Search found 202 matches

by matonplayer
Wed Feb 03, 2016 4:04 am
Forum: Personal Finance (Not Investing)
Topic: What age did you retire
Replies: 84
Views: 6440

Re: What age did you retire

52. Best thing I ever did.
by matonplayer
Sat Jan 30, 2016 2:16 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15875

Re: Unwinding day old terrible car deal for mother-in-law

A quick Google search indicates that there is no grace period for auto purchases in GA. But a lawyer could look at the contract and possibly find some loophole to get your MIL out of it. Probably worth a call to a lawyer.
by matonplayer
Thu Jan 28, 2016 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Retired & Estimated tax payments ???
Replies: 27
Views: 1109

Re: Retired & Estimated tax payments ???

We just increased the withholding on DW's modest pension to cover tax owed on dividends and interest income so I don't have to pay quarterly. The end result is that nearly her entire pension is withheld. :)
by matonplayer
Fri Jan 08, 2016 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo tax and net investment income tax (Medicare tax)
Replies: 8
Views: 401

Re: Turbo tax and net investment income tax (Medicare tax)

Livesoft, I don't know what the company will issue me - the company that bought my business was subsequently sold, so this will be a first time for the parent company. They -should- issue me a 1099-DIV, since the earnout should be paid as a long term capital gain. The trick is avoiding the 3.8% Medi...
by matonplayer
Fri Jan 08, 2016 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo tax and net investment income tax (Medicare tax)
Replies: 8
Views: 401

Re: Turbo tax and net investment income tax (Medicare tax)

There were earnout provisions as part of the sale that were based on company revenue. The 2015 earnout definitely puts us over the threshold.
by matonplayer
Fri Jan 08, 2016 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo tax and net investment income tax (Medicare tax)
Replies: 8
Views: 401

Re: Turbo tax and net investment income tax (Medicare tax)

I didn't receive any proceeds in 2014 (long story) but I did in 2013. It was treated as a long term capital gain since the sale of the business was executed as a 100% stock sale.
by matonplayer
Fri Jan 08, 2016 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo tax and net investment income tax (Medicare tax)
Replies: 8
Views: 401

Turbo tax and net investment income tax (Medicare tax)

In 2015 I received the final payment from the 2012 sale of my S-Corp business. When I closed on the sale in 2012 my tax accountant told me that any subsequent sale proceeds would not be subject to the 3.8% net investment income tax since I was a material participant in the business. My question is: ...
by matonplayer
Sun Dec 27, 2015 10:05 am
Forum: Personal Consumer Issues
Topic: Viking gas range - repair or replace?
Replies: 14
Views: 914

Re: Viking gas range - repair or replace?

Thanks for all of the suggestions. I can fix a lot of things around the house but it helps if I have good directions. :).
by matonplayer
Sat Dec 26, 2015 3:33 pm
Forum: Personal Consumer Issues
Topic: Viking gas range - repair or replace?
Replies: 14
Views: 914

Re: Viking gas range - repair or replace?

Lafder, my bad. Was going to replace with an LG for $800. Not another Viking. :)
by matonplayer
Sat Dec 26, 2015 2:19 pm
Forum: Personal Consumer Issues
Topic: Viking gas range - repair or replace?
Replies: 14
Views: 914

Re: Viking gas range - repair or replace?

If it were up to me I'd light the fool thing by hand bit not sure DW would go for it. :). I hadn't thought about the resale issue. Something to consider for sure. My guess is we'll be in the house for several years but it won't be our last one.
by matonplayer
Sat Dec 26, 2015 1:54 pm
Forum: Personal Consumer Issues
Topic: Viking gas range - repair or replace?
Replies: 14
Views: 914

Viking gas range - repair or replace?

Our Viking gas range is approximately ten years old - not positive exactly how old since we bought this house last year. Anyway, I discovered yesterday that the two burners in the left won't spark when you turn on the gas - normally, all burners spark regardless of which burner you've turned on. Int...
by matonplayer
Tue Dec 15, 2015 3:07 pm
Forum: Personal Consumer Issues
Topic: Jet.com
Replies: 56
Views: 7129

Re: Jet.com

I tried them one time a month or so ago. The item was described incorrectly and it took weeks to get a credit applied to my CC after I returned the item. I'm sticking with Amazon.
by matonplayer
Mon Dec 14, 2015 12:58 pm
Forum: Personal Consumer Issues
Topic: Ebay issues - non-paying buyer
Replies: 9
Views: 1348

Re: Ebay issues - non-paying buyer

I'm pretty sure that as the seller eBay will refund your transaction fees if the winning bidder doesn't pay but that's all.
by matonplayer
Fri Dec 11, 2015 3:10 pm
Forum: Personal Consumer Issues
Topic: 10 Best Guitar Finger Style Tunes
Replies: 19
Views: 1407

Re: 10 Best Guitar Finger Style Tunes

Anything from Tommy Emmanuel. The best fingerstyle guitarist on the planet.
by matonplayer
Fri Dec 11, 2015 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have enough for financial independence?
Replies: 32
Views: 5207

Re: Do I have enough for financial independence?

Hah, Christine beat me...

Does your 85K include taxes and health insurance? If so you're at a withdrawal rate of 3% not counting any SS benefit. You're probably ok but I'd pay close attention to sequence of returns and sell the boat if times get tough. :)
by matonplayer
Fri Dec 11, 2015 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Small/solo biz - cash vs accrual accounting - pros/cons
Replies: 13
Views: 767

Re: Small/solo biz - cash vs accrual accounting - pros/cons

If you ever plan on selling your business prospective buyers are going to want to see balance sheets based on accrual methods. I learned this the hard way.
by matonplayer
Thu Dec 10, 2015 6:26 pm
Forum: Personal Consumer Issues
Topic: Air duct cleaning estimate - too high?
Replies: 19
Views: 1431

Re: Air duct cleaning estimate - too high?

I suspect you are marked as a "whale" possibly along with everyone in your ZIP code, so you are quoted higher prices than if you were located in a less wealthy neighborhood. Multiple quotes may help somewhat. Also, if your wife would be satisfied with a placebo, then I am sure you can arr...
by matonplayer
Thu Dec 10, 2015 3:37 pm
Forum: Personal Consumer Issues
Topic: Air duct cleaning estimate - too high?
Replies: 19
Views: 1431

Re: Air duct cleaning estimate - too high?

OP here. Thanks for all of the great advice. If it were up to me I'd forego the cleaning but DW is wanting it done. :)
by matonplayer
Thu Dec 10, 2015 11:29 am
Forum: Personal Consumer Issues
Topic: Air duct cleaning estimate - too high?
Replies: 19
Views: 1431

Air duct cleaning estimate - too high?

Just received a quote for air duct cleaning from a supposedly reliable service provider - does this seem reasonable? $550 per HVAC unit X 2 units - $1100 Clean blower motor and assembly X2 - $150 Clean evaporator coil X2 - $150 Total $1400. We recently had major renovations done to our house - lots ...
by matonplayer
Fri Oct 16, 2015 10:05 pm
Forum: Personal Consumer Issues
Topic: Switching from AT&T to Verizon - what's the best way?
Replies: 5
Views: 584

Re: Switching from AT&T to Verizon - what's the best way?

Looks like Verizon is offering $300 per smartphone to switch if we buy one of their phones. I'll have to see if we come out better that way versus buying Verizon phones on eBay.
by matonplayer
Fri Oct 16, 2015 6:12 pm
Forum: Personal Consumer Issues
Topic: Switching from AT&T to Verizon - what's the best way?
Replies: 5
Views: 584

Switching from AT&T to Verizon - what's the best way?

Hi, My family is currently on the AT&T Mobile Share Value plan with 10G shared data for $170 per month. We have four smartphones and an iPad. We've recently moved to an area that has very poor AT&T coverage, so we're seriously considering switching to Verizon. We own all of our devices and a...
by matonplayer
Sun Oct 11, 2015 6:17 pm
Forum: Personal Consumer Issues
Topic: EGO cordless mower, blower, trimmer
Replies: 6
Views: 588

Re: EGO cordless mower, blower, trimmer

I have the EGO mower and am very happy with it. I especially like the fact that I can fold it up for easy storage. The battery lasts more than long enough for the small amount of grass that I have to mow. I love not having to take trips to the gas station to fill up the gas can.
by matonplayer
Mon Oct 05, 2015 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my mom's finances
Replies: 15
Views: 1113

Re: Help with my mom's finances

Thanks for all the input - sounds like staying the course for now is a reasonable way to go.
by matonplayer
Sat Oct 03, 2015 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my mom's finances
Replies: 15
Views: 1113

Re: Help with my mom's finances

What about Medicaid? that is the ultimate last resort when one has no real assets to speak of and still maintain dignity. I don't believe that benefit should be over looked. We haven't explored Medicaid since she still has substantial assets. I just spent 1.5 years dealing with assets, Medicare, th...
by matonplayer
Sat Oct 03, 2015 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my mom's finances
Replies: 15
Views: 1113

Re: Help with my mom's finances

Grt2bOutdoors wrote:What about Medicaid? that is the ultimate last resort when one has no real assets to speak of and still maintain dignity. I don't believe that benefit should be over looked.

We haven't explored Medicaid since she still has substantial assets.
by matonplayer
Sat Oct 03, 2015 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my mom's finances
Replies: 15
Views: 1113

Re: Help with my mom's finances

This is not the time to deal with statistics, but your mom is not likely to outlive her assets. If she does, lucky her, but you will find there are still options. It is likely that she can same place and receive exactly the same level of care. All moms deserve the best that we can do for them. Dale...
by matonplayer
Sat Oct 03, 2015 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my mom's finances
Replies: 15
Views: 1113

Re: Help with my mom's finances

runner9 wrote:Where did she previously live? Is there an empty house in play here?

No empty house. My brother bought hers, thus the small mortgage he's paying back to her.
by matonplayer
Sat Oct 03, 2015 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my mom's finances
Replies: 15
Views: 1113

Help with my mom's finances

My brothers and I had to place our 87 year old Mom in an assisted living facility recently due to her decline in both physical and mental ability. Here's her current financial situation (per month): Income: $324 pension and $1074 SS, $1398 total. Expenses: $245 health insurance, $4900 for assisted l...
by matonplayer
Wed Sep 09, 2015 3:03 pm
Forum: Personal Consumer Issues
Topic: new lawn dying / dead due to heat...suggestions?
Replies: 40
Views: 2463

Re: new lawn dying / dead due to heat...suggestions?

What state do you live in and what variety of grass seed was used? EDIT - ok, saw that you're in the northeast. Brown doesn't necessarily mean dead. It may be just dormant. Once grass goes dormant due to lack of water it's hard to get it to go green again without copious amounts of water. Also, plan...
by matonplayer
Mon Sep 07, 2015 8:40 am
Forum: Investing - Theory, News & General
Topic: How much do you have to change your AA to actually effect risk?
Replies: 49
Views: 3373

Re: How much do you have to change your AA to actually effect risk?

I think it all determined by HOW much you need the money that is affected. If one's annual liabilities are exactly 4% of the total portfolio then a drop may make a difference. If it is 1% then not. This is why I have been harping on for awhile that asset allocation is dumb in how it is deployed. Th...
by matonplayer
Sat Aug 22, 2015 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Did a dumb thing [lump summed into market after sitting on cash for years]
Replies: 111
Views: 13514

Re: Did a dumb thing [lump summed into market after sitting on cash for years]

Well, I was just asking since I was having a hard time imagining the folks on this site were not just a bit shaken up by the downturn and the financial expert's prognostications. Am I happy that the market took a big drop the past two days? No. But what are my alternatives? I could try and time the...
by matonplayer
Thu Aug 20, 2015 7:48 am
Forum: Personal Consumer Issues
Topic: Toro Super 700 Sprinkler head adjustment
Replies: 4
Views: 484

Re: Toro Super 700 Sprinkler head adjustment

Yes, you'll need a Toro key.

Here are instructions for installation and arc adjustment: http://www.turfcare.ca/documents/manual ... Manual.pdf
by matonplayer
Mon Aug 17, 2015 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Cash in the house
Replies: 80
Views: 7075

Re: Cash in the house

My great aunt and uncle (brother and sister of my grandmother) lived through the Depression and didn't believe in banks - they were also known to carry large sums of money. In 1961 their house was broken into, and they were tortured and murdered - the logical assumption was that they were tortured t...
by matonplayer
Sun Aug 16, 2015 10:59 am
Forum: Personal Consumer Issues
Topic: Can a bill dispute ruin our credit?
Replies: 30
Views: 2834

Re: Can a bill dispute ruin our credit?

If you never signed a contract that contained an auto renewal clause or agreed to an auto renewal in writing at some point, I'd be tempted to ignore them. If and when they turn the matter over to a collection agency you have all kinds of rights. I believe the collection agency has to notify you in w...
by matonplayer
Mon Aug 10, 2015 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Currently 67 and Wanting to Retire at the Age of 73
Replies: 10
Views: 1501

Re: Currently 67 and Wanting to Retire at the Age of 73

What jumps out as me is the $40,000 car loan. That seems excessive for someone with an income of $75,000. What is the monthly payment on that? Spending that much on transportation will certainly hurt once they go on SS. Spirit Rider - My dad has been driving a minivan for the past 30 years because ...
by matonplayer
Tue Aug 04, 2015 7:37 am
Forum: Personal Consumer Issues
Topic: Furniture Pads for moving
Replies: 12
Views: 996

Re: Furniture Pads for moving

I ended up buying 50 or 60 from Craigslist over a period of a couple of months. You can't have too many if you're moving.
by matonplayer
Mon Aug 03, 2015 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Seller conceals known defects: fraud question
Replies: 53
Views: 6033

Re: Seller conceals known defects: fraud question

I don't see that the fraud issue is relevant because your daughter learned of the septic issue before buying the property, thus there are no damages. It all boils down to the contract. Read it and determine if ther seller is obligated to cancel the contract due to a failure of the parties to agree o...
by matonplayer
Mon Jul 27, 2015 8:01 am
Forum: Personal Consumer Issues
Topic: Moving Container Companies for LONG distance move
Replies: 8
Views: 904

Re: Moving Container Companies for LONG distance move

We moved from MD to NC last November via ABF. We were extremely satisfied. We packed our belongings ourselves in boxes and then used the ABF subcontractors to load and unload the trucks. There is no way I could have packed a truck as tightly and securely as the professionals did it.
by matonplayer
Sun Jul 26, 2015 8:17 am
Forum: Personal Consumer Issues
Topic: Home Warranty company wrongfully denying claim
Replies: 17
Views: 1868

Re: Home Warranty company wrongfully denying claim

Twitter, Facebook, e-mail, etc: I think something in writing might work better than what sounds like a lot of phone calls. Maybe find the e-mail of someone high up, also post on a social media site and see what happens. +1. My wife recently had a horrible customer service experience with an online ...
by matonplayer
Wed Jul 15, 2015 11:21 am
Forum: Personal Consumer Issues
Topic: Tax Consequnces of Retiring to VA or TN
Replies: 14
Views: 1476

Re: Tax Consequnces of Retiring to VA or TN

Although it doesn't address your question directly, I grew up in Knoxville and we recently retired to the Asheville NC area. Knoxville is a great place if you don't mind the heat and traffic, especially in West Knoxville. Knoxville climate is similar to that of the DC region, although probably a few...
by matonplayer
Tue Jul 14, 2015 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Physician: Which Job to Choose
Replies: 32
Views: 3727

Re: Physician: Which Job to Choose

I'm a doc. Days are long enough without adding a 40 minute each way (80 minute round trip assuming no traffic problems) commute every day. And when one considers the alternative to such a commute is living a nice, healthy, fun bike ride to and from work? It wouldn't take me many of those 80 mile ro...
by matonplayer
Fri Jul 10, 2015 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: 5 year CD @ 2.4% - a good deal?
Replies: 32
Views: 4959

Re: 5 year CD @ 2.4% - a good deal?

Maybe I should have rephrased my question. Assuming that the interest rate is competitive, does it make sense to diversify my fixed income holdings? As an early retiree, we're at a 40/60 allocation so I hold a lot of BND and AGG, as well as a large position in MUB in my taxable account. I'm wonderi...
by matonplayer
Fri Jul 10, 2015 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: 5 year CD @ 2.4% - a good deal?
Replies: 32
Views: 4959

Re: 5 year CD @ 2.4% - a good deal?

Maybe I should have rephrased my question. Assuming that the interest rate is competitive, does it make sense to diversify my fixed income holdings? As an early retiree, we're at a 40/60 allocation so I hold a lot of BND and AGG, as well as a large position in MUB in my taxable account. I'm wonderin...
by matonplayer
Fri Jul 10, 2015 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: 5 year CD @ 2.4% - a good deal?
Replies: 32
Views: 4959

5 year CD @ 2.4% - a good deal?

TDA is offering 5 year non-callable CDs at 2.4% from BMW Bank. I'm tempted to sell a chunk of BND to buy the CDs, primarily for diversification, since I don't own any CDs but I own a big chunk of both AGG and BND. Thoughts?
by matonplayer
Mon Jul 06, 2015 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: If you wouldn't buy it, then you should sell it
Replies: 35
Views: 3956

Re: If you wouldn't buy it, then you should sell it

This is nuts.

I own a 2007 BMW with 68K miles. Would I buy an 8 year old car with 68K miles? No. Should I sell mine? Of course not.
by matonplayer
Sat Jul 04, 2015 4:20 pm
Forum: Personal Consumer Issues
Topic: London Edinburgh by car
Replies: 26
Views: 1762

Re: London Edinburgh by car

We just returned from a vacation in Edinburgh. Although we didn't drive in the city we drove from Edinburgh to St. Andrews and back and drove all around Fife, including towns like St. Andrews. 1. Highly recommend an automatic if you're new to driving on the left. The trick to driving on the left is ...
by matonplayer
Wed Jul 01, 2015 8:09 am
Forum: Personal Consumer Issues
Topic: I'm Giving Up Golf
Replies: 40
Views: 7612

Re: I'm Giving Up Golf

We recently moved to a golf community in Western NC. There are quite a few folks here playing (and playing well) into their 80's. Every one of them I've talked to emphasize the need for regular stretching and exercise - many of them do yoga. And playing from the correct set of tees is important - th...
by matonplayer
Fri Jun 26, 2015 2:42 pm
Forum: Personal Consumer Issues
Topic: Scotland / Ireland Castles?
Replies: 29
Views: 3013

Re: Scotland / Ireland Castles?

If her primary interest is in castles, Scotland has many more impressive and interesting castles than Ireland. In Edinburgh, it's hard to miss Edinburgh Castle, as it's on a promontory that dominates the entire city. Definitely worth the admission to tour that one, and you could easily spend half a...

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