Search found 341 matches

by RetiredAL
Wed May 15, 2019 12:40 pm
Forum: Personal Investments
Topic: Account For Nieces
Replies: 22
Views: 1330

Re: Account For Nieces

So let me take the opposite side, advocating for a UTMA. Drop a modest amount in one. Wait 10 years. Show your niece the balance and growth when she is 15, a few years before she gets full control. See how she reacts, guide her questions, give het a long leash. Make it a leaning experience. Could w...
by RetiredAL
Wed May 15, 2019 12:02 am
Forum: Personal Consumer Issues
Topic: Regulate Office Temperature
Replies: 31
Views: 2308

Re: Regulate Office Temperature

Several people are out thinking themselves. Apply KISS principles. Someplace there is a temp sensor on a wall or support pillar. It may be a non-display remote sensor type and most certainly will be connected to a managed multi-zone controller. Put a table or bookcase under that sensor. On it, place...
by RetiredAL
Tue May 14, 2019 2:53 pm
Forum: Personal Investments
Topic: Account For Nieces
Replies: 22
Views: 1330

Re: Account For Nieces

There is very little tax benefit now to UTMA accounts, while gift tax has effectively been eliminated. If you do not want to earmark the funds for college, I would just save in a brokerage account. That gives you maximum control and flexibility. Then when they are determined to be ready and respons...
by RetiredAL
Tue May 14, 2019 12:49 pm
Forum: Personal Consumer Issues
Topic: Heating with propane?? Good idea?
Replies: 38
Views: 2073

Re: Heating with propane?? Good idea?

Massachusetts has a good guide describing the cost differences of different heating fuels. https://www.mass.gov/info-details/household-heating-costs You are lucky that energy is so much cheaper where you are! I strongly dislike their methodology. It's VERY misleading. The electric model used 11 mil...
by RetiredAL
Tue May 14, 2019 11:30 am
Forum: Personal Consumer Issues
Topic: PSA: Do you have working carbon monoxide detectors?
Replies: 44
Views: 2464

Re: PSA: Do you have working carbon monoxide detectors?

I strongly recommend buying a CO unit that talks. This is to avoid confusing it with a smoke alarm. People have become accustomed to looking for smoke when smoke alarm triggers. No smoke, or smoke from a known source, does not trigger a flight response. CO is invisible and odorless, and is likely to...
by RetiredAL
Sat May 11, 2019 10:45 pm
Forum: Investing - Theory, News & General
Topic: Is my friend a closet market timer?
Replies: 16
Views: 1754

Re: Is my friend a closet market timer?

What percentage of his is play money? Lots of people here have a small percentage of "mad money" they play around with, that does not mean they are not a Boglehead. Full disclosure: A small % of my portfolio is in stocks and active funds. My mantra for the last 20 years has been: Why would one ever ...
by RetiredAL
Mon May 06, 2019 3:15 pm
Forum: Personal Investments
Topic: Inherited IRA - Sell the winners or Sell the Losers?
Replies: 3
Views: 355

Re: Inherited IRA - Sell the winners or Sell the Losers?

I am in a similar position and here's what I'm doing. My elderly Dad's IRA was 100% in stocks when we took it from Active Managed to self managed. We have had control of the account for a little over 60 days now. I manage all of his finances. Several weeks ago as the initial step , I sold all the st...
by RetiredAL
Sat May 04, 2019 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Nursing Home Cost and Planning ?
Replies: 14
Views: 1177

Re: Nursing Home Cost and Planning ?

Good to hear your story, thanks for sharing. Do you know if Medicare will cover some of Assisted Living should LTC policy max is met ? Just going thru this with my Dad. Location: Central Valley area of Calif, near but not in SF Bay Area. At home: 24x7 assistance would have been $20K a month.We trie...
by RetiredAL
Sat May 04, 2019 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Nursing Home Cost and Planning ?
Replies: 14
Views: 1177

Re: Nursing Home Cost and Planning ?

Just going thru this with my Dad. Location: Central Valley area of Calif, near but not in SF Bay Area. At home: 24x7 assistance would have been $20K a month.We tried just 15hrs x 7, but that forced me to be their every night. Nursing Home: $330/day double, $370/day single. 2 stints there, medicare h...
by RetiredAL
Tue Apr 30, 2019 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Letter 5071C (ID verify)
Replies: 7
Views: 1265

Re: IRS Letter 5071C (ID verify)

If I ever get flagged, I'm likely screwed because the two bigger Credit Bureau's can't identify me to my address. You see, I'm the Trustee for my Dad's Trust, which holds two homes in towns different than mine. Add that I'm the joint owner of his bank and all credit card accounts, which reference hi...
by RetiredAL
Tue Apr 30, 2019 1:46 pm
Forum: Personal Investments
Topic: Kids Gift Money in a Vanguard Target Retirement Fund
Replies: 30
Views: 1429

Re: Kids Gift Money in a Vanguard Target Retirement Fund

Hey everyone. I'm working on a method of investing money gifted to my kids at birth, holidays and birthdays. My kids are currently age newborn, 1-1/2, and 3-1/2. Since it will be a while till they need gift money and we are able to feed and cloth them without taking it, I've been considering option...
by RetiredAL
Fri Apr 26, 2019 7:04 pm
Forum: Personal Investments
Topic: The "joy" of owning individual stocks
Replies: 25
Views: 3696

Re: The "joy" of owning individual stocks

Wow, my 3M did not do well yesterday and now Intel today. I inherited them (a modest amount), and stuck with them since 2006, but I am more and more enamored of total stock/bond market ownership and simple portfolios plus a good investor policy statement as a guide. (technically they have been good...
by RetiredAL
Mon Apr 22, 2019 5:01 pm
Forum: Personal Consumer Issues
Topic: Help with laptop speakers not working - Dell Latitude Windows 10
Replies: 24
Views: 897

Re: Help with laptop speakers not working - Dell Latitude Windows 10

Certain older Dells used a funky hardware detection for the external audio jack and they were known fail and kill the internal speakers. To fix, you needed a motherboard replacement. I had a Dell 620 with this issue. I bought an external micro speaker to get around the failure. Snoop the internet to...
by RetiredAL
Mon Apr 22, 2019 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Assisted living and nursing home expenses
Replies: 27
Views: 1898

Re: Assisted living and nursing home expenses

I just started my Dad in assisted living in Central California 2 weeks ago. It's a non-profit. Base is $4500, with additional care ad-on its $5600. Dad did not want to move nearer to me, so I'm 90 minutes away. I see pluses and minuses to that distance. In-home 24 hr care would have run $18,000 per ...
by RetiredAL
Sat Apr 20, 2019 11:14 pm
Forum: Personal Investments
Topic: Vanguard or Schwab for Retiree and Power of Attorney
Replies: 38
Views: 1617

Re: Vanguard or Schwab for Retiree and Power of Attorney

This thread has been very informative to me about the standard Schwab POA form NOT being durable. That is of high concern to me. My Dad's IRA which I manage along with Roth's for both DW and me are at Schwab. What I have found is that one needs to submit their own Durable POA and a Schwab Attorney-i...
by RetiredAL
Sat Apr 20, 2019 3:28 pm
Forum: Personal Investments
Topic: Vanguard or Schwab for Retiree and Power of Attorney
Replies: 38
Views: 1617

Re: Vanguard or Schwab for Retiree and Power of Attorney

Two experience points: 1. Most of my IRA accounts are at Fidelity. Most of my DW accounts are at Schwab. We had no issues cross-filing POA's with either. 2. After 4 month's of battling with Wells Fargo over my POA access to my Dad's IRA, we moved his IRA to Schwab with zero POA issues. 1 day after p...
by RetiredAL
Sat Apr 20, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Best Credit Card for College Freshman
Replies: 50
Views: 2197

Re: Best Credit Card for College Freshman

When each of my three children turned 18, I opened joint Checking and Credit Card accounts with them. Two of them soon bought used cars and I co-signed those loans. Their loan rates were excellent. Actions like these gave them excellent credit. IMO, that was part of my parental responsibility of ge...
by RetiredAL
Sat Apr 20, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Best Credit Card for College Freshman
Replies: 50
Views: 2197

Re: Best Credit Card for College Freshman

When each of my three children turned 18, I opened joint Checking and Credit Card accounts with them. Two of them soon bought used cars and I co-signed those loans. Their loan rates were excellent. Actions like these gave them excellent credit. IMO, that was part of my parental responsibility of ge...
by RetiredAL
Fri Apr 19, 2019 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Best Credit Card for College Freshman
Replies: 50
Views: 2197

Re: Best Credit Card for College Freshman

When each of my three children turned 18, I opened joint Checking and Credit Card accounts with them. Two of them soon bought used cars and I co-signed those loans. Their loan rates were excellent. Actions like these gave them excellent credit. IMO, that was part of my parental responsibility of get...
by RetiredAL
Thu Apr 18, 2019 4:29 pm
Forum: Personal Consumer Issues
Topic: House with Permanent Wood Foundation - Would You Buy?
Replies: 13
Views: 1404

Re: House with Permanent Wood Foundation - Would You Buy?

My daughter lives in MT and one of the homes she owns has a log foundation. Its 100+ years old. The winters are so cold there are no termites. Her elevation is 5000 ft. The loan and insurance companies had no issue with the foundation. Frost heave can be damaging to concrete. Several years back, she...
by RetiredAL
Mon Apr 15, 2019 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: FreeTaxUSA website down
Replies: 16
Views: 1873

Re: FreeTaxUSA website down

Might be the support people are in India and they blew their no change blackout date time instruction. 2:30 EDT 4/15 = mid-night 4/16 India time. When my company started using Indian IT Services, this happened several times. The solution: we stateside people enlarged the blackout period sent to Indi...
by RetiredAL
Mon Apr 15, 2019 1:57 am
Forum: Investing - Theory, News & General
Topic: "Serious Money" book - Free download
Replies: 17
Views: 2554

Re: "Serious Money" book - Free download

We should be careful with our assumptions. Many in retirement chose part time work not necessarily for the income, but possibly for the camaraderie they miss from their careers. And they love the lack of stress often encountered in their career. Regardless of the reason, I can tell you this man des...
by RetiredAL
Sun Apr 14, 2019 4:44 pm
Forum: Investing - Theory, News & General
Topic: "Serious Money" book - Free download
Replies: 17
Views: 2554

Re: "Serious Money" book - Free download

"Those who do not save for retirement may find their Golden Years are spent flipping burgers at the Golden Arches." This last Friday night while returning from Stockton to San Jose, I stopped at he McD's just down the street from Lawrence Livermore Labs, and the person taking my order fit this comm...
by RetiredAL
Fri Mar 29, 2019 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement: What expenses did you reduce?
Replies: 63
Views: 4326

Re: Retirement: What expenses did you reduce?

Similar to what others saw and stated. I started with my working net take home $ , then matched our net SS and plus net of IRA withdrawals as the replacement inflow factoring in medicare supplemental insurance $ which was pretax before. No retirement pay, I took the lump sum and rolled that into a I...
by RetiredAL
Tue Mar 26, 2019 12:37 am
Forum: Personal Finance (Not Investing)
Topic: Long-term care insurance
Replies: 45
Views: 2391

Re: Long-term care insurance

... my decision has been around is it worth paying a little over $4k a year for $280k of potential benefit. I'm under the belief that newer policies have lots of caveats that seem to favor the insurer much more that the insured. As with any insurance, the odds have to favor the insurance company. B...
by RetiredAL
Mon Mar 25, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term care insurance
Replies: 45
Views: 2391

Re: Long-term care insurance

My 94 yr old Dad is now at the LTC point. He will be moving to Assisted Living in a week. He's had in-house care for the past 6wks. For the past few years, he's complained about the LTC insurance cost, but I've had him continue it. He has had his policy for near 20 years . I figure he's paid in abo...
by RetiredAL
Sun Mar 24, 2019 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term care insurance
Replies: 45
Views: 2391

Re: Long-term care insurance

I will say that I have personally decided that LTCi is not something I need to buy. Are you willing to add more context/info? We have enough assets that LTC, if necessary, will be affordable. What people often forget, it seems to me, is that LTC expenses are not entirely in addition to anticipated ...
by RetiredAL
Sun Mar 24, 2019 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term care insurance
Replies: 45
Views: 2391

Re: Long-term care insurance

My 94 yr old Dad is now at the LTC point. He will be moving to Assisted Living in a week. He's had in-house care for the past 6wks. For the past few years, he's complained about the LTC insurance cost, but I've had him continue it. He has had his policy for near 20 years. I figure he's paid in about...
by RetiredAL
Thu Mar 21, 2019 1:39 pm
Forum: Personal Consumer Issues
Topic: Computer security
Replies: 52
Views: 3721

Re: Computer security

Apparently I was wrong, not everyone knows how to store passwords. Facebook revealed on Thursday it didn't properly mask the passwords of hundreds of millions of its users and stored them in an internal database that could be accessed by its staff. Keeping passwords hashed, or encrypted, is widely ...
by RetiredAL
Fri Mar 15, 2019 11:47 pm
Forum: Personal Investments
Topic: TaxAct entering consolidated 1099-B
Replies: 10
Views: 995

Re: TaxAct entering consolidated 1099-B

Today I finalized, printed, and submitted my taxes via TaxAct. In taxable, I had a single sell of SWPPX with multiple buys. The TaxAct 1099-B questionnaire requested separate entries, however it accepted a single summary entry for "Box E" using various for the acquired date and the real sell date. T...
by RetiredAL
Wed Mar 13, 2019 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: How many companies have you worked for?
Replies: 125
Views: 7110

Re: How many companies have you worked for?

Post college, I worked for the same company same location for 42 years before retiring. I performed 6 different job functions during those 42 years.
by RetiredAL
Tue Mar 12, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Two-Factor ID for my Bank
Replies: 24
Views: 1508

Re: Two-Factor ID for my Bank

I share to OP's concern, but I'm not paranoid about. I am currently at my elderly Dad's giving care support and using by laptop. I also use this laptop when traveling. I consider a laptop more vulnerable because it of its grab and run potential, compared to my desktop at home. Win10 logon security s...
by RetiredAL
Wed Feb 27, 2019 1:28 pm
Forum: Personal Investments
Topic: Is it possible to set up automatic montly security sales in a Fidelity account?
Replies: 8
Views: 492

Re: Is it possible to set up automatic montly security sales in a Fidelity account?

OP, I only use this for my Retirement Accounts, but it does list my Brokerage Account, so I assume it works the same for it. When logged into Fidelity: https://moneymovement.fidelity.com/ftgw/fbc/mm/awSummary I have this function set up on my Retirement IRA's. When you create a plan, they tell you w...
by RetiredAL
Fri Feb 22, 2019 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to finance car purchase for teen
Replies: 60
Views: 2889

Re: How to finance car purchase for teen

I plan to buy a cheap, bottom-of-the-line, no-frill but new car for my teenager. Wandering by the dealership, the salesman mentioned that I should lease it because then I don't have to pay for any minor damage? I don't believe that... but he did also mention that if I financed it, and cosigned for ...
by RetiredAL
Fri Feb 22, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Amending California Tax Return to Reflect Revised Federal AGI
Replies: 8
Views: 525

Re: Amending California Tax Return to Reflect Revised Federal AGI

I'm not a tax pro, but.......

Sounds like that is an item that is listed as a subtraction in the State Additions/Subtractions. If you Fed AGI goes up, the State will assume theirs went up too, unless it's ( in this case ) listed as a subtraction.
by RetiredAL
Fri Feb 22, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Power of attorney necessary?
Replies: 12
Views: 849

Re: Power of attorney necessary?

POA's, absolutely YES! And ahead of the need. And make sure you have proof the institution has accepted it. I've recently spent 90 days sparring with Wells Fargo Advisors over my Dad's POA that we thought was in place 6 years ago. His local advisor had accepted my instructions, yet when the Advisor...
by RetiredAL
Thu Feb 21, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Another t401k vs r401k scenario
Replies: 13
Views: 780

Re: Another t401k vs r401k scenario

This is basically another example of "Invented News" staged to grab sensationalism.

-- One can get any answer one wants when they sufficiently torture the data.
by RetiredAL
Sat Feb 16, 2019 7:19 pm
Forum: Personal Consumer Issues
Topic: send in driver's license photo for new Capital One credit card
Replies: 42
Views: 4223

Re: send in driver's license photo for new Capital One credit card

If it meant as a fraud protection device, I'm not sure it would be justified/effective unless they plan to put your ID picture on the card. Yikes! I hope no one would recognize me from my driver's license photo. Especially a low quality copy of the picture. I'm not sure they still do it, but for a ...
by RetiredAL
Sat Feb 16, 2019 2:42 pm
Forum: Personal Consumer Issues
Topic: Techies provide me best practices
Replies: 21
Views: 1979

Re: Techies provide me best practices

The biggest improvement you can make is to use unique passwords on any site that you care about or has important personal information on. If you want to use the same password for your ESPN account and your Yelp account, probably not that big a deal (although I wouldn’t even do that). But don’t use ...
by RetiredAL
Sat Feb 16, 2019 2:12 pm
Forum: Personal Consumer Issues
Topic: Rental Car Company Preferences
Replies: 26
Views: 1741

Re: Rental Car Company Preferences

I usually use Avis, occasionally Hertz, mostly based on price at that location. I usually reserve way out, then check prices at 10-12 days before rental. If lower, I do a change this reservation locking in the lower price. Often, I get around another 20-25% off. I assume that at 6wks out it's list p...
by RetiredAL
Sat Feb 16, 2019 12:06 am
Forum: Investing - Theory, News & General
Topic: Did you get spooked by the December 2018 fall and gave up on passive?
Replies: 133
Views: 8146

Re: Did you get spooked by the December 2018 fall and gave up on passive?

My dad's Trust Account, to which I am the trustee, was removed from an Advisor Mgmt in October. I took advantage of the Dec drop to sell everything while booking only a $1500 Cap Gain instead of $20,000 if there had been no December Dip. I then bought index funds. I did this to get away from all the...
by RetiredAL
Tue Feb 12, 2019 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Recent SS Restricted Spousal Applicants - Did you get new Medicare Card?
Replies: 4
Views: 412

Re: Recent SS Restricted Spousal Applicants - Did you get new Medicare Card?

Based on my experience, that change is standard procedure. I am a year older than me wife. When I retired at 66, we both went on Medicare. She did not file for SS that year and her Medicare number was based on her SS Nbr. A year later when she filed for spousal SS, she was issued a new Medicare numb...
by RetiredAL
Mon Feb 11, 2019 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 32651

Re: Smaller tax refunds this year? Clear explanation please

I have not yet done the taxes, so I can't yet talk the actual tax $ amount. Besides mine, I am responsible for getting my Dad's done. I will talk about the the withholding change experience for my Dad, who is a retired Navy Officer. Last year, his Fed tax due at filing was about $1200. 2017 was a go...
by RetiredAL
Sun Feb 10, 2019 10:27 pm
Forum: Personal Consumer Issues
Topic: On demand electric water heater
Replies: 34
Views: 2049

Re: On demand electric water heater

"Any specific problems/issues?" Before you do anything, understand how much power is required. Get qualified help. 2.5 gpm @ 60 degrees rise will take approx 22KW, which is 92 amps. Can your service panel handle this additional amp load? To compare, your existing heater is likely 4500 watts, which i...
by RetiredAL
Sun Feb 10, 2019 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Did you investigate your partner's financial background before committing?
Replies: 99
Views: 5903

Re: Did you investigate your partner's financial background before committing?

No investigation. We were college students scraping by who both worked part time while in college supporting ourselves. We knew neither had any significant debt and that our families were not well-to-do. We were a pair for 2 years before our marriage. That was 45 years ago and we are still married. ...
by RetiredAL
Sat Feb 09, 2019 12:56 am
Forum: Personal Investments
Topic: question on an inherited IRA
Replies: 24
Views: 1484

Re: question on an inherited IRA

Agreed. I wish we had just added a beneficiary to the IRA. My mother wasn't the best at taking care of those things after my father passed away 20 years before. As my understanding of the importance of this improved, I've improved my the paper trail. Thank you to the many BH'ers who gave me the see...
by RetiredAL
Fri Feb 08, 2019 5:00 pm
Forum: Personal Investments
Topic: question on an inherited IRA
Replies: 24
Views: 1484

Re: question on an inherited IRA

Would it be possible for the executor to transfer the IRA to another brokerage and work with the new brokerage? Yes, we have thought about transferring to Schwab. My sister is executor and is busy and frustrated about how much time has already been spent on this so that is part of the question. How...
by RetiredAL
Mon Feb 04, 2019 1:17 am
Forum: Investing - Theory, News & General
Topic: converting minor's account at age 21 - what's your customer-service experience?
Replies: 12
Views: 933

Re: converting minor's account at age 21 - what's your customer-service experience?

My three kids had UTMA's at Schwab. The switching from custodian to them was basically a form that asks the standard name-rank-serialnbr questions like you see on any account application. Since one of them was early, I had to sign that form releasing the account to them. The other two did it themsel...
by RetiredAL
Sat Feb 02, 2019 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Is roth conversion worth it in all cases?
Replies: 64
Views: 5154

Re: Is roth conversion worth it in all cases?

I think I need to do a lot of complicated math to determine whether or not Roth conversions between retiring and starting SS is of benefit to me. Am I missing something in my thought process? :confused OP, do remember that at some point of time, your tax status will change to "Single" which has muc...
by RetiredAL
Fri Feb 01, 2019 8:05 pm
Forum: Personal Consumer Issues
Topic: Value of old computer magazines?
Replies: 24
Views: 2269

Re: Value of old computer magazines?

Aah the days when 4 meg was a lot of RAM and a 386 DX was a good processor... How about a Southwest Technical Products 6800. Circa late 70's. It had 4K of ram memory, used 3.5K to load Basic from cassette tape, leaving 500 bytes for your program. The machine's very simple OS was in ROM. Later I upg...