Search found 141 matches

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: 1138

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: 104
Views: 9729

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: 2706

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: 1617

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: 1617

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: 1617

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: 7471

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: 1315

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: 3175

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: 3858

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: 1841

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: 193

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: 66
Views: 9862

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: 6687

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...
by lomarica01
Thu Jul 04, 2019 12:56 pm
Forum: Personal Investments
Topic: ca muni tax free long or intermediate term?
Replies: 12
Views: 1819

Re: ca muni tax free long or intermediate term?

Cacophony
I see you used the current yield instead of say year to date or one year, just wondering why that is? wouldn't using a one or three year total return be more realistic comparison?
by lomarica01
Thu Jul 04, 2019 11:38 am
Forum: Personal Investments
Topic: ca muni tax free long or intermediate term?
Replies: 12
Views: 1819

ca muni tax free long or intermediate term?

Happy 4th of July everyone. Considering getting the vanguard ca muni bonds and wondering if the long term is worth the extra risk for the assumed higher return. Also I read that admiral shares are available but I did not find them on the Vanguard web site. tax rate is 24% +9.3% state, either fund wi...
by lomarica01
Wed Jul 03, 2019 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Help me estimate how much my pension is worth?
Replies: 15
Views: 3051

Re: Help me estimate how much my pension is worth?

As a retired state worker I would suggest looking at the various retirement payout charts available online. They provide an easy to read retirement amount based on number of years and age. So one can figure out how much more you get by staying one more year. I know your megacorp formula is different...
by lomarica01
Sat Jun 29, 2019 1:54 pm
Forum: Investing - Theory, News & General
Topic: Hitting Critical Mass and then dealing with those feelings of Surreal
Replies: 51
Views: 6878

Re: Hitting Critical Mass and then dealing with those feelings of Surreal

as others had said great problem to have. For me it has taken a while for it all to sink in after retiring at 54. We realized it makes sense to start making withdraws sooner rather than later as the RMD's would be much bigger than we would want and of course we would be much older and not really nee...
by lomarica01
Sun Jun 23, 2019 10:32 am
Forum: Personal Consumer Issues
Topic: what was your worst major purchase? mine is a 2019 mazda3
Replies: 182
Views: 17736

Re: what was your worst major purchase? mine is a 2019 mazda3

thanks for all the replies and this is why I love this forum, it has put my perspective back in place. yes I will get the car repaired under warranty and yes I agree in the big picture it is a minor issue and maybe I posted just to vent and I am lucky as some pointed out that this is my worst purcha...
by lomarica01
Fri Jun 21, 2019 11:28 am
Forum: Personal Consumer Issues
Topic: what was your worst major purchase? mine is a 2019 mazda3
Replies: 182
Views: 17736

what was your worst major purchase? mine is a 2019 mazda3

I normally do not like to dwell on the past but I am curious what are some of the worst major purchases you have made. Mine is our 2019 mazda 3 hatchback. it was delivered with a huge gap in the trim and after 600 miles there is a huge gap in the seat trim. I just can't believe the poor initial qual...
by lomarica01
Sun May 26, 2019 11:51 am
Forum: Personal Consumer Issues
Topic: Any audiophiles on this forum?
Replies: 58
Views: 4769

Re: Any audiophiles on this forum?

yes but rather than listing my current gear I am thinking of buying my "last setup" that will take me say 15 years to age 70. thinking of Legacy speakers and class D amps. any recommendations for the amps appreciated. One comment I have noted over the years, even expensive equipment is a great value...
by lomarica01
Sun May 26, 2019 11:28 am
Forum: Personal Consumer Issues
Topic: No more print Money magazine
Replies: 109
Views: 15656

Re: No more print Money magazine

while I am a subscriber I will not miss it. 50% of the articles do not apply to me ie how to save for college, tips for women in business etc... and I would usually be able to read it in about an hour. But the subscription was so cheap I figured it was still ok to get it.
by lomarica01
Fri May 24, 2019 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage almost paid off
Replies: 31
Views: 3593

Re: Mortgage almost paid off

WOW your monthly cash flow will being going thru the roof an extra $7000 per month if I understand correctly what are you going to do with it?

btw when I got ready for my last payment I just contacted the lender and they gave me the payoff amount no big deal

congrats
by lomarica01
Wed May 15, 2019 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: new renter rent to be paid by insurance company
Replies: 15
Views: 1678

Re: new renter rent to be paid by insurance company

thanks for the quick responses and I agree the tenant signs they lease

also in order to get a 1099 I need to do a W-9. I don't think any problems with that but should I have any concerns
we are just individuals not an LLC or anything like that
by lomarica01
Wed May 15, 2019 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: new renter rent to be paid by insurance company
Replies: 15
Views: 1678

new renter rent to be paid by insurance company

Our tenants are moving out and I have an offer from a temporary housing company who is finding a place for a couple who's house burned down. The temp housing company states the homeowners insurance company will pay the rent deposit etc... I checked online and the nationwide temp housing company is l...
by lomarica01
Fri May 03, 2019 11:21 am
Forum: Personal Consumer Issues
Topic: Whole House Fan; Brand? Considerations?
Replies: 53
Views: 9058

Re: Whole House Fan; Brand? Considerations?

I did not read all the posts but I suggest a way to turn off the fan from the master bedroom. often we have to get up very early to turn the fan off as it might be getting too cold in the house, or if we are sleeping in turning it off before it gets too warm outside

they are the best thing ever
by lomarica01
Thu Apr 25, 2019 6:27 pm
Forum: Personal Investments
Topic: Donor Advisor Fund how much and when to start?
Replies: 17
Views: 1109

Re: Donor Advisor Fund how much and when to start?

thanks to all for the comments, gives me a few more things to think about. Here is a little more info I would fund any DAF using cash, as I do not have appreciated assets other than 401k etc... also I will be in the 24% tax bracket so I like the idea of the DAF offsetting a roth conversion I also li...
by lomarica01
Wed Apr 24, 2019 11:44 am
Forum: Personal Investments
Topic: Donor Advisor Fund how much and when to start?
Replies: 17
Views: 1109

Donor Advisor Fund how much and when to start?

I have been reading up on the DAF and it seems like a great way to start my charity giving, but I am wondering how much to put in and when to create it (not when to make the actual grant). I envision making a contribution once every 3 years over say the next 10-15 years. This would allow me to itemi...
by lomarica01
Tue Apr 02, 2019 11:15 am
Forum: Personal Investments
Topic: Time to spend! Need advice!
Replies: 11
Views: 2087

Re: Time to spend! Need advice!

I am in a similar position but maybe not quite to the extent you seem to have. I recently started to make a monthly auto withdrawal from my 401k (less than 4%) even though this money has no current plans to be spent and will most likely start to accumulate in a money market or be reinvested. I figur...
by lomarica01
Tue Mar 26, 2019 12:13 pm
Forum: Investing - Theory, News & General
Topic: time to move from short term bonds to longer term?
Replies: 52
Views: 4510

time to move from short term bonds to longer term?

I know no one can predict which way interest rates will move, but since the Fed appears to have stopped/slowed down raising rates this year and maybe next year, is it time to move a percentage of money market and some short term bonds to intermediate or even longer term bonds in anticipation of gett...
by lomarica01
Thu Mar 07, 2019 1:14 pm
Forum: Personal Investments
Topic: DCA in for 30 years, do the same for withdrawals?
Replies: 5
Views: 647

Re: DCA in for 30 years, do the same for withdrawals?

thanks for the comments the reason for doing some roth conversions now even at 24+9.3% is to diversify future tax uncertainty, reduce future rmd's and reduce the higher tax rate if one of us dies over the next 20 years. I know it is hard to pay that tax now but we are doing a small percentage (under...
by lomarica01
Wed Mar 06, 2019 1:07 pm
Forum: Personal Investments
Topic: DCA in for 30 years, do the same for withdrawals?
Replies: 5
Views: 647

DCA in for 30 years, do the same for withdrawals?

We have dollar cost averaged into our 401k/457/403b accounts over the last 30 years and now we want to make withdrawals for the next 20 years. I think it makes sense to just dca every month a fixed amount out of the accounts. As of now there will still be significant money left in the accounts in 20...
by lomarica01
Tue Feb 19, 2019 12:34 pm
Forum: Investing - Theory, News & General
Topic: Do you look back and wish you were more aggressive?
Replies: 64
Views: 4842

Re: Do you look back and wish you were more aggressive?

short answer YES, given that we have two gov pensions and the market is now near a record high. however when I now look back at some of my old spreadsheets I realized I was not calculating my AA very accurately. For example I included a college fund in my totals, along with my emergency fund and oth...
by lomarica01
Sat Jan 19, 2019 12:39 pm
Forum: Personal Investments
Topic: vanguard prime mm vrs california muni mm
Replies: 1
Views: 221

vanguard prime mm vrs california muni mm

In different accounts I have both the vanguard prime money market vmmxx and the vanguard California municipal money market vctxx which is tax free. I just noticed the prime is paying 2.47% and the ca muni is paying 1.17% tax free, which gives me an after taxes equivalent of 1.8%. seems like a no bra...
by lomarica01
Tue Jan 15, 2019 1:33 pm
Forum: Personal Consumer Issues
Topic: buying and shipping art work internationally
Replies: 10
Views: 686

Re: buying and shipping art work internationally

I don't think my private message made it thru to DXG1987, and macaroon has experience in these matters also so hopefully either of you can respond. 1. yes the art works are originals with a declaration so I believe there is no duty but I could not find a matching item in the USITC Tariff Database fo...
by lomarica01
Mon Jan 14, 2019 1:57 pm
Forum: Personal Consumer Issues
Topic: buying and shipping art work internationally
Replies: 10
Views: 686

Re: buying and shipping art work internationally

DXG1987
I sent you a private email
thanks to all for the comments
by lomarica01
Sun Jan 13, 2019 1:59 pm
Forum: Personal Consumer Issues
Topic: buying and shipping art work internationally
Replies: 10
Views: 686

buying and shipping art work internationally

after visiting australia, I am in final negations with a dealer on a couple of pieces of aboriginal art. we visited the gallery took photos and now I am just wondering if I am missing anything regarding potential problems with mailing the items. For example are there concerns with customs or somethi...
by lomarica01
Sun Dec 09, 2018 12:13 pm
Forum: Investing - Theory, News & General
Topic: does the 4% withdrawal guideline include dividends?
Replies: 43
Views: 3309

does the 4% withdrawal guideline include dividends?

Have been working up some numbers for future distributions from my 401k and realized how significant dividends are. If one assumes the S&P500 will provide a return of say 2% dividends, this is equal to one half of the 4% guideline. So the net withdrawal rate then is only 2%. this is something Bob Br...
by lomarica01
Sat Nov 17, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: interesting call with my 80yr old mothers Fidelity advisor
Replies: 30
Views: 5221

interesting call with my 80yr old mothers Fidelity advisor

My mother has about one half of her IRA and trust investments managed for a fee by Fidelity. I was able to participate via phone conference with her advisor's latest quarterly review, the investmens include managed futures asfyx, qmnnx and aqmnx in her account. Although it was a very small percentag...
by lomarica01
Tue Oct 09, 2018 11:37 am
Forum: Personal Investments
Topic: Savings Plus Now Investment Confusion (401k and 457)
Replies: 13
Views: 1379

Re: Savings Plus Now Investment Confusion (401k and 457)

Long time saving plus program participant and now retired. I suggest putting money in every available option, 401k, 457, 401k roth and 457 roth. this will give you maximum flexibility when it is time to make withdraws which i am getting ready to do in a year or two. also keep in mind the program rul...
by lomarica01
Wed Oct 03, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone want to share their monthly budget? Here's ours
Replies: 153
Views: 32050

Re: Anyone want to share their monthly budget? Here's ours

as one other post stated working on your future retirement budget might be a real eye opener, especially if you need/want to increase your spending as you start making withdraws from 401k etc... also working in percents also makes an impression, in order of expenses by percents mine are taxes, medic...
by lomarica01
Tue Sep 11, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Hourly cost of air conditioning?
Replies: 23
Views: 2394

Re: Hourly cost of air conditioning?

OP when you say you run the AC for 6 hours does that mean the compressor is running for 6 hours, or the thermostat is set and the AC compressor will be turned on as needed over a 6 hour period. Most likely the latter so it seems like this makes a huge difference in how you are calculation the costs....
by lomarica01
Tue Sep 04, 2018 11:07 am
Forum: Investing - Theory, News & General
Topic: any free options to morningstar X-ray feature
Replies: 9
Views: 1784

any free options to morningstar X-ray feature

I have used morningstar for quite some time but the feature I really need is their X- ray, which gives you a total asset allocation for all of your combined accounts. Very handy to have. My renewal is up and just wondering if there is a similar X-ray feature out there which is free

thanks
by lomarica01
Fri Aug 10, 2018 12:05 pm
Forum: Investing - Theory, News & General
Topic: Retiree Portfolio Model question
Replies: 2
Views: 751

Retiree Portfolio Model question

I did a search and could not find what I am after so here is my post. I downloaded this fascinating excel spreadsheet and have been playing with it for a few days. On purpose I entered a very high annual expense to see where the money would be withdrawn from. At first the program takes money from a ...
by lomarica01
Tue Jul 31, 2018 12:32 pm
Forum: Personal Consumer Issues
Topic: Tips for staying active / injury-free into older age
Replies: 162
Views: 15786

Re: Tips for staying active / injury-free into older age

two words Table Tennis great workout for the body and mind (it can be a very complicated game at the higher level) and low risk of injury. Plus you get out and meet people, just google for a local club in your area
by lomarica01
Mon Jul 30, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Air Conditioning? [How to finance?]
Replies: 76
Views: 5655

Re: Air Conditioning? [How to finance?]

Mabye a bit off topic but try a whole house fan, which you run at night when it is cooler outside and when you wake up the house is nice and cool. Even on hot days you might not even need ac. We also installed an attic fan which takes out the super heated air in the attic during the day. Both of the...
by lomarica01
Thu Jun 07, 2018 11:05 am
Forum: Personal Investments
Topic: Breaking Up and Staying On Good Terms with an Advisor
Replies: 42
Views: 5640

Re: Breaking Up and Staying On Good Terms with an Advisor

Here are my thoughts for each question. 1. the advisor should have no role in your parents estate 2. breakup in writing and get an understanding of when his responsibilities and fees end 3. have vanguard initiate the transfer recently went thru this with my mother and was disappointed how the adviso...
by lomarica01
Thu May 31, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: is PE ratio in morningstar accurate
Replies: 7
Views: 833

is PE ratio in morningstar accurate

I am looking at the pe ratio provided in 03/09/18 morningstar pdf report (this is a one page summary) for the Vanguard 500 index VFINX and it is listed as 16.96 when I compare this to other web sites I see a PE of 24.7 for the S&P500 for around the same time period can anyone explain this apparent d...
by lomarica01
Mon May 21, 2018 11:37 am
Forum: Personal Investments
Topic: recommended Roth percentage of total investments
Replies: 17
Views: 3282

recommended Roth percentage of total investments

I am wondering if there is a recommended (or rule of thumb) percentage of what ones Roth accounts should be. For example my Roth accounts make up about 13% of my 401k/457 403b investments. There has been much discussion of Roth conversions but it seems like at some point one can go overboard. I can ...
by lomarica01
Fri May 11, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: Used car, $20K-$25K
Replies: 43
Views: 4759

Re: Used car, $20K-$25K

we just got a 2017 kia credenza which replaced our 2007 es350. it is as nice as our old lexus inside but not quiet as smooth or quiet. I do not care for the new lexus style inside or outside at all. The Kia is a large car and very nice inside and got a great price at carmax. recommend getting a car ...