Search found 246 matches

by miamivice
Sat Jan 21, 2017 9:10 am
Forum: Investing - Help with Personal Investments
Topic: 529 plan versus supplemental retirement
Replies: 20
Views: 919

Re: 529 plan versus supplemental retirement

I disagree with KlangFool. He simply doesn't like the 529, regardless of how much or how little a person has for retirement. He prefers to pay from taxable account. While that's fine and dandy for KlangFool, it doesn't make sense to save up for children's college in a taxable if you are confident yo...
by miamivice
Fri Jan 20, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Best way for under 25 to rent a car
Replies: 12
Views: 681

Re: Best way for under 25 to rent a car

I used Enterprise in college. They rented under 25. Don't know today.
by miamivice
Fri Jan 20, 2017 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: 529 plan versus supplemental retirement
Replies: 20
Views: 919

Re: 529 plan versus supplemental retirement

I am pro-529, but in your case, I would take a careful look at your retirement situation and see if you feel comfortable with the amount that you have saved for retirement. From my perspective, you're way behind. I would suggest running some scenarios and see how much you expect to have in retiremen...
by miamivice
Sun Jan 15, 2017 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Out of town mechanic botched fix
Replies: 19
Views: 1586

Re: Out of town mechanic botched fix

I don't have any specific advice as to the mechanic, but I will say using a remanufactured alternator is common practice and isn't shady at all (unless they charged you for a new part). Unless you were charged for a new part I wouldn't hold using a reman alternator against the shop. I can't tell fr...
by miamivice
Sun Jan 15, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Out of town mechanic botched fix
Replies: 19
Views: 1586

Re: Out of town mechanic botched fix

They can file a mechanics lien and potentially reposes your car.
by miamivice
Sun Jan 15, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Out of town mechanic botched fix
Replies: 19
Views: 1586

Re: Out of town mechanic botched fix

I'm from Southern California and was in the San Francisco area when my 2006 Honda Civic wouldn't start. I brought it in to a local mechanic up there and they told me the alternator died. They replaced said alternator with another used alternator. Diagnostic, service, and part charges totaled to $57...
by miamivice
Sun Jan 15, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 86
Views: 6647

Re: Vanguard on finding a dead person's password

To answer the direct question posed by the OP, I think that being able to login into a deceased person's account would make things much simpler. Not to conduct transactions, but to know which stocks, which accounts, and the overall financial picture of the deceased. The problem (I am speaking broadl...
by miamivice
Thu Jan 12, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Diminished Value: report through own or other party's insurance?
Replies: 13
Views: 1061

Re: Diminished Value: report through own or other party's insurance?

Sure. Ask for 1/2 of the value of the repairs from the other party's insurance company. There really is no hard and fast way to calculate diminished value. The insurance company won't send out someone to inspect your car. Easiest way is to ask them to pay 1/2 of the value of the repairs as diminish...
by miamivice
Wed Jan 11, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Diminished Value: report through own or other party's insurance?
Replies: 13
Views: 1061

Re: Diminished Value: report through own or other party's insurance?

The insurance company paying the diminished value has to assess the quality of the repairs in order to decide on the diminished value amount. If one wants to cash the repair damage check instead of using it to repair the car, is there any way to still get the diminished value claim? Sure. Ask for 1...
by miamivice
Fri Jan 06, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Settlement Advice
Replies: 19
Views: 1102

Re: Auto Insurance Settlement Advice

Another element--besides the obvious--was the effort put into finding a replacement vehicle. Granted, PAYING for the replacement was handled. But they didn't go out and find the right vehicle for us. Mind you, the vehicle isn't anything particularly special. The vehicle we lost in the accident was ...
by miamivice
Fri Jan 06, 2017 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 107
Views: 5293

Re: What monetary value has your education provided you?

tacster wrote:Mine works out to around 100x or thereabouts. Engineering degree.


Defintely worth it!
by miamivice
Fri Jan 06, 2017 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: How many $ to self fund long term care?
Replies: 73
Views: 4953

Re: How many $ to self fund long term care?

I think about $2.5 million in assets would fund 1 persons LTC needs for as long as necessary. $5 million in assets would fund 2 peoples LTC needs for as long as necessary. I think the gripe about the cost of LTC care has to do with it being one big check and for a not very fun cause. I don't see it ...
by miamivice
Fri Jan 06, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in a Masters and Ph.D?
Replies: 101
Views: 5039

Re: Investing in a Masters and Ph.D?

I would love to get a PhD. But the lost opportunity cost of being out of the workforce for 5 years is too great to justify the degree. I consider myself smart because I know that.
by miamivice
Fri Jan 06, 2017 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 107
Views: 5293

What monetary value has your education provided you?

Often, we read articles (at least headlines) about "is a college education worth it?". The articles imply that the lost opportunity cost from being out of the workforce + the cost of college > return on investment from having a degree. Out of curiosity, I looked up my lifetime earnings tha...
by miamivice
Wed Dec 28, 2016 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Are there any benefits to achieving "great wealth"?
Replies: 106
Views: 8004

Are there any benefits to achieving "great wealth"?

OK Bogleheads, I have achieved what I consider "great wealth". I am not Donald Trump wealthy, nor CEO wealthy, nor San Francisco wealthy. But for a person who doesn't fit the previously listed criteria, I have achieved "great wealth". I'm in the 99th percentile by age, according ...
by miamivice
Tue Dec 27, 2016 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Hit salary cap. Receiving lump sum in lieu of raise
Replies: 51
Views: 5298

Re: Hit salary cap. Receiving lump sum in lieu of raise

So apparently at my company. Apparently each position has a maximum salary and once salary hits the magical peak number, we get lump sum increases in lieu of raises. I'm a little grumpy because apparently I am the only one in my group to be affected, everyone else apparently is still getting a rais...
by miamivice
Mon Dec 26, 2016 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Hit salary cap. Receiving lump sum in lieu of raise
Replies: 51
Views: 5298

Hit salary cap. Receiving lump sum in lieu of raise

So apparently at my company. Apparently each position has a maximum salary and once salary hits the magical peak number, we get lump sum increases in lieu of raises. I'm a little grumpy because apparently I am the only one in my group to be affected, everyone else apparently is still getting a raise...
by miamivice
Fri Dec 23, 2016 7:31 pm
Forum: Personal Consumer Issues
Topic: Selling a car as an executor for an estate
Replies: 29
Views: 1934

Re: Selling a car as an executor for an estate

This isn't a financial response, but here goes: If I was the executor of an estate, and I felt that owning a car brought even a tiny bit of enjoyment or happiness to the owner, I would go to great lengths to help the owner keep the car until passing. I would want the owner to be as happy as possible...
by miamivice
Fri Dec 23, 2016 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance for low value personal property
Replies: 11
Views: 754

Insurance for low value personal property

I recently had a random event cause damage to an item that I own, worth $500. If I had a low enough deductible, I probably could have turned it into my homeowners insurance, but my deductible is above $1000 so I couldn't do that. Even if I had a low deductible, from what I have read it is unadvisabl...
by miamivice
Thu Dec 22, 2016 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can I volunteer while on short term disability?
Replies: 27
Views: 1386

Re: Can I volunteer while on short term disability?

There are two problems with this: 1) It is insurance fraud to claim you have a disability and unable to work when you actually are able to work, at least on a modified schedule (subject to the terms of the STD policy). 2) While often ignored, it's illegal to volunteer for a for-profit corporation. F...
by miamivice
Wed Dec 21, 2016 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: What kind of person buys a franchise?
Replies: 49
Views: 5292

Re: What kind of person buys a franchise?

This is my Boglehead answer. I haven't thought much about owning a franchise but the posts above got me thinking. The question to me is - what would I be able to do to make a franchise run more effectively than other franchises? Both those that sell the same product (other franchise owners) and thos...
by miamivice
Wed Dec 21, 2016 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Raising money for a family in need - How To Question (tax related)
Replies: 19
Views: 1440

Re: Raising money for a family in need - How To Question (tax related)

Comment about "potential loss of other financial benefits". A family with a 6 digit trust fund in their name should not be receiving public assistance due to "neediness". A person with a six digit trust fund is not "needy" by any stretch of the imagination. I certainly...
by miamivice
Wed Dec 21, 2016 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Raising money for a family in need - How To Question (tax related)
Replies: 19
Views: 1440

Re: Raising money for a family in need - How To Question (tax related)

I don't get a good feeling about what the OP is thinking about. Essentially, the OP is putting himself in the position of being the "owner" of the family because he is the controller of a large sum of assets that he doles out to the needy family at his discretion. I don't like that at all...
by miamivice
Wed Dec 21, 2016 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Raising money for a family in need - How To Question (tax related)
Replies: 19
Views: 1440

Re: Raising money for a family in need - How To Question (tax related)

The more I think about this the more sticky it becomes. I see the potential for lawsuits (or threats of lawsuits). Money is given to the needy family, but is intercepted by a third party who refuses to give it to the family for a number of years. Bad, bad situation. "Delaying" disbursemen...
by miamivice
Wed Dec 21, 2016 9:53 am
Forum: Personal Finance (Not Investing)
Topic: What kind of person buys a franchise?
Replies: 49
Views: 5292

Re: What kind of person buys a franchise?

It would seem to me that one would do better being a stock picker and picking the next great up and coming restaurant than by trying to own a franchise.
by miamivice
Wed Dec 21, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: What kind of person buys a franchise?
Replies: 49
Views: 5292

Re: What kind of person buys a franchise?

I've only known one guy. He was a Dad for a kid on my son's soccer team. He went to the local state school, working at Domino's as a grunt and eventually managing it. The owner saw he was dedicated and smart got him to manage several other of the other outlets. Eventually bought one of his own (aft...
by miamivice
Tue Dec 20, 2016 4:43 pm
Forum: Personal Consumer Issues
Topic: Grocery cart rolls into side of car, dent, scratched
Replies: 92
Views: 6534

Re: Grccery cart rolls into side of car, dent, scratched

From a liability standpoint, I think the grocer is wrong. Say the grocery cart did far worse damage, like suppose it killed someone. (Not sure HOW that could have happened but let's say it did.) And let's say the cart was abandonded my a mentally-ill transiet. Would that transient be responsible for...
by miamivice
Tue Dec 20, 2016 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: How To? - 529 vs Taxable Analysis
Replies: 22
Views: 1049

Re: How To? - 529 vs Taxable Analysis

I think the biggest point I would share is that 529 plans don't really "lock up your money" per se. You can take out the basis contributions without penalty if you needed access. No, you can't. It's only the Roth IRA that lets you do that. When you pull out money from a 529, you pull out ...
by miamivice
Tue Dec 20, 2016 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Raising money for a family in need - How To Question (tax related)
Replies: 19
Views: 1440

Re: Raising money for a family in need - How To Question (tax related)

The more I think about this the more sticky it becomes.

I see the potential for lawsuits (or threats of lawsuits). Money is given to the needy family, but is intercepted by a third party who refuses to give it to the family for a number of years. Bad, bad situation.
by miamivice
Tue Dec 20, 2016 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Raising money for a family in need - How To Question (tax related)
Replies: 19
Views: 1440

Re: Raising money for a family in need - How To Question (tax related)

I don't get a good feeling about what the OP is thinking about. Essentially, the OP is putting himself in the position of being the "owner" of the family because he is the controller of a large sum of assets that he doles out to the needy family at his discretion. I don't like that at all....
by miamivice
Tue Dec 20, 2016 10:28 am
Forum: Investing - Help with Personal Investments
Topic: How To? - 529 vs Taxable Analysis
Replies: 22
Views: 1049

Re: How To? - 529 vs Taxable Analysis

I've read a number of the threads here on the 529 vs a Taxable account...I am one that has the concern of "what if my kid doesn't go to school". While yes I have plenty of others that I could change the beneficiary to, I'm just not convinced that's right. Up until recently I've been going...
by miamivice
Sun Dec 18, 2016 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Branch from our tree fell on neighbor's house ??
Replies: 60
Views: 5484

Re: Branch from our tree fell on neighbor's house ??

The OP should pay 100% of all damage. I am amazed this is even in question. Having a too-large tree or a tree too-near the neighbors is negligent. Trees should never be allowed to hang over neighbor's property nor be allowed to get so big they'd fall on any house. Who planted the tree, if anyone? W...
by miamivice
Sun Dec 18, 2016 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Branch from our tree fell on neighbor's house ??
Replies: 60
Views: 5484

Re: Branch from our tree fell on neighbor's house ??

I am of the feeling that if my insurance wouldn't pay for damage to another person's house, I wouldn't chip in anything for the deductible. Chipping in for the deductible is a way of accepting responsibility, and I wouldn't want to accept responsibility for something that (under state law) was not m...
by miamivice
Mon Dec 12, 2016 9:16 pm
Forum: Investing - Theory, News & General
Topic: The age old 529 plan vs retirement question
Replies: 14
Views: 1733

Re: The age old 529 plan vs retirement question

I'm pro 529. ~ While my wife was pregnant with our child-to-be, I sunk about ~$30,000 into a 529. I did this for both of our kids and today the sum has grown from the basis of $66,000 to about $125,000. That's around $60,000 of tax free gains. At the 15% capital gains tax, I've saved about $9,000 in...
by miamivice
Mon Dec 12, 2016 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Where to save money to buy a car
Replies: 13
Views: 1075

Re: Where to save money to buy a car

Here is another "approach" that might offer long term benefits (all according to your circumstances): For most auto purchasers, the interest rates on loans for new vehicle purchases are among the loweest rates available. This "approach" would be to bump up higher return savings,...
by miamivice
Mon Dec 12, 2016 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Where to save money to buy a car
Replies: 13
Views: 1075

Re: Where to save money to buy a car

Here is another "approach" that might offer long term benefits (all according to your circumstances): For most auto purchasers, the interest rates on loans for new vehicle purchases are among the loweest rates available. This "approach" would be to bump up higher return savings,...
by miamivice
Mon Dec 12, 2016 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 17
Views: 1482

Re: Disability Insurance

I'm calling BS on this thread. First of all, nurse case managers don't make 115,000 a year at age 31. Second, in the case of a person with monoscopic vision (using one eye only due to poor vision) does not "overload" the good eye leading to vision problems. The good eye will remain good i...
by miamivice
Mon Dec 12, 2016 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 17
Views: 1482

Re: Disability Insurance

I'm calling BS on this thread. First of all, nurse case managers don't make 115,000 a year at age 31. Second, in the case of a person with monoscopic vision (using one eye only due to poor vision) does not "overload" the good eye leading to vision problems. The good eye will remain good i...
by miamivice
Sun Dec 11, 2016 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 17
Views: 1482

Re: Disability Insurance

I'm calling BS on this thread. First of all, nurse case managers don't make 115,000 a year at age 31. Second, in the case of a person with monoscopic vision (using one eye only due to poor vision) does not "overload" the good eye leading to vision problems. The good eye will remain good in...
by miamivice
Tue Nov 29, 2016 10:22 am
Forum: Investing - Help with Personal Investments
Topic: 529 Plans
Replies: 5
Views: 612

Re: 529 Plans

I'm pro-529. From my calculations, they are an excellent way to pay for college and skip paying taxes. To answer your question, the grandparents should open a 529 with their name listed as the beneficiary. Then at what point they decide to pay for the grandchildren's education (keeping in mind that ...
by miamivice
Tue Nov 29, 2016 9:41 am
Forum: Investing - Help with Personal Investments
Topic: What should the target amount to save up for college be?
Replies: 13
Views: 1762

Re: What should the target amount to save up for college be?

Here is what I did. Two kids, ages 6 and 2. When my wife was pregnant with each child, I set aside a sum of money (put into 529) that I expected would grow into a value about 75% of the cost of college. The remaining 25% I figured would be skin in the game for my kids. To figure this amount, I took ...
by miamivice
Tue Nov 29, 2016 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Does your employer pay for continuing education?
Replies: 27
Views: 1385

Does your employer pay for continuing education?

Out of curiosity, how many of you have employers that actually pay for continuing education (i.e., college classes)? Is it a "paper program" (meaning they have a policy for it but never fund it) or can you actually go take classes and have them pay for them? Manager approval required? Are ...
by miamivice
Tue Nov 22, 2016 9:27 am
Forum: Personal Finance (Not Investing)
Topic: What rate do you figure for yearly college inflation?
Replies: 7
Views: 564

What rate do you figure for yearly college inflation?

What rate do you use in your calculations for the annual increase of college education? I have used 6% in my calculations, as this is often quoted as the average inflation of college tuition. A few months ago, I realized that room and board, which may be a large portion of a budget or a small portio...
by miamivice
Mon Nov 21, 2016 1:38 pm
Forum: Personal Consumer Issues
Topic: Bowling alley in the basement
Replies: 30
Views: 3083

Bowling alley in the basement

Have you ever thought about putting a bowling alley in your basement? Do you know anyone that has done so?

I would be curious on how much it cost, how bad the maintenance is, and any other comments if someone here has done this or known someone who has.
by miamivice
Sun Nov 20, 2016 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Do you track your net worth? How long have you done so?
Replies: 110
Views: 8276

Do you track your net worth? How long have you done so?

I started tracking my net worth about 11 years ago, when I was out of college by a few months. The idea popped in my head at work when they were talking about budgets and it seemed like a good idea. I've been pretty consistent about it, trying to do it once a month. I've tracked my net worth 96 time...
by miamivice
Fri Nov 18, 2016 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house for your college kid?
Replies: 46
Views: 3863

Would you buy a house for your college kid?

When I was in college, there was one student whom I knew whose parents decided to buy a house for them. The plan was the parents would buy the house. The student would like in the house for 3-4 years while in college and rent out rooms to friends, etc, and then the parents would sell the house after...
by miamivice
Sat Nov 12, 2016 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Is Vanguard's website down
Replies: 10
Views: 813

Re: Is Vanguard's website down

There is a neat website http://downforeveryoneorjustme.com/ that lets you check to see if a website is down for everyone.

Vanguard is up right now.
by miamivice
Sat Nov 12, 2016 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Valuation of Donated Items
Replies: 9
Views: 673

Re: Valuation of Donated Items

There is a website called itsdeductible.com. You can input goods and the value automatically populated based on the condition. Then if you use TurboTax for taxes, it will automatically input the items into TurboTax. Real convenient. No charge for itsdeductible, but TurboTax is generally not free to ...
by miamivice
Sat Nov 12, 2016 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Go part time number
Replies: 63
Views: 6324

Re: Go part time number

To me, it doesn't make sense to go part time. I enjoy working and would rather either work full time or be retired. I've known some people who have gone part time and it seems they are just as tied down as working full time but with half (or less) pay. Just my opinion.
by miamivice
Sat Nov 12, 2016 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard 20 year personal performance?
Replies: 6
Views: 914

Re: Vanguard 20 year personal performance?

Though it might satisfy curiosity, I don't think 20 year performance is relevant to anything going on today. Things and times change. I like the rolling 5-year trend for my conservative planning. I like the Vanguard personal performance information because it shows how much I have made in the stock...

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