Search found 11436 matches

by ResearchMed
Tue May 18, 2021 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Give Up My Earnest Money
Replies: 126
Views: 9758

Re: Should I Give Up My Earnest Money

$0.02:* It sounds like you're overly anchored to the appraisal. The point of the appraisal isn't to tell you whether you got a good deal; it's never more than a ballpark for purposes of securing a loan. You'll likely make up the $80K in six months if the market is as hot as you say. Sq footage can ...
by ResearchMed
Tue May 18, 2021 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Mother is looking to refinance and asking me to co-sign
Replies: 137
Views: 7602

Re: Mother is looking to refinance and asking me to co-sign

All these suggestions that she sell the house ignore the fact that it is likely your inheritance. If you want to give up your inheritance, that's up to you. Inheritances generally come from people who had positive net worth when they departed this life. This seems very unlikely to occur here. Also,...
by ResearchMed
Tue May 18, 2021 2:01 pm
Forum: Investing - Theory, News & General
Topic: Teens can trade for free with fidelity
Replies: 11
Views: 477

Re: Teens can trade for free with fidelity

Does Fidelity offer a "practice account" so the teen (or other "investor") can, well, *practice* for a while to see how it all works, before using/risking real money?

RM
by ResearchMed
Tue May 18, 2021 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone know about co-signing car leases?
Replies: 20
Views: 1145

Re: Anyone know about co-signing car leases?

Can I get myself in trouble for not calling sooner? Just want to prevent any self inflicted issues. I will certainly call this week, just curious if there’s a penalty fee? I’m still a bit confused. If I’m not driving that car and she is driving it (hardly ever) and has max coverage, why would two p...
by ResearchMed
Tue May 18, 2021 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone know about co-signing car leases?
Replies: 20
Views: 1145

Re: Anyone know about co-signing car leases?

Do you have any liability in the event there is an accident or damage caused by the leased vehicle? If yes, have you notified your auto / umbrella insurer(s) that you are co-signer on the auto lease and listed on the registration to be sure you have coverage? I’m honestly not sure. I typically due ...
by ResearchMed
Mon May 17, 2021 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Give Up My Earnest Money
Replies: 126
Views: 9758

Re: Should I Give Up My Earnest Money

Too bad that none of that is relevant in this inferno market. No one is putting that much effort into staging and prettying something up when you could leave it in disrepair and have a bidding war regardless. Seller could relist immediately and have several offers within hours. ... not if the buyer...
by ResearchMed
Mon May 17, 2021 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Give Up My Earnest Money
Replies: 126
Views: 9758

Re: Should I Give Up My Earnest Money

They can’t just take your 50k and then turnaround and sell the house for more. That’s not reality. Find a RE with a clue. To OP (and a few others): Don't forget... sometimes we (OP and others) are the *sellers*. So... how would it be if you accept an offer, one that is very attractive due to few or...
by ResearchMed
Mon May 17, 2021 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing with most tasks online
Replies: 6
Views: 327

Re: Refinancing with most tasks online

I guess I don't understand how explaining how you're not concerned about people masking up helps OP who wants that? Did a closing in December. Title company rep masked in room, and me masked in room. New pen, told to keep it. In and out in 15 minutes. Anyone who comes to a home can sit in a garage,...
by ResearchMed
Mon May 17, 2021 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Paying Cash to Babysitter. Can i claim childcare credit
Replies: 18
Views: 1921

Re: Paying Cash to Babysitter. Can i claim childcare credit

To follow the law, you need to get an EIN, issue your household employee (nanny/babysitter) a W-2, and complete Schedule H on your tax return. If you come clean to the IRS about being an employer, then yes, you can claim the childcare credit for your household employee's wages. Paying a babysitter ...
by ResearchMed
Sun May 16, 2021 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Give Up My Earnest Money
Replies: 126
Views: 9758

Re: Should I Give Up My Earnest Money

The fact that the listed square footage and the actual square footage is discrepant could offer you a reason to back out of the deal and get your earnest money back. These erroneous details could constitute a material difference that factored in your decision. Again, this type of error may allow yo...
by ResearchMed
Sun May 16, 2021 5:10 pm
Forum: Personal Consumer Issues
Topic: Moving with 2 cats
Replies: 53
Views: 3112

Re: Moving with 2 cats

Cookiegirl wrote: Sun May 16, 2021 3:20 pm Love these replies, all sooooooo helpful!
I sent you a Private Message a few days ago.

RM
by ResearchMed
Sun May 16, 2021 4:49 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2852
Views: 282534

Re: [What TV Show Have You Recently Watched?]

Watching, live, the Metropolitan Opera competition finalists. Now waiting for the judges' decision. They are very good. (the singers; not sure about the judges yet :wink: ) One of them, from Seoul, had his internet connection just drop mid-way through his first piece. Ouch. Fortunately, his second p...
by ResearchMed
Sun May 16, 2021 12:30 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 1217
Views: 57538

Re: Bird watchers – what birds are you seeing?

Yesterday a pale green parakeet was seen on my platform feeder eating the few seeds remaining. I watched for an hour or so, then went out to add more more seeds there. He/She returned and remained off and on till dark. This morning the beauty was back. The other birds seems to have accepted having ...
by ResearchMed
Sun May 16, 2021 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Declined--No Idea Why
Replies: 19
Views: 1619

Re: Credit Card Declined--No Idea Why

I just had the same thing happen with my Discover card. I used it with no problem at Aldi’s. Then went across the street to WynnDixie, where it was refused. Also tried spouse card (same account). It, too, was rejected. Then called Discover at the usual 1-800-DISCOVER. I got a recorded message that ...
by ResearchMed
Sun May 16, 2021 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Making offer well-over asking price?
Replies: 24
Views: 3584

Re: Making offer well-over asking price?

OP, I think I may have just overpaid for a new home. The inspection is done and it came back clean. New appliances and HVAC. Nice flooring and new Windows. I won’t have to fix or make any changes unless I want to. In 5 years I won’t care. This has the qualities I want andI think I can live the life...
by ResearchMed
Sat May 15, 2021 11:41 am
Forum: Personal Consumer Issues
Topic: Blood Pressure Monitor?
Replies: 30
Views: 2037

Re: Blood Pressure Monitor?

I started with an Omron 760. Then I also bought a Beurer BM55 a year ago for comparison purposes. Both give equivalent readings and are considered by experts to be top-of-the-line home BP units. Price range at WalMart was $65-75. I only buy arm cuff models, don't trust wrist cuff units. ResearchMed...
by ResearchMed
Sat May 15, 2021 11:26 am
Forum: Personal Consumer Issues
Topic: Blood Pressure Monitor?
Replies: 30
Views: 2037

Re: Blood Pressure Monitor?

Is there a [good] home-use BP monitor that will take, say, 3 readings in relatively quick succession and calculate an average? Is there one that will send those measures (preferably including the 3 individual measurements in addition to the average) to a computer (via Bluetooth or ?) but not automat...
by ResearchMed
Fri May 14, 2021 9:26 pm
Forum: Personal Consumer Issues
Topic: Blood Pressure Monitor?
Replies: 30
Views: 2037

Re: Blood Pressure Monitor?

We've used Omron BP monitors as well. We now have the type that records and saves the readings and the dates, and it can record for two different users. That last part may not be relevant for the person you have in mind. It's upper arm, too. We calibrate the monitors by taking it with us to the phys...
by ResearchMed
Fri May 14, 2021 9:17 pm
Forum: Personal Investments
Topic: Trivial Question? Can I move money from my small business account directly to my personal brokerage account?
Replies: 12
Views: 816

Re: Trivial Question? Can I move money from my small business account directly to my personal brokerage account?

Why are you using an LLC, given it is single member? I'm assuming it is to reduce liability? If so, just be careful about any appearance of commingling LLC money and your personal funds. I do *not* know if a direct transfer like this might complicate things should there ever be any liability issues,...
by ResearchMed
Fri May 14, 2021 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Change of Address choices for father w/ cognitive decline
Replies: 44
Views: 2675

Re: Change of Address choices for father w/ cognitive decline

Do be aware that some institutions do not allow the POA agent to change the address. So I suggest change it now to your siblings address, while he can interact with them if necessary. I wasn't aware of this possibility, so we'll need to double check. However, if one has a DPOA, such that the transi...
by ResearchMed
Thu May 13, 2021 7:39 pm
Forum: Personal Consumer Issues
Topic: How to buy a beater car in the Boston area?
Replies: 3
Views: 461

Re: How to buy a beater car in the Boston area?

Does Carmax sell cars in this price range? If so, I'd much rather purchase from them than some private individual or possibly shady "used car lot salesperson". IF something goes wrong soon, I'd guess they'd try to work with you. They have a nationwide reputation. Note: We've only sold one ...
by ResearchMed
Thu May 13, 2021 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Electric Enigma
Replies: 29
Views: 2205

Re: Electric Enigma

OP.... Is this one of those 3 rental properties you mentioned in January, where it seemed one of the properties might have an illegal unit? I assume that you got an attorney at that point, as it was after you had already closed. You *really* need a GOOD real estate attorney, and someone who can sort...
by ResearchMed
Thu May 13, 2021 6:42 pm
Forum: Personal Consumer Issues
Topic: how much is integrity worth?
Replies: 25
Views: 2335

Re: how much is integrity worth?

There could be times when the person making the mistake would have to supply the "missing money", even if they did it entirely innocently (e.g., not trying to pull a fast one for a customer or... friend, etc.). I would have a lot of trouble with that possibility. It's not worth it. It's al...
by ResearchMed
Thu May 13, 2021 5:04 pm
Forum: Personal Consumer Issues
Topic: Summer Couples Vacation Spots
Replies: 24
Views: 2018

Re: Summer Couples Vacation Spots

Edgartown, MA (on Martha’s Vineyard) Check out the Charlotte Inn. We've stayed there. I had heard about the Charlotte Inn for ages, and was not disappointed when we finally had a chance to stay there. It was charming, and the restaurant area is very special indeed, beyond the food, which was also g...
by ResearchMed
Thu May 13, 2021 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Electric Enigma
Replies: 29
Views: 2205

Re: Electric Enigma

It's not clear how the decision to charge electricity instead of increasing rent was made. Did tenant renege on agreement about this? We made this decision based on exorbitant electric bills from several of our tenants, including this one. Bottom line, how much could you have legally raised the Sec...
by ResearchMed
Thu May 13, 2021 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Electric Enigma
Replies: 29
Views: 2205

Re: Electric Enigma

you could give up on the "she will pay for electricity" dodge and just raise her rent. We just raised her rent, from $660/mo to $750/mo. This is still well below market rate. Most of our tenants are paying between $906-$1100/mo for similar apartments. Ideally, we'd like her to pay about 1...
by ResearchMed
Thu May 13, 2021 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Electric Enigma
Replies: 29
Views: 2205

Re: Electric Enigma

1st step is to have an electrician evaluate the current set up and cost to separate circuits if needed. I think you better off in the long run with metering and tenant paid electric for each unit. You could get an energy hog in the unit (bitcoin miner or whatever) that could really hurt if you are ...
by ResearchMed
Thu May 13, 2021 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Electric Enigma
Replies: 29
Views: 2205

Re: Electric Enigma

I have a 3-family rental in Massachusetts. I've been paying electric for one of the Section 8 tenants on the second floor, but decided that, instead of raising her rent, she will pay her own electric starting on June 1. So, I sent her a letter, along with a new lease for her to sign. She signed it ...
by ResearchMed
Thu May 13, 2021 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Mother is looking to refinance and asking me to co-sign
Replies: 137
Views: 7602

Re: Mother is looking to refinance and asking me to co-sign

Yes part of the refi is to pay off the credit card balance. The term would be reset another 30 years. We still have no idea about the financial specifics, which makes it difficult to make reasonable suggestions. Far more importantly, you don't seem to know these specifics either. How much was the l...
by ResearchMed
Thu May 13, 2021 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Mother is looking to refinance and asking me to co-sign
Replies: 137
Views: 7602

Re: Mother is looking to refinance and asking me to co-sign

And again, people are ignoring the fact that if they sell the house, the boys' no longer have an inheritance. I assume she has no investments or estate to speak of outside of that house. Been there, done that. How many times must I repeat these points? Money is fungible. Equity in a home doesn't di...
by ResearchMed
Thu May 13, 2021 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Collecting on long-term care insurance
Replies: 15
Views: 1081

Re: Collecting on long-term care insurance

Depends on the policy. My parents covered $5/month for 36 months. You couldn’t start/stop it and if you only had $2.5k in expenses that is all that was reimbursed so you lost $2.5k of the benefit that month, it wasn’t added to the end or another month. Because of this, as a family, we self insured ...
by ResearchMed
Wed May 12, 2021 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Mother is looking to refinance and asking me to co-sign
Replies: 137
Views: 7602

Re: Mother is looking to refinance and asking me to co-sign

Your mother is the one that should be in this forum explaining her finances in detail and coming up with a plan to assess her current debt, her needed capital outlays, and her income and expenses moving forward. Until she takes responsibility for her current situation her financial life won’t impro...
by ResearchMed
Wed May 12, 2021 11:39 pm
Forum: Personal Investments
Topic: $5M Construction Project :confused
Replies: 62
Views: 5935

Re: $5M Construction Project :confused

I am putting $500K and my friend $500K and financing rest of costs Thanks for the clarification. Even with those numbers, the basic ideas and concepts of what I posted previously still are fairly valid. Good luck on this. j :D Appreciate your thoughtful response above. You asked above why I am cons...
by ResearchMed
Wed May 12, 2021 11:32 pm
Forum: Personal Investments
Topic: self directed brokerage from tiaa-cref in 403b
Replies: 1
Views: 240

Re: self directed brokerage from tiaa-cref in 403b

has anyone used self directed brokerage from tiaa-cref in 403b/457 ? what are your thoughts on the self directed option ? is is better than a regular retirement account ? is one allowed to use options in a self directed account ? https://www.tiaa.org/public/pdf/forms/SDA_Customer_Account_Agreement....
by ResearchMed
Wed May 12, 2021 8:27 pm
Forum: Personal Investments
Topic: $5M Construction Project :confused
Replies: 62
Views: 5935

Re: $5M Construction Project :confused

Who is the 'private lender"? Terms of loan? Deadlines for repayment? Why is he not getting (or able to get) conventional financing? And VERY importantly, what percent of your net worth - and separately, your liquid holdings - does this involve? How would you fare if you lose it all (not to ment...
by ResearchMed
Wed May 12, 2021 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Seller wants to back out contract
Replies: 46
Views: 5307

Re: Seller wants to back out contract

Thanks for the insights. Yes, the person is (somewhat?) elderly so I’m inclined to be more accommodating. I was told back surgery. I’m not inclined to go lawsuit to compel unless I get the feeling I’m being scammed. I did get the unit under asking so both my agent and I are kinda wondering what’s r...
by ResearchMed
Wed May 12, 2021 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Adding Medicare Part B (already have Part A)
Replies: 9
Views: 729

Re: Adding Medicare Part B (already have Part A)

I am avoiding Medicare Advantage like the plague. It looks like Medigap Plan G is the way to go now. Be sure to consider whether G high deductible might work for you. I am 72, and my G-HD premium is <$50. Part D plan is <$7. So, with the Medicare Part B premium I am paying only ~$200/mo for healthc...
by ResearchMed
Wed May 12, 2021 6:55 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 5151
Views: 1332242

Re: What Book Are You Currently Reading? Part VI

Land: How the Hunger for Ownership Shaped the Modern World , by Simon Winchester. Excellent. Very readable, "page-turner" doesn't sound right for nonfiction, but it is. I thought it lacked coherence, though. It isn't a grand integrated overview. It is more like a collection of thirty exce...
by ResearchMed
Wed May 12, 2021 6:46 pm
Forum: Personal Investments
Topic: How to protect against "Transitory" Inflation
Replies: 13
Views: 1345

Re: How to protect against "Transitory" Inflation

In another thread, mention has been made that the "current inflation" is seemingly not unexpected now, as it's here, etc., if I have that right; the expected vs unexpected is still a bit vague in my mind). So... IF *this* inflation is "transitory", does that mean that "futur...
by ResearchMed
Wed May 12, 2021 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Mother is looking to refinance and asking me to co-sign
Replies: 137
Views: 7602

Re: Mother is looking to refinance and asking me to co-sign

Was she married (to the same person) for at least 10 years? If so, she may quaify for spousal SS income, which may be more than her own benefits if she doesn't have a full employment history, And correct, do not co-sign. Too many actual or possible down-sides. The credit card debt... is she still ch...
by ResearchMed
Wed May 12, 2021 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Selling Condo - Max Interest Rate on Offer
Replies: 4
Views: 564

Re: Selling Condo - Max Interest Rate on Offer

Does the pre-approval show a lock and deadline on that rate? If not, you could find out that the rate wasn't 'low enough', and you'd have no recourse. At the least, have a relatively short time for the financing contingency, and have a decent amount of earnest money, something that the buyer wouldn'...
by ResearchMed
Wed May 12, 2021 10:27 am
Forum: Personal Consumer Issues
Topic: Moving with 2 cats
Replies: 53
Views: 3112

Re: Moving with 2 cats

How much time do you have before the move? (sorry if I missed/forgot that) If the cats have never been in the carrier before, or if they don't like it, then I'd start by putting a special treat inside and just let them find it by smell. If no takers early on, then put the treat right at the front ed...
by ResearchMed
Tue May 11, 2021 8:58 pm
Forum: Personal Consumer Issues
Topic: Moving with 2 cats
Replies: 53
Views: 3112

Re: Moving with 2 cats

Hi everyone, We will be moving from NY to Florida, plan on doing the ride in 2 days, but we have two cats that haven’t been on a road trip and I’m really worried about the whole trip, plus a night in a motel, then a néw home for them. Any suggestions would be so appreciated... I think I’m needing V...
by ResearchMed
Tue May 11, 2021 7:12 pm
Forum: Personal Investments
Topic: Advice on Funding Assisted Living
Replies: 28
Views: 1398

Re: Advice on Funding Assisted Living

I should have added that we just went through something like this with MIL. We moved her to an Assisted Living Facility (ALF) about 6 years ago. She had a collection of carefully hoarded CD's, so she was able to get into one of the best facilities near us. They agreed to keep her if she ran out of m...
by ResearchMed
Tue May 11, 2021 6:58 pm
Forum: Personal Investments
Topic: Advice on Funding Assisted Living
Replies: 28
Views: 1398

Re: Advice on Funding Assisted Living

I went through having to place my Grandmother in a nursing home in the 1980's and my Mom in a nursing home in the early 2010's and agree with those suggesting that you spend down your Mom's funds before contributing any of your money. Two reasons: First, my state (CA) has a program where, if someon...
by ResearchMed
Tue May 11, 2021 12:46 pm
Forum: Personal Investments
Topic: Advice on Funding Assisted Living
Replies: 28
Views: 1398

Re: Advice on Funding Assisted Living

For starters, given her relatively substantial assets (vs. some who post here with parents who clearly do not have enough to live on, etc.), why are you *now* paying $500 (or anything) per month? Maybe she won't outlive her resources... In that case, then it would be time to consider whether/how muc...
by ResearchMed
Mon May 10, 2021 8:06 pm
Forum: Personal Investments
Topic: Rolling over a 403(b) while still employed?
Replies: 13
Views: 982

Re: Rolling over a 403(b) while still employed?

Whether you can remove money from a 403b while stil employed by that employer depends upon the rules of your/your employer's particular plan.
Check with your HR Benefits group.

I don't think it's too common, but again, it's up to your employer as to how their own rules are set up.

RM
by ResearchMed
Mon May 10, 2021 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Cheaper house and private school or more expensive house and public school?
Replies: 35
Views: 2518

Re: Cheaper house and private school or more expensive house and public school?

In my city, you will pay a pretty penny more to be in the *suburban* areas (excl downtown/urban areas) with stellar schools vs suburban areas with poorly rated schools (even if the area itself is "nice"). What makes more sense - to shell out an additional $150,000 (or $XXXXX) on home pric...
by ResearchMed
Mon May 10, 2021 10:26 am
Forum: Personal Consumer Issues
Topic: Suggestions for 95-yr old MIL's new assisted living apartment
Replies: 56
Views: 6657

Re: Suggestions for 95-yr old MIL's new assisted living apartment

UPDATE, several years later... My, time does fly. I didn't realize quite how long ago all of this was. I've posted a few other places, but to summarize our journey, we found a very nice place and we moved MIL. We used the "elder moving services" which seem to be increasingly common. One w...
by ResearchMed
Mon May 10, 2021 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Helping in-laws with Senior Care Home Facilities
Replies: 16
Views: 1253

Re: Helping in-laws with Senior Care Home Facilities

I atarted a long thread several years ago, about our search for a facility for very elderly MIL. (I'll try to find it and post a link here.) In any even, do a search here on BH for " assisted living ", and you'll probably get quite a few other threads and posts about what others have exper...