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Re: Electric Water Heater

mbres60 wrote:How will that stop a water heater from emptying its contents?


I was responding to the concern for a catastrophic failure.
by user5027
Tue Oct 28, 2014 11:51 am
 
Forum: Personal Consumer Issues
Topic: Electric Water Heater
Replies: 14
Views: 782

Re: Electric Water Heater

mbres60 wrote: It works fine but now that we are retired we want to travel some and don't want to have to worry about a catastrophic failure while we are gone.


When you travel turn off the power and water supply to the heater.
by user5027
Tue Oct 28, 2014 10:57 am
 
Forum: Personal Consumer Issues
Topic: Electric Water Heater
Replies: 14
Views: 782

Re: Most financially economical choice for a car

If you believe google results, people are able to buy a Prius for $19k. I wonder how much they save on gas over the years compared to a conventional car. I looked it up: https://www.nytimes.com/2012/04/05/business/energy-environment/for-hybrid-and-electric-cars-to-pay-off-owners-must-wait.html &quo...
by user5027
Tue Oct 28, 2014 6:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Most financially economical choice for a car
Replies: 49
Views: 3543

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

I'm comfortable enough given what happened in Sandy that the risk is reasonably contained: basement is unfinished half-height, gets wet every few years anyway in very heavy and prolonged rains where the water table rises above the floor, even Sandy was only a few inches more than that, and I happen...
by user5027
Sat Oct 25, 2014 7:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: NJ - Buying house in flood zone (FEMA)?
Replies: 42
Views: 2026

Re: Refinancing Advice - is cash out refinance good or bad

I would not.

I have seen local homes listed in sheriffs sales for mortgage foreclosures. The judgement amount exceeded what the homes were bought for. The owners did a cash out refi at the market peak and are now underwater.
by user5027
Sat Oct 25, 2014 7:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinancing Advice - is cash out refinance good or bad
Replies: 11
Views: 1169

Re: tax implications of international in taxable account

In another thread, a poster advised the OP that owning international in a taxable account was good due to the ability to deduct foreign taxes. Could someone explain to me how that works? What would that mean someone in the highest tax bracket? Are there phaseouts? Do you have to itemize to get a de...
by user5027
Sat Oct 25, 2014 8:43 am
 
Forum: Investing - Help with Personal Investments
Topic: tax implications of international in taxable account
Replies: 3
Views: 446

Re: Question on transferring After Tax Funds

Only the gain is taxable.

If you hold the shares for less than one year it is a short term gain, more than one year is a long term gain. There are different rates.
by user5027
Sat Oct 25, 2014 8:35 am
 
Forum: Investing - Theory, News & General
Topic: Question on Selling After Tax Funds
Replies: 15
Views: 548

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

I live in Mercer County NJ and was not aware we had flood zones here as we are so far inland and for the most part not near bodies of water.. Mercer County NJ borders the Delaware River. There are section of homes between Route 29 and the river near Sullivan Way that have been flooded numerous times.
by user5027
Fri Oct 24, 2014 4:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: NJ - Buying house in flood zone (FEMA)?
Replies: 42
Views: 2026

Re: Android Auto -- Google in your car

Boglehead Android Auto...
http://www.amazon.com/dp/B00GZZTTEM?psc=1

Works today in my 1991 BMW.
by user5027
Fri Oct 17, 2014 3:10 pm
 
Forum: Personal Consumer Issues
Topic: Android Auto -- Google in your car
Replies: 6
Views: 589

Re: Help on Turbo Tax Long term cap gains

I'm doing a sample run of my 2014 taxes on Turbo Tax. I have about 40% long term cap gains on some taxable Total Stock Market I'd like to exchange to bonds.(sell) My assumption is that since I am in the 15% tax bracket, as long as I say under $70k+ income I would pay no tax on the gains. (line 43) ...
by user5027
Tue Oct 14, 2014 9:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Help on Turbo Tax Long term cap gains
Replies: 29
Views: 1617

Re: What if I make a mistake in choosing IRA

I am trying to decide on either a traditional or Roth IRA, as everyone knows it requires a fair amount of guessing in terms of what tax bracket I will be in in the future and what not. Hypothetically, if I end up making a mistake and choose for example a Roth and when I reach retirement I realize t...
by user5027
Mon Oct 13, 2014 7:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: What if I make a mistake in choosing IRA
Replies: 9
Views: 676

Re: Nedd Social Security explained

skeptic88 wrote:Can someone please explain to me what Social Security is, as far as who is eligible for it? What determines how much you get back?
I keep hearing people talk about SS like it is a bond, what that all about?


Everything you need....
http://www.ssa.gov/

It is an annuity.
by user5027
Sun Oct 12, 2014 9:56 pm
 
Forum: Investing - Theory, News & General
Topic: Nedd Social Security explained
Replies: 2
Views: 463

Re: Making distributions to heirs.

Mom's will left her estate to three sons. Dad had passed 2 years earlier. She left unequal amounts to the three. I figured it was based on the grandchildren. One family had 3 grandchildren, one had two and the third had one. Adding it up she had 12 heirs with the sons, daughter in laws and grandchil...
by user5027
Sat Oct 11, 2014 6:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Making distributions to heirs.
Replies: 13
Views: 1400

Re: Best solution for clouded auto headlight lens?

I tried a headlight restoration kit and had limited success. Ultimately wound up buying aftermarket headlamps and had the local garage install them.
by user5027
Sat Oct 11, 2014 6:06 pm
 
Forum: Personal Consumer Issues
Topic: Best solution for clouded auto headlight lens?
Replies: 31
Views: 2699

Re: Draw down taxable saving first?

It is an incentive to time retirement so you can do conversions before claiming social security and needing to take RMDs.
by user5027
Sat Oct 11, 2014 7:52 am
 
Forum: Investing - Theory, News & General
Topic: Draw down taxable saving first?
Replies: 38
Views: 2573

Re: Draw down taxable saving first?

It is a huge puzzle that does not have a simple answer. The pieces include... taxable gains and losses short term or long term tax rates (ordinary income, capital gains, state) when will social security kick in (are conversions to roth advantageous before) medical insurance subsidy (drawing from def...
by user5027
Fri Oct 10, 2014 10:34 am
 
Forum: Investing - Theory, News & General
Topic: Draw down taxable saving first?
Replies: 38
Views: 2573

Re: Simple penalty question about 401k/IRA

Yes if the distribution is all pretax and none of the exceptions apply....

http://www.irs.gov/taxtopics/tc558.html
by user5027
Mon Oct 06, 2014 5:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Simple penalty question about 401k/IRA
Replies: 3
Views: 276

Re: I am surely doing something wrong (FireCalc question)

Can I ask Firecalc users another question. How does Firecalc handle investment expenses? Is there some expense ratio input to cover it, or do you have to include it as part of your spending rate in some way, or what? thanks JW You can input your expense ratio on the "Your Portfolio" tab/p...
by user5027
Sat Oct 04, 2014 9:25 am
 
Forum: Personal Finance (Not Investing)
Topic: I am surely doing something wrong (FireCalc question)
Replies: 45
Views: 4004

Re: Slingbox to "Wire" TV two floors away?

Slingbox needs to be connected to your network and a computer connected to the network can receive the signal. If screen is too small connect the tv or large enough monitor to the video output from computer.
by user5027
Fri Oct 03, 2014 7:06 am
 
Forum: Personal Consumer Issues
Topic: Slingbox to "Wire" TV two floors away?
Replies: 18
Views: 1600

Re: Lakefront property with small children?

2. From a young age, kids should go to swimming lessons. Swimming lessons start here at 6 months old ;>) It's not overstating it to say that the children in every family in my friend group take swimming lessons. +1 We raised two children and live on a river (across the street). Our neighbor's had a...
by user5027
Tue Sep 30, 2014 11:54 am
 
Forum: Personal Consumer Issues
Topic: Lakefront property with small children?
Replies: 44
Views: 2111

Re: Car buying/leasing...

I had always heard the last day of the month when the sales department is trying to make the ##.
by user5027
Wed Sep 24, 2014 3:10 pm
 
Forum: Personal Consumer Issues
Topic: Car buying/leasing...
Replies: 6
Views: 571

Re: Norwegian Airlines

We flew from Copenhagen Denmark to Edinburgh Scotland on Norwegian Air last fall. I booked them through CheapOair.

I would do it again.
by user5027
Wed Sep 24, 2014 10:15 am
 
Forum: Personal Consumer Issues
Topic: Re: Norwegian Airlines
Replies: 24
Views: 2041

Re: Retirees: did you calculate the cost of health care pri

I'm hoping to retire in 5 years, which on one hand will be great. I'll only be 59 and god willing still healthy. on the other hand I've got almost 10 years of paying for my health care on my own. So starting my research on the cost of private health care. I currently have health insurance through m...
by user5027
Fri Sep 19, 2014 12:06 pm
 
Forum: Personal Consumer Issues
Topic: Retirees: did you calculate the cost of health care prior.
Replies: 4
Views: 358

Re: How do you store your electronic account statements?

I download all statements to my laptop. I do periodic backups (several times a week) of my laptop to two usb portable drives. One is at home and the other is at work so I am protected if my house or office burns down with one of the drives and my laptop. If your house burns down your paper statement...
by user5027
Wed Sep 17, 2014 6:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you store your electronic account statements?
Replies: 24
Views: 1755

Re: 3.0% 8 year non-callable CD - opinions?

livesoft wrote:Whoops, the 3.0% one we just discussed is no longer showing up. Maybe it was completely sold out in the past 10 minutes although there were more than $2.5million worth available when I saw it. Somebody must've liked it. :)


Maybe it was Janet Yellen. :oops:
by user5027
Mon Sep 15, 2014 5:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3.0% 8 year non-callable CD - opinions?
Replies: 6
Views: 734

Re: Reinvest dividends and capital gains?

For dividends; in taxable they are directed to my MMF and in tax deferred they are re-invested.

I know Vanguard will keep track of all the small lots in my taxable but I am a firm believer in keeping it simple.

I usually use the dividends in the MMF to fund our IRAs.
by user5027
Mon Sep 01, 2014 4:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reinvest dividends and capital gains?
Replies: 44
Views: 3969

Re: How to become a millionaire retiree -- then and now

livesoft wrote:Now I am embarassed by my great starting salary and that of my spouse.


No worries. We appreciated the taxes you've paid. :D
by user5027
Sun Aug 31, 2014 8:08 pm
 
Forum: Investing - Theory, News & General
Topic: How to become a millionaire retiree -- then and now
Replies: 67
Views: 10137

Re: Which generator do you have?

In 2006 bought an 8kw (13kw starting) generac/briggs & stratton gasoline fueled with electric start for $1,200. In 2008 I hired an electrician to install a plug on the side of the house wired to a disconnect switch (will not back feed) sub panel with 8 circuits on it. I paid him $900. My setup i...
by user5027
Sun Aug 31, 2014 11:08 am
 
Forum: Personal Consumer Issues
Topic: Which generator do you have?
Replies: 127
Views: 8895

Re: Help me evaluate a standby generator quote

In 2006 we lost power after a storm in our area and on the second day I decided to go to Home Depot and buy a 5kw generator to power the fridge, well pump and a few circuits. They were sold out and I bought an 8kw (13kw starting) generac/briggs & stratton with electric start for $1,200. More tha...
by user5027
Sun Aug 31, 2014 9:46 am
 
Forum: Personal Consumer Issues
Topic: Help me evaluate a standby generator quote
Replies: 29
Views: 2025

Re: Investing for inlaws

hulio82 wrote: Anything else i should be considering that i'm missing before i determine how much to invest?
TIA


Emergency fund.

http://www.bogleheads.org/wiki/Emergency_fund
by user5027
Wed Aug 20, 2014 4:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing for inlaws
Replies: 23
Views: 1029

Re: tIRA - Tax deductions

There are income limits and limitations if you and/or your wife are covered by a retirement plan. Go to the IRS website, download the instructions for the 2013 form 1040 and use the IRA worksheet for your situation.
by user5027
Wed Aug 20, 2014 3:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: tIRA - Tax deductions
Replies: 9
Views: 655

Re: Questions about fertilizing and seeding lawn

I've rented a lawn renovator from my local tool rental center. It is gasoline powered, self propelled, walk behind, has a compartment for the grass seed and rotating drum. It slices the turf/soil slightly and spreads the seed. The seed is in contact with the soil.
by user5027
Tue Aug 19, 2014 10:15 am
 
Forum: Personal Consumer Issues
Topic: Questions about fertilizing and seeding lawn
Replies: 21
Views: 1579

Re: Choosing and paying an executor

Our wills name spouse then as secondary our two children and then as tertiary my brother for me. My wife has no tertiary named.

When our children were younger the wills at that time named my father as secondary. He has since passed on.
by user5027
Mon Aug 18, 2014 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Choosing and paying an executor
Replies: 10
Views: 888

Re: Is the goal in sight? Should I relax?

If Firecalc told you in 14 years you can retire with $100k in income and a 95% chance of $1 million left as an estate after 30 years, would you feel you were well on the way? All this assumes a contribution of $15k a year from here on out until retirement day. Yes, but a lot can happen in 14 years....
by user5027
Thu Aug 14, 2014 4:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is the goal in sight? Should I relax?
Replies: 19
Views: 2372

Re: Flood proofing a basement

Build a dike or cofferdam out of concrete or concrete block one step outside the door. The height should match the 6 inches of protection needed at the door.

Maybe not the prettiest solution but I am an engineer.
by user5027
Thu Aug 14, 2014 1:18 pm
 
Forum: Personal Consumer Issues
Topic: Flood proofing a basement
Replies: 24
Views: 1889

Re: The Worst Investment You Can Make: Buying a Home

Investing with Bernie Madoff would have been worse.
by user5027
Fri Aug 08, 2014 5:08 pm
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 16478

Re: Neighbor's Tree

My neighbor has a huge maple tree on his property that leaves a lot of work for me in the fall. The leaves are quite large and after raking, I can easily fill a dump truck. Is this just a part of having neighbors or should I expect them to prune and make the tree more manageable. How about helping ...
by user5027
Fri Aug 08, 2014 9:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Neighbor's Tree
Replies: 44
Views: 3144

Re: Neighbor's Tree

Our neighbor (30 years) and I have a running joke. Whenever he sees me raking leaves he yells over "Hey, stop stealing my leaves!" We also joke about who keeps their lawn the shortest (like a glass table top) in the fall so the wind blows the leaves over to the other guys property. All in ...
by user5027
Thu Aug 07, 2014 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Neighbor's Tree
Replies: 44
Views: 3144

Re: Renting a car - what could I have done better?

If I only needed the car to get to downtown I would have taken a taxi for $28.50 plus tip ....

http://www.phl.org/passengerinfo/transp ... /taxi.aspx
by user5027
Mon Aug 04, 2014 4:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Renting a car - what could I have done better?
Replies: 12
Views: 1134

Re: Investing for those in the 15% tax bracket

Tax deferred accounts and Roth accounts treat cap gains, whether short or long, and dividends, whether qualified or not, the same way. The only difference is whether you are taxed at the beginning (Roth) at tax rate #1 (Roth), or at withdrawal/conversion time at tax rate #2 (deferral). If those two...
by user5027
Mon Aug 04, 2014 3:07 pm
 
Forum: Investing - Theory, News & General
Topic: Investing for those in the 15% tax bracket
Replies: 38
Views: 2826

Re: Any engineers? Studying for Civil-Structural PE

If you look at the volume of references for all the disciplines taking the exam, the civil structural guys are the ones with the suitcases, not because they are over zealous but because there are that many condes/references covered on the exam. You always new the Saturday the PE exam was being give...
by user5027
Wed Jul 30, 2014 9:16 am
 
Forum: Personal Consumer Issues
Topic: Any engineers? Studying for Civil-Structural PE
Replies: 15
Views: 1231

Re: Purchasing Food at Work

Leftovers from dinner. :moneybag
by user5027
Thu Jul 17, 2014 10:58 am
 
Forum: Personal Consumer Issues
Topic: Purchasing Food at Work
Replies: 41
Views: 4223

Re: "The Incredibly Shrinking Financial System" by Jack Bogl

I was hearing (noise?) the last few days about how the big banks are experiencing lower trading revenues.

Is it possible Mr. Bogle's #1 and #2 are the cause? :?:

To buy and hold. :sharebeer
by user5027
Wed Jul 16, 2014 4:22 pm
 
Forum: Investing - Theory, News & General
Topic: "The Incredibly Shrinking Financial System" by Jack Bogle
Replies: 10
Views: 1703

Re: Snake!

I though this thread was going to be about a financial advisor. :oops:
by user5027
Wed Jul 16, 2014 2:34 pm
 
Forum: Personal Consumer Issues
Topic: Snake!
Replies: 51
Views: 4413

Re: vacation points program

I think that you did the right thing.
by user5027
Mon Jul 14, 2014 6:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: vacation points program
Replies: 18
Views: 1621

Re: Buying a camper

I know families that ended up buying a new rig to pull their new travel trailer - right after they tried to tow it over a mountain pass. My father in 1966 was pulling the boat/trailer with the family station wagon through the hills of western Maryland to Deep Creek Lake for a camping trip. After we...
by user5027
Mon Jul 14, 2014 6:18 pm
 
Forum: Personal Consumer Issues
Topic: Buying a camper
Replies: 26
Views: 2763

Re: Sell taxable account to pay down student loans?

parsox wrote: This house will not be our final home as we move every 3 years.


Are you selling and buying every three years? You may want to consider renting. The transaction costs may make renting the wiser choice. I have heard do not buy unless you plan to live there at least 7 years.
by user5027
Mon Jul 14, 2014 2:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sell taxable account to pay down student loans?
Replies: 15
Views: 1006
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