Search found 940 matches

by hand
Thu Feb 23, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating tips for selling condo to tenant
Replies: 28
Views: 2311

Re: Negotiating tips for selling condo to tenant

Extend current lease through early 2018 so lease termination coincides with your preferred selling season. Don't change rent as gesture of goodwill, but extract promise from renters to help with a small number of showings and increase strength of language (if legal) regarding penalties if tenant doe...
by hand
Wed Feb 22, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Maternity leave and Condo Loss = opportunity to liquidate taxable
Replies: 9
Views: 842

Re: Maternity leave and Condo Loss = opportunity to liquidate taxable

Make sure you understand the rental math...

1) As noted above - was loss during the period the property was a rental
2) Is this a property you owned for a while (I'm assuming yes as most property has gained in last 7 years) - if so, be sure your "loss" is net of recaptured depreciation
by hand
Sat Feb 18, 2017 6:34 pm
Forum: Personal Consumer Issues
Topic: Induction cooktop impressions?
Replies: 31
Views: 1625

Re: Induction cooktop impressions?

I did similar research in the past, and came to the conclusion that quality induction was likely equal to or better than gas in many cases. Hidden negatives / surprises I read about were as follows: 1) Occasionally users noted a buzzing sound from the stove / pots when cooking 2) Glass top less dura...
by hand
Wed Feb 15, 2017 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Currently an Edward Jones client and need some advice
Replies: 32
Views: 2187

Re: Currently an Edward Jones client and need some advice

I asked him is edward Jones isn't required to act in their clients best interest and they have me in funds where they get a kickback, how do I know the only reason I'm in those funds isn't because of the kickback they get and that they aren't required to act in my best interest. All he said was he ...
by hand
Tue Feb 14, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: First time home buyer advice
Replies: 16
Views: 1429

Re: First time home buyer advice

FYI a family member reports that Well Fargo sent a letter saying PMI ~$40/month, won't automatically drop off until original LTV is 78%, 20 months from now - $800 total. Or she can pay WF a $550 fee right now to re-appraise to confirm she is at or below 80% to get the PMI dropped now. Another squee...
by hand
Mon Feb 13, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: 1 pay check/3 people, making sense of LI
Replies: 3
Views: 687

Re: 1 pay check/3 people, making sense of LI

At a high level, what you've described: $X needed for next 7 years of living expenses if your spouse dies now + $Y needed further in the future for college expenses can be handled one of two ways: 1) One insurance policy for $X + $Y dollars (possibly adjusted for inflation / time value of money) las...
by hand
Tue Feb 07, 2017 8:16 am
Forum: Personal Consumer Issues
Topic: Disney Cruise instead of Disney World?
Replies: 45
Views: 4041

Re: Disney Cruise instead of Disney World?

There's no chance we'd pull our son out of school for a vacation. Thank you. I can't believe that there are people that attach so little importance to their childrens' education that they would even consider this. We took our daughter to Disney World when she was five and then had to take her back ...
by hand
Mon Feb 06, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: First time home buyer advice
Replies: 16
Views: 1429

Re: First time home buyer advice

Realtors say they take 6%. Data (albeit somewhat dated) shows they take between 5% & 5.4% in the internet era (post 2000) http://www.economist.com/node/21554204 https://www.justice.gov/atr/competition-real-estate-brokerage-industry (see table 1) First step in keeping hands out of your pockets is...
by hand
Thu Feb 02, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Are Defined Benefit Plans a rip off?
Replies: 49
Views: 3990

Re: Are Defined Benefit Plans a rip off?

A defined benefit plan is usually through an employer. What this sounds like is an annuity. An annuity purchased before you need it and through a "financial advisor" is almost certainly a bad deal. You are right to be concerned. JT Thank you. This is a private "defined benefit plan&q...
by hand
Mon Jan 30, 2017 10:38 am
Forum: Personal Consumer Issues
Topic: Please tell me if I can afford this Porsche
Replies: 81
Views: 5196

Re: Please tell me if I can afford this Porsche

Your household makes more then $1mm annually and your asking if you can afford a $75k car? That's exactly what I'm asking. I think sometimes folks find it hard to fathom the astounding cost of living differences that can exist within our country. We make about $1M, yes. Our actual after-tax take-ho...
by hand
Fri Jan 27, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Cashing out for 2017 expenses while market is high?
Replies: 33
Views: 3196

Re: Cashing out for 2017 expenses while market is high?

Though I would've thought the wise thing to do would be to always have at least a year's worth of expenses in cash in order to weather a market downturn without having to pull cash when it's low. The problem with that strategy is that you're foregoing the expected return on that money every moment ...
by hand
Fri Jan 27, 2017 9:17 am
Forum: Personal Consumer Issues
Topic: 75 gallon hot water heaters
Replies: 40
Views: 2409

Re: 75 gallon hot water heaters

It is a gas water heater. So far it seems like it gives plenty of hot water, and is only set on medium. Maybe there was a problem with the old one. We are in a big sprawling one story house. The water heater is in the basement, in the middle of the house. It is a long way for the water to go to the...
by hand
Thu Jan 26, 2017 8:21 pm
Forum: Personal Consumer Issues
Topic: 75 gallon hot water heaters
Replies: 40
Views: 2409

Re: 75 gallon hot water heaters

With 4 people taking showers within 15-minutes of each other, my 50-gallon electric water heater just could not handle it unless I turned the thermostat up very high. I installed an 80-gallon water heater a few years ago, before the new regulations. Switch to low-flow shower heads. I'll try that wh...
by hand
Thu Jan 26, 2017 11:43 am
Forum: Personal Consumer Issues
Topic: 75 gallon hot water heaters
Replies: 40
Views: 2409

Re: 75 gallon hot water heaters

Depending on your use case, a high recovery 50 gallon may meet your needs as well as or better than a 75 gallon tank.

Do you need a lot of water all at once (fill a large tub), or is it multiple uses (laundry, dishwashing, multiple showers) in quick succession?
by hand
Thu Jan 26, 2017 11:34 am
Forum: Personal Consumer Issues
Topic: Is there a best way to buy a new vehicle that's not on the lot yet?
Replies: 24
Views: 2486

Re: Is there a best way to buy a new vehicle that's not on the lot yet?

To me, there is an important distinction between scarce (not many exist for sale) and rare (in demand due to scarcity). While you use the colloquial "rare" in your post, I think what you are describing is a scarce, but not particularly in demand truck. I would consider (and probably cross-...
by hand
Thu Jan 26, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Moving into a rental before current occ closes
Replies: 9
Views: 703

Re: Moving into a rental before current occ closes

You should be worried. In all likelihood things will work out fine, however you are in a situation where you are dependent on a specific move-in date, but the landlord who rented you the property has no way to guarantee the property will be available on that date because they have no way to compel t...
by hand
Wed Jan 25, 2017 9:56 am
Forum: Personal Consumer Issues
Topic: Visiting Princeton/Philadelphia, where to stay
Replies: 24
Views: 1427

Re: Visiting Princeton/Philadelphia, where to stay

Sounds like a college visit? If so, I'd think you'd want to spend more time in Princeton than the average visitor to get a real feel for the school, the town and the people. I'd consider 2 nights in Princeton, then train into Philadelphia (direct from Trenton assuming you have a car, slightly more c...
by hand
Tue Jan 24, 2017 1:30 pm
Forum: Personal Consumer Issues
Topic: Best Places to Live in US?
Replies: 123
Views: 11277

Re: Best Places to Live in US?

I second the suggestion of ranking priorities before going down the rabbit hole of where is best... Typically, decision criteria are ordered something like the following: 1) Where is good work available 2) Where are there good school options for the kids that I can afford 3) Where is current family ...
by hand
Tue Jan 24, 2017 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Pickle - how to disengage advisory services
Replies: 19
Views: 2013

Re: Pickle - how to disengage advisory services

When you're in a hole, first thing to do is stop digging: 1) Stop any new contributions 2) As noted above, turn off dividend reinvestments Second, get strategic about reducing influence of the advisor including ability to churn you into frontloaded funds / charge closure fees (Order of the following...
by hand
Mon Jan 23, 2017 5:00 pm
Forum: Personal Consumer Issues
Topic: Getting my electricity usage under control
Replies: 34
Views: 3725

Re: Getting my electricity usage under control

Do you have a "spare" refrigerator or freezer in the basement? These are absolute electricity sucking devices. If you figure you're saving money by buying meat and freezing it for later use, do the math. You may not be saving anything because the freezer is always using electricity. Is th...
by hand
Mon Jan 23, 2017 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Investing advice for recently widowed 62 yr old Man
Replies: 7
Views: 951

Re: Investing advice for recently widowed 62 yr old Man

Standard (and good) guidance is not to make any big changes immediately after a loss. Using cash to max tax beneficial accounts sounds like a really good plan, and drag of cash over a couple years won't be too bad, though there may be short term bonds that are likely to yield slightly better return ...
by hand
Mon Jan 23, 2017 12:31 pm
Forum: Personal Consumer Issues
Topic: When to proactively replace water heater
Replies: 60
Views: 5928

Re: When to proactively replace water heater

It's on our list for replacement this year, when we have the money set aside for it or when it dies--whichever comes first. Since it's in the basement, in an unfinished area, less than a foot away from a floor drain, it's not going to cause a lot of damage if it ruptures or leaks. If we have room i...
by hand
Fri Jan 20, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Where to get $100k for home remodel?
Replies: 34
Views: 3716

Re: Where to get $100k for home remodel?

401(k) loan? Liquidate some Roth (and potentially pay back)? Potential for misuse is high, and I understand why many are passionately against anyone ever touching retirement assets, but both seem to be reasonable options to me for people who have overfunded / are ahead of the game in their retiremen...
by hand
Thu Jan 19, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Am I evaluating rental profitability correctly in terms of depreciation?
Replies: 6
Views: 566

Re: Am I evaluating rental profitability correctly in terms of depreciation?

I'm having a really hard time wrapping my head around Section 8 tenants in a Historic district with an activist historical commission. As it stands now, you are spending money to be the buffer between the historical commission and the long term, terminally ill residents. Is there any way to either a...
by hand
Mon Jan 09, 2017 11:03 am
Forum: Personal Consumer Issues
Topic: Desktop PC monitors
Replies: 13
Views: 1182

Re: Desktop PC monitors

Have you considered an ultrawide monitor? Also be aware that a bigger monitor may not be able to display more information if resolution is identical (e.g. 2560 × 1440-pixel resolution). Monitor size decisions are really a function of your eyesight and distance from the monitor (and budget). If you n...
by hand
Thu Jan 05, 2017 8:48 am
Forum: Personal Consumer Issues
Topic: A kitchen timer made in the USA.........
Replies: 22
Views: 1825

Re: A kitchen timer made in the USA.........

I'm a fan of the Thermoworks triple time stick and single time stick, though unclear of manufacturing location.

These are clearly products designed by engineers to work well vs. lots of the junk that is made to meet a price-point and marketing bullet points irrespective of functionality.
by hand
Thu Dec 22, 2016 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Reliable washer/dryer brands
Replies: 42
Views: 3055

Re: Reliable washer/dryer brands

Just took delivery two weeks ago of matching Speed Queen top-load washer (with agitator) and electric dryer, both with electronic controls guaranteed for five years. Manual controls are guaranteed for three years. Niece bought same set a little over a year ago and loves them. You won't find Speed Q...
by hand
Tue Dec 20, 2016 9:23 am
Forum: Personal Consumer Issues
Topic: Water Heater Install $1,800!
Replies: 50
Views: 4966

Re: Water Heater Install $1,800!

Well called the guy to price match. He basically said you need to compare apples to apples. He installs Bradford White WHs, he could get Rheems but the customer service, warranty, and quality of Bradford Whites are superior to Rheems. After the standard un-educated google search I pretty much found...
by hand
Mon Dec 19, 2016 10:07 am
Forum: Investing - Theory, News & General
Topic: Concept of Bogleheads needing to "Save more"
Replies: 61
Views: 4986

Re: Concept of Bogleheads needing to "Save more"

Hello, Like many other bogleheads, I'm often trying to advise friends and family members to follow this type of investing. That being said, I've noticed something in the commonly stated bogleheads principals and don't fully understand the need for it. To put it simply, why does it constantly need t...
by hand
Fri Dec 16, 2016 9:18 am
Forum: Personal Consumer Issues
Topic: Benefits/longevity of more expensive ($300+) mens dress shoes?
Replies: 40
Views: 2912

Re: Benefits/longevity of more expensive ($300+) mens dress shoes?

Also, would the Peal shoes and cordovan at BB be worth extra cost? I'm a huge fan of shell cordovan as it wears like iron, keeps a shine and requires minimal care and polishing vs. more traditional leather. ~$300 premium for cordovan is likely not "worth it" for many, but for a lifetime p...
by hand
Thu Dec 15, 2016 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: If and how to bring up inappropriate conduct of former boss?
Replies: 60
Views: 4651

Re: If and how to bring up inappropriate conduct of former boss?

For 4 years I reported to a director in my mega-corp who over that time acted unprofessionally and also on several occasions made decisions that I thought to be negligent , including threatening to terminate me for insubordination for fixing inaccuracies in software that generated reports that were...
by hand
Thu Dec 15, 2016 12:37 pm
Forum: Personal Consumer Issues
Topic: Benefits/longevity of more expensive ($300+) mens dress shoes?
Replies: 40
Views: 2912

Re: Benefits/longevity of more expensive ($300+) mens dress shoes?

Bought 2 pairs of Allen Edmonds shoes for around $200 to $300 each and after wearing them for about 150 days a year for 3 years, both shoes either up with a hole on the bottom of the shoes. Guess it doesn't matter how expensive the shoes are and how long they last if you wear them over 150 days a y...
by hand
Wed Dec 14, 2016 3:53 pm
Forum: Personal Consumer Issues
Topic: Shopping for a Replacement Roof bc of Hail Damage
Replies: 17
Views: 1358

Re: Shopping for a Replacement Roof bc of Hail Damage

Would folks who upgraded to a metal roof be willing to share some rough guidance on cost vs. shingles and expected benefits for the additional cost?

This is a direction I've considering heading, but would love more information from actual purchasers!
by hand
Thu Dec 08, 2016 9:17 pm
Forum: Personal Consumer Issues
Topic: New Tires for Saab 9.3 Sedan
Replies: 16
Views: 1126

Re: New Tires for Saab 9.3 Sedan

I'm not a fan of all seasons - we run summer/winters on all of our cars, but check out the Continental Extremecontact DWS06, the Michelins also have a good reputation. I put Continental DWS' on a 9-3 three years ago and put ~5k miles / year on the car mostly within town (I had some expectation of s...
by hand
Thu Dec 08, 2016 3:32 pm
Forum: Personal Consumer Issues
Topic: Frying pan recommendations
Replies: 53
Views: 3260

Re: Frying pan recommendations

Any recommendations for a large frying pan? I like the ease of cleaning non-stick ones, but my wife gets concerned about the chemicals used in some of them...and happy wife = happy life Depends what you are planning to use it for: For eggs / fish - go with a commercial non-stick frying pan; these b...
by hand
Thu Dec 08, 2016 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Schwab retirement quote on 4 mil. Advice??? Can I do better?
Replies: 29
Views: 4642

Re: Schwab retirement quote on 4 mil. Advice??? Can I do better?

In one conversation the Schwab person quoted .7% as their annual management "fee". But it was not quoted in the proposal. Is it normal that there are no specifics as to portfolio fund composition and details? Seems normal for a high fee "advisor" whose interests aren't aligned w...
by hand
Mon Nov 21, 2016 3:16 pm
Forum: Personal Consumer Issues
Topic: Any recommendations on washers and dryers?
Replies: 24
Views: 1400

Re: Any recommendations on washers and dryers?

If you don't mind the hassle / risk of buying used, or just prefer the lower upfront cost, I suspect used basic models from a private party with a good back-story (moving, replaced for fancy new matching etc.) replaced when they die (with all the hassle that entails) are the lowest total cost. After...
by hand
Fri Nov 11, 2016 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Home shopping, Potential roof leaking despite new roof
Replies: 22
Views: 1395

Re: Home shopping, Potential roof leaking despite new roof

At a low enough price the house is likely a good deal so I would push hard since you have nothing to lose. You can also start shopping for a different house in case this one does not work out. This is also a great way to let your realtor know that they've failed in their attempt to get you to accep...
by hand
Fri Nov 11, 2016 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Home shopping, Potential roof leaking despite new roof
Replies: 22
Views: 1395

Re: Home shopping, Potential roof leaking despite new roof

All real estate agents work for the seller (the seller pays both agents in typical transactions). People work for the person who forks over the money. You may want to do a little research on this question. http://www.streetdirectory.com/travel_guide/32307/home_improvement/who_does_your_real_estate_...
by hand
Fri Nov 11, 2016 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Underwater mortgage on rental: Should I refinance, recast, or do nothing
Replies: 11
Views: 1482

Re: Underwater mortgage on rental: Should I refinance, recast, or do nothing

Good luck with the rent to own; if it works, it can be a great way to simultaneously solve buyer and seller challenges. My understanding is in line with Meg's note above - most rent to own situations fail. While this can be a boon to the owner who has collected extra "rent" until the deal ...
by hand
Fri Nov 11, 2016 8:43 am
Forum: Personal Finance (Not Investing)
Topic: John Hancock discontinues LTC insurance sales
Replies: 45
Views: 4433

Re: John Hancock discontinues LTC insurance sales

Again, my decision not to buy Long Term Care insurance is vindicated. It tells you something when big players like Met Life and John Hancock exit the business. I'm not sure I understand this sentiment... I'd think the holy grail of insurance purchases would be making an insurance bet against an ins...
by hand
Thu Nov 10, 2016 10:34 am
Forum: Personal Consumer Issues
Topic: Looking for recommendations on aerobic exercise equip.
Replies: 55
Views: 2565

Re: Looking for recommendations on aerobic exercise equip.

Take a look at Concept 2's offerings... The rowers are top of the line, and as someone with hip / knee issues, I've really enjoyed the SkiErg which gets you aerobic exercise without requiring high impact on your legs. SkiErg motion is unique and the workouts can be unexpectedly intense, so I'd sugge...
by hand
Wed Nov 09, 2016 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth questions
Replies: 5
Views: 410

Re: Backdoor Roth questions

I've heard that "if you anticipate being in a higher tax bracket during retirement then stick with the traditional IRA." I think you have this backwards - if you expect to be in a higher tax bracket during retirement, paying taxes now on a Roth contribution at the lower rate is likely to ...
by hand
Wed Nov 09, 2016 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: India to Replace Largest Bank Notes
Replies: 20
Views: 2507

Re: India to Replace Largest Bank Notes

Has something like this happened with US Currency? As far as I know, as long as I can remember Old US bills have continued to be negotiable for the full face value, even if that particular bill style has been replaced by another. I know that something like 100 or so years ago (maybe more) the US cu...
by hand
Tue Nov 08, 2016 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Remodeling vs Moving
Replies: 15
Views: 1287

Re: Remodeling vs Moving

Have you priced out alternatives? As a first step, I'd suggest estimating the sale price of your current property, less transaction fees (~7%), plus the $250k you'd likely pay for a remodel, and see if there's anything on the market that comes close to meeting your needs.
by hand
Thu Nov 03, 2016 5:36 am
Forum: Personal Consumer Issues
Topic: What's the easiest/cheapest way to get a second phone number?
Replies: 34
Views: 2146

Re: What's the easiest/cheapest way to get a second phone number?

Here's the deal. My wife and I recently relocated and didn't bother to set up a landline at our new home because we basically only use cell phones and internet. However my wife is a physician and would like to be able to return phone calls to patients from home without them being able to see her pe...
by hand
Tue Nov 01, 2016 8:34 am
Forum: Personal Finance (Not Investing)
Topic: I am about to buy my first home, anything I should look out for?
Replies: 40
Views: 3589

Re: I am about to buy my first home, anything I should look out for?

We had the inspection and it being an older house it did turn up a bunch of stuff. We are not going to ask for petty stuff like strike plates needing fixing, some flashing is missing and other small things like a loose faucet and a loose closet hinge, but we want to ask for stuff like the attic ins...
by hand
Mon Oct 31, 2016 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Buying 50% of parents' house in a divorce
Replies: 19
Views: 2833

Re: Buying 50% of parents' house in a divorce

My parents are in their 60s and own their house which I grew up in. It is fully paid off and is worth ~$450k. This is their primary asset - in addition they have some modest savings (~50-75k) but no other investments, retirement accounts, or valuable cars/jewelry. Father is retired on social securi...
by hand
Wed Oct 26, 2016 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Hard money loan on as part of a residential real estate deal
Replies: 18
Views: 1315

Re: Hard money loan on as part of a residential real estate deal

15% interest offered to hard money lenders is a neon sign that smart money lenders (banks etc.) see a significant risk of default in this deal. If I had several million dollars I was willing to invest across scores of these types of deals to spread the risk, I might consider this (even though the ba...
by hand
Wed Oct 26, 2016 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Dream house sold yesterday :(
Replies: 41
Views: 7030

Re: Dream house sold yesterday :(

It doesn't sound like your agent has your best interests at heart. I can't understand why your agent wouldn't have you get your financials / paperwork in order before you started looking so you were prepared to offer immediately if a deal came up. Steering you away from offering on a property withou...

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