Search found 342 matches

by 2cents2
Thu Sep 29, 2016 3:53 am
Forum: Personal Consumer Issues
Topic: Is a garbage disposal unit a good idea for a rental property?
Replies: 34
Views: 3940

Re: Is a garbage disposal unit a good idea for a rental property?

I dont like cooking in a kitchen that doesn't have a garbage disposal. It would be a deal breaker for me. We have been using the same garbage disposal that was there when we bought our house over 30 years ago (I am amazed at how long it's lasted). Wouldn't not having a garbage disposal in the unit r...
by 2cents2
Wed Sep 28, 2016 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: What is it like to plan for retirement a couple years before the big day?
Replies: 15
Views: 2468

Re: What is it like to plan for retirement a couple years before the big day?

I went to a retirement course through my employer which was helpful. I looked at our expenses in more detail. (And, what I expected after retirement.). I modeled income streams based on either DH or I predeceasing each other to see if life insurance was still needed. Then a couple years prior we liv...
by 2cents2
Wed Sep 28, 2016 10:59 am
Forum: Personal Finance (Not Investing)
Topic: TSP - Surviving spouse should probably move out of the TSP
Replies: 16
Views: 2328

Re: TSP - Surviving spouse should probably move out of the TSP

Lady geek, There is another option for beneficiaries who also have their own TSP account that might be relevant: "If you have an existing TSP account from your own employment with the Federal Government or the uni­ formed services, you can move your bene ciary partici­ pant account into your existin...
by 2cents2
Sun Sep 25, 2016 10:12 am
Forum: Personal Finance (Not Investing)
Topic: TSP - Surviving spouse should probably move out of the TSP
Replies: 16
Views: 2328

Re: TSP - Surviving spouse should probably move out of the TSP

Jo,
I'm so sorry for your loss. They sure do make it difficult for the successor beneficiaries.
The deciding factor for me would depend on how much 3-5% of your estate amounts to and whether it would result in a big tax hit for your successor beneficiaries.
by 2cents2
Wed Sep 14, 2016 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Denied Term Life Insurance/A Reminder to Get Your House in Order
Replies: 40
Views: 5539

Re: Denied Term Life Insurance/A Reminder to Get Your House in Order

Are you at the absolute maximum for your group policy? We can purchase a significant amount more than the firm-standard coverage offered. +1 Every place I've ever worked allowed you to boost coverage from 2 to 5x, although over a certain dollar amount they need a physical exam. That is a good point...
by 2cents2
Wed Sep 14, 2016 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Denied Term Life Insurance/A Reminder to Get Your House in Order
Replies: 40
Views: 5539

Re: Denied Term Life Insurance/A Reminder to Get Your House in Order

Texan, Another thing that might put your mind at ease is to find out the Social Security survivor benefit that might be available to your survivors. I agree with you about keeping up with the necessary life insurance. I wish we had done this with DH. He had a 15 year level term annual renewable--whi...
by 2cents2
Wed Sep 14, 2016 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Pension Buyout and LTC
Replies: 20
Views: 2084

Re: Pension Buyout and LTC

Another method is to forget about survival weighting based on a mortality table, and simply calculate the discount rate assuming the pension runs for a specified number of years. The following table shows the return ranges from 0.5% if it ran only 15 years to 5.0% if it ran for 40. This is really g...
by 2cents2
Tue Sep 13, 2016 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Pension Buyout and LTC
Replies: 20
Views: 2084

Re: Pension Buyout and LTC

DH is 61 and I am 60. We are considering 3 options. The buyout. Taking the pension at 65 [in 4 years] with 100% survivor benefit-(annual pension amount is about 6.7% of the buyout amount). Taking a reduced pension at 65 with 100% survivor benefit ... (annual benefit would be 5% of the buyout offer ...
by 2cents2
Mon Sep 12, 2016 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Buyout and LTC
Replies: 20
Views: 2084

Re: Pension Buyout and LTC

DH is 61 and I am 60. We are considering 3 options. The buyout. Taking the pension at 65 [in 4 years] with 100% survivor benefit-(annual pension amount is about 6.7% of the buyout amount). Taking a reduced pension at 65 with 100% survivor benefit ... (annual benefit would be 5% of the buyout offer ...
by 2cents2
Mon Sep 12, 2016 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Buyout and LTC
Replies: 20
Views: 2084

Re: Pension Buyout and LTC

The lump sum is not taxable, as long as you roll it into an IRA within the requisite time. We were faced with a somewhat similar situation when the DW and I retired in 2013. We both worked for the same company. The pension option had no COLA, and we had enough post-tax savings to last us for severa...
by 2cents2
Mon Sep 12, 2016 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Buyout and LTC
Replies: 20
Views: 2084

Re: Pension Buyout and LTC

... None of the lump sum scenarios would allow us to buy an immediate annuity that would equal the pension amount (they are about 20% lower). .... That makes sense. If you were to buy an annuity from an insurance company, there would be more expenses at the insurance company level and commissions p...
by 2cents2
Mon Sep 12, 2016 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Pension Buyout and LTC
Replies: 20
Views: 2084

Re: Pension Buyout and LTC

Have you put a pencil to any implications to your future tax situation? ... and FWIW, include the scenario of doing Roth conversions prior to RMD if your tax situation makes it favorable. Another excellent question. We absolutely want to do Roth conversions prior to RMD. I have not done any modelin...
by 2cents2
Mon Sep 12, 2016 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Pension Buyout and LTC
Replies: 20
Views: 2084

Re: Pension Buyout and LTC

If professional pension managers can not "properly invest" the pension assets to provide the level of return necessary to maintain funding and payouts today without further contribution from the company, what makes you believe that you could either find/hire someone or even do it yourselves to "pro...
by 2cents2
Mon Sep 12, 2016 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Pension Buyout and LTC
Replies: 20
Views: 2084

Re: Pension Buyout and LTC

Isn't the lump payout considered fully taxable income? Good question. If we took the lump sum option, it would be rolled over as follows: contributions (about 10% of the amount) to a Roth, the rest to a traditional IRA. This would be an advantage to be able to separate this money and have the contr...
by 2cents2
Mon Sep 12, 2016 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Pension Buyout and LTC
Replies: 20
Views: 2084

Re: Pension Buyout and LTC

I would not take the buyout. I would take the pension with a 100% survivor option at 65. If the lump sum offer today can not provide you with an actuarially adjusted pension amount given your current age today using an SPIA, then I would pass. That said, a 100% funded plan today, does not mean it w...
by 2cents2
Sun Sep 11, 2016 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Buyout and LTC
Replies: 20
Views: 2084

Re: Pension Buyout and LTC

I don't know how to evaluate the mortality issue. We are both healthy and I have no reason to believe we would have less than an average life span. My grandmothers lived to 91 & 100. My mother is still going strong at 84.
by 2cents2
Sun Sep 11, 2016 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Buyout and LTC
Replies: 20
Views: 2084

Pension Buyout and LTC

I have 2 big decisions to make this month. DH has a pension buyout offer again. (DH said he would prefer that I not post specific numbers.) DH is 61 and I am 60. He left his company several years ago. They made a pension buyout offer in 2014 which he didn't take. The new offer is 16% higher. His pen...
by 2cents2
Sun Sep 11, 2016 3:51 pm
Forum: Personal Consumer Issues
Topic: 2006 mazda miata for daughter, 42k miles, $10k?
Replies: 64
Views: 5991

Re: 2006 mazda miata for daughter, 42k miles, $10k?

You could sell the minivan, buy the Miata (and you drive it) and let your daughter drive the Forester....
by 2cents2
Mon Sep 05, 2016 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Premium increase for federal employee long term care insurance
Replies: 69
Views: 7965

Re: Premium increase for federal employee long term care insurance

Of course, the insurance companies can win. This isn't health insurance where one individual could incur millions of dollars in cost. With LTC, the company knows its max liability for each policy. If your policy says $200/day for 3 years after a 90-day wait, the company knows exactly its liability....
by 2cents2
Wed Aug 31, 2016 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Premium increase for federal employee long term care insurance
Replies: 69
Views: 7965

Re: Premium increase for federal employee long term care insurance

The deadline is getting closer and I still haven't made a decision. I still feel we need to have LTC because I don't feel that DH and I have enough assets to self insure. Here is my rant. Apparently, OPM gets bids from insurance companies to provide LTC for a set period (7 years?)-not forever. Here ...
by 2cents2
Wed Aug 31, 2016 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Premium increase for federal employee long term care insurance
Replies: 69
Views: 7965

Re: Premium increase for federal employee long term care insurance

Th risk management of LTC carriers is one of the worst ever. Actuaries got many things wrong. Lapse was off by 50-100x. Claim duration and benefit utilization assumptions were very wrong. Furthermore, the gap between the time of sale and time of claim created a sense of complete irresponsibility. P...
by 2cents2
Sat Aug 27, 2016 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Fear and Trembling (Aug. 31st is my last day at work)
Replies: 77
Views: 12063

Re: Fear and Trembling (Aug. 31st is my last day at work)

Congratulations on preparing for your retirement so well. I retired almost 5 years ago. I loved my job, but it was time for me to go. Even though I felt I was ready, I still had some moments of doubt. You really can't model every aspect of retirement before you do it. Try to enjoy the next few days ...
by 2cents2
Mon Aug 08, 2016 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Tell me about Expected Family Contribution for college
Replies: 65
Views: 7787

Re: Tell me about Expected Family Contribution for college

On another thread, someone mentioned that the sticker price that I have been budget for with regards to my kids college tuition ($250,000 is my estimate) is perhaps higher than we'd actually have to pay after we fill out the FAFSA form. So, I estimated our expected financial contribution using numb...
by 2cents2
Thu Aug 04, 2016 5:32 pm
Forum: Personal Consumer Issues
Topic: Suckered into Marriott Kauai Timeshare Presentation
Replies: 101
Views: 16387

Re: Suckered into Marriott Kauai Timeshare Presentation

http://www.consumerreports.org/personal-finance/is-a-timeshare-vacation-a-good-value/ For those Bogleheads who love "doing the math" this Consumer Reports article is very well done. Their math analysis is that after thirteen years the math really does pencil out. Remember that Marriott time shares ...
by 2cents2
Wed Aug 03, 2016 1:33 pm
Forum: Personal Consumer Issues
Topic: Suckered into Marriott Kauai Timeshare Presentation
Replies: 101
Views: 16387

Re: Suckered into Marriott Kauai Timeshare Presentation

The salesperson is not going to let you get the free vacation, not buy a timeshare, and let you walk away feeling great. Making people feel guilty when needed is part of their professional skill set. I suspect that when people think they've gotten away with it, what really happened is that the sale...
by 2cents2
Wed Aug 03, 2016 7:46 am
Forum: Personal Consumer Issues
Topic: Suckered into Marriott Kauai Timeshare Presentation
Replies: 101
Views: 16387

Re: Suckered into Marriott Kauai Timeshare Presentation

1. Set your timer on your phone to keep track of how much time has elapsed (and make sure they don't exceed the agreed upon time commitment to make their pitch). 2. Don't sign anything until your lawyer has reviewed it. I have only attended 2 timeshare presentations (about 30 years apart). Both of ...
by 2cents2
Tue Aug 02, 2016 7:44 am
Forum: Personal Consumer Issues
Topic: Suckered into Marriott Kauai Timeshare Presentation
Replies: 101
Views: 16387

Re: Suckered into Marriott Kauai Timeshare Presentation

1. Set your timer on your phone to keep track of how much time has elapsed (and make sure they don't exceed the agreed upon time commitment to make their pitch). 2. Don't sign anything until your lawyer has reviewed it. I have only attended 2 timeshare presentations (about 30 years apart). Both of t...
by 2cents2
Fri Jul 22, 2016 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Premium increase for federal employee long term care insurance
Replies: 69
Views: 7965

Re: Premium increase for federal employee long term care insurance

I received the dreaded letter and I am trying to decide what to do. I received 4 options--the first 3 of varying inflation protection. The fourth option is kind of interesting--it would provide for the current per day benefit amount up to the amount I have paid in to premiums up to this point (for t...
by 2cents2
Sun Jul 10, 2016 3:14 pm
Forum: Personal Consumer Issues
Topic: Can I get a little house or townhouse for under $400K in Maryland or Virginia?
Replies: 112
Views: 12507

Re: Can I get a little house or townhouse for under $400K in Maryland or Virginia?

I think you should probably be able to find something in that price range with your list of requirements (but, maybe not real close in). But, I believe renting is a good idea. The good news is you can audit classes for free as a resident of VA (must be a resident for at least 1 year prior to the beg...
by 2cents2
Fri Jun 17, 2016 11:21 am
Forum: Personal Consumer Issues
Topic: Neighborhood kids setting up lemonade stand on my property
Replies: 102
Views: 9662

Re: Neighborhood kids setting up lemonade stand on my property

Here is an interesting link http://www.today.com/parents/what-do-when-legal-issues-sour-your-lemonade-stand-t26011 It seems a little weird to me that it would be okay to set up a stand ON the sidewalk. While a sidewalk is a public right of way, it would cause an obstruction to foot traffic. I don't ...
by 2cents2
Tue Apr 19, 2016 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance
Replies: 13
Views: 2818

Re: Long Term Care Insurance

I am interested in the guidance you receive for your question. We have had LTCi for about 11 years and have gone through the decision cycle on 3 occasions so far. It was alarming to see an increase, but we felt we still had a need for the insurance (we don't want to impoverish the remaining spouse) ...
by 2cents2
Sun Mar 06, 2016 5:43 am
Forum: Personal Finance (Not Investing)
Topic: The Coming Costco AMEX Rebate Problem
Replies: 19
Views: 3293

Re: The Coming Costco AMEX Rebate Problem

Will they only permit COSTCO Visa cards to be used when they switch?
by 2cents2
Sat Feb 20, 2016 11:40 am
Forum: Personal Consumer Issues
Topic: Anyone ever buy Hilton's Timeshares (HGVC)?
Replies: 51
Views: 9257

Re: Anyone ever buy Hilton's Timeshares (HGVC)?

blackomen wrote: I understand that since I declined Hilton's offer, I'll never be offered these time shares again for the rest of my life but I'm curious if anyone else here actually took Hilton's offer.
It sounds like you chose the grand prize option (if in fact they don't ever contact you again. :happy )
by 2cents2
Tue Feb 09, 2016 8:34 am
Forum: Personal Finance (Not Investing)
Topic: What is your opinion on the Federal goverment retirement plan?
Replies: 57
Views: 11973

Re: What is your opinion on the Federal goverment retirement plan?

Another benefit regarding the Sick Leave is that unused sick leave can be used toward the retirement annuity calculation. "Sick Leave Used in the Computation of an Annuity Unused sick leave will be used in the calculation of an employee's or survivor's annuity based on retirement with an immediate a...
by 2cents2
Mon Feb 01, 2016 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: DOD new pension plan
Replies: 1
Views: 632

Re: DOD new pension plan

There's actually a thread already on this topic:
viewtopic.php?f=2&t=179223
by 2cents2
Mon Feb 01, 2016 1:50 pm
Forum: Personal Consumer Issues
Topic: Manual can opener recommendation
Replies: 45
Views: 5582

Re: Manual can opener recommendation

We bought 3 manual can openers in November: 1. Homdox® Stainless Steel Manual Can Opener, Smooth Edge No Sharp Cuts 2. EZ-DUZ-IT Deluxe Can Opener with Red Grips 3. Bartelli Soft Edge 3-in-1 Manual Safety Can Opener, Jar Opener and Bottle Opener - compact ambidextrous design for right or left handed...
by 2cents2
Sun Dec 27, 2015 7:35 am
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 196
Views: 29362

Re: The Big Short

I thought the movie was very well done. What I liked most about the movie was it sparked discussions about several financial related topics with my movie companions.
by 2cents2
Mon Dec 21, 2015 4:10 am
Forum: Personal Finance (Not Investing)
Topic: EE Series Savings Bonds - paying taxes question
Replies: 14
Views: 4462

Re: EE Series Savings Bonds - paying taxes question

I have some EE Series bonds that are coming due next year. When I cash them out, is there any way I can have taxes withheld from the payout amount? Or will I have to adjust my W2 withholding to make sure the IRS gets enough to cover them? I plan on cashing them out late 2016 after they have stopped...
by 2cents2
Thu Oct 15, 2015 6:07 am
Forum: Investing - Theory, News & General
Topic: Northwest FCU 3-year 3.04% Add-On CD
Replies: 371
Views: 39765

Re: Northwest FCU 3-year 3.04% Add-On CD

The only question I have for people who got through is, when you pay the $10 fee does that come out of the deposit that you put into the CD? I transferred $10,000 from my bank account. Should I have transferred $10,010 to cover the fee? I'm worried that I won't meet the minimum now. Yes, you need t...
by 2cents2
Wed Oct 14, 2015 10:02 am
Forum: Investing - Theory, News & General
Topic: Northwest FCU 3-year 3.04% Add-On CD
Replies: 371
Views: 39765

Re: Northwest FCU 3-year 3.04% Add-On CD

I started my application for the 3 year CD last Thursday, and just got around to setting up the funding from my bank account. When I went to confirm my app, it said the 3 yr dream CD was no longer available. Guess I waited too long. Oh well. It would be worth a phone call to see if they would honor...
by 2cents2
Wed Oct 14, 2015 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Fair share of expenses for spouses?
Replies: 100
Views: 11609

Re: Fair share of expenses for spouses?

I've thought about this question for a while. DH and I put all our money into one pot (so that I can manage things). But, after it goes into the one pot I try to make our investments so that 50% of the assets are in DH's name alone and 50% of the assets are in my name alone (with the opposite partne...
by 2cents2
Thu Oct 08, 2015 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Where to keep a future downpayment
Replies: 25
Views: 2236

Re: Where to keep a future downpayment

Here is a recent discussion on "Northwest FCU 3-year 3.04% Add-On CD"
viewtopic.php?f=10&t=174898
by 2cents2
Tue Oct 06, 2015 3:49 pm
Forum: Investing - Theory, News & General
Topic: Northwest FCU 3-year 3.04% Add-On CD
Replies: 371
Views: 39765

Re: Northwest FCU 3-year 3.04% Add-On CD

So, I went in person this afternoon and it only took about 30 mins--about half of that time was waiting for clients ahead of me... I asked how long the customer rep expected this offer to last--he said he didn't know, but would be surprised if it lasted longer than the end of this month. Kevin, Than...
by 2cents2
Sun Oct 04, 2015 2:12 pm
Forum: Investing - Theory, News & General
Topic: Northwest FCU 3-year 3.04% Add-On CD
Replies: 371
Views: 39765

Re: Northwest FCU 3-year 3.04% Add-On CD

I wonder if it would be easier to set this up in person?
by 2cents2
Sun Oct 04, 2015 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Disney Is Pricing Itself Out Of Business
Replies: 26
Views: 3597

Re: Disney Is Pricing Itself Out Of Business

Although this doesn't apply to me since I'm not a FL resident, but does Disney still offer the EPCOT after 4pm annual pass for Florida residents or is that gone with the new color coded annual passes? I have held an AP for WDW (non-Florida resident) in one form or another for several years. My curre...
by 2cents2
Fri Oct 02, 2015 10:15 am
Forum: Personal Consumer Issues
Topic: Tropical Storm/Hurricane Joaquin
Replies: 43
Views: 4210

Re: Tropical Storm/Hurricane Joaquin

They are calling for 1-4 inches of rainfall heavy at times overnight....( I am so glad it isn't in the form of frozen precip! I think the conversion factor is around 1 in liquid to 10 in frozen.)
by 2cents2
Thu Oct 01, 2015 1:34 pm
Forum: Personal Consumer Issues
Topic: Tropical Storm/Hurricane Joaquin
Replies: 43
Views: 4210

Re: Tropical Storm/Hurricane Joaquin

^I am making some weekend plans but can delay if necessary. Victoria I think we are going to get plenty of wind and rain (think Nor’easter), but there have been all kinds of different models as to where Joaquin will make landfall. I think the European model has it going out to sea--that is my favor...
by 2cents2
Thu Oct 01, 2015 5:49 am
Forum: Personal Consumer Issues
Topic: Tropical Storm/Hurricane Joaquin
Replies: 43
Views: 4210

Re: Tropical Storm/Hurricane Joaquin

I'd also fill up the bathtub with water. You can dip out of it to fill up your toilet tanks so you can flush the toilets. If you have a pool, pump it down some, you may get a lot of rain. You can also use pool water for toilet flushing. Make sure you've got plenty of TP, paper towels, soap and othe...