Search found 5814 matches

by Jack FFR1846
Mon Dec 11, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Question on meeting with at-fault ins agent for injury claim
Replies: 9
Views: 539

Re: Question on meeting with at-fault ins agent for injury claim

Full stop.

Hire a lawyer to represent you. You think a few more visits should do it. What happens in a year when you find that things are not good and you need expensive treatment? You need someone looking out for your interests which I'm afraid you're not doing for yourself.
by Jack FFR1846
Sun Dec 10, 2017 5:20 pm
Forum: Investing - Theory, News & General
Topic: Schwab 25% Cheaper than Vanguard?
Replies: 13
Views: 1348

Re: Schwab 25% Cheaper than Vanguard?

SCHB and VTI are interchangable in my humble opinion. I hold both. They do the same thing as far as I'm concerned. I've held SCHB a bit over a year now in taxable and VTI about 6 months in taxable (at TDAmeritrade). Yes, I know TDA took it off the NTF list.
by Jack FFR1846
Sun Dec 10, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Quit jobs to gain lower EFC [Expected Family Contribution]
Replies: 86
Views: 5074

Re: Quit jobs to gain lower EFC

Well, this has been an enlightening thread. I for one would rather keep working and earning money as opposed to being early retirement where the cash flow becomes constrained and you are left hoping that the rules of the “game” are not switched before halftime. Maximizing levers is the best way to ...
by Jack FFR1846
Sun Dec 10, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 85
Views: 5779

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

Something I heard once in our Town Meeting as something to be aware of when debating an issue:

Everything has been said but not everyone has said it.
by Jack FFR1846
Sun Dec 10, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 85
Views: 5779

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

There are three things you need to know in order to get through life:

1) "That's a great idea, Boss"

2) "It was like that when I got here"

3) "Cover for me"


Not my ideas, those from Homer.


Or maybe more esoteric from Rick Harrison: "You never know what's going to walk in the door".
by Jack FFR1846
Sun Dec 10, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: Would a Bitcoin Crash affect the general markets?
Replies: 25
Views: 1778

Re: Would a Bitcoin Crash affect the general markets?

I'd rather invest in Beanie Babies. At least there's some tangible thing that you get for your money. I see Bitcoin as vapor. At any point, it could just disappear. A Beanie Baby would at least be a thing that remains when the value is all gone from the hype.
by Jack FFR1846
Sun Dec 10, 2017 2:28 pm
Forum: Investing - Theory, News & General
Topic: How are 401k withdrawals taxed when you retire?
Replies: 10
Views: 917

Re: How are 401k withdrawals taxed when you retire?

It doesn't link to being retired, it links to all of your income. Consider 401k withdrawals beyond 59.5 as simply your new job. Add to income as you do now with actual income. Indeed, if you have low enough income, you may have no tax or a very low bracket.
by Jack FFR1846
Sun Dec 10, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: How can someone who earns 500k/yr in w2 be in 25% tax bracket?
Replies: 17
Views: 2471

Re: How can someone who earns 500k/yr in w2 be in 25% tax bracket?

Or his LLC pays him a salary. Say $150k a year. Now the LLC pays separate taxes as a business. He's ignoring this as business expenses.
by Jack FFR1846
Sun Dec 10, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 44
Views: 2919

Re: Can we afford to live on one income?

I expect you'll make your decision on things other than financial. Assuming she does stay home (my wife did), some surprises will come up. Her annual mileage will skyrocket. My wife's went up 50%. I have no idea where she went but compared with a 50 mile a day round trip, I think it was a few miles ...
by Jack FFR1846
Sat Dec 09, 2017 8:04 pm
Forum: Investing - Theory, News & General
Topic: Why Are So Many Companies Announcing Share Buyback?
Replies: 32
Views: 2799

Re: Why Are So Many Companies Announcing Share Buyback?

I've always thought that when a company buys back its own stock, it's sending the message "We don't know how to make money in our business so we'll take all this excess and just buy our stock". It tells me that upper management is greedy and/or stupid.
by Jack FFR1846
Sat Dec 09, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Quit jobs to gain lower EFC [Expected Family Contribution]
Replies: 86
Views: 5074

Re: Quit jobs to gain lower EFC

By the way, the absolute best way to game this system is to get a job (any job, including being a janitor) at school where school employee's children get free or cheap tuition and then have the kids get in to that school. Many of ht excellent school have this system including some of very very expe...
by Jack FFR1846
Sat Dec 09, 2017 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Need help with investing risk averse inlaws money
Replies: 5
Views: 299

Re: Need help with investing risk averse inlaws money

They do want to have the ability to use this money they are gifting us should they need it. In this case, they should not be gifting it away. Once the money has been gifted, it's gone. It could go towards the payment on a 2007 Aston Martin Vantage V8, silver with a 5 speed manual at my local Aston ...
by Jack FFR1846
Fri Dec 08, 2017 9:42 pm
Forum: Investing - Theory, News & General
Topic: Just not getting it
Replies: 66
Views: 6954

Re: Just not getting it

Let's turn back time to the start of my engineering career and pick the most stable, big, great companies who are going to rule the world forever. DEC....it's already passed on buying this silly startup, Apple because it's just a toy. Same with Compaq. It's outmaneuvering Big Blue (IBM). Wang.....be...
by Jack FFR1846
Fri Dec 08, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: Gift Giving Strategy for Married Couples
Replies: 20
Views: 1566

Re: Gift Giving Strategy for Married Couples

Both spouses open up laptops to Amazon, choose something they want, put it in the cart, ready to order. When both are ready, exchange laptops and both hit the "order" button.

Yes, we do this.
by Jack FFR1846
Fri Dec 08, 2017 10:56 am
Forum: Personal Consumer Issues
Topic: Extended warranty on 2018 Outback
Replies: 47
Views: 1519

Re: Extended warranty on 2018 Outback

Ok, here's a response from a "Subaru guy". You can buy any Subaru Factory extended warranty as long as the car is in the bumper to bumper 3/36 warranty (not the 5/60 powertrain). What I would do. First, Mastria Subaru in Mass is known for being THE lowest price on warranties in the US. Call and ask ...
by Jack FFR1846
Thu Dec 07, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: House on the market less than a day. Did listing agent commit fraud?
Replies: 55
Views: 6486

Re: House on the market less than a day. Did listing agent commit fraud?

The seller saw an acceptable offer and took it. Happened to me. We saw a house at 10pm and the agent said that she would put in an offer at 8 in the morning. An offer came in at 11pm and was accepted. We missed out on the house. We were going to move and were on a house hunting trip. The agent had a...
by Jack FFR1846
Thu Dec 07, 2017 8:46 am
Forum: Personal Finance (Not Investing)
Topic: How do you know you are FI? [Financially Independent]
Replies: 48
Views: 3753

Re: How do you know you are FI?

Example: my 12- year old chainsaw just bit the dust and I bought a new one for $450. Where does that appears on my Retirement Expenses Spreadsheet? Picture of chainsaw, please. (I forest manage and am a Husqvarna user) $450 should not be a significant part of your living expenses. If it is, you're ...
by Jack FFR1846
Wed Dec 06, 2017 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: How do you know you are FI? [Financially Independent]
Replies: 48
Views: 3753

Re: How do you know you are FI?

For me, (I'm very conservative), it means: Assets able to support at 2% withdrawal (50 time spending in liquid assets). Paid off mortgage and no debt. College fully funded or even better, kids graduated from college, out of the house with good jobs. No humungous known expenses on the horizon. Health...
by Jack FFR1846
Wed Dec 06, 2017 1:47 pm
Forum: Personal Consumer Issues
Topic: Least/Most Reliable Carmakers Today
Replies: 31
Views: 1899

Re: Least/Most Reliable Carmakers Today

There's more to it than just brand. A Ford Focus with the automatic transmission is by far the least reliable car on the planet. A Ford Fusion is one of the better ones. Each model and option makes a difference. Back when Fusion and Mazda 6 were the same car, a bunch of us at my work had both cars. ...
by Jack FFR1846
Wed Dec 06, 2017 1:40 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 144
Views: 7748

Re: Do people still use AAA?

I went to the airport nice and early for a business flight back in August. I'm about to leave my car at the off airport parking lot and get on the shuttle. I'm so used to locking the door that I do that. Unfortunately, the key was in the car. Called AAA and they got there soon enough to still make m...
by Jack FFR1846
Wed Dec 06, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Anyone mirror AA acorss multiple accounts ?
Replies: 23
Views: 1497

Re: Anyone mirror AA acorss multiple accounts ?

10 accounts between my wife and me. Only one of them, which holds about half my investments and is a traditional IRA has more than 1 fund in it. That's where I do all of my rebalancing. I take advantage of the absolute best ERs.
by Jack FFR1846
Wed Dec 06, 2017 8:39 am
Forum: Personal Consumer Issues
Topic: selling an older car on eBay-no bites!
Replies: 65
Views: 4545

Re: selling an older car on eBay-no bites!

Now that I know what it is, I might be able to help. You're going to want to market this in a couple places. One place is the custom hydrolic guys who make low riders and such. The live rear axle, front engine design is ancient and easy to work with. The anemic engine can be easily replaced. The sma...
by Jack FFR1846
Tue Dec 05, 2017 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 88
Views: 7663

Re: Want to sell my Bitcoin, but when?

Nope I fully exited when the price hit $7k and wont go back now that it's in the secondary market (less miners more purchasers) and the sorry state of cryptocurrency encryption code or lack there of. Don't even get me started on the wallet code, hopefully you have yours in a offline hard drive wall...
by Jack FFR1846
Tue Dec 05, 2017 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance - Cancel or Keep?
Replies: 9
Views: 896

Re: Whole Life Insurance - Cancel or Keep?

Get an in force illustration. It's quite possible that you don't actually have whole live as you say it's a VUL. I also thought I had a whole life policy that my dad bought almost 30 years ago and paid the premiums on. Mine turned out to be a UL and came with a term. So at some point (actually soon)...
by Jack FFR1846
Tue Dec 05, 2017 7:40 am
Forum: Personal Consumer Issues
Topic: selling an older car on eBay-no bites!
Replies: 65
Views: 4545

Re: selling an older car on eBay-no bites!

I suspect the OP's nostalgia for a car he has owned for 40 years has led to an overestimation of its value. Just because a car is old and in decent shape doesn't mean it's worth a fortune. I am seeing this now especially with people asking ridiculous money for 20-30 year old mass produced cars with...
by Jack FFR1846
Mon Dec 04, 2017 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage is About To Be Paid - I'm Scared!
Replies: 43
Views: 5631

Re: Mortgage is About To Be Paid - I'm Scared!

Any advice on how your mind changes once you have no debt? Any advice on how to be OK holding large sums of accounts? I am used to being 'under' something that I'm trying to get paid off. I am not used to having something and being on top of it. Thank you. Send your kids to private college and pay ...
by Jack FFR1846
Mon Dec 04, 2017 5:33 pm
Forum: Personal Consumer Issues
Topic: Understanding the World of Credit Card "Points"
Replies: 60
Views: 3316

Re: Understanding the World of Credit Card "Points"

dbr wrote:
Mon Dec 04, 2017 5:23 pm
While credit card points can definitely pay off, in my opinion the whole thing is really a hobby more than anything else. Generally using the points takes more knowledge and expertise than getting them.
It's not just a hobby......it's a passion. Live to churn. Churn to live.
by Jack FFR1846
Mon Dec 04, 2017 5:29 pm
Forum: Personal Consumer Issues
Topic: selling an older car on eBay-no bites!
Replies: 65
Views: 4545

Re: selling an older car on eBay-no bites!

What year and model car. There's plenty of car nuts like me on Bogleheads and I would bet that we can give you an idea whether the car has any value or if you should be looking at the price of scrap steel. Note: I have cut up and sold scrap steel from a dozen cars. Not all cars are valuable just bec...
by Jack FFR1846
Mon Dec 04, 2017 1:40 pm
Forum: Personal Consumer Issues
Topic: How much do you need to drive a car to keep battery charged and everything else OK?
Replies: 36
Views: 2707

Re: How much do you need to drive a car to keep battery charged and everything else OK?

Probably not. It'll keep the battery up just fine. It'll move the oil in the engine because it will get up to temperature (just barely). But it won't be up to temperature long enough to boil out any condensation that is in the oil. So as time goes by, the oil will contain more and more water. Not a ...
by Jack FFR1846
Sun Dec 03, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: When/how to pare back cash gifts to young relatives as they get older
Replies: 19
Views: 1660

Re: When/how to pare back cash gifts to young relatives as they get older

My mom has always given "the age of the recipient" in cash. With the kids in school and her helping with tuition payments, that's now stopped.
by Jack FFR1846
Sun Dec 03, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Just downsized at age 60...input appreciated
Replies: 29
Views: 3542

Re: Just downsized at age 60...input appreciated

Your brother is wrong. All an adviser will do is take $20k for his fee, put you into high priced funds, costing you another $30k and make sure you can't get out of your portfolio easily with non-tradeable REITs and the like. My portfolio is about $2M as well and I'm 60. I'm in a 3 fund at 50/50 and ...
by Jack FFR1846
Sun Dec 03, 2017 3:26 pm
Forum: Personal Consumer Issues
Topic: 208 Volt 3 phase
Replies: 13
Views: 1242

Re: 208 Volt 3 phase

Here's a good picture to show you what 3 phase 208V wye connected (neutral) looks like. https://www.google.com/search?q=3+phase+208v+picture&tbm=isch&source=iu&ictx=1&fir=XrXxnzvv2PlNPM%253A%252CExqJm2itQzCwHM%252C_&usg=__aFWIVSBsBlutEt1vBDFesgJdKGY%3D&sa=X&ved=0ahUKEwibruyh1u7XAhWFNd8KHRj6A5YQ9QEIP...
by Jack FFR1846
Sat Dec 02, 2017 10:50 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 vs Vanguard Total World
Replies: 3
Views: 638

Re: S&P 500 vs Vanguard Total World

Look at total international or developed international for the other part of the S&P500 story. I have domestic international and it pretty well tanked from 13 when I bought it until the end of last year. It's done very well since last fall. Put it together with the 500 and there ya go. Should be a p...
by Jack FFR1846
Sat Dec 02, 2017 10:22 pm
Forum: Personal Consumer Issues
Topic: Electric Car (Nissan Leaf) for a teen driver?
Replies: 43
Views: 3095

Re: Electric Car (Nissan Leaf) for a teen driver?

As for charging stations? Judging from the plug share web site there are about 50 public charging stations within 10 miles or so of our house. I don’t see it as an issue. If she is ever taking an out of town trip for any reason she can always swap cars with my wife or me. Are the charging stations ...
by Jack FFR1846
Fri Dec 01, 2017 6:40 pm
Forum: Investing - Theory, News & General
Topic: BH philosophy on restricted stock units and employee stock purchase program?
Replies: 27
Views: 1267

Re: BH philosophy on restricted stock units and employee stock purchase program?

I can specify to sell at vest in my eTrade account that our company uses for RSUs. That's what I do and then take the cash out as soon as possible. Hold the employee stock for a year? I'd absolutely pass. Our ESPP buy was 2 weeks ago. I just looked and right now, our company stock is down 10.4% from...
by Jack FFR1846
Fri Dec 01, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: PSA: consider pre-paying your property taxes and January mortgage payment
Replies: 21
Views: 2620

Re: PSA: consider pre-paying your property taxes and January mortgage payment

Ask before you do, though. I attempted to squeeze the upcoming January property tax payment in before the end of December some years ago. They sent back the check saying that they don't have the official tax rate and payment approved by the state so a bill wasn't sent so they won't accept payment.
by Jack FFR1846
Fri Dec 01, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: The College Bubble - investment opportunities after the collapse?
Replies: 114
Views: 7660

Re: The College Bubble - investment opportunities after the collapse?

I can't argue. Son #1 is in private college getting his engineering degree. For son #2, it makes less sense because of his interests. We'll see going forward but we're already thinking it's going to be state college rather than private for son #2. Son #1's school already has all classes available as...
by Jack FFR1846
Fri Dec 01, 2017 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Have you moved to ETF's? Why or why not?
Replies: 33
Views: 2237

Re: Have you moved to ETF's? Why or why not?

I bought Schwab ETFs before they dropped their equivalent mutual funds to match the ER. They're the same to me and I really don't care which flavor they come in. Mutual fund? ETF? Catsup? Ketchup? All the same to me.
by Jack FFR1846
Fri Dec 01, 2017 2:40 pm
Forum: Personal Consumer Issues
Topic: For Musk, an Energy Feat the Size of a Football Field
Replies: 52
Views: 2117

Re: For Musk, an Energy Feat the Size of a Football Field

Recycling used batteries is simply a matter of infrastructure. According to Waste Management, it's a cost issue. Raw materials are cheaper than recycling old batteries so they're simply scrapped. If someone were paying to recycle them, sure, it can be done. https://waste-management-world.com/a/1-th...
by Jack FFR1846
Thu Nov 30, 2017 2:41 pm
Forum: Personal Consumer Issues
Topic: Safes
Replies: 31
Views: 2004

Re: Safes

My goal is to delay rather than necessarily defeat any burglary attempts ( How does a safe delay them? They don't need to unlock it while on the premises. They can take it with them. I would think that this would be bolted into concrete at least at the floor and rear wall. I have a much flimsier on...
by Jack FFR1846
Thu Nov 30, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 4567

Re: I Can "Afford" This Right? (New Car)

I think you can buy that 2 door, rear wheel drive Camry with your income. I would like to point out what I believe would be a far superior 2 door, rear wheel drive Camry that can easily be found for $75k used. That would be a Lotus Evora. The added bonus is that you don't have to settle for the Buic...
by Jack FFR1846
Thu Nov 30, 2017 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Converting currency for the purposes of investing in the market?
Replies: 10
Views: 466

Re: Converting currency for the purposes of investing in the market?

Here's how I would look at it: I have no idea what the pound will do vs dollar or euro. I'd personally convert everything to pounds right now and as soon as it was usable, buy the investments that I want to buy. While I haven't had to convert currency, I have done this with RSUs and employee stock p...
by Jack FFR1846
Thu Nov 30, 2017 10:55 am
Forum: Personal Consumer Issues
Topic: Negotiating used car - Toyota Highlander
Replies: 32
Views: 1895

Re: Negotiating used car - Toyota Highlander

Some dealers are "Fixed price, no negotiation" dealers with used cars and that's set by the owners. In my area, I know that Car Max, and all Herb Chambers dealers and Metrowest Subaru are this way. BUT (that's a big but) They DO lower prices with time. You can watch any used car at car max and at an...
by Jack FFR1846
Thu Nov 30, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: For a Friend: Keep beach home or sell? How to invest the rest.
Replies: 9
Views: 980

Re: For a Friend: Keep beach home or sell? How to invest the rest.

What else is in their lives? Do they have kids in school? Kids in college? Ties to their current community? If they have no kids at home, sell the home, live in the beach home, pay off all mortgages, put money into 3 fund and retire right now. With kids or strong community ties, different answers wo...
by Jack FFR1846
Wed Nov 29, 2017 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Liquidating Lending Club
Replies: 8
Views: 847

Re: Liquidating Lending Club

Started selling maybe 9 months ago. Started at 1% over, then 0.5 then even then 0.5% loss then 1% loss and all went. I could have just kept everything as I was always more than 10% gain a year. Most were "A" loans. I was opposite MMM's portfolio. Zero write offs. Couple late payments.
by Jack FFR1846
Wed Nov 29, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Is this market timing?
Replies: 8
Views: 552

Re: Is this market timing?

I don't think it's a problem at all. As you draw down on equities, you move more and more conservatively. The fact that you're not precisely moving to some point at some point in time doesn't bother me. I'll probably do something similar when I retire. I currently let my international equity "float"...
by Jack FFR1846
Wed Nov 29, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9299

Re: Why should I donate to my alma matter?

I graduated from 3 colleges. One is state funded, one is private and my son currently attends and one is an out of state, state college where my employer paid full boat, out of state grad tuition for me to go. Only the one my son attends asks me for money. When they call, I'll point out that they gi...
by Jack FFR1846
Wed Nov 29, 2017 1:58 pm
Forum: Personal Consumer Issues
Topic: Scammed by Enterprise Car Rental
Replies: 35
Views: 4190

Re: Scammed by Enterprise Car Rental

-Your state insurance commissioner
-Your state attorney General

If you were in my state (Mass), the above would absolutely get you your money back.
by Jack FFR1846
Wed Nov 29, 2017 12:46 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 7066

Re: Does it make sense to drop health insurance?

"My question is: Is my family at the point where it is rational to forego coverage?" Have you priced a catastrophic plan that would protect you on the very high side of medical costs? That's the question I'd have. We could pay the $150 office visits and $900 every 3 month insulin pump supplies, but...
by Jack FFR1846
Wed Nov 29, 2017 11:09 am
Forum: Investing - Help with Personal Investments
Topic: ETFs at Vanguard, Fidelity, or Schwab?
Replies: 3
Views: 242

Re: ETFs at Vanguard, Fidelity, or Schwab?

I have all of those accounts. Personally, I'd put it all into Schwab and buy SCHB.