Search found 5184 matches

by michaeljc70
Wed Jul 17, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy vs Roth conversions
Replies: 3
Views: 160

ACA subsidy vs Roth conversions

I'm 49 and retired. We have an ACA plan but have never been eligible for a subsidy until now. I planned to do annual conversions until I collect SS (age 67). My spouse still works, but doesn't make much money. After looking at 2019, I estimate that I could do a conversion of $10k and stay in the 12%...
by michaeljc70
Wed Jul 17, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 101
Views: 8781

Re: House not appraising for amount we were offered!

Respectfully, I think your question is both easy and answered: You live in a very hot market. The appraisal is a little behind the market. The bank won't lend more than the appraisal. Assuming there's an appraisal contingency in the contract, there is a good chance your buyer will come up with extr...
by michaeljc70
Wed Jul 17, 2019 10:00 am
Forum: Personal Consumer Issues
Topic: Anyone buy the Nissan Rogue over the Honda CRV???
Replies: 85
Views: 4625

Re: Anyone buy the Nissan Rogue over the Honda CRV???

You talk a lot about the locations and service from the dealerships. How often are you going there? I've been to the Mazda dealer 1 time in 5 years to have 2 recall things fixed. I didn't care that it was 30 minutes away.
by michaeljc70
Tue Jul 16, 2019 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 42
Views: 2881

Re: Take the cash or the free dinner?

My grandparents, who were always very frugal, often went to free dinners to hear the "talk". They never viewed them as too high pressure and never bought anything. Mostly, they were trying to sell things they didn't want. They found some of them, given by attorneys, to be useful. Mostly around trust...
by michaeljc70
Tue Jul 16, 2019 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home; Very HCOL Area
Replies: 36
Views: 2681

Re: Buying a home; Very HCOL Area

Perspective: In my area, you are spending 400K for a "fixer upper". For half a million, you're buying something you'll need to do work on. 600K is where "move in ready" becomes somewhat realistic That isn't VHCOL. +1 It pays off when you see the appreciation like they have in the Bay area. Of cours...
by michaeljc70
Tue Jul 16, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Being a hands off homeowner
Replies: 48
Views: 2645

Re: Being a hands off homeowner

Good luck, I've had little success finding someone to do home maintenance for reasonable rates. I've literally been quoted way over $100 per hour. I recently tried to get a quote to replace my front door and got $3300. Replacing a front door is about a 4 hour job. Assuming the door is about $1k tha...
by michaeljc70
Tue Jul 16, 2019 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Amended 1040X
Replies: 7
Views: 396

Re: Amended 1040X

I made a very small correction in March and just got the letter confirming it yesterday. That sounds about right - about 15-16 weeks? Yes, around 15 weeks. I had actually forgotten about the amended return and when I saw something from the IRS in my Informed Delivery email I had a sinking feeling i...
by michaeljc70
Tue Jul 16, 2019 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Amended 1040X
Replies: 7
Views: 396

Re: Amended 1040X

I made a very small correction in March and just got the letter confirming it yesterday.
by michaeljc70
Tue Jul 16, 2019 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Should i disclose my liability insurance policy limits?
Replies: 19
Views: 1952

Re: Should i disclose my liability insurance policy limits?

No! The extent of their alleged injuries/damages has nothing to do with the limits on your policy. Let your insurance company handle this. It sounds like an ambulance chasing lawyer (with no ambulance).
by michaeljc70
Mon Jul 15, 2019 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 83
Views: 6513

Re: Tenant turned off all utilities advice please!!

It's situations like this that make me glad that I'm not a landlord. Actually, what it teaches me is that just like we need an Investing Policy Statement, those who rent properties need a Landlord Policy Statement. In this instance: (1) I think it is foolish to think that a tenant will take care of...
by michaeljc70
Mon Jul 15, 2019 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 101
Views: 8781

Re: House not appraising for amount we were offered!

Note my use of “appraisal process”—-what I mean is that if three buyers are independently willing to pay $X or more, then any so-called appraisal process that purports to value the property at less than $X is clearly flawed; the process that is applied to produce such a result is clearly not releva...
by michaeljc70
Mon Jul 15, 2019 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 101
Views: 8781

Re: House not appraising for amount we were offered!

I once sold a house for which I received three offers, all of which were over the appraisal that came in for the bidder that I selected. That pretty much convinced me that whatever the intent of the appraisal process, i t did not have universal relevance . I'm not sure what you mean. The relevance ...
by michaeljc70
Mon Jul 15, 2019 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 101
Views: 8781

Re: House not appraising for amount we were offered!

Seems silly to say the listing price was too high if the OP received an above market offer within 12 hours. The whole appraisal business is a bit silly though. By definition, something is worth what a willing buyer will pay for it. But in this case, a willing buyer has agreed to the contract price,...
by michaeljc70
Mon Jul 15, 2019 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 101
Views: 8781

Re: House not appraising for amount we were offered!

To me, thats pretty significant -not talking $1000-$5000 difference between appraisal and your listing price. Are you sure your listing price isn't too high? (begs question of Realtor) Feel like info is missing. $20k difference on a home in that price range is significant, even in a sellers market....
by michaeljc70
Mon Jul 15, 2019 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 101
Views: 8781

Re: House not appraising for amount we were offered!

I think the other posters have hit on the key points. I'd put it back on the market if the current offer isn't willing to put up the extra cash to make it work. If the next offer is above their appraisal (and unwilling to come up with the cash), I would lower my expectations (or wait if you don't ha...
by michaeljc70
Mon Jul 15, 2019 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 101
Views: 8781

Re: House not appraising for amount we were offered!

To me, thats pretty significant -not talking $1000-$5000 difference between appraisal and your listing price. Are you sure your listing price isn't too high? (begs question of Realtor) Feel like info is missing. $20k difference on a home in that price range is significant, even in a sellers market....
by michaeljc70
Mon Jul 15, 2019 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 83
Views: 6513

Re: Tenant turned off all utilities advice please!!

wilked wrote:
Mon Jul 15, 2019 8:59 am
As a landlord you need to utilize attorneys for these very things.
How much of the $1200 in question is going to go to the attorney?
by michaeljc70
Mon Jul 15, 2019 10:48 am
Forum: Personal Consumer Issues
Topic: WaPo: "Mobile Passport" is the best-kept secret in air travel
Replies: 47
Views: 6439

Re: WaPo: "Mobile Passport" is the best-kept secret in air travel

I have Global Entry and use that. One thing I didn't see addressed is if there is more of a likelihood of being stopped/questioned (even if in a shorter line) using the MP. With the MP you don't go through a background check and interview.
by michaeljc70
Mon Jul 15, 2019 8:57 am
Forum: Personal Consumer Issues
Topic: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value
Replies: 101
Views: 6800

Re: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value

I have an upcoming trip, so I tried to redeem my $900 voucher. I clicked the link in the email and it says the available balance is $0. I contacted the 3rd party voucher firm and they said they would inform Google as it is on their end. I'm not sure what is going on. I figure it could be 1) someone...
by michaeljc70
Sat Jul 13, 2019 5:19 pm
Forum: Personal Consumer Issues
Topic: "Objective" Importance of Keeping Your Physicians?
Replies: 54
Views: 3887

Re: "Objective" Importance of Keeping Your Physicians?

You would have to go the same doctor on a pretty regular basis in order for him to know you. Otherwise you are a name he will have to look up. Of cours he will greet you like he remembers you very well. If you see your doc that often you are probably in need of ongoing healthcare. This is not the o...
by michaeljc70
Sat Jul 13, 2019 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Add a second job? Trader Joes, Home depot, ???
Replies: 38
Views: 4693

Re: Add a second job? Trader Joes, Home depot, ???

A friend took a part time job (also in Chicago) recently. He considered a few places and it came down to Home Depot and Trader Joe's (offers from both). I believe they both offered benefits if you worked 30+ hours a week. He went with Home Depot. I was surprised at the hiring process (I think 4 inte...
by michaeljc70
Thu Jul 11, 2019 6:57 pm
Forum: Personal Consumer Issues
Topic: Survived the First Week [of retirement, what's next?]
Replies: 69
Views: 7756

Re: Survived the First Week [of retirement, what's next?]

I don't think you've given it enough time. One more year of work? What will you be doing in one year that you cannot do now? You will be in the same boat. It is probably best you confront it now. It sounds like you have some things to do at home. Take your time. I find that one thing a lot of people...
by michaeljc70
Thu Jul 11, 2019 6:43 pm
Forum: Personal Consumer Issues
Topic: How to encrypt Cloud backups?
Replies: 54
Views: 3422

Re: How to encrypt Cloud backups?

I have a script (Powershell) that encrypts and zips my files before uploading them for backup using 7-Zip. I will not have anything sensitive in the cloud without my own encryption (well, own encryption password only I know- I didn't write the actual encryption). I zip/encrypt each file as I only ba...
by michaeljc70
Thu Jul 11, 2019 8:58 am
Forum: Personal Consumer Issues
Topic: New budget SUV vs used luxury SUV
Replies: 27
Views: 2542

Re: New budget SUV vs used luxury SUV

Why not a used CX5? I cannot speak for the OP, but they were restyled for 2019. The trim levels also changed. If you don't care, it is a good time to buy a used car as a restyle usually impacts used car values. I have a 2015 CX-5 and know that some of the tech on the 2019 wasn't even available in a...
by michaeljc70
Wed Jul 10, 2019 7:29 pm
Forum: Personal Consumer Issues
Topic: New budget SUV vs used luxury SUV
Replies: 27
Views: 2542

Re: New budget SUV vs used luxury SUV

The range on the Mazda pricing is due to the trim. I was comparing all inclusive rate. We decided to go with the Mazda, since 1. Maintenance cost is likely gonna be lower in the long run 2. Mazda gtr offers similar luxury effect to Acura 3. Newer safety system and infotainment in Mazda. I think tha...
by michaeljc70
Tue Jul 09, 2019 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Sign up bonuses
Replies: 16
Views: 1421

Re: Credit Card Sign up bonuses

I've taken a break from sign up bonuses due to exhausting all the offers that I like best. I prefer the mileage offers over cash as I can usually use them for more like 1.5-2 cents per mile. I looked at the churning chart above and obviously the credit card companies have too. I am finding it harder...
by michaeljc70
Tue Jul 09, 2019 7:21 am
Forum: Personal Consumer Issues
Topic: Google fi users - happy with it and recs?
Replies: 32
Views: 3061

Re: Google fi users - happy with it and recs?

I’d like to share my current experience with a Moto 6, bought from google in May, specifically for travel to Europe. It has been pretty much a fiasco. From the first day it has not been able to connect to international networks. I spent the first day of vacation talking to google support. Eventuall...
by michaeljc70
Mon Jul 08, 2019 9:53 pm
Forum: Personal Consumer Issues
Topic: Pre Cruise Ft Lauderdale Hotel
Replies: 36
Views: 1980

Re: Pre Cruise Ft Lauderdale Hotel

I was faced with deciding whether to go a day early or not recently for a cruise at the end of November. Flying from Chicago, there are dozens of direct flights to S FL daily. However, the overriding factor was where our first port of call is. It is Aruba. Not exactly close or cheap to get to if we ...
by michaeljc70
Mon Jul 08, 2019 9:40 pm
Forum: Personal Consumer Issues
Topic: New budget SUV vs used luxury SUV
Replies: 27
Views: 2542

Re: New budget SUV vs used luxury SUV

I would consider Lexus, Infiniti and Acura luxury/premium class unlike the post above. I would go for the new Mazda with a full warranty. I have a 2015 and like the CX-5. The new models have received a lot of great reviews and the top of line is near-luxury (not in nameplate, but in features). That ...
by michaeljc70
Mon Jul 08, 2019 8:23 pm
Forum: Personal Consumer Issues
Topic: Dealer shows trade-in value much higher to avoid sales tax
Replies: 34
Views: 3535

Re: Dealer shows trade-in value much higher to avoid sales tax

It sounds like there may be a loophole in the law. Where I live, used cars from 3rd parties are taxed based on year of the vehicle (generally). Everyone that sold a car to their brother was claiming the sale was for $200. Without knowing for sure if this was illegal, I wouldn't do anything. Because ...
by michaeljc70
Sat Jul 06, 2019 11:52 pm
Forum: Personal Consumer Issues
Topic: inkjet printer recs
Replies: 34
Views: 1468

Re: inkjet printer recs

I probably print <100 pages a year. I actually, through experience, have learned to actually print at least a page a month to keep things from drying up. YMMV. At 100 pages per year, will a drum last 140 years? I doubt it. Laser printers don't dry up. There's nothing to "dry up," because toner is n...
by michaeljc70
Sat Jul 06, 2019 11:41 pm
Forum: Personal Consumer Issues
Topic: inkjet printer recs
Replies: 34
Views: 1468

Re: inkjet printer recs

My experience is different. Is it really good for 14k pages? It is like a car that is driven rarely. A 3k mile oil change doesn't apply to a car driven 1k miles a year. I'm a low- to medium-volume printer (about 100 pages a month) and have never had to replace the drum on any of the 3 laser printer...
by michaeljc70
Sat Jul 06, 2019 11:31 pm
Forum: Personal Consumer Issues
Topic: inkjet printer recs
Replies: 34
Views: 1468

Re: inkjet printer recs

I have a Brother AIO inkjet. If you don't print a lot, I don't see an advantage to a laser printer. I've owned both. Eventually the drum needs replacing on the laser and is $$$$$. I buy cheap ink refills for my printer on Amazon. No issues and dirt cheap. The printer was ~$80. Recommended by Consum...
by michaeljc70
Sat Jul 06, 2019 10:55 pm
Forum: Personal Consumer Issues
Topic: Are you a serious DIYer?
Replies: 84
Views: 5686

Re: Are you a serious DIYer?

Yes, I try to do most things myself. It’s not for cost but because I trust that I will do a higher quality job than someone that I would pay. I have found evidence in this on everything - home repairs, automotive service, lawn care, financial planning. I have paid for quite a few services lately re...
by michaeljc70
Sat Jul 06, 2019 10:52 pm
Forum: Personal Consumer Issues
Topic: inkjet printer recs
Replies: 34
Views: 1468

Re: inkjet printer recs

I have a Brother AIO inkjet. If you don't print a lot, I don't see an advantage to a laser printer. I've owned both. Eventually the drum needs replacing on the laser and is $$$$$. I buy cheap ink refills for my printer on Amazon. No issues and dirt cheap. The printer was ~$80. Recommended by Consume...
by michaeljc70
Sat Jul 06, 2019 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting and tax form - mechanics for a couple
Replies: 2
Views: 297

Re: Gifting and tax form - mechanics for a couple

TheGreyingDuke wrote:
Sat Jul 06, 2019 12:54 pm
One check for $30k will do fine if it is written on a joint account
Okay. Thanks
by michaeljc70
Sat Jul 06, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Gifting and tax form - mechanics for a couple
Replies: 2
Views: 297

Gifting and tax form - mechanics for a couple

The gift tax limit before you have to file a form 709 is $15k for each recipient, double that for a couple giving. My question is, do the mechanics matter? For example, if giving $30k to someone, should one person sign a $15k check and the spouse sign another $15k check? Does it matter if it comes o...
by michaeljc70
Sat Jul 06, 2019 10:59 am
Forum: Personal Investments
Topic: I'm beside myself about my dad's investment account
Replies: 32
Views: 5422

Re: I'm beside myself about my dad's investment account

Sorry about your father. Was it all invested in fixed income? If so, after fees it is probably reasonable. I think this highlights why even someone "conservative" needs some stocks as there is a risk you don't keep up with inflation. I'd argue it is riskier to be all in things that after fees may no...
by michaeljc70
Sat Jul 06, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: How much did FIRE affect your SS payments?
Replies: 17
Views: 2430

Re: How much did FIRE affect your SS payments?

I have a total of 28 years since I started working full time (current age 49). Of those, there were many years I only worked part of the year or none of the year. I had some 4 figure years working part-time before/during college. I plugged that into a SS calculator (no future earnings) and I will ge...
by michaeljc70
Sat Jul 06, 2019 10:15 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4597
Views: 1182223

Re: What Movie Have You Recently Watched?

Gifted. I'd give it a 7 out of 10. It is a couple years old. It stars Chris Evans and is about an Uncle raising a math prodigy and an ensuing custody fight with his mother.
by michaeljc70
Fri Jul 05, 2019 12:56 pm
Forum: Personal Consumer Issues
Topic: Have you cleaned your own carpets?
Replies: 26
Views: 1718

Re: Have you cleaned your own carpets?

I no longer have wall to wall carpet, but in the past I didn't think the hassle was worth renting the carpet cleaner vs. hiring someone. As others said, I think the truck mounted models are much more powerful. There are always deals/coupons on carpet cleaning around here. If there was just a small a...
by michaeljc70
Thu Jul 04, 2019 11:29 am
Forum: Personal Consumer Issues
Topic: DIY Home Security like Ring and SimpliSafe vs paid services like ADT and Rampart. What do you advise for and/or against?
Replies: 27
Views: 2165

Re: DIY Home Security like Ring and SimpliSafe vs paid services like ADT and Rampart. What do you advise for and/or agai

Sirens in our neighborhood are treated as if the homeowner locked themselves out. No one goes to investigate. We don't use the system that was installed by the builder and just don't worry about theft because there is nothing worth stealing in the house: no jewelry, no money, no guns, no appliances...
by michaeljc70
Thu Jul 04, 2019 11:24 am
Forum: Personal Consumer Issues
Topic: Reservations about purchasing a 16 year old house
Replies: 65
Views: 4706

Re: Reservations about purchasing a 16 year old house

Though the age of those systems would be part of my decision (particularly with regard to price), it would not by any means be major factor. I would be more concerned with the location, quality of the build, layout, etc. Those things cannot be easily changed. My current place was 20 years old when I...
by michaeljc70
Thu Jul 04, 2019 11:19 am
Forum: Personal Consumer Issues
Topic: DIY Home Security like Ring and SimpliSafe vs paid services like ADT and Rampart. What do you advise for and/or against?
Replies: 27
Views: 2165

Re: DIY Home Security like Ring and SimpliSafe vs paid services like ADT and Rampart. What do you advise for and/or agai

I have a ring security system I installed about a month ago. I've been happy with it so far. I don't get the monitoring. I figure the sirens will get an intruder out before the police get here. They do offer reasonably priced monitoring though. I had ADT at my last house for years. It got expensive ...
by michaeljc70
Wed Jul 03, 2019 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 110
Views: 10486

Re: Staying the course is so hard (support thread)

You came across a well known house that costs $1.3 million while looking for rentals? :shock:

Of course, you can afford it. Your current house is less than your annual salary which is pretty unusual (at least in the general population).
by michaeljc70
Wed Jul 03, 2019 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Hire a driver?
Replies: 63
Views: 3382

Re: Hire a driver?

For 12 hour shifts only 12 times a month, I'd just drive and make sure I was well rested. Beyond the expense, I am not sure how reliable this person would be. Dealing with him being sick, late, on vacation or whatever would be more hassle than just driving. It would be like having an employee you ha...
by michaeljc70
Wed Jul 03, 2019 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: 30 y/o financial check up. How am I doing? Can I buy a model 3 performance?
Replies: 57
Views: 3820

Re: 30 y/o financial check up. How am I doing? Can I buy a model 3 performance?

I agree with most of the posters. With the money you are making pay off your father ASAP and then buy the car. You are making $250k, paying $900 for rent and paying him only $1k/mo?

To answer the question directly, of course you can afford it.
by michaeljc70
Wed Jul 03, 2019 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Adult son has not controlled credit card overuse!
Replies: 106
Views: 6085

Re: Adult son has not controlled credit card overuse!

Without specifics, it is hard to know how bad this problem is. If he makes $50k and is $5k in debt that is a completely different situation than making $50k and being $100k in debt. A lot depends on his cash flow also. The first thing I would do if I were him is not make any late payments. Those fee...
by michaeljc70
Tue Jul 02, 2019 10:09 am
Forum: Personal Finance (Not Investing)
Topic: New Landlord Here! Your Top Tips to include in a Lease?
Replies: 52
Views: 4021

Re: New Landlord Here! Your Top Tips to include in a Lease?

This talk of 30 day leases to get rid of bad tenants makes me think people aren't properly screening tenants with credit checks, verifying income, etc. No one I know does leases like that. In fact, they reject people that want to do 6 month leases as they don't want to keep having turnover and vacan...
by michaeljc70
Mon Jul 01, 2019 7:20 pm
Forum: Personal Consumer Issues
Topic: Are you a serious DIYer?
Replies: 84
Views: 5686

Re: Are you a serious DIYer?

I had to call the plumber for a serious issue and was disappointed that I couldn't fix it myself. The repair was straightforward in the end and cost me $125 but I learned something that will make this kind of call unnecessary in the end. How DIY are you? Does being DIY save you money, or is it enjo...