Search found 318 matches

by Incendiary
Sat May 20, 2017 8:24 pm
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 43
Views: 5374

Re: Lawyers charging for asking about fees

I did not mean for this thread to turn into a referendum on lawyers. I don't mind the comments, nor do I mind lawyers, but I hope the mods do not lock this thread... Thanks.
by Incendiary
Sat May 20, 2017 7:15 pm
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 43
Views: 5374

Re: Lawyers charging for asking about fees

I don't have many facts to offer because I'm not fully apprised of the situation. All I know is an invoice was received with a bill for 0.5 hours for "respond to client question regsading (sic) payment of fees."
by Incendiary
Fri May 19, 2017 3:57 pm
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 43
Views: 5374

Lawyers charging for asking about fees

Are lawyers "allowed" to bill you for time asking them about fees? Is it common practice? Against ABA guidelines?

Just looking for guidance here. Thanks.
by Incendiary
Mon May 15, 2017 11:25 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1011
Views: 239249

Re: Best watch for around $5,000?

bowtie wrote:Is Omega better quality than Longines. ..aside from what one likes. Just wondered how they "rank" in quality?


I think most would say it's more prestigious. Not sure about quality.
by Incendiary
Mon May 15, 2017 8:58 am
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 49
Views: 4386

Re: Tipping for restaurants where you order at the counter

1. No 2. Sometimes. This is the most awkward system. If I clean up after myself, I'm not leaving a tip on an empty table and wonder if the next diner ended up with it. Sometimes I'll stop by the counter and throw money into a jar, but most of the time I don't. 3. Yes. I frequent a Chinese restauran...
by Incendiary
Mon May 15, 2017 8:57 am
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 49
Views: 4386

Re: Tipping for restaurants where you order at the counter

So basically none of you would tip in advance? You would hit the "no tip" button and then tip at the end by leaving some cash on the table?

nisiprius, I tip on the undiscounted total in your scenario.
by Incendiary
Mon May 15, 2017 12:04 am
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 49
Views: 4386

Tipping for restaurants where you order at the counter

I've noticed three main types of restaurants where you order at the counter. In all, you pay in advance and you are prompted to enter a tip amount: 1. You pick up your food at the counter, then you clean up after yourself and put your dishes by the trash can, like at Panera. 2. They bring the food t...
by Incendiary
Wed May 10, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Interest rate per year
Replies: 6
Views: 602

Re: Interest rate per year

This is for a $500 purchase. I don't consider it complicated, since I would just have them draw from my account on a monthly ACH. But I would use this cut off no matter how large or small the purchase. If it were a larger purchase like a residential or commercial mortgage, I'd obviously use an even ...
by Incendiary
Wed May 10, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Interest rate per year
Replies: 6
Views: 602

Interest rate per year

Curious as to whether any of you have a particular interest rate threshold for paying for something in a lump sum vs. periodic installments. For instance, many insurance policies allow you to pay in annual, semi-annual, quarterly, or monthly installments. If you pay less frequently, you pay less ove...
by Incendiary
Sat May 06, 2017 3:20 am
Forum: Personal Finance (Not Investing)
Topic: another umbrella insurance question
Replies: 6
Views: 642

Re: another umbrella insurance question

Didn't realize that was an option. Is one from a different company?
by Incendiary
Fri May 05, 2017 10:58 pm
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 301
Views: 40130

Re: What is your favorite consumer product?

NJdad6 wrote:You know this is an old group of people when the favorite consumer product seems to be oatmeal :)


FTFY. :wink:

(I like oatmeal, too...)
by Incendiary
Fri May 05, 2017 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: another umbrella insurance question
Replies: 6
Views: 642

another umbrella insurance question

Hypothetically/asking for a friend, if you have assets of $20mm, net worth of $12mm, then what umbrella limit would you get? $5mm? 6? $12mm? 13? $20mm? 21? From doing some reading, it seems that most insurance companies stop at $5mm, and if they go higher then you have to do some special song and da...
by Incendiary
Fri Apr 28, 2017 7:52 am
Forum: Personal Finance (Not Investing)
Topic: 529 Strategy for Grad School
Replies: 7
Views: 882

Re: 529 Strategy for Grad School

Unless things have changed, you could open multiple accounts per person per beneficiary and get the deduction for each account. Just FYI.
by Incendiary
Wed Apr 26, 2017 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice about permanent life insurance policies
Replies: 17
Views: 1684

Re: Need advice about permanent life insurance policies

I'm not looking for specific credentials. He said he wasn't comfortable doing it because of the types of policies and the amounts. No, he didn't sell to me. Haha. Can you give an example of a type that's too complicated? Is the amount too high or too low for him to evaluate? For low amounts, I don'...
by Incendiary
Wed Apr 26, 2017 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice about permanent life insurance policies
Replies: 17
Views: 1684

Re: Need advice about permanent life insurance policies

pintail07 wrote:What is the purpose of the policies when purchased and what is purpose now?


I did not buy the policies but I think the purpose is to create a sizable nut for the next generation in a way that avoids estate taxes. I'll ask tomorrow.
by Incendiary
Wed Apr 26, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice about permanent life insurance policies
Replies: 17
Views: 1684

Re: Need advice about permanent life insurance policies

An experienced independent agent can do all you require. Pay them a fair fee and make sure you only interested in a thorough review and no other products unless you ask for rates. When I review cases like this I put very little confidence of anything projected and mostly look at guarantees. Granted...
by Incendiary
Sun Apr 23, 2017 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice about permanent life insurance policies
Replies: 17
Views: 1684

Re: Need advice about permanent life insurance policies

bsteiner wrote:Jim Hunt
Janet (JJ) MacNab
Peter Kaat
Glenn Daily


It appears that Peter Katt passed in 2015.

Do you happen to have Janet MacNab's contact information?
by Incendiary
Tue Apr 11, 2017 5:11 pm
Forum: Personal Consumer Issues
Topic: providing wire information
Replies: 10
Views: 449

Re: providing wire information

Thanks, everyone. OFX doesn't have offices in Kenya or anywhere in Africa except for South Africa, so apparently they cannot help. Just FYI.
by Incendiary
Tue Apr 11, 2017 4:48 pm
Forum: Personal Consumer Issues
Topic: providing wire information
Replies: 10
Views: 449

Re: providing wire information

I've never used Western Union. I'll look up now how that works.

What is OFX?
by Incendiary
Tue Apr 11, 2017 4:32 pm
Forum: Personal Consumer Issues
Topic: providing wire information
Replies: 10
Views: 449

Re: providing wire information

I'm not sure I understand why they have access to my account info any more than anyone else would. By that I mean the only info I need to provide is my account number, name, and location. They should have the last two already, and the account number is on every check that I write. :confused
by Incendiary
Tue Apr 11, 2017 4:14 pm
Forum: Personal Consumer Issues
Topic: providing wire information
Replies: 10
Views: 449

providing wire information

I am owed money by a couple people in Kenya. I don't know them well and have never spoken to them. Is there any concern to providing them with my bank info for them to wire me money? I would not be sending anything to them afterwards but would be providing a service after money is received. Yes, I a...
by Incendiary
Thu Apr 06, 2017 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Help with college choice
Replies: 125
Views: 5564

Re: Help with college choice

Is Nashville that much more "Southern" than North Cackalacky?
by Incendiary
Wed Apr 05, 2017 9:43 pm
Forum: Personal Consumer Issues
Topic: Buying expensive car, how to keep payments low?
Replies: 149
Views: 8834

Re: Buying expensive car, how to keep payments low?

This is the first time I've heard someone saying to buy a vacation home in cash. Is this a common sentiment here? I think the common sentiment is don't squander money on a 2nd house. Get a hotel room.:) Personally as a don't pay off the house type of guy, I can't imagine buying a 2nd house and payi...
by Incendiary
Wed Apr 05, 2017 9:27 pm
Forum: Personal Consumer Issues
Topic: Buying expensive car, how to keep payments low?
Replies: 149
Views: 8834

Re: Buying expensive car, how to keep payments low?

This is the first time I've heard someone saying to buy a vacation home in cash. Is this a common sentiment here?
by Incendiary
Wed Apr 05, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: time limit for rolling over tIRA to 401k
Replies: 2
Views: 194

time limit for rolling over tIRA to 401k

I am rolling over monies from a tIRA to a 401k. I want to do this because I want to backdoor Roth and I don't want to owe additional tax on any of the amount I'm contributing. I have two questions: 1) If I backdoor Roth, do I have to have $0 in tIRA accounts when I complete the backdoor Roth or just...
by Incendiary
Wed Apr 05, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Need mortgage loan for a residential investment property
Replies: 8
Views: 673

Re: Need mortgage loan for a residential investment property

Thanks for the responses. We sold a property owner by an LLC, so to complete the 1031 we must buy in the same LLC. Also, we have family in both locations. They will actually be renting from us. Given that, any leads on banks or mortgage sources? I think we would put 25% down, since I think that is t...
by Incendiary
Tue Apr 04, 2017 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Need mortgage loan for a residential investment property
Replies: 8
Views: 673

Need mortgage loan for a residential investment property

I would like to buy a $1.1 million residential condo in Los Angeles and a $500,000 residential condo in Maryland. I am buying them through LLCs. I am facing restrictions as to bank footprints (community banks will only loan within a local geography), loan sizes for LLCs (Wells Fargo will only loan t...
by Incendiary
Sun Apr 02, 2017 4:54 pm
Forum: Personal Consumer Issues
Topic: Help me respond to an angry insurance agent!
Replies: 38
Views: 4294

Re: Help me respond to an angry insurance agent!

Some agents consider different companies because they can't work with certain insurers or don't make as much commission. Because of that, I think it's fair to work with multiple...
by Incendiary
Sat Apr 01, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 10159

Re: Not opting for 529... anyone else?

I think these are the threads I was thinking about. I guess I remembered incorrectly? https://www.bogleheads.org/forum/viewtopic.php?f=2&t=207622&p=3184266&hilit=529+school+directly#p3184266 https://www.bogleheads.org/forum/viewtopic.php?f=2&t=205162&p=3147201&hilit=529+schoo...
by Incendiary
Sat Apr 01, 2017 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 10159

Re: Not opting for 529... anyone else?

There was a prior thread on here taking about some tax or financial aid issue relating to the disbursement recipient. I'll see if I can find it.
by Incendiary
Sat Apr 01, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 10159

Re: Not opting for 529... anyone else?

Chicagoan23, I don't think the 529 money comes off​ the top. I think the potential for harm comes if the money is disbursed to the wrong entity, thereby possibly becoming attributed as student income for a future year, but I'm not super well versed in this. It is also counted as student income if t...
by Incendiary
Sat Apr 01, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 10159

Re: Not opting for 529... anyone else?

The pressure! Haha.

Unfortunately, you are correct. We currently do not qualify. With another we might for a little from some very generous schools, though!
by Incendiary
Fri Mar 31, 2017 11:03 pm
Forum: Personal Consumer Issues
Topic: At what age were your kids potty trained?
Replies: 16
Views: 1413

Re: At what age were your kids potty trained?

Clap and cheer when they go in the toilet. And offer a small candy like an m&m.
by Incendiary
Fri Mar 31, 2017 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 10159

Re: Not opting for 529... anyone else?

It's so interesting to me how many people are concerned with the possibility that their children might not go to college. This is why I like to read different internet sites, though. Lots of people who think differently than I do about many things, even though we might think the same about many othe...
by Incendiary
Fri Mar 31, 2017 4:23 am
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 10159

Re: Not opting for 529... anyone else?

chicagoan23, Unless the fresh graduate's starting salary and American median income keep up with that inflation rate, why would you pay that kind of money for your children's college? It does not make any financial sense. You could give them the money and they could partially retire with a low-inco...
by Incendiary
Thu Mar 30, 2017 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 10159

Re: Not opting for 529... anyone else?

soupcxan wrote:Personally, I am not adding more to my kid's 529 plan until I have maxed out my taxable account.


Tongue in cheek? It's impossible to max it out, isn't it?
by Incendiary
Wed Mar 29, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 10159

Re: Not opting for 529... anyone else?

Why does the 25 or 28% tax bracket matter? It's all after tax contributions anyway, whether you're putting it into a 529 or a taxable account. And the capital gains tax rate is 15% once you get to the 25% bracket. So shouldn't your threshold for recommending 529s be at 25%, not at 33%? Incendiary, ...
by Incendiary
Wed Mar 29, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 10159

Re: Not opting for 529... anyone else?

For those who do max out their retirement accounts, the tax free growth and/or state deductions are reasons, particularly for those in higher brackets, no? Incendiary, I am more precise than that. If your higher bracket referred to higher than 28% tax bracket, I agree with you. For people in 25%/28...
by Incendiary
Wed Mar 29, 2017 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 10159

Re: Not opting for 529... anyone else?

OP, I do not save for my children's college education. My plan was if I am fully-employed long enough, I will have my Financial Independence (FI) fully funded. Then, I can use my taxable account and annual saving to "cash flow" my children's college education. It worked out for me. I am &...
by Incendiary
Wed Mar 29, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 10159

Re: Not opting for 529... anyone else?

OP, I do not save for my children's college education. My plan was if I am fully-employed long enough, I will have my Financial Independence (FI) fully funded. Then, I can use my taxable account and annual saving to "cash flow" my children's college education. It worked out for me. I am &...
by Incendiary
Tue Mar 28, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 10159

Re: Not opting for 529... anyone else?

I'm putting in enough to fund private college and private grad school for my kids.
by Incendiary
Sun Mar 26, 2017 9:50 pm
Forum: Personal Consumer Issues
Topic: Free/Cheap Sports Channels
Replies: 16
Views: 1351

Re: Free/Cheap Sports Channels

You watch two games at a time. One local, the other national. You cannot watch whichever game you want. Your data is free, also.
by Incendiary
Sun Mar 26, 2017 2:55 pm
Forum: Personal Consumer Issues
Topic: Free/Cheap Sports Channels
Replies: 16
Views: 1351

Re: Free/Cheap Sports Channels

If you have Verizon wireless, you can watch NFL games for free on the NFL Mobile app once football season starts back up. You can watch March madness games for free though an app as well, no matter your carrier.
by Incendiary
Wed Mar 22, 2017 8:11 am
Forum: Personal Consumer Issues
Topic: whole house water filter --your thoughts?
Replies: 26
Views: 2043

Re: whole house water filter --your thoughts?

We have a system like this one. It has worked well for us, even though we didn't install it and likely would not have if the decision were up to us. http://www.aquasana.com/whole-house-water-filters/300k-gallon-rhino A benefit of a whole house filter is you get filtered water, if you should desire s...
by Incendiary
Sun Mar 19, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Collection Agency - Are you kidding?
Replies: 33
Views: 4536

Re: Collection Agency - Are you kidding?

You can request the money it costs in fees as part of the compensation you seek.
by Incendiary
Sun Mar 19, 2017 12:38 pm
Forum: Personal Consumer Issues
Topic: Looking for a snazzy car
Replies: 79
Views: 4659

Re: Looking for a snazzy car

timmy wrote:I don't have any suggestions. I have used the word snazzy 5x since reading your post.

So if the word comes back into common use, you were the boulder, me the lever, and boglehead.org the fulcrum


And the word, "jazzy"?
by Incendiary
Sat Mar 18, 2017 8:43 pm
Forum: Personal Consumer Issues
Topic: Looking for a snazzy car
Replies: 79
Views: 4659

Re: Looking for a snazzy car

Vespa. And keep your car.
by Incendiary
Sat Mar 18, 2017 8:36 pm
Forum: Personal Consumer Issues
Topic: Wall Street Journal - can't buy with miles anymore
Replies: 7
Views: 1329

Re: Wall Street Journal - can't buy with miles anymore

I went through the site mentioned and got a three year subscription for 210. Working well so far!
by Incendiary
Wed Mar 15, 2017 9:07 pm
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 10181

Re: $464.12 dinner bill last night. No regrets.

Good for you guys for showing your gratitude. Keep up the good work with your savings, too.

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