Search found 1377 matches

by gasdoc
Tue Apr 24, 2018 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Structuring Newlywed Finances for Fairness and Less Arguments
Replies: 84
Views: 5839

Re: Structuring Newlywed Finances for Fairness and Less Arguments

My DW doesn't really like to talk about money much, though she is fiscally conservative. All of our money goes in one pot, and we each spend money as we feel the need/wants. I make much more money than she does, but I would hate to divide up the expenses by who makes more. Just doesn't sound good. W...
by gasdoc
Sun Apr 22, 2018 8:48 am
Forum: Personal Consumer Issues
Topic: New retirees: so whatdayathink ?
Replies: 80
Views: 8203

Re: New retirees: so whatdayathink ?

I was reading this thread to my wife (out loud) and she says, "let's retire today." We have a plan, however, and will stick to the plan. Thanks to everyone contributing to this thread. Great topic, OP!

Gasdoc
by gasdoc
Tue Apr 17, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 9368

Re: Got hit with a $2800 Medical bill. Can I negotiate?

When I received my final hospital bill last summer, I called as I knew they offered payment plans with no interest. My MIL paid two of her hospital bills with payment plans. I asked the billing rep, and she said I could use a payment plan, or pay immediately with a 20%-25% discount. I jumped on the...
by gasdoc
Tue Apr 17, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 9368

Re: Got hit with a $2800 Medical bill. Can I negotiate?

Call the provider(s) and tell them the situation. They will probably offer to put you on a payment plan with some sort of incentive/discount for prompt payment.

gasdoc
by gasdoc
Tue Apr 17, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: For those that re-invest dividends automatically...
Replies: 15
Views: 2294

Re: For those that re-invest dividends automatically...

Whenever you get a dividend, the share price of your investment drops by the amount of the dividend. The result of reinvesting a dividend is that your overall balance stays the same. Any money you put into your retirement account(s) counts as saving/investing. Any money you take out counts as a wit...
by gasdoc
Mon Apr 16, 2018 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Would you switch investment advisor to save $3000+/yr?
Replies: 24
Views: 3341

Re: Would you switch investment advisor to save $3000+/yr?

Thanks for the replies so far. Portfolio value is ~1.3MM. Current advisor does TLH, pre-fills RMD/Roth conversion forms for signature. My father is pretty hands off. He basically does whatever the advisor recommends. In 2008, he never once questioned all the rebalancing to the bottom of the bear ma...
by gasdoc
Fri Apr 13, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: DAF question
Replies: 18
Views: 1144

Re: DAF question

Also, my understanding is that the organization making the donation is officially the DAF, not YOU. YOU donated to the DAF, and now YOU only get to make recommendations as to whom the donations go. My understanding from the Vanguard web site is that Vanguard is not legally required to donate to the ...
by gasdoc
Fri Apr 13, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Family shared real estate purchase - how to best structure?
Replies: 20
Views: 1571

Re: Family shared real estate purchase - how to best structure?

Lots of stories of sibs that buy things together, and things happen. Let's say the parents pass away. One sib wants to keep the house for sentimental reasons. One decides to move in to save a few bucks. One wants to sell immediately because times are tough. Very messy. I would find another way. gasdoc
by gasdoc
Wed Apr 11, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Active Adult Retirement Communities
Replies: 36
Views: 3645

Re: Active Adult Retirement Communities

We own a home in "The Villages." It is a very large community covering now like 5 zip codes. Like any large city, there are all kinds of people. I have never run into a "swinger," but I am sure they exist. There are also multiple churches, political clubs on both sides, etc. It is large enough, and ...
by gasdoc
Tue Apr 10, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Prescription drug costs
Replies: 22
Views: 1218

Re: Prescription drug costs

I thought the price comparison for 5 sample drugs among various outlets was interesting. Costco was generally the cheapest among brick-and-mortar places. The one thing that surprised me was the CVS/Target was most expensive (of those in the sample). My brother recently had to change his prescriptio...
by gasdoc
Tue Apr 10, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Prescription drug costs
Replies: 22
Views: 1218

Re: Prescription drug costs

Try Good RX, a free online discount company, that essentially gives you all of the negotiated "cash" prices of all of the pharmacies in the area you designate. I've also used Canadian companies for asthma inhalers.

gasdoc
by gasdoc
Mon Apr 09, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Will I catch up saving for retirement?
Replies: 54
Views: 4480

Re: Will I catch up saving for retirement?

At your age, I was about (-)$100K, and I'm doing just fine now. I think you will make it.

gasdoc
by gasdoc
Thu Apr 05, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Second home [buy with retirement funds?]
Replies: 51
Views: 2961

Re: Second home [buy with retirement funds?]

Thanks all. I think we really want to do this and it makes sense to have somewhere we can go on spur of the moment. We are both retired so can go whenever we like. I would mostly want to rent it out in the winter season, saving a month for ourselves. Rent is at a premium then. It's hard to go throu...
by gasdoc
Thu Apr 05, 2018 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Second home [buy with retirement funds?]
Replies: 51
Views: 2961

Re: Second home [buy with retirement funds?]

If I were you I would pay cash for the house and do the deal. Why deal with mortgage banks? Financially, a second home is not a good investment. But even if you took $1M to pay for the vacation home and immediate expenses, you have $3M still invested. At a 3% annual withdrawal rate, you still have $...
by gasdoc
Mon Apr 02, 2018 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10686

Re: What age is the best to give a child control of an inheritance?

gasman wrote:
Mon Apr 02, 2018 7:58 pm
Our trusts dictate 1/3 at age 30. 1/3 age 35. 1/3 age 40.
I like that.

Gasdoc
by gasdoc
Mon Apr 02, 2018 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 55, what's the magic number
Replies: 90
Views: 10002

Re: Retire at 55, what's the magic number

I am using 30X expenses, but assuming SocSec is $0.

Gasdoc
by gasdoc
Mon Apr 02, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10686

Re: What age is the best to give a child control of an inheritance?

If DD continues on her premed/med path, there will be little time to truly learn money management, other than maybe simple budgeting. A medical education is pretty much all in, with little time for "hobbies." I wouldn't expect her to have much time prior to age 35 to educate herself in areas outsid...
by gasdoc
Mon Apr 02, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10686

Re: What age is the best to give a child control of an inheritance?

This is the OP. I have enjoyed the discussion. I have a couple of points: 1) If DD continues on her premed/med path, there will be little time to truly learn money management, other than maybe simple budgeting. A medical education is pretty much all in, with little time for "hobbies." I wouldn't exp...
by gasdoc
Sun Apr 01, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10686

Re: What age is the best to give a child control of an inheritance?

Thanks, all. I am still reading, but can't comment on each post. I wish I could. Each one adds more for me/us to consider.

gasdoc
by gasdoc
Sun Apr 01, 2018 6:46 am
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10686

Re: What age is the best to give a child control of an inheritance?

Thank you, again, for all of the thoughtful comments. I will add that for those saying "give her money earlier to learn to manage," there are no actual plans to leave a large inheritance, other than it is very difficult to plan the exact year of one's death. I wouldn't mind spending down the account...
by gasdoc
Sat Mar 31, 2018 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10686

Re: What age is the best to give a child control of an inheritance?

She is a premed student..... For perspective in a few years peoples lives could be depending on her judgement if she becomes a doctor. The funds should already be set up in a stable portfolio and you should have an IPS written up to explain how the money should be managed so it should not require a...
by gasdoc
Sat Mar 31, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10686

Re: What age is the best to give a child control of an inheritance?

Successor trustee and co-corporate trustee and or trust protector. Incremental distributions. Spendthrift provisions. Provisions to limit redirection of funds not for her benefit, etc, etc. Refer to “Beyond the Grave” by Condon. J🌺🌺🌺 Thanks, Sandtrap, I actually read that book a year ago or so. It ...
by gasdoc
Sat Mar 31, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10686

Re: What age is the best to give a child control of an inheritance?

Thanks for the responses so far. I guess if we passed away tomorrow, I would be comfortable with age 35.... DW just told me she thought age 40 is too late. Younger than 35 is too young if DD was just getting through with her education or was still in the process. And it can always be changed (again)...
by gasdoc
Sat Mar 31, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10686

Re: What age is the best to give a child control of an inheritance?

I think it totally depends on the kid. It would probably be wise to assume the worst at first when they are young (assume they are a spendthrift, etc.) and have an older control age in will. As you live longer and see his or her personality develop you could tweak your will and make the age younger...
by gasdoc
Sat Mar 31, 2018 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10686

Re: What age is the best to give a child control of an inheritance?

OP, 50% of the lottery winners went bankrupt 10 years after they won the lottery. KlangFool KlangFool, that is precisely what I would like to prevent!!! Up until now, she has a small Roth IRA which she manages, which is invested in one of Vanguard's fund-of-funds, though I don't at the moment remem...
by gasdoc
Sat Mar 31, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: medical practice reimbursement issues
Replies: 35
Views: 2478

Re: medical practice reimbursement issues

Thanks for the responses...i'll pass the key points on to him. Does any one else think he may have an argument for mismanagement of the AR? I feel certain he has a claim for payments received by the practice but not allocated to him for his services. But wasn't sure he could hold them accountable f...
by gasdoc
Sat Mar 31, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10686

What age is the best to give a child control of an inheritance?

DW and I are considering re-doing our wills. The last time we did this, our only child was an infant. She is now a college freshman. Our current will sets up a trust on our passing, and gives full control of the funds to DD at age 35. Now, I am wondering if that is the appropriate age. She is a prem...
by gasdoc
Sat Mar 31, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: medical practice reimbursement issues
Replies: 35
Views: 2478

Re: medical practice reimbursement issues

get paid in terms of billed RVUs. base + $/RVU + bonus... problem solved. also, depending on your contract, you may be able to make a claim for mismanagement of the Accounts receivable. Not so fast!!! I think the bottom line point here is never accept a contract where factors outside of your contro...
by gasdoc
Sat Mar 31, 2018 7:18 am
Forum: Personal Finance (Not Investing)
Topic: HSA contribution
Replies: 10
Views: 1267

Re: HSA contribution

I am up to about $50K+ in mine. From another thread, others have much more. It certainly can make a difference in time.

gasdoc
by gasdoc
Thu Mar 29, 2018 7:27 am
Forum: Personal Consumer Issues
Topic: Question for physicians-- is my taking call worth it?
Replies: 61
Views: 6466

Re: Question for physicians-- is my taking call worth it?

I'm not a doctor, but to those of you saying it's not worth it, what if every <fill in type of specialist> in the area declined to take any calls from the county hospital? Shouldn't the poor have access to emergency care? I think it would be more fair if all the doctors of a specialty decided they ...
by gasdoc
Thu Mar 29, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Living Expense Caught Up To Income
Replies: 48
Views: 6964

Re: Living Expense Caught Up To Income

My prediction is that once you are in the house, assuming you get the mortgage, you will feel even worse about your precarious financial situation than you think you will. If you think surprise car expenses are a pain, wait until you start to get surprise house expenses, especially on a new (for you...
by gasdoc
Wed Mar 28, 2018 5:31 pm
Forum: Personal Consumer Issues
Topic: Checklist for Parents of Incoming Freshmen/To-Be Adult
Replies: 67
Views: 3945

Re: Checklist for Parents of Incoming Freshmen/To-Be Adult

Many of you are recommending to get a credit card and start building credit. Did you add your son/daughter to your credit card or did they apply for an individual credit card ? Also, any recommendations on what credit card is best for starters ? DD is not going to be "building credit" except from b...
by gasdoc
Tue Mar 27, 2018 6:27 pm
Forum: Personal Consumer Issues
Topic: Checklist for Parents of Incoming Freshmen/To-Be Adult
Replies: 67
Views: 3945

Re: Checklist for Parents of Incoming Freshmen/To-Be Adult

DD set up her own checking account- as an adult, with her own debit card. She has the use of our credit card as an authorized user, used only with permission, in situations where we agree to pay for something for her.

gasdeoc
by gasdoc
Tue Mar 27, 2018 6:21 am
Forum: Personal Consumer Issues
Topic: Question for physicians-- is my taking call worth it?
Replies: 61
Views: 6466

Re: Question for physicians-- is my taking call worth it?

I believe there is always a way to "cut back" on the call. You just have to get out of the mindset that all physicians have that says they have to always give 100% to everything and be ultra-competitive. It is in our genes. Once you start to say, "no thanks, I am working as much as I care to," it ge...
by gasdoc
Mon Mar 26, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: How many maintenance days for a vacation rental?
Replies: 0
Views: 328

How many maintenance days for a vacation rental?

We own a vacation rental home in Florida. We would like to plan for some owner use before we know what the number of rental days will be for 2018. We know we can use it ourselves at least two weeks per year. But how many weeks is typical for maintenance of the unit and how do you document the mainte...
by gasdoc
Fri Mar 23, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Limit Owner Use of Rental Home to Two Weeks?
Replies: 23
Views: 3917

Re: Limit Owner Use of Rental Home to Two Weeks?

I am bringing back an old thread to ask a followup question: How many days per year do people generally claim as "maintenance" days?

gasdoc
by gasdoc
Thu Mar 22, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Cash Balance Defined Benefit Plan
Replies: 17
Views: 2033

Re: Cash Balance Defined Benefit Plan

Thanks, g$$, that makes sense! Any ideas as to the other question? What should a Cash Balance plan cost (tpa / recordkeeping / actuary costs) and what are the better low-cost providers? Thanks! I am self-employed, and have my own defined benefit plan. I pay roughly $2,500 per year for my plan. It i...
by gasdoc
Sun Mar 18, 2018 10:11 am
Forum: Personal Consumer Issues
Topic: Tips on saving on living expenses for a first time single householder
Replies: 46
Views: 2912

Re: Tips on saving on living expenses for a first time single householder

I would bet the largest expense many young people have, besides rent and health insurance, would be restaurant charges. Even as a 50+ year old, we have to continuously remind ourselves to eat in as much as possible. It is healthier and way less expensive. I just checked Quicken, and we spent over $9...
by gasdoc
Sun Mar 18, 2018 10:03 am
Forum: Personal Consumer Issues
Topic: Amazon Prime Going Sideways/Weird Shipment Problems
Replies: 66
Views: 5449

Re: Amazon Prime Going Sideways/Weird Shipment Problems

Probably more than 5% of the time, we have packages that are late. I consider this still to be worth the small annual fee.

gasdoc
by gasdoc
Sun Mar 18, 2018 10:00 am
Forum: Personal Consumer Issues
Topic: Time/money trade-offs with work and life balance
Replies: 46
Views: 3571

Re: Time/money trade-offs with work and life balance

An earlier poster broke your new offering down in terms of money per month. Similar to this, I broke it down by salary divided by number of weeks worked under each scenario. In your current job, you are being paid about $3K per each of 46 weeks of actually working. In your new offering, you would be...
by gasdoc
Sun Mar 18, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: [Minimizing costs of a medical procedure (Colonoscopy)]
Replies: 87
Views: 6914

Re: [Minimizing costs of a medical procedure (Colonoscopy)]

A point of clarification of comments posted earlier in the thread- sometimes anesthesia providers are involved because a small percentage of the time there is a problem that requires immediate attention to prevent major catastrophic problems. Someone mentioned not receiving sedation for cataract sur...
by gasdoc
Sun Mar 18, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: [Minimizing costs of a medical procedure (Colonoscopy)]
Replies: 87
Views: 6914

Re: [Minimizing costs of a medical procedure (Colonoscopy)]

Since I am FIRE I do a fair amount of driving for friends and family when they need help with medical and other appointments. I don't always know (and would not ask) the reason for every appointment. I have driven at least three people to and from colonoscopies at least four separate occasions. On ...
by gasdoc
Thu Mar 15, 2018 9:17 am
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018
Replies: 105
Views: 11046

Re: HSA family max contribution lowered to $6850 for 2018

Saturna processed the withdrawal without a fee, but I did get dinged as a $25 transaction because I was fully invested, and so I had to sell mutual fund shares. I did this rather than what Spritrider recommended only because at that point I was in deep enough that I just wanted to get it finished. I...
by gasdoc
Wed Mar 14, 2018 8:57 am
Forum: Personal Consumer Issues
Topic: re-siding house - vinyl or hardiplank?
Replies: 54
Views: 5088

Re: re-siding house - vinyl or hardiplank?

Go with Hardi- I've had both- no comparison in quality, and importantly, the look of quality when it is time to sell.

gasdoc
by gasdoc
Mon Mar 12, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018
Replies: 105
Views: 11046

Re: HSA family max contribution lowered to $6850 for 2018

Spoke to the Saturna rep today. They request a letter of instruction be submitted, and they will back out the $50 excess contribution with no charges.

gasdoc
by gasdoc
Sat Mar 10, 2018 10:08 am
Forum: Personal Consumer Issues
Topic: Where to go for blood tests (w. no insurance)
Replies: 27
Views: 3934

Re: Where to go for blood tests (w. no insurance)

In my smallish town, there is a Quest Labs. Many of the online labs services use this Quest Labs as the actual lab draw center. Is it better to go directly to Quest Labs, or is it better to go through the online company, for example Directlabs.com? How do the prices compare? There seem to be some te...
by gasdoc
Sat Mar 10, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018
Replies: 105
Views: 11046

Re: HSA family max contribution lowered to $6850 for 2018

Thanks for the heads up! I will contact Saturna on Monday, unless someone here has already contacted them? Thanks!

gasdoc
by gasdoc
Sat Mar 10, 2018 9:17 am
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 46
Views: 4935

Re: This is not a typical medical collections issue- what to do?

Regarding the fact that Comfirmatrix is no longer in business - my understanding is that debt collectors can buy the right to collect debts, and so the original billing company might no longer be in the picture whether it exists or not. Not that it makes things seem any less unfair. Yes, accounts c...
by gasdoc
Fri Mar 09, 2018 12:12 pm
Forum: Local Chapters and Bogleheads Community
Topic: Metro Atlanta Bogleheads Local Chapter
Replies: 61
Views: 10739

Re: Metro Atlanta Bogleheads Local Chapter

Hi, Winston, I am interested in meeting though I do not live in Atlanta, and will send you an email. Thanks for being the new coordinator!!!

gasdoc
by gasdoc
Thu Mar 08, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Are you ready for Amazon checking?
Replies: 42
Views: 6032

Re: Are you ready for Amazon checking?

I've enjoyed Amazon's services so far. I think they would do a good job with an online checking. I'll bet it would work seamlessly with making Amazon purchases.

gasdoc