Search found 160 matches

by scorcher31
Thu Sep 19, 2019 8:18 am
Forum: Personal Consumer Issues
Topic: Home energy/electricity monitoring?
Replies: 56
Views: 2824

Re: Home energy/electricity monitoring?

So just for comparison sake we used about 890 KW in August in NJ. We have a gas (stove, hot water heater and dryer) and all LED lights and LED TVs. Our house is only 2200 square foot. So to me your usage seems fine. Wall AC units aren't that efficient and it's been pretty warm recently so your usage...
by scorcher31
Tue Aug 13, 2019 9:28 pm
Forum: Personal Consumer Issues
Topic: Is this 25% savings?
Replies: 67
Views: 5055

Re: Is this 25% savings?

I agree with whoever said to ask them what would the discount be if it was still $200 normally, but early registration was only $100. The right answer is 50% off which would be equivalent to your 20% off in the real life scenario. The people that are currently claiming the real scenario is 25% off w...
by scorcher31
Sun Aug 11, 2019 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: How should my Spouse and I handle a $300,000 Settlement?
Replies: 119
Views: 7144

Re: How should my Spouse and I handle a $300,000 Settlement?

As others have said the car loans are both too much. With that said I would personally pay off both car loans, student debt and if you can get the mortgage down to no PMI go for it. I would put another 20k in my savings for emergencies. I would use whatever is left to fund ira/401k and then taxable....
by scorcher31
Sat Aug 03, 2019 9:33 pm
Forum: Personal Consumer Issues
Topic: Day care vs nanny for child care
Replies: 62
Views: 3486

Re: Day care vs nanny for child care

One thing I didn't mention in my other post that you need to consider is schedule convenience. When your child gets sick they may not be able to go to daycare for a couple of days. Can you or your wife call off or get someone to watch your child last minute. If that is too hard a nanny might be bett...
by scorcher31
Sat Aug 03, 2019 9:12 pm
Forum: Personal Consumer Issues
Topic: Day care vs nanny for child care
Replies: 62
Views: 3486

Re: Day care vs nanny for child care

This is a definitely a very family specific decision and there is no wrong answer here. Our child has been in daycare from about 5 months old until the present and appears to love it. For us daycare offers her more diversity of play and activities than she would get with us or with a nanny. It's als...
by scorcher31
Thu Aug 01, 2019 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance with 15 or 16 year old driver in house
Replies: 8
Views: 1062

Re: Umbrella Insurance with 15 or 16 year old driver in house

I plan on just getting my child/young adult their own policy and car in their own name. That would help insulate us from their liability at least once they are 18. You can't get a license in our state until 17.
by scorcher31
Sun Jul 28, 2019 8:59 pm
Forum: Personal Investments
Topic: Laid Off - Want to Retire / Am I OK
Replies: 145
Views: 19040

Re: Laid Off - Want to Retire / Am I OK

In the event you seriously have doubts about retiring, I'll be more serious. Your expenses are 145k including a mortgage which is presumably a good chunk your your expenses. You are making 130k a year in dividends. Likely your social security and dividends will cover these expenses including health ...
by scorcher31
Sun Jul 28, 2019 8:48 pm
Forum: Personal Investments
Topic: Laid Off - Want to Retire / Am I OK
Replies: 145
Views: 19040

Re: Laid Off - Want to Retire / Am I OK

6 million will probably be like 2 million when you hit your 80's, and we all know a million today isn't even close to what a million used to be. Plus LTC costs are going through the roof, heck you might run out of money and need to get transferred to a *shudder* medicaid nursing home. I would say wo...
by scorcher31
Sat Jul 20, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Should relative incomes be a factor in wedding gift?
Replies: 107
Views: 6684

Re: Should relative incomes be a factor in wedding gift?

In every wedding we have been to wedding showers were for registry gifts and cash was for the reception. At our wedding we received registry items at our shower and cash from all but 1 couple at the reception. It was a rather large wedding and we made no specific requests for cash at the reception ...
by scorcher31
Sat Jul 20, 2019 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Should relative incomes be a factor in wedding gift?
Replies: 107
Views: 6684

Re: Should relative incomes be a factor in wedding gift?

In every wedding we have been to wedding showers were for registry gifts and cash was for the reception. At our wedding we received registry items at our shower and cash from all but 1 couple at the reception. It was a rather large wedding and we made no specific requests for cash at the reception s...
by scorcher31
Sat Jul 13, 2019 4:17 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 29326

Re: Americans believe they need $1.7 million, on average, to retire

“Two Million Dollars is Nothing. It’s Pennies,” says Suze Orman. context is the fire community. I'm looking for the loco emoji https://affordanything.com/two-million-dollars-is-nothing-its-pennies-says-suze-orman/ “But if you only have a few hundred thousand dollars, or a million, or $2 million, I’...
by scorcher31
Sat Jul 13, 2019 12:50 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 29326

Re: Americans believe they need $1.7 million, on average, to retire

“Two Million Dollars is Nothing. It’s Pennies,” says Suze Orman. context is the fire community. I'm looking for the loco emoji https://affordanything.com/two-million-dollars-is-nothing-its-pennies-says-suze-orman/ “But if you only have a few hundred thousand dollars, or a million, or $2 million, I’...
by scorcher31
Sat Jul 13, 2019 12:39 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 29326

Re: Americans believe they need $1.7 million, on average, to retire

Yeah actually I was going to say we live in a HCOL area (not VHCOL), and if I don't include my Mortgage, daycare, savings, and income/payroll tax (all gone in retirement) only spend about 40k-45k per year. We stay at nice hotels, like nice wine and whiskey, I consider everything pretty cushy. BTW, ...
by scorcher31
Sat Jul 13, 2019 12:24 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 29326

Re: Americans believe they need $1.7 million, on average, to retire

1,000 people is a more than substantial sample size. But what does the sample represent? It represents people that are invested. That by itself probably means that the representative sample is one for the top 50th percentile of Americans. I think the sample and the data is fine. I think the conclus...
by scorcher31
Fri Jul 12, 2019 5:17 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 29326

Re: Americans believe they need $1.7 million, on average, to retire

Justin at www.rootofgood.com has three children, and they have spent under $40k annually for the last six years or so. He's a FIRE guy. And they do quite a lot of traveling too. Having no mortgage and getting ACA insurance are big helps to them. Yeah actually I was going to say we live in a HCOL ar...
by scorcher31
Fri Jul 12, 2019 6:52 am
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 29326

Re: Americans believe they need $1.7 million, on average, to retire

I also think in many MCOL areas if you have a paid off mortgage, cars and debt (which most peopel don't), 68k gives you a pretty luxurious life provided you are getting medicare or ACA. Justin at www.rootofgood.com has three children, and they have spent under $40k annually for the last six years o...
by scorcher31
Thu Jul 11, 2019 9:40 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 29326

Re: Americans believe they need $1.7 million, on average, to retire

I also think in many MCOL areas if you have a paid off mortgage, cars and debt (which most peopel don't), 68k gives you a pretty luxurious life provided you are getting medicare or ACA. Justin at www.rootofgood.com has three children, and they have spent under $40k annually for the last six years o...
by scorcher31
Thu Jul 11, 2019 9:24 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 29326

Re: Americans believe they need $1.7 million, on average, to retire

It's totally laughable. People could retire on much less or much more. Depends on when you retire (for me, 55), your expenses, other sources of income (no pensions in our household) and cost for medical (~$20K+ for us yearly) through age 65. $1.7M for many is not unrealistic or excessive whatsoever...
by scorcher31
Sun Jul 07, 2019 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: quit second job?
Replies: 14
Views: 1749

Re: quit second job?

Your overall net worth is great. With about 2.3 million invested, you could probably not invest another cent just let what you have grow, retire at 65 and have a pretty darn nice retirement. I would probably drop down to 1 job as well. I don't know much about real estate but 2k/month net doesn't rea...
by scorcher31
Thu Jul 04, 2019 7:04 am
Forum: Personal Consumer Issues
Topic: Parents got ripped off, what can I do about it?
Replies: 75
Views: 7121

Re: Parents got ripped off, what can I do about it?

Jiffy Lube charged me $60 to change my oil and filter. I could have done it myself for $15. Did I get ripped off?? No, because I agreed to their service AND fee in advance. I would rather sit in their air-conditioned waiting room for 30 minutes instead of laying under my truck for an hour. I don’t ...
by scorcher31
Wed Jul 03, 2019 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Big Hospital Bill - Any way to negotiate ?
Replies: 130
Views: 8342

Re: Big Hospital Bill - Anyway to negociate ?

I was under the impression that their contract with the insurance company usually forbids them to negotiate on the reduced insurance rate. I was told same thing by an executive at our hospital. I commented that I negotiated a discount on my prior stay. She confirmed that it was a newer policy/ regu...
by scorcher31
Wed Jul 03, 2019 10:40 pm
Forum: Personal Consumer Issues
Topic: Parents got ripped off, what can I do about it?
Replies: 75
Views: 7121

Re: Parents got ripped off, what can I do about it?

I won't argue on the phrase ripped off as it is pretty widely used now a days. Heck I would say the cable company rips me off by raising my rate and forcing me to switch back and forth to get a better rate. It doesn't mean they are doing anything really wrong as I continue to pay it, but that I feel...
by scorcher31
Wed Jul 03, 2019 8:16 pm
Forum: Personal Consumer Issues
Topic: Shower room with Window but no Exhaust Fan: Mildew Prevention
Replies: 34
Views: 2591

Re: Shower room with Window but no Exhaust Fan: Mildew Prevention

By the way there are more premium wall paints now even from box store brands like Behr that are much more stain resistant. On top of that, more glossy finishes (satin, semi gloss, etc) also handle moisture better in a bathroom. I believe this might be what makes the difference for us in conjunction ...
by scorcher31
Wed Jul 03, 2019 8:05 pm
Forum: Personal Consumer Issues
Topic: Shower room with Window but no Exhaust Fan: Mildew Prevention
Replies: 34
Views: 2591

Re: Shower room with Window but no Exhaust Fan: Mildew Prevention

We have no vent in our bathrooms either. Our master has a normal/small sized bathroom. Our home humidity is always generally 50% or lower so that may be a factor as well. I just leave the door to the bathroom open while I shower and afterwards. The humidity almost immediately dissipates after the sh...
by scorcher31
Tue Jul 02, 2019 10:20 pm
Forum: Personal Investments
Topic: Teacher Looking To Stop 403b Contributions
Replies: 46
Views: 3015

Re: Teacher Looking To Stop 403b Contributions

There is nothing wrong with stopping putting money in you 403b as the investments aren't quite as good and putting new money in a taxable, especially if the overall fees are less or comparable. Just make sure you aren't losing out on any employer match. This would help you to decrease RMD but high t...
by scorcher31
Tue Jul 02, 2019 9:20 pm
Forum: Personal Investments
Topic: Teacher Looking To Stop 403b Contributions
Replies: 46
Views: 3015

Re: Teacher Looking To Stop 403b Contributions

I'm going to be honest where I grew up 90K was principal salary, to me that is a fantastic teacher salary. So first off you guys seem like you are doing great! You have over a million in invested assets at 43 and will get a pension and social security. You are saving more than 25% of your gross inco...
by scorcher31
Thu Jun 27, 2019 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: NJ PIP on auto insurance?
Replies: 5
Views: 412

Re: NJ PIP on auto insurance?

The only thing I can find in writing in my policy discusses Coordination with other plans: "(When there is more than one health plan paying benefits, these benefits must be coordinated. The following information explains how benefits are coordinated with other plans that cover you and your family me...
by scorcher31
Thu Jun 27, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: NJ PIP on auto insurance?
Replies: 5
Views: 412

Re: NJ PIP on auto insurance?

Thank your both for the info. I wonder what happens if you accidentally select medicare as the primary and then get in an accident where it can't be used as the primary. It sort of looks like (based on the second link) there would just be a 750 dollar fee which again is not a big deal to me. I'm not...
by scorcher31
Thu Jun 27, 2019 6:45 am
Forum: Personal Finance (Not Investing)
Topic: NJ PIP on auto insurance?
Replies: 5
Views: 412

NJ PIP on auto insurance?

In NJ, everyone has to have PIP on their auto insurance. To my understanding you can pick your health insurance or your auto insurance to cover you first (primary) if involved in a MVA. It's significantly more expensive on your auto policy to have your your auto insurance act as your primary. I have...
by scorcher31
Tue Jun 25, 2019 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Triage in ER - charged $790
Replies: 60
Views: 4652

Re: Triage in ER - charged $790

I recently had a small emergency that took me to the ER, after a long business trip. I had to wait about 15 minutes before getting treated. I was swarmed by a team of doctors. They did a battery of tests, including chest x-rays, blood tests, and a heart scan. All of the results were done on the spo...
by scorcher31
Mon Jun 24, 2019 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Triage in ER - charged $790
Replies: 60
Views: 4652

Re: Triage in ER - charged $790

You can request a statement but that is likely a facility fee. As others have said, it's use of room, available equipment/staff, etc. In this situations I highly doubt you were billed by a physician as your fees would have been much higher. You also will probably get less sympathy from the hospital ...
by scorcher31
Wed Jun 19, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: How to ensure POA is acting in best interest of grantor?
Replies: 65
Views: 4019

Re: How to ensure POA is acting in best interest of grantor?

It's odd to me that a document like this exists, but i concede your totally right. Thanks you for the education. My parent's POA for medical and financial only go into effect when they are unable to make their own decisions and I figure it was just standard. In the hospital, the medical poa/healthca...
by scorcher31
Wed Jun 19, 2019 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: How to ensure POA is acting in best interest of grantor?
Replies: 65
Views: 4019

Re: How to ensure POA is acting in best interest of grantor?

Please correct me if I'm wrong, but a durable POA doesn't usually have the ability to do anything until you are declared to lack that capacity officially. If I'm 20 y/old and cog intact, I can declare my neighbor durable POA, but they can't actually do anything legally while I still can make decisio...
by scorcher31
Thu Jun 06, 2019 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions on fraudulent medical bill
Replies: 88
Views: 6442

Re: Suggestions on fraudulent medical bill

If you were truly not seen/examined by anyone other than an ED physician before the hospitalist strolled in, then yes, the hospitalist should not be mooching off the ED doc’s work and billing an inpatient admit code. You’ve done what you could. If you’re not paying out of pocket, let it go. You’ve ...
by scorcher31
Thu Jun 06, 2019 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions on fraudulent medical bill
Replies: 88
Views: 6442

Re: Suggestions on fraudulent medical bill

If a resident physician saw you or if the NP/PA was for the hospitalist group then it's fine. If as you said the NP was for the ER doc then you are right technically it's not ok. It's a bit odd that the ED NP and the ED doc would both see you and examine you...are you sure it was not the hospitalis...
by scorcher31
Thu Jun 06, 2019 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions on fraudulent medical bill
Replies: 88
Views: 6442

Re: Suggestions on fraudulent medical bill

I would just move on from this. Most of U.S. healthcare is fraudulent and expensive. I'm staying as healthy as possible to stay away. US healthcare is expensive, but there are problems with healthcare everywhere and no system is perfect. The vast majority of doctors care about their patients whethe...
by scorcher31
Thu Jun 06, 2019 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions on fraudulent medical bill
Replies: 88
Views: 6442

Re: Suggestions on fraudulent medical bill

This is why insurance companies and CMS audit physicians. Report it to your insurer. As I said previously, probably can't have anything done to your bill but they can track-and-trend or use secret shoppers to see if the physician is upcoding. At the end of the day, my advise is the same as southerd...
by scorcher31
Thu Jun 06, 2019 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions on fraudulent medical bill
Replies: 88
Views: 6442

Re: Suggestions on fraudulent medical bill

https://emuniversity.com/Page3.html Level 2 hospital H&P requires comprehensive exam. That can’t be done from across the room. I would challenge this. Really! He has already appealed once and they rejected his appeal. This is for $72 . Pay it and move on. You are wrong. A physical exam cannot be do...
by scorcher31
Thu Jun 06, 2019 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions on fraudulent medical bill
Replies: 88
Views: 6442

Re: Suggestions on fraudulent medical bill

https://emuniversity.com/Page3.html Level 2 hospital H&P requires comprehensive exam. That can’t be done from across the room. I would challenge this. Really! He has already appealed once and they rejected his appeal. This is for $72 . Pay it and move on. You are wrong. A physical exam cannot be do...
by scorcher31
Thu Jun 06, 2019 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions on fraudulent medical bill
Replies: 88
Views: 6442

Re: Suggestions on fraudulent medical bill

I'll add one more thing: I've tried to stay away from using the term fraud. Fraud goes way beyond noncompliance. I've used the term "compliance". Fraud requires intentional misrepresentation in order to trick someone. Noncompliance means someone is not following the rules...a non-trivial difference...
by scorcher31
Wed Jun 05, 2019 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions on fraudulent medical bill
Replies: 88
Views: 6442

Re: Suggestions on fraudulent medical bill

So what code do you propose for the Dr's visit and review of your file, which doesn't have to be in the room with you? I would call it a moot point since not doing ANY exam, much less a comprehensive exam, does not meet Level 2 criteria. I don’t care how much time was out of the room writing orders...
by scorcher31
Wed Jun 05, 2019 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions on fraudulent medical bill
Replies: 88
Views: 6442

Re: Suggestions on fraudulent medical bill

BTW the hospitalist service can typically only bill once per day. So if he saw you at 2 AM and then his partner saw you at 2PM the same day and you were only billed once by him this is also fine. I know you said next day, but seem people would think of that as next day when it's really the same day.
by scorcher31
Wed Jun 05, 2019 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions on fraudulent medical bill
Replies: 88
Views: 6442

Re: Suggestions on fraudulent medical bill

If a resident physician saw you or if the NP/PA was for the hospitalist group then it's fine. If as you said the NP was for the ER doc then you are right technically it's not ok. It's a bit odd that the ED NP and the ED doc would both see you and examine you...are you sure it was not the hospitalist...
by scorcher31
Wed May 29, 2019 9:26 pm
Forum: Personal Consumer Issues
Topic: $3k for teen club soccer
Replies: 104
Views: 7604

Re: $3k for teen club soccer

Are there really travel teams for things like basketball and football? Most college players seem to be scouted from their high school still to my understanding
by scorcher31
Wed May 29, 2019 9:21 pm
Forum: Personal Consumer Issues
Topic: $3k for teen club soccer
Replies: 104
Views: 7604

Re: $3k for teen club soccer

Where I grew up there were no travel leagues. You played a rec league which was cheap until about middle school age when the you played on the school team and the recc leagues disappeared. You pretty much played basketball, track, football, golf or baseball/softball. Nobody played or even watched so...
by scorcher31
Tue May 07, 2019 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 8393

Re: Walk away from my auto lease?

Every car company has at least 60k miles/5 yr power train warranty. Drive to the dealer and use it. If it's still under warranty, even a crappy car maker will just replace it immediately once they find it's not working. As much as I thought this was true as well, apparently in the OP's case it is n...
by scorcher31
Tue May 07, 2019 9:44 pm
Forum: Personal Consumer Issues
Topic: Goodman HVAC System
Replies: 21
Views: 2136

Re: Goodman HVAC System

So goodman is one of he cheaper systems to install. There is nothing wrong with the system if installed right, and it is one of the cheaper systems to fix as parts are widely available. The problem is you don't need to be a certified installer to install it and therefore you can get some fly by nigh...
by scorcher31
Tue May 07, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 8393

Re: Walk away from my auto lease?

I agree with what everyone else said, you don't want to walk away without permission as it will follow you. I also don't think insurance will cover this. I would recommend researching your make/model on auto sites/forums to see if it is a common problem as it may give you leverage to push it back on...
by scorcher31
Sat May 04, 2019 3:34 pm
Forum: Personal Consumer Issues
Topic: What kind of Replacement A/C would you get ??
Replies: 59
Views: 6585

Re: What kind of Replacement A/C would you get ??

I had multiple a/c guys tell me they reccomend the simple single stage systems and that's what they use in their homes. They also told me they are much cheaper to fix and last longer. I also heard it's all about the install more so than the expensive brands like Lennox and trane. So far we have been...
by scorcher31
Wed May 01, 2019 10:02 pm
Forum: Personal Consumer Issues
Topic: House A/C: repair refrigerant leak vs replace
Replies: 13
Views: 1035

Re: House A/C: repair refrigerant leak vs replace

8k isin't bad depending on the furance/ac you are getting. 4k for a condenser sounds ridiculous, they can almost replace a whole AC for that. Unless they are replacing the coil $1400 sounds quite expensive to fix the leak and replace the refrigerant as well and again a lot of the time it will keep l...