Search found 6154 matches

by cheese_breath
Fri May 27, 2016 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should a 72 yo renew term life insurance?
Replies: 20
Views: 1157

Re: Should a 72 yo renew term life insurance?

Sometimes parents have a warped idea of wanting to leave an inheritance to their children even though they don't need it. Some people don't like spending money on things they don't want/need and would rather just give it to somebody else instead of "wasting" it. And some won't even spend ...
by cheese_breath
Fri May 27, 2016 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Transferring from Ed Jones without being Taxed
Replies: 17
Views: 674

Re: Transferring from Ed Jones without being Taxed

From your post my answer assumes you're transferring a taxable account. If you are doing a transfer in kind then you're just moving your current funds from EJ to Vanguard. There's no tax there. But if you want to convert them to VG funds you'll have to sell the EJ funds and then buy the VG funds. Se...
by cheese_breath
Fri May 27, 2016 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Should a 72 yo renew term life insurance?
Replies: 20
Views: 1157

Re: Should a 72 yo renew term life insurance?

Who would he want to leave the benefits to if the children don't need them? Charities? Grandchildren? Sometimes parents have a warped idea of wanting to leave an inheritance to their children even though they don't need it. My MIL is a prime example. She has $100K but deprives herself because she wa...
by cheese_breath
Fri May 27, 2016 8:02 am
Forum: Investing - Theory, News & General
Topic: Tax considerations: Only an Asset Location decision??
Replies: 13
Views: 590

Re: Tax considerations: Only an Asset Location decision??

I think maybe he might be suggesting leaning more to stocks over bonds because of more favorable tax treatment of stocks LTCGs?????
by cheese_breath
Wed May 25, 2016 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Whole Life using your RMD
Replies: 28
Views: 2069

Re: Buying Whole Life using your RMD

IMO, that confusion is on purpose (to sell more product). The fact is that only 0.2% of all estates exceed $5 million. ( 2 out of a thousand ) Did the guest make it clear that his advice only applied to those few? If not.... So only ONE of his listeners??? :D And how much of those estates are alrea...
by cheese_breath
Wed May 25, 2016 9:04 am
Forum: Personal Finance (Not Investing)
Topic: FICO Score - Can You Explain This
Replies: 24
Views: 2479

Re: FICO Score - Can You Explain This

dm200 wrote:Without going into the details, I recently signed up for Credit karma - and my scores there were MUCH lower than other scores I have seen for me.

Bad karma?
by cheese_breath
Tue May 24, 2016 10:20 pm
Forum: Investing - Theory, News & General
Topic: Taxable to Roth [Vanguard]
Replies: 5
Views: 398

Re: Taxable to Roth [Vanguard]

If you're asking if after you've already contributed $5,500 from your paycheck can you contribute more from your taxable account, the answer is "No".
by cheese_breath
Tue May 24, 2016 8:21 pm
Forum: Investing - Theory, News & General
Topic: Taxable to Roth [Vanguard]
Replies: 5
Views: 398

Re: Taxable to Roth [Vanguard]

Do you have $5,500 earned income?
by cheese_breath
Tue May 24, 2016 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Raft Stategy
Replies: 44
Views: 7680

Re: Raft Stategy

There's one program I've heard where they spend a whole hour promoting the RAFT strategy, but they never give any indication of what it entails. And I'm satisfied with my equities - fixed income - AA strategy so I've never bothered to investigate it further.
by cheese_breath
Tue May 24, 2016 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Do I really need a new Roth IRA?
Replies: 3
Views: 523

Re: Do I really need a new Roth IRA?

I'm not convinced having a separate Roth is all that complicated. But IMO your simplicity could get a little complicated if you do any rebalancing before you decide to recharacterize. Do you expect VG to trace your transfers between funds to come up with the correct amount to recharacterize when the...
by cheese_breath
Mon May 23, 2016 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: FICO Score - Can You Explain This
Replies: 24
Views: 2479

Re: FICO Score - Can You Explain This

I have two credit cards that offer free FICO scores, one is an American Express & one is a MasterCard. The FICO score is 27 points different. Since I look at them right after each other, should they be the same? Not necessarily. They might be getting their numbers from different credit bureaus....
by cheese_breath
Sun May 22, 2016 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Whole Life using your RMD
Replies: 28
Views: 2069

Re: Buying Whole Life using your RMD

... I also heard this same pitch from an Insurance Agent with a church group. These guys are pitching never to use the money you saved your whole life. Read this link on affinity fraud. Although what he's doing isn't legally fraud he may be trying to exploit your trust and friendship to sell whole ...
by cheese_breath
Sun May 22, 2016 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Whole Life using your RMD
Replies: 28
Views: 2069

Re: Buying Whole Life using your RMD

Probably to start this discussion, maybe someone can clarify these: - Would a whole life policy get taxed when it is inherited? What kind of taxes are involved with this? - Are RMDs (required minimum distributions) are taxed at your Income tax rate (Fed and state?)? They're part of your normal inco...
by cheese_breath
Sun May 22, 2016 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Whole Life using your RMD
Replies: 28
Views: 2069

Re: Buying Whole Life using your RMD

It's a good deal.... for the insurance salesman.
by cheese_breath
Sun May 22, 2016 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Some days still not sure I made the right choice
Replies: 49
Views: 7747

Re: Some days still not sure I made the right choice

I think that saving can be overrated if you miss out on experiences. I would hate to miss out on things in my 20s to use the money in my 70s. Trips to europe are a good example. Dont care that I blew the money. It's pretty easy being without savings when you are young but not so much when you get o...
by cheese_breath
Sun May 22, 2016 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Some days still not sure I made the right choice
Replies: 49
Views: 7747

Re: Some days still not sure I made the right choice

... 20 years and I still have nightmares about the job,.... 19 years and ditto. :( Bet you also recall those first days and weeks after retiring how wonderfully sweet and pure the taste of finally being " free as the birds and the bees" like I and the wife did! Wish we could have bottled ...
by cheese_breath
Sat May 21, 2016 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 217

Re: Pride in no inheritance to kids?

OP here. Such amazing and interesting (and diverse) responses. In a way, I think the thread has helped me to clarify to myself what I mean when I say that a major goal of mine is to leave a substantial inheritance to my kids. Also, several people have suggested that perhaps because we have received...
by cheese_breath
Sat May 21, 2016 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Some days still not sure I made the right choice
Replies: 49
Views: 7747

Re: Some days still not sure I made the right choice

SeeMoe wrote:... 20 years and I still have nightmares about the job,....

19 years and ditto. :(
by cheese_breath
Sat May 21, 2016 12:19 pm
Forum: Personal Consumer Issues
Topic: Corporate ladder and Balanced life
Replies: 2
Views: 461

Re: Corporate ladder and Balanced life

It seems to me the higher you go the more you have to make the corporation your life and god.
by cheese_breath
Sat May 21, 2016 12:15 pm
Forum: Personal Consumer Issues
Topic: surface street or freeway commute?
Replies: 32
Views: 1516

Re: surface street or freeway commute?

Assuming the freeways aren't toll roads my personal preference would be the freeway. Even though freeways can also be stop and go at busy times, at least when the guy ahead of you moves a few feet you can too. You didn't say where in TX, but some of the red lights are very long in the Dallas area. ...
by cheese_breath
Sat May 21, 2016 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Can not access my vanguard account!
Replies: 11
Views: 790

Re: Can not access my vanguard account!

Just logged onto mine OK.
by cheese_breath
Sat May 21, 2016 11:22 am
Forum: Personal Consumer Issues
Topic: surface street or freeway commute?
Replies: 32
Views: 1516

Re: surface street or freeway commute?

Assuming the freeways aren't toll roads my personal preference would be the freeway. Even though freeways can also be stop and go at busy times, at least when the guy ahead of you moves a few feet you can too. You didn't say where in TX, but some of the red lights are very long in the Dallas area. I...
by cheese_breath
Sat May 21, 2016 9:03 am
Forum: Personal Finance (Not Investing)
Topic: MIL selling Her Sister's House; How to gift the proceeds
Replies: 9
Views: 786

Re: MIL selling Her Sister's House; How to gift the proceeds

As others have pointed out, what you are missing is you and your family cannot game the system by selling your aunt's house, giving the proceeds to someone else and then expecting her to receive full government funding to cover her long term care and future expenses..... Nor should you. As one of m...
by cheese_breath
Fri May 20, 2016 6:39 pm
Forum: Personal Consumer Issues
Topic: Acting like a boss!
Replies: 21
Views: 1626

Re: Acting like a boss!

When my teenagers want to know why I'm doing something, I tell them because this is my house you don't like it buy your own house. When I tell them to do something and they ask why I tell them because I said so. I am the boss. My house, my rules. You don't like it, tough crap. It's not supposed to ...
by cheese_breath
Fri May 20, 2016 12:15 pm
Forum: Personal Consumer Issues
Topic: Food waste because of date labeling
Replies: 26
Views: 1568

Re: Food waste because of date labeling

I have a problem with DW on this. She insists the 'sell by' date on packages means 'eat by'.
by cheese_breath
Fri May 20, 2016 12:13 pm
Forum: Personal Consumer Issues
Topic: Acting like a boss!
Replies: 21
Views: 1626

Re: Acting like a boss!

Does he have examples of specific instances?
by cheese_breath
Fri May 20, 2016 10:57 am
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 149
Views: 11732

Re: Is there a such thing as a blue collar Boglehead?

I don't qualify since I was middle income before I retired. But I think being a Boglehead is more a state of mind than measure of financial worth. Those who have less to invest will end with less in the long run. But they will end up with more than non-Bogleheads of the same income level.
by cheese_breath
Fri May 20, 2016 10:41 am
Forum: Investing - Theory, News & General
Topic: Ally reduces 5 year CD rate
Replies: 16
Views: 2775

Re: Ally reduces 5 year CD rate

I wouldn't want to tie my money up for 5 years at those rates, especially when I can get an Ally 4 year raise your rate CD at 1.4%. I had a 4 year CD with Countrywide Bank long ago (before they went belly up) at around 4.25%. Seemed like a great rate when I took it out but wasn't so great by the tim...
by cheese_breath
Fri May 20, 2016 10:17 am
Forum: Personal Consumer Issues
Topic: Advice w/ 62YO Mom Moving In - Rent? Resentment? Plans?
Replies: 95
Views: 7830

Re: Advice w/ 62YO Mom Moving In - Rent? Resentment? Plans?

... It is not unreasonable to expect OP's mom to find some way to contribute to the family, according to her ability. And in fact many old people feel the need to do in order to preserve some feelings of dignity and independence. To totally pay all their expenses can damage their pride and feelings...
by cheese_breath
Fri May 20, 2016 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Some days still not sure I made the right choice
Replies: 49
Views: 7747

Re: Some days still not sure I made the right choice

I think that saving can be overrated if you miss out on experiences. I would hate to miss out on things in my 20s to use the money in my 70s. Trips to europe are a good example. Dont care that I blew the money. I think too many expensive experiences at a young age are overrated if they leave you in...
by cheese_breath
Thu May 19, 2016 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Some days still not sure I made the right choice
Replies: 49
Views: 7747

Re: Some days still not sure I made the right choice

...I had mentioned that I took on a part time job which is very physical job and I'm very tired by evening. I really do like it because now I'm tired physically not mentally. I can be just one of the guys sweating and with tired muscles.... At age 59 your body still has the capacity to strengthen w...
by cheese_breath
Thu May 19, 2016 7:42 pm
Forum: Personal Consumer Issues
Topic: Advice w/ 62YO Mom Moving In - Rent? Resentment? Plans?
Replies: 95
Views: 7830

Re: Advice w/ 62YO Mom Moving In - Rent? Resentment? Plans?

.... 7. Other siblings? if so, try to "involve" them to some degree at least. Yes, several. No way to say this without sounding horribly pompous, but I have always been the one to think about my parent's situation. It has pained me for many years. I have gotten very little input over the ...
by cheese_breath
Thu May 19, 2016 3:55 pm
Forum: Investing - Theory, News & General
Topic: Acquaintance asking about recession
Replies: 30
Views: 2522

Re: Acquaintance asking about recession

I've never ever had an acquaintance e-mail me about upcoming recession predictions. What's up with that? Has anybody else had this happen to them? Maybe I don't have any friends, much less paranoid friends? I don't even understand why anyone would e-mail those thoughts to anyone in the first place....
by cheese_breath
Thu May 19, 2016 3:46 pm
Forum: Investing - Theory, News & General
Topic: Acquaintance asking about recession
Replies: 30
Views: 2522

Re: Acquaintance asking about recession

should find an investment strategy that works in spit of multiple recessions. The typo made me laugh. Using biblical verbs, as in the Monty Python comedy movie with English knights: I spit-eth upon your multiple recessions, as I will stay-eth the course..... But be careful of the Knights who say Ni...
by cheese_breath
Thu May 19, 2016 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Getting married and how to quit my job. This is follow-up post earlier post
Replies: 16
Views: 1548

Re: Getting married and how to quit my job. This is follow-up post earlier post

Everything here sounds reasonable... just wanted to make sure I wasn't doing anything unreasonable that might rub people the wrong way (or at least minimize creating any hard feelings). I realize a few might not think highly about my idea, but overall it will be all good with most that understand I...
by cheese_breath
Thu May 19, 2016 8:25 am
Forum: Personal Consumer Issues
Topic: Car insurance - increased liability 500k
Replies: 16
Views: 1438

Re: Car insurance - increased liability 500k

Both. Certainly the additional coverage will increase the premium, but you'll be glad you had it if you someday find yourself liable for more than 300K. Also if you ever intend to get an umbrella policy, which you should with assets over 300K, many insurers will require you to have the maximum liabi...
by cheese_breath
Wed May 18, 2016 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Signing Bonus -- possible to negotiate to minimize taxes?
Replies: 23
Views: 1562

Re: Signing Bonus -- possible to negotiate to minimize taxes?

... Essentially, I will be paying large amount of the bonus as tax AND if I leave prior to 1 year for any reason I would actually be losing money after paying the bonus back on an after tax basis... I'm no tax expert but I'm guessing the repayment might somehow be deductible in the year you repaid ...
by cheese_breath
Wed May 18, 2016 10:47 pm
Forum: Investing - Theory, News & General
Topic: Acquaintance asking about recession
Replies: 30
Views: 2522

Re: Any signs we AREN'T headed for a recession?

Yes! We are heading for a recession. Can your friends tell us when? Next week? Next year? Five years?

If you're a long way from retirement that might reduce stock values so you can buy low. If you're close to or in retirement you should have already modified your AA to address the possibility.
by cheese_breath
Wed May 18, 2016 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Getting married and how to quit my job. This is follow-up post earlier post
Replies: 16
Views: 1548

Re: Getting married and how to quit my job. This is follow-up post earlier post

I didn't see your other thread but it appears you're "quitting job for long honeymoon". So why all the drama? If your boss asks just tell you're getting married and would like take a long honeymoon and spend time with your new wife before returning to work. Period. If he asks if you have a...
by cheese_breath
Wed May 18, 2016 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 217

Re: Pride in no inheritance to kids?

People on this website are smart. Why the pride in not specifically planning to leave inheritance? What am I missing? I didn't follow the thread you're referring to... I can't think of specific threads, but I do recall various posts along the line OP mentions. Except I'm not sure pride is the right...
by cheese_breath
Wed May 18, 2016 7:41 am
Forum: Personal Consumer Issues
Topic: Did your children ever completely move out?
Replies: 53
Views: 3731

Re: Did your children ever completely move out?

Not much, but what little they did leave I've appropriated for my own use.
by cheese_breath
Tue May 17, 2016 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with old mutual funds?
Replies: 7
Views: 501

Re: What to do with old mutual funds?

alaskantraveler wrote:... but that that since I had already paid the front load fees might as well stay with them...

I don't know enough about American funds to make any suggestions one way or the other. But the reason you give for staying is balderdash. That money is gone whether you move or stay.
by cheese_breath
Tue May 17, 2016 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Account - SP500 or TSM??
Replies: 6
Views: 606

Re: Taxable Account - SP500 or TSM??

My preference is TSM. However to my mind the performance difference is negligible, and I'll jump back an forth between the two when I harvest tax losses or gains without any qualms.
by cheese_breath
Tue May 17, 2016 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Withhold $0 income taxes for 2nd half of year?
Replies: 5
Views: 506

Re: Withhold $0 income taxes for 2nd half of year?

If you've paid all your taxes for the year in advance the IRS is happy. You shouldn't have to pay any more.
by cheese_breath
Mon May 16, 2016 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Some days still not sure I made the right choice
Replies: 49
Views: 7747

Re: Some days still not sure I made the right choice

I definitely made the right choice retiring at 56. I wouldn't go back to work if they paid me. :D
by cheese_breath
Mon May 16, 2016 9:35 pm
Forum: Personal Consumer Issues
Topic: Is it OK to leave home wifi on?
Replies: 55
Views: 3606

Re: Is it OK to leave home wifi on?

You could install a motion detection system to turn it off whenever there's nobody in the room. :twisted:
by cheese_breath
Mon May 16, 2016 9:32 pm
Forum: Investing - Theory, News & General
Topic: Dumb question - is the market "good" right now?
Replies: 19
Views: 1711

Re: Dumb question - is the market "good" right now?

Why do you care what a co-worker thinks unless his name is Buffett?
by cheese_breath
Mon May 16, 2016 9:01 pm
Forum: Personal Consumer Issues
Topic: Did I uncover a scam?
Replies: 34
Views: 3992

Re: Did I uncover a scam?

Dealers sub out a lot of repair work, often including glass work, body work, and paint work. I don't think I've ever see a paint booth at a dealership, they don't want to tie up the space in an activity that isn't consistently needed. And I'm not sure I want an engine mechanic painting my car anyway.
by cheese_breath
Mon May 16, 2016 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Hiring kids to jumpstart their Roth IRAs
Replies: 13
Views: 1464

Re: Hiring kids to jumpstart their Roth IRAs

A 19 month old dental assistant???

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