Search found 4648 matches

by Jack FFR1846
Wed Apr 26, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: EE savings bond complications (owned by parent with dementia, paper, no beneficiary)
Replies: 4
Views: 238

Re: EE savings bond complications (owned by parent with dementia, paper, no beneficiary)

When my dad died, he had a couple of electronic bonds in his name with each of my sons as beneficiary. My mom sent in the proper forms (I don't know what they were) and then confirmed that proper forms were sent. She then spent 3 hours on the phone with treasury direct, then conferenced me in as the...
by Jack FFR1846
Wed Apr 26, 2017 1:02 pm
Forum: Investing - Theory, News & General
Topic: What is your overall portfolio weighted expense ratio
Replies: 170
Views: 11787

Re: What is your overall portfolio weighted expense ratio

0.050. My 401k is very small but at Fidelity with a match and no added fees. All in a Fido S&P 500 fund at 0.04%. So at the beginning of the year, my wife's old 401k, for the first time added a management fee. So in minutes, that has been rolled over to her Fidelity IRA, changing the fund from ...
by Jack FFR1846
Wed Apr 26, 2017 12:48 pm
Forum: Personal Consumer Issues
Topic: Porsche Lease
Replies: 19
Views: 863

Re: Porsche Lease

The Boxster is fairly user friendly. Why not just sell the TL and buy it. No worry about putting miles on it. No extra expense of insurance and taxes for 2 cars.

(I had a Lotus Elise which would probably fit in the trunk of a Boxster)
by Jack FFR1846
Wed Apr 26, 2017 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Sitting mostly in cash. Please help.
Replies: 13
Views: 1010

Re: Sitting mostly in cash. Please help.

You have to decide if you're going to invest or not and just do it. People have been saying "Oh, the market is so high, I'll wait for it to drop" since I started reading Bogleheads. Heck, for people who said that last week, the Dow is now up another 450 points! Do you believe that 20 years...
by Jack FFR1846
Wed Apr 26, 2017 10:13 am
Forum: Investing - Theory, News & General
Topic: Schwab Vs. Vanguard?
Replies: 11
Views: 957

Re: Schwab Vs. Vanguard?

I like my Schwab checking account but I prefer Vanguard for my investments. Schwab's index offerings are really quite slim. Are there funds that you actually want to use that are missing at Schwab? The way I look at it is that if they have the basic 3 funds I'm looking for, whether they have anothe...
by Jack FFR1846
Tue Apr 25, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Single Premium Immediate Annuity
Replies: 16
Views: 1254

Re: Single Premium Immediate Annuity

I was just reading through this and went to one of the quote websites and read some of their information. I came away thinking.....a DIA might be a way to shelter large amounts of money from consideration by FAFSA. Has anyone considered doing this? Yes....I know that once the money has been turned o...
by Jack FFR1846
Tue Apr 25, 2017 11:34 am
Forum: Personal Consumer Issues
Topic: Do you have a Billiards Table?
Replies: 5
Views: 784

Re: Do you have a Billiards Table?

A pool table came with the house. Been there since 92. At the moment, the cover is on and it's covered with junk. Every now and then, we uncover it and play. It badly needs attention to fix bolsters and such. I suppose we could just get rid of it but then where would we put the junk on top of it?
by Jack FFR1846
Tue Apr 25, 2017 9:35 am
Forum: Investing - Help with Personal Investments
Topic: One Fund? Really?
Replies: 29
Views: 2804

Re: One Fund? Really?

35% Fidelity Total Market Index Fund (FSTVX) ER= 0.45 0.045% or iShares Core S&P Total U.S. Stock Market ETF (ITOT) ER=0.03 35% Fidelity Total International Index Fund premium (FTIPX)ER=0.11 FSIVX 0.08% or iShares Core MSCI Total International Stock (IXUS) ER=0.11 30% Fidelity U.S. Bond...
by Jack FFR1846
Tue Apr 25, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: how much house can we afford? Boston area.
Replies: 50
Views: 3082

Re: how much house can we afford? Boston area.

panchilly, What city is your job actually in? As small as the Boston area is perceived to be, worldwide businesses with a branch anywhere in Massachusetts tends to call their office "the Boston office". I work in a small sales office in Westborough (outside 495) and we call ourselves the B...
by Jack FFR1846
Tue Apr 25, 2017 7:51 am
Forum: Personal Consumer Issues
Topic: Car troubles?
Replies: 18
Views: 1019

Re: Car troubles?

1) Replace Serpentine Belt 2) Replace Spark Plug 3) Reseat Valves 4) Brake pad/rotor resurfacing - he says is 80% worn out and has depth of 3 mm. What year CRV? Older ones had timing belts. Newer ones have timing chains. If older with a belt, that is far more important to replace than anything on y...
by Jack FFR1846
Mon Apr 24, 2017 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Would You Buy This Home? Please Tell Me Why Not?
Replies: 22
Views: 3154

Re: Would You Buy This Home? Please Tell Me Why Not?

You could certainly double check with a civil engineer or I guess a contractor familiar with structure. But a shell sounds exactly how I had my garage built. 24x36 with no posts inside. As a simple explanation, the roof is trying to push the walls out so the rafters are sized to hold the walls from ...
by Jack FFR1846
Mon Apr 24, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Accidental landlord turning to for sale by owner
Replies: 29
Views: 2647

Re: Accidental landlord turning to for sale by owner

Also, has anyone ever set up a contract with a realtor with the agreement that if we sold it via word of mouth to friends/family/coworker or to a neighbor that we would not pay a commission. Obviously, if the realtor sold it then the commission would be paid? It was on the other end, but when the s...
by Jack FFR1846
Mon Apr 24, 2017 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Investing with Vanguard - need help
Replies: 10
Views: 675

Re: Investing with Vanguard - need help

Janet7262 wrote:I need to take my first RMD by the end of 2018...estimate $22K.


That sure sounds like a good problem to have!
by Jack FFR1846
Mon Apr 24, 2017 2:07 pm
Forum: Personal Consumer Issues
Topic: Major appliances - when would you buy/upgrade?
Replies: 20
Views: 801

Re: Major appliances - when would you buy/upgrade?

<real answer> ....when the wife insists that if we don't go this weekend and buy new machines, she's going to go and buy whatever she wants to. ( I was happy to make the washer spin cycle 6 times before putting in the dryer and taking apart the dryer every weekend to keep it running ) We bought a wa...
by Jack FFR1846
Mon Apr 24, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: TDAmeritrade Rollover Bonus
Replies: 3
Views: 324

Re: TDAmeritrade Rollover Bonus

No reason not to. When you get there, you can refer your spouse and when they open an account for (I think it's $1000), you get $200. Might be $3000....don't remember. Did brokerage and Roth between Schwab and TDA for my wife and don't remember which was which.
by Jack FFR1846
Mon Apr 24, 2017 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Best Place to Park Over $1m in Cash
Replies: 28
Views: 2459

Re: Best Place to Park Over $1m in Cash

What would I do personally? I guess I'd open a brokerage account at Fidelity or TDAmeritrade (whoever had the highest bonus for this amount of money) and put it into the funds that I plan to end up with. Sorry, DCA makes no sense to me. Either you want to invest the money or you don't. I have over $...
by Jack FFR1846
Mon Apr 24, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: [Should I get an advisor?]
Replies: 14
Views: 967

Re: [Should I get an advisor?]

Sorry, as an engineer, I'm wired to check out numbers. You say you have a 55/35% asset allocation. That's only 90%. Is the other 10% cash or is one of those numbers off? I can't get past this.
by Jack FFR1846
Mon Apr 24, 2017 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 111
Views: 7831

Re: Why is Real-Estate so Bad?

"If you invest in stocks you are investing in the value of that stock - for instance the value may go up 5-6% or it may go down, when you own that stock you don't get any benefit from it until you lock in your profits by selling that stock . Where'as when you buy real-estate , or any other bus...
by Jack FFR1846
Mon Apr 24, 2017 6:30 am
Forum: Personal Consumer Issues
Topic: Buying weekend home: suburbs or rural? (yard privacy important)
Replies: 24
Views: 2043

Re: Buying weekend home: suburbs or rural? (yard privacy important)

If you're buying in a new development, be very careful about the term "conservation land". We were looking at building a house in a new development and viewing the map, there were lots with big areas behind them labeled conservation land. I inquired whether the development owned the proper...
by Jack FFR1846
Sun Apr 23, 2017 7:44 pm
Forum: Personal Consumer Issues
Topic: If you are financially independent, how much monywould you bother to make?
Replies: 31
Views: 3425

Re: If you are financially independent, how much monywould you bother to make?

I look at offers like #1 as someone asking me "hey, do you want some free money?". I tend to say yes to that question and so long as the only hoops are amount of spend, I have no problem accepting.
by Jack FFR1846
Sat Apr 22, 2017 5:04 pm
Forum: Personal Consumer Issues
Topic: Strange cable wall jack in home. What is it? (pics included)
Replies: 18
Views: 3393

Re: Strange cable wall jack in home. What is it? (pics included)

Turbo Encabulator. So long as you don't break the variable reluctance tubes, you can do whatever you want with it including cutting all the wires.
by Jack FFR1846
Sat Apr 22, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Does mom need estate planning?
Replies: 12
Views: 919

Re: Does mom need estate planning?

If she left you the residence and rental property in a will instead of sharing ownership with you, wouldn't you get a stepped up basis? Also, she's only 60. Say she lives another 35 years. Won't things possibly change over that time?
by Jack FFR1846
Sat Apr 22, 2017 2:39 pm
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 51
Views: 3442

Re: Issue With Real Estate Agent (Seller)

I have never had my selling agent require that they be at the house for a showing. You want any agent who happens to drive by with a client to feel free to show the house. Not slow down the process by setting up an appointment with someone else so everyone can come at the same time. I can tell you a...
by Jack FFR1846
Sat Apr 22, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 70
Views: 7801

Re: Ally Bank - Savings Account Rate Increased!

Happy to see this. I currently keep money in Ally and Redneck (1.25%). I am happy to take an extra $5 on my money there. Easier than bringing 100 cans back for the deposit refund (which I will also do).
by Jack FFR1846
Sat Apr 22, 2017 8:23 am
Forum: Personal Consumer Issues
Topic: Moving... and U-haul trucks are expensive!
Replies: 25
Views: 2282

Re: Moving... and U-haul trucks are expensive!

This sounds like the perfect case where you should craigslist these few big items and just buy new ones when you get to the new location. A friend of mine moved from Massachusetts to Texas years ago and sold everything from his house to his goat and packed everything into his Volvo wagon and a small...
by Jack FFR1846
Sat Apr 22, 2017 8:18 am
Forum: Investing - Help with Personal Investments
Topic: 401K Expense Ratio
Replies: 7
Views: 795

Re: 401K Expense Ratio

Some good news about your high ER 401k is that you might find a better job, then you can roll that turd into your new 401k, if it's good or into your own IRA. My last job was like this. No match, high fees and a crappy, high stress job. With the new job, I had that 401k rolled over so fast, it would...
by Jack FFR1846
Fri Apr 21, 2017 5:41 pm
Forum: Personal Consumer Issues
Topic: Car Choices
Replies: 45
Views: 3387

Re: Car Choices

Winter is done. You can drain and flush the coolant out and put in just water. In the fall, trade the car in and of course let them know that it has water in it (you don't have to tell them why). This way, wherever the leak is coming from, he's only going to smell water. Perhaps it will become a lar...
by Jack FFR1846
Fri Apr 21, 2017 8:45 am
Forum: Personal Consumer Issues
Topic: Building your own fence
Replies: 35
Views: 2510

Re: Building your own fence

My wife and I put up a fence in front of our first house in response to neighborhood teenagers cutting through our lawn with their go karts and dirt bikes. The fence was delivered from the company as posts with the section between posts fully built. I dug holes, put in posts and sections while my wi...
by Jack FFR1846
Thu Apr 20, 2017 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: I will pay off mortgage at 40. What next?
Replies: 22
Views: 2555

Re: I will pay off mortgage at 40. What next?

Paid off the mortgage at 45 and was VERY averse to the stock market. Upped our 401k's a bit and back then, savings bonds were a viable option because we could buy paper bonds online using a credit card with a $30k per person max and 6 month wait period to cash. So all of our extra money went to that...
by Jack FFR1846
Thu Apr 20, 2017 2:29 pm
Forum: Personal Consumer Issues
Topic: What To Do With My Car While in NYC
Replies: 32
Views: 2755

Re: What To Do With My Car While in NYC

Just a little scenario..... Let's say a friend offers to let you keep your car in his garage while you're in NYC. After that year you come back to get it and find that it's provided a nice home for a family of mice who have built a nice home in the engine compartment be chewing wires and bringing th...
by Jack FFR1846
Thu Apr 20, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Opinions needed what would you do
Replies: 5
Views: 473

Re: Opinions needed what would you do

Best portfolio I've seen that I can remember.
by Jack FFR1846
Wed Apr 19, 2017 8:31 pm
Forum: Personal Consumer Issues
Topic: Selling classic car via consignment
Replies: 10
Views: 874

Re: Selling classic car via consignment

Not classic, but I consigned a relatively new Audi at a specialty company in Boston who seemed to market to rich foreign college students with tons of money but no US credit. They worked with a set price that I would receive rather than a percentage. So they could sell it for way more than the agree...
by Jack FFR1846
Wed Apr 19, 2017 2:41 pm
Forum: Personal Consumer Issues
Topic: Fidelity card 2% but NOT as statement credit
Replies: 27
Views: 2488

Fidelity card 2% but NOT as statement credit

For those like me who have both Fidelity and Citi double cash and think of both as their 2% cards, I learned something interesting today. I had decided that instead of putting the money into my son's 529, that I would instead take advantage of the statement credit. Going through the process, indeed ...
by Jack FFR1846
Wed Apr 19, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity ethics moving to Vanguard
Replies: 35
Views: 3803

Re: Fidelity ethics moving to Vanguard

Symbol Description FDRXX** FIDELITY GOVERNMENT CASH RESERVES AQMNX AQR MANAGED FUTURES FUND CL N DLTNX DOUBLELINE TOTAL RT BOND FD CL N EFG ISHARES TR EAFE GRWTH ETF EIGMX EATON VANCE GLOBAL MACRO ABSLTE RT CL I FAUDX STRATEGIC ADVISERS SHORT DURATION FUND FERGX FIDELITY SAI EMERG MARKETS INDEX FIO...
by Jack FFR1846
Wed Apr 19, 2017 1:48 pm
Forum: Personal Consumer Issues
Topic: Lower cost - older car minor body work?
Replies: 6
Views: 537

Re: Lower cost - older car minor body work?

If you just want it to be a 50 foot car, then sure. My father in law has often used these cut rate body guys over the years. From 50 feet, the car looks pretty good. From 49 feet, I see ripples, badly mismatched color, misalignment of panels and such. From 10 feet, I see rust starting where work was...
by Jack FFR1846
Wed Apr 19, 2017 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Advisor's Calculations Accurate re: VFINX v their Fund?
Replies: 13
Views: 1064

Re: Financial Advisor's Calculations Accurate re: VFINX v their Fund?

Does your father now have $500k to invest? Well, then, have him give that $500k to the adviser and ask that he invest it all in his magical fund on the first trading day of 2000.


If he can't do that, he's talking nonsense.
by Jack FFR1846
Wed Apr 19, 2017 12:17 pm
Forum: Personal Consumer Issues
Topic: Should I purchase Apple Care for my new Apple Watch?
Replies: 25
Views: 1693

Re: Should I purchase Apple Care for my new Apple Watch?

A Mac Pro we had at work, suddenly one day emitted a report like a small firecracker--with a literal puff of smoke--and died. Indeed common. My son's did this and melted the keyboard and mousepad among other things. The apple store was useless. Calling Apple on the phone yielded results, though. Th...
by Jack FFR1846
Wed Apr 19, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Bill received after Estate is closed
Replies: 55
Views: 4923

Re: Bill received after Estate is closed

The attorney should not expect you or any other beneficiaries to pay the bill. He should bill the estate. There is no estate? Well, that isn't your problem.
by Jack FFR1846
Wed Apr 19, 2017 10:10 am
Forum: Personal Consumer Issues
Topic: How to make best use of lunch with the company president/CEO?
Replies: 55
Views: 5108

Re: How to make best use of lunch with the company president/CEO?

Do you have access to the CEO's quarterly statements or if he presents to employees, a copy of that video? My company CEO does this in worldwide quarterly video that we get to see. From these, I'd focus on something talked about and ask for update, progress, further info about. For example (and this...
by Jack FFR1846
Wed Apr 19, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: To refinance or not?
Replies: 11
Views: 839

Re: To refinance or not?

I refinanced many times. Every single one was a zero cost refi. I would never do it any other way. Refi to save $12 a month at no cost to me? Sure. Pay $12 in application fee that's not refundable? Nope. That's just me. I rode the rates down, went from 30 to 15 with an even lower rate and paid more ...
by Jack FFR1846
Wed Apr 19, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - Collect While Working?
Replies: 13
Views: 1186

Re: Social Security - Collect While Working?

I believe the earnings penalty of collecting SS (before the age limit where there is no such penalty) really tips the scales against collecting early. The penalty can be very significant. It's easy enough to find what you would collect by checking your account on the social security website. I've t...
by Jack FFR1846
Wed Apr 19, 2017 9:09 am
Forum: Investing - Theory, News & General
Topic: Selling Mutual Fund shares - watch ETF prices at 3:45pm?
Replies: 19
Views: 1901

Re: Selling Mutual Fund shares - watch ETF prices at 3:45pm?

Don't play games. Games cost money. The purpose of investing isn't to spend money needlessly.
by Jack FFR1846
Wed Apr 19, 2017 6:36 am
Forum: Investing - Help with Personal Investments
Topic: Wife's Money - 50K - Her Advisor vs My DIY - Help
Replies: 67
Views: 5445

Re: Wife's Money - 50K - Her Advisor vs My DIY - Help

Does the adviser know you want to take the money out for vacation in 5 years? That's well within the "huge loss" period for insurance. This is considered short term money as would be an emergency fund. This is easy to advise. CD, iBond, high yield savings. That's it. Any other "invest...
by Jack FFR1846
Tue Apr 18, 2017 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed: Ibonds for College vs 529?
Replies: 6
Views: 791

Re: Advice needed: Ibonds for College vs 529?

Depending on wife's income, you may have some chance of financial aid. Is that something you are looking for? Since you'll be retired and at a lower income, you're smart to think about the bonds now and decide what to do with them. Obviously, you're familiar with FAFSA. In your case, assets are goin...
by Jack FFR1846
Tue Apr 18, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: What kind of stuff would you never DIY, assuming you could?
Replies: 75
Views: 5643

Re: What kind of stuff would you never DIY, assuming you could?

I don't do self surgery or heavy duty landscaping. Giving up the big landscaping jobs came after I assessed the time to do a big job around our house. I figured I could get it done over the summer if I worked after work till dark and every weekend sunlight hour. No thanks. Most of the other things m...
by Jack FFR1846
Tue Apr 18, 2017 12:48 pm
Forum: Personal Consumer Issues
Topic: Mens Blue Jeans - What are we buying now?!
Replies: 86
Views: 7674

Re: Mens Blue Jeans - What are we buying now?!

K-Mart: Wrangler relaxed fit jeans. Often $12 a pair. Or you can go to a fancy store and they'll be "on sale" for $42. I'm not one to discard stuff just because it's old. I still have a western looking kind of dress shirt that I bought when I was 20. I'm 60 now. It still fits and is in nic...
by Jack FFR1846
Tue Apr 18, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford private school for my kids?
Replies: 67
Views: 4948

Re: Can I afford private school for my kids?

I'm going to go on a limb.....(16 year old is in a private school similar to what you're looking at). Sure, you can. But you really need to cut expenses. My wife and I together make about what you do but we don't spend nearly $60k a year, including the school ($8.5k in our case). (I'm leaving our ot...
by Jack FFR1846
Tue Apr 18, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity ethics moving to Vanguard
Replies: 35
Views: 3803

Re: Fidelity ethics moving to Vanguard

I'm surprised about this but then again, I don't talk with human people when moving accounts for a bonus. I go online, fill in the required forms, scan in the signatures and watch the money show up in my account. I've moved about 8 accounts to Fidelity.

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