Search found 634 matches

by cadreamer2015
Sat Jun 23, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: [USA-FL] Selling a joint deed/mortgaged property when one person wants out?
Replies: 4
Views: 98

Re: [USA-FL] Selling a joint deed/mortgaged property when one person wants out?

Google partition action. Basically one part owner can sue the other part owner and get a judge to order the property sold and the proceeds split. Can be an expensive and time consuming process.
by cadreamer2015
Sat Jun 23, 2018 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 10
Views: 1022

Re: Retirees: When you cut spending, what do you cut?

We haven’t had to cut spending (yet?) in retirement, but here is what I think we’d cut back: Travel - currently budget $22,500 per year for travel so that’s an obvious target Eating out - could probably save several thousand $ per year by eating out much less often Postpone postponable purchases - o...
by cadreamer2015
Tue Jun 19, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: I don't trust my own estimate of expenses
Replies: 29
Views: 2208

Re: I don't trust my own estimate of expenses

We use mostly plastic for things like groceries, so it is a relatively simple matter to look at the end-of-year summary reports that I get both from Chase and Citibank. They will break the charges out by category and you can import the file into Excel or another spreadsheet program.
by cadreamer2015
Sat Jun 02, 2018 7:37 am
Forum: Personal Consumer Issues
Topic: Energy Industry [looking for website to discuss]
Replies: 23
Views: 1597

Re: Energy Industry

As another poster noted, energy industry can mean many different things. I worked for big oil for 14 years and have worked for an energy consulting firm for another 10. The Oil, gas and coal industries are basically commodity producers where fortunes and employment prospects go up and down with the ...
by cadreamer2015
Wed May 30, 2018 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: 15% rate of return in last 15 years can I expect the same in next 16 years
Replies: 39
Views: 4078

Re: 15% rate of return in last 15 years can I expect the same in next 16 years

How did you calculate your 15% rate of return? If you made no investments over the past 15 years you would have started out with ~$185,000 in each of the taxable and tax deferred accounts. 15% return compounded over 15 years would take those initial investment amounts to a little over $1.5 million e...
by cadreamer2015
Tue May 29, 2018 6:01 am
Forum: Personal Consumer Issues
Topic: DNA ancestry testing
Replies: 53
Views: 4681

Re: DNA ancestry testing

I, too, have found FamilyTreeDNA less reliable than Ancestry and 23andme. FT showed a whole bunch of people as relatives who I couldn’t figure out how they could possibly be related - as our family as a pretty extensive paper genealogy I know where most of my ancestors came from. I had done the DNA ...
by cadreamer2015
Tue May 29, 2018 5:54 am
Forum: Investing - Help with Personal Investments
Topic: Creative Planning vs Vanguard PAS
Replies: 90
Views: 5367

Re: Creative Planning vs Vanguard PAS

IIRC If you are a Flagship client at Vanguard you can have a once a year free financial plan update with a CFP, if having a CFP is important to you.
by cadreamer2015
Mon May 28, 2018 1:10 pm
Forum: Personal Consumer Issues
Topic: GFCI trips when toaster oven turned on
Replies: 33
Views: 1827

Re: GFCI trips when toast oven turned on

Even if the toaster plugs are upstream of the GFCI, is it on the same circuit? (Check the breaker box). If it is on the same circuit, perhaps the CFCI is detecting some anomaly in the current/voltage when the toaster is turned on. But IANAE. I would look into replacing the toaster as well.
by cadreamer2015
Sun May 27, 2018 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Best Available 2018 tax estimator
Replies: 22
Views: 3623

Re: Best Available 2018 tax estimator

Do any of these 2018 tax estimators handle the 20% deduction/exclusion for self employment income?
by cadreamer2015
Sun May 20, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 72
Views: 8107

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

You certainly don't need and can't afford planning help with asset allocation. I completely disagree with even using a fee-only planner for that. However you may need to revisit the estate plan you had with your husband and for that you should probably get professional help. I don't think the OP ne...
by cadreamer2015
Sun May 20, 2018 7:45 am
Forum: Investing - Help with Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 72
Views: 8107

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

So very sorry for your loss. As others have written, the wiki on what to do with a windfall would be good reading for you. The Vanguard PAS for 0.3% might be worthwhile. One thing others have not mentioned is a question that might take a while for you to think about and answer: Do you expect to be o...
by cadreamer2015
Sun May 20, 2018 6:45 am
Forum: Investing - Help with Personal Investments
Topic: Wife Retiring hesitant to roll-over funds to Vanguard
Replies: 36
Views: 2670

Re: Wife Retiring hesitant to roll-over funds to Vanguard

We are not concerned about having essentially all of our financial assets at Vanguard. But as others have written, it is your wife's money and she should do what is reasonable to sleep well at night. Fidelity or Schwab are reasonable choices to roll over her 401k investments, as long as one invests ...
by cadreamer2015
Thu May 10, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: How to pass life insurance proceeds from my parents' second to die policy on to my children tax free?
Replies: 17
Views: 1146

Re: How to pass life insurance proceeds from my parents' second to die policy on to my children tax free?

If you are listed as a beneficiary per stripes you might me able to disclaim the your share of the proceeds and have the proceeds pass to your children. Your parents need to check with their life insurance company.
by cadreamer2015
Mon May 07, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Means of Titling/Re-Titling [checking acct into] my RLT?
Replies: 20
Views: 1155

Re: Means of Titling/Re-Titling [checking acct into] my RLT?

We never retitled our checking accounts into our RLT. Unless it normally has several tens of thousands of dollars in it I didn’t really see the point. I know that Vanguard Trust Services required me to send the entire trust document before they would agree to be successor trustee.
by cadreamer2015
Fri May 04, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Continuing Care facility - shielding some assets for the kids
Replies: 37
Views: 3944

Re: Continuing Care facility - shielding some assets for the kids

There are many flavors of CCRCs. They are generally categorized as Type A, B, or C life-care contract models.
Thank you, fourwheelcycle, for your detailed and informed contribution to the discussion.
by cadreamer2015
Thu May 03, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Continuing Care facility - shielding some assets for the kids
Replies: 37
Views: 3944

Re: Continuing Care facility - shielding some assets for the kids

We don’t know what the minimum required assets are. All they have told us is that our assets are more than required. As for the trust, our attorney says that it would be “very expensive” to set up a trust. If it were me I would ask the CCRC what their minimum required assets are, and tell them you ...
by cadreamer2015
Thu May 03, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Continuing Care facility - shielding some assets for the kids
Replies: 37
Views: 3944

Re: Continuing Care facility - shielding some assets for the kids

Why should the care facility fund that on your behalf? A better question is why should the OP fund the CC facility's acceptance of medicare and medicaid patients at the government capped rate? I don't think any of these facilities ever keep anyone for free at the facility's own cost. The CCRC where...
by cadreamer2015
Wed May 02, 2018 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate taxes- is this right?
Replies: 3
Views: 490

Re: Real estate taxes- is this right?

If the seller has already paid property taxes 7 months past the closing date you will need to pay (reimburse) the seller for those payments.
by cadreamer2015
Wed May 02, 2018 11:22 am
Forum: Personal Consumer Issues
Topic: Relocation with 'lump sum' bonus
Replies: 11
Views: 791

Re: Relocation with 'lump sum' bonus

We’ve done 4 cross country moves in the past 25 years. Only one was completely company paid for. For kitchen/breakable stuff we’ve always used moving company packers. They usually really know their stuff and are far more efficient at wrapping things so they won’t break and packing them in appropriat...
by cadreamer2015
Mon Apr 30, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Single Member LLC vs. S-Corp vs. Operating as DBA under S-Corp
Replies: 2
Views: 316

Re: Single Member LLC vs. S-Corp vs. Operating as DBA under S-Corp

You should speak with a business attorney about business liability. Generally speaking an LLC will not shield your wife from liability from acts of commission or omission on her own part. It may shield her personal assets from liability from acts of employees. IANAL so I can’t speak to the liability...
by cadreamer2015
Sat Apr 28, 2018 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Calculating net present value of a govt pension
Replies: 15
Views: 1906

Re: Calculating net present value of a govt pension

What is the point of calculating the net present value of a government pension? Any future stream of payments (both income and expense) can be reduced to a net present value. I could calculate the net present value of my future utility bills, which I might compare with an investment cost to lower my...
by cadreamer2015
Sun Apr 22, 2018 9:02 am
Forum: Personal Finance (Not Investing)
Topic: How long have you been unemployed?
Replies: 60
Views: 5684

Re: How long have you been unemployed?

My job at Megacorp was eliminated in a major RIF in July, 1994. I was paid through September. Accepted new job with 25% pay cut in November, started new job after move across the country from HCOL to MCOL location in January, 1995. So about 3 months collecting unemployment in a 35-40 year career.
by cadreamer2015
Sat Apr 21, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: How long have you been employed?
Replies: 44
Views: 2745

Re: How long have you been employed?

46 years of employment, not counting 1 year as a paper boy. First 6 were part time or summer jobs in high school, college or grad school. 37.5 years of full time employment followed by 2.5 years so far working 1/2 time as a consultant. That makes it about 70% of my life so far. Interesting to see ho...
by cadreamer2015
Sat Apr 21, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance Changing Lifestyle
Replies: 79
Views: 9925

Re: Inheritance Changing Lifestyle

It seems to me that your point #5 is the most serious one to resolve. I saw a recent FB post which said something like: I spent the first 2/3 of my left acquiring stuff that I will spend the last 1/3 of my life getting rid of. This spoke to me as I now am very reluctant to buy stuff that I or my kid...
by cadreamer2015
Fri Apr 20, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Two Solo 401k Questions
Replies: 22
Views: 1652

Re: Two Solo 401k Questions

I would have your Rover.com earnings deposited into your business account whatever else you do. I suppose it is possible, but I can't imagine a client of a dog walker searching for only dog walkers who had an LLC or S Corp. How often does that question come up when you speak with new or existing cli...
by cadreamer2015
Fri Apr 20, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Guaranty appraisal on real estate. Good idea? This must be a bubble?
Replies: 21
Views: 1452

Re: Guaranty appraisal on real estate. Good idea? This must be a bubble?

I'm not familiar with the term "Guaranty the appraisal." Does this mean that you are waiving the appraisal contingency in your offer? (The appraisal contingency is one of 3 standard contingencies in real estate offer contracts I've seen, the other 2 being loan approval and inspection.)
by cadreamer2015
Thu Apr 19, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Two Solo 401k Questions
Replies: 22
Views: 1652

Re: Two Solo 401k Questions

An LLC won't shield you from liability from your own actions. It might (depending on the circumstances) protect you from liability for the actions of an employee.
+1

You need business liability insurance.
by cadreamer2015
Thu Apr 19, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: Fixing Deadbolt Lock
Replies: 18
Views: 1327

Re: Fixing Deadbolt Lock

One learning could be to lubricate or otherwise service things that don't work right before they break. It should be possible to take the deadbolt out of the door by unscrewing it from the inside of the door. If it is a double keyed deadbolt you may need to put a key in the other side (away from the...
by cadreamer2015
Sun Apr 15, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Consultant leaning toward 1099 instead of W2 and looking for advice
Replies: 8
Views: 719

Re: Consultant leaning toward 1099 instead of W2 and looking for advice

Your mortgage lender will probably want to see 2 years of past tax returns showing your self employment income. I know my lenders all asked for that when I applied for a mortgage while self employed. Kind of hard to produce that if you are just starting as a 1099 contractor. If getting a mortgage ba...
by cadreamer2015
Fri Apr 13, 2018 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Doing Trust Tax Return...Help! I have two quick questions.
Replies: 2
Views: 352

Re: Doing Trust Tax Return...Help! I have two quick questions.

This link may help: https://www.irs.gov/pub/irs-tege/eotopicf01.pdf What does the trust document say about income of the trust? If it must all be paid out to the beneficiary then I think it is a simple trust (see link). If the trust is not required to pay out all income to the beneficiary then it se...
by cadreamer2015
Fri Apr 13, 2018 9:17 am
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 12903

Re: Work Commute: How far is too far?

Virtually every job I had in my 40 year career required a similar length commute in terms of time, though I was able to use public transit for 22 years and was in a car pool for 9 years. Commuting alone by car is a little more stressful but not a deal breaker for me. Are her work hours regular? If y...
by cadreamer2015
Thu Apr 12, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage qualifying when retired
Replies: 6
Views: 873

Re: Mortgage qualifying when retired

Try Bank of America. I got an asset depletion mortgage from them. Also talk to mortgage brokers. They will know which lenders do asset depletion mortgages.
by cadreamer2015
Sun Apr 08, 2018 5:43 pm
Forum: Personal Consumer Issues
Topic: Has anyone taken a Road Scholar trip to Africa?
Replies: 0
Views: 437

Has anyone taken a Road Scholar trip to Africa?

We’re looking at possible trips to Kenya/Tanzania/Zambia/Zimbabwe. Interested in seeing wildlife and nature. Would appreciate any first hand experiences and recommendations.
by cadreamer2015
Sat Mar 31, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a relocation for current employer
Replies: 4
Views: 535

Re: Negotiating a relocation for current employer

I would not commute 4 hours per day, even 3 days per week. I had some colleagues in my NYC office who did that and I could not understand their lifestyle. It sounds like a reasonable career move to make but I would choose to live maybe a 60 or 75 minute commute to the office and visit family on the ...
by cadreamer2015
Fri Mar 23, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Tax deductions for costs of planner for setting up special needs trust
Replies: 11
Views: 652

Re: Tax deductions for costs of planner for setting up special needs trust

This may not be deductible against your personal taxes, but might be deductible against the trust's income. If I recall correctly there is no 2% floor on deductible legal expenses on the 1041 trust tax return.
by cadreamer2015
Mon Mar 19, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Questions related to the dissolution of a recently inherited trust (taxes, gains, etc)
Replies: 6
Views: 346

Re: Questions related to the dissolution of a recently inherited trust (taxes, gains, etc)

There is generally no inheritance tax (a few states may have this but there is no federal inheritance tax). It sounds like from the information you've gotten from the trust law firm that the cost basis of the stock portfolio is well below current market price and not at the most recent date of death...
by cadreamer2015
Mon Mar 19, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Does credit score matter if you never plan to borrow money again?
Replies: 44
Views: 4360

Re: Does credit score matter if you never plan to borrow money again?

There was a small remaining account balance and they asked if I wanted to use their internet only service for the remainder. I agreed to that and decided I didn’t like it and didn’t use it. When a renewal letter came, I tossed it out figuring that was that, but there was apparently a statement I di...
by cadreamer2015
Sun Mar 18, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: no health insurance as an early retirement strategy
Replies: 30
Views: 2219

Re: no health insurance as an early retirement strategy

I don't know what Medigap insurance costs. That's obviously a consideration. However, if I had to choose, I'd rather go without expensive insurance during my working years, pocket that money, and then retire early with some sort of Medigap policy than the other way around. It makes more sense. Medi...
by cadreamer2015
Mon Mar 12, 2018 2:06 pm
Forum: Personal Consumer Issues
Topic: House Hunting Concerns With Well
Replies: 41
Views: 3529

Re: House Hunting Concerns With Well

The reason a deeper well requires a lower fill rate in gpm is based on the calculation that the maximum likely usage is 960 gallons in a 4 hour period. If there is ~500 gallons in the well because of its depth and the well fills at 2 gpm, then there will be 980 gallons available in a 4 hour period, ...
by cadreamer2015
Mon Mar 12, 2018 12:40 pm
Forum: Personal Consumer Issues
Topic: House Hunting Concerns With Well
Replies: 41
Views: 3529

Re: House Hunting Concerns With Well

Here are some links as requested by the OP. https://www.maine.gov/sos/cec/rules/10/144/144c232.doc https://www.des.nh.gov/organization/commissioner/pip/factsheets/dwgb/documents/dwgb-1-8.pdf One source (Maine) states that each foot of well depth holds about 1 1/2 gallons of water in the well itself....
by cadreamer2015
Sun Mar 11, 2018 1:39 pm
Forum: Personal Consumer Issues
Topic: House Hunting Concerns With Well
Replies: 41
Views: 3529

Re: House Hunting Concerns With Well

The deeper the well the lower the required flow rate. Searching the web for data I found a New Hampshire state document that says for a 360 foot deep well the minimum required flow rate is 1gpm and the optimum flow rate is 2gpm or greater. So this well may be perfectly sufficient.
by cadreamer2015
Sat Mar 10, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Obtaining a mortgage in retirement...
Replies: 9
Views: 992

Re: Obtaining a mortgage in retirement...

If I recall correctly, asset depletion mortgages only consider retirement assets (401ks, IRAs etc.) Probably worth talking with several banks and mortgage brokers in your target geography well in advance of your planned move.
by cadreamer2015
Thu Mar 08, 2018 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: 8 mil loss on 1099...
Replies: 35
Views: 5955

Re: 8 mil loss on 1099...

Are these covered or noncovered shares? If they are noncovered then the cost basis is not going to be reported to the IRS.
by cadreamer2015
Thu Mar 08, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Real estate sale question
Replies: 13
Views: 782

Re: Real estate sale question

Whether or not the in-laws owe capital gains taxes most probably depends on whether they have a capital gain of more than $500,000. Assuming they have lived in the home 2 of the last 5 years, I believe there is still an exclusion of $500,000 (joint return) of capital gains on a principal residence h...
by cadreamer2015
Wed Mar 07, 2018 6:57 pm
Forum: Investing - Theory, News & General
Topic: Grandparent inheritence planning
Replies: 6
Views: 1004

Re: Grandparent inheritence planning

Thanks for the information as I was unaware you could continue to add beneficiaries and maintain an equal split on one account. Yes, you can change, add and/or delete beneficiaries at any time. If there is a concern about grandchildren inheriting when they are still minors, this is something that i...
by cadreamer2015
Wed Mar 07, 2018 5:20 pm
Forum: Investing - Theory, News & General
Topic: Grandparent inheritence planning
Replies: 6
Views: 1004

Re: Grandparent inheritence planning

Why can't there be just one account with all the grandkids listed as equal beneficiaries? Seems easier than managing 4 or 6 or more accounts, making sure they are equal, etc. I imagine the same thing could be accomplished through a will, and it might be wise to consult an estate planning attorney to...
by cadreamer2015
Thu Mar 01, 2018 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total International (VXUS) is an inferior choice?
Replies: 10
Views: 2776

Re: Vanguard Total International (VXUS) is an inferior choice?

Interesting calculation but I'm not going to get excited about .025%. On a $250,000 investment in international equities, this means $62.50 per year.
by cadreamer2015
Wed Feb 28, 2018 11:16 am
Forum: Personal Consumer Issues
Topic: Move to Orange County
Replies: 50
Views: 4294

Re: Move to Orange County

We live very comfortably in North San Diego County on less income. Housing is probably cheaper here than in many parts of Orange County, and I have no commuting expenses since I work from my home office.
by cadreamer2015
Mon Feb 26, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Help with College admission questions for DD's friends
Replies: 11
Views: 537

Re: Help with College admission questions for DD's friends

You will get a wealth of expertise on the college confidential website, particularly their financial aid forum. For friend #1 much depends on what her parents are willing to spend (absolutely no more than $120,000?), whether she is likely to go to graduate school, whether her likely major will put h...