Search found 359 matches

by miamivice
Wed Jun 28, 2017 4:08 pm
Forum: Personal Consumer Issues
Topic: Wrecked Vehicles and Whether or Not to Keep Them
Replies: 6
Views: 213

Re: Wrecked Vehicles and Whether or Not to Keep Them

I'm sorry, but I don't understand the question. The fact you had to replace your roof and air conditioning in your house is immaterial to your question at hand. It is unlikely that your transmission issue was caused by the accident. Rear end car accidents don't typically cause transmissions to fail....
by miamivice
Wed Jun 28, 2017 3:19 pm
Forum: Personal Consumer Issues
Topic: Etiquette question regarding access easement usage
Replies: 24
Views: 2098

Re: Etiquette question regarding access easement usage

...... because the legal easement is probably wider than a driveway needs to be (mine is 30' wide), if he has a preference where exactly you drive. Definitely do so before laying down gravel or pavement..... I'm wondering if you can clarify this statement? Yes, the easement is much wider than the a...
by miamivice
Wed Jun 28, 2017 3:17 pm
Forum: Personal Consumer Issues
Topic: Etiquette question regarding access easement usage
Replies: 24
Views: 2098

Re: Etiquette question regarding access easement usage

As somebody affected by this, I rather hope I'm correct on this. My neighbor is the sort of guy I could see deciding on his own that a driveway serving 4 houses needs to be two lanes wide (he already thinks he has a right to landscape on the easement, which has caused fights between him and another...
by miamivice
Tue Jun 27, 2017 7:37 pm
Forum: Personal Consumer Issues
Topic: Etiquette question regarding access easement usage
Replies: 24
Views: 2098

Re: Etiquette question regarding access easement usage

...... because the legal easement is probably wider than a driveway needs to be (mine is 30' wide), if he has a preference where exactly you drive. Definitely do so before laying down gravel or pavement..... I'm wondering if you can clarify this statement? Yes, the easement is much wider than the a...
by miamivice
Tue Jun 27, 2017 7:35 pm
Forum: Personal Consumer Issues
Topic: Etiquette question regarding access easement usage
Replies: 24
Views: 2098

Re: Etiquette question regarding access easement usage

You mentioned the easement is recorded but do you have a copy of the access easement agreement? Maintenance responsibilities should be addressed in it. There is no access easement agreement. Just a document saying that I have legal access to my property and a survey that shows the location of that ...
by miamivice
Tue Jun 27, 2017 6:20 pm
Forum: Personal Consumer Issues
Topic: Etiquette question regarding access easement usage
Replies: 24
Views: 2098

Re: Etiquette question regarding access easement usage

It would be nice to stop in an introduce yourself even if there were not an easement. In fact, you don't have to even mention the easement. Just meet the new neighbor. I think this is the best advice. Ignore my own anxiety about the easement, and just meet him. If he brings up the easement we can d...
by miamivice
Tue Jun 27, 2017 6:19 pm
Forum: Personal Consumer Issues
Topic: Etiquette question regarding access easement usage
Replies: 24
Views: 2098

Re: Etiquette question regarding access easement usage

F150HD wrote:please post a follow up today or tomato to lettuce know how it goes


Uh, I wasn't planning on meeting the neighbor today, so I'm not able to post a followup to let you know how it went. I will do so after I meet the neighbor.
by miamivice
Tue Jun 27, 2017 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Tipping floor subcontractors?
Replies: 12
Views: 701

Re: Tipping floor subcontractors?

I'd like to weigh in here. Construction work is not a tipped profession. You signed a contract with a firm to perform a specific task, and as part of that contract, you expected the floor to be done to a particular quality level. The firm hired (directly or through intermediary firms) workers to per...
by miamivice
Tue Jun 27, 2017 3:41 am
Forum: Investing - Theory, News & General
Topic: Costco vs. Amazon - Thoughts of Prime Members?
Replies: 62
Views: 6043

Re: Costco vs. Amazon - Thoughts of Prime Members?

At the moment, about the only thing in common between Amazon and Costco is the fact that they both have a membership fee. One (Costco) is mandatory and Amazon's is optional but you get a lot of benefits. Costco is known for selling items in bulk quantities at low prices. Also known for selling high ...
by miamivice
Tue Jun 27, 2017 2:18 am
Forum: Personal Consumer Issues
Topic: Etiquette question regarding access easement usage
Replies: 24
Views: 2098

Etiquette question regarding access easement usage

OK, a while ago I bought a chunk of property, and the access to the chunk of property is through another person's property (access easement). It's legal access and the location of the easement has been surveyed and also is recorded with the county. Legally there is no question. Soon I am planning on...
by miamivice
Sun Jun 18, 2017 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Scratched Bumper with Police on the Scene
Replies: 26
Views: 2355

Re: Scratched Bumper with Police on the Scene

Since it is minor, get an estimate and give him a chance to make it right. If he doesn't then file a claim with his insurance. I don't really understand this advice. Damage to a vehicle is almost never a few hundred dollars. Usually hits about a thousand dollars minimum and often in the 2-3k range....
by miamivice
Wed Jun 07, 2017 11:04 am
Forum: Personal Consumer Issues
Topic: How to buy another car key?
Replies: 16
Views: 1718

Re: How to buy another car key?

However, you don't have to buy the key from the dealer. You can buy the key from eBay or your hardware store and have it cut there, and then bring the key to the dealer for programming. It might be cheaper to do it this way than to buy the key at the dealer. Though check with the dealer first. Some...
by miamivice
Wed Jun 07, 2017 10:11 am
Forum: Personal Consumer Issues
Topic: How to buy another car key?
Replies: 16
Views: 1718

Re: How to buy another car key?

The majority of keys are chipped keys these days. The way they generally work is that if you have two, you can program a third yourself. But if you only have one, you can't program the second key yourself and you generally need a dealer to do it. However, you don't have to buy the key from the deale...
by miamivice
Wed Jun 07, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Should I accept this special work assignment (more pay)?
Replies: 11
Views: 917

Should I accept this special work assignment (more pay)?

I've been offered a special project at work. It will require extra time on weekends and evenings for about 10 weeks. When the project is completed, I'll receive a 10k bonus for the extra effort involved in the project. I'm trying to decide whether it's more important to spend time with my family or ...
by miamivice
Tue Jun 06, 2017 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting
Replies: 47
Views: 3182

Re: Budgeting

For those who use Excel to track spending vs budget, how do you update your spreadsheet with actual transactions? Manually entering them or downloading them periodically and formatting them, etc. has always held back my attempts to budget in Excel. I haven't committed the time to invest in using Qu...
by miamivice
Tue Jun 06, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting
Replies: 47
Views: 3182

Re: Budgeting

We put all of our expenses on one credit card, and I look at the statement balance each month. As long as it is within reason (~$3,000) I don't worry about what we spent our money on. The only expenses that we don't put on the credit card are generally fixed recurring bills so they don't change from...
by miamivice
Tue Jun 06, 2017 9:43 am
Forum: Personal Finance (Not Investing)
Topic: I'm considering buying a house in the $800k range.. can I?
Replies: 67
Views: 6158

Re: I'm considering buying a house in the $800k range.. can I?

I'm really curious how a 29 year old has a work at home job that pays upwards of $360k a year. Looking back at past posts, he was making about $100k two and a half years ago, so he has done well in performance over the last couple years. Understanding how likely his income will continue at this leve...
by miamivice
Mon Jun 05, 2017 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: When a company spins off part of itself, do you keep the new company stock?
Replies: 17
Views: 777

Re: When a company spins off part of itself, do you keep the new company stock?

I believe the academic literature indicates that over the long run restructurings of this sort (where one company spins off a subsidiary into a new publicly traded company) tend to outperform the rest of the market. So, when this sort of thing happens I typically hold both stocks. Thanks. My invest...
by miamivice
Mon Jun 05, 2017 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: Higher salary, but lower employer 401k match...still OK?
Replies: 34
Views: 2147

Re: Higher salary, but lower employer 401k match...still OK?

4% seems cheap to me. Yet it is significantly higher than the average 401(k) match. Like almost 50% higher. :) Interesting. I have worked at three companies in my career. Company A: 3% employer match (50 cents on the dollar up to 6%) plus 3% automatic contribution (6% if you contribute 3%) Company ...
by miamivice
Mon Jun 05, 2017 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: When a company spins off part of itself, do you keep the new company stock?
Replies: 17
Views: 777

Re: When a company spins off part of itself, do you keep the new company stock?

An argument could be made that you bought the "whole" company at the original purchase so why don't you want the "whole" company now? If you don't want the "whole" company maybe you should sell both parts. It's a different animal now. I was looking for what you actuall...
by miamivice
Mon Jun 05, 2017 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: When a company spins off part of itself, do you keep the new company stock?
Replies: 17
Views: 777

When a company spins off part of itself, do you keep the new company stock?

Looking at my portfolio, I have a couple of surprise stocks in there. By surprise I mean companies that I have never bought. They were spinoffs from a larger company, and I now apparently own two companies instead of just one. Three examples: Conagra --> Conagra + Lamb Weston PPL --> PPL + Talen Ene...
by miamivice
Sun Jun 04, 2017 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: Higher salary, but lower employer 401k match...still OK?
Replies: 34
Views: 2147

Re: Higher salary, but lower employer 401k match...still OK?

Obviously $141,000/year with a 4% retirement match is better than $127,000/year with a 6% match. However, $141,000/year with a 6% retirement match would be even better. 4% seems cheap to me. I would look carefully at the overall benefit package (vacation, insurance, retirement, etc) and make sure th...
by miamivice
Sun Jun 04, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is Flagship membership status worth a $50 [transaction] fee?
Replies: 40
Views: 5208

Re: Is Flagship membership status worth a $50 [transaction] fee?

Transaction fee? What transaction is this fee for - sale transaction for 25 stocks you have with VG brokerage? Yeah. Most are pretty small potatoes. I bought a share of a particular stock because I thought it'd be fun to follow, so that's worth $150 or so (3x what I bought it but sadly I bought 1 s...
by miamivice
Sun Jun 04, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Is it possible to make 75k with 100K in x years ?
Replies: 55
Views: 4556

Re: Is it possible to make 75k with 100K in x years ?

MN Finance wrote:If you can beat the cost of your loan, then you should take out a bigger loan and invest more. Can you take out 200k or 300k?


The first $100k of the HELOAN is tax deductible. Any money beyond that is not.
by miamivice
Sun Jun 04, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Is it possible to make 75k with 100K in x years ?
Replies: 55
Views: 4556

Re: Is it possible to make 75k with 100K in x years ?

How many years will it take and what AA would you recommend to make 75K with 100K cash ? I need to beat my bank BOA's HELOAN for my room remodel for 100K Loan for 30 yrs with 4.2 APY fixed which will cost m 75K extra in interest over 30 yrs - so i need to make $76k at least in 30 yrs on my 100K. My...
by miamivice
Sat Jun 03, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Is Flagship membership status worth a $50 [transaction] fee?
Replies: 40
Views: 5208

Re: Is Flagship membership status worth a $50 [transaction] fee?

I assumed Flagship gave you less time on hold, and a more experienced rep on the phone as well. Is this not true? Gasdoc i think these things are true, but how often do you really have to call? I've never called Vanguard in the 10 years I've had accounts there. Personally I hate calling companies. ...
by miamivice
Sat Jun 03, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance: Adult Child Moving
Replies: 10
Views: 476

Re: Auto Insurance: Adult Child Moving

Is that correct? Any recommendations for best companies to search for a policy, other than our current insurer? One speeding ticket and one accident (other party found to be at fault) within the last couple years. Allstate, Geico, Progressive, Costco (Ameriprise), State Farm, Farmers come to mind. ...
by miamivice
Thu Jun 01, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Drowning in debt
Replies: 52
Views: 4630

Re: Drowning in debt

How much are your current debt payments as a portion of your gross income? If you needed to 100% finance a new car, how much would that monthly payment be as a percent of your monthly income? If you are talking a 50% ratio for everything, then you have a problem. If you are talking a 20% ratio for ...
by miamivice
Thu Jun 01, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Drowning in debt
Replies: 52
Views: 4630

Re: Drowning in debt

What did you purchase with the $140k HELOC? For privacy, I don't wish to disclose it here. I can say it is an asset that I expect to appreciate at 5% per year and costs next to nothing to keep. Is that 5% before or after inflation? Before or after the 4% interest you are paying? This sounds like a ...
by miamivice
Thu Jun 01, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Employer going union, what happens with 401k
Replies: 19
Views: 1848

Re: Employer going union, what happens with 401k

I thought municipal education systems always had 403b rather than 401ks?
by miamivice
Thu Jun 01, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Drowning in debt
Replies: 52
Views: 4630

Re: Drowning in debt

I would like to clarify something. The 9% personal rate of return for the 10 years is not a cherry picked number. Vanguard only shows personal rate of return for a max time period of 10 years. I wish they would do 15 years but sadly they do not. Based on my personal financial history, 9% would also ...
by miamivice
Thu Jun 01, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Is Flagship membership status worth a $50 [transaction] fee?
Replies: 40
Views: 5208

Is Flagship membership status worth a $50 [transaction] fee?

First of all, please forgive me for my three threads in 2 days. I know that too many threads in a short time is wearisome. Anyways, I have been offered Flagship membership status at Vanguard for a one time fee of $50. I am wondering if Bogleheads feel that the benefits of Flagship status would be wo...
by miamivice
Thu Jun 01, 2017 1:15 pm
Forum: Investing - Theory, News & General
Topic: "Effective July 20, 2017, Vanguard will impose a $10 wire fee on outgoing wire redemptions from nonretirement accounts."
Replies: 28
Views: 2664

Re: "Effective July 20, 2017, Vanguard will impose a $10 wire fee on outgoing wire redemptions from nonretirement accoun

The Vanguard wire service was pretty close to useless, in my opinion. You could only wire to a confirmed bank account that you own. No wiring to someone else's account (such as a title company for real estate purchase).
by miamivice
Thu Jun 01, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Drowning in debt
Replies: 52
Views: 4630

Re: Drowning in debt

Carefreeap wrote:What did you purchase with the $140k HELOC?


For privacy, I don't wish to disclose it here. I can say it is an asset that I expect to appreciate at 5% per year and costs next to nothing to keep.
by miamivice
Thu Jun 01, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Drowning in debt
Replies: 52
Views: 4630

Re: Drowning in debt

The interest rates are low enough that if you were a robot, the correct move would be to not liquidate from your taxable to pay down this stuff, IMO. But you're not a robot. You suffer stress, too much stress causes health problems, and health problems are a material liability. How much would you p...
by miamivice
Thu Jun 01, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Drowning in debt
Replies: 52
Views: 4630

Drowning in debt

Apparently, I've made a series of decisions that while individually were good, collectively they have resulted in significant debt that I've taken on. First I bought a house a couple years ago and rather than taking out the mimimum loan (due to low interest rates) I took out the maximum loan possibl...
by miamivice
Wed May 31, 2017 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Condo Assoc seeking thoughts
Replies: 24
Views: 2238

Re: Condo Assoc seeking thoughts

Wow, received many more responses than I thought I would. We have a private road about 1/2 mile long. We are responsible for the exterior outside of the Tyvek, but not for features that extend through the Tyvek (e.g., windows and doors) Decks, walks, driveways are the responsibility of the owners. ...
by miamivice
Wed May 31, 2017 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Scholarship Fund Investment Portfolio question
Replies: 3
Views: 171

Re: Scholarship Fund Investment Portfolio question

How the scholarship fund is being managed brings a lot of heartache to me. First of all, expecting a $65,000 to grow into $100,000 over several years is unrealistic (I consider several to be 3 or 4). You'd have to get a ROI of around 10% to achieve that which comes at significant risk of serious los...
by miamivice
Wed May 31, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Relative just bought a house in a hot market. Should I change my investment strategy?
Replies: 53
Views: 4895

Re: Relative just bought a house in a hot market. Should I change my investment strategy?

You have 300 posts and you are asking this question??? Have long have you lived in Miami? Do ya think this is a good idea? When someone points out to you that they made big money from a hot stock pick, real estate purchase, etc, it does make me question my strategy. I've lived in Miami for 5 years ...
by miamivice
Wed May 31, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Relative just bought a house in a hot market. Should I change my investment strategy?
Replies: 53
Views: 4895

Relative just bought a house in a hot market. Should I change my investment strategy?

At a recent family gathering, a relative mentioned that they bought a house a couple months ago, and it's already gone up in value 20% according to Zillow. And I also know another relative whose house has tripled in value in five years. I've always invested in the stock market rather than housing, b...
by miamivice
Wed May 31, 2017 1:25 pm
Forum: Investing - Theory, News & General
Topic: Does anyone treat taxable as a "someday fund"?
Replies: 86
Views: 5968

Re: Does anyone treat taxable as a "someday fund"?

Withdrawing Roth IRA contributions is the same as tapping your retirement.

Most financial type people would advise against tapping your retirement to buy a boat or car.
by miamivice
Wed May 31, 2017 12:15 pm
Forum: Investing - Theory, News & General
Topic: Does anyone treat taxable as a "someday fund"?
Replies: 86
Views: 5968

Re: Does anyone treat taxable as a "someday fund"?

Yes, I have a someday fund. What I do is regularly project (using Excel) how much I will have per year in retirement. Right now that number is plenty high, so rather than put more into my retirement accounts, I put it into my someday fund. The current plan is to use the someday fund to build a house...
by miamivice
Tue May 30, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Condo Assoc seeking thoughts
Replies: 24
Views: 2238

Re: Condo Assoc seeking thoughts

What your association needs to do is have a reserve study done that will look at your future obligations, your revenue sources, and project whether your association is collecting more than enough, less than enough, or just the right amount in dues in order to pay the future expenses. I would suspect...
by miamivice
Mon May 29, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Havings twins
Replies: 24
Views: 2332

Re: Havings twins

You'll want to start thinking about saving for your kids college expenses, too. I think it's something like $1,000 a month every month between now and the time they turn 18 if you want to pay 100% of your kids college expenses. Maybe more, maybe less but $1,000/month is a good starting point. It se...
by miamivice
Sun May 28, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Havings twins
Replies: 24
Views: 2332

Re: Havings twins

My comments would be to sit down and try to work up a financial plan. Going from DINK (dual income no kids) status to parents of twins is a financial tidal wave. Your budget will get hit. For us, it hit us with daycare expenses. Diapers and formula add up but are small compared to daycare expenses. ...
by miamivice
Thu May 25, 2017 11:58 am
Forum: Personal Consumer Issues
Topic: Help! Renters asking for radon mitigation--what do I need to do?
Replies: 18
Views: 1664

Re: Help! Renters asking for radon mitigation--what do I need to do?

6.6 isn't high. 35 is...that's what ours was before we installed a remediation system ahead of finishing the basement. It's around 5 post remediation. The system itself cost about $500, but I already had the pipe running from basement to attic during construction. 6.6 is higher than the EPA guideli...
by miamivice
Thu May 25, 2017 11:56 am
Forum: Personal Consumer Issues
Topic: Help! Renters asking for radon mitigation--what do I need to do?
Replies: 18
Views: 1664

Re: Help! Renters asking for radon mitigation--what do I need to do?

Baring a state or local legal requirement to remediate, I would decline any remediation work done by renters. I would probably give them the option to move to a different house (break the lease) without a fee if you feel you could rent it to someone else. But, there is a non-zero risk that this acti...
by miamivice
Wed May 24, 2017 2:11 pm
Forum: Personal Consumer Issues
Topic: Is it worth it spending money to keep your house looking sharp?
Replies: 54
Views: 7036

Re: Is it worth it spending money to keep your house looking sharp?

Thanks all. After thinking about it yesterday, I've decided that it is worth it to me to have a sharp looking house. I will keep my costs down where possible, but spending on the house to have a nice looking house is worthwhile.
by miamivice
Wed May 24, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Arrived at milestone - what should be my next step?
Replies: 14
Views: 1496

Re: Arrived at milestone - what should be my next step?

My comments are: Financially, you will do better to hang on to the house debt as long as possible, as a 3.87% rate on a loan (partially tax deductible) is less than the 8% historical average of the stock market. So, I think that taking a long time to pay off your house while putting the savings into...
by miamivice
Tue May 23, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Very Close to FI / RE - Allocation Suggestions?
Replies: 23
Views: 1999

Re: Very Close to FI / RE - Allocation Suggestions?

You might find FIRECalc.com to be an interesting website. Based on your numbers, with a $915,000 portfolio and $48,000 per year in expenses, you would make it 40 years 50% of the time. The other 50% of the time you would run out of money. Of course that doesn't include social security. I don't consi...

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