Search found 324 matches

by OnFire
Tue Mar 21, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Using 25-30 year old EE bonds to fund 529
Replies: 12
Views: 1003

Re: Using 25-30 year old EE bonds to fund 529

I read the section you referred to in the IRS.gov website. It's pretty clear that my kids wouldn't eligible under those rules. What if my MIL changed the beneficiary from herself and her mother (my wife's grandmother) to herself and her daughter (my wife). Then they could be be transferred to my kid...
by OnFire
Tue Mar 21, 2017 11:23 am
Forum: Personal Consumer Issues
Topic: Debating a weekend in Chicago (south side)
Replies: 40
Views: 2018

Re: Debating a weekend in Chicago (south side)

I'm a Chicago Firefighter and paramedic and have worked every street south of Roosevelt at one time or another. The advice so far is good. Don't walk anywhere outside of a three block radius of Comiskey. Bridgeport/Canaryville isn't bad, but don't take any chances. Get lost two blocks the wrong way ...
by OnFire
Tue Mar 21, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Using 25-30 year old EE bonds to fund 529
Replies: 12
Views: 1003

Re: Using 25-30 year old EE bonds to fund 529

I called Charles Schwab, the holder of the Coverdell account, and they couldn't definitively answer the fundamental question, either. They told me to consult a tax accountant. It seems that the key phrase is "...the OWNER (emphasis mine) must be eligible by having a AGI under the income limits ...
by OnFire
Tue Mar 21, 2017 1:28 am
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 9305

Re: Anyone else taking less risk

My Roth got skewed from my planned 70/30 to 82/18 over the bull run, so I just rebalanced back to 70/30. It was hard, but Buffet's mantra kept ringing in my ears as my finger hovered over the button.... "Be fearful when others are greedy... be greedy when others are fearful."
by OnFire
Tue Mar 21, 2017 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Using 25-30 year old EE bonds to fund 529
Replies: 12
Views: 1003

Using 25-30 year old EE bonds to fund 529

My wife had some pretty smart financial predecessors. They purchased two $5,000 series EE bonds in Oct and Nov. of 1986 when the yield was something like 7.5% guaranteed compounded for 30 years. The also purchased a $10,000 bond in 1992 when the yield was something like 6%. I recently came across th...
by OnFire
Wed Jan 18, 2017 1:43 am
Forum: Personal Finance (Not Investing)
Topic: The wisdom of buying a car that doesn't depreciate (much)
Replies: 24
Views: 3028

Re: The wisdom of buying a car that doesn't depreciate (much)

Trust me, if I had the funds (Which I do, but I can't really swing it without emptying my Roth and my wife's too.It's hard to tell the wife I'm emptying our retirement accounts to buy a car.) I would have a GT4, an RS America, and a silver 1998 Carrera S bone stock with a black interior. The 993 Tur...
by OnFire
Wed Jan 18, 2017 1:24 am
Forum: Personal Finance (Not Investing)
Topic: The wisdom of buying a car that doesn't depreciate (much)
Replies: 24
Views: 3028

The wisdom of buying a car that doesn't depreciate (much)

I am a car guy. Always have been. If you look through my previous posts, you'll see I bought a 2000 Porsche Boxster S three years ago when it was pretty much fully depreciated. Unfortunately, that blew up in my face (almost literally) when the engine was destroyed 200 miles after picking it up in Sa...
by OnFire
Tue Jan 17, 2017 1:33 am
Forum: Personal Consumer Issues
Topic: Basic question on Hybrid cars
Replies: 64
Views: 4052

Re: Basic question on Hybrid cars

We have a Honda Accord Hybrid, and we really like it. EPA rated for 50 HWY/ 45 CITY. We get closer to 40 overall, but still much better than a non-hybrid of 24 city, even with the I4. 90% of our driving is urban. I don't really believe a dedicated hybrid is better. Trunk is smaller than a Prius, but...
by OnFire
Tue Dec 27, 2016 1:42 am
Forum: Personal Consumer Issues
Topic: anyone living in central america?(Nicaragua, Costa Rica, Panama, Belize...)
Replies: 30
Views: 4575

Re: anyone living in central america?(Nicaragua, Costa Rica, Panama, Belize...)

I went to a destination wedding in the Bahamas. It was gorgeous. One of the big resorts half an hour outside of Nassau. Beautiful beaches, warm white sand, sunshine everyday. On the night of the wedding, the bride's sister, who was drunk, picked up the bride, who's also drunk, and attempted to dance...
by OnFire
Sat Nov 19, 2016 2:42 am
Forum: Personal Finance (Not Investing)
Topic: Glass Window Security Film and home security...
Replies: 8
Views: 1204

Re: Glass Window Security Film and home security...

Just constantly thinking of ways that will thwart any evil doers/ dumb kids that happen to pass by.
by OnFire
Thu Nov 17, 2016 12:15 am
Forum: Personal Finance (Not Investing)
Topic: Glass Window Security Film and home security...
Replies: 8
Views: 1204

Glass Window Security Film and home security...

I am looking to burglar proof the house a bit more. We have been in it for four years, and we are at the end of a dead-end block, in the beer part of town, and have two dogs, one of which could probably scare a burglar away. I also have BEWARE OF DOG signs, and an ADT sign up, even though I don't ac...
by OnFire
Sun Nov 13, 2016 1:41 am
Forum: Personal Finance (Not Investing)
Topic: Experience selling car to Carmax?
Replies: 52
Views: 12617

Re: Experience selling car to Carmax?

I'm one of the few that had a busy experience with CarMax. I brought my 4 year old BMW there to get a price,and when they came and talked to me about it, they said the car had been in a serious accident (I was the second owner) and they could tell because the paint was thicker (apparently two coats-...
by OnFire
Sat Jul 16, 2016 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a Money Order in Euros
Replies: 1
Views: 310

Getting a Money Order in Euros

My grandfather was born in Ireland, making my father an automatic Irish citizen. A few years ago, I applied for my Irish citizenship, and received it. Since I became an Irish citizen before my sons were born, they can now become Irish citizens. I am currently going through the process of getting the...
by OnFire
Fri Jun 03, 2016 1:05 am
Forum: Investing - Help with Personal Investments
Topic: Best funds for children
Replies: 15
Views: 1835

Re: Best funds for children

I need to know more. I assume that you've got your own retirement on track, (Roth's and IRA's fully funded), house and most other debt paid off or comfortably under management? My first course of action is to max out Coverdell ESAs, then fund 529's, and even get my kids "modeling" gigs, or...
by OnFire
Tue May 17, 2016 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Is it common for a step mother to inherit everything?
Replies: 105
Views: 15119

Re: Is it common for a step mother to inherit everything?

Not to add on, but my father did the same thing. He knew he wasn't in the greatest health. He had a stroke and two prior heart attacks, and I asked him to write a will. He was in a bad period with my step-mother and were on the verge of divorce. I think that's why he never went through with getting ...
by OnFire
Sat Mar 12, 2016 2:27 am
Forum: Personal Consumer Issues
Topic: Looking for a Mission-style Oak Dresser
Replies: 6
Views: 847

Looking for a Mission-style Oak Dresser

My parents used to live in a manufactured home in a camp-ground type resort an hour away from me. It caught fire and burned to the ground. They will probably be spending around a month over the summer in a bedroom in my basement. I recently bought a used, high end futon than I am quite fond of. It i...
by OnFire
Sat Mar 12, 2016 2:11 am
Forum: Personal Consumer Issues
Topic: Liability of hiring guys standing front of home improvement stores
Replies: 32
Views: 6059

Re: Liability of hiring guys standing front of home improvement stores

If you're on Facebook, I'd try to find one of the groups called "Moms and Dads of 'Neighborhood X'". I swear another one pops up every couple of days, and between my wife and I, we must be on half a dozen of them. Granted, we have a pretty tight knit community full of Irish cops and firefi...
by OnFire
Sat Mar 12, 2016 1:57 am
Forum: Personal Finance (Not Investing)
Topic: Renting to Family Members
Replies: 26
Views: 2790

Re: Renting to Family Members

Previous posters have suggested virtually every reasonable objection (and several unreasonable ones) to your proposal, so due diligence has been covered. Let me say I think in this case this is a wonderful idea, a win-win for all involved, and I congratulate you on your plan. THIS. Bogleheads can b...
by OnFire
Wed Feb 24, 2016 2:17 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio (young, thick skin, very long time horizon)
Replies: 13
Views: 1684

Re: Portfolio (young, thick skin, very long time horizon)

To answer your question, we have to assume some things.... Are you currently maxing out your Roth IRA and 401K (or equivalent) tax advantaged space? Do you have an emergency fund, a home fund, a paid off vehicle, zero student loans, and zero credit card debt? If you are all of those things, congratu...
by OnFire
Sat Feb 20, 2016 1:06 am
Forum: Investing - Help with Personal Investments
Topic: Investing for your children after 529s
Replies: 7
Views: 955

Re: Investing for your children after 529s

I agree that the Roth is a no-brainer. Absolutely sock everything they made into the Roth. If you are relatively confident that you have your 529's fully funded to the point it's not possible that they could spend any more (to the tune of $250K EACH) or you are maxing out the yearly contribution, th...
by OnFire
Sat Feb 13, 2016 1:16 am
Forum: Personal Consumer Issues
Topic: Allocating Personal Defense dollars...
Replies: 19
Views: 2549

Allocating Personal Defense dollars...

As you might be able to guess from my username, I work as a firefighter/paramedic in a large midwestern city. It's plagued by gun violence. I work in one of the worst neighborhoods. It's nickname is "Terror Town" and the ambulance in my firehouse has been dubbed "Death Box 50". J...
by OnFire
Sat Jan 30, 2016 2:34 am
Forum: Personal Consumer Issues
Topic: Macbook replacement battery (do you get what you pay for?)
Replies: 21
Views: 2374

Re: Macbook replacement battery (do you get what you pay for?)

When I brought my MacBook in to the Apple store, the Genius told me (after some cordial conversation) to go to Macworld.com and buy the appropriate battery there. I think it was priced around $80-90 including shipping. Granted, it's not that much of a discount, but obviously, he has no horse in the ...
by OnFire
Wed Dec 16, 2015 3:18 am
Forum: Personal Consumer Issues
Topic: Which would you buy?
Replies: 16
Views: 2525

Re: Which would you buy?

Neither. I'd look for either a used version of either, but it with under 36,000 miles and less than 36 months old, then immediately spring for the 7 year/100k warranty for $1500-2000 dollars. So, now you get a nicer, newer car with a warranty, for less money. I took over a lease for a 2012 GMC Acadi...
by OnFire
Wed Dec 16, 2015 2:38 am
Forum: Personal Finance (Not Investing)
Topic: Help this Chicago firefighter figure out the chances I'll get killed...
Replies: 20
Views: 2623

Re: Help this Chicago firefighter figure out the chances I'll get killed...

Oops. Forgot to mention that one our biggest expenses is her student loan. They were close to $150k, now close to $110k. $850 a month for the next 20 years. It's fixed at something like 1.5%, so it will be the last thing to be paid off. Also, I made more than she did the last four years, and I only ...
by OnFire
Wed Dec 16, 2015 2:28 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford a BMW i8 priced at ~150k?
Replies: 64
Views: 8204

Re: Can I afford a BMW i8 priced at ~150k?

Buy my Lotus Elise instead. Make the check out directly to my son's college. Save yourself well over $100k. This. I've driven Honda S2000s, Nissan 370Zs, Mustang 5.0s, Corvettes, and Ferrari 355s, 360s, and 458s. I've owned 911s, Boxsters, and a BMW 335i. The Elise is as much fun as you can have in...
by OnFire
Wed Dec 16, 2015 2:06 am
Forum: Personal Finance (Not Investing)
Topic: Help this Chicago firefighter figure out the chances I'll get killed...
Replies: 20
Views: 2623

Help this Chicago firefighter figure out the chances I'll get killed...

http://www.chicagotribune.com/news/local/breaking/ct-colleagues-remember-firefighter-daniel-capuano-always-on-the-top-of-his-game-20151214-story.html Dan was a friend of mine. We worked on the same shift, and his fire station was right next to mine, about 2 miles away. The first few sentences of the...
by OnFire
Tue Nov 10, 2015 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Question regarding helping son with graduate school loan debt
Replies: 42
Views: 3410

Re: Question regarding helping son with graduate school loan debt

Since you are already subsidizing much of his normal daily living expenses, I would be far more inclined to propose to match his payments on his student loans rather than gifting or lending him the money. I would have a serious conversation with him to assess his understanding of the importance of ...
by OnFire
Tue Nov 10, 2015 12:23 am
Forum: Investing - Help with Personal Investments
Topic: What to do with $11,392.79 in a Vanguard Roth IRA?
Replies: 17
Views: 1876

Re: What to do with $11,392.79 in a Vanguard Roth IRA?

I am up around 60K, and I have 90% (or so) in Target Date 2040 and 10A% Bonds for my "emergency fund". I recommend #4.
by OnFire
Thu Nov 05, 2015 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Lithium Snow Blowers.... New w 3 yr warranty or used?
Replies: 14
Views: 1710

Re: Lithium Snow Blowers.... New w 3 yr warranty or used?

After reading the responses on here, and always wanting Honda snow blowers/lawn mowers/generators, I went out and bought used versions of all. I searched Craigslist, and got a new EU2000i generator, (I put the first tankful of gas and oil through it), a HS520 AS snow blower, and a 217 lawn mower. Fo...
by OnFire
Wed Nov 04, 2015 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Solar City back-up home battery
Replies: 16
Views: 2270

Re: Solar City back-up home battery

Working in the emergency services industry, I see the black swans of needing an ambulance, a fire engine, or car wreck rescue almost everyday. It makes me realize a bit more that we really do need to be able to rely on yourself if some really big SHTF. Almost every place that tells you what you need...
by OnFire
Thu Oct 22, 2015 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Lithium Snow Blowers.... New w 3 yr warranty or used?
Replies: 14
Views: 1710

Re: Lithium Snow Blowers.... New w 3 yr warranty or used?

I'm in Chicago. I'd get this and the lawn mower for the tenant of a rental house I own. I am getting a Honda electric start single stage for my wife. *I* am going to Arizona for a month. So far, I am still leaning towards the slightly used version.
by OnFire
Thu Oct 22, 2015 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Lithium Snow Blowers.... New w 3 yr warranty or used?
Replies: 14
Views: 1710

Lithium Snow Blowers.... New w 3 yr warranty or used?

I'm pretty sure I am going to get one of these: http://www.amazon.com/gp/product/B00E3OXF6A?keywords=sno%20joe%20ion%20battery%20powered%20snow%20blower&qid=1445482570&ref_=sr_1_1&sr=8-1 and one of these: http://www.amazon.com/gp/product/B00E3OXF6A?keywords=sno%20joe%20ion%20battery%20po...
by OnFire
Sat Sep 26, 2015 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Men vs. Women - Spending vs. Saving
Replies: 28
Views: 2758

Men vs. Women - Spending vs. Saving

A recent thread asked a cathartic question: Why is it that men and women seem to fight- and end relationships- over money. Being a psychology major, and a Boglehead, I've come to ponder: Why does it seem that men, who are much more likely to risk life and limb- in jobs such as the military, police, ...
by OnFire
Fri Sep 25, 2015 9:19 pm
Forum: Personal Consumer Issues
Topic: What is an ideal vehicle to handle a long commute?
Replies: 93
Views: 7279

Re: What is an ideal vehicle to handle a long commute?

I know that for me, being employed in the fire service, and in a Union, (and the son, grandson, nephew and brother of Union men) buying American was kind of a big deal. Although Honda isn't American, they assemble the Ford Fusion in Mexico and build the engine in Spain. The Accord is built in Ohio, ...
by OnFire
Fri Sep 25, 2015 8:57 pm
Forum: Personal Consumer Issues
Topic: What is an ideal vehicle to handle a long commute?
Replies: 93
Views: 7279

Re: What is an ideal vehicle to handle a long commute?

We live in Chicago and we get that same winter weather. We do 90% of our driving in stop and go traffic, so for us, the City MPG rating was more important than the highway. A standard Accord gets about 24 MPG City. A Honda Accord Hybrid gets 50 MPG city. We got the mid-level EX-L with heated leather...
by OnFire
Wed Sep 16, 2015 1:35 am
Forum: Personal Finance (Not Investing)
Topic: Best Lawnmower/Snowblower for Rental House Tenants
Replies: 8
Views: 1094

Re: Best Lawnmower/Snowblower for Rental House Tenants

Right now, I am leaning HEAVILY toward getting one of these: http://www.amazon.com/Joe-Cordless-iON16LM-16-Inch-Brushless/dp/B00IP1MG2Q/ref=sr_1_1?s=lawn-garden&ie=UTF8&qid=1442384914&sr=1-1&keywords=sun+joe+brushless And these: http://www.amazon.com/Snow-Joe-iON18SB-Rechargeable-Lit...
by OnFire
Tue Sep 15, 2015 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Best Lawnmower/Snowblower for Rental House Tenants
Replies: 8
Views: 1094

Best Lawnmower/Snowblower for Rental House Tenants

I bought a new house and kept my old house because I was basically flat (not underwater/no equity). It's worked out so far with zero down time between renters and me making a small profit that I put toward the principal each month. ($100-150 a month-which usually breaks even by the time I am done wi...
by OnFire
Sat Aug 22, 2015 5:47 pm
Forum: Investing - Theory, News & General
Topic: How long will you"Stay the Course"?
Replies: 99
Views: 10737

Re: How long will you"Stay the Course"?

Until a proven method of investing comes along that beats the Boglehead way. Has there been one yet? Not as far as I know. And if there was, I'm pretty sure the hyper-intelligent people on this board would either A.) exploit for themselves or B.) Share it with the world. Either way, If only one pers...
by OnFire
Sat Aug 22, 2015 2:44 pm
Forum: Personal Consumer Issues
Topic: Applecare+ for new iPhone?
Replies: 22
Views: 2820

Re: Applecare+ for new iPhone?

My wife had a case for her iPhone 4 and when she dropped it, the screen broke. Over the years we have had almost every version of the iPhone, and the list of the ways we have broken them is long and varied; dropped on the sidewalk, dropped into a toilet, splashed with a glass of water at a restauran...
by OnFire
Sat Aug 22, 2015 1:28 pm
Forum: Personal Consumer Issues
Topic: Cheaper car for someone who enjoys cars?
Replies: 63
Views: 10300

Re: Cheaper car for someone who enjoys cars?

It depends if you care if you drive a brand new car or not. I don't care, so I assumed someone else's lease that was one year old, then, when the lease was up, I bought an extended warranty and bought the car (a 2012 GMC Acadia). It saved me about $10k and I still have a factory warranty for another...
by OnFire
Wed Jul 15, 2015 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Does Anyone Plan to Work Past 70 years of Age
Replies: 63
Views: 7241

Re: Does Anyone Plan to Work Past 70 years of Age

There is not a chance on the planet that I will retire at age 70 in my current profession. I am a firefighter and a paramedic in a large city in the midwest. I am mandated to retire at age 63. Even if they changed the law, (I was recently in San Jose and they are mandated out at 73,) there is no way...
by OnFire
Wed May 27, 2015 12:49 am
Forum: Personal Consumer Issues
Topic: Cheapest host to buy and sponsor a domain name?
Replies: 13
Views: 1514

Re: Cheapest host to buy and sponsor a domain name?

I used GoDaddy for my website photography business. After I got married and had kids I couldn't keep up the business. I let it lapse, and after a few calls from them where I politely declined to re-up their service, it was OBVIOUS GoDaddy sold my name, phone number and address to every dirty pimp wh...
by OnFire
Mon Mar 30, 2015 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: IRS looking for money, my CPA just died….
Replies: 10
Views: 3539

Re: IRS looking for money, my CPA just died….

Just to follow up, I decided to roll the dice with the IRS and not pay. My accountant (the dead one) had most of his accounts taken over by his son, including my wife and her dental practice. I figured I would wait until I get my taxes done my him this year and ask his advice. Maybe he could find so...
by OnFire
Sun Mar 29, 2015 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: Smartest Financial Move You Ever Made
Replies: 139
Views: 17547

Re: Smartest Financial Move You Ever Made

So far, it's a tie. Proably the biggest was opening and maxing out Roth IRAs for me and my then girlfriend and fully funding them in 2008 and 2009. I knew we were near half of the historical high of the Dow and wanted to get in when the market was low. I like to be greedy when other are fearful, and...
by OnFire
Mon Mar 09, 2015 10:11 am
Forum: Personal Finance (Not Investing)
Topic: How long did you stay in your starter home?
Replies: 87
Views: 8335

Re: How long did you stay in your starter home?

9 years. Planned on flipping it and being out in a year, but I needed a place to live, and there wasn't anyplace cheaper. It was a TOTAL wreck. Orange linoleum floors, brown carpet in the kitchen, holes in the shower walls, swastikas in the bedrooms, extension cords poked through holes in the walls ...
by OnFire
Sat Mar 07, 2015 12:27 am
Forum: Investing - Help with Personal Investments
Topic: What is your credit score?
Replies: 63
Views: 9591

Re: What is your credit score?

I bought my mid-life crisis car ( 2000 Porsche Boxster S) through my credit union. They checked my credit score and said it was the 6th time they've ever had anyone pull an official 850. I told my wife, "See, honey, I told you I was perfect." A quick check from Discover says I am now an 83...
by OnFire
Mon Dec 22, 2014 2:48 am
Forum: Personal Consumer Issues
Topic: Don't be tempted to buy your teen a cheap (old) car, parents
Replies: 139
Views: 14554

Re: Don't be tempted to buy your teen a cheap (old) car, par

I posted somewhere else on the board on this topic recently. New cars really are safer. I am a firefighter/paramedic in a large mid-western city. I had a call about eight years ago. Cops vs. car full of teens attempting to flee. They wound up hitting each other. Cop car was about a 2004-6 Impala. Ev...
by OnFire
Sun Dec 21, 2014 3:02 am
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 127
Views: 12258

Re: How do you define "being rich"?

I think that being rich is a function of assets, not income. If you have 3 kids and a $400K house with 4 bedrooms and 2 baths in NJ (or wherever) and $400K in student loans between you and your wife, but are making a combined $150,000 a year, your not rich. If you are living on your own land with a ...
by OnFire
Sat Dec 13, 2014 2:38 am
Forum: Investing - Theory, News & General
Topic: You folks think [a market crash] is coming?
Replies: 64
Views: 6982

Re: You folks think [a market crash] is coming?

"Be fearful when others are greedy. Be greedy when others are fearful." When the Dow was around 7,000, I dumped all the cash I had into the market. It was HALF of what it was two years prior. Now that it is near historic highs, I have pulled back slightly. I redistributed some of my invest...
by OnFire
Thu Dec 04, 2014 4:27 pm
Forum: Personal Consumer Issues
Topic: Buying a kids first car -- considerations?
Replies: 25
Views: 3205

Re: Buying a kids first car -- considerations?

As far as the good/bad idea of giving a brand new driver their own car- unfortunately only you have the knowledge of what she if likely to do when alone behind the wheel. While the maturing process between 16 and 18 is a large factor in how likely she is to get into a crash, statistics prove that th...

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