Search found 5227 matches

by leonard
Sun Feb 07, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Flagship Investor with 700 credit score ?
Replies: 31
Views: 3704

Re: Flagship Investor with 700 credit score ?

I have not borrowed money in years and pay cc off in full each month. Long time AMEX user it seems they only report pays as needed. The idea of borrowing money I do not need or getting more cc would not be my first choice to raise credit score. Have any others experienced this ? I am longtime bogle...
by leonard
Sun Feb 07, 2016 11:50 am
Forum: Investing - Theory, News & General
Topic: What is your average return?
Replies: 16
Views: 1636

Re: What is your average return?

It's not actionable so I don't calculate it.
by leonard
Sun Feb 07, 2016 11:42 am
Forum: Personal Consumer Issues
Topic: Forced to sell a an expensive vehicle at the wrong time how to handle???
Replies: 23
Views: 2324

Re: Forced to sell a an expensive vehicle at the wrong time how to handle???

i'd hold on to the car until you've been in the position a few months.

Sometimes promos don't workout.
by leonard
Sun Feb 07, 2016 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Grandson working for me-Child labor law?
Replies: 35
Views: 1791

Re: Grandson working for me-Child labor law?

I want to employ my 12 yr old (soon to be 13) in my home building company this summer, doing very easy tasks. Like cleaning and sweeping houses. I want to pay him and teach him the value of hard work and how to manage and value money. Something like $10/hr. I also have offered to match what he make...
by leonard
Sun Feb 07, 2016 11:31 am
Forum: Personal Consumer Issues
Topic: Traveling in Retirement
Replies: 45
Views: 3154

Re: Traveling in Retirement

Not sure how to pose this without coming off somewhat badly... A commonly stated goal for retirement is to spend time traveling. If you hope to enjoy traveling later as a hobby, why not make time for it now? Who knows if we'll make it to retirement anyway? I enjoy traveling and have made choices to...
by leonard
Thu Feb 04, 2016 3:18 pm
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 207
Views: 10530

Re: Do you pay for exercise?

My point is that - for some - simply eating less calories than they burn in a day does not necessarily result in weight loss. Are you really suggesting that someone could consistently burn more calories than they consume (let alone absorb) and yet they don't lose weight? How would that be possible?...
by leonard
Wed Feb 03, 2016 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Child Support and taxes
Replies: 29
Views: 1224

Re: Child Support and taxes

Since this is a tax situation, what does a CPA say?
by leonard
Wed Feb 03, 2016 6:43 pm
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 207
Views: 10530

Re: Do you pay for exercise?

My point is that - for some - simply eating less calories than they burn in a day does not necessarily result in weight loss. I know. I have been there. Diet was on point. 2 hours of fast paced walking (any more intensity would have meant burn out), weight training 3-4 days a week. And, weight loss...
by leonard
Wed Feb 03, 2016 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Taxation of fellowship
Replies: 37
Views: 1506

Re: Taxation of fellowship

don't ask non-tax pros for tax advice That's exactly what I'm doing in this thread :D Seriously, though, my kid wasn't asking for tax advice. My kid was asking the payor how the payor was going to classify the $4,000. Put more directly, my kid asked "Are you going to issue a 1099 or W2 or what...
by leonard
Wed Feb 03, 2016 11:55 am
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 207
Views: 10530

Re: Do you pay for exercise?

It doesn't take superior genetics for someone to eat less calories than they burn per day. Spoken like someone that has not had a tough time losing weight. It isn't that simple for some. Ah this is not true - I am 6'3" and I was around 300lbs (30-40% body fat) and suffered from high blood pres...
by leonard
Wed Feb 03, 2016 11:51 am
Forum: Personal Consumer Issues
Topic: perfectly happy with cable
Replies: 123
Views: 6054

Re: perfectly happy with cable

No way I'm letting a company in to my wallet every month for $200. That really adds up over time. Yup. Compare to paying $50 here for fast internet (100mbps) and $10 for Netflix. $200-$60 = $140. * 12 months = $1680 per year. To safely cover just paying for that increased monthly cost in retirement...
by leonard
Wed Feb 03, 2016 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Taxation of fellowship
Replies: 37
Views: 1506

Re: Taxation of fellowship

My kid asked a bureaucrat at University B if the $4,000 was taxable income... universities to keep students in the dark on tax matters, lest they become worldly or educated or whatever. Another thing your kid should be educated on - don't ask non-tax pros for tax advice. So, in addition to consider...
by leonard
Thu Jan 28, 2016 12:31 pm
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 207
Views: 10530

Re: Do you pay for exercise?

simplesimon wrote:It doesn't take superior genetics for someone to eat less calories than they burn per day.


Spoken like someone that has not had a tough time losing weight. It isn't that simple for some.
by leonard
Thu Jan 28, 2016 12:27 pm
Forum: Personal Consumer Issues
Topic: perfectly happy with cable
Replies: 123
Views: 6054

Re: perfectly happy with cable

No way I'm letting a company in to my wallet every month for $200. That really adds up over time. Yup. Compare to paying $50 here for fast internet (100mbps) and $10 for Netflix. $200-$60 = $140. * 12 months = $1680 per year. To safely cover just paying for that increased monthly cost in retirement...
by leonard
Thu Jan 28, 2016 12:25 pm
Forum: Investing - Theory, News & General
Topic: Why doesn't Vanguard stay the course?
Replies: 44
Views: 5628

Re: Why doesn't Vanguard stay the course?

Expertise applies when designing search engines and smartphones. Not so much when designing asset allocations. We're all indexers in the end, so I think these conversations boil down to nitpicking. I just like arguing in favor of a single fund. So to your comment, I'm not so sure it's as simple we ...
by leonard
Wed Jan 27, 2016 12:06 pm
Forum: Investing - Theory, News & General
Topic: Why doesn't Vanguard stay the course?
Replies: 44
Views: 5628

Re: Why doesn't Vanguard stay the course?

So you think you can beat an all in one fund. Do you think you can create a better search engine than Google or a better smart phone than Apple? I doubt it, but everyone knows better than Vanguard when it comes to the all in one funds. Well okay, good luck! Expertise applies when designing search e...
by leonard
Wed Jan 27, 2016 11:52 am
Forum: Personal Consumer Issues
Topic: perfectly happy with cable
Replies: 123
Views: 6054

Re: perfectly happy with cable

No way I'm letting a company in to my wallet every month for $200. That really adds up over time.
by leonard
Wed Jan 27, 2016 11:46 am
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 207
Views: 10530

Re: Do you pay for exercise?

Have a home gym - so the "pay" was/is the upfront cost of buying the equipment and the minimal maintenance.

I'd go with a home gym every time, versus dealing with the other patrons at commercial gyms. Worth every penny.
by leonard
Sun Jan 24, 2016 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: No troll, not a sock puppet just wondering
Replies: 17
Views: 2437

Re: No troll, not a sock puppet just wondering

For someone who is generally risk averse I look around for alternative investment ideas. Such an idea is BDCs. I do not invest in them but interesting, as is group funding. But my question stems from researching IUL policies. They credit interest to accts based on an index. The interest paid genera...
by leonard
Sun Jan 24, 2016 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Help with landlord (neighbor smokes)
Replies: 19
Views: 1913

Re: Help with landlord (neighbor smokes)

Check local ordinances. Some towns have passed laws making any smoking in shared dwellings - apartments, condos, duplexes, etc. - illegal.
by leonard
Fri Jan 22, 2016 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: I hate ETFs!!! [Lessons learned from market not going as expected]
Replies: 68
Views: 6486

Re: I hate ETFs!!! [Lessons learned from market not going as expected]

Warning for the wise: ETF trades are not set-and-forget like mutual funds. I have had a very busy couple of days but was able to put in orders to TLH IEMG to VWO on wednesday using limit orders. Things got busy and it was only today that I could go back and look at my order status. Apparently, the ...
by leonard
Fri Jan 22, 2016 9:52 pm
Forum: Personal Consumer Issues
Topic: Retiring and people seem to avoid me
Replies: 66
Views: 7889

Re: Retiring and people seem to aviod me

[...]Take away the label of "retirement" and people won't have anything to react to.[...] ... or learn something from. Take the case of someone who says he retired at 45. Well, when I ask him how so I can learn from his experience, turns out he "retired" from his last "FTE&...
by leonard
Thu Jan 21, 2016 2:10 pm
Forum: Personal Consumer Issues
Topic: Lithograph/Portrait from photo
Replies: 7
Views: 470

Re: Lithograph/Portrait from photo

Sorry for the loss of your pet. I'd just add one thing. Different people of course process grief differently. I am sure your wife would like such a portrait - but she might not be ready to see it every day. She may never be able to have it hanging around all the time. So, with the gift, I'd also sug...
by leonard
Thu Jan 21, 2016 2:00 pm
Forum: Personal Consumer Issues
Topic: New neighbor turning their house into vacation rental
Replies: 41
Views: 4540

Re: New neighbor turning their house into vacation rental

Basically the title says it all. Old neighbors of 25 years, moved out. New neighbors bought the house with cash (Bay Area). Now they want to turn it into a vacation rental. Everyone on the block is upset, we are in a small semi-rural area, people coming and going doesn't fit with the characteristic...
by leonard
Thu Jan 21, 2016 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Scaling in when Dow drops to...
Replies: 14
Views: 1610

Re: Scaling in when Dow drops to...

What does "scaling" mean in this context?
by leonard
Thu Jan 21, 2016 12:43 pm
Forum: Personal Consumer Issues
Topic: Retiring and people seem to avoid me
Replies: 66
Views: 7889

Re: Retiring and people seem to aviod me

Maybe it is just me but for the people that have retired did you notice this just before you retired. I'm not sure if I'm reading people wrong or not but they seem like they feel sorry for me or are jealous. I'm not sure jealous but it is something. I had a guy I have know for a long time and said ...
by leonard
Thu Jan 21, 2016 12:36 pm
Forum: Personal Consumer Issues
Topic: $139 lease for EV, $0 down, 39 month lease Chevy Spark
Replies: 82
Views: 10747

Re: $139 lease for EV, $0 down, 39 month lease Chevy Spark

Have you ever rented a tool? It is a pretty common practice for specialty automotive tools or for large/expensive home improvement tools. I have not rented a tool where the rental period extended over several years. What kind of hammer is similar cost to this car? Will that hammer grt you to work? ...
by leonard
Thu Jan 21, 2016 12:30 pm
Forum: Personal Consumer Issues
Topic: $139 lease for EV, $0 down, 39 month lease Chevy Spark
Replies: 82
Views: 10747

Re: $139 lease for EV, $0 down, 39 month lease Chevy Spark

I've never financed a hammer - so not sure why I would start financing with this transportation tool. If a top of line android phone can be leased for $10/month, will lease instead of buy? I know I will lease. EVs is more a gadget/electronics less a car. The key reason is battery degrading and tech...
by leonard
Thu Jan 21, 2016 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Going from 50/50 US/Int to All US
Replies: 80
Views: 5181

Re: Going from 50/50 US/Int to All US

What has changed since March 15 of last year? https://www.bogleheads.org/forum/viewtopic.php?f=10&t=165505&p=2491469#p2491469 I just looked over your post history. You seem to have a track record of changing your portfolio after very short periods and perhaps false starts - big gap between 2...
by leonard
Sat Jan 16, 2016 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: How much House can I afford with an income of $98,000? My husband gave me a bizarre number
Replies: 110
Views: 12666

Re: How much House can I afford with an income of $98,000? My husband gave me a bizarre number

Hello. Hopefully someone can give me a hand. My husband's income is $98,000 per year. I'm raising our kids and caring for an aging parent. I found a house that would work well for us--it's $359,900. We have no credit card debt, 2 car payments that amount to $700 per month, and $110,000 saved. The b...
by leonard
Sat Jan 16, 2016 3:32 pm
Forum: Personal Consumer Issues
Topic: Funeral costs
Replies: 76
Views: 9060

Re: Funeral costs

Regarding funeral costs: Relative is in a nursing home with limited funds. Planning to pre-pay funeral costs, which are not included in Medicaid look back. Small town in Mid-West. Funeral Home has been serving the family for 40 years. I would be interested in your comments. Overpriced ? Normal cost...
by leonard
Thu Jan 14, 2016 5:12 pm
Forum: Investing - Theory, News & General
Topic: Systematically buy from Emergency Fund on Dips?
Replies: 44
Views: 2752

Re: Systematically buy from Emergency Fund on Dips?

No.

Investors have a horrible track record timing the market.
by leonard
Thu Jan 14, 2016 4:29 pm
Forum: Investing - Theory, News & General
Topic: Cash Buffer Instead of "Emergency Fund"
Replies: 52
Views: 4327

Re: Cash Buffer Instead of "Emergency Fund"

I recently switched to a new way of handling my liquid savings that works very well for me and helps prevent "mental accounting" associated with bucketing money for different purposes (like an emergency fund). All of my paychecks and income (including dividends and interest from taxable i...
by leonard
Thu Jan 14, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: What age does LBYM (being a big saver) pay off?
Replies: 81
Views: 9786

Re: What age does LBYM (being a big saver) pay off?

I'm 37 years old. I've been a heavy saver ever since my first job out of college. Yet, on a income versus expenses basis, money is still relatively tight. I could dip into my savings and splurge if I wanted to but that doesn't make any sense because I'd like to increase my net assets. My take today...
by leonard
Thu Jan 14, 2016 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Convincing Dad to Fire the Firm
Replies: 31
Views: 2611

Re: Convincing Dad to Fire the Firm

My parents are in their late 50's and preparing for retirement. Both are diligent savers, but my mom has a pension plus substantial additional savings, my dad's 401k balance is somewhat lacking. His story is similar to many that I've seen on these boards: he trusted Fidelity to manage his 401k fund...
by leonard
Wed Jan 13, 2016 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting one's bank account from PayPal
Replies: 40
Views: 5382

Re: Protecting one's bank account from PayPal

How do you protect your money from PayPal? I am concerned that any web interface that allows withdrawals from a bank account for the purpose of sending payments is a security risk. I have found that having a PayPal account is not optional, and that not having the account linked to a real bank accou...
by leonard
Wed Jan 13, 2016 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: What our company's 401k Advisor said about 1.5% Fees
Replies: 115
Views: 19426

Re: What our company's 401k Advisor said about 1.5% Fees

just a follow up ... it was a 2 hour meeting .... CFO, Adviser, HR Director and I. All defensive points that Adviser came up with .. I shut them down. (you're a small company, our managed funds do better than index funds, your 1.5% fee is average, etc). One point that stuck of his is him saying how...
by leonard
Wed Jan 13, 2016 4:29 pm
Forum: Personal Consumer Issues
Topic: Funeral costs
Replies: 76
Views: 9060

Re: Funeral costs

Regarding funeral costs: Relative is in a nursing home with limited funds. Planning to pre-pay funeral costs, which are not included in Medicaid look back. Small town in Mid-West. Funeral Home has been serving the family for 40 years. I would be interested in your comments. Overpriced ? Normal cost...
by leonard
Tue Jan 05, 2016 4:32 pm
Forum: Personal Consumer Issues
Topic: profitable hobby?
Replies: 113
Views: 9717

Re: profitable hobby?

Why not do more of what you are already employed to do? Presumably - since it's your profession - it's probably your next best way to make money.
by leonard
Thu Dec 31, 2015 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Confirming Health Savings Admin New Requirements
Replies: 5
Views: 552

Re: Confirming Health Savings Admin New Requirements

The new paperwork for a new custodian is pretty standard. Can't really blame the new custodian for wanting the information on their own forms and in their own format, but still annoying. Let's hope that they do not keep changing custodians on a regular basis. Obviously, I don't agree. My business r...
by leonard
Wed Dec 30, 2015 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Confirming Health Savings Admin New Requirements
Replies: 5
Views: 552

Re: Confirming Health Savings Admin New Requirements

I am trying to confirm the experience of anyone else who has held an HSA with Health Savings Administrators through 2015. Specifically, they went through a transfer to another trustee during 2015. They are telling me - as a result of these changes - that HSA holders are required to do the following...
by leonard
Wed Dec 30, 2015 11:09 pm
Forum: Investing - Theory, News & General
Topic: Why do we call it "investing"?
Replies: 35
Views: 3167

Re: Why do we call it "investing"?

When a member of the public buys stock (directly or via a mutual fund/etf), the underlying compan(ies) do not receive any of the proceeds. They are in effect buying something that they think will be valued higher in the future. It is only when the shares are bought directly from the company (as in ...
by leonard
Wed Dec 30, 2015 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Confirming Health Savings Admin New Requirements
Replies: 5
Views: 552

Confirming Health Savings Admin New Requirements

I am trying to confirm the experience of anyone else who has held an HSA with Health Savings Administrators through 2015. Specifically, they went through a transfer to another trustee during 2015. They are telling me - as a result of these changes - that HSA holders are required to do the following:...
by leonard
Tue Dec 29, 2015 9:58 pm
Forum: Personal Consumer Issues
Topic: Funeral costs
Replies: 76
Views: 9060

Re: Funeral costs

Didn't read the entire thread but both of my inlaws had taken care of their funeral arrangements prior to passing and the consensus is that it was really a good thing because no decisions had to be made - it was all taken care of. Everything went off without a hitch both times and there were no got...
by leonard
Tue Dec 29, 2015 3:09 pm
Forum: Personal Consumer Issues
Topic: Funeral costs
Replies: 76
Views: 9060

Re: Funeral costs

Didn't read the entire thread but both of my inlaws had taken care of their funeral arrangements prior to passing and the consensus is that it was really a good thing because no decisions had to be made - it was all taken care of. Everything went off without a hitch both times and there were no got...
by leonard
Tue Dec 29, 2015 3:06 pm
Forum: Personal Consumer Issues
Topic: Funeral costs
Replies: 76
Views: 9060

Re: Funeral costs

4nursebee wrote:I need to get going on building our own caskets, set them up as bookshelves. We will be buried on our land.

"Let the dead bury the dead".


Local ordinances can make this option complicated.
by leonard
Mon Dec 28, 2015 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: My estranged brother is dead, and I am next of kin
Replies: 72
Views: 14273

Re: My estranged brother is dead, and I am next of kin

pondering wrote:This was the advise my wife gave me this morning:

[Personal relationship comments removed by admin LadyGeek]


Rarely do people spell things out this clearly. Much credit to your wife for laying this out as clearly as that. I think the cost/benefit of pursuing this is clear at this point.
by leonard
Wed Dec 23, 2015 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a new job in 6 months, how do I catch up my yearly contributions max?
Replies: 5
Views: 327

Re: Starting a new job in 6 months, how do I catch up my yearly contributions max?

I am currently a medical resident. So I make a very meager income and I don't make any contributions to any IRA or 401k. I know that I should, I just can't afford it. I am in my last year of training and I will have a new job in July of 2016. My future employer will be making contributions into my ...
by leonard
Tue Dec 22, 2015 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Outraged with John Hancock
Replies: 39
Views: 4612

Re: Outraged with John Hancock

Some gave John Hancock a pass, pointing the finger at the employer for their selection. This is the fact at the end of the day. It's evidence that they are either incompetent, greedy or apathetic to the futures of their employees. Some people referenced the possibility that there were some kick bac...
by leonard
Tue Dec 22, 2015 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage payoff, family loan
Replies: 11
Views: 1564

Re: Mortgage payoff, family loan

Pay off ASAP, to get family and finances separated.

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