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Re: What savings vehicle should I use for my car?

I would suggest that while you can plan your car purchase at 5 to 7 years from now, you never really know when you will need another car. Your present car can get stolen or wrecked at any time. Should that happen, you will get an insurance payment. However, that may not be enough to pay for the new ...
by jsl11
Thu Oct 30, 2014 11:54 am
 
Forum: Personal Finance (Not Investing)
Topic: What savings vehicle should I use for my car?
Replies: 18
Views: 535

Re: No retirement benefit at work - where then should she in

As someone in a similar position I'd like to add to the original question: Is there any investment vehicle that she can use that can be tax deductible? If so what are the options and what are the limits and income restrictions? A traditional IRA would be tax deductible. There are limits and restric...
by jsl11
Wed Oct 29, 2014 4:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: No retirement benefit at work - where then should she invest
Replies: 8
Views: 591

Re: No retirement benefit at work - where then should she in

If she does open an IRA, Vanguard is an excellent place to do it. There are no fees (with electronic statements), and the annual expenses are rock bottom. The less spent on fees and expenses, the more that remains to grow in the account to grow.
Jeff
by jsl11
Wed Oct 29, 2014 3:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: No retirement benefit at work - where then should she invest
Replies: 8
Views: 591

Re: Tax question

Also, you will only use Schedule A deductions if the total of all your allowable deductions is greater than your standard deduction. You want to use the largest deduction you are entitled to take as this minimizes your taxes. You can use Schedule A (itemized) or the standard deduction, but not both....
by jsl11
Wed Oct 29, 2014 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax question
Replies: 11
Views: 715

Re: Family Car Insurance Review Requested

Collision coverage also applies if an accident is caused by someone else. With that coverage, your insurance company will pay you and go after the other party and/or their insurance. Without that coverage, you are on your own to collect damages.
Jeff
by jsl11
Tue Oct 28, 2014 10:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Family Car Insurance Review Requested
Replies: 20
Views: 975

Re: Is a 0.9% wrap fee too high to consider?

In my state, public employees have access to both 403b and 457 plans. The 403b is expensive. The 457 plan has low cost options. Perhaps you have a similar situation.
Jeff
by jsl11
Tue Oct 28, 2014 8:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is a 0.9% wrap fee too high to consider?
Replies: 8
Views: 652

Re: Family Car Insurance Review Requested

My insurance with State Farm has better coverage than yours at about half the price. My two vehicles are newer as well.
Jeff
by jsl11
Tue Oct 28, 2014 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Family Car Insurance Review Requested
Replies: 20
Views: 975

Re: New appliances - Stainless Steel or not?

heartwood wrote: The through door ice/water dispenser has permanent stains from water that dripped down the door under the dispenser from the previous owner.
For "permanent" water stains, try wiping with vinegar. It will dissolve the minerals left behind by the water.
Jeff
by jsl11
Tue Oct 28, 2014 3:10 pm
 
Forum: Personal Consumer Issues
Topic: New appliances - Stainless Steel or not?
Replies: 54
Views: 2532

Re: New appliances - Stainless Steel or not?

There are special cleaner materials available for SS appliances. They also leave an invisible film that make the surface resistant to fingerprints. For us, this seems to have eliminated the problem. The cleaner we use is 1-Step Stainless Steel Specialty Cleaner. The brand name is Home Specialties. I...
by jsl11
Tue Oct 28, 2014 2:14 pm
 
Forum: Personal Consumer Issues
Topic: New appliances - Stainless Steel or not?
Replies: 54
Views: 2532

Re: Local Bogleheads Groups

You might get better responses if your title was more specific.
Jeff
by jsl11
Tue Oct 28, 2014 2:02 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Local Bogleheads Groups [Looking for Central NY Chapter]
Replies: 6
Views: 285

Re: Most financially economical choice for a car

Seems that the common theme is do not get an old piece of junk. Are there any advantages of getting new over certified pre-owned (especially if they come with powertrain warranty for 7yrs/100k miles, which some do)? For a Toyota or Honda, a good late model used car costs almost as much as a new one...
by jsl11
Tue Oct 28, 2014 11:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Most financially economical choice for a car
Replies: 49
Views: 3553

Re: Most financially economical choice for a car

I would suggest a new Toyota Camry or Honda Accord. Buy last year's model when the new ones come out. Drive it for at least 200K miles.
Jeff
by jsl11
Tue Oct 28, 2014 10:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Most financially economical choice for a car
Replies: 49
Views: 3553

Re: Credit Union CD Ladder: What to do with interest payment

Gordon, In my experience, if you let the interest accumulate, you can withdraw the accumulated interest at any time without penalty. That accumulated interest becomes part of the principle if/when the CD matures and rolls over to a new one. So, since the CD will most likely have a better yield than ...
by jsl11
Mon Oct 27, 2014 8:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Credit Union CD Ladder: What to do with interest payments?
Replies: 7
Views: 744

Re: Bucket Approach Redux

The plan is to spend out of bucket 1 currently - from July 1 2018 though the end of 2018. Starting in Jan of 2018 we hope to start funding bucket 2 with 1/12 of our anticipated income needed for 2019. Our hope is to stay one year ahead of need. Simply harvest next years needs during current year. U...
by jsl11
Sat Oct 25, 2014 10:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bucket Approach Redux
Replies: 35
Views: 2554

Re: Negotiations with lenders

If you will want to bunch your tax deductions into alternate years, it is very helpful to pay your real estate taxes yourself, instead of part of your monthly mortgage payment. Some lenders want the taxes included with the payment to them. That policy may be negotiable. If they will not negotiate th...
by jsl11
Wed Oct 22, 2014 5:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Negotiations with lenders
Replies: 3
Views: 435

Re: Quick exhaust repair question

If you just fix the one side, the other side will probably fail so0ner or later. So, IMO, you may as well fix it properly and then you only need to do it once. In the long run, it will probably be less expensive.
Jeff
by jsl11
Wed Oct 22, 2014 3:38 pm
 
Forum: Personal Consumer Issues
Topic: Quick exhaust repair question
Replies: 6
Views: 302

Re: Quick exhaust repair question

How long do you plan to keep the car?
by jsl11
Wed Oct 22, 2014 3:03 pm
 
Forum: Personal Consumer Issues
Topic: Quick exhaust repair question
Replies: 6
Views: 302

Re: Gross Yearly Income needed in Retirement (Speculation)

avalpert wrote:Probably, but not sure you could pay me enough to spend a couple of weeks in Cleveland.

If you did spend some time in Cleveland, you might be surprised at all the good things Cleveland has to offer. :o
Jeff
by jsl11
Tue Oct 21, 2014 11:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12407

Re: Gross Yearly Income needed in Retirement (Speculation)

What gross yearly income do you need a year to accomplish the above in retirement. We aren't counting SS, Pension, Passive Income. I'm looking for one total yearly number. IMO, you are asking the wrong question. The question should be how much net income do you need, after taxes, and including SS, ...
by jsl11
Tue Oct 21, 2014 4:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12407

Re: Debit Card was hacked. Should I just use cash from now

This question arises every now and then on the forum. I will not own a debit card. I asked my bank for an ATM only card. Below is a post I made in 2011 on the same subject. The cited article explains why debit cards are not a good idea. Jeff This story appears in the Cleveland Plain Dealer. http://w...
by jsl11
Sat Oct 18, 2014 7:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debit Card was hacked. Should I just use cash from now on?
Replies: 54
Views: 3370

Re: Meaning of Important note included in Medicare part D pl

My views on mail order pharmacies are for longterm medications used for chronic problems. Anything that is dependent on temperature control ( don't know any in that category) would be a special case. I take a common generic BP medication. It comes in a factory sealed 90 count package. The factory l...
by jsl11
Sat Oct 18, 2014 3:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Meaning of Important note included in Medicare part D plan ?
Replies: 28
Views: 1975

Re: Missing Dividend Payment Information

Just as dividends are not shown, any charges or fees taken out of your account are also not shown. This makes it difficult for you to see what is actually happening.
Jeff
by jsl11
Fri Oct 17, 2014 11:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Missing Dividend Payment Information
Replies: 27
Views: 1766

Re: Meaning of Important note included in Medicare part D pl

My views on mail order pharmacies are for longterm medications used for chronic problems. Anything that is dependent on temperature control ( don't know any in that category) would be a special case. I take a common generic BP medication. It comes in a factory sealed 90 count package. The factory l...
by jsl11
Fri Oct 17, 2014 10:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Meaning of Important note included in Medicare part D plan ?
Replies: 28
Views: 1975

Re: Meaning of Important note included in Medicare part D pl

I don't know why anyone would want to use local retail pharmacies and struggle to decide which are on the preferred list and which are not. Some medications have storage temperature requirements. I don't want my prescriptions getting cooked or frozen in the back of a mail truck, or sitting in my ma...
by jsl11
Thu Oct 16, 2014 8:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Meaning of Important note included in Medicare part D plan ?
Replies: 28
Views: 1975

Re: Your personal risk level: Got your flu shot yet?

This may be of interest: Last year, while at a routine office visit with my allergist, I asked for and received a flu shot. After I got home, I wondered about the high dose as I did not know which shot I received. So, I called the Dr. and asked. I was told that they did not have the high dose vacci...
by jsl11
Thu Oct 16, 2014 4:12 pm
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 3004

Re: First investment strategy meeting with new FA, $6M trust

Another thing to look at: Do the funds he recommends have 12(b)1 fees? This could mean that he is getting paid by the funds for selling them to you. This would be a conflict of interest.
Jeff
by jsl11
Thu Oct 16, 2014 2:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4593

Re: Your personal risk level: Got your flu shot yet?

This may be of interest: Last year, while at a routine office visit with my allergist, I asked for and received a flu shot. After I got home, I wondered about the high dose as I did not know which shot I received. So, I called the Dr. and asked. I was told that they did not have the high dose vaccin...
by jsl11
Thu Oct 16, 2014 2:36 pm
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 3004

Re: Your personal risk level: Got your flu shot yet?

We had a niece die from the flu last year. She was only in her thirties. Get your shot! My niece did not get her shot, and this is what happened. If you have a medical condition that keeps you from getting a shot, that is a different situation. Otherwise, it is just foolish not to get one. Sure, th...
by jsl11
Thu Oct 16, 2014 10:42 am
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 3004

Re: First RMD Question

Pub 590 says:
If you do not (or did not) receive that minimum amount in
your 70-1/2 year, then you must receive distributions for your
70-1/2 year by April 1 of the next year.

Jeff
by jsl11
Wed Oct 15, 2014 11:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: First RMD Question
Replies: 10
Views: 996

Re: Your personal risk level: Got your flu shot yet?

We had a niece die from the flu last year. She was only in her thirties. Get your shot!
by jsl11
Wed Oct 15, 2014 10:48 pm
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 3004

Re: The SWR on Real Estate Investments

I would suggest that you have made a number of assumptions that might not be true. Real estate values are neighborhood dependent. What starts out as a good neighborhood can change, and then values can decrease rather than increase. You may have trouble keeping your property rented. Zero income month...
by jsl11
Tue Oct 14, 2014 9:27 pm
 
Forum: Investing - Theory, News & General
Topic: The SWR on Real Estate Investments
Replies: 61
Views: 2456

Re: Question re: RMD

If we consider dollar cost averaging to be a reasonable (and, some might say, preferred) method for investing, does it also make sense to use a DCA model for taking RMDs? When buying, DCA gets you more shares when prices are low and fewer shares when prices are high. If you DCA when selling, you se...
by jsl11
Tue Oct 14, 2014 1:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question re: RMD
Replies: 19
Views: 1232

Re: Antique jewelry?

Some jewelry stores sell "estate jewelry". You don't need a place that specializes in antique jewelry. A regular jewelry story may have what you need if they buy as well as sell.
Jeff
by jsl11
Mon Oct 13, 2014 4:08 pm
 
Forum: Personal Consumer Issues
Topic: Antique jewelry?
Replies: 10
Views: 813

Re: Small Moneysavers Which Add Up

Only change the oil in you vehicles once every 10,000 miles or once per year. Huh? And end up with a much larger headache of having to replace the car much earlier because you neglected to maintain it!? The newer vehicles that specify synthetic oil may have the requirement for oil changes at 10K or...
by jsl11
Mon Oct 13, 2014 10:22 am
 
Forum: Personal Consumer Issues
Topic: Small Moneysavers Which Add Up
Replies: 74
Views: 6918

Re: Buy a new car, or fix the old one?

The right decision may depend on the model Nissan you have. A Sentra may not be worth fixing at this point, while a Maxima or Altima are more substantial vehicles and may have a longer expected life. What model is yours?
Jeff
by jsl11
Sun Oct 12, 2014 9:21 pm
 
Forum: Personal Consumer Issues
Topic: Buy a new car, or fix the old one?
Replies: 55
Views: 3023

Re: Credit Card Issue

The standard for good phone customer service has to be Discover. They seem to be well trained, speak good English and are courteous and friendly. I had the opposite experience with Discover. I called them when my accumulated rewards disappeared. I was told they had "expired". I stated tha...
by jsl11
Sun Oct 12, 2014 5:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Issue
Replies: 26
Views: 1858

Re: How much of your Emergency Fund would you lock up in CDs

In a limited way, money can be withdrawn from a CD prematurely, without paying a penalty. When you buy a CD, you have a choice of having the interest accumulate, or paid to you monthly. In my experience, the accumulated interest can be withdrawn at any time without penalty. With today's low rates, t...
by jsl11
Sat Oct 11, 2014 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much of your Emergency Fund would you lock up in CDs?
Replies: 37
Views: 2743

Re: Who should regularly contribute to taxable investments?

Paying off a mortgage before investing in taxable is not a given. If someone has a low interest rate, it can make sense to not pay off the mortgage early. If someone inherits a taxable account, if they receive a large gift, or if they win a big lottery prize, they cannot just transfer it to an IRA. ...
by jsl11
Fri Oct 10, 2014 9:19 pm
 
Forum: Investing - Theory, News & General
Topic: Who should regularly contribute to taxable investments?
Replies: 34
Views: 3613

Re: over-59.5 in-service withdrawal from 401K ?

If your 401k provider insists on mailing you a check (mine did), be sure the check is made out to Vanguard FBO yourname. If the check is made out to you, they must withhold 20% for taxes. While this money would be returned to you when you file you taxes, the withholding becomes a taxable withdrawal,...
by jsl11
Fri Oct 10, 2014 8:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: over-59.5 in-service withdrawal from 401K ?
Replies: 9
Views: 615

Vanguard Fund Purchase Fee

If I buy a Vanguard fund that has a purchase fee, is that fee deductible on my income taxes?
Jeff
by jsl11
Thu Oct 09, 2014 4:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Fund Purchase Fee
Replies: 2
Views: 417

Re: Is this smart?

skeptic88 wrote:Would selling the fund and buying the funds individually negatively affect my cost basis?

It will set a new cost basis. You will also have recognized a capital gain (taxable) or capital loss (deductible). However, all this applies only in a taxable account. In an IRA it makes no difference.
Jeff
by jsl11
Wed Oct 08, 2014 10:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this smart?
Replies: 19
Views: 1396

Re: Small Moneysavers Which Add Up

Costco membership. We save the membership fee many times over.
Jeff
by jsl11
Wed Oct 08, 2014 9:10 pm
 
Forum: Personal Consumer Issues
Topic: Small Moneysavers Which Add Up
Replies: 74
Views: 6918

Re: Deductable Investment fees

You cannot deduct mutual fund expense ratios because you do not pay them directly. The fund pays them for you. For example, if the gross yield of a fund is 3% and the expense ratio is 1%, the fund dividend will be 2%. If the fund paid the gross yield to you at 3% and then sent you a bill for the man...
by jsl11
Wed Oct 08, 2014 3:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deductible Investment fees
Replies: 9
Views: 486

Re: Late start, low income - what to do first?

He could open an IRA at a bank, probably for $50. He could then add to that as he is able. Once he gets to $1000, he could transfer it to Vanguard. There would not be much if any return at a bank, and you need to look out for fees. However, for such small amounts, contributions are much more importa...
by jsl11
Wed Oct 08, 2014 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2635

Re: Hyundai vs. Toyota

As far as the check engine light.... disconnect one battery lead and count to ten, then reconnect. That should reset sensor causing the light to be on. Whether or not it comes back on, or how long it stays off if there is an issue can vary. .. and it just might vary by how much fuel is in the tank....
by jsl11
Tue Oct 07, 2014 12:00 pm
 
Forum: Personal Consumer Issues
Topic: Hyundai vs. Toyota
Replies: 45
Views: 4697

Re: Help with finding real estate agent

I found a very good agent by going to open houses while looking for my next house. At one of these houses, I met the agent, and was very favorably impressed. It turned out to be a good decision. Also, although I may be wrong, it is my impression that 20% of the agents sell 80% of the listed houses. ...
by jsl11
Tue Oct 07, 2014 10:36 am
 
Forum: Personal Consumer Issues
Topic: Help with finding real estate agent
Replies: 8
Views: 741

Re: Kitchen Cabinetry Lines

We did a kitchen remodel in our previous house, about 18 years ago. We used Crystal Cabinets, and were very pleased with the quality. They were 10 years old when we moved, and they still looked like new. They are somewhat pricey. However, we were able to find a time when they were on sale. IIRC, the...
by jsl11
Mon Oct 06, 2014 7:40 pm
 
Forum: Personal Consumer Issues
Topic: Kitchen Cabinetry Lines
Replies: 19
Views: 1235

Re: "Vanguard converting mutual fund accounts to brokerage?

I believe that having a "mutual fund only" account has a measure of security over a combined mutual fund/brokerage account. If a brokerage account gets hacked, there is a lot of damaging mischief that could be done. However, if someone gets access to a mutual fund account, it would be much...
by jsl11
Mon Oct 06, 2014 7:29 pm
 
Forum: Investing - Theory, News & General
Topic: "Vanguard converting mutual fund accounts to brokerage?
Replies: 104
Views: 10907

Re: Paying off a 6.5% mortgage

You cannot do bunching in arrears, but as Jeff noted you might benefit from doing it in future years but only if you do not pay off the mortgage. The more deductible interest you have, the greater the benefit of bunching. However, real estate taxes, state & local income taxes and donations may ...
by jsl11
Sun Oct 05, 2014 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying off a 6.5% mortgage
Replies: 46
Views: 3574

Re: Paying off a 6.5% mortgage

We claim standard deduction so we can't even take advantage of the mortgage tax deduction. Have you looked at bunching your deductions, to the extent that you can, into alternate years? This may allow you to itemize every other year, and get some significant tax savings. If your mortgage payment is...
by jsl11
Sun Oct 05, 2014 12:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying off a 6.5% mortgage
Replies: 46
Views: 3574
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