Search found 836 matches

by Iorek
Wed Jun 21, 2017 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Step-up basis of inherited rental properties
Replies: 10
Views: 997

Re: Step-up basis of inherited rental properties

Clearly you should be talking with a good account. A good one will always pay for themselves by giving you proper advice and guidance. Agree. I'm sorry for your loss but I would sit down and sort through these issues with a professional (or maybe two, bcs I am not sure if you need both a lawyer and...
by Iorek
Mon Jun 19, 2017 8:45 pm
Forum: Personal Consumer Issues
Topic: Insurance snafu with sewer line break at condo
Replies: 24
Views: 2116

Re: Insurance snafu with sewer line break at condo

When we bought a condo our lawyer advised us to get homeowners insurance with whoever insured the rest of the building because that way the two companies can't argue with each other (although you still might not hav coverage in this particular situation).
by Iorek
Thu Jun 15, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance?
Replies: 46
Views: 3735

Re: Long Term Care Insurance?

My John Hancock policy cannot raise premiums or reduce benefits. That is almost certainly not true. Most likely you have a policy where JH would have to go the state insurance commissioner and seek permission to raise rates for the entire class of policyholders on the ground that it's needed to ens...
by Iorek
Mon Jun 12, 2017 7:03 am
Forum: Investing - Help with Personal Investments
Topic: Help a Newbie
Replies: 10
Views: 652

Re: Help a Newbie

Your wife is a nurse and she is subject to a $5k deductible for labor and delivery? That seems screwed up.
by Iorek
Sun Jun 04, 2017 8:36 pm
Forum: Personal Consumer Issues
Topic: Mobile phone SIM advice for multiple countries in Europe
Replies: 24
Views: 780

Re: Mobile phone SIM advice for multiple countries in Europe

How about just using t-mobile? Free international data and text... That's what my wife and I use, since we hardly ever call out. Using the iPhone for messaging back home and GPS on the road, or searching for resturants, hotels, and so forth... It's not practical for most people (including myself) t...
by Iorek
Sun Jun 04, 2017 8:31 pm
Forum: Personal Consumer Issues
Topic: Flying first class, business, versus economy.
Replies: 105
Views: 6785

Re: Flying first class, business, versus economy.

We try to fly economy plus for long flights and to find frequent flyer business class tickets (I've found United to be ok about availability, if you are flexible and willing to keep checking repeatedly beginning months in advance)
by Iorek
Sat May 27, 2017 1:17 pm
Forum: Investing - Theory, News & General
Topic: Why are capital gains taxed lower than div/interest?
Replies: 20
Views: 1459

Re: Why are capital gains taxed lower than div/interest?

There was a period in the 90s when all forms of income were taxed at the same rate. Made many tax policy people happy but it didn't last (bcs IMO of the outsized influence of wealthy people, who get disproportionate shares of their income from unearned income, on our political process)
by Iorek
Sun May 14, 2017 5:28 pm
Forum: Personal Consumer Issues
Topic: Tipping at All Inclusive Resort?
Replies: 67
Views: 5100

Re: Tipping at All Inclusive Resort?

I try to tip for beach service and maid service but I agree that one of the reasons I go to an AI (when I go) is to be free of money, not to be worrying about having singles and tipping etc. would never really occur to me to tip at meals.
by Iorek
Fri May 12, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: High proportion of "post-tax assets" in REITs?
Replies: 9
Views: 485

Re: High proportion of "post-tax assets" in REITs?

I guess it's personal. If you like REITs and you might want to get back up to 6% if your employer (or your employer's plan) changes in the future then I would be fine with deciding to hedge my risk by cutting back for now but not selling entirely. OTOH if you decide you'd rather not deal with a smal...
by Iorek
Sat May 06, 2017 9:27 am
Forum: Personal Consumer Issues
Topic: Southeast Asia for a week, in August first week
Replies: 24
Views: 1079

Re: Southeast Asia for a week, in August first week

Not sure how much variation among those places but I think Thailand gets brutally hot and humid in August. You might want to look at planning around climate?
by Iorek
Thu May 04, 2017 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with inheritance
Replies: 37
Views: 3552

Re: What to do with inheritance

First I am truly sorry for your loss. It sounds like you had a great mom and you lost her too soon. Second, the wiki has a good section on windfalls (including inheritances)-- https://www.bogleheads.org/wiki/Managing_a_windfall The basic advice is to put aside 6-12 months in a bank account and the r...
by Iorek
Tue May 02, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for minor
Replies: 29
Views: 1225

Re: Roth IRA for minor

The IRS is not particularly focused on this area. The key is; are your children receiving compensation for tasks that justify that payment. Somethings are clear and the rest is like many issues in the tax code, very gray. Allowances are clearly not compensation. Generally it is believed that can no...
by Iorek
Sun Apr 30, 2017 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Favorite Financial Indulgences
Replies: 78
Views: 7627

Re: Favorite Financial Indulgences

Taking dress shirts to the dry cleaners.

I would never deprive someone of a gadget, and ymmv but I found a no-knead bread recipe (like artisan bread in 5 minutes a day) makes better bread with less effort than a bread maker. Only problem was I was eating too much bread ;)
by Iorek
Wed Apr 26, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: "Negative points" on mortgage
Replies: 47
Views: 2813

Re: "Negative points" on mortgage

I've never had a loan with a prepayment penalty. I think they may be against the law in MD.
by Iorek
Wed Apr 26, 2017 6:53 am
Forum: Personal Finance (Not Investing)
Topic: "Negative points" on mortgage
Replies: 47
Views: 2813

Re: "Negative points" on mortgage

Nisiprius, this might be the first time I've disagreed with one if your posts but I can't see why the borrower shouldn't just treat it as another option, calculate the break even point and decide if they will still have the mortgage at that time. In retrospect we will know the "right" answ...
by Iorek
Wed Apr 26, 2017 6:18 am
Forum: Personal Finance (Not Investing)
Topic: "Negative points" on mortgage
Replies: 47
Views: 2813

Re: "Negative points" on mortgage

I did these loans regularly when I was refinancing every year or two (I've owned the same house for 15 years but probably had 5 or 6 mortgages in that time). I think that the breakeven point was usually somewhere around 7 years-- the mortgage professor website has great calculators for figuring this...
by Iorek
Sun Apr 16, 2017 10:48 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 249
Views: 22746

Re: Tesla Model 3 or Chevy Bolt?

Personally I see it as a charging issue. Why would I want to buy a Bolt or any electric car for that matter that I couldn't even drive long distance. It's like buying an expensive but very defective car. Not being able to drive 200+ miles on charge is defective in the same ways as not being able to...
by Iorek
Tue Mar 14, 2017 7:53 am
Forum: Investing - Help with Personal Investments
Topic: Do unrealized gains impact a fund's price?
Replies: 7
Views: 461

Re: Do unrealized gains impact a fund's price?

Mutual funds are required to value shares each day at a price equal to the fair market value of their assets, so that would ordinarily include both unrealized gain and loss. That is generally considered a feature not a bug of mutual funds. If you poke around you should be able to find M* or other ra...
by Iorek
Sun Mar 05, 2017 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab vs Vanguard
Replies: 68
Views: 14593

Re: Schwab vs Vanguard

That's pretty impressive that competition has driven the prices down. I will say that without a doubt Schwab (and T Rowe Price) have better customer service that Vanguard, but I rarely need customer service (honestly Vanguard, in 2017 your CSRs really assume without asking that my wife and I share t...
by Iorek
Sun Feb 26, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: What Amount of My Bonds Should Be I Bonds?
Replies: 10
Views: 1340

Re: What Amount of My Bonds Should Be I Bonds?

I don't have a view of how much "should" be I bonds but I just want to say that when I was starting out I liked i bonds a lot as a vehicle for extra savings because they are tax deferred (or conceivably exempt), liquid, and offer guaranteed but decent returns. It's a good option for money ...
by Iorek
Fri Feb 17, 2017 1:22 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 249
Views: 22746

Re: Tesla Model 3 or Chevy Bolt?

my problem is I just want an appliance. I am used to Toyota and Honda reliability and scared to own anything else. They're not perfect but the odds are in my favor. Ok, if you want just an "appliance" then you need to wait a while...a long while! Remember, you are comparing the reliabilit...
by Iorek
Thu Feb 16, 2017 11:03 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 249
Views: 22746

Re: Tesla Model 3 or Chevy Bolt?

I think Tesla is under such pressure to produce cars that quality will continue to suffer. I'd get a Bolt now while you can get the tax credit (or don't and leave one for me ;) ) It's amazing to me to see how quickly the level 3 charging network os being built out. 18 months ago there wasn't a singl...
by Iorek
Sat Jan 21, 2017 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: EE bonds vs iBonds
Replies: 33
Views: 4914

Re: EE bonds vs iBonds

I think about how things have changed over the last 20 years and I just don't like the idea of tying my money up for that long (yes I could cash them in, but if I do so I accept an interest rate of 0.10 %). Certainly it could be the case that 3.5% will turn out to be a great interest rate for the n...
by Iorek
Mon Jan 16, 2017 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: "The DoL Fiduciary Class Action Lawsuit That Will Really Transform Financial Advice" by Michael Kitces
Replies: 6
Views: 1006

Re: "The DoL Fiduciary Class Action Lawsuit That Will Really Transform Financial Advice" by Michael Kitces

My impression is that the financial industry has been on a campaign (spearheaded at one point by John Robert before he was put on the Supreme Court) to make it impossible to bring class action lawsuits. The companies have been putting arbitration clauses in every consumer contract and the courts hav...
by Iorek
Thu Jan 05, 2017 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Experience selling car to Carmax?
Replies: 52
Views: 30774

Re: Experience selling car to Carmax?

You might want to check out Vroom-- they are like carmax but internet based. We sold a car through them recently and it was both really easy and they gave us a better price than carmax. We just took some photos of the car and answered some questions on their website/app and we had a quote very quic...
by Iorek
Sun Dec 25, 2016 11:54 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Gift to You.
Replies: 98
Views: 8075

Re: My Christmas Gift to You.

Merry Christmas Taylor, and thank you for everything-- your service, the reminder of that Christmas, and all you've done since.
by Iorek
Mon Dec 12, 2016 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Allocations 43 yr old
Replies: 47
Views: 4670

Re: TSP Allocations 43 yr old

But if you retire at 55 and don't draw your pension until 60 don't you give up your ability to participate in federal employee health benefits? Do you have a plan for health insurance, esp if the ACA goes away?
by Iorek
Sun Dec 11, 2016 10:09 am
Forum: Investing - Help with Personal Investments
Topic: FSA childcare with nanny from care.com?
Replies: 2
Views: 254

Re: FSA childcare with nanny from care.com?

You should be able to do this. You will probably need the nanny to provide a SS number and to sign something confirming the care/payment but neither should be a problem.
by Iorek
Sun Dec 11, 2016 9:37 am
Forum: Investing - Help with Personal Investments
Topic: TSP Allocations 43 yr old
Replies: 47
Views: 4670

Re: TSP Allocations 43 yr old

I think the L Fund is the right way to go. A couple of cautions on TSP vs Roth. I would encourage you to decide to max out TSP before contributing to Roth. Contributing to TSP/traditional 401k instead of a Roth allows you to put more away and I think you are unlikely to be in a higher tax bracket in...
by Iorek
Sat Dec 10, 2016 1:42 pm
Forum: Personal Consumer Issues
Topic: Where do you buy coffee beans?
Replies: 96
Views: 6082

Re: Where do you buy coffee beans?

Mail order -- Peets or Deans beans.
by Iorek
Sun Dec 04, 2016 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Federal Blue Cross Standard versus Basic
Replies: 40
Views: 3656

Re: Federal Blue Cross Standard versus Basic

fundseeker wrote:Oh, and while we are here discussing these things, I assume you will be maxing out the FSA?


Maxing out a healthcare FSA is not necc. a good idea.
by Iorek
Sun Dec 04, 2016 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation!
Replies: 12
Views: 1004

Re: Help with asset allocation!

My favorite concept portfolio is below. It assumes that 401k or IRA has been maxed as well as Roth....... 401k or tIRA - 25 % bonds and 25 % stocks ROTH - 25 % stocks Taxable - 25 % stocks Your mileage will vary. Do this as well : Asking Portfolio Questions Just curious. I can see some logic for th...
by Iorek
Sun Dec 04, 2016 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Federal Blue Cross Standard versus Basic
Replies: 40
Views: 3656

Re: Federal Blue Cross Standard versus Basic

I also struggle with this every year. We have stuck with std on the theory that we are insuring against the worst case but tbh I would guess we are spending more than necessary.
by Iorek
Sun Nov 13, 2016 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Experience selling car to Carmax?
Replies: 52
Views: 30774

Re: Experience selling car to Carmax?

You might want to check out Vroom-- they are like carmax but internet based. We sold a car through them recently and it was both really easy and they gave us a better price than carmax. We just took some photos of the car and answered some questions on their website/app and we had a quote very quick...
by Iorek
Wed Nov 09, 2016 5:14 am
Forum: Personal Finance (Not Investing)
Topic: Determining the Cost Basis of a house, from 1966 ?
Replies: 22
Views: 2944

Re: Determining the Cost Basis of a house, from 1966 ?

Is the sale price not recorded with the county? This is not tax advice but if what you have is just the price it was offered at I would just take a conservative approach -- knock 10 or even 20% off that. (Not sure if you have any additions to basis from permanent improvement, or how you are handling...
by Iorek
Sat Nov 05, 2016 6:17 am
Forum: Investing - Help with Personal Investments
Topic: To Roth or not to Roth that is the question
Replies: 18
Views: 3437

Re: To Roth or not to Roth that is the question

Another vote here for traditional with a Roth IRA (probably about the same effect on take home pay as 100% Roth).
by Iorek
Sat Oct 22, 2016 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Matching children's Roth IRA contributions
Replies: 41
Views: 4273

Re: Matching children's Roth IRA contributions

My parents have given my family cash gifts without strings (but making clear we should not count on them from year to year, which means our budget has to work without them). The outcome is that we can afford to both fund Roth IRAs (on top our employer retirement saving) and travel more than we could...
by Iorek
Sat Oct 01, 2016 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Matching children's Roth IRA contributions
Replies: 41
Views: 4273

Re: Matching children's Roth IRA contributions

Your money is yours to spend however you wish, but I would suggest if you don't trust your kids maybe you shouldn't give them large sums of money, and if you do then monitoring their statements is unnecessary.
by Iorek
Sat Sep 17, 2016 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Good read on mutual fund investing needed.
Replies: 10
Views: 831

Re: Good read on mutual fund investing needed.

brought me to the conclusion that my first investments to be held in a Roth IRA will be index funds. That being said, I'd like to learn all I can about investing in mutual funds The reason nobody talks about this is that index funds are better. This is all you need to know about actively managed mu...
by Iorek
Sun Sep 04, 2016 12:09 pm
Forum: Personal Consumer Issues
Topic: Next Weekend Car - Dodge Viper to What?
Replies: 65
Views: 5903

Re: Next Weekend Car - Dodge Viper to What?

You might want to check out EV possibilities-- they are naturally high in torque (leave aside Tesla and its "ludicrous mode"-- IIRC even the EV version of the Chevy Spark has 300+ ft-lb) and are a lot of fun to drive.
by Iorek
Fri Sep 02, 2016 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Federal employee seeking more ways to save for retirement
Replies: 8
Views: 1304

Re: Federal employee seeking more ways to save for retirement

I would investigate i-bonds and (given low rates and low expected inflation) EE bonds-- those are are good tax-deferred ways of investing in fixed income (many of us use i-bonds as a place to store an emergency fund). I would also get consider (and get more confortable) with long-term investing in a...
by Iorek
Fri Aug 26, 2016 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Are Bogleheads Buying I-Bonds 2016?
Replies: 87
Views: 17309

Re: Are Bogleheads Buying I-Bonds 2016?

We max out our 401k, do backdoor Roth, and have an automatic monthly debits from our bank account with 1/3 going to i-bond, 1/3 going to EE bonds (should be in retirement in 20 years) and 1/3 going to VTSAX (taxable). I consider the savings bonds to be tax-advantaged savings-- would rather have I bo...
by Iorek
Sat Aug 06, 2016 12:13 pm
Forum: Personal Consumer Issues
Topic: Data heavy sim card for Europe trip
Replies: 18
Views: 1350

Re: Data heavy sim card for Europe trip

FYI, T-mobile doesn't ever charge for data in Europe, but they say they will limit speeds (that's why the promotion is free LTE speeds). In my experience, you can usually get free 3G speeds, with speeds sometimes being faster and sometimes slower. Three of us traveled with tmo phones, both before an...
by Iorek
Sun Jul 31, 2016 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Premium increase for federal employee long term care insurance
Replies: 69
Views: 6576

Re: Premium increase for federal employee long term care insurance

... The increases for Federal Employees are similar to the increases everyone else has already been seeing. Nothing new. ... _D_ I admit I don't have hard data but as I tried to say above, I disagree with this in the sense that fed employees had a similar increase a few years ago and should have an...
by Iorek
Tue Jul 26, 2016 3:37 pm
Forum: Personal Consumer Issues
Topic: Traveling to Italy - 3 weeks in 2017, advice appreciated
Replies: 119
Views: 9745

Re: Traveling to Italy - 3 weeks in 2017, advice appreciated

In Tuscany you could look at the Val D'Orcia. Lots of smallish towns that could be base for daytrips to other small towns (might try to find a place with a pool, so you do shorter day trips combined with afternoons at the pool). Thinking of places like Montalcino, Montepulciano, San Quirico, Bagno V...
by Iorek
Sun Jul 24, 2016 3:03 pm
Forum: Personal Consumer Issues
Topic: Vacationing in the Caribbean
Replies: 26
Views: 3057

Re: Vacationing in the Caribbean

Vieques.
by Iorek
Sun Jul 24, 2016 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: when refinance is worth it?
Replies: 5
Views: 936

Re: when refinance is worth it?

I find the calculators at the mortgage professor to be very good, but my answer is to always look for a no cost refi, where the lender offers you a slightly higher rate plus a credit against closing costs (in effect, a negative point-- instead of you paying them to lower the rate, they pay you to ra...
by Iorek
Sun Jul 24, 2016 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Premium increase for federal employee long term care insurance
Replies: 69
Views: 6576

Re: Premium increase for federal employee long term care insurance

For what it's it worth, I think it's important for feds to distinguish LTCi generally and the fed offering. There are lots of questions about whether to get LTCi generally, but then there additional questions about whether, if you want LTCi, you should get the fed version or your own policy. Note th...
by Iorek
Sun Jun 05, 2016 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: How important to hold EM?
Replies: 13
Views: 1263

Re: How important to hold EM?

I am not retired (10-15 years out) but fairly conservative and spent some time thinking about this because most of our assets are in TSP which has no EM. I would be fine holding EM in an index but I decided not to try and fill in the TSP for two reasons. One, as you point out, is that it doesn't tur...
by Iorek
Sat Jun 04, 2016 10:09 am
Forum: Personal Finance (Not Investing)
Topic: What is your refinance threshold?
Replies: 8
Views: 1631

Re: What is your refinance threshold?

mikep wrote:For no cost refinancing I would always do it for 0.25%. I would not pay $2500 closing costs though, more like $0.


Agree. Amerisave usually has a good variety of options that allow you to do a no cost and then you have no sunk costs if you want to do another (or move).

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