Search found 30 matches

by ncbill
Wed Jun 21, 2017 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Did I just get seriously ripped off?? (Car lease)
Replies: 54
Views: 4414

Re: Did I just get seriously ripped off?? (Car lease)

iirc, one should shoot for a monthly payment of 1% or less (before tax) of the negotiated selling price, according to leasehackr.com. EDIT: 1% including taxes. This lease is almost 1.5%, so no deal. Get out of it if possible and re-negotiate, or find another dealer. and never, ever, pay any capitali...
by ncbill
Mon Jun 19, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Unable to Access POA in Revocable Trust
Replies: 30
Views: 1725

Re: Unable to Access POA in Revocable Trust

So you didn't understand that any POA was void upon death, and then the bank dragged its feet about paying the medical bills, even though the bank (only the bank?) was named as successor trustee? Yet another reason never to name a bank or other institution as successor trustee... :) This is the part...
by ncbill
Mon Jun 19, 2017 2:37 pm
Forum: Personal Consumer Issues
Topic: Turbochargers
Replies: 60
Views: 3604

Re: Turbochargers

Sure, in theory with design improvements (better cooling, synthetic oil) the newer turbos should last longer. In practice, well as another poster mentions the turbos on the EcoBoost engines...haven't. Given inexpensive gasoline I'll stick with larger, naturally-aspirated engines for the foreseeable ...
by ncbill
Mon Jun 19, 2017 12:54 pm
Forum: Investing - Theory, News & General
Topic: Best Financial Advice from Dad (in honor of father's day)
Replies: 79
Views: 4726

Re: Best Financial Advice from Dad (in honor of father's day)

Another cautionary tale here. Dad made a lot of money from his main business over the years, but kept very little of it. Liked to live large (made him a target of every scammer or hustler out there) plus wasn't wise enough to "stick to his knitting" and lost perhaps as much as half of what...
by ncbill
Mon Jun 19, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Unable to Access POA in Revocable Trust
Replies: 30
Views: 1725

Re: Unable to Access POA in Revocable Trust

This is the part that confuses me. Why did you need anything more than the consular "Report of Death of a U.S. Citizen Abroad" for the lawyer or anyone else involved in settling the estate? Realizing our loved one's lawyer was mandating an American death certificate prior to taking any act...
by ncbill
Fri Jun 09, 2017 9:36 pm
Forum: Personal Consumer Issues
Topic: Used 2013 Audi A5 or New Honda Accord Sport
Replies: 71
Views: 5179

Re: Used 2013 Audi A5 or New Honda Accord Sport

for any German OEM the correct answer is: lease.

then buy a used Honda/Toyota or Acura/Lexus...for when the above is in the shop.
by ncbill
Fri Jun 09, 2017 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: How does a mere mortal navigate healthcare/insurance issues
Replies: 50
Views: 4496

Re: How does a mere mortal navigate healthcare/insurance issues

when mom was sick (in her 50s at the time) given the nature of her illness & the way she appeared because of it, hospitals often assumed she was on Medicare and submitted bills to them even though I told the billing departments time after time that she was private pay. so some bills showed up a ...
by ncbill
Fri Jun 02, 2017 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance options
Replies: 33
Views: 3159

Re: Umbrella Insurance options

travelers required me to increase auto/home coverage to $500K/$500K before they'd sell me an umbrella policy (currently $2 million)

& they just upped it to $500 (1 teenage driver)
by ncbill
Fri May 19, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: How long do I really need to keep tax returns?
Replies: 18
Views: 1535

Re: How long do I really need to keep tax returns?

PDF files on an encrypted virtual drive. The files are small enough that it's still practical to backup that (few hundred MB) virtual drive to the cloud. I still have all my paper returns, but toss the annual documents (W2,1099, etc. - not anything related to basis) every 5 years or so. Obviously th...
by ncbill
Mon May 15, 2017 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 18276

Re: Buying a luxury car (how dumb would it be to do this?)

No moral argument here, but, lease rather than use most all of your projected (not until later this summer?) liquid funds. Especially to buy a vehicle with multiple problem areas, according to actual owner reports. It is more expensive than buying outright, but your income easily covers the cost. If...
by ncbill
Sat May 13, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Who really needs an umbrella insurance?
Replies: 40
Views: 5469

Re: Who really needs an umbrella insurance?

In my view, liability insurance, including umbrella policies, has two functions... 2) It protects anybody who might be seriously harmed beyond the extent I can pay costs and compensation as a result of my actions . Absolutely. Had a buddy in grad school whose relative decided to break into his flat...
by ncbill
Wed May 10, 2017 3:27 pm
Forum: Personal Consumer Issues
Topic: Switching Auto Insurance, need advice on Roadside assistant
Replies: 35
Views: 2258

Re: Switching Auto Insurance, need advice on Roadside assistant

AAA. Read on a forum not too long ago a post from a tow truck driver who pointed out the insurance company roadside assistance plan I was considering paid him the least, so those calls got answered last. AAA is cheaper if you let it lapse then re-up when they mail promo offers. I re-uped for 14 mont...
by ncbill
Tue May 09, 2017 8:41 am
Forum: Personal Consumer Issues
Topic: Buying New Car With Trade In Options
Replies: 15
Views: 895

Re: Buying New Car With Trade In Options

add an extended warranty if possible (from VW, not a 3rd party) the Jetta is fun to drive but not very reliable according to owner reports summarized in consumer reports' latest auto issue. It does not fit my line of work or I'd keep it, it also needs about 2k of work to make it reliable for the mil...
by ncbill
Tue May 09, 2017 6:12 am
Forum: Personal Consumer Issues
Topic: Replacing residential HVAC system, Mesa Arizona
Replies: 19
Views: 1410

Re: Replacing residential HVAC system, Mesa Arizona

Whether SEER over the minimum required is worth it depends solely on your cost per kWh. Here we pay slightly under the national average (around 9 cents/kWh) so it doesn't make sense to buy anything but the minimum required SEER. Also, I would NOT replace a working unit until it literally cannot be f...
by ncbill
Tue May 09, 2017 5:52 am
Forum: Personal Consumer Issues
Topic: Expat Retirement Location with Health Care Eligibility
Replies: 30
Views: 2930

Re: Expat Retirement Location with Health Care Eligibility

Yes, many expats in Mexico buy into their national health plan (IMSS, iirc) which serves essentially as catastrophic coverage. And either buy private insurance or pay out of pocket for routine medical care. (those 65+ usually keep paying their Medicare Part B premium so they can return to the U.S. f...
by ncbill
Tue May 09, 2017 5:30 am
Forum: Personal Finance (Not Investing)
Topic: Used Car Leasing (Conceptually and in Reality)
Replies: 13
Views: 1132

Re: Used Car Leasing (Conceptually and in Reality)

you can lease some CPO models, but I suspect incentives might make a new vehicle more attractive.

as another poster suggested, spend some time on leasehackr.com, and ask your question on their forums.
by ncbill
Fri May 05, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 18276

Re: Buying a luxury car (how dumb would it be to do this?)

Lease it. LEASE LEASE LEASE LEASE LEASE. As others have said you get a 3 year test drive, which allows you to learn its quirks/problems while it's still under warranty . You preserve your liquid savings. Your cash flow is more than adequate to pay the monthly cost (lease payment + taxes + increase ...
by ncbill
Thu May 04, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Most Common Financial Mistakes
Replies: 108
Views: 14065

Re: Most Common Financial Mistakes

getting involved with a high-maintenance SO.
by ncbill
Thu May 04, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 18276

Re: Buying a luxury car (how dumb would it be to do this?)

Wow, I didn't expect all these responses! Thanks, folks. A lot of people are pointing out that we need to save more for college. As someone who teaches kids at an expensive, private university, I'm acutely aware of this issue. We've run the numbers extensively. Our oldest is 10 years away from coll...
by ncbill
Thu Apr 20, 2017 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: College Tuition Waivers and the National Guard
Replies: 2
Views: 474

Re: College Tuition Waivers and the National Guard

It can be even better for those choosing ROTC, if that ROTC will accept them into the simultaneous membership program (SMP) A motivated student could do basic summer after high school. Once accepted into SMP they'd collect drill pay as an E-5, and are not deployable, IIRC, after the first semester i...
by ncbill
Thu Apr 20, 2017 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: What kind of stuff would you never DIY, assuming you could?
Replies: 75
Views: 6297

Re: What kind of stuff would you never DIY, assuming you could?

No heights, not anymore. Had uncles on both sides of the family who fell off ladders - one shattered both ankles, the other both wrists. Worked construction through college (paid the most for unskilled labor) and I can't believe the risks I took back then. E.g. on top of a 3-story roof, no harness, ...
by ncbill
Thu Apr 20, 2017 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Should I cancel my whole life policy?
Replies: 79
Views: 8141

Re: Should I cancel my whole life policy?

Could you define significantly? I have a relative whose parent took out a $500,000 whole life policy on them in 1984, and their death benefit has grown, but currently is only around $650,000 (dividends were not used to offset the annual premium) the death benefit, which has grown and will continue t...
by ncbill
Tue Apr 18, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford private school for my kids?
Replies: 67
Views: 5357

Re: Can I afford private school for my kids?

We did it because it was a high priority for my wife. She had gone to the same (private church) school, but back then it ended at 6th grade. She had...well...let's just say "poor" opinions of her subsequent public school experience. My parents sent me to a snobby, secular private school th...
by ncbill
Tue Apr 18, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: $10 withdrawal by the IRS?
Replies: 17
Views: 1972

Re: $10 withdrawal by the IRS?

Another reason I pay any taxes owed (income, property, etc.) by mail...
by ncbill
Tue Apr 18, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Help me decide pension benefits, single life, 50%, 75% and/or 100% survival benefits
Replies: 41
Views: 2887

Re: Help me decide pension benefits, single life, 50%, 75% and/or 100% survival benefits

But have you considered health issues? My maternal grandparents were always active, never obese, didn't smoke or drink heavily. After retirement, they (she 75, he 85) eventually ended up in a 2BR/2BA cottage at one of the best continuing care communities here. For the first few years things continue...
by ncbill
Fri Dec 09, 2016 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Where to move to for lowest health care costs (for nomad types)
Replies: 34
Views: 3311

Re: Where to move to for lowest health care costs (for nomad types)

If you want truly low-cost medical care it's available, just south of Texas. Many expats there choose to buy into the national health care system (IMSS) for catastrophic (e.g. heart attack or hit-by-a-bus) care. It's priced by what decade you've reached. Given my age, I'd pay less than $200/year. Of...
by ncbill
Fri Aug 22, 2014 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Will you have to pay your parent's long term care costs?
Replies: 57
Views: 5998

Re: Will you have to pay your parent's long term care costs?

Remember, it's not the state bringing these actions. Can a private entity domiciled in another state even have standing to sue a non-resident? I believe that would be for a federal court to decide. Even if they were found to be liable, why wouldn't an umbrella liability policy (substantially cheaper...
by ncbill
Thu Aug 21, 2014 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Will you have to pay your parent's long term care costs?
Replies: 57
Views: 5998

Re: Will you have to pay your parent's long term care costs?

Our state has this type of law, though I've seen an attorney comment that the statute is written so vaguely it would be difficult to enforce.

If you're worried, the best approach is to live in a different state than your parent, if their state has the law on the books.
by ncbill
Thu Aug 21, 2014 3:05 pm
Forum: Personal Consumer Issues
Topic: Subaru Blues
Replies: 103
Views: 15731

Re: Subaru Blues

1997 Legacy GT sedan here w/ 170,000 miles. Head gaskets replaced @ 120,000 miles - overheated out of town - local dealership replaced the head gaskets, radiator, water pump, one half-shaft, all belts/hoses/seals for $2000 - fortunately it was still a company car back then so I was reimbursed for th...
by ncbill
Sun Jul 06, 2008 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Living trust questions
Replies: 15
Views: 4005

Since you are sole heir, skip retitling everything in the new trust tax ID and just transfer everything directly to your name & SS number. Transfer all brokerage accounts into your name. and then worry about moving them to Vanguard. The reason you want to do this ASAP is that taxes on trusts are...

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