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Re: MB vs Volvo vs. Other?

JDot, welcome to the forum. It's okay to be a Subaru fanboy; not even the Lexus fanboys or this Tesla/Volvo fanboy will hold it against you :D
by TomatoTomahto
Sat Apr 25, 2015 9:59 am
 
Forum: Personal Consumer Issues
Topic: MB vs Volvo vs. Other?
Replies: 40
Views: 2580

Re: LTC premiums vs. Self-Insure resources

It's insurance. Would you ask if putting your homeowners insurance premiums into investments instead makes sense? We self-insure for LTC. Some long-ago policies were an okay deal; new ones IMO are not. But, the self-insurance doesn't mean we have an LTC account that we contribute to, hoping that it ...
by TomatoTomahto
Sat Apr 25, 2015 9:56 am
 
Forum: Investing - Help with Personal Investments
Topic: LTC premiums vs. Self-Insure resources
Replies: 3
Views: 109

Re: Tesla S

Congratulations BrandonBogle, that's awesome. Something that just occurred to me (I know, I'm slow on the uptake) is that purchasing a used Tesla (or other EV) will be less anxiety inducing than buying a used ICE vehicle. Unless it's been in an accident, or there are cosmetic (and visible) issues, t...
by TomatoTomahto
Sat Apr 25, 2015 8:08 am
 
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 654
Views: 81568

Re: What is too long to stay the course?

Just to be clear, I think the authorities can foreclose if you don't pay taxes, and in some states, a condo association can foreclose and auction off the condo if association fees aren't paid. I don't doubt that they can, but I think it takes even longer than it does for a bank to foreclose for non...
by TomatoTomahto
Sat Apr 25, 2015 7:59 am
 
Forum: Investing - Theory, News & General
Topic: What is too long to stay the course?
Replies: 50
Views: 3017

Re: Selling on eBay with local pickup using PayPal - Dangero

Scan his driver's license. Take a cell phone video of the pickup. PayPal is problematic with pickup, but you can go to the police with video and driver's license if they attempt a chargeback.
by TomatoTomahto
Fri Apr 24, 2015 10:21 pm
 
Forum: Personal Consumer Issues
Topic: Selling on eBay with local pickup using PayPal - Dangerous?
Replies: 9
Views: 644

Re: Tesla S

I simply do not believe in spending more than $25,000 on a car, so no, in my opinion, you should not purchase a Tesla. How silly would it be if I said, "I simply do not believe in spending less than $75,000 on a car, so no, in my opinion, you should purchase a Tesla." As I often say on th...
by TomatoTomahto
Fri Apr 24, 2015 5:39 pm
 
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 654
Views: 81568

Re: what should MIL do with "windfall"?

batpot wrote:Totally agree with all of this, but there was no talking her out of it; we tried

Why do you think she resisted? One part of me says stay far away from the train wreck, the other part says figure out what this purchase was about, and maybe you can avert the wreck.
by TomatoTomahto
Fri Apr 24, 2015 3:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: what should MIL do with "windfall"?
Replies: 12
Views: 1234

Re: what should MIL do with "windfall"?

What windfall? If she had downsized appropriately, there'd be a windfall. She has a choice between "way too much house" or way too much house and way too much mortgage. I'm old fashioned and debt phobic, but reasonable people think it's a great idea to not enter retirement with a big, or a...
by TomatoTomahto
Fri Apr 24, 2015 2:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: what should MIL do with "windfall"?
Replies: 12
Views: 1234

Re: Who still have Cable TV?

Who still have Cable TV? $100 bucks a month. What a waste. Beware of confusing your preferences with virtues. I have cable TV as part of a bundle; yes, I even have 2 landlines. I personally (and this is not in 100% agreement with the rest of my family) find alcohol, nice clothes, and vacation homes...
by TomatoTomahto
Fri Apr 24, 2015 10:07 am
 
Forum: Personal Consumer Issues
Topic: Who still have Cable TV?
Replies: 63
Views: 2606

Re: What is too long to stay the course?

Very few people put their life savings into the market at the high-water mark of the NASDAQ. Even fewer of those who did, then did not go on and invest more money over the years. Let's face it, if the course is stupid, then one should not even be on that course in the first place. At the time, I wa...
by TomatoTomahto
Fri Apr 24, 2015 7:57 am
 
Forum: Investing - Theory, News & General
Topic: What is too long to stay the course?
Replies: 50
Views: 3017

Re: What is too long to stay the course?

I'm not usually one for Schadenfreude, but for the folks who called me an idiot for paying down my mortgage instead of joining them in getting rich on QQQ, well, nah, it's not nice to gloat. But if you hadn't paid down your mortgage, you could have refinanced at today's rates! :wink: Did you get bu...
by TomatoTomahto
Fri Apr 24, 2015 7:51 am
 
Forum: Investing - Theory, News & General
Topic: What is too long to stay the course?
Replies: 50
Views: 3017

Re: What is too long to stay the course?

I'm not usually one for Schadenfreude, but for the folks who called me an idiot for paying down my mortgage instead of joining them in getting rich on QQQ, well, nah, it's not nice to gloat.
by TomatoTomahto
Thu Apr 23, 2015 11:01 pm
 
Forum: Investing - Theory, News & General
Topic: What is too long to stay the course?
Replies: 50
Views: 3017

Re: Rolling over a pension plan to an IRA

Alliwantedwasapepsi, welcome! Until you figure out any reasons why you'd want to do something different, which might not happen soon if ever, putting 60% in Total Stock Market and 40% in Total Bond Market won't do any harm. It's a fairly typical and simple asset allocation.
by TomatoTomahto
Thu Apr 23, 2015 10:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rolling over a pension plan to an IRA
Replies: 3
Views: 328

Re: How much do you pay in Property Taxes?

I live in a bedroom community of Louisville Ky and pay $700 on a 175k home. Reading some of these figures is just mind boggling, how can a person rationalize 40k in property taxes??? Heck, we live on 50-60k per year, have a net worth of 750k and the house is paid for....oh, and I'm only 40! Some of...
by TomatoTomahto
Thu Apr 23, 2015 4:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 173
Views: 7672

Re: How much do you pay in Property Taxes?

The one thing I learned from this thread - don't move to New Jersey. When I headed off to college, almost 50 years ago, I said that I'd never move back to NJ. I stayed away for quite a while, but around 30 years ago I moved back, and one thing or another has kept me here ever since. Now I say that ...
by TomatoTomahto
Wed Apr 22, 2015 3:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 173
Views: 7672

Re: One Spouse Outearning the Other?

We live in an area where there are many SAHM and my working wife who earns less than I) has pressures ranging from, "sad, that you have to work" to "why are you working, hopetogolf makes enough for you to quit." People are unbearable so I can see how these guys may not be strong...
by TomatoTomahto
Wed Apr 22, 2015 6:41 am
 
Forum: Personal Finance (Not Investing)
Topic: One Spouse Outearning the Other?
Replies: 64
Views: 5194

Re: Car insurance status changes for college kids

My son's less than 100 miles away, so have to leave him on our policy. I take his car off the road completely, no insurance. He's specifically excluded on my Lotus and Jeep, which means that if he drives it, insurance is reduced to state minimums, which is like $10k liability only. We do go after e...
by TomatoTomahto
Tue Apr 21, 2015 10:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car insurance status changes for college kids
Replies: 5
Views: 412

Re: [What is safest vehicle on the road today that I can buy

I've given the tesla more serious consideration since they added the suite of accident avoidance features. I was also impressed with their claim of zero fatalities, but in the context of how many they've sold to date I'm not sure this fact is any more impressive than the other "zero fatality&q...
by TomatoTomahto
Tue Apr 21, 2015 9:13 pm
 
Forum: Personal Consumer Issues
Topic: [What is safest vehicle on the road today that I can buy?]
Replies: 83
Views: 4400

Re: [What is safest vehicle on the road today that I can buy

Blue, My next car will be a Tesla SUV. It is expensive, but you said cost was not a consideration. There are many technical reasons that it is a safe vehicle, more so than most vehicles. The engineers can explain it better than I can, but to my understanding some of the reasons are: 1. A very low ce...
by TomatoTomahto
Tue Apr 21, 2015 8:51 pm
 
Forum: Personal Consumer Issues
Topic: [What is safest vehicle on the road today that I can buy?]
Replies: 83
Views: 4400

Re: European Cruises

I feel a little nervous about staying in Rome due to the language barrier, and just being in such a foreign place. Where did you stay? How did you go about booking your trip? I don't speak a word of Italian except maybe "Ciao Bella." It was never a problem. My wife spent a year in Italy a...
by TomatoTomahto
Tue Apr 21, 2015 4:02 pm
 
Forum: Personal Consumer Issues
Topic: European Cruises
Replies: 29
Views: 1706

Re: How much do you pay in Property Taxes?

I'm not sure what extra goodies people are getting in cities/states with 2%+ property tax and 8-9% income tax, but I'm happy i don't live in one of those. In our case, and I imagine many of the others in NJ, it's the proximity to NYC that counts the most. My wife's job can be found in NYC and Londo...
by TomatoTomahto
Tue Apr 21, 2015 3:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 173
Views: 7672

Re: How much do you pay in Property Taxes?

Fwiw, in our town, assessed value is stated to equal market value. I have the sense that it isn't the same everywhere.
by TomatoTomahto
Tue Apr 21, 2015 1:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 173
Views: 7672

Re: European Cruises

Mel, I've heard good things about river cruising, but that it's most suited for couples rather than families. Is that true? It seems that OP will be traveling as a couple, so that is a good fit. OP, I spent the most wonderful Christmas in Rome a few years ago. You've given me ideas now about a retur...
by TomatoTomahto
Tue Apr 21, 2015 1:34 pm
 
Forum: Personal Consumer Issues
Topic: European Cruises
Replies: 29
Views: 1706

Re: How much do you pay in Property Taxes?

Bacchus01 wrote:I used to live in Rhode Island about 10 years ago. House was assessed at $675K and taxes were just $5,600. A rate of just .08%.

Too much wine there Bacchus. You're off by a decimal place. :D
by TomatoTomahto
Tue Apr 21, 2015 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 173
Views: 7672

Re: How much do you pay in Property Taxes?

Professor Emeritus wrote:What is the assessed value and the levy rate ?

I'm not who you asked, but quite likely his answer is proportional. Rounded numbers, our house is assessed at $1.9m, the taxes are 38k, so 2% levy rate.
by TomatoTomahto
Tue Apr 21, 2015 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 173
Views: 7672

Re: Semi forced retirement - SPIA ?

Fair enough re unemployment insurance. You are tired and burnt out. A relative of mine teaches, and just around the time she's feeling that way, a sabbatical comes up. Everyone should be entitled to some down time. I was on 24/7 call for quite a few years, and my friends couldn't understand that it ...
by TomatoTomahto
Tue Apr 21, 2015 1:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Semi forced retirement - SPIA ?
Replies: 26
Views: 1329

Re: How much do you pay in Property Taxes?

We have a nice home, but it's not a mansion. We pay $38k/year in northern NJ , on a private road so the neighbors have to chip in for paving, sewer is additional. I wish that i could "put" the house to the town at 90% of appraised value when we decide to leave; there oughta be a law. Btw,...
by TomatoTomahto
Tue Apr 21, 2015 12:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 173
Views: 7672

Re: Semi forced retirement - SPIA ?

I don't mind paying into an insurance plan that is there to protect those who are truly in need. I didn't like paying into Unemployment Insurance during 2008 when 2 of my friends claimed the entire 99 weeks, didn't try to find a job, and laughed about it. Your claiming unemployment insurance while ...
by TomatoTomahto
Tue Apr 21, 2015 12:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Semi forced retirement - SPIA ?
Replies: 26
Views: 1329

Re: How much do you pay in Property Taxes?

We have a nice home, but it's not a mansion. We pay $38k/year in northern NJ, on a private road so the neighbors have to chip in for paving, sewer is additional. I wish that i could "put" the house to the town at 90% of appraised value when we decide to leave; there oughta be a law. Btw, l...
by TomatoTomahto
Tue Apr 21, 2015 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 173
Views: 7672

Re: Should I buy into my brother's shop?

Asymmetrical risks and rewards. It need not happen, but I've seen siblings and other relations estranged over business deals. Your relationship with your brother is worth more than a few thousand dollars; walk away (lovingly).
by TomatoTomahto
Tue Apr 21, 2015 12:06 pm
 
Forum: Investing - Theory, News & General
Topic: Should I buy into my brother's shop?
Replies: 22
Views: 2753

Re: MB vs Volvo vs. Other?

Mercedes is in a class of its own :happy I had a 300E years ago (when the numbers preceded the letter) that was awesome. My understanding from friends who have newer Mercedes is that many of the cars suffer from MB engineering to new price points. The S class is in a class of its own. I'm not sure ...
by TomatoTomahto
Tue Apr 21, 2015 11:59 am
 
Forum: Personal Consumer Issues
Topic: MB vs Volvo vs. Other?
Replies: 40
Views: 2580

Re: One Spouse Outearning the Other?

Something I haven't seen mentioned here is the increased number of options that come with being the lower-earning spouse. We are older, approaching empty nest status, and my wife can retire or continue working as she desires. There was a time, however, when, had she wanted to be a SAHM, it would hav...
by TomatoTomahto
Tue Apr 21, 2015 11:46 am
 
Forum: Personal Finance (Not Investing)
Topic: One Spouse Outearning the Other?
Replies: 64
Views: 5194

Re: One Spouse Outearning the Other?

I'm curious what the reactions of BHs are to this article, specifically the husbands that have wives pulling in more than them (or perhaps, much more than them). Has it ever been an issue? Have you adjusted how you view expenses and spending? My wife had originally made less than me, but since she ...
by TomatoTomahto
Mon Apr 20, 2015 6:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: One Spouse Outearning the Other?
Replies: 64
Views: 5194

Re: Can SiriusXM Radio damage my credit rating?

You'd think a post by Mac and Cheese (above) would express more agreement :D I have to say that, while I've never subscribed other than the free year trial subscription that came with cars, they are a persistent and bothersome company. They try to get you to sign up and seemingly won't take no for a...
by TomatoTomahto
Mon Apr 20, 2015 5:14 pm
 
Forum: Personal Consumer Issues
Topic: Can SiriusXM Radio damage my credit rating?
Replies: 15
Views: 1014

Re: Car for teen ager

I'm going to provide this data point, against my better judgment and expecting the usual backlash about spoiling my kids, because I think there is a legitimate place for spending considerable amounts of money for a kid's car, even in the Boglehead universe. Some of the thoughts that went into this a...
by TomatoTomahto
Sun Apr 19, 2015 8:16 pm
 
Forum: Personal Consumer Issues
Topic: Car for teenager
Replies: 51
Views: 2507

Re: For those living @ home after college...

Are you doing laundry and cooking for your parents? That's nice. They might think that makes up for your return. What!?!? You're expecting them to do it? What did you learn at college, exactly? In some cultures it is more acceptable, but from what I understand, a boy living at home is not as desirab...
by TomatoTomahto
Sun Apr 19, 2015 5:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: For those living @ home after college...
Replies: 6
Views: 779

Re: Coming to terms with low risk tolerance

TIPS and I Bonds have been around less than 20 years, so when inflation hits again, we'll be able to protect our investments against inflation, right? (please say yes :( ) I'm not a bond maven, but my understanding is that TIPS and I Bonds protect against unexpected inflation. So, since you said &q...
by TomatoTomahto
Sun Apr 19, 2015 1:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Coming to terms with low risk tolerance
Replies: 46
Views: 3419

Re: engineers - please help with engineering school selectio

At this point, we have moved on, and he is going to decide based on 2 best options currently available to him. If the letter comes, we will deal with it at that time. That's the right approach. Many kids hold out hope for too long. I hope a letter comes with welcome news, but it is better to have p...
by TomatoTomahto
Sat Apr 18, 2015 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 172
Views: 10025

Re: My job says I can't work for anyone else...

Never sign a non-compete. To many unforeseen restrictions. In my line of work (finance) the standard is 'garden leave' where one remains on the payroll while not allowed to work anywhere else. Of course, it is base salary & benefits only in an industry where most people work for the bonus. Comi...
by TomatoTomahto
Sat Apr 18, 2015 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6064

Re: What Is The Worst Car You Have Ever Owned?

Audi TT, year 2011 or thereabouts. Double-clutch transmission began having trouble very early on, which later became part of a recall. That happens, but Audi's handling of the situation wasn't much better than GM's handling of the ignition switch. Never another Audi. I know a lot of people like them...
by TomatoTomahto
Sat Apr 18, 2015 12:10 pm
 
Forum: Personal Consumer Issues
Topic: What Is The Worst Car You Have Ever Owned?
Replies: 39
Views: 1761

Re: engineers - please help with engineering school selectio

I'm shocked that with that profile he would not get accepted to any school. Huh? It's tough out there Bacchus01. The selective schools could fill multiple freshman classes out of their deferred, wait listed, and rejected applicants, without any reduction in the ability of the students to handle the...
by TomatoTomahto
Fri Apr 17, 2015 10:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 172
Views: 10025

Re: Family member asking for money

DonCamillo, that's a much better way to frame the question. Often, people can't help the children of others, because the parents' pride gets in the way. Here, it's been taken out of the equation. That reframing may give a warm, good feeling - but it ignores the fact that money is fungible. Yes, I k...
by TomatoTomahto
Fri Apr 17, 2015 2:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 141
Views: 13556

Re: Family member asking for money

DonCamillo, that's a much better way to frame the question. Often, people can't help the children of others, because the parents' pride gets in the way. Here, it's been taken out of the equation.
by TomatoTomahto
Fri Apr 17, 2015 1:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 141
Views: 13556

Re: engineers - please help with engineering school selectio

I don't have an engineering hat, so I can't put it on for you, but i do have a parent-of-college-applicant hat :D I am somewhat reminded of times when I've interviewed a job candidate, and something bugged me a bit, but it didn't seem sufficiently material to not offer the job. 9 times out of 10, th...
by TomatoTomahto
Fri Apr 17, 2015 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 172
Views: 10025

Re: Bernstein: "If you've won the game, stop playing."

Perhaps this is the naivete of youth, but couldn't it be argued that if you've accumulated enough that you don't need the growth of stocks that you actually played the game too long? Why not say "once the game has been won by accumulating enough safe assets, put it all in FDIC insured bank acc...
by TomatoTomahto
Fri Apr 17, 2015 9:34 am
 
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 146
Views: 14722

Re: Bernstein: "If you've won the game, stop playing."

I can't say that it's based on his advice specifically, but we're shooting for 50/50 AA eventually, although we're 55/45 now. We could live on SS and pensions if we had to, so we are at liberty to have AA ranging from 20/80 to 80/20. 50/50 seems unlikely to create regret later.
by TomatoTomahto
Fri Apr 17, 2015 9:26 am
 
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 146
Views: 14722

Re: Would you buy 1.5 M house without AC?

Yes, and then most likely I'd install CAC. In NJ, that's what we did 20 years ago. You bought a 1.5 M dollar house 20 years ago? What is it worth now? I should have been more clear. We bought a ~$700k house 20 years ago. In the meantime, we added AC, redid the floors and roof, doubled the square fo...
by TomatoTomahto
Thu Apr 16, 2015 2:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without AC?
Replies: 60
Views: 4614

Re: Would you buy 1.5 M house without AC?

Yes, and then most likely I'd install CAC. In NJ, that's what we did 20 years ago.
by TomatoTomahto
Thu Apr 16, 2015 1:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without AC?
Replies: 60
Views: 4614

Re: Do you wish you retired earlier?

I became a SAHD over a decade ago (I'm 63 now). Some people call that retirement (although probably not anyone who has actually done it). I enjoyed my job outside the home, I've enjoyed my job inside the home, and after the nest finishes emptying, I'll do something as a volunteer. My wife, who has b...
by TomatoTomahto
Thu Apr 16, 2015 12:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you wish you retired earlier?
Replies: 28
Views: 3568

Re: Anxiety about market fluctuations

I have used http://www.ESPlanner.com to compute consumption in a smooth way, now and in retirement. I can't quite get myself to spend at the levels it "recommends," but it has been informative. I figure that if my consumption errs from the recommended level, it's better to spend a bit too ...
by TomatoTomahto
Thu Apr 16, 2015 9:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Anxiety about market fluctuations
Replies: 13
Views: 1132
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