Search found 1030 matches

by lawman3966
Tue Jul 26, 2016 11:23 pm
Forum: Personal Consumer Issues
Topic: Weld broken car door or buy a new one
Replies: 13
Views: 699

Re: Weld broken car door or buy a new one

I'd start shopping around online and junk dealers for a used door that would be a close color match to your vehicle if you're not in a rush. I would think you could get a used matching door, with shipping, for $500 or less. Maybe it would cost $100 - $200 to get a mechanic to swap out the bad door ...
by lawman3966
Tue Jul 26, 2016 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: Reasonable Rate of Return for Local Business Venture
Replies: 0
Views: 113

Reasonable Rate of Return for Local Business Venture

An acquaintance is involved in buying and reselling various types of household and recreational machinery (cars, boats, etc). An acquaintance is involved in buying and reselling various types of household and recreational machinery. He has invited me to join with his next purchase by lending the mon...
by lawman3966
Fri Jul 22, 2016 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: Financing retirement before SS - when to retire
Replies: 20
Views: 2492

Re: Financing retirement before SS - when to retire

There are exceptions, but as a rule low-paying, part-time service jobs don't offer good health insurance. if you haven't priced in the cost of purchasing insurance through ObamaCare or directly through an insurance company into your expenses, then you are doing yourself a disservice. An emerging co...
by lawman3966
Fri Jul 22, 2016 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Financing retirement before SS - when to retire
Replies: 20
Views: 2492

Re: Financing retirement before SS.

It would be helpful to have your SS benefit amount at 62, 65, or at 70 to be able to better help you. You might also indicate whether you want to leave any portion of your $ 1.1 million nest egg to someone in your will. That said, depending upon how much you need to retire, you could retire now. I p...
by lawman3966
Mon Jun 27, 2016 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Loans to Friends
Replies: 73
Views: 3580

Re: Loans to Friends

Since the "saying 'No'" part has been covered, I want to address another point. Likely just an intellectual exercise, but hopefully it will have some value. Specifically, I am trying to understand what role you'd be playing as a hypothetical money lender in this situation. The loan would b...
by lawman3966
Thu Jun 16, 2016 6:56 pm
Forum: Personal Consumer Issues
Topic: uber with no smart phone?
Replies: 19
Views: 1529

Re: uber with no smart phone?

Per the article below, you can order Uber using a text message.

Apparently, Uber figured out that, at the time, 27% of U.S. adults did not have Smartphones.


http://www.forbes.com/sites/ellenhuet/2 ... f396f13df9
by lawman3966
Wed Jun 15, 2016 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Quality Longevity Annuity Contracts-QLACs
Replies: 9
Views: 848

Re: Quality Longevity Annuity Contracts-QLACs

When I last investigated these, I recall being disappointed that the inflation adjustments for longevity insurance, sold with inflation riders, began only after the "delay period" that is, until payments started being received. This resulted in the payout amounts provided by the calculator...
by lawman3966
Thu Jun 09, 2016 11:36 am
Forum: Investing - Help with Personal Investments
Topic: 401 k moved to tiaa from vanguard
Replies: 5
Views: 399

Re: 401 k moved to tiaa from vanguard

A few years ago, a low-fee 401K plan salesman told me that the explanation for our firm's selection of a (high-fee) 401K administrator was that there was some mutually beneficial relationship between the 401K advisor and our plan's trustee. Upon hearing this on the phone, I refused to believe it. Up...
by lawman3966
Wed Jun 08, 2016 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Why is Dave Ramsey wrong?
Replies: 180
Views: 29289

Re: Why is Dave Ramsey wrong?

Furthermore, and really more importantly to my argument, many of the time periods where AIVSX trailed, it trailed by a very small amount. I'm not saying Dave's funds outperform the S&P 500 every single time. I'm saying they outperform some of the time, and they perform within the same ballpark ...
by lawman3966
Tue Jun 07, 2016 1:35 am
Forum: Investing - Theory, News & General
Topic: Biggest investing myths
Replies: 39
Views: 3167

Re: Biggest investing myths

What goes up must come down.
by lawman3966
Thu Jun 02, 2016 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Unmasking a Canadian holding a Vanguard IRA
Replies: 10
Views: 1269

Re: Unmasking a Canadian holding a Vanguard IRA

I can't take a lump sum because I will be crucified by income tax. I want the account left alone for just a few more years and then I can start withdrawing on a slow and steady schedule. If it does turn out that you need to move the money out of Vanguard, that doesn't necessarily mean conducting a ...
by lawman3966
Thu Jun 02, 2016 4:39 am
Forum: Investing - Help with Personal Investments
Topic: Unmasking a Canadian holding a Vanguard IRA
Replies: 10
Views: 1269

Re: Unmasking a Canadian holding a Vanguard IRA

You express concern regarding Vanguard's preferences regarding the nationality of its clients. However, another issue is what Canada's rules are regarding Canadians holding investments in the U.S. My understanding (I'm a dual citizen, living in the U.S.) is that Canadians, in general, are not suppos...
by lawman3966
Mon May 30, 2016 3:01 pm
Forum: Investing - Theory, News & General
Topic: Any thoughts on this? [Why advisors don't like target funds]
Replies: 29
Views: 4242

Re: Any thoughts on this? [Why advisors don't like target funds]

https://www.mainstreet.com/article/why-target-date-funds-are-disliked-by-financial-advisors Many Thanks! Maybe for the same reason vampires don't like silver bullets? I used a demo of Vanguard's target date funds' automatic asset allocation adjustment over time to successfully argue for an advisor-...
by lawman3966
Sun May 29, 2016 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Disability???
Replies: 27
Views: 1994

Re: Social Security Disability???

I don't understand what the issue is, to be honest. I know several people who are on SSDI, and I expect to apply for it myself. As you indicated, you have worked and contributed to the system all your life, and now need the system. You should therefore apply for it. My recollection is that you can w...
by lawman3966
Mon May 23, 2016 12:46 am
Forum: Personal Consumer Issues
Topic: I bought the wrong car - know it after 15 days
Replies: 156
Views: 22657

Re: I bought the wrong car - know it after 15 days

I second (or perhaps fifth by now) the recommendation to see physical therapist, but wanted to add a point or two. A couple of years ago, I compared the seats in a 1995 Nissan Altima which had soft seats that I found comfortable to those in a 2012 Honda Civic which had firms seats that I found uncom...
by lawman3966
Sat May 21, 2016 7:39 pm
Forum: Personal Consumer Issues
Topic: series/ movies filmed in your home town?
Replies: 87
Views: 3218

Re: series/ movies filmed in your home town?

No filming here that I know of but Radar O'Reilly of Mash was born here and James T. Kirk will be born near here in a couple hundred years. My home town of Montreal was the scene for "The Whole Nine Yards". One hometown character shown in the film was Mr. Biddles who ran (may still do so)...
by lawman3966
Sat May 21, 2016 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Hail damage on roof; what to do with Insurance Providers' $9,950 check
Replies: 51
Views: 4073

Re: Hail damage on roof; what to do with Insurance Providers' $9,950 check

Can't you cash the check and do nothing? Something about this doesn't seem right. Is this not insurance fraud? I don't believe that it's fraud. If you're concerned about legal matters, you could call the insurance company and ask whether having received the payment requires you to conduct the repai...
by lawman3966
Thu May 19, 2016 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Is my Financial Advisor worth his salt?
Replies: 56
Views: 3589

Re: Is my Financial Advisor worth his salt?

Depending what your husband does/earns, you are likely not able to contribute to an IRA directly (there's always the backdoor option though). My understanding is anyone can contribute up to $5500/year after-tax to a traditional IRA. My husband is similar to me in earning, 150k/year and he does that...
by lawman3966
Wed May 18, 2016 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Why the Low Quantitative Score on the GMAT?
Replies: 26
Views: 1801

Re: Why the Low Quantitative Score on the GMAT?

I took the GMAT twice: once without preparation (and did ok, but not great), and a second time after substantial practice. I improved my combined score from about an 85 percentile on the first try to a 99 percentile on the second. However, this was several decades ago, and my understanding is that t...
by lawman3966
Tue May 17, 2016 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: My dilemma ... 1099 or W2. Client assures me no difference.
Replies: 29
Views: 1998

Re: My dilemma ... 1099 or W2. Client assures me no difference.

Thank you all for such quick response. So, my "loss" is around 2.5% but ability to write off things make this 3% insufficient. If I rent an apartment and have a 3rd bedroom set up as office, I am assuming I can write off part of that monthly rent? Regarding 401k ... I get 401k from my 150...
by lawman3966
Tue May 17, 2016 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: My dilemma ... 1099 or W2. Client assures me no difference.
Replies: 29
Views: 1998

Re: My dilemma ... 1099 or W2. Client assures me no difference.

The opportunity to receive 1099 income is likely more beneficial than harmful for you. Your W2 income exceeds the cap for social security taxation. Accordingly, what would normally be a double SS tax for you won't materialize since there should no SS tax to pay for the year over and above the SS tax...
by lawman3966
Sun May 15, 2016 12:25 pm
Forum: Personal Consumer Issues
Topic: Unlocking Phone after Paying ETF [Early Termination Fee]
Replies: 7
Views: 763

Re: Unlocking Phone after Paying ETF

Am I the only one who got confused by the ETF reference here? Ok, on an investment board, ETF might normally refer to an Exchange Traded Fund. However, in the top post, I used the fully expanded term Early Termination Fee and linked it to the abbreviation ETF, which is commonly used in the cell-pho...
by lawman3966
Sun May 15, 2016 2:09 am
Forum: Personal Consumer Issues
Topic: Unlocking Phone after Paying ETF [Early Termination Fee]
Replies: 7
Views: 763

Unlocking Phone after Paying ETF [Early Termination Fee]

I have been investigating how to get out of the remainder of a two-year contract with AT&T (with 8 months left in the contract) without losing use of the phone. I am trying to determine whether I should be able to have phone unlocked after I pay the early termination fee (ETF). AT&T customer...
by lawman3966
Fri Apr 29, 2016 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Fee's [too high?]
Replies: 60
Views: 4718

Re: Investment Fee's [too high?]

Hi Everyone. Was wondering...Is 1% fee to my advisor and 2% to the actively managed fund he hooked me up with too much to pay on a annual basis? $405K is what I rolled over from my employment 401K when I retired last July. Thank You Kim I can honestly say that the fees you report above are the wors...
by lawman3966
Fri Apr 22, 2016 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Income AMount
Replies: 10
Views: 1801

Re: Retirement Income AMount

As others have noted, variation in the definition of "comfortably" makes the question nearly unanswerable. Median household income (see link) in Florida ranges from about $30K to about $50K a year depending on what country you're in , which is pre-tax by all indications. I suspect that a n...
by lawman3966
Wed Apr 20, 2016 1:27 pm
Forum: Investing - Theory, News & General
Topic: SPIA contract review
Replies: 1
Views: 322

Re: SPIA contract review

I was also told they do not show you the contract until *after* SPIA purchase. I find this hard to believe. If it's true, the whole idea would be a non-starter for me, as I wouldn't even consider handing over money prior to reviewing the contract. I'd be particularly careful about believing that yo...
by lawman3966
Wed Apr 20, 2016 1:17 pm
Forum: Investing - Theory, News & General
Topic: the fiduciary rule in practice
Replies: 4
Views: 623

Re: the fiduciary rule in practice

Now that I think about it, this is probably an incomplete summary, because there must be a bunch of customers rolling over their 401(k)'s who hadn't been paying any AUM fee at all. I'm not sure how they justify that. I can't speak to the application of the Fiduciary rule in general to this situatio...
by lawman3966
Sat Apr 16, 2016 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Roth or employer 401k
Replies: 4
Views: 469

Re: Roth or employer 401k

Your post appears to assume that contributions to a 401K or a Roth are mutually exclusive options. They are in fact independent of one another. Your Roth IRA contribution eligibility depends on whether your income exceeds the Roth contribution income (MAGI income that is) phaseout range, not whether...
by lawman3966
Fri Apr 08, 2016 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Petitioning for Better 401(k) - Fiduciary Question
Replies: 14
Views: 1111

Re: Petitioning for Better 401(k) - Fiduciary Question

Newport offers vanguard funds on its platform. Thank you - that is good to know. I guess I neglected to respond on this point. At the newly created firm, we went with Employee Fiduciary which we were pleased with. At EF, you can choose pretty much any mutual fund you want. However, they provided a ...
by lawman3966
Thu Apr 07, 2016 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Petitioning for Better 401(k) - Fiduciary Question
Replies: 14
Views: 1111

Re: Petitioning for Better 401(k) - Fiduciary Question

I fought this battle for many years and will relay what I can from that experience. I doubt that success will come from contending that your company is violating some sort of law or DOL rule by selecting a plan with higher fees. If that were the case, the high-fee providers simply wouldn't exist. I ...
by lawman3966
Fri Mar 25, 2016 2:07 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Investing Advice or: A Chris Hogan: America's Voice on Retirement Story
Replies: 55
Views: 9619

Re: Dave Ramsey's Investing Advice or: A Chris Hogan: America's Voice on Retirement Story

Some hucksters are just plain hucksters. But other people, if they are charismatic, adopt the air of a pastor, are highly athletic, or are otherwise likeable or cool, are instead helpful well-intentioned people who may be slightly wrong on a detail here or there. Researcher after financial researche...
by lawman3966
Fri Mar 25, 2016 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Fisher Investment
Replies: 26
Views: 2711

Re: Fisher Investment

Since other posters have responded to the marketing data question, I will address my experience dealing with Fischer investments. I submitted an online request to get a pamphlet of theirs. The reading material was ok, but nothing that led me to change any of my investments, or to become a client of ...
by lawman3966
Wed Mar 16, 2016 4:29 am
Forum: Personal Finance (Not Investing)
Topic: Landlord wont return deposit
Replies: 76
Views: 6381

Re: Landlord wont return deposit

If a new lease is not offered, the Tenant may continue to rent the apartment on a month-to- month basis (with the rest of the lease remaining the same), or as otherwise permitted by law. Either way the Tenant must notify the Landlord of the Tenant's decision to stay or to leave at least seventy- fi...
by lawman3966
Tue Mar 15, 2016 1:03 am
Forum: Investing - Help with Personal Investments
Topic: Researching Individual OTC Stocks
Replies: 18
Views: 1567

Re: Researching Individual OTC Stocks

What I learned from this is that you have to use Google. I agree that Google is a valuable resource (to be continued). Avantameds is a misspelling-- if I have the right company, it is Avantamed, an Irish medical devices company (not at all unlikely given Irish tax rates etc.) However, Google works ...
by lawman3966
Sun Mar 13, 2016 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Researching Individual OTC Stocks
Replies: 18
Views: 1567

Re: Researching Individual OTC Stocks

I wouldn't surprise me at all if in a couple of years, this was all revealed as a fraud. Well, I was trying to be diplomatic, but yes, this was the concern back in 2014. BTW, are you an accredited investor? Are your friends? I wonder if folks with $1M+ readily admit losing $10k to poor investments ...
by lawman3966
Sun Mar 13, 2016 12:44 am
Forum: Investing - Help with Personal Investments
Topic: Researching Individual OTC Stocks
Replies: 18
Views: 1567

Re: Researching Individual OTC Stocks

That somehow doesn't seem like a screaming buy to me. Why are you interested in this stock other than someone is saying "We're going public soon!"?? Penny stocks are thinly traded (read highly illiquid), very risky and often manipulated (pump and dump) because they're unregulated. Why wou...
by lawman3966
Sat Mar 12, 2016 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Researching Individual OTC Stocks
Replies: 18
Views: 1567

Re: Researching Individual OTC Stocks

You want http://www.otcmarkets.com. For example, http://www.otcmarkets.com/stock/ACNV/financials#. Thanks for the links. Though I now have the information in front of me, I must say that, not being experienced reading this type of statement, the data looks like hieroglyphics to me. I declined to in...
by lawman3966
Sat Mar 12, 2016 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off, bouncing ideas.
Replies: 33
Views: 3553

Re: Laid off, bouncing ideas.

For better or worse, I've been in this position a couple of times. I have dealt with Unemployment insurance admins in two states in the last three years. I believe you have a few months in which to file for UI benefits, though I don't really see the benefit of waiting. I wanted to move to another st...
by lawman3966
Sat Mar 12, 2016 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Researching Individual OTC Stocks
Replies: 18
Views: 1567

Researching Individual OTC Stocks

A little over a year ago, I was offered the chance to invest in a startup company, based on the success of a prior startup run by the same principals. I didn't invest at the time, but am trying to keep up with developments in the two companies. The companies are: (1) Accelera Innovations (ACNV); (2)...
by lawman3966
Fri Mar 11, 2016 11:55 pm
Forum: Personal Consumer Issues
Topic: How much car to buy $$
Replies: 57
Views: 5589

Re: How much car to buy $$

Since the other posters have responded conventionally, I'd like to take this opportunity to take a different tack. In brief, the growth of ride sharing services is such that these services will compete with car ownership, and likely drive down the value of personal vehicle ownership, and with it the...
by lawman3966
Fri Mar 11, 2016 3:32 am
Forum: Investing - Theory, News & General
Topic: where is the fee hiding?
Replies: 16
Views: 1931

Re: where is the fee hiding?

There's not really enough information in your post for an observer to determine where a fee, if present, is hiding. I had a friend who invested through another big name wealth management firm. He insisted he was only paying 1% in fees. In his case, the additional fees were embedded in the ERs of the...
by lawman3966
Thu Mar 10, 2016 1:42 am
Forum: Personal Finance (Not Investing)
Topic: Layoff Advice
Replies: 41
Views: 4772

Re: Layoff Advice

I would speak to a lawyer before signing anything causing you to forego a lawsuit. Depending on your situation, you could start looking for a job now, or planning a fun vacation as others have suggested. Depending on what you are offered insurance-wise, you could start considering whether to maintai...
by lawman3966
Wed Mar 09, 2016 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Book copyright infringement: how to stop someone?
Replies: 31
Views: 2739

Re: Book copyright infringement: how to stop someone?

What other options do I have? I prefer not to hire an attroney because of the legal cost. This is the wrong approach, IMHO. You will lose much more through inaction than by hiring an attorney. The government will track someone down for a traffic violation but it does not offer much help when it com...
by lawman3966
Wed Mar 09, 2016 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Book copyright infringement: how to stop someone?
Replies: 31
Views: 2739

Re: Book copyright infringement: how to stop someone?

The only meaningful advice anyone here can give you is to contact an attorney with some experience in this area. If you type "copyright attorney -insert your city- " into Google, you should obtain several options quickly. It's simply wrong to say that one can't enforce Copyright law in thi...
by lawman3966
Mon Mar 07, 2016 3:19 am
Forum: Personal Finance (Not Investing)
Topic: Roommate issue
Replies: 18
Views: 2847

Re: Roommate issue

Two points regarding this matter. First, I have been in several roommate situations, and more recently have gone through numerous background checks. Short stays and frequent moves adversely affect one component of a renter's background check, even if the renter has perfect credit and has never faile...
by lawman3966
Sun Mar 06, 2016 1:39 am
Forum: Personal Consumer Issues
Topic: Strategy for shifting to low cost carrier: ETF and Unlock Fees
Replies: 0
Views: 251

Strategy for shifting to low cost carrier: ETF and Unlock Fees

I am about 14 months into a 24 month smartphone contract with AT&T. I would like to shift to a lower cost carrier and am trying to determine the most cost effective way to go. My understanding is that leaving AT&T and keeping my current phone would require paying (a) the ETF (of about $185) ...
by lawman3966
Sat Mar 05, 2016 1:25 am
Forum: Investing - Help with Personal Investments
Topic: Dumping our advisor and Ameriprise.
Replies: 19
Views: 2592

Re: Dumping our advisor and Ameriprise.

I am curious about that extra charge you mention. We are paying Ameriprise the 1% and then another 750. to the advisor bringing the total up to about 3200 a year. That alone kills me when I see it but wasn't sure I could do it all my self. Thank you. Personally, I'd be surprised if your fees are li...
by lawman3966
Thu Mar 03, 2016 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: Double expense fees? Can it happen?
Replies: 15
Views: 1084

Re: Double expense fees? Can it happen?

The way you're using the term "double fees", it is easy possible to pay two or more fees simultaneously. I have linked to a Bloomberg news video article discussing fees in 401K. As I recall, the moderator indicates that one 401K plan included a total of seventeen fees. I had a 401K plan pe...
by lawman3966
Sun Feb 28, 2016 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Average Retirement Income 2016
Replies: 32
Views: 5687

Re: Average Retirement Income 2016

I found the data to be vague and somewhat misleading. I quote the following to illustrate the point. "According to Retirement USA, the median amount of asset income for households where either the householder or spouse was aged 65 or older was $1,542 for those households who received any asset ...
by lawman3966
Sun Feb 21, 2016 1:31 am
Forum: Investing - Theory, News & General
Topic: Investing Magazines
Replies: 36
Views: 3738

Re: Investing Magazines

I would have to agree with some posters above in saying that most of those magazines are a waste of time and money. Before subscribing to any publication, you'd have to ask whether you intend to act on any of the advice you see in it. If so, then you'd have to determine whether you plan to change yo...

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