Search found 2743 matches

by Carefreeap
Fri Jul 03, 2020 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Law firm as executore?
Replies: 12
Views: 804

Re: Law firm as executore?

A law firm as executor sounds like the most expensive option. Do you know how much lawyers in your area make an hour? Does the firm already do this for clients? If not, they will be ‘learning’ on the estate’s dime. In about half the states, there's a statutory schedule for executor's commissions (f...
by Carefreeap
Wed Jul 01, 2020 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: paying a year rent in advance?
Replies: 5
Views: 729

Re: paying a year rent in advance?

Suggestions: 1. Do no pay rent for a year in advance. 2. Do not tell the landlord or leasing agent that you are willing to pay for a year in advance. 3. Do not sign a rental lease for longer than 1 year. 6 months is okay. 4. Landlords and experienced leasing agents often rent to retirees and those ...
by Carefreeap
Wed Jul 01, 2020 1:46 pm
Forum: Personal Consumer Issues
Topic: Very elderly MIL moving from Assisted Living to permanent Skilled Nursing - suggestions?
Replies: 6
Views: 1150

Re: Very elderly MIL moving from Assisted Living to permanent Skilled Nursing - suggestions?

Your MIL sounds like a carbon copy of mine, who spent her last 4 years in a skilled nursing facility, and died in 2018 at age 94. She was very sharpe, in mind and in tongue, with occasional lapses of memory. Small things make a big difference. You had mentioned that your DH can't visit, which is li...
by Carefreeap
Tue Jun 30, 2020 10:06 am
Forum: Personal Consumer Issues
Topic: Very elderly MIL moving from Assisted Living to permanent Skilled Nursing - suggestions?
Replies: 6
Views: 1150

Re: Very elderly MIL moving from Assisted Living to permanent Skilled Nursing - suggestions?

Your MIL sounds like a carbon copy of mine, who spent her last 4 years in a skilled nursing facility, and died in 2018 at age 94. She was very sharpe, in mind and in tongue, with occasional lapses of memory. Small things make a big difference. You had mentioned that your DH can't visit, which is li...
by Carefreeap
Tue Jun 30, 2020 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Trying to retire. What to do with my rental property?
Replies: 13
Views: 1545

Re: Trying to retire. What to do with my rental property?

Welcome! I'd sell too. We've sold two of our rentals over the last couple of years. They've done well appreciation-wise but the hassle with tenants and the repairs wasn't fun anymore. Given the pandemic and the restrictions on evictions and repaying rent it's just not worth the risk. Enjoy your reti...
by Carefreeap
Mon Jun 29, 2020 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Selling investments: get hit by market declines or by taxes?
Replies: 10
Views: 1176

Re: Selling investments: get hit by market declines or by taxes?

Based on our income, we'd pay no tax on that gain. BUT, it would raise our MAGI, and that could be a problem. How much of a problem, I don't know. There are ways to find out. E.g., see Tax Calculator With ACA/Obamacare Health Insurance Subsidy . The article title says 2019 but the approach will wor...
by Carefreeap
Mon Jun 29, 2020 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Job offer in Bay area - things to consider?
Replies: 68
Views: 6508

Re: Job offer in Bay area - things to consider?

I worked for the USGS when I lived in the Bay Area, so I might comment on the house location, earthquake concerns that have been raised. The seismic risk varies quite a bit in the Bay Area, and you can easily find seismic hazard maps. A classic story is in the 1906 quake, areas of landfill were dev...
by Carefreeap
Mon Jun 29, 2020 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Care options for parent (mental health, death of spouse)
Replies: 21
Views: 1645

Re: Care options for parent (mental health, death of spouse)

Thanks again for the thoughtful posts. It's becoming clearer each day the road will be long. Although my mother is young (68) and functioning, her attitude is defeatist. Everything from preparing a meal or asking her to call Social Security is 'too much'. However, she has a hair appointment in anot...
by Carefreeap
Sun Jun 28, 2020 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: My Credit History
Replies: 6
Views: 482

Re: My Credit History

I'm not sure a US issuer will be interested once you input your Canadian address. You don't need huge numbers of credit cards active to have a credit history. If you still have US cards, start using them again. My family/relatives are still in the states..i can provide their address. all my us card...
by Carefreeap
Sun Jun 28, 2020 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: 2 year old check from US Dept of Treasury
Replies: 6
Views: 574

Re: 2 year old check from US Dept of Treasury

retiredjg wrote:
Sun Jun 28, 2020 4:04 pm
Most government check have something in the small print like "not valid after 6 months". I'd try to deposit it. If refused, I'd ask for the check to be reissued.
+1

I'd deposit it with my phone app.
by Carefreeap
Sun Jun 28, 2020 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Job offer in Bay area - things to consider?
Replies: 68
Views: 6508

Re: Job offer in Bay area - things to consider?

Hi OP, I live less than 10 miles from where you would be working, on the coastside of the Peninsula. I do recommend you and your wife visit. I've relocated 5x for my husband's job. Only once did I turn down a relocation. I agree with the others that you look on the Peninsula. When we first relocated...
by Carefreeap
Sun Jun 28, 2020 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Don’t Just Do Something, Stand There?!?!?
Replies: 11
Views: 2035

Re: Don’t Just Do Something, Stand There?!?!?

Married empty nesters both ~57 years old. ~$2.1 million in sheltered accounts. ($300K of 2.1M in ROTHs) ~40K of 2.1M in cash 50/30/20 portfolio all Vangaurd index Bond/Stk/Int'l Stk. ~$190K mortgage @ 3.875% -29 years left on mortgage refied last year hope to do it again if I can before end of year...
by Carefreeap
Sun Jun 28, 2020 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Don’t Just Do Something, Stand There?!?!?
Replies: 11
Views: 2035

Re: Don’t Just Do Something, Stand There?!?!?

Married empty nesters both ~57 years old. ~$2.1 million in sheltered accounts. ($300K of 2.1M in ROTHs) ~40K of 2.1M in cash 50/30/20 portfolio all Vangaurd index Bond/Stk/Int'l Stk. ~$190K mortgage @ 3.875% -29 years left on mortgage refied last year hope to do it again if I can before end of year...
by Carefreeap
Sun Jun 28, 2020 11:47 am
Forum: Personal Finance (Not Investing)
Topic: How to find a short term rental? (moving)
Replies: 26
Views: 1394

Re: How to find a short term rental? (moving)

It's going to be location specific as different areas have different "seasons". 30 years ago when we were moving across country D.C. to SF Bay Area we were able to do a three month rental in a large apartment complex. But it was winter at the beach and that's a low season even for the longer term r...
by Carefreeap
Sat Jun 27, 2020 10:07 am
Forum: Personal Finance (Not Investing)
Topic: How to find a short term rental? (moving)
Replies: 26
Views: 1394

Re: How to find a short term rental? (moving)

It's going to be location specific as different areas have different "seasons". 30 years ago when we were moving across country D.C. to SF Bay Area we were able to do a three month rental in a large apartment complex. But it was winter at the beach and that's a low season even for the longer term re...
by Carefreeap
Wed Jun 24, 2020 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Keep House and Rent Long Distance or Sell?
Replies: 16
Views: 989

Re: Keep House and Rent Long Distance or Sell?

Thanks for the additional replies. Can someone please explain what the rules are on cap gains? If I sold now, gains would be protected from cap gains tax because I've lived in the home for X number of Y years, but if I rented it out and sold it later I would have to pay cap gains tax because I no l...
by Carefreeap
Wed Jun 24, 2020 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Insurance Limits; Umbrella and Personal Residence
Replies: 10
Views: 981

Re: Insurance Limits; Umbrella and Personal Residence

Our biggest risk in my opinion is the vacation rental. Some kid hurts himself and the parents sue because it couldn't possibly be their fault. The best way to prevent being sued on the vacation rental is to be a good landlord. Make sure all the electrical wiring is up to modern codes. Install smoke...
by Carefreeap
Wed Jun 24, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Insurance Limits; Umbrella and Personal Residence
Replies: 10
Views: 981

Re: Insurance Limits; Umbrella and Personal Residence

Make sure the combination of your homeowners and umbrella policies covers all your properties and that the insurance company knows you are running a business renting one of them out. Depending on the details they might make you get a business liability policy, which could be much more expensive. Th...
by Carefreeap
Tue Jun 23, 2020 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Limits; Umbrella and Personal Residence
Replies: 10
Views: 981

Re: Insurance Limits; Umbrella and Personal Residence

Prices don't look unreasonable, but also don't be afraid to shop around. Amica & USAA get good reviews around these parts (if you're eligible for USAA). That's a good idea. I've checked with USAA before and every time there's some weird thing whereby they can't insure one of the houses. Last time, ...
by Carefreeap
Tue Jun 23, 2020 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Insurance Limits; Umbrella and Personal Residence
Replies: 10
Views: 981

Re: Insurance Limits; Umbrella and Personal Residence

What you have is fine. 1M umbrella is sufficient unless you have a reckless driver. Id simplify and lose the rental, too many things could go wrong especially if it spends time empty. Insurance would cover it but why deal with the headaches. We still enjoy the cabin. Both DH and I grew up in So. CA...
by Carefreeap
Mon Jun 22, 2020 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Covid-19 Liability Waiver Agreement
Replies: 15
Views: 1368

Re: Covid-19 Liability Waiver Agreement

Our local YMCA is reopening soon and has sent out a similar COVID-19 Liability Waiver. I'm not sure what to do about it. I think this will be more and more common for all sorts of businesses. I don't know how they can enforce something like this. CA law doesn't allow you to waive rights you don't k...
by Carefreeap
Mon Jun 22, 2020 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Limits; Umbrella and Personal Residence
Replies: 10
Views: 981

Insurance Limits; Umbrella and Personal Residence

Old agent retired and just transferred to a new State Farm agent. We just went through our review and I'll admit it's been a while. :oops: NW pre-covid was $5M+ with $1M+ in various retirement accounts. Another $1M+ in taxable accounts. 3M+ in three properties. The retirement and pre tax accounts ha...
by Carefreeap
Mon Jun 22, 2020 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Covid-19 Liability Waiver Agreement
Replies: 15
Views: 1368

Re: Covid-19 Liability Waiver Agreement

Our local YMCA is reopening soon and has sent out a similar COVID-19 Liability Waiver. I'm not sure what to do about it. I think this will be more and more common for all sorts of businesses. I don't know how they can enforce something like this. CA law doesn't allow you to waive rights you don't k...
by Carefreeap
Sat Jun 20, 2020 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Might buy a beach house. Looking for advice.
Replies: 42
Views: 5758

Re: Might buy a beach house. Looking for advice.

Didn't someone just post a similar post? OP, put down some numbers on this million dollar mortgaged property. Honestly, even before you get any official numbers, what kind of numbers are needed on rentals vs. expenses are needed to make this property pay for itself like you desire? Typically short ...
by Carefreeap
Thu Jun 18, 2020 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up and Managing a Private Foundation
Replies: 42
Views: 1538

Re: Setting up and Managing a Private Foundation

Use an attorney who specializes in this kind of thing. There are a number of rules and regulations including tax reporting required to keep the tax exempt status. What's the order of magnitude of the donation? In many cases you may be far better off doing direct donation than dealing with the paperw...
by Carefreeap
Wed Jun 17, 2020 2:00 pm
Forum: Personal Consumer Issues
Topic: Valuable antiques that don't fit your aesthetic?
Replies: 23
Views: 1005

Re: Valuable antiques that don't fit your aesthetic?

We've kept them because we like them and think they are better made than a lot of the new stuff. We're in a 1960s tract house in the SF Bay so it looks a little odd but we don't care. Stuff is from the late 1800s, early 1900s. We do want to get rid of some of the more ornate items. Because the piece...
by Carefreeap
Wed Jun 17, 2020 1:48 pm
Forum: Personal Consumer Issues
Topic: Replace my 4 Runner? Update on Repair Post 47
Replies: 62
Views: 3628

Re: I May Need to Replace my 2005 4 Runner :(

Save the 4Runner! Surprised no one mentioned a pickup truck. Cap over the pickup bed = overnight bed. 4WD. Plain or fancy. Parts generally not scarce. Labor/repairs generally well documented. Lol, if I had the garage space I'd keep the 4 Runner and buy something cute like the Clubman Mini to tootle...
by Carefreeap
Wed Jun 17, 2020 1:41 pm
Forum: Personal Consumer Issues
Topic: Replace my 4 Runner? Update on Repair Post 47
Replies: 62
Views: 3628

Re: Replace my 4 Runner? Update on Repair Post 47

It's been a good car but Saturday I got stranded coming home from So. CA. 100 miles from home. The serpentine belt broke probably due to one of pulleys freezing according to the roadside mechanic. Just shy of 180k miles. It's been repaired but sounds terrible and am taking it to the dealer to get c...
by Carefreeap
Wed Jun 17, 2020 11:04 am
Forum: Personal Consumer Issues
Topic: Replace my 4 Runner? Update on Repair Post 47
Replies: 62
Views: 3628

Re: Replace my 2005 4 Runner :(? Update on Repair Post

Update on the repair: The other three pulleys needed replacement. Because they had also locked up on the drive home the new serpentine belt had to be replaced again. It's funny, after the roadside mechanic replaced the one pulley I did think "What about the other three?" Glad I got home safe. Accor...
by Carefreeap
Tue Jun 16, 2020 5:14 pm
Forum: Personal Consumer Issues
Topic: Replace my 4 Runner? Update on Repair Post 47
Replies: 62
Views: 3628

Re: I May Need to Replace my 2005 4 Runner :(

From the sounds of it, you are ready to buy something newer. I would do the same. Being financially able to buy whatever you want, there's no need to drive it into the ground, with the potential to break down on the side of the road, with many more expected repairs before you upgrade. So I suggest ...
by Carefreeap
Tue Jun 16, 2020 5:08 pm
Forum: Personal Consumer Issues
Topic: Replace my 4 Runner? Update on Repair Post 47
Replies: 62
Views: 3628

Re: I May Need to Replace my 2005 4 Runner :(

Did you experience any noise prior the belt breaking? Catastrophic failure of the serpentine belt or any of the pulleys without warning signs is very rare. My guess is the belt had never been replaced or you have a failing pulley bearing. I have a 2004 4Runner with 216K miles. Have diligently perfo...
by Carefreeap
Tue Jun 16, 2020 5:03 pm
Forum: Personal Consumer Issues
Topic: Replace my 4 Runner? Update on Repair Post 47
Replies: 62
Views: 3628

Re: Replace my 2005 4 Runner :(? Update on Repair Post

Update on the repair: The other three pulleys needed replacement. Because they had also locked up on the drive home the new serpentine belt had to be replaced again. It's funny, after the roadside mechanic replaced the one pulley I did think "What about the other three?" Glad I got home safe. Accord...
by Carefreeap
Tue Jun 16, 2020 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Would you rent your house to a famous athlete?
Replies: 104
Views: 8003

Re: Would you rent your house to a famous athlete?

Like anyone you need to make sure you check out their credit and criminal status. I'd also be checking out the landlord BEFORE the current one. Big deposit and take the time to meet them to get a feel for how they treat you (and your stuff). Put your expectations in writing; how many cars, noise et ...
by Carefreeap
Tue Jun 16, 2020 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on serving as an executor
Replies: 36
Views: 1345

Re: Advice on serving as an executor

Right now as the updated trust is written the portion of the money that would go to the son with a drinking problem would be handled by a professional. In the draft of updated document a local bank with a trust management service is named as trustee of his portion of the money. That is one job I wo...
by Carefreeap
Tue Jun 16, 2020 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Do I have other options than mortgage default? How do I handle foreclosure?
Replies: 36
Views: 4155

Re: Do I have other options than mortgage default? How do I handle foreclosure?

It seems odd to me that the system is not grandfathered in with respect to the existing usage. Have you personally spoken to the Building Dept Head versus relying on the contractor? Ditto for the Head of Planning (for possible rezoning). Talking with a sympathetic Council rep may also be helpful. On...
by Carefreeap
Tue Jun 16, 2020 1:39 pm
Forum: Personal Consumer Issues
Topic: Beach condo ownership?
Replies: 15
Views: 2307

Re: Beach condo ownership?

Thanks everyone, especially Carefreeap, for the tips and advice! I'm going to reach out to my CPA and ask some questions about this. I've also been trying to reach out to current condo owners to ask for the ins and outs. I spoke with a loan officer yesterday and they pre-qualified me and gave me an...
by Carefreeap
Tue Jun 16, 2020 10:55 am
Forum: Personal Consumer Issues
Topic: Replace my 4 Runner? Update on Repair Post 47
Replies: 62
Views: 3628

Re: I May Need to Replace my 2005 4 Runner :(

If you don't like all of the intrusive warning systems, you might look at Nissan products. Lol, I rented a Nissan Rogue about a year ago which gave me the "Mom is in the car with the sixteen year old". :P I know I'm probably going to have to suck it up with the warning systems. But I don't have to ...
by Carefreeap
Tue Jun 16, 2020 10:33 am
Forum: Personal Consumer Issues
Topic: Replace my 4 Runner? Update on Repair Post 47
Replies: 62
Views: 3628

Re: I May Need to Replace my 2005 4 Runner :(

Save the 4Runner! Surprised no one mentioned a pickup truck. Cap over the pickup bed = overnight bed. 4WD. Plain or fancy. Parts generally not scarce. Labor/repairs generally well documented. Lol, if I had the garage space I'd keep the 4 Runner and buy something cute like the Clubman Mini to tootle...
by Carefreeap
Mon Jun 15, 2020 9:22 pm
Forum: Personal Consumer Issues
Topic: Beach condo ownership?
Replies: 15
Views: 2307

Re: Beach condo ownership?

For now I'm thinking of renting out through VRBO. A friend of mine owns a unit at Sea Colony and he said he has the management company handle everything, but they charge 16%. Beachfront condos during July and August can bring in 4k per week, so that would be around 5k going to the management compan...
by Carefreeap
Mon Jun 15, 2020 9:12 pm
Forum: Personal Consumer Issues
Topic: Replace my 4 Runner? Update on Repair Post 47
Replies: 62
Views: 3628

Re: I May Need to Replace my 2005 4 Runner :(

Go for the Land Cruiser. Last car you will ever buy! I've heard they are discontinuing sales in the US in 2021 or 2022. Pricey yes. But solid, reliable, and bullet-proof and will get you to your cabin! Interesting value proposition. Pay an enormous amount of money for an enormous car that will get ...
by Carefreeap
Mon Jun 15, 2020 9:09 pm
Forum: Personal Consumer Issues
Topic: Replace my 4 Runner? Update on Repair Post 47
Replies: 62
Views: 3628

Re: I May Need to Replace my 2005 4 Runner :(

I would consider repairing the car first because I agree that you should be able to get more miles from that engine. I would not take it to the dealer though..they will charge you a premium. If you really need to get a new car, I recommend a 2021 RAV4 Prime with about 40 miles of electric range, im...
by Carefreeap
Mon Jun 15, 2020 7:41 pm
Forum: Personal Consumer Issues
Topic: Replace my 4 Runner? Update on Repair Post 47
Replies: 62
Views: 3628

Re: I May Need to Replace my 2005 4 Runner :(

Go for the Land Cruiser. Last car you will ever buy! I've heard they are discontinuing sales in the US in 2021 or 2022. Pricey yes. But solid, reliable, and bullet-proof and will get you to your cabin! Lol, my mechanic told me that about the 4 Runner 15 years ago. I was only 42 at the time so I tol...
by Carefreeap
Mon Jun 15, 2020 7:37 pm
Forum: Personal Consumer Issues
Topic: Replace my 4 Runner? Update on Repair Post 47
Replies: 62
Views: 3628

Re: I May Need to Replace my 2005 4 Runner :(

If you make 100 mile trips regularly, consider replacing for a newer, more reliable vehicle (with better gas mileage). I really liked my 11 year old 4Runner. But yet another expensive frozen brake caliper replacement (during the Toyota brake issues) convinced me it was time to trade it in. I regula...
by Carefreeap
Mon Jun 15, 2020 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing default student loans so I can buy a house...
Replies: 18
Views: 1249

Re: Refinancing default student loans so I can buy a house...

I think your income is great and you’ve done well for yourself in that regard. This is probably negligible, but Capital One and other online banks like Ally and Barclays have savings accounts that are about 1% APY right now. Better than the 0.3% you’re currently getting. The great thing about an in...
by Carefreeap
Mon Jun 15, 2020 7:14 pm
Forum: Personal Consumer Issues
Topic: Replace my 4 Runner? Update on Repair Post 47
Replies: 62
Views: 3628

Re: I May Need to Replace my 2005 4 Runner :(

Find a good/reputable independent mechanic and see what the issues are. 180K is not high milage. Yeah, I know. I figure that motor can go to 300k easy. But at 15 years the consumer things; e.g. windows are going to start to fail. I don't think my husband likes the fact I'm driving an old car. He re...
by Carefreeap
Mon Jun 15, 2020 7:06 pm
Forum: Personal Consumer Issues
Topic: Beach condo ownership?
Replies: 15
Views: 2307

Re: Beach condo ownership?

And to answer question 2, I'm sure your tax person in the DC area can answer your questions more fully since so many people in the DC area own 2nd homes elsewhere. My husband and I visited Sea Colony 30 years ago as a perq for me working for a law firm based in Arlington. But some basics; You will n...
by Carefreeap
Mon Jun 15, 2020 6:50 pm
Forum: Personal Consumer Issues
Topic: Beach condo ownership?
Replies: 15
Views: 2307

Re: Beach condo ownership?

For now I'm thinking of renting out through VRBO. A friend of mine owns a unit at Sea Colony and he said he has the management company handle everything, but they charge 16%. Beachfront condos during July and August can bring in 4k per week, so that would be around 5k going to the management compan...
by Carefreeap
Mon Jun 15, 2020 6:27 pm
Forum: Personal Consumer Issues
Topic: Replace my 4 Runner? Update on Repair Post 47
Replies: 62
Views: 3628

Replace my 4 Runner? Update on Repair Post 47

It's been a good car but Saturday I got stranded coming home from So. CA. 100 miles from home. The serpentine belt broke probably due to one of pulleys freezing according to the roadside mechanic. Just shy of 180k miles. It's been repaired but sounds terrible and am taking it to the dealer to get ch...
by Carefreeap
Wed Jun 10, 2020 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Am I being naive paying US/CA based taxes as an international digital nomad living outside of the US? Help me optimize!
Replies: 6
Views: 581

Re: Am I being naive paying US/CA based taxes as an international digital nomad living outside of the US? Help me optimi

I believe the US is somewhat unique in requiring citizens to pay US income tax on worldwide income, regardless of where you live or where the income is earned. So, I don't think you can get out of paying US federal taxes, unless you renounce citizenship. (Perhaps you could have the income accure in...