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Re: mailed US tax check 4/13 - not cashed yet

Not sure what the problem is. You did the return and mailed it correctly.
by derosa
Thu Apr 24, 2014 6:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: mailed US tax check 4/13 - not cashed yet
Replies: 17
Views: 705

Re: What to say to financial planners/insurance brokers

thanks for thinking of me. Right now I am all set - just made some changes and I am all set right now. If something happens in the future I know how to reach you.

Hope your business does well for you going forward. Its tought out there isn't it?
by derosa
Thu Apr 24, 2014 6:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to say to financial planners/insurance brokers
Replies: 26
Views: 1619

Re: Thinking about retiring early - tell me what I've missed

Not really retirement but self employment.

Microbreweries are very trendy these days.

You are going to gross $20k from the business and pay yourself $15K? Not sure how that will work leaving only $5k for everything else? I probably missed something.
by derosa
Tue Apr 22, 2014 6:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thinking about retiring early - tell me what I've missed
Replies: 41
Views: 4310

Re: Blog:William Bernstein’s Coward’s Portfolio

Nice to see folks dancing on the head of a pin again. Or as put above - all roads....
by derosa
Sun Apr 20, 2014 10:58 am
 
Forum: Investing - Theory, News & General
Topic: Blog:William Bernstein’s Coward’s Portfolio
Replies: 30
Views: 4693

Re: Beware Vanguard DOES NOT update all your account values

I guess as a long term and long time investor I am not getting what all this is about.

Why are you checking your account every hour or so - at least that is what it seems to me.
by derosa
Sat Apr 19, 2014 6:16 pm
 
Forum: Investing - Theory, News & General
Topic: Beware Vanguard DOES NOT update all your account values
Replies: 56
Views: 4567

Re: Best way to sign a credit card?

I've never signed the back of my card. Signing doesn't mean anything. Think about all the phone and online transactions you use with a card and there is no signature involved at all. No signature = nothing to copy. I would guess once a year a business asks me for id when they turn the card over and ...
by derosa
Fri Apr 18, 2014 8:40 pm
 
Forum: Personal Consumer Issues
Topic: Best way to sign a credit card?
Replies: 72
Views: 5285

Re: Central AC and Forced Hot Air Heat (Gas)

Change them both.

If you don't - you have a new a/c unit and a 20 year old heater. How long do you think that heater is going to last? You feel lucky?
by derosa
Thu Apr 17, 2014 8:08 pm
 
Forum: Personal Consumer Issues
Topic: Central AC and Forced Hot Air Heat (Gas)
Replies: 14
Views: 913

Re: New homeowner: lawn care advice

He is a new homeowner - wait he isn't even an owner yet. Give him a break. Let him buy the stuff and take care of his yard. In Charlotte virtually everyone grows cool weather bunch turf grass. So it looks great in fall and spring and ok over the winter. No matter what you do every fall you have to s...
by derosa
Mon Apr 14, 2014 9:34 pm
 
Forum: Personal Consumer Issues
Topic: New homeowner: lawn care advice
Replies: 54
Views: 3831

Re: My financial advisor doubt

This just sounds a bit like buyer's remorse. What was I thinking when I bought that ice cream cone, shirt, car, house, vacation, etc... Take a deep breath, talk with the guy and review with him and your wife why you did this. And what you expect to get out of it. And what your wife can get out of it...
by derosa
Mon Apr 14, 2014 4:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: My financial advisor doubt
Replies: 28
Views: 3181

Re: Financial plan for pensioned in-laws

Just as some background why did they retire and then decide that they needed to figure out what to do?
by derosa
Sun Apr 13, 2014 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial plan for pensioned in-laws
Replies: 19
Views: 1204

Re: Contractor not licensed but insured

Back in the old days no one needed a license to do anything. And the reason licensing started being required? Because people were doing crappy work. So to protect consumers who don't have a clue - certain occupations require people to be licensed. That is they have taken some schoolinging and testin...
by derosa
Fri Apr 11, 2014 6:43 pm
 
Forum: Personal Consumer Issues
Topic: Contractor not licensed but insured
Replies: 15
Views: 864

Re: Lump Sum vs annuity

Take the money now. Then it is yours. You can do with it what you would like. You have 100% control.

The annuity is guaranteed? By whom? Etc Etc. Don't have to look too far these days to find challenges with pensions.

Peace of mind is worth how much to you?
by derosa
Thu Apr 03, 2014 4:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum vs annuity
Replies: 17
Views: 1108

Re: Business-related meals: tax deductions

If he can deduct the cost of food and drinks at the cafe, then he can deduct the cost of food and drinks he consumes at this home office.

I don't think so.
by derosa
Thu Apr 03, 2014 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Business-related meals: tax deductions
Replies: 11
Views: 854

Re: Vanguard Portfolio For My Mother

If this is play money - open her a checking account and show her how to write checks.

Seriously she may not know how to have fun. And that is really what the question was.

She could care less about the money. She needs to know how to spend the money.
by derosa
Tue Apr 01, 2014 6:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Portfolio For My Mother
Replies: 18
Views: 1053

Re: Mr. Money Mustache: Hero or Foolish?

As long you as you spell his name and blog correctly I bet he really doesn't care what you think. He has a lifestyle that he and his family like. It works for them. Hey -- Go for it. I think most of the criticism here comes becasue he makes people just a little uncomfortable with the choices that th...
by derosa
Tue Apr 01, 2014 6:50 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 253
Views: 28237

Re: The Finance Buff uses a Vanguard Planner.

This experience with planning at vanguard reflects ours over the last several years. Low key, common sense, here are some ideas/options. No one is trying to sell you anything. Were these answers/responses the correct ones? Who knows - since we don't have all the details and it is not our life. In th...
by derosa
Tue Apr 01, 2014 6:38 pm
 
Forum: Investing - Theory, News & General
Topic: The Finance Buff uses a Vanguard Planner.
Replies: 27
Views: 3634

Re: Is The US Stock Market Rigged? ~ 60 Minutes March 30, 20

All transactions are being skimmed. Therefore all transaction costs are higher. Therefore Vanguard costs are higher. Therefore your return is lowered due to higher costs. Even if you are not trading specifically and actively. The Vanguard question really is - why did no one at Vanguard figure this o...
by derosa
Mon Mar 31, 2014 10:09 am
 
Forum: Investing - Theory, News & General
Topic: 60 Minutes 3-30-14: Michael Lewis book "Flash Boys"
Replies: 70
Views: 2538

Re: Is The US Stock Market Rigged? ~ 60 Minutes March 30, 20

Also nice article in this mornings NY Times - front page.

This is not about index versus active. Everyone was getting screwed.

Even Vanguard was getting taken. They had no idea what was geing done to them until these people showed them. J

ust shows how much money is in the game for everyone.
by derosa
Mon Mar 31, 2014 9:51 am
 
Forum: Investing - Theory, News & General
Topic: 60 Minutes 3-30-14: Michael Lewis book "Flash Boys"
Replies: 70
Views: 2538

Re: How much do I need? What's good enough?

I don't see anything in your post about debt, house or a mortage, health, family like spouse and dependents and what your spending is. I doubt you can predict 30 much less 20 or 10 years into the future. If you think you can -- go back 30 years in your life and look into the future. How did that wor...
by derosa
Fri Mar 28, 2014 6:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: How much do I need? What's good enough?
Replies: 14
Views: 2467

Re: Lowes Install Services- anyone use them for a new bathro

40 sf?

that is an 8' by 5' room. And you have a vanity, toilet and shower unit in there?
by derosa
Fri Mar 28, 2014 6:07 pm
 
Forum: Personal Consumer Issues
Topic: Lowes Install Services- anyone use them for a new bathroom?
Replies: 22
Views: 1796

Re: Fund expense and profit

About the only thing that is somewhat decent at predicting future performance is fund cost/expenses. Lower is better in the long run.

Assuming all other things are equal of course.
by derosa
Fri Mar 28, 2014 6:01 pm
 
Forum: Investing - Theory, News & General
Topic: Fund expense and profit
Replies: 13
Views: 452

Re: Financial Plan from Vanguard?

Sounds like you are jumping off the deep end without finishing the process. I wonder how important this is to you if it is taking this long for you to setup a phone call with the advisor to discuss? We have had a number of plans by VG and they always give you a draft to review. then you talk with th...
by derosa
Fri Mar 28, 2014 5:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial Plan from Vanguard?
Replies: 23
Views: 2949

Re: Why does a Boglehead move to an adviser at 1.25% AUM?

Why did he do it?

Because he wanted to.
by derosa
Thu Mar 27, 2014 5:15 pm
 
Forum: Investing - Theory, News & General
Topic: Why does a Boglehead move to an adviser at 1.25% AUM?
Replies: 63
Views: 4241

Re: BBQ Road Trip

As one who has lived in both nc and sc and eaten pig for a long time here are some suggestions - 1. Lexington #1 as noted about is the best. You can easily see all the smoke from behind the building. that tells you it is the real thing. They have been doing it forever. 2. Kyle Fletchers. Gastonia NC...
by derosa
Tue Mar 25, 2014 1:39 pm
 
Forum: Personal Consumer Issues
Topic: BBQ Road Trip
Replies: 50
Views: 2946

Re: How do I convince my 78 year old mom to go passive?

There seems to be no information on her spending, what she is doing or what she wants to do. All this is about you thinking you can increase her money. For what purpose? OK for the next 10 years she gets maybe 1% more in return due to lower costs. 10 years go by. And its time to spend that extra mon...
by derosa
Sat Mar 22, 2014 6:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do I convince my 78 year old mom to go passive?
Replies: 28
Views: 2584

Re: Who cares about inflation in retirement?

Firecalc let's you assume reduced spending or constant spending.

Bernicke among others has investigated this.

The idea/concept has been around for awhile. Shouldn't be too difficult to find a number of sources of research.
by derosa
Fri Mar 14, 2014 8:16 pm
 
Forum: Investing - Theory, News & General
Topic: Who cares about inflation in retirement?
Replies: 55
Views: 3765

Re: Tax Bracket -vs TaxTable what am I missing?

For 2014 the break points are $18,150 for 10% and $73,800 for 15%.

And don't forget to add the calculations for each level together to get your total tax.
by derosa
Thu Mar 06, 2014 7:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Bracket -vs TaxTable what am I missing?
Replies: 14
Views: 870

Re: Best place to buy bike parts

You bought the name when you went with Campy. Now you are going to die with them to keep your grupo.

Campy was never cheap - even 14 years ago. You knew that going in, right?
by derosa
Thu Mar 06, 2014 6:59 pm
 
Forum: Personal Consumer Issues
Topic: Best place to buy bike parts
Replies: 22
Views: 1417

Re: Trusting My Auto Mechanic

How can you have two trusted mechanics?

Seems like you don't have any trusted mechanics if you are going to more than one. A trusted mechanic is someone that you go to -- for years.

And don't shop around on like what you are doing.
by derosa
Thu Mar 06, 2014 6:53 pm
 
Forum: Personal Consumer Issues
Topic: Trusting My Auto Mechanic
Replies: 14
Views: 1266

Re: Paying for a Referral/Connection -- Business Start-up

Seems like if you don't use the BIL's buddy you don't have any problems? You have said their are other sources - use them.
by derosa
Sun Mar 02, 2014 10:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for a Referral/Connection -- Business Start-up
Replies: 14
Views: 755

Re: Help with Allocation and Confusion over Calculator Resul

All the calculators can tell you is (1) if you are in the ballpark and (2) you can't take out 12% a year and expect it to last for 40 years. On the other hand there is a chance it could.
by derosa
Sun Feb 16, 2014 10:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Allocation and Confusion over Calculator Results
Replies: 7
Views: 463

Re: Tax confusion & Questions... [Residence in multiple stat

Why don't you ask a tax professional? The peace of mind is wonderful.
by derosa
Sun Feb 16, 2014 10:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax confusion & Questions... [Residence in multiple states]
Replies: 11
Views: 486

Re: Two schedule Cs, net loss. FICA and solo 401k help pleas

Gee --- a tax prep guy coming to this board for insights into completing tax returns for others who pay him money. There are just so many things about this it just makes ones head spin.
by derosa
Sun Feb 16, 2014 10:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Two schedule Cs, net loss. FICA and solo 401k help please.
Replies: 14
Views: 525

Re: backing out of home purchase

You are a wheeler and dealer - what do you care about chump change?
by derosa
Wed Feb 12, 2014 1:55 pm
 
Forum: Personal Consumer Issues
Topic: backing out of home purchase
Replies: 22
Views: 2104

Re: A $1000 lesson on how manipulative salespeople can be?

This is called "Buyer's Remorse." You have a classic case of it. Every sales person in the world is familiar with it. That is why there are rules and policies. You clearly liked what you saw in the shop and wanted it. You bought it. No one tricked you. No one manipulated you. You got what ...
by derosa
Sun Feb 09, 2014 6:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: A $1000 lesson on how manipulative salespeople can be?
Replies: 70
Views: 8006

Re: Visiting NYC (New York City)

Stay someplace on w 23rd. There are subways to everywhere along 23rd but nothing goes to Javits. In manhatten they almost all go north - south. Walk east and don't stand in that long stupid line waiting for taxis - all those cabs you see on the street there are going back to the office at shift end....
by derosa
Sat Feb 01, 2014 8:35 pm
 
Forum: Personal Consumer Issues
Topic: Visiting NYC (New York City)
Replies: 31
Views: 1588

Re: Another Social Security spin......

Everybody seems to talk about the % differences in waiting versus not waiting. Almost no one talks about the absolute numbers themselves. And the absolute numbers are not very large. Over the last few days the drop in the market has been far larger than any annual difference in money from SS. And th...
by derosa
Sat Feb 01, 2014 8:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another Social Security spin......
Replies: 48
Views: 2954

Re: Windows XP users

Getting rid of XP will probably reduce the amount of spam and junk blasted around the internet. All those bots just love XP. Yes I know the 15 people that keep up their security and stuff have responded to this post. Think of the millions that are using XP and don't know what they are doing.
by derosa
Mon Jan 20, 2014 10:29 pm
 
Forum: Personal Consumer Issues
Topic: Windows XP users
Replies: 206
Views: 13599

Re: NY Times: In Fund Expenses, Tenths of a Point Mean a Lot

Looks like the cheapest funds were out performed -

"The Gerstein Fisher finding that the cheapest funds underperformed the next-to-cheapest group also suggests that the link between costs and returns isn’t so simple."
by derosa
Sun Jan 12, 2014 8:31 pm
 
Forum: Investing - Theory, News & General
Topic: NY Times: In Fund Expenses, Tenths of a Point Mean a Lot
Replies: 20
Views: 2168

Re: More income for my 78 yr. old aunt

This is a very risky portfolio. Huge amount in one stock. Very concentrated risk. Huge amounts in savings earning nothing. And when she rolls them over will earn even less. That is easily half her money. I think you have to educate her on what risk is. And in what a risky position she actually is in.
by derosa
Sun Jan 05, 2014 5:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: More income for my 78 yr. old aunt
Replies: 24
Views: 2695

Re: Buy VS Rent as a factor in Asset Allocation

You have to live some place. LIving is not part of your investments or your assets or any allocation. It is where you live. It is shelter, etc. It is where you go when you go home. You go home no matter what your investments or your savings or whatever are.
by derosa
Sat Dec 28, 2013 8:24 pm
 
Forum: Investing - Theory, News & General
Topic: Buy VS Rent as a factor in Asset Allocation
Replies: 26
Views: 1440

Re: Do you tip a self-employed person or business owner?

If someone does something for you, it was well done and you appreaciate it - give them a tip. THis certainly applies in the services area.

On the other hand I am not tipping my banker or the cashier at the grocery store.
by derosa
Fri Dec 20, 2013 9:20 pm
 
Forum: Personal Consumer Issues
Topic: Do you tip a self-employed person or business owner?
Replies: 25
Views: 1491

Re: Discounts for seniors

Harris Teeter senior discount is in Thursday, not Tuesday. It is 5% doesn't include alcohol.
by derosa
Sun Dec 15, 2013 9:22 pm
 
Forum: Personal Consumer Issues
Topic: Discounts for seniors
Replies: 19
Views: 2116

Re: Family member renting 2nd house. Ok to ignore on tax ret

Talk to an accounting professional to get the proper and appropriate information about your situation. If you don't like the information - just ignore it and keep doing what you are doing. At least at that point you will know what your liability is. Anything that anyone on this board provides you is...
by derosa
Sat Dec 07, 2013 9:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Family member renting 2nd house. Ok to ignore on tax return?
Replies: 197
Views: 10639

Re: Wine for daily consumption?

$2 Buck Chuck or on the East coast $3 buck Chuck. This is for everyday drinking around the house. Given that a majority of people can't tell the difference between a red and a white wine in a blind taste test (You don't get to see what you are drinking - No) why would you spend a lot more? It has be...
by derosa
Wed Dec 04, 2013 7:18 pm
 
Forum: Personal Consumer Issues
Topic: Wine for daily consumption?
Replies: 105
Views: 5167

Re: 401K rollover to Vanguard

roll them over to a money market account. That time ( a couple weeks) will give you the chance to consider your direction from there.
by derosa
Wed Dec 04, 2013 7:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K rollover to Vanguard
Replies: 4
Views: 236

Re: Wife upset - loss of principal in Bonds

Are you going to be writing checks against the bond funds?

I think you (and your wife) need to learn the difference between a checking account and investing?
by derosa
Wed Dec 04, 2013 7:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wife upset - loss of principal in Bonds
Replies: 60
Views: 7023

Re: Should a pay raise offer be negotiated?

Just because everything is negotiable doesn't mean that you will get what you want. Just asking for more money because you want more money doesn't get you more money. How much more money did you make the company this year than last year? Prove it. Making more money can also mean cutting costs... And...
by derosa
Wed Dec 04, 2013 7:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should a pay raise offer be negotiated?
Replies: 20
Views: 1799

Re: Admiral Shares

Compare shares on the website.
by derosa
Sat Nov 30, 2013 9:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Admiral Shares
Replies: 4
Views: 860

Re: Rookie error…now what?

Keep in mind that you don't have a loss (or gain) until you actually sell. Right now it is just numbers going up and down.
by derosa
Sat Nov 30, 2013 9:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rookie error…now what?
Replies: 7
Views: 1399
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