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Re: Purchasing public pension benefits

I always ask WHY? WHY, WHY, WHY is Washington offering this? Is it one of those things that are beneficial to employees and obtained in union contracts or is the pension fund running short and they want the immediate funds in exchange for payments later, cue when the current folks in office are not ...
by Calm Man
Mon Jul 28, 2014 8:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Purchasing public pension benefits
Replies: 8
Views: 433

Re: Nanny/Household Employee Payroll Company

Be aware that a whole bunch of nannies can't go through these services because they are not here legally. When we had nannies many years ago, that was the time when some woman nominated to be the US Attorney general turned out to be gaming the system. It would have been funny if it wasn't so sad. I ...
by Calm Man
Mon Jul 28, 2014 6:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Nanny/Household Employee Payroll Company
Replies: 8
Views: 445

Re: Do I need umbrella insurance?

Phooey,
In order to answer your question, actually for you to even ask the question, you need to specify what you are looking for Umbrella insurance to cover. You say that you own no home. You own no car. What are you going to insure against?
by Calm Man
Mon Jul 28, 2014 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I need umbrella insurance?
Replies: 6
Views: 565

Re: Cell phone control devices for teen drivers?

OP, I see the bind you are in. You are pleasantly honest in acknowledging that the young lady is going to ignore whatever you tell her so you want a fail safe system. I have a similar work colleague, actually more of a dear friend. For privacy purposes I cannot send you the link. Needless to say, th...
by Calm Man
Mon Jul 28, 2014 4:01 pm
 
Forum: Personal Consumer Issues
Topic: Cell phone control devices for teen drivers?
Replies: 19
Views: 763

Re: Taking out mortgage with zero down. Smart or no?

The difference between somebody making a down payment or not is that if there is no down payment, and hence less to lose if anything, one is more likely to default. Think about your willingness to walk away from a house with no money down or one with 30% or 50% down. Your simplistic assumptions are...
by Calm Man
Mon Jul 28, 2014 2:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking out mortgage with zero down. Smart or no?
Replies: 49
Views: 1815

Re: Taking out mortgage with zero down. Smart or no?

I am totally confused. I thought that lending standards were tightened after the last real estate crash to prevent just this -- people buying houses with no skin in the game. I recognize that this is a veteran but can't veteran's run into financial troubles and default on loans? Who underwrites thi...
by Calm Man
Mon Jul 28, 2014 1:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking out mortgage with zero down. Smart or no?
Replies: 49
Views: 1815

Re: Cell phone control devices for teen drivers?

OP, I more than agree with you. I am not exactly sure how to assure compliance. Obviously you tell her that there is to be absolutely no use of the cell phone when driving. Period. And maybe share some stories or articles about deaths occurring. Also, I would definitely tell her that if she ever is ...
by Calm Man
Mon Jul 28, 2014 1:49 pm
 
Forum: Personal Consumer Issues
Topic: Cell phone control devices for teen drivers?
Replies: 19
Views: 763

Re: Taking out mortgage with zero down. Smart or no?

I am totally confused. I thought that lending standards were tightened after the last real estate crash to prevent just this -- people buying houses with no skin in the game. I recognize that this is a veteran but can't veteran's run into financial troubles and default on loans? Who underwrites this...
by Calm Man
Mon Jul 28, 2014 1:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking out mortgage with zero down. Smart or no?
Replies: 49
Views: 1815

Re: Should I become a CFP?

OP, I think you are neglecting a factor. When companies give employees "opportunities" to take a years' pay and disappear, that often (but not always) is followed by involuntary "opportunities".
by Calm Man
Sun Jul 27, 2014 10:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I become a CFP?
Replies: 9
Views: 1120

Re: Vanguard sued for charging too little

No way the guy will win. I have to figure that between teh various federal attorneys, a whole bunch of them own Vanugard funds. And if the guy wins? So Vanguard will first discontinue it's charitable giving, raise it's expense ratio as needed and distribute less in dividends. So I guess the guy Vang...
by Calm Man
Sun Jul 27, 2014 10:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 105
Views: 9213

Re: Transition from residency to attending - Portfolio revie

Congratulations on finishing your residency. Why are you waiting a year to become an attending?
by Calm Man
Sun Jul 27, 2014 1:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Transition from residency to attending - Portfolio review
Replies: 9
Views: 951

Re: Is tax deferment overvalued?

Fortunately, the estate tax laws are not such that a person with a billion or a hundred million or any amount over the estate tax threshold simply passes everything to heirs estate tax free AND a stepped up cost basis. Doesn't happen. But to your primary thesis, I concur with your question. Not so m...
by Calm Man
Sun Jul 27, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is tax deferment overvalued?
Replies: 20
Views: 2173

Re: Vanguard sued for charging too little

Isn't Vanguard a non profit?
Isn't the federal government's retirement savings plan operated this way?
by Calm Man
Sun Jul 27, 2014 12:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 105
Views: 9213

Re: Buying a Home - Town permit records don't match disclosu

This has been a good thread to read and I have pariticpated in it. Reading the OPs last response (a few above this) and all of them, it is entirely unclear to me why he sought any advice as he has dismissed everything. That does not detract from the value of the thread to others of course and I have...
by Calm Man
Sun Jul 27, 2014 12:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 55
Views: 3164

Re: A question on long term care insurance

OP, I would be quite comfortable that Genworth will pay whatever they say the will pay in the policy. Unfortunately I would be quite uncomfortable that rate increases will increase more than you have now experienced. Read about the LTC policies and how many companies have dropped issuing new policie...
by Calm Man
Sat Jul 26, 2014 7:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: A question on long term care insurance
Replies: 18
Views: 918

Re: Advice please... [How to fund tuition, pay down debt]

I admire that you are making a career switch to enhance your life at this "later" stage of life. OP, you will get good advice here on the debts and the order. From me you will get life advice, want it or not. I'd get to nursing school ASAP. You are getting older and wll take a bunch of yea...
by Calm Man
Sat Jul 26, 2014 7:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice please... [How to fund tuition, pay down debt]
Replies: 3
Views: 302

Re: Buying a Home - Town permit records don't match disclosu

I owned a house from 1994 to 2002. Around 1996, I did a ton of work, never having gotten a single permit. I finished the third floor which entailed adding a bedroom, adding a bathroom and finished a huge open area. My only excuse was I was 21 when I bought the house and not the most sophisticated h...
by Calm Man
Sat Jul 26, 2014 7:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 55
Views: 3164

Re: slowly turning Boglehead...help me with my next step

Frankly (and this is my tendency about working woman) you and your wife will get much more financial security and returns on the income side than tweaking the investment side. Unless she is physically or mentally handicapped, why would a woman in her mid 40s with no kids and 1 husband not be working?
by Calm Man
Sat Jul 26, 2014 3:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: slowly turning Boglehead...help me with my next step
Replies: 8
Views: 973

Re: Pay a stay-at-home spouse, fund a solo-401k?

I think it would be better for your wife to work and have her own 401K account and ability to carry on with employment during her lifetime at a level she deserves. Your initial premise though is obviously off as there are other services you could pay for as well that a spouse does - preparing dinner...
by Calm Man
Sat Jul 26, 2014 3:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay a stay-at-home spouse, fund a solo-401k?
Replies: 9
Views: 1195

Re: Buying a Home - Town permit records don't match disclosu

The town's records rules. Doesn't matter what the seller or contractors say. I would back out unless you can get the permits (if they ever existed) or get the town to waive them. I agree that this could be a big problem down the road for you. Right now, before finalizing the purchase, you have leve...
by Calm Man
Sat Jul 26, 2014 2:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 55
Views: 3164

Re: Buying a Home - Town permit records don't match disclosu

Not sure I would care. Might be able to use as a bargaining chip to get the price down. If you really want the house this isn't going to change anything, you are still going to close. Hope when OP gets ready to sell some years down the road his potential buyers will be as forgiving. I sure wouldn't...
by Calm Man
Sat Jul 26, 2014 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 55
Views: 3164

Re: Buying a Home - Town permit records don't match disclosu

OP, you are of course free to defend your actions before or after you make this transaction. You started out with a list of the changes made by the current owners. How do you know this? Well you check for the permits. Not there. You wave inspection on a house that is about 100 years old and the real...
by Calm Man
Sat Jul 26, 2014 2:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 55
Views: 3164

Re: Treasury Direct--just blowing off steam

TIPS are probably close enough. Not for me. Real yield on TIPS is negative beyond 5-year maturities, and that comes with significant interest-rate risk. I Bonds have essentially no term risk. And between us, is the purchase or lack or purchase of I bonds going to materially affect the financial wel...
by Calm Man
Fri Jul 25, 2014 10:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct--just blowing off steam
Replies: 58
Views: 4053

Re: 401k rollover screw up, what to do

Given that you have over 5 million dollars in the account, indeed you need to stay on top of this one. I normally suggest letting things slide but 5 MM is a lot. Good luck.
by Calm Man
Fri Jul 25, 2014 9:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k rollover screw up, what to do
Replies: 10
Views: 637

Re: advise for 24 y/o who just bought Index Universal Life

OP,, no good deed goes unpunished. But partial deeds are good. You are not her investment adviser, financial planner nor her father. And if she is a co-worker I am going to assume she is mentally competent. Why don't you refer her to this forum or even forward her this thread and let her do some res...
by Calm Man
Fri Jul 25, 2014 9:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: advise for 24 y/o who just bought Index Universal Life
Replies: 15
Views: 1051

Re: Wall Street Journal Subscription Increase

unless you have specific business needs requiring you to keep up with something (in which case the business would pay for it), what do you actually lose from your quality or pleasure of life by not reading it at all? I think you lose the theater reviews, book reviews, the analyses of works of art, ...
by Calm Man
Fri Jul 25, 2014 9:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wall Street Journal Subscription Increase
Replies: 24
Views: 1353

Re: Does severance pay reduce or relace unemployment benefit

OP, do what you must with finding this out. I will divert the thread a bit. More important than the few hundred a week she will get for 26 weeks is to have her find the next job. She will if she focuses her efforts in that direction. Good luck to her.
by Calm Man
Fri Jul 25, 2014 9:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does severance pay reduce or relace unemployment benefits?
Replies: 49
Views: 2585

Re: Treasury Direct--just blowing off steam

This is easy for me. Although I do not buy treasuries, if I did, I would be more than happy to pay Vanguard the 10 basis points or so and use a fund. As already pointed out, you cannot buy I Bonds (or EE Bonds) from Vanguard. You may happily not buy I Bonds from TD, but Vanguard won't take your mon...
by Calm Man
Fri Jul 25, 2014 9:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct--just blowing off steam
Replies: 58
Views: 4053

Re: Treasury Direct--just blowing off steam

This is easy for me. Although I do not buy treasuries, if I did, I would be more than happy to pay Vanguard the 10 basis points or so and use a fund. Regardless, I have an account with the federal government because I have no choice which is my tax account with the IRS. I would never voluntarily ent...
by Calm Man
Fri Jul 25, 2014 8:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct--just blowing off steam
Replies: 58
Views: 4053

Re: One of the simplest rational reasons why some should til

I don't know what category I am in and prefer not to put myself in one. I don't tilt. If I become super rich I will not tilt. If I become poor I will not tilt. I will not tilt. Seems like a waste of time to me.
by Calm Man
Fri Jul 25, 2014 6:41 pm
 
Forum: Investing - Theory, News & General
Topic: One of the simplest rational reasons why some should tilt
Replies: 42
Views: 3605

Re: Wall Street Journal Subscription Increase

I got the WSJ for about 20 years. I stopped 5 years ago. I have never missed it. When you think about it, unless you have specific business needs requiring you to keep up with something (in which case the business would pay for it), what do you actually lose from your quality or pleasure of life by ...
by Calm Man
Fri Jul 25, 2014 6:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wall Street Journal Subscription Increase
Replies: 24
Views: 1353

Re: FRS (Fl Ret Srv) Pension Option - Worth it?

I'd ask myself (or himself) WHY is Florida offering this? I presume the system needs the money. We will possibly be facing a new paradigm as to how states pay (or don't pay) pension benefits down the road. Sort of like Detroit although states won't have the state or a museum to contribute to the dea...
by Calm Man
Fri Jul 25, 2014 10:58 am
 
Forum: Investing - Help with Personal Investments
Topic: FRS (Fl Ret Srv) Pension Option - Worth it?
Replies: 10
Views: 653

Re: Verizon Issue advice

If you were owed one penny, would you be spending all this time? Determine what you value your time at. Principal is a relative term and I doubt you will change Verizon business practices. Just a suggestion - maybe better to mourn for your mother and drop this? I recently lost a father and the last ...
by Calm Man
Fri Jul 25, 2014 10:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Verizon Issue advice
Replies: 16
Views: 1250

Re: Please Help with Mom's Variable Annuity and Budget

Carter, A statement follows from me that is rare, but not never. The sister is evil. She has manipulated your mother into everything. There is some guilt she has laid on your mother probably. I cannot believe these people have two properties and 2 car loans. It sounds like they spend the nights watc...
by Calm Man
Thu Jul 24, 2014 9:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please Help with Mom's Variable Annuity and Budget
Replies: 13
Views: 835

Re: Mutual fund account with Vanguard or MerrillEdge?

If you would let bonuses be a consideration in your equation, I'd go with Merrill Edge and collect bonus. I don't do anything for 1-time bonuses investment-wise. Good luck.
by Calm Man
Thu Jul 24, 2014 5:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mutual fund account with Vanguard or MerrillEdge?
Replies: 30
Views: 1061

Re: Please Help with Mom's Variable Annuity and Budget

Sister certainly helps to suck mom dry with her spending and expecting mom to pay. In addition mom won't say no, and has been a spend thrift herself. She just recently started to panic now that the ship is sinking. Calm man, it looks like the Ira is tied to the VA...are you saying there is a way to...
by Calm Man
Thu Jul 24, 2014 12:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please Help with Mom's Variable Annuity and Budget
Replies: 13
Views: 835

Re: Buying a car- 2011 Lexus IS 250 9k miles

I think that a young man making 70K should spend as little as possible on a car, not buy himself a Lexus, even if used.
by Calm Man
Thu Jul 24, 2014 11:38 am
 
Forum: Personal Consumer Issues
Topic: Buying a car- 2011 Lexus IS 250 9k miles
Replies: 27
Views: 2028

Re: Please Help with Mom's Variable Annuity and Budget

Carter, This is so sad to see that I think most of us are in shock. Two adults living together, one a teacher no less, who are in such a mess. I guess they typical advice would be in order. To pay down debts, to spend as little as possible and to optimize the IRA. I"m not sure the VA is the way...
by Calm Man
Thu Jul 24, 2014 11:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Please Help with Mom's Variable Annuity and Budget
Replies: 13
Views: 835

Re: Do you split in-state and fed munis? If so, how?

My muni bonds are all invested in CA, not split across a national fund. I justify it as my muni holdings represent 10% of my overall portfolio. Avoiding the 9.3% CA tax hit makes the single state risk worthwhile for me. If you itemize, you should adjust the 9.3% state tax hit by your federal margin...
by Calm Man
Thu Jul 24, 2014 11:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you split in-state and national munis? If so, how?
Replies: 16
Views: 672

Re: Variable Annuity funding BY Cd's good or bad?

Calm Man Thank you ... that was my thinking also .... problem solved .... but just wanted confirmation. It is indeed my pleasure to actually help somebody !!! Let me take it further as you are likely rather young. Don't ever let little amounts bother you for anything. I have drummed this finally su...
by Calm Man
Wed Jul 23, 2014 10:19 pm
 
Forum: Investing - Theory, News & General
Topic: Variable Annuity funding BY Cd's good or bad?
Replies: 6
Views: 332

Re: Will not using my dishwasher cause problems?

I wouldn't sweat it. I just wouldn't use it at all. I lived in a house I owned for 9 years and never used the dishwasher as I lived alone. I sold the house and no hit squad ever came after me. I then lived with a wife for 2 years (that ended quickly) and she ran the dishwasher every day. It seemed t...
by Calm Man
Wed Jul 23, 2014 9:51 pm
 
Forum: Personal Consumer Issues
Topic: Will not using my dishwasher cause problems?
Replies: 41
Views: 1978

Re: Dumb 3rd grade math question about beach house rental

I must be out of my mind. I am sitting here thinking that either the person who did the inviting should pay it all, or, if it was agreed to split it, what difference does it make if one pair is there for 6 or 8 or 10 days? Does the cost differ materially except for maybe some less use of electricity...
by Calm Man
Wed Jul 23, 2014 9:38 pm
 
Forum: Personal Consumer Issues
Topic: Dumb 3rd grade math question about beach house rental
Replies: 49
Views: 3398

Re: Riding the Rails--my Amtrak trip

I am getting concerned reading about the delays. I hate planes. Did I say I hate planes. I only take them when I must and only for must business trips, which hopefully will be over soon. I am "spoiled" by Amtrak on the Northeast corridor which is not horrible although almost every time I a...
by Calm Man
Wed Jul 23, 2014 9:22 pm
 
Forum: Personal Consumer Issues
Topic: Riding the Rails--my Amtrak trip
Replies: 46
Views: 4419

Re: Variable Annuity funding BY Cd's good or bad?

OP, are you saying you are concerned about income taxes on $150 per month of CD income? That should be of no consequence as it is tiny.
by Calm Man
Wed Jul 23, 2014 9:15 pm
 
Forum: Investing - Theory, News & General
Topic: Variable Annuity funding BY Cd's good or bad?
Replies: 6
Views: 332

Re: Need Help and totally confused!!

I'm very sorry for your loss. I hope you don't mind if I do a little hijacking here. Every time one of our men talk about how the wife can't or won't learn anything about investing, I point out just what this poster is saying. And guess what? She's completely competent and can do fine. She has to le...
by Calm Man
Wed Jul 23, 2014 9:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Help and totally confused!!
Replies: 28
Views: 1780

Re: Do you split in-state and fed munis? If so, how?

I am in a minority. I only use CA IT TE. Many others recommend no more than 50% in CA, the rest in National. For me, most of my bonds are not in taxable, so the amounts just aren't that big. I think at the peak, I was 50% CA muni and 50% taxable in tax-deferred accounts (if you can make sense of ta...
by Calm Man
Wed Jul 23, 2014 9:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you split in-state and national munis? If so, how?
Replies: 16
Views: 672

Re: What's Golf Course Frontage Worth - Indianapolis

I once looked into one of these communities. The real estate agent was being very positive about being on a tee. I figured that having my back yard right near the tee would mean a whole bunch of people having no choice but to look at me all day if in the backyard, that I wold have to see them all da...
by Calm Man
Wed Jul 23, 2014 6:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: What's Golf Course Frontage Worth - Indianapolis
Replies: 19
Views: 1212

Re: Please help settle an argument

When one takes a car loan, one doesn't have title to the car. It hated that when I had a loan when I had my first car many years ago. Never again. We are in a world of low returns and low interest rates. Anything can go down in value just like up. If you have the cash, I say pay it. Quibbling about ...
by Calm Man
Wed Jul 23, 2014 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help settle an argument
Replies: 23
Views: 1944

Re: Riding the Rails--my Amtrak trip

Excellent report. Please keep posting.
For OP or others who have done something similar -- an itinerary with so many train segments is a lot to keep track of I guess. But for the conductors on the train, does one need to print out 12 "tickets" or how is this managed?
by Calm Man
Wed Jul 23, 2014 1:58 pm
 
Forum: Personal Consumer Issues
Topic: Riding the Rails--my Amtrak trip
Replies: 46
Views: 4419
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