Search found 553 matches

by miamivice
Thu Aug 17, 2017 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Percent of retirement expenses from fixed sources?
Replies: 11
Views: 470

Re: Percent of retirement income from fixed sources?

Your thread title asks a different question than you do in the text. The title asks about fixed income as a percentage of retirement income. The text asks about fixed income as a percentage of retirement expenses. It appears the latter is what you are really interested in. We are among the lucky (a...
by miamivice
Thu Aug 17, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Percent of retirement expenses from fixed sources?
Replies: 11
Views: 470

Re: Percent of retirement income from fixed sources?

Usually people planning for retirement with SS and pensions do not have daycare on the list like it is current or very recent. I'm many years from retirement. (Probably 17? Maybe 22?). However, I don't see a rule that says someone 17 or 22 years from retirement can't do some retirement planning.......
by miamivice
Thu Aug 17, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should we pay off the house before the baby arrives?
Replies: 5
Views: 426

Re: Should we pay off the house before the baby arrives?

I would not. You will find your expenses after birth increase greatly, either through lack of 1 spouse's income or extra cost of child care. And these costs keep going and going and going. I would find having an ample taxable account would be good peace of mind, so if I worried about job loss, etc, ...
by miamivice
Thu Aug 17, 2017 6:11 pm
Forum: Personal Consumer Issues
Topic: ABS light, and OBD II scanners.....
Replies: 19
Views: 736

Re: ABS light, and OBD II scanners.....

I'd fix it if you don't mind spending a grand or two fixing it. For reference, the Phoenix car that I owned also had a problem with the air conditioning (it failed one day). I drove around Phoenix in 115 degree heat with no air conditioning, to save cost. Soon after I sold the car and replaced it, w...
by miamivice
Thu Aug 17, 2017 5:48 pm
Forum: Personal Consumer Issues
Topic: ABS light, and OBD II scanners.....
Replies: 19
Views: 736

Re: ABS light, and OBD II scanners.....

Do you need ABS? I lived in Phoenix at one point and had the ABS system fail on me. I didn't have a lot of money at the time, and quickly realized that one does not need ABS in a desert climate. Eventually the red ABS light burned out, and the problem went away. Yeah, I need it! Disabling (or not f...
by miamivice
Thu Aug 17, 2017 5:30 pm
Forum: Personal Consumer Issues
Topic: ABS light, and OBD II scanners.....
Replies: 19
Views: 736

Re: ABS light, and OBD II scanners.....

To answer your original question, ABS is a pretty simple system. Not a whole lot to go wrong. It could be a bad wheel speed sensor. There are four of them, one on each tire. They're generally cheap (maybe $35 or $50) and often not hard to replace. On some vehicles you have to replace the whole wheel...
by miamivice
Thu Aug 17, 2017 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Percent of retirement expenses from fixed sources?
Replies: 11
Views: 470

Re: Percent of retirement income from fixed sources?

Our fixed income is about the same as yours, and completely covers all non-discretionary spending. So almost all our income from savings is used for travel, hobbies, away from home meals, and entertainment. Thinking about season's tickets to Dallas Cowboys games. It's a comfortable, non-stressful l...
by miamivice
Thu Aug 17, 2017 5:14 pm
Forum: Personal Consumer Issues
Topic: ABS light, and OBD II scanners.....
Replies: 19
Views: 736

Re: ABS light, and OBD II scanners.....

Do you need ABS? I lived in Phoenix at one point and had the ABS system fail on me. I didn't have a lot of money at the time, and quickly realized that one does not need ABS in a desert climate. Eventually the red ABS light burned out, and the problem went away. Yeah, I need it! Disabling (or not f...
by miamivice
Thu Aug 17, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Percent of retirement expenses from fixed sources?
Replies: 11
Views: 470

Percent of retirement expenses from fixed sources?

I've been doing a bit of retirement planning this week. It looks to me that we'll have about $70,000 a year (today's dollars) in retirement income during our golden years: His Fixed Retirement Income Pension - $1200/month Social Security - $2500/month Her Fixed Retirement Income Pension - $1500/mont...
by miamivice
Thu Aug 17, 2017 4:56 pm
Forum: Personal Consumer Issues
Topic: ABS light, and OBD II scanners.....
Replies: 19
Views: 736

Re: ABS light, and OBD II scanners.....

Do you need ABS?

I lived in Phoenix at one point and had the ABS system fail on me. I didn't have a lot of money at the time, and quickly realized that one does not need ABS in a desert climate. Eventually the red ABS light burned out, and the problem went away.
by miamivice
Thu Aug 17, 2017 4:53 pm
Forum: Personal Consumer Issues
Topic: Paying directly for damage caused to someone else's car
Replies: 17
Views: 1148

Re: Paying directly for damage caused to someone else's car

Call your insurance, they will explain to you more and more skillfully. I think you are not the first one to fall into this situation. When I did this, 20 yeas ago, I was given the same advice as on this board. Go ahead and pay the other party directly but have them sign a release of liability at t...
by miamivice
Thu Aug 17, 2017 4:52 pm
Forum: Personal Consumer Issues
Topic: Paying directly for damage caused to someone else's car
Replies: 17
Views: 1148

Re: Paying directly for damage caused to someone else's car

First of all, I don't get why folks don't want to use insurance. As others pointed out, there is no deductible. My family has (sadly) been involved in multiple at fault accidents, and the amount they raise insurance is virtually zero. I think my insurance went up $100/6 months after I got into an ac...
by miamivice
Wed Aug 16, 2017 1:44 am
Forum: Personal Consumer Issues
Topic: Postal Service -- "informed delivery"
Replies: 88
Views: 4614

Re: Postal Service -- "informed delivery"

I'm still chuckling at the notion that using the service to compare the mail that I did receive versus the mail I should have received on a daily basis is a good use of my time.
by miamivice
Tue Aug 15, 2017 9:43 pm
Forum: Personal Consumer Issues
Topic: What kind of hotel do you get on business travel?
Replies: 45
Views: 2988

Re: What kind of hotel do you get on business travel?

TIAX wrote:
Tue Aug 15, 2017 9:27 pm
miamivice wrote:
Tue Aug 15, 2017 2:01 am
Of course, my preferences don't factor in to where my company puts me up, and I stay where they want me to stay.
You don't pick your hotel?
Nope.
by miamivice
Tue Aug 15, 2017 9:43 pm
Forum: Personal Consumer Issues
Topic: Postal Service -- "informed delivery"
Replies: 88
Views: 4614

Re: Postal Service -- "informed delivery"

I appreciate the information and signed up for the service since it sounded interesting.

With that said, I sincerely do not have the time to compare the letters received each day to the scanned images to make sure nothing is missing....
by miamivice
Tue Aug 15, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Spending help: Best use for $800 per month ?
Replies: 18
Views: 1503

Re: Spending help: Best use for $800 per month ?

I like this thread. I have proposed to my wife that I become a stay at home dad but keep our kids in daycare. (Firecalc says we can do this). She just laughs at the idea. Also, kids in daycare turn out just fine. The statement above that daycare kids turn out differently is not supported by research...
by miamivice
Tue Aug 15, 2017 2:01 am
Forum: Personal Consumer Issues
Topic: What kind of hotel do you get on business travel?
Replies: 45
Views: 2988

What kind of hotel do you get on business travel?

I seem to be doing my fair share of business travel these days. I'm wondering what kind of hotel do you normally get when you go on business travel? I think most of us expect to do better than Motel 6 / Super 8, but don't normally expect luxury hotels like 4 Seasons. Which ones do you normally get s...
by miamivice
Fri Aug 11, 2017 8:58 pm
Forum: Personal Consumer Issues
Topic: Computerized car maintainance records or service history?
Replies: 5
Views: 539

Re: Computerized car maintainance records or service history?

I think it's just dealers although I haven't looked into it.

I consider it to be an invasion of privacy. There is no reason a public record needs to be created for each and every oil change on a particular vehicle.
by miamivice
Fri Aug 11, 2017 8:17 pm
Forum: Personal Consumer Issues
Topic: Problem with Vanguard Account Profile-% of Completion
Replies: 5
Views: 679

Vanguard profile only 50% complete!

I just logged into Vanguard and it told me my profile is only 50% complete! I have been a Vanguard member for 12 years and am nearing Flagship status, yet I have a halfway completed profile. :confused Anyone else see this, and are you as annoyed as I am? (Looking at the remainder of items I need to ...
by miamivice
Fri Aug 11, 2017 8:14 pm
Forum: Personal Consumer Issues
Topic: Elite status clubs that you are part of?
Replies: 31
Views: 3169

Elite status clubs that you are part of?

Are there any elite status clubs that you are part of?

For example, Hilton Hhonors, Marriott Rewards, Vanguard Flagship, etc, etc, etc.

What benefits do you get from your elite status membership?
by miamivice
Fri Aug 11, 2017 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Can a salaried employee be docked pay...
Replies: 33
Views: 3246

Re: Can a salaried employee be docked pay...

I'm asking regarding a friend, this is the language I keep reading: "Being paid on a “salary basis” means an employee regularly receives a predetermined amount of compensation each pay period. The predetermined amount cannot be reduced because of variations in the quality or quantity of the employe...
by miamivice
Wed Aug 09, 2017 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance on Empty Lot
Replies: 10
Views: 857

Re: Insurance on Empty Lot

would the lot necessitate some form of 'no trespassing' sign to protect the owner if someone hurt themselves on the property somehow? (a kid playing w/ friends etc) No trepassing signs will not reduce your liability in the event that a kid playing with friends was injured and the landowner was foun...
by miamivice
Wed Aug 09, 2017 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance on Empty Lot
Replies: 10
Views: 857

Re: Insurance on Empty Lot

As others said, your existing homeowners policy (and umbrella insurance policy, if applicable) will likely cover liability. Just ask your insurance agent.
by miamivice
Wed Aug 09, 2017 3:42 am
Forum: Personal Finance (Not Investing)
Topic: Backpack qualified expense for 529 plan?
Replies: 19
Views: 1429

Re: Backpack qualified expense for 529 plan?

I can give you my opinion, but it doesn't count. The US Tax Court is the entity whose opinion matters in this particular instance. You can research the tax court rulings on qualified expenses for 529 plans. You can review one Tax Court case here: https://www.ustaxcourt.gov/UstcInOp/OpinionViewer.asp...
by miamivice
Mon Aug 07, 2017 10:08 pm
Forum: Personal Consumer Issues
Topic: Las Vegas Slot Machine Strategy (maximize entertainment value)
Replies: 31
Views: 2284

Re: Las Vegas Slot Machine Strategy (maximize entertainment value)

runner3081 wrote:I know they aren't slots, but I greatly prefer video poker to slots. Money seems to go on longer and it takes more time with some thought involved.
Actually, video poker are slot machines in disguise. I can't really explain but it's what I've read.
by miamivice
Mon Aug 07, 2017 8:54 pm
Forum: Personal Consumer Issues
Topic: Las Vegas Slot Machine Strategy (maximize entertainment value)
Replies: 31
Views: 2284

Las Vegas Slot Machine Strategy (maximize entertainment value)

I'm posting this in the Personal Consumer Issues (how we spend our money) because I consider playing the slot machine to be consumptive entertainment, not a practical way to make your assets grow. I'm curious for suggestions on how to get the most bang for my slot machine buck. Basically, I have fou...
by miamivice
Thu Aug 03, 2017 2:35 pm
Forum: Personal Consumer Issues
Topic: buy private party used car - bank of america to exchange?
Replies: 8
Views: 806

Re: buy private party used car - bank of america to exchange?

I once did this for a car, although with Wells Fargo. Selling party was very dubious about whether it worked but after about four or five assurances from Wells Fargo, she handed the title over to us.
by miamivice
Thu Aug 03, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: 85/15 too aggressive at age 35?
Replies: 89
Views: 7798

Re: 85/15 too aggressive at age 35?

I'm 38 and hold 100% stocks. Many say it's too risky but I don't have immediate needs for the money and figure I have time to ride out any bear markets. I'll reassess at probably 7 years before retirement age. Right now that scheduled for 55, so in 9 years I'll start to move more to safer investments.
by miamivice
Thu Aug 03, 2017 1:01 pm
Forum: Investing - Theory, News & General
Topic: The Rise From 7,000 to 22,000
Replies: 49
Views: 6392

Re: The Rise From 7,000 to 22,000

I remember the stock market crash very well. It was about that time that I found I had some extra money in our bank account, and decided to open a Roth IRA in my wife's name. I mailed off a paper check to Vanguard, and it was deposited the day the stock market hit it's low (or close to that day). I ...
by miamivice
Thu Aug 03, 2017 12:42 pm
Forum: Personal Consumer Issues
Topic: Building a cabin
Replies: 2
Views: 557

Building a cabin

OK, I'm into cabins right now. I am not planning on actually building one, but having fun thinking about it and trying to wrap my mind around the construction process, cost, etc. Unfortunately, I am not finding much helpful information. I can't seem to find any builders that build stick-built cabins...
by miamivice
Thu Aug 03, 2017 7:21 am
Forum: Investing - Help with Personal Investments
Topic: Burned out at 28. Do I have enough?
Replies: 62
Views: 9531

Re: Burned out at 28. Do I have enough?

I'm torn on this thread. On one hand, I agree with others that a work/life balance is important. What the OP described doesn't sound like something that he can do for the long term. We should have employment that we enjoy. On the other hand, 28 is young. If he's a college student, he's not very many...
by miamivice
Thu Aug 03, 2017 5:01 am
Forum: Investing - Help with Personal Investments
Topic: Selling domain names
Replies: 4
Views: 543

Re: Selling domain names

I don't have a lot of suggestions, except to say that my understanding is that a company that owns a trademark has a right to that domain name at no charge. I think that has limited the value of a lot of domain names.
by miamivice
Wed Aug 02, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Cabins - "investments" or "consumptive purchases"
Replies: 38
Views: 2902

Re: Cabins - "investments" or "consumptive purchases"

As noted by others above, it is a consumptive purchase, but then so is your primary residence. There's a lot of debate about whether a primary house is an investment or consumptive purchase. For our family, our primary house has always been an investment as the ones we've owned have appreciated abo...
by miamivice
Wed Aug 02, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Help with understanding - pay taxes now or in future
Replies: 59
Views: 3179

Re: Help with understanding - pay taxes now or in future

However, with the assumption that taxes always go up, doesn't it make sense to just pay today's known federal and state income tax rate instead of deferring and paying an unknown , likely higher, tax rate? If the fees and funds offered in a 401k/403b program are inferior, then this approach seems t...
by miamivice
Wed Aug 02, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Help with understanding - pay taxes now or in future
Replies: 59
Views: 3179

Re: Help with understanding - pay taxes now or in future

How much will you get paid when you retire? You will not have a salary. So, why would you pay more tax when you have less income at retirement? You have a variety of non-salary income streams in retirement, including: - Social security, both yours and your spouses - Pension income - Withdrawals fro...
by miamivice
Tue Aug 01, 2017 6:04 pm
Forum: Personal Consumer Issues
Topic: prescriptions drugs and claw backs
Replies: 20
Views: 1443

Re: prescriptions drugs and claw backs

If you don't want to pay out of pocket for prescription drugs, why are you on a high deductible plan? That is the nature of the beast.
by miamivice
Tue Aug 01, 2017 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA: if known result, why complete?
Replies: 44
Views: 2562

Re: FAFSA: if known result, why complete?

TomatoTomahto wrote:@munemaker, I'm not sure what you're referring to, but let's not get this thread shut down


He's saying it's not the government's business to know what his personal financial information. I agree.
by miamivice
Tue Aug 01, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Cabins - "investments" or "consumptive purchases"
Replies: 38
Views: 2902

Re: Cabins - "investments" or "consumptive purchases"

Carefreeap wrote:Not everything is about money.


Good point!
by miamivice
Tue Aug 01, 2017 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Cabins - "investments" or "consumptive purchases"
Replies: 38
Views: 2902

Cabins - "investments" or "consumptive purchases"

I am seriously looking at buying a cabin in North Carolina. It seems like a lot of fun to me, as a place to take the family on long weekends and enjoy quality time together. Wife is not convinced, she thinks it sounds like more work, less play. Do you consider folks that own cabins to have made &quo...
by miamivice
Tue Aug 01, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA: if known result, why complete?
Replies: 44
Views: 2562

Re: FAFSA: if known result, why complete?

My father refused to fill out the FAFSA for us. His stated reason is that it wasn't the government's damned business knowing what his assets were. While he firmly believed that, I also think there was a secondary reason that he didn't feel the government had any right to determine the expected famil...
by miamivice
Tue Aug 01, 2017 4:12 pm
Forum: Personal Consumer Issues
Topic: Any tips for negotiating with extended stay hotels?
Replies: 5
Views: 848

Re: Any tips for negotiating with extended stay hotels?

I would seriously look at AirBNB, or perhaps multiple AirBNBs, if you are comfortable going that route. Guest bedrooms in many areas run a fraction of the cost of an extended stay hotel.
by miamivice
Tue Aug 01, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: 529 or Mortgage
Replies: 38
Views: 2078

Re: 529 or Mortgage

Funds left in a 529 that aren't used for "qualifying" expenses will also be subject to a penalty (I believe). There are lots of expenses in college years that aren't covered. Can you give some examples of college expenses that aren't considered qualifying for the purpose of a 529 withdraw...
by miamivice
Tue Aug 01, 2017 7:20 am
Forum: Personal Consumer Issues
Topic: Who's Responsible?
Replies: 23
Views: 1463

Re: Who's Responsible?

To know who is responsible, you would have to dig into Amazon's sales policies. It should indicate where the responsibility lies and who would be responsible. We all can give our opinions, but the only thing that counts is the sales policy. Items left on doorstop are a gray area. I have had a much m...
by miamivice
Tue Aug 01, 2017 1:07 am
Forum: Personal Finance (Not Investing)
Topic: what should my parents do with $100k they just received.
Replies: 12
Views: 1711

Re: what should my parents do with $100k they just received.

If they only have $50k saved for retirement, they will not have much income in retirement. Less than $75k a year. Long term capital gains will be 0%, so I don't see any reason to try to stuff the 100k into a Roth IRA. They'll pay 0% capital gains regardless of Roth IRA versus taxable. I'm thinking t...
by miamivice
Mon Jul 31, 2017 4:02 pm
Forum: Personal Consumer Issues
Topic: Cheapest transportation to airport?
Replies: 39
Views: 2216

Re: Cheapest transportation to airport?

I don't know if op will have carseat with him or knows how to safely and quickly install it. If you Google uber carseat you will find many drivers cancel, although they might be lenient for $66 fare.
by miamivice
Mon Jul 31, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should we increase our retirement savings rate?
Replies: 35
Views: 2708

Re: Should we increase our retirement savings rate?

Can we get an update on what you posted not that long ago: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=220152 Sure. Essentially, I haven't drowned yet, which is good, but the extra 1000 a month toward heloc is tough. I would like to get it paid off. How is your "undisclosed myster...
by miamivice
Mon Jul 31, 2017 3:47 pm
Forum: Personal Consumer Issues
Topic: Cheapest transportation to airport?
Replies: 39
Views: 2216

Re: Cheapest transportation to airport?

Will you have a carseat with you for your 3 year old? Not sure uber driver will let you install it, but you need to. Consider carseat requirement in your planning.
by miamivice
Mon Jul 31, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: 529 or Mortgage
Replies: 38
Views: 2078

Re: 529 or Mortgage

Jimb, How long ago did you go to College? Today, it is not practical advice to say students can work their way through college. It costs about 100,000 on up, and a college student can't make an appreciable dent in that by working. It is practical to say students can work their way through college, ...
by miamivice
Mon Jul 31, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: 529 or Mortgage
Replies: 38
Views: 2078

Re: 529 or Mortgage

Yeah, my personal goal is 75% of estimated college in 529, 25% child share (skin in the game).

Turned out that stock market has been rising much faster than college, so we're close to 100% in 529. Who knows what will happen in the next ten years though.
by miamivice
Mon Jul 31, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: 529 or Mortgage
Replies: 38
Views: 2078

Re: 529 or Mortgage

To answer the Ops question, 51k is a good start on a 529. I would be careful not to put too much more into it unless your desire is an expensive school. Maybe 20k more at most. Penaltities and taxes are steep for nonqualified withdrawals.