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Re: Why a million may not be enough

I recently met a woman with a paid off condo who has no savings and is happily retired on what she gets from Social Security. I know 2 of these people, seem to be very active and happy. I look at them and it makes me question my working motives. My mother is in basically the same boat but owns nice...
by Jay69
Wed Apr 23, 2014 12:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why a million may not be enough
Replies: 33
Views: 4646

Re: Son or Daughter working with Mom or Dad?

Does your son need to struggle for a bit first to learn the difference between a blue collar job and a white collar job? No I don't think so, I do most everything myself from roofing the house, fixing cars, etc. Its just something I enjoy and have passed down to my kids to be self sufficient, they ...
by Jay69
Wed Apr 23, 2014 11:59 am
 
Forum: Personal Consumer Issues
Topic: Son or Daughter working with Mom or Dad?
Replies: 16
Views: 966

Re: Son or Daughter working with Mom or Dad?

One of my high schoolers worked for the company I work for, but she was well-qualified and did not report to me. I have also supervised interns who were children of my colleagues. There has never ever been any issue with Mom or Dad in these situations. The kid does not want to report to the parent ...
by Jay69
Wed Apr 23, 2014 11:52 am
 
Forum: Personal Consumer Issues
Topic: Son or Daughter working with Mom or Dad?
Replies: 16
Views: 966

Re: Son or Daughter working with Mom or Dad?

Are you sure your son would want to work with you? Many kids at that age might prefer to be away from their parents. I'm not completely sure but I do think so. I would not want him to feel like he has to work with me just because I'm his dad, I would want him to work here because he thinks it maybe...
by Jay69
Wed Apr 23, 2014 11:43 am
 
Forum: Personal Consumer Issues
Topic: Son or Daughter working with Mom or Dad?
Replies: 16
Views: 966

Son or Daughter working with Mom or Dad?

One of my kids is coming to the legal age to enter the workforce. I work for a very small less than 15 person engineering firm. I could hire our son to work at my office learning CAD, drawing, engineering, etc., it could be a great opportunity. If I was to guess he will do some kind of engineering b...
by Jay69
Wed Apr 23, 2014 10:14 am
 
Forum: Personal Consumer Issues
Topic: Son or Daughter working with Mom or Dad?
Replies: 16
Views: 966

Re: Electronic sheet music

Ah the good old days. I still have a ton of handwritten music from the band days, lots of good 70's and 80's tunes :wink: . If someone wanted to learn a new tune they had to write out the cheat sheet. Just like an old hand written recipe passed down from grandma, I would just have to scan them in PD...
by Jay69
Tue Apr 22, 2014 4:48 pm
 
Forum: Personal Consumer Issues
Topic: Electronic sheet music
Replies: 8
Views: 563

Re: Stopping unwanted "junk" newspaper

Save up 2-3 months worth of papers.

Drive past the newspapers head quarters and look for the nicest car.

Toss news papers in the parking spot of said nicest car with a letter to quit delivery on a post made out of old newspapers.

Rinse and repeat as necessary.
by Jay69
Tue Apr 22, 2014 4:39 pm
 
Forum: Personal Consumer Issues
Topic: Stopping unwanted "junk" newspaper
Replies: 23
Views: 1498

Re: Boglehead used car problem. Run It or ditch it?

As a former frugal car owner I would say replace it not for any insight on mechanical performance but for updated safety. In 9 years there have been major advances in car safety. I would get a new car or newer used car. Changes in safety have changed the equation for me. I used to enjoy getting the...
by Jay69
Tue Apr 22, 2014 4:27 pm
 
Forum: Personal Consumer Issues
Topic: Boglehead used car problem. Run It or ditch it?
Replies: 26
Views: 2080

Re: Shopping at Alibaba?

From Wiki
http://en.wikipedia.org/wiki/Alibaba_Group

They do move some product that's for sure.

In 2012, two of Alibaba’s portals together handled 1.1 trillion yuan ($170 billion) in sales, more than competitors eBay and Amazon.com combined
by Jay69
Tue Apr 22, 2014 4:05 pm
 
Forum: Personal Consumer Issues
Topic: Shopping at Alibaba?
Replies: 7
Views: 774

Re: Shopping at Alibaba?

I would like to know if anyone has had any luck with this as well, I have looked at few items but never had the nerve to place an order.
by Jay69
Tue Apr 22, 2014 4:01 pm
 
Forum: Personal Consumer Issues
Topic: Shopping at Alibaba?
Replies: 7
Views: 774

Re: Elio Car

[The Elio looks like uncannily like a modernized and streamlined version of the Messerschmidt Kabininroller . jimb I would love to have one of those, its so future looking! Could you the looks you would get with one of those! Edit: Had to look more into this car, http://en.wikipedia.org/wiki/Messer...
by Jay69
Tue Apr 15, 2014 7:51 pm
 
Forum: Personal Consumer Issues
Topic: Elio Car
Replies: 26
Views: 1505

Re: Elio Car

You all are right this is not a first, I recall this one from when I was a kid. http://en.wikipedia.org/wiki/HM_Vehicles_Free-way http://i59.tinypic.com/2n8rn6x.jpg http://i58.tinypic.com/6yfl94.jpg They used to have one in Minnesota History Center, not sure if they still have it or not.
by Jay69
Tue Apr 15, 2014 12:19 pm
 
Forum: Personal Consumer Issues
Topic: Elio Car
Replies: 26
Views: 1505

Re: Whats with the internet cap-100GB/ month?

I have be waiting for this to hit at some point. I'm sure the cable companies want to sell their content rather then let Netflix and other streaming services run down the pipe. Sure you can turn down the Netflix steam to save but the picture is not greatest the way it stands at the highest setting, ...
by Jay69
Mon Apr 14, 2014 4:27 pm
 
Forum: Personal Consumer Issues
Topic: Whats with the internet cap-100GB/ month?
Replies: 11
Views: 1225

Re: Elio Car

From my understanding they will hit the market in 2015, time will tell.
by Jay69
Mon Apr 14, 2014 2:26 pm
 
Forum: Personal Consumer Issues
Topic: Elio Car
Replies: 26
Views: 1505

Elio Car

I know how Bogleheads enjoy cars, anybody looking at one of these?

http://www.eliomotors.com/

Made in America
84mpg
$6,800

I will admit it does look interesting, Spam in a can?

A neat video http://www.youtube.com/watch?v=2Ge1ZGi1bTQ
by Jay69
Mon Apr 14, 2014 12:41 pm
 
Forum: Personal Consumer Issues
Topic: Elio Car
Replies: 26
Views: 1505

Re: Need advice on Roof damage and Homeowners Insurance

I'm an adjuster for a specialty carrier. I'll generally match for line of sight/sight lines if I cannot justify replacing a full slope. Matching statutes are state by state specific. Thanks jbmitt ... what does that mean ? sight/sight lines ? I'm not jbmitt but generally as an example if you are st...
by Jay69
Mon Apr 14, 2014 12:34 pm
 
Forum: Personal Consumer Issues
Topic: Need advice on Roof damage and Homeowners Insurance
Replies: 6
Views: 402

Re: Getting over huge mistakes

I think you can still enjoy a good craft beer and a tin of worms for fishing, you are good to go.
by Jay69
Thu Apr 10, 2014 4:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting over huge mistakes
Replies: 30
Views: 3312

Re: Unsubsidized Fixed Rate Stafford Loans - a good deal?

I just received the financial aid package for my son who is starting this fall. Besides his merit scholarship, he is offered a Stafford for $2750 per semester. I could pay full boat and have saved to do so, but my son will be taking the full amount in Staffords. I'm actually quite happy to see the ...
by Jay69
Wed Apr 09, 2014 12:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Unsubsidized Fixed Rate Stafford Loans - a good deal?
Replies: 22
Views: 893

Re: Brown bagging in a more formal office

I use one of those soft sided thermal lunch bag/box looking things, not sure exactly what you would call it. Been using it for about 10 years now and its starting to show its age. Was at a seminar a year or two ago and they were giving away thermal lunch bag/box looking things so now I have a replac...
by Jay69
Wed Apr 09, 2014 9:19 am
 
Forum: Personal Consumer Issues
Topic: Brown bagging in a more formal office
Replies: 43
Views: 3094

Re: Netflix & Red Box

We enjoyed the following on Netflix last year, more science fiction. Eureka http://www.imdb.com/title/tt0796264/ (2006-2012) Warehouse 13 http://www.imdb.com/title/tt1132290/ the show is still in production, waiting for Netflix to add the latest shows. Hard to go wrong with current Dr. Who. I see Ne...
by Jay69
Wed Apr 09, 2014 9:08 am
 
Forum: Personal Consumer Issues
Topic: Netflix & Red Box
Replies: 26
Views: 1498

Re: My debt fear/aversion and my epiphany

You do bring up a good point about learning what or what not to do from our parents. Both of my parents grew up thru the Great Depression, two things stuck with me. 1) You don't have the cash you don't buy it, they had one Mortgage, only loan they ever had. 2) I always think about what mom said when...
by Jay69
Tue Apr 08, 2014 3:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: My debt fear/aversion and my epiphany
Replies: 4
Views: 632

Re: Being a trustee for a friend's estate

If you friend is asking to be a Trustee while his kids are young for the next 20 years or so I would help them out. If it was some kind of family HEMS trust that goes on forever I'm not so sure I would want to be part of it unless it had some verbiage that it goes to a Cooperate Trustee after X year...
by Jay69
Tue Apr 08, 2014 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Being a trustee for a friend's estate
Replies: 14
Views: 1167

Re: My Vanguard Financial Plan...additional bond funds

Thanks jnet,

I will be keeping an eye on this topic. Larry makes a good case to be 100% Corporates, lots of people on both sides of the fence on this topic.

Did they give a reason for the shot of short term?
by Jay69
Tue Apr 08, 2014 2:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: My Vanguard Financial Plan...additional bond funds
Replies: 19
Views: 1974

Re: My Vanguard Financial Plan...additional bond funds

jnet2000 May I ask about what age you are and what % of bonds you hold? I wonder if the Short Term Investment Grade is more of age related deal and or interest rate play? I half been thinking myself of splitting TBM with Intermediate Corporates 50:50. On the face of it having the 3 funds in the tax ...
by Jay69
Tue Apr 08, 2014 12:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: My Vanguard Financial Plan...additional bond funds
Replies: 19
Views: 1974

Tax Freedom Day later this year

Just a fun fact for your Tuesday AM Tax Freedom Day is three days later than last year due mainly to the country’s continued slow economic recovery, which is expected to boost tax revenue especially from the corporate, payroll, and individual income tax. http://taxfoundation.org/article/tax-freedom-...
by Jay69
Tue Apr 08, 2014 8:40 am
 
Forum: Investing - Theory, News & General
Topic: Tax Freedom Day later this year
Replies: 5
Views: 598

Re: Australian regulators again considering 500 ms pauses

I have no idea but at what amount of hold time would it start to create other problems? If the SEC wanted to be Rebels and impose a 10 minute hold period who could it hurt? Those HFT trading companies have spent some good dollars investing in the fastest connections, would not hurt my feelings if th...
by Jay69
Mon Apr 07, 2014 3:27 pm
 
Forum: Investing - Theory, News & General
Topic: Australian regulators again considering 500 ms pauses
Replies: 3
Views: 568

Re: HFT solution? - Time Stamps?

I would guess you would have the same issue?

How would you get the exact time stamps across the board without being off fractions of a second between trades.

Edit: After thinking about this would not having a minimum hold per trade of period of say 10 minutes stop the HFT issue?
by Jay69
Mon Apr 07, 2014 3:14 pm
 
Forum: Investing - Theory, News & General
Topic: HFT solution? - Time Stamps?
Replies: 7
Views: 460

Re: U.S. stocks in freefall

Coming back from lunch today they were creating some news about the biggest drop since 2011. I should go a look that up but will admit that I'm to lazy. I'm juts happy I learned how to post an image!
by Jay69
Mon Apr 07, 2014 3:06 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 742
Views: 123166

Re: U.S. stocks in freefall

I have not seen this thread in some time, plus I wanted to learn how to post a chart/picture. Its a one month chart, the last few days I see a drop!

Image
by Jay69
Mon Apr 07, 2014 2:45 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 742
Views: 123166

Re: Home improvement plans not filed with town?

This happens around here all the time, home Owner buys a new house with an unfinished basement with plumbing and electrical roughed-in then the home Owner finishes off the space at some point, generally after the assessor has made a visit. Then they hope the assessor does not come around and or forg...
by Jay69
Mon Apr 07, 2014 10:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Home improvement plans not filed with town?
Replies: 21
Views: 962

Re: How to account for an annuity ?

sscritic wrote:P.S. I just set a new goal for myself. I want my estate to owe estate tax. My kids will be thrilled!


Can always move to one of the top 10 worst states to die in, you know one of those states they like to talk about in Forbes. That may help in your quest thrill your kids :wink:
by Jay69
Mon Apr 07, 2014 10:27 am
 
Forum: Personal Finance (Not Investing)
Topic: How to account for an annuity ?
Replies: 47
Views: 1934

Re: Best ways to show daily news to 9 year old

I DVR the news and we watch it as a family, my kids are older however. I don't remember the age when we started it but it was a school project for a semester. It does make for some good conversation with my teenagers. As for the bad content and adds for a 9 year old, I'm sure they hear worse on the ...
by Jay69
Mon Apr 07, 2014 8:40 am
 
Forum: Personal Consumer Issues
Topic: Best ways to show daily news to 9 year old
Replies: 28
Views: 1913

Re: Healthy Eating/Lifestyle Forum(s)

Lots of good information to take in, thanks everyone. I'm not in bad shape, a tad over weight by a few pounds but nothing out of control and do exercise a good hour a day. The writing is on the wall I think with all these manufactured foods, chemicals and crap in the stores that moving to more of a ...
by Jay69
Fri Apr 04, 2014 10:03 am
 
Forum: Personal Consumer Issues
Topic: Healthy Eating/Lifestyle Forum(s)
Replies: 16
Views: 1880

Re: Bogle: Tilt To Corporates For More Yield

Rick, what is your take on the subject?
by Jay69
Thu Apr 03, 2014 11:29 am
 
Forum: Investing - Theory, News & General
Topic: Bogle: Tilt To Corporates For More Yield
Replies: 71
Views: 6968

Re: Retired: When to move?

Peter Foley wrote: Friends and family are close to us here and we are able to take longer winter vacations if we wish to avoid the worst of Minnesota's weather.


With any luck the snow will be gone by July! Another foot on the way for Friday!
by Jay69
Wed Apr 02, 2014 11:31 am
 
Forum: Personal Consumer Issues
Topic: Retired: When to move?
Replies: 43
Views: 4006

Re: Healthy Eating/Lifestyle Forum(s)

Thanks all,
by Jay69
Wed Apr 02, 2014 9:19 am
 
Forum: Personal Consumer Issues
Topic: Healthy Eating/Lifestyle Forum(s)
Replies: 16
Views: 1880

Healthy Eating/Lifestyle Forum(s)

Can someone recommend a Healthy Eating/Lifestyle Forum that is of the same caliber of Bogleheads? I enjoy Bogleheads and the caliber of people here, this in turn keeps us on track in our financial journey. I would hope such a healthy lifestyle forum would do the same. Not looking for the latest diet...
by Jay69
Tue Apr 01, 2014 10:34 am
 
Forum: Personal Consumer Issues
Topic: Healthy Eating/Lifestyle Forum(s)
Replies: 16
Views: 1880

Re: Paying student loans vs Losing compounding interest

I think a general rule is to take the free money (401k/403b matches, etc.) then pay down debt.

I'm a big fan in those years to build up your emergency fund in a Roth, if you don't have an emergency you save some space.
by Jay69
Tue Apr 01, 2014 9:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying student loans vs Losing compounding interest
Replies: 41
Views: 2605

Re: Lending money to family

When you say we I assume you and your spouse? If I recall the annual gift exclusion is $14,000 for 2014 to anybody you would like. In a nut shell you and your spouse can gift $28,000 to any one person.

It's family so look at it as a gift, don't plan on being gifted back!
by Jay69
Tue Apr 01, 2014 9:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Lending money to family
Replies: 25
Views: 1913

Re: Being my own contractor for a bathroom remodel?

Most of the time you can pull a permit and do the work for all trades on your own home. If they did not so this they would have many non inspected renovations. In reality with today's materials most of the trade work is not to bad. I can say one thing, I'm in commercial buildings doing inspections a...
by Jay69
Sat Mar 29, 2014 9:20 am
 
Forum: Personal Consumer Issues
Topic: Being my own contractor for a bathroom remodel?
Replies: 19
Views: 1453

Re: IRS letter claiming return is late - anyone experience t

[It has never happened to me, but one bit of advice. I don't use certified mail, but I go the the post office, buy the right postage, and get a receipt (it's automatic, you don't have to ask). The receipt shows the amount, the date, and the destination zip. e.g., I think I learn here more by accide...
by Jay69
Thu Mar 27, 2014 9:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS letter claiming return is late - anyone experience this?
Replies: 34
Views: 3444

Re: Gift Tax and the 529b

vas

Thanks for coming back with an update, it nice when its gets updated.

Good Luck
by Jay69
Thu Mar 27, 2014 9:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gift Tax and the 529b
Replies: 16
Views: 844

Re: Treasury Direct - Acct Access Issues

I think it was treasury direct I tried to use two years in a row to buy EE Savings bonds for 5 younguns in my family, a tradition we do each year instead of cheap plastic crap at Xmas. After many hours and failed purchases I stopped giving bonds and instead give cash. I expect that the bonds had a ...
by Jay69
Thu Mar 27, 2014 4:34 pm
 
Forum: Investing - Theory, News & General
Topic: Treasury Direct - Acct Access Issues
Replies: 12
Views: 618

Re: Why does a Boglehead move to an adviser at 1.25% AUM?

I have seen this subject come up from time to time and I keep coming back to the following in my simple little mind. For many of us working people who save a lifetime and have most everything in taxed advantaged accounts tossing it all into a Vanguard Fixed AA fund of 60/40 or 40/60 when we get to t...
by Jay69
Thu Mar 27, 2014 3:54 pm
 
Forum: Investing - Theory, News & General
Topic: Why does a Boglehead move to an adviser at 1.25% AUM?
Replies: 63
Views: 4241

Re: Statement of the Retirement Funding Problem

Not to change the subject but being you started your quest in 1974, thought I would toss this in just for fun for some perspective. I did a post awhile back that gave a rough idea of what a person could have if they started out in 1974 investing in an IRA. 1974 happen the be the first year one could...
by Jay69
Tue Mar 25, 2014 1:56 pm
 
Forum: Investing - Theory, News & General
Topic: Statement of the Retirement Funding Problem
Replies: 89
Views: 5705

Re: Surrender life insurance?

I had on Ray Lucia the other day and his example for a young person was to pick up a term policy with a rider that would allow to purchase more term (say 5-10 years after you have a family etc.) without going thru underwriting again (thinking of future health issues). I have no idea of the cost of s...
by Jay69
Tue Mar 25, 2014 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Surrender life insurance?
Replies: 4
Views: 449

Keep/Backup Health Care Records?

With the advent of our heath care records going electronic style over the last few year we now have access to our test results etc. online. When online access started a few years ago I started doing a backup of my own records to my PC so I could track my history, mostly for blood work history and ot...
by Jay69
Mon Mar 24, 2014 11:01 am
 
Forum: Personal Consumer Issues
Topic: Keep/Backup Health Care Records?
Replies: 12
Views: 696

Re: Your thoughts on vacation home or second home

We live in area with a ton of lake shore and woods. At one point in time 40 years ago a lake home cabin was the price of a new car. You can guess what the price of a lake home now is :annoyed I think the tide is turning back a little now, lot of cabins for sale, lots of cabins that have been for sal...
by Jay69
Wed Mar 19, 2014 1:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your thoughts on vacation home or second home
Replies: 61
Views: 3617

Re: Supporting Family Members

Thanks for the valuable information. The two of them share a joint account. Is it sufficient if I just write them each a check for $1000/month (even if they just end up in the same account)? Or you could just write one check for $2,000 and put both of their names on it. Is this possible? I have not...
by Jay69
Wed Mar 19, 2014 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Supporting Family Members
Replies: 30
Views: 1698
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