Search found 1263 matches

by obgraham
Mon Nov 11, 2019 1:21 am
Forum: Personal Finance (Not Investing)
Topic: Tale of 2 doctor job opportunities
Replies: 41
Views: 3964

Re: Tale of 2 doctor job opportunities

Couple of issues I learned, sometimes the hard way, about group practices. You want to be clear up front about the issues: Who pays the tail policy if you leave the group before becoming partner? If pay is determined in part or all by production, is it "billed" or "Collected" production? What happen...
by obgraham
Sat Nov 02, 2019 12:49 am
Forum: Personal Finance (Not Investing)
Topic: how does Personal Umbrella Insurance work?
Replies: 28
Views: 3112

Re: how does Personal Umbrella Insurance work?

I suspect the vast majority of high dollar payouts come after significant litigation. The main thing about umbrella insurance is that they provide your defense, as it is in their interest to minimize your liability losses. What you have to find out is if your policy has a "right to settle" clause, o...
by obgraham
Thu Oct 31, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: paying foreign medical bill - after the fact:( back from vacation
Replies: 30
Views: 3293

Re: paying foreign medical bill - after the fact:( back from vacation

I know I'm just old fashioned, but I tend to look at a situation like this as "did the seller provide the service for which they sent me a bill?" So in this case, the Italian hospital did indeed provide service, and without knowing the details, the bill sounds reasonable. (Now if this involved a qui...
by obgraham
Sat Oct 26, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Flagship clients no longer have a personal rep
Replies: 48
Views: 5099

Re: Flagship clients no longer have a personal rep

Indeed, I had a "personal rep" for many years. Never actually managed to speak to her/him. It was always "so and so can help you today".

I dont think the new situation is really any different.
by obgraham
Wed Oct 23, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 353
Views: 30214

Re: Do you plan to actually spend down your portfolio?

I guess I am the exception here: I am spending mine. That is what it is for. Having been self employed, there is no pension, just what is in the IRA and SS.

It is all about how fast I spend it. 18 years into retirement, it certainly looks like it will last me!
by obgraham
Tue Oct 08, 2019 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Malpractice Tail Coverage - Difficult Decision?
Replies: 9
Views: 1115

Re: Malpractice Tail Coverage - Difficult Decision?

Apparently medical professional negligence tail is different than legal professional negligence tail… FWIW as a retired lawyer I have tail coverage at no additional cost because my former firm has continuous coverage through its same insurer and under that policy all current and former lawyers are ...
by obgraham
Sun Oct 06, 2019 3:43 pm
Forum: Personal Consumer Issues
Topic: Document Storage: what format? (paper, fiche, scan,..?)
Replies: 43
Views: 4298

Re: Document Storage: what format? (paper, fiche, scan,..?)

Like some others here, I keep no paper at all except house deeds and vehicle titles. Started in 2005 and very pleased. Organization is key.
I have some OCD tendencies so I like to check "what that gas bill was like in 2011", so I keep my statements, in pdf. Very little effort required.
by obgraham
Fri Oct 04, 2019 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D advise
Replies: 33
Views: 3334

Re: Medicare Part D advise

It's pretty hard to beat the Humana Walmart plan at $160 a year.Gill Depends on the state. In mine it is $32 a month. Dropping to $30.40 in 2020. That is probably the Humana Basic Rx plan and not the new Humana Walmart Value Rx plan which will be $13.20/month nationwide. You are correct. My error!
by obgraham
Fri Oct 04, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D advise
Replies: 33
Views: 3334

Re: Medicare Part D advise

I try to get the most rock bottom plan I can. I rarely use any Rx; I've been tempted to skip Part D altogether. My current plan bumped the rate but also in the fine print, jacked up the deductible and copayments. I plan to shop around. I may still decide to go without and pay the penalty later if I...
by obgraham
Tue Aug 27, 2019 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: US citizens moving to the UK - hopefully less complex than recent posts but woudl like your advise
Replies: 7
Views: 722

Re: US citizens moving to the UK - hopefully less complex than recent posts but woudl like your advise

In line with what JJ mentioned, I think the biggest issue is to be clear about the inheritance rules, for both the US and the UK. Especially if your plan is to leave assets to heirs, but also clarifying what will happen when one of you dies and wants to leave the estate to the other. You'll need exp...
by obgraham
Sun Aug 25, 2019 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Ally bank app vs Bank of America app
Replies: 8
Views: 919

Re: Ally bank app vs Bank of America app

All I can add is that the Ally app is clear, simple, and works well.

My experience with BOA is that they don't see value in such.
by obgraham
Sat Aug 17, 2019 10:41 pm
Forum: Personal Consumer Issues
Topic: Aliens have captured my husband [wants to buy a Porsche]
Replies: 138
Views: 12153

Re: Aliens have captured my husband [wants to buy a Porsche]

Practicality be hanged. He should buy the Porsche.
by obgraham
Thu Aug 15, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Canada -> USA tax implications
Replies: 19
Views: 1345

Re: Moving from Canada -> USA tax implications

No comment on the prime questions here, but just pointing out that if you are paying only $140 monthly for health care insurance you are getting a VERY bare bones coverage. You'll be a cash payer for 90% of your medical encounters. Then you'll be charged top dollar, not what everyone else's insuranc...
by obgraham
Fri Aug 09, 2019 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency medical insurance (Helicopter transport, etc)
Replies: 32
Views: 3606

Re: Emergency medical insurance (Helicopter transport, etc)

Look at MedJetAssist for your long distance or international coverage.

Not sure how they would handle hauling you from a highway wreck to a hospital 4 miles away.
by obgraham
Sun Jul 14, 2019 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Relocated, No Bank Branch, and Need Earnest Money Check
Replies: 13
Views: 787

Re: Relocated, No Bank Branch, and Need Earnest Money Check

If you are going to have a regular bank, this is an argument for a local community bank. I had this problem, buying a place on the otherside of the country. Got on the phone, talked to the manager at my home bank, told her the problem, and she had the solution (wired funds) in short order. Megabanks...
by obgraham
Thu Jul 11, 2019 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: How to Safely Share User IDs / Passwords with Spouse
Replies: 79
Views: 8017

Re: How to Safely Share User IDs / Passwords with Spouse

You can take this security obsession to the point where it is nearly impossible to get anything done easily. My passwords are on an excel sheet. A paper copy of said sheet is in a notebook. Mrs. O knows where both those items are, readily available to her when I croak. If the Russians break into my ...
by obgraham
Wed Jun 19, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: how do you manage your cash flow in retirement
Replies: 28
Views: 3872

Re: how do you manage your cash flow in retirement

I have spent down our taxable accounts so everything is in IRA, now consolidated at Vanguard. Checking and a small savings amount in Ally online, all bills paid from there, mostly autopay. About every 2 months, sell some Vanguard, direct deposit to Ally, shows up in 2 days. We do maintain a small ac...
by obgraham
Sun Jun 16, 2019 7:07 pm
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 211
Views: 24629

Re: How have your homes as investments done?

On my 4th home in this community, historically an up-and-down market going contrary to the overall US market.
So I have bought and sold 3. And lost a pile of money each time. "Buy high, sell low" is my record!
But each, including the current home, was right for that stage of our life.
by obgraham
Sat Jun 15, 2019 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching a 4 Year old donating with quarters
Replies: 13
Views: 1352

Re: Teaching a 4 Year old donating with quarters

He's really little. But all little kids like Christmas. Why not save the coins in the piggybank, then take him down to a Salvation Army Red Kettle in December, and have him put them in there. "These people are collecting money to help people who don't have anything for Christmas". Nothing more compl...
by obgraham
Wed Jun 12, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to preserve $10M+ in wealth owned by unsophisticated people?
Replies: 82
Views: 15910

Re: How to preserve $10M+ in wealth owned by unsophisticated people?

If I were OP's well off parents, the last thing I would be doing is looking to him for advice.

If fact I would be looking for ways to leave my estate to worthy charities which will appreciate it.
by obgraham
Tue Jun 11, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Checking vs Capital One 360 Checking
Replies: 16
Views: 2229

Re: Ally Checking vs Capital One 360 Checking

I was with ING and then CapOne360 for 12 years. Switched to Ally a couple of years back when CapOne's web site eliminated several functions that were handy for me -- being able to print the check image being one. Otherwise, both offer good service. Ally pays a smidge of interest on checking, CapOne ...
by obgraham
Wed Jun 05, 2019 9:25 pm
Forum: Personal Investments
Topic: Retired Income Investors: What do you do with dividends/interest in an IRA?
Replies: 5
Views: 704

Re: Retired Income Investors: What do you do with dividends/interest in an IRA?

Since we are living off our IRA, it makes no difference if a gain is from interest/dividend or capital gain. All the same. Taxed the same. Likewise, the worry over RMD is irrelevant when you use your retirement assets for, well, retirement. Now if I were in a different situation, with a stash outsid...
by obgraham
Tue Jun 04, 2019 10:53 pm
Forum: Personal Consumer Issues
Topic: Recommendations for "Backup" software
Replies: 40
Views: 3389

Re: Recommendations for "Backup" software

I've never understood this obsession with "backup software". Simple is best. All my current 205 GB of data is in a single directory (well actually 3: Pictures, Music, Data). I simply copy that directory to my USB drives, and I have a specific schedule to do it. Simple, and reliable: I can see exactl...
by obgraham
Tue May 28, 2019 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: New babies, NICU stay, post-partum complications & Insurance
Replies: 24
Views: 2399

Re: New babies, NICU stay, post-partum complications & Insurance

they are automatically on her policy for at least 30 days, correct? i can call her insurance company and confirm but that is generally how it works, right? There's too much money at risk here to rely on some chatroom opinions on this. Consult your insurance policies and their fine print. If any que...
by obgraham
Tue May 28, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: New babies, NICU stay, post-partum complications & Insurance
Replies: 24
Views: 2399

Re: New babies, NICU stay, post-partum complications & Insurance

You don't want to be messing around changing coverage while your babies are in NICU. The charges there will be enormous, and you don't want to open up even the slightest possibility of denial of coverage now.
by obgraham
Mon May 27, 2019 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Can I deduct a loss for non-paying patients?
Replies: 48
Views: 4080

Re: Can I deduct a loss for non-paying patients?

Boy, I'd be a wealthy fellow if I had been able to deduct uncompensated care I provided over the years! I suspect most other docs would, too. I don't agree with the criticism that it would be "double dipping" though. I can deduct charitable donations. I can deduct the costs I incur in donating a pro...
by obgraham
Mon May 27, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Billing
Replies: 6
Views: 1189

Re: State Farm Billing

State Farm appears to be having computer issues. After suspending a car's policy while we snowbirded, I reinstated it now 5 weeks ago. The online site still does not show it. I called my agent, and was told to just have patience, they were having "issues". OK, I said, email me a coverage card so I c...
by obgraham
Mon May 20, 2019 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken: Windows to Mac
Replies: 14
Views: 1091

Quicken: Windows to Mac

OK Quicken fans, I know this has been discussed but it is still confusing: Long time Quicken fan here. 20 years or so. But I despise the "subscription" mode, so I am using an old edition of Quicken, actually 2009. Works well for what I need -- running the checkbook, generating tax reports (I don't d...
by obgraham
Mon May 20, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Opening a Pediatric practice as a Pediatric Nurse Practitioner
Replies: 66
Views: 5874

Re: Opening a Pediatric practice as a Pediatric Nurse Practitioner

Indeed. The overhead will kill you. Health care has moved beyond the small private practice model. Efficiency snd volume are now key. As a small practice, you may well enjoy it more, but it is going to be tough to make it an economic success. That said there is probably a place for the "niche" or co...
by obgraham
Tue May 14, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: I really do not like using credit cards. Do any of you have a good credit score with no credit cards?
Replies: 247
Views: 8050

Re: I really do not like using credit cards. Do any of you have a good credit score with no credit cards?

How do you Uber without a credit card?

When I looked this up just now the alternatives are simply credit card workarounds -- like paypal or cryptocash. I don;t really see the difference.
by obgraham
Tue May 14, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Pay myself for pilot training or invest them?
Replies: 18
Views: 1424

Re: Pay myself for pilot training or invest them?

OP, since your immediate concern seems to be whether you really can complete a flying license, I suggest you simply start in on PPL training. That is not a 50K prospect, and by the time you are 20-30 hours in you will have a better idea of how you are taking to it, and your prospects for finishing u...
by obgraham
Mon May 13, 2019 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: When did you realize it wasn't enough?
Replies: 33
Views: 7702

Re: When did you realize it wasn't enough?

There are a few benefits that come with getting old. One is the realization that we can, and once did, live a very active lifestyle on a whole lot less income than we have today. Even taking inflation into account. And as is often pointed out, millions of retirees survive on little more than their S...
by obgraham
Thu May 02, 2019 2:03 am
Forum: Personal Finance (Not Investing)
Topic: What Should We Do With Excess Cash Each Month?
Replies: 17
Views: 2930

Re: What Should We Do With Excess Cash Each Month?

When the next correction hits, I don't want to see half of my market value go up in smoke like it did in 2009. This is just a normal part of the "buy and hold" strategy of investing. If you avoid the stock market, you miss out on the only proven way to accumulate wealth in the long term. What goes ...
by obgraham
Tue Apr 30, 2019 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Chiropracter career no longer lucrative...what other job options are there?
Replies: 41
Views: 5940

Re: Chiropracter career no longer lucrative...what other job options are there?

What specifically would the person OP is dealing with do with an "online master's degree in health administration"? I doubt that this is a marketable credential.
by obgraham
Sat Apr 27, 2019 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Is ACH Billpay risky?
Replies: 47
Views: 4498

Re: Is ACH Billpay risky?

At least 15 years in, I've never seen a problem with pull payments. I'm dealing with reputable companies. If there was an error and they somehow drew an excess or double payment, the chain of data is very clear, and I'm sure they would resolve it quickly. As others point out, though, it is important...
by obgraham
Sat Apr 06, 2019 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Standard Deduction vs Itemizing - Experience this year
Replies: 52
Views: 6084

Re: Standard Deduction vs Itemizing - Experience this year

Always itemized till 2018, when standard deduction was a better choice. The SALT does not apply to us, and bunching taxes isn't possible with the schedules of our places. That leaves charitables as the only way to work the system.

I guess we'll be standard deduction hereafter.
by obgraham
Wed Apr 03, 2019 12:54 am
Forum: Personal Finance (Not Investing)
Topic: How's Ally Checking Billpay features?
Replies: 6
Views: 818

Re: How's Ally Checking Billpay features?

It comes out of mine on the day Ally predicts they receive the check. CapOne was when they cashed the check.

It is the one issue I have with Ally.
by obgraham
Wed Apr 03, 2019 12:52 am
Forum: Personal Finance (Not Investing)
Topic: Delta skymiles Amex gold
Replies: 21
Views: 1729

Re: Delta skymiles Amex gold

I've had this card for some years, because Delta goes where we go, and we fly about a half dozen times a year. The free baggage justifies the annual fee for me. But if I didn't use Delta much, I would see no great love for this card. The number of miles required to get a free flight are often very h...
by obgraham
Tue Apr 02, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Any *disadvantages* to citizenship?
Replies: 74
Views: 4391

Re: Any *disadvantages* to citizenship?

I was personally in the exact same position OP refers to. After 25 years working in the US as a Canuck with a green card, when we sat down with our estate lawyers there is a very clear benefit. A noncitizen who inherits the estate of a citizen partner (and in my community property state that is auto...
by obgraham
Tue Apr 02, 2019 12:31 am
Forum: Personal Finance (Not Investing)
Topic: How to get cash quickly
Replies: 102
Views: 7737

Re: How to get cash quickly

Though it wouldn't help in OP's specific case, this is why I keep a HELOC loan going.

If i need cash, I can transfer it into checkng online. Then wire it, or walk in and get Benjamins.
by obgraham
Fri Mar 29, 2019 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 17819

Re: How often do you check your net worth?

Twice a year. With a separate number for "liquid" net worth. That gets around the issue of not having a clear value of the house, as it is not on the market now. And I do not value our "stuff" except for vehicles. Nobody wants our "stuff" that we think is so valuable!
by obgraham
Sun Mar 24, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Sell our condo or rent it out?
Replies: 17
Views: 1491

Re: Sell our condo or rent it out?

Sell it. Being a landlord is a thankless task, unless you make a career of it.

A tenant wants everything fixed NOW, whereas when you live in it you put up with some stuff that doesn't quite work right "till you get around to fixing it". Just not worth the hassle for a few dollars of possible profit.
by obgraham
Sat Mar 23, 2019 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Need Foreign Currency
Replies: 25
Views: 1600

Re: Need Foreign Currency

My last bit on this topic: when you leave the country you visit, drop that extra local currency, bills and coins, into a charity box, usually found at the airport. Better than just bringing it home and looking at it for a year or two.
by obgraham
Fri Mar 22, 2019 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Need Foreign Currency
Replies: 25
Views: 1600

Re: Need Foreign Currency

Small denomination US $ (clean ones preferred) got me everything I needed below credit card level in most every Central American country.
by obgraham
Fri Mar 22, 2019 12:26 am
Forum: Personal Finance (Not Investing)
Topic: How detailed is your review of your tax return when prepared by a professional?
Replies: 9
Views: 1336

Re: How detailed is your review of your tax return when prepared by a professional?

I don't understand anyone not wanting to "review" their own tax return. It's YOUR money, not theirs. I think OP will discover that most of those 180 pages are insignificant, but they merit at least a onceover. In our case, after using an accountant for many years, Mrs O became a CPA and worked for s...
by obgraham
Tue Mar 19, 2019 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Paying cash for a vehicle
Replies: 87
Views: 12190

Re: Paying cash for a vehicle

To me, replacing an old car whose history I know well, with another old car (well not quite as old) whose history is unknown, is not something I'd go for.

Both are at the "drive till they die" stage. I'd keep my 10k.
by obgraham
Fri Mar 15, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up Joint/Individual Accounts with Spouse
Replies: 27
Views: 2387

Re: Setting up Joint/Individual Accounts with Spouse

We were long time BOA customers. Ran our business through there, too. Got all the perks of "personal banker" etc. Once retired, and the cash flow amounts dropped, they lost interest in me and tacked on a bunch of fees. They have no loyalty to their customer, so I see no reason, OP, why you feel the ...
by obgraham
Tue Mar 12, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Airline travel and economy: pay $$ to pick seats
Replies: 116
Views: 8655

Re: Airline travel and economy: pay $$ to pick seats

but according the seating chart, the plane is 2 seats on either side of the aisle. No middle seat.
Either a Canadair?Bombardier Regional Jet or an Embraer ERJ. On there aircraft there is usually little difference between the various economy-class seats.
by obgraham
Sat Mar 09, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Airline travel and economy: pay $$ to pick seats
Replies: 116
Views: 8655

Re: Airline travel and economy: pay $$ to pick seats

I see this happen often. A couple or family, near the last to board, wants me to switch seats so they can "sit together". Having booked early snd selected my seat with care, I usually refuse, prompting the "stink eye" look the rest of the way. Sorry, OP, don't expect the rest of us to fix your lack ...
by obgraham
Sun Mar 03, 2019 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Looking to switch my banking. Any suggestions?
Replies: 10
Views: 1211

Re: Looking to switch my banking. Any suggestions?

Switching banks is a big deal to me, but I think it's time! It shouldn't be. Banks these days have no loyalty to you, so there is no reason for you to reciprocate. Switch to get the service you need. I was pleased with ING/CapOne for years. Then their web site removed some features I liked. Now I'm...