Search found 177 matches

by lomarica01
Thu Aug 06, 2020 11:49 am
Forum: Personal Consumer Issues
Topic: trex or redwood for large deck replacement
Replies: 19
Views: 1735

Re: trex or redwood for large deck replacement

thanks for all the responses I should have used a more generic term such as composite instead of Trex. If we go with a composite the next question would be which brand.

I will be doing more research it is a big decision for us
by lomarica01
Thu Aug 06, 2020 11:44 am
Forum: Personal Investments
Topic: Advice on purchase of rental property
Replies: 11
Views: 570

Re: Advice on purchase of rental property

It sounds like you do not have any prior landlord experience and this being an "unexpected opportunity" implies you were not planning on becoming a landlord say just a few months ago. If that is indeed the case I would not do it. In addition involving your son on an assumption will only complicate m...
by lomarica01
Wed Aug 05, 2020 11:43 am
Forum: Personal Consumer Issues
Topic: trex or redwood for large deck replacement
Replies: 19
Views: 1735

trex or redwood for large deck replacement

need to replace a large deck the biggest decision is whether to use trex or another type of non wood material or traditional redwood. we plan to sell in 10 years and I want the deck to be in good shape so that it will not need to be replaced again. The obvious advantage with trex is does not need to...
by lomarica01
Tue Aug 04, 2020 11:45 am
Forum: Personal Consumer Issues
Topic: Paying cash for a new car... should I let them run my credit?
Replies: 114
Views: 9257

Re: Paying cash for a new car... should I let them run my credit?

No. my last three cars were all by personal check carmax confirms you have the amount by looking at your bank statement online. the other two times were a pain. I told them I would pay by check before hand and they said ok, then at the dealer they asked to run a credit check but since ours is frozen...
by lomarica01
Tue Aug 04, 2020 10:39 am
Forum: Personal Finance (Not Investing)
Topic: when to pay estimated tax on roth conversion with Donor Advisor Fund
Replies: 7
Views: 347

when to pay estimated tax on roth conversion with Donor Advisor Fund

I am doing a couple roth conversions this year and it is my understanding I need to pay estimated taxes during the quarter the conversion occurred. First question is that correct? I also plan to contribute to a Donor Advisor Fund during the same quarter. This will offset the increase in taxable inco...
by lomarica01
Sun Jun 28, 2020 11:55 am
Forum: Personal Investments
Topic: Am I Headed for a Retirement Tax Bomb?
Replies: 66
Views: 9464

Re: Am I Headed for a Retirement Tax Bomb?

great post here is what I did work out your future income and distributions and you will be able to estimate your future taxes. It is really not that hard and just use reasonable assumptions for your future rate of return and tax rates. I did this in excel and every year add a bit more detail to it....
by lomarica01
Sat Jun 13, 2020 12:01 pm
Forum: Personal Consumer Issues
Topic: how much to tip painters
Replies: 66
Views: 4370

Re: how much to tip painters

Op here thanks for all the input. I am somewhat surprised at so many of the No Tip at all comments but to give them water or Gatorade instead. Of course they already have a big cooler of drinks and snacks with them every day. I did buy them lunch and the owner said the workers got two lunches out of...
by lomarica01
Wed Jun 10, 2020 10:59 am
Forum: Personal Consumer Issues
Topic: how much to tip painters
Replies: 66
Views: 4370

how much to tip painters

getting two buildings painted on the outside. the owner has 3 workers in their 20's. They all seem to be doing a very good job and have a good attitude, half way into a 6 day project. I bought them all lunch once already and the owner mentioned they were able to get two lunches out of it. so any ide...
by lomarica01
Mon Jun 01, 2020 1:21 pm
Forum: Personal Consumer Issues
Topic: Rural Internet Options
Replies: 25
Views: 1750

Re: Rural Internet Options

we went with ATT Direct Wireless that has to be a tower within so many miles but I think you can just type your address in on the ATT website to see if might work
good luck
by lomarica01
Mon May 11, 2020 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: how much to charge for two large dogs at rental
Replies: 41
Views: 2618

how much to charge for two large dogs at rental

a prospective new tenant for our single family residential house with a large yard has two large dogs. We do not really have a problem with tenants having pets, and have had pets in the past with no real problems. If we do allow the two larger dogs I think it is appropriate to ask for a bit more ren...
by lomarica01
Sat Apr 25, 2020 12:32 pm
Forum: Investing - Theory, News & General
Topic: fidelity web site returns misleading buyer beware
Replies: 6
Views: 1101

Re: fidelity web site returns misleading buyer beware

yah but it is updated in the other tab on their web site
there seems to be a discrepancy between the Summary tab and the Performance and Risk tab
by lomarica01
Sat Apr 25, 2020 12:24 pm
Forum: Investing - Theory, News & General
Topic: fidelity web site returns misleading buyer beware
Replies: 6
Views: 1101

fidelity web site returns misleading buyer beware

So the current Fidelity web site shows the municipal money market FTEXX 7 day yield of 3.37% and tax equivalent of 0.37%. After some thought I realized shouldn't the tax equivalent yield be higher? After a phone call to Fidelity to figure out what was happening it was pointed out the dates are diffe...
by lomarica01
Wed Apr 01, 2020 12:23 pm
Forum: Personal Investments
Topic: vanguard CA tax exempt mm vmsxx yielding 3.2%
Replies: 8
Views: 626

Re: vanguard CA tax exempt mm vmsxx yielding 3.2%

vmfxx federal mm and
vmmxx

both are in after tax accounts
by lomarica01
Wed Apr 01, 2020 12:04 pm
Forum: Personal Investments
Topic: vanguard CA tax exempt mm vmsxx yielding 3.2%
Replies: 8
Views: 626

vanguard CA tax exempt mm vmsxx yielding 3.2%

Thinking of moving some cash from one mm into the this one it is a tax free municipal money market. It seems to good to be true am I missing anything before I purchase. I realize the current rate might not last

thanks
by lomarica01
Sun Mar 29, 2020 11:35 am
Forum: Personal Investments
Topic: will I pay a 10% penalty for in plan 401k roth conversion age less than 59.5
Replies: 4
Views: 365

will I pay a 10% penalty for in plan 401k roth conversion age less than 59.5

I want to do a roth conversion which is allowed within the CA state employee savings plus program and just want to make sure I will not have to pay a 10% since I am under 59.5 years of age. So I believe this is not a distribution since it is a conversion and is staying within the spp. I have already...
by lomarica01
Sat Mar 21, 2020 3:50 pm
Forum: Personal Investments
Topic: fidelity advisory has my 80yo mother 100% muni bonds is this negligence
Replies: 8
Views: 1011

Re: fidelity advisory has my 80yo mother 100% muni bonds is this negligence

thanks for the responses just to clarify the decision to end the management was last christmas but as stated we just acted upon it now. So Fidelity was managing it until yesterday. also DSIvestor you are correct when comparing to other tax exempt munis and she does live in a high tax state but my is...
by lomarica01
Sat Mar 21, 2020 1:17 pm
Forum: Personal Investments
Topic: What does having a Fidelity adviser entail? Should I be concerned about parents & in-laws.
Replies: 14
Views: 748

Re: What does having a Fidelity adviser entail? Should I be concerned about parents & in-laws.

my mother finally just fired my fidelity adviser from one account and the second firing will be in a month or two (I hope) most of the funds were high expense and low performing per morningstar over the 3 , 5 and 10 year periods. good luck in giving advice it is a fine line what I did was just my mo...
by lomarica01
Sat Mar 21, 2020 1:05 pm
Forum: Personal Investments
Topic: fidelity advisory has my 80yo mother 100% muni bonds is this negligence
Replies: 8
Views: 1011

Re: fidelity advisory has my 80yo mother 100% muni bonds is this negligence

yes but fidelity was not privy to my mother's other accounts the fidelity account was the conservative one

but lesson learned it ok

thanks
by lomarica01
Sat Mar 21, 2020 12:14 pm
Forum: Personal Investments
Topic: fidelity advisory has my 80yo mother 100% muni bonds is this negligence
Replies: 8
Views: 1011

fidelity advisory has my 80yo mother 100% muni bonds is this negligence

Here is a bit more detail, my 80 year old mother has a fidelity portfolio adviser for her after tax trust account. It has been the most Conservative allocation fidelity allows, which is 20% stock 80% bonds. On my advice and her own free will we just ended the fidelity management of the account due t...
by lomarica01
Sat Mar 14, 2020 1:03 pm
Forum: Personal Consumer Issues
Topic: Should I purchase a projector or big screen TV?
Replies: 13
Views: 704

Re: Should I purchase a projector or big screen TV?

projector for sure got the new epson 4k for about $3000 and wow it has a great big picture remember you still get black bars on top and bottom for most movies (unless you go real high end) another reason for a projector also it is really cool having a motorized screen adds to the "theater" effect ha...
by lomarica01
Mon Mar 02, 2020 12:59 pm
Forum: Investing - Theory, News & General
Topic: why is vangard primecap value and equity income doing worse than em?
Replies: 3
Views: 339

why is vangard primecap value and equity income doing worse than em?

Looking at the one month returns and was surprised than the vanguard primecap was down 10.7% equity income down 11% and value index down 11.4% while the vanguard emerging market index is only down 6.9%. I was expecting the opposite to happen, since I always believed em was more risky Can some one ex...
by lomarica01
Sun Feb 23, 2020 12:36 pm
Forum: Investing - Theory, News & General
Topic: CalPERS Savings PLUS changes on hold
Replies: 30
Views: 434

Re: My 401k /457b (California Savings Plus) Removing Most Index Funds

another retired state of CA worker here. I also will move a substantial portion to schwab and have spent many hours last week optimizing the best funds for each plan (including he wifes) so while it is a pain to plan all this out and make the changes then make sure the changes actually happened the ...
by lomarica01
Mon Feb 17, 2020 7:31 pm
Forum: Investing - Theory, News & General
Topic: want return for 3 5 and ten year index funds ending in 2019
Replies: 2
Views: 193

want return for 3 5 and ten year index funds ending in 2019

I am trying to find returns for the 3 5 and 10 year periods as of Dec 31 2019. Every web site i have looked at for returns goes to the current time YTD.
I did see something in moneychimp that seemed to work for the sp500 but what about small mid and international indexes?

thanks for any tips
by lomarica01
Fri Feb 14, 2020 12:15 pm
Forum: Personal Investments
Topic: any big issue with going 30-50% low volatility funds?
Replies: 9
Views: 863

any big issue with going 30-50% low volatility funds?

I have to do a major shuffle in my State of California 401k/457 program due to changes the program is making. There is an option to invest in a schwab account that is still all within the 401k/457 program. I already do this but plan on moving much more into schwab and investing it in low volatility ...
by lomarica01
Sat Feb 08, 2020 1:13 pm
Forum: Investing - Theory, News & General
Topic: State of CA ending all but one index fund in Saving Plus Program
Replies: 8
Views: 1181

State of CA ending all but one index fund in Saving Plus Program

Big changes are coming to State of California employees who have money in their 457 or 401k plans via the Savings Plus Program. As can be seen in the link below they are ending all but one of the index funds. Previously you had five index funds to choose from and now just one, the large cap index fu...
by lomarica01
Sat Jan 18, 2020 1:06 pm
Forum: Investing - Theory, News & General
Topic: Who is not "Most Investors"?
Replies: 36
Views: 2912

Re: Who is not "Most Investors"?

for me it is if you have a pension or not. I think a lot of investment advice is geared (or it is just assumed) there is no pension involved. If you have a pension would ones asset allocation and risk tolerance be different? maybe maybe not but at least the issue is discussed knowing there is a pens...
by lomarica01
Sat Jan 18, 2020 12:45 pm
Forum: Personal Consumer Issues
Topic: Some possible luxury SUV choices to buy: Opinions?
Replies: 210
Views: 17207

Re: Some possible luxury SUV choices to buy: Opinions?

did not read all the posts but after looking and driving several of the vehicles you listed we also skipped the lexus due to the front end. however we decided we should at least look at the inside and then drive it. You can see where this is going we purchased the 2020 rx350. The inside is absolutel...
by lomarica01
Wed Jan 15, 2020 1:05 pm
Forum: Personal Consumer Issues
Topic: what to do with old engineering text books
Replies: 72
Views: 5599

Re: what to do with old engineering text books

OP here my library said they will take them so that is good. even if they sell them for $0.25 each or toss them as least I provided an opportunity for additional use. Funny I almost kept a couple of my "favorirte" books but if I have not looked at them in 30 years I never will. The one favorite was ...
by lomarica01
Tue Jan 14, 2020 1:47 pm
Forum: Personal Consumer Issues
Topic: what to do with old engineering text books
Replies: 72
Views: 5599

what to do with old engineering text books

I have many old text books from the mid 80's when I graduated college. They include physics,calculus, and upper division engineering. I have decided to get rid of them since I am now retired almost three years but don't want to just throw them away. the local junior college library does not want the...
by lomarica01
Wed Dec 18, 2019 1:36 pm
Forum: Investing - Theory, News & General
Topic: morningstar return discrepancy
Replies: 2
Views: 188

morningstar return discrepancy

I notice if I go to the small cap value 3 yr return from the style box on the main page the return is 0.96. but when I click on the 3yr small cap value style box the return listed at the bottom is -0.09. Then to make matters more confusing the small cap value index admiral VSIAX has a 3 yr performan...
by lomarica01
Fri Dec 13, 2019 8:45 pm
Forum: Personal Investments
Topic: TDA thinks my address is international. what can I do?
Replies: 13
Views: 1036

Re: TDA thinks my address is international. what can I do?

can't resist as someone who grew up on the island is that why your name is inlalaland ?
by lomarica01
Fri Dec 06, 2019 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: how much to tip the cleaning lady
Replies: 76
Views: 5393

Re: how much to tip the cleaning lady

op here
great discussion and I think there is a consensus of tipping the cost of one session. And this is regardless of whether it is monthly, bimonthly, once a week, fortnightly (my favorite comment) etc...

so I will tip one session and with a small personal gift

thanks for the input
by lomarica01
Wed Dec 04, 2019 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: how much to tip the cleaning lady
Replies: 76
Views: 5393

how much to tip the cleaning lady

I want to leave a Christmas tip for our bi monthly lady who cleans our house but am not sure what is appropriate. we pay by the hour and for the month it is about $120-140. She has been coming for about six months and the work is good but not fantastic.

any suggestions appreciated.
by lomarica01
Fri Nov 29, 2019 1:52 pm
Forum: Personal Investments
Topic: do roth conversion even when rpm says no?
Replies: 7
Views: 678

do roth conversion even when rpm says no?

The retirement portfolio model shows that I will have less money if I do some roth conversions. But I am thinking of doing some (started last year) more anyway for the following reasons. 1. more tax flexibility for making future withdraws 2. if a spouse dies taxes paid now are at joint vrs single ra...
by lomarica01
Mon Nov 25, 2019 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Need for financial planner??
Replies: 15
Views: 1173

Re: Need for financial planner??

we did a one time fee only fp review a five years before retirement which was worth it. they should also look at estate planning issues etc... for a more holistic review not just what investments you have
by lomarica01
Mon Nov 25, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: To much tax deffered investments?????? Put more into Mortage????
Replies: 18
Views: 2290

Re: To much tax deffered investments?????? Put more into Mortage????

I would suggest a balanced approach, get a 15 year mortgage that you can pay off early but also invest in the various retirement accounts. there is no need to make this an all or nothing decision
hope this helps
by lomarica01
Tue Nov 12, 2019 7:37 pm
Forum: Personal Consumer Issues
Topic: acura rdx or mercedes glc300 small luxury suv
Replies: 16
Views: 1378

acura rdx or mercedes glc300 small luxury suv

we have our next car purchase down to the above choices, any recommendations and comments are appreciated.

will be paying cash, can afford either one I know there are many other vehicles out there but please limit the comments to just the acura and mercedes

thanks for any advice
by lomarica01
Sat Oct 26, 2019 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 353
Views: 30050

Re: Do you plan to actually spend down your portfolio?

yes but even with two pensions will not be spending down all of it maybe spend down 75% of it and that would include charity and gifting to son

yes I spend more when the market is up but am taking a monthly withdraws from the 457/401k every month per for the next 20 years or so
by lomarica01
Thu Oct 10, 2019 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Making money with oversized rooftop solar system?
Replies: 22
Views: 2951

Re: Making money with oversized rooftop solar system?

In CA with pge if you have a negative bill (produced more electricity than you used) at the end of your one year true up, the credit goes to zero. Be sure this will not happen where you are at. Also they can change the rules on you.

I would not over do it with the goal of making money.
by lomarica01
Mon Sep 30, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: need advice negotiating with car maker for problems with new car
Replies: 30
Views: 1744

Re: need advice negotiating with car maker for problems with new car

The lemon law does not apply because the issue is the driver's seat trim is all out of whack. In California the lemon law states it must be a serious defect that can cause injury or death, there is more including the number of times the issue needs to be fixed . I am still on my first repair attempt.
by lomarica01
Mon Sep 30, 2019 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: need advice negotiating with car maker for problems with new car
Replies: 30
Views: 1744

Re: need advice negotiating with car maker for problems with new car

Thanks for the responses. The lemon law does not apply for my case . Also the wife has decided she does not want the existing or a new car of the same model. So any advice on how to negotiate for more cash? Then we will sell at a loss and replace with a different vehicle. Lesson learned on the 2019 ...
by lomarica01
Mon Sep 30, 2019 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: need advice negotiating with car maker for problems with new car
Replies: 30
Views: 1744

need advice negotiating with car maker for problems with new car

Hi all, We purchased a new car several months ago and have had many problems. The problems are being repaired under warranty with the exception of one item that is after three months still waiting for a part. The car company (USA national office not the dealer) has offered the following choices - a ...
by lomarica01
Wed Sep 25, 2019 11:27 am
Forum: Personal Consumer Issues
Topic: Stump Grinder - Ridiculous Side Hustle??
Replies: 51
Views: 8021

Re: Stump Grinder - Ridiculous Side Hustle??

you might be competing against do it yourselfers. I needed to get 3 stumps grinded out, rented the equipment for a day got the work all done no problem and it was cheap.

Also is you do this work consider the risk of injury, is it worth it

good luck
by lomarica01
Fri Sep 06, 2019 10:46 am
Forum: Personal Investments
Topic: 401K in-plan roth conversion mistake
Replies: 14
Views: 1462

Re: 401K in-plan roth conversion mistake

I have done two of these via state of california and the request has to be in writing using their standard form

while it is a bit of a hassle I now see an advantage doing it in writing and actually mailing the form

best of luck
by lomarica01
Tue Aug 13, 2019 11:08 am
Forum: Personal Investments
Topic: Any reason not to max out three plans?
Replies: 46
Views: 3282

Re: Any reason not to max out three plans?

Yes, because a more balanced approach might work out better in the long run. As others have posted, your future tax implications are huge. If you project out your future account values at retirement age and when you need to take rmd's they will most likely be much higher than you ever dreamed. then ...
by lomarica01
Thu Aug 08, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Largest spending category - is this an outrageous amount?
Replies: 56
Views: 4204

Re: Largest spending category - is this an outrageous amount?

I hope I am not making a duplicate post. I would add taxes to this list as that is my number one expense, federal state property etc... . Also add any investing as a category such as 401k, roth, savings, college fund. Wish I had your insurance costs, seems a bit low but I know depends on value of ho...
by lomarica01
Sun Aug 04, 2019 11:14 am
Forum: Personal Consumer Issues
Topic: Australia Trip - 2021
Replies: 25
Views: 1986

Re: Australia Trip - 2021

went to sydney last dec, and stayed downtown. just realize it is a crowded noisy big city. If I had to do it again I would have stayed outside the city and then taken the ferries in for the day. the ferry system is great have fun, book your stays early and enjoy the strong dollar and yes tipping rea...
by lomarica01
Fri Jul 26, 2019 11:05 am
Forum: Investing - Theory, News & General
Topic: morning star new upside downside volatility measures looks interesting
Replies: 0
Views: 273

morning star new upside downside volatility measures looks interesting

Just noticing the way morning star is presenting volatility for funds. After you enter a fund name under the Risk tab it has an Upside and Downside "score". So the sp500 is a 100 for both upside and downside ie it is the market. For a low volatility fund it would be have less upside (less than 100 a...
by lomarica01
Thu Jul 25, 2019 11:13 am
Forum: Personal Investments
Topic: A little discouraged with earnings, is it really this slow?
Replies: 96
Views: 16451

Re: A little discouraged with earnings, is it really this slow?

did not read all the posts but you are doing better than great. here is a suggestion, calculate out your expected account balances until the year 2045, don't forget to included increased contributions amounts as you get pay raises over the years. You will most likely find the total balances will be ...
by lomarica01
Tue Jul 09, 2019 10:54 am
Forum: Personal Consumer Issues
Topic: my best new travel tip only $2 per day more [airport parking]
Replies: 59
Views: 7144

my best new travel tip only $2 per day more [airport parking]

I hate the economy long term parking at our big city airport, it is on gravel and you need a shuttle to get to the terminal. It can take easily half an hour or more to get to the terminal after parking. Once three shuttles passed us as they were all full, but eventually we made it. People were walki...