Search found 636 matches

by pennywise
Tue Jul 16, 2019 7:20 am
Forum: Personal Finance (Not Investing)
Topic: How have elderly parents affected your retirement?
Replies: 24
Views: 3946

Re: How have elderly parents affected your retirement?

Struggling with this issue now; I retired a few weeks ago and simultaneously my 85 year old widowed father has had a series of health and life management problems that required enormous time and attention to resolve. I literally left my office for the last time and drove him to urgent care! He is cu...
by pennywise
Sat Jul 13, 2019 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone inherited a obligation/burden/responsibility?
Replies: 76
Views: 7393

Re: Has anyone inherited a obligation/burden/responsibility?

We took care of a friend during his terminal illness and he left us his estate which included his two dogs. Our friend was quirky to say the least, a hoarder, brilliant with some mental issues. Both the animals were rescue dogs and he refused to train either let alone neuter them. So they were night...
by pennywise
Fri Jul 12, 2019 1:57 pm
Forum: Personal Consumer Issues
Topic: Survived the First Week [of retirement, what's next?]
Replies: 69
Views: 7707

Re: Survived the First Week [of retirement, what's next?]

Take your time. I find that one thing a lot of people do in retirement is take their time. When working, I spent 15-20 minutes reading the newspaper. In retirement, I spend hours reading (though online, not a physical paper). I used to try to grocery shop once a week. Now, if I go 2-3 times a week,...
by pennywise
Tue Jul 09, 2019 5:27 am
Forum: Personal Finance (Not Investing)
Topic: Elderly grandparents moving in with parents; what should they plan for?
Replies: 63
Views: 4806

Re: Elderly grandparents moving in with parents; what should they plan for?

Stats are lovely things to look at. The whole idea of "chances are..." when someone in their late 60s is caring for one elder with limited mobility and one with the challenges of dementia (and both of these conditions only get worse with time), the idea that this will be over "some day" is cold com...
by pennywise
Sun Jul 07, 2019 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: SS Spousal Benefits
Replies: 12
Views: 2022

Re: SS Spousal Benefits

There is a significant difference between spousal benefits and survivor benefits. OP is asking about spousal benefits (spouse alive and collecting social security benefits). Survivor benefits are when the spouse is dead and was collecting or would have been eligible for social security benefits. Th...
by pennywise
Sat Jul 06, 2019 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Elderly grandparents moving in with parents; what should they plan for?
Replies: 63
Views: 4806

Re: Elderly grandparents moving in with parents; what should they plan for?

From real life experience: weekly doctor appointments, hard transition especially for “memory problem” person, parents won’t be able to go anywhere together anymore, grandparents won’t ever get better just progressively worse, loss privacy and enjoyment in own home, like bad roommates that don’t ca...
by pennywise
Sat Jul 06, 2019 7:11 am
Forum: Personal Finance (Not Investing)
Topic: SS Spousal Benefits
Replies: 12
Views: 2022

Re: SS Spousal Benefits

Also, it won't be 50% of what her current benefit is, it will be 50% of her PIA since you are older than 66 - so more than you are thinking. If true this answers a major question I've had on using this particular strategy. I will turn 62 in August and my husband turns 66 a week later. He hasn't sta...
by pennywise
Sat Jun 29, 2019 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house for Mom - Pros, cons, pitfalls?.
Replies: 55
Views: 3500

Re: Buying a house for Mom - Pros, cons, pitfalls?.

Wow. That’s eye-opening. HOA fees can be something else. I’m still reading the comments. We’re wrangling with the financial side, and the harder part might be the people side. Yes, it sounds like your MIL has lived the female model of having someone-husband turned ex husband-provide for her financi...
by pennywise
Fri Jun 28, 2019 8:23 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 332
Views: 40685

Re: Roll Call for the Retirement Class of 2019!

I joined the class today, departing this afternoon from the University where I worked my entire career; 38 years total and the last 25 in one academic unit. Campus life in the summer is quiet anyway but in addition my (detested) boss was removed very suddenly from his position 2 weeks ago and a surp...
by pennywise
Sun Jun 23, 2019 6:23 am
Forum: Personal Consumer Issues
Topic: Suggestions for Wintering Over 2020
Replies: 14
Views: 1742

Re: Suggestions for Wintering Over 2020

I'll be spending the December holidays with family in Atlanta, but open after that for a few months. Short list: SW Florida and possibly, the Panhandle I'm sure this isn't news, but just in case-spring in southwest (or any part of South) Florida is the peak of the top of the high season with corres...
by pennywise
Thu Jun 20, 2019 5:56 am
Forum: US Chapters
Topic: Randomly Met Another Boglehead In Person
Replies: 7
Views: 1833

Re: Randomly Met Another Boglehead In Person

After I told my book club I was retiring, one member who had done so a few months earlier told me her husband had a lot of information he could send me. And so I received several links to Vanguard articles :D . They were astonished to realize there is an active SoFla Bogleheads chapter, and will be ...
by pennywise
Tue Jun 18, 2019 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 127
Views: 11726

Re: With hindsight, what signs indicated you were about to lose your job?

Thus, I resolved early on, to never be an employee. j :happy Agreed. There is no greater feeling in the working world knowing there is no one above you or has control over your fate outside of yourself. Doesn't happen very rare (maybe a couple of times) I've had a patient complain and want to talk ...
by pennywise
Sun Jun 16, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 127
Views: 11726

Re: With hindsight, what signs indicated you were about to lose your job?

I found my name on an Excel spreadsheet named, "layoff list" that somebody thought was a good idea to save on the company shared drive. (Actually, my co-worker found it and sent it to everybody.) Wow. Years ago I was a trainer and president of a local IT trainer association. One morning the entire ...
by pennywise
Thu Jun 13, 2019 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Is it Wise to Remove Escrow if Bank Allows it?
Replies: 87
Views: 5729

Re: Is it Wise to Remove Escrow if Bank Allows it?

We've only had 2 mortgages and in both cases the escrow account was not optional; the banks (different) required it as one of the loan conditions. Is it normal and customary that banks allow the borrower to decide if they wish to have property taxes and insurance escrowed? Truthfully I've been very ...
by pennywise
Wed Jun 12, 2019 6:30 am
Forum: Personal Finance (Not Investing)
Topic: How high of a Hurricane Deductible in FL? And is all Flood Insurance created the same?
Replies: 27
Views: 1870

Re: How high of a Hurricane Deductible in FL? And is all Flood Insurance created the same?

We've been homeowners in South Florida for 30 years so have seen a lot of homeowner insurance ups and downs. We were insured by USAA, but at some point the economics of doing so made no sense. IIRC, once the highest deductible level was set and the annual premiums factored in our out of pocket liabi...
by pennywise
Sun Jun 09, 2019 8:05 am
Forum: Personal Finance (Not Investing)
Topic: How to start outsourcing?
Replies: 21
Views: 2039

Re: How to start outsourcing?

Thank you for the responses so far. veindoc really nailed it, I'd love to set up systems that organize my problem areas with or without extra help. I'm tired of watching myself fail in these areas and want to make the investment to get it right whether it comes from outsourcing or another solution....
by pennywise
Fri Jun 07, 2019 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Value of Zillow house price estimate
Replies: 44
Views: 6075

Re: Value of Zillow house price estimate

I wonder what the actual Zillow‘s estimate value is for the house seller. My property was listed with a wrong footage and some other attributes were incorrect for many years and I didn’t pay attention. However as a result, the property is shown on the site below market I think I’m not sure if I hav...
by pennywise
Fri Jun 07, 2019 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 337
Views: 26082

Re: Selling home- Demanding Buyer (Repairs)

Here is where because buyer is financing it becomes an issue: Because buyer wants to finance, an appraisal is needed. Per my agent, an appraisal cannot be completed until septic amendment is signed. Financing complicates things. And since I'm not sure that licensed septic can schedule out and get t...
by pennywise
Fri Jun 07, 2019 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 337
Views: 26082

Re: Selling home- Demanding Buyer (Repairs)

Rascott- buyer came under contract at the end of April with the cash offer. Only after we negotiated all general repairs and gone back and forth with septic, did he disclose that he would be financing. You see a lot more of these in a week than I will in a lifetime, but is that common? We accepted ...
by pennywise
Fri Jun 07, 2019 7:01 am
Forum: Personal Consumer Issues
Topic: New Camry Questions
Replies: 54
Views: 2613

Re: New Camry Questions

Car decisions fit into a category I think of as cost-per-use analysis. For something that one uses daily and which affects daily health and well being, I'm always willing to spend more to get quality and additional helpful features. So I would pay the small premium for the additional features. Then ...
by pennywise
Fri Jun 07, 2019 7:00 am
Forum: Personal Consumer Issues
Topic: New Camry Questions
Replies: 54
Views: 2613

Re: New Camry Questions

Car decisions fit into a category I think of as cost-per-use analysis. For something that one uses daily and which affects daily health and well being, I'm always willing to spend more to get quality and additional helpful features. So I would pay the small premium for the additional features. Then ...
by pennywise
Mon Jun 03, 2019 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should All Grandkids Be Treated as Equal Members of Same Class?
Replies: 104
Views: 8152

Re: Should All Grandkids Be Treated as Equal Members of Same Class?

I've seen this situation twice. In my family of origin there were 2 sons; my dad and his brother. My father had 6 children, my uncle had 2. Uncle died young and one of his children did as well. My grandmother's will specified her estate (which was modest) was to be split equally with 50% going to my...
by pennywise
Sun Jun 02, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14869

Re: Can we afford to pay for our kid's college (at all)?

My son's biggest issue was that since he did so bad in HS, his acceptance options were extremely limited. He is gifted, but is a bit of a perfectionist. If he doesn't think he will be the best, he doesn't even try. It has caused him a lot of problems all through school since grade school. Everythin...
by pennywise
Sat May 25, 2019 6:33 am
Forum: Personal Consumer Issues
Topic: What has changed in new home construction over the years?
Replies: 49
Views: 6138

Re: What has changed in new home construction over the years?

As others have noted it's important to realize that shoddily built structures by definition don't last--so all those bunker like strong as iron good old days houses are here because, well, they were built to be bunker like and strong as iron. There were plenty of crappy builds back in the day too, t...
by pennywise
Sun May 19, 2019 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Now or One More Year?
Replies: 40
Views: 4793

Re: Update Now or One More Year?

Now I will see if I don't decide to not proceed since I have until the middle of June to change my mind. I'm already having second thoughts. I'm going to frame this in a non-financial model that of course impacts how you then reason out the finances. Developmental change is something we usually thi...
by pennywise
Fri May 17, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Probate costs?--I am the sole heir and the executor
Replies: 65
Views: 5852

Re: Probate costs?--I am the sole heir and the executor

The problem with this mentality is it might work out but typically rookie attorneys and/or attorneys who don't have enough business (why don't they have enough business?) will agree to such an arrangement. I would hire the best and not fret about the fees. Yes, paralegals do much of the paperwork i...
by pennywise
Thu May 16, 2019 1:01 pm
Forum: Investing - Theory, News & General
Topic: We’ve won the game...but how do we stop playing?
Replies: 76
Views: 8267

Re: We’ve won the game...but how do we stop playing?

Hi all. I love William Bernstein’s quote “ If you’ve won the game, stop playing .” But here is the issue: My grandmother has held seceral sector funds at Vanguard for decades (Healthcare, etc.) She has done extraordinarily well over many many years. (She has a very low portion in bonds. She is prob...
by pennywise
Thu May 16, 2019 6:40 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 332
Views: 40685

Re: Roll Call for the Retirement Class of 2019!

Following up on myself... I won't submit 'the letter' until June 1 but please add me to the retirement class roll: I will be retiring on June 30 after working at the same place, a university, for 38 years. I kept getting project assignments and calendar invites for fall commitments so....yesterday I...
by pennywise
Sat May 11, 2019 7:20 am
Forum: Personal Investments
Topic: Time to fire the financial assistant. Help me with the courage.
Replies: 41
Views: 4118

Re: Time to fire the financial assistant. Help me with the courage.

I do think I owe him a phone call though. It's a reasonably small shop -- not one of the biggies -- and she really did feel strongly about him. In the midst of the support for the actual decision, I think it is important to acknowledge that part of your feelings are probably tied in with your mothe...
by pennywise
Wed May 08, 2019 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: House selling - modern norms
Replies: 36
Views: 5357

Re: House selling - modern norms

If your parents' home is best marketed as a family dwelling, late summer/fall is a terrible time to list. Families want to start the process in spring and finish by summer so they can be moved in for the kids to start school. People with kids in school are often VERY reluctant to move midyear. Listi...
by pennywise
Wed May 08, 2019 1:52 pm
Forum: Personal Consumer Issues
Topic: Island life?
Replies: 54
Views: 6978

Re: Island life?

Although the Keys are a world class tourist destination the permanent population in Key Largo where we live is ~10,000. Population of Miami Dade county where we are moving from is ~2.7 million. You do the math for crowds, congestion and aggravation comparison :D . As someone who lives in rural Amer...
by pennywise
Wed May 08, 2019 7:42 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 332
Views: 40685

Re: Roll Call for the Retirement Class of 2019!

I won't submit 'the letter' until June 1 but please add me to the retirement class roll: I will be retiring on June 30 after working at the same place, a university, for 38 years. It's been a great run. The university gave me an education (it's also my alma mater), a husband :wink: (fellow alum and ...
by pennywise
Wed May 08, 2019 7:30 am
Forum: Personal Consumer Issues
Topic: Island life?
Replies: 54
Views: 6978

Re: Island life?

We are retiring to a house we bought 2 years ago in Key Largo; have been using it as a weekend/holiday getaway during that time. We live in Miami so it's an hour drive except on holidays or busy summer weekends. My husband retired January 1 so he's been down FT, I will join him at the end of June. H...
by pennywise
Mon May 06, 2019 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Educational pathway(s) for future engineer
Replies: 89
Views: 4061

Re: Educational pathway(s) for future engineer

He had the stats (high ACT and grades) for, and applied to, Georgia Tech and Michigan, among others, but, the whims of college admissions offices - such is life... He will be, in effect, significantly overqualified academically, compared to his typical on-campus peers . First, if this is his attitu...
by pennywise
Sun May 05, 2019 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Perspective [How much is left for spending in retirement?]
Replies: 47
Views: 4202

Re: Perspective [How much is left for spending in retirement?]

This has me (over)thinking just how valuable a $1M portfolio actually is. Let’s assume everything is in a tax-advantaged, traditional IRA. From this $1M total, you must take away taxes. You are good, but you can’t get away from paying Uncle Sam, so let’s say you can reasonably assume a 21% average ...
by pennywise
Sat May 04, 2019 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Technological literacy skills sought after by employers/possible job change
Replies: 26
Views: 2017

Re: Technological literacy skills sought after by employers/possible job change

I work in the non-profit industry and can work at a non-profit that serves any other industry. My problem is my workplace is behind in technology (like I said, we are using 25-year-old software). When I go to non-profit webinars and conferences, I am lost because I don't understand the basics. Most...
by pennywise
Thu May 02, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - success!!!
Replies: 102
Views: 13918

Re: Empty nester downsizing - any advice?

Also, why would you live in a less nice and spacious place at a stage in your life when you actually spend a lot more time there? If anything, I would like to upgrade, not downgrade... Enjoy the fruits of a lifetime of labor rather than going back to living more like I did when I was a student afte...
by pennywise
Thu May 02, 2019 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Very Delayed Posthumous Bill
Replies: 17
Views: 3755

Re: Very Delayed Posthumous Bill

Follow up: I received a copy yesterday of a certified letter the attorney sent to the county collections office, in which he informed them that the person who incurred the debt is dead, probate has been completed and the statute of limitations for creditors has passed. He also included a letter his ...
by pennywise
Wed May 01, 2019 6:12 am
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - success!!!
Replies: 102
Views: 13918

Re: Empty nester downsizing - any advice?

Photos don't take up much space if they're removed from frames/albums/etc. That's what we did. They're all still there, just in a secure container in a very small storage unit. I've been pleasantly surprised at how compact photos are once this is done. I 'inherited' all my mother in law's photo alb...
by pennywise
Tue Apr 30, 2019 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Very Delayed Posthumous Bill
Replies: 17
Views: 3755

Re: Very Delayed Posthumous Bill

I was an executor. If I were in your situation I wouldn't even have called the attorney, just contacted the billing department about the statute of limitations. I would probably follow up with a registered letter. Only if they started to play hard ball would I have had the attorney write them a let...
by pennywise
Tue Apr 30, 2019 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Very Delayed Posthumous Bill
Replies: 17
Views: 3755

Very Delayed Posthumous Bill

We inherited a friend's estate when he died in September 2013. Probate was closed in 2014 with all assets transferred to us including his home which we currently use as a rental property. My friend was ill for quite awhile and had no medical insurance, although he received care at greatly reduced ra...
by pennywise
Sun Apr 28, 2019 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: What are the cons of always being a one parent working household?
Replies: 134
Views: 8475

Re: What are the cons of always being a one parent working household?

miamivice wrote:
Sun Apr 28, 2019 1:38 pm
A stay at home parent goes grocery shopping, does laundry, cleans the house, repairs the house, cleans cars, review calendars and schedules, and the like while the kids are at school.
And a working parent does all that plus earns a living :wink:
by pennywise
Sun Apr 28, 2019 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: What are the cons of always being a one parent working household?
Replies: 134
Views: 8475

Re: What are the cons of always being a one parent working household?

Also, I’m pretty sure based on previous posts that the OP is talking about her stay-at-home husband, so her four kids have the example of a mom at work away from home and a dad at work caring for them in the home. Just as there are many roads to Dublin and financial independence, there are many roa...
by pennywise
Mon Apr 22, 2019 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Assisted living and nursing home expenses
Replies: 27
Views: 1860

Re: Assisted living and nursing home expenses

Another voice to agree she needs to be close to you. It’s great she has had her sister as caretaker but dementia responsibility is a whole other ball game. For one thing there’s absolutely no way to predict how your mothers attitude may shift as the disease takes hold. She may decide her sister is a...
by pennywise
Wed Apr 17, 2019 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Can I semi-retire now?
Replies: 138
Views: 12971

Re: Can I semi-retire now?

What is a surprise, to me, is that the modern man, is willing to quit because of stress and send his wife to the office in his place! In my world that's inexcusable - I'd say more but don't want to be flagged as unkind. I realize work is stressful; the young men doing multiple tours in warzones sho...
by pennywise
Tue Apr 16, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Parents added siblings and I to house title, possible to undo without negative consequences?
Replies: 37
Views: 1641

Re: Parents added siblings and I to house title, possible to undo without negative consequences?

I think if you are on the title, if/when you inherit the house on the second parent's passing your basis will be the date you were added. Otherwise the basis would be the value on the date of that parent's death. That is a HUGE factor since capital gains are figured against that number; should you a...
by pennywise
Sat Apr 13, 2019 7:10 am
Forum: Personal Consumer Issues
Topic: Ingenious Way To Find Reasonably Priced Painter
Replies: 57
Views: 6316

Re: Ingenious Way To Find Reasonably Priced Painter

I come across to the painters as pleasant but somewhat informed and educated. Hmm, sounds like that is what you believe--I surmise that you may actually come across to painters as one of 'those' customers: a know it all guy who wants to nickel and dime them on a job. You bring in a painter and say ...
by pennywise
Mon Apr 08, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: can I afford second home purchase with retirement funds
Replies: 19
Views: 2379

Re: can I afford second home purchase with retirement funds

Good comments upthread. IMHO, real estate is always more expensive than it first appears. Ugh, as my DH and I get older, we just want Less-To-Do and Less-To-Manage. We recently offloaded a Manhattan apartment and even though it was totally low maintenance (in terms of work because we had a super to...
by pennywise
Sat Apr 06, 2019 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8742

Re: Married couples: can you have a team mentality with separate finances?

right it is just a mechanism so that if wife wants to spend a few hundred dollars a year on dance classes which I think are completely dumb, she can do so without me criticizing her spending money on it, and she cant complain about my spending on areas that she wouldn't agree to spend money on like...
by pennywise
Sat Apr 06, 2019 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8742

Re: Married couples: can you have a team mentality with separate finances?

Just out of curiosity — is there no one on this thread who feels that if one spouse builds a successful career or business, then they should be the primary beneficiary of that hard work and not their spouse? This is my husband's point of view. Take Jeff and Mackenzie Bezos for example. Of course we...