Search found 464 matches

by fishmonger
Thu Dec 14, 2017 11:56 am
Forum: Personal Consumer Issues
Topic: Homeowner's Insurance - How Do You Evaluate?
Replies: 23
Views: 1456

Re: Homeowner's Insurance - How Do You Evaluate?

So for someone who's on top of almost all financial issues, one I have never really delved into much is homeowner's insurance, both coverages and premiums. I've shopped around on price and generally taken my agent's advice on coverage. I just received a 10% premium increase for my renewal and figur...
by fishmonger
Thu Dec 14, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: can you deduct a leased car as biz expense if you have only 1 car?
Replies: 4
Views: 490

Re: can you deduct a leased car as biz expense if you have only 1 car?

Keep an accurate mileage log. It's not that difficult but so few people do it, then spend a ton of time trying to recreate it when they get a love letter from the IRS. Simple tips: take a picture of your mileage every Jan 1st and Dec 31st. Set a weekly reminder on your calendar to log what you drove...
by fishmonger
Wed Dec 13, 2017 12:05 pm
Forum: Personal Consumer Issues
Topic: Homeowner's Insurance - How Do You Evaluate?
Replies: 23
Views: 1456

Re: Homeowner's Insurance - How Do You Evaluate?

Dwelling : $500k - Seems high for this area, even though I know replacement costs more than I think (I work in the construction industry) That statement is contradictory. You sense the dwelling coverage is high but you think replacement cost is higher than you think ? Not contradictory at all. I th...
by fishmonger
Wed Dec 13, 2017 11:43 am
Forum: Personal Consumer Issues
Topic: Homeowner's Insurance - How Do You Evaluate?
Replies: 23
Views: 1456

Re: Homeowner's Insurance - How Do You Evaluate?

Personal property is very deceptive. There was a post on Reddit where someone who used to process the claims for personal property explained it very well. They went through a thought exercise on just what is in a typical bathroom and came up with several hundred dollars worth of things to be replac...
by fishmonger
Wed Dec 13, 2017 11:42 am
Forum: Personal Consumer Issues
Topic: Homeowner's Insurance - How Do You Evaluate?
Replies: 23
Views: 1456

Re: Homeowner's Insurance - How Do You Evaluate?

In my opinion, you are under insured. I know in southern New England, it would cost significantly more to replace your house than $100/sq ft for a total loss and that's not including debris removal, etc. When you say rural NH, Fire protection code is a key factor in rating Homeowners. If you have a...
by fishmonger
Wed Dec 13, 2017 11:05 am
Forum: Personal Consumer Issues
Topic: Homeowner's Insurance - How Do You Evaluate?
Replies: 23
Views: 1456

Homeowner's Insurance - How Do You Evaluate?

So for someone who's on top of almost all financial issues, one I have never really delved into much is homeowner's insurance, both coverages and premiums. I've shopped around on price and generally taken my agent's advice on coverage. I just received a 10% premium increase for my renewal and figure...
by fishmonger
Mon Dec 11, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Upside Down On Vehicle
Replies: 16
Views: 1143

Re: Upside Down On Vehicle

If you love the truck and have no intention of trading it in, who cares? Also, a vehicle of that sort will probably get you a lot more in a private sale, so your shortfall may be moot
by fishmonger
Mon Dec 11, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 101
Views: 8929

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

I agree that the constant moving around is extremely unproductive. Especially for your 8 year old. No place is perfect in terms of schools, housing, weather, neighbors, politics, traffic, diversity, etc. Pick a place that you really like and put down some roots +1 Don't let the tail wag the dog. Ro...
by fishmonger
Mon Dec 11, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 101
Views: 8929

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

I agree that the constant moving around is extremely unproductive. Especially for your 8 year old. No place is perfect in terms of schools, housing, weather, neighbors, politics, traffic, diversity, etc. Pick a place that you really like and put down some roots +1 Don't let the tail wag the dog. Ro...
by fishmonger
Mon Dec 11, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 101
Views: 8929

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

I agree that the constant moving around is extremely unproductive. Especially for your 8 year old.

No place is perfect in terms of schools, housing, weather, neighbors, politics, traffic, diversity, etc. Pick a place that you really like and put down some roots
by fishmonger
Thu Nov 30, 2017 3:48 pm
Forum: Personal Consumer Issues
Topic: Water filtration system - worth it?
Replies: 17
Views: 1088

Re: Water filtration system - worth it?

Following this thread as I've been considering the same thing. We have a well and currently use a Brita for drinking water but it's a bit of a pain
by fishmonger
Wed Nov 29, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: When to tell the SO about my financial situation?
Replies: 109
Views: 5497

Re: When to tell the SO about my financial situation?

The original post, and subsequent replies, by the OP are all over the place. It seems to me what the reality of this situation is you are not that wealthy and your GF is not that suspicious. Which is the complete opposite of your original post. In your original post, you wrote "any and all replies/i...
by fishmonger
Wed Nov 29, 2017 5:12 pm
Forum: Personal Consumer Issues
Topic: Negotiating used car - Toyota Highlander
Replies: 32
Views: 1925

Re: Negotiating used car - Toyota Highlander

it depends on the options/mileage, but used Toyota's hold their value incredibly well. It very well may be the case that's the price, and they know someone will pay it
by fishmonger
Wed Nov 29, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: When to tell the SO about my financial situation?
Replies: 109
Views: 5497

Re: When to tell the SO about my financial situation?

Another red flag...You are fibbing or being less than honest, because you know that something is off. Your intuition is telling you something, and you should listen to it. Agreed. I would simply answer it as "I have enough, and I'm financially stable." Or put it back on her as "Why are you so inter...
by fishmonger
Wed Nov 29, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: When to tell the SO about my financial situation?
Replies: 109
Views: 5497

Re: When to tell the SO about my financial situation?

You've only dated for 7 months and she's fishing around for financial information? Wanting to know what you make is not that big of a deal to me, but getting caught looking into your financial affairs is a huge red flag in my opinion. Not something I would just dance around.
by fishmonger
Wed Nov 29, 2017 9:43 am
Forum: Personal Consumer Issues
Topic: failing at hobbies and leisure
Replies: 47
Views: 5061

Re: failing at hobbies and leisure

I would recommend figuring out 2-3 things that you are passionate about or think you would really enjoy and focusing on them. It's a better approach then trying to get into a number of different things at once, which will inevitably lead to failure and an accumulation of stuff to get rid of (speakin...
by fishmonger
Tue Nov 28, 2017 12:58 pm
Forum: Personal Consumer Issues
Topic: How Do You Stay Current With Music?
Replies: 111
Views: 5181

Re: How Do You Stay Current With Popular Music?

I don't. I listen to mostly classic rock. Other than that, my Pandora stations will pick up the slack
by fishmonger
Mon Nov 27, 2017 11:46 am
Forum: Personal Consumer Issues
Topic: iPad - Best Bang for your Buck
Replies: 12
Views: 989

Re: iPad - Best Bang for your Buck

Monk53 wrote:
Mon Nov 27, 2017 10:26 am
I would take into consideration what their schools use.
Thanks all. Their school uses iPads, not sure of the model. We've decided to go with the 32 GB WiFi version
by fishmonger
Mon Nov 27, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Etiquette of converting to exempt status
Replies: 18
Views: 1421

Re: Etiquette of converting to exempt status

3. Again, no labor law expert, but my understanding is that a "key" to being required to pay overtime is based on the type of job being done. I believe that if an exempt employee fills in for a clearly non-exempt job or duties, it is supposed to be paid "overtime". This. Look up the Fair Labor Stan...
by fishmonger
Mon Nov 27, 2017 9:22 am
Forum: Personal Consumer Issues
Topic: iPad - Best Bang for your Buck
Replies: 12
Views: 989

iPad - Best Bang for your Buck

I'm sure this has been answered before, but I couldn't find a consistent answer when searching old threads. DW and I are going to get two iPads for our kids as their big Christmas present, who are 8 and 6. They will be used to play educational games, and maybe occasionally stream movies/shows online...
by fishmonger
Wed Nov 22, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: Public or Montessori Private School
Replies: 60
Views: 4240

Re: Public or Montessori Private School

Your daughter is obviously extremely bright but she's what, 4 years old? I would be way more concerned with her social/emotional skills than violin or writing skills. Let her play on the playground, get dirty, meet new friends, etc. I am a firm believer in public school, period, as long as the schoo...
by fishmonger
Thu Nov 16, 2017 5:00 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 4982

Re: Chain of command

$82k for a bookkeeper? Plus 48k in benefits?? That must be over double the average even for a HCOL area. This is baffling to me - where are you located and what type of NPO is this? I live in the HCOL Northeast and see Exec Director/CFO positions that pay $100k +/- for organizations with $10-20M in...
by fishmonger
Wed Nov 15, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Sobering article for my 25 year old self
Replies: 57
Views: 6906

Re: Sobering article for my 25 year old self

Most folks who talk about saving 50% of income either are extremely high earners, or have other advantages that most don't - no student loans, cheap living arrangements, no dependents, inherited wealth, etc. Most average folks who have a household to support can get nowhere close to saving 50% of t...
by fishmonger
Wed Nov 15, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) contributions on rental income?
Replies: 8
Views: 698

Re: Solo 401(k) contributions on rental income?

A single member LLC is a disregarded entity for federal tax purposes. It would not be treated any differently
by fishmonger
Wed Nov 15, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) contributions on rental income?
Replies: 8
Views: 698

Re: Solo 401(k) contributions on rental income?

Does your wife work? If not, she could qualify as a "real estate professional", which essentially means that is her full-time job. Last I knew that meant working 750 hours/year in the real estate business. That is the only way rental income is non-passive
by fishmonger
Wed Nov 15, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Sobering article for my 25 year old self
Replies: 57
Views: 6906

Re: Sobering article for my 25 year old self

In my opinion, this is a horrible idea. First of all, it totally ignores that most people will get Social Security. Second of all, it ignores that many people will get an employer match in their 401k plans. Both of these issues accelerate the time to FI. But most importantly, why save >50% of your ...
by fishmonger
Wed Nov 15, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: Office Chair Recommendations (Aeron?)
Replies: 37
Views: 2227

Re: Office Chair Recommendations (Aeron?)

Save the money and buy a stand up desk. I've had one for 3+ years and will never go back to sitting
by fishmonger
Wed Nov 15, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Sobering article for my 25 year old self
Replies: 57
Views: 6906

Re: Sobering article for my 25 year old self

Most folks who talk about saving 50% of income either are extremely high earners, or have other advantages that most don't - no student loans, cheap living arrangements, no dependents, inherited wealth, etc. Most average folks who have a household to support can get nowhere close to saving 50% of th...
by fishmonger
Fri Nov 10, 2017 11:53 am
Forum: Personal Consumer Issues
Topic: Questions about buying a used car
Replies: 9
Views: 597

Re: Questions about buying a used car

I can't help on numbers 2 and 3, but why do you think a rental car would be treated worse than a regular used car? Logic tells me it would be the opposite
by fishmonger
Thu Nov 09, 2017 10:45 am
Forum: Personal Consumer Issues
Topic: what pickup truck
Replies: 65
Views: 5006

Re: what pickup truck

Echoing previous comments about what you really need it for. In my opinion, most people buy more truck than they need.
by fishmonger
Wed Nov 01, 2017 7:47 pm
Forum: Personal Consumer Issues
Topic: Gyms with well maintained swimming pool, that aren't Equinox?
Replies: 14
Views: 1150

Re: Gyms with well maintained swimming pool, that aren't Equinox?

Might want to call a few nice hotels in your area. My wife and kids did this a few winters ago, and they got a family monthly pass for $99/month. Best part if you can go during the weekday, there is usually nobody else there Thank you for this valuable information. Could you please let us know what...
by fishmonger
Wed Nov 01, 2017 2:44 pm
Forum: Personal Consumer Issues
Topic: Gyms with well maintained swimming pool, that aren't Equinox?
Replies: 14
Views: 1150

Re: Gyms with well maintained swimming pool, that aren't Equinox?

Might want to call a few nice hotels in your area. My wife and kids did this a few winters ago, and they got a family monthly pass for $99/month. Best part if you can go during the weekday, there is usually nobody else there
by fishmonger
Wed Nov 01, 2017 8:00 am
Forum: Personal Consumer Issues
Topic: Easy Way to Change Guardians in Will
Replies: 8
Views: 553

Re: Easy Way to Change Guardians in Will

stan1 wrote:
Wed Nov 01, 2017 7:41 am
Are you referring to a guardian for your minor children?
Yes, edited the original post. Kids are 8 and 6
by fishmonger
Wed Nov 01, 2017 7:37 am
Forum: Personal Consumer Issues
Topic: Easy Way to Change Guardians in Will
Replies: 8
Views: 553

Easy Way to Change Guardians in Will

So to make a long story short, my wife and I would like to change the guardians in our will from her brother and SO to close friends of ours. We have two children, 8 and 6. Is there a simple way to do this, i.e. not use a lawyer? If my wife and I sign an affidavit of sorts, have it notarized with wi...
by fishmonger
Tue Oct 31, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Can I Afford This House?
Replies: 22
Views: 1754

Re: Can I Afford This House?

Just curious, what makes your $500k income extremely secure for the next 5 years? You clearly can afford it, but I would be nervous with a mortgage of that amount with only one income. What if your comp took a 20% haircut? +1. what makes your $500k income extremely secure for the next 5 years can't...
by fishmonger
Mon Oct 30, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to a K-1. What do I need to know?
Replies: 15
Views: 1522

Re: Moving to a K-1. What do I need to know?

Thanks, all. Based on the replies, I think I will get with a CPA at least initially. Seems like there is a lot of of smart moves to be made and I don't have the time or skillset to figure those out. Full disclosure, I was a CPA in a former life. I am in the minority on this board, but I think it wo...
by fishmonger
Mon Oct 30, 2017 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Can I Afford This House?
Replies: 22
Views: 1754

Re: Can I Afford This House?

Just curious, what makes your $500k income extremely secure for the next 5 years?

You clearly can afford it, but I would be nervous with a mortgage of that amount with only one income. What if your comp took a 20% haircut?
by fishmonger
Fri Oct 27, 2017 4:39 pm
Forum: Personal Consumer Issues
Topic: Chimney Relining Estimate
Replies: 3
Views: 309

Chimney Relining Estimate

NH resident, moved into a house with an old VT Castings wood stove that I'd like to use during the shoulder seasons. Had a chimney inspection this week, with some issues and recommendations. The inspector just sent over an estimate to do the work: Remove cracked terra cotta flue, install 6 inch SS f...
by fishmonger
Thu Oct 26, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: My fear about buying a house justified?
Replies: 72
Views: 6352

Re: My fear about buying a house justified?

I don't think you can afford this. Buying a place that is over 4x your annual income is not smart. There will be folks chiming in saying that living in HCOL area like DC you have to change the rules, but you are also quite behind on retirement savings
by fishmonger
Tue Oct 24, 2017 7:48 am
Forum: Personal Consumer Issues
Topic: Favorite HIIT Workouts
Replies: 24
Views: 1806

Re: Favorite HIIT Workouts

Mountain tactical institute Bodyweight foundation course... Will finish 6 week course this week. Just did 8 mi jog in 75 minutes Lots of High intensity intervals and short sprints with long easy runs as well. Really increased my endurance. Workout scales to fitness level. Definitely recommend. Trai...
by fishmonger
Mon Oct 23, 2017 8:36 am
Forum: Personal Consumer Issues
Topic: Favorite HIIT Workouts
Replies: 24
Views: 1806

Re: Favorite HIIT Workouts

Wondering what you all do for HIIT workouts, or complexes? Kind of got into a rut where I do the same 3 over and over: one sprint workout, one rowing machine, and one on the bike What's an "HIIT workout"? RM Should have specified. HIIT stands for High Intensity Interval Training. Basic idea is to g...
by fishmonger
Mon Oct 23, 2017 8:25 am
Forum: Personal Consumer Issues
Topic: Favorite HIIT Workouts
Replies: 24
Views: 1806

Favorite HIIT Workouts

Wondering what you all do for HIIT workouts, or complexes? Kind of got into a rut where I do the same 3 over and over: one sprint workout, one rowing machine, and one on the bike
by fishmonger
Mon Oct 23, 2017 8:07 am
Forum: Personal Consumer Issues
Topic: Cold feet
Replies: 23
Views: 2465

Re: Cold feet

Psyayeayeduck wrote:
Mon Oct 23, 2017 7:47 am
Darn Tough Socks. Easily one of the best socks out there. A little expensive but you are getting quality out of it.
+1. They are fantastic. Made in America, so they probably cost 2-3x as much as a generic wool sock, but worth every penny
by fishmonger
Fri Oct 20, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: I have to fire someone that I care about personally
Replies: 83
Views: 5509

Re: I have to fire someone that I care about personally

Good point about having another person in the room, I should have added that part. I would also document the conversation after the fact, with corroboration from whatever bandmate accompanies you. You can't be too careful in this regard, especially as you are in a roundabout way navigating difficult...
by fishmonger
Fri Oct 20, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Retirement Savings
Replies: 21
Views: 3029

Re: Inheritance and Retirement Savings

I would find a top law firm with practice areas of both tax and estate law. I would meet with the top attorneys in that firm and require I not get passed down to new hires. I want strategy, not paperwork. Alternatively, I would go to a partner in a top accounting firm like KPMG and ask for a referr...
by fishmonger
Fri Oct 20, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: I have to fire someone that I care about personally
Replies: 83
Views: 5509

Re: I have to fire someone that I care about personally

I get this is difficult, but don't overthink it. Be short and to the point, and most of all be professional. You know her well, so you probably have some idea of how she will react. Practice what you will do/say in those scenarios: what if she begs to stay? Falls apart in front of your eyes? Or thro...
by fishmonger
Tue Oct 17, 2017 11:41 am
Forum: Personal Consumer Issues
Topic: Storing Lawn Tractor over the Winter
Replies: 36
Views: 2244

Re: Storing Lawn Tractor over the Winter

Thoughts on changing the oil? It only has 10 hours on it (got it in late June and it takes about an hour to mow my lawn) Regardless of the seasons, some call for changing the oil after the first 5-10 hours of use to flush small metal particles from the break-in period. Others consider that unnecess...
by fishmonger
Tue Oct 17, 2017 10:46 am
Forum: Personal Consumer Issues
Topic: Storing Lawn Tractor over the Winter
Replies: 36
Views: 2244

Re: Storing Lawn Tractor over the Winter

Thoughts on changing the oil? It only has 10 hours on it (got it in late June and it takes about an hour to mow my lawn)
by fishmonger
Tue Oct 17, 2017 9:09 am
Forum: Personal Consumer Issues
Topic: How do you outfit your feet?
Replies: 27
Views: 2648

Re: How do you outfit your feet?

Agree with lthenderson. You have 9 pairs listed and 4 of them are some variation of boots. I'm a hiker as well, but I get by with a pair of trail runners (I'm also 35 and have good ankles). That being said, do you really need a pair of work boots? I wear sneakers or my Xtra Tuff boots, which are alr...