Search found 35 matches

by macman_65
Fri May 25, 2018 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Auto Loan Interest vs Capital Gains Tax
Replies: 2
Views: 156

Auto Loan Interest vs Capital Gains Tax

My HS daughter has some stock (ABBV) that was gifted by my mom (her grandmother) - it is currently worth appx 15K. The stock has a current dividend yield of 3.7%. She is using that stock to buy a car to use for the remainder of HS and then for college. I'm considering the following options in paying...
by macman_65
Thu May 17, 2018 3:55 pm
Forum: Personal Consumer Issues
Topic: College Textbooks
Replies: 13
Views: 707

Re: College Textbooks

My daughter just graduated (CSD) and we rented the majority of her books via chegg.com. Her school was pretty good about posting on their website what books were needed for a specific class/section. The books came within about 4 days so waiting until after the first class would probably be OK. I am ...
by macman_65
Mon May 07, 2018 9:47 am
Forum: Personal Consumer Issues
Topic: Anyone from Dayton,OH area-?'s
Replies: 21
Views: 1311

Re: Anyone from Dayton,OH area-?'s

I've lived in NW Ohio for the past 19 years I don't think I've ever owned snow tires. All-season radials are fine.
Dayton doesn't even get that much snow.
by macman_65
Thu Feb 15, 2018 10:33 am
Forum: Investing - Theory, News & General
Topic: Increasing SS PIA by working again
Replies: 27
Views: 1727

Re: Increasing SS PIA by working again

JPH wrote: ↑
Thu Feb 15, 2018 8:30 am
If you take a pay cut near the end of your career or go to part-time work could it negatively affect your benefits?
No. The year with the reduced pay will either be one of the highest 35 indexed salaries or it won't be.
It won't knock off a year that had a higher indexed salary.
by macman_65
Tue Feb 13, 2018 10:29 am
Forum: Personal Consumer Issues
Topic: What big item (>20k) are you saving up for?
Replies: 159
Views: 13489

Re: What big item (>20k) are you saving up for?

I need to buy a new Mustang before long. My present one is a 2008 bought new, but with 100k on the odometer. So I'm putting funds aside... Me too ... I'm looking at hopefully 4/5 years out. My 2014 Mustang has about 66K miles - averaging 15K/year will give me about 120K. Slightly more immediate: Da...
by macman_65
Tue Feb 06, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Still waiting to invest?
Replies: 47
Views: 6042

Re: Still waiting to invest?

I just increased my 401k contribution by 6K to get the 50+ catch up.
by macman_65
Thu Feb 01, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off future DIL's school loans?
Replies: 28
Views: 1717

Re: Pay off future DIL's school loans?

I'd wait at least a year after the marriage. There is a lot to be learned from having to pay on debt and making lifestyle choices accordingly. Then, if financial circumstances permit, I'd offer a challenge -- whatever they pay in student debt during the year, you'll match it, or you'll match 50%, o...
by macman_65
Fri Jan 26, 2018 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Sanity check of SS with less than 35 years earnings
Replies: 31
Views: 3754

Re: Sanity check of SS with less than 35 years earnings

Assuming you are at the final bend point (5399+ / 0.15)

Divide your estimated earnings you are going to forgo by 420 (35 years x 12 months) and multiply * .15.

eg - 35th year of earnings would be 100,000.
100,000/420*.15 = $35.71.
by macman_65
Fri Jan 26, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Trust middle initial question
Replies: 2
Views: 298

Trust middle initial question

I drew up a quitclaim deed for my mom for her to transfer real estate to her trust. The name of the trust (created by an attorney) was in her name (Jane Doe) without her middle initial. The quitclaim deed I created had the trust listed as Jane Doe Trust - when my mom went to file it with the County ...
by macman_65
Thu Jan 25, 2018 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Pulling the plug on Scottrade
Replies: 22
Views: 2448

Pulling the plug on Scottrade

With the TD Ameritrade purchase of Scottrade I am losing fee free Vanguard ETFs, Scottrade's FRIP and a local branch office. I couldn't really see a reason to stay with Scottrade so I am transferring my assets (Brokerage and Roth) to Fidelity - where my 401K is located. Anything else that I might mi...
by macman_65
Fri Jan 12, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Getting your spouse on the same page
Replies: 53
Views: 5411

Re: Getting your spouse on the same page

My wife and I have seen things differently for 26 years. I tend to be more frugal and future planning she is more of a let tomorrow worry about tomorrow kind of person The first part of our marriage we had a joint account that she managed the expenses out of but that was after I had money taken out ...
by macman_65
Thu Nov 02, 2017 10:29 am
Forum: Personal Consumer Issues
Topic: Do you Mow your own Lawn?
Replies: 90
Views: 3897

Re: Do you Mow your own Lawn?

My daughter mows it - 4.5 acres. (Wife does the parts that need to be reached with a push mower).
by macman_65
Mon Oct 23, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Helping college costs of grandchildren
Replies: 37
Views: 2773

Re: Helping college costs of grandchildren

I guess I would consider the gift to be for the grandkids not the kids.

Not sure why the kids that are childless would expect money to pay for their own children's' education when they don't have kids.
by macman_65
Mon Oct 16, 2017 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Pulling the trigger on rebalancing/simplification of my 401k
Replies: 3
Views: 359

Pulling the trigger on rebalancing/simplification of my 401k

Over the past 25 years my 401K had frayed into 12 different funds - including 4 separate target funds, a couple different midcaps, etc. I pulled the trigger on re-balancing to try to emulate the "three fund" approach. This is what I went with - does this seem reasonable - any red flags? I am 52 look...
by macman_65
Wed Oct 04, 2017 7:25 am
Forum: Personal Consumer Issues
Topic: How to improve credit score
Replies: 23
Views: 1670

Re: How to improve credit score

You may not be able to do anything about it, if you don't have long enough credit history. My credit rating fluctuates between 810-835 usually it drops shortly after I pay my daughter's college bill. My numbers are close to what you supplied: 100% on-time payments 1% Credit used 115K available credi...
by macman_65
Mon Sep 18, 2017 10:09 am
Forum: Local Chapters and Bogleheads Community
Topic: New Columbus, Ohio Chapter
Replies: 54
Views: 6928

Re: New Columbus, Ohio Chapter

I'm in NW Ohio about 2 hours from Columbus. Would love to have you at the next meeting. You can email Mark at ColumbusBogleheads@gmail.com to get on the local email list. FYI - Cleveland area also has a local chapter (if that is any closer to you). Thanks, email sent. Cleveland is about 3.5 hours a...
by macman_65
Mon Sep 18, 2017 9:39 am
Forum: Local Chapters and Bogleheads Community
Topic: New Columbus, Ohio Chapter
Replies: 54
Views: 6928

Re: New Columbus, Ohio Chapter

I'm in NW Ohio about 2 hours from Columbus.
by macman_65
Mon Sep 18, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Pocket money allowance for college student
Replies: 48
Views: 3328

Re: Pocket money allowance for college student

I put my daughter as an authorized user on my credit card for her first 3 years - which I monitored. She goes to school without a meal plan but has a dorm with a full kitchen so she had to buy groceries. Prior to her senior year (current) - she got a credit card under her own name so she can learn t...
by macman_65
Thu Aug 31, 2017 11:43 am
Forum: Personal Finance (Not Investing)
Topic: How many "investment" accounts do you have?
Replies: 61
Views: 7257

Re: How many "investment" accounts do you have?

13
Fidelity: 401K, Roth
Scottrade: brokerage, Roth
Computershare: brokerage
Ally: Checking, Savings, MM
Local CU: Checking, Savings
529 for each kid (2)
Pension
by macman_65
Wed Aug 30, 2017 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Concerns about under/over funding 529
Replies: 16
Views: 1625

Re: Concerns about under/over funding 529

My oldest daughter will be graduating in December. Her college funding was split about 60% from 529 and the other 40% from savings. I think this percentage works pretty well and I will be shooting for about the same percentage for my youngest daughter who is currently in 9th grade. I am expecting to...
by macman_65
Mon Aug 21, 2017 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my recently widowed mom's finances
Replies: 22
Views: 1715

Re: Help with my recently widowed mom's finances

I am sorry about your father. Are you familiar with the Government Pension Offset provisions? Just be sure that your mother's SS benefit is not affected by it before you make any decisions. The OP indicated that his mother was eligible to receive her own SS at FRA - which implies that she had a job...
by macman_65
Fri Aug 18, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: ETF index fund, anytime a good time?
Replies: 13
Views: 1476

Re: ETF index fund, anytime a good time?

If you have never invested before, going all in with stock markets at all time highs might be a mistake as you probably have a low risk tolerance. Have you considered what your asset allocation would be, based on how you would feel if the market declined 20, 40% or more? https://www.bogleheads.org/...
by macman_65
Fri Aug 11, 2017 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Individual stocks for fun
Replies: 24
Views: 2282

Re: Individual stocks for fun

Buy enough different stocks and you have an index fund with 0% ER. Isn't that the BH way?
by macman_65
Wed Aug 02, 2017 10:00 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 30351

Re: How much money do you need to retire?

I am 52 / 1.3M

My retire point is 2M or 62 whichever comes first.
by macman_65
Thu Jul 20, 2017 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Considering pension plan in asset allocation
Replies: 37
Views: 2307

Re: Considering pension plan in asset allocation

I have always considered my pension (and my SS) to be a part of my asset allocation. Not doing this distorts the AA horribly, pushing it into a very conservative stance. In my case DW and I have pensions and SS. Right now I consider them to be the equivalent of 4% bonds. If interest rates go higher...
by macman_65
Wed Jul 19, 2017 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Paying for college expenses
Replies: 9
Views: 1266

Re: Paying for college expenses

Another, kind of related question - Currently, he has an add-on card on one of my credit cards but from what I can see this would NOT build up his own credit history. He turns 18 in September. At that time, would it be a good idea to have a credit card issued in his own name from the bank where we ...
by macman_65
Fri Jul 14, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Estate planning to avoid probate
Replies: 16
Views: 2044

Re: Estate planning to avoid probate

Her time is split between Illinois (house) and Utah (condo).
by macman_65
Fri Jul 14, 2017 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Estate planning to avoid probate
Replies: 16
Views: 2044

Re: Estate planning to avoid probate

Depending on the state of residence, the nature of the assets and other details, avoiding probate may not, on balance, be something you/she may really want to do. it seems to me, as the situation is described, proper, fair and reasonable distribution of the assets should be the highest priority. Un...
by macman_65
Fri Jul 14, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Estate planning to avoid probate
Replies: 16
Views: 2044

Estate planning to avoid probate

I am the executor of my mother's estate - appx 2M. She is 78 but in relative good health, golfs 5 days a week and still shoots in the 40's (on occasion). I would guess she has another 15-20 years but who knows. She has made it clear to me that she would like to set up the estate to avoid probate. I ...
by macman_65
Fri Jun 30, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Am I on track, or just crazy...
Replies: 38
Views: 6756

Re: Am I on track, or just crazy...

So you are planning on raising and teaching your kids on the water until they start high school?
With no contact or interaction with other kids their age?
by macman_65
Thu Jun 22, 2017 8:50 am
Forum: Personal Consumer Issues
Topic: Fermenting Vegetables
Replies: 45
Views: 4887

Re: Fermenting Vegetables

I ferment hot pepers. I use them sliced or to create hot sauces. A lot of the commercial hot sauces are made with fermented peppers. I know some hot sauces are fermented but I don't know how it's done. How long do you typically let them "mature". Is a standard pickling liquid involved or does the c...
by macman_65
Wed Jun 21, 2017 3:55 pm
Forum: Personal Consumer Issues
Topic: Fermenting Vegetables
Replies: 45
Views: 4887

Re: Fermenting Vegetables

I ferment hot pepers. I use them sliced or to create hot sauces.
A lot of the commercial hot sauces are made with fermented peppers.
by macman_65
Mon Jun 19, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: AA with a pension
Replies: 15
Views: 2177

Re: AA with a pension

What is your age? What is the approximate value of the rest of your retirement portfolio? What is the current cash out value that you could receive as a lump sum if you left the company today? In my opinion it would be reasonable to count that amount as a "bond" for purposes of setting your asset a...
by macman_65
Mon Jun 19, 2017 7:46 am
Forum: Investing - Help with Personal Investments
Topic: AA with a pension
Replies: 15
Views: 2177

Re: AA with a pension

When I elect to retire and begin collecting the pension I will have multiple options. I can receive it as a lump sum or as an annuity payable in monthly installments. There are variations on the type of annuity and I can split between lump sum and annuity in 25% increments (ie 25% lump sum, 75% annu...
by macman_65
Fri Jun 16, 2017 8:49 am
Forum: Investing - Help with Personal Investments
Topic: AA with a pension
Replies: 15
Views: 2177

AA with a pension

Should a pension at retirement impact a current AA decision? I have a pension (400K) that will be account for about 20% of my funds when I retire in 10 years or so. Aside from the pension my current 401k, Roth and other investments are at a 90/10 AA. I was thinking to balance to a 70/30 AA but was w...