Search found 717 matches

by LarryAllen
Sun Nov 19, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 46
Views: 3051

Re: The valet smashed my Tesla into a brick wall!

I'd wait to see what the insurance company offers. You'll lose something on this as that is always the case but it's life. Good luck.
by LarryAllen
Sun Nov 19, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Collection agency calls intended for another person:
Replies: 19
Views: 664

Re: Collection agency calls intended for another person:

I agree with all of the above. Move on. I would definitely not contact the person or get involved in it. Frankly I am not even sure why you would consider this or what you think you might get out of it. The credit card fraud has nothing to do with your phone number formerly belonging to someone that...
by LarryAllen
Sat Nov 18, 2017 9:12 am
Forum: Personal Consumer Issues
Topic: Is dent repair service worth it?
Replies: 17
Views: 1412

Re: Is dent repair service worth it?

At $350 you might break even but, as someone said, will probably sell faster.

Also, as others said, I think paintless dent repair is usually cheaper than $350 in my experience. I have used them many times and been very impressed.
by LarryAllen
Fri Nov 17, 2017 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off my house. Now how to handle insurance and tax payments?
Replies: 21
Views: 1919

Re: Paid off my house. Now how to handle insurance and tax payments?

I pay homeowners monthly, by credit card, with my other insurance. I have a sub account at the credit union for the approximate tax amount to break that into 12 equal payments. Pretty simple.
by LarryAllen
Thu Nov 16, 2017 9:35 am
Forum: Personal Consumer Issues
Topic: ASUS Student Chromebook - thoughts?
Replies: 21
Views: 951

Re: ASUS Student Chromebook - thoughts?

We bought this for our son https://www.costco.com/Acer-R11-2-in-1-Chromebook---Intel-Celeron-.product.100375019.html He loves it. Its a great Chromebook and a decent size to use like a tablet. Touchscreen and folds completely. Very fast and light. Long battery life. Just a side note for anybody sho...
by LarryAllen
Mon Nov 13, 2017 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 163
Views: 12852

Re: Why pay cash for a car?

I pick the car I want first and then see what their best payment options are during negotiations. The dealer will let you know what they prefer. If I save some bucks doing their financing, whatever the rate is, I'll do it and then pay it off in a month or two. The last car we bought they asked if we...
by LarryAllen
Sun Nov 12, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Draft a will with legalzoom or other online legal help
Replies: 61
Views: 4001

Re: Draft a will with legalzoom or other online legal help

Biggest problem I have seen with Legalzoom, and similar, is people fail to execute the documents properly. This can create, and I have seen first hand, much bigger problems than just dying without a will. So, if you go the legalzoom route pay attention to their instructions for executing the documen...
by LarryAllen
Sun Nov 12, 2017 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Working on elevator pitching, sales charisma
Replies: 8
Views: 843

Re: Working on elevator pitching, sales charisma

Include something that piques one's interest and leaves them wanting more info.
by LarryAllen
Sun Nov 12, 2017 10:38 am
Forum: Investing - Theory, News & General
Topic: Selling all equities, discuss why I'm wrong. :)
Replies: 260
Views: 34971

Re: Selling all equities, discuss why I'm wrong. :)

Someone mentions the OP is in his 30's!? That's a cautious 30-something. What do you do for a living? Risk management? I just can't fathom a young person being 100% out of the market. 50% maybe but history has been kind to those who invest and that history is pretty long. Obviously things could chan...
by LarryAllen
Thu Nov 09, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: FSA Worth the Hassle?
Replies: 11
Views: 1285

Re: FSA Worth the Hassle?

I hate hassle so to me anytime someone even asks the question if it's worth the hassle I know the answer. Life is too short for hassles.
by LarryAllen
Wed Nov 08, 2017 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 328
Views: 34566

Re: Did you tell anyone you paid off your mortgage?

I don't see any advantage to telling people. I recall an acquaintance had a mortgage ripping-up party at about age 30. He didn't have that much of a career so obviously it was a gift/inheritance. That made me laugh and no i didn't go to the party.
by LarryAllen
Mon Nov 06, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding the lifetime gift tax exemption
Replies: 12
Views: 1244

Re: Understanding the lifetime gift tax exemption

If you are married you can give $28k as a split gift but should file a 709 gift tax return to tell the IRS even though no tax is due. A married couple can each gift up to the annual exclusion limit without reporting on Form 709. If the gift comes from personal funds or if they do not live in a comm...
by LarryAllen
Sun Nov 05, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding the lifetime gift tax exemption
Replies: 12
Views: 1244

Re: Understanding the lifetime gift tax exemption

As stated above you can give $14k gifts to as many people as you like each calendar year. If you are married you can give $28k as a split gift but should file a 709 gift tax return to tell the IRS even though no tax is due. You also can front load 5 years of gifting to a 529 account so you can give ...
by LarryAllen
Sun Nov 05, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Children's money?
Replies: 26
Views: 2719

Re: Children's money?

Our credit union pays 7% on the first $500 so when my kids were just at a grand or two or three I left it in cash. As it increased I changed it up into more diversified holdings as I would my own but a touch more conservative.
by LarryAllen
Sat Nov 04, 2017 8:36 am
Forum: Personal Consumer Issues
Topic: 2018 MiniVans - Please post your final out the door price
Replies: 2
Views: 309

Re: 2018 MiniVans - Please post your final out the door price

Look at truecar.com to get a good estimate on the most you should pay and also look at the edmunds.com forums where you can find prices paid and buying experience for most cars.
by LarryAllen
Thu Nov 02, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: two step verification for account access
Replies: 15
Views: 1185

Re: two step verification for account access

A secret question is not a second factor. Types of factors are something you know (password), something you have (a token, a phone, an email account) or something you are (fingerprint, retina, face). Two factor includes two of those, with no more than one of each type. The State of New York has ena...
by LarryAllen
Tue Oct 31, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Improving my online exposure - email change
Replies: 2
Views: 460

Improving my online exposure - email change

So taking off from my other thread about how personalcapital and mint may give a bank an out for not making you whole if you are a victim of online fraud I am taking steps to improve my online exposure. I got an encrypted email to use for financial stuff to segregate it all to one place away from my...
by LarryAllen
Tue Oct 31, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Using PersonalCapital, Mint, etc.... - and fraud concerns
Replies: 22
Views: 1676

Re: Using PersonalCapital, Mint, etc.... - and fraud concerns

You're at far greater risk of fraud logging in via your browser every time you want to check. Account theft happens via key loggers, so logging in to an App is better than typing in your credentials on your banks website. That's a great consideration but if my $3m account is stolen and it's shown t...
by LarryAllen
Tue Oct 31, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Using PersonalCapital, Mint, etc.... - and fraud concerns
Replies: 22
Views: 1676

Using PersonalCapital, Mint, etc.... - and fraud concerns

The ongoing thread where the person's dad lost the $50k IRA to fraudsters has got me investigating more into the subject of what protections different financial institutions have for these types of thefts. The ones I have do say they protect you but do indicate if you give your password out and it's...
by LarryAllen
Tue Oct 31, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49468

Re: Retirement Account Stolen by Identity theft

My sympathies to the OP and his family. Online fraud is a very common problem. I am so sorry for your dad and for you for all the time you are having to spend on this. I assume Transamerica will do the right thing here as the dollar amount is too small for all the bad press they could face. It just ...
by LarryAllen
Tue Oct 31, 2017 11:14 am
Forum: Personal Consumer Issues
Topic: Worry About Home Title Fraud?
Replies: 23
Views: 2000

Re: Worry About Home Title Fraud?

LLC does not protect the real estate. The LLC protects the owner from a claim from the LLC actions. Anyone can still make a claim against the LLC holding the real estate. The LLC will not protect you personally from any claim arising outside the LLC, and they can just attach your shares of the LLC....
by LarryAllen
Mon Oct 30, 2017 8:49 pm
Forum: Personal Consumer Issues
Topic: Worry About Home Title Fraud?
Replies: 23
Views: 2000

Re: Worry About Home Title Fraud?

I am thinking to put liens (real or fake) against my properties so that a title company would have a harder time transferring title and/or financing it for someone posing as me. One extra hurdle the scammers would have to get around. Is that REALLY necessary? What about all of the millions of senio...
by LarryAllen
Sun Oct 29, 2017 5:01 pm
Forum: Personal Consumer Issues
Topic: Worry About Home Title Fraud?
Replies: 23
Views: 2000

Re: Worry About Home Title Fraud?

I am thinking to put liens (real or fake) against my properties so that a title company would have a harder time transferring title and/or financing it for someone posing as me. One extra hurdle the scammers would have to get around.
by LarryAllen
Fri Oct 27, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Storing of important Information - account numbers, SSN, etc...
Replies: 21
Views: 1039

Re: Storing of important Information - account numbers, SSN, etc...

I don't understand using software to do this - as the software could be hacked. I did a quick search on the software recommended here - and sure enough there was a money.com article on them being hacked (one software company mentioned here announced that.) I'm not sure how that can be safer than us...
by LarryAllen
Fri Oct 27, 2017 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Storing of important Information - account numbers, SSN, etc...
Replies: 21
Views: 1039

Storing of important Information - account numbers, SSN, etc...

What do you smart people do for storage of important information? I am not speaking of big amounts of data. Just small, but important, things you don't want to forget. For example, I currently have stuff like account numbers and social security numbers saved in my contacts list. I store my online pa...
by LarryAllen
Thu Oct 26, 2017 8:18 am
Forum: Personal Consumer Issues
Topic: Hyatt Legal first hand experiences ? (new Employer benefit)
Replies: 14
Views: 1506

Re: Hyatt Legal first hand experiences ? (new Employer benefit)

I would be concerned that only inexperienced lawyers are on the list. I am sure that's not totally the case but they pay attorneys so little that I can't imagine the best ones are on the list. I thus think finding the diamond in the rough might be tough here. Also, things like special needs trusts h...
by LarryAllen
Mon Oct 23, 2017 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Life in AMT Hell (or, How I Learned to Keep Worrying and Hate the Exemption Phaseout)
Replies: 65
Views: 8166

Re: Life in AMT Hell (or, How I Learned to Keep Worrying and Hate the Exemption Phaseout)

I just keep trying to make as much money as possible and not worry about the taxes. I have enough stress issues so why worry about one more thing. Just make more money, you'll have enough, and this issue won't be an issue! The concept is true and even admirable. But the whole idea is not to "make m...
by LarryAllen
Thu Oct 19, 2017 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Life in AMT Hell (or, How I Learned to Keep Worrying and Hate the Exemption Phaseout)
Replies: 65
Views: 8166

Re: Life in AMT Hell (or, How I Learned to Keep Worrying and Hate the Exemption Phaseout)

I just keep trying to make as much money as possible and not worry about the taxes. I have enough stress issues so why worry about one more thing. Just make more money, you'll have enough, and this issue won't be an issue!
by LarryAllen
Tue Oct 17, 2017 9:14 am
Forum: Investing - Theory, News & General
Topic: Vanguard expects "decent sized correction" soon, sometime, maybe later
Replies: 68
Views: 7174

Re: Vanguard expects "decent sized correction" soon

Eventually one of the "experts" will be right but the market has been ready for a correction for 2-3 years by MANY expert's opinions. I am glad I didn't listen! Yes, eventually there will be a correction. It may be big and it may be small. Who knows. However, I am fairly confident there are no true ...
by LarryAllen
Mon Oct 16, 2017 9:29 pm
Forum: Local Chapters and Bogleheads Community
Topic: Sacramento, CA Area Chapter - Master Thread
Replies: 80
Views: 18027

Re: Sacramento, CA Area Chapter - Master Thread

tapotti wrote:
Mon Oct 16, 2017 8:29 pm
Hi all,

Had a question for the group

I live in Elk Grove.

I generally handle my own finances, but I'm looking for a tax advisor in the Sacramento area. Do any of you have any recommendations?

Thanks!
Staszak & Co. in Folsom
Williams and Olds in Sac
Sides and Ferkovich in Fair Oaks
by LarryAllen
Mon Oct 16, 2017 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Wills/Trust/Estate Planning - How best to review legal documents
Replies: 21
Views: 1689

Re: Wills/Trust/Estate Planning - How best to review legal documents

Find names you recognize and reach those paragraphs. Another thing you can do is make a list of questions. For example: - Where does it specify what age our kids get access to the money? - Where are the names of our back up trustees listed? - Where are our medical decision makers listed? etc.... The...
by LarryAllen
Mon Oct 16, 2017 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: First Post (gulp) - Request for Advice on selling inherited home
Replies: 20
Views: 1673

Re: First Post (gulp) - Request for Advice on selling inherited home

I deal with investors a lot in probate settings and regardless of what they say they will only be paying an amount that gives them a pretty good profit when they flip it. I thus would only sell to an investor if you don't mind paying a big chunk for getting rid of the house. Whatever you do though d...
by LarryAllen
Mon Oct 16, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: Where to notarize legal zoom documents? Trouble getting witnesses
Replies: 14
Views: 1086

Re: Where to notarize legal zoom documents? Trouble getting witnesses

I believe the witness and notarization requirements for wills may differ by state. Make sure to comply with applicable state requirements. Agreed. I see notarized wills here in California all the time. Notaries are not supposed to notarize wills in CA. They can be one of the witnesses but they aren...
by LarryAllen
Mon Oct 16, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus pushed back - should I be annoyed?
Replies: 43
Views: 3282

Re: Bonus pushed back - should I be annoyed?

I would keep your annoyance to yourself at work. As an employer I would find it irritating that an employee was complaining about the timing of a "bonus." I don't like it when they get uppity, either. In fact, I think employees who complain should not be employed at all. If they want to remain empl...
by LarryAllen
Mon Oct 16, 2017 12:56 pm
Forum: Personal Consumer Issues
Topic: Where to notarize legal zoom documents? Trouble getting witnesses
Replies: 14
Views: 1086

Re: Where to notarize legal zoom documents? Trouble getting witnesses

UPS Store.

Also be very careful that you read the instructions for witnesses and execute it properly. I have seen this messed up before.
by LarryAllen
Mon Oct 16, 2017 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Bonus pushed back - should I be annoyed?
Replies: 43
Views: 3282

Re: Bonus pushed back - should I be annoyed?

I would keep your annoyance to yourself at work. As an employer I would find it irritating that an employee was complaining about the timing of a "bonus."
by LarryAllen
Mon Oct 16, 2017 8:42 am
Forum: Personal Consumer Issues
Topic: Wireless ear buds-Bone conduction headphones
Replies: 7
Views: 666

Re: Wireless ear buds-Bone conduction headphones

I bought these and they are great. I go running, shoot baskets, etc... and they stay in. Wireless and $27. I got them on Amazon Prime day for $20 but even at $27 they are worth it in my opinion.

https://www.amazon.com/gp/product/B018X ... UTF8&psc=1
by LarryAllen
Sun Oct 15, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: So I did this...Capital One Money Market $200 bonus
Replies: 21
Views: 2586

Re: So I did this...Capital One Money Market $200 bonus

Oh, definitely worth it, as far as the money goes. But there is the overhead of time wasted and added stress of debt. If I were consulting, I would be charging well over $300/hour. If it takes me more than an hour to deal with it, then it isn't worth the money. I only did the Chase offer because I ...
by LarryAllen
Sat Oct 14, 2017 9:09 pm
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 4019

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

However, I personally would refuse to do business with someone that wouldn't talk to me while driving. That's very self-centered as it not only endangers yourself but also others. I hope that people just hang up on you when you insist that they be complicit in this selfish behavior. What are you ta...
by LarryAllen
Fri Oct 13, 2017 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank for managing accounts from different entities, trusts, businesses, etc....
Replies: 15
Views: 1563

Re: Best bank for managing accounts from different entities, trusts, businesses, etc....

Thought I would rekindle my own thread to see if anybody has any updated banking info. I still haven't done anything. Adding high level of banking security in lieu of the equifax breach. Anybody have any new ideas or input?
by LarryAllen
Fri Oct 13, 2017 7:52 pm
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 4019

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

There is little doubt that you are correct that phone conversations create distracted driving. However, I personally would refuse to do business with someone that wouldn't talk to me while driving. Maybe one day that will be the norm but for now talking on the bluetooth phone is the norm while drivi...
by LarryAllen
Fri Oct 13, 2017 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Intentionally Defective Grantor Trust to avoid estate tax limit?
Replies: 20
Views: 1719

Re: Trust to avoid estate tax limit?

Trusts aren't cheap to set up and keep running. Should be no costs to keep running. If you need to make changes you would amend it the same as if you have a will but no costs to having a trust. [OT comment removed by admin LadyGeek] Also, trusts are not expensive compared to the money they save peo...
by LarryAllen
Fri Oct 13, 2017 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Intentionally Defective Grantor Trust to avoid estate tax limit?
Replies: 20
Views: 1719

Re: Trust to avoid estate tax limit?

I am looking for some advice regarding a potential parental gift. My (fairly elderly) mother met with an estate planner. She then contacted my brother and me and told us she wanted to gift a sizeable amount of money to us in a trust. Her understanding was that it would be a single trust but with as...
by LarryAllen
Fri Oct 13, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Intentionally Defective Grantor Trust to avoid estate tax limit?
Replies: 20
Views: 1719

Re: Trust to avoid estate tax limit?

Trusts aren't cheap to set up and keep running. Should be no costs to keep running. If you need to make changes you would amend it the same as if you have a will but no costs to having a trust. [OT comment removed by admin LadyGeek] Also, trusts are not expensive compared to the money they save peo...
by LarryAllen
Tue Oct 10, 2017 8:58 am
Forum: Personal Consumer Issues
Topic: Join ebates for extra cash back
Replies: 22
Views: 1643

Re: Join ebates for extra cash back

I am signed up for at least 5 different cash back sites years ago. I use Mr. Rebates the most. It's great for hotel stays. 3% of a $1,000 Marriott stay is a nice bonus. Plus 1-800-flowers is like 10 or 15%. Lots of nice rebates.
by LarryAllen
Mon Oct 09, 2017 9:32 pm
Forum: Personal Consumer Issues
Topic: McDonalds Rick and Morty Szechuan Sauce...$995 ?
Replies: 16
Views: 2458

Re: McDonalds Rick and Morty Szechuan Sauce...$995 ?

Sold listings are in the $50-150 range so nobody is paying $995. Collectors are a bit loco.
by LarryAllen
Sun Oct 01, 2017 8:56 pm
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 16781

Re: $10 million+ - Still Working and LBYM

Thanks. I also have always been compulsive about tracking spending - Quicken for 25 years. Our asset allocation is Boglehead boring- 50% total stock market index, 20% foreign index and 30% similarly boring fixed income. I will occasionally get a free portfolio checkup from Fido or Vanguard. $350k a...
by LarryAllen
Sun Oct 01, 2017 8:23 pm
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 16781

Re: $10 million+ - Still Working and LBYM

We are a bit less than you but $10m+. Actually hit $11m the other day with the stock market up. Yea for us. Lol. 1. Assuming you are LBYM, how has significant wealth changed your spending habits over time? - We spend more. Still LBYM but spend more than I wish we did. We try to look like the million...
by LarryAllen
Fri Sep 29, 2017 11:56 am
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 63
Views: 7226

Re: 3 stages of Financial Independence

I'm not sure these stages apply to the younger generation. I am in my 20s and make good money. Save around 70% of my income. Some would say this would put me in stage 3 (can buy what I want). However I only have around 8x my annual expenses saved thus far, therefore far from FI. I could lose my job...