Search found 388 matches

by fishmonger
Fri Aug 18, 2017 9:36 am
Forum: Personal Consumer Issues
Topic: Non-fiction bucket list
Replies: 37
Views: 1497

Re: Non-fiction bucket list

Another vote for Unbroken. One of my favorite books of all time is Cod: A Biography of the Fish that Changed the World by Mark Kurlansky. A fascinating read that might change the way you think about the New World and how/why travel from Europe was possible. If you have any interest in fishing or wor...
by fishmonger
Thu Aug 10, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Future Accountant Seeking Advice
Replies: 10
Views: 930

Re: Future Accountant Seeking Advice

Agree on going Big 4. In a lot of ways, I think you would get better training and hands on opportunities at a small or medium sized firm. But the contacts you make at the Big 4 will help you the rest of your life if you stay in the profession. The hours will be long and brutal at times, but a lot of...
by fishmonger
Thu Aug 10, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 16224

Re: Life at crossroads. What would you do ?

This thread has run its course. The OP has an attitude problem more than a financial/employment one, which I'm sure employers are picking up on. My advice would be to take a deep breath and take some time to regroup. Your thoughts tend to be all over the place. Consider it a luxury to be able to tak...
by fishmonger
Wed Aug 09, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 16224

Re: Life at crossroads. What would you do ?

Guys I'm not whining or being negative intentionally. Just stating my concerns. Moving to LCOL sounds awesome except when you think about the practicalities of getting a job and networking. If I can't get a job with my connections in the valley what chance do I have outside the valley. I don't know...
by fishmonger
Wed Aug 09, 2017 10:14 am
Forum: Personal Consumer Issues
Topic: Obtaining Bachelors in Accounting @ 30
Replies: 40
Views: 3039

Re: Obtaining Bachelors in Accounting @ 30

I agree with many of the replies here. Like I mentioned, I have constant doubts about pursuing this Accounting degree and my main motivation is to make a decent salary to sufficiently support a family on my own... but not much about the job itself. I have a gut feeling that that won't be a good dec...
by fishmonger
Mon Aug 07, 2017 7:39 pm
Forum: Personal Consumer Issues
Topic: Acadia National Park: Bar Harbor, Maine
Replies: 28
Views: 2342

Re: Acadia National Park: Bar Harbor, Maine

We were there the week before the July 4th holiday. Bar Harbor was insanely crowded, I believe the part set attendance records. I would personally avoid staying in Bar Harbor if you are looking for quiet and relaxing. We stayed in Winter Harbor and enjoyed it. We were adjacent to the park and took ...
by fishmonger
Mon Aug 07, 2017 3:29 pm
Forum: Personal Consumer Issues
Topic: Boston to Maine road trip
Replies: 61
Views: 3520

Re: Boston to Maine road trip

Sounds like coastal Maine would be your best bet then. Heading North from Boston, here's what I would do: Salem, MA - Interesting, quirky town. Tons of history, and the best food town you'll find in MA north of Boston Portsmouth, NH - Basically a smaller Portland - beautiful cobblestone streets, his...
by fishmonger
Mon Aug 07, 2017 2:36 pm
Forum: Personal Consumer Issues
Topic: Boston to Maine road trip
Replies: 61
Views: 3520

Re: Boston to Maine road trip

My wife and I are thinking of flying into Boston and driving up the coast to Maine,not sure how far up we will go.I would appreciate suggestions and also is there an inland route returning to Boston to see something different.We will be going around beginning of October for about 10 days.Catching t...
by fishmonger
Wed Aug 02, 2017 9:52 am
Forum: Personal Consumer Issues
Topic: Pool Maintenance Savings
Replies: 26
Views: 1877

Re: Pool Maintenance Savings

Any experience with saline pools? I live in the Northeast and the wife and I are thinking of getting one (above ground) I have a salt pool. Best bang for the buck to get Chlorine in the pool. I like my salt pool as well. I love it. Curious as to what the "cons" are? Admittedly I have not ...
by fishmonger
Tue Aug 01, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: Pool Maintenance Savings
Replies: 26
Views: 1877

Re: Pool Maintenance Savings

Any experience with saline pools? I live in the Northeast and the wife and I are thinking of getting one (above ground)
by fishmonger
Tue Aug 01, 2017 10:44 am
Forum: Investing - Theory, News & General
Topic: Data from Construction Companies as Indicator of Economy Health
Replies: 8
Views: 1016

Re: Data from Construction Companies as Indicator of Economy Health

It's fair in a macro sense. Think about all of the industries that their fortunes are by and large tied to commercial/residential development: automotive, heavy equipment, manufacturing/materials, petroleum, banking/finance, etc.

A little different than a tech company coming out with a new app
by fishmonger
Thu Jul 27, 2017 10:32 am
Forum: Personal Consumer Issues
Topic: Is this rental house/vacation property be worth considering?
Replies: 22
Views: 1424

Re: Is this rental house/vacation property be worth considering?

Also wondering why it would be listed for 20% below market. Find it hard to believe it would be that deep of a discount AND a desirable rental at the same time.

Six hours is a long way away. We converted a primary residence to a rental when we moved 2 hours away and that was too far for us
by fishmonger
Wed Jul 26, 2017 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance as a tax diversification strategy
Replies: 39
Views: 2271

Re: Life insurance as a tax diversification strategy

I disagree that the insurance salesman are not wrong. They are wrong. They are pretending to be fiduciaries by giving financial advice they claim to be in your best interest but for which is definitely not. These high expense insurance products are in the insurance salesman's interest, not yours an...
by fishmonger
Wed Jul 26, 2017 9:07 am
Forum: Investing - Theory, News & General
Topic: Time, not material goods, 'raises happiness'
Replies: 38
Views: 4138

Re: Time, not material goods, 'raises happiness'

It took me a long time to sign on to having someone come clean our house. Probably my New England upbringing and hearing stories from elders about the Depression, immigrating to this country, etc. It seemed like a luxury that I would be embarrassed to tell people about. I have to say, it is some of ...
by fishmonger
Tue Jul 25, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property - Best Legal Structure?
Replies: 23
Views: 1888

Re: Rental Property - Best Legal Structure?

Most landlords I know simply pump up their umbrella policy in addition to the insurance on the properties. That's what I did. Added all my rentals to my umbrella. Banks hate dealing with LLCs and rental property when mortgages are in play. +1. Get a good umbrella policy. That's what I did when I co...
by fishmonger
Tue Jul 25, 2017 9:51 am
Forum: Personal Consumer Issues
Topic: Golfers - need to ramp up ASAP!
Replies: 42
Views: 3618

Re: Golfers - need to ramp up ASAP!

Trust me, most people suck at golf and you can't get better in a month. Memories of you at the golf outing will not be how well you played, but on how many rounds you bought from the cart girl. +1. I really enjoy the game, but because of work, family, other obligations only play a couple of times a...
by fishmonger
Tue Jul 25, 2017 7:25 am
Forum: Personal Finance (Not Investing)
Topic: making a first time home purchase w/ other debts
Replies: 14
Views: 906

Re: making a first time home purchase w/ other debts

@fishmonger -- Read his last sentence "Hopefully cutting my housing costs will allow me to pay back the loans faster while still being able to flex my architect muscles and flip a house here... " He clearly stated he was flipping a house here. It's semantics though. It's not a traditional...
by fishmonger
Mon Jul 24, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: making a first time home purchase w/ other debts
Replies: 14
Views: 906

Re: making a first time home purchase w/ other debts

Just this old lady opinion based on "life" happening. I would cool your jets, cut your lifestyle, pay off your debts, THEN if you want to do something risky -- like you propose (flip a house in a HOT market), you won't feel the stress or the squeeze. What you are aren't factoring in your ...
by fishmonger
Mon Jul 24, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Rental Property By Ourselves
Replies: 15
Views: 911

Re: Selling Rental Property By Ourselves

If it was me, I would not have the balloon payment go out 7 years. Based on the information provided I would prefer 3 years, and accept 5. The fact this buyer cannot get traditional financing tells me his cash flow is tight (relatively speaking). A lot can happen in 7 years - local economy downturn,...
by fishmonger
Mon Jul 24, 2017 8:13 am
Forum: Personal Consumer Issues
Topic: Best Way to Sharpen Tools
Replies: 11
Views: 1130

Best Way to Sharpen Tools

I'm wondering what the best way is to sharpen miscellaneous lawn tools: pruners, lawnmower blades, clippers, axe, etc? I have a handful of old files, but would like to have something that is kind of "one stop shopping" that can take care of most tasks. I hit our knives with a sharpening st...
by fishmonger
Wed Jul 19, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Those Of You In a HCOLA - What's Your Financial Plan
Replies: 68
Views: 6983

Re: Those Of You In a HCOLA - What's Your Financial Plan

In a nutshell, I think you're doing fantastic. I'm in a good place, but I can't fathom where I would be if both my wife and I were maxing out our 401k in our mid 20s. However, I agree with other posters that if you aren't there to make a large income (and a similar job doesn't exist elsewhere) HCOL ...
by fishmonger
Wed Jul 19, 2017 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Rates in 3 years?
Replies: 26
Views: 2442

Re: Mortgage Rates in 3 years?

Do not base the house you can buy on the monthly payment. There are all sorts of creative financing arrangements that are good for the lending/realtor community but not for buyers. What are some of these "creative financing arrangements" and how can I sanity check them? Is simply comparin...
by fishmonger
Tue Jul 18, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Rates in 3 years?
Replies: 26
Views: 2442

Re: Mortgage Rates in 3 years?

My girlfriend and I are discussing our financial future/retirement. We plan to buy a house in 3 years or so. I need to figure out how much house we can afford so I can set expectations early (she wants a big house, and I don't). I want to decide this based on the monthly payments rather than home p...
by fishmonger
Tue Jul 18, 2017 10:01 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 220
Views: 17217

Re: Buying house - Very important decision

I think you've received enough advice. Bottom line is you need to try to be rational, and not emotional. It's hard when house shopping, but your original post about buying a $530k house because your rent might increase is the exact opposite of rational
by fishmonger
Thu Jul 13, 2017 10:13 am
Forum: Personal Consumer Issues
Topic: DirectTV Install
Replies: 14
Views: 1021

Re: DirectTV Install

Have had DirecTV installed on two different properties. They angle the satellite to the Southwest, so figure out where that might be on your roof. Like an earlier poster said, if a roof installation is not possible, they will do a ground mount. This is pretty unsightly in my opinion, and might make ...
by fishmonger
Thu Jul 13, 2017 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 9719

Re: Do you count vehicle equity in net worth?

Personally, I do, but I understand why folks do not. I have two cars fully paid off. Conservatively they're worth $35k combined.

I don't count any other personal assets, even though I have a nice lawn tractor, small boat, etc.
by fishmonger
Tue Jul 11, 2017 10:47 am
Forum: Personal Consumer Issues
Topic: What to wear for job interview - skip the tie?
Replies: 54
Views: 4111

Re: What to wear for job interview - skip the tie?

100% wear the tie. Funny story, I interviewed at PwC when I was a senior in college. The HR person I spoke with specifically told me there was no need to wear a suit and tie since everyone wears business casual around the office (I didn't ask and planned on wearing a suit and tie). So PwC does the f...
by fishmonger
Wed Jul 05, 2017 1:12 pm
Forum: Personal Consumer Issues
Topic: Thinking of moving from MA to RI
Replies: 19
Views: 2233

Re: Thinking of moving from MA to RI

I work in Boston and can potentially transfer to Providence. Wife has a home office. We currently rent in Waltham and my commute is 45-60 minutes door to door. For $400-500k, there doesn't seem to be anything in MA comparable to homes in RI that offer a decent commute (<60 minutes), good schools, a...
by fishmonger
Wed Jul 05, 2017 11:59 am
Forum: Personal Consumer Issues
Topic: Bogleheads - how about an outdoor chair recommendation!
Replies: 18
Views: 2250

Re: Bogleheads - how about an outdoor chair recommendation!

Not sure on the weight requirement, but check out Helinox chairs. My wife and I are borderline obsessed with them. They can be tossed in a backpack/large purse and weigh next to nothing. Fantastic for hiking, outdoor concerts, sporting events, etc.
by fishmonger
Mon Jul 03, 2017 9:51 am
Forum: Personal Consumer Issues
Topic: Thinking of moving from MA to RI
Replies: 19
Views: 2233

Re: Thinking of moving from MA to RI

Lived in Greater Boston for 8 years. Baffles me the people that will suggest taking a commuter rail from the outskirts to downtown. A commuter rail ride from Franklin to South Station is over 1 hour. From there, you'll most likely have a decent walk or take a bus/the T. Door to door, you are probabl...
by fishmonger
Sat Jul 01, 2017 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Should I move abroad to minimize health care costs?
Replies: 80
Views: 6252

Re: Should I move abroad to minimize health care costs?

IMO this seems like an incredibly rash decision. You just bought your house 7 months ago? What changed so dramatically that you now want to sell and move to a foreign country, for some health event that may or may not happen years from now? How much would you lose on transaction costs from selling y...
by fishmonger
Fri Jun 30, 2017 3:03 pm
Forum: Personal Consumer Issues
Topic: Please suggest a $6K-$8K car
Replies: 22
Views: 1900

Re: Please suggest a $6K-$8K car

In that price range you should be able to get a ~2010 Honda Civic or Toyota Corolla with reasonable miles. Oldest kid has a 2010 Civic LX. It drives better than my car. Check budget lots or Craigslist. Used cars are always interesting. Example: This is an 08 Civic, but same body style as 2010. m To...
by fishmonger
Fri Jun 30, 2017 11:15 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 220
Views: 17217

Re: Buying house - Very important decision

I have a friend here in southern CA who is also single income around the OPs salary with one child and wife. They recently bought a house around $500k, and mind you this is CA; it really does not get you too much. Probably around half of the sq footage of the OPs house . He moved in and the first t...
by fishmonger
Fri Jun 30, 2017 8:58 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 220
Views: 17217

Re: Buying house - Very important decision

prettybogle, a good rule of thumb for annual maintenance/property costs is around 1% of FMV. So on a $500k house, you should plan on around $5k a year in upkeep. Obviously that figure can vary depending on if you are handy or hire everything out. I live in the Northeast where the housing stock is ol...
by fishmonger
Thu Jun 29, 2017 10:34 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 220
Views: 17217

Re: Buying house - Very important decision

You're doing this to protect against the risk of your $1300 monthly rent increasing? Something is really off here. Agreed. I'm hoping this was a spur of the moment decision that will be put aside after some time to reflect. OP said their monthly rent might go up from $1300 to $1400 and their counte...
by fishmonger
Thu Jun 29, 2017 8:17 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 220
Views: 17217

Re: Buying house - Very important decision

Agree with others, way too much mortgage for your income. My wife and I gross $125k and have a $225k mortgage (just bought in December)
by fishmonger
Thu Jun 29, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Happy Meeting with CPA Tax Preparer
Replies: 20
Views: 2030

Re: Happy Meeting with CPA Tax Preparer

I think you're confusing advice related to a business purchase/sale (which can be boiled down to tax consequences). The AICPA specifically states under its Professional Liability Program to not provide investment advice unless you "have been adequately trained and licensed to serve as an invest...
by fishmonger
Wed Jun 28, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Happy Meeting with CPA Tax Preparer
Replies: 20
Views: 2030

Re: Happy Meeting with CPA Tax Preparer

Where does one find a fiduciary tax advisor for personal (not business) planning? I guess I will ask my friend who has a PhD in economics who she uses. She's heading toward retirement now and has made some interesting choices. Depending on where you live, you MIGHT be able to find a CPA that's also...
by fishmonger
Wed Jun 28, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Net worth - thanks to this site
Replies: 15
Views: 3607

Re: Net worth - thanks to this site

Congrats! I just hit went over the $250k mark myself a couple of months ago. It seems like I was below $100k forever, then in the $100-200 bucket even longer. Now I'm at $270, and while I anticipate a market correction, $300 is not far off
by fishmonger
Wed Jun 28, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Happy Meeting with CPA Tax Preparer
Replies: 20
Views: 2030

Re: Happy Meeting with CPA Tax Preparer

He also agree with us that it's reasonable for us to continue to have H's life insurance policies as the net premium is maybe $1500/yr for $233k in coverage and the premium rates are for a group plan. We don't HAVE to have it but it is a reasonable investment choice and the premiums are affordable ...
by fishmonger
Tue Jun 27, 2017 3:45 pm
Forum: Personal Consumer Issues
Topic: Best cars for multiple kids
Replies: 51
Views: 3284

Re: Best cars for multiple kids

If you don't want to go the minivan route, get a Toyota Highlander with 3rd row seating
by fishmonger
Tue Jun 27, 2017 3:14 pm
Forum: Personal Consumer Issues
Topic: Which Dealer Cost/Invoice does one use?
Replies: 20
Views: 1736

Re: Which Dealer Cost/Invoice does one use?

Invoice number is irrelevant. What are people paying in total, out the door cost for a vehicle? That's all that matters
by fishmonger
Tue Jun 27, 2017 10:11 am
Forum: Personal Consumer Issues
Topic: Compelling Beneficiaries to Respond - Trust
Replies: 14
Views: 1174

Re: Compelling Beneficiaries to Respond - Trust

You say the uncle's attorney has been less than helpful. Did the attorney have any options for what you can do in this situation? You'd like to think people can't hold up an estate settlement indefinitely by ignoring a letter. That's really what I'm getting at. There must be a certain "curing&...
by fishmonger
Tue Jun 27, 2017 9:35 am
Forum: Personal Consumer Issues
Topic: Compelling Beneficiaries to Respond - Trust
Replies: 14
Views: 1174

Re: Compelling Beneficiaries to Respond - Trust

Maybe they're consulting with an attorney about how to get even more money out of the guy. Look for a letter from a law office that indicates they do not agree to that settlement and want to see the will, or the trust, or plan to contest it, etc. Or maybe they're sick. My uncle put a clause in that...
by fishmonger
Tue Jun 27, 2017 9:07 am
Forum: Personal Consumer Issues
Topic: Compelling Beneficiaries to Respond - Trust
Replies: 14
Views: 1174

Compelling Beneficiaries to Respond - Trust

My great uncle passed away in CT back in January of 2016. There were 11 heirs to his estate, 4 from my family, 7 from his late wife's family. My father and oldest brother are co-trustee's. To make a long story short, our family was very involved throughout his life and to the end. Helped move him in...
by fishmonger
Fri Jun 23, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Personal training and massage expenses
Replies: 14
Views: 1306

Re: Personal training and massage expenses

Short answer: you're a single owner S corp, your company can "pay" for anything. Just a matter of whether it's deductible or not
by fishmonger
Tue Jun 20, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Planning Around Partner's Student Loans
Replies: 30
Views: 2329

Re: Planning Around Partner's Student Loans

Not trying to be judgmental but you've been together 10 years - why not get married? I understand marriage is not for some folks for whatever reason, but you include a lot of disclaimers in your post about whether you will truly be together long-term. I would find this a very difficult relationship ...
by fishmonger
Tue Jun 20, 2017 1:47 pm
Forum: Personal Consumer Issues
Topic: House selling - timeline question
Replies: 23
Views: 1895

Re: House selling - timeline question

Over the years I found that realtors really don't know anything more then I do. When we bought or sold houses, including houses for relatives, they didn't bring anything to the table. +1. Many realtors like to act like they are well seasoned experts in home renovations. Most are just salesmen. I wo...
by fishmonger
Mon Jun 19, 2017 1:34 pm
Forum: Personal Consumer Issues
Topic: Choosing between two siding contractors
Replies: 8
Views: 709

Re: Choosing between two siding contractors

Maybe follow up with #1 and see if he'll meet in the middle, say $15k? I would be hesitant to go with the contractor who did not specify materials. Quality disparity in siding is not as dramatic as say windows, but you're leaving yourself open to him using the cheapest products available
by fishmonger
Mon Jun 19, 2017 9:21 am
Forum: Personal Consumer Issues
Topic: NYC coop
Replies: 12
Views: 1329

Re: NYC coop

I am a little shocked to see that the board can approve/deny buyers. Seems like it opens up the door for discrimination and fair housing laws. Common in co-ops, and you see a lot of those in NYC +1. Saw this in action when a client of mine purchased a unit from a older relative at a "price tha...