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Re: What to consider while purchasing an existing business?

When my wife and I bought our first business, we had our accountant look over the previous 10 years tax returns of the business as well as P&L reports for the previous 10 years so we could see the breakdown of income and expenses. We valued goodwill at zero. Our lawyer cleared the purchasing con...
by jayars35
Tue Aug 26, 2014 11:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to consider while purchasing an existing business?
Replies: 48
Views: 3548

Re: Advice on asset allocation not quite entering retirement

bdpb, I don't think there is a high correlation. One business is a gymnastics school and the other is a preschool. I have thought about our businesses being the only tenants in our building and the problems that could cause. That is another reason I am unsure about holding ~75% in stocks. jayars
by jayars35
Mon Aug 25, 2014 9:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on asset allocation not quite entering retirement.
Replies: 5
Views: 680

Re: Advice on asset allocation not quite entering retirement

Thank you bertilak. Our monthly expenses are covered by our business income and my current take home teacher pay which is $950/month. We will not need to touch the money in our ROTH's/401k's etc to pay monthly expenses. The mortgage on our commercial property is paid from the rent paid by our busine...
by jayars35
Sun Aug 24, 2014 8:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on asset allocation not quite entering retirement.
Replies: 5
Views: 680

Advice on asset allocation not quite entering retirement.

Dear Bogleheads, Here is my situation. I am 50 years old, wife is 46 and two kids, 8 and 10. I will probably retire from public school teaching in North Carolina at the end of this year with a reduced pension of ~$22,000 give or take $200. My wife and I also own two businesses that pay us a combined...
by jayars35
Sun Aug 24, 2014 7:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on asset allocation not quite entering retirement.
Replies: 5
Views: 680

Re: Unnerving Phone Call Late Last Night

Sometime back I got the following call:

Hello...

Hi. Is Mike there?

There's no Mike living here.

Good, I hate him anyway. "click"

I still laugh about that one.
by jayars35
Sun Jun 23, 2013 1:08 am
 
Forum: Personal Consumer Issues
Topic: Unnerving Phone Call Late Last Night
Replies: 47
Views: 6324

Re: What did you give your wife on your wedding day?

We gave each other rings from Service Merchandise then a three day Honeymoon at the Holiday Inn in Pinehurst NC. Had to keep it to three days as we got married on the 26th of June and I had to be out of my apartment before the 1st of July or pay another full month rent and neither of us was rolling ...
by jayars35
Sun Jun 23, 2013 1:03 am
 
Forum: Personal Consumer Issues
Topic: What did you give your wife on your wedding day?
Replies: 81
Views: 4998

Need help with Windows.

For Father's Day, we got my dad a new computer to replace his one that was several years old. The new one uses Windows 8 and is so different from the Windows version he is used to that he is having great difficulty using the machine. Plus Windows 8 seems unable to work with his old HP1012 printer. I...
by jayars35
Sat Jun 22, 2013 5:52 pm
 
Forum: Personal Consumer Issues
Topic: Need help with Windows.
Replies: 35
Views: 1864

Re: Lets get rid of car dealerships

browser, that's a big reason many people do basic service work on their own cars. Last vehicle I bought was bought at auction. A guy here has a small lot <20 cars, but buys at dealer auctions once a week for anyone looking for something he doesn't have. I wanted a minivan and all the local dealers h...
by jayars35
Tue Jun 11, 2013 10:07 pm
 
Forum: Personal Consumer Issues
Topic: Lets get rid of car dealerships
Replies: 58
Views: 4579

Re: Insurance question

plannerman wrote:BTW, Uninsured Motorist coverage is mandatory in NC, so it's kind of a moot issue.

plannerman


Are you sure? I have not carried it for several years and I live in NC. My reason for this thread was my having second thoughts about not having it.
by jayars35
Thu May 30, 2013 10:06 pm
 
Forum: Personal Consumer Issues
Topic: Insurance question
Replies: 13
Views: 900

Insurance question

Do you carry uninsured/underinsured motorist coverage? Here in North Carolina, it covers medical bills for injury to me or my family caused by someone with no insurance of too little insurance. How necessary is it if we already have health insurance? Is unins/underins coverage a secondary payer in t...
by jayars35
Wed May 29, 2013 10:00 pm
 
Forum: Personal Consumer Issues
Topic: Insurance question
Replies: 13
Views: 900

Re: Do you tip on take out?

Take out, no. If a clerk took it upon himself to put my change in a tip jar, I would tell him to get my money out of the tip jar and call the manager to the counter. Pizza delivery, yes. When I pay a bill at a sit down restaurant and the waitress asks "Do you want your change?", the result...
by jayars35
Wed May 29, 2013 9:42 pm
 
Forum: Personal Consumer Issues
Topic: Do you tip on take out?
Replies: 70
Views: 4999

Re: Term Life Insurance

My wife and I went with two policies. A 20 year $200,000 and a 30 year $250,000. The 20 year will expire just after the kids, 7 and 9, are through college. The 30 year will pay off the our commercial property and leave the remaining spouse with cash to generate some additional income. Our commercial...
by jayars35
Wed May 29, 2013 8:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance
Replies: 24
Views: 2155

Re: Hot water heater question

The hot water heater in one of my rentals went out recently. The renter is a licensed plumber. He said he charges $100.00 to replace water heaters and that is what he charged me. I bought a 40 gallon electric water heater at Lowes for $270.00 plus tax. Total cost was $370.00. One of the posters sai...
by jayars35
Fri Mar 15, 2013 11:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hot water heater question
Replies: 34
Views: 2339

Re: [Should we] buy a two story house or a one story?

I bought my current house about nine years ago and told my wife to make sure she really liked it as I would never move again. We bought a one story because we knew as we got older, we did not want to be climbing stairs. I'm 48 now and stairs don't bother me, but in 20 years I expect they will. I hav...
by jayars35
Tue Mar 05, 2013 10:40 pm
 
Forum: Personal Consumer Issues
Topic: [Should we] buy a two story house or a one story?
Replies: 43
Views: 3389

Re: Vanguard small 401k [Plan - Fees, Employer Contribution

I have employees so I am interested in the small 401k not the solo. I appreciate the information greatly. I have looked at Simple IRAs, but they require employer contributions and I want the freedom to not do so in lean years. At the same time, I want to have a company offered plan so I can encourag...
by jayars35
Mon Feb 18, 2013 10:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard small 401k [Plan - Fees, Employer Contributions?]
Replies: 9
Views: 1352

Vanguard small 401k [Plan - Fees, Employer Contributions?]

I searched the forum and did not find the answer to my question and I have called Vanguard but their automated phone tree keeps sending me back to the starting point. Two questions I have. 1. What are the fees for the Vanguard small 401k? I know the $20 per fund fee but is there a fee to administer ...
by jayars35
Mon Feb 18, 2013 9:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard small 401k [Plan - Fees, Employer Contributions?]
Replies: 9
Views: 1352

Re: Military Prep School

Five of my former students went to academies. Three to West Point and two to Annapolis. All five went to prep school first and all played football at their academy. They did well, well enough to graduate at least, and have no regrets about their career choice.
by jayars35
Mon Feb 18, 2013 8:53 pm
 
Forum: Personal Consumer Issues
Topic: Military Prep School
Replies: 45
Views: 2915

Re: Going on Safari suggestions

nhdblfan wrote:Big 5 or Plains game ? Have a friend talk me into going to Zim for Cape with him next time

Lots of good info on here about guides and game.

http://forums.nitroexpress.com/ubbthreads.php?Cat=0


Thanks for the link. One of the things on my life list is Africa to hunt cape buffalo or lion.
by jayars35
Mon Feb 18, 2013 8:25 pm
 
Forum: Personal Consumer Issues
Topic: Going on Safari suggestions
Replies: 16
Views: 1062

Re: Part-time jobs

One of my employees is a retired gentleman that moved to NC after retiring from his career job. He works for us at our gym(gymnastics school) three days a week or about 12 hours a week total. He had no background in this so he assisted other coaches and we trained him until he was ready have classes...
by jayars35
Sat Feb 16, 2013 9:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Part-time jobs
Replies: 26
Views: 3088

Re: May need new water heater

An easy way to save on the operation of an electric water heater is put a timer on it. I installed one for a friend a few months ago. It was a simple wiring job and took less than an hour. We set it so his shuts off from 11pm to 5am.
by jayars35
Sat Feb 16, 2013 9:09 pm
 
Forum: Personal Consumer Issues
Topic: May need new water heater
Replies: 46
Views: 3532

Re: Is the time of messages incorrect?

Actually displayed times are based on the "My timezone:" setting on this page: http://www.bogleheads.org/forum/ucp.php?i=prefs&mode=personal You still have to answer the DST question correctly. That is very difficult for many of us. Yes. I just changed mine and it took 3 tries to get ...
by jayars35
Sun Jan 27, 2013 8:30 pm
 
Forum: Forum Issues and Administration
Topic: Is the time of messages incorrect?
Replies: 30
Views: 937

Re: Is the time of messages incorrect?

Actually displayed times are based on the "My timezone:" setting on this page: http://www.bogleheads.org/forum/ucp.php?i=prefs&mode=personal You still have to answer the DST question correctly. That is very difficult for many of us. Yes. I just changed mine and it took 3 tries to get ...
by jayars35
Sun Jan 27, 2013 7:01 pm
 
Forum: Forum Issues and Administration
Topic: Is the time of messages incorrect?
Replies: 30
Views: 937

Re: How much do you expect your kids to pay for college?

When I was applying to colleges, where I went was not only my decision. My parents had a say as they had a financial interest in play. I ended up going to a state school within commuting distance and lived at home. My parents let me do so and charged me no rent or board, but I paid for college. I wo...
by jayars35
Sun Jan 27, 2013 1:38 am
 
Forum: Personal Finance (Not Investing)
Topic: How much do you expect your kids to pay for college?
Replies: 237
Views: 15028

Re: Pay a speeding ticket or plead to non moving

...sometimes driving out of state makes you particularly vulnerable since they know you won't bother to contest it in court and nothing beats having out-of-towners pick up the tab for part of the budget. I experienced this first hand in North Carolina while driving a rental car. I was pulled over f...
by jayars35
Sat Jan 26, 2013 3:43 am
 
Forum: Personal Consumer Issues
Topic: Pay a speeding ticket or plead to non moving
Replies: 42
Views: 3154

Re: How much to spend on a new washer & dryer

We bought a new washer and dryer about two years ago. I asked a buddy of mine that runs an appliance repair business what he owned and if he would buy it again. He said yes so I got them on sale from a locally owned appliance dealer. Both are Hotpoint and we paid ~$550 for the pair on sale. So far, ...
by jayars35
Sat Jan 26, 2013 3:13 am
 
Forum: Personal Consumer Issues
Topic: How much to spend on a new washer & dryer
Replies: 66
Views: 8565

Re: Best place to buy motor oil?

I've found the best place changes from month to month. I check sale flyers at Autozone, Advance, Napa, Carquest and Walmart and get where the price is best. I don't use synthetic so as long as the oil meets the required API standard, I don't care what brand it is. Right now, I have five different br...
by jayars35
Sat Jan 19, 2013 10:15 pm
 
Forum: Personal Consumer Issues
Topic: Best place to buy motor oil?
Replies: 36
Views: 2812

Re: Buying American Gold & Silver Eagles (monthly)

I bought a couple hundred ounces of silver in the early 2000's and sold it this past summer. I hope people will get confident in the economy again, silver prices will drop and I can buy more. At current prices, I'm staying out.
by jayars35
Thu Jan 10, 2013 11:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buying American Gold & Silver Eagles (monthly)
Replies: 22
Views: 2214

Re: How many of you use accountants versus accounting softwa

My wife and I own an S corp and an LLC plus I work another full time job. We have an accountant do our taxes although I sometimes also do our personal by hand to compare to the accountants
by jayars35
Thu Jan 10, 2013 11:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: How many of you use accountants versus accounting software?
Replies: 26
Views: 1970

Re: How do you track & analyze your portfolio, esp.401k?

My day job is with the state of NC. Our 401k and 457 gives our total return for the prior quarter and the prior twelve months. I also have mine set to rebalance automaticaly every six months.
by jayars35
Thu Jan 10, 2013 10:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do you track & analyze your portfolio, esp.401k?
Replies: 27
Views: 3446

Re: Home Repair Question

I has this problem on my front porch last year except three of the four boards around the column had some rot. I removed all three and replaced with new boards primed and painted. I left a gap just under 1/4 inch at the bottom. The old boards had lasted 12 years, the new ones should do the same. Eas...
by jayars35
Wed Jul 25, 2012 1:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home Repair Question
Replies: 18
Views: 2495

Re: Ever had a washing machine leak or overflow?

I have the braided stainless supply hoses for the washer and shut the valve(single lever between hot and cold) after each load. If I go away over night, I shut off the water at the wholehouse shut off valve. One of my friends had a washer hose burst when they were gone. Came back next morning and fo...
by jayars35
Mon Jul 09, 2012 8:00 pm
 
Forum: Personal Consumer Issues
Topic: Ever had a washing machine leak or overflow?
Replies: 40
Views: 5468

Re: Home Repair Books and Resources

Lots of good ones, but the best that I have read is this one:

http://www.amazon.com/New-Fix-It-Yourse ... elf+manual

jayars
by jayars35
Mon Jul 09, 2012 7:34 pm
 
Forum: Personal Consumer Issues
Topic: Home Repair Books and Resources
Replies: 7
Views: 724

Re: How to GIVE scholarships?

If you have a school in mind, you can arrange with the university to endow a scholarship or set up with the university as an unendowed scholarship. I have friends that have done both.

jayars
by jayars35
Mon Jul 09, 2012 7:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to GIVE scholarships?
Replies: 7
Views: 731

Re: What retirement contributions does your employer offer?

My main job is as a school teacher in North Carolina. 6% of our gross goes into the state retirement system. The state's contribution varies from year to year based on what the legislature and governor decide they need to contribute. We also have access to a 401k, 403b and 457 which gets no match fr...
by jayars35
Sat Jul 07, 2012 11:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: What retirement contributions does your employer offer?
Replies: 68
Views: 5395

Re: buying a car- tell me your story

My last vehicle, we were looking for a minivan. I was not satisfied with local dealers had so I went to a local guy that has a small lot, but will buy whatever you want at auction. His fee is a flat $600. I went with him to the auction and it reminded me of the tobacco auctions I went to as a kid. T...
by jayars35
Tue Jul 03, 2012 8:22 pm
 
Forum: Personal Consumer Issues
Topic: buying a car- tell me your story
Replies: 57
Views: 5348

Re: Allan Roth: Putting the investor first.

"...not just average folks with $1M in investments". I want to be one of these average kind of folks. Someday...someday...

jayars
by jayars35
Tue Jul 03, 2012 7:49 pm
 
Forum: Investing - Theory, News & General
Topic: Allan Roth: Putting the investor first.
Replies: 21
Views: 2301

Re: Car Dealership Repair Suggestions: Take Seriously or Not

Did they tell you why you need a new axle? Usually the only time you get a new one is if the cv joint is bad and those can be rebuilt instead of new ones put in. If it's just a torn boot, they can be replaced. If you can jack the car up, you can check the brake pads yourself. Most cars have a little...
by jayars35
Fri Jun 29, 2012 8:51 am
 
Forum: Personal Consumer Issues
Topic: Car Dealership Repair Suggestions: Take Seriously or Not?
Replies: 43
Views: 3507

Re: How to fire your adviser

Letting go of mine was easy in every respect. My account was way less than when I started with them. She pushed me really hard to open a margin account. Their customer service was lousy as in my advisor failed to show for appointments twice. Once was to pick up a friend's dog and take it home. Secon...
by jayars35
Wed Jun 27, 2012 9:28 am
 
Forum: Investing - Theory, News & General
Topic: How to fire your adviser
Replies: 46
Views: 5088

Re: TV show recommendations?

Andy Griffith is they are black and white MASH if it has Col Blake and Trapper. If the opening has BJ with a mustache, forget it. Rifleman. Friday night boxing on ESPN Motorhead Garage Youtube is great for watching old shows. I use it to watch NWA and Mid-South wrestling from the 1970's and early 80...
by jayars35
Wed Jun 27, 2012 1:07 am
 
Forum: Personal Consumer Issues
Topic: TV show recommendations?
Replies: 304
Views: 120330

Re: Bookkeeping Software

Thanks FNK. I will give it a look asap.

jayars
by jayars35
Tue Jun 26, 2012 12:19 am
 
Forum: Personal Consumer Issues
Topic: Bookkeeping Software
Replies: 5
Views: 598

Bookkeeping Software

I did a forum search and did not find the answer to my question. Are there good alternatives to Quickbooks for small business use? Any suggestions? Our issue with Quickbooks is the customer service. One example is today. We called to ask why the price on the website from which we ordered was differe...
by jayars35
Tue Jun 26, 2012 12:06 am
 
Forum: Personal Consumer Issues
Topic: Bookkeeping Software
Replies: 5
Views: 598

Re: Household Debt Service Ratios are Declining

Does the savings rate include money put into stock mutual funds and ETF's or just what goes into savings accounts? I thought I read it did not include stock and bond accounts. If that is true, doesn't that give a distorded view of the savings rate?

jayars
by jayars35
Sun Jun 24, 2012 3:42 pm
 
Forum: Investing - Theory, News & General
Topic: Household Debt Service Ratios are Declining
Replies: 14
Views: 1592

Re: Books that have actually changed your life, in a way.

The Recollections and Letters of General Robert E. Lee. The only book on Lee written almost all in his own words. I found much to admire and emulate in his character. It changed the way I conducted myself with regard to other people, work and life in general. The Roots of American Order by Russell K...
by jayars35
Wed Jun 13, 2012 10:50 pm
 
Forum: Personal Consumer Issues
Topic: Books that have actually changed your life, in a way.
Replies: 149
Views: 10088

Re: Simple I bond question.

Thank you all for the replies. I do appreciate it. I am considering buying I-bonds again, but the horror stories about Treasury Direct are causing me to hesitate.

jayars
by jayars35
Mon Jun 11, 2012 9:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Simple I bond question.
Replies: 8
Views: 1159

Re:

djw wrote:.....American Standard makes a toilet with a seat that's taller than usual and less prone to jamming. I'd recommend this in the master bath. As you age, you'll appreciate the extra height.


Serious question: What is a jammed toilet seat?

jayars
by jayars35
Sun Jun 10, 2012 7:19 pm
 
Forum: Personal Consumer Issues
Topic: Bathroom renovation-advice please!
Replies: 52
Views: 6115

Simple I bond question.

Looking at Treasury Direct, I see the current fixed rate for I bonds is 0%. Does that mean the fixed rate for I bonds issued in May will be 0% for the life of the bond and they will only earn the rate of inflation? Thanks

jayars
by jayars35
Sun Jun 10, 2012 9:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Simple I bond question.
Replies: 8
Views: 1159

Re: New allocation for 457

Age is 48. I have an asset allocation for my accounts that I stick to. I'm just playing a bit of "what if". I appreciate the replies.

jayars
by jayars35
Sun Jun 03, 2012 9:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: New allocation for 457
Replies: 5
Views: 443

Re: washing machine died, soliciting advice

Fix the old one? Sometimes it is a simple, inexpensive repair. My friend that has a appliance repair business refuses to buy front loaders due to the problems with door seals and the high cost of replacing them. Even for him getting them at his price, he says they are way more than he is willing to ...
by jayars35
Fri Jun 01, 2012 12:41 pm
 
Forum: Personal Consumer Issues
Topic: washing machine died, soliciting advice
Replies: 24
Views: 1540

New allocation for 457

I decided to open a 457 through my job in addition to my 401k. I am also toying with the idea of changing my asset allocation. I thought of four funds: S&P 500 index, Russell 2500 index, MSCI All country ex-US index and total bond index. Any opinions on allocating 25% to each one with automatic ...
by jayars35
Fri Jun 01, 2012 9:51 am
 
Forum: Investing - Help with Personal Investments
Topic: New allocation for 457
Replies: 5
Views: 443

Re: Should I do free oil change every six months?

What do some consider a high performance filter and why? I use Purolator, AC Delco, NAPA, CarQuest and even Advance Auto store brand. Never any problems.

Coach
by jayars35
Tue May 29, 2012 2:09 pm
 
Forum: Personal Consumer Issues
Topic: Should I do free oil change every six months?
Replies: 56
Views: 4172
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