Search found 1731 matches

by michaeljc70
Fri Sep 22, 2017 12:18 pm
Forum: Personal Consumer Issues
Topic: Uplifted Driveway = No Home Owners Policy ?!
Replies: 79
Views: 4178

Re: Uplifted Driveway = No Home Owners Policy ?!

wilked wrote:
Fri Sep 22, 2017 10:49 am
Sooner or later that tree has to be removed and you will need to repair your driveway. If it were me I would do it now (assuming you have the funds)
+1. I cannot imagine how it can be fixed for the long term any other way.
by michaeljc70
Thu Sep 21, 2017 3:54 pm
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 4341

Re: Costco vs sams club vs neither.

At some point I'll check it out but I have a strong suspicion that while there may be some nominal savings I'm not sure it will be worth the time and effort. I really dislike long lines. If I have to drive an extra 20 miles round trip and spend an additional hour driving, wading through massive ais...
by michaeljc70
Thu Sep 21, 2017 3:45 pm
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 4341

Re: Costco vs sams club vs neither.

There is a whole science devoted to re-shelving of the products! Our grocery store does that all the time and it drives me crazy but I bet some PhD employees are earning their big paycheck for suggesting re-shelving. What is surprising is that they are always busy, so I can not figure out exactly w...
by michaeljc70
Thu Sep 21, 2017 10:53 am
Forum: Personal Consumer Issues
Topic: Uplifted Driveway = No Home Owners Policy ?!
Replies: 79
Views: 4178

Re: Uplifted Driveway = No Home Owners Policy ?!

Someone noted - Why would an insurance company want to insure something with a known possible claim attached to the property? Your home has more risk and a possible claim could cancel out all the premiums you ever paid, and more! Absolutely correct. On 8/8/2017 I tripped and fell on neighbors uplif...
by michaeljc70
Thu Sep 21, 2017 10:50 am
Forum: Personal Consumer Issues
Topic: Uplifted Driveway = No Home Owners Policy ?!
Replies: 79
Views: 4178

Re: Uplifted Driveway = No Home Owners Policy ?!

I appreciate the responses. However, I don't agree they are trying to 'help us'. They are trying to reduce their risk and increase their profit margin. The chances of me being sued is extremely minuscule. If I am, I have a $1M umbrella. It is not in my financial interest to spend $5-10K getting fix...
by michaeljc70
Thu Sep 21, 2017 10:47 am
Forum: Personal Consumer Issues
Topic: Tenant wants to break contract. How much to pay an attorney?
Replies: 33
Views: 2241

Re: Tenant wants to break contract. How much to pay an attorney?

Try to work out a deal. Something like they cover the rent until you find a new tenant. Did you do build outs specifically for this tenant? If so, I would also want to recover that money. Going to court will take forever. You may never get any money even if you win and be left with huge legal bills....
by michaeljc70
Wed Sep 20, 2017 8:30 pm
Forum: Personal Consumer Issues
Topic: USPS lost very important certified mail - What next?
Replies: 46
Views: 4729

Re: USPS lost very important certified mail - What next?

Something about this scenario (or the explanation), is not adding up. In any event, I don't think you're getting your $8.00 or so back, and you're definitely not going to get any other compensation from the USPS. Maybe it's time to hire a delivery service if the transaction is really important. +1....
by michaeljc70
Wed Sep 20, 2017 3:46 pm
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 4341

Re: Costco vs sams club vs neither.

One thing that has been touched upon a little is their return policy. Over the last 20 years, I have returned two items (they broke) that were over $500 each that probably no other store would have taken back. More than paid for my membership. I'm sure the policy is abused so I try to use it in a re...
by michaeljc70
Wed Sep 20, 2017 12:14 pm
Forum: Personal Consumer Issues
Topic: USPS lost very important certified mail - What next?
Replies: 46
Views: 4729

Re: USPS lost very important certified mail - What next?

OP here. Finally a USPS rep called me and said they found the letter at the suburban office and it will be mailed back to me since they cannot deliver to the addressee. Hope it comes back :) At least I can avoid USPS for the re-delivery of the check. I don't know if I can request a refund of the ce...
by michaeljc70
Wed Sep 20, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 113
Views: 14014

Re: Who has needed to use their umbrella insurance?

"When a judge/jury enters a verdict for damages in a negligence case, he/they do not know how much wealth the Defendant has" Every $2MM+ judgement Ive heard about has been levied against a defendant who has substantial assets, like a corporation. In other words I havent seen a multi-million dollar ...
by michaeljc70
Wed Sep 20, 2017 12:00 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "entertainment"?
Replies: 50
Views: 3189

Re: How much do you spend on "entertainment"?

Last 12 months: $3500 dinner/liquor out $1600 liquor at home (probably more as some gets bunched in with groceries depending where it is bought). $6200 vacations $100 magazines/newspapers $1500 internet/cable tv $12,900 I'll note for the liquor at home we entertain quite a bit. I didn't include food...
by michaeljc70
Wed Sep 20, 2017 11:53 am
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 4341

Re: Costco vs sams club vs neither.

At some point I'll check it out but I have a strong suspicion that while there may be some nominal savings I'm not sure it will be worth the time and effort. I really dislike long lines. If I have to drive an extra 20 miles round trip and spend an additional hour driving, wading through massive ais...
by michaeljc70
Tue Sep 19, 2017 6:06 pm
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 4341

Re: Costco vs sams club vs neither.

I read the thread regarding Costco and Sam's. Because of that wife and i went to Sam's. It was very clean, very bright, and most importantly, not crowded. Bumping into people while shopping ruins everything, that's what you get at Costco. I'd rather pay a little more to avoid the crowds...i vote fo...
by michaeljc70
Tue Sep 19, 2017 5:50 pm
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 4341

Re: Costco vs sams club vs neither.

It sounds like a lot may have changed since your previous experience with wholesale clubs. Both now generally accept major credit cards. Costco only accepts Visa . Costco.com accepts Visa, MC, Discover, and their branded Visa card. I believe the physical warehouse might as well. I'll have to call t...
by michaeljc70
Tue Sep 19, 2017 5:37 pm
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 4341

Re: Costco vs sams club vs neither.

I've belonged to both. I think Costco has higher end merchandise and the stores are cleaner and have better service. You don't have to buy huge quantities. There are only two of us, and most things are not so big that it turns us off. If I lived in a small apartment with no storage, it would be diff...
by michaeljc70
Tue Sep 19, 2017 12:31 pm
Forum: Personal Consumer Issues
Topic: Finding contractor for small-ish, hourly job (deck carpentry)
Replies: 19
Views: 1023

Re: Finding contractor for small-ish, hourly job (deck carpentry)

I'd look on Yelp or Angie's list probably. At least you can read some reviews. Hiring someone from Craigslist how do you know if they know what they are doing (though what you need sounds pretty basic).

Another option is a handyman service. They are used to small jobs.
by michaeljc70
Tue Sep 19, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Psychological effects of Early Retirement in peak earning years.
Replies: 63
Views: 6880

Re: Psychological effects of Early Retirement in peak earning years.

I have a decent job and thru utilizing Boglehead principles I'm in a position financially to retire. Just generally have about 65x expenses, SS, estimate 3k per month at 70 plus pension of 22K at 65. Live in LCOL area. No debt, just monthly CC that I pay in full. I'm 58 and still working full time....
by michaeljc70
Tue Sep 19, 2017 12:01 pm
Forum: Personal Consumer Issues
Topic: USPS lost very important certified mail - What next?
Replies: 46
Views: 4729

Re: USPS lost very important certified mail - What next?

heartwood wrote:
Mon Sep 18, 2017 3:08 pm
Based on my own experiences with trying to resolve something with USPS, or even contact someone at USPS, I'd pay the bank fee, stop payment and reissue the check.
This. Dealing with the post office in Chicago is not worth $30.
by michaeljc70
Sat Sep 16, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 113
Views: 14014

Re: Who has needed to use their umbrella insurance?

There are trial attorneys who will go after everything and not care if they put you on the street. True. But a lot are pragmatic and know court can be unpredictable and trying a case very expensive and time consuming. I've also heard of many people "winning" judgements and never being able to colle...
by michaeljc70
Sat Sep 16, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Have Obamacare and want to self pay
Replies: 16
Views: 1431

Re: Have Obamacare and want to self pay

But if you apply to a plan outside of the government market and its a non-compliant plan then it does go to underwriting? Correct? I had this with Farm Bureau Health last year. I was rejected. Almost all individual plans must comply (there are a few exceptions like short term coverage). My insuranc...
by michaeljc70
Sat Sep 16, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Early mortgage payoff vs investing
Replies: 19
Views: 1574

Re: Early mortgage payoff vs investing

I often find when there is no "right" answer, like in this case, it is best to split the difference (50% toward mortgage, 50% toward investing). It may not lead to huge wins, but it also usually prevents big regrets.
by michaeljc70
Sat Sep 16, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Have Obamacare and want to self pay
Replies: 16
Views: 1431

Re: Have Obamacare and want to self pay

I've been told by knowledgeable people in doctor office billing departments, that the contract they sign with the insurance companies forbids them from offering a lower price to uninsured people. I suppose this is to encourage the patients to buy insurance. I've heard this also from multiple people...
by michaeljc70
Sat Sep 16, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 113
Views: 14014

Re: Who has needed to use their umbrella insurance?

I don't have an umbrella policy, but it has been on my to do list for a while. There are a lot of expensive cars on the road where I live and most likely need for an umbrella would be being at fault for an auto accident with one or more expensive cars and/or one or more people being injured that hav...
by michaeljc70
Thu Sep 14, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella insurance
Replies: 56
Views: 4851

Re: Turned down for umbrella insurance

Why are you sticking with Liberty? I would just go somewhere else assuming the rates were the same or lower. I wouldn't want to give such a company more business. This should not be complicated to do. Inertia, and really no reason to switch, and I don't like giving out personal information all over...
by michaeljc70
Thu Sep 14, 2017 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella insurance
Replies: 56
Views: 4851

Re: Turned down for umbrella insurance

Why are you sticking with Liberty? I would just go somewhere else assuming the rates were the same or lower. I wouldn't want to give such a company more business. This should not be complicated to do.
by michaeljc70
Thu Sep 14, 2017 9:14 am
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 17350

Re: Is it really Worth it to brown bag your lunch at work?

I've always ate lunch out. If I'm working I like to get out of the office. I don't particularly like leftovers or cold sandwiches/salads. Sure it costs more, but I spend pretty frugally on most other things.
by michaeljc70
Mon Sep 11, 2017 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 342
Views: 39920

Re: Quicken's future direction - a cause for concern

If Quicken really wanted to, assuming you use any online features, they could push out an update and lock everything up. Though I don't overtly trust Quicken, they do have access to the username and password to every bank account, brokerage account, HSA account and credit card account I have. If the...
by michaeljc70
Mon Sep 11, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing Home With Girlfriend; Good or Bad?
Replies: 68
Views: 5413

Re: Purchasing Home With Girlfriend; Good or Bad?

I'm going to go against the grain here and say that it can be is a good idea...with some caveats. I could have done either of the following things 3 years ago: 1. get married and buy house together 2. stay "single" and buy house together We chose option 2. Financially, it makes more sense to our pa...
by michaeljc70
Mon Sep 11, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 342
Views: 39920

Re: Quicken's future direction - a cause for concern

If they went into the cloud, then there would be no different Mac/PC versions. It wouldn't surprise me if they went that direction. I've played with Mint some more. There is no way it is really a substitute for Quicken for me. For one thing, it is constantly asking me for codes (that are sent via tx...
by michaeljc70
Sat Sep 09, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about accepting new job that pays a bit less
Replies: 27
Views: 2120

Re: Thinking about accepting new job that pays a bit less

$1.2 million, projected in real inflation adjusted terms, in 30 years will likely get you somewhere between $3.0 million (approx 3% real return) to $4.8 million (5.0% real), at which point you can easily/conservatively spin off a minimum of $90K per year (3 million @ 3% withdrawal rate). My calcula...
by michaeljc70
Sat Sep 09, 2017 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing Home With Girlfriend; Good or Bad?
Replies: 68
Views: 5413

Re: Purchasing Home With Girlfriend; Good or Bad?

No. There are many reasons, most already listed. I've done it. Relationship ended 1 year later and I was stuck selling a place in a bad market or keeping a house I never would have bought for myself and uprooting everything for the 2nd time in a year. My Brother did this. They broke up but the house...
by michaeljc70
Sat Sep 09, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about accepting new job that pays a bit less
Replies: 27
Views: 2120

Re: Thinking about accepting new job that pays a bit less

$1.2 million, projected in real inflation adjusted terms, in 30 years will likely get you somewhere between $3.0 million (approx 3% real return) to $4.8 million (5.0% real), at which point you can easily/conservatively spin off a minimum of $90K per year (3 million @ 3% withdrawal rate). My calcula...
by michaeljc70
Sat Sep 09, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about accepting new job that pays a bit less
Replies: 27
Views: 2120

Re: Thinking about accepting new job that pays a bit less

It is around a 20% gross pay cut, which would be probably not that noticeable net taking both your incomes into account. I say yes, but I would make sure it just isn't the travel that is cut back. If you have to work more hours, obviously that would be a factor. If you would enjoy the new job less, ...
by michaeljc70
Sat Sep 09, 2017 5:57 pm
Forum: Personal Consumer Issues
Topic: New home: 30% increase in construction supplies due to hurricane -- [frustrated]
Replies: 10
Views: 1658

Re: New home: 30% increase in construction supplies due to hurricane -- [frustrated]

Maybe the builder wants to make bank by doing more lucrative rebuilding projects and is trying to get out of building your house.
by michaeljc70
Sat Sep 09, 2017 5:50 pm
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 6065

Re: Luxury car: perception vs reality

To elaborate on what I said above, I live in a townhouse development in a very large city. They vary, but are probably worth $350k on average. Many people have luxury cars, yet they have the original 20 year old tacky (in my opinion) vertical plastic blinds in their windows. Most have not remodeled ...
by michaeljc70
Sat Sep 09, 2017 5:46 pm
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 6065

Re: Luxury car: perception vs reality

Recently my friend said " i don't understand how many people can afford to buy luxury cars" Based on your experience, are there more people with NW >1M and don't have a luxury car OR people with NW< 1M and have a luxury car? 1M is taken as arbitrary number, while luxury car is anything above 50M Ab...
by michaeljc70
Thu Sep 07, 2017 11:11 am
Forum: Personal Consumer Issues
Topic: Ideas to use a large flat space in yard
Replies: 26
Views: 2734

Re: Ideas to use a large flat space in yard

I love water features of all types. A pond or small stream and pool or a fish pond would add lots of character and look great. All kinds of people here in Tahoe have them as do my neighbors in Arizona. See below for some examples. The key is you already have the slope so you just add some plastic a...
by michaeljc70
Thu Sep 07, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Should we let MIL pay off our mortgage?
Replies: 69
Views: 8691

Re: Should we let MIL pay off our mortgage?

Lots of comments. I agree this plan is fraught with perils. It seems like "we have a house we don't need so let's come up with a scheme around it." I would have MIL give max gift not subject to tax ($14k) in cash each year to each kid. This is beneficial tax-wise and keeps kids from blowing all the ...
by michaeljc70
Thu Sep 07, 2017 10:42 am
Forum: Personal Consumer Issues
Topic: Places to see in Chicago
Replies: 42
Views: 2418

Re: Places to see in Chicago

While the suggestions thus far are all good, as a native Chicagoan I've got to suggest to try to visit some neighborhoods besides downtown to truly get a sense of the city (which some people have already done admittedly). Get some authentic Mexican at a taqueria in Pilsen, get some Vietnamese on Ar...
by michaeljc70
Thu Sep 07, 2017 8:22 am
Forum: Personal Consumer Issues
Topic: Bosch dishwasher?
Replies: 90
Views: 6596

Re: Bosch dishwasher?

I hope the Bosch works out for the OP. I commented above about having good luck with Bosch the last 15 years. I think dishwashers are like cars though. At one time, the differences between top of the line middle of the line and bottom of the line were huge. Not so much anymore. Most are fairly quie...
by michaeljc70
Wed Sep 06, 2017 10:08 pm
Forum: Personal Consumer Issues
Topic: Bosch dishwasher?
Replies: 90
Views: 6596

Re: Bosch dishwasher?

I hope the Bosch works out for the OP. I commented above about having good luck with Bosch the last 15 years. I think dishwashers are like cars though. At one time, the differences between top of the line middle of the line and bottom of the line were huge. Not so much anymore. Most are fairly quiet...
by michaeljc70
Wed Sep 06, 2017 9:56 am
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 23413

Re: Name something you had to have and now you regret purchasing it?

Mostly upgrading electronic devices (computers, tablets, laptops) when there was really nothing wrong with the original. They typically turned out to be marginally better, but I am usually disappointed.
by michaeljc70
Tue Sep 05, 2017 12:34 pm
Forum: Personal Consumer Issues
Topic: Bosch dishwasher?
Replies: 90
Views: 6596

Re: Bosch dishwasher?

We bought a lower level Bosch from Lowes (think it was $600 or $800) a few years ago. We've been satisfied with it, but thought we'd be happier. Had problems with the drying element pretty much from the start. Thought it would be quieter and work a bit better with caked on food. I'm guessing the hi...
by michaeljc70
Fri Sep 01, 2017 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: Optum is taking over my HSA.
Replies: 30
Views: 3938

Re: Optum is taking over my HSA.

curiouskitty wrote:
Fri Sep 01, 2017 7:09 pm
The new funds are live! Moved everything to Total Stock Market. I was happy to note my Wells Fargo fund is up 16% since they got the funds late last year :moneybag
I did exactly the same. Happy to be saving .36% on ER and have it more aligned with my portfolio.
by michaeljc70
Fri Sep 01, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Would you DCA from S&P 500 to TSM?
Replies: 13
Views: 1158

Re: Would you DCA from S&P 500 to TSM?

Thanks. I just moved it all at once. As people stated, they are very similar. I am also saving .36% ER. In the 15 years I've had the HSA, that has probably added up. There have not been a lot of good options (low fees/good investment options) for individual HSAs though.
by michaeljc70
Thu Aug 31, 2017 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Would you DCA from S&P 500 to TSM?
Replies: 13
Views: 1158

Would you DCA from S&P 500 to TSM?

My HSA now has a .04% ER Vanguard TSM fund. Currently I am in a Wells Fargo S&P 500 fund with a .4% ER. Obviously I want the lower ER and the TSM fits better into my portfolio (I only chose the S&P 500 because there was no TSM fund). I have about $75k in there. Since 75% of the TSM is the S&P 500, i...
by michaeljc70
Thu Aug 31, 2017 10:21 am
Forum: Personal Consumer Issues
Topic: Bosch dishwasher?
Replies: 90
Views: 6596

Re: Bosch dishwasher?

I currently have a Kenmore that I don't like as well as my old GE Profile so have been poking around looking at dishwashers. I like Miele and Bosch products (vacuums, power tools, etc.), but am a little cautious choosing one of their dishwashers. Even my Kenmore that I don't love doesn't have a fil...
by michaeljc70
Wed Aug 30, 2017 4:10 pm
Forum: Personal Consumer Issues
Topic: How do you reverse a lifetime of frugality and learn to spend some money?
Replies: 59
Views: 6273

Re: How do you reverse a lifetime of frugality and learn to spend some money?

Start small by spending more on a something you really enjoy. Like a hobby, favorite restaurant or favorite city, etc. Think of something you've always thought about doing but didn't due to the cost and do it (assuming you can afford it).
by michaeljc70
Wed Aug 30, 2017 1:06 pm
Forum: Personal Consumer Issues
Topic: Bosch dishwasher?
Replies: 90
Views: 6596

Re: Bosch dishwasher?

Assuming CR has data for 10 years on the Bosch, all that is saying is if you had purchased that Bosch 10 years ago, you would have bought one which has stellar reliability data. CR really does NOT have the reliability data on the today's Bosch. That is point which people are just not getting it. Th...
by michaeljc70
Wed Aug 30, 2017 1:00 pm
Forum: Personal Consumer Issues
Topic: Bosch dishwasher?
Replies: 90
Views: 6596

Re: Bosch dishwasher

I posted on Facebook ( I've been asking friends and acquaintances, those on and offline) and a neighbor kindly offered to let me hear her Bosch in action. This model: https://www.bestbuy.com/site/bosch-800-series-24-bar-handle-dishwasher-with-stainless-steel-tub-black/5710293.p?skuId=5710293 If it ...