Search found 164 matches

by grandmacassie
Wed Sep 26, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house in retirement??
Replies: 23
Views: 3805

Re: Buying house in retirement??

My Mom settled on a new house on her 90th birthday, 5 years ago. She still lives in it, alone. She did not try to get a conventional mortgage, but took a loan against the value of her taxable portfolio from her brokerage. The loan was about $250K. Once she sold her old house, she paid off the portfo...
by grandmacassie
Wed Aug 01, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefits Only
Replies: 6
Views: 947

Re: Social Security Spousal Benefits Only

DH and I just did this last winter. We submitted the application on Valentines Day, but "notice of award" was not issued until May 29. So my advice is be patient. SS is good about paying your back benefits when they finally get around to approving your application.
by grandmacassie
Tue Jun 12, 2018 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Life Insurance policy to transfer wealth
Replies: 12
Views: 1393

Re: Life Insurance policy to transfer wealth

Couldn't you gift up to $15,000/year* to each of your kids without any tax consequence at all? This accomplishes two things: it puts $$ in your kids' pockets in the high expense years of growing families, and it allows you the flexibility to suspend the gifts at any time should market conditions and...
by grandmacassie
Thu May 17, 2018 11:49 am
Forum: Personal Consumer Issues
Topic: 2018 Yellowstone Trip advice needed
Replies: 20
Views: 1643

Re: 2018 Yellowstone Trip advice needed

Oops, I mentioned the wrong McPhee books. Rising from the Plain is the one... but all are wonderful!
by grandmacassie
Wed Apr 25, 2018 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: “Gradually simplify” your portfolio, or all at once?
Replies: 17
Views: 1858

Re: “Gradually simplify” your portfolio, or all at once?

I haven't had to simplify much - been using Bogle principles a long time. But we all read threads from folks with multiple positions in multiple accounts. If I were in that situation, I would unwind/simplify deliberately and step-by-step. I would want to make sure each transaction was completed accu...
by grandmacassie
Mon Apr 23, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: How long does a will last? [Time to settle the estate]
Replies: 43
Views: 4506

Re: How long does a will last?

I think 9 months to a year is routine to settle an estate.

Once a wills and estates attorney told me of his response to family members who nag him for "their" money during the estate settlement process. "If you are so desperate for this money, what would you have done if (loved one) had lived?"
by grandmacassie
Sun Apr 22, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Condo mortgage for seniors
Replies: 2
Views: 591

Re: Condo mortgage for seniors

On her 90th birthday, my mother bought a single family home for herself. She didn't bother with all the rigamarole of trying to get a mortgage at her advanced age. She simply took out a loan at her brokerage against the value of her portfolio. She aggressively paid it off over 4 years and using the ...
by grandmacassie
Fri Apr 20, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 34
Views: 3906

Re: Applying for Social Security Online

DH filed (we both went to the SS office in person) for restricted spousal benefits on 2.13.18. He has checked weekly online and application is listed as "processing". We brought IDs, original SS cards, and original marriage certif from 1970's, which were all copied. I think y'all are getting better ...
by grandmacassie
Sun Apr 08, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 15249

Re: Ivy school education. Is it worth it?

I asked our son that very question once. (We paid for his undergraduate education.) He said "The distinctive thing is that nobody there saw any limit to what they could accomplish if they set their mind to it." FWIW
by grandmacassie
Fri Apr 06, 2018 11:14 am
Forum: Forum Issues and Administration
Topic: New Board Index Topic - Retirement Planning
Replies: 51
Views: 8521

Re: More Attention To Retirees' Portfolios

I second that idea. DH and I will begin the "decumulation" phase on 1/1/2020. It would be nice to have a subforum related to the unique questions that arise in decumulation. And we baby boomers are going to retiring at higher and higher rates in the next 10 years, so there will be more and more of u...
by grandmacassie
Wed Mar 21, 2018 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Spousal Social Security
Replies: 14
Views: 1799

Re: Spousal Social Security

We did exactly what you have described. Application date (in person with documents like marriage license from 1974) on Feb 13, 2018. We have yet to receive an approval from SS. I check status online weekly and get the message "processing" All of which is to say that you should apply for spousal rest...
by grandmacassie
Mon Mar 19, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: conversation about finances/spending with significant other?
Replies: 33
Views: 2955

Re: conversation about finances/spending with significant other?

You said that whenever BF has a down day he likes to treat himself to a new pair of shoes. This is a red flag to me. It sounds as if he is trying to use "stuff" and spending to meet his emotional needs. This can be a very slippery slope. (Ever watch "Hoarders" on TV?) Perhaps the conversation you ne...
by grandmacassie
Wed Mar 14, 2018 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Would like to retire Jan. 2, 2019, can I do it?
Replies: 37
Views: 4069

Re: Would like to retire Jan. 2, 2019, can I do it?

It seems to me that once you are ready to retire, your whole portfolio is available for emergencies. So I wouldn't stress so much about an emergency fund other than keeping a reasonable amount in readlily liquid funds (CDs) in case you need a new heating system, roof or other big ticket item. Others...
by grandmacassie
Fri Feb 16, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Reporting LTC Benefit onTaxes
Replies: 3
Views: 456

Re: Reporting LTC Benefit onTaxes

I get it now. You use form 8853 to report and "net out" the LTC insurance reimbursements from the LTC expenses.

Thank you all so much!
by grandmacassie
Thu Feb 15, 2018 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting LTC Benefit onTaxes
Replies: 3
Views: 456

Reporting LTC Benefit onTaxes

Hi, gang I'm working on the tax return for dear MIL, who is a resident of a skilled nursing facility. I'm using H&R Block software. She has received a Form 1099-LTC statement from her LTC insurer, showing the amount they reimbursed for her care. Reimbursement is based on a set $$ amount per day.. Th...
by grandmacassie
Sun Jan 07, 2018 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Missing a Long Term Financial Goal
Replies: 32
Views: 4311

Re: Disappointed in Missing a Long Term Financial Goal

Please don’t be concerned about some arbitrary goal. Keep on living below your means, and meeting your saving/investing plans. You are doing well for your age. Play the long game.
by grandmacassie
Thu Dec 28, 2017 12:49 pm
Forum: Personal Consumer Issues
Topic: What non fiction book will you be reading in 2018?
Replies: 151
Views: 12397

Re: What non fiction book will you be reading in 2018?

Here's my non-fiction book club's list for 2018: The River of Consciousness - Oliver Sacks The General vs the President:MacArthur and Truman at the Brink of Nuclear War - H.W. Brands The Hidden Life of Trees -Peter Wohlleben A Crack in Creation: Gene Editing and the Unthinkable Power to Control Evol...
by grandmacassie
Mon Dec 18, 2017 11:59 am
Forum: Personal Consumer Issues
Topic: US National Parks
Replies: 36
Views: 3556

Re: US National Parks

I have done all the above parks and here is my advice. (My advice presumes you are not an avid hiker/climber who will spend nights camping in the back country.) Yellowstone and Grand Teton and be done together in a one-week trip. Yosemite can be done in 4-5 days to include a visit to the Mariposa Gr...
by grandmacassie
Tue Dec 05, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Newport Group servicing 403bs for Vanguard?
Replies: 8
Views: 933

Re: Newport Group servicing 403bs for Vanguard?

Update from OP I finally got thru to Newport Group and they were helpful. Now we'll see if the rollover actually takes place smoothly. You astute Bogleheads were correct. My former employer was such a small entity that they had a non-ERISA plan. Interestingly, Newport's rep told me that they cannot ...
by grandmacassie
Tue Dec 05, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Newport Group servicing 403bs for Vanguard?
Replies: 8
Views: 933

Re: Newport Group servicing 403bs for Vanguard?

I'm pretty sure it was Vanguard. We chatted about other topics, like changing from Mutual Fund to Brokerage platform and the rep seemed to be able to view my accounts.
by grandmacassie
Tue Dec 05, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Newport Group servicing 403bs for Vanguard?
Replies: 8
Views: 933

Newport Group servicing 403bs for Vanguard?

This AM I called Vanguard to determine if I could roll my Vanguard 403b from a previous employer into my tIRA that Vanguard also holds. They told me that I could, but that Vanguard has contracted with some company named Newport Group to handle all their 403b work and gave me Newport's number. Since ...
by grandmacassie
Wed Nov 22, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Uber hacked - identities of 57 million exposed
Replies: 11
Views: 2464

Re: Uber hacked - identities of 57 million exposed

And after paying the extortion fee, Uber assured itself that the data was really deleted---how?
by grandmacassie
Wed Nov 22, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: 501(c)(3) Public-Charity or a Private Foundation?
Replies: 32
Views: 1834

Re: 501(c)(3) Public-Charity or a Private Foundation?

I think there are pitfalls to what you are suggesting and a better and easier way to accomplish what you want. Community foundations operate in many many communities/regions in the US. They are public charities that typically manage the assets of a various endowments according to the charitable inte...
by grandmacassie
Thu Nov 02, 2017 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Giving up on Quicken? (and expense tracking software altogether)
Replies: 73
Views: 8161

Re: Giving up on Quicken? (and expense tracking software altogether)

I've used Quicken for 20 years and also have never downloaded anything. I will no longer upgrade and probably use the 2013 version as long as I can. I also reconcile my accounts every month. Found a bank error in May 2017.
by grandmacassie
Thu Oct 26, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to a K-1. What do I need to know?
Replies: 15
Views: 1954

Re: Moving to a K-1. What do I need to know?

DH went K-1 many years ago. One thing that hasn't been mentioned is that you not only have to make your quarterly income tax payments, you have to pay FICA (both sides!) and medicare taxes as part of that quarterly tax payment. I think both sides of FICA amounts to over 15%, so I hope you are gettin...
by grandmacassie
Fri Oct 20, 2017 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Gifting taxable account with large capital gains to college children
Replies: 11
Views: 1003

Re: Gifting taxable account with large capital gains to college children

If I was in your situation and I wanted to help my kids, I'd pay off student loans after they graduated. Since you have 2 with $8k loans, I'd earmark $8k for each of your 3 kids. After each successfully graduates, I'd pay off that 8k loan, asking each kid not to tell the siblings. My notion is that ...
by grandmacassie
Thu Sep 14, 2017 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Can my elderly mother deduct the entire cost of memory care from her taxes?
Replies: 11
Views: 1687

Re: Can my elderly mother deduct the entire cost of memory care from her taxes?

To your original question about taxes. Dear MIL is in a specialized Alzheimer's unit. Her annual income is about $50K. Her health and care expenses, net of reimbursement by LTCI, are about 90K. The 40K difference is paid from her assets. She pays no federal tax. An enrolled agent prepares her tax re...
by grandmacassie
Fri Sep 01, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Maximum Medical Deduction
Replies: 9
Views: 1261

Re: Maximum Medical Deduction

So sorry for your troubles. Your wife is fortunate to have such a devoted husband. Dear MIL has been in dementia care for 2 years now. Her expenses far exceed her income, even with LTC insurance. The burn rate for her assets is 6K/month. Her tax return is prepared by an enrolled agent. She pays no f...
by grandmacassie
Sun Jul 09, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to get (qualify for) a mortgage in retirement.
Replies: 20
Views: 2026

Re: How to get (qualify for) a mortgage in retirement.

Here's another perspective. My mother moved from her home of 40 years to a smaller, more convenient and handicap accessible home at age 90. She had not sold her old house at time of settlement. What she did was take a loan against her taxable assets through her brokerage house. When her old house so...
by grandmacassie
Sun Jun 11, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Joint bank account w/parent or not?
Replies: 28
Views: 3996

Re: Joint bank account w/parent or not?

We need to be careful with terminology. Joint ownership is one thing, has a legal meaning (and comes in different flavors, I think) and comes with benefits and pitfalls as previously noted. "Putting your name on an account" can mean anything. In our case, DH had POA for his mom. As she aged, she add...
by grandmacassie
Wed May 10, 2017 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: Ascensus Trust?
Replies: 3
Views: 594

Re: Ascensus Trust?

DH's 401(k) has been with Ascensus for several years now. It is mostly invested in Vanguard funds. They seem OK, web site does what I need it to. The major complaint I have is that the printed quarterly statements are sooo slow in arriving. For example, we just got the statement for the 1st quarter ...
by grandmacassie
Thu Apr 27, 2017 10:56 am
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 154
Views: 35788

"Invited" to change to Vang Brokerage

[Thread merged into here, see below. --admin LadyGeek] Hi, all W have received an e-mail from Vanguard "inviting" us to switch from a mutual fund account to a brokerage account. My sense, from what I have read on this forum, is that Vanguard will be requiring this of all accounts moving forward. Am...
by grandmacassie
Wed Mar 15, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Father is 90, taking over his investments
Replies: 23
Views: 3566

Re: Father is 90, taking over his investments

We are in precisely the same situation with dear MIL, except that her physical health is not too bad. But her expenses are similar. I think great2boutdoors gave you great advice. In our case, when we sold the family home, the money went into a ladder of CDs for her care. This amounts to about half h...
by grandmacassie
Fri Mar 10, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: What method do you use to connect Quicken to your bank, brokerage
Replies: 18
Views: 2168

Re: What method do you use to connect Quicken to your bank, brokerage

I use Quicken. I do not have it connect to any financial institution online. I pay bills online from my bank, then enter transactions into Quicken manually. Just my Luddite security system.
by grandmacassie
Fri Mar 10, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: 28yo, New Millionaire, Advice on Wealth Management
Replies: 64
Views: 9095

Re: 28yo, New Millionaire, Advice on Wealth Management

You can do this on your own. Hang around on this site, take some time to develop an investment policy for yourself (read the wiki), look at and consider Taylor's three fund portfolio. Will you continue working? If so, you have the financial means never to work at a job unless you want to. Congrats a...
by grandmacassie
Thu Feb 09, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: I Came Away Impressed with Social Security Enrollment Process
Replies: 21
Views: 3126

Re: I Came Away Impressed with Social Security Enrollment Process

I have likewise had very friendly and competent assistance on the phone from SS reps. It's nice that you can set a time for a phone appointment and they call you back at the appointed time. Like any large institutional agency, problems can arise, but let's give credit where credit is due. In my expe...
by grandmacassie
Tue Feb 07, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Transition from private insurance to Medicare
Replies: 21
Views: 1874

Re: Transition from private insurance to Medicare

DH and I just transitioned to Medicare in November '16 and January '17 respectively. Although DH is still working, the employer is small (fewer than 20 on the group insurance) and so transition to both Parts A and B was required. Medicare was effective the first day of the month in which we turned 6...
by grandmacassie
Sun Feb 05, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Do you account for likely life expectancy in retirement?
Replies: 63
Views: 6307

Re: Do you account for likely life expectancy in retirement?

I'm using 100 as a planning tool, but also plan to give up all my good health habits starting at age 80. (ice cream parlors, here I come!) Based on observations of family, it is possible to live a long time with a poor (and extremely expensive) quality of life. I really don't want that.
by grandmacassie
Sun Feb 05, 2017 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 516
Views: 77559

Re: Quicken's future direction - a cause for concern

I've been using Quicken for ages. I don't even know how long. But I stopped upgrading after the 2013 version b/c they were requiring use of online data and downloads, etc. I am distrustful of loading all my info into cyberspace. I am happy to manually enter my data. I'll continue to use my old versi...
by grandmacassie
Mon Jan 30, 2017 5:20 pm
Forum: Investing - Theory, News & General
Topic: Stock market optimism
Replies: 38
Views: 4959

Re: Stock market optimism

Isn't the unpredictability of markets the reason we Bogleheads carefully evaluate our risk tolerance and invest accordingly? Why would we change anything?
by grandmacassie
Wed Jan 25, 2017 8:37 am
Forum: Personal Consumer Issues
Topic: Visiting Princeton/Philadelphia, where to stay
Replies: 24
Views: 1827

Re: Visiting Princeton/Philadelphia, where to stay

We were just there last weekend. Since there are 3 of you, you might like the Embassy Suites on 18th near Ben Franklin Parkway. It is located right near the Franklin Institute and other museums. You can walk to Reading Terminal Market and Liberty Bell area (our 4 year old granddaughter did it). This...
by grandmacassie
Wed Jan 18, 2017 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: 2010 Honda Accord Question
Replies: 9
Views: 1229

Re: 2010 Honda Accord Question

We have an 09 Accord ( 4 cyl.,90K miles) and a 10 Accord (6 cyl, 120K) Neither one has ever need a mechanical repair of any kind (knock wood). We are careful about getting oil changes and other maintenance done as per recommendations. We've had 5 Hondas over the years. The only repair I can remember...
by grandmacassie
Mon Jan 16, 2017 1:43 pm
Forum: Personal Consumer Issues
Topic: Found! [What to do with old books]
Replies: 26
Views: 3645

Found! [What to do with old books]

Hi, Boglefriends, Today I was cleaning our one of my overstuffed bookcases to remove some clutter for our local library's book sale. (Do you think it is safe to give away my college copy of The Canterbury Tales?) Imagine my surprise when I came across a copy of "Common Sense on Mutual Funds" autogra...
by grandmacassie
Sun Jan 08, 2017 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Purchase of vacation home from friend
Replies: 3
Views: 705

Re: Purchase of vacation home from friend

I second that! We also have a vacation home. We love it, but consider it a toy and a luxury, not an investment.
by grandmacassie
Tue Jan 03, 2017 11:51 am
Forum: Personal Consumer Issues
Topic: Yellowstone Tours Vs. Self-Guided
Replies: 28
Views: 4017

Re: Yellowstone Tours Vs. Self-Guided

My advice is to explore on your own and allow for serendipity. Lots of times another visitor will have spotted wildlife and everybody pulls over go get a glimpse. Putting yourself on a bus schedule eliminates lots of chances to see things. We saw grizzlies and a band of wolves this way - just happen...
by grandmacassie
Fri Dec 30, 2016 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Multi Millionaire with no credit rating
Replies: 52
Views: 6627

Re: Multi Millionaire with no credit rating

I'm surprised that nobody has suggested this solution to begin a credit rating. Go to the bank where you have an account and ask them to set you up with a "secured" credit card. This means that you put, say, $1,000 in their bank in a savings account and agree to let them tap monies from that account...
by grandmacassie
Wed Dec 28, 2016 8:34 pm
Forum: Personal Consumer Issues
Topic: France or Switzerland
Replies: 52
Views: 6385

Re: France or Switzerland

Switzerland is wicked expensive.
by grandmacassie
Wed Dec 28, 2016 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home at 56?
Replies: 23
Views: 2374

Re: Buying a home at 56?

My mother bought a house on her 90th birthday -- 3 years ago.
by grandmacassie
Tue Dec 20, 2016 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio
Replies: 11
Views: 1533

Re: Help with portfolio

Not your question, but........I had an employer once with the same extremely stingy match arrangement. It means that if you put in $500/month for a year, your employer will contribute a whopping $600 that year. In the long run you might want to look for an employer with a better match offering. Nobo...
by grandmacassie
Sat Nov 26, 2016 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in the 80's when CD rates were 17%?
Replies: 74
Views: 9994

Re: Investing in the 80's when CD rates were 17%?

Ahem. Anybody remember what mortgage rates were at the time? Seems to me my first mortgage was at 9.75%. Maybe 9.5. That was with 20% down and 30 year term. Made purchasing a house pretty difficult.