Search found 77 matches

by IMO
Fri May 26, 2017 11:19 am
Forum: Personal Consumer Issues
Topic: Mexican Pacific Beaches
Replies: 40
Views: 2576

Re: Mexican Pacific Beaches

Been awhile since been but here's my recollection: 1. Acapulco Stayed on a hotel on the beach but was a busy area not high on my list best beaches. Don't remember feeling that the beaches were all that nice. Did a quick drive trip in the bay, horrible visibility and didn't get that clean water type ...
by IMO
Fri May 26, 2017 12:18 am
Forum: Personal Finance (Not Investing)
Topic: First house - penny wise?
Replies: 12
Views: 2349

Re: First house - penny wise?

Much appreciate the responses. Continuing to rent is certainly an option. I like the liquidity but get tired of sometimes having terrible neighbors and limited space for little kids to be kids. I'd assume with new construction there isn't much benefit to using a buyer's agent especially if you're n...
by IMO
Thu May 25, 2017 9:07 am
Forum: Investing - Help with Personal Investments
Topic: House Down Payment vs Retirement
Replies: 6
Views: 736

Re: House Down Payment vs Retirement

So I'm having a personal battle between prioritizing the savings rate towards my house down payment or prioritizing retirement. Right now to keep it simple, every source of income throughout the month, 20% gets transferred into my savings. I do this versus one lump transfer at months end to assure ...
by IMO
Thu May 25, 2017 2:34 am
Forum: Investing - Theory, News & General
Topic: Refinance Mortgage From 30 to 15 OR Invest?
Replies: 33
Views: 2643

Re: Refinance Mortgage From 30 to 15 OR Invest?

no_surrender wrote:I've been contributing, not nearly enough, towards a 529 plan for my kids. I have yet to convert to Post-911 GI Bill, but plan on doing so...just haven't taken the time.
no_surrender wrote:


Looks like you're 3.5 yr minimum is now 4.0 yrs, as you'll have a 4 yr obligation. Should probably get around to that....
by IMO
Wed May 24, 2017 10:46 pm
Forum: Personal Consumer Issues
Topic: Pet insurance for new puppy
Replies: 64
Views: 4314

Re: Pet insurance for new puppy

Pet care has become astronomical. Procedures can sometimes end up costing more than your human insurance carrier would reimburse. This made me wonder, there is "medical tourism" for people, what about for pets? So did a quick search and sure enough, you can take your pet just south of the ...
by IMO
Wed May 24, 2017 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate tax benefit of owning a home
Replies: 28
Views: 1419

Re: How to calculate tax benefit of owning a home

You're not missing the fact that the interest deduction for many people is lower than their standard deduction or not much above it. As other's have said, you can also include charitable deductions, property taxes, state income taxes or sales tax (https://www.irs.gov/individuals/sales-tax-deduction-...
by IMO
Wed May 24, 2017 12:20 am
Forum: Personal Consumer Issues
Topic: Should I get a dual-action polisher for my working car?
Replies: 16
Views: 914

Re: Should I get a dual-action polisher for my working car?

Just recently rented a grey car and not sure how but somehow there was a 10" significantly deep scratch. Didn't want to get charged for this so went online and watched youtube video's on how to remove scratches. I got some polish and went to Harbor Freight and bought a $20 electric car buffer. ...
by IMO
Wed May 24, 2017 12:14 am
Forum: Personal Consumer Issues
Topic: California Title Car Paid Off no Title for 8 months
Replies: 6
Views: 682

Re: California Title Car Paid Off no Title for 8 months

Whenever I had a loan on a vehicle, the bank/credit union provided the title showing there is no lien on the vehicle.

I'd start there.
by IMO
Wed May 24, 2017 12:01 am
Forum: Personal Consumer Issues
Topic: Looking to buy GoPro camera, need feedback/recommendations
Replies: 9
Views: 575

Re: Looking to buy GoPro camera, need feedback/recommendations

Personally, I don't see the big hype when it comes to size savings on the Hero Session camera's. You still need to mount it on your bike/ski helmet or use a chest mount, etc. My son (now a little older than your's) and myself have used the camera for some time, with the very sports your son will be ...
by IMO
Tue May 23, 2017 12:13 pm
Forum: Personal Consumer Issues
Topic: What to do w/ $60k Lump Sum?
Replies: 33
Views: 2199

Re: What to do w/ $60k Lump Sum?

Ok so my plan is to find out exactly how much I need to get out of PMI. Also, all remaining funds will go to the student loan. As far as trading in my car...I was looking at RAV4's and found one at $15k with low miles. However, there are a ton of Hyundai Sonota's at $10k with low miles and still ha...
by IMO
Mon May 22, 2017 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: First house - penny wise?
Replies: 12
Views: 2349

Re: First house - penny wise?

I'd go with your 2nd option. You sound like you are committed to this area for the long term. Sounds like this location would easily allow your family to be a 1 car family. In fact, a 10 mile total daily commute means you'll be able to probably get by on a less expensive car and keep your vehicle ex...
by IMO
Mon May 22, 2017 7:36 pm
Forum: Investing - Theory, News & General
Topic: Refinance Mortgage From 30 to 15 OR Invest?
Replies: 33
Views: 2643

Re: Refinance Mortgage From 30 to 15 OR Invest?

Good afternoon all, Still contemplating this dilemma...especially while rates are low. Refinance VA loan from 30-year 4.5% Interest mortgage (Owe 27 years) to 15-year 3.25% at an increase of approximately $258 per month OR increase TSP (military 401K) contributions? I currently max a Roth IRA and a...
by IMO
Mon May 22, 2017 11:29 am
Forum: Personal Consumer Issues
Topic: At what point to buy new car for safety
Replies: 74
Views: 4324

Re: At what point to buy new car for safety

[quote="MI_bogle] I think we as humans are irrationally afraid of low-probability discrete events happening beyond our control (plane crash, terrorism, car crash, etc) while at the same time woefully under-committed to things in our control that reduce health risks, such as healthier diet, les...
by IMO
Mon May 22, 2017 12:02 am
Forum: Personal Consumer Issues
Topic: At what point to buy new car for safety
Replies: 74
Views: 4324

Re: At what point to buy new car for safety

As someone has mentioned, the risk of significant accident is very very low, and you may drop that down technically with some new safety features, but probably not much in real world significance with your current Honda Pilot. Don't get me wrong, I think car safety is one of those issues that should...
by IMO
Sun May 21, 2017 11:35 pm
Forum: Personal Consumer Issues
Topic: Risks of electronic access
Replies: 50
Views: 3467

Re: Risks of electronic access

I too have concerns about electronic access. It really seems so easy on most of our electronic accounts to have the password reset to one's email or cell phone. Seems like emails are frequently hacked, so I can see an email getting hacked, a lost username/password request being made, and someone has...
by IMO
Sat May 20, 2017 10:36 pm
Forum: Personal Consumer Issues
Topic: How to pick up good tires for the car?
Replies: 22
Views: 1360

Re: How to pick up good tires for the car?

To complicate matters further, the age of a tire matters also. So for example, once I bought new tires for my elderly parents not because they were worn out (the tires, not my parents). But simply because they were 10 years old and I didn't want them having a tire failure on a busy freeway, especial...
by IMO
Sat May 20, 2017 9:31 pm
Forum: Personal Consumer Issues
Topic: 2nd car for long commute
Replies: 15
Views: 1659

Re: 2nd car for long commute

We have a 17 year old truck that has about 75,000 miles, still looks great, works great and has enough safety features (let alone the size factor for safety) that we try our best to only use in the situations that call for that type of vehicle. For us that would be for things like towing things on o...
by IMO
Sat May 20, 2017 12:07 am
Forum: Personal Consumer Issues
Topic: How to pick up good tires for the car?
Replies: 22
Views: 1360

Re: How to pick up good tires for the car?

I typically go to discount as they rotate tires without charge, have honored their tire "insurance", and really seem top notch for customer service. You can go down ask them what options they have, ask for feedback on tire features and cost. You can go to Costco or other places and see wha...
by IMO
Fri May 19, 2017 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: have you accepted a lower cost lifestyle to retire early?
Replies: 71
Views: 8740

Re: have you accepted a lower cost lifestyle to retire early?

You mention "lower cost lifestyle" and then just put $80K as your budget and then want to go to $50K. To answer that question, it seems that you really should be posting your specific budget items. For example, does that $80K now cover most medical costs from work, do you have 2 cars, but ...
by IMO
Fri May 19, 2017 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Learning how to spend
Replies: 27
Views: 2426

Re: Learning how to spend

Since a major part of my identity is that of a saver, I've been wrestling with the fact that I may be oversaving. Wealth effect may also be playing a role as my aggressive saving started in 2008. As such I never really felt the pain of the bear market. It just seemed like my net worth stayed flat w...
by IMO
Thu May 18, 2017 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Life's big ticket items to save for
Replies: 37
Views: 2792

Re: Life's big ticket items to save for

Using cars: Wife staying home for 16 years instead of continuing her management job in healthcare. 1 Ferrari LaFerrari Aperta Son at a top, private engineering college. 1 Lamborghini Huracan Second son in private high school. (not expensive one) 1 brand new Subaru STi Limited with nav and spare set...
by IMO
Thu May 18, 2017 10:03 pm
Forum: Personal Consumer Issues
Topic: Death in family a week before cruise
Replies: 30
Views: 3418

Re: Death in family a week before cruise

Sorry to hear of your situation. On the trip insurance thought (a hindsight now), I'm not even sure if it would cover your wife's grandmother, as I believe (but not certain) that it would only cover immediate family members? Someone else noted used travel insurance for a "relative" but I w...
by IMO
Thu May 18, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6704

Re: Anyone else agree with my logic on silicon valley housing?

Iwork locally. In my case and similar situation to others I know in SV, we went from making low six figures at college graduation to high six figures or low seven figures in early 30s after 6-7 promotions. Once I plateau, I'm likely gone as well or retired. The traffic drives me nuts and work cultu...
by IMO
Thu May 18, 2017 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Life's big ticket items to save for
Replies: 37
Views: 2792

Re: Life's big ticket items to save for

People seem to be jumping straight to savings for college. 1. How much/what are you doing for daycare? Have seen numbers posted that people pay for daycare that seem very high. 2. In a similar sense, what will they be doing for school? Public or Private? I have seen numbers posted that people pay fo...
by IMO
Wed May 17, 2017 12:19 am
Forum: Investing - Theory, News & General
Topic: What Will Burst the Next Bubble?
Replies: 66
Views: 6243

Re: What Will Burst the Next Bubble?

Who knows? But what's always interesting is many highly educated/experienced individuals/groups/organizations in the financial world seem to only do well in making hindsight analysis on what caused a bubble. Lots have their theories on the forum, why or why not something may be on the horizon, etc. ...
by IMO
Tue May 16, 2017 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: Help, pay off house or invest?
Replies: 34
Views: 2401

Re: Help, pay off house or invest?

Hi, My first post. Background info: all the amounts have been reduced and are proportional to each other. 1.House owe/ total balance @5.25% 15yrs left: $50 2.Car payments @3.00% 4yrs left: $15 2a.No other debt, all CC are paid in full at end of month. 3.401k/ IRA balance: $24 4.Checking/ savings ac...
by IMO
Tue May 16, 2017 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: How to stay on a budget?
Replies: 31
Views: 3145

Re: How to stay on a budget?

What I personally find is the harder I track every expense, the harder I try to save more, the more unexpected expenses come up.

I wish I were joking ..... :annoyed
by IMO
Tue May 16, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6704

Re: Anyone else agree with my logic on silicon valley housing?

I'm a little confused as I read through this thread. You are seriously considering moving in 1 year, and even if you stayed beyond 1 year you are probably ready to move on sometime in the next 1-4 years? It seems a bit odd to be considering buying a home, which essentially sounds like "trying t...
by IMO
Tue May 16, 2017 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Challenging a Late Medical Bill
Replies: 22
Views: 1476

Re: Challenging a Late Medical Bill

I'm interested in how this turns out for you. Did the hospital submit to insurance already for that service in July 2015? It can often be helpful to physically to down to billing department at the hospital/clinic to discuss the specifics of the bill, was it submitted, denied, etc. I find that mail d...
by IMO
Tue May 16, 2017 5:30 pm
Forum: Personal Consumer Issues
Topic: Homeowner's Insurance & New Roofs
Replies: 44
Views: 3094

Re: Homeowner's Insurance & New Roofs

Hope that helps. Great to hear some input from an expect in this area. Curious, the site I looked up talked about less then honest roofers going up there and taking hammers and causing falsified damage. He said something about if you hear pounding on your roof when they are up there. Any experience...
by IMO
Tue May 16, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Is it legal to use a first mortgage for an investment property?
Replies: 40
Views: 2112

Re: Is it legal to use a first mortgage for an investment property?

I called, not only the lender but also the insurer. There is a difference homeowners' insurance that applies for rental properties. Don't know if that is the way it's marketed to me :oops: or whether it is true!! Will also affirm that you should be calling your insurer as you'd want to make sure th...
by IMO
Tue May 16, 2017 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Is it legal to use a first mortgage for an investment property?
Replies: 40
Views: 2112

Re: Is it legal to use a first mortgage for an investment property?

I've never called or informed the mortgage company after legitimately living in a home and subsequently making it a rental. Now when it comes to doing a refinance on the property which is now a rental with the same lender, we of course did have to go with the non-owner occupied mortgage. So now that...
by IMO
Tue May 16, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Retirees afraid to spend? (Bloomberg)
Replies: 47
Views: 2394

Re: Retirees are hoarding cash

Looking at the graph in the article, the amount was $300K in their estate for various ages. Is that all liquid funds or did that include their house? So what they had $300K when they died. If they were getting or planning on long term care costs, that wouldn't last that long. And who can predict whe...
by IMO
Tue May 16, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Doctor wants Social Security number
Replies: 48
Views: 4512

Re: Doctor wants Social Security number

Fact remains that the offenses are difficult and expensive to prosecute. .... Your recourse there is to call your elected representatives. No, I'm aware of that. But this thread is about the pro's/con's/implications of ID theft if SS# given to your doctor's office to get care. Surely, if that $21 B...
by IMO
Tue May 16, 2017 12:40 am
Forum: Personal Finance (Not Investing)
Topic: Doctor wants Social Security number
Replies: 48
Views: 4512

Re: Doctor wants Social Security number

As someone on Medicare I have to provide medical offices, labs, etc with my Medicare information so they can submit the bill. My Medicare information includes my SSN with a trailing letter. Am I missing something or am I just older than most posting here? My new Medicare card just came a few days a...
by IMO
Tue May 16, 2017 12:31 am
Forum: Personal Finance (Not Investing)
Topic: Doctor wants Social Security number
Replies: 48
Views: 4512

Re: Doctor wants Social Security number

People go to federal prison for identity theft all the time. There's actually a 2-year mandatory consecutive sentence for identity theft in connection with another federal fraud offense. It can often seem random which identity theft offenses are prosecuted by the feds. What they choose to prosecute...
by IMO
Mon May 15, 2017 8:34 pm
Forum: Personal Consumer Issues
Topic: Homeowner's Insurance & New Roofs
Replies: 44
Views: 3094

Re: Homeowner's Insurance & New Roofs

This topic and my 1st response questioning if hail does really damage roofs, prompted me to look some things up. Sure learned some about hail damage as I was honestly surprised asphalt singles can definitively be damaged by hail. I suppose there is age and various thickness qualities. Nice thing abo...
by IMO
Mon May 15, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Question
Replies: 11
Views: 785

Re: Auto Insurance Question

I think bottlecap answered your questions: "A number of states apply a policy that the injured party has to be "made whole" before an insurer can assert its subrogation roghts against your settlement proceeds. But if your state doesn't, the health insurer might assert its rights again...
by IMO
Mon May 15, 2017 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor wants Social Security number
Replies: 48
Views: 4512

Re: Doctor wants Social Security number

It's shocking the amount of times you have to give out your social security number in today's society. It doesn't have to be the extremely unlikely event of your doctor stealing your number him/herself. It can be any number of staff members/hospital staff that are stealing not only your SS number, b...
by IMO
Mon May 15, 2017 3:02 pm
Forum: Personal Consumer Issues
Topic: Homeowner's Insurance & New Roofs
Replies: 44
Views: 3094

Re: Homeowner's Insurance & New Roofs

Wasn't at all trying to say you were trying to "game the system." You could also interpret my response was "don't always trust your insurance companies assessment." I get the issue with all the surrounding roofs being replaced. I get if there is widespread damage then replacing a...
by IMO
Mon May 15, 2017 2:34 pm
Forum: Personal Consumer Issues
Topic: Homeowner's Insurance & New Roofs
Replies: 44
Views: 3094

Re: Homeowner's Insurance & New Roofs

So does having a hailstorm in itself mean you're roof is even damaged? Experienced many hailstorms and usually the issue is damage to vehicles and not damage to one's roof. I suspect it would take some pretty large hail to even break concrete tiles, and don't personally see how much damage could be ...
by IMO
Mon May 15, 2017 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Term life insurance in older age?
Replies: 12
Views: 1582

Re: Term life insurance in older age?

What I have no experience with is the availability of insurance at that age. What is the likelihood of it being offered? Does it require medical exams? BruDude's response is that it's available but potentially expensive. Doesn't seem like anyone has personal experience on actually getting term insu...
by IMO
Mon May 15, 2017 12:06 am
Forum: Investing - Help with Personal Investments
Topic: My dad needs my help.
Replies: 50
Views: 4686

Re: My dad needs my help.

I'm a bit surprised paying off the mortgage has not gotten more traction in the responses. I would recommend: 1. Pay off the mortgage. This will reduce his monthly cash outflow by $1200, so instead of having to withdraw to cover the shortfall, he will have extra money left over from his SS. I was w...
by IMO
Sun May 14, 2017 12:58 pm
Forum: Personal Consumer Issues
Topic: Help convince me it's okay (or not): new vehicle
Replies: 30
Views: 2458

Re: Help convince me it's okay (or not): new vehicle

Know that car well, especially in 4 cylinder/manual... I get the dilemma, it's a hard decision on what to do when cars are this age/mileage. You could go another 75,000 miles with no problems, or you could go 100 miles more and have a major expense. Car repair costs have become so high that it compl...
by IMO
Sun May 14, 2017 12:40 am
Forum: Personal Finance (Not Investing)
Topic: How Old Habits Can Sabotage Retirement
Replies: 51
Views: 7049

Re: How Old Habits Can Sabotage Retirement

There probably is some truth in the concept of having a good balance. I could see some regrets if you health deteriorates and you have over sacrificed too much and you didn't spend some money while you were younger and/or in better health. Probably a better article would be titled "How Loss Of ...
by IMO
Sun May 14, 2017 12:21 am
Forum: Personal Consumer Issues
Topic: How much to tip movers?
Replies: 44
Views: 3330

Re: How much to tip movers?

Why would someone not tip movers? It's hard work for little pay. Offer them soda too. You probably tip whoever cuts your hair. Don't understand some people. I get the thought of dislike of tips in general. After waiting 5 minutes, you feel fortunate to get your beer and tip the guy $1 for taking th...
by IMO
Sun May 14, 2017 12:07 am
Forum: Personal Consumer Issues
Topic: How much to tip movers?
Replies: 44
Views: 3330

Re: How much to tip movers?

Many of these posts for moving costs seems very low. Work paid for last move as a part of my benefits, but believe it was about $8k. What I've found with that move as well as a number of other work moves is that the DRIVER seems to have to find local movers, perhaps they get a list from the company....
by IMO
Sat May 13, 2017 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Who really needs an umbrella insurance?
Replies: 38
Views: 4878

Re: Who really needs an umbrella insurance?

25 and more years ago I was buying car insurance with a $500k liability limit. What has inflation been over the past 25 years? I think judgements, especially on either coast, have gone up significantly over the years. So, instead of looking for higher limit auto policies, I just get an umbrella pol...
by IMO
Sat May 13, 2017 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance in older age?
Replies: 12
Views: 1582

Re: Term life insurance in older age?

I wonder about 2 things: 1. Does the calculation take in consideration that expenses should decrease (for example health insurance/medications/co-pays)? Or does it just take one's annual expenses for both parties and continue forward with that same amount in the calculations? 2. Can other things be ...
by IMO
Sat May 13, 2017 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Will I ever have enough for a condo/house in Cali?
Replies: 42
Views: 3096

Re: Will I ever have enough for a condo/house in Cali?

Hi Bogleheads, Age: 27, single Occupation: PPC Analyst Salary: $60K Cash: $20.1K IRA: $28.2K (no 2017 contribution yet) Taxable Account: $4.3K 401K: $2.8K HSA: $3k -B At your age in California, I was in graduate school and for comparison: No salary, No cash, No IRA, No taxable account, No 401K, No ...

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