Search found 4993 matches

by stan1
Sat Dec 16, 2017 1:47 pm
Forum: Personal Consumer Issues
Topic: Best place to get a Suit
Replies: 21
Views: 1446

Re: Best place to get a Suit

I am 31 and wanting one for job fairs and interviews. I am starting the certificate in personal financial planning program at Kansas State next semester and have seen people in jackets and ties for the job fairs/interviews they conduct You are correct, if you are looking for a job in personal finan...
by stan1
Sat Dec 16, 2017 10:04 am
Forum: Personal Consumer Issues
Topic: Best place to get a Suit
Replies: 21
Views: 1446

Re: Best place to get a Suit

My standard answer is to dress a little better than your peers but not so much that you stand out. If you work in an executive, legal, sales, or fashion related job you'll want to dress differently than if you are going to an interview for an IT job and then put the suit in the closet until the next...
by stan1
Sat Dec 16, 2017 8:52 am
Forum: Personal Consumer Issues
Topic: Apple Watch - which case for my wife?
Replies: 7
Views: 394

Re: Apple Watch - which case for my wife?

Does your wife currently have pink accessories she wears? If yes probably safe to get it. If no I would choose stainless or silver aluminum. Then the decision is whether you want the plastic or metal band. Does she wear a watch now? Does it have a plastic or metal band? Also plan to exchange it if y...
by stan1
Fri Dec 15, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: LTC policy increase - keep, reduce coverage or ditch?
Replies: 18
Views: 1286

Re: LTC policy increase - keep, reduce coverage or ditch?

If about $28K in premiums will give you peace of mind and you can easily afford this coverage (you have over $2M in assets) I'd just do it. Likewise if you have over $2M you can probably self insure unless there's a reason you think your heirs need to inherit a large estate such as a special needs c...
by stan1
Thu Dec 14, 2017 10:06 pm
Forum: Personal Consumer Issues
Topic: How to find a good realtor that negotiates well
Replies: 21
Views: 1266

Re: How to find a good realtor that negotiates well

When it comes to selling I have previously looked for the "hot shot" realtors who sell the most homes in the particular market. Worked well for me. The local board of realtors can tell you who they are. This. You want a realtor who likes to win and is successful (closes sales on many houses each ye...
by stan1
Thu Dec 14, 2017 9:31 am
Forum: Personal Consumer Issues
Topic: Downsizing - How much to invest in a house before selling?
Replies: 25
Views: 2212

Re: Downsizing - How much to invest in a house before selling?

We sold my inlaws 20 year old house in a low cost of living area about 6 months ago. Sales price was $150K and was bought by first time buyers. Realtor advised deep cleaning, remove but do not replace dated or broken window coverings (including all drapes), new paint, and new stainless appliances, l...
by stan1
Thu Dec 14, 2017 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Young Investor: When to diversify
Replies: 22
Views: 1384

Re: Young Investor: When to diversify

Is the money at Vanguard in an IRA account or a taxable account? If its in the IRA I'd put it into a Target Retirement 2060. When you convert the expense ratio to dollars the amount is negligible. The difference between 0.03% and 0.16% on a $10,000 investment is $13/year. Right now I'd be focused on...
by stan1
Thu Dec 14, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Is it good idea to buy yearly maintenance from HVAC company
Replies: 14
Views: 1448

Re: Is it good idea to buy yearly maintenance from HVAC company

I'm not a fan of HVAC maintenance contracts. One advantage in our very HCOL area where there aren't a lot of HVAC technicians is that the company you have the contract with will put you to the head of the line if you have a problem during a heat or cold wave. If your AC fails during a heat wave here...
by stan1
Wed Dec 13, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: pay down mortgage or invest in taxable
Replies: 15
Views: 1511

Re: pay down mortgage or invest in taxable

We made one extra payment a year for about 10 years, two extra payments a year for about 5 years, then eventually paid off our mortgage. Having a six figure taxable account gives you liquidity to make decisions that come up in life without having to take out a loan or postpone something important to...
by stan1
Mon Dec 11, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Tax Consequences of Un-Jointing a Joint Account
Replies: 19
Views: 913

Re: Tax Consequences of Un-Jointing a Joint Account

Does knowing why help answer the question? If so, I don't see it, if not, um, why do you have to ask? Well for one in my state the two split joint accounts would still be community property. Maybe that's the intent, maybe it isn't. We don't know. Sometimes better advice is given if we know why. Of ...
by stan1
Mon Dec 11, 2017 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Tax Consequences of Un-Jointing a Joint Account
Replies: 19
Views: 913

Re: Tax Consequences of Un-Jointing a Joint Account

Are the owners related and who furnished the original consideration? Gill Yes, husband and wife. Husband (me) established the account years ago. We're exploring the idea of keeping our finances separate and this one account is the only issue. It would have to be divided in half with each half havin...
by stan1
Mon Dec 11, 2017 8:59 am
Forum: Investing - Theory, News & General
Topic: After a 2- or 3-fund solution, the rest is withdrawals and world events
Replies: 17
Views: 1781

Re: After a 2- or 3-fund solution, the rest is withdrawals and world events

Right now no obvious better course of action is known. In the future a different course of action may be available, or with the benefit of hindsight you might wish you'd immigrated to another country or invested differently. Stay the course but be open to new ideas if they arise.
by stan1
Mon Dec 11, 2017 8:38 am
Forum: Investing - Help with Personal Investments
Topic: What to do when emergency fund runs out? (IPS)
Replies: 8
Views: 1086

Re: What to do when emergency fund runs out? (IPS)

I can't speak to Europe but in the U.S. I sell something in my taxable account. I've done this to buy a new house, pay off the mortgage, and buy a new car.
by stan1
Sun Dec 10, 2017 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford? (First Home)
Replies: 27
Views: 2288

Re: How much house can I afford? (First Home)

If your wife is in medical school asking her to commute over 1 hour each way for years is not a good idea. Professional school loans are painful, but that commute would be even worse. What does she think of this idea? How would you feel if you had a greater than one hour commute each way every day?
by stan1
Sun Dec 10, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to get rid of lot of land?
Replies: 37
Views: 6458

Re: Best way to get rid of lot of land?

Give it to a neighbor (no cost). This is an expense and nuisance for you not an investment.

Have the adjacent lots been built on or are they also vacant?
by stan1
Sun Dec 10, 2017 12:54 pm
Forum: Personal Consumer Issues
Topic: I am buying a car: Most/Least Reliable Makes?
Replies: 70
Views: 4147

Re: I am buying a car: Most/Least Reliable Makes?

Past performance is no guarantee of future results. Applies to investment performance and car reliability. Todays cars have a lot of electronics and plastic parts that weren't there 10 years ago. No comparison. If you are buying something near the end of its current generation production run looking...
by stan1
Sun Dec 10, 2017 12:45 pm
Forum: Investing - Theory, News & General
Topic: What mix of intermediate and short term bonds?
Replies: 45
Views: 2534

Re: What mix of intermediate and short term bonds?

I manage a portfolio for a relative that is 1/3 Total Bond Market, 1/3 Short Term Investment Grade (corporate), and 1/3 Inflation Protected Securities fund. I don't know whether it is optimal or more complex than necessary but I believe it to be a balanced strategy. This individual will most likely ...
by stan1
Sun Dec 10, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 70
Views: 5484

Re: Can we afford to live on one income?

Selection bias is showing. Only on Bogleheads would someone say a $2292/month mortgage on a $127K income is "tight". OP is spending a lot and saving a lot. They have a lot of choices to make but they have the flexibility to be a SAHM if that's the decision. Eating out less, lower cost gifts, review ...
by stan1
Sun Dec 10, 2017 11:51 am
Forum: Investing - Theory, News & General
Topic: How should I look at SS and pensions when developing my post-FRA AA?
Replies: 30
Views: 984

Re: How should I look at SS and pensions when developing my post-FRA AA?

I consider SS and pensions to be income. I invest my portfolio to cover the gap between my retirement income and my expenses. If SS and pension cover all my expenses I'm investing for my heirs. Maximizing paper net worth is not the objective.
by stan1
Sun Dec 10, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 70
Views: 5484

Re: Can we afford to live on one income?

Yes you can do it. It looks like there are some areas to reduce expenses if you are willing to do so. How much would you be paying for child care? I don't see that mentioned anywhere in the post and that's a major part of the financial decision. What are your prospects for pay raises over the next f...
by stan1
Sun Dec 10, 2017 10:12 am
Forum: Personal Consumer Issues
Topic: Hit a deer and may be car shopping
Replies: 8
Views: 753

Re: Hit a deer and may be car shopping

Glad you are safe. You've contacted your insurer, correct? That may seem obvious but people regularly post here that they have not contacted their insurer after an accident. Your insurer will bring in a claims adjustor who probably will look at the car in person but may just look at photos. Usually ...
by stan1
Sat Dec 09, 2017 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down loans or invest
Replies: 14
Views: 1115

Re: Pay down loans or invest

Extreme loan pay down. Knock it out in 2-3 years. Live in a barn if you must.
by stan1
Sat Dec 09, 2017 12:41 pm
Forum: Personal Consumer Issues
Topic: Home Security Camera: Post a Warning Sign or Not?
Replies: 20
Views: 2469

Re: Home Security Camera: Post a Warning Sign or Not?

We lived in a upper middle class suburb for a number of years that was popular in part because it had short commutes (good freeway access). There was always a lot of home and car break-ins. The police told the community that our proximity to the freeways made for quick getaways. One of my neighbors ...
by stan1
Sat Dec 09, 2017 10:44 am
Forum: Investing - Theory, News & General
Topic: Thrift Savings Plan to Change I Fund Index
Replies: 7
Views: 1042

Re: Thrift Savings Plan to Change I Fund Index

TSP will be investing federal employee and military member retirement funds in companies domiciled in a country the US has economic sanctions against (that's a fact not a political statement). FRTIB has done a great job for over 30 years keeping TSP away from politics and lobbyists but I'm afraid t...
by stan1
Sat Dec 09, 2017 10:39 am
Forum: Personal Consumer Issues
Topic: What MPG App Do You Use To Track Fuel Usage ?
Replies: 61
Views: 2356

Re: What MPG App Do You Use To Track Fuel Usage ?

I've used Fuelly in the past. Right now I don't track fuel economy.
by stan1
Sat Dec 09, 2017 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 5822

Re: Does this happen to you? Educating friends about personal finance

I do not try to change my friends opinions on politics, religion, or money.
by stan1
Fri Dec 08, 2017 8:47 am
Forum: Personal Consumer Issues
Topic: Lowering My Grocery Bill
Replies: 110
Views: 7054

Re: Lowering My Grocery Bill

Another option not really mentioned yet is to look at Asian and Hispanic grocery stores as there will be hundreds of those in the LA metro area. Since you have an Aldi they may not be cheaper but may give you some variety and more opportunities to shop sales. Often times they have good pricing on me...
by stan1
Thu Dec 07, 2017 7:46 pm
Forum: Personal Consumer Issues
Topic: Week in San Diego over Christmas
Replies: 17
Views: 1098

Re: Week in San Diego over Christmas

We always choose the Safari Park (Escondido) over the Balboa Park zoo for a full day visit with kids. Safari Park is much larger geographically which handles visitors better in addition to giving the animals much more space. For kids a visit to the Safari Park combines some outdoor walking and adven...
by stan1
Thu Dec 07, 2017 9:56 am
Forum: Personal Consumer Issues
Topic: I received a speeding ticket via mail from IA - should I pay it?
Replies: 72
Views: 4901

Re: I received a speeding ticket via mail from IA - should I pay it?

I guess it is a risk assessment. What percentage of your net worth is $100? At what hourly rate do you value your time? Do you feel the need to make a stand based on principle? What might this cost if you don't pay and then there are subsequently penalties, in person DMV visits, or attorneys? I'd pa...
by stan1
Thu Dec 07, 2017 9:17 am
Forum: Investing - Theory, News & General
Topic: Thrift Savings Plan to Change I Fund Index
Replies: 7
Views: 1042

Re: Thrift Savings Plan to Change I Fund Index

Good news for diversified investors, hopefully it will take Congress and lobbyists a long time to figure out TSP will be investing in companies based in China, Russia, UAE, Qatar, Egypt, Turkey, and Pakistan plus whatever counties over time that get added to the index. TSP will be investing federal ...
by stan1
Thu Dec 07, 2017 8:18 am
Forum: Personal Finance (Not Investing)
Topic: House on the market less than a day. Did listing agent commit fraud?
Replies: 56
Views: 6931

Re: House on the market less than a day. Did listing agent commit fraud?

I can understand the frustration but it's not fraud if someone beat you at the game. Did you know the house was coming on the market? Did you contact the listing realtor before the house came on the market? Did you immediately jump in and say we'll offer 10% over asking, all cash, with no contingenc...
by stan1
Sat Dec 02, 2017 8:33 pm
Forum: Personal Consumer Issues
Topic: How to convince DW that high miles used car is OK
Replies: 106
Views: 6651

Re: How to convince DW that high miles used car is OK

dm200 wrote:
Sat Dec 02, 2017 5:01 pm
Any suggestions?
150K mile car for you
50K mile car for her
by stan1
Sat Dec 02, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Mint.com or PersonalCapital.com
Replies: 11
Views: 1015

Re: Mint.com or PersonalCapital.com

There's also SigFIg available at no cost. It lets you manually enter and save a portfolio rather than giving them your Vanguard password. Vanguard's policy on fraud if you've provided your password to an aggregation service is unclear. It's a risk I'd rather not take.
by stan1
Sat Dec 02, 2017 1:08 pm
Forum: Personal Consumer Issues
Topic: Considering Real Estate License
Replies: 7
Views: 518

Re: Considering Real Estate License

You do not need to be licensed to educate yourself, and as already mentioned if you are licensed you'd be subject to whatever state regulations and other rules might apply (including disclosure). If you want to take the classes to gain more knowledge that's really a function of how you learn. Person...
by stan1
Sat Dec 02, 2017 10:45 am
Forum: Personal Consumer Issues
Topic: Hard time deciding how much to spend on rent
Replies: 24
Views: 1408

Re: Hard time deciding how much to spend on rent

Four hours a day of commuting is crazy. Your quality of life and your time have non-zero value.
by stan1
Sat Dec 02, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Lost my job; use part of emergency fund to pay down HELOC?
Replies: 20
Views: 1798

Re: Lost my job; use part of emergency fund to pay down HELOC?

Agree with most. Looks like you have a pretty good cushion for the time being. I'd keep my options open and maintain liquidity, especially if you are thinking about your own business. Sorry to hear about the job loss. Work your network: bosses, co-workers, associates, friends. That's the best way to...
by stan1
Sat Dec 02, 2017 9:10 am
Forum: Investing - Help with Personal Investments
Topic: Should I include cash set aside for home purchase when computing asset allocation
Replies: 20
Views: 767

Re: Should I include cash set aside for home purchase when computing asset allocation

I would not include money I planned to spend within a year as part of my asset allocation. You could choose to include it and rebalance. There is no right or wrong answer. Go enjoy some time with your spouse and family instead of thinking about this!
by stan1
Sat Dec 02, 2017 9:01 am
Forum: Personal Consumer Issues
Topic: How to track purchase/warranty information?
Replies: 9
Views: 566

Re: How to track purchase/warranty information?

Home cost basis: we scan receipts into a folder in Dropbox plus throw receipts into an unorganized file folder. We don't add anything up unless we need it. I don't expect over $500K gains in our current home but we have receipts just in case. Major appliances (fridge, oven, cooktop, garage door open...
by stan1
Fri Dec 01, 2017 9:31 am
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 10366

Re: Price of haircut?

$8 + $5 tip every two weeks, plus $50 "bonus" at Christmas. Been using same barber for almost 20 years.
by stan1
Fri Dec 01, 2017 8:54 am
Forum: Personal Consumer Issues
Topic: Are plasma TV's gone forever?
Replies: 36
Views: 4526

Re: Are plasma TV's gone forever?

The LG OLED 2017 models have dropped a lot in price. Now around $2200-2400 for the 65" model which is about $1500 less than when the same model was introduced last Spring. If you want to replace it that's what I'd get. I have the 55" model. It is the best TV we've ever owned.
by stan1
Fri Dec 01, 2017 8:31 am
Forum: Personal Consumer Issues
Topic: housing for in-laws
Replies: 48
Views: 3505

Re: housing for in-laws

This sounds like a serious concern and I think you should do something that keeps everyone happy including you. A sound insulated room for you in the basement sounds like the cheapest and fastest answer especially if you could put a bathroom downstairs. Maybe with a space for your daughter to play g...
by stan1
Fri Dec 01, 2017 8:14 am
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 6090

Re: Invest or pay off mortgage?

If you have $800K in retirement account but don't have a taxable investing account you could find yourself wealthy on paper but not having the liquidity to spend money when you want or need to. I'd make two extra mortgage payments each year and invest the rest in a taxable investing account. Taxable...
by stan1
Wed Nov 29, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: selling stock to an individual
Replies: 6
Views: 616

Re: selling stock to an individual

What are you trying to achieve with this transaction? Publicly traded stocks are liquid and have no functional use like a car, antique furniture, or a family heirloom like jewelry. You can make this much simpler. I'd recommend: 1) GIve the family member a gift of cash. You can sell some stock or giv...
by stan1
Mon Nov 27, 2017 10:05 pm
Forum: Personal Consumer Issues
Topic: Insulated shopping bags
Replies: 14
Views: 785

Re: Insulated shopping bags

How long is the drive from the store to your home?
We don't use ice or any special insulated bags.
Our home is about a 12 minute drive from the grocery store.
by stan1
Mon Nov 27, 2017 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: I'm worried the Vangaurd Target Retirement 2035 (VTTHX) might be too conservative
Replies: 27
Views: 1804

Re: I'm worried the Vangaurd Target Retirement 2035 (VTTHX) might be too conservative

You can pick the Target Retirement fund that comes close to matching your desired asset allocation. No laws are broken if you invest in TR 2035 but plan to retire in 2050 or if you invest in TR 2050 but plan to retire in 2040.
by stan1
Mon Nov 27, 2017 8:38 am
Forum: Personal Consumer Issues
Topic: Safest roomy luxury suv?
Replies: 58
Views: 5096

Re: Safest roomy luxury suv?

Safest is an absolute term I'd stay away from and any evaluation is going to be subjective. Here's a couple points to keep in mind that are subjective: 1) Blind spots due to design/styling of vehicle. The primary drivers need to take a test drive with the seats and mirrors adjusted to a comfortable ...
by stan1
Sun Nov 26, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17434

Re: The fallacy of spending money on "experiences" vs hard assets

I don't like X. Anyone who spends money on X is making a mistake. I like X. Anyone who doesn't spend money on X is really missing out. Replace X with: cars steak meals out gatherings with friends organic fresh vegetables and fruits alcohol purchased music purchased news American Girl dolls, video ga...
by stan1
Tue Nov 21, 2017 4:41 pm
Forum: Personal Consumer Issues
Topic: Paying cash for medical care - best practice?
Replies: 27
Views: 1854

Re: Paying cash for medical care - best practice?

It is possible you'll switch doctors and like the new ones better.
by stan1
Tue Nov 21, 2017 2:20 pm
Forum: Personal Consumer Issues
Topic: Anyone "re-door" their kitchen cabinets?
Replies: 13
Views: 1557

Re: Anyone "re-door" their kitchen cabinets?

Do the cabinets have a lot of doors that you want to convert to drawers? If so by the time you pay for that, new faces, and painting the carcass you'll be pretty close to the cost of new cabinets in a Kraftmaid line. Are you keeping the existing countertops and backsplash? Installing new cabinets do...
by stan1
Tue Nov 21, 2017 1:25 pm
Forum: Personal Consumer Issues
Topic: Paying cash for medical care - best practice?
Replies: 27
Views: 1854

Re: Paying cash for medical care - best practice?

I would transfer to the new doctors. Then decide next year whether you want to stay or go back. Even if you have a high deductible you want to be getting billed at the insurer's negotiated rate and will be hard to negotiate a cash rate ahead of when you need service. I don't think you'll come close ...