Search found 752 matches

by LarryAllen
Thu Dec 14, 2017 8:58 pm
Forum: Personal Consumer Issues
Topic: How to find a good realtor that negotiates well
Replies: 21
Views: 1219

Re: How to find a good realtor that negotiates well

Are you in a buyers market or sellers market where you are? In general, with sale comps and other listing prices being pretty transparent on the internet, there isn't much negotiating a realtor can do nowadays. I would say that is inaccurate. Every single transaction offers the ability for a good n...
by LarryAllen
Tue Dec 12, 2017 10:21 am
Forum: Personal Consumer Issues
Topic: NBA Tickets
Replies: 24
Views: 1326

Re: NBA Tickets

Some many scammers out there I would stay away from scalpers and CL. I would just do Stubhub the day of the game. Some cities have very low priced tickets on game day against a bad team. Don't be scared of scalping tickets...I've bought from scalpers all over the country for all sports and I've nev...
by LarryAllen
Tue Dec 12, 2017 10:19 am
Forum: Personal Consumer Issues
Topic: Cheap tablet just for internet surfing
Replies: 35
Views: 2744

Re: Cheap tablet just for internet surfing

Watty wrote:
Tue Dec 12, 2017 9:31 am
An inexpensive Chromebook would be another option to consider.

The screen would likely be bigger and having a keyboard would work better for sending emails.
+1
by LarryAllen
Tue Dec 12, 2017 9:37 am
Forum: Personal Consumer Issues
Topic: NBA Tickets
Replies: 24
Views: 1326

Re: NBA Tickets

Some many scammers out there I would stay away from scalpers and CL. I would just do Stubhub the day of the game. Some cities have very low priced tickets on game day against a bad team.
by LarryAllen
Mon Dec 11, 2017 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7521

Re: Done gone and did it [Retire]

Wooooo whoooooo! Party on!

Congrats and good luck!
by LarryAllen
Wed Dec 06, 2017 11:22 pm
Forum: Personal Consumer Issues
Topic: I received a speeding ticket via mail from IA - should I pay it?
Replies: 72
Views: 4887

Re: I received a speeding ticket via mail from IA - should I pay it?

I am not sure why there is any doubt on paying this. Man up and pay it.
by LarryAllen
Wed Dec 06, 2017 6:16 pm
Forum: Personal Consumer Issues
Topic: Vegas on a budget
Replies: 49
Views: 3645

Re: Vegas on a budget

It's not the cheapest but El Dorado Cantina is the best Mexican place. Funky location but well worth the awkwardness of the location. There is nothing cheap and decent near the strip. Lots of deals downtown but I personally don't like downtown. Secret Pizza at the Cosmo is sort of fun for a quick sl...
by LarryAllen
Mon Dec 04, 2017 11:10 am
Forum: Investing - Theory, News & General
Topic: What did you do right?
Replies: 96
Views: 9415

Re: What did you do right?

Good: Married well (like minded in most areas and flexible in the areas we aren't like minded); Have always sent a few extra bucks to the mortgage company (generally 5-20% of mortgage payment); Have maxed out IRAs, 401ks, or other options every year I have worked; Started 529 accounts within months ...
by LarryAllen
Mon Dec 04, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance when assets mainly in trusts
Replies: 34
Views: 1647

Re: Umbrella insurance when assets mainly in trusts

No matter what kind of trusts, LLCs, etc... one has they should always have an umbrella policy. What about protecting income? An umbrella is too cheap not too have.
by LarryAllen
Fri Dec 01, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 4607

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

I would wait a month. If you still really want it go shopping Dec 30/31. They really do give better deals at year end in my experience.
by LarryAllen
Thu Nov 30, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 147
Views: 15211

Re: A good friend has nearly $1M in BitCoin what do I tell him?

I have a very good friend in similar position. His investment was probably $50k and now probably $1.5m. Bit and other cryptos. I have suggested he take some off the table but ultimately it's his game. He follows it carefully. Has sold one coin to buy a different but, for the most part, has let it ri...
by LarryAllen
Wed Nov 29, 2017 10:09 pm
Forum: Personal Consumer Issues
Topic: Best strategy for selling cell phone on Ebay?
Replies: 33
Views: 1816

Re: Best strategy for selling cell phone on Ebay?

I have sold phones on Ebay and had no problems. If you don't have a fair amount of feedback though I wouldn't sell it. You need to look like a reputable seller. I usually do free postage for something small like that like since you can mail it pretty cheap. Or do flat $5 which would cover most of th...
by LarryAllen
Wed Nov 29, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: When to tell the SO about my financial situation?
Replies: 109
Views: 5478

Re: When to tell the SO about my financial situation?

If anything I would significantly under estimate what you have. Basically factor in the next market correction whenever you do tell her. However, no rush.
by LarryAllen
Tue Nov 28, 2017 5:46 pm
Forum: Personal Consumer Issues
Topic: Etiquette question: going out to dinner with friends and how to split the bill
Replies: 86
Views: 5274

Re: Etiquette question: going out to dinner with friends and how to split the bill

I feel funny splitting the bill so I usually just try to pick it up. I pay more than my share over the long haul but whatever life is too short. That's just me. My wife prefers splitting the bill and does so if I am not there. Lol.
by LarryAllen
Tue Nov 28, 2017 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 8612

Re: Can I afford a $1,400,000 house

I am confused on income. What do you each make now including bonuses? Right now $330k + $56K. In 8 months spuose's income goes to 320k + bonus I would say you don't make enough. I would save more. I think you will be house poor. Really? The mortgage payment is high but collectively they'll make 650...
by LarryAllen
Mon Nov 27, 2017 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 8612

Re: Can I afford a $1,400,000 house

anon1212 wrote:
Mon Nov 27, 2017 8:20 pm
LarryAllen wrote:
Mon Nov 27, 2017 7:56 pm
I am confused on income. What do you each make now including bonuses?
Right now $330k + $56K.
In 8 months spuose's income goes to 320k + bonus
I would say you don't make enough. I would save more. I think you will be house poor.
by LarryAllen
Mon Nov 27, 2017 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 8612

Re: Can I afford a $1,400,000 house

I am confused on income. What do you each make now including bonuses?
by LarryAllen
Mon Nov 27, 2017 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Inheriting a large sum, slightly intimidated.
Replies: 51
Views: 5149

Re: Inheriting a large sum, slightly intimidated.

You are so smart to be here asking questions. My #1 bit of advice is worry more about your spending and by that I mean do not change a thing. Live on your income. You'll be able to retire young. You will be very set between this nest egg and your police pension. I am envious. Beyond that a nice mix ...
by LarryAllen
Mon Nov 27, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Amend 2015 taxes based on a new K-1 two years later?
Replies: 35
Views: 1784

Re: Amend 2015 taxes based on a new K-1 two years later?

The $7,500 should have been tax free. The only time the whole inheritance might be subject to tax is when it comes out of an IRA or something but in those cases the financial company would have sent the K1 I should think!? Was this IRA money paid to the estate? In 99% of inheritance cases the inheri...
by LarryAllen
Sun Nov 26, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17417

Re: The fallacy of spending money on "experiences" vs hard assets

Imo, Good misconception on the original post. Try spending 3 weeks in italy or spain or thailand and see how your perspective of life changes. Your vacation or experience spending never returns a negative yeild, whereas some of your hard assets like stocks, real estate can crash and be pennies on t...
by LarryAllen
Sun Nov 26, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17417

Re: The fallacy of spending money on "experiences" vs hard assets

Obviously we are all different but for me it's experiences all the way. I am glad the media has hyped this up as I don't feel as bad for how much we spend on travel now. I have had very expensive sports cars but rarely got that "wow, I feel so excited every time I get behind the wheel" feeling. For ...
by LarryAllen
Fri Nov 24, 2017 11:00 pm
Forum: Personal Consumer Issues
Topic: Etiquette question: Paying for meals out & out of town guests
Replies: 79
Views: 5563

Re: Etiquette question: Paying for meals out & out of town guests

We had similar but the out of town guests didn't reach for their wallets even so you got it good! Lol.
by LarryAllen
Fri Nov 24, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: if you could use only 1 investment firm...
Replies: 79
Views: 4899

Re: if you could use only 1 investment firm...

Merrill. I have been most impressed by them at all levels and the Bank of America connection allows for seamless banking. Not good if you like trading stocks as the fees are high. However, for buy and hold it's great All you need is 50k in assets to get 30 trades/month and 100k gets you 100/month. ...
by LarryAllen
Fri Nov 24, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Lynch wants personal info--How to deal
Replies: 33
Views: 3310

Re: Merrill Lynch wants personal info--How to deal

I would just check boxes and not worry about it. The odds are nobody will ever look at it.
by LarryAllen
Fri Nov 24, 2017 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Help with estate planning
Replies: 21
Views: 2158

Re: Help with estate planning

Certainly you need to follow up on bsteiner's advice and look for evidence that additional estate planning is already in place. Absent other options I think disclaiming all, or a good portion of, the IRA is a good idea. I would be inclined to disclaim the entire amount. If there isn't a disclaimer ...
by LarryAllen
Fri Nov 24, 2017 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: if you could use only 1 investment firm...
Replies: 79
Views: 4899

Re: if you could use only 1 investment firm...

Merrill. I have been most impressed by them at all levels and the Bank of America connection allows for seamless banking. Not good if you like trading stocks as the fees are high. However, for buy and hold it's great in my experience. Been unimpressed with TD. Also have an account at Schwab and been...
by LarryAllen
Fri Nov 24, 2017 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: if you could use only 1 investment firm...
Replies: 79
Views: 4899

Re: if you could use only 1 investment firm...

Merrill. I have been most impressed by them at all levels and the Bank of America connection allows for seamless banking. Not good if you like trading stocks as the fees are high. However, for buy and hold it's great
by LarryAllen
Fri Nov 24, 2017 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Help with estate planning
Replies: 21
Views: 2158

Re: Help with estate planning

Make sure the CPA gets the 706 estate tax return filed timely (within 9 months of death). Making the portability election is huge of course. Everything else pales comparatively in importance right now. Plus, maybe it would be wise for mom to disclaims some assets and let it flow right to kids to get...
by LarryAllen
Thu Nov 23, 2017 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Returns - How Long Do you Keep?
Replies: 56
Views: 4518

Re: Tax Returns - How Long Do you Keep?

I keep e-copies only. Backed up multiple ways. I do not keep hard copies. I do not see the need for keeping hard copies for any years.
by LarryAllen
Wed Nov 22, 2017 5:06 pm
Forum: Investing - Theory, News & General
Topic: Have I put too much into the 529 plan?
Replies: 52
Views: 11840

Re: Have I put too much into the 529 plan?

I think that's a good amount. Should cover undergrad and maybe even some grad school. Worst case they can either roll it to their kids some day or take it out and pay the small penalty tax (I think 10%).
by LarryAllen
Wed Nov 22, 2017 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Uber hacked - identities of 57 million exposed
Replies: 11
Views: 2169

Re: Uber hacked - identities of 57 million exposed

Not sure what the big deal is with this. It seems our credit card numbers are hacked all the time. I don't recall giving Uber my social security number. To me this is just part of doing business in the modern world... credit card numbers stolen in some fashion, get new credit card if old one is used...
by LarryAllen
Mon Nov 20, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: Recommend a daily driver
Replies: 43
Views: 2064

Re: Recommend a daily driver

Also, I love M3's but I would probably dump it because you don't want to get a huge repair bill during grad school. I have personally had an unexpected huge repair bill on a German car and it hurts.
by LarryAllen
Mon Nov 20, 2017 11:49 am
Forum: Personal Consumer Issues
Topic: Recommend a daily driver
Replies: 43
Views: 2064

Re: Recommend a daily driver

Rather than shopping for a particular car I would shop based on price, mileage on car, mileage at the pump, comfort, reliability, etc.... I would probably look at 2-5 year old Japanese cars but why limit it to one type of Japanese car!? High end Toyota, mid/low level Lexus, Infiniti, etc.... Also, I...
by LarryAllen
Sun Nov 19, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 108
Views: 12956

Re: The valet smashed my Tesla into a brick wall!

I'd wait to see what the insurance company offers. You'll lose something on this as that is always the case but it's life. Good luck.
by LarryAllen
Sun Nov 19, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Collection agency calls intended for another person:
Replies: 36
Views: 2909

Re: Collection agency calls intended for another person:

I agree with all of the above. Move on. I would definitely not contact the person or get involved in it. Frankly I am not even sure why you would consider this or what you think you might get out of it. The credit card fraud has nothing to do with your phone number formerly belonging to someone that...
by LarryAllen
Sat Nov 18, 2017 9:12 am
Forum: Personal Consumer Issues
Topic: Is dent repair service worth it?
Replies: 17
Views: 1558

Re: Is dent repair service worth it?

At $350 you might break even but, as someone said, will probably sell faster.

Also, as others said, I think paintless dent repair is usually cheaper than $350 in my experience. I have used them many times and been very impressed.
by LarryAllen
Fri Nov 17, 2017 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off my house. Now how to handle insurance and tax payments?
Replies: 21
Views: 2119

Re: Paid off my house. Now how to handle insurance and tax payments?

I pay homeowners monthly, by credit card, with my other insurance. I have a sub account at the credit union for the approximate tax amount to break that into 12 equal payments. Pretty simple.
by LarryAllen
Thu Nov 16, 2017 9:35 am
Forum: Personal Consumer Issues
Topic: ASUS Student Chromebook - thoughts?
Replies: 22
Views: 1225

Re: ASUS Student Chromebook - thoughts?

We bought this for our son https://www.costco.com/Acer-R11-2-in-1-Chromebook---Intel-Celeron-.product.100375019.html He loves it. Its a great Chromebook and a decent size to use like a tablet. Touchscreen and folds completely. Very fast and light. Long battery life. Just a side note for anybody sho...
by LarryAllen
Mon Nov 13, 2017 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 15228

Re: Why pay cash for a car?

I pick the car I want first and then see what their best payment options are during negotiations. The dealer will let you know what they prefer. If I save some bucks doing their financing, whatever the rate is, I'll do it and then pay it off in a month or two. The last car we bought they asked if we...
by LarryAllen
Sun Nov 12, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Draft a will with legalzoom or other online legal help
Replies: 65
Views: 4747

Re: Draft a will with legalzoom or other online legal help

Biggest problem I have seen with Legalzoom, and similar, is people fail to execute the documents properly. This can create, and I have seen first hand, much bigger problems than just dying without a will. So, if you go the legalzoom route pay attention to their instructions for executing the documen...
by LarryAllen
Sun Nov 12, 2017 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Working on elevator pitching, sales charisma
Replies: 8
Views: 884

Re: Working on elevator pitching, sales charisma

Include something that piques one's interest and leaves them wanting more info.
by LarryAllen
Sun Nov 12, 2017 10:38 am
Forum: Investing - Theory, News & General
Topic: Selling all equities, discuss why I'm wrong. :)
Replies: 260
Views: 35419

Re: Selling all equities, discuss why I'm wrong. :)

Someone mentions the OP is in his 30's!? That's a cautious 30-something. What do you do for a living? Risk management? I just can't fathom a young person being 100% out of the market. 50% maybe but history has been kind to those who invest and that history is pretty long. Obviously things could chan...
by LarryAllen
Thu Nov 09, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: FSA Worth the Hassle?
Replies: 11
Views: 1350

Re: FSA Worth the Hassle?

I hate hassle so to me anytime someone even asks the question if it's worth the hassle I know the answer. Life is too short for hassles.
by LarryAllen
Wed Nov 08, 2017 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 338
Views: 37762

Re: Did you tell anyone you paid off your mortgage?

I don't see any advantage to telling people. I recall an acquaintance had a mortgage ripping-up party at about age 30. He didn't have that much of a career so obviously it was a gift/inheritance. That made me laugh and no i didn't go to the party.
by LarryAllen
Mon Nov 06, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding the lifetime gift tax exemption
Replies: 12
Views: 1302

Re: Understanding the lifetime gift tax exemption

If you are married you can give $28k as a split gift but should file a 709 gift tax return to tell the IRS even though no tax is due. A married couple can each gift up to the annual exclusion limit without reporting on Form 709. If the gift comes from personal funds or if they do not live in a comm...
by LarryAllen
Sun Nov 05, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding the lifetime gift tax exemption
Replies: 12
Views: 1302

Re: Understanding the lifetime gift tax exemption

As stated above you can give $14k gifts to as many people as you like each calendar year. If you are married you can give $28k as a split gift but should file a 709 gift tax return to tell the IRS even though no tax is due. You also can front load 5 years of gifting to a 529 account so you can give ...
by LarryAllen
Sun Nov 05, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Children's money?
Replies: 26
Views: 2809

Re: Children's money?

Our credit union pays 7% on the first $500 so when my kids were just at a grand or two or three I left it in cash. As it increased I changed it up into more diversified holdings as I would my own but a touch more conservative.
by LarryAllen
Sat Nov 04, 2017 8:36 am
Forum: Personal Consumer Issues
Topic: 2018 MiniVans - Please post your final out the door price
Replies: 2
Views: 324

Re: 2018 MiniVans - Please post your final out the door price

Look at truecar.com to get a good estimate on the most you should pay and also look at the edmunds.com forums where you can find prices paid and buying experience for most cars.