Search found 352 matches

by CedarWaxWing
Sun Nov 12, 2017 5:39 pm
Forum: Personal Consumer Issues
Topic: Thoughts about wearing a "uniform"/same thing everyday?
Replies: 129
Views: 7896

Re: Thoughts about wearing a "uniform"/same thing everyday?

In college years: 1. Me: Total kiss principle. Blue jeans (cheaper than non blue jeans in the 1969 years for at least 10 years of my higher ed years. Long sleeved white dress shirts, sleeves worn rolled up. ( $0.25 at the college thrift shop, and few college students bought them.) Converse tennis sh...
by CedarWaxWing
Fri Nov 10, 2017 12:43 am
Forum: Investing - Help with Personal Investments
Topic: Buying bitcoin / Cryptocurrency to market cap (.3%)
Replies: 42
Views: 3067

Re: Buying bitcoin / Cryptocurrency to market cap (.3%)

I will show my ignorance here. Since I have no knowledge of it having any innate value, and no knowledge of why it can go up or down in price when a person buys or sells it... I would not touch that with a ten foot pole. It strikes me as a very unregulated vapor currency that seems to fluctuate wild...
by CedarWaxWing
Thu Nov 09, 2017 12:11 am
Forum: Investing - Theory, News & General
Topic: RMDs – Best time to take during the year?
Replies: 12
Views: 1457

Re: RMDs – Best time to take during the year?

I have a few recommendations: Take the RMD late in the year, like November, to allow any capital gains to be earned in the tax-deferred account, thus deferring any tax due on those gains. RMDs don't have to be in cash. They can be in-kind, ie shares in a mutual fund. If the tax-deferred account is ...
by CedarWaxWing
Tue Nov 07, 2017 1:23 am
Forum: Personal Finance (Not Investing)
Topic: 529 question: Are stipends given for MD-PhDs considered as scholarships ?
Replies: 17
Views: 1487

Re: 529 question: Are stipends given for MD-PhDs considered as scholarships ?

Often the dual degrees opens doors and opportunities... and an Md may help to get the right grants for the Phd work. I know a couple of Mds who later obtained a JD... thinking they would practice law and leave medicine. They both gave it a try and came back to be practicing Mds. As much as Mds compl...
by CedarWaxWing
Mon Nov 06, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: 529 question: Are stipends given for MD-PhDs considered as scholarships ?
Replies: 17
Views: 1487

Re: 529 question: Are stipends given for MD-PhDs considered as scholarships ?

(also, holy wow are those MD/PhD programs a good deal!) Only if you want to spend ten years in training after college. And many MD/PhDs really struggle to use both degrees, ending up using just one or the other. My son is in a Phd program, at a medical university, and did a lot of asking around abo...
by CedarWaxWing
Wed Nov 01, 2017 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: American Funds vs. benchmark on American Funds website?
Replies: 25
Views: 1248

Re: American Funds vs. benchmark on American Funds website?

Perhaps this will help https://www.americanfunds.com/individual/insights/the-capital-advantage/five-american-funds-that-beat-the-first-index-funds-lifetime-results.html.html Note that 1. The S and P 500 is not the appropriate benchmark for some of those funds (per morningstar). 2. The second column...
by CedarWaxWing
Tue Oct 31, 2017 4:38 pm
Forum: Personal Consumer Issues
Topic: Do you subscribe to digital newspapers?
Replies: 80
Views: 4524

Re: Do you subscribe to digital newspapers?

2 of them. if no one subscribes they may either disappear or become too dependent on the ads to maintain any objectivity.

I consider it my way to promote freedom of the press.
by CedarWaxWing
Mon Oct 30, 2017 1:29 am
Forum: Personal Finance (Not Investing)
Topic: Basic money management s/w for a mac-based millennial English major?
Replies: 21
Views: 1285

Re: Basic money management s/w for a mac-based millennial English major?

Like a lot of her peers my daughter has graduated college and she's working, but just doesn't feel confident that she understands where her money is going and whether she's meeting her savings goals. She's not disciplined enough to build her own budget and track everything via spreadsheet. Dad uses...
by CedarWaxWing
Sun Oct 29, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 12064

Re: Request for Promotion letter to Senior Management

The letter is a terrible idea, but then again it may not even matter whether you send it or not. Sometimes you can see your future in organizations and it sounds like you can see yours; you just don't like what it says. From what I can tell, you've been banging on about a promotion for some time no...
by CedarWaxWing
Sun Oct 29, 2017 4:05 pm
Forum: Personal Consumer Issues
Topic: Worry About Home Title Fraud?
Replies: 23
Views: 1995

Re: Worry About Home Title Fraud?

I can't imagine how it could negatively effect my real estate title in my home state. The "crook" can only grant whatever interests he/she has, and posing as me without my authority he/she has no such authority, even if they pull the wool over the lender's eyes .... it seems to me that in such case...
by CedarWaxWing
Sun Oct 29, 2017 3:54 pm
Forum: Personal Consumer Issues
Topic: Sunscreen: use it all the time? (And what's a good one w/o sting?)
Replies: 58
Views: 3435

Re: Sunscreen: use it all the time? (And what's a good one w/o sting?)

hiking sun gloves [/quote] I had never seen these until we were out on an all day birdwatching trip in August. Several of the hard-core birdwatchers (they do this every day) were wearing them. Probably makes sense to try these for days we are out all day. Hands are always out and exposed. [/quote] A...
by CedarWaxWing
Sun Oct 29, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: Sunscreen: use it all the time? (And what's a good one w/o sting?)
Replies: 58
Views: 3435

Re: Sunscreen: use it all the time? (And what's a good one w/o sting?)

Board-certified dermatologist. Sunscreen every day. Patients ask me daily what is the best sunscreen. I respond "the one that you put on." Most people are interested in buying "the best" but usually fail to actually use the product. General recommendations: - one that is "broad-spectrum" (filters U...
by CedarWaxWing
Sat Oct 28, 2017 5:31 pm
Forum: Personal Consumer Issues
Topic: Going to SF, Yosemite and Sacramento and NOW PORTLAND
Replies: 49
Views: 2318

Re: Going to SF, Yosemite and Sacramento

The best hike I've take in Yosemite is the Panoramic Trail. It starts at Glacier Point and walks all the way down to Happy Isles via Nevada falls. Takes all day, pretty much. Take the bus up to Glacier Falls and walk down. If you are going to go to Alcatraz, let me know via PM and I can give a guid...
by CedarWaxWing
Thu Oct 26, 2017 6:21 pm
Forum: Personal Consumer Issues
Topic: Accessing a Social Security Office
Replies: 20
Views: 1247

Re: Accessing a Social Security Office

http://beta.latimes.com/business/hiltzik/la-fi-hiltzik-social-security-service-20171019-story.html "Since they’ve been unsuccessful (thus far) at cutting Social Security benefits, congressional Republicans are continuing to resort to the backdoor assault on the program by starving its administrative...
by CedarWaxWing
Sun Oct 01, 2017 10:57 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 15237

Re: Why do you LBYM? Why do you save and invest?

I LBYM so someday (when I am no longer able to work) I can ROML and not have to eat cat food.

(Rest on my laurels.)
by CedarWaxWing
Sun Oct 01, 2017 10:39 am
Forum: Personal Consumer Issues
Topic: Is it a waste of money having your furnace checked every year?
Replies: 58
Views: 6195

Re: Is it a waste of money having your furnace checked every year?

http://ths.gardenweb.com/discussions/2410432/voltage-absorption-system http://abc11.com/home/ac-repair-leaves-apex-homeowner-with-questions/2289963/ Well, the Hvac industry has a new scam going... Voltage absorption system rejuvenation. I suspect that one way to screen an Hvac company is to call the...
by CedarWaxWing
Sat Sep 30, 2017 3:15 pm
Forum: Investing - Theory, News & General
Topic: A Tale of Two Strategies
Replies: 27
Views: 3783

Re: A Tale of Two Strategies

"My friend shared with me that he realized his variable annuity was a loser and cashed it out with penalties to get rid of it, reinvesting in individual stocks inside his traditional IRA at the advice of the same advisor who sold him the annuity. He pays 1% AUM plus ER's, if any, and trading costs o...
by CedarWaxWing
Mon Sep 25, 2017 1:30 pm
Forum: Personal Consumer Issues
Topic: Do you avoid risky adventures once you have the money?
Replies: 71
Views: 4314

Re: Do you avoid risky adventures once you have the money?

Looking back, some of the risks I took before age 22 were things I would never look back at and call those risks a good idea. Now, in my last 1/3 of life, I don't feel that I have the time to waste in a hospital ward going through surgeries and rehab for trauma that can be avoided. This is especiall...
by CedarWaxWing
Mon Sep 25, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Question for those familiar with Classic Car Insurance & Umbrella Policy
Replies: 12
Views: 861

Re: Question for those familiar with Classic Car Insurance & Umbrella Policy

Reading between the lines here... it sounds like you umbrella policy only covers excess liability you would have on the other items you have insured with the umbrella issuer on your other policies. For example, if you have two regular daily use cars that are insured with Company X, and you have the ...
by CedarWaxWing
Mon Sep 25, 2017 12:56 pm
Forum: Personal Consumer Issues
Topic: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?
Replies: 125
Views: 8709

Re: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?

Don't forget to rule out the physicians who have had disciplinary actions against them and have been sued too many times. You can get this information from licensing boards and state court records. While intuitive on the surface, you have to view this from the perspective of the willingness of surg...
by CedarWaxWing
Mon Sep 25, 2017 12:51 pm
Forum: Personal Consumer Issues
Topic: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?
Replies: 125
Views: 8709

Re: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?

I'm not a doctor, but someone once told me to ask an anesthesiologist for a recommendation on a surgical procedure. 1. As a retired anes doc I would agree... and I have called other anes docs I did not know for that exact purpose, and would do so again. 2. Someone asked if there is ever a financial...
by CedarWaxWing
Fri Sep 15, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: A debt of thanks to good authors, from WCI
Replies: 2
Views: 553

A debt of thanks to good authors, from WCI

https://www.whitecoatinvestor.com/a-debt-of-gratitude-for-financial-mentors/ Another nice post from WCI. If you have not read something from each author... it may be beneficial to do so. All these guys, and a few more, have made my financial reading far more beneficial than books written in earlier ...
by CedarWaxWing
Sat Sep 09, 2017 10:47 am
Forum: Personal Consumer Issues
Topic: Keep or let go of my car?
Replies: 44
Views: 3541

Re: Keep or let go of my car?

N10sive wrote:
Thu Sep 07, 2017 5:58 pm
Brakes are a max 250. Arm bushings maybe 400. Windshield! Should be less than 500. Honestly your just getting ripped off. Go to a trusted mechanic and glass person. You could pry get away with 4k for repairs.
1+
by CedarWaxWing
Thu Sep 07, 2017 6:43 pm
Forum: Personal Consumer Issues
Topic: Keep or let go of my car?
Replies: 44
Views: 3541

Re: Keep or let go of my car?

Brakes are a max 250. Arm bushings maybe 400. Windshield! Should be less than 500. Honestly your just getting ripped off. Go to a trusted mechanic and glass person. You could pry get away with 4k for repairs. I took my Rav 4 to a dealer for a recall of something minor... and got a call telling me I...
by CedarWaxWing
Thu Sep 07, 2017 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: NJ Teacher Lost with 403bs
Replies: 30
Views: 3846

Re: NJ Teacher Lost with 403bs

I don't think there is any reason to think that the OP has an annuity based 403b. Lincoln Investment is a mutual fund based 403b provider. There is also a Lincoln life insurance company that sells annuity based 403b plans. The Lincoln Investment Solutions Premier Management/Wrap fee is 1.25% as of ...
by CedarWaxWing
Thu Sep 07, 2017 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie transfer Ameriprise to Vanguard?
Replies: 5
Views: 387

Re: Newbie transfer Ameriprise to Vanguard?

I found one sales costs for one of the First Trust funds... 1.85. On the First Trusts site, on on Ameriprise it may well be signicantly more.

I could not find other costs either... but we know they are all high.

You had good advice from the other posters.

Best.

M
by CedarWaxWing
Thu Sep 07, 2017 7:32 am
Forum: Investing - Theory, News & General
Topic: Do retiree BHs actually run down their portfolios?
Replies: 73
Views: 8518

Re: Do retiree BHs actually run down their portfolios?

I am 3 years into retirement with a conservative 60/40 portfolio. Have only withdrawn 2% per year pre tax money so far, and put at least half back into after tax savings. A lot depends on how much you have going into retirement and if you start during a bull or bear market. I am guessing that a lot...
by CedarWaxWing
Sat Sep 02, 2017 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Index Annuity
Replies: 23
Views: 1550

Re: Roth IRA Index Annuity

I would keep the annuity because these index annuities are good long term investments. I own one myself but not in a Roth. You must remember that these are long term investments and I mean long term. 12 to 16 years. Otherwise you lose in the short term by paying the surrender charges. The insurance...
by CedarWaxWing
Sat Sep 02, 2017 11:29 am
Forum: Personal Consumer Issues
Topic: American Greed new season kicks off on Saturday
Replies: 17
Views: 2632

Re: American Greed new season kicks off on Saturday

John Elway of the Denver Broncos got scammed out of mucho cash from one of these type of scammers. So its good to know very smart people can be scammed too. Never let your guard down. ps! Scammer either committed suicide, or is in prison I can't remember. Elway had a degree in economics, and got sc...
by CedarWaxWing
Sat Sep 02, 2017 8:51 am
Forum: Investing - Theory, News & General
Topic: Robert Kiyosaki - rich dad, poor dad
Replies: 45
Views: 4688

Re: Robert Kiyosaki - rich dad, poor dad

He's a scam artist https://www.youtube.com/watch?v=HE6nT0oyPt8 The video shows the con guy advising folks to use their credit cards to pay as much as 45 K to get his "advanced" get rich scam classes. This included encouraging people to raise their credit limits on the spot to make such purchases......
by CedarWaxWing
Tue Aug 29, 2017 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Plan I can Implement -- what's appropriate fee?
Replies: 32
Views: 5413

Re: Seeking Plan I can Implement -- what's appropriate fee?

I'm more upset when I lose a sock than when I lose tens of thousands of dollars. I know the sock will never be found (though I have found the socks of complete strangers in my laundry) while the money will eventually return to me. I usually by several identical pairs of socks...so I am almost alway...
by CedarWaxWing
Tue Aug 29, 2017 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Plan I can Implement -- what's appropriate fee?
Replies: 32
Views: 5413

Re: Money laundering

:sharebeer
VictoriaF wrote:
Wed Jan 11, 2012 9:50 am
Money laundering can be profitable. At least, for a while.

Victoria
by CedarWaxWing
Tue Aug 29, 2017 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Financial advisor question
Replies: 58
Views: 5264

Re: Financial advisor question

I'd like to address a few of your statements. You have done pretty well with this adviser over the years, so feel that perhaps he's added some value. My response is "bunk!". Some years ago, I transferred an old 401k into a rollover IRA. Then I did the thing that a Fidelity study says brings investo...
by CedarWaxWing
Tue Aug 29, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Transitioning management of investments as cognitive ability declines
Replies: 46
Views: 4254

Re: Transitioning management of investments as cognitive ability declines

"I would start with having a trustworthy child monitor my checking account for a few years before I moved them onto my investments. That is what my dad has done with one sibling handling the checking account and I enter his buy/sell requests for investments online for him. " We did this for years fo...
by CedarWaxWing
Sun Aug 27, 2017 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Transitioning management of investments as cognitive ability declines
Replies: 46
Views: 4254

Re: Transitioning management of investments as cognitive ability declines

"My parents had quite a different experience with a bank and a trust officer, annual Fees were increased dramatically, in a period of a few months, without notification." "They and others sued. They won but a portion of the money owed them went to some of the lawsuit costs." "This explains my warine...
by CedarWaxWing
Fri Aug 25, 2017 5:12 pm
Forum: Investing - Theory, News & General
Topic: Amazed by Vanguard Wellington's Performance
Replies: 62
Views: 9666

Re: Amazed by Vanguard Wellington's Performance

I was looking at wellington numbers compared to the other "popular balanced funds", like puritan, fidelity balanced, and vanguard balanced index. Wellington seems to best them with relatively less risk when compared to the fidelity funds. I am not exactly sure how they do it for such long period of...
by CedarWaxWing
Sun Aug 20, 2017 2:36 pm
Forum: Personal Consumer Issues
Topic: HVAC scam?
Replies: 10
Views: 1658

Re: HVAC scam?

I don't know if it is a scam, but anytime you need major work done you should get multiple estimates. Looks to me like you got one estimate of 844 bucks and one for $300, problem solved, don't use the 800 guy in the future. I don't know what you would report. Perhaps he did try to overcharge you. T...
by CedarWaxWing
Sun Aug 20, 2017 12:26 pm
Forum: Personal Consumer Issues
Topic: HVAC scam?
Replies: 10
Views: 1658

HVAC scam?

This is for comment and opinions at to whether my perception could possibly be wrong: Scenario: My electric furnace last winter quite working. Looking at it I found the blower to be humming, and not moving. Easy call: Blower is out. The electric furnace and heat pump is from 1990. I called an Hvac c...
by CedarWaxWing
Wed Aug 16, 2017 6:19 pm
Forum: Personal Consumer Issues
Topic: Should I put other jobs on my resume?
Replies: 14
Views: 1112

Re: Should I put other jobs on my resume?

If you have built a significant reliable income from tutoring , and have a web page demonstrating something worth showing, I would say put it in the resume, especially if that was a significant part of your work experience. Depending on what level of students you tutored, what subjects, and what age...
by CedarWaxWing
Mon Aug 07, 2017 11:39 am
Forum: Personal Consumer Issues
Topic: How long do you keep your kitchen sponge?
Replies: 55
Views: 5966

Re: How long do you keep your kitchen sponge?

I'm glad someone posted a link to that NY Times article. Back when this thread was new, I was surprised by the number of Bogleheads who stuck to their sponges in the face of good evidence/arguments that they are germ magnets -- and not just any germs, but some really dangerous germs. Using washable...
by CedarWaxWing
Sat Aug 05, 2017 1:16 pm
Forum: Personal Consumer Issues
Topic: Finding a good attorney?
Replies: 1
Views: 285

Finding a good attorney?

How is the world can a person find a GOOD attorney? I have some rental properties and will perhaps need an attorney from time to time to review contracts, help in paperwork when someone wants to buy or sell something, etc. I also have a vacation home with 2 partners, one of whom was widowed a couple...
by CedarWaxWing
Sat Aug 05, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Roth, Taxes and Mistakes
Replies: 41
Views: 4385

Re: Roth, Taxes and Mistakes

I would definitely get a good CPA for further tax work.. and get this situation reviewed by that CPA. The CPA should be able to give you a complete and accurate summary of your situation and the best way to deal with it before going to the person who has done this to you. Certain nuances of how to c...
by CedarWaxWing
Fri Jul 28, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: GF Picking a college major
Replies: 105
Views: 6208

Re: GF Picking a college major

I graduated from BU long ago. Best decision I made, money well spent. You can study almost anything at BU, she should try different classes and activities and find herself. Expensive but amazing opportunity to find and develop interests. A student can study "almost anything" at any good public univ...
by CedarWaxWing
Wed Jul 26, 2017 6:31 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 34946

Re: John Bogle Has Been Right About Investing In International Stocks

Thank you Mr. Larimore for The Bogle Heads Guide to Retirement Planning. I will be re-reading it again this year. If i would have known this information 10 years ago i would be retiring in a year from now instead of 3-4 years from now. I have purchased the book for one of my nephews and my 2 oldest...
by CedarWaxWing
Wed Jul 26, 2017 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Breaking up with my Financial Advisor
Replies: 56
Views: 5140

Re: Breaking up with my Financial Investor

I broke up "face to face" and it was as sad as telling my prom date I wasn't taking her after she bought the dress! Best advice is to go straight to VG and let them get the process going first, then call your guy and say "I have decided to go in another direction... Expect a call from VG. I'd like ...
by CedarWaxWing
Wed Jul 26, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Why not Schwab instead of Vanguard?
Replies: 68
Views: 5214

Re: Why not Schwab instead of Vanguard?

Vanguard had very low fees as part of their mission. If VG did not do it over all these years, it might never had been done by the others. Their having done it first says a lot about their corporate mission I think. Customer service at Vanguard for me has been just fine. I think the have been very b...
by CedarWaxWing
Sun Jul 23, 2017 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: 4-6% a year
Replies: 28
Views: 6076

Re: 4-6% a year

The bond fund PONDX pays about 5%. Another fund PTIAX is also about 5%, and the two funds PONDX/PTIAX are different enough so they are complimentary as a pair. As always market risk of loss is your problem, you have to do what you are comfortable with. I would also consider (and use myself) individ...
by CedarWaxWing
Fri Jul 21, 2017 3:23 pm
Forum: Investing - Theory, News & General
Topic: Do you find financial advisors to be all that bright?
Replies: 53
Views: 5375

Re: Do you find financial advisors to be all that bright?

One of my closest friends is a financial advisor, an extremely successful one. He's quite bright, but his knowledge about personal finance is pretty limited and he has no formal education in the subject. With my limited knowledge, I can talk circles around him when it comes to the topic. He still m...
by CedarWaxWing
Mon Jul 17, 2017 2:21 am
Forum: Personal Finance (Not Investing)
Topic: Contemplating cancelling life insurance policy (16 years in), can't get an inforce illustration
Replies: 12
Views: 1597

Re: Contemplating cancelling life insurance policy (16 years in), can't get an inforce illustration

http://www.evaluatelifeinsurance.org/ is a webpage through which, in the USA, you can get your life insurance record evaluated. If you cannot get an "enforce illustration" I suspect he could help you determine from the policies' historical "returns".. or results from your annual payments, dividends,...
by CedarWaxWing
Thu Jul 06, 2017 11:26 am
Forum: Investing - Theory, News & General
Topic: What is a "sleeve"?
Replies: 34
Views: 3529

Re: What is a "sleeve"?

The front end financial advisers tend to be optimistic extroverts, specialized in selling and client communication, and tend to be idiots (in my opinion). The back office guys tend to be rational, introverts, and have CFAs. FYI, I am not defending active management in this case. I do believe that a...