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by derosa
Fri May 22, 2015 7:41 pm
Forum: Personal Consumer Issues
Topic: Acceptance of 'prize' when employer pays for function?
Replies: 5
Views: 708

Re: Acceptance of 'prize' when employer pays for function?

Your boss sets the rules.

In the vast majority of cases door prizes are kept by the individual who attended the event. Thanks for coming. You were here for 3 hours.

No need to report unless you are getting a 1099 and that would be a $600 gift threshold.
by derosa
Fri May 22, 2015 7:35 pm
Forum: Personal Consumer Issues
Topic: Questioning a dental hygienist ?
Replies: 5
Views: 244

Re: Questioning a dental hygienist ?

[OT medical advice removed by admin LadyGeek]

It is a little odd that the dentist is not in charge of the office staff. An "odd young guy" doesn't paint a high level of confidence on your part.

[OT medical advice removed by admin LadyGeek]
by derosa
Fri May 22, 2015 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: please confirm: early retirement
Replies: 32
Views: 1652

Re: please confirm: early retirement

You can do it. Any adjustments will come out of the expense side. My thought, mentioned by others above, is that $35 or $40K a year for everything is not very much. Basically about $3k a month for everything? Maybe a little more at $50k a year - $4k a month. Of course i have no idea what your lifest...
by derosa
Mon May 18, 2015 3:19 pm
Forum: Personal Consumer Issues
Topic: How fast should I ride my bicycle?
Replies: 64
Views: 4196

Re: How fast should I ride my bicycle?

Riders can get 120 rpm. There is no barrier at 100 or 105 rpm. Yes it takes practice. Spin and Grin. IF you are pushing it then you need to drop down a gear and get your rpms up. Get off the greenway and get on the road. You have a road bike not a sidewalk bike. Interval training. There are two comp...
by derosa
Mon May 18, 2015 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: liability question for inherited home
Replies: 18
Views: 995

Re: liability question for inherited home

Be agressive on selling the house. Tell the agent to drop the prices. Her cut isn't that large to start with so dropping the price $25,000 won't have much impact on her commission. Dropping the selling price that much is probably only $300 - $400 less commission to her. Honestly what you have given ...
by derosa
Fri May 15, 2015 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Conundrum: Can do my own books but banks require CPA statement
Replies: 23
Views: 1505

Re: Conundrum: Can do my own books but banks require CPA statement

It is not Quickbooks that they have a question in the back of their mind about. It is you. You show up with great reports and want a loan? Well who besides you says the documents are correct and not made up out of whole cloth? If you are really going to grow and become a reasonable sized business yo...
by derosa
Fri May 15, 2015 12:19 pm
Forum: Personal Consumer Issues
Topic: Roof Replacement, upgrade or not?
Replies: 15
Views: 1095

Re: Roof Replacement, upgrade or not?

Installed properly neither roof should leak. That of course is the key to your new roof - no leaks. Architectural shingles are a little thicker and give some 'texture' to the roof. But functionally it makes no difference. Given the small size of the house you don't have much roof. You are moving soo...
by derosa
Tue May 12, 2015 1:51 pm
Forum: Personal Consumer Issues
Topic: Mechanics fails to fix problem
Replies: 17
Views: 1400

Re: Mechanics fails to fix problem

You drive back and say the problem isn't fixed.

See what he says. Should be something along the lines of lets get it right in and take a look.
by derosa
Sun May 10, 2015 6:22 pm
Forum: Personal Consumer Issues
Topic: Should I buy a lighter bicycle or lose body weight?
Replies: 53
Views: 3946

Re: Should I buy a lighter bicycle or lose body weight?

From someone who averaged 6,000 miles a year when younger on a road bike. A person will always be a nice fat potato sitting on a stick when you are riding a bike. Keep in mind that above 13mph your are spending over 90% of your energy simply to overcome wind resistance. So lose 20 lbs and you will p...
by derosa
Sun May 10, 2015 6:13 pm
Forum: Personal Consumer Issues
Topic: Do banks take loose coinage?
Replies: 55
Views: 3461

Re: Do banks take loose coinage?

My branch bank won't count loose money but will take rolled money. Wrapper doesn't have an account number on it either.

Something to do while watching TV of course.
by derosa
Fri May 08, 2015 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Any circumstances when a home seller gives a buyer a check
Replies: 16
Views: 1706

Re: Any circumstances when a home seller gives a buyer a check

When you have the same person representing both sides of the transaction you can only get 50% of their effort. Or worse??? Wouldn't you rather have someone who is 100% on your side? And then their is no question who they are looking out for. Its questionable enough when the two agents work for the s...
by derosa
Thu May 07, 2015 3:07 pm
Forum: Personal Consumer Issues
Topic: How are packages delivered to curbside mailboxes?
Replies: 31
Views: 2147

Re: How are packages delivered to curbside mailboxes?

USPS has been delivering mail before there were mailboxes. They have this one figured out. Small stuff in or on the box. Big stuff at the front door and one ring. If that doesn't reassure you ask the neighbors. UPS / Fedex will leave without signing if it is a safe neighborhood. Rainy days gets you ...
by derosa
Thu May 07, 2015 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Do Updates to Home Increase Market Value?
Replies: 32
Views: 2160

Re: Do Updates to Home Increase Market Value?

Seems like you are just taking the word of the first person to walk in the door. Step back. Get 3 more realtors in there to bid on selling your house. Part of their presentation should be how great they are of course. And that would include a market analysis. Always can go fsbo if you are in no rush.
by derosa
Tue May 05, 2015 10:06 am
Forum: Personal Consumer Issues
Topic: Truecar -- isn't this just a car buying scam?
Replies: 123
Views: 8207

Re: Truecar -- isn't this just a car buying scam?

Gee - for all the time the OP spent on this board moaning about truecar he could have gone out and bought a new car and be driving it.
by derosa
Mon May 04, 2015 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement Options......
Replies: 15
Views: 1534

Re: Help with Retirement Options......

I would lean to the lump sum. Based on the fact that you seem to be a careful and reasonable person and will take care of it as you have already been doing with other parts of your investments. You can always, for quite some time turn that into a spia or a partial spia or several spread over time. T...
by derosa
Mon May 04, 2015 5:24 pm
Forum: Personal Consumer Issues
Topic: What happens if you violate an HOA?
Replies: 35
Views: 3401

Re: What happens if you violate an HOA?

If an HOA is pretty loose in a few years you can guess what your neighborhood will look like. Not much like the reason you bought and moved in. THe by-laws and CCRs give you all the info you need to know. YOur state probably also has general laws that cover HOAs. IF it is still being built then the ...
by derosa
Mon May 04, 2015 5:16 pm
Forum: Personal Consumer Issues
Topic: Used vehicle purchase disaster
Replies: 37
Views: 3765

Re: Used vehicle purchase disaster

As Is is As Is. Used vehicles should always get looked over by your mechanic before you buy.

No idea what a 90 day warranty on a vehicle with 150,000 miles will do for you. I doubt you would get a $2,000 or $3,000 used transmission for nothing.
by derosa
Sun May 03, 2015 10:50 am
Forum: Personal Consumer Issues
Topic: Truecar -- isn't this just a car buying scam?
Replies: 123
Views: 8207

Re: Truecar -- isn't this just a car buying scam?

Have used consumer reports version of trucar a couple times in last 4 years. It is a starting point. You can always get a better deal at the end of the month, end of the quarter, end of the night. You can get a better deal by putting a significant amount of your time into it. That is the cost to you...
by derosa
Sat May 02, 2015 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Help with Property Taxes (2nd year New Build)
Replies: 18
Views: 944

Re: Help with Property Taxes (2nd year New Build)

Property assessment for tax purposes and a sales price are 2 entirely different things. If someone offered to buy your house at $150sf would you say no it has to at $90sf. Of course not. If you are undervalued as you claim -- pay your taxes and sit tight. What you don't want to have happen is have o...
by derosa
Thu Apr 30, 2015 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Ethical [Compensation based on sales]
Replies: 67
Views: 4330

Re: Ethical [Compensation based on sales]

this company clearly has no interest in or respect for their salespeople and their efforts. When they convert a top performing person to salary they are capping his earnings but the company's earnings get even larger (not paying commissions). They don't recognize that when the salesperson's earnings...
by derosa
Mon Apr 27, 2015 8:40 am
Forum: Personal Consumer Issues
Topic: How far away from a freight railroad track should you live?
Replies: 51
Views: 3331

Re: How far away from a freight railroad track should you li

"Bothersome" is a personal thing so there is no objective measure. The first week you will hear it a lot. Its brand new, just like everything in the new house. Hey that toilet sounds funny when you flush it. Etc etc. In two months you might still hear it. In 6 - 9 months you won't notice i...
by derosa
Tue Apr 21, 2015 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: help with parent's porfolio
Replies: 8
Views: 748

Re: help with parent's porfolio

You might look at the lifestrategy conservative or moderate growth. 40/60 and 60/40. Fund of funds. They maintain the balance. Not real excited about the international bond. If nothing else this might give you some ideas on asset allocation. You could always implement something very similar with etf...
by derosa
Tue Apr 21, 2015 2:59 pm
Forum: Investing - Theory, News & General
Topic: evaluating two different portfolios in terms of risk/rewards
Replies: 3
Views: 360

Re: evaluating two different portfolios in terms of risk/rew

without doing any research this sounds very much like a conservative growth lifestrategy fund. set it and forget it.
by derosa
Sat Apr 18, 2015 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: what to do about variable annuities?
Replies: 16
Views: 1620

Re: what to do about variable annuities?

Exact same situation with my mother. Although the amount of the annuity is about half. She had held it past the period where any surrender charges might apply. It sounds like you would be past that time period as well. The annual fees were almost 3%. A large amount compared to VG annuities. She also...
by derosa
Sat Apr 18, 2015 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: To TIP or not to TIP (funds)?
Replies: 23
Views: 3474

Re: To TIP or not to TIP (funds)?

Look at a current bond table for yields today. A 30 YEAR bond has a yield of 2.5%. A 10 YEAR note of 1.8%. So people are willing to tie their money up for 10 years for 1.8% or 30 years for 2.5%. Uhhh - no one is expecting any inflation. At least these are in positive territory. Go look at Europe for...
by derosa
Fri Apr 17, 2015 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Still having a hard time on retiring
Replies: 43
Views: 6471

Re: Still having a hard time on retiring

You may hate dealing with money matters but at this point it is your life and what that life will be. Isn't that worth a few hours a week my friend? If nothing else for your family's life? How do you explain to them that i went to this guy and in a short time i have no money for us. Wow I am not sur...
by derosa
Fri Apr 17, 2015 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Defined Benefit Plan help
Replies: 9
Views: 754

Re: Defined Benefit Plan help

It certainly seems like he has time to do the following 2 items: 1. Talk with his HR people about what his benefits are. What the options are. Does he get health insurance as a retiree? 2. Figure out what his financial situation is. I assume he will also be getting social security. And he has money ...
by derosa
Fri Apr 17, 2015 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Bracket Question
Replies: 27
Views: 2262

Re: Federal Tax Bracket Question

Didn't your tax preparer give you a complete copy of the tax forms and all the worksheets? For both state and federal? This is certainly an odd time to be asking this question. Surely you had to review and sign off on the return before it was filed? All you have to do is look at what you filed and f...
by derosa
Fri Apr 17, 2015 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks are on sale, should I buy?
Replies: 54
Views: 5941

Re: Stocks are on sale, should I buy?

But wait on Monday the sale continues - its going to be down 2%. So don't buy today you will have a better sale the next business day.

Or is it going down on Tuesday? I can't really keep it straight.

You get the point.
by derosa
Wed Apr 15, 2015 5:30 pm
Forum: Personal Consumer Issues
Topic: How much should a small tile floor (3' X 5') cost? $2000?
Replies: 47
Views: 3440

Re: How much should a small tile floor (3' X 5') cost? $2000

Maybe the guy doesn't want to do the job? So he prices it so that he won't get the work. Hmmm...wouldn't be the first time someone didn't want the work but didn't want to say no - to either his friend the plumber or the client. Minimum of two trips. Thats at least $100 - $200 a trip just for the guy...
by derosa
Wed Apr 15, 2015 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Preparer Guarantees
Replies: 11
Views: 1161

Re: Tax Preparer Guarantees

No tax preparer guarantees anything. What they will do is explain why they did what they did based on what my client told me.

A math error is a different story of course.
by derosa
Mon Apr 13, 2015 7:32 pm
Forum: Personal Consumer Issues
Topic: Health insurance claim denied -Need tips on filing an appeal
Replies: 9
Views: 891

Re: Health insurance claim denied -Need tips on filing an ap

Your first step is the docs office. From your notes it was their incomplete information that caused the denial. They need to provide the detailed information that you have included here. Once that is done they need to resubmit the corrected or revised claim. It appears based on your information that...
by derosa
Mon Apr 13, 2015 5:56 pm
Forum: Personal Consumer Issues
Topic: Neighbor hired a surveyor. Should I be nervous?
Replies: 73
Views: 8590

Re: Neighbor hired a surveyor. Should I be nervous?

From your information it sounds like it is his fence by about 1'. Should you be worried? Hard to say at this point. You have no idea why the survey was done. Could be something completely unrelated to the fence - maybe a question onthe other side of the lot? If he likes HIS fence probably not a prob...
by derosa
Tue Apr 07, 2015 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Rebalancing and Tax Implications
Replies: 7
Views: 827

Re: Portfolio Rebalancing and Tax Implications

Rebalancing is for managing risk. I would be shocked if you had to rebalance on a quarterly basis, even on an annual basis. It might be best to avoid a calendar date as a reason for rebalancing and let the asset allocation % guide you. Rebalance with new money. Another option is to direct dividends ...
by derosa
Tue Apr 07, 2015 7:54 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard LifeStrategy Conservative Growth Fund
Replies: 11
Views: 1235

Re: Vanguard LifeStrategy Conservative Growth Fund

Just take it out of the fund as you need it or monthly or quarterly. You'll pay capital gains at whatever rate you are at of course. Put it in your checking account or money market account and write checks off it from there. Could be that by putting it in a bond fund could be creating a 2nd set of t...
by derosa
Mon Apr 06, 2015 10:19 am
Forum: Investing - Theory, News & General
Topic: Switching 40% of my portfolio to bonds: just can't do it.
Replies: 52
Views: 7244

Re: Switching 40% of my portfolio to bonds: just can't do it

You don't have to hold bonds. Just like you don't have to hold any particular asset.

However you have provided no context in your post to give us any background to help understand where you are at. For example are you 20 or 80?
by derosa
Sun Apr 05, 2015 5:25 pm
Forum: Personal Consumer Issues
Topic: LOL how long do you keep old tax returns
Replies: 39
Views: 3293

Re: LOL how long do you keep old tax returns

Theoretically you might want to keep them a very long time. Let's say they go back a few years to audit or question. And find something. They can then go back another 7 years from that point and so on. What are the chances of that - obviously very small. On the other hand - You can't ever say you ar...
by derosa
Sun Apr 05, 2015 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Making sure i understand income taxes after retirement
Replies: 8
Views: 1503

Re: Making sure i understand income taxes after retirement

You might also want to consider what part of your ss benefit is taxable. I believe that those things would be considered for determining how much of your benefit is considered taxable. This is a little different than your question - you probably have already researched the taxation of your social se...
by derosa
Sun Apr 05, 2015 5:06 pm
Forum: Investing - Theory, News & General
Topic: replicating AA in each account (or not)
Replies: 20
Views: 838

Re: replicating AA in each account (or not)

You or your family has one pot of money. You can split it up 19 ways or 3 ways or not at all - it still adds up to the exact same amount of money. If you put it all in your front left pocket you have N total dollars. If you put half in the front left pocket and half in the front right pocket - you h...
by derosa
Fri Apr 03, 2015 5:54 pm
Forum: Personal Consumer Issues
Topic: Gearing up for big replacement windows project
Replies: 35
Views: 2737

Re: Gearing up for big replacement windows project

Just for laughs a price comparison - 25 year old house that had basic double pane windows with lots of little seepy cracks around the edges. You know the drafts I am talking about. argon, low E, grilles inside, installed, old stuff taken away, exterior frame wrapped in aluminum - complete: Lowe's vi...
by derosa
Mon Mar 30, 2015 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: All lazy portfolios impossible at Vanguard?
Replies: 23
Views: 2898

Re: All lazy portfolios impossible at Vanguard?

VSMGX. lifestrategy moderate growth. 60/40 s/b with international in both. 0.16% ER.

What's not to like about that? 1 fund. asset allocation maintained.

When you get $20K or $30K you might consider breaking out to individual funds/etfs.
by derosa
Sat Mar 28, 2015 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house to save on taxes?
Replies: 18
Views: 1897

Re: Buying a house to save on taxes?

You have to live some place. Housing is shelter, a place to sleep, eat, live, etc etc. So you have to be some place. Maybe 3 years? In other words who knows - right? That's a long time. Your family might as well enjoy itself. You only have one life to live. Who knows - your employer sees you buying ...
by derosa
Sat Mar 28, 2015 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: Is this a decent withdrawal strategy?
Replies: 17
Views: 1816

Re: Is this a decent withdrawal strategy?

You should easily be getting at least 2% or more per year in dividends and capital gains. That would be $80,000. All that directed to checking account or money market. Not reinvested. You will have to pay taxes out of that of course. You should never have to sell anything based on the numbers provid...
by derosa
Fri Mar 27, 2015 10:09 pm
Forum: Investing - Theory, News & General
Topic: Retirement calculation lies? [Geometric vs. arithmetic mean]
Replies: 49
Views: 5642

Re: Retirement calculation lies?

Still haven't seen where the lie is that you referred to in your headline? You are implying that the tool is not working correctly. A calculator is a calculator is a tool. They all do what they say they will do if you give them some data. I would be confident that the Boglehead's tool is not lying t...
by derosa
Fri Mar 27, 2015 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Son graduating college-what to do?
Replies: 39
Views: 3411

Re: Son graduating college-what to do?

Gee his life sounds like everyone else graduating from college. Not sure i understand your need to helicopter on this. If he wants it bad enough he will figure it out. That seems pretty simple - that would be motivation. If you want to do something pay for the uhaul to get his stuff there.
by derosa
Fri Mar 20, 2015 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help w/ my mom's financial situation
Replies: 18
Views: 1852

Re: Help w/ my mom's financial situation

You need to check but i think Ohio is PERS and not Social Security. Some states are setup like that. That is in place of social security. She might be able to claim a SS benefit from her husband? Ohio is and always has been a non-Social Security state. Instead, Ohio’s public employees contribute int...
by derosa
Fri Mar 20, 2015 5:19 pm
Forum: Personal Consumer Issues
Topic: New washing machine won't fit down basement steps.
Replies: 32
Views: 3161

Re: New washing machine won't fit down basement steps.

On Maytags the front/sides/top of the cabinet all tilts forward as one unit over the tub & basket and lifts off. The back panel and the control section on top of the back are one piece. This is just 'flimsy' sheet metal. The base is still just about as wide. However you may be able to do some ji...
by derosa
Thu Mar 19, 2015 5:39 pm
Forum: Personal Consumer Issues
Topic: Vinyl or wood fence
Replies: 36
Views: 2153

Re: Vinyl or wood fence

My FIL used vinyl. To me vinyl looks plastic. And yes that isn't a compliment. Bright white in the backyard isn't the look i would want. Vinyl isn't maintenance free. Still has to be cleaned / washed on a regular basis. In a shady area you could get a nice green mildew cover growing on it. Depending...
by derosa
Mon Mar 16, 2015 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: maximum social security benefit
Replies: 17
Views: 1998

Re: maximum social security benefit

I would just chalk it up to she is having a good story at your expense. From what you have talk us you have no actual facts about her work history or where she is getting this number.

Let it go - she got you.

Tell her about the killing you made on Facebook.
by derosa
Sat Mar 14, 2015 5:16 pm
Forum: Investing - Theory, News & General
Topic: Should you hold bonds and a mortgage at the same time?
Replies: 90
Views: 8285

Re: Should you hold bonds and a mortgage at the same time?

putting only $100K in to the house?

the bottom just fell out of your net worth.

$1M - $100k = $900k

$900k - $400k = $500k networth

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