Search found 160 matches

by dcnut
Sun Jun 17, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Partial Owner of Inherited Family Farm/Land
Replies: 16
Views: 2228

Re: Partial Owner of Inherited Family Farm/Land

Why aren’t the 180 acres being farmed / rented? Have there been renters in the past? Any neighboring owners that might be interested? Often the best place to start for a potential private sale, avoiding auction expense. How old is FIL? Is situation going to be a train wreck if your wife and SIL are...
by dcnut
Sat Nov 04, 2017 1:46 pm
Forum: Personal Consumer Issues
Topic: bidets
Replies: 35
Views: 3964

Re: bidets

We installed a basic Kohler bidet toilet seat in March and really love it. I had absolutely no problem getting used to cold water (actually room temperature water), and would never even consider paying extra to have warm water. From an earlier experience, I can tell you that water which is too warm ...
by dcnut
Tue Sep 12, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Equifax fiasco - how can we protect ourselves from potential fraudulent tax returns filed on our behalf?
Replies: 31
Views: 4371

Re: Equifax fiasco - how can we protect ourselves from potential fraudulent tax returns filed on our behalf?

I will owe taxes, I expect, so not too worried. What a silver lining. Owing taxes will not protect you. Fraudulent tax filers simply use your personal information (name and SSN is really all they need) to file a dummy tax return. They make up W2 figures and plug them in so that it looks like you ar...
by dcnut
Tue Aug 22, 2017 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for Medicare when not collecting Social Security
Replies: 17
Views: 1974

Re: Paying for Medicare when not collecting Social Security

So you can have it set up every 3 months and have it put on you credit card? By default, you start receiving quarterly statements from CMS/Medicare. If you simply enter your credit card number and sign the payment slip, the quarterly payment will be charged with no service fee. Nice. With this meth...
by dcnut
Tue Aug 22, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for Medicare when not collecting Social Security
Replies: 17
Views: 1974

Re: Paying for Medicare when not collecting Social Security

I enrolled in Medicare early this year and am not enrolled in SS. I understood I would be billed quarterly. I paid the first quarter by check, filed the auto-pay form, and as of the second quarter my premium is pulled from checking account monthly. (Like another responder I receive a monthly billin...
by dcnut
Tue Aug 22, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for Medicare when not collecting Social Security
Replies: 17
Views: 1974

Re: Paying for Medicare when not collecting Social Security

I was/am in the same situation; on Medicare, but delaying SS. I did nothing to claim any hardship status, and was billed monthly through snail mail. Perhaps the default has changed in the past three years, but I continue to pay by old fashioned check and snail mail. Too lazy to change now. I'll reg...
by dcnut
Tue Aug 22, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for Medicare when not collecting Social Security
Replies: 17
Views: 1974

Re: Paying for Medicare when not collecting Social Security

I also paid for Medicare for several years before I turned age 70. I received a bill every quarter, and paid the premium via credit card so that I could get points. There is no extra fee charged for this service, so it was a win-win. Also, IRMAA surcharges are automatically added to your quarterly s...
by dcnut
Sat May 27, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Stepped up basis of farmland
Replies: 9
Views: 1335

Re: Stepped up basis of farmland

My wife is in the situation where she inherited a share of two farms from her father. She is an only-child, but the farms had shared ownership with some of her cousins. Farm #1 had a total of 7 owners, and farm #2 had only 2 owners. A number of years ago we had several nice offers for farm #1, but t...
by dcnut
Wed May 03, 2017 10:56 am
Forum: Personal Consumer Issues
Topic: house washing - how long does it stay clean?
Replies: 5
Views: 1039

Re: house washing - how long does it stay clean?

Here in IL I had never heard of house washing until recently, and there are still only a few people who do this kind of work. All of a sudden I have received a couple of advertisements in the mail offering this service. Perhaps the cost will come down with more competition. We have had 2 mild winter...
by dcnut
Tue May 02, 2017 9:51 pm
Forum: Personal Consumer Issues
Topic: house washing - how long does it stay clean?
Replies: 5
Views: 1039

Re: house washing - how long does it stay clean?

Our home had new vinyl siding installed in 1996, but I did not notice the mold/mildew on the north face until late in 2016. We just had it professionally cleaned a couple of weeks ago at a cost of $460. The curious thing, is that we lost the trees on the north side several years ago, but the siding ...
by dcnut
Sat Jan 21, 2017 12:19 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 1099s available - Other companies just as good for sending 1099s???
Replies: 67
Views: 8654

Re: Vanguard 1099s available - Other companies just as good for sending 1099s???

I normally wait until mid-August when it is too hot to do anything outside. I have done a pro-forma return for 2018 and 2023 though. I needed those in December to make some decisions. I usually am very close to the exact number by Christmas week since it's often to cold to go out and play. The one ...
by dcnut
Fri Jan 13, 2017 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 27
Views: 4281

Re: "Unsuspending" Social Security Benefits

I also suspended at age 66. A couple of years ago I turned 70. I called them in the month before I turned 70. As usual, I made an appointment for a telephone conference about 3 weeks later. At that time, I explained that I wanted to start up my SS payments starting with age 70 so as to maximize my a...
by dcnut
Fri Jan 06, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: How many $ to self fund long term care?
Replies: 73
Views: 7989

Re: How many $ to self fund long term care?

In the mid-1990s, MIL had extended stay in nursing home, and we paid around $33K per year. My mother had an extended stay in nursing home 2006 thru 2010 and the cost had risen above $125K per year (suburban Chicago). I am guessing that costs in 10-15 years (when we get to that age) might be approach...
by dcnut
Mon Nov 14, 2016 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Go part time number
Replies: 73
Views: 12053

Re: Go part time number

I switched to part-time when I was 56, and I am still doing this gig at age 71 and love it. I work in IT. At first I was doing about 20 hours per week, and now it averages to less than 10. I have had no meetings, no progress reports, no hassle. Glenn What actual work are you doing where no one else...
by dcnut
Mon Nov 14, 2016 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Go part time number
Replies: 73
Views: 12053

Re: Go part time number

I switched to part-time when I was 56, and I am still doing this gig at age 71 and love it. I work in IT. At first I was doing about 20 hours per week, and now it averages to less than 10. I have had no meetings, no progress reports, no hassle.
Glenn
by dcnut
Fri Oct 21, 2016 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Trust Services
Replies: 23
Views: 4281

Re: Vanguard Trust Services

Over the last 25 years or so, my wife or I have been trustees of at least 6 trusts with assets at Vanguard. These have included revocable, irrevocable, simple, and complex trusts. Never had a problem with Vanguard. Glenn Edit: never used Vanguard's brokerage; all assets have been in mutual funds (no...
by dcnut
Sun Sep 11, 2016 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Alternative to Traditional Retirement
Replies: 16
Views: 2770

Re: Alternative to Traditional Retirement

I have worked in IT for the same company since 1970, and I am 71 years old. A few months before my 57th birthday, I decided to retire, but I gave my employer the option of hiring me back as a part-time consultant. The employer agreed, and I still work there today on a flexible schedule (I go in and ...
by dcnut
Wed Apr 20, 2016 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank--Statements for Revocable Trust
Replies: 14
Views: 2120

Re: Ally Bank--Statements for Revocable Trust

I had this same issue with Ally a couple of years ago. They had actually been doing only on-line statements for several months, and then changed back to mailing monthly statements for our trusts. I complained to several people up the chain, but could not fix it. I have the same problem at Discover B...
by dcnut
Fri Jan 29, 2016 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes for estate, trust
Replies: 6
Views: 800

Re: Taxes for estate, trust

I have been dealing with 1041 tax forms for various family trusts since 1982. The first year we had an attorney prepare the trust return, and I carefully studied what he had done. I have been doing them myself ever since. The current trust has only interest, dividends, and sometimes a single stock s...
by dcnut
Tue Nov 03, 2015 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Consolidated 2016 Medicare Part B Increase thread
Replies: 111
Views: 5976

Re: Consolidated 2016 Medicare Part B Increase thread

This is a good article on the increase, very detailed, see the table at the bottom that lays out next year's increase down to the penny: http://www.fedsmith.com/2015/11/01/who-wins-and-who-loses-from-the-proposed-legislation-for-medicare-part-b-premiums/ The impact in future years is a bit vague, s...
by dcnut
Sat May 02, 2015 11:41 am
Forum: Investing - Help with Personal Investments
Topic: TREA Limits
Replies: 11
Views: 1256

Re: TREA Limits

I am in a similar situation as the OP, except that I have not yet begun to take any distributions. Since I just turned 70, I will need to execute an MDO (Minimum Distribution Option) agreement with TIAA-CREF later this year. I would like to have my annual distributions NOT come out of TREA (at leas...
by dcnut
Fri May 01, 2015 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: TREA Limits
Replies: 11
Views: 1256

Re: TREA Limits

I am in a similar situation as the OP, except that I have not yet begun to take any distributions. Since I just turned 70, I will need to execute an MDO (Minimum Distribution Option) agreement with TIAA-CREF later this year. I would like to have my annual distributions NOT come out of TREA (at least...
by dcnut
Thu Apr 23, 2015 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Inherited farmland: Should we sell or keep?
Replies: 51
Views: 15315

Re: Inherited farmland: Should we sell or keep?

DW inherited a family farm many years ago, along with 7 cousins. This joint ownership arrangement went okay for a number of years, but eventually some of the owners wanted to sell. Things started to get very nasty, and it was not possible to simply divide the land, and no single owner had the $$ to ...
by dcnut
Thu Mar 26, 2015 9:22 am
Forum: Personal Consumer Issues
Topic: WSJ Delivery Record - Dismal
Replies: 25
Views: 3067

Re: WSJ Delivery Record - Dismal

I get my WSJ by 10 PM (Eastern) the day before. Electronic delivery is the only way to go.
Glenn
by dcnut
Tue Mar 10, 2015 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Benefits of Flagship
Replies: 38
Views: 6820

Re: Benefits of Flagship

My experience with the SPECIFIC person being assigned has not been as positive as others have noted. I've had 4 different individuals since I became a Flagship customer and with only 1 of those individuals did I feel like the Rep knew me and my overall investment philosophy (or maybe a better way o...
by dcnut
Fri Mar 06, 2015 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: When will / did you claim Social Security benefits?
Replies: 152
Views: 18041

Re: When will / did you claim Social Security benefits?

I turned 70 two weeks ago, and yesterday I received my first SS check. I did a file-and-suspend 3 years ago so my wife could get my spousal benefit when she turned 66.

Glenn
by dcnut
Wed Feb 25, 2015 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: [Protection against fraudulent IRS tax returns]
Replies: 40
Views: 3111

Re: Preventing IRS Fraud

the IRS would be crazy to give a filer a 4 (or more) figure estimated tax credit that was not reported on the return. Glenn Why do you believe the IRS would be crazy to correct estimated tax information on a tax return and adjust the amount of refund or taxes owed? What should the IRS do if they de...
by dcnut
Wed Feb 25, 2015 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: [Protection against fraudulent IRS tax returns]
Replies: 40
Views: 3111

Re: Preventing IRS Fraud

Yes, I've seen it happen numerous times. Estimated tax payments (sometimes large) that are omitted from the tax return are automatically refunded, usually quite quickly. If the IRS did not refund the estimated payment that was left off the tax return, do you believe they would just keep the extra m...
by dcnut
Wed Feb 25, 2015 11:59 am
Forum: Personal Finance (Not Investing)
Topic: [Protection against fraudulent IRS tax returns]
Replies: 40
Views: 3111

Re: Preventing IRS Fraud

If you paid estimated taxes and forget to include them, the IRS will add those to your return (and increase your refund or lower your balance due) Really! Do you have any personal experience in this regard? I seriously doubt that the IRS would do this for a large estimated tax balance, especially i...
by dcnut
Wed Feb 25, 2015 10:09 am
Forum: Personal Finance (Not Investing)
Topic: [Protection against fraudulent IRS tax returns]
Replies: 40
Views: 3111

Re: Preventing IRS Fraud

If you paid estimated taxes and forget to include them, the IRS will add those to your return (and increase your refund or lower your balance due) Really! Do you have any personal experience in this regard? I seriously doubt that the IRS would do this for a large estimated tax balance, especially i...
by dcnut
Wed Feb 25, 2015 9:47 am
Forum: Personal Finance (Not Investing)
Topic: [Protection against fraudulent IRS tax returns]
Replies: 40
Views: 3111

Re: Preventing IRS Fraud

It is my belief that paying estimated taxes could possibly shield you from tax refund fraud. At the very least, knowing how much you paid in advance via estimated taxes should certainly prove your identity. No fraudster would ever include estimated tax payments in a bogus tax return. I suspect that...
by dcnut
Wed Feb 25, 2015 9:32 am
Forum: Personal Finance (Not Investing)
Topic: [Protection against fraudulent IRS tax returns]
Replies: 40
Views: 3111

Re: Preventing IRS Fraud

It is my belief that paying estimated taxes could possibly shield you from tax refund fraud. At the very least, knowing how much you paid in advance via estimated taxes should certainly prove your identity. No fraudster would ever include estimated tax payments in a bogus tax return. I suspect that ...
by dcnut
Thu Feb 19, 2015 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Applying tax refund to next year vs 1040-ES
Replies: 17
Views: 1885

Re: Applying tax refund to next year vs 1040-ES

I have been paying estimated taxes for 35 years, and with EFTPS it is not much of a hassle. I am also wondering if paying estimated taxes might reduce the possibility of tax refund fraud. My thinking is that very few taxpayers pay estimated taxes, so no sane crook would prepare a bogus tax return cl...
by dcnut
Thu Jan 22, 2015 11:02 am
Forum: Investing - Theory, News & General
Topic: Reporter doing story on pitfalls of doing one's own taxes
Replies: 40
Views: 5870

Re: Reporter doing story on pitfalls of doing one's own taxe

I have been doing our personal taxes all of my life, and I am almost 70 years old. I also prepare trust tax returns for various family trusts. In 1982, I had to deal with the first family trust, so we had the family lawyer prepare form 1041 that year. I found numerous clerical errors in the return w...
by dcnut
Sat Nov 22, 2014 10:18 pm
Forum: Personal Consumer Issues
Topic: Vanguard offers login security code
Replies: 124
Views: 29551

Re: Vanguard offers login security code

Notice that Vanguard's putting a requirement on the phone number, not the phone itself. Your wife can sign up to receive security codes in the straightforward way. You, on the other hand, can sign up for a Google Voice phone number in your name, and forward texts received at that number to your wif...
by dcnut
Sat Nov 22, 2014 4:52 pm
Forum: Personal Consumer Issues
Topic: Vanguard offers login security code
Replies: 124
Views: 29551

Re: Vanguard offers login security code

I have a question. My wife and I have a single cell phone, but we each have our own Vanguard accounts. Can we use the same cell phone number for 2-factor authorization? Glenn I don't see why not. Try it. Well it turns out that Vanguard's terms and conditions require that the cell phone be registere...
by dcnut
Sat Nov 22, 2014 10:58 am
Forum: Personal Consumer Issues
Topic: Vanguard offers login security code
Replies: 124
Views: 29551

Re: Vanguard offers login security code

I have a question. My wife and I have a single cell phone, but we each have our own Vanguard accounts.
Can we use the same cell phone number for 2-factor authorization? Glenn
by dcnut
Thu Oct 16, 2014 1:59 pm
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 5425

Re: Your personal risk level: Got your flu shot yet?

Since I am over 65 I also got the pneumonia and shingles vaccine. I did get sick after the pneumonia shot, but never with the flu or shingles. My boyfriend claimed he got so sick after his pneumonia shot he swore he would never, ever get another one. I just laughed at him as the kind he got (years ...
by dcnut
Thu Oct 16, 2014 1:48 pm
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 5425

Re: Your personal risk level: Got your flu shot yet?

This may be of interest: Last year, while at a routine office visit with my allergist, I asked for and received a flu shot. After I got home, I wondered about the high dose as I did not know which shot I received. So, I called the Dr. and asked. I was told that they did not have the high dose vacci...
by dcnut
Thu Oct 16, 2014 1:23 pm
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 5425

Re: Your personal risk level: Got your flu shot yet?

Both DW and I got our high-dose flu shots yesterday. My arm is a little sore, but no big deal. We did have trouble, however, finding a place to get the shots. Our allergy doctor had the regular flu vaccine, but not the high dose. Our family practice doctor had no supplies whatsoever. The convenient ...
by dcnut
Fri Sep 12, 2014 10:12 pm
Forum: Personal Consumer Issues
Topic: Recommended World War I book
Replies: 48
Views: 5097

Re: Recommended World War I book

If you enjoy mystery historical fiction, the books written by Charles Todd are great. There are two separate series, both involve World War I. In the Inspector Ian Rutledge series, a former British officer (Ian Rutledge) returns home with a bad case of shell shock, but he recovers enough to return t...
by dcnut
Tue Jun 24, 2014 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement age for software engineers
Replies: 94
Views: 23472

Re: Retirement age for software engineers

I took voluntary early retirement just prior to my 57th birthday. I am a software engineer, and worked 31 years for the same company (a research laboratory). I left with the understanding that I would be hired back part-time to help maintain the software I had written. Today, I am 69 years old, and ...
by dcnut
Sat May 03, 2014 12:23 pm
Forum: Personal Consumer Issues
Topic: Polyurea garage floor
Replies: 11
Views: 2550

Re: Polyurea garage floor

This is a much cheaper alternative that I have looked into. G-Floor is a garage mat that comes in various sizes up to 10' by 24'. My 2-car garage would require 2 of these mats. No experience with these, but noticed Menards has one in their ad, it is a smaller size but cost comes to $1 per square fo...
by dcnut
Thu May 01, 2014 10:40 am
Forum: Personal Consumer Issues
Topic: Polyurea garage floor
Replies: 11
Views: 2550

Re: Polyurea garage floor

Poly (urea - aspartic acid) is a variation in urethane chemistry. It should work well UNLESS you have moisture seeping up through your garage floor. Definitely more durable than epoxy. Personally I prefer some sort of tile or rubber mat system to avoid all of the chemistry issues. This is a much ch...
by dcnut
Wed Apr 30, 2014 10:31 pm
Forum: Personal Consumer Issues
Topic: Polyurea garage floor
Replies: 11
Views: 2550

Re: Polyurea garage floor

Polyurea is about 50% more expensive than epoxy, but is much more durable. An added advantage of Polyurea is that you can drive on it in 24 hours. With epoxy, you must wait something like 5 days. This is not a do-it-yourself project. Because it sets up so quickly, you need to hire a professional, an...
by dcnut
Wed Apr 30, 2014 10:11 pm
Forum: Personal Consumer Issues
Topic: Polyurea garage floor
Replies: 11
Views: 2550

Polyurea garage floor

My concrete garage floor is very pitted after years of use. I live in the Chicago area, so there is always lots of snow and salt every winter. I am reviewing a proposal from a company that has been installing Polyurea on floors for five years. They were one of the first companies to use this materia...
by dcnut
Sat Mar 29, 2014 10:36 am
Forum: Personal Consumer Issues
Topic: Electric razors where replacement blades cost same as razor
Replies: 19
Views: 6722

Re: Electric razors where replacement blades cost same as ra

I have been using Norelco for 40 years or so. I even bought shares in Phillips electronics. I have never felt that I needed to replace the blades. I usually replace the shaver when the battery needs replacement, and that usually takes a few years. Perhaps I don't need as close a shave as the rest of...
by dcnut
Fri Mar 28, 2014 9:36 am
Forum: Personal Finance (Not Investing)
Topic: IRS letter claiming return is late - anyone experience this?
Replies: 51
Views: 11972

Re: IRS letter claiming return is late - anyone experience t

My hard and fast rule has always been to use certified mail for anything sent to the IRS or state income tax authority. It is worth the peace of mind. This included estimated tax payments before I learned about EFTPS (paying over the internet).
Glenn
by dcnut
Mon Feb 10, 2014 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: "The dangers of long-term care insurance"
Replies: 132
Views: 18474

Re: "The dangers of long-term care insurance"

I would set aside at least $2M to cover LT care for my wife and I in the Chicago suburbs. The rate of inflation in LT care is ridiculous. Both my mother and mother-in-law spent several years in a nursing home here. In 1995 the cost was a little over $3K per month. In 2010 the cost was over $12K per ...
by dcnut
Sat Feb 08, 2014 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8960 (Net Investment Income Tax)
Replies: 6
Views: 3105

Re: Form 8960 (Net Investment Income Tax)

Yes, I will definitely wait until the instructions are finalized, but I am not confident that this issue will be resolved.

Glenn