Search found 277 matches

by rob65
Sun Apr 22, 2018 1:20 pm
Forum: Personal Consumer Issues
Topic: Need to cut the cable cord - is there an alternative?
Replies: 35
Views: 2371

Re: Need to cut the cable cord - is there an alternative?

A few things to consider. First, use a site like speedtest.net ( NOT .com) to check the speed of your internet connection. Netflix recommends at least 5 mbps, but I think at least 15 mbps would be better. Check on the price of internet alone. In some places, internet with a bare bones TV package is ...
by rob65
Sat Apr 21, 2018 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Family shared real estate purchase - how to best structure?
Replies: 20
Views: 1576

Re: Family shared real estate purchase - how to best structure?

Check with the lawyer about tax considerations on any capital gains when the home is sold; some routes might have significant tax advantages over others. Also, consider property tax issues in your area - where I live homeowners over 65 get significant property tax breaks that wouldn’t apply if the c...
by rob65
Thu Apr 19, 2018 7:40 am
Forum: Investing - Theory, News & General
Topic: Lack of FDIC Insurance a big deal?
Replies: 39
Views: 3540

Re: Lack of FDIC Insurance a big deal?

From the prospectus for prime money market: “You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon sale of your shares or may temporarily suspend your abili...
by rob65
Sun Apr 15, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay for 6th year of college?
Replies: 13
Views: 2111

Re: How to pay for 6th year of college?

Note that exceeding the 15K limit doesn’t mean you owe gift tax, just that you have to file form 709 and count the excess towards your lifetime estate tax exemption.
by rob65
Thu Apr 12, 2018 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Alternative website for those in lower tax brackets?
Replies: 59
Views: 5243

Re: Alternative website for those in lower tax brackets?

Geez folks, the OP just asked for recommendations on other good sites. I second the Mr. Money Mustache recommendation. Lots of advice on how to live frugally - perhaps a little extreme at times. Also, I second the root of good recommendation. I might have missed it being mentioned earlier, but I als...
by rob65
Wed Apr 11, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: My PCP Won't See Me After Auto Accident - How to Handle With Insurance Company?
Replies: 39
Views: 3886

Re: My PCP Won't See Me After Auto Accident - How to Handle With Insurance Company?

I think it is fairly common for PCPs to not treat auto accident injuries. You could try calling your health insurance provider and ask to speak with someone in their subrogation department if auto insurance will eventually be responsible. (It does seem strange that your health insurance company wasn...
by rob65
Tue Apr 10, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Parents have zero savings. What can I do?
Replies: 168
Views: 13960

Re: Parents have zero savings. What can I do?

Wow. Four pages on a question from someone that posted once and hasn't replied since then - although perhaps we scared him off?

Maybe time to lock unless the OP returns with more information?
by rob65
Tue Apr 10, 2018 3:45 pm
Forum: Personal Consumer Issues
Topic: Driver's permit before 18 - Any financial incentive
Replies: 52
Views: 1728

Re: Driver's permit before 18 - Any financial incentive

In my state, there was no change to the insurance cost with the learner's permit (might vary by state), but the cost of insurance once they got a regular license was truly stunning. DD didn't get regular license until 21, but DS got his at 16. My wife works from home, so we didn't add a 3rd car; he ...
by rob65
Sun Apr 08, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can we discuss renting a car? [Insurance]
Replies: 25
Views: 1246

Re: Can we discuss renting a car?

I rent a lot of cars, in the USA, and globally. I have never once been asked for proof of insurance, when declining. On rare occasion, internationally, they won't let me decline, and all the proof of insurance in the world doesn't really matter to them I have never once heard of issues crossing sta...
by rob65
Sun Apr 08, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Can we discuss renting a car? [Insurance]
Replies: 25
Views: 1246

Re: Can we discuss renting a car?

+1 to dual’s response. You’re probably going to get a lot of responses from people thinking only about the collision damage waiver. People with their own car insurance don’t think about the injury liability aspect. Edit: Note that injury liability is specifically listed in the “what’s NOT covered” s...
by rob65
Sun Apr 08, 2018 10:19 am
Forum: Personal Consumer Issues
Topic: Experience selling car to Carmax?
Replies: 103
Views: 117960

Re: Experience selling car to Carmax?

I think CarMax is what it is, both when buying and selling. You’re not going to get the best possible deal, but it will be simple and quick and you won’t get a terrible deal.
by rob65
Sun Apr 08, 2018 9:58 am
Forum: Forum Issues and Administration
Topic: Are my posts missing or being deleted?
Replies: 14
Views: 1562

Re: Are my posts missing or being deleted?

Note that if new responses post between when you started composing your post and when you hit submit, you first get a screen showing those new responses and you then have to hit submit again - this gives you an option to first edit based on the new responses.
by rob65
Sat Apr 07, 2018 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Help needed - Getting serious w/finances
Replies: 17
Views: 1583

Re: Help needed - Getting serious w/finances

We’ve had good luck buying used Toyota and Honda cars, but a reasonable new car with a decent down payment and low interest rate isn’t terrible. With a little one, I would stick to newer cars because of the increased safety features.
by rob65
Fri Apr 06, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Undecided students and STEM majors
Replies: 51
Views: 3975

Re: Undecided students and STEM majors

I suggest taking the admissions officers at their word. I understand what other posters are saying that this doesn’t make sense and that it didn’t used to be that way, but some public universities are facing enormous enrollment pressure in popular majors and there really might not be any available s...
by rob65
Fri Apr 06, 2018 8:17 am
Forum: Investing - Help with Personal Investments
Topic: Large Single Stock Position - Can't Sell - Retirement Account
Replies: 45
Views: 3066

Re: Large Single Stock Position - Can't Sell - Retirement Account

Maybe count half of the value towards your equity allocation and ignore half? That helps factor in some of the increased risk in a single holding.
by rob65
Tue Apr 03, 2018 6:11 am
Forum: Personal Consumer Issues
Topic: Protecting personal privacy on-line - CBS News
Replies: 28
Views: 2104

Re: Protecting personal privacy on-line - CBS News

6. Share every detail of your life on Facebook, Twitter, etc.

7. Go buy another new computer.
by rob65
Fri Mar 30, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance for a 13 year old
Replies: 29
Views: 2144

Re: Inheritance for a 13 year old

I’m inferring that the Mom isn’t the trustee? If that’s the case, I would proceed with an abundance of caution. I would stick to FDIC insured accounts for the college funds and a very conservative approach for the rest. I would not view this as retirement money - it’s for college and grad school and...
by rob65
Thu Mar 29, 2018 8:45 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 8957

Re: What is the endgame for Millennials?

Every generation is convinced that the next generation is going to cause the downfall of civilization as we know it. The millenials will be fine, although I do wish they would turn down that noise they call music and stay off my lawn. :happy
by rob65
Wed Mar 28, 2018 7:02 pm
Forum: Personal Consumer Issues
Topic: Checklist for Parents of Incoming Freshmen/To-Be Adult
Replies: 67
Views: 3945

Re: Checklist for Parents of Incoming Freshmen/To-Be Adult

Coming at it from a different and non financial angle (although financial impacts are significant) https://www.google.com/amp/s/www.nbcnews.com/feature/college-game-plan/amp/six-questions-parents-need-ask-their-daughter-starts-college-n619796 I have heard from some doctors that it isn’t common for ...
by rob65
Wed Mar 28, 2018 7:22 am
Forum: Investing - Theory, News & General
Topic: What would you do if you were in charge of a State Pension Fund?
Replies: 36
Views: 2022

Re: What would you do if you were in charge of a State Pension Fund?

I would use index funds on the equity side. With a portfolio of that size and a time horizon that is essentially perpetuity, you could do some direct ownership of real estate; TIAA does that for example. Not sure about regulatory requirements, but there might need to be some liability matching on th...
by rob65
Sat Mar 24, 2018 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Anxious about age, career, and housing costs
Replies: 60
Views: 5291

Re: Anxious about age, career, and housing costs

Home ownership is very overrated in my opinion. Certainly housing can be a good investment in some markets, but in many cases home appreciation just keeps pace with inflation. We learned in 2008 that housing values can also drop significantly. If you are happy where you are renting, I would stay the...
by rob65
Sat Mar 24, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Recently Engaged, Considering Joint Account(s)
Replies: 26
Views: 1499

Re: Recently Engaged, Considering Joint Account(s)

A joint account for shared expenses seems like a good idea to me. Make sure you both agree on how much each of you deposits into the account and what gets paid from the account. I wouldn’t keep much extra in the account. I’ve been married 30 years. We have one joint checking account, but his, hers, ...
by rob65
Fri Mar 23, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Self-insuring for healthcare - how would you invest
Replies: 34
Views: 2343

Re: Self-insuring for healthcare - how would you invest

There is no price transparency in the current US healthcare system. You need insurance to get the contracted rate between the insurance company and the provider. Some argue that you can negotiate lower prices yourself, but I wouldn't want to literally bet my life on that in the event of a catastroph...
by rob65
Tue Mar 20, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Sold house, trying to decide what to do with equity
Replies: 11
Views: 922

Re: Sold house, trying to decide what to do with equity

I would prioritize in the following order: 1) Emergency / Large Expense Fund 2) Tax-Advantaged Account Contributions (401k, IRA, HSA, etc.) 3) Mortgage https://www.bogleheads.org/wiki/Prioritizing_investments I agree with this. With a single income and unknown expenses of having a baby, I would pad...
by rob65
Tue Mar 20, 2018 6:24 am
Forum: Investing - Theory, News & General
Topic: Facebook's slide cost Mark Zuckerberg $6.06 billion in one day
Replies: 42
Views: 4833

Re: Facebook's slide cost Mark Zuckerberg $6.06 billion in one day

I’m not sure this is just noise for FB; I think there is a real existential threat from rising privacy concerns. I don’t think FB has yet diversified it’s business in the same way that Amazon and Google have; FB seems much more dependent on it’s core product. It’s also very easy for online platforms...
by rob65
Mon Mar 19, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Accidental Real Estate Owner... Now What?
Replies: 15
Views: 1905

Re: Accidental Real Estate Owner... Now What?

I think this has enough potential complications that you should meet with a CPA or tax attorney if your wife is listed as a co-owner.
by rob65
Mon Mar 19, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Retire at 38?
Replies: 118
Views: 12569

Re: Can I Retire at 38?

OP, Consider also posting your question on the Mr. Money Mustache forum. Average the responses there with what you get here. This is a great forum, but it is overly skeptical about early retirement in my opinion. MMM is probably a little too optimistic about early retirement. You might also check ou...
by rob65
Fri Mar 16, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: How does everyone here earn so much?
Replies: 131
Views: 7056

Re: How does everyone here earn so much?

I have to chuckle at the "Is it safe to retire at 66? I only have $3 million" posts. I don't really care about the numbers, since I am here for the principles instead of the personalities. That said, I don't give any input to people who claim to have or earn more than I do, because I doubt they nee...
by rob65
Fri Mar 16, 2018 10:22 am
Forum: Personal Consumer Issues
Topic: Bicycle Commuting in LA - Thoughts?
Replies: 100
Views: 4857

Re: Bicycle Commuting in LA - Thoughts?

The following study found that the fatality rate per person trip for bicycles was slightly more than double that for cars. For 25-64 year olds, the bicycle rate was more than 4 times the car rate. The data is from 1999-2003, so increased numbers of bike paths and improved safety equipment could have...
by rob65
Thu Mar 15, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Would like to retire Jan. 2, 2019, can I do it?
Replies: 37
Views: 3449

Re: Would like to retire Jan. 2, 2019, can I do it?

niceguy7376 - you are correct that the HSA contribution was raised for 2018. Family is now $6900 plus additional $1000 for over 55 so my 2018 contribution could be $7900. Please verify this with an expert, but if you are already 65 and plan to go on Medicare in January 2019, I think Medicare applie...
by rob65
Wed Mar 14, 2018 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: Would like to retire Jan. 2, 2019, can I do it?
Replies: 37
Views: 3449

Re: Would like to retire Jan. 2, 2019, can I do it?

I am not an expert on the issue, but read carefully about HSAs and Medicare. Here’s a starting point:

https://www.medicareinteractive.org/get ... d-medicare
by rob65
Mon Mar 12, 2018 7:44 pm
Forum: Personal Consumer Issues
Topic: Factory reset - Apps now incompatible
Replies: 10
Views: 920

Re: Factory reset - Apps now incompatible

This is just a complete guess, but do you need to reinstall updates to the operating system?
by rob65
Mon Mar 12, 2018 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: 65 widow small tax-advantage account, cash savings retirement planning in TX
Replies: 32
Views: 1861

Re: 65 widow small tax-advantage account, cash savings retirement planning in TX

Given the risk aversion, you might consider a CD ladder for some or even all of the fixed income portion. 2-year and 4-year "raise your rate" CDs at Ally are earning 2% with an option to change interest rates once on the 2-year and twice on the 4-year.
by rob65
Fri Mar 09, 2018 4:35 pm
Forum: Personal Consumer Issues
Topic: What do you pay for your phone/cable/internet? REAL total with tax?
Replies: 48
Views: 2752

Re: What do you pay for your phone/cable/internet? REAL total with tax?

Comcast double play (tv+internet) 109.99
2nd x1 box 9.95
dta adapter for 3rd tv 5.99
modem rental 11 (I know. Just easier.)
Broadcast tv fee 8
Regional sports fee 6.75
Franchise fee 5.19
federal regulatory fee 0.08
PEG fee 0.08
Taxes 1.30

Total 158.33
by rob65
Tue Mar 06, 2018 12:55 am
Forum: Investing - Help with Personal Investments
Topic: Just out of college, new job w/ 401k
Replies: 18
Views: 1485

Re: Just out of college, new job w/ 401k

I think some might have misread VTSNX as a total US fund, when it is an international fund. You can mimic a total US stock market fund using VINIX (institutional class S&P 500), the mid-cap fund, and the small cap fund. See https://www.bogleheads.org/wiki/Approximating_total_stock_market Edit to add...
by rob65
Mon Mar 05, 2018 2:20 pm
Forum: Personal Consumer Issues
Topic: Etiquette of hanging up on live telemarketers
Replies: 77
Views: 3600

Re: Etiquette of hanging up on live telemarketers

Usually, I just say "I'm not interested" and hang up. Sometimes I just hang up.

If it is a charity calling, then I do try to be polite even if I'm not interested in giving.
by rob65
Fri Mar 02, 2018 10:10 pm
Forum: Personal Consumer Issues
Topic: Comparison of On-Demand TV Provider features
Replies: 13
Views: 788

Re: Comparison of On-Demand TV Provider features

... It's simpler than the on-demand library. The DVR these days is perfect for the non-tech-savvy person. Our problem is the the individual who we must satisfy does not plan ahead, he wants to watch prior episodes of the new (to him) show he just came across. After watching those he might want to w...
by rob65
Fri Mar 02, 2018 5:22 pm
Forum: Investing - Theory, News & General
Topic: Harvard blows $1Billion picking stocks, averaged 4.4% returns over last decade
Replies: 79
Views: 10210

Re: Harvard blows $1Billion picking stocks, averaged 4.4% returns over last decade

Investing $37.6 billion with a time frame of infinity is different than what individual investors do. With $37.6 billion, you don’t have to buy an index fund, you can run your own index fund. For reference, Schwab’s total market etf SCHB has about $11.6 billion in AUM. That's a very selective pick....
by rob65
Fri Mar 02, 2018 4:36 pm
Forum: Investing - Theory, News & General
Topic: Harvard blows $1Billion picking stocks, averaged 4.4% returns over last decade
Replies: 79
Views: 10210

Re: Harvard blows $1Billion picking stocks, averaged 4.4% returns over last decade

Investing $37.6 billion with a time frame of infinity is different than what individual investors do.

With $37.6 billion, you don’t have to buy an index fund, you can run your own index fund. For reference, Schwab’s total market etf SCHB has about $11.6 billion in AUM.
by rob65
Thu Mar 01, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Retiring Early
Replies: 22
Views: 6288

Re: Retiring Early

First, welcome to the forum. The wiki has lots of useful information about a wide range of topics: https://www.bogleheads.org/wiki/Getting_started Some things to thing about. What are your projected spending needs? Make sure to include health care costs. Will you eventually draw social security and/...
by rob65
Mon Feb 26, 2018 7:44 pm
Forum: Personal Consumer Issues
Topic: In Praise of Classic Works on Kindle
Replies: 20
Views: 1497

Re: In Praise of Classic Works on Kindle

Search “AmazonClassics Edition Free Books” in the kindle store to find a line of classics directly from Amazon. They seem to have good kindle formatting.
by rob65
Sun Feb 25, 2018 8:00 pm
Forum: Investing - Theory, News & General
Topic: Blasphemy... DO PEEK!
Replies: 100
Views: 9364

Re: Blasphemy... DO PEEK!

Seems worth just mentioning that fraud protection policies require you to review statements and provide timely notice if fraud has occurred.
by rob65
Sat Feb 24, 2018 3:23 pm
Forum: Personal Consumer Issues
Topic: Ethics of selling a used car
Replies: 54
Views: 4139

Re: Ethics of selling a used car

Disclose any known issues. Simpler, easier, sleep well at night.
by rob65
Fri Feb 23, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Review ettiquette
Replies: 24
Views: 2162

Re: Review ettiquette

Thanks. I was leaning towards documenting that the employee had an issue early in the year but has made significant improvements and is now meeting expectations. The catch is that this employee, other than a negative attitude, is an exceptional performer. Easily the most valuable employee in the gr...
by rob65
Sun Feb 18, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay off the mortgage with life insurance?
Replies: 6
Views: 693

Re: Why pay off the mortgage with life insurance?

Kids or no kids could change this answer. If there are kids still at home or possible future kids, then my advice is enough life Insurance to pay off the house. I wouldn’t have wanted my kids to have had to move when they were young, especially on top of losing a parent. Now that the kids are throug...
by rob65
Sun Feb 18, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to qualify wife for ACA subsidy in 2018
Replies: 18
Views: 1545

Re: How to qualify wife for ACA subsidy in 2018

I will be 69 this month and wife is 60. My projected income for 2018 with SS, company pensions, dividends and rent income will be approximately $68K+. Will not take a RMD from my IRA until 2019. If I could keep my income below $66K for 2018 wife qualifies for $977 per month goverment health care, A...
by rob65
Sun Feb 18, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: How to qualify wife for ACA subsidy in 2018
Replies: 18
Views: 1545

Re: How to qualify wife for ACA subsidy in 2018

Make sure you are correctly computing the MAGI for ACA:

https://www.healthcare.gov/glossary/mod ... come-magi/

MAGI includes non-taxable Social Security and tax exempt interest.
by rob65
Thu Feb 15, 2018 4:36 pm
Forum: Investing - Theory, News & General
Topic: Can someone help me explain to my wife...?
Replies: 81
Views: 9951

Re: Can someone help me explain to my wife...?

Is asset allocation the underlying source of your wife’s concerns? Maybe 70/30 is more aggressive than your wife is comfortable with. Maybe she would feel better at 50/50 in her Roth. Might not be the best use of Roth space, but it might address her concerns.
by rob65
Tue Feb 13, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should I claim chapter 7 bankruptcy? debt 110k
Replies: 64
Views: 6847

Re: Should I claim chapter 7 bankruptcy? debt 110k

You should consult an attorney who specializes in bankruptcy. Understand your legal options. Do what is best for you.

Some posters have raised the issue of potential fraud if you mislead your brokerage. Do not address that on a public forum. Consult an attorney.
by rob65
Thu Feb 08, 2018 8:59 am
Forum: Investing - Help with Personal Investments
Topic: Why does my wife have this portfolio?
Replies: 32
Views: 3885

Re: Why does my wife have this portfolio?

No bonds or is there fixed income somewhere else? Other than that, it doesn’t look that awful. Is this taxable or in an IRA? If taxable, there are probably substantial capital gains. Is this a buy and hold approach on the individual stocks or is there constant trading? Buying and holding quality ind...