consumer Issues
Topic: Wifi speaker for streaming music.
Replies: 58
Views: 3686

Re: Wifi speaker for streaming music.

In our kitchen we have an Amazon Echo Dot 2nd Gen sitting on top of a Tivoli Model One radio, connected by a simple cable from the Echo's audio out to the Tivoli's audio in. Total cost under $175. The sound is great. All we ever do is adjust the volume; all radio station and music selection is done ...
by fourwheelcycle
Tue Aug 25, 2020 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Poll of the retirees among us--spending in retirement
Replies: 76
Views: 6658

Re: Poll of the retirees among us--spending in retirement

I have been aware or in charge of my father's finances from age 80 to 98. In nominal dollars, his annual expenses, excluding taxes, were about $90K in his early 80s, when my mother was still alive, they vacationed together, bought new cars, and purchased new things for their house, including furnitu...
by fourwheelcycle
Sun Aug 23, 2020 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Data in the cloud?
Replies: 27
Views: 1369

Re: Data in the cloud?

I use Sync.com, which is free if you store less than 6GB in their cloud. I am over 6GB, so I do pay for it. I have had great experience with it. You can access your data from up to five Macs or PCs and it keeps your data perfectly in sync across your linked computers. Sync.com uses a zero knowledge ...
by fourwheelcycle
Sun Aug 23, 2020 6:13 am
Forum: Personal Consumer Issues
Topic: single women retirement suggestions
Replies: 62
Views: 5228

Re: single women retirement suggestions

If you want to cut all tax ties to California I would suggest Sedona, AZ or Bend, OR in the US and Manuel Antonio in Costa Rica. Traveling from Costa Rica to the US for significant health care needs is just a few hour flight. If you want to live outside the US year-round I would suggest Christchurch...
by fourwheelcycle
Fri Aug 21, 2020 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Managing finances for elderly parent long-distance
Replies: 33
Views: 1777

Re: Managing finances for elderly parent long-distance

.... What a lot of people have found is that running someone else's life from far away is between difficult and impossible. This is very true! My first experience was as executor and DPOA for finances and healthcare for my elderly aunt. She was doing fine until, at 89, she had two falls and brief h...
by fourwheelcycle
Wed Aug 19, 2020 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Elder parents co-checking.
Replies: 19
Views: 1588

Re: Elder parents co-checking.

... DW is one of seven surviving children with her mother unlikely to live more than a year or two. Her oldest sister is joint on DW's mother's checking account which raises the concern of what happens to the account when the mother dies (DW will be executor so this is something she will need to de...
by fourwheelcycle
Sun Aug 16, 2020 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Buying house - intra-family mortgage question
Replies: 9
Views: 766

Re: Buying house - intra-family mortgage question

Is there a risk the bank won't let me take 350k out of the 750k property? When the bank runs credit does my mom's personal loan show up? Would that be an issue? Is it considered a refinance when I take the 350k out of the 750k property? Or am I just remortgaging a property that I own "outright"? Go...
by fourwheelcycle
Sun Aug 16, 2020 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Buying house - intra-family mortgage question
Replies: 9
Views: 766

Re: Buying house - intra-family mortgage question

Now that you have edited your title to reference an intra-family mortgage you seem to have a conflict with your description of your mother's loan as a personal loan, rather than a mortgage. I have no experience on this, but I think a personal loan, with no security, would be preferable. A personal l...
by fourwheelcycle
Sun Aug 16, 2020 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Buying house - intra-family mortgage question
Replies: 9
Views: 766

Re: Buying house - mother is fronting the cash for me question

Sorry - I tried to write the situation clearly, but I must have messed up the explanation. In the situation that involves my mother, I would not have a bank at all to buy the new house. My mother would front the 550k, and I would front 200k (which I do have liquid). I would essentially be an all-ca...
by fourwheelcycle
Sun Aug 16, 2020 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Buying house - intra-family mortgage question
Replies: 9
Views: 766

Re: Buying house - mother is fronting the cash for me question

Look up past posts on this forum to see details from people more knowledgeable than me. The key issue is that when you apply for a mortgage the bank will ask you where your money is coming from. When you truthfully say your mother is lending it to you that will kill your mortgage, since you can't us...
by fourwheelcycle
Sat Aug 15, 2020 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Contingent Financial Advisor?
Replies: 10
Views: 852

Re: Contingent Financial Advisor?

... Does the spouse know how to keep the trash being collected and the vehicles not ticketed for failure to renew the license plates? Does he/she have their own credit cards and know how to manage them? +1 My wife doesn't manage any of our savings, but she does pay all of our monthly bills, includi...
by fourwheelcycle
Sat Aug 15, 2020 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Contingent Financial Advisor?
Replies: 10
Views: 852

Re: Contingent Financial Advisor?

At your age this is a highly theoretical concern. It's great that you are doing all this planning now that you have your first child, but the reality is you will probably live to see your child could grow up and have children of their own. A long range goal could be to to teach your child to take ca...
by fourwheelcycle
Wed Aug 12, 2020 8:06 pm
Forum: Investing - Theory, News & General
Topic: Impact of negative interest rates on bonds and CDs?
Replies: 16
Views: 1469

Impact of negative interest rates on bonds and CDs?

The July 25 Economist has an article on "A new era of economics". It starts with a review of Keynesian and monetarist approaches to managing economies, then questions whether we may be approaching a new economic era where a combination of government spending and negative central bank interest rates,...
by fourwheelcycle
Tue Aug 11, 2020 7:26 am
Forum: Personal Consumer Issues
Topic: Books that changed your life
Replies: 242
Views: 22382

Re: Books that changed your life

Herman Hesse Demien and Siddhartha The Glass Bead Game, including the imbedded short story about a rainmaker Henry David Thoreau Walden Kurt Vonnegut Cat's Cradle Nikos Kazantzakis The Last Temptation of Christ Percy Bysshe Shelley Ozymandias Warning, I read all these books back in college when I wa...
by fourwheelcycle
Mon Aug 10, 2020 11:49 am
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 201
Views: 18587

Re: What percent of net worth should a persons house be?

This thread is going in circles because the question has been asked wrong. Some people are pointing this out, while others are trying to answer the question in good faith, or sarcastically. The universally accepted way to ask this question is "What percent of take home pay should be spent on housing...
by fourwheelcycle
Sun Aug 09, 2020 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Setting Up Scholarship Trust Fund
Replies: 3
Views: 296

Re: Setting Up Scholarship Trust Fund

Ask around your area and see which agencies could do the screening, awarding, and investment management. Consider which ones are financially stable and reliable, how they would invest the money, and what they would charge as a fee. If you have a local or regional community foundation they might be a...
by fourwheelcycle
Sun Aug 09, 2020 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Moving - No Permanent Address Logistical Questions
Replies: 6
Views: 1041

Re: Moving - No Permanent Address Logistical Questions

No comments on your question except to check the state tax laws for each state you spend time in. Some states pro-rate tax obligations by the amount you earn during the time you are in the state, or the number of months you are in the state, or charge no taxes until you are in the state for more tha...
by fourwheelcycle
Sat Aug 08, 2020 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: deferred payroll tax implications?
Replies: 77
Views: 5506

Re: deferred payroll tax implications?

Come on, folks. I hope everybody who is looking forward to a payroll tax cut is also making other plans for their future social security and Medicare benefits. https://www.reuters.com/article/us-health-coronavirus-usa-payroll-analys/trumps-coronavirus-payroll-tax-cut-would-punch-hole-in-social-secur...
by fourwheelcycle
Fri Aug 07, 2020 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Setting up a Universal Basic Income(UBI)
Replies: 42
Views: 3466

Re: Setting up a Universal Basic Income(UBI)

.... The reason is that your gains are made on taxed money— so the gains are smaller to start with, and then also subject to tax. This is double taxation. I agree. But I also support the perspective that corporate earnings have already been taxed as income to the corporations, so they should not be...
by fourwheelcycle
Fri Aug 07, 2020 7:29 am
Forum: Personal Finance (Not Investing)
Topic: How to structure inheritance/trust
Replies: 40
Views: 2724

Re: How to structure inheritance/trust

christiek, Your children are still very young, so I realize you may worry about how they will turn out. You have turned out fine and there is a great likelihood your children will turn out fine as well. Concerns about children using significant gift or inheritance money badly are very common on this...
by fourwheelcycle
Thu Aug 06, 2020 7:44 pm
Forum: Personal Consumer Issues
Topic: Tales of Uncanny Security Codes
Replies: 29
Views: 2208

Re: Tales of Uncanny Security Codes

Kenkat wrote: Thu Aug 06, 2020 7:29 pm Three zeros is cool; six is just showing off though
+1, nothing else to say.
by fourwheelcycle
Thu Aug 06, 2020 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: How to structure inheritance/trust
Replies: 40
Views: 2724

Re: How to structure inheritance/trust

We will be donating plenty to charity but I want them to have access to money they can leverage for entrepreneurial endeavors, research, investing, etc. but not alcohol, lazing about, etc. OP, you seem to have concerns about your children, but you have not told us their ages or where they are in th...
by fourwheelcycle
Mon Aug 03, 2020 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Medicare: Dental Coverage Question?
Replies: 10
Views: 553

Re: Applying for Medicare: Dental Coverage Question?

.... can/should I buy a dental plan via Medicare (Supplement or Advantage) which justifies waiting til after November 1st? I don't think you will find any Medicare supplemental plan that covers routine dental care, including crowns. You may find a Medicare Advantage plan that includes routine denta...
by fourwheelcycle
Sat Aug 01, 2020 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Advice on a simple way to distribute income in retirement?
Replies: 15
Views: 1663

Re: Advice on a simple way to distribute income in retirement?

It might be that staying active in managing financial affairs is a better idea than putting things as much as possible on autopilot. It is the use it or lose it theory. In any case the most dangerous thing with aging would be actually forgetting all your set it and forget it arrangements. Ha! :happ...
by fourwheelcycle
Sat Aug 01, 2020 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Wedding Finances during COVID
Replies: 26
Views: 3101

Re: Wedding Finances during COVID

Congratulations on your daughter's engagement. In a similar boat here. Oldest daughter got engaged earlier this month. She and her fiancé are looking at a 200-person event in the spring of 2022... It may be that things are not back to normal and then they will need to make a decision about whether ...
by fourwheelcycle
Fri Jul 31, 2020 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Premium Switched From ACH to Paper Check
Replies: 8
Views: 707

Re: Medicare Premium Switched From ACH to Paper Check

We simply have our medicare premiums deducted from our social security "checks." Are you sending the premiums from your bank due to having delayed SS past 65? We just went on Medicare Part B for the first time on July 1, after my wife finally retired at 71 on June 30. SS has advised us our Part B p...
by fourwheelcycle
Fri Jul 31, 2020 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card( chase) application denied
Replies: 24
Views: 2195

Re: Credit card( chase) application denied

Ponticulus, Maybe if you had a well-established banking relationship with Chase someone on the banking side would go to bat for you. When I took over my elderly father's finances I closed-out his BoA credit card and tried to open a credit card at his long-established local bank. His finances were: a...