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Re: Purchasing New Tires for Car and Need Suggestions

Another vote for Tirerack. I've been buying from them for 30+ years. This is tire buying season so look for rebates. I think Dunlop has an $80 rebate on a set of 4 through 5/31. I live in the NE also, frequently going to NH and Vermont. All season tires are really good at nothing. In the snow and sl...
by TodB
Thu Apr 03, 2014 5:29 pm
 
Forum: Personal Consumer Issues
Topic: Purchasing New Tires for Car and Need Suggestions
Replies: 38
Views: 2031

Re: Were These Investment Advisors Lying or Incompetent?

The MS portfolios that I am familiar with are made up of a combination Vanguard ETFs and other fixed income and hedge strategies. I think there are 7-8 different portfolios that have varying AAs depending upon the risk tolerance of the investor. They are evaluated and rebalanced by their investment ...
by TodB
Wed Mar 26, 2014 6:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Were These Investment Advisors Lying or Incompetent?
Replies: 90
Views: 5889

Re: Trip through New England

Boothbay is nice but a bit of a tourist trap and can be crowded especially if you go by car. Consider going one more peninsula up (OK, down) and explore the Pemaquid region. From New Harbor, you can get a boat to Monhegan for an afternoon. When you get back, getting a lobster dinner on the upper dec...
by TodB
Fri Mar 07, 2014 8:38 pm
 
Forum: Personal Consumer Issues
Topic: Trip through New England
Replies: 39
Views: 1421

Re: Trust Question

My estate is already set up to pass via trust and was done so by someone who specializes in estate planning so I am not looking for advice but more on clarification of the "protection". I was hoping that someone like a Bsteiner or another legal expert will weigh in. I am more curious than ...
by TodB
Mon Feb 24, 2014 1:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trust Question
Replies: 4
Views: 325

Trust Question

Some conventional wisdom provided here suggests passing inheritance via trust (rather than lump sum) with the idea that a trust will provide protection from creditors, ex spouses and may even reduce estate taxes. My question is around protection from ex spouses. I have a lawyer friend who tells me t...
by TodB
Mon Feb 24, 2014 1:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trust Question
Replies: 4
Views: 325

Re: What's your dream car?

I have no time for the new cars and rarely acknowledge anything after about 1990.

I'll take a 1967ish Lotus Elan, build a multi car garage and get probably another 4-5 vintage cars at $20K each for what you are paying for some of your choices.

That new McLaren sure does look nice though...
by TodB
Tue Jan 21, 2014 7:11 pm
 
Forum: Personal Consumer Issues
Topic: What's your dream car?
Replies: 177
Views: 8923

Re: Jamaica Vacation - Any tips?

I've been to Jamaica a bunch and have spent time in the various all inclusives mentioned here but have also spent time on the southern coast near Treasure Beach and Black River. The latter is MUCH better as you can get a villa, some even with pools, either with or without a staff of two who will pre...
by TodB
Tue Nov 26, 2013 11:08 pm
 
Forum: Personal Consumer Issues
Topic: Jamaica Vacation - Any tips?
Replies: 74
Views: 4175

Re: Death Book

The outline I provided were merely suggestions. Obviously, the content of your book will morph and change as your needs and estate make up dictate and also by how much your heirs are involved in your estate. My main goal for the book for my two 25 year old sons was to have much of our info centraliz...
by TodB
Wed Nov 13, 2013 12:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death Book
Replies: 34
Views: 5647

Re: Car Wax

If you are really into it... I've used them all. Check out the Zaino products available on-line. Easy to apply, can be done in bright sunlight, easy to wipe off. I use their All in 1 product on my daily driver and then I will sometimes add some of the gloss products to y other car (Z5?). I do it onc...
by TodB
Fri Oct 04, 2013 11:53 am
 
Forum: Personal Consumer Issues
Topic: Car Wax
Replies: 42
Views: 2755

Re: Car advice

Is it burning oil or leaking oil? Big difference. Depending upon where the leak is, it could be an easy fix.
by TodB
Wed Oct 02, 2013 8:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car advice
Replies: 16
Views: 1139

Re: Classic Car for Teen Driver(?)

In 2004, I started my two sons out with a '93 Volvo 240 which was the last year of that series which included air bags (wife insisted) and front ABS brakes. Big, slow, safe and cheap and could still be fixed pretty easily and reasonably. Even then, they later both told me they had it up to 100 MPH. ...
by TodB
Sun Aug 11, 2013 7:06 pm
 
Forum: Personal Consumer Issues
Topic: Classic Car for Teen Driver(?)
Replies: 87
Views: 7102

Re: New Honda Accord v/s CPO BMW 328i

BMW, and other manufacturers design their cars with the "cruel and unusual" duty cycle in mind. And as to oil change frequency, go with the manufacturers recommendations. We can debate this until the cows come home, but the longer intervals are so the marque can say their cars are cheap t...
by TodB
Sat Jul 27, 2013 3:17 pm
 
Forum: Personal Consumer Issues
Topic: New Honda Accord v/s CPO BMW 328i
Replies: 88
Views: 8907

Re: Stumped by a Stump

Dig down a bit to expose the roots. Put a nice piece of stretchy rope around the stump. Attach the other end to the bumper of a car with a good bit of slack in between. Get a good running head start with the car and jerk that bad boy right out. Might take a coupe of tries. When it comes out, just ke...
by TodB
Fri Jul 26, 2013 3:14 pm
 
Forum: Personal Consumer Issues
Topic: Stumped by a Stump
Replies: 49
Views: 3093

Re: Staying in same company for long - any benefits?

I've worked for the same company for 29 years and will most likely retire from there. Its been a terrific experience for most of those years, 25 of which I worked 12 hour days and loved almost every minute of it. I looked forward to going to work. If I did it again or was asked for advice by a young...
by TodB
Fri Jul 26, 2013 3:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Staying in same company for long - any benefits?
Replies: 27
Views: 2766

Re: New Honda Accord v/s CPO BMW 328i

The BMW will be the wife's car for the most part, so a little bit of commuting, running around town, driving the kids, etc. That's cruel and unusual punishment for a BMW. True. Especially with the newer ones, its VERY important to make sure you get it up to temperature for 30 minutes a week to burn...
by TodB
Thu Jul 25, 2013 10:06 pm
 
Forum: Personal Consumer Issues
Topic: New Honda Accord v/s CPO BMW 328i
Replies: 88
Views: 8907

Re: New Honda Accord v/s CPO BMW 328i

If I had to get a BMW again, I'd either just lease it or pick up a good deal CPO and drive it until the fairly generous CPO warranty is up and then get rid of it. This ^^ Someone mentioned to check the maintenance from the prior owner(s) for the BMW. This advice should apply to any used car. Look f...
by TodB
Wed Jul 24, 2013 7:50 pm
 
Forum: Personal Consumer Issues
Topic: New Honda Accord v/s CPO BMW 328i
Replies: 88
Views: 8907

Re: Cost of house maintenance

I don't count the cosmetic changes you may want to make when you move in or any remodeling in the future. Though I try, my wife does not agree that these types of expenses should come out of our emergency fund. Instead, we budget for some home repair each year. If we do not use it, it goes to increa...
by TodB
Tue Jul 16, 2013 4:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of house maintenance
Replies: 13
Views: 1923

Re: Financial advice for a newbie high earner

Best quote of the thread
I'm a guy, and I look forward to the prospect of being a target of young girls.


And now the advice,

Enjoy, but just be careful big boy!
by TodB
Tue Jul 16, 2013 8:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Financial advice for a newbie high earner
Replies: 78
Views: 7063

Re: Car decision [which one(s) to sell]

I'd say sell the Volvo. It has the highest miles and at that level, expensive stuff, brakes, exhaust, tires, etc. will need replacing soon.
by TodB
Mon Jul 15, 2013 4:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car decision [which one(s) to sell]
Replies: 3
Views: 338

Re: Just got a promotion....

I stepped into a similar situation years ago when I took on a job. I was in "a bit" over my head. It was hard and very rewarding at the same time. You will learn a lot, time will fly by and you will look back on this transition very fondly in later years. Keep your superiors well informed ...
by TodB
Sat Jul 13, 2013 1:00 pm
 
Forum: Personal Consumer Issues
Topic: Just got a promotion....
Replies: 17
Views: 2710

Re: Timing Belt Change - Months or Miles if car is old?

My opinion... The mileage interval recommendation for timing belts is set based upon model and should be religously obeyed. I would not let a timing belt go more than 8 years even if under the mileage limit but that's me. Not worth the risk. Again depending upon model, there are other items that cou...
by TodB
Fri Jul 12, 2013 10:38 am
 
Forum: Personal Consumer Issues
Topic: Timing Belt Change - Months or Miles if car is old?
Replies: 20
Views: 2512

Re: Saving money on car repairs

The other point that no one has brought up yet is proper safety when you do you own work. Its critical to have good jacks, jack stands, etc. Just last night, there was some wingnut on the news who was doing a brake job with the car held up solely by a cheap jack. No jack stands of course. The jack f...
by TodB
Wed Jul 10, 2013 10:00 am
 
Forum: Personal Consumer Issues
Topic: Saving money on car repairs
Replies: 25
Views: 2254

Re: Saving money on car repairs

Some of the newer cars have issues with oil sludge when temps do not get up to operating temperatures. If a car is only getting driven in 5-10 minute bursts, the oil can get sludgy and get water in it, that's why it looks like a milk shake under the oil filler cap. Condensation can lead to a hydrolo...
by TodB
Tue Jul 09, 2013 4:25 pm
 
Forum: Personal Consumer Issues
Topic: Saving money on car repairs
Replies: 25
Views: 2254

Re: Saving money on car repairs

One piece of counter-intuitive wisdom - it is actually better for the car to, at least on a once weekly basis, give it a good romp. Put your foot into the throttle and let it take off, let the engine work. A small bit of hard driving is good for cleaning things out, keeping piston rings from gettin...
by TodB
Tue Jul 09, 2013 11:39 am
 
Forum: Personal Consumer Issues
Topic: Saving money on car repairs
Replies: 25
Views: 2254

Re: Saving money on car repairs

Not sure how much $ you can save by changing you own oil - $30 maybe? Do you have ramps or jack stands, oil filter wrench and a catch basin? Then, of course, you have to properly dispose the used oil. Used to do it, but its not worth it to me now. Jobs like brakes and basic tune ups are pretty easy ...
by TodB
Mon Jul 08, 2013 11:15 am
 
Forum: Personal Consumer Issues
Topic: Saving money on car repairs
Replies: 25
Views: 2254

Re: Death Book

Thanks for the suggestion, Jebmke. My list is really just a starting table of contents that should morph and change by family as needed. I think I've captured the basic items that all families should at least consider and document. I'm hoping others will chime in with recommendations also. One that ...
by TodB
Mon Jul 08, 2013 10:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Death Book
Replies: 34
Views: 5647

Death Book

I'm relatively new here and have learned lots since I've been reading. While researching investment policy statements, I came across mentions of letter of instruction. In our house, this is fondly known as the "death book". I stumbled onto the version my Dad put together before he died and...
by TodB
Sun Jul 07, 2013 8:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death Book
Replies: 34
Views: 5647

Re: Help with my 81 Year old Mother's portfolio

Some good news. My Mother is open to switching from Morgan Stanley to Vanguard. She also better understands the marketing spin of variable annuity yields and that it includes returning your own $ to you. We're not really comfortable coming up with an investment plan on our own so as a first step, we...
by TodB
Tue May 28, 2013 2:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with my 81 Year old Mother's portfolio
Replies: 18
Views: 1354

Re: Help with my 81 Year old Mother's portfolio

Prudent advice, Laura and others. Thank you. There is little doubt that with proper strategy, she will probably not outlive her $ regardless of her lifespan which puts her ahead of many folks. In that respect, she is very lucky. That said, she also wants to invest and have a strategy such that she c...
by TodB
Sun May 26, 2013 7:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with my 81 Year old Mother's portfolio
Replies: 18
Views: 1354

Re: Help with my 81 Year old Mother's portfolio

And let's call a spade a spade. The Morgan Stanley guy is not a "Financial Advisor", he is a salesman.

Agreed. As they all are, a super nice guy. Bring on those investment suggestions as an alternative to the VA.
by TodB
Sat May 25, 2013 7:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with my 81 Year old Mother's portfolio
Replies: 18
Views: 1354

Re: Help with my 81 Year old Mother's portfolio

Thanks to those who have replied. As expected, your advice is against a VA(and Yes, it is a VA that is being pushed not a SPIA). I agree that she will probably not leave MS as she has a strong relationship with the FA and that if I push otherwise, he will go around me directly to my Mother to "...
by TodB
Sat May 25, 2013 6:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with my 81 Year old Mother's portfolio
Replies: 18
Views: 1354

Re: Help with my 81 Year old Mother's portfolio

Thanks for the reply. She is the Trustee on all of the Trusts along with my sister and me on some of them. I'm looking for alternate suggestions that can meet her income needs.
by TodB
Fri May 24, 2013 4:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with my 81 Year old Mother's portfolio
Replies: 18
Views: 1354

Help with my 81 Year old Mother's portfolio

I stumbled upon this site recently and have begun reading. In the meantime, I will share my Mother's current situation for which I would like some feedback, validation and advice. 81 year old widowed female, very good health and from a family of long livers (90+) No debt No long term care plan House...
by TodB
Fri May 24, 2013 12:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with my 81 Year old Mother's portfolio
Replies: 18
Views: 1354

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