Search found 1056 matches

by lawman3966
Thu Apr 13, 2017 7:50 pm
Forum: Personal Consumer Issues
Topic: ROI for Boat Repair Project
Replies: 11
Views: 856

ROI for Boat Repair Project

A handyman (hereafter H) I know has some expertise in purchasing and repairing boats. He has invited me to invest in a project of his. Accordingly, I'm posting to get some idea of a reasonable ROI for my investment. I don't know all the specifics yet (and indeed each project is different), but I wil...
by lawman3966
Wed Mar 22, 2017 1:31 pm
Forum: Forum Issues and Administration
Topic: Best way to share PDF of 401k funds available?
Replies: 7
Views: 569

Re: Best way to share PDF of 401k funds available?

When a roommate recently asked me to review a multi-page list of funds in her 403(b) plan, I looked for the index funds in the stock and bond categories, and mostly stopped there. I looked over the fees of the various funds and confirmed that the index funds indeed had the lowest fees (not always gu...
by lawman3966
Tue Mar 21, 2017 5:31 pm
Forum: Personal Consumer Issues
Topic: Debating a weekend in Chicago (south side)
Replies: 40
Views: 2128

Re: Debating a weekend in Chicago (south side)

I am going to try to weave three concepts together here. You're the "guitar" guy, and you want something to do with your guys/buddies. Accordingly, I recommend Buddy Guy's Legends Blues Club (on the near south side). http://buddyguy.com/ Apparently, Buddy Guy is an old friend of Keith Rich...
by lawman3966
Sun Feb 19, 2017 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculator - COLA Adjustment
Replies: 13
Views: 1310

Re: Social Security Calculator - COLA Adjustment

How old are you? (1) For the year you turn 63 and later you get a CPI-U based COLA. (2) For the year you turn 60 and earlier your PIA will be increase based on the National Average Wage Index. (3) For the years you turn 61 and 62 there are no adjustments. I understand items (1) and (2) above, but a...
by lawman3966
Sun Feb 19, 2017 4:48 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculator - COLA Adjustment
Replies: 13
Views: 1310

Re: Social Security Calculator - COLA Adjustment

Use this link instead. https://www.ssa.gov/oact/COLA/awifactors.html Hit submit with the year 2017. Notice, the last two years have a 1.0 factor. You mention that the last two years have a 1.0 factor. I'm not sure what this means. Below, I have taken a stab at explaining it, but please let me know ...
by lawman3966
Fri Feb 17, 2017 1:22 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculator - COLA Adjustment
Replies: 13
Views: 1310

Re: Social Security Calculator - COLA Adjustment

How old are you? For the year you turn 63 and later you get a CPI-U based COLA. For the year you turn 60 and earlier your PIA will be increase based on the National Average Wage Index. For the years you turn 61 and 62 there are no adjustments. Thanks. I was not aware of the formula before. I'm 57. ...
by lawman3966
Thu Feb 16, 2017 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculator - COLA Adjustment
Replies: 13
Views: 1310

Social Security Calculator - COLA Adjustment

I periodically check my (estimated) future SS payments using either the "estimator" or the Online Calculator. For some reason, I have not had any luck using the estimator recently. I always get an error message stating that they can't process my request at this time. Upon entering my data ...
by lawman3966
Fri Feb 10, 2017 2:41 am
Forum: Personal Finance (Not Investing)
Topic: Payment Method for Private Used Car Sale
Replies: 43
Views: 2500

Re: Payment Method for Private Used Car Sale

Most banks will let you call and verify that funds for a cashiers check are good. I've bought all my cars with cashiers check or bank check when using a loan. If someone is financing, they're not going to have cash. Are you willing to give up a sale just to have a cash payment? Probably not. Just t...
by lawman3966
Fri Feb 10, 2017 2:28 am
Forum: Personal Finance (Not Investing)
Topic: Payment Method for Private Used Car Sale
Replies: 43
Views: 2500

Re: Payment Method for Private Used Car Sale

Cash. Getting the cash is the buyer's problem. I think the risk is very low until you're left with a handful of cash in your coat pocket or house. I've taken it right to the bank. Another time, I got a bank check at a local branch, with the buyer , so I knew it was genuine and it could be covered. ...
by lawman3966
Thu Feb 09, 2017 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Payment Method for Private Used Car Sale
Replies: 43
Views: 2500

Payment Method for Private Used Car Sale

Since I drive little these days, I'm looking to sell my current vehicle and get a cheaper one, and to conduct both transactions privately. The one I plan to sell is worth about $12K. I have read a little online about how to accept payment in this transaction. Some people use cash, others use persona...
by lawman3966
Mon Feb 06, 2017 10:59 pm
Forum: Personal Consumer Issues
Topic: Fee for help buying/selling used cars
Replies: 3
Views: 524

Fee for help buying/selling used cars

I have a 2014 vehicle that I now drive very little that has a retail value of about $12K. I'm interested in selling it and buying an older vehicle for about $3K. I'd like to conduct private sales (as in not using a dealer) for both transactions. I am a novice at the used car business, and have an ac...
by lawman3966
Thu Dec 22, 2016 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: job loss, portfolio and retirement advise
Replies: 39
Views: 3868

Re: job loss, portfolio and retirement advise

To get some perspective, I entered your data into Firecalc with the following parameters: Assets: $941K ( including home equity) lawman3966, How could you include home equity as part of the asset for Firecalc? Until the house is old, the home equity generate no income. KlangFool How? Simple: Home e...
by lawman3966
Thu Dec 22, 2016 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: job loss, portfolio and retirement advise
Replies: 39
Views: 3868

Re: job loss, portfolio and retirement advise

To get some perspective, I entered your data into Firecalc with the following parameters: Assets: $941K (including home equity) SS income: $26K in eight years (i.e. in 2024); (the income amount can of course be adjusted based on when you start receiving SS benefits). Retirement period: 31 years (Aft...
by lawman3966
Wed Dec 21, 2016 8:41 pm
Forum: Personal Consumer Issues
Topic: Cash in Extended Warranty for Used Car?
Replies: 0
Views: 191

Cash in Extended Warranty for Used Car?

I bought a used car (a 2014 Elantra, in case that's relevant) from Enterprise car sales about two years ago. I purchased a five-year EMRP extended warranty for $2,000. I have had no problems with the vehicle since purchasing it. I am now driving the vehicle very little - about 2,000 miles a year, an...
by lawman3966
Thu Dec 15, 2016 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Employer 401k to Rollover IRA in Retirement?
Replies: 13
Views: 991

Re: Employer 401k to Rollover IRA in Retirement?

In general, 401K plans offer better creditor protection than IRAs, since 401Ks are officially "pension plans" under the Federal ERISA statute. Different states offer varying degrees of protection for IRAs, so you should check what protection is available in your state. One more note: in vi...
by lawman3966
Tue Nov 08, 2016 5:38 am
Forum: Investing - Theory, News & General
Topic: John Bogle Statistics
Replies: 21
Views: 2214

Re: John Bogle Statistics

Also he cites that on average active funds perform worse than passive funds due to high cost, turnover, taxes, etc.... What about an average active fund prior to costs? Wouldn't Professionals perform better than non professionals prior to costs? At the time Bogle's earlier books were written, a lar...
by lawman3966
Mon Oct 31, 2016 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Using Roth IRA Distribution to Keep MAGI Below ACA Subsidy Cut-off
Replies: 2
Views: 417

Re: Using Roth IRA Distribution to Keep MAGI Below ACA Subsidy Cut-off

The main drawback that occurs to me is that even if you remain below the subsidy cutoff point, you still decrease your subsidy for income increases through the range from 17K to 47K (for a single person).
by lawman3966
Fri Oct 21, 2016 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Medicaid or Obamacare
Replies: 21
Views: 2202

Re: Medicaid or Obamacare

I am in the process of making the same decision in my state of Washington. Numerous changes have taken place regarding the insurance company options, and the providers that are covered under each plan. In WA state, for example, you need several hyphenated words to describe the plan you have. One opt...
by lawman3966
Tue Sep 27, 2016 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: My broker has only assets slightly over 1 million USD, should I be worried?
Replies: 21
Views: 4144

Re: My broker has only assets slightly over 1 million USD, should I be worried?

Based on the above comments, a first order of business could be to call and verify the assets of your broker. I confess that I'm more concerned that you have a broker at all than that your broker has too few assets. As a Boglehead, I trade individual stocks rarely if at all. When I buy ETFs, I used ...
by lawman3966
Sun Sep 25, 2016 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: How much is free lifetime healthcare worth? [Start business in US or Canada?]
Replies: 22
Views: 2377

Re: How much is free lifetime healthcare worth? [Start business in US or Canada?]

I am a dual Canada-U.S. citizen, and current U.S. resident. I contemplated returning to Canada to get free health care but declined to for several reasons. Based on some initial estimates (exact numbers are hard to come by), I got the impression that I'd save about $5K (close to your health insuranc...
by lawman3966
Wed Sep 21, 2016 3:52 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones exodus from American Funds?
Replies: 52
Views: 5783

Re: Edward Jones exodus from American Funds?

three equity where they do take 2% of that small earned dividend value, but I have no knowledge of them charging any fee on the total value of my account? Are you are referring to the fund expense ratio (ER) here? If so I hope you realize that the 2% is not on the dividend, but on the entire amount...
by lawman3966
Wed Sep 21, 2016 3:43 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones exodus from American Funds?
Replies: 52
Views: 5783

Re: Edward Jones exodus from American Funds?

If I stay in American Funds am I risking a situation where I am 'left holding the bag' on a set of funds experiencing an 'exodus'? You are asking about the wrong concern. The stocks in the funds won't go down because of a transfer of assets from one mutual fund company to another. The concern, as a...
by lawman3966
Tue Aug 23, 2016 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement: Where $200K Will Last 30 Years
Replies: 113
Views: 19846

Re: Retirement: Where $200K Will Last 30 Years

The title appears to assume that SS + $200K is a paltry sum and thus seeks out places where one can live on only that. I have met several people who live in the U.S. on SS (that term by itself incorporating a pretty wide range of incomes) without any capital in addition to their SS income. That said...
by lawman3966
Sat Aug 06, 2016 5:23 pm
Forum: Personal Consumer Issues
Topic: Cell phone and Carrier for Vancouver BC
Replies: 5
Views: 505

Re: Cell phone and Carrier for Vancouver BC

I have cricket and I get roaming in Canada. I'm on the $35 plan, so what I do is I upgrade my plan to the $45 one the day before I go to Canada and then I downgrade back when I come back. Works great. Just found out how I can do that what you recite above online. Thanks very much for this informati...
by lawman3966
Fri Aug 05, 2016 5:15 pm
Forum: Personal Consumer Issues
Topic: Cell phone and Carrier for Vancouver BC
Replies: 5
Views: 505

Cell phone and Carrier for Vancouver BC

I expect to travel from WA state to Vancouver later this month. My understanding is that my Cricket service does not enable local roaming while in Canada. I would consider buying a separate cell phone for use in Canada, and am posting to get suggestions for reasonable prepaid service (if available) ...
by lawman3966
Tue Aug 02, 2016 1:52 am
Forum: Personal Finance (Not Investing)
Topic: Job offer in Canada. UK expat, US tax-resident
Replies: 5
Views: 615

Re: Job offer in Canada. UK expat, US tax-resident

I am considering a position in Canada. It's very nebulous right now (might be Vancouver, might be Toronto). My knowledge of Canadian investment vehicles stops with the fact that the currency is a dollar with the Queen's head on it. I am a UK citizen who has lived in the USA for seven years. I learn...
by lawman3966
Thu Jul 28, 2016 7:44 pm
Forum: Personal Consumer Issues
Topic: Canada vacation
Replies: 45
Views: 4035

Re: Canada vacation

What is a good Montreal Metro station to pick for hotel search? We are planning to take Gray line tours. Montreal Metro Map. http://www.stm.info/sites/default/files/pictures/a-plan_metro_blanc_2016.pdf Gray Line Montreal 1255 Rue Peel, Montréal, QC H3B 4V4, Canada http://www.grayline.com/montreal I...
by lawman3966
Tue Jul 26, 2016 11:23 pm
Forum: Personal Consumer Issues
Topic: Weld broken car door or buy a new one
Replies: 17
Views: 1336

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: 9
Views: 1105

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). He has invited me to join with his next purchase by lending the money for the initial purchase and getting repaid on the back end. In the past, he's worked with both equity a...
by lawman3966
Fri Jul 22, 2016 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: Updated: Financing retirement before SS - when to retire
Replies: 21
Views: 3194

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: Updated: Financing retirement before SS - when to retire
Replies: 21
Views: 3194

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: 4203

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: 1765

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: 993

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: 481

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: 32756

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: 3829

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: 1439

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: 1439

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: 4533

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: 2215

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: 24391

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: 4225

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: 4743

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: 4384

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: 2384

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: 2474

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: 2474

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: 1098

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: 1098

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...

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