Search found 8075 matches

by cheese_breath
Sat Dec 03, 2011 2:50 pm
Forum: Investing - Theory, News & General
Topic: thinking ahead on RMD"S
Replies: 12
Views: 1171

Re: thinking ahead on RMD"S

I have a question. I am going to assume we are talking about taking RMD's at 70.5 and not earlier. At what point will you spend instead of save? Do you save / invest this money because you want to leave it to heirs or are you worried about needing the money later on? What about putting your dividen...
by cheese_breath
Sat Dec 03, 2011 1:51 pm
Forum: Investing - Theory, News & General
Topic: thinking ahead on RMD"S
Replies: 12
Views: 1171

Re: thinking ahead on RMD"S

I've been doing Roth conversions ever since they became available, always being careful to not go over the 15% tax bracket. I've finally got my traditional IRAs down to where the RMDs don't move me into a higher bracket either. Started taking them this year. What I don't spend goes into a taxable Va...
by cheese_breath
Sat Dec 03, 2011 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Do you have a financial adviser?
Replies: 40
Views: 4078

Re: Do you have a financial adviser?

My financial adviser is licensed as a "Wife". She advises me on where we should spend our money. Anyone using of advisers of this type is aware that they come with very high fees.
by cheese_breath
Sat Dec 03, 2011 10:16 am
Forum: Investing - Theory, News & General
Topic: thinking ahead on RMD"S
Replies: 12
Views: 1171

Re: thinking ahead on RMD"S

Depending on who your IRA is with you can choose to either have them take the RMD from a specific fund or prorate it across the funds in the IRA. But I don't really understand why you are concerned about this. To me the more important thing is to determine how you want your investments allocated. If...
by cheese_breath
Fri Dec 02, 2011 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Does a 27 year old need to be cut off?
Replies: 72
Views: 7206

Re: Does a 27 year old need to be cut off?

Hi Jay69, All of the issues you relate, however, are part and parcel of being a Power of Attorney. If it is you, you have the responsibility to act in a fiduciary manner to ensure that your MIL receives the care she needs and that her fiscal house remains in good order per her asset base. It doesn'...
by cheese_breath
Fri Dec 02, 2011 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Does a 27 year old need to be cut off?
Replies: 72
Views: 7206

Re: Does a 27 year old need to be cut off?

Do I understand correctly that finances aren't the problem? MIL can afford to take care of the daughter without impoverishing herself? So the real issue here seems to be isn't it time for the 27 year old to grow up? My answer is YES. I don't think you can just cut her off tomorrow and throw her out ...
by cheese_breath
Fri Dec 02, 2011 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Cheapest Life insurance for 70 year old?
Replies: 8
Views: 3831

Re: Cheapest Life insurance for 70 year old?

All depends on his health. A guaranteed universal life policy will have the lowest cost for a permanent death benefit. Example rates for 70 year old male @ $275k with premiums guaranteed for life: Just make sure that's written in the policy. Many insurance salesmen will tell you the premium is guar...
by cheese_breath
Fri Dec 02, 2011 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Cheapest Life insurance for 70 year old?
Replies: 8
Views: 3831

Re: Cheapest Life insurance for 70 year old?

If he is an AAA member have him get a quote from them. I got a $100,000 ten year term policy from them in 2007, when I was age 66, for $745 per year. Obviously a longer term beginning at age 70 would cost more, but at least in 2007 their prices seemed pretty good. The price would also be influenced ...
by cheese_breath
Thu Dec 01, 2011 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: which Turbo Tax version?
Replies: 15
Views: 1146

Re: which Turbo Tax version?

Go to http://www.turbotax.intuit.com then scroll down the left side to "Choosing Tax Preparation Software" and click on "Help me choose" and "Compare products". I think the general consensus on the forum is that most people can get by with the simplest one, even if TurboTax wants to steer you to so...
by cheese_breath
Tue Nov 29, 2011 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: What is the downside to buying your first home?
Replies: 35
Views: 2870

Re: What is the downside to buying your first home?

steadyeddy wrote:This is one of those threads I read and think, "Only the Bogleheads!"
You're right steady. I'll get off my soap box for awhile.
by cheese_breath
Tue Nov 29, 2011 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: What is the downside to buying your first home?
Replies: 35
Views: 2870

Re: What is the downside to buying your first home?

But what about the downside to the creditors? Investors stuck with mortgage backed securities? Tax payers stuck with government backed securities? Nobody seems to care about them. Investors, you included, are invested in companies that "walk away" from mortgages all the time. And, believe me, you t...
by cheese_breath
Tue Nov 29, 2011 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: What is the downside to buying your first home?
Replies: 35
Views: 2870

Re: What is the downside to buying your first home?

But what about the downside to the creditors? Investors stuck with mortgage backed securities? Tax payers stuck with government backed securities? Nobody seems to care about them. Investors, you included, are invested in companies that "walk away" from mortgages all the time. And, believe me, you t...
by cheese_breath
Tue Nov 29, 2011 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: What is the downside to buying your first home?
Replies: 35
Views: 2870

Re: What is the downside to buying your first home?

.... if you are imputing that immorality onto me just because I laid out an immoral option as something to consider in a risk/ benefit analysis. Again nowhere do I say this is my plan or that I have that in my line of thought..... Whether this applies to anyone on this board or not, it does bring u...
by cheese_breath
Tue Nov 29, 2011 11:13 am
Forum: Personal Finance (Not Investing)
Topic: What is the downside to buying your first home?
Replies: 35
Views: 2870

Re: What is the downside to buying your first home?

Is that 3.5% down is one of those "prop up the sinking housing market" initiatives? That would go a ways toward mitigating the downside. And trashing your credit rating doesn't seem to be that big a deal anymore. We know some people who let their house go back to the lender and declared bankruptcy l...
by cheese_breath
Tue Nov 29, 2011 10:50 am
Forum: Investing - Help with Personal Investments
Topic: AT&T
Replies: 10
Views: 1318

Re: AT&T

I don't buy individual stocks.
by cheese_breath
Tue Nov 29, 2011 9:22 am
Forum: Personal Finance (Not Investing)
Topic: budget 101
Replies: 20
Views: 2596

Re: budget 101

Jim has calculated that he should be able to reach his financial goals by putting away 25% of his income. For added cushion, he puts away 30%. He spends the rest of his money. He doesn't need a budget because it simply doesn't matter how he is spending his money. The act of limiting how much a pers...
by cheese_breath
Tue Nov 29, 2011 8:44 am
Forum: Personal Finance (Not Investing)
Topic: budget 101
Replies: 20
Views: 2596

Re: budget 101

I used a hardcopy journal ledger for over 30 years, and it provided all the benefits dailybagel describes. After I got my first computer I moved it into an Excel spreadsheet in basically the same form as the hardcopy journal. This has evolved into a spreadsheet 'system' similar to the one described ...
by cheese_breath
Mon Nov 28, 2011 1:28 pm
Forum: Personal Consumer Issues
Topic: Redshirting school age children
Replies: 113
Views: 6401

Re: Redshirting school age children

Someone who bases his redshirting decision on what it costs to have his child home one more year probably shouldn't have children. And someone who bases his decision to send his child to private school on what it costs probably shouldn't have children. Costs don't matter when it comes to your child...
by cheese_breath
Mon Nov 28, 2011 11:14 am
Forum: Personal Consumer Issues
Topic: Redshirting school age children
Replies: 113
Views: 6401

Re: Redshirting school age children

Don't forget the cost of feeding the child for an extra year. Instead of having your 18 year-old off at college, he will be home eating you out of house and home. This is a financial website: let's have more discussion about the financial aspects of redshirting, not just this "good for the child" d...
by cheese_breath
Mon Nov 28, 2011 10:16 am
Forum: Personal Consumer Issues
Topic: Redshirting school age children
Replies: 113
Views: 6401

Re: Redshirting school age children

When I was little we lived in a small town with a single K-12 school without a semester system. All new students entered kindergarten in September. I was born in January so my parents had the option of enrolling me at age 4 (four months before my fifth birthday) or age 5 (8 months after my fifth bir...
by cheese_breath
Sat Nov 26, 2011 8:31 pm
Forum: Forum Issues and Administration
Topic: Private Messages
Replies: 12
Views: 1423

Re: Private Messages

livesoft and sscritic. Thanks. That answers my question.
by cheese_breath
Sat Nov 26, 2011 6:58 pm
Forum: Forum Issues and Administration
Topic: Private Messages
Replies: 12
Views: 1423

Private Messages

Early this morning I submitted a response to a private message I received from another board member a couple days ago. It's been about 8 hours and my message is still sitting in the outbox unsent. A few minutes ago I created a new message to the same user, and it is sitting in the outbox unsent too....
by cheese_breath
Wed Nov 23, 2011 4:30 pm
Forum: Personal Consumer Issues
Topic: Proud Momma 2 Eagle Scouts!
Replies: 45
Views: 2093

Re: Proud Momma 2 Eagle Scouts!

Wow! I never imagined my simple comment about the Boy Scouts would cause such controversy. Magicmom, I apologize for any discomfort it may have caused you on this day when you celebrate your two sons' accomplishments.
by cheese_breath
Wed Nov 23, 2011 9:58 am
Forum: Personal Consumer Issues
Topic: Proud Momma 2 Eagle Scouts!
Replies: 45
Views: 2093

Re: Proud Momma 2 Eagle Scouts!

Congrats. Two great sons in a great organization.
by cheese_breath
Wed Nov 23, 2011 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Medical Insurance, Pre-Existing Conditions and Career Change
Replies: 22
Views: 1742

Re: Medical Insurance, Pre-Existing Conditions and Career Ch

The HIPPA act of 1996 provides certain guarantees for people with preexisting conditions concerning portability of health coverage. http://www.dol.gov/ebsa/faqs/faq_consumer_hipaa.html#CertificatesOfCreditableCoverage If you were enrolled in your employer's health plan they should give you a Certifi...
by cheese_breath
Wed Nov 23, 2011 12:05 am
Forum: Personal Consumer Issues
Topic: Do you miss the 90's
Replies: 49
Views: 3652

Re: Do you miss the 90's

To me the middle 50s to middle 60s were the best of times.... Advent of rock & roll, high school, driver's license, first car, hanging out past midnight, developing hormones, drag races, college with only a few non-violent type hippies, first marriage in '64, first child in '65, vibrant cities, open...
by cheese_breath
Tue Nov 22, 2011 11:46 pm
Forum: Personal Consumer Issues
Topic: November 22nd
Replies: 13
Views: 1188

Re: November 22nd

I was a senior in college. I was in my dorm room and turned the radio on while I was geting ready for my next class. That's when I heard it. I went ahead to class as did most of the other students, but the professor never showed up. It was a Friday afternoon, and many of the students went home for t...
by cheese_breath
Tue Nov 22, 2011 10:25 am
Forum: Personal Consumer Issues
Topic: Anyone actually use their convection oven?
Replies: 23
Views: 2899

Re: Anyone actually use their convection oven?

I was browsing through the manual for our new range last night and discovered it has an "auto recipe conversion" feature. Meaning when I'm using convection bake I can enter the normal baking temperature, and it will automatically convert it to the proper convection temp. So maybe I won't overcook th...
by cheese_breath
Tue Nov 22, 2011 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Investing SS benefits
Replies: 14
Views: 1263

Re: Investing SS benefits

What I don't understand is that people tout about waiting to take SS to get an additional 8% return, but will not concider an annuity that pays 8% for waiting. Same thing, and I don't know for sure, but I bet our government invests our SS in these same annuities. We could only wish. That portion of...
by cheese_breath
Mon Nov 21, 2011 11:53 pm
Forum: Investing - Help with Personal Investments
Topic: Automatic 401(k) opt-in, any downsides?
Replies: 45
Views: 2746

Re: Automatic 401(k) opt-in, any downsides?

Overall, in regard to policy, I think it is good to have automatic opt-in. No harm done. For the most part I agree with this... except in those cases where the company's plan is really, really bad. Unfortunately too many working folks don't know enough to determine if the plan is good or bad. I kno...
by cheese_breath
Mon Nov 21, 2011 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Age difference between my wife and me
Replies: 8
Views: 1786

Re: Age difference between my wife and I

Will you need it all when she turns 59 1/2? If you roll any of these over to IRAs there will be RMD requirements. If it's all in your wife's name you will have to take larger RMDs sooner. On the other hand I imagine the 401k, 403B and 457 plans also make you do something around age 70. Like maybe co...
by cheese_breath
Mon Nov 21, 2011 7:06 pm
Forum: Personal Consumer Issues
Topic: Getting a car deposit back from the dealer
Replies: 16
Views: 4837

Re: Getting a car deposit back from the dealer

I think there is a big difference between a "deposit" and paying for a service (move the car). There appears to be "confusion" about this difference. I never heard of a "fee" or "deposit" to move a car from one dealer to another or from one dealer location to another. There are two possible types o...
by cheese_breath
Mon Nov 21, 2011 6:50 pm
Forum: Personal Consumer Issues
Topic: Getting a car deposit back from the dealer
Replies: 16
Views: 4837

Re: Getting a car deposit back from the dealer

One more example to prove the point, "Get it in writing." Verbal promises mean nothing. But then, when dealing with car salesmen written promises mean nothing either.
by cheese_breath
Mon Nov 21, 2011 6:45 pm
Forum: Personal Consumer Issues
Topic: New Roof?
Replies: 25
Views: 3304

Re: New Roof?

also, on the top, you need ridge cap shingles which are different and cost more money. A ridge cap is the preferred way to go. It provides much better ventilation than the old can vents... BUT if you are installing light colored shingles the gap between the roof and the ridge cap can appear as an u...
by cheese_breath
Mon Nov 21, 2011 10:02 am
Forum: Personal Consumer Issues
Topic: New Roof?
Replies: 25
Views: 3304

Re: New Roof?

This should go without saying, but I'm gonna say it anyway. Who you choose to install your shingles is just as important as the shingles themselves. Almost any clown can nail down shingles, but not every clown can do it right. Especially around the flashings. When we were looking every company we ch...
by cheese_breath
Mon Nov 21, 2011 9:36 am
Forum: Personal Consumer Issues
Topic: New Roof?
Replies: 25
Views: 3304

Re: New Roof?

It's been 9 years since we replaced our roof so my memory may be off a little. But I seem to remember GAF had a good reputation way back in 2002. We ended up with Owens Corning because my they were the only one with the EXACT color my wife wanted. So far they are holding up good.
by cheese_breath
Sun Nov 20, 2011 11:40 pm
Forum: Investing - Help with Personal Investments
Topic: RMD question
Replies: 5
Views: 606

Re: RMD question

Take it proportionally out of all funds. That way I don't have to worry about making sure I have enough in any particular fund to cover the RMD. Put what I need for living expenses into Ally Bank savings account. Invest rest into TSM mutual fund. Rebalance within IRAs to get back to my desired alloc...
by cheese_breath
Sun Nov 20, 2011 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Investing SS benefits
Replies: 14
Views: 1263

Re: Investing SS benefits

Disclaimer: I'm about 20 years out before even considering what to do. Say one has saved enough for retirement in all venues necessary to cover expenses, trips, spoiling grand kids, etc. by age 62 and the decision to kick back is made. We don't know what SS will be like in 20 years, but I'm willing...
by cheese_breath
Sun Nov 20, 2011 11:01 pm
Forum: Personal Consumer Issues
Topic: New Roof?
Replies: 25
Views: 3304

Re: New Roof?

Two things I would consider. 1) Does it still keep the water out? You already said it isn't leaking so that's not a problem. 2) Appearance. Does it look OK, or does it make your house look rundown? Yes, a roof should last more than 7 years. My current roof is 9 years old and still looks like new. Pr...
by cheese_breath
Sun Nov 20, 2011 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Preemptive RMD question
Replies: 7
Views: 962

Re: Preemptive RMD question

Here's a thought. If you're happy with your allocation, leave it as is for now. When you take your RMD invest it all into TSM taxable mutual fund. Have your wife convert the same amount of her TSM into the same funds you took your RMD from. Between the two of you your overall allocation will remain ...
by cheese_breath
Sun Nov 20, 2011 9:45 am
Forum: Personal Consumer Issues
Topic: A/C and furnace decisions
Replies: 18
Views: 4503

Re: A/C and furnace decisions

I'm not really interested in Goodman's history. I'm more concerned about today's Goodmans. (Past performance is no guarantee of future results). Today's Goodmans are just bottom line Amanas with a different name. My son-in-law bought a new house near Dallas 3 years ago with builder installed Amanas....
by cheese_breath
Sun Nov 20, 2011 9:06 am
Forum: Personal Consumer Issues
Topic: My House, Your Money
Replies: 8
Views: 1737

Re: My House, Your Money

Some parents don't have the guts to cut the purse strings and let little Johnny fend for himself, even if litle Johnny is 45 years old. It won't be long until the parents want to take a retirement cruise and little Johnny will be complaining about them spending his inheritance.
by cheese_breath
Sat Nov 19, 2011 11:02 pm
Forum: Personal Consumer Issues
Topic: An ethical (?) question [getting free newspapers]
Replies: 29
Views: 3182

Re: An ethical (?) question [getting free newspapers]

I doub't you have any legal obligation to say anything, but I do feel you have an ethical one. I would call them and tell them one time. If they keep delivering after that you have done your duty.
by cheese_breath
Sat Nov 19, 2011 10:41 pm
Forum: Personal Consumer Issues
Topic: A/C and furnace decisions
Replies: 18
Views: 4503

Re: A/C and furnace decisions

Well I had 2 more companies come out today. I feel much better today. Both companies told me that I should use the warranty and replace the compressor. One estimate was $1375. The other was a neighbor of my father. He said he could do it for $600-$700. I have 2 more companies coming out next week. ...
by cheese_breath
Sat Nov 19, 2011 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Would you take your SS, or wait
Replies: 63
Views: 6287

Re: Would you take your SS, or wait

I could have waited but took mine at age 62 and invested the entire amount each month. I'm glad I did. Took mine at 62 also. So did my wife. If we hadn't taken it when we did we would have had to withdraw more from our investments to live on. Figured it was better to leave as much invested as we co...
by cheese_breath
Fri Nov 18, 2011 6:53 pm
Forum: Personal Consumer Issues
Topic: Anyone actually use their convection oven?
Replies: 23
Views: 2899

Re: Anyone actually use their convection oven?

We just got a new oven with both convection and thermal options. Haven't used the convection feature yet but plan to this Thanksgiving when we need to cook lots of stuff at same time. Wish us luck.
by cheese_breath
Fri Nov 18, 2011 6:50 pm
Forum: Investing - Theory, News & General
Topic: Social Security-File and Suspend
Replies: 31
Views: 4868

Re: Social Security-File and Suspend

Almost:
You haven't remarried have you? You may not be able to collect off your ex-spouses record if you are remarried. Check link http://www.ssa.gov/retire2/divspouse.htm for relevent information on collecting SS based on ex-spouse's record.
by cheese_breath
Fri Nov 18, 2011 11:50 am
Forum: Personal Consumer Issues
Topic: Mouthwash
Replies: 37
Views: 3306

Re: Mouthwash

I use mouthwash primarily as a breath freshener. Do you guys who use salt water have any recommeendations for an alternate breath freshener?
by cheese_breath
Thu Nov 17, 2011 7:35 pm
Forum: Personal Consumer Issues
Topic: Another snafu in signing up for medigap
Replies: 4
Views: 448

Re: Another snafu in signing up for medigap

So mom is retiring (for real this time) and needs Medicare. The goal was to retire at the end of the year, then she decides to go on a cruise and retire a month early. Ack! Called up medicare and have them change to beginning of Dec, so she has Medicare when her private insurance dies. When I tried...
by cheese_breath
Thu Nov 17, 2011 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Good or Favorite charities? (Especially medical)
Replies: 23
Views: 1469

Re: Good or Favorite charities? (Especially medical)

The Annette Funicello Research Fund for Neurological Diseases http://www.annetteconnection.com/Research-Fund.php The Annette Funicello Research Fund for Neurological Diseases is a non-profit organization that provides grant funding into the cause, cure, and treatment of Multiple Sclerosis and other ...