Search found 831 matches

by Crow Hunter
Fri Jun 02, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Losing money on vehicle, should I or shouldn't I?
Replies: 24
Views: 2544

Re: Losing money on vehicle, should I or shouldn't I?

Just a follow up for closure. We went and test drove the Defender. My wife loved it and the dealer was very good about the trade. After factoring in the sales tax savings from the trade in, it isn't bad at all. My wife says that just the added functionality that the Defender has over the Pioneer for...
by Crow Hunter
Wed May 31, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Losing money on vehicle, should I or shouldn't I?
Replies: 24
Views: 2544

Re: Losing money on vehicle, should I or shouldn't I?

We are going to test drive one this afternoon. If she likes it okay, she seems to be open to the idea of swapping. There are some attributes the Defender has that I think she will like over the Pioneer. She is also feeling better about the money aspect, especially if it will get me to stop obsessing...
by Crow Hunter
Tue May 30, 2017 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Losing money on vehicle, should I or shouldn't I?
Replies: 24
Views: 2544

Re: Losing money on vehicle, should I or shouldn't I?

If you can afford to trade it for what you want, then do so. That means you can afford to piss away the $3-6K loss. I don't know your financial situation, but if it is such that that amount is no big deal, then I'd trade. If it is a big deal, then you might have to sell it and do without for a whil...
by Crow Hunter
Tue May 30, 2017 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Losing money on vehicle, should I or shouldn't I?
Replies: 24
Views: 2544

Re: Losing money on vehicle, should I or shouldn't I?

Which Pioneer does he have? The Pioneer 500 and the Pioneer 700 are both in the traditional nearly bulletproof Honda standard. FIL has the 700. That would explain the difference in satisfaction. It might be time to take the big hit (sell at a discount) and move on. I'd perhaps write a letter to cor...
by Crow Hunter
Tue May 30, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Losing money on vehicle, should I or shouldn't I?
Replies: 24
Views: 2544

Re: Losing money on vehicle, should I or shouldn't I?

I dislike the way it drives Any utility vehicle or side by side drives harsh. I dislike the constant tinkering that is required to get it to run correctly Driving offroad beats the life out of vehicles. Tinkering is part of ownership. I dislike the fact that it is getting a reputation for clutch fa...
by Crow Hunter
Mon May 29, 2017 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Losing money on vehicle, should I or shouldn't I?
Replies: 24
Views: 2544

Re: Losing money on vehicle, should I or shouldn't I?

Might be easier, and cheaper to use a couple of horses and maybe a buggy. Proven technology. I have friends and relatives who do. It definitely isn't easier or cheaper you can't just put fuel treatment and a battery tender on a horse when you don't want to use it for a while. Plus, horses don't hav...
by Crow Hunter
Mon May 29, 2017 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Losing money on vehicle, should I or shouldn't I?
Replies: 24
Views: 2544

Re: Losing money on vehicle, should I or shouldn't I?

Off road breaks toys. In larger vehicles, automatics are preferred over clutches. Why? The torque converter dissipates the abuse as heat that would otherwise be clutch wear. I've 200K miles on my Montero's clutch and it was driven some off road in it early life, not so much now. A friend can exhibi...
by Crow Hunter
Mon May 29, 2017 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Losing money on vehicle, should I or shouldn't I?
Replies: 24
Views: 2544

Re: Losing money on vehicle, should I or shouldn't I?

It seems like you have purchase regret. My father in law has a Pioneer. He likes it. You are predicting future issues that may or may not happen. I would take a deep breathe, do nothing but drive it for 90 days. Step back from your inner self and need to "do something". I've had it for ne...
by Crow Hunter
Mon May 29, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Losing money on vehicle, should I or shouldn't I?
Replies: 24
Views: 2544

Re: Losing money on vehicle, should I or shouldn't I?

You already said you hate it - that would be enough for me. I'd try selling it on Craigslist or otherwise locally, and then look at the market leaders in the SxS space - Polaris, Can-Am, etc. I didn't even know Honda made a SxS TBH. They probably should stop. :D Can Am Defender is actually what I h...
by Crow Hunter
Mon May 29, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Losing money on vehicle, should I or shouldn't I?
Replies: 24
Views: 2544

Re: Losing money on vehicle, should I or shouldn't I?

You hate it, enough said. Sell it, take the loss, and move on. Why don't you get Honda to look at the clutch while you still own it so that if it needs replacing, it will have been done before you sell it which to me is a good selling point. My only advice on buying the new one is will you get as m...
by Crow Hunter
Mon May 29, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Losing money on vehicle, should I or shouldn't I?
Replies: 24
Views: 2544

Re: Losing money on vehicle, should I or shouldn't I?

You have my permission to get rid of your headache. You don't have my permission to acquire a new one. :D :twisted: Haha. That is a worry. However, they are so darn useful around the house and farm and a lot of fun too. I can't be without one or I won't be able to pull my mower out of the lake when...
by Crow Hunter
Mon May 29, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Losing money on vehicle, should I or shouldn't I?
Replies: 24
Views: 2544

Losing money on vehicle, should I or shouldn't I?

I want to get some objective advice on something I am thinking about doing. I currently have an off road vehicle, a Honda Pioneer 1000-5 that I purchased last year. It has roughly 300 miles on it. I really dislike it. I dislike the way it drives, I dislike the constant tinkering that is required to ...
by Crow Hunter
Thu May 25, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Verifying IRS expectations on Inherited IRA
Replies: 20
Views: 1063

Re: Verifying IRS expectations on Inherited IRA

Thanks everyone.

I will give her the info and maybe have some better questions to ask.

I appreciate it!

:sharebeer
by Crow Hunter
Wed May 24, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Verifying IRS expectations on Inherited IRA
Replies: 20
Views: 1063

Re: Verifying IRS expectations on Inherited IRA

The friend's distributed RMD was evidently based on the friend's single life expectancy rather than either parent's, and that would only be correct if the friend was treated as a designated beneficiary rather than a successor beneficiary to father. The difference in RMD amounts is reflective of a 2...
by Crow Hunter
Wed May 24, 2017 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Verifying IRS expectations on Inherited IRA
Replies: 20
Views: 1063

Re: Verifying IRS expectations on Inherited IRA

The 1099-R that you will get for withdrawal from an inherited IRA would help tell the IRS what you are doing. One can always withdraw more than the RMD. And one can withdraw less than the RMD if doing the 5-year thing (see next). If one has a non-spousal inherited IRA, then there is always the 5-ye...
by Crow Hunter
Wed May 24, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Verifying IRS expectations on Inherited IRA
Replies: 20
Views: 1063

Re: Verifying IRS expectations on Inherited IRA

First the IRS enforcement mechanism is that there is a 50% penalty for any missed RMD amounts. That should be incentive enough for people to follow the rules. Although, the IRS has seemed very willing to waive the penalty if you self report and there is reasonable cause for the mistake. You need yo...
by Crow Hunter
Wed May 24, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Verifying IRS expectations on Inherited IRA
Replies: 20
Views: 1063

Re: Verifying IRS expectations on Inherited IRA

Drilling deeper into this issue, the inherited IRA custodian has two choices regarding RMD reporting. Basically, they can provide the amount of the RMD on Form 5498 or just check the RMD box, provide the year end value and offer to calculate the RMD if the beneficiary requests the calculation. Note...
by Crow Hunter
Wed May 24, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Verifying IRS expectations on Inherited IRA
Replies: 20
Views: 1063

Re: Verifying IRS expectations on Inherited IRA

On a "standard" IRA, there is a Form 5428 that is issued every May that tells the owner what the expected RMD was supposed to be. I've taken IRA RMDs for several years but have never seen a Form 5428? Goggle didn't seem to know of a 5428 that seems relevant either. As others pointed out, ...
by Crow Hunter
Wed May 24, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Verifying IRS expectations on Inherited IRA
Replies: 20
Views: 1063

Re: Verifying IRS expectations on Inherited IRA

So is there a way to contact the IRS and ask them or get them to provide an "official" this is what the RMD should be value for an Inherited IRA? The reason being is I have a friend who has an inherited IRA, I was helping her with her taxes this year and the RMD amount didn't look right. S...
by Crow Hunter
Wed May 24, 2017 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Verifying IRS expectations on Inherited IRA
Replies: 20
Views: 1063

Verifying IRS expectations on Inherited IRA

On a "standard" IRA, there is a Form 5428 5498 that is issued every May that tells the owner what the expected RMD was supposed to be. Is there a method to verify what the IRS is expecting on a RMD for a given Inherited IRA? Do Inherited IRAs receive the same form? If not, how does the IRS...
by Crow Hunter
Tue Mar 28, 2017 8:54 pm
Forum: Investing - Theory, News & General
Topic: Spousal Inherited IRA Question (Great Alan S. Question) :)
Replies: 3
Views: 640

Re: Spousal Inherited IRA Question (Great Alan S. Question) :)

Thank you Mr. Alan S.! I greatly appreciate your response. What if they did take the required RMD the year prior (or several years prior), but did not take the RMD prior to passing away in the current year? For instance, Jill passed away 10 years earlier leaving her IRA to her husband Jack. In 2016 ...
by Crow Hunter
Mon Mar 27, 2017 9:04 pm
Forum: Investing - Theory, News & General
Topic: Spousal Inherited IRA Question (Great Alan S. Question) :)
Replies: 3
Views: 640

Re: Spousal Inherited IRA Question (Great Alan S. Question) :)

Just a bump. I believe from reading posts on Ed Slott's forum that the IRA will default to ownership of the recently deceased spouse and his/her bene(s) would use their own ages on Table 1 as Non-spouse Beneficiaries rather than using the recently deceased spouse's divisor as successor beneficiaries...
by Crow Hunter
Sun Mar 26, 2017 11:22 pm
Forum: Investing - Theory, News & General
Topic: Spousal Inherited IRA Question (Great Alan S. Question) :)
Replies: 3
Views: 640

Spousal Inherited IRA Question (Great Alan S. Question) :)

The rules for a spousal IRA state that if the spousal beneficiary does not choose to roll over or assume ownership of a deceased spouses IRA that they must begin taking RMDs for the IRA in the year the deceased spouse would have turned 70.5 from Table 1 using their own age. However, the rules also s...
by Crow Hunter
Tue Mar 14, 2017 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Filing Tennessee Taxes
Replies: 7
Views: 423

Re: Filing Tennessee Taxes

One thing that I didn't see mentioned is that while capital gains are not taxed, capital gains distributions from taxable mutual funds are. So if you have a fund in a taxable account that paid out a capital gains distribution in 2016, that has to be counted as well as the dividends.
by Crow Hunter
Sun Mar 12, 2017 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Forced role change, what would you do?
Replies: 38
Views: 2815

Re: Forced role change, what would you do?

I am close to, if not the highest paid engineer in the facility as I have been repeatedly told that I am bumping up against the compensation ceiling of my current role. Could this be a method of constructive dismissal so they could use my salary to hire two engineers straight out of college? Yes, i...
by Crow Hunter
Sun Mar 12, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Forced role change, what would you do?
Replies: 38
Views: 2815

Re: Forced role change, what would you do?

I wish you would take a more positive view of other workers. Some may not have the same IQ as you but to view them as morons with IQs of 75 is not nice. Maybe management would not be good for you and you should be in R&D as an individual contributor. Please understand that I am not saying this ...
by Crow Hunter
Sun Mar 12, 2017 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Forced role change, what would you do?
Replies: 38
Views: 2815

Re: Forced role change, what would you do?

I wish you would take a more positive view of other workers. Some may not have the same IQ as you but to view them as morons with IQs of 75 is not nice. Maybe management would not be good for you and you should be in R&D as an individual contributor. Please understand that I am not saying this ...
by Crow Hunter
Sun Mar 12, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Forced role change, what would you do?
Replies: 38
Views: 2815

Re: Forced role change, what would you do?

All I can add is what I did in a similar situation in a completely different field. I presented my argument against the change all the way to the top. When I was told that the change was non-negotiable, I tendered my resignation the next day. I knew that I would be miserable every day with my chang...
by Crow Hunter
Sun Mar 12, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Forced role change, what would you do?
Replies: 38
Views: 2815

Re: Forced role change, what would you do?

SNIP Finally - there is probably a good life lesson here regarding personal finances. Ultimately most employers will make decisions based on THEIR best interests, not yours. No amount of strong performance FROM ANYONE will change that. Sad but true. Since you can't really rely on an employer to con...
by Crow Hunter
Sun Mar 12, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Forced role change, what would you do?
Replies: 38
Views: 2815

Re: Forced role change, what would you do?

I learned in business school that your job belongs to the employer, not to you, and an employer does not exist for your amusement. You are put where you are needed and if you are lucky and work at it, it will not be so bad. Anyway it is too soon to quit. You can always leave if it does not work out...
by Crow Hunter
Sun Mar 12, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Forced role change, what would you do?
Replies: 38
Views: 2815

Re: Forced role change, what would you do?

Is it possible that they are grooming you in different aspects of the company's operations - given that you seemed to have excelled in the R&D role? Maybe they want you to get your "feet wet" in manufacturing, and then may be in corporate a few years later - to position you for senior...
by Crow Hunter
Sun Mar 12, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Forced role change, what would you do?
Replies: 38
Views: 2815

Re: Forced role change, what would you do?

It sounds to me not so much as if they are trying to get rid of you, but that they really do need someone to fill a role and you are the only one there who can do it. The problem is that they don't value employees enough in general to consider whether or not you want to do it. It doesn't seem perso...
by Crow Hunter
Sun Mar 12, 2017 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Forced role change, what would you do?
Replies: 38
Views: 2815

Re: Forced role change, what would you do?

Well, I just got the news that I am being moved out of my R&D role, that I greatly enjoy, into a Manufacturing Engineering role which I loathe. ... I am the only one with any experience in high volume manufacturing and all the Mfg Engs in the plant are right out of school with no experience wor...
by Crow Hunter
Sun Mar 12, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Forced role change, what would you do?
Replies: 38
Views: 2815

Re: Forced role change, what would you do?

When I've found myself thinking about leaving I quickly realized I already had two feet out the door and from your tone it seems like you're close. I'd start my job search now and find out what the possibilities are. From my career experience I haven't seen too many managers promoted to director in...
by Crow Hunter
Sun Mar 12, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Forced role change, what would you do?
Replies: 38
Views: 2815

Re: Forced role change, what would you do?

to truly understand the decisions that are made by employers, you have to look at what is best and easiest for the employer to maintain their business in the priorities they have, with minimal fuss. If that means changing your role, then that is what they owe to their owners or shareholders, if the...
by Crow Hunter
Sun Mar 12, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Forced role change, what would you do?
Replies: 38
Views: 2815

Re: Forced role change, what would you do?

I didn't read your whole set of words because I could see it was a rant. What would I do? I would do what I did: I would train someone to do my new job and go back to what I was doing. At my former employer, many of the people who worked for me got promoted into new roles. I got back to the skunk w...
by Crow Hunter
Sun Mar 12, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Forced role change, what would you do?
Replies: 38
Views: 2815

Forced role change, what would you do?

Well, I just got the news that I am being moved out of my R&D role, that I greatly enjoy, into a Manufacturing Engineering role which I loathe. I am being told that because we have done such a great job in improving designs to our products the big problems in the facility are related to assembly...
by Crow Hunter
Sat Jan 07, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody else Age - 10 in bonds, rest in stocks
Replies: 58
Views: 4647

Re: Anybody else Age - 10 in bonds, rest in stocks

I follow this rule. Every year on my birthday I bump my asset allocation in my Excel spreadsheet for bonds by one percent which drives all the rest of the formulas. I add throughout the year based on whatever is below target. If something gets out of whack by more than 5%, I rebalance. It isn't opti...
by Crow Hunter
Fri Jan 06, 2017 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: 500K milestone celebration
Replies: 74
Views: 7762

Re: 500K milestone celebration

Congratulations!!!

:sharebeer

ONWARD AND UPWARDS!!!

:moneybag
by Crow Hunter
Fri Jan 06, 2017 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help for my brother
Replies: 1
Views: 341

Portfolio Help for my brother

Emergency funds: Yes (I think around $20k in savings account) Debt: No debt, paid for house Tax Filing Status: Single Tax Rate: 15% Federal 5% State on Dividends (Hall Income Tax) State of Residence: TN Age: 39 Desired Asset allocation: Not sure but I think it should be Age-10 Desired International ...
by Crow Hunter
Fri Jan 06, 2017 5:24 pm
Forum: Investing - Theory, News & General
Topic: I am timing the market. Why am I wrong?
Replies: 89
Views: 6595

Re: I am timing the market. Why am I wrong?

A few notes based on the responses: I meant Q3 2015 was when I started my subscriptions, not 2016. That was a mistake. WRT the actual content of those publications, it took a little bit but I found a lot of self promotion and blatant dishonesty in some of the articles (not just in the editorial sec...
by Crow Hunter
Tue Dec 27, 2016 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Need estate advice - promissory note?
Replies: 12
Views: 1149

Re: Need estate advice - promissory note?

How much money are we talking about? What is the relationship with the other person? How reliable is the other person? How much do you like the other person? I am in a very similar situation and I can give you my perspective. My brother and I inherited our family home together worth ~$120k probably....
by Crow Hunter
Tue Dec 27, 2016 1:29 pm
Forum: Investing - Theory, News & General
Topic: Remember what it was like before the recession?
Replies: 81
Views: 9098

Re: Remember what it was like before the recession?

I had left my very high stress on the edge of shutting down/being sold automotive industry job and went to work in the extremely lucrative and booming very high end construction industry. I was also at a 100% stocks allocation and 50% International. :oops: I sold my first house and made a nice (for ...
by Crow Hunter
Wed Oct 26, 2016 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Probate Frustrations: Father's Penny Stock
Replies: 14
Views: 2066

Re: Probate Frustrations: Father's Penny Stock

Let me ask the question to you this way. What if this penny stock was valued at $1.7M at the time of death but was now worth $3.4M. Would you be doubling their allotment to $320,000 or would you be expecting them to follow the rules? The rules are there for a reason, specifically for instances like ...
by Crow Hunter
Fri Aug 12, 2016 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones did not withhold Inherited IRA taxes
Replies: 5
Views: 472

Re: Edward Jones did not withhold Inherited IRA taxes

Do I have any recourse? Not a tax guy but...probably not. Paying taxes us an individual responsibility. What taxes are due? RMD? Yes, it was taxes on the RMD. He had to take a ~$9,000 RMD but they didn't take anything out for taxes. Which is annoying since they were told specifically to take out 25...
by Crow Hunter
Fri Aug 12, 2016 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones did not withhold Inherited IRA taxes
Replies: 5
Views: 472

Edward Jones did not withhold Inherited IRA taxes

In helping my brother with his taxes, I have found where Edward Jones did not withhold taxes as they were requested to on one of my brother's inherited IRAs. I have the email where I told them to withhold taxes on both of them but they did not. They only withheld taxes on one of them. Do I have any ...
by Crow Hunter
Fri Aug 12, 2016 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Capital loss on a house
Replies: 1
Views: 429

Capital loss on a house

This is a complicated one, and I think I know the answer, but I thought I would run it by the B.org to see what the consensus was. My brother purchased a house right at 3 years ago, right after being arrested for a crime... :oops: Anyway, after he purchased the house, he and his wife separated and a...
by Crow Hunter
Mon Jun 27, 2016 2:47 pm
Forum: Personal Consumer Issues
Topic: Looking to purchase a SXS/UTV
Replies: 6
Views: 590

Looking to purchase a SXS/UTV

I have decided to get rid of my and my wife's ATVs and get a SXS for us instead. One less vehicle to insure, take care of and when we ride together, we won't have to use hand signals or stop to talk about something. I have narrowed it down to two different choices and I was wondering if anyone here ...
by Crow Hunter
Fri Jun 24, 2016 12:45 pm
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 118
Views: 12209

Re: International stocks in free fall

Although this is indisputably a big down day for international stocks, especially Europe, if we step back a bit, basically it's just giving up gains in recent months. I did some tax-loss harvesting and rebalancing back to target in Europe and Pacific funds in February of this year. Before today I w...
by Crow Hunter
Fri Jun 24, 2016 11:58 am
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 118
Views: 12209

Re: International stocks in free fall

Great day to buy. Net down over the last couple days is actually not much. This ^. Heck, VXUS is barely lower right now ($43.12) than it was when they it paid June's dividend, $43.29 if I am reading this chart right. Just recently, it was $39.73 on Feb 11th. Counter to "blood in the streets&qu...

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