Search found 4121 matches

by michaeljc70
Thu Jan 17, 2019 9:36 pm
Forum: Personal Consumer Issues
Topic: New dishwasher recommendations?
Replies: 14
Views: 740

Re: New dishwasher recommendations?

This has been covered in several other threads, but I've been very happy with Bosch. I had one for 11 years in my last place with zero issues. I've had one for 5 years in my current place with zero issues (though there was a "recall" on the power cord and they came out and replaced it for free). The...
by michaeljc70
Thu Jan 17, 2019 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: What to do when a parent's money runs out?
Replies: 236
Views: 40034

Re: What to do when a parent's money runs out?

Too many posts to read them all. I can tell you, my Grandmother is 92 and cannot survive on her income. She "owes" my Mother around $18k. My Mother will get 1/2 the house when her Mother passes. A cousin will get the other 1/2. My mother complains, but at least she will come out in the black at the ...
by michaeljc70
Thu Jan 17, 2019 8:20 pm
Forum: Personal Consumer Issues
Topic: Infiniti QX30 - MB platform
Replies: 4
Views: 377

Re: Infiniti QX30 - MB platform

I would expect Mercedes-like repair and maintenance costs. It is essentially a GLA. If you want Infiniti, you might consider a CPO QX50. Is there something wrong with the CX-5, though? In a top level trim, that can be fairly luxurious itself. The QX50 seems like a good deal used....I'm not crazy ab...
by michaeljc70
Thu Jan 17, 2019 2:24 pm
Forum: Personal Consumer Issues
Topic: Infiniti QX30 - MB platform
Replies: 4
Views: 377

Infiniti QX30 - MB platform

I am probably in the market for a new/used car (2002 Xterra hitting 180k miles and on last legs). I am looking mostly in the compact SUV/crossover area. Given the high resale values (and initial prices) of Acura/Lexus, I am avoiding those. I have a Mazda CX-5, so I was hoping for something a little ...
by michaeljc70
Thu Jan 17, 2019 1:52 pm
Forum: Investing - Theory, News & General
Topic: How to avoid temptation to buy hot stocks or bitcoin?
Replies: 63
Views: 4182

Re: How to avoid temptation to buy hot stocks or bitcoin?

I think you need to look at the purpose of gambling vs investing. Gambling has the intent that it is entertainment for most people. Most (realistic) people gambling don't expect to win over the long haul. Most people don't invest for entertainment purposes. Speculating to me is risky investing.
by michaeljc70
Thu Jan 17, 2019 11:14 am
Forum: Investing - Theory, News & General
Topic: How to avoid temptation to buy hot stocks or bitcoin?
Replies: 63
Views: 4182

Re: How to avoid temptation to buy hot stocks or bitcoin?

investing and gambling are synonymous. I [invested / gambled] on this house I [invested / gambled] on this index fund I [invested / gambled] on buying a business when people here say "gamble" , it is uniformly part of a rationalization. So you truly think there is no way to discern risk? Then I ass...
by michaeljc70
Thu Jan 17, 2019 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Accountant or do it myself?
Replies: 8
Views: 1031

Re: Accountant or do it myself?

What about the accounting for the business? To be honest, I have a background in accounting and I would probably do it myself, but it seems like a lot to take on for someone if they haven't done all (or at least some) of this before. You've got personal and business tax returns, the accounting for ...
by michaeljc70
Wed Jan 16, 2019 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant or do it myself?
Replies: 8
Views: 1031

Re: Accountant or do it myself?

What about the accounting for the business? To be honest, I have a background in accounting and I would probably do it myself, but it seems like a lot to take on for someone if they haven't done all (or at least some) of this before. You've got personal and business tax returns, the accounting for t...
by michaeljc70
Wed Jan 16, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Tax prep software with direct input to forms rather than hand holding?
Replies: 12
Views: 946

Re: Tax prep software with direct input to forms rather than hand holding?

I have to efile my state taxes this year due to a credit I claim . Anyway I usually use frefilefillable forms for my federal taxes as I much prefer to directly input into the forms rather than the usual interview hand holding style tax prep software. But freefilefillable forms won't do for efile as...
by michaeljc70
Tue Jan 15, 2019 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: A co-worker makes more than me
Replies: 77
Views: 6490

Re: A co-worker makes more than me

I would say there are many reasons they might make more. Degree? Better School? Maybe they made more at last company and were offered more to join this company. Maybe they do better work even though it is the same job. Maybe they like them more. Maybe they are closer to the boss/mgmt. Maybe they thr...
by michaeljc70
Tue Jan 15, 2019 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Change my mind - Lease > Buy New Car
Replies: 23
Views: 1933

Re: Change my mind - Lease > Buy New Car

greg24 wrote:
Tue Jan 15, 2019 11:06 am
They aren't giving you a better discount off MSRP because they think they can get you to lease
+1

Maybe try using Costco buying or some other buying service and see what price they give you. They will be on the higher side, but it gives you an idea on discounts when buying and a starting point.
by michaeljc70
Tue Jan 15, 2019 10:17 pm
Forum: Personal Consumer Issues
Topic: Website/Tool for HOA
Replies: 16
Views: 1096

Re: Website/Tool for HOA

We have a management company that handles all that. We are only 35 units. We pay them $15k a year, but no one has to do the accounting, collect the money, deal directly with issues, getting quotes for fixing things, etc. At around $35/mo/unit I think it is worth it. We have to beg people to serve on...
by michaeljc70
Tue Jan 15, 2019 6:35 pm
Forum: Investing - Theory, News & General
Topic: How to avoid temptation to buy hot stocks or bitcoin?
Replies: 63
Views: 4182

Re: How to avoid temptation to buy hot stocks or bitcoin?

I am not so sure about the strategy of being burned working. Most people buy a bunch of hot stocks (or whatever) and some win and some lose. The winners can keep you going for a long time and you can downplay the losers (common phrase- you cannot win them all). If everyone you buy is a big loser, I ...
by michaeljc70
Tue Jan 15, 2019 4:15 pm
Forum: Personal Consumer Issues
Topic: Any good reason to get a smartwatch?
Replies: 82
Views: 3003

Re: Any good reason to get a smartwatch?

Everyone I know with one of these is constantly walking around with a useless paperweight on their wrist because they forgot to charge it. I hope these friends aren't also responsible for feeding small children and pets on a scheduled basis. :) Seriously - I've never had my Apple Watch run out of b...
by michaeljc70
Tue Jan 15, 2019 4:07 pm
Forum: Personal Consumer Issues
Topic: Any good reason to get a smartwatch?
Replies: 82
Views: 3003

Re: Any good reason to get a smartwatch?

I like mine (Asus Zenwatch-refurb on Amazon for $75). To be honest, I don't use/need a lot of the functionality. I like being able to change the face and use the app to make my own watch faces. I have a few nicer watches (Tag) and now wear the smart watch almost all the time. The big negative is it ...
by michaeljc70
Tue Jan 15, 2019 12:55 pm
Forum: Investing - Theory, News & General
Topic: How to avoid temptation to buy hot stocks or bitcoin?
Replies: 63
Views: 4182

Re: How to avoid temptation to buy hot stocks or bitcoin?

Go to a simple (3 or 4 fund) index portfolio and don't buy anything else. That is what I did. It works. It isn't that hard. I've bought all kinds of things over the years: stocks, options, individual distressed bonds, leveraged ETFs, etc. I did very well on some, horrible on other things. The 3 fund...
by michaeljc70
Tue Jan 15, 2019 12:34 pm
Forum: Personal Consumer Issues
Topic: Duffel Bag vs Wheeled Stand Up traveling
Replies: 78
Views: 3679

Re: Duffel Bag vs Wheeled Stand Up traveling

Are we comparing apples to apples on fitting a duffel in an overhead bin? It seems to me if you have a carry on size duffle stuffed full, it isn't that much more malleable than a wheeled carry on. Sure, if it is smaller it is easier to fit. If it is not full it has give which a wheeled carry-on does...
by michaeljc70
Tue Jan 15, 2019 11:49 am
Forum: Personal Consumer Issues
Topic: Gas station prices and quality
Replies: 75
Views: 7204

Re: Gas station prices and quality

I typically buy at Costco. Even if there is a "better" gas is the difference really substantial? I doubt it for a normal car. In Chicago there are big differences in price. I bought gas last week for $2.01 and saw it a couple miles away for $3.29. It is location based more than brand based I would s...
by michaeljc70
Tue Jan 15, 2019 11:39 am
Forum: Personal Finance (Not Investing)
Topic: What's your experience upgrading to Quicken 2018 or 2019?
Replies: 41
Views: 2137

Re: What's your experience upgrading to Quicken 2018 or 2019?

That, and in other threads, folks talk about creating and maintaining complex Excel files to avoid using, and paying for, Quicken's electronic functionality. False economy. Do I get a dollar a day in value from Quicken? Yes. And I literally download daily, with a couple of keystrokes. Everyone's si...
by michaeljc70
Mon Jan 14, 2019 5:52 pm
Forum: Personal Consumer Issues
Topic: Credit score dropped dramatically, while credit has been frozen
Replies: 28
Views: 1499

Re: Credit score dropped dramatically, while credit has been frozen

Couple keypoints: - There are three credit bureaus -- Experian, Equifax, and Transunion. FICO has numerous versions of its scoring model. Unless you are comparing apples to apples (same bureau + same version), then it's impossible to know if your score really has dropped "dramatically" - Someone re...
by michaeljc70
Mon Jan 14, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Took on too much mortgage, seeking advice on where to put money going forward
Replies: 46
Views: 5162

Re: Took on too much mortgage, seeking advice on where to put money going forward

I think you are just fine as is. You did overbuy, but that is the past. If it is a rapidly appreciating area, that can help you get rid of PMI (this might vary by mortgage holder). I agree with the comment on buying for 3 or 5 years. Sunken costs make this not practical generally. That is something ...
by michaeljc70
Mon Jan 14, 2019 5:14 pm
Forum: Personal Consumer Issues
Topic: Credit score dropped dramatically, while credit has been frozen
Replies: 28
Views: 1499

Re: Credit score dropped dramatically, while credit has been frozen

As others indicated, if there has not been adverse credit information added, it is probably due to a different scoring model or different bureau. My scores range from 813 to 846 based on the free scores I have access to. There could also be minor credit differences with things dropping off your cred...
by michaeljc70
Mon Jan 14, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: What's your experience upgrading to Quicken 2018 or 2019?
Replies: 41
Views: 2137

Re: What's your experience upgrading to Quicken 2018 or 2019?

The idea that I need to subscribe in order to get a stable version of Quicken after buying Quicken for decades is pretty sad. I have 2017 and will reevaluate what to do when it stops downloading in 15 months. Frankly, I haven't seen useful (to me), substantial new feature for probably a decade or mo...
by michaeljc70
Mon Jan 14, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 160
Views: 8281

Re: Getting a Mortgage when You can Pay Cash for a House

I paid cash for my place and then took a 3.3% 15 year mortgage. Mostly I needed some money for remodeling and some for EF and some in case of a cash flow issue. I took around 60% of the value of the home. I invested some of the mortgage money. If rates were a lot higher, I probably wouldn't have tak...
by michaeljc70
Mon Jan 14, 2019 12:13 pm
Forum: Personal Consumer Issues
Topic: Duffel Bag vs Wheeled Stand Up traveling
Replies: 78
Views: 3679

Re: Duffel Bag vs Wheeled Stand Up traveling

2018: 100,000 miles, 80 flights, 20 cities. If it doesn't roll - or attach to something that does - it stays home. Exactly. How many of the people who are carrying a bunch of stuff on their shoulders are over 40? Or women? Or fly more than 100k? I suspect very few. I'm a woman. Not quite 40 but ass...
by michaeljc70
Sun Jan 13, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated tax penalty exceptions [ACA premium underpayment penalty]
Replies: 24
Views: 1254

Re: Estimated tax penalty exceptions

I haven't been hit with any underpayment penalty or interest, but I have been in a similar situation as you with regard to a large cap gains distribution at the end of the year erasing the ACA premium subsidy I got during the year. As I mentioned in a recent thread, Form 2210 doesn't help me make m...
by michaeljc70
Sun Jan 13, 2019 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated tax penalty exceptions [ACA premium underpayment penalty]
Replies: 24
Views: 1254

Re: Estimated tax penalty exceptions

I just realized that IRS hit me with a nice penalty for not paying enough estimated taxes during 2017. I didn't think I had to pay the penalty, because on 27th of December I received a large Capital Gains Distribution from a mutual fund. This additional income disqualified me from keeping Obamacare...
by michaeljc70
Sun Jan 13, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Estimated tax penalty exceptions [ACA premium underpayment penalty]
Replies: 24
Views: 1254

Re: Estimated tax penalty exceptions

I just realized that IRS hit me with a nice penalty for not paying enough estimated taxes during 2017. I didn't think I had to pay the penalty, because on 27th of December I received a large Capital Gains Distribution from a mutual fund. This additional income disqualified me from keeping Obamacare...
by michaeljc70
Sun Jan 13, 2019 11:43 am
Forum: Personal Consumer Issues
Topic: 15 full days in Costa Rica
Replies: 25
Views: 1828

Re: 15 full days in Costa Rica

Though I drove around in Costa Rica and would do so again, the roads are not the best like the comment above indicated. When I see 60 miles in the US, I think it will take 60 or 90 minutes. In Costa Rica, it can be 6 hours. Some of the roads get washed out frequently. Going around the mountains was ...
by michaeljc70
Sat Jan 12, 2019 10:11 pm
Forum: Personal Consumer Issues
Topic: ROI calc on grocery expenses
Replies: 29
Views: 1867

Re: ROI calc on grocery expenses

I read it is already sold out, so no need to calculate ROI unless you've bought already. Since people rave about their return policy, I am wondering if in 20 years you haven't needed it if you can return it. Though I've never tried any of it, I have to imagine all that emergency food that last for a...
by michaeljc70
Sat Jan 12, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated tax penalty exceptions [ACA premium underpayment penalty]
Replies: 24
Views: 1254

Re: Estimated tax penalty exceptions

As indicated above, doing the AI schedule on form 2210 should help. It shouldn't be a surprise if you are expecting it again this year. I'd suggest not taking the PTC if you aren't sure you can qualify. You can get it when you file your taxes if you do qualify. The other thing you can do, and this i...
by michaeljc70
Sat Jan 12, 2019 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Question During Job Interview
Replies: 17
Views: 2271

Re: Salary Question During Job Interview

I don't like to waste my time so I try to give or get an indication before I even interview. If I have to take a day off work or leave early/come in late I don't want to waste my time. If it is a local interview and not a big deal, maybe I'd wait until the second interview. I do this by asking if th...
by michaeljc70
Sat Jan 12, 2019 2:39 pm
Forum: Personal Consumer Issues
Topic: Preventative home & auto checks
Replies: 30
Views: 2160

Re: Preventative home & auto checks

Some more tips; 1) If you do not have the owner's manual for something you can likely find it at the manufacturer's web site or by Googling the model number. 2) If you are not sure of the age of something there is likely a label with the serial number, model number, and manufacture date. You can ta...
by michaeljc70
Sat Jan 12, 2019 1:55 pm
Forum: Personal Consumer Issues
Topic: Preventative home & auto checks
Replies: 30
Views: 2160

Re: Preventative home & auto checks

I won't duplicate things I've already seen. I'll add flush the hot water tank annually. It gets rid of sediment and I do believe it extends the life.
by michaeljc70
Sat Jan 12, 2019 1:48 pm
Forum: Personal Consumer Issues
Topic: Duffel Bag vs Wheeled Stand Up traveling
Replies: 78
Views: 3679

Re: Duffel Bag vs Wheeled Stand Up traveling

A duffel bag or frameless backup will hold more than a wheeled bag of the same size. Some people love them as they can move quickly and don't have to contend with uneven sidewalks, moving through a crowd, impediments on the ground, etc. I think if you are a light packer and somewhat fit, it isn't a ...
by michaeljc70
Sat Jan 12, 2019 1:43 pm
Forum: Personal Consumer Issues
Topic: Duffel Bag vs Wheeled Stand Up traveling
Replies: 78
Views: 3679

Re: Duffel Bag vs Wheeled Stand Up traveling

Talking to a guy who commutes to Asia multiple times a month for work. He said something that caught my attention. He said that die hard commuters are starting to trend towards duffel bags and look at traditional carryons as "stone age". Has anyone seen any validity to this? I stopped using my whee...
by michaeljc70
Sat Jan 12, 2019 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can hsa funds be use to pay for medical expenses incurred during the years that I have non-hsa insurance?
Replies: 2
Views: 542

Re: Can hsa funds be use to pay for medical expenses incurred during the years that I have non-hsa insurance?

Sure. I've had one for many years and never spent a penny of it. I haven't had an actual HSA plan for years either. I plan on using the HSA $$$ in retirement for healthcare costs. I prefer to let it grow tax free until then. It is invested in a Vanguard fund.
by michaeljc70
Sat Jan 12, 2019 1:13 pm
Forum: Personal Consumer Issues
Topic: Anyone raised 3 kids WITHOUT buying a 3-row vehicle?
Replies: 82
Views: 5496

Re: Anyone raised 3 kids WITHOUT buying a 3-row vehicle?

I had a friend that had a Traverse with 2 captains seats for the 2nd row. If you really don't want a minivan or an SUV where you have to flip seats, there may be a few options of SUVs with captains seats. The Traverse fit 7 of us when I rode in it. Whenever I ride in a 3 row SUV where you have to ma...
by michaeljc70
Fri Jan 11, 2019 7:18 pm
Forum: Personal Consumer Issues
Topic: Dental work - possibly going elsewhere
Replies: 17
Views: 1280

Re: Dental work - possibly going elsewhere

I have a "Proposed Treatment Plan" detailing the work (not complicated, 2 filing, resin, teeth 30,31) and a price of $325. My question is can I have this done elsewhere easily without getting a new exam, x-rays, etc? There was a another practice I went to in the last 2 years that has x-rays and I t...
by michaeljc70
Fri Jan 11, 2019 3:31 pm
Forum: Personal Consumer Issues
Topic: Dental work - possibly going elsewhere
Replies: 17
Views: 1280

Re: Dental work - possibly going elsewhere

If the dentist practices in multiple offices (different days) you might try calling one of his alternative offices and see if you could be seen there earliar. In my area a number of dentists seem to split office locations. Dr Brown is in one location Monday and Tuesday but she's in an office in ano...
by michaeljc70
Fri Jan 11, 2019 3:04 pm
Forum: Investing - Theory, News & General
Topic: BHers, what is your Roth IRA %?
Replies: 113
Views: 5242

Re: BHers, what is your Roth IRA %?

I'm 41 years old. There's seldom been a year where the additional tax deduction for 401k/IRA would not have come in handy. Roth IRA, Roth 401(k) & HSA = 5% Traditional IRA, 401(k), 403(b), etc. = 90% Taxable = 5% Of course, if there's a way to lower your taxes, that sounds good. But are you aware t...
by michaeljc70
Fri Jan 11, 2019 1:07 pm
Forum: Investing - Theory, News & General
Topic: Talk me out of a 60/40 AA
Replies: 102
Views: 13972

Re: Talk me out of a 60/40 AA

In the last 87 years, someone posted it recently on some forums, max loss for 50/50 in some years was 22.50%, I’m comfortable with that loss. While for 60/40, max loss is 33.60%, which I’m not comfortable with. But most years have gains, not losses. You also have to be comfortable with lower gains ...
by michaeljc70
Thu Jan 10, 2019 7:42 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9672

Re: Disciplined with finances, but not so with diet

I have nothing really to add to the good advice you've already received. One thing I heard that has motivated me is someone that said people think "I only gained 2 or 5 pounds this year...no big deal." Well, over 20 years that is 40 or 100 pounds!
by michaeljc70
Thu Jan 10, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Building Wealth Through Home Equity--Myth or Reality?
Replies: 94
Views: 6060

Re: Building Wealth Through Home Equity--Myth or Reality?

The premise seems to be that most Americans acquire the majority of their wealth through home ownership. The median US household value of all financial accounts (retirement and non-retirement) is around $16,000. So it is not surprising that household wealth is in home equity for most, given that ev...
by michaeljc70
Thu Jan 10, 2019 6:58 pm
Forum: Personal Consumer Issues
Topic: master suite features for addition
Replies: 66
Views: 3377

Re: master suite features for addition

I would put a washer and dryer inside the master walk-in closet, along with an ample table to fold things when they come out of the dryer. You could do a Murphy-style table if you didn't want it out all the time. This would be in addition to a laundry room elsewhere in the house. Why go to the expe...
by michaeljc70
Thu Jan 10, 2019 6:25 pm
Forum: Investing - Theory, News & General
Topic: BHers, what is your Roth IRA %?
Replies: 113
Views: 5242

Re: BHers, what is your Roth IRA %?

My portfolio breakdown is:

67% tIRA
15% taxable
9% HSA (invested, never used)
9% Roth

I'm hoping to do some conversions to Roth during early retirement. Though I don't have any regrets as I don't think my marginal retirement tax rate will be higher than my marginal working tax rate.
by michaeljc70
Thu Jan 10, 2019 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off a 30 year mortgage in 15 years? The cost of flexibility
Replies: 76
Views: 7233

Re: Pay off a 30 year mortgage in 15 years? The cost of flexibility

If there wasn't a cost of flexibility, everyone would take a 30 year. In my opinion, unless you are starting out with a first home and things are tight, if you need that flexibility maybe you are overbuying. I'm happy with my 15 year 3.4% loan. I also think there has to be some behavioral science re...
by michaeljc70
Thu Jan 10, 2019 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Building Wealth Through Home Equity--Myth or Reality?
Replies: 94
Views: 6060

Re: Building Wealth Through Home Equity--Myth or Reality?

Of course that is reality. Most people have no other savings or real assets. If 40% of Americans cannot handle a $400 emergency..... Bogleheads are exceptional savers (and on average earners too).
by michaeljc70
Thu Jan 10, 2019 6:01 pm
Forum: Personal Consumer Issues
Topic: Dental work - possibly going elsewhere
Replies: 17
Views: 1280

Dental work - possibly going elsewhere

I'm going to try and keep this short. Basically, I went to the dentist because I thought I lost part of a filling and food was getting stuck in between (or in) 2 teeth. I had to wait 3 weeks to get in. It turned out to be a cavity between two teeth. The dentist said I should not wait long on this, a...
by michaeljc70
Thu Jan 10, 2019 4:37 pm
Forum: Investing - Theory, News & General
Topic: Talk me out of a 60/40 AA
Replies: 102
Views: 13972

Re: Talk me out of a 60/40 AA

Because nobody knows nothing, I’m in the 50/50 camp. You can’t go wrong, half in and half out. How’s that for an argument? I know that stocks have outperformed bonds over the long haul..... Since the 1920s, only during two decades (the 1930s and the 2000s) did bonds outperform stocks. And even then...