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Re: Bringing up 529s to the grandparents

I think one should just be grateful that the grandparents want to share in their kids life and to give them presents. I can see that look on my granddaughter's face if she saw that she got a 529 contribution. Woo-pee. I plan on contributing to her 529 and her college but dang if I am not going to g...
by Leesbro63
Thu Jan 29, 2015 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bringing up 529s to the grandparents
Replies: 38
Views: 1870

Re: Bringing up 529s to the grandparents

I've experienced this. What you are missing is that the grandparent(s) wants instant gratification. He/she/they are willing to sacrifice some of their own consumption in order to experience little Johnny having a live pony brought to his birthday party. But not willing to sacrifice personal consumpt...
by Leesbro63
Thu Jan 29, 2015 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bringing up 529s to the grandparents
Replies: 38
Views: 1870

Re: Rental Car Prices - is this the new normal ?

Thanks for the Costco tip. The best I can do on an upcoming rental in a "hot" market is $465 for 6 days via NATIONAL. Costco has me at Alamo (same airport pick and drop) for $265. Excellent tip. I've been a Costco member for a few years but never thought about checking out their travel pri...
by Leesbro63
Thu Jan 29, 2015 12:46 pm
 
Forum: Personal Consumer Issues
Topic: Rental Car Prices - is this the new normal ?
Replies: 67
Views: 5108

Re: Anyone know when CD rates will increase?

There is some speculation that the Fed will start raising rates sometime in 2015. But that is just speculation. Even if they do start raising rates, it will probably be painfully slow. As others have said, nobody knows. I made the mistake of thinking rates would not stay down very long. I figure I ...
by Leesbro63
Thu Jan 29, 2015 12:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Anyone know when CD rates will increase?
Replies: 50
Views: 3502

Re: cvt transmissions

Traded a 2010 Corolla with the old style transmission for a 2014 with a CVT. The CVT is great. No noticeable downside whatsoever but a 10%ish fuel economy boost.
by Leesbro63
Thu Jan 29, 2015 11:49 am
 
Forum: Personal Consumer Issues
Topic: cvt transmissions
Replies: 42
Views: 2149

Re: Anyone know when CD rates will increase?

If anyone really knew when CD rates will increase...or when anything else will happen that's uncertain...why would they tell us?
by Leesbro63
Thu Jan 29, 2015 11:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Anyone know when CD rates will increase?
Replies: 50
Views: 3502

Re: New baby college planning advice needed

I believe that beyond some small threshold, UTMA income/cap gains is taxed at the parent's marginal tax rate.
by Leesbro63
Wed Jan 28, 2015 1:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: New baby college planning advice needed
Replies: 5
Views: 774

Re: I'm thinking about making very large 529 contributions A

For most wealthy grandparents they would be better off paying tuition directly than making a lump sum if the grandchildren are near college age. Direct payment of tuition or medical bills does not count towards the 14K limit of tax free gifts. Their situation is no different than the parents. If th...
by Leesbro63
Wed Jan 28, 2015 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm thinking about making very large 529 contributions ASAP
Replies: 71
Views: 5276

Re: William P Bengen's Publications

The numbers are the numbers. But I take Bengen with a grain of salt. He panic-sold in 2008 and it's not clear if and when he ever got his clients back in to equities. He claimed 2008 was exactly the time to "duck and cover". Turns out it was exactly the time to back up the truck. Here's an...
by Leesbro63
Mon Jan 26, 2015 6:56 pm
 
Forum: Investing - Theory, News & General
Topic: William P Bengen's Publications
Replies: 3
Views: 434

Re: I'm thinking about making very large 529 contributions A

don't like 529. Rather do taxable either in UGMA or plain taxable. I want flexibilty to invest why, when, where, and how. I guess it depends on the state. In my case (Pennsylvania), there is a "Guaranteed Savings Plan" option that is essentially a prepaid plan. The lump sum for both kids ...
by Leesbro63
Fri Jan 23, 2015 2:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm thinking about making very large 529 contributions ASAP
Replies: 71
Views: 5276

Re: Lexus RX330 vs RX350

I use a local independent mechanic for both (we have two) of my Lexuses ("Lexi"). If you can find one you trust, you'll be fine. The RX is pretty much just a regular Toyota underneath, so it's easy for most mechanics. My LS460 is a bit more complicated but even that has been handled find b...
by Leesbro63
Thu Jan 22, 2015 12:45 pm
 
Forum: Personal Consumer Issues
Topic: Lexus RX330 vs RX350
Replies: 16
Views: 1469

Re: Reporter doing story on pitfalls of doing one's own taxe

I suspect the numbers about self-prepared returns being more accurate than prepared returns are correct because: 1. It's a self selecting group. People who are math-phobic or not interested or not good on a computer don't even think about doing their own return. So those who do decide to DIY are a m...
by Leesbro63
Wed Jan 21, 2015 8:50 pm
 
Forum: Investing - Theory, News & General
Topic: Reporter doing story on pitfalls of doing one's own taxes
Replies: 40
Views: 4674

Re: Lexus RX330 vs RX350

In regard to the last post: here in Pittsburgh if you get 30,000 out of tires, you're doing well. 44K would be great.
by Leesbro63
Wed Jan 21, 2015 6:22 pm
 
Forum: Personal Consumer Issues
Topic: Lexus RX330 vs RX350
Replies: 16
Views: 1469

Re: I'm thinking about making very large 529 contributions A

This might be an idea to do just for estate planning if you have the cash. You could superfund even adult kids then change the beneficiaries to THEIR kids later, when they get some. Might even make sense to eat up some of one's $5,500,000 estate tax exemption to do. Any creative thinking here?
by Leesbro63
Wed Jan 21, 2015 5:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm thinking about making very large 529 contributions ASAP
Replies: 71
Views: 5276

Re: Lexus RX330 vs RX350

We had a 2006 RX330 that we kept until last April and traded for a 2014 RX350. Both are/were great cars. Oddly enough, the bigger 2014 vehicle, that takes regular gas (versus the 2006 that required Premium gas) gets slightly better mileage. Newer technology I guess. You should understand that if you...
by Leesbro63
Wed Jan 21, 2015 9:40 am
 
Forum: Personal Consumer Issues
Topic: Lexus RX330 vs RX350
Replies: 16
Views: 1469

Re: Should I Declare Victory and Pack It In?

Atlas Shrugged! We need experienced surgeons to continue helping society with their noble profession! Lower your working hours which suits your lifestyle but you could certainly make a difference in many people's lives after all this profession is not all about money only! I am trying teach my son ...
by Leesbro63
Tue Jan 20, 2015 5:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16603

Re: Should I Declare Victory and Pack It In?

Cobra $18000 Wouldnt the ACA policy be cheaper than 18K per year? It certainly could be. Depending on declared income, a gold plan in my state would be anywhere from $450 per month to $1700 per month. Here in PA $18K sounds about right on ACA. Some of it will depend on medical luck, as a lot of ACA...
by Leesbro63
Tue Jan 20, 2015 2:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16603

Re: Should I Declare Victory and Pack It In?

leonard wrote:So, is the question really whether one can live on $107k per year?


I think that's only 1 of 3 questions. The second is will the next egg really provide $107K per year, or will there be unforseen speed bumps. The third is what happens if you and/or your spouse outlive 30 years from only age 55/56.
by Leesbro63
Tue Jan 20, 2015 1:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16603

Re: Should I Declare Victory and Pack It In?

My thoughts are this sounds good in theory. In reality a $500,000/yr surgeon going to $107,000 forever without big unexpected speed bumps might not make for a good reality. I'll admit that I require a higher buffer/degree of certainty than many others. This could just be my own projection and you mi...
by Leesbro63
Tue Jan 20, 2015 11:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16603

Re: Should I Declare Victory and Pack It In?

When I read the first post, I too had trouble with the math and thought OP was nuts. After reading the constructive comments and elaboration - I think you're ok, WormWood. I hope the lifestyle adjustment doesn't affect your morale. It sounds like a big shift is coming. 3-4% SWR of 2.7M is 81-108k/y...
by Leesbro63
Mon Jan 19, 2015 9:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16603

Re: Should I Declare Victory and Pack It In?

According to the site $1700 at age 62, $3500 at age 70. I don't believe it. I suspect it will be means tested away or asset tested away or taxed away. I agree with the above. Being careful not to get political, I would just say that at age 56 (I am 55 so this is something I think about), trying to ...
by Leesbro63
Sat Jan 17, 2015 1:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16603

Re: Inflation Rate: Dec/Dec or Average Annual?

In Oct they publish the Oct thru Sep number used for SS and other government adjustments. That's a good number to use because it's broadly published and easy to reference.
by Leesbro63
Fri Jan 16, 2015 8:35 pm
 
Forum: Investing - Theory, News & General
Topic: Inflation Rate: Dec/Dec or Average Annual?
Replies: 3
Views: 397

Re: Amex Fidelity CC 2% Cash Back

BTW, I had an "opportunity" to "buy back" (for lack of better terms) a year of SS last May and restart at age 65, vs. 64. SS actually took the card and FIA Card Services (they are the administrator of the card) helped me make sure it wasn't bounced for amount. LOL, the "rew...
by Leesbro63
Fri Jan 16, 2015 3:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Amex Fidelity CC 2% Cash Back
Replies: 60
Views: 5978

Re: Amex Fidelity CC 2% Cash Back

BTW, I had an "opportunity" to "buy back" (for lack of better terms) a year of SS last May and restart at age 65, vs. 64. SS actually took the card and FIA Card Services (they are the administrator of the card) helped me make sure it wasn't bounced for amount. LOL, the "rew...
by Leesbro63
Thu Jan 15, 2015 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Amex Fidelity CC 2% Cash Back
Replies: 60
Views: 5978

Re: Amex Fidelity CC 2% Cash Back

Also the Discover Escape card pays 2% as a credit toward travel (air, hotel, car). As long as you spend enough on travel to claim the credit/play the game, it's effectively a 2% cash back card. It costs $60/yr but provides PRIMARY rental car coverage. Cheaper than the Amex rental coverage if you ren...
by Leesbro63
Wed Jan 14, 2015 11:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Amex Fidelity CC 2% Cash Back
Replies: 60
Views: 5978

Re: Amex Fidelity CC 2% Cash Back

Actually the Fidelity 1.5% Visa pays 2% after the first $15,000... effectively being a 2 percent card with a $75 annual fee. Worth it to me to not have to deal with Amex not being accepted everywhere.
by Leesbro63
Wed Jan 14, 2015 11:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Amex Fidelity CC 2% Cash Back
Replies: 60
Views: 5978

Re: Rental Car Driver Not Authorized

A relative of mine lives in NYC and frequently rents cars, but does not own one. For that reason, as well as to qualify for umbrella insurance, has a "non-owned automobile insurance" policy. The premium is relatively cheap. From what he said, he could not qualify to even buy the umbrella c...
by Leesbro63
Wed Jan 14, 2015 2:19 pm
 
Forum: Personal Consumer Issues
Topic: Rental Car Driver Not Authorized
Replies: 36
Views: 3275

Re: Israel bonds [how to evaluate political risk?]

Bsteiner, I send you a private message.
by Leesbro63
Mon Jan 12, 2015 7:26 am
 
Forum: Investing - Theory, News & General
Topic: Israel bonds [how to evaluate political risk?]
Replies: 17
Views: 1500

Re: Rental Car Driver Not Authorized

Here's a related question: How does the rental car company know that a customer has underlying car insurance? Put differently, why would any company rent a car to someone without being sure that they have insurance to cover their vehicle? I've never been asked to see my policy or to see even a proof...
by Leesbro63
Mon Jan 12, 2015 6:45 am
 
Forum: Personal Consumer Issues
Topic: Rental Car Driver Not Authorized
Replies: 36
Views: 3275

Re: Rental Car Driver Not Authorized

Yeah, I guess it does boil down to that. It's fairly obvious that any coverage purchased at the rental car counter would be void if they knew the car was driven by someone not on the contract. And it's probable but not quite as clear that any credit card perk coverage would also be denied. My guess ...
by Leesbro63
Mon Jan 12, 2015 6:33 am
 
Forum: Personal Consumer Issues
Topic: Rental Car Driver Not Authorized
Replies: 36
Views: 3275

Re: Rental Car Driver Not Authorized

Don't most auto policies cover you if you are driving anyone else's car? I always decline the rental companies insurance charges because they're stunningly overpriced, I believe, and I'm covered under my own policy. If my wife drives it, so is she, as far as I know. Yes. It's just not clear if I'm ...
by Leesbro63
Mon Jan 12, 2015 6:12 am
 
Forum: Personal Consumer Issues
Topic: Rental Car Driver Not Authorized
Replies: 36
Views: 3275

Re: Rental Car Driver Not Authorized

Don't most auto policies cover you if you are driving anyone else's car? I always decline the rental companies insurance charges because they're stunningly overpriced, I believe, and I'm covered under my own policy. If my wife drives it, so is she, as far as I know. Yes. It's just not clear if I'm ...
by Leesbro63
Sun Jan 11, 2015 10:23 pm
 
Forum: Personal Consumer Issues
Topic: Rental Car Driver Not Authorized
Replies: 36
Views: 3275

Re: Rental Car Driver Not Authorized

JLJL (two posts above) I get that. It's foolish to take such risks. It's just not clear to me exactly what the risk is.
by Leesbro63
Sun Jan 11, 2015 10:17 pm
 
Forum: Personal Consumer Issues
Topic: Rental Car Driver Not Authorized
Replies: 36
Views: 3275

Re: Rental Car Driver Not Authorized

JLJL wrote:I'm not in this field but I believe the renter would be 100% liable to the rental car company for the cost of repairs, loss of income and diminished value of the rental car if the car were damaged.


How is this any different than if the accident occurred with the proper authorized renter driving?
by Leesbro63
Sun Jan 11, 2015 9:21 pm
 
Forum: Personal Consumer Issues
Topic: Rental Car Driver Not Authorized
Replies: 36
Views: 3275

Re: Rental Car Driver Not Authorized

I'm the original poster.?In my case the National rentacar agent specifically asked if there would be any other drivers and I specifically answered "no". I believe I COULD have added my wife but declined. So let's assume she is NOT automatically or otherwise authorized. What I'm trying to ...
by Leesbro63
Sun Jan 11, 2015 6:25 pm
 
Forum: Personal Consumer Issues
Topic: Rental Car Driver Not Authorized
Replies: 36
Views: 3275

Re: Rental Car Driver Not Authorized

I'm the original poster.?In my case the National rentacar agent specifically asked if there would be any other drivers and I specifically answered "no". I believe I COULD have added my wife but declined. So let's assume she is NOT automatically or otherwise authorized. What I'm trying to d...
by Leesbro63
Sun Jan 11, 2015 5:37 pm
 
Forum: Personal Consumer Issues
Topic: Rental Car Driver Not Authorized
Replies: 36
Views: 3275

Re: Doing my taxes by hand

The point, I think, is to learn which items have the biggest impacts . . . and then to use that knowledge going forward to make investment and other financial decisions Hence why spreadsheets were invented with the dawn of the computer. And tax software is nothing more than a spreadsheet with a pre...
by Leesbro63
Sun Jan 11, 2015 4:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Doing my taxes by hand
Replies: 64
Views: 4728

Re: Doing my taxes by hand

Every year someone posts about doing taxes by hand. Why? Would someone attempt to wash a big load of laundry by hand? Cut a big yard every week with a pushmower? I get it that taxes are a once a year thing. But with all the cheap software, why do it by hand? What's the point?
by Leesbro63
Sun Jan 11, 2015 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Doing my taxes by hand
Replies: 64
Views: 4728

Rental Car Driver Not Authorized

I am wondering what happens when a driver, who was not specifically spelled out at the rental car counter, drives a rental car. Recently we rented a car and I told them that I would be the only driver. That was the plan. An unexpected situation came up and my wife drove the car for a few miles (by h...
by Leesbro63
Sun Jan 11, 2015 3:35 pm
 
Forum: Personal Consumer Issues
Topic: Rental Car Driver Not Authorized
Replies: 36
Views: 3275

Outdoor Temperature on Windows 8.1 Desktop

I have had WEATHERBUG pinned to my Win 8.1 taskbar for a long time. Until recently, it displayed the outdoor temperature even when not "open". Just passively on the taskbar. It no longer does that. Perhaps there is some setting need to get the temp back? Or if not, is there an easy to inst...
by Leesbro63
Sun Jan 11, 2015 1:15 pm
 
Forum: Personal Consumer Issues
Topic: Outdoor Temperature on Windows 8.1 Desktop
Replies: 0
Views: 422

Re: mattress topper

I like my Tempurpedic topper bought at Bed Bath and Beyond with a 20% off coupon. Still $320 for a queen size but has been worth it.
by Leesbro63
Sat Jan 10, 2015 8:56 pm
 
Forum: Personal Consumer Issues
Topic: mattress topper
Replies: 13
Views: 1263

Payless Car Rental

Planning a trip to the Fort Lauderdale area next month. Rental cars for a week are expensive this time of year. I can get what the rental companies call a "midsized" car (but everyone else knows as a "compact") like a Corolla for about $450 for the week from National, who I have ...
by Leesbro63
Fri Jan 09, 2015 9:45 am
 
Forum: Personal Consumer Issues
Topic: Payless Car Rental
Replies: 9
Views: 1207

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

I never pay to Efile PA returns. I just print them and put a 49 cent stamp on it. Honestly I can't understand why anyone would pay for right to file a tax return.
by Leesbro63
Thu Jan 08, 2015 9:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 203
Views: 27962

Re: Humidifiers

I'm learning a lot. Thank you all for the responses so far.
by Leesbro63
Thu Jan 08, 2015 9:22 pm
 
Forum: Personal Consumer Issues
Topic: Humidifiers
Replies: 25
Views: 2808

Humidifiers

I need some info and help regarding humidifiers. I live in Pittsburgh and we have forced air heat in a contemporary house (built 1979). I had an Aprilaire "pad" humidifier installed on the furnace ductwork about 23 years ago. It was somewhat of a maintenance headache/PITA and we never real...
by Leesbro63
Wed Jan 07, 2015 7:51 pm
 
Forum: Personal Consumer Issues
Topic: Humidifiers
Replies: 25
Views: 2808

Re: Vanguard Turbo Tax prices anounced

Me too! Just got the "we're refunding your $9.99" email. Nice
by Leesbro63
Wed Jan 07, 2015 3:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Turbo Tax prices anounced
Replies: 88
Views: 14208

Re: Why not just follow John Bogle

For what it's worth, even Bogle admits to investing in the fund that his son actively manages. I suspect it's not a big percentage of his net worth. But I've heard him talk about it and he chuckled and said that he wants to throw his son a bone. And while he didn't say it, it was understood that thi...
by Leesbro63
Sun Jan 04, 2015 5:20 pm
 
Forum: Investing - Theory, News & General
Topic: Why not just follow John Bogle
Replies: 78
Views: 5912

Re: Why not just follow John Bogle

I've noticed that even the most "religious" of the gurus who post here each have their own versions of sinning. Swedroe bets that small cap value will not just be a passing thing and will provide additional return for less risk. Paul Merriman has all sorts of market timing schemes, while c...
by Leesbro63
Sun Jan 04, 2015 12:41 pm
 
Forum: Investing - Theory, News & General
Topic: Why not just follow John Bogle
Replies: 78
Views: 5912

Re: Esurance Experiences: 31% less?

[OT comment removed by admin LadyGeek]
by Leesbro63
Sun Dec 28, 2014 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Esurance Experiences: 31% less?
Replies: 9
Views: 1716

Florida Turnpike Toll-Rental Car

I'm planning a trip to Florida in the not too distant future. Will fly into Fort Lauderdale and get a rental car at the airport. Then drive up on the Turnpike to the West Palm area...not too far. Yeah, I know I can take 95 but would rather take the Turnpike. How do I do this? The days of just gettin...
by Leesbro63
Sat Dec 20, 2014 3:30 pm
 
Forum: Personal Consumer Issues
Topic: Florida Turnpike Toll-Rental Car
Replies: 5
Views: 911
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