Search found 241 matches

by WolfgangPauli
Wed Jun 06, 2018 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 244
Views: 28232

Re: Why pay cash for a car?

I am not arguing for any side, cash or finance the purchase. It is a personal decision based on many factors. Some of the arguments for cash however are totally false or does not make sense. Do you use credit cards? That is buying on credit but if you use it carefully and pay off balance on time yo...
by WolfgangPauli
Wed Jun 06, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Gift to Son and Effect on Gift Tax
Replies: 35
Views: 3182

Re: Gift to Son and Effect on Gift Tax

Even if you said no parental advice, I still want to praise that it is a nice thing to do. Thank you.. Sometimes I get people who tell me I am a horrible parent because I "give" these things away but honestly, I am not sure what the purpose of my life is except to make his even better than mine (an...
by WolfgangPauli
Mon May 28, 2018 6:06 pm
Forum: Personal Consumer Issues
Topic: Remote temperature monitoring
Replies: 22
Views: 1768

Re: Remote temperature monitoring

Check with your insurance company. I was offered 8 Honeywell Lyric devices free of charge by them as long as I allowed them permission to monitor. They alert on both temperature and humidity along with leaks.. I put one near each toilet, sink and washer machine. They all independently link to my wifi.
by WolfgangPauli
Mon May 28, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyers- Mortgage Questions
Replies: 29
Views: 2430

Re: First Time Home Buyers- Mortgage Questions

Just advice.. take it for what it is worth: 1. You said your combined income is $300K.. .Not sure if that is evenly distributed or not but lets assume it is. You are one job loss away from not being able to afford the home. When both my wife and I worked (many years ago) we had a rule to only take o...
by WolfgangPauli
Mon May 28, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Have you ever overpaid your federal income tax bill?
Replies: 17
Views: 1486

Re: Have you ever overpaid your federal income tax bill?

I think you file an amended return to get it back.
by WolfgangPauli
Mon May 28, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: CD question
Replies: 5
Views: 673

Re: CD question

What is the purpose of the money? Will you keep in cash? My overall general advice would be to take the 3 mo CD as the 1 year seems "OK" but nothing spectacular. I do not market time with stocks or interest rates however the Fed has all but promised us 3 more rate hikes so keeping your cash in a fai...
by WolfgangPauli
Mon May 28, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Gift to Son and Effect on Gift Tax
Replies: 35
Views: 3182

Gift to Son and Effect on Gift Tax

Hi, I plan on gifting two things to my son this year: 1. Pay off the remainder of student loans ($30k). 2. Give him a car (used that I do not use anymore) ($13K) I have already paid $20K in loans for him so in total I will give him (I say "I" but it is my wife and I) roughly $63K this year. My under...
by WolfgangPauli
Mon May 28, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 244
Views: 28232

Re: Why pay cash for a car?

My feeling is this: Always pay cash for a car as long as you can afford it. Here is the problem with loans: 1. A car is a DEPRECIATING ASSET in a big way and rule of thumb is not to take out a loan on a DA. Mortgages tend to work out because usually (although not always) the underlying asset (the ho...
by WolfgangPauli
Sun May 13, 2018 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Conserving Parent's Money to Pay for Assisted Living
Replies: 7
Views: 1455

Conserving Parent's Money to Pay for Assisted Living

Well, unfortunately that time has come. Let me give you some background. My Dad is 88 and my mom is 89. My father always handled his money but he recently had a stroke which has left his memory severely lacking. He can no longer manage his finances and after being married for over 60 years where he ...
by WolfgangPauli
Sat Apr 21, 2018 12:34 pm
Forum: Personal Consumer Issues
Topic: Long term care ins John Hancock
Replies: 32
Views: 1694

Re: Long term care ins John Hancock

The quickest and easiest way to get a claim paid is to have a large home care agency file it for you. That's what we did. All my relative had to do was sign two HIPAA forms and the home care agency took care of the rest. The claim was approved in about 3 weeks. The company was also John Hancock. Wo...
by WolfgangPauli
Sat Apr 21, 2018 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Want to be 100% in stock index funds ,
Replies: 31
Views: 3189

Re: Want to be 100% in stock index funds ,

I paraphrased.. what he has said, over and over, is he would never guess what was going to happen in the market in anything less than 10 year increments. Which implies, if you think you need the money in less than 10 years you should be somewhere safe because you may end up needing it in the absolut...
by WolfgangPauli
Sat Apr 21, 2018 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Want to be 100% in stock index funds ,
Replies: 31
Views: 3189

Re: Want to be 100% in stock index funds ,

I will be retiring soon and I have been reading Morningstars ETF Inverter , and the AAII publication for several years. I think I can do ok without taking anything out of my portfolio for the first 5 years or so . So it seems to me that I'll be better off in 5 years if I'm totally in Total world st...
by WolfgangPauli
Sat Apr 21, 2018 10:31 am
Forum: Personal Consumer Issues
Topic: Long term care ins John Hancock
Replies: 32
Views: 1694

Re: Long term care ins John Hancock

This may be a really good use of Ibond investing. Since I did not need to use my iBonds for my son's education I have "repurposed" that money for self funding LTC. I think, in the long run, it will be better because I think, again, in the long run, the idea of a long stay at a hospital or nursing ho...
by WolfgangPauli
Sat Apr 21, 2018 9:02 am
Forum: Personal Consumer Issues
Topic: Long term care ins John Hancock
Replies: 32
Views: 1694

Re: Long term care ins John Hancock

I recently had this issue with a policy from Allstate. It was "nursing home" insurance which was bought, and has been paid for since, in 1989. A couple of things. The part of the company who sold this policies is long gone out of the "normal" allstate and no one could help at Allstate. They literall...
by WolfgangPauli
Sun Feb 25, 2018 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: Help - what's your Favorite muni fund and why?
Replies: 20
Views: 1930

Re: Help - what's your Favorite muni fund and why?

I have a mix of intermediate term muni bond fund and short term muni bond fund.. both in Vanguard. works well for me for all the reasons the OP discussed.
by WolfgangPauli
Sun Feb 25, 2018 9:53 pm
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 12849

Re: How Far is too Far, Commuting?

One other aspect.. I am commuting a distance as I live in a no tax state but work in tax state. I am able to file as a NR (non resident) in the tax state which means all my other income (dividends etc.) are not subject to state tax. I also can keep a diary and when I am out of the state working (i.e...
by WolfgangPauli
Sat Feb 24, 2018 6:30 pm
Forum: Investing - Theory, News & General
Topic: Buffett's Shareholder Letter [2017]
Replies: 47
Views: 4504

Re: Buffett's Shareholder Letter [2017]

I think we are making a mistake by trying to apply his business investment strategy v. a personal strategy. I am lucky enough to work for a company which is 100% owned by WB / BH. His views are mostly how he invests his business money. Remember, he buys stocks but he also buys companies.. and holds ...
by WolfgangPauli
Sat Feb 24, 2018 6:04 pm
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 12849

Re: How Far is too Far, Commuting?

On a typical day I drive just under 40 miles each way which averages 45 minutes in the morning and 53 in the evening, not in a quiet area but happily not in a heavily congested area either (though those options are nearby). I do not mind this level of commute and have been doing it for quite some t...
by WolfgangPauli
Sat Feb 24, 2018 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA [Should my wife take COBRA coverage?]
Replies: 20
Views: 1821

Re: COBRA

Not sure if the deal is already done or not but you should always get the new employer to cover the COBRA costs of the gap period. This is very standard now and, in fact, most companies do not even wait to negotiate that... they just do it. You would pay the COBRA and they would reimburse you. Reme...
by WolfgangPauli
Sat Feb 24, 2018 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA [Should my wife take COBRA coverage?]
Replies: 20
Views: 1821

Re: COBRA

Not sure if the deal is already done or not but you should always get the new employer to cover the COBRA costs of the gap period. This is very standard now and, in fact, most companies do not even wait to negotiate that... they just do it. You would pay the COBRA and they would reimburse you. Reme...
by WolfgangPauli
Sat Feb 24, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: What to do — forgot to file gift tax for 529 plan contribution
Replies: 7
Views: 874

Re: What to do — forgot to file gift tax for 529 plan contribution

Is this your child? I did not know you had to file a gift tax for a 529 contribution. I thought education was exempt from that.
by WolfgangPauli
Sat Jan 06, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: CapOne Quicksilver vs. USAA card
Replies: 14
Views: 965

Re: CapOne Quicksilver vs. USAA card

Ok, back to cards. I have the USAA 2.5% so I assume the 1.5% would be good too.. Of course, I love the 2.5%.. no blackout items, good on all purchases, no maximum. I collected more than $1K last year and only had it for 1/2 the year. I also have been a USAA customer since 1982 and just about all ban...
by WolfgangPauli
Sat Jan 06, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: COBRA [Should my wife take COBRA coverage?]
Replies: 20
Views: 1821

Re: COBRA

Not sure if the deal is already done or not but you should always get the new employer to cover the COBRA costs of the gap period. This is very standard now and, in fact, most companies do not even wait to negotiate that... they just do it. You would pay the COBRA and they would reimburse you. Remem...
by WolfgangPauli
Sat Jan 06, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: CapOne Quicksilver vs. USAA card
Replies: 14
Views: 965

Re: CapOne Quicksilver vs. USAA card

Check, what's a check . . . oh yeah those little green slips of paper you'd send every month in an envelope and put something you licked called a stamp on it then took it to a building called a post office . . . :) Sorry couldn't resist, just a little joke for this Friday. That have your bank accou...
by WolfgangPauli
Fri Jan 05, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Moving I bonds to "Custom" I bonds account
Replies: 6
Views: 624

Re: Moving I bonds to "Custom" I bonds account

I am curious if you would share the purpose of doing this? Perhaps I am missing something but I cannot conceive of an idea for doing this...
by WolfgangPauli
Thu Jan 04, 2018 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing 2018 Taxes
Replies: 19
Views: 2301

Re: Reducing 2018 Taxes

Buy shares of the Vanguard REIT index fund and when it continues to lose money, sell the shares for a loss. You can get a tax deduction for up to the taxes on $3,000 of the loss. Ha! i assume this is a joke and the suggestion here is your goal should NOT be to reduce taxes... it should be to get th...
by WolfgangPauli
Tue Jan 02, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: SALT Tax Deduction Max of $10K is NOT indexed to Inflation
Replies: 29
Views: 4680

Re: SALT Tax Deduction Max of $10K is NOT indexed to Inflation

hoppy08520 wrote:
Mon Jan 01, 2018 11:24 am
Another flaw is that the $10k SALT cap is the same whether single or married. So, Congress basically instituted another marriage penalty.
I wonder when it really will be a significant enough benefit to just get divorced and live together..
by WolfgangPauli
Mon Jan 01, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: Savings Bond Wizard to be eliminated 5/18
Replies: 68
Views: 11693

Re: Savings Bond Wizard to be eliminated 5/18

Thank you... I have no windows computers (Mac and Chromebook) so, alas, no impact. Thanks I wonder if they are going to push everyone to the calculator?
by WolfgangPauli
Mon Jan 01, 2018 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Plan for Stay at home mom within 1.5yrs - what to do about mortgage/saving/expenses
Replies: 46
Views: 3767

Re: Plan for Stay at home mom within 1.5yrs - what to do about mortgage/saving/expenses

First, congratulations... I know it somehow can come out wrong but having a SAHM or SAHD was a must for my family. So, to that end we always built our expenses off of one income... even when we had no kids (at that age, you never know when one may "appear"). So, The I would only add two things: 1) h...
by WolfgangPauli
Mon Jan 01, 2018 8:48 am
Forum: Investing - Theory, News & General
Topic: Savings Bond Wizard to be eliminated 5/18
Replies: 68
Views: 11693

Re: Savings Bond Wizard to be eliminated 5/18

I am confused as to what this is. I have loaded all my paper bonds into the website then I saved it (data only) using the instructions they provided. Then, when I click on the file saved the next month it automatically updates on the web. I then save under a different name and do that all over again...
by WolfgangPauli
Mon Jan 01, 2018 8:39 am
Forum: Investing - Help with Personal Investments
Topic: 401k contribution limited by employer
Replies: 17
Views: 1323

Re: 401k contribution limited by employer

I wonder what the reason is.. perhaps they go into a different tier of fees? What do they care how much you put away? I do know that the law is more and more asking the employer to ensure the contributors are doing what is "right". Maybe they made some judgement here? Worth asking rather than fretti...
by WolfgangPauli
Mon Jan 01, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Limited time Turbotax deluxe if FREE for Active Duty Military on USAA
Replies: 1
Views: 332

Limited time Turbotax deluxe if FREE for Active Duty Military on USAA

Hi,

Just thought I would pass this on. Great deal obviously. For all the rest, USAA is still offering their $20 reduction in cost.

Best and Happy New Year!
by WolfgangPauli
Sun Dec 31, 2017 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: iBond Annual Allocation question...
Replies: 3
Views: 450

Re: iBond Annual Allocation question...

Treasury direct still says CPI-U however that is so lagging in its updates I never know to trust it.

Good point on the wait until the end of month.. not a ton of money but I suppose money is money.

Thanks
by WolfgangPauli
Sun Dec 31, 2017 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: SALT Tax Deduction Max of $10K is NOT indexed to Inflation
Replies: 29
Views: 4680

SALT Tax Deduction Max of $10K is NOT indexed to Inflation

Anyone else see this little gem in the new tax code? This is not indexed to inflation and if you assume inflation is going to heat up a bit very quickly this $10k is going to be small for a lot of people. As your local taxing authorities need to raise more funds with inflation, you will always be at...
by WolfgangPauli
Sun Dec 31, 2017 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: iBond Annual Allocation question...
Replies: 3
Views: 450

iBond Annual Allocation question...

Hi, Anyone jumping in tomorrow now that your total amount resets and the current bonds pay .1% over CPI? Also, I have not heard of them changing it but the iBond still pays off of CPI-U? I know in the new tax law they changed the way many government benefits are figured as they are figured off of C-...
by WolfgangPauli
Sun Dec 31, 2017 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Did you get an Unexpected Year End Bonus because of the Tax Cut?
Replies: 44
Views: 3650

Re: Did you get an Unexpected Year End Bonus because of the Tax Cut?

My mini-megacorp (S&P 600 company) gave all employees a 3% "bonus" in our last paycheck on Friday. They also prepaid 90% of our Q4 bonus the Friday before. (Our Q4 bonus is usually payable the following February and includes the true-up for our annual bonus based on all the year-end numbers. Q1-Q3 ...
by WolfgangPauli
Sun Dec 31, 2017 11:18 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 278
Views: 51727

Re: USAA 2.5% Cash Back Credit Card

I love the 2.5% card and have received substantial payments from it this year. I had a feeling they would scale it back as it must be expensive.. however I jumped in and am charging everything. I gave one to my son even.... Kind of like earning 2.5% on what you spend! And, no, I am not spending more...
by WolfgangPauli
Sun Dec 31, 2017 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Target Net Worth
Replies: 39
Views: 5016

Re: Target Net Worth

Thanks all for the replies. My wife and I are going to set some goals at the new year. Doing the math some of you were using, I think my number will be 4m. With about 1.5 in a house, and 2.5 producing about 100k. To be updated as life goes on. $1.5 in a house - 37.5% in an illiquid asset seems an a...
by WolfgangPauli
Sat Dec 30, 2017 2:38 pm
Forum: Personal Consumer Issues
Topic: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help
Replies: 49
Views: 5433

Re: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help

The Ford dealer near me fixed mine on the same day I called. This was over a year ago though. Is there another Ford dealer you can try contacting? What did he fix it with? Are you sure we are discussing the Takata air bags? Are you sure it cleared out the recall? According to Ford's own letter and ...
by WolfgangPauli
Sat Dec 30, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2958

Re: General question on college savings

I never really liked the 529 concept, finding them way too limiting. In 18 years, are you certain that your child will be going to college? With both of my kids, it was touch-and-go for quite a while -- and my son ended up going to college on the GI bill, not needing any college savings... I know t...
by WolfgangPauli
Sat Dec 30, 2017 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Self made index fund results in buying high and selling low?
Replies: 20
Views: 1364

Re: Self made index fund results in buying high and selling low?

chevca wrote:
Sat Dec 30, 2017 1:36 pm
Oh, cryptocurrencies.....

This is an industry now???
LOL.. My guess is it is better to invest in the companies doing the rip off than it is in the actual fake thing to begin with. Remember the old saying from Colorado gold mining rush "It is easier to mine the miners than to mine the mine"
by WolfgangPauli
Sat Dec 30, 2017 1:38 pm
Forum: Personal Consumer Issues
Topic: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help
Replies: 49
Views: 5433

Re: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help

The Ford dealer near me fixed mine on the same day I called. This was over a year ago though. Is there another Ford dealer you can try contacting? What did he fix it with? Are you sure we are discussing the Takata air bags? Are you sure it cleared out the recall? According to Ford's own letter and ...
by WolfgangPauli
Sat Dec 30, 2017 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Self made index fund results in buying high and selling low?
Replies: 20
Views: 1364

Re: Self made index fund results in buying high and selling low?

Have you looked to see if there is a sector ETF that tracks what you are trying to do. It would be lower cost to invest in that. What is the industry you are trying to track? Cryptocurrencies. I just want to allocate a low single digit share of my portfolio to this and there are no reliable ETFs ye...
by WolfgangPauli
Sat Dec 30, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Self made index fund results in buying high and selling low?
Replies: 20
Views: 1364

Re: Self made index fund results in buying high and selling low?

Hi all, I'm trying to create my own mini index fund of say the to 20 companies of an industry by market cap. However, I noticed that companies in positions 17+ are quite volatile, so when they leave the top 20, when I rebalance, I sell low and when they are back in I buy high. Is this an inherent i...
by WolfgangPauli
Fri Dec 29, 2017 9:47 am
Forum: Personal Consumer Issues
Topic: Best On Line Money Mangement System
Replies: 8
Views: 1675

Re: Best On Line Money Mangement System

Personal Capital is nice. I do like the format of PC but I hate the constant phone calls trying to get you into their managed account. Were you able to stop them? I believe all I ever received was a call or two from them. Perhaps my asset base isn’t high enough for them. :D How do they know your as...
by WolfgangPauli
Fri Dec 29, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: FAFSA with low income but high net worth
Replies: 39
Views: 2798

Re: FAFSA with low income but high net worth

Isn't it a valid assumption that student aid is meant for those who need it and not those with awesome accountants? I think the answer to this is pay for the tuition out of your $5M and move on. You obviously (unless this is all inherited wealth) have incredible capabilities to share with the world ...
by WolfgangPauli
Thu Dec 28, 2017 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2958

Re: General question on college savings

Well, let me speak from experience. I have just made the last tuition payment for my son's graduate education. I funded his undergrad (4 yrs UMICH) and his graduate (3yrs Notre Dame) - I am free! I mostly used 529 plan to do this (Michigan plan - MESP). I am a big believer in the 529 and now that yo...
by WolfgangPauli
Thu Dec 28, 2017 4:55 pm
Forum: Personal Consumer Issues
Topic: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help
Replies: 49
Views: 5433

Re: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help

Making the car worthless - who would buy this - even a dealer would not take it. I think you're overreacting a bit on this point. Like almost every car built those years, my last Subaru had the same air bag recall (unfixed). I traded the car in when I bought a Prius 2 years ago. The airbag recall n...
by WolfgangPauli
Thu Dec 28, 2017 10:32 am
Forum: Personal Consumer Issues
Topic: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help
Replies: 49
Views: 5433

Re: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help

I'm confused, is the idea to remove the airbag until a new one is available? It would seem that it would be a hazard no matter where someone is sitting in the car. Apparently when no one is sitting in the front seat (no weight, so I suppose if you had a backpack or something on the seat it may put ...
by WolfgangPauli
Thu Dec 28, 2017 10:29 am
Forum: Personal Consumer Issues
Topic: Best On Line Money Mangement System
Replies: 8
Views: 1675

Re: Best On Line Money Mangement System

ThePrince wrote:
Mon Dec 25, 2017 8:48 pm
Personal Capital is nice.
I do like the format of PC but I hate the constant phone calls trying to get you into their managed account. Were you able to stop them?