Search found 1615 matches

by Frugal Al
Sat Apr 22, 2017 4:16 am
Forum: Personal Consumer Issues
Topic: 2017 Mazda CX-5 vs. 2017 Honda CRV
Replies: 17
Views: 1843

Re: 2017 Mazda CX-5 vs. 2017 Honda CRV

Both the CR-V and the CX-5 received a major model change for 2017. Both are very good, reliable, compact crossover choices. I've driven the CR-V Touring trim on numerous occasions and found it to be nimble, quiet (although a bit droning under hard acceleration), and well designed. Concerns I have ab...
by Frugal Al
Fri Apr 21, 2017 12:52 pm
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 84
Views: 11543

Re: You can never go "home" - retirement

The hometown of one's youth is not just a place, but rather a place and a time . One can no sooner go back to that than they can go back to being the person they were at that time. Some of us are fortunate that we have fond memories of our hometowns--many people don't. There may be good reason to mo...
by Frugal Al
Tue Apr 18, 2017 9:00 am
Forum: Personal Consumer Issues
Topic: How to be a good parent to an introverted kid
Replies: 29
Views: 2412

Re: How to be a good parent to an introverted kid

I was the same way, and I turned out great Too funny, this coming from Frank. Anyway, I too am an introvert. I do think mild nudging is in order. It should be acknowledged that it's a totally normal behavior, but it should not be used as an excuse to totally disengage from certain activities. Thank...
by Frugal Al
Mon Apr 17, 2017 10:14 am
Forum: Personal Finance (Not Investing)
Topic: take pension or not..Help?
Replies: 12
Views: 1430

Re: take pension or not..Help?

With the limited info provided and assuming good health of your husband and a reasonable life expectancy, I'd definitely wait until age 65 to take the pension. If there is any SS anticipated in the future, the strategy for claiming that should be considired as well.
by Frugal Al
Fri Apr 07, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Secretly entered two comma club
Replies: 44
Views: 6830

Re: Secretly entered two comma club

One comma to two comma status is a non-event because it's small change: literally one penny. The change has been happening all along, gradually, from that initial milestone of $100k all the way to $1000k. Or, to look at it another way, like the frog in water gradually heated to boiling, but in a goo...
by Frugal Al
Tue Mar 28, 2017 1:54 pm
Forum: Personal Consumer Issues
Topic: Toyota vs. Honda
Replies: 58
Views: 4350

Re: Toyota vs. Honda

I'm obviously not Harkin, but as a former Honda associate and having dealt with Hondas for the past 36 years or so, I'll offer my opinion: transmissions are not Honda's strong point. Having said that, Honda does learn from their mistakes, once they admit to them--which they are sometimes slow to do....
by Frugal Al
Fri Mar 24, 2017 3:31 pm
Forum: Personal Consumer Issues
Topic: Honda Transmission Service
Replies: 45
Views: 2858

Re: Honda Transmission Service

Yes, you can do it that way Hank, but why if you don't have to? It's actually more difficult, as well as a waste of time and money. One change-out (3 qts) every 30k is all you need to do (a nice ATF funnel makes this easy and quick). Even changing every other oil change is overkill. At 120k or so on...
by Frugal Al
Fri Mar 24, 2017 7:18 am
Forum: Personal Consumer Issues
Topic: Honda Transmission Service
Replies: 45
Views: 2858

Re: Honda Transmission Service

Good advice from jharkin. DO NOT FLUSH. For the Honda automatic (problematic) transmissions, a single drain and fill every 30k is the way to go. The DW1 is the fully compatible with the Z1, so there's no need to get anal about a (relatively) full change-out of 3 drains/fills. Changing any sooner is ...
by Frugal Al
Wed Mar 22, 2017 10:56 am
Forum: Personal Consumer Issues
Topic: Quietest tire for 2017 Honda CRV?
Replies: 20
Views: 1952

Re: Quietest tire for 2017 Honda CRV?

There's no doubt that a vehicle that lacks sound deadening insulation can benefit from a product like DynaMat. I installed it myself in a Miata to correct a resonance that bothered me. The process can be hit or miss, and it is not inexpensive if not doing it yourself. I have yet to see an instance w...
by Frugal Al
Mon Mar 13, 2017 6:39 am
Forum: Personal Consumer Issues
Topic: 2017 Honda CRV: anyone shopping or buying?
Replies: 26
Views: 2945

Re: 2017 Honda CRV: anyone shopping or buying?

We have a 2004 CR-V. Do you think the 2017 Touring CRV is loads quieter or just a bit quieter? In my opinion, and in a non-instrumented test drive, the 2017 is definitely much quieter, and that's on Hankook tires. I have a 2008 CR-V with Michelin tires, and it's much quieter than that as well. Also...
by Frugal Al
Sun Feb 26, 2017 6:46 am
Forum: Investing - Theory, News & General
Topic: Compounding under the microscope.
Replies: 89
Views: 6971

Re: Compounding under the microscope.

Wow, "the magic of compounding" is hype, who would have thought. Obviously, we all know there's no such thing as magic-right? Of course there's no magic in what is just math, but rather it's the power in the resultant, effortless , exponential growth over time within a positive return envi...
by Frugal Al
Sun Feb 26, 2017 4:51 am
Forum: Personal Consumer Issues
Topic: Caribbean vacation with 3 kids
Replies: 27
Views: 2158

Re: Caribbean vacation with 3 kids

Hard to go wrong with St. John. It can be pricey, but it doesn't have to be. You might also consider Cozumel, or the Akumal/Tulum area, south of Playa del Carmen. Water is great. Day trips to Chichen Itza and other attractions are reasonable. I find both Playa and Cancun too commercial.
by Frugal Al
Sun Feb 19, 2017 6:44 am
Forum: Personal Consumer Issues
Topic: Car windshield wipers - go cheap or better?
Replies: 42
Views: 4070

Re: Car windshield wipers - go cheap or better?

I think Scotty Kilmer gets windshield wiper advice right: https://www.youtube.com/watch?v=3AFdUihWPCk .
by Frugal Al
Thu Feb 16, 2017 4:07 am
Forum: Investing - Help with Personal Investments
Topic: MetLife Promise Whole Life Select 10
Replies: 16
Views: 1262

Re: MetLife Promise Whole Life Select 10

It sounds like bit like lifestyle creep is driving up expenses faster than planned, impinging upon savings and insurance goals. With such a limited amount of info to go on it can be difficult to understand all the facts and circumstances which may not be obvious. What was the primary purpose of this...
by Frugal Al
Mon Feb 13, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Permanent Life Insurance
Replies: 16
Views: 1600

Re: Permanent Life Insurance

The insurance agent seems to be offering boiler plate justification for permanent insurance. It appears the agent believes, as they are often taught, that everyone needs some permanent insurance. I don't see any of the conditions present that sometimes makes permanent insurance a reasonable product:...
by Frugal Al
Fri Feb 10, 2017 3:34 pm
Forum: Personal Consumer Issues
Topic: Plumbing issue - advice sought
Replies: 47
Views: 3840

Re: Plumbing issue - advice sought

I have experienced the same issue and still have 3 holes in my ceiling...depending on a few things which have not happened just yet, we plan to sell our home in 3 months to 2 years. Our plumbing has been plagued with leaks just as you describe so wife and I agreed to leave the holes in the ceiling ...
by Frugal Al
Wed Feb 08, 2017 5:36 am
Forum: Personal Consumer Issues
Topic: Rule of Thumb for Getting Rid of Car
Replies: 51
Views: 5450

Re: Rule of Thumb for Getting Rid of Car

While I'm generally inclined to agree with the Doc, I have to make an exception in this case. Although these cars are great fun, they were not good or reliable cars when new and, unlike a fine wine, they don't get better with age. Unless you turn your own wrenches, this vehicle will probably be a mo...
by Frugal Al
Sun Feb 05, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 297
Views: 26542

Re: Quicken's future direction - a cause for concern

I like Quicken and use every feature of the software. I could go with an annual payment of $30 to $40 bucks or so, but anything approaching $75 to $80 and I'll be done with it.
by Frugal Al
Tue Jan 31, 2017 7:21 am
Forum: Personal Consumer Issues
Topic: Sump pump and power outage
Replies: 53
Views: 3660

Re: Sump pump and power outage

Of the close to 1000 deaths in the US due to CO over the last decade (that did not involve a fire), about 80% involved exhaust from a generator. A battery CO alarm is a required accessory. As we approach spring storm season, this cautionary advice definitely bears repeating. Thanks for the heads-up...
by Frugal Al
Thu Jan 26, 2017 4:59 am
Forum: Personal Finance (Not Investing)
Topic: What investment firm for small investors?
Replies: 14
Views: 1263

Re: What investment firm for small investors?

I've been a diehard Vanguard fan for years, but I'm concerned that Vanguard is growing too fast. I've recently helped a family member establish accounts there and the customer service is dreadful. Out of nowhere they froze all accounts and threatened to turn them over to the state, because a piece o...
by Frugal Al
Tue Jan 24, 2017 10:06 am
Forum: Personal Consumer Issues
Topic: When to proactively replace water heater
Replies: 60
Views: 6297

Re: When to proactively replace water heater

Take_Five, given the heavy usage, the good run you've gotten out of the tank, the lack of anode replacement, and the hard water, I wouldn't hesitate to replace the tank at 20 years. On the other hand, if it's located in a space with no collateral damage potential, you'll be doing the work yourself, ...
by Frugal Al
Mon Dec 19, 2016 4:27 pm
Forum: Personal Consumer Issues
Topic: Grocery cart rolls into side of car, dent, scratched
Replies: 92
Views: 6955

Re: Grccery cart rolls into side of car, dent, scratched

I think this is often handled on a case by case basis, regardless of the actual legal responsibility. No one wants to lose a customer. Was there an inordinate number of carts in the parking lot? Was the grocer making a reasonable effort to clear the parking lot? Was the grocer negligent in providing...
by Frugal Al
Fri Nov 04, 2016 6:58 am
Forum: Personal Consumer Issues
Topic: Buying an Audi A4
Replies: 73
Views: 6116

Re: Buying an Audi A4

Make sure the extended warranty covers walnut blasting of the valves due to carbon build-up.
by Frugal Al
Thu Oct 13, 2016 3:57 am
Forum: Investing - Theory, News & General
Topic: Navy Federal Credit Union - not so different from banks
Replies: 45
Views: 3416

Re: Navy Federal Credit Union - not so different from banks

Maybe there is more to it, but it seems like NFCU got railroaded on this one--nothing so egregious as to warrant the hefty fine. In the old days it was common place for a creditor to contact one's commanding officer for failure to pay. Apparently that's not the case anymore. I think the CFPB is a bi...
by Frugal Al
Thu Oct 13, 2016 3:52 am
Forum: Investing - Theory, News & General
Topic: NFCU - Some Certificate Rates Drop
Replies: 3
Views: 719

Re: NFCU - Some Certificate Rates Drop

Maybe there is more to it, but it seems like NFCU got railroaded on this one--nothing so egregious as to warrant the hefty fine. In the old days it was common place for a creditor to contact one's commanding officer for failure to pay. Apparently that's not the case anymore.
by Frugal Al
Sun Oct 02, 2016 4:40 am
Forum: Investing - Theory, News & General
Topic: SS as a Bond
Replies: 46
Views: 4070

Re: SS as a Bond

For $30,000 a year for 25 years to have a $325,000 present value requires a discount rate of about 7.83%. That is way too high, in my opinion. Since SS benefits are CPI-indexed a better discount rate would be that of long term TIPS, which currently yield about 0.6%. (See WSJ TIPS Quotes 6/30/2016 ....
by Frugal Al
Thu Sep 22, 2016 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Yup, another pension buyout offer...
Replies: 20
Views: 3422

Re: Yup, another pension buyout offer...

[*]Assuming pension payments are collected in full until life expectancy and then cease completely, isn't the best way to estimate the expected value. A better way weights the pension amount every year by the probability of surviving to that age Cruncher, with all due respect, while your approach i...
by Frugal Al
Wed Sep 14, 2016 12:12 pm
Forum: Investing - Theory, News & General
Topic: Presidential Election Insurance, Use T-Bills?
Replies: 65
Views: 4761

Re: Presidential Election Insurance, Use T-Bills?

Greenspan seems to agree with me. He never comes out and says exactly who he is talking about. He probably posts on this forum It would appear this thread has gotten overly political. As for Greenspan, he has zero credibility and knows as little about forecasting as everyone else. He was asleep at ...
by Frugal Al
Sun Aug 28, 2016 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can we get by without permanent life insurance?
Replies: 85
Views: 6320

Re: Can we get by without permanent life insurance?

You're not missing anything. Brother in law is a tool and should be treated accordingly. The training for many (most???) life insurance salespeople really pushes home the mistaken concept that virtually EVERYONE needs some form of permanent life insurance. I've had friends who have had this trainin...
by Frugal Al
Sat Aug 27, 2016 9:19 am
Forum: Personal Consumer Issues
Topic: Honda maintenance schedule?
Replies: 49
Views: 3844

Re: Honda maintenance schedule?

The door jamb is fine if you just want comfort, but there is not harm in any value between the door jamb and the max sidewall That statement is not true, and the article referenced points out that there are many variables that determine the optimal tire pressures. Let's not read more into the artic...
by Frugal Al
Wed Aug 24, 2016 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Seemingly Too Good To Be True Investment Opportunity: Invest or Don't?
Replies: 85
Views: 7560

Re: Seemingly Too Good To Be True Investment Opportunity: Invest or Don't?

Does that business philosophy sound like a public figure we all know? Wow, I'm doing my best to think of it TropikThunder, but I can't come up with a name. If you can't add something constructive, keep it to yourself. For the OP, I wouldn't get involved in this deal unless I was hands on with the b...
by Frugal Al
Sat Aug 20, 2016 10:52 am
Forum: Personal Consumer Issues
Topic: Best Crossover SUV to purchase
Replies: 146
Views: 15879

Re: Best Crossover SUV to purchase

Varick, what exactly do you mean by long term? I consider long term ownership to be 10+ years. If you are concerned about long term cost of ownership, well past the new or CPO warranty, the only reasonable candidates are Toyota/Lexus or Honda/Acura. The Volvo is nice. Audi's are nice. Even I've been...
by Frugal Al
Mon Aug 15, 2016 4:18 am
Forum: Personal Finance (Not Investing)
Topic: You have $10 Million and 10 years to live. What would you do?
Replies: 55
Views: 5751

Re: You have $10 Million and 10 years to live. What would you do?

I believe there's an old punchline: "First, I'd ask my mother-in-law to move in and that 10 years will seem like an eternity."
by Frugal Al
Sun Aug 14, 2016 7:42 am
Forum: Personal Consumer Issues
Topic: Best Crossover SUV to purchase
Replies: 146
Views: 15879

Re: Best Crossover SUV to purchase

Even more to the point, stuffing a V6 on the RDX actually made it drive worse (go read any auto magazine review of the first year after they dropped the turbo 4) though it does appeal to buyers who are brainwashed to think more cylinders are always better. The current V6 RDX handles better than the...
by Frugal Al
Wed Aug 03, 2016 11:58 am
Forum: Personal Finance (Not Investing)
Topic: How to value a deferred annuity?
Replies: 15
Views: 947

Re: How to value a deferred annuity?

The value of the QLAC would go up over time as long as you are alive.. That's not quite correct; the value would drop to zero if the annuitant were to contract a terminal illness that would take its toll prior to annuity commencement. In fact, there are many moving parts on such a valuation, includ...
by Frugal Al
Wed Aug 03, 2016 9:16 am
Forum: Personal Finance (Not Investing)
Topic: How to value a deferred annuity?
Replies: 15
Views: 947

Re: How to value a deferred annuity?

...-it needs to be discounted to reflect my actuarial expectation. What will it be worth in 2035, when I am 84? If I'm dying of cancer, probably $0. If I'm running marathons, maybe a lot more than $125K. The value of the insurance has already had the discount applied, and profit for the insurer. As...
by Frugal Al
Mon Aug 01, 2016 2:57 pm
Forum: Personal Consumer Issues
Topic: Should I replace my hot water heater?
Replies: 15
Views: 1306

Re: Should I replace my hot water heater?

Has the anode rod ever been replaced? Regardless, 22 years is a good run. I suspect if the anode rod is replaced when needed, the new one might go 30 years. I'd definitely replace it. These things have a tendency to go out at the worst time. I try to estimate useful life of most of my appliances and...
by Frugal Al
Sat Jul 30, 2016 5:47 am
Forum: Personal Consumer Issues
Topic: Ford Air Bag Recall
Replies: 4
Views: 507

Re: Ford Air Bag Recall

I understand every company may handle recalls differently. I think Honda would not give loaners for the passenger side airbag as the passenger can ride in the back seat. That is correct. I'm planning on disconnecting the passenger side should my driver side airbag get replaced earlier. On some cars...
by Frugal Al
Thu Jul 28, 2016 5:03 am
Forum: Personal Finance (Not Investing)
Topic: Small Pension vs. Small Lump Sum
Replies: 18
Views: 1683

Re: Small Pension vs. Small Lump Sum

Am I missing something? Immediate Annuities, while a good tool and sales site, is really only accurate if annuitization is imminent. You won't be annuitizing for well over 20 years--current low rates make for a poor comparison. Secondly, a better comparison (if married) is using the monthly pension...
by Frugal Al
Sat Jul 09, 2016 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Quicken
Replies: 33
Views: 2525

Re: Quicken

I think we get the drift, abuss: you don't like or miss Quicken. I find Quicken to be a time saver, and I agree with Toons that nothing else quite has the functionality at this time.
by Frugal Al
Thu Jul 07, 2016 6:56 am
Forum: Investing - Theory, News & General
Topic: "Why most retirees will never spend down their portfolio" by Michael Kitces
Replies: 89
Views: 12054

Re: "Why most retirees will never spend down their portfolio" by Michael Kitces

While I definitely appreciate the point that Cruncher is making, considering "real" spending assumptions, I think what Kitces is also pointing out is that consumption in the later years of retirement significantly lags inflation, making "real" assumptions problematic as well. Her...
by Frugal Al
Wed Jun 29, 2016 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to make an easy $500 like I just did [Chase bank offer]
Replies: 60
Views: 8898

Re: How to make an easy $500 like I just did [Chase bank offer]

madbrain wrote:I have no issue using Chase checking and credit cards with Quicken, and there is no fee for using Quicken.

Thanks for your response.
by Frugal Al
Tue Jun 28, 2016 6:59 am
Forum: Personal Finance (Not Investing)
Topic: How to make an easy $500 like I just did [Chase bank offer]
Replies: 60
Views: 8898

Re: How to make an easy $500 like I just did [Chase bank offer]

This promotion seems like it might be worth the trouble. For those of us who use Quicken, can anyone speak to using it with Chase? In the past they didn't always play well together, and I believe Chase charged an extra monthly fee for those using personal financial software. Also, Jamie Dimon isn't ...
by Frugal Al
Thu Jun 23, 2016 3:48 pm
Forum: Investing - Theory, News & General
Topic: Why do people buy annuities?
Replies: 125
Views: 17313

Re: Why do people buy annuities?

Profitability is another problem, of course, but don't the insurers match maturities on liabilities and assets? That's the way I would run an insurance company (or a bank, which is another topic). The insurance companies do attempt to liability match, but the nature of some of their very long durat...
by Frugal Al
Tue Jun 21, 2016 4:51 am
Forum: Personal Finance (Not Investing)
Topic: Early Pension Payout Question
Replies: 11
Views: 1691

Re: Early Pension Payout Question

The lump sum available at age 65 is probably not too accurate, and not guaranteed, assuming this is a typical pension. Who knows what interest rates will be 26 years out. Also, a better IRR comparison is to use the 100% joint life payout amount, if available, since the survivorship feature is more s...
by Frugal Al
Fri Jun 17, 2016 1:06 pm
Forum: Investing - Theory, News & General
Topic: Why do people buy annuities?
Replies: 125
Views: 17313

Re: Why do people buy annuities?

There is no other way to get longevity insurance than to buy a life annuity. That's not entirely true. Although some can't afford to defer social security, the best value in longevity insurance is FIRST optimizing social security. I see too many people take SS early, only to turn around and buy an ...
by Frugal Al
Fri Jun 10, 2016 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Evaluate Options - Lumpsum or Monthly
Replies: 4
Views: 449

Re: Evaluate Options - Lumpsum or Monthly

You could also get a quote on a deferred fixed annuity purchased with the lump sum. One place to do that is https://www.immediateannuities.com/annuity-calculators/?sce=hc. If the pension annuitization is imminent, say a year or two, comparing pricing to a commercially available annuity can be worth...
by Frugal Al
Fri Jun 10, 2016 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Pension-PBGC & Fund management
Replies: 9
Views: 485

Re: Pension-PBGC & Fund management

I wouldn't worry too much about the single employer PBGC coverage, provided that one falls within the coverage limits--it appears that at your age/amount it is within limits. Unless there are health/longevity issues, or tax management issues, and/or one is sitting on >50 times anticipated expenses, ...
by Frugal Al
Tue May 31, 2016 9:35 am
Forum: Investing - Help with Personal Investments
Topic: To take a pension distribution or not????
Replies: 11
Views: 1312

Re: To take a pension distribution or not????

I realize what a good deal pensions are for employees but falling interest rates have made them increasingly expensive to fund for employers. Whether or not they are expensive to the employer (plan sponsor) is immaterial, assuming it's within PBGC limits. All one should care about is whether or not...
by Frugal Al
Tue May 31, 2016 9:04 am
Forum: Investing - Help with Personal Investments
Topic: To take a pension distribution or not????
Replies: 11
Views: 1312

Re: To take a pension distribution or not????

Yes, the decision whether to take the lump sum or to take the pension can be a complicated decision with a lot of things to consider. I have read a lot of threads on this issue and a lot of informed opinion from posters. It seems that in most cases that the employee should keep the pension. Nesdaid...

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