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Re: Paid off our Mortgage this evening!

This is a more common issue with auto insurance; the lender will require collision and comprehensive, often with a low deductible such as $500, to protect its own interest. When the car loan is paid off, you can drop collision and comprehensive, or keep them with a $1000 or $2000 deductible to redu...
by madbrain
Thu Nov 20, 2014 11:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paid off our Mortgage this evening!
Replies: 54
Views: 4966

Re: smartphone over wifi - still possible?

Look for a feature called Wi-Fi Calling . My T-Mobile phone has that built-in. As soon as I enable wi-fi, the phone routes all calls to wi-fi (not the cell network). T-Mobile does not lock you into a contract. Indeed. However, be aware that doing so still use your plan minutes / SMS limit, whatever...
by madbrain
Thu Nov 20, 2014 10:59 pm
 
Forum: Personal Consumer Issues
Topic: smartphone over wifi - still possible?
Replies: 22
Views: 1115

Re: Trapped deciding between 2 Jobs: Can I renege on my offe

You tell both companies that you are towards the final stage of the interview. They need to give you what your salary is and benefit information. Your salary range is too widefor both companies. Don't turn down a company until you have an actual letter with the salary and benefits stated. I agree. ...
by madbrain
Wed Nov 19, 2014 6:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trapped deciding between 2 Jobs: Can I renege on my offer?
Replies: 36
Views: 2596

Re: Poll: Net cost of your checking account annually?

Fidelty's fine print reads as follows: Please note, there is a foreign transaction fee of one percent that is not waived, which will be included in the amount charged to your account. Fidelity's fine print does not match reality, based on my experience looking at exchange rates for the days I made ...
by madbrain
Wed Nov 19, 2014 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Net cost of your checking account annually?
Replies: 44
Views: 2213

Re: Banking Culture Breeds Dishonesty?

I hope a banker can chime in and make this thread personal so it doesn't get locked :)
by madbrain
Wed Nov 19, 2014 5:13 pm
 
Forum: Investing - Theory, News & General
Topic: Banking Culture Breeds Dishonesty?
Replies: 7
Views: 723

Re: Heads up best reward credit card I've seen.

Keep in mind to check your various grocers and call to see if they still are exempting places like Costco, Sams Club, and Walmart as "not grocery stores" for the 6%. The main reason I don't get it is that literally no one counts as a grocer around here, except for one store that only take...
by madbrain
Tue Nov 18, 2014 7:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Heads up one of the better reward credit card I've seen.
Replies: 54
Views: 5428

Re: What Movie Have You Recently Watched?

I saw Rosewater last friday. It was a great movie and I highly recommend it.
by madbrain
Tue Nov 18, 2014 6:16 pm
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 208
Views: 15707

Re: 10% off Target GiftCards - Black Friday Preview

Eh if it's online I may look into it . but I barely shop at Target. But there's no way in Hell that I am going to frequent any store that is open on Thanksgiving. Shame on stores who are disrupting a family holiday and forcing people to work on Thanksgiving. I do shop at Target, yet I wholly agree ...
by madbrain
Tue Nov 18, 2014 1:18 am
 
Forum: Personal Consumer Issues
Topic: 10% off Target GiftCards - Black Friday Preview
Replies: 14
Views: 2301

Re: 10% off Target GiftCards - Black Friday Preview

TheTimeLord wrote:Excellent Target is where I buy Cat Litter. Who knew that was the expense part of owning a cat.


You can get a much better deal on cat litter at Costco. The annual savings will easily cover the membership.
by madbrain
Mon Nov 17, 2014 10:39 pm
 
Forum: Personal Consumer Issues
Topic: 10% off Target GiftCards - Black Friday Preview
Replies: 14
Views: 2301

Re: Toyota Class Action Settlement Check, Cash or Not

unintended acceleration (caused by floor mat lodging esp.) can be handled immediately with putting car in neutral. Some of these unintended acceleration problems had nothing to do with floor mats. Toyota hid these issues from the public and was fined earlier this year. http://abcnews.go.com/Blotter...
by madbrain
Mon Nov 17, 2014 10:10 pm
 
Forum: Personal Consumer Issues
Topic: Toyota Class Action Settlement Check, Cash or Not
Replies: 16
Views: 2263

Re: 1276% toll admin fee from Dollar.

Obviously, then, we can agree to disagree that this was a scam. Yes, we certainly can. But since you like to quote definitions, let me quote the one for "consumer scam" : http://www.duhaime.org/LegalDictionary/C/ConsumerScam.aspx Consumer Scam Legal Definition: A deceptive sale of goods o...
by madbrain
Mon Nov 17, 2014 9:33 am
 
Forum: Personal Finance (Not Investing)
Topic: 1276% toll admin fee from Dollar.
Replies: 89
Views: 6698

Re: 1276% toll admin fee from Dollar.

Although I know that is not how it is used today by many, the non racist definition is: "Any source of heckling, unwelcome commentary or criticism, especially from a know-it-all or of an inexpert nature" http://en.m.wiktionary.org/wiki/peanut_gallery I doubt Bfwolf meant the racist term, ...
by madbrain
Mon Nov 17, 2014 5:36 am
 
Forum: Personal Finance (Not Investing)
Topic: 1276% toll admin fee from Dollar.
Replies: 89
Views: 6698

Re: 1276% toll admin fee from Dollar.

HawkeyeJD, Back on topic, the OP has already spent a lot of time on this just posting repeatedly and with the phone calls, all to save $27 and some change. Clearly, the OP can spend her time on whatever she wants, but I see no reason "pay and move on with life" is not a perfectly valid opi...
by madbrain
Mon Nov 17, 2014 5:23 am
 
Forum: Personal Finance (Not Investing)
Topic: 1276% toll admin fee from Dollar.
Replies: 89
Views: 6698

Re: 1276% toll admin fee from Dollar.

What a crummy scam, madbrain. I am glad you were able to get the charges removed. I find it humorous that there are a couple of folks from the peanut gallery who say "well, it was in the rental agreement." I mean, do you guys actually sit there and read through every line item on the rent...
by madbrain
Mon Nov 17, 2014 2:59 am
 
Forum: Personal Finance (Not Investing)
Topic: 1276% toll admin fee from Dollar.
Replies: 89
Views: 6698

Re: Just signed up Obamacare again.

I checked the new rates on coveredca.com . I compared them with last year's rates. The rates for a Kaiser Platinum 90 plan are down 5%, and this is considering that we are both one year older. The other terms of the plan appear to be the same, identical copays and deductibles. The other plans (Bronz...
by madbrain
Sun Nov 16, 2014 12:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Just signed up Obamacare again.
Replies: 41
Views: 3195

Re: 1276% toll admin fee from Dollar.

MrWinky, For EZPass customers in the northeast US, EZPass will charge $25 in admin fees for any toll not paid in 30 days, per toll. I found this out the hard way when I got onto a toll road in MD by mistake, and a month later had to pay $54. If you don't have an EZPass you can't pay the toll online ...
by madbrain
Sat Nov 15, 2014 11:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1276% toll admin fee from Dollar.
Replies: 89
Views: 6698

Re: Your car(s) are equal to how many months income

Absent some insight in how this works, I'm just going to going to assume their is a bias in who is responding. The poll clearly asks about "current value of the car" relative to income, not "original purchase price" relative to income. I think the Bogleheads who answered it read...
by madbrain
Fri Nov 14, 2014 7:54 pm
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 5938

Re: Your car(s) are equal to how many months income

BrandonBogle wrote:Am I missing something?


Depreciation, I think. The cars may well be worth higher multiples of monthly income when purchased new, but since they depreciate, the multiples shrink rapidly. And of course, not everyone buys new cars.
by madbrain
Fri Nov 14, 2014 1:29 am
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 5938

Re: Your car(s) are equal to how many months income

Thanks to all we will keep it open The average age of cars on the road has been steadily increasing for decades.. It's at an all time high of 11.4 years. So if your car is only 10 years old its newer than average. http://www.rita.dot.gov/bts/sites/rita.dot.gov.bts/files/publications/national_transp...
by madbrain
Thu Nov 13, 2014 11:59 pm
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 5938

Re: How do you track the value of your illiquid assets ?

Seriously, 24 years is a long time from now. Save aggressively and don't give a reverse mortgage much thought until you're much closer to age 62. The laws pertaining to them may be completely different at that future date. Think about it... 24 years ago was 1990 and you were 14 years old. How much ...
by madbrain
Thu Nov 13, 2014 6:08 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2471

Re: How do you track the value of your illiquid assets ?

MN-Investor wrote:24 years from now? Shoot, California will have slid into the Pacific Ocean by then. That'll solve your valuation issue! :D


My home is on a hill at about 600 ft above water, so I believe this won't be an issue ;)
by madbrain
Thu Nov 13, 2014 2:20 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2471

Re: ObamaCare vs. Private Insurance??

Personally (and I know others may disagree), I don't consider letting people keep their own money a subsidy. Giving people someone else's money is a subsidy. There is a big difference. From http://www.investopedia.com/terms/s/subsidy.asp A benefit given by the government to groups or individuals us...
by madbrain
Wed Nov 12, 2014 8:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: ObamaCare vs. Private Insurance??
Replies: 105
Views: 9018

Re: Very old Chinese bond; worth anything?

This appears to be an old bond issued by the Chinese government in 1914. Amusingly enough, it is therefore exactly 100 years old! Worth 500 French Francs at the time. Could it be that... it is actually worth something?[/img] As a collectible, maybe, as you found out. But surely not the face value. ...
by madbrain
Wed Nov 12, 2014 8:19 pm
 
Forum: Personal Consumer Issues
Topic: Very old Chinese bond; worth anything?
Replies: 18
Views: 1826

Re: Your car(s) are equal to how many months income

The 2011 Prius 4 is worth between 1 and 1.2x income. We own it outright.
The 2012 Nissan Leaf that is leased for a very low price due to govt subsidies would also be worth between 1x and 1.2x if one were to purchase such a vehicle used.
I rounded the total down to 2x.
by madbrain
Wed Nov 12, 2014 8:07 pm
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 5938

Re: How do you track the value of your illiquid assets ?

so I knew you were under 50 . But whatever your retirement age if you have a house worth the same as your portfolio you generally considered to be over-housed or house poor. I.e. you are putting too much of your wealth into housing Right - I do have a lot of my wealth tied up in the house at this t...
by madbrain
Wed Nov 12, 2014 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2471

Re: If your networth is over $3 million, how did you do it?

But madbrain, you just told us that you don't pay much for your expensive health issues since insurance covers them for you. That means that the collective "we" are paying for it even while we are not whining and investing for our own futures and health issues. Indeed, I don't pay much fo...
by madbrain
Wed Nov 12, 2014 7:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 244
Views: 22003

Re: If your networth is over $3 million, how did you do it?

Someone made the comment that the vast majority of Americans can't save $3 million because their income is too low, and I said "That is not a problem, because the vast majority of Americans don't NEED $3 million dollars to retire comfortably". I did leave unstated, "at a normal retir...
by madbrain
Wed Nov 12, 2014 7:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 244
Views: 22003

Re: If your networth is over $3 million, how did you do it?

Grt2bOutdoors wrote:Give him your address in Kansas, you can show him how to make it on a measly $2MM or maybe tell him to go live in the Ozarks of Missouri for even cheaper.


Did we just go from arguing about living on $1M to $2M ?
by madbrain
Wed Nov 12, 2014 7:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 244
Views: 22003

Re: Any Legal ways to lower MAGI for ACA signup?

Just received the 2015 Open Enrollment package. My monthly premium has tripled for the same Silver plan and coverage. My premium on my Kaiser HMO plan through my employer went up 1% from last year. However, several of the copays actually went down, so the costs will be about the same. I haven't see...
by madbrain
Wed Nov 12, 2014 6:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any Legal ways to lower MAGI for ACA signup?
Replies: 34
Views: 4126

Re: If your networth is over $3 million, how did you do it?

You don't NEED to retire at 32 or 38. That's correct. Even if you did, you don't NEED $3 million... Live in the Mid-west in a small-town and a million dollars would keep you warm and fed for the rest of your life even if you retired at 32. You WANT $3 million, you don't NEED $3 million. I haven't e...
by madbrain
Wed Nov 12, 2014 6:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 244
Views: 22003

Re: How do you track the value of your illiquid assets ?

Aptenodytes, I don't need precision to a tenth degree. I would be happy to have some number I can update once a year within, say, $50-80k. Er, +-$50-80k precision for a ~$1m house is exactly what I meant by the 1/10th degree oven analogy. You can't possibly act on information with greater than +-$30...
by madbrain
Wed Nov 12, 2014 10:18 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2471

Re: How do you track the value of your illiquid assets ?

I have found Zillow to be completely useless because as I mentioned in my original post, the value shoots up and down frequently $300k or more from one month to another. Zillow can be a useful source for finding comps - you can search for homes sold recently, and at least in my area you can find th...
by madbrain
Wed Nov 12, 2014 9:34 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2471

Re: How do you track the value of your illiquid assets ?

You need financial counseling, not home valuation. You are "over housed" for a person in retirement with a portfolio worth less than the house and no pension. To give a comparison, We are retired and our house is 15% of our net worth. It was a hypothetical question - I'm only 38 and most ...
by madbrain
Wed Nov 12, 2014 9:25 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2471

Re: If your networth is over $3 million, how did you do it?

UADM wrote:Age of retirement is very important. At 32, 1 million will not retire me.


Yes, that's the point I was trying to make - at 38 with a $1 million portfolio, I know the portfolio is not even at the halfway point of supporting current expenses for myself and my husband.
by madbrain
Wed Nov 12, 2014 9:12 am
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 244
Views: 22003

Re: If your networth is over $3 million, how did you do it?

Move to Southeast Asia, you can live like a king for a million. Probably India as well. India has huge consumer inflation. Even there, there is no long-tem guarantee - say, if you want to retire young and have 50+ years retirement. Though of course, you will have a much higher likelihood of success...
by madbrain
Wed Nov 12, 2014 9:11 am
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 244
Views: 22003

Re: If your networth is over $3 million, how did you do it?

Point 2, don't get too fixated on exact numbers and lose the idea. Well, there is a pretty huge gap between $1M - and $3M, IMO, in terms of early retirement feasibility, so that can't be ignored. There must be some number less than 3M that would make you bail from an awful job. Or at 2.9M would you...
by madbrain
Wed Nov 12, 2014 9:07 am
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 244
Views: 22003

Re: How do you track the value of your illiquid assets ?

Why bother looking at it so often? Good question - ultimately I like to have at least one reliable number a year. If it is the volatility of the estimates that bothers you, then I would suggest looking only once a year, eyeballing the line graph Zillow provides, and mentally plotting a smoother tre...
by madbrain
Wed Nov 12, 2014 2:53 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2471

Re: How do you track the value of your illiquid assets ?

In my area, the county assesses the value of real estate for tax purposes. The assessed values are public record and are available on the net at the county's web site. Their values may not be exactly correct, but they are close enough for the purposes you describe. I can easily look up the assessed...
by madbrain
Wed Nov 12, 2014 2:50 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2471

Re: How do you track the value of your illiquid assets ?

If you want to estimate net worth I think Zillow is more representative than an insurance company's replacement cost estimate. If you wanted to you could sell your house at market value, but there's no mechanism for cashing in the house in exchange for insurance-based replacement cost. I have found...
by madbrain
Wed Nov 12, 2014 2:01 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2471

Re: If your networth is over $3 million, how did you do it?

Social Security will easily generate $15,000 a year, so $40,000 a year from your million bucks will give you the exact same lifestyle as when you were making $100k from a job... And you don't have to get up and go to work! I was talking about early retirement, as was the person I was responding to ...
by madbrain
Wed Nov 12, 2014 1:50 am
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 244
Views: 22003

Re: How do you track the value of your illiquid assets ?

Anon1234 wrote:What are you using the number for?


I believe I answered that in my original post.
by madbrain
Wed Nov 12, 2014 12:34 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2471

Re: If your networth is over $3 million, how did you do it?

To do it the LBYM way, you have to really like your job. Because after you hit say $1M, it'll be enough for you to bail if you don't like heading to work everyday. Using a 4% safe withdrawal rate which is generally recommended, $1 million is only about $40k annual income. It can be pretty difficult...
by madbrain
Tue Nov 11, 2014 11:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 244
Views: 22003

Re: How do you track the value of your illiquid assets ?

How do you value this type of illiquid assets ? I don't. I might estimate replacement cost for insurance purposes, but that's about it. That's about if for me too with the exception that I would want a more specific number of an asset's value if I want to sell it. But as far as worrying about month...
by madbrain
Tue Nov 11, 2014 11:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2471

Re: How do you track the value of your illiquid assets ?

As a taxonomist I have to ask the obvious teleological question "what is the purpose of the tracking?" OP states You may ask why do I care what the number is. That would be a good question. There is no one really good answer to that. The primary reason to track the value of illiquid asset...
by madbrain
Tue Nov 11, 2014 11:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2471

How do you track the value of your illiquid assets ?

I know that many Bogleheads track their net worth. The financial components are relatively easy to value, as they tend to trade on a regular basis, ie. they are "marked to market". But some assets and instruments are difficult to value. For BH who are homeowners, the biggest illiquid asset...
by madbrain
Tue Nov 11, 2014 10:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2471

Re: How can I convince my wife to accept investing??

ekonstan wrote:That is what i am planning to do. She already agreed to let me invest 100 euro per month.


A whole 100 euros per month ? I hope you find a provider with sufficiently low cost. Many tend to eat at your return with fees, especially on small accounts.
by madbrain
Tue Nov 11, 2014 10:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: How can I convince my wife to accept investing??
Replies: 54
Views: 4288

Re: Electricity costs going up

Right that's what I was thinking of, the total cost around 21 cents/ kwhr. I think that is the highest state overall, in the continental USA. However NYC itself probably has higher, and it's possible to pay higher in CA depending where you live and how much you use and when in the day, CA certainly...
by madbrain
Tue Nov 11, 2014 8:30 pm
 
Forum: Personal Consumer Issues
Topic: Electricity costs going up
Replies: 46
Views: 3180

Re: Windfall Elimination Provision question

Where is sscritic when you need him ?
by madbrain
Tue Nov 11, 2014 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Windfall Elimination Provision question
Replies: 16
Views: 1734

Re: Junk bond fund NAVs

So the market decides to raise the risk premium, junk bond prices fall and credit spread widens. VWEHX dropped from about $6 in 2007 to $3.97 on Halloween 2008. Fun Scary stuff :twisted: If you look at a growth chart, and not a price chart, you would see that $10K invested in VWEHX on 8/1/2008 drop...
by madbrain
Tue Nov 11, 2014 6:50 am
 
Forum: Investing - Theory, News & General
Topic: Junk bond fund NAVs
Replies: 86
Views: 5077

Re: Reliable mid size car

Current generation Prius . Yes, it's a mid-size. We have a 2011 and couldn't be happier with it.
by madbrain
Tue Nov 11, 2014 2:22 am
 
Forum: Personal Consumer Issues
Topic: Reliable mid size car
Replies: 23
Views: 2471
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