Search found 398 matches

by flowerbuyer
Sat Apr 21, 2012 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Why I'm considering long term care insurance
Replies: 39
Views: 4245

Re: Why I'm considering long term care insurance

In 1989, at the age of 63, my mom purchased an LTCI policy from what is now Genworth. The policy was written to pay $XXX per day, after a 20 day waiting period, and included a 4%/year inflation adjustment. Fast forward to 2010, when her policy began paying for her LTC in a private care home for deme...
by flowerbuyer
Mon Apr 16, 2012 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here use a CPA for their taxes?
Replies: 58
Views: 4779

Re: Does anyone here use a CPA for their taxes?

I have my mom's long-time CPA file my mom's returns because of Long Term Care costs, Long Term Care Insurance reimbursement. He's expensive, ($750) but I feel he's worth it under the circumstances.
My husband uses a different CPA to do our returns, though next year I will do them using TT.
by flowerbuyer
Sat Mar 31, 2012 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: How should one deal with adult children's finances?
Replies: 144
Views: 10830

Re: How should one deal with adult children's finances?

My kids are much older now, but when they were in high school, my rule (frequently voiced) was, "If younlive in my house you either are in school full time or you have a job and you contribute". This was my parents rule also, and I had the same rule for my daughters, plus one more: "You live in my ...
by flowerbuyer
Mon Mar 26, 2012 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone wealthy by being "self-made"? (No Inheritence, etc..)
Replies: 96
Views: 8146

Re: Anyone wealthy by being "self-made"? (No Inheritence, et

Yes, you can become wealthy without an inheritance, and starting with nothing. But be prepared to work hard, stay focused, and make sacrifices to attain your success. My husband was raised by a deaf, widowed mother who barely made ends meet, yet instilled a sense of pride through hard work in her ch...
by flowerbuyer
Mon Mar 26, 2012 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone wealthy by being "self-made"? (No Inheritence, etc..)
Replies: 96
Views: 8146

Re: Anyone wealthy by being "self-made"? (No Inheritence, et

Unless I am profoundly mistaken, most millionaires are self-made in this country. This country is world renown for rewarding those who are lucky and/or work hard. Cornelius Vanderbilt, the richest man of his era died and willed his money. Within two generations, it was totally gone. If this is your...
by flowerbuyer
Sun Mar 18, 2012 4:55 pm
Forum: Personal Consumer Issues
Topic: That Frugal Thing You Do
Replies: 587
Views: 141408

Re: That Frugal Thing You Do

When we go out to dinner, we eat only half, and bring the rest home for the next day....even in the nicer restaurants. And in most cases, our drink of choice is water. Sometimes a glass of wine, but never soft drinks.
by flowerbuyer
Fri Mar 09, 2012 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Trip Cancellation Insurance
Replies: 18
Views: 3009

Re: Trip Cancellation Insurance

HI: We don't take trip cancellation insurance for trips within the US, because usually when you cancel airline reservations, you can rebook them at a later date, with additional change fees and rates, if applicable. We don't think it's worth the cost for domestic flights, for us. However, we do take...
by flowerbuyer
Mon Feb 20, 2012 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Second marriages and blended finances
Replies: 62
Views: 4597

Re: Second marriages and blended finances

My husband and I have been married (2 nd for each of us) for 17 years, and have kept everything separate, and have a pre-nup. He pays the majority of the bills, though I pay some,too. His net worth is ten times mine, so that is fair. All of his assets, except our primary home, snowbird home and cars...
by flowerbuyer
Sat Feb 11, 2012 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: advice on reimbursement for CC fraud
Replies: 9
Views: 776

Re: advice on reimbursement for CC fraud

We went through similar crap with a fraudulent charge from some credit monitoring company that neither my husband nor I knew about. that particular card had not been used in nearly two years, and had been locked in our safe for over a year! We talked to their fraud dept three times, filled out paper...
by flowerbuyer
Tue Feb 07, 2012 7:00 pm
Forum: Personal Investments
Topic: Reorganized WAMU stock holders
Replies: 11
Views: 1462

Re: Reorganized WAMU stock holders

According to the documents I received, Feb 9th is the deadline for the company handling this to receive the signed documents.
by flowerbuyer
Fri Jan 27, 2012 1:16 pm
Forum: Personal Investments
Topic: Slammed by Muni bond calls
Replies: 3
Views: 753

Re: Slammed by Muni bond calls

Yup!!! In my mom's portfolio.
by flowerbuyer
Thu Jan 26, 2012 1:24 pm
Forum: Investing - Theory, News & General
Topic: Credit unions: state vs. federal charter
Replies: 19
Views: 5033

Re: Credit unions: state vs. federal charter

Definitely NCUA insured. Some state chartered CU's don't have NCUA coverage. My son, who is the senior attorney for the NCUA, advised us to stay with federally chartered CUs. :shock:

But ours is State chartered with NCUA insurance.
by flowerbuyer
Mon Jan 23, 2012 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Planning (Estate) for Parent with Alzheimer's
Replies: 8
Views: 984

Re: Financial Planning (Estate) for Parent with Alzheimer's

The look-back period for Medicaid is 5 years. But this is why you need an Elder Law attorney....they know the ins and outs of Medicaid requirements, including how much the spouse can keep. As for changing the will, I've noticed there are at least two views to that: Some attorneys will not allow a pe...
by flowerbuyer
Sat Jan 21, 2012 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Planning (Estate) for Parent with Alzheimer's
Replies: 8
Views: 984

Re: Financial Planning (Estate) for Parent with Alzheimer's

I am so sorry to hear about your grandfather. My mom was diagnosed 7 years ago. Fortunately, she has more than enough assets to pay for her care. However, your grandfather has a much smaller asset base, and over time the cost of care can easily run into the hundreds of thousands of dollars. So, the ...
by flowerbuyer
Sat Jan 21, 2012 3:37 am
Forum: Investing - Theory, News & General
Topic: "Blue Hedge Investments"
Replies: 7
Views: 825

Re: "Blue Hedge Investments"

:lol:
by flowerbuyer
Thu Jan 19, 2012 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: On Giving Sensitive Info to Your Executor
Replies: 23
Views: 2215

Re: On Giving Sensitive Info to Your Executor

Personally, I don't think it is necessary to provide passwords to the accounts, nor did I provide information on the value of each account.. I did provide the executor with a list of everything they will need: Copy of all our legal documents, name, phone and address of our attorney. Bank names and b...
by flowerbuyer
Mon Jan 16, 2012 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to send financial data to an adult child in case of a ca
Replies: 27
Views: 2625

Re: How to send financial data to an adult child in case of

When my husband asked his son (on the opposite side of the country) to be the backup executor of his estate, his son asked for the name and phone number of our attorney, plus information he would need. I set up a list of the following: Bank names with the type of account and beneficiary. Credit unio...
by flowerbuyer
Fri Jan 13, 2012 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Opinions on Highlander, Venza, CX-9
Replies: 46
Views: 4898

Re: Opinions on Highlander, Venza, CX-9

We bought a 2011 Highlander last March, and I love it. There is a noticeable difference in the ride between the Highlander and the Lexus RX...the Lexus being smoother, of course. I like the Highlander for the cargo space and third row of seats (for grandkids). I didn't like the rear visibility in th...
by flowerbuyer
Tue Jan 03, 2012 5:11 pm
Forum: Investing - Theory, News & General
Topic: credit, debit, or cash?
Replies: 54
Views: 3810

Re: credit, debit, or cash?

Simply put, I like the convenience of the credit card, and the cash back feature. We pay them off in full each month. They let me track expenditures. I don't forget to enter a transaction into my checkbook. I use my debit card only when traveling for ATM cash, as needed. If the cc companies begin ad...
by flowerbuyer
Sun Dec 18, 2011 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Best Shopping Club (Sam's Club, BJs, Costco)
Replies: 91
Views: 12960

Re: Best Shopping Club (Sam's Club, BJs, Costco)

Costco, definitely. The Sam's Club in La Quinta copied Costco's layout to a tee, but they have much lower quality goods, in my opinion. They were within 1/2 mile of Costco, and closed within two years. Costco continues to bring in new items of quality, and their return policy can't be beat, even tho...
by flowerbuyer
Tue Dec 13, 2011 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Helping MIL with financial duties and siblings
Replies: 15
Views: 1182

Re: Helping MIL with financial duties and siblings

As DPOA, I have managed my mom's financial accounts for the past five years. I maintain detailed Excel spreadsheets, by month. One for expenses, one for current value of assets detailing each item with estimated income. One for investment changes: buys, sells, but mostly calls on muni bonds, and reb...
by flowerbuyer
Fri Nov 25, 2011 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Is there such a thing as a FInancial Intervention?
Replies: 36
Views: 3776

Re: Is there such a thing as a FInancial Intervention?

BTW, I raised my two daughters under different circumstances (on a budget). Both adults, both still single, both self-supporting, they are gifted from my mother's estate each year, and there are more strings on that money than a guitar: $5,000 to Roth IRA, the rest to max out their 401Ks (on top of...
by flowerbuyer
Fri Nov 25, 2011 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Is there such a thing as a FInancial Intervention?
Replies: 36
Views: 3776

Re: Is there such a thing as a FInancial Intervention?

Husband and I have been married for 17 years (he is 72 and I am 67). I did not raise this child, but I love her. Being that she is my stepdaughter, I am limited as to what I can do, personally,other than advise my husband to do some tough love, and print out this thread for him to read. We have disc...
by flowerbuyer
Fri Nov 25, 2011 4:50 pm
Forum: Personal Consumer Issues
Topic: What was your very first job
Replies: 103
Views: 6746

Re: What was your very first job

Long Distance Operator for Pacific Northwest Bell, in Seattle,; started middle of my senior year in high school, and worked there for four years while going to the UW. It was great on a resume', because they had such a great reputation for choosing and training their employees.
by flowerbuyer
Thu Nov 24, 2011 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Is there such a thing as a FInancial Intervention?
Replies: 36
Views: 3776

Re: Is there such a thing as a FInancial Intervention?

I truly appreciate all of your advice...I plan on telling my husband of your wise words. He told me she needs to hit rock bottom, I just don't know if he is strong enough to let her. Which is why I asked about an intervention. I know she would be furious, but maybe it would get some serious attentio...
by flowerbuyer
Thu Nov 24, 2011 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is there such a thing as a FInancial Intervention?
Replies: 36
Views: 3776

Re: Is there such a thing as a FInancial Intervention?

Buzz words - BMW, Lexus, make me think this didn't happen overnight. Failure to manage expectations combined with a reality check are in my opinion overdue. That's about as polite as I can be considering this is Thanksgiving and what many people are going through in these tough times. This is just ...
by flowerbuyer
Thu Nov 24, 2011 4:56 am
Forum: Personal Finance (Not Investing)
Topic: Is there such a thing as a FInancial Intervention?
Replies: 36
Views: 3776

Is there such a thing as a FInancial Intervention?

My 45 year old stepdaughter has created a financial disaster for herself., and expects to be rescued. She has an attitude of entitlement(her dad's words). She divorced last year. She has two spoiled daughters, 16 and 10, to whom she has never said "no".She and her ex have shared custody. In the divo...
by flowerbuyer
Mon Nov 21, 2011 1:49 am
Forum: Personal Finance (Not Investing)
Topic: fiduciary responsibility for parent
Replies: 43
Views: 3180

Re: fiduciary responsibility for parent

AS POAs, you and your sister have a fiduciary responsibility to always act in your mother's best interest. Your sister sounds like she is acting in HER OWN best interest by wanting the money now. Therefore, I would not do the gifting for several reasons: Your mother may very well live longer than yo...
by flowerbuyer
Thu Nov 10, 2011 3:51 pm
Forum: Investing - Theory, News & General
Topic: How a financial planner lost his home
Replies: 203
Views: 18745

Re: How a financial planner lost his home

I still worry about what others think of my behavior, which is one reason I haven’t shared this story with many people until recently. Oh well, here let me help you with that: I think you are --deleted-- who happily and knowingly lived far beyond his means, even eyeballing MORE greedy speculative c...
by flowerbuyer
Wed Nov 02, 2011 8:49 pm
Forum: Investing - Theory, News & General
Topic: If You Won the Lottery
Replies: 30
Views: 3320

Re: If You Won the Lottery

Take the lump sum. Who knows if the annual payments will be there in the future? Set up an FLLP, If the lottery will pay to a FLLP. Each member of the FLLP would be paid their share, and would be responsible for paying the taxes on it. Set up trusts for the children and grandchildren in the FLLP, an...
by flowerbuyer
Fri Oct 28, 2011 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: medicare advantage vs medigap
Replies: 28
Views: 3573

Re: medicare advantage vs medigap

Just make sure you, before you change from Medicare Advantage to Medigap that you have a doctor lined up who will accept you as a Medicare patient. In our area, they are few and far between, and we live in our State Capitol! Wow. I guess there is a physician shortage in Olympia. Around here it's ra...
by flowerbuyer
Thu Oct 27, 2011 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: medicare advantage vs medigap
Replies: 28
Views: 3573

Re: medicare advantage vs medigap

Just make sure you, before you change from Medicare Advantage to Medigap that you have a doctor lined up who will accept you as a Medicare patient. In our area, they are few and far between, and we live in our State Capitol!
by flowerbuyer
Tue Oct 25, 2011 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Seniors--had any issue with docs not taking Medicare?
Replies: 47
Views: 4098

Re: Seniors--had any issue with docs not taking Medicare?

Doctors who accept Medicare in our area are few and far between, and we live in the State Capitol! And forget about switching from an HMO to a non-HMO doc...they won't accept any new Medicare patients, if they accept any at all. :annoyed Yes, it's a huge problem in our area. I have several friends w...
by flowerbuyer
Sat Oct 15, 2011 1:10 pm
Forum: Personal Investments
Topic: Purchase of pension time
Replies: 4
Views: 941

I had this opportunity when I retired, to purchase an additional five years of service, using my deferred comp fund. I'm happy I did it, as it includes up to a 3% COLA, and the funds in my def comp plan were lousy, anyway. Even without the COLA, it paid out more than a SPIA would, using the same fun...
by flowerbuyer
Wed Oct 12, 2011 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Have family members changes affect your outlook?
Replies: 22
Views: 2048

Observations of my parents' retirement; Dad retired at age 55 in 1979, with a police pension, and no debt. Mom quit work so she could spend time with dad. They lived frugally, did a little traveling (on a budget), and spent much of their time in volunteer work and enjoying time with their grandchild...
by flowerbuyer
Wed Oct 05, 2011 7:59 pm
Forum: Personal Consumer Issues
Topic: CNN: Steve Jobs has died
Replies: 93
Views: 9484

:(
by flowerbuyer
Wed Sep 28, 2011 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: How much are retirees spending every year?
Replies: 39
Views: 5233

We spend about $65,000 per year. However, at least $10,000 of that is to maintain a very modest snowbird home in the California desert. Healthcare premiums, copays, and meds cost us around $7,000 not including the Medicare Part B premium. Husbands golf and dues cost around $8,000. We do some traveli...
by flowerbuyer
Wed Sep 28, 2011 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care
Replies: 140
Views: 9453

I am in complete agreement that family care is not free care. Even if there isn't a financial cost (and there often is), there is an emotional and physical cost. And if your loved one has Alzheimer's, as my mom does, the toll on family caregivers is often the health of the caregiver, in addition to...
by flowerbuyer
Wed Sep 28, 2011 2:08 pm
Forum: Personal Investments
Topic: Should a 28 year old establish a Will?
Replies: 15
Views: 1398

Yes, primarily because he owns real estate. In some states, and I don't know the probate laws in your state, it can be very expensive to probate an intestate estate.
by flowerbuyer
Sat Sep 24, 2011 5:55 pm
Forum: Personal Investments
Topic: Position in retirement
Replies: 27
Views: 3181

We retired in January, 2007 and also have been hammered, to say the least. Not once, but twice!!! But we are going to stay the course. What else can we do, other than cut our expenses?
by flowerbuyer
Sat Sep 24, 2011 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Best/Fastest method of gifting $100K
Replies: 28
Views: 3069

Just have them gift you $13,000 (or $26,000 if the person giving the gift is married), and then gift the difference of $87,000 or $74,000 and THEY file a gift tax return for the second gifting. They will not owe gift tax unless they exceed their $5million lifetime limit. At least, that is how I unde...
by flowerbuyer
Sat Sep 24, 2011 3:08 pm
Forum: Personal Investments
Topic: WAMU Class Action Security Litigation Settlement
Replies: 10
Views: 1803

I, too, received the same papers for my mother's WAMU stock holdings.
I would be very interested in the replies here.
by flowerbuyer
Sat Sep 17, 2011 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Helping daughter go through a divorce.
Replies: 38
Views: 4294

Personally, as part of the divorce agreement, I would make the guy take a mortgage on the house (in his name only) and pay off all the debt, that way he doesn't get to keep the house AND later your daughter gets sued for the student loan debt. I would make the elimination of all debt she could poss...
by flowerbuyer
Mon Sep 12, 2011 1:19 am
Forum: Personal Finance (Not Investing)
Topic: Besides your mortgage, Do you finance anything?
Replies: 59
Views: 6565

No, we do not take out loans, for anything.
by flowerbuyer
Fri Sep 02, 2011 3:31 pm
Forum: Investing - Theory, News & General
Topic: Why not spend some of it?
Replies: 72
Views: 10006

Can't spend it. DH is saving it for his kids' inheritance.
by flowerbuyer
Mon Aug 22, 2011 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Wills, Estate planning help
Replies: 5
Views: 1153

My husband and I are doing the same thing tomorrow (updating current docs, changing attorney-in-fact, etc). Husband has two children, and four grandchildren, so in case one of his kids predeceases him, the will directs that child's share go into trusts for that child's children until age 25. All acc...
by flowerbuyer
Sat Aug 20, 2011 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Loan My Kid Money for College
Replies: 81
Views: 10702

I see nothing wrong with the student working part-time during the year, and full-time during summer break to earn spending money. My daughters did, earned good grades, and graduated without any student debt. Their dad and I (divorced) covered tuition, books, and room and board in the dorms. If they ...
by flowerbuyer
Fri Aug 19, 2011 3:42 am
Forum: Personal Finance (Not Investing)
Topic: Anyone buy a new car recently? Paperwork comment/question.
Replies: 37
Views: 6476

Purchased a car in March, for cash. Yes, we were surprised that we had to fill out credit info. Wasn't a big deal.
by flowerbuyer
Wed Aug 17, 2011 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Funeral
Replies: 45
Views: 5943

My parents purchased 4 burial plots in 1949 (2 adults, 2 kids). The cemetery allows one casket per plot, or two urns with cremated ashes per plot. Being frugal, we are opting for the 2/plot, and refer to it as the family burial condo.

Cremation, followed by a celebration of life.
by flowerbuyer
Wed Aug 10, 2011 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Documents
Replies: 4
Views: 808

I don't know which state you are in, but I find when someone dies "intestate" (without a will), probate can be costly, difficult and sticky. It's better, in my opinion, to have a will and name the representative for the estate, even if you have designated beneficiaries on all of your accounts. A Dur...