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Re: settling estate with negative net worth

My wife's mother is expected to pass away very soon and my wife will be estate executor. She is in a nursing home on full Medicaid and Medicare. Assets will be ~$200 cash and a cash value cremation life insurance policy worth about $500 more than actual final cremation expenses. Current liabilities...
by Ged
Sat Apr 19, 2014 12:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: settling estate with negative net worth
Replies: 3
Views: 354

Re: Amazon.com prices change quickly

Yes, use camelcamelcamel. Prices change frequently because of competition and manufacturer's specials. There is a certain woodworking clamp that I use a lot, and I know every year there is a half off sale for a few weeks in the fall. That's when I stock up. This is not your grandfather's retail mark...
by Ged
Fri Apr 18, 2014 9:07 pm
 
Forum: Personal Consumer Issues
Topic: Amazon.com prices change quickly
Replies: 31
Views: 2201

Re: Keep passwords in USB thumb drive: good idea?

One thing to be concerned about with the 'passwords in excel' idea is the concept of screen loggers. That is virii that take screen snapshots periodically and transfer them to a mothership. Tools like Keepass provide protection against that because they do not provide displays of the password list i...
by Ged
Thu Apr 17, 2014 3:00 pm
 
Forum: Personal Consumer Issues
Topic: Keep passwords in USB thumb drive: good idea?
Replies: 43
Views: 1955

Re: Mother Of Bog! I'm Uncertain/Frightened To Buy Fund

AlaskanWolf wrote:But at 1%...


Too much. You should be able to get into DFA funds for 0.25%.

In any case the other approaches being discussed here, SPIA or Vanguard Funds are more appropriate for your needs.
by Ged
Tue Apr 15, 2014 9:45 am
 
Forum: Investing - Help with Personal Investments
Topic: I Really Would Appreciate Your Advice!
Replies: 72
Views: 2681

Re: Bitcoin knockoff

It's still just binary code. Yeah, what did Buffet say about gold? Useless yellow metal that you dig out of one hole in the ground and pay people to keep in another hole in the ground? Money is a useful abstraction, but at the end of the day, no matter what kind of money you use that's all it is, a...
by Ged
Mon Apr 14, 2014 10:04 pm
 
Forum: Investing - Theory, News & General
Topic: Bitcoin knockoff
Replies: 6
Views: 647

Re: The slackening...

Being born into wealth might not always give you the same fire in the belly. Of course, there are exceptions to every rule. My father was somewhat more successful in terms of his career than I was. He certainly had a lot more ambition than I did. When he retired he was director of a large scientifi...
by Ged
Sun Apr 13, 2014 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: The slackening...
Replies: 57
Views: 5798

Re: The slackening...

My son grew up hearing his mother (an epidemiologist) and me (a psychologist) always talking about research and research design. When he was 10, a teacher asked him what he could learn from the parable of the Good Samaritan. He replied, "You can't generalize from a sample size of one!" Ye...
by Ged
Sun Apr 13, 2014 12:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: The slackening...
Replies: 57
Views: 5798

Re: 24, New Job w/ Pension

[color=purple]The pension is 30 years in the future. Don't count on being there that long. If you contribute to the Traditional 457b you can contribute more because of the tax deduction. I would agree with this, perhaps tempered with the idea that you can consider benefits that are currently vested...
by Ged
Sun Apr 13, 2014 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: 24, New Job w/ Pension
Replies: 4
Views: 699

Re: suggestion for awd luxury sedan

Since you are happy with Lexus why switch?
by Ged
Sun Apr 13, 2014 9:53 am
 
Forum: Personal Consumer Issues
Topic: suggestion for awd luxury sedan
Replies: 39
Views: 2871

Re: Scientists Trying to Create Human Heart With 3D Printer

Yes, and with higher medical costs.
by Ged
Sat Apr 12, 2014 9:50 pm
 
Forum: Personal Consumer Issues
Topic: Scientists Trying to Create Human Heart With 3D Printer
Replies: 4
Views: 525

Re: Income for no capital gains tax

Do you have other investments with losses that you can sell to counterbalance these gains?
by Ged
Sat Apr 12, 2014 8:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Income for no capital gains tax
Replies: 16
Views: 727

Re: heartbleed - widespread internet security problem

Based on the explanation of the bug, I can't believe the idiot programmers allowed it in the first place. The people who put this in and reviewed the code change are PhDs with long experience in this field. They are some of the best people the human race can offer. Humans though are not perfect and...
by Ged
Sat Apr 12, 2014 12:58 pm
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 16024

Re: Transitioning From Commissioned Adviser (& non-traded RE

Having these in an IRA may not be a silver lining if you end up taking losses on them. Sometimes these pigs experience a 'liquidity event', providing an escape hatch. Check the SEC filings for the prospects of this happening. Don't listen to the broker on this topic. Oh yes, if you are re-investing ...
by Ged
Sat Apr 12, 2014 11:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Transitioning From Commissioned Adviser (& non-traded REITs)
Replies: 10
Views: 511

Re: What Book Are You Currently Reading? Part V

Anyone who places a series on par with Dune and The Left Hand of Darkness (I've read both), gets high marks for me. I'll put it on my list, maybe next. Startide Rising caught lightning in a bottle, sort of like Dune did. The rest of the series is not at the same level, although Uplift War is a good...
by Ged
Fri Apr 11, 2014 10:48 am
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 2626
Views: 598147

Re: Do you think the biotech sector will be hurt long term?

If this is all true then we are incredibly foolish for not specifically investing in the biotech sector, or overweighting it in our portfolio. With trillions in monopolies and subsidies it should be a cash cow that almost guarantees good returns. You forget how the Efficient Market works. These fac...
by Ged
Thu Apr 10, 2014 7:57 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 32
Views: 1647

Re: Amazon Prime Increase

Amazon ended Free Super Saver Shipping in most of Europe April 3. It's available only in the British Isles and Ireland now.
by Ged
Thu Apr 10, 2014 7:27 pm
 
Forum: Personal Consumer Issues
Topic: Amazon Prime Increase
Replies: 185
Views: 7618

Re: Do you think the biotech sector will be hurt long term?

Not everyone believes the cost of developing a new drug is in the billions.

http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2630351/
by Ged
Thu Apr 10, 2014 3:40 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 32
Views: 1647

Re: heartbleed - widespread internet security problem

Are/were only some versions or implementations of OpenSSL vulnerable? Correct. The vulnerable versions of OpenSSL were first released in 2012. But not all users and distributors of the software necessarily try to stay on the bleeding edge. (Pun intended.) For example, the OpenSSL version distribute...
by Ged
Thu Apr 10, 2014 1:08 pm
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 16024

Re: Do you think the biotech sector will be hurt long term?

The high cost of the new Hep C drugs have caused an international stir.

http://www.npr.org/blogs/health/2014/04 ... epatitis-c

Worldwide there are many millions of people with this disease.
by Ged
Wed Apr 09, 2014 5:25 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 32
Views: 1647

Re: Which parts of the financial industry are improving?

Improving: Availability of information on passive investing, and the tools needed for individuals to implement it. Not improving: I think the worst part of what's left is the poor quality employer tax deferred savings plans. Insurance company run 401k's, 403b's etc. are some of the biggest ripoffs i...
by Ged
Tue Apr 08, 2014 1:22 pm
 
Forum: Investing - Theory, News & General
Topic: Which parts of the financial industry are improving?
Replies: 10
Views: 818

Re: What Book Are You Currently Reading? Part V

If you guys like science fiction, check out David Brin's Uplift Universe... Start with Startide Rising I'd highly recommend Startide Rising as well. I've been reading SciFi at a pretty good rate for 50 years now, and to my taste anyway Startide Rising is in the very top group along with Dune and Le...
by Ged
Mon Apr 07, 2014 9:50 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 2626
Views: 598147

Re: Could this be the season of the HFT tax?

The big problem with coming up with a remedy is finding something that won't cause the exchanges to move elsewhere with concomitant job loss. How many people does the NYSE employ in their big box of servers and fiber in Mahwah? I'm not seeing any openings posted right now... Isn't the total number ...
by Ged
Mon Apr 07, 2014 7:14 pm
 
Forum: Investing - Theory, News & General
Topic: Could this be the season of the HFT tax?
Replies: 10
Views: 484

Re: Could this be the season of the HFT tax?

The big problem with coming up with a remedy is finding something that won't cause the exchanges to move elsewhere with concomitant job loss. England has a stamp duty tax on stock transfers. They continue to be a major financial center. Whether the revenue from a US tax would help create more jobs ...
by Ged
Mon Apr 07, 2014 7:05 pm
 
Forum: Investing - Theory, News & General
Topic: Could this be the season of the HFT tax?
Replies: 10
Views: 484

Re: Could this be the season of the HFT tax?

The big problem with coming up with a remedy is finding something that won't cause the exchanges to move elsewhere with concomitant job loss.
by Ged
Mon Apr 07, 2014 6:01 pm
 
Forum: Investing - Theory, News & General
Topic: Could this be the season of the HFT tax?
Replies: 10
Views: 484

Re: California Taxes - Am I Missing Something?

With a Tesla you actually get a break because you don't pay gas taxes. Maybe that's why they are so popular in CA.
by Ged
Mon Apr 07, 2014 2:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 7950

Re: The Unthinkable Disaster: What If Your Account Disappear

I'd like to explain that I'm not an end-of-civilization type who's holed up in a basement surrounded by Spam, bottled water, and clutching a shotgun. Maybe not yet, but you are heading in that direction. I would be spending my time worrying about higher probability events, say like asteroid impact ...
by Ged
Sun Apr 06, 2014 6:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: The Unthinkable Disaster: What If Your Account Disappeared?
Replies: 43
Views: 4435

Re: How are you preparing for the coming bear market

There's always a bear market coming. Since I just recently retired I'm going into a period where I expect rather high cash demands because I'm delaying SS and doing ROTH conversion. I've cut back to 30% stocks. I think of it as liability matching, not market timing. If it coincides with a bear marke...
by Ged
Sat Apr 05, 2014 11:47 pm
 
Forum: Investing - Theory, News & General
Topic: How are you preparing for the coming bear market
Replies: 104
Views: 7787

Re: Two Apartments, One FiOS Account

Multimode Fiber Cable 100Base-FX is good for 6000 ft.
by Ged
Fri Apr 04, 2014 8:52 pm
 
Forum: Personal Consumer Issues
Topic: Two Apartments, One FiOS Account
Replies: 15
Views: 1149

Re: I accidentally discovered a coworkers salary... now what

I would keep my mouth shut about what I saw and where I saw it.

As far as salary goes I'd start looking for another job.
by Ged
Fri Apr 04, 2014 8:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: I accidentally discovered a coworkers salary... now what?
Replies: 59
Views: 5442

Re: How did you determine your "number" for retirement

I worked until I couldn't stand it any more.

That's when I knew what my number was.
by Ged
Thu Apr 03, 2014 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you determine your "number" for retirement
Replies: 51
Views: 3293

Re: Laid Off at 53.5...need better allocation...how to get t

I was laid off when I was 49. I know it's pretty traumatic so remember that you are lucky - in family and you have enough to get by on right off. Not everyone has that. Overall I think our financial positions were somewhat similar. While my pension wasn't as nice as yours, my wife was making more th...
by Ged
Wed Apr 02, 2014 8:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Laid Off at 53.5...need better allocation...how to get there
Replies: 22
Views: 2395

Re: The Coming Financial Crisis-Another Guru Has Spoken

Leesbro63 wrote:I like to find out about these gurus who predict doom. What is the scoop on "Al Lewis"? (Wasn't he grandpa Munster?)


Was is the operative word. The Al Lewis who played Grandpa Munster passed away in 2006.
by Ged
Sun Mar 30, 2014 10:11 pm
 
Forum: Investing - Theory, News & General
Topic: The Coming Financial Crisis-Another Guru Has Spoken
Replies: 5
Views: 1055

Re: Tree stump removal

For 5-6" I'd be doing approach #1 - cut at ground level and, follow up with a beefy power drill and some stump remover from HD.

However if you have aspirations for a golf course quality lawn right away you might want to rent a grinder.
by Ged
Sun Mar 30, 2014 12:06 pm
 
Forum: Personal Consumer Issues
Topic: Tree stump removal
Replies: 25
Views: 1729

Re: [High-frequency trading hurts regular customers]

This article makes the claim that HFT is not particularly profitable any more. I tend to believe it because it's a characteristic of the market to arbitrage away any inefficiencies. http://www.businessweek.com/articles/2013-06-06/how-the-robots-lost-high-frequency-tradings-rise-and-fall My main conc...
by Ged
Fri Mar 28, 2014 10:08 pm
 
Forum: Investing - Theory, News & General
Topic: [High-frequency trading hurts regular customers]
Replies: 107
Views: 6219

Re: Buying a house with a partner, not married

Rent for at least a couple of years. A lot of marriages break up in the early years before there are kids.
by Ged
Fri Mar 28, 2014 6:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a house with a partner, not married
Replies: 23
Views: 1327

Re: Thinking About a New Laptop

Also, FWIW, recent research indicates that ASUS and Toshiba are the most reliable laptops. Lenovo is middle-of the-pack. The problem with this sort of research is they never break it down by model or even type. There is a lot of difference between the low end Lenovo machine and the higher end model...
by Ged
Thu Mar 27, 2014 9:24 pm
 
Forum: Personal Consumer Issues
Topic: Thinking About a New Laptop
Replies: 45
Views: 2356

Re: Thinking About a New Laptop

I appreciate you telling me that. What program did you use to store the photos on your Windows based machine? I'm using Nikon Capture NX2. I believe there is a version of NX2 for Macs. However that doesn't mean the internal data storage format is the same so you may have to do some further research...
by Ged
Thu Mar 27, 2014 6:51 pm
 
Forum: Personal Consumer Issues
Topic: Thinking About a New Laptop
Replies: 45
Views: 2356

Re: Offering internet access to addition to our home

Can a spliter be used but would I need a second modem which would need to be activated by the cable provider? Thank you in advance. fredd Yes, you can use a splitter and 2nd modem, which would of course give rise to additional charges when activated. To do it completely legally you should talk to y...
by Ged
Thu Mar 27, 2014 5:20 pm
 
Forum: Personal Consumer Issues
Topic: Offering internet access to addition to our home
Replies: 11
Views: 777

Re: Auto repair - "Threads getting thin in oil pan drain plu

This is not uncommon, especially on older car. Threads do wear out. However, if you have a trusted local mechanic, getting it replaced there would likely be less expensive than having it done at the dealership. This is not a major / complicated job so any competent mechanic should be able to do it....
by Ged
Thu Mar 27, 2014 10:33 am
 
Forum: Personal Consumer Issues
Topic: Auto repair - "Threads getting thin in oil pan drain plug"
Replies: 40
Views: 1769

Re: New Housing Bubble and upcoming cycle peak

Case Schiller 20 city index currently shows overall (not just new) home prices nationally to be at 2004-2005 levels. That not quite bubble territory yet. And price growth seems to be flattening. New home construction is still well below normal levels and builders are concentrating on upscale homes b...
by Ged
Wed Mar 26, 2014 10:53 am
 
Forum: Investing - Theory, News & General
Topic: New Housing Bubble and upcoming cycle peak
Replies: 74
Views: 6351

Re: IRS: bitcoins are property for tax purposes in U.S.

OK, so that doesn't help much. A key question is whether it's treated as a collectible subject to ordinary taxes, or a capital asset where capital gains treatment is available.

Anyone know?
by Ged
Tue Mar 25, 2014 5:55 pm
 
Forum: Investing - Theory, News & General
Topic: IRS: bitcoins are property for tax purposes in U.S.
Replies: 26
Views: 1963

Re: Donor Advised Funds

I have one with Fidelity. I find it very useful for maximizing the tax benefits of my charitable giving.
by Ged
Mon Mar 24, 2014 10:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Funds
Replies: 56
Views: 2042

Re: Amazon Prime Increase

My household has made almost 600 different orders on Amazon since 2011, not including digital orders. Prime is a no-brainer for us. That's pretty similar to the number of orders I place on Amazon. I started in 1997 when they were books only and increased my number of orders every year until last ye...
by Ged
Sun Mar 23, 2014 9:11 pm
 
Forum: Personal Consumer Issues
Topic: Amazon Prime Increase
Replies: 185
Views: 7618

Re: IRS Refund Fraud

The first time I filed electronically using TurboTax I obtained a PIN that I've been using every year since. As far as I know there has never been a fake return successfully filed under my name. It seems to me that this pretty likely to prevent fake returns. If I was concerned about refund fraud it ...
by Ged
Sun Mar 23, 2014 8:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS Refund Fraud
Replies: 41
Views: 3178

Re: Advice on restructuring elderly parents portfolio

Selling the losers is a good idea. I would prioritize using these losses to offset taxes on income rather than capital gains from asset sales since in a few years you are likely to have a step up in basis anyway. Something else to keep in mind - at end of life you may also have high medical costs th...
by Ged
Sun Mar 23, 2014 11:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice on restructuring elderly parents portfolio
Replies: 19
Views: 1300

Re: best way to buy jewelry?

I used to occasionally buy my wife jewelry. She rarely wore it, and eventually told me to stop buying jewelry for her. When my mother passed away she declined to accept a share of her jewelry. What she does wear is basically folk art made from materials indigenous to the country she grew up in. It i...
by Ged
Fri Mar 21, 2014 10:21 pm
 
Forum: Personal Consumer Issues
Topic: best way to buy jewelry?
Replies: 28
Views: 1842

Re: 25 year old speeding ticket

In 1988 while on Fed Gov't business I received a speeding ticket in NM while driving a rental car. i paid the ticket and thought that was over. I have handed in my retirement papers and personnel (Still Gov't) tells me the fine was not paid and I have to pay the fine $115 plus over $2200 in interes...
by Ged
Fri Mar 21, 2014 11:46 am
 
Forum: Personal Consumer Issues
Topic: 25 year old speeding ticket
Replies: 23
Views: 2373

Re: Need advice on lawn not being taken care last year

I have a house to be rent out in New Jersey. Call Rutgers before you do anything. http://njaes.rutgers.edu/garden/ Seriously, they are great. My lawn care regime has benefited tremendously from their advice. The best lawn care advice comes from State University Agricultural Stations. They are local...
by Ged
Fri Mar 21, 2014 10:06 am
 
Forum: Personal Consumer Issues
Topic: Need advice on lawn not being taken care last year
Replies: 11
Views: 1321

Re: Buying new phone outright vs 2 yr contract + ETF

I'd like to plant you here in our remote rural area surrounded by mountains and let you find me a cheap plan for 1/10 of what I'm paying now. Not an obstacle in any way. You have been captured by Verizon and Apple marketing. There are a number of MNVOs that use Verizon's network, and many perfectly...
by Ged
Fri Mar 21, 2014 10:00 am
 
Forum: Personal Consumer Issues
Topic: Buying new phone outright vs 2 yr contract + ETF
Replies: 45
Views: 1843
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