Search found 1063 matches

by gasdoc
Sat Jun 24, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Require Access to School Records?
Replies: 105
Views: 4935

Re: Require Access to School Records?

Starting college is very stressful. I see so much extreme anxiety in college freshmen- especially the girls. Please don't focus on grades. Instead, encourage your daughter to exercise every day, sleep, build a social support network, and ask her teachers for extra help. Freshmen are hesitant to go ...
by gasdoc
Sat Jun 24, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Require Access to School Records?
Replies: 105
Views: 4935

Re: Require Access to School Records?

Final Outcome: Thanks for all of the advice on this earlier post! Yesterday, DD returned from summer orientation. One of their responsibilities was to submit the authorization to give access to school records. We hadn't discussed this in a month or more. The last thing said was that i only expected ...
by gasdoc
Sat Jun 24, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: How to fill out W4 so no taxes are withheld?
Replies: 7
Views: 603

Re: How to fill out W4 so no taxes are withheld?

Just playing devil's advocate here- how about having a small amount of taxes withdrawn, which forces her to file, which starts her learning process of dealing with preparing taxes to get her money back? My DD is in the same situation.

gasdoc
by gasdoc
Thu Jun 22, 2017 5:22 am
Forum: Personal Finance (Not Investing)
Topic: Best Practices for Managing Paper Receipts
Replies: 16
Views: 1183

Re: Best Practices for Managing Paper Receipts

I save business receipts in a folder until tax time, and then for about 7 years. I save large HSA receipts for future reimbursement. I do not save general personal receipts, but most are from Amazon.com and are well documented online.

gasdoc
by gasdoc
Wed Jun 21, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 226
Views: 34581

Re: Regret early retirement/downsizing

Personally I think a 3 day work week would be perfection. It works for some, but I am strongly averse to part-time work of any kind in retirement. Retirement is my time. I control what I do every hour, every day, every part of a year. I travel when I wish, wherever I wish. I take courses that happe...
by gasdoc
Wed Jun 21, 2017 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 226
Views: 34581

Re: Regret early retirement/downsizing

Personally I think a 3 day work week would be perfection. It works for some, but I am strongly averse to part-time work of any kind in retirement. Retirement is my time. I control what I do every hour, every day, every part of a year. I travel when I wish, wherever I wish. I take courses that happe...
by gasdoc
Mon Jun 19, 2017 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Full comprehensive or liability only?
Replies: 29
Views: 1973

Re: Full comprehensive or liability only?

We carry only liability on all of our cars- ranging from value of $10K to max of $33K. I like dealing with the body shop on my own without the insurance company asa middle man.

gasdoc
by gasdoc
Mon Jun 19, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance and (declining) Income
Replies: 5
Views: 582

Re: Disability Insurance and (declining) Income

I have never heard of anyone being asked to reduce their level of DI because their salary decreased. On the other hand, you are limited to something like 0.6 of your current salary as the payout. I would go ahead and get a policy now- there is nothing stopping you from taking out a smaller amount th...
by gasdoc
Mon Jun 19, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: When do you reduce or stop disability insurance coverage
Replies: 11
Views: 838

Re: When do you reduce or stop disability insurance coverage

What factors do I need to consider to reduce or eliminate DI insurance. You need to look at how long the disability payments will continue. Many policies(if not most) will only pay until you are 65. If a 63 year old is disabled they may only get two years of payments which might not be a life chang...
by gasdoc
Mon Jun 19, 2017 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Scratched Bumper with Police on the Scene
Replies: 26
Views: 2340

Re: Scratched Bumper with Police on the Scene

Perhaps there is some risk in waiting, but I would, as a courtesy, give the other driver a brief period of time to make it right without using the insurance companies. I would check the police report first to make sure the report agrees with your assessment of fault.

gasdoc
by gasdoc
Sat Jun 17, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: In-network only health insurance
Replies: 17
Views: 1442

Re: In-network only health insurance

Now you are asking questions that are often local in nature. For example, our anesthesiology group tries to stay in network with any company with which the hospital in which we work is in network. When on occasion we find that we are out of network because of a recent change in negotiations between ...
by gasdoc
Sat Jun 17, 2017 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 16036

Re: Siblings in disagreement over mom's house.

Get insurance asap. Hire proprty management company to rent it out. Since it's paid off it should cash flow. Keep some of the rent aside for future repairs and maintenance. Split the rest. Good creative thinking, but I doubt this group could work as a partnership in managing the ordeal for long. It...
by gasdoc
Fri Jun 16, 2017 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: In-network only health insurance
Replies: 17
Views: 1442

Re: In-network only health insurance

Finally a question in my wheelhouse! In my experience, emergency use of out of network providers is not a tremendous liability. The liability is when you do not want to use the in network provider. Most providers are now part of larger medical groups. Ask older people you know, those that probably a...
by gasdoc
Wed Jun 14, 2017 2:45 pm
Forum: Forum Issues and Administration
Topic: How to "follow" a thread of BH
Replies: 8
Views: 933

Re: How to "follow" a thread of BH

CABob wrote:
gasdoc wrote:Once you "subscribe," what happens then?

You will receive an email indicating there was a new post to that conversation.


Thank you, CABob!

gasdoc
by gasdoc
Wed Jun 14, 2017 11:16 am
Forum: Forum Issues and Administration
Topic: How to "follow" a thread of BH
Replies: 8
Views: 933

Re: How to "follow" a thread of BH

Once you "subscribe," what happens then?

gasdoc
by gasdoc
Wed Jun 14, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Would you take a 25% pay cut for more professional satisfaction?
Replies: 57
Views: 3400

Re: Would you take a 25% pay cut for more professional satisfaction?

No. At this point, I am trying to put away as much as i can to retire in 5 years.

gasdoc
by gasdoc
Wed Jun 14, 2017 5:23 am
Forum: Personal Finance (Not Investing)
Topic: Rollout Begins for Person-to-Person Digital Payments Backed by Banks
Replies: 25
Views: 2266

Re: Rollout Begins for Person-to-Person Digital Payments Backed by Banks

Anyone know when CapitalOne360 will offer this rapid money transfer service? Isn't this it already? https://p2ppayments.capitalone.com/ Thanks, AlohaJoe! Last time I checked P2P with CapitalOne360, it was a 2 day process. Awesome! Now there is no reason for me to share an account with my 18 y/o DD....
by gasdoc
Tue Jun 13, 2017 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Rollout Begins for Person-to-Person Digital Payments Backed by Banks
Replies: 25
Views: 2266

Re: Rollout Begins for Person-to-Person Digital Payments Backed by Banks

Anyone know when CapitalOne360 will offer this rapid money transfer service? I would love it for DD about to head off to college in the fall.

gasdoc
by gasdoc
Tue Jun 13, 2017 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 226
Views: 34581

Re: Regret early retirement/downsizing

I downsized radically--from a 1800 sq. ft house to a 850 sq ft high rise condo. I sold nearly everything to fit into the tiny space. Within 6 months I upsized again; I realized I hated the place. I felt so confined and the place so impersonal. I bought a 1500 sq foot home with small yard and am hap...
by gasdoc
Tue Jun 13, 2017 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Small company 401k
Replies: 30
Views: 1624

Re: Small company 401k

209south wrote:Just back online - gasdoc, that is very helpful and I'm now registered with the folks at Dedicated Defined Benefit Services to learn more - I agree this seems like a particularly attractive opportunity for someone at my stage.


Glad to help. Hope it works out.

gasdoc
by gasdoc
Tue Jun 13, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Small company 401k
Replies: 30
Views: 1624

Re: Small company 401k

gasdoc, I hadn't thought of that...how would that work and who should I speak with re. administration? I am 57 btw and intend to be in this job for 2-4 years, by which time we hope to have sold the company...maximizing tax shelter and creating some sort of annuity/pension are big objectives. ERISAs...
by gasdoc
Tue Jun 13, 2017 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Small company 401k
Replies: 30
Views: 1624

Re: Small company 401k

209south, The plan must generally be kept in place for five years minimum to stay qualified by the IRS, but I wouldn't think that would be a problem once you sold the company. I am self employed, and use(d) a third party administrator to draw up and administer my plan- which allows me to contribute ...
by gasdoc
Mon Jun 12, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Small company 401k
Replies: 30
Views: 1624

Re: Small company 401k

I don't believe you mentioned your age or income. If you are in your 50's, have a higher income, and are part of a small company, you might also look into providing a defined benefit plan, to really increase you contributions.

gasdoc
by gasdoc
Sun Jun 11, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Auto-Debit May Not Be Such a Good Idea
Replies: 25
Views: 3084

Re: Auto-Debit May Not Be Such a Good Idea

I have been doing auto-debit for 20 years with numerous providers. I have yet to have a problem. I also have never had a bill paid late in that same time frame. There is some risk in everything but I've yet to encounter any issue here. If I every do, I will deal with it. In the meantime, I NEVER wo...
by gasdoc
Sun Jun 11, 2017 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property Repairs - Whose to Pay?
Replies: 32
Views: 2736

Re: Rental Property Repairs - Whose to Pay?

I have cleaned small wine stains on white carpet, done minor repairs like replacing cabinet pulls that came off, etc., without charging the tenant. I would be thankful a tenant of 4 years did no more damage than you describe. I would not nickel and dime what has otherwise been a good tenant. Just my...
by gasdoc
Sun Jun 11, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Is Quicken 2017 worth it? Please help
Replies: 23
Views: 1927

Re: Is Quicken 2017 worth it? Please help

How is Quicken 2017 for MAC?

Gasdoc
by gasdoc
Sun Jun 11, 2017 8:04 am
Forum: Personal Finance (Not Investing)
Topic: 2004 LEXUS RX 330
Replies: 46
Views: 2556

Re: 2004 LEXUS RX 330

Last week I accidentally backed my 2014 Infinity Q60 AWD Coupe into my DD's 2012 Ford Escape. The damage on each car was identical, as the contact point was the exact same spot on the corner of the bumper. Both had a damaged bumper and tail light. The cost to repair the Ford Escape was $700. The cos...
by gasdoc
Thu Jun 08, 2017 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Anti virus protection
Replies: 27
Views: 2052

Re: Anti virus protection

None on my MAC.

gasdoc
by gasdoc
Thu Jun 08, 2017 5:22 am
Forum: Personal Finance (Not Investing)
Topic: Selling practice for a lump sum
Replies: 51
Views: 5875

Re: Selling practice for a lump sum

The 1.7 m. Is for you and not split by all the partners? Right? Yes this would be for each partner. It would be taxed as capital gains, so ballpark would be 1.3 m after taxes. arsenalfan, thanks for your helpful thoughts. I love practicing medicine, but like you would enjoy it more with less overni...
by gasdoc
Wed Jun 07, 2017 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Young adults and gifts versus support
Replies: 5
Views: 872

Re: Young adults and gifts versus support

Both DW and I have donated the maximum five year amount to our 18 year old DD's 529 a couple of years ago. In addition, we have a deal whereby whatever DD gets in scholarship money, we give her half as money to do what she wants with. This year, the amount we are giving her totals $14K, unless she l...
by gasdoc
Wed Jun 07, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Selling practice for a lump sum
Replies: 51
Views: 5875

Re: Selling practice for a lump sum

I forgot... SHOP AROUND! If you're for sale, see who else is buying. We were solicited out of nowhere, causing much internal discussion. Then we called 3-4 national firms, announcing we were considering a buyout. Presto, 2 more offers, one of which had an 10x earnings multiple - I think the others ...
by gasdoc
Wed Jun 07, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: "Paying" a minor for otherwise uncompensated work
Replies: 37
Views: 2808

Re: "Paying" a minor for otherwise uncompensated work

I am showing my ignorance of the subject, but I want to throw this out.... Couldn't he pay you as a 1099 independent contractor instead of as a W2 employee, in order to not have to deal with all of that stuff? Could you still use that amount to deposit money into a Roth IRA? Just a thought, and mayb...
by gasdoc
Wed Jun 07, 2017 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Selling practice for a lump sum
Replies: 51
Views: 5875

Re: Selling practice for a lump sum

I practice in one of these mega-groups, after initially being in a private practice group. My income has increased slightly, but maybe it would have outside of the mega-group? The downside is that the corporate people seem to be incompetent in terms of really understanding what we do. They recruit w...
by gasdoc
Tue Jun 06, 2017 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 9353

Re: Play Money for Spouse....

OP - sounds like through the thread you are on the right path. I'll give you our personal experience just for laughs. ... I think women people don't want to feel like they have to go to " daddy Parent " for money. Anyway, after a bumpy couple of years we are both happy. :beer JDCarpenter,...
by gasdoc
Tue Jun 06, 2017 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 9353

Re: Play Money for Spouse....

OP - sounds like through the thread you are on the right path. I'll give you our personal experience just for laughs. My DW is fairly frugal, but wanted an allowance ($400/mo) for guilt free purchases. Worked fine while she wasn't working. After I retired, she got a consulting job that paid $20,000...
by gasdoc
Mon Jun 05, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 9353

Re: Play Money for Spouse....

First, let me say that I realize I am in delicate territory, but I thought I might get ideas from members of the Bogleheads community (married and divorced :confused ). DW is frustrated because, as a much smaller wage earner, she doesn't feel "entitled" to spend money on herself (this is ...
by gasdoc
Mon Jun 05, 2017 4:47 pm
Forum: Personal Consumer Issues
Topic: Worth it to buy expensive clothes?
Replies: 90
Views: 7679

Re: Worth it to buy expensive clothes?

I have five sets of scrubs that I ordered online, and had altered to fit. I look lots better and more professional than the surgeons and anesthesiologists that grab worn out scrubs off the shelf at work. I probably paid $200 for the entire "wardrobe." :happy

gasdoc
by gasdoc
Sat Jun 03, 2017 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Is Flagship membership status worth a $50 [transaction] fee?
Replies: 40
Views: 5198

Re: Is Flagship membership status worth a $50 [transaction] fee?

I assumed Flagship gave you less time on hold, and a more experienced rep on the phone as well. Is this not true? Gasdoc i think these things are true, but how often do you really have to call? I've never called Vanguard in the 10 years I've had accounts there. Personally I hate calling companies. ...
by gasdoc
Sat Jun 03, 2017 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Is Flagship membership status worth a $50 [transaction] fee?
Replies: 40
Views: 5198

Re: Is Flagship membership status worth a $50 [transaction] fee?

I assumed Flagship gave you less time on hold, and a more experienced rep on the phone as well. Is this not true?

Gasdoc
by gasdoc
Fri Jun 02, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Is Flagship membership status worth a $50 [transaction] fee?
Replies: 40
Views: 5198

Re: Is Flagship membership status worth a $50 one time fee?

livesoft wrote:Getting out of individual stocks and into index funds would be worth a $50 one time fee to me.


Yes. In the past, I had individual stocks. Then I realized I was putting in extra time monitoring them, for no actual benefit long term.

gasdoc
by gasdoc
Thu Jun 01, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Drowning in debt
Replies: 52
Views: 4613

Re: Drowning in debt

I would like to clarify something. The 9% personal rate of return for the 10 years is not a cherry picked number. Vanguard only shows personal rate of return for a max time period of 10 years. I wish they would do 15 years but sadly they do not. Based on my personal financial history, 9% would also...
by gasdoc
Thu Jun 01, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Drowning in debt
Replies: 52
Views: 4613

Re: Drowning in debt

What did you purchase with the $140k HELOC? For privacy, I don't wish to disclose it here. I can say it is an asset that I expect to appreciate at 5% per year and costs next to nothing to keep. My suggestions: Sell the asset. Pay off the HELOC. Close down the HELOC. Build up an emergency fund. I su...
by gasdoc
Thu Jun 01, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Drowning in debt
Replies: 52
Views: 4613

Re: Drowning in debt

I can't think of any investment that would justify taking out a loan for its purchase. In my opinion, you are promising to pay a given amount of interest for something whose investment prospects cannot exceed its risk of decline (assuming an efficient market).

gasdoc
by gasdoc
Thu Jun 01, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Lowering life insurance coverage as I get older
Replies: 17
Views: 1004

Re: Lowering life insurance coverage as I get older

We plan to drop our ten year term life insurance in about one year, when the term expires. At that point, we will have enough in retirement accounts and DD's 529b to cover DW and DD in my absence.

gasdoc
by gasdoc
Thu Jun 01, 2017 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 9353

Re: Play Money for Spouse....

It would drive me crazy if spouse was categorizing each item of my personal spending. What if I purchased a gift for spouse and hadn't even given it yet? Much better to have a separate account with ~$500 added each month, and perhaps a separate CC to keep it separate. That way the 500 could be cate...
by gasdoc
Wed May 31, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 9353

Re: Play Money for Spouse....

Hahaha... this is a funny thread. Here's another possibility $10/year-of-age /month (50 years old = $500/month) Maybe $15/year-of-age at 60 and $20/65 Anyway, you have to find some way to adjust for inflation and spending creep :) My spouse and I have a "spend what you want, but don't flaunt i...
by gasdoc
Tue May 30, 2017 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 9353

Re: Play Money for Spouse....

Hi GasDoc, My husband and I have separate spending accounts to which a set amount is wired monthly from our joint account. We've done this since we were first married, and it has worked out well; we have no arguments about money. He doesn't complain about my occasional manicures and I say nothing a...
by gasdoc
Tue May 30, 2017 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 9353

Re: Play Money for Spouse....

Logistically, you've mentioned a monthly ATM withdrawal and also Amazon expenditures. I don't see how you pay for Amazon with cash. Therefore, I third the suggestion to give her pre-paid cards instead of cash. $500 seems low to me. A hair appt and a few lunches won't leave much left over- will this...
by gasdoc
Tue May 30, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 9353

Re: Play Money for Spouse....

I've been married 25 years. We both worked for years, but I backed off when we had our third kid, and then we had a fourth. My husband has a business and will help any client that calls 24/7 (basically I'm saying he works around the clock). He doesn't want to manage the money and quite frankly, alt...
by gasdoc
Mon May 29, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 9353

Re: Play Money for Spouse....

For the first few years of our marriage, we had to watch our finances pretty tightly (single income, kids, buying houses in HCOL). Once we got off to a comfortable start, we stopped paying much attention to the incidentals (we had set cost-conscious habits by then). We pay for most minor things wit...

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