Search found 770 matches

by Rupert
Wed Aug 26, 2015 11:00 am
Forum: Personal Consumer Issues
Topic: Tire rotation
Replies: 34
Views: 2074

Re: Tire rotation

You need to rotate them regularly. Mazdas practically eat tires. Google it. I got rid of a Mazda not too long ago at only 60,000 or so miles, in part, because I had replaced the tires 3 times and they needed replacing again. And I don't buy cheap tires. (If you buy your replacement tires at someplac...
by Rupert
Mon Aug 24, 2015 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Making an offer on a house where the owner has filed bankruptcy
Replies: 13
Views: 1137

Re: Making an offer on a house where the owner has filed bankruptcy

Hi there, thanks for the responses! I've made a few offers on duplexes in recent months, and the contract we use specifies that the owner has to provide income and expense statements for the house, as well as the lease agreements as part of the documents. It goes into quite a lot of detail, so I'll...
by Rupert
Mon Aug 24, 2015 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Making an offer on a house where the owner has filed bankruptcy
Replies: 13
Views: 1137

Re: Making an offer on a house where the owner has filed bankruptcy

I'd be more afraid of the "as is" bit and the tenants than the bankruptcy. The bankruptcy just means that the bankruptcy court will have to approve any sale, which means the sale may take longer. If you're in a hurry to buy and move into a place, stay away from this one. What are you plann...
by Rupert
Mon Aug 24, 2015 8:20 am
Forum: Investing - Help with Personal Investments
Topic: 529 and a couple of other investment questions
Replies: 3
Views: 185

Re: 529 and a couple of other investment questions

Also, 529 plan funds can be withdrawn without penalty if your child receives scholarships. The earnings will, however, be taxed as ordinary income, not as capital gains. A lot of people do as the PP suggested: hedge their bets by funding a 529 up to a point (which only you can come up with by decidi...
by Rupert
Thu Aug 20, 2015 12:37 pm
Forum: Personal Consumer Issues
Topic: Has car buying improved in South Florida improved since 2002?
Replies: 24
Views: 1907

Re: Has car buying improved in South Florida improved since 2002?

Why don't you just buy a car from CarMax and be done with it? They only try to upsell you on extended warranties and fancy stereo equipment, which is easy to decline.
by Rupert
Wed Aug 19, 2015 11:09 am
Forum: Personal Consumer Issues
Topic: washing machine [Recommendations for]
Replies: 39
Views: 2945

Re: washing machine

Any reason why you wouldn't consider a front-loading HE washer? I love mine and got it for well under $600. It's an LG, was well reviewed by Consumer Reports, and was bought at Lowes on sale. It uses much much much less water than my old non-HE top loader. FYI - Do stay away from top-loading HE wash...
by Rupert
Mon Aug 17, 2015 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Disability/unemployment insurance in retirement planning?
Replies: 5
Views: 370

Re: Disability/unemployment insurance in retirement planning?

I would start here for disability insurance - https://www.bogleheads.org/wiki/Disability_insurance Don't think there is any type of unemployment insurance like what you are looking for. Thanks. It sounds like a "well written policy" would be optimal. I can't quite tell if it only covers d...
by Rupert
Mon Aug 17, 2015 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Working with company to lower rates in 401k
Replies: 5
Views: 295

Re: Working with company to lower rates in 401k

I think it's just a third party administrator. Not really sure how I tell the difference. I tell company how much to take out, then I go to the website to fiddle with allocations. Company is around 90 people. Third-party administrators generally advertise themselves as such. That's how you would te...
by Rupert
Mon Aug 17, 2015 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Cash in the house
Replies: 80
Views: 6305

Re: Cash in the house

Only during peak Hurricane season. Like about now through the end of September. Around $1500 or so. Like someone else said already, during power outages, "Cash is King." +1. If a hurricane evacuation is ordered, the cell lines get tied up for ages. Many gas stations on the evacuation rout...
by Rupert
Mon Aug 17, 2015 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Working with company to lower rates in 401k
Replies: 5
Views: 295

Re: Working with company to lower rates in 401k

By "management company," do you mean TPA (third-party administrator)? Or does your company have a bundled service (i.e., one entity, such as an insurance company, acts as administrator and custodian)? Exactly how large/small is your company?
by Rupert
Mon Aug 17, 2015 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Stolen Checks!
Replies: 14
Views: 1102

Re: Stolen Checks!

The place that cashed the checks is liable, not your boss. The check cashing place gets to go after whoever they cashed the checks for. This is theft plain and simple. I can't believe his bank told him he was liable for theft. Sounds like there's something more to this story than simple theft of so...
by Rupert
Fri Aug 14, 2015 12:15 pm
Forum: Personal Consumer Issues
Topic: Purchasing insurance
Replies: 3
Views: 352

Re: Purchasing insurance

Are you sure your regular health insurance won't cover your child's vision needs? There were changes after the Affordable Care Act. My health insurance provided very limited vision benefits prior to the ACA (one eye exam every two years, no benefits for glasses). But recently I noticed that it now c...
by Rupert
Fri Aug 14, 2015 9:04 am
Forum: Personal Finance (Not Investing)
Topic: IRS regulation on 401K plan (company mistake)
Replies: 34
Views: 1639

Re: IRS regulation on 401K plan (company mistake)

Again I want to thank all of you for your help. I still feel the are responsible for this happening since they should of known the law and employees should have been informed of this issue. Would it be out of line to request they compensate me on their mistake and what could I ask for that wouldn't...
by Rupert
Fri Aug 14, 2015 8:37 am
Forum: Personal Finance (Not Investing)
Topic: IRS regulation on 401K plan (company mistake)
Replies: 34
Views: 1639

Re: IRS regulation on 401K plan (company mistake)

The previous posters are correct that your employer did nothing wrong. It's impossible for them to know in advance what HCEs and non-HCEs in the company will contribute during the plan year. You could accept a lower salary and become a non-HCE. That's one way to avoid this problem in the future. :? ...
by Rupert
Thu Aug 13, 2015 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Why do certain employers make you wait a year to contribute to 401k?
Replies: 34
Views: 2896

Re: Why do certain employers make you wait a year to contribute to 401k?

Your point is valid, and these waiting periods are often criticized. But there's no law forcing employers to allow employees to contribute from day one, and for companies with high turnover, waiting periods make complete sense. It's especially difficult for small companies to administer small 401k ...
by Rupert
Thu Aug 13, 2015 11:34 am
Forum: Investing - Theory, News & General
Topic: No money market/stable value - 401(k) plan creation
Replies: 9
Views: 600

Re: No money market/stable value - 401(k) plan creation

When my company set up our new plan a few years ago, we hired a fiduciary consultant to, among other things, help us select our initial fund lineup. One of the things he told us was that it was practically mandatory that we offer at least one stable value fund or money market fund. We ultimately cho...
by Rupert
Thu Aug 13, 2015 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Why do certain employers make you wait a year to contribute to 401k?
Replies: 34
Views: 2896

Re: Why do certain employers make you wait a year to contribute to 401k?

They do it to confirm that you are likely to stay in the job. It is probation of a sort. Exactly. Think about it from the employer's perspective, they don't want to keep maintaining 401k accounts for years for employees who left within the first year. Also, it is a cost issue if they offer matching...
by Rupert
Thu Aug 13, 2015 11:19 am
Forum: Personal Finance (Not Investing)
Topic: figuring out employer match
Replies: 19
Views: 1060

Re: figuring out employer match

thanks. that make much more sense to say it that way. so if i make 200k/yr that will add 6k to the match? I assume this is all pretax calculations. Yes and yes. Another way to say it is this: Your employer will contribute 50 cents for every one dollar you contribute but the employer's contribution ...
by Rupert
Thu Aug 13, 2015 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Why do certain employers make you wait a year to contribute to 401k?
Replies: 34
Views: 2896

Re: Why do certain employers make you wait a year to contribute to 401k?

What do they gain from it? Is it a fee issue? How can I negotiate to reduce that amount of time? You generally see lengthy waiting periods like that at companies with high turnover. They don't make much sense for companies with low turnover. The reason companies with high turnover do it is because ...
by Rupert
Thu Aug 13, 2015 8:30 am
Forum: Personal Consumer Issues
Topic: Maximizing space in a small house
Replies: 39
Views: 3481

Re: Maximizing space in a small house

One thing I've learned living in a tiny-ish house (slightly larger than OP's house) is that your storage needs change as your kids grow up. So don't invest a lot of money on expensive, permanent storage furniture. Use Ikea and the like. That way you don't mind getting rid of an item you needed when ...
by Rupert
Wed Aug 12, 2015 11:33 am
Forum: Personal Finance (Not Investing)
Topic: umbrella coverage premiums
Replies: 34
Views: 3211

Re: umbrella coverage premiums

As you go through the numbers you see here you should consider what or how many primary policies the umbrella coverage applies to. We pay $547 for $3MM. It covers two cars, our primary home, and our condo in another state which is a P/T rental property. Just two adults involved. I completely agree....
by Rupert
Tue Aug 11, 2015 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Coworkers Ignorant to Retirement Savings and Investing
Replies: 41
Views: 3898

Re: Coworkers Ignorant to Retirement Savings and Investing

You should not give investment advice, even for free, if you are not an appropriately licensed professional (CFP, etc.). This can get you into legal trouble. Is this actually true? If so, can you provide more information on what the specifics are and if possible, how to avoid legal issues? It seems...
by Rupert
Mon Aug 10, 2015 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a house that is registered under a sex offender[?]
Replies: 36
Views: 4045

Re: Buy a house that is registered under a sex offender[?]

Sex offenders are required by law to change their address within 3 days of moving, or they will likely face felony prosecution. Therefore, any residence vacated by a sex offender should come off of the registry within 3 business days of the move. If by some chance you note that this does not happen...
by Rupert
Mon Aug 10, 2015 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Coworkers Ignorant to Retirement Savings and Investing
Replies: 41
Views: 3898

Re: Coworkers Ignorant to Retirement Savings and Investing

You should not give investment advice, even for free, if you are not an appropriately licensed professional (CFP, etc.). This can get you into legal trouble. And odds are most of your co-workers will not appreciate it anyway. The best you can do for your colleagues is to ask good questions at the so...
by Rupert
Sun Aug 09, 2015 6:44 am
Forum: Investing - Help with Personal Investments
Topic: Transfer 401K to IRA at 59-1/2
Replies: 5
Views: 378

Re: Transfer 401K to IRA at 59-1/2

Many (or most) 401k plans allow you to roll your own contributions to the plan (plus earnings) out of the plan starting at age 59.5. Many (or most) plans prevent you from rolling out the employer's contributions (and earnings) until you terminate employment.
by Rupert
Fri Aug 07, 2015 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Contribution Rules Question
Replies: 8
Views: 873

Re: Roth IRA Contribution Rules Question

Does he report the tip income on his tax return?
by Rupert
Fri Aug 07, 2015 4:23 pm
Forum: Personal Consumer Issues
Topic: Home security system and land line
Replies: 15
Views: 1104

Re: Home security system and land line

Folks who use Simplisafe and similar companies, do those systems include smoke and fire alarms and monitoring, as well as intrusion alarms and monitoring?
by Rupert
Fri Aug 07, 2015 3:40 pm
Forum: Personal Consumer Issues
Topic: Comcast Offers-whats the catch?
Replies: 26
Views: 2354

Re: Comcast Offers-whats the catch?

I am moving to a new home in Va and looking for Internet only services from Comcast (they are the only Broadband provider). If I want Internet only (25 Mbs) its $66.95, but if I want Internet (25 MBs) plus 10 local channel (streaming)--it's $44.99 for 12 months then $64.99 after that. Why would I w...
by Rupert
Fri Aug 07, 2015 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Insurance Company Property Inspection Notice
Replies: 11
Views: 914

Re: Insurance Company Property Inspection Notice

I got one of these letters a couple of years ago and started discussing it with my neighbors. It seems that while insurance companies rarely or never did these inspections in the past, almost all insurance companies are starting to do them now. When they come, what triggers an inspection, etc., seem...
by Rupert
Thu Aug 06, 2015 8:54 am
Forum: Investing - Theory, News & General
Topic: So do the uber wealthy invest money the same way we do?
Replies: 95
Views: 9326

Re: So do billionaires invest money the same way we do?

They might, but then don't need to. They don't need to take the sort of risks that people with smaller portfolios do and they are much more focused on tax avoidance. Suze Orman, for example (not a billionaire, but a multi-millionaire), has said she invests only in tax-exempt municipal bonds.
by Rupert
Wed Aug 05, 2015 4:06 pm
Forum: Personal Consumer Issues
Topic: Home security system and land line
Replies: 15
Views: 1104

Re: Home security system and land line

ADT offers a cellular option. They don't have to re-wire your house. As a PP said, they just install an antenna near your existing control box. It is a dedicated cell-line that you have to pay for, however. I believe the cost is $15/month over the normal cost of monitoring service. If you're a new c...
by Rupert
Wed Aug 05, 2015 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: should I roll over 403 to IRA
Replies: 4
Views: 260

Re: should I roll over 403 to IRA

If I rolled over to vanguard or schweb ... I really do not know what funds... I have about 200,00 but right now they are in a 403b... help please You haven't given us nearly enough information. Are you still employed with the company that sponsors the 403b? If so and you are not 59.5 years old, you...
by Rupert
Wed Aug 05, 2015 9:51 am
Forum: Personal Consumer Issues
Topic: Comcast wants me to buy a new modem (I think)
Replies: 53
Views: 2586

Re: Comcast wants me to buy a new modem (I think)

Comcast is, bar none, the most unethical company I have ever invited into my life. What a mistake. I can't say enough bad things about them. If there was ever a "not recommended by Bogelheads" list of companies, I would put this one at the top. +1,000,000. I hate them with what is probabl...
by Rupert
Wed Aug 05, 2015 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help
Replies: 23
Views: 1164

Re: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help

Years ago, I used Accuquote and found them to be just fine. Also, try Googling "independent insurance broker" and the name of your town. That ought to get you at least a few results.
by Rupert
Wed Aug 05, 2015 9:40 am
Forum: Personal Finance (Not Investing)
Topic: How necessary is Personal Injury Protection / Medical Expenses for Auto Insurance?
Replies: 15
Views: 1110

Re: How necessary is Personal Injury Protection / Medical Expenses for Auto Insurance?

sport wrote:I just checked my policy. For each car, it costs $12.33 each 6 months for $25,000 coverage. It is so inexpensive that I don't worry about it. If it should ever be needed, the cost is well worthwhile.


+1111111. OP, it's cost you more than $12 of your time just debating the issue in this thread.
by Rupert
Wed Aug 05, 2015 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help
Replies: 23
Views: 1164

Re: Finding good Term-Insurance Policy ... need to sign tomorrow. Who do I trust? Plz Help

If the agent is pressuring you, move on. Insurance agents are a dime a dozen, so you can easily find someone else. As another poster mentioned, you will likely need a medical exam for a policy of any substance, so it's unlikely you will get it done by next week. +1. There's no way you're getting a ...
by Rupert
Tue Aug 04, 2015 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: $13 Million Goal for Early Retirement (am I crazy?)
Replies: 128
Views: 13318

Re: $13 Million Goal for Early Retirement (am I crazy?)

Why in the world are you saving so much money? See another recent post entitled "Priorities" and adjust your lifestyle accordingly. And why would you want to retire at 50? For every post I see on this forum about retiring at 50 there's another post by a 69-year-old stating that he/she want...
by Rupert
Mon Aug 03, 2015 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Plan & Goals
Replies: 6
Views: 266

Re: 401k Plan & Goals

The lifestrategy fund gives you everything you want. I personally don't care for those sorts of funds though, because they make it hard to rebalance and maintain asset allocation over multiple accounts. If the 401k is your only retirement fund, I say choose option B. But if you are able to contribut...
by Rupert
Mon Aug 03, 2015 1:06 pm
Forum: Personal Consumer Issues
Topic: Aloha Mind math for 5 year old
Replies: 8
Views: 1022

Re: Aloha Mind math for 5 year old

+1 for Khan Academy
by Rupert
Fri Jul 31, 2015 12:59 pm
Forum: Personal Consumer Issues
Topic: Food safety - broken refrigerator
Replies: 20
Views: 1121

Re: Food safety - broken refrigerator

cheese_breath wrote:
Rupert wrote:...Personally, I'd eat the eggs...

I used to eat raw eggs. Used to eat raw meat too. But no more considering the possibility of salmonella in raw foods today.


I didn't say I'd eat them raw. I prefer them scrambled.
by Rupert
Fri Jul 31, 2015 10:48 am
Forum: Personal Consumer Issues
Topic: Food safety - broken refrigerator
Replies: 20
Views: 1121

Re: Food safety - broken refrigerator

You can always check the freshness of an egg by seeing if it floats in water. Google it. Personally, I'd eat the eggs. I grew up on a farm, and we never refrigerated our eggs. Also, butter does not need to be refrigerated. I keep mine out on the counter in a butter dish all the time. Do you seriousl...
by Rupert
Thu Jul 30, 2015 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Does % of students from low income households factor when you pick schools for kids?
Replies: 39
Views: 2652

Re: Does % of students from low income households factor when you pick schools for kids?

This is such a hard issue. I advise you, as you begin your home search, to go to the schools your kids might attend in each neighborhood and drive around for a few blocks in every direction. Pay particular attention to the middle schools. Middle schools are the weak links in public school systems al...
by Rupert
Thu Jul 30, 2015 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Newborn Health Insurance Questions
Replies: 21
Views: 1059

Re: Newborn Health Insurance Questions

"Would it make sense even in the slightest to switch to this higher premium plan for the year the baby is born?" It may, but you need to look at more than just the deductibles and premiums. Kids see the doctor A LOT during their first two to three years of life; so co-pay, co-insurance, an...
by Rupert
Thu Jul 30, 2015 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Newborn Health Insurance Questions
Replies: 21
Views: 1059

Re: Newborn Health Insurance Questions

Although our baby isn't due until January...I could've written this same thread myself...I have all the same questions! I will be watching this thread pretty closely for info. :beer I also have been wondering how the deductible and max out of pocket situation works. With a (late) January baby due d...
by Rupert
Thu Jul 30, 2015 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Priorities
Replies: 75
Views: 7161

Re: Priorities

My cardiologist once told me that sometimes the first sign of heart disease is sudden death. It's a sobering thought that I try to remind myself of very often, and I always think of it when I read posts by people here who brag that they manage to only spend $100 a month on groceries and have never b...
by Rupert
Thu Jul 30, 2015 7:13 am
Forum: Personal Finance (Not Investing)
Topic: How Did You Leave Money for College in Your Will for Your Grandchildren?
Replies: 9
Views: 1055

Re: How Did You Leave Money for College in Your Will for Your Grandchildren?

jalbert wrote:The OP said the funds were tied up in equity in the grandmother's home.

-jalbert


Many 529s allow you to open an account with as little as $100. She can direct additional funds to the accounts in her will.
by Rupert
Thu Jul 30, 2015 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Auto collision with uninsured driver caused $5000 in damage. What to do?
Replies: 23
Views: 2237

Re: Auto collision with uninsured driver caused $5000 in damage. What to do?

Guys.... I don't think we understand Uninsured/Underinsured motorist coverage in PA. Don't these cover bodily injury (which is minor)? The OP was interested in a Property Damage claim (repairs to leased vehicle). Yep. People don't understand what un/under-insured motorist coverage actually covers. ...
by Rupert
Wed Jul 29, 2015 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Keep paying the mortgage??
Replies: 67
Views: 6672

Re: Keep paying the mortgage??

"I assumed by dealing with a licensed Realtor that this was a safe transaction." Yikes. I'm so sorry this happened to you, but, dude, Google is your friend. The seller's agent in a real estate transaction (who in this case was also the seller) has no fiduciary obligation to a home buyer. T...
by Rupert
Wed Jul 29, 2015 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: My Portfolio and My Investing Behavior
Replies: 15
Views: 1637

Re: My Portfolio and My Investing Behavior

Why aren't you maxing out the tax-deferred accounts to reduce tax liability? I would do that before contributing to Roths and taxable. You're giving away money to the government. So I would max out the wife's 401k, not reduce contributions to it.
by Rupert
Wed Jul 29, 2015 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: How Did You Leave Money for College in Your Will for Your Grandchildren?
Replies: 9
Views: 1055

Re: How Did You Leave Money for College in Your Will for Your Grandchildren?

She could just open and partially fund 529 accounts now and, via her will, direct additional money from her estate to those accounts upon her death. She could name her children as successor owners of those accounts. That would take care of living grandchildren. Providing for future grandchildren is ...

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