Search found 258 matches

by PVW
Tue Oct 17, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting modest assets (house/IRA) from Medicaid/taxes
Replies: 9
Views: 579

Re: Protecting modest assets (house/IRA) from Medicaid/taxes

Where things get a little more challenging is if something happened to my mother. If she passed away, I think my sister and I would inherit the house (haven't confirmed, but pretty confident. Basically if my dad inherited it, he might not be able to afford the ongoing costs of living in it. So sist...
by PVW
Tue Oct 17, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparents want to give to grandkids
Replies: 33
Views: 2944

Re: Grandparents want to give to grandkids

My only concern is that i'm not sure I would want my kids to have access to several thousand dollars at 21. Not sure how mature they will be and I think it may actually hurt rather than help. A few thousand dollars is about 2 weeks worth of a $50K annual salary. A 21 year old should already be prep...
by PVW
Tue Sep 19, 2017 1:17 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 12495

Re: Any "average Joe" here actually make out well with individual stocks?

I've made out very well with BRK. Bought in 2005 and have done very well compared to the S&P 500 index. You didn't ask, but I've also done very poorly with SHLD. I forget the details, but I bought around $120 when I read a story that Eddie Lampert was going to be the next Warren Buffett. That prophe...
by PVW
Thu Sep 14, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Brother in College Co-Signing w/ Buddy for Duplex
Replies: 41
Views: 3026

Re: Brother in College Co-Signing w/ Buddy for Duplex

I may be mistaken, but from the description, it sounds a bit like mortgage fraud. Now that's a strong accusation, so let me explain my assumptions: The 5% down payment (deposit in UK terms) is for owner-occupiers, which is why your friend is looking for married co-workers to co-sign. Once you buy i...
by PVW
Thu Sep 14, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Brother in College Co-Signing w/ Buddy for Duplex
Replies: 41
Views: 3026

Re: Brother in College Co-Signing w/ Buddy for Duplex

Reasons that I think this is a bad idea: - Going into business with a friend. Disagreements might force you cancel either the friendship or business relationship. Good friends think this will never happen, but it does. - You seem to know nothing about real estate investing. You have painted a rosy p...
by PVW
Tue Sep 12, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Assets tangled with in laws, how to minimize future liabilities
Replies: 26
Views: 1484

Re: Assets tangled with in laws, how to minimize future liabilities

Are your inlaws concerned that you are interfering with your husband's obligation to provide for them? Given your concerns about limiting future support to only include some appreciated investments, I can see that your inlaws might be concerned about future support they were expecting from their son...
by PVW
Mon Sep 11, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 47181

Re: Equifax customer information leak

I noticed TransUnion offers "TrueIdentity" product for free which allows on to easily "Lock your TransUnion report". Has anyone had experience with that? According to http://www.mymoneyblog.com/transunion-trueidentity-review.html it might be the same thing as the freeze but for free... ? I have no ...
by PVW
Mon Sep 11, 2017 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 47181

Re: Equifax customer information leak

Credit freeze/unfreeze scam is the new credit monitoring scam to boost bottom line for credit reporting companies. No surprise the latest massive release of PII is from a credit reporting agency - setting off a panic that will result in perhaps millions of new paying customers for freeze/unfreeze a...
by PVW
Tue Aug 29, 2017 1:29 pm
Forum: Personal Consumer Issues
Topic: Beginner Mountain Bike
Replies: 59
Views: 3191

Re: Beginner Mountain Bike

As a beginner, I would recommend against buying used. For a decent beginner bike, much of the variation in price is in the components and it will be difficult for you to evaluate the quality and condition of the components on a used bike. I'll echo other's advice - go to your local bike shop and tel...
by PVW
Tue Aug 29, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Relative angry I will not co-sign
Replies: 90
Views: 8188

Re: Relative angry I will not co-sign

Cosign or don't: different path, same destination. You will end up loosing the relationship either way, but if you don't cosign, then at least you get to keep your money.
by PVW
Fri Aug 18, 2017 1:07 pm
Forum: Investing - Theory, News & General
Topic: WSJ - ... Stop Index Trackers [from] Eating the Economy
Replies: 23
Views: 3122

Re: WSJ - ... Stop Index Trackers [from] Eating the Economy

Just wait for the next bear market and all the "smart" money will flood back into active managed funds.
by PVW
Fri Aug 18, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Did Chase Apply My "Additional Principal" Payment Legally?
Replies: 41
Views: 2369

Re: Did Chase Apply My "Additional Principal" Payment Legally?

Back on February 23rd I made a $5000 additional principal payment on my mortgage. I used Chase's payment form and checked the box "additional principal." I did not include the regular mortgage payment of $1052.39 in the remittance. I recently looked at my payment records and noticed that instead of...
by PVW
Thu Aug 17, 2017 3:11 pm
Forum: Personal Consumer Issues
Topic: Sales Tax Calculation when Buying Online
Replies: 10
Views: 611

Re: Sales Tax Calculation when Buying Online

Almost all of my online shopping takes place at Amazon. Over the years, I've glanced at the sales tax calculation and it always looks accurate. Today, I placed an order online with a company that I believe is outside the US. I went to look at my invoice in my inbox after the purchase and noticed th...
by PVW
Wed Aug 16, 2017 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: bitcoin makes you rich
Replies: 49
Views: 3495

Re: bitcoin makes you rich

Bitcoin makes you rich ???? Pls share your experiences. The last get rich scheme was GT Advanced Technologies. That was a real company that made real things. It didn't turn out well for the "investors". We're all gonna be rich: http://forum.thecontrarianinvestor.com/index.php?threads/gt-advanced-te...
by PVW
Mon Aug 14, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 124
Views: 8750

Re: Bitcoin

I personally think investing is gambling. Agreed. And gambling is investing. We often see the following position in this forum: only Boglehead-style investing counts as real investing, whereas everything else is simply "speculating". I've wrongly perpetuated this falsehood myself, but I know now th...
by PVW
Wed Aug 09, 2017 3:39 pm
Forum: Personal Consumer Issues
Topic: Santa Fe New Mexico - recommendations
Replies: 26
Views: 1917

Re: Santa Fe New Mexico - recommendations

If you are a mtn bike rider, there are many options. For a physical challenge, do a vertical mile starting in Tesuque and ride up the Windsor trail then to the top of the Santa Fe Ski area. You can also go the other direction. If you need a hot soak, take a scenic trip up to San Antonio hot springs ...
by PVW
Fri Aug 04, 2017 3:27 pm
Forum: Personal Consumer Issues
Topic: Survey ate some of my property....
Replies: 25
Views: 2298

Re: Survey ate some of my property....

First, decide if you really want those 15 feet. Your actual house lot didn't change - it's just that your perceived size changed. Do you get any enjoyment out of those 15 feet? Do you think giving up those 15 feet will decrease your value?
by PVW
Fri Aug 04, 2017 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Helping mom with debt, investing, and spending
Replies: 34
Views: 1771

Re: Helping mom with debt, investing, and spending

Someone else mentioned that your mother likely qualifies for social security benefits on her ex husband's record. One aspect of this is survivor benefits - so a loss of alimony due to death might be somewhat offset by an increase in social security benefits.
by PVW
Thu Aug 03, 2017 12:18 pm
Forum: Personal Consumer Issues
Topic: Hospitals are offering their own insurance plans
Replies: 15
Views: 1532

Re: Hospitals are offering their own insurance plans

https://finance.yahoo.com/video/hospitals-could-kill-health-insurance-173400158.html Woow, would this be a game changer? What do you think? It already happened in Pennsylvania with the University of Pittsburgh Medical Center getting into the health insurance industry. Initially you might expect tha...
by PVW
Wed Aug 02, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Is This Always True Regarding Umbrella Policies?
Replies: 15
Views: 2078

Re: Is This Always True Regarding Umbrella Policies?

retire57 wrote: Thanks PVW for the suggestion. RLI worked out.
You're welcome.
by PVW
Fri Jul 28, 2017 8:56 am
Forum: Personal Consumer Issues
Topic: Help with negotiating neighbor/yard drainage costs
Replies: 24
Views: 1744

Re: Help with negotiating neighbor/yard drainage costs

pshonore wrote: I don't think window wells are designed to be water tight and in my case compounded the problem.
Right, but they should be designed to easily drain water out of the bottom so reducing the rate of water infiltration into the window well might solve the problem.
by PVW
Thu Jul 27, 2017 10:53 am
Forum: Personal Consumer Issues
Topic: Help with negotiating neighbor/yard drainage costs
Replies: 24
Views: 1744

Re: Help with negotiating neighbor/yard drainage costs

Hi- My neighbor's driveway is sloped towards my house and in heavy rains, I can see water running from his driveway straight into my window well. A few years ago, he replaced the driveway and it is higher than my window wells. In heavy rains, I've had water in my basement and have it documented tha...
by PVW
Fri Jul 14, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: portfolio growth - compounding vs savings
Replies: 15
Views: 1716

Re: portfolio growth - compounding vs savings

My annual contribution equals about 4% of my portfolio. I expect annual market changes in the range of 10%, so 4% is significant. When daily or weekly market swings are equivalent to my annual contribution, then I might not notice the effects of my contributions. In another light, my annual savings ...
by PVW
Tue Jul 11, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Is This Always True Regarding Umbrella Policies?
Replies: 15
Views: 2078

Re: Is This Always True Regarding Umbrella Policies?

retire57 wrote:Must you have your vehicle insurance with one carrier in order to obtain umbrella insurance?
No
https://www.rlicorp.com/personal-umbrella-policy
by PVW
Tue Jul 11, 2017 12:01 pm
Forum: Personal Consumer Issues
Topic: Coyote control
Replies: 66
Views: 4740

Re: Coyote control

So you don't want to talk to anyone in the Government about this? Some good info here. http://www.laanimalservices.com/about-animals/wildlife/ Given your options, the best coyote deterrent would be stopping your neighbors from attracting them. If they are purposefully feeding wildlife, it's probabl...
by PVW
Mon Jun 19, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus, in bitcoin
Replies: 21
Views: 2240

Re: Bonus, in bitcoin

Overstock has paid bitcoin bonuses to their employees.
http://www.ibtimes.co.uk/bitcoin-friend ... es-1459424
by PVW
Mon Jun 19, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Bonus, in bitcoin
Replies: 21
Views: 2240

Re: Bonus, in bitcoin

IRS considers Virtual Currencies as property.

https://www.irs.gov/uac/newsroom/irs-vi ... y-guidance
by PVW
Wed Jun 14, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 6156

Re: Curious to odd estate question

Scenario, you want any assets that remain after you die to essentially vaporize so no one (person, institution, Government, Church, Charity) can benefit from them. Take it with you. By this I mean convert your estate value into cash and have it buried with you. Might have to do something elaborate ...
by PVW
Tue Jun 13, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Employee theft - How best to proceed
Replies: 26
Views: 3075

Re: Employee theft - How best to proceed

but you are aware that your employee committed fraud and you have done nothing to rectify the situation. If you do nothing you are aiding in fraud which would make you an accomplice. No, it wouldn't. There is no 'failure to report' law in Illinois that applies to this situation and to be an accesso...
by PVW
Tue Jun 13, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Can't decide how to get [paid: W-2 or 1099?]
Replies: 15
Views: 1548

Re: Can't decide how to get pay.

As mentioned above, your dad has to use the IRS rules to determine​whether you are an independent contractor or an employee: https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee If he follows the rules, he cannot arbitrarily pick one vs the ...
by PVW
Tue Jun 13, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Employee theft - How best to proceed
Replies: 26
Views: 3075

Re: Employee theft - How best to proceed

I am not a lawyer, but you are aware that your employee committed fraud and you have done nothing to rectify the situation. If you do nothing you are aiding in fraud which would make you an accomplice.
by PVW
Fri Jun 09, 2017 12:36 pm
Forum: Personal Consumer Issues
Topic: Looking for a pan 14x20 inches maybe an inch deep at a low cost
Replies: 14
Views: 1270

Re: Looking for a pan 14x20 inches maybe an inch deep at a low cost

If it doesn't need to be that exact size, then aluminum sheet pans (full, half, quarter) are generally very reasonable at restaurant supply stores. But be careful, they can be a bit expensive for name or department store brands.
by PVW
Fri Jun 09, 2017 12:22 pm
Forum: Investing - Theory, News & General
Topic: Does anyone feel they missed out on AMZN, NFLX,TSLA?
Replies: 103
Views: 7899

Re: Does anyone feel they missed out on AMZN, NFLX,TSLA?

pascal wrote:Hindsight bias I suppose.
If you want to cure yourself of hindsight bias, make some predictions now and see how they do in the future. But then I guess there is the possibility your predictions will work out and you can easily mistake luck for skill.
by PVW
Fri Jun 02, 2017 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Is there a way on earth to reduce SS taxes?
Replies: 54
Views: 5165

Re: Is there a way on earth to reduce SS taxes?

Almost all "tax efficient" posts and articles point to Federal and state taxes. I have read nothing that refers to SS taxes efficiency (while working as an employee). Is there such a way to have this tax reduced? Trying not to be too political, but I'm happy to pay SS tax. This is one case where I ...
by PVW
Fri Jun 02, 2017 2:10 pm
Forum: Personal Consumer Issues
Topic: Car engine dispute
Replies: 29
Views: 2940

Re: Car engine dispute

MP173 wrote: Is there an arbitration service to take this to, or should I contact a lawyer?
What does GM owe you? They weren't obliged to extend your warranty and they are not obliged to retroactively honor it.
by PVW
Wed May 31, 2017 2:58 pm
Forum: Personal Consumer Issues
Topic: Where to Live on $60K or Less a Year?
Replies: 248
Views: 29656

Re: Where to Live on $60K or Less a Year?

Why? Is it a showstopper that MNF doesn't start until 8:30pm?? Everything seems to run "late", including the sunrise time. It is hard to explain in words, but every time we visit somewhere in the eastern time zone, things just feel "off." I agree. I lived most of my life in the Mountain Time Zone. ...
by PVW
Thu May 25, 2017 12:30 pm
Forum: Personal Consumer Issues
Topic: Help! Renters asking for radon mitigation--what do I need to do?
Replies: 18
Views: 1928

Re: Help! Renters asking for radon mitigation--what do I need to do?

If mitigation is needed, how quickly do I need to get it repaired The EPA explains risk in terms of Radon levels and exposure over a lifetime. Given that timescale, as a tenant, I wouldn't be too concerned about a few extra months of exposure. https://www.epa.gov/sites/production/files/2016-12/docu...
by PVW
Thu May 25, 2017 12:06 pm
Forum: Personal Consumer Issues
Topic: Advice on kid's precalc learning
Replies: 47
Views: 3551

Re: Advice on kid's precalc learning

Calculus, and the closely related field of differential equations, are what separate STEM from non-STEM. You don't need precalc to be successful, but I think it would be a shame to remove that opportunity just because some people on the internet said you should give up on helping your kid succeed in...
by PVW
Tue May 23, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 62
Views: 8396

Re: Lawyers charging for asking about fees

I was once billed for 15 minutes of time ($90) for a lawyer sending me a bill... but the bill had nothing on it except that 15 minutes of time for sending me that bill (for no services provided; hadn't talked to him in months). Charged to send me a bill for nothing else but the act of sending an ot...
by PVW
Thu May 18, 2017 2:56 pm
Forum: Personal Consumer Issues
Topic: Neighbor draining onto / flooding my patio and yard daily - what can I do?
Replies: 59
Views: 5886

Re: Neighbor draining onto / flooding my patio and yard daily - what can I do?

I don't want to get lawyers involved In many cases, lawyers can help figure out who is in the wrong, but in this case I agree you probably don't want a lawyer. When it comes to drainage issues, you probably don't want to stick to the letter of the law and, without knowledge of your local laws, it's...
by PVW
Tue May 16, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Take a reduction in pension?
Replies: 23
Views: 1787

Re: Take a reduction in pension?

For an average 69 year old male, you have about a 71% chance of living to age 79. Your average life expectancy is about 15 years and you have about a 28% chance of living to 89. m Giving up some income to guarantee your pension payout for 10 years will not result in the highest expected return, but ...
by PVW
Fri May 05, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Unmarried couple purchasing a home?
Replies: 72
Views: 4759

Re: Unmarried couple purchasing a home?

If your other assets are (or will be) significantly greater than the value of this house, I recommend doing whatever feels right - e.g., if you both want to be "invested" in owning a home, then put both your names on the deed and mortgage, maybe you 2 are more comfortable with a landlord t...
by PVW
Thu May 04, 2017 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Starting new job mid-career - What advice to learn from my past?
Replies: 39
Views: 2583

Re: Starting new job mid-career - What advice to learn from my past?

I used to be an avid mountain biker in challenging terrain. The best piece of encouragement/advice I ever got was "learn to love the uphill ride". If your job is technical support, learn to love the incompetent people. They are job security. You will get noticed by both the incompetent peo...
by PVW
Thu May 04, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: How much would you save if you don't have insurance?
Replies: 32
Views: 2667

Re: How much would you save if you don't have insurance?

If you are asking what you would expect to pay for healthcare if you didn't rely on any kind of insurance, then these studies might be useful (but a bit dated). Prudential estimates that from age 65, the average couple would spend about $200K. Which seem reasonable to include in your retirement savi...
by PVW
Thu Apr 27, 2017 2:51 pm
Forum: Personal Consumer Issues
Topic: $300+ to remove a racoon. Really?
Replies: 83
Views: 5917

Re: $300+ to remove a racoon. Really?

I guess moth balls have pesticides in them that kills the moths. The poison is bad stuff and can kill all kinds of things. See below for links. I will be more careful putting them out to drive away animals. m m Good Luck. Thanks. Learn something new everyday. I had no idea mothballs were pesticides.
by PVW
Thu Apr 27, 2017 12:21 pm
Forum: Personal Consumer Issues
Topic: $300+ to remove a racoon. Really?
Replies: 83
Views: 5917

Re: $300+ to remove a racoon. Really?

FWIW- Had a skunk give birth under our sun room. Threw 10 to 15 moth balls under the sun room porch and that night we watched the mother carry two babies, one at a time in her mouth out from under the porch. Also had a racoon move into our boat, and after scattering a bag of moth balls in the boat ...
by PVW
Tue Apr 25, 2017 11:59 am
Forum: Personal Consumer Issues
Topic: Appealing a bill
Replies: 18
Views: 1563

Re: Appealing a bill

No major problem with the amount of the bill. The concern is with the time with the doctor which was 5 minutes (no procedures, only talk, ordered some tests). What are you appealing? This statement indicates you are dissatisfied with the amount of time you spent with your doctor. What do you expect...
by PVW
Mon Apr 24, 2017 12:27 pm
Forum: Personal Consumer Issues
Topic: Administration Professionals Day
Replies: 17
Views: 1853

Re: Administration Professionals Day

First be sure whether or not she would appreciate a gesture. I know an assistant (who is the brightest star in my sky) that is quite insulted by the special day.

Edited to add: Sorry OP, I didn't mean to attract the pedants and derail your thread.
by PVW
Thu Apr 20, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Why never speak badly about boss? [Need Bogleheads' wisdom]
Replies: 138
Views: 14387

Re: Why never speak badly about boss? [Need Bogleheads' wisdom]

RudyS wrote:BUT, I never complained to anyone other than my wife!


I agree with the general consensus that complaining about the boss is bad, but it can be very cathartic, especially if your boss is causing you stress. Find someone you can trust to complain to.
by PVW
Thu Apr 20, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to start paying down (or off) a low rate mortgage?
Replies: 53
Views: 5925

Re: When does it make sense to start paying down (or off) a low rate mortgage?

Another consideration is future inflation rate. A mortgage is an inflation hedge because you are paying off today's expenditures with tomorrow's inflated dollars. If you expect high inflation, then keep a low rate mortgage and vice versa.