Search found 1532 matches

by HIinvestor
Sun Jun 17, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 37
Views: 3446

Re: How to calculate "fun money" per year?

We never really had a “budget” but worked hard to live under our income. We tried to have more frugal vacations when we had less income—go when H was being sent by employer for training and add a stop to stay with relatives of close friends en route. This really reduced cost of lodging. Locally, cam...
by HIinvestor
Sat Jun 16, 2018 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 72
Views: 4371

Re: Tracking spending before retirement useful for estimating retirement expenses?

H retired 5.5 years ago and I’m semi-retired. It works well for us. I did track our expenses roughly in the few years prior to retirement, as well as what would change. We no longer have a mortgage. Paid off all kids’ ed expenses. Can no longer contribute toward H’s retirement. Travel much more. Hav...
by HIinvestor
Sat Jun 16, 2018 8:20 pm
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 284
Views: 28671

Re: Concierge medicine Worth It????

I recently turned 60. I mostly see my internist as scheduled—every 6 months. I have a chronic progressive lung condition and see my local lung doc also every 6 months. My old internist (whom I’ve seen for over 30 years) was 68 and having his own health issues, so I asked my lung doc for a referral t...
by HIinvestor
Sat Jun 16, 2018 3:39 am
Forum: Personal Consumer Issues
Topic: completely free background check website
Replies: 7
Views: 1494

Re: completely free background check website

I agree that the quality of the info online is highly variable. The ones of folks I know often have people who are somehow connected listed as living together, though often it lists many more as living in the household than actually are. It also lists folks wholly unrelated and who don’t even know e...
by HIinvestor
Thu Jun 14, 2018 4:33 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 10687

Re: Timeshare ever worth it? Please share details

My friend bought two in Hawaii for $10 apiece, really. She has to pay $1000 or so annual fee but is entitled to a week every year at one and every other year at the other. When she can’t use it, she can rent it out or get points, I believe or swap with someone else. Im waiting to see how she likes i...
by HIinvestor
Mon Jun 11, 2018 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10540

Re: Why do we work?

H says he worked to pay bills—his and his dad’s— and loved his job and its benefits. After we met and married, it was to pay our bills and he continued to love his job and coworkers. H finally retired when the major bills had been paid and is enjoying retirement. I have loved my jobs and now am prim...
by HIinvestor
Sun Jun 10, 2018 11:26 pm
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 185
Views: 18598

Re: The Power of Working Longer

The big issue with working longer is that sometimes workers don’t get to choose how long they stay at their jobs—many are downsized or have to quit to care for loved ones. Finding a new job when you are in your 50s, 60s and 70s is challenging. Also, sometimes physical or mental conditions prevent fo...
by HIinvestor
Sun Jun 10, 2018 11:13 pm
Forum: Personal Consumer Issues
Topic: How much to invest in elementary education?
Replies: 37
Views: 2535

Re: How much to invest in elementary education?

Our kids attended out of district public schools (with mom driving) for grades K-8. It worked fairly well. They did go to a private HS, which also worked well and was cheaper than private K-12. I’d check what needs to happen for your D to go to school in the next zone or at least have her try starti...
by HIinvestor
Sun Jun 10, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: long term care insurance
Replies: 113
Views: 5808

Re: long term care insurance

Whatever policy you consider, please READ and understand the terms so you know when benefits start, what you have to do to get benefits, how much premiums can be increased and over what period, etc. When the fed govt was first encouraging its employees to buy LTCi for extended family, I carefully re...
by HIinvestor
Sat Jun 09, 2018 10:14 pm
Forum: Personal Consumer Issues
Topic: AT&T lower-cost data alternatives (is Sprint's $15/mth worth it)?
Replies: 27
Views: 2267

Re: AT&T lower-cost data alternatives (is Sprint's $15/mth worth it)?

We have 2 limes for $60/month in T-Mobile. No extra taxes or fees, no limits on texts, talk or data, free foreign text and data. Primary acctholder has to be 55 or older. H is a peinar with S and I am primary with D. As a family we pay total of $120 and never any extra surprise charges and you can u...
by HIinvestor
Sat Jun 09, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: Rowing machine motivation
Replies: 82
Views: 5329

Re: Rowing machine motivation

We got a water rower from waterrower.com for Christmas. I have gradually built up from 5 minutes until I’m now at just over 30 minutes per rowing session. When I can, I try to do a second rowing session. The rower lives next to my computer and my H and I each try to have one or two sessions on it da...
by HIinvestor
Mon Jun 04, 2018 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 13949

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

What about being a concierge cardiologist and just treat fewer patients that you handpick? Since money isn’t an issue, cut way back and just do the cases which appeal to you and refer out the rest? That would surely be easier and likely more satisfying than starting at the bottom in law school.
by HIinvestor
Mon Jun 04, 2018 1:45 am
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 13949

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

Our neighbor went to medical school after her youngest kid had graduated from college. She was a palliative care MD and is now one of the the medical directors of our BCBS. I’m not sure how long she plans to work or what she did before. As an attorney, I agree with law prof, the odds of becoming a l...
by HIinvestor
Tue May 08, 2018 11:24 pm
Forum: Personal Consumer Issues
Topic: Rental Cars:National, Budget, Alamo or Thrifty
Replies: 33
Views: 1668

Re: Rental Cars:National, Budget, Alamo or Thrifty

I generally just book at Costco.com car rentals and have been pretty satisfied. Rates are OK and you can have spouse as 2nd driver at no extra charge. I’ve been OK and had my share of good and bad with all the major companies—Hertz, Alamo, National, Budget, Avis and Enterprise. I just choose by pric...
by HIinvestor
Wed May 02, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Flood Insurance
Replies: 24
Views: 1460

Re: Flood Insurance

We had to buy hurricane and flood insurance when we had a mortgage. Since we paid it off, for a few years, we went without and then decided we ought to buy coverage again, especially with all the crazy weather worldwide. The premium price for the peace of mind is worth it to us, especially as many n...
by HIinvestor
Sun Apr 29, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Services that offer to buy your house?
Replies: 22
Views: 2571

Re: Services that offer to buy your house?

Realtors can generally get you a better sales prices and higher net amount after they take out their commission than these folks. They generally want anyone who will sell it to them for quick cash and then they can re-sell it at s nice profit. I’d avoid them myself, though we received fairly steady ...
by HIinvestor
Sun Apr 29, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Question [Gift Tax]
Replies: 30
Views: 1766

Re: Gift Question

You can give your D $15K this year. Your spouse can give your D $15 K this year. Next year, each of you can also give your D $15K. If you want to gift SIL, each of you can also gift SIL $15K each year. Whatever you gift becomes out of your control, so be sure you really want it to be property of the...
by HIinvestor
Sun Apr 29, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Favors for Family/Friends and Getting Compensated or Not?
Replies: 39
Views: 3361

Re: Favors for Family/Friends and Getting Compensated or Not?

Actually, you can say, “Thanks for asking but when we want X done, we hire Mr Z. I can share his contact info if you’d like.” It works like a charm. We don’t do heavy moving ourselves and hire others instead. I don’t feel it’s fair to ask for the things on you list other than a ride to the airport a...
by HIinvestor
Sun Apr 29, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: How do you fund spending in retirement
Replies: 26
Views: 3304

Re: How do you fund spending in retirement

H has his pension and RMDs from a retirement acct deposited directly into our checking account. That is generalkyball we need for our regular expenses.
by HIinvestor
Wed Apr 25, 2018 7:38 pm
Forum: Personal Consumer Issues
Topic: How did you tell the boss you're leaving/retiring?
Replies: 129
Views: 9724

Re: How did you tell the boss you're leaving/retiring?

H told his boss and coworkers 60 days before retiring. The boss was able to do extra paperwork knand owrsuade H to return with pay + pension for an extra 6 months. It was a win:win. H was very well respected by his coworkers and got along with all of them. He’s happily celebrating 6 years of returem...
by HIinvestor
Wed Apr 18, 2018 4:10 am
Forum: Personal Finance (Not Investing)
Topic: Please help figuring out cost of medical treatment(s)
Replies: 8
Views: 952

Re: Please help figuring out cost of medical treatment(s)

Sometimes there are organizations that MAY help you navigate. For example, folks with a genetic form of COPD can contact the national organization, Alpha1 Foundation and AlphaNet and they help patients get their expensive meds and a healthcare provider to infuse it. Id look for the national org for ...
by HIinvestor
Tue Apr 17, 2018 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Account for Adult Children Allowing Parent Some Control
Replies: 31
Views: 3699

Re: Account for Adult Children Allowing Parent Some Control

My relative set up joint accounts in each of his adult kids SSNs. The trouble is they are all in 25% or higher marginal tax brackets and this year the relative made short term capital gains. Each of the adult relatives was hit with extra taxes of $8000 to $22,000! They have asked for the funds to pa...
by HIinvestor
Tue Apr 17, 2018 4:56 am
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 10988

Re: Wanting to leave Fidelity

We have accts at Fidelity, Schwab and Vanguard. So far we’ve been fine will all of them. Only ever had problems with Wells Fargo, trying to get them to transfer the IRA of deceased relative. They wanted to give it to state of CA! :-( We like that Schwab has bricks and mortar office in Honolulu and w...
by HIinvestor
Mon Apr 16, 2018 6:25 pm
Forum: Personal Consumer Issues
Topic: Costco gas
Replies: 67
Views: 6185

Re: Costco gas

I buy Costco gas if I’m 1/2 tank or less and am in the area where there is a Costco that sells gas. We only buy maybe 2-3 tanks if gas per month between our two vehicles (don’t drive much), so it doesn’t bake sense to us to put a ton of effort into finding the least expensive source. I personally do...
by HIinvestor
Thu Apr 12, 2018 1:33 am
Forum: Personal Finance (Not Investing)
Topic: My PCP Won't See Me After Auto Accident - How to Handle With Insurance Company?
Replies: 39
Views: 4194

Re: My PCP Won't See Me After Auto Accident - How to Handle With Insurance Company?

The reason docs don’t want to treat injuries related to auto accidents is they don’t want to have to have their staff deal with producing medical records, possibly having to appear at depositions and generally disrupt their practice as well as not knowing if and when they will be paid. Paying up fro...
by HIinvestor
Wed Apr 11, 2018 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: My PCP Won't See Me After Auto Accident - How to Handle With Insurance Company?
Replies: 39
Views: 4194

Re: My PCP Won't See Me After Auto Accident - How to Handle With Insurance Company?

Call the hospital where you were treated and ask whom to be seen for follow up after the accident because your PCP won’t see you since it was related to auto accident. They should be able to direct you. If they won’t, ask your medical or auto insurer. Both may have suggestions.
by HIinvestor
Tue Apr 10, 2018 3:13 am
Forum: Personal Finance (Not Investing)
Topic: Parents have zero savings. What can I do?
Replies: 168
Views: 15880

Re: Parents have zero savings. What can I do?

Yikes! I’m so sorry to read about the many whose elders are financially irresponsible and don’t seem interested in improving the situation. It sounds very frustrating!

It would be lovely to read some good and effective solutions which have worked.
by HIinvestor
Mon Apr 09, 2018 4:23 am
Forum: Personal Finance (Not Investing)
Topic: Job search advice for a soon-to-be engineering grad...
Replies: 41
Views: 2115

Re: Job search advice for a soon-to-be engineering grad...

If he’s interested, the Fed govt hires engineers too for a lot of jobs. Attending engineering career fairs was something our S always made a point of doing (the Fed govt recruited there and online). He also worked with the engineering career counseling center. I’d suspect Vanderbilt has one too. He ...
by HIinvestor
Sun Apr 08, 2018 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 12230

Re: What age is the best to give a child control of an inheritance?

My S and nephew-IL both got most of the Boglehead concepts with no coaching from me. S is an engineer and NIL is a MD. My MD niece leaves it all to NIL. My other nieces also leave finances to their respective Hs. I think it’s pretty clear by 30 or so whether folks can handle finances responsibly. Of...
by HIinvestor
Sun Apr 08, 2018 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 14116

Re: Ivy school education. Is it worth it?

This is the old “big fish in a small pond” or “ordinary fish in bigger pond” argument. In schools where there is a lot more “talent,” you will likely have to do more to stand out than in a school where you are one of the top students who were admitted. If you want to do research or get a job in your...
by HIinvestor
Sat Apr 07, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Engineering: Quality of school vs. specialized niche degree
Replies: 52
Views: 3661

Re: Engineering: Quality of school vs. specialized niche degree

Our S majored in EE. He has had attractive options, including job offers to be nuclear engineer, and is currently working for the fed govt doing robotics, wearable tech, project management and flying drones, among other duties. The EE degree gives him a pretty big range of options and he’s happy. He...
by HIinvestor
Thu Apr 05, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: How to find a quality Estate Planning Attorney?
Replies: 13
Views: 1229

Re: How to find a quality Estate Planning Attorney?

Our bank recommended some estate attorneys. We also asked a relative who is counsel for a bank. The relative mentioned a nice guy who specializes in estates who is in his early 40s. We have been very happy with him. He’s been available to answer our questions as they pop up and has come to our home ...
by HIinvestor
Thu Apr 05, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Recommendations
Replies: 43
Views: 5162

Re: Credit Card Recommendations

We like USAA as our primary CC. It has no annual fee and 2% cash back if you have monthly direct deposit of at least $1000 into checking acct (we do a transfer from another checking acct). We also like Chase Sapphire Preferred for car rental insurance and travel insurance. It gives points that D red...
by HIinvestor
Wed Apr 04, 2018 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: [Wells Fargo Visa 3% Foreign Exchange fee]
Replies: 58
Views: 3048

Re: WF Visa 3% FX fee

The Costco Citibank visa has no forex fee and no annual fee.
by HIinvestor
Tue Apr 03, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Second Marriage & Beneficiaries Conundrum
Replies: 50
Views: 4673

Re: Second Marriage & Beneficiaries Conundrum

One other question to consider—are you sure there will be sufficient assets for the survivor to live comfortably after the kids of 1st to die take their inheritances? What happens if the survivor runs out of assets? (Of course if there are huge assets, this may never happen, but care later in life c...
by HIinvestor
Tue Apr 03, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Saving For Retirement as a Millennial
Replies: 28
Views: 2788

Re: Saving For Retirement as a Millennial

Our S is 30. So far, he has resisted the urges to buy a nice new car as he drove one used car and now a 2nd used car until they stop working. Both cars were/are “hand me downs,” but very reliable vehicles. Like you he has prioritized savings and has built up an emergency and retirement fund. Unlike ...
by HIinvestor
Sun Apr 01, 2018 4:32 am
Forum: Personal Finance (Not Investing)
Topic: Should I loan my child money for college?
Replies: 73
Views: 5691

Re: Should I loan my child money for college?

One of our kids did start her post HS Education by taking 3 semesters of CC before transferring into an excellent private U. Her CC was very inexpensive and all but 1 class transferred. Her CC prepared her well for the competitive college she transferred to.
by HIinvestor
Sat Mar 31, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Federal survivor benefit decision help needed
Replies: 19
Views: 1789

Re: Federal survivor benefit decision help needed

My H opted for the max survivor benefit for me and I am grateful. It reduced our monthly pension payout by 10% but I could survive H by many years, especially since he’s many years older than I and my parents are still alive in their 80s/90s. The amount we would have saved by buying a life term insu...
by HIinvestor
Sat Mar 31, 2018 9:05 pm
Forum: Investing - Theory, News & General
Topic: Got a Question for the Experts Panel at the Bogleheads Conference?
Replies: 25
Views: 6679

Re: Got a Question for the Experts Panel at the Bogleheads Conference?

Any suggestions on how to have low cost, broad index fund investing while not having investments in particular industries such as tobacco, weapons, guns, alcohol?
by HIinvestor
Sat Mar 31, 2018 4:37 am
Forum: Personal Finance (Not Investing)
Topic: When did you know your kids would go to college?
Replies: 91
Views: 4539

Re: When did you know your kids would go to college?

We had always expected our kids would attend college and D didn’t know that not ALL people attended and graduated college until she was a teenager and heard some of her public school peers talk about what to do after graduating from HS. (To be fair, my parents have advanced degrees, as do I and most...
by HIinvestor
Sat Mar 31, 2018 4:06 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 626
Views: 69495

Re: Picking College and College Scholarships

OP congrats and best wishes to your son. Sounds like he has some nice options. One thing our S thought about when he was a HS SR and thought he wanted engineering but wasn’t SURE, since he really had not much to base it on other than enjoying and doing well in math, physics, problem solving and comp...
by HIinvestor
Thu Mar 29, 2018 9:11 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 9834

Re: What is the endgame for Millennials?

We have 2 millenials. One has been employed full-time since before graduating from college. He earns 2x his salary at his part-time online job but keeps the full-time job for security and benefits. His net worth is way higher than H or I had at his age with a significant emergency fund of several mo...
by HIinvestor
Wed Mar 28, 2018 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Should we save for our son's college?
Replies: 96
Views: 8824

Re: Should we save for our son's college?

We saved for our kids’ college and our income was a small fraction of yours. We were glad we did because it allowed both our kids to consider many more Us than we would’ve been able to if we had no savings. We saved enough so both kids could have 4 years at our in-state public, living in the dorm by...
by HIinvestor
Wed Mar 28, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Cosign college loan for sibling?
Replies: 87
Views: 4182

Re: Cosign college loan for sibling?

Law schools are 3 years and many starting attorneys are NOT making 6 figures, if they can even get hired as attorneys. There is a reason the bank won’t loan to your brother or your dad—they don’t have the apparent ability to repay the loans.
by HIinvestor
Wed Mar 28, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Cosign college loan for sibling?
Replies: 87
Views: 4182

Re: Cosign college loan for sibling?

H and I would NOT co-sign any loans for any of my siblings and my parents would not ask me. That said, I’d find out what the balance remaining on your educational loans is and immediately repay your dad, even in you need a home equity loan. If you know what the total amount borrowed on your behalf w...
by HIinvestor
Wed Mar 28, 2018 4:22 am
Forum: Investing - Theory, News & General
Topic: Retirees: Do you spend all your "income"?
Replies: 46
Views: 4512

Re: Retirees: Do you spend all your "income"?

What about rental income? Is this part of income? What are RMDs from 403 and IRAs? Not sure what % we spend of H’s pension and RMD from his 403. We don’t spend our rental income nor our IRA RMDs, so far. H retired 5 years ago. Our nest egg continues to grow, tho we gift generously to our young adult...
by HIinvestor
Tue Mar 27, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 7037

Re: Grass is always greener, federal edition

H was a lifetime federal employee (45 years). We had decades of lean years but he mostly had a nice work-life balance. He finally retired and gets a nice pension and RMDs from TSP plus the fed govt pays the bulk of our medical insurance premiums. It was such a good model that S has opted to work for...
by HIinvestor
Mon Mar 26, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How does your retirement spending compare to pre-retirement spending?
Replies: 48
Views: 6813

Re: Retirees: How does your retirement spending compare to pre-retirement spending?

Our income went up a lot in retirement, so we spend more than we did when we had little to no disposable income. Our fixed expenses also went down significantly, since we finished paying off our mortgage and all our kids’ ed expenses. We spend much more than we used to on dining out and travel, as w...
by HIinvestor
Sat Mar 24, 2018 3:45 am
Forum: Personal Finance (Not Investing)
Topic: changing my signature when signing checks and credit card receipts
Replies: 47
Views: 3511

Re: changing my signature when signing checks and credit card receipts

I have noticed that banks are more particular that your signature matches what they have on file when it’s on a larger check (4 figures or more). They don’t tend to bother much with the smaller checks.
by HIinvestor
Wed Mar 21, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Home equity as part of retirement plan
Replies: 59
Views: 4027

Re: Home equity as part of retirement plan

Be aware that for some communities, the sale of your primary residence and purchase into a SR living community are not an exchange, allowing you to exclude the first $500K in long term capital gain from your proceeds. That is the case for my folks who had to buy into their SR living community. They ...