Search found 4557 matches

by Leesbro63
Tue Jan 17, 2017 5:19 pm
Forum: Investing - Theory, News & General
Topic: Junior and Senior Financial Independence
Replies: 17
Views: 654

Junior and Senior Financial Independence

I thought this concept was absolutely excellent and very Bogleheadish and worth it's own thread. From another and articled (linked here) referenced on another current thread on "Stealth Wealth": "You’ve reached junior financial independence status once your net worth has hit 20X your ...
by Leesbro63
Tue Jan 17, 2017 5:15 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 257
Views: 38459

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

Another article from Sam (Financial Samurai) on the topic was published yesterday, discussing some reasons he feels make it OK to loosen the purse strings. If you hit 3 of his 13 criteria, you're good to go. When Is It OK To Forsake Stealth Wealth And Spend Up? I meet 5 of the criteria, so I'm allo...
by Leesbro63
Mon Jan 16, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Why nobody understands importance of high-deductible insurance?
Replies: 82
Views: 7011

Re: Why nobody understands importance of high-deductible insurance?

I carry a $1000 deductible in my car. Going to $2500 only saved about $150/year. Didn't seem like a good value. It very well could be a lot more than the $150 you see now in the premium difference. Take the case of your being "at fault" for damage of $2,000. If you file a claim and collec...
by Leesbro63
Mon Jan 16, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Why nobody understands importance of high-deductible insurance?
Replies: 82
Views: 7011

Re: Why nobody understands importance of high-deductible insurance?

I carry a $1000 deductible in my car. Going to $2500 only saved about $150/year. Didn't seem like a good value.
by Leesbro63
Sun Jan 15, 2017 8:22 am
Forum: Personal Consumer Issues
Topic: Washing Machines
Replies: 12
Views: 1015

Re: Here, lt me help you.

sorry again. I keep mistaking the quote button for the edit button. Brain freeze
by Leesbro63
Sun Jan 15, 2017 8:22 am
Forum: Personal Consumer Issues
Topic: Washing Machines
Replies: 12
Views: 1015

Re: Here, lt me help you.

duplicate
by Leesbro63
Sun Jan 15, 2017 8:21 am
Forum: Personal Consumer Issues
Topic: Washing Machines
Replies: 12
Views: 1015

Re: Here, lt me help you.

sorry I goofed
by Leesbro63
Sun Jan 15, 2017 8:21 am
Forum: Personal Consumer Issues
Topic: Washing Machines
Replies: 12
Views: 1015

Re: Here, lt me help you.

As usual, all these "discussions" degenerate into 7 completely predictable responses. Front loader sucks. Front loader great. Top loader traditional sucks. Top loader traditional great. Top loader HE sucks. Top loader HE great. Speed Queen! What is so great about Speed Queen and why would...
by Leesbro63
Thu Jan 12, 2017 10:02 am
Forum: Personal Consumer Issues
Topic: Dishwasher Maintenance
Replies: 12
Views: 1544

Re: Dishwasher Maintenance

delete/error
by Leesbro63
Thu Jan 12, 2017 10:01 am
Forum: Personal Consumer Issues
Topic: Dishwasher Maintenance
Replies: 12
Views: 1544

Re: Dishwasher Maintenance

Probably http://www.affresh.com/our_products/affresh_dishwasher_cleaner - Affresh dishwasher cleaner It's listed in our Whirlpool dishwasher manual. Definitely do not run that with dishes inside the dishwasher at the same time. ---- just realized you said chemical, not product. in that case, it was...
by Leesbro63
Thu Jan 12, 2017 9:39 am
Forum: Personal Consumer Issues
Topic: Dishwasher Maintenance
Replies: 12
Views: 1544

Dishwasher Maintenance

When our dishwasher was installed 4 years ago, the installer said to use some chemical every 6 months (I think) to prevent scale from building up on the heating element. We do have hard water and I see scale on the element. But I forget what he said to use. I think we did it for the first year or tw...
by Leesbro63
Fri Jan 06, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: 500K milestone celebration
Replies: 73
Views: 6542

Re: 500K milestone celebration

Congrats. I thought this was going to be a thread about keeping a car for 500,000 miles, which is ALSO Bogleheadish.
by Leesbro63
Thu Dec 15, 2016 3:49 am
Forum: Personal Finance (Not Investing)
Topic: End of lease - what to do for a car with low mileage
Replies: 21
Views: 1931

Re: End of lease - what to do for a car with low mileage

The "swap" idea sounds like a liability monster. Looking for trouble if your "swapee" damages the car, other property or, heaven forbid, a person. Due to the collapse of gas prices and maybe other factors, the Leaf has a very poor resale value. Therefore your best bet is to just ...
by Leesbro63
Wed Dec 14, 2016 1:10 pm
Forum: Personal Consumer Issues
Topic: Fridge Water Filter Cartridges...A Scam?
Replies: 26
Views: 2610

Re: Fridge Water Filter Cartridges...A Scam?

I'm still hoping someone can answer this: Is it safe to leave a cartridge in there indefinitely?

Or, put another way, is leaving a cartridge in there indefinitely any less safe than just drinking water directly out of the tap, unfiltered?
by Leesbro63
Wed Dec 14, 2016 1:09 pm
Forum: Personal Consumer Issues
Topic: Fridge Water Filter Cartridges...A Scam?
Replies: 26
Views: 2610

Re: Fridge Water Filter Cartridges...A Scam?

But is it dangerous leaving an old filter in there? Did your refrigerator come with a 'bypass plug'? Those are intended to go in place of the filter and allow the system to operate when you don't need filtering or already have something like a whole-house filter. I have no idea. It's 8 years old an...
by Leesbro63
Wed Dec 14, 2016 1:08 pm
Forum: Personal Consumer Issues
Topic: Fridge Water Filter Cartridges...A Scam?
Replies: 26
Views: 2610

Re: Fridge Water Filter Cartridges...A Scam?

livesoft wrote:So, the OP didn't consult the previous long thread on fridge cartridges found on bogleheads.org before buying?


I am the OP. I bought the frig in 2008 and never gave this a thought.
by Leesbro63
Wed Dec 14, 2016 9:28 am
Forum: Personal Consumer Issues
Topic: Fridge Water Filter Cartridges...A Scam?
Replies: 26
Views: 2610

Re: Fridge Water Filter Cartridges...A Scam?

I have never replaced mine in over 5 years. My city has good water. I don't know what it would filter out. It seems like an unnecessary feature for me. In some parts of the country, it might be a nice feature. Same here, as stated in my original post. But is it dangerous leaving an old filter in th...
by Leesbro63
Wed Dec 14, 2016 8:43 am
Forum: Personal Consumer Issues
Topic: Fridge Water Filter Cartridges...A Scam?
Replies: 26
Views: 2610

Fridge Water Filter Cartridges...A Scam?

Is this a scam or what? I have a Kenmore fridge, purchased in 2008, that's been total junk. I pay about $100 a year for a "service contract" and Sears loses big every year. One repairman said my unit is actually made by LG. All of that being said, my question is really about the water filt...
by Leesbro63
Tue Dec 13, 2016 8:02 pm
Forum: Personal Consumer Issues
Topic: How Does Hospice Work?
Replies: 38
Views: 3617

Re: How Does Hospice Work?

This discussion has been incredibly valuable to me. I never realized how hospice works.
by Leesbro63
Tue Dec 06, 2016 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 164
Views: 18990

Re: Retirement with $8M in investments

Isn't the better question: at what ratio of nest egg to expenses should you feel wealthy?
by Leesbro63
Sat Dec 03, 2016 1:22 pm
Forum: Investing - Theory, News & General
Topic: Forget the 4% safe withdrawal rule -- use RMDs instead.
Replies: 46
Views: 5708

Re: Forget the 4% safe withdrawal rule -- use RMDs instead.

People complain about RMDs because they don't want to spend more money. At a certain point people spend what they want to spend. They aren't going to spend 20k more just because they have the money. After 70+ years of living, people are comfortable with where they are. I never understood why RMDs a...
by Leesbro63
Fri Nov 25, 2016 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Which Credit card for a large one-time expense?
Replies: 50
Views: 5243

Re: Which Credit card for a large one-time expense?

I agree with all of the last post except the final line. The difference between Vegas and and the credit card game is that the player actually has some control (with the credit card game) The way the banks make money on credit cards, with or without big bonuses, is by enticing cardholders to pay int...
by Leesbro63
Tue Nov 22, 2016 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: If I won the game, how to play the next phase?
Replies: 27
Views: 4397

Re: If I won the game, how to play the next phase?

If one has REALLY won the game then I would think the next phase would be only CDs and money market. Not in your 50's with good health I don't necessarily disagree. I guess we are all in different situations. I am about to turn 70 and in more than excellent health. My problem is spending some of wh...
by Leesbro63
Tue Nov 22, 2016 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: If I won the game, how to play the next phase?
Replies: 27
Views: 4397

Re: If I won the game, how to play the next phase?

Now this is a case where market timing might actually come into play. And by that, I don't mean your asset allocation. What I'm saying is that historically, the worst times to retire early are right before a large recession/bear market. The 5% failure of the Trinity study focuses on those events. A...
by Leesbro63
Tue Nov 22, 2016 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: If I won the game, how to play the next phase?
Replies: 27
Views: 4397

Re: If I won the game, how to play the next phase?

Trader/Investor wrote:If one has REALLY won the game then I would think the next phase would be only CDs and money market.


Not in your 50's with good health
by Leesbro63
Tue Nov 22, 2016 9:02 am
Forum: Investing - Help with Personal Investments
Topic: If you don't need equity risk, why buy them?
Replies: 33
Views: 2395

Re: If you don't need equity risk, why buy them?

^, Dandy We did a modified approach to Bernstein. Most BH will find this complicated: We have secured buckets of different income/assets. [see below] The Discretionary Bucket is pure discretionary, it is the "anyway-you-want" bucket. This bucket consists of 7 accounts. One account is pret...
by Leesbro63
Mon Nov 21, 2016 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Form 706 & Portability of DSUE
Replies: 4
Views: 303

Re: Form 706 & Portability of DSUE

I am not an attorney or accountant. But I get it that you won't want to get "over lawyered" or "over accountanted". That being said, my guess is that you'll need a good accountant who understands form 706. Shouldn't be too bad really. Also I don't believe the property will get a ...
by Leesbro63
Mon Nov 21, 2016 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: If you don't need equity risk, why buy them?
Replies: 33
Views: 2395

Re: If you don't need equity risk, why buy them?

tennisplyr wrote:Was with a retired couple in their sixties yesterday. I believe they have several million $ largely in cash. It works for them, I don't know their needs but they are OK with it.


If this is the new 1966 (and I am NOT speculating that it is) they are headed for some serious stress.
by Leesbro63
Mon Nov 21, 2016 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Forms 1009-Q and 1098-T
Replies: 12
Views: 583

Re: Forms 1009-Q and 1098-T

Maybe I used "itemized" a little loosely. But the letter I sent listed the name of the student, the university, the tuition, the mandatory fees, and the room&board costs, and books. That total was just over the amount that we withdrew from the 529. All things I had receipts for and co...
by Leesbro63
Sun Nov 20, 2016 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Forms 1009-Q and 1098-T
Replies: 12
Views: 583

Re: Forms 1009-Q and 1098-T

You probably don't need to file a 1040-X. Was the money from the 529 plan used for qualified educational expenses? If so, reply to the CP 2000 that the money was used for qualified educational expenses, and itemize those expenses. You don't even need to include receipts. Here is one of many threads...
by Leesbro63
Fri Nov 18, 2016 5:29 pm
Forum: Personal Consumer Issues
Topic: Where to get iPhone screen replaced
Replies: 23
Views: 1573

Re: Where to get iPhone screen replaced

Sadly, I think Apple has us pretty well locked in. I don't have the time, money or patience to remain an Apple user. Every iOS update brings some sort of frustration with my iPhone 5 or Macbook (2007). Last week I was able to repair my MagSafe plug via http://www.instructable.com and save $79. Appl...
by Leesbro63
Fri Nov 18, 2016 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Cannot get myself to spend my savings
Replies: 75
Views: 8424

Re: Cannot get myself to spend my savings

staythecourse wrote:I think some folks just need to admit they are cheap.


I prefer to think of myself as a "value player"
by Leesbro63
Thu Nov 17, 2016 6:32 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 257
Views: 38459

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

An observation about cars. I'm pushing 57 so grew up with cars from the 60s (great cars but low tech) and 70's (awful cars). There's a much smaller gap between today's "average" cars and today's luxury cars than was the case back then. A Vega was really a piece of junk on wheels while an I...
by Leesbro63
Thu Nov 17, 2016 6:29 pm
Forum: Personal Consumer Issues
Topic: Where to get iPhone screen replaced
Replies: 23
Views: 1573

Re: Where to get iPhone screen replaced

I used one of those "mall places" and it was fixed nicely. Until 3 weeks later when the speaker-microphone would not work. And Apple wouldn't fix it because they claimed the non-Apple place screwed it up. So I had to spend $350 for a refurb phone with trade. Sadly, I think Apple has us pre...
by Leesbro63
Thu Nov 17, 2016 12:05 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 257
Views: 38459

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

I probably fit into the category of "stealth wealth", other than I like Lexus cars and buy a new iPhone every model change. The big issue I see is that our culture promotes the idea that spending more creates more happiness. To a limited point that is true. But the reality is not as great ...
by Leesbro63
Wed Nov 16, 2016 1:26 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 257
Views: 38459

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

How safe are 35 year old microwaves? How do you know it's not putting out emissions? I like stuff that lasts a long time too but many items, like cars and microwaves, are much safer today and should be considered for replacement even if they work fine. I have a 30 year old upright freezer that work...
by Leesbro63
Wed Nov 16, 2016 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Portability, Bypass Trusts, Basis Step-ups, etc.
Replies: 22
Views: 2619

Re: Portability, Bypass Trusts, Basis Step-ups, etc.

As to state inheritance/estate taxes: It's my understanding that if the surviving spouse can and does take the income from the credit shelter trust, Pennsylvania inheritance tax is not due as it's not considered a completed transfer. (And the surviving spouse can move to places like Florida, in the ...
by Leesbro63
Wed Nov 16, 2016 10:14 am
Forum: Investing - Theory, News & General
Topic: Some Great Podcasts
Replies: 0
Views: 800

Some Great Podcasts

There have been some great podcasts lately, here, esp the one with Bruce Steiner. Lots of Bogleheadish stuff:


http://www.paytaxeslater.com/radioshow.php
by Leesbro63
Wed Nov 16, 2016 9:57 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 257
Views: 38459

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

The one thing I've learned in my 40+ young years is to buy quality. Otherwise you end up paying the "beggar's tax." Essentially, if you are too fixated on buying cheap stuff to save a few bucks, you will be frustrated when it breaks and finally get the quality item. The beggar's tax is th...
by Leesbro63
Mon Nov 14, 2016 8:59 am
Forum: Investing - Help with Personal Investments
Topic: IRA withdrawal taxation
Replies: 17
Views: 1230

Re: IRA withdrawal taxation

There's always that Roth IRA. And you can convert a traditional IRA to a Roth IRA anytime you want. Better get it done to save $$$,$$$ on taxes. :) Depends on the taxpayer's situation. There is some thought that tax rates might be LOWER in the not too distant future. Might be a prudent bet to wait ...
by Leesbro63
Fri Nov 11, 2016 11:40 am
Forum: Investing - Theory, News & General
Topic: Passive Investing Math Wrong?
Replies: 25
Views: 2402

Re: Passive Investing Math Wrong?

Truthfully I don't subscribe but a Boglehead friend of mine sent me the article. So I wasn't really tuned into the fact that you need a subscription to read it.
by Leesbro63
Fri Nov 11, 2016 11:39 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 257
Views: 38459

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

There seems a general American theme that spending more money equals more happiness. I think it's true, but only to a fairly low point. Way below the level sold by advertising. Yet there's some huge, albeit hidden happiness from having stealth wealth.
by Leesbro63
Fri Nov 11, 2016 10:48 am
Forum: Investing - Theory, News & General
Topic: Passive Investing Math Wrong?
Replies: 25
Views: 2402

Passive Investing Math Wrong?

Frankly I don't understand this article, but I am surprised no one else posted it for discussion. Surely this is Bogleheadworthy. "Mr. Sharpe’s logic is compelling, but I think the assumptions underlying the conclusions are not grounded in reality." http://blogs.wsj.com/experts/2016/11/06/...
by Leesbro63
Thu Nov 10, 2016 9:34 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 257
Views: 38459

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

TRC wrote:I like fancy cars and expensive things, but I pay cash. To each his/her own! Life is too short to die with a gigantic pile of cash and never enjoy what you work for.


You are assuming that spending more money equals buying more happiness.
by Leesbro63
Wed Nov 09, 2016 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: PA residents with a 529, do you use the 529 plan sponsored by the state?
Replies: 10
Views: 817

Re: PA residents with a 529, do you use the 529 plan sponsored by the state?

Perhaps the best investment I ever made was the PA TAP 529 "Guaranteed Savings Plan". I did this with a lump sum, for each of my two (now young adult) kids. Pay for college now and forget it. There ARE some potential pitfalls, but overall I think it's a no brainer. Do you REALLY think that...
by Leesbro63
Wed Nov 02, 2016 8:33 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's latest market returns forecast
Replies: 380
Views: 29585

Re: Larry Swedroe's latest market returns forecast

Any chance that one or some of the Bogleheads, directly connected to Mr. Bogle, can get him to issue a response?
by Leesbro63
Sun Oct 30, 2016 5:49 am
Forum: Personal Consumer Issues
Topic: Leaving Phone Chargers Plugged In
Replies: 24
Views: 4540

Leaving Phone Chargers Plugged In

Years ago I remember reading how device chargers drained electricity if left plugged in. I haven't seen a thing about that in years, however. Is this still an issue, or are today's chargers smart enough to know to not leak electricity if no device is being charged?
by Leesbro63
Fri Oct 21, 2016 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Upgrade My Vanguard Account?
Replies: 5
Views: 1005

Upgrade My Vanguard Account?

So I see there's an option to upgrade my Vanguard Brokerage Account and Vanguard Mutual Funds Account to one account. Why might I want to do this or not? Why do they make it optional? Will the account numbers change? What unexpected headaches might I encounter?
by Leesbro63
Thu Oct 20, 2016 10:11 am
Forum: Personal Consumer Issues
Topic: Sibling's destination wedding?
Replies: 137
Views: 11861

Re: Sibling's destination wedding?

TIAX wrote:
Destination weddings are nearly always a way to reduce costs for the couple at the expense of their guests.


BINGO!

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