Search found 7153 matches

by Jack FFR1846
Wed Jul 18, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: $500k Term Life- get new policy?
Replies: 6
Views: 228

Re: $500k Term Life- get new policy?

mhc wrote:
Wed Jul 18, 2018 9:40 am
I would drop the insurance. Why do you think you need it?
^this

With the numbers you provided, you don't need insurance at all. If you walk out your door and are hit by a train, your family is going to be able to buy a Maserati and live forever......and even pay for the upkeep on the Maserati.
by Jack FFR1846
Wed Jul 18, 2018 9:13 am
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 28
Views: 878

Re: How do you handle the urge to DO something?

You'll do fine. If you find that you really, really want to go making changes, come on over to my house on a weekend. This past winter, we got a lot of storm damaged trees that came down, so I need to clean up the brush and cut up the firewood. I have 2 chain saws, so I'll keep you busy.

:D
by Jack FFR1846
Wed Jul 18, 2018 8:54 am
Forum: Investing - Theory, News & General
Topic: The other side of stock buybacks
Replies: 4
Views: 425

Re: The other side of stock buybacks

"God forbid you give it back in the form of a dividend," he said. "While it may not be the most tax efficient, at least with dividends you let the shareholder decide what to do with the money." This made me laugh-like the shareholder is somehow prevented from selling shares to achieve the same goal...
by Jack FFR1846
Wed Jul 18, 2018 8:50 am
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 28
Views: 878

Re: How do you handle the urge to DO something?

Resist the urge? What urge? It ain't my birthday, so it's not time to rebalance. What is this thing that you're afraid of doing? Maybe you need a hobby.
by Jack FFR1846
Wed Jul 18, 2018 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Anyone have experience with Redneck bank?
Replies: 6
Views: 737

Re: Anyone have experience with Redneck bank?

I opened a Redneck account maybe a year and a half ago after seeing another Boglehead discuss their higher rates. I've got $35k in there (the max they pay 2% on) and interest is paid on the 20th, so will pull out the interest then. They have sort of an increasing transfer amount limit. I believe rig...
by Jack FFR1846
Wed Jul 18, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Selling mom's house
Replies: 10
Views: 572

Re: Selling mom's house

I'm sure a lawyer can force a sale of the house (I forget the legal term). If you don't want to go through this mess and just want out, stop paying anything. Likely, your sister will not pay taxes, insurance, upkeep and soon figure out that having a free house doesn't actually mean it's free. It'll ...
by Jack FFR1846
Wed Jul 18, 2018 6:25 am
Forum: Personal Consumer Issues
Topic: 35 minute connection for flight, long enough?
Replies: 43
Views: 1555

Re: 35 minute connection for flight, long enough?

My wife and I are leaning to flying into ORD with a direct flight instead and driving two hours instead of flying into MKE and driving one hour. ORD: The terminating point of all on time flights. I had to laugh, thinking that O'Hare would be spoken along with reducing risk or avoiding missed flight...
by Jack FFR1846
Wed Jul 18, 2018 6:18 am
Forum: Investing - Theory, News & General
Topic: New Vanguard Security Code Requirement
Replies: 39
Views: 2720

Re: New Vanguard Security Code Requirement

This thread made me curious so I logged into Vanguard. Instead of the annoying first screen telling me I can link my bank account (not interested), it instead has an annoying screen asking if I want additional security. Just like before, I clicked through to my account and ignored it. Seems the same...
by Jack FFR1846
Tue Jul 17, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: US citizen living in the US -- remote work for German company. Taxes? Currency? Invoicing? Benefits?
Replies: 5
Views: 548

Re: US citizen living in the US -- remote work for German company. Taxes? Currency? Invoicing? Benefits?

EE friends of mine who have worked as contractors for a while have told me to simply double what you would have made as a W2 employee to be at the same level. With the added complications of a foreign currency, tax issues and unknowns, I think I'd go 250%. Otherwise, I'd tell them no.
by Jack FFR1846
Tue Jul 17, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Wills
Replies: 29
Views: 1253

Re: Wills

The biggest hurdle for us (and the reason we waited so long), was deciding who we wanted to become guardians for our children. This has always been our problem and the reason, to this day that we don't have a will. Our youngest turns 18 in 2 months, so I'm actually completely happy with how our sta...
by Jack FFR1846
Tue Jul 17, 2018 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Planning for housing
Replies: 3
Views: 284

Re: Planning for housing

20% isn't just to get the best interest rates. It's to avoid having to pay PMI. I've always put down at least 20% and bought less house while friends have put down as little as 5% and have paid PMI at an amount high enough to afford a very nice car lease.
by Jack FFR1846
Tue Jul 17, 2018 11:29 am
Forum: Investing - Theory, News & General
Topic: Why age is not how to determine risk tolerance
Replies: 12
Views: 1090

Re: Why age is not how to determine risk tolerance

If you have to withdraw money to pay living expenses (for instance, losing your job), those losses can become permanent. This is why you hold an emergency fund that is not in any way connected with the market. When some crash occurs, your risk based asset allocation keeps your invested funds safe b...
by Jack FFR1846
Tue Jul 17, 2018 11:00 am
Forum: Personal Consumer Issues
Topic: Water leaking from skylight window - Roofer cannot find cause!
Replies: 10
Views: 586

Re: Water leaking from skylight window - Roofer cannot find cause!

Good luck. All the roofers I've used seemed less than clueless. Now, if a skylight leaks, I have it removed and made into a solid roof.
by Jack FFR1846
Tue Jul 17, 2018 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Small windfall, no debt, where to put it? [USA]
Replies: 10
Views: 601

Re: Small windfall, no debt, where to put it? [USA]

Roths
401k's
car
mortgage


There ya go. More than enough investment opportunity. This should not be hard. You do understand that even beyond the match, the 401k is reducing your taxes, right?
by Jack FFR1846
Mon Jul 16, 2018 12:53 pm
Forum: Personal Consumer Issues
Topic: kayaking!
Replies: 17
Views: 1403

Re: kayaking!

I've got a couple of perceptions. From memory, a 16 foot and an 18 foot. They're very stable and pretty forgiving. We use them on a lake. I do find that if I'm in the middle of the lake with a good wind, they are nearly impossible to keep cross wind (the wind steers you to where it wants you to go)....
by Jack FFR1846
Mon Jul 16, 2018 12:21 pm
Forum: Personal Consumer Issues
Topic: TripAdvisor "Points" & "Levels" ?
Replies: 8
Views: 575

Re: TripAdvisor "Points" & "Levels" ?

So this is the same incentive that teenagers have to add every pedophile on facebook.....to have as many "friends" as possible?
by Jack FFR1846
Mon Jul 16, 2018 12:17 pm
Forum: Personal Consumer Issues
Topic: Heart Rate Monitors Fitbit vs. Garmin
Replies: 23
Views: 1286

Re: HR Monitors Fitbit vs. Garmin

Earl Lemongrab wrote:
Mon Jul 16, 2018 11:07 am
To me, "HR" means "Human Resources". So the thought that they were monitoring your Fitbit seemed a tad intrusive.
I thought exactly the same thing and was thinking "keep away from fitbits and GPS devices".
by Jack FFR1846
Mon Jul 16, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Home Equity Loan: anyone have experience?
Replies: 7
Views: 551

Re: Home Equity Loan: anyone have experience?

I don't know what the reason for the OP's HOL is, but I can tell you about our HELOC. No fees or costs whatsoever. We received a check book and use it whenever we want, then make payments per schedule. This is through our credit union. I actually forget how long it goes, but it's been open for 22 ye...
by Jack FFR1846
Mon Jul 16, 2018 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Investing in oil?
Replies: 13
Views: 874

Re: Investing in oil?

Do you plan to store the 100 barrels in your garage? 8-) This is called speculation and is a sure way to throw away your money. Buy some more index funds. They likely contain companies who professionally store oil in their own garages. I hear the CEO is paid based on how many barrels he can store in...
by Jack FFR1846
Mon Jul 16, 2018 10:07 am
Forum: Personal Consumer Issues
Topic: Tesla Insurance Question and how to get out of the deposit
Replies: 14
Views: 1628

Re: Tesla Insurance Question and how to get out of the deposit

There absolutely IS a way to exclude people on a car. You and the excluded person both have to sign a form to exclude the driver from the car. Each excluded person has to fill out a separate form. I've done this many times because.....who wants a 17 year old on a policy for a Lotus? Here's the clear...
by Jack FFR1846
Mon Jul 16, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Are Credit Cards Actually Convenient?
Replies: 65
Views: 3611

Re: Are Credit Cards Actually Convenient?

I remember an incident where I had a new card and was putting money into the Target prepaid Amex (Redbird). This was a manufactured spending play, but in any case, I found that if I attempted to put in a round number ($100, $200), it would decline, shut down and flag for fraud. But if instead, I put...
by Jack FFR1846
Mon Jul 16, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: Have you ever purchased a pricy musical instrument?
Replies: 63
Views: 2514

Re: Have you ever purchased a pricy musical instrument?

When I picked guitar playing up again, I started with a nice, used acoustic, then an electric to go along with my old '69 Guild. As I played more, got in a band, I bought better instruments, usually selling the lower level ones. As most were craigslist buys, I could actually make a little money on e...
by Jack FFR1846
Mon Jul 16, 2018 9:02 am
Forum: Investing - Theory, News & General
Topic: Is rebalancing an advantage when holding a 3 fund portfolio instead of 2 or 1 fund portfolio?
Replies: 17
Views: 801

Re: Is rebalancing an advantage when holding a 3 fund portfolio instead of 2 or 1 fund portfolio?

Asset allocation isn't based on "feels" and isn't based on market conditions. A logical way to determine AA is to figure out how many years you've got until retirement and then set up your AA to give you equity to capture gain over those years, bonds to level out the variations and international to ...
by Jack FFR1846
Mon Jul 16, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Advice for young colleague please
Replies: 25
Views: 1825

Re: Advice for young colleague please

When you say that her employer contributes 5% to her 401k, is this whether she contributes or not? If she would have to contribute to get this, then she should contribute to the match (5%, I assume) to get the 100% gain, which trumps any debt payment.
by Jack FFR1846
Sun Jul 15, 2018 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 95
Views: 4947

Re: Anyone not have a Budget?

No budget ever.

My wife and I both paid our own way through college and once out and working, continued to live like students for years. We lived so far below our means, we didn't really need to budget. It was more of a matter of "what do we do with all this extra money?".
by Jack FFR1846
Sun Jul 15, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Are Credit Cards Actually Convenient?
Replies: 65
Views: 3611

Re: Are Credit Cards Actually Convenient?

Credit card companies figure out your normal pattern of spending. If you're doing nothing but buying at the local Wal Mart, the new spending could trigger a potential fraud alert. My advice to avoid this.....use the credit card for absolutely everything. For gas and restaurants and grocery store and...
by Jack FFR1846
Sun Jul 15, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: How often do you buy a primary residence?
Replies: 46
Views: 3686

Re: How often do you buy a primary residence?

In my region, super traditional sell the best. New houses are built to look 200 years old and actual 200 year old houses that are updated inside bring even more. Moving because a house is out of style is the silliest thing I've heard in a long time. We bought our first house just out of college. Bou...
by Jack FFR1846
Fri Jul 13, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Project - Where to park cashback rewards to accumulate and grow?
Replies: 13
Views: 1012

Re: Project - Where to park cashback rewards to accumulate and grow?

I don't understand why you haven't used this cash back all along to either pay off your statement balance or transfer it into your bank account and use it for regular payments. When I have cash available, it gets put to use. Transferred 13 cents from my cap one account today into my checking account.
by Jack FFR1846
Fri Jul 13, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Logging out 20 acre lot?
Replies: 37
Views: 2456

Re: Logging out 20 acre lot?

I'm not suggesting leasing to a hunter. I'm suggesting selling to a hunter. A hunter will give you the highest price if it's not valuable for development, but decent wildlife habitat. There are real estate brokers that specialize in marketing hunting properties. https://www.whitetailproperties.com/...
by Jack FFR1846
Fri Jul 13, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Logging out 20 acre lot?
Replies: 37
Views: 2456

Re: Logging out 20 acre lot?

I'm not suggesting leasing to a hunter. I'm suggesting selling to a hunter. A hunter will give you the highest price if it's not valuable for development, but decent wildlife habitat. There are real estate brokers that specialize in marketing hunting properties. https://www.whitetailproperties.com/...
by Jack FFR1846
Fri Jul 13, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Logging out 20 acre lot?
Replies: 37
Views: 2456

Re: Logging out 20 acre lot?

I forest manage my own property for firewood production. First, easy, free step is to call lumber mills local to the property and ask in general what they're paying. For a local place, you could likely tell them where the property is and they're going to have enough info to give you a ball park answ...
by Jack FFR1846
Fri Jul 13, 2018 12:35 pm
Forum: Personal Consumer Issues
Topic: Do insurance agents add value? How?
Replies: 24
Views: 1437

Re: Do insurance agents add value? How?

If you expect a call from an agent when a bill is due, perhaps have that conversation with your agent. I know with my insurance (through an Independent Agent), I have the choice with every policy to pay in any of 3 ways: 1) In full annually. (agent would not be involved in monitoring) 2) By payment ...
by Jack FFR1846
Fri Jul 13, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: ESPP Purchase/Sale Specifics
Replies: 6
Views: 279

Re: ESPP Purchase/Sale Specifics

Etrade has a future elections page. You can select immediate sale or with hold shares for taxes. Both of these will immediately sell the shares upon vest at the earliest possible time. They'll then take about 4 business days to settle and at that point, you can transfer the money to your own bank ac...
by Jack FFR1846
Fri Jul 13, 2018 9:48 am
Forum: Investing - Help with Personal Investments
Topic: One Fund During Retirement?
Replies: 10
Views: 789

Re: One Fund During Retirement?

"Managing" a 3 fund in retirement is no harder than having a single fund and collecting dividends. When you need some money, sell some of the 3 fund. Cash the check. Enter the amounts on your excel spread sheet which calculates your new AA. If something has too much, next time you sell some, sell wh...
by Jack FFR1846
Fri Jul 13, 2018 8:41 am
Forum: Personal Consumer Issues
Topic: 2011 Honda was with 6 differential flushes?
Replies: 13
Views: 1106

Re: 2011 Honda was with 6 differential flushes?

There may be a completely separate maintenance manual. It's been a while since I owned a new Honda.
by Jack FFR1846
Fri Jul 13, 2018 8:34 am
Forum: Personal Consumer Issues
Topic: 2011 Honda was with 6 differential flushes?
Replies: 13
Views: 1106

Re: 2011 Honda was with 6 differential flushes?

Where did the vehicle reside? I know a guy who worked in Manhattan and brought his car in every work day to get his oil changed. Why? It was cheaper than what parking cost. So you can assume that the rear diff is in great shape. The previous owner was taken advantage of, yes, but keeping fresh fluid...
by Jack FFR1846
Fri Jul 13, 2018 7:46 am
Forum: Personal Consumer Issues
Topic: Someone is using my cellphone number
Replies: 21
Views: 2771

Re: Someone is using my cellphone number

As I see it, you're now notified when someone who mis-typed in their phone number buys something at Best Buy. As mentioned, block the number and move on.
by Jack FFR1846
Fri Jul 13, 2018 7:44 am
Forum: Personal Consumer Issues
Topic: Buying Used Honda/Toyota -- How old is too old?
Replies: 16
Views: 1152

Re: Buying Used Honda/Toyota -- How old is too old?

Why a CRV? At $13k, you're squarely in brand new Ford Focus range when incentives are high and easily in 1-2 year old Focus range. Manual, of course. There are the really small cars....Mirage, Fiesta, etc that can be easily found new in your budget without even negotiating. To directly answer your q...
by Jack FFR1846
Thu Jul 12, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: stock trading fee at fidelity and vanguard
Replies: 11
Views: 1108

Re: stock trading fee at fidelity and vanguard

Schwab also has $4.95 stock trade fees.
by Jack FFR1846
Thu Jul 12, 2018 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: What's your *real* asset allocation?
Replies: 30
Views: 3039

Re: What's your *real* asset allocation?

I include all invested assets including savings bonds. My allocation target and real are very close to the same. Within a percent or 2, moving with markets.

The house? No. That's where I live. It isn't a retirement investment.
by Jack FFR1846
Thu Jul 12, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: New construction: financing fell through, builder won't return deposit/earnest $
Replies: 37
Views: 3335

Re: New construction: financing fell through, builder won't return deposit/earnest $

Sell the house. If it's not selling, it's because you've priced it too high. Price it appropriately and it's going to sell. Then get your house built. I don't see where the builder owes you a dime back. Ok, you may wish to return to the home someday. Well, I'd like to buy a Lamborghini Aventador. If...
by Jack FFR1846
Thu Jul 12, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: Auto Tariffs: time to buy?
Replies: 63
Views: 3602

Re: Auto Tariffs: time to buy?

Before pointing at a washing machine, realize that prices on these things move all over all the time. My son used to work at Best Buy, where these things are sold. Prices on every single item in the store are changed every single day. So the $500 washing machine 2 months ago that's $700 today could ...
by Jack FFR1846
Thu Jul 12, 2018 12:20 pm
Forum: Personal Consumer Issues
Topic: Suit Alterations - chain vs local tailor
Replies: 16
Views: 1132

Re: Suit Alterations - chain vs local tailor

Call your local tailor and ask his cost. He will know what's needed for your suit as it's standard issue. I've done both and found no difference in result or cost. I found that my local tailor also was very good with information. He told me which suits are good for easily tailoring and which were no...
by Jack FFR1846
Thu Jul 12, 2018 10:18 am
Forum: Personal Consumer Issues
Topic: Which degree to pursue?
Replies: 16
Views: 1156

Re: Which degree to pursue?

Six Sigma and other related process improvement programs have been around for years, but I think the interest level comes in waves. My former MegaCorp employer had a whole group of people dedicated to the program, rolling out related activities and projects to manufacturing sites globally, and trai...
by Jack FFR1846
Thu Jul 12, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: Auto Tariffs: time to buy?
Replies: 63
Views: 3602

Re: Auto Tariffs: time to buy?

Interesting quote from the article: For a given 20 people employed by the U.S. auto industry, about four work directly at automakers. About seven work at suppliers, but the biggest chunk — roughly nine — work at new-car dealerships. This tells me that the biggest block of US workers (9/20) work for ...
by Jack FFR1846
Thu Jul 12, 2018 9:40 am
Forum: Personal Consumer Issues
Topic: Which degree to pursue?
Replies: 16
Views: 1156

Re: Which degree to pursue?

Optimizing processes?

Six sigma courses. The 1 week course I took focused on this. I had taken a 2 week course years ago and it had a somewhat different focus.
by Jack FFR1846
Thu Jul 12, 2018 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Dividing investments across Fidelity/Vanguard
Replies: 7
Views: 737

Re: Dividing investments across Fidelity/Vanguard

If it were me, I'd buy all 3 funds in the IRA and only total stock in taxable (which is actually what I do).

Any rebalancing is done within the IRA. If the taxable account gets too big, reconsider.
by Jack FFR1846
Thu Jul 12, 2018 8:27 am
Forum: Personal Consumer Issues
Topic: Is expensive olive oil worth it?
Replies: 59
Views: 5349

Re: Is expensive olive oil worth it?

What tastes better to you? To me, I absolutely hate the stronger taste of expensive olive oils. I use it for everything from the omlet I make every single morning to the single dressing for salad. I only buy the absolute cheapest, lightest oil I can find. That's my taste. Doesn't mean you don't like...
by Jack FFR1846
Thu Jul 12, 2018 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Preparing non-technocrat spouse $ Mgmt
Replies: 25
Views: 2123

Re: Preparing non-technocrat spouse $ Mgmt

My instructions list where all investments are.

The instructions say to take RMDs from any IRA and also take RMDs from any 401k.

Beyond that, take money from any account you feel like taking it from. Let all investments ride where they are.
by Jack FFR1846
Thu Jul 12, 2018 7:41 am
Forum: Personal Consumer Issues
Topic: Trade War: time for Mac Upgrade?
Replies: 34
Views: 2886

Re: Trade War: time for Mac Upgrade?

Have you considered a less expensive option? A windows laptop instead of something from Apple? My observations have been that you can choose between an equivalent machine for 1/3 the price or by spending the same money as an Apple product, you can get a raging, gaming machine capable of running NASA...