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by Leesbro63
Fri Jul 03, 2015 10:20 pm
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 15929

Re: Do you buy used cars like a Boglehead actually should?

bengal22 wrote:I always thought we adhere to the Boglehead investing philosophy so we don't have to buy used cars.


+1
by Leesbro63
Fri Jul 03, 2015 10:19 pm
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 15929

Re: Do you buy used cars like a Boglehead actually should?

On the other hand, for those serious about not getting taken advantage of, information is more available than every before. With some easy internet research and a little bit of shopping and comparing, the guy who is willing to do some due diligence is in a better car buying position than ever before.
by Leesbro63
Wed Jul 01, 2015 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 125
Views: 6100

Re: Obsessing towards zero balance on credit card.

I have a friend who is a self proclaimed credit-score guru. He says "the game" is to pay all but $2 on the day BEFORE the card statement posts. This way it does two things: First it shows that you have huge untapped credit (except for the $2) and second it shows that the card is being used...
by Leesbro63
Wed Jul 01, 2015 6:18 am
Forum: Personal Finance (Not Investing)
Topic: Dependent Life claim denied
Replies: 40
Views: 3716

Re: Dependent Life claim denied

Just wanted to update everyone. I gave them time to work things out before I took the matter outside the company. They just called and they are paying the claim. I am really glad, I really did not want to escalate this outside the company. Thanks for all your suggestions on how to handle. Sorry abo...
by Leesbro63
Tue Jun 30, 2015 11:52 pm
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 15929

Re: Do you buy used cars like a Boglehead actually should?

Correct. I do not live in the rust belt. Does that mean, even with an overpriced used car market, that the 7 year old car with 20k miles overpriced at $18,000 is still a better value numbers wise than the exact same car new at $35,000? You may be right in terms of dollars per mile. But comparing 7 ...
by Leesbro63
Tue Jun 30, 2015 4:38 am
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 15929

Re: Do you buy used cars like a Boglehead actually should?

I've read this entire thread and to the posters advocating buying a new car because the used car market is overpriced (which I whole heartedly agree), would you please mathematically detail the financial advantage in buying a new car vs a used car? How is buying a 2015 model XYZ for $35,000 new bet...
by Leesbro63
Sun Jun 28, 2015 7:02 am
Forum: Personal Consumer Issues
Topic: 2014 Lexus ES350
Replies: 37
Views: 3714

Re: 2014 Lexus ES350

I think the Avalon is meant to fill the "old man's car" niche on purpose. That's Toyota's Buick/Lincoln competitor. Hey, old men have to make that trek from the rustbelt to their condo in Florida every year!
by Leesbro63
Sat Jun 27, 2015 6:59 am
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 15929

Re: Do you buy used cars like a Boglehead actually should?

We have purchased 8 used cars (4runner, mustang, accords, mazda3, Highlanders, Lexus), over the last 15 years (3 kids started driving). In every case we saved a huge amount of money buying used. But there is risk buying used so unless you reasonably car savvy and somewhat mechanically inclined its ...
by Leesbro63
Fri Jun 26, 2015 3:33 pm
Forum: Personal Consumer Issues
Topic: Google Map: How To See Traffic Far Away
Replies: 25
Views: 1979

Re: Google Map: How To See Traffic Far Away

While you are in PA, you can go to 511PA.com to get real-time traffic for most major routes. They also have links to traffic cams, so you can sometimes see for yourself. I've found their data to be more accurate than google's. Although google does seem to be getting better recently. Wow! I live in ...
by Leesbro63
Fri Jun 26, 2015 3:29 pm
Forum: Personal Consumer Issues
Topic: Google Map: How To See Traffic Far Away
Replies: 25
Views: 1979

Re: Google Map: How To See Traffic Far Away

That's great ZAPPED! Esp the Boglehead endorphin rush by saving 4 miles! Thank you! Have a great weekend.
by Leesbro63
Fri Jun 26, 2015 1:34 pm
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 15929

Re: Do you buy used cars like a Boglehead actually should?

Oops...DELETED. Repost mistake.
by Leesbro63
Fri Jun 26, 2015 1:26 pm
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 15929

Re: Do you buy used cars like a Boglehead actually should?

Lessons: - If you buy new, keep the car - If you buy used... either get it from a dealer with some warranty (eg. CPO) or take it to a shop to get it checked My one experience buying CPO (2006 Lexus RX330 bought at exactly 3 years in 2009...off lease) was that in the end, during the first year I had...
by Leesbro63
Fri Jun 26, 2015 1:05 pm
Forum: Investing - Theory, News & General
Topic: Can Good Investors Be Predicted In Childhood?
Replies: 6
Views: 894

Can Good Investors Be Predicted In Childhood?

I found this TED TALK fascinating and it made me wonder if I could predict, in my own family, which children will be good investors/marshmallow accumulators. Can I use this knowledge in estate planning?

http://www.ted.com/playlists/173/fascin ... xperiments
by Leesbro63
Fri Jun 26, 2015 12:58 pm
Forum: Personal Consumer Issues
Topic: Google Map: How To See Traffic Far Away
Replies: 25
Views: 1979

Re: Google Map: How To See Traffic Far Away

GOT IT! Thank you so much! It works!
by Leesbro63
Fri Jun 26, 2015 12:51 pm
Forum: Personal Consumer Issues
Topic: Google Map: How To See Traffic Far Away
Replies: 25
Views: 1979

Re: Google Map: How To See Traffic Far Away

I use the traffic feature on Google map all the time on my smartphone, before and during a trip. It can't really be accurate several hours before you get to an area. Example: leaving Martinsburg, WV at 7:30 am a few days ago, it alerted me to red zones around NYC on 287. But when I got there around...
by Leesbro63
Fri Jun 26, 2015 12:37 pm
Forum: Personal Consumer Issues
Topic: Google Map: How To See Traffic Far Away
Replies: 25
Views: 1979

Google Map: How To See Traffic Far Away

The traffic feature that was recently installed in GOOGLE MAPS is great. But I can't figure out how to see traffic far away. For instance, my son wants to go from Pittsburgh to Washington DC next week during the holiday weekend. How can we see the traffic in Breezewood (often a bottleneck) before he...
by Leesbro63
Fri Jun 26, 2015 12:26 pm
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 15929

Re: Re:

Fankly this whole topic shows a major misunderstanding of the boglehead philophosy. Nowhere does the boglehead philosphy talk about living cheapily or frugally. If it does, let me know so I can bail out:) It says live below your means. The difference between living below your means and living as ch...
by Leesbro63
Fri Jun 26, 2015 12:23 pm
Forum: Personal Consumer Issues
Topic: 2014 Lexus ES350
Replies: 37
Views: 3714

Re: 2014 Lexus ES350

Don't have an ES350, but have a GS350. They're wonderful cars. I use mid-tier gas in mine and all seems to run well. A caution, in addition to being rather pricey new the cost of service is expensive. We have a Honda in our family also and the cost of routing maintenance is significantly less (usua...
by Leesbro63
Thu Jun 25, 2015 8:37 pm
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 15929

Re: Re:

Buy A 5 year old Honda accord pay 10k drive 10 years . Sell it for 3k . Now, that's economizing. I'd give it two thumbs up. Still, I'd rather get them for free. But you have find one for 10k. Most of the 5 year old Honda with 60k or so miles go for 15k+ when I last checked. That gets the cost/yr pr...
by Leesbro63
Thu Jun 25, 2015 8:35 pm
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 15929

Re: Do you buy used cars like a Boglehead actually should?

Bumping an old thread. Researching car buying options, I see from this thread that back in 2011 there was widespread sentiment that buying a used car from a dealership didn't offer much value over buying new, due to new car prices being down and used car prices being up. Do people still feel the sa...
by Leesbro63
Mon Jun 22, 2015 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Investing 11 Million Dollar Gift
Replies: 80
Views: 11981

Re: Investing 11 Million Dollar Gift

A single balanced fund is a bad idea for $11M. The taxes due on the annual rebals could be substantial. Better to control the rebals yourself so you can control tax efficiency. I can't refute your logic without knowledge of Vanguard's internals, but certainly a fund touted as "tax-managed"...
by Leesbro63
Sat Jun 20, 2015 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Investing 11 Million Dollar Gift
Replies: 80
Views: 11981

Re: Investing 11 Million Dollar Gift

A single balanced fund is a bad idea for $11M. The taxes due on the annual rebals could be substantial. Better to control the rebals yourself so you can control tax efficiency.
by Leesbro63
Sat Jun 20, 2015 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: One-Two Punch for my credit card game
Replies: 62
Views: 7681

Re: One-Two Punch for my credit card game

Related to credit freezes, I asked this on another thread and got no clear answer: Is INNOVIS a 4th credit agency that one must worry about freezing? Seems like a pain to maintain the 3 that I have now. But am I doing that all for naught without freezing this new, never-heard-of-until-now agency? I...
by Leesbro63
Sat Jun 20, 2015 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: One-Two Punch for my credit card game
Replies: 62
Views: 7681

Re: One-Two Punch for my credit card game

Related to credit freezes, I asked this on another thread and got no clear answer: Is INNOVIS a 4th credit agency that one must worry about freezing? Seems like a pain to maintain the 3 that I have now. But am I doing that all for naught without freezing this new, never-heard-of-until-now agency?
by Leesbro63
Sat Jun 20, 2015 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive Wedding For Child Gift Tax?
Replies: 7
Views: 931

Expensive Wedding For Child Gift Tax?

Let's say a single father is fairly well off and gifts $14,000 to his adult daughter early in the year. The daughter gets engaged shortly thereafter and they both decide to have a big wedding...say at a cost of $100,000. (I know that this might sound outrageous to some Bogleheads, but in the real wo...
by Leesbro63
Fri Jun 19, 2015 4:11 pm
Forum: Personal Consumer Issues
Topic: Paid Tuition for Junior
Replies: 5
Views: 895

Re: Paid Tuition for Junior

The Pittsburgh Promise is $10,000 per year toward a Pennsylvania school: http://www.pittsburghpromise.com/earn_criteria.php
by Leesbro63
Fri Jun 19, 2015 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Diminished Value on Rental Car
Replies: 9
Views: 1481

Re: Diminished Value on Rental Car

I spent last evening reading up on this and it appears that there is no way at all to cover diminished value on a rental car unless you buy the non-Bogleheadish, highly priced coverage at the rental counter. How can this be? If it's a common risk to all who rent cars, do we all just accept this risk?
by Leesbro63
Thu Jun 18, 2015 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: buying a home with daughter and son in law
Replies: 17
Views: 3078

Re: buying a home with daughter and son in law

Another option is to lend the money with some sort of forgiveness of the balance at death. You'd need to see an attorney to figure out how to legally structure this, but it might be better than the other option of multiple owners.
by Leesbro63
Thu Jun 18, 2015 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: buying a home with daughter and son in law
Replies: 17
Views: 3078

Re: buying a home with daughter and son in law

Pennsylvania does not have an estate tax, however they have an inheritance tax that would come into play if you leave your estate to someone not a close relative. Thus I would think you would want to leave your new home to your daughter and not the SIL. Sorta right and sorta wrong. Pa has a 4.5% in...
by Leesbro63
Thu Jun 18, 2015 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Diminished Value on Rental Car
Replies: 9
Views: 1481

Re: Diminished Value on Rental Car

I'd forward that to Geico and let them negotiate/deny the additional claim/fees. Definitely fight that. $200 admin fee? ha! That was done. Geico already denied the claim. We do need to probe more, but it appears that this is not included or perhaps even specifically excluded in the fine print of th...
by Leesbro63
Thu Jun 18, 2015 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of Adding/Cancelling Credit Cards
Replies: 8
Views: 1353

Re: Effect of Adding/Cancelling Credit Cards

I'm wondering what the effect is of playing the credit card promotion game would be on my 800-810 credit score. I have 4 major credit cards with large credit limits on all. I pay them monthly in full. What happens if I cancel one? If I add a new one? And maybe do this once or twice per year? Why do...
by Leesbro63
Thu Jun 18, 2015 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Diminished Value on Rental Car
Replies: 9
Views: 1481

Diminished Value on Rental Car

My brother recently rented a car for a visit here in Pittsburgh. He rented it at Laguardia and drove here. He lives in NYC and does not own a car, but does have "non-owners" insurance thru Geico. He charged the rental on Amex, but did not specifically do the $25 per rental coverage thing t...
by Leesbro63
Thu Jun 18, 2015 6:19 pm
Forum: Personal Consumer Issues
Topic: Flash Drive Problems
Replies: 11
Views: 1562

Flash Drive Problems

I recently purchased some 128GB flash drives on Ebay. Yeah they were cheap. Anyway, for some reason, sometimes they work and sometimes they do not. I've tried the few different formatting options but sometimes I'll load 10GBs (takes a few hours) and it will only see some or none of it.

Any ideas?
by Leesbro63
Thu Jun 18, 2015 1:30 pm
Forum: Investing - Theory, News & General
Topic: The "4% Rule" revisited
Replies: 102
Views: 13312

Re: The "4% Rule" revisited

How many of these threads have there been in the last few years?
by Leesbro63
Wed Jun 17, 2015 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Dependent Life claim denied
Replies: 40
Views: 3716

Re: Dependent Life claim denied

The other issue, which someone mentioned, is that you might have purchased other insurance had the employer insurance not kept on and on and on and on accepting your premiums...implying that you had coverage. I would be very very surprised if the insurer pushes back once they see you are serious (by...
by Leesbro63
Wed Jun 17, 2015 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Dependent Life claim denied
Replies: 40
Views: 3716

Re: Dependent Life claim denied

It still seems to me that a jury might not look kindly at their acceptance of premiums for years and years where their own computer could have detected the issue.
by Leesbro63
Wed Jun 17, 2015 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of Adding/Cancelling Credit Cards
Replies: 8
Views: 1353

Effect of Adding/Cancelling Credit Cards

I'm wondering what the effect is of playing the credit card promotion game would be on my 800-810 credit score. I have 4 major credit cards with large credit limits on all. I pay them monthly in full. What happens if I cancel one? If I add a new one? And maybe do this once or twice per year?
by Leesbro63
Wed Jun 17, 2015 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Dependent Life claim denied
Replies: 40
Views: 3716

Re: Dependent Life claim denied

I would bet that there is huge potential for damages from the insurer. A good lawyer probably can clear this up quickly AND get his fee paid too. The insurer screwed up and accepted your premium for years and years. The threat of what a jury would do with that is your trump card.
by Leesbro63
Wed Jun 17, 2015 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 123
Views: 10509

Re: Prenup

duplicate post removed ...oops
by Leesbro63
Wed Jun 17, 2015 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 123
Views: 10509

Re: Prenup

Marriages with prenuptial agreements fail at higher rates than those without. You have not proven this with a citation. But even if true it's not clear that prenups are, overall, more causative than not. It might just be that the pool of people who get prenups are more likely to get divorced with o...
by Leesbro63
Wed Jun 17, 2015 6:26 pm
Forum: Personal Consumer Issues
Topic: Southwest Credit Card-Atlanta Travel
Replies: 20
Views: 1499

Re: Southwest Credit Card-Atlanta Travel

Why would Chase give even me, with an 800+ credit score, TWO cards at the same time?

Also what credit bureau do they use/should I unlock?

Thank you all for the info so far. I am starting to understand this.
by Leesbro63
Wed Jun 17, 2015 2:56 pm
Forum: Personal Consumer Issues
Topic: Southwest Credit Card-Atlanta Travel
Replies: 20
Views: 1499

Re: Southwest Credit Card-Atlanta Travel

Also, someone told me that they often have "$79 each way" sales. And their "game" is to buy tickets ahead of time even if they don't know the exact travel dates. At $79 each way. Then they change the dates for free when they want to use them. Will this actually work?
by Leesbro63
Wed Jun 17, 2015 2:54 pm
Forum: Personal Consumer Issues
Topic: Southwest Credit Card-Atlanta Travel
Replies: 20
Views: 1499

Re: Southwest Credit Card-Atlanta Travel

Pittsburgh based but going to and from Atlanta.
by Leesbro63
Wed Jun 17, 2015 2:14 pm
Forum: Personal Consumer Issues
Topic: Southwest Credit Card-Atlanta Travel
Replies: 20
Views: 1499

Re: Southwest Credit Card-Atlanta Travel

Southwest is tremendous for domestic flights. My wife and I have the companion pass, and we have saved literally thousands of dollars. Simply put, the Companion Pass is buy one flight, get one free for the companion that you designate. You can change the companion 3 times over the life of the pass....
by Leesbro63
Wed Jun 17, 2015 12:54 pm
Forum: Personal Consumer Issues
Topic: Southwest Credit Card-Atlanta Travel
Replies: 20
Views: 1499

Southwest Credit Card-Atlanta Travel

My wife and I will be traveling from Pittsburgh to Atlanta frequently as our daughter will be settling there. I have always found using airline miles to be a pain and therefore only use my Fidelity 2% cash back card. A friend says that it's all different with Southwest. Is it? What is the current &q...
by Leesbro63
Wed Jun 17, 2015 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Tax savings of moving to no income tax state
Replies: 24
Views: 3369

Re: Tax savings of moving to no income tax state

I did a spreadsheet for NJ Texas Florida, Penna., Delaware, South and North Carolina Then I estimated my sources of income and my expected spending and applied the tax rates. For Texas No Income tax 8% sales tax, includes clothing (unlike NJ) State Gas Tax $0.20 (NJ $0.15) Property Tax about 2/3rd ...
by Leesbro63
Tue Jun 16, 2015 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Common Disaster Death of Both Spouses
Replies: 1
Views: 891

Common Disaster Death of Both Spouses

I am wondering, specifically for Pennsylvania and for Florida how the law treats (for purposes of inheritance/probate) the situation of a common disaster causing the deaths of both spouses? For situations where there is no valid will or the will does not address this. Frankly I am just curious...ari...
by Leesbro63
Tue Jun 16, 2015 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer of wealth to kids
Replies: 87
Views: 10398

Re: Transfer of wealth to kids

Federal estate tax exemption and "Portability" in general: -- As of 2015, each person gets $5.43 million lifetime exemption. It is indexed for inflation. -- At death, one spouse can transfer an unlimited amount to the surviving spouse. -- If the deceased spouse has not used any of his/her...
by Leesbro63
Tue Jun 16, 2015 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: A "taxing gifting" issue
Replies: 9
Views: 1213

Re: A "taxing gifting" issue

I think the OP is referring to Capital Gains taxes, not gift taxes. Can't you gift the appreciated shares instead of selling and gifting cash? That makes sense. It would be sad if grandpa sold the shares, paid big cap gains taxes, gifted the cash that got reinvested in stocks and now will be subjec...
by Leesbro63
Tue Jun 16, 2015 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: A "taxing gifting" issue
Replies: 9
Views: 1213

Re: A "taxing gifting" issue

I am NOT a lawyer nor an accountant. That being said, what you are saying sounds to have quite a bit wrong. Anyone can generally gift anyone up to about $5.5 million with no federal gift tax. So it's unlikely that grandpa paid any tax gifting to you. He was required to file a gift tax return, but I ...

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