Search found 182 matches

by jasc15
Fri Jul 17, 2015 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: 60K Car Maintenance Service = $600. Is this Reasonable?
Replies: 48
Views: 3848

Re: 60K Car Maintenance Service = $600. Is this Reasonable?

My car is beyond 60k miles, but the maintenance manual says the following for 60k: Engine Oil and filter, replace Service Reminder Indicator, reset Fuel lines, check Exhaust System/ check for damage leaks Spark Plugs/ replace Coolant Level, check/ adjust Battery, check fluid level and mounting Power...
by jasc15
Thu Jul 16, 2015 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Is there something like a "Bogleheads Guide to Insurance"?
Replies: 7
Views: 1253

Re: Is there something like a "Bogleheads Guide to Insurance"?

I think Jack Hungelmann's Insurance for Dummies is a very good consumer guide. Patrick I will be picking this up once it arrives at my local library, thanks. What I'm hoping to find is a recommended "suite" of insurance which I can determine based on my life situation. My wife and I curre...
by jasc15
Tue Jul 14, 2015 12:55 pm
Forum: Personal Consumer Issues
Topic: Colorado Vacation suggestions
Replies: 53
Views: 4774

Re: Colorado Vacation suggestions

Well, we didn't leave the train since we were between stops, and surrounded by about 5 feet of snow. However, it was probably in the upper 40s I would guess. I did not have a jacket, just a long sleeve cotton shirt and was comfortable. The weather was sort of strange since you have cold air and hot ...
by jasc15
Tue Jul 14, 2015 8:44 am
Forum: Personal Consumer Issues
Topic: Colorado Vacation suggestions
Replies: 53
Views: 4774

Re: Colorado Vacation suggestions

I'll offer what my wife and I did on our recent trip there: AirBNB in Arvada, then drove up to Rocky Mountain National Park through Estes Park (this is a town, not another park) for a hike from Bear Lake to Emerald Lake, both of which were frozen in early April. We had excellent weather that day and...
by jasc15
Tue Jul 14, 2015 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Is there something like a "Bogleheads Guide to Insurance"?
Replies: 7
Views: 1253

Re: Is there something like a "Bogleheads Guide to Insurance"?

Yes, I've read that article and several of the articles linked within. I'm asking if there are some recommended books on insurance that are in a similar vein as those recommended on this site for investment, retirement planning, etc.
by jasc15
Mon Jul 13, 2015 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Is there something like a "Bogleheads Guide to Insurance"?
Replies: 7
Views: 1253

Is there something like a "Bogleheads Guide to Insurance"?

I've learned a lot about insurance simply by picking up posts here and there in response to specific questions on various types of insurance (auto, life, disability, etc.), even when the question wasn't relevant to my situation. However, if there existed a book along the same lines as some of the re...
by jasc15
Fri Jul 10, 2015 2:10 pm
Forum: Investing - Theory, News & General
Topic: look at structured notes
Replies: 16
Views: 1325

Re: look at structured notes

The advisor of a trust for which I am a trustee recently tried to sell me on a structured note. Of course his descriptions were gleaming with opportunity, the first bit of reading I did about them (some from this site's wiki) said to avoid like the plague.
by jasc15
Tue Jun 30, 2015 1:21 pm
Forum: Personal Consumer Issues
Topic: Learning Guitar
Replies: 30
Views: 3573

Re: Learning Guitar

I have a Picture Chord Encyclopedia and a Pop Rock Fake Book , which I can use to learn almost any song. It would be useful to take some introductory lessons to learn proper technique, and a bit of theory (which helps to understand what it means to play in a key, and to understand the chord shapes r...
by jasc15
Tue Jun 23, 2015 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Response from advisor on fees - yikes!!!
Replies: 4
Views: 1359

Re: Response from advisor on fees - yikes!!!

Yikes, indeed. I have become a trustee and am afraid to even ask what the advisor's fee is, since the mutual funds alone average 1.7% in expense ratios/12b-1 fees. It would be interesting to see the response.
by jasc15
Mon Jun 22, 2015 12:42 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 146
Views: 24456

Re: When saving money becomes an irrational obsession

This reminds me of the wealthy old relative in the family. He had a rotary dial phone until around 2009 because there was a small surcharge for pulse dialing. I have a DOCSIS 2.0 cable modem which limits my download speed to 20 MBPS because I refuse to rent a DOCSIS 3.0 from Time Warner for $7/mont...
by jasc15
Wed Jun 17, 2015 11:24 am
Forum: Investing - Help with Personal Investments
Topic: I'm now a trustee of an Irrevocable Grantor Trust. Help requested.
Replies: 19
Views: 2223

Re: I'm now a trustee of an Irrevocable Grantor Trust. Help requested.

The trust is to provide income as needed for my grandmother as long as she is living, with my father and aunt (her two children) as both trustees and beneficiaries. My father died last year, and my sister and I are to get my father's half of the trust upon my grandmothers passing ( per stirpes , as ...
by jasc15
Tue Jun 16, 2015 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: I'm now a trustee of an Irrevocable Grantor Trust. Help requested.
Replies: 19
Views: 2223

Re: I'm now a trustee of an Irrevocable Grantor Trust. Help requested.

I'm not happy about the investments either (perhaps that's what you meant when you said "there are lots of issues here..."), and made that known to my father while he was living and acting as trustee. Now that I am trustee, is it feasible (from a financial/investment point of view) to diss...
by jasc15
Tue Jun 16, 2015 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: I'm now a trustee of an Irrevocable Grantor Trust. Help requested.
Replies: 19
Views: 2223

Re: I'm now a trustee of an Irrevocable Grantor Trust. Help requested.

My mistake. It is a Settlor's Trust. This trust agreement is made on [DATE] by and between [NAME], herinafter called the Settlor, and [NAMES] herinafter called the Trustees. The Settlor desires, by this agreement, to create a living irrevocable trust. With regards to the comments about obtaining leg...
by jasc15
Mon Jun 15, 2015 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: I'm now a trustee of an Irrevocable Grantor Trust. Help requested.
Replies: 19
Views: 2223

Re: I'm now a trustee of an Irrevocable Grantor Trust. Help requested.

There are lots of issues here, so you may want to consult with competent trusts and estates counsel. Being a trustee, I have say in how it is invested, so against whom would I litigate? If you aren't referring to litigation, what would I be seeking with legal counsel? Inheritances makes some people...
by jasc15
Mon Jun 15, 2015 11:01 am
Forum: Investing - Help with Personal Investments
Topic: I'm now a trustee of an Irrevocable Grantor Trust. Help requested.
Replies: 19
Views: 2223

I'm now a trustee of an Irrevocable Grantor Trust. Help requested.

I have become a trustee (and a beneficiary) in place of my father recently ( here is a thread on the subject ), and have been going through the complex web of investments. Here is the total trust allocation: 5% CD 34% Variable Annuity (increased to 1.8x its initial value since 11/2008) 23% Fixed ann...
by jasc15
Fri May 29, 2015 10:28 pm
Forum: Investing - Theory, News & General
Topic: World's worst market timer. Buy high, sell... never?
Replies: 12
Views: 2520

Re: World's worst market timer. Buy high, sell... never?

I know it is sometimes inconvenient to read from an outside webpage so I included the full text for reader convenience, as well as the link for proper reference. Although there doesn't appear to be a copyright notice on the referenced blog, I will edit my OP to summarize the main points per the foru...
by jasc15
Fri May 29, 2015 3:02 pm
Forum: Investing - Theory, News & General
Topic: World's worst market timer. Buy high, sell... never?
Replies: 12
Views: 2520

World's worst market timer. Buy high, sell... never?

Just came across this. Thought it might be a fun read. http://awealthofcommonsense.com/worlds-worst-market-timer/ Bob makes all his stock purchases at historic high points over the past 40 years. Meet Bob. Bob is the world’s worst market timer. What follows is Bob’s tale of terrible timing of his st...
by jasc15
Fri May 22, 2015 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Friends/Family that don't invest!
Replies: 94
Views: 11493

Re: Friends/Family that don't invest!

"It doesn't make sense to save for the future because you never know what will happen tomorrow. You may not be in a situation to enjoy your money later, so you might as well enjoy yourself today" This is basically my mother's attitude. Nothing saved for retirement, and now has been out of ...
by jasc15
Wed May 06, 2015 9:56 am
Forum: Personal Consumer Issues
Topic: Frugal car maintenance - Lexus serviced by Toyota
Replies: 49
Views: 3958

Re: Frugal car maintenance - Lexus serviced by Toyota

Perhaps useful here, my local Volvo dealer performed an oil change with oil and filter supplied by me for $20. The only reason I brought it there in the first place was to investigate some potentially serious problem, which turned out to be nothing. I asked what they charge for a synthetic oil chang...
by jasc15
Tue May 05, 2015 1:06 pm
Forum: Personal Consumer Issues
Topic: Wisconsin vacation ideas
Replies: 34
Views: 2618

Re: Wisconsin vacation ideas

EAA Airventure in Oshkosh! EAA is the Experimental Aircraft Association, which focuses mainly on homebuilt and experimental aircraft, however the show has drawn the Concorde, Airbus A380 and Boeing 787. Many vintage planes show up, including the only flying B29. I've never been, but it is on the bu...
by jasc15
Mon May 04, 2015 11:50 am
Forum: Investing - Theory, News & General
Topic: "Don't invest in something you don't understand."
Replies: 55
Views: 3732

Re: "Don't invest in something you don't understand."

I've adjusted this idea for myself to say "Don't invest in something you don't understand to a level that makes you comfortable".
by jasc15
Fri May 01, 2015 7:41 am
Forum: Personal Finance (Not Investing)
Topic: The Engineer's Guide to Investing
Replies: 32
Views: 3313

Re: The Engineer's Guide to Investing

Here is a big one IMO... It's NOT repeat NOT a science... It cannot be reduced to the double derivative and calculated :D Some relevant humor: http://imgs.xkcd.com/comics/drama.png This happens in geek circles every so often. The 'Hey, this is just a system I can figure out easily!' is also a probl...
by jasc15
Thu Apr 30, 2015 5:04 pm
Forum: Personal Consumer Issues
Topic: Freshly roasted coffee beans
Replies: 29
Views: 2134

Re: Freshly roasted coffee beans

I got a hand-me-down espresso machine from a friend, and my wife and I have a cappuccino several times a week since. We haven't even gone through 1/4 pound of beans in almost 3 weeks. Since all I read about fresh roasted coffee is that it should be consumed within 7-10 days, I don't understand how f...
by jasc15
Tue Apr 28, 2015 11:07 am
Forum: Personal Consumer Issues
Topic: Freshly roasted coffee beans
Replies: 29
Views: 2134

Re: Freshly roasted coffee beans

I've never ordered coffee online, but there is a roaster near where I live that also sells online. Shipping seems expensive, but I don't know what's typical for coffee.

https://secure.beyondthenet.com/~moon// ... affiliate=
by jasc15
Thu Apr 23, 2015 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming Trustee. Do they need my income and net worth?
Replies: 32
Views: 3085

Re: Becoming Trustee. Do they need my income and net worth?

So I sent an email to the financial advisor asking several questions, including the following: On the Client Profile Worksheet there are questions regarding my personal financial details which I don't feel comfortable disclosing, and I don't feel are necessary or relevant for becoming a trustee. Als...
by jasc15
Tue Apr 21, 2015 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming Trustee. Do they need my income and net worth?
Replies: 32
Views: 3085

Re: Becoming Trustee. Do they need my income and net worth?

My source for saying that it is an irrevocable trust is information from the original poster. I also see that it is an irrevocable trust. I think there is a good chance that the trust was created purposely as an irrevocable trust to get the funds out of her estate and thus to not be available to he...
by jasc15
Tue Apr 21, 2015 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 188
Views: 12715

Re: How much do you pay in Property Taxes?

Wow I will try never to grumble about our almost 9K tax (1.86% in metrowest MA). I've never heard of >3% property tax before this - what are you getting for your money? I ask myself the same question. Since I usually go by the adage "there is no free lunch", what are you getting for 3% pr...
by jasc15
Tue Apr 21, 2015 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming Trustee. Do they need my income and net worth?
Replies: 32
Views: 3085

Re: Becoming Trustee. Do they need my income and net worth?

To my knowledge, the trust was created to place the proceeds of the sale of her house (though I see dates 2 years before the sale), at which time she was beginning to decline in health. By the time she entered the assisted living facility, she was past the 5 year medicaid look-back period.
by jasc15
Tue Apr 21, 2015 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 188
Views: 12715

Re: How much do you pay in Property Taxes?

As a slight tangent regarding tax basis, why in some areas are assessed values sometimes wildly different than market values, and in other areas almost the same?
by jasc15
Tue Apr 21, 2015 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 188
Views: 12715

Re: How much do you pay in Property Taxes?

I live in Northern NJ, but I rent. Looking at houses though, property taxes seem to be around 3% of the home value.
by jasc15
Thu Apr 16, 2015 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming Trustee. Do they need my income and net worth?
Replies: 32
Views: 3085

Re: Becoming Trustee. Do they need my income and net worth?

I know the value of the trust, its financial content and progress, as I can access it online. My father gave me the login information, and my mother continues to get monthly statements. The only distributions from the account are to pay any taxes owed each year, the checks for which are signed by my...
by jasc15
Thu Apr 16, 2015 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming Trustee. Do they need my income and net worth?
Replies: 32
Views: 3085

Re: Becoming Trustee. Do they need my income and net worth?

I will get my hands on the trust document. About a month ago wanted to find out where the division of responsibilities lay between the investor and the lawyer, so I called the lawyer. She told me that she couldn't send me the trust document, but I could be made a trustee. I know that my aunt is the ...
by jasc15
Thu Apr 16, 2015 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming Trustee. Do they need my income and net worth?
Replies: 32
Views: 3085

Becoming Trustee. Do they need my income and net worth?

A trust was created in my (still living) grandmother's name (I don't know what type; revocable, irrevocable, etc.), for which my father and aunt were trustees. My father died about a year ago and I figured I should become trustee in his place. The paperwork they sent me includes a "Client Profi...
by jasc15
Thu Mar 12, 2015 3:17 pm
Forum: Investing - Theory, News & General
Topic: Mathematical: Am I on track towards my retirement goal?
Replies: 21
Views: 2365

Re: Mathematical: Am I on track towards my retirement goal?

I do it using this format I learned in an engineering economics class: (Future Annual Spending)*25 = P*(F/P,7%,30) + A*(F/A,7%,30) + G*(F/G,7%,30) Using 7% and 30 years, the following factors apply: (Future Annual Spending)*25 = P*(7.6123) + A*(94.46) + G*(920.87) If i have $100k invested now (P = $...
by jasc15
Wed Mar 11, 2015 9:22 am
Forum: Personal Consumer Issues
Topic: Where to retire in New England?
Replies: 101
Views: 9122

Re: Where to retire in New England?

In college I lived and worked 2 summers in NH and northeast MA. In that time, I visited Lake Winnipesaukee several times and have dreamed of the place ever since. I am far from retirement, but in the back of my mind somewhere is a dream of retiring on/near that lake.
by jasc15
Wed Mar 04, 2015 2:59 pm
Forum: Personal Consumer Issues
Topic: Car Repair [Maintenance vs. repair costs]
Replies: 20
Views: 2495

Re: Car Repair [Maintenance vs. repair costs]

I would ask how many miles of service you would be buying with a repair, not whether its worth it on an old car. A $2000 repair on a $5000 car might sound crazy, but if you get another 20,000 miles out of it, the repair cost $0.10/mile. A new $25,000 car would need to last 250,000 miles for the same...
by jasc15
Mon Feb 23, 2015 12:37 pm
Forum: Investing - Theory, News & General
Topic: Comedian Kevin Hart: "Stay in your financial lane."
Replies: 3
Views: 1551

Comedian Kevin Hart: "Stay in your financial lane."

I caught the whole hour-long performance this weekend, and I thought this bit was perfect for the forum, except the liberal use of the F-word perhaps. Its a great anecdote about why he doesn't hang out with athletes and other wealthy celebrities anymore in an effort to "stay in his financial la...
by jasc15
Wed Feb 18, 2015 10:07 am
Forum: Personal Consumer Issues
Topic: 2005 Nissan Altima - car issues [kicks back]
Replies: 21
Views: 1969

Re: 2005 Nissan Altima - car issues [kicks back]

Thanks snowman & jasc15 for replying to my post. More than likely it is the transmission, and my guess since it appears they have extended the warranty on model years 2003-2010 is the reason they are telling me "I don't see a problem." I'm sure they are not liking having to do free re...
by jasc15
Tue Feb 17, 2015 5:53 pm
Forum: Personal Consumer Issues
Topic: 2005 Nissan Altima - car issues [kicks back]
Replies: 21
Views: 1969

Re: 2005 Nissan Altima - car issues [kicks back]

Sounds like you might be describing 2 different problems. First is the shaking while applying the brakes. Changing the pads will do nothing if you need new rotors and/or calipers. This is not a big job for a DIY car owner with help from a knowledgeable friend, maybe $250 in parts and shouldn't cost ...
by jasc15
Wed Feb 11, 2015 4:18 pm
Forum: Investing - Theory, News & General
Topic: Your Future According to Yale Star Robert J. Shiller
Replies: 86
Views: 11285

Re: Your Future According to Yale Star Robert J. Shiller

(Shrug) When, O when was the golden age when anxiety and uncertainty were not weighing on individuals, and nobody worried about new technologies I'm relatively young and inexperienced, but I have learned in my 31 years that times are only ever good in the past. The present is always bad. "The ...
by jasc15
Tue Jan 06, 2015 9:43 am
Forum: Personal Consumer Issues
Topic: Any men here get their wedding band on Amazon?
Replies: 66
Views: 4288

Re: Any men here get their wedding band on Amazon?

I bought mine from a guy on etsy who makes titanium rings. It cost $45, and I've been very happy with it for the last 6 months. Of course it can't be resized, but a new one is much cheaper than resizing a gold ring.
by jasc15
Tue Dec 16, 2014 5:28 pm
Forum: Investing - Theory, News & General
Topic: Dilbert: Everything you need to know
Replies: 20
Views: 3110

Re: Dilbert: Everything you need to know

Here is another good one:

Image
by jasc15
Tue Dec 16, 2014 4:19 pm
Forum: Personal Consumer Issues
Topic: Smartphone Cases
Replies: 26
Views: 2630

Re: Smartphone Cases

Otterbox cases are well made and protect your phone quite well, but tend to be expensive. I had one for my previous phone, but now use a cheap ~$6 "thermoplastic polyurethane" (TPU) case, which I find does a good job as well. I got it because the rubber portions of the otterbox case would ...
by jasc15
Wed Dec 10, 2014 8:36 am
Forum: Personal Consumer Issues
Topic: Book suggestion for buying primary home
Replies: 13
Views: 965

Re: Book suggestion for buying primary home

How reasonable is it to expect to "look carefully yourself"? What are the chances of having a few hours of uninterrupted access to the home when you haven't yet reached the point of making offer?
by jasc15
Thu Nov 13, 2014 11:16 am
Forum: Personal Finance (Not Investing)
Topic: More money equates to feeling poor?
Replies: 50
Views: 6667

Re: More money equates to feeling poor?

I like to think of it in another way. Having the money to buy something without borrowing gives a much different sensation of the cost, for me, than if I did not have the money and needed to borrow. For example, when my wife and I had to replace a vehicle recently, we bought a used one for $10,000 a...
by jasc15
Thu Nov 06, 2014 9:12 am
Forum: Personal Consumer Issues
Topic: Oil change costs--dealer vs other
Replies: 35
Views: 3174

Re: Oil change costs--dealer vs other

You can't really beat $20 with a DIY oil change. A filter is about $6-$7 and 5 quarts of oil can cost near $20 itself.
by jasc15
Fri Oct 24, 2014 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: NJ - Buying house in flood zone (FEMA)?
Replies: 48
Views: 3872

Re: NJ - Buying house in flood zone (FEMA)?

I live in northern NJ, and was here for both Irene and Sandy. I live in a second floor apartment, so the Sandy flood only took our cars and nothing else. Since then, while looking at home listings, I plug every address into the FEMA database and look on their maps. Maybe I am being too risk averse d...
by jasc15
Fri Oct 24, 2014 7:50 am
Forum: Personal Consumer Issues
Topic: How often do you change your car's oil?
Replies: 168
Views: 14560

Re: How often do you change your car's oil?

My owner's manual recommends a synthetic oil change every 7500 miles. I changed it 5000 miles after buying it (used) since I wasn't sure if the dealer used synthetic or not. I plan on sticking to the 7500 mile interval for the future.
by jasc15
Thu Oct 16, 2014 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: How did you get from $1M to $10M
Replies: 46
Views: 4435

Re: How did you get from $1M to $10M

The same way you got from 100k to 1M?
by jasc15
Mon Oct 13, 2014 7:58 am
Forum: Investing - Theory, News & General
Topic: Just read All About Asset Allocation by Mr. Ferri.. Help!
Replies: 14
Views: 2412

Re: Just read All About Asset Allocation by Mr. Ferri.. Help

I'm pretty sure all of those asset classes you mention can be achieved with a "lazy" 3 or 4 fund portfolio. In fact, you mention the 3 in your post:

US EQUITY, INTERNATIONAL EQUITY, FIXED INCOME.

There are funds which cover these classes roughly in the proportions you mention.

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