Search found 614 matches

by WildBill
Sun Jul 05, 2020 10:27 pm
Forum: Personal Consumer Issues
Topic: Spiked Seltzers?
Replies: 46
Views: 3259

Re: Spiked Seltzers?

Howdy

My experience is that the seltzer’s in general all suck.

However, there are a number of locally produced ciders that are excellent. I am actually sipping a Blood Orange Cider from Austin CiderS at the moment. Very tasty and refreshing.

Happy tippling

W B
by WildBill
Sun Jul 05, 2020 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with all this MONEY ?
Replies: 203
Views: 20378

Re: What to do with all this MONEY ?

- Thanks for a lot of helpful replies -, let me address one at a time 1) No one is saying you should spend money you don’t want to spend. But the question should really be, if you have such low expenses why did you work so long and save so much? - One (At least I did not) does not take up a job or ...
by WildBill
Sat Jul 04, 2020 11:27 am
Forum: Personal Finance (Not Investing)
Topic: What to do with all this MONEY ?
Replies: 203
Views: 20378

Re: What to do with all this MONEY ?

Howdy Me thinks you worry too much. Two kids who are accomplished, working and pursuing further education? They clearly internalized your family work ethic and values. We are in a similar situation and similar ages. The kids make some spending decisions that grate on my frugal nature, but these are ...
by WildBill
Sat Jul 04, 2020 10:52 am
Forum: Personal Finance (Not Investing)
Topic: 1099 rates for Engineering Consultant
Replies: 33
Views: 2095

Re: 1099 rates for Engineering Consultant

Howdy again Here is an earlier thread on setting up a contracting business. References to LLCs and obtaining liability insurance are solid. LLC probably not necessary for you, E&O insurance probably. https://www.bogleheads.org/forum/viewtopic.php?f=2&t=313377&p=5219914#p5219914 Good luck W B WildBi...
by WildBill
Sat Jul 04, 2020 10:48 am
Forum: Personal Finance (Not Investing)
Topic: 1099 rates for Engineering Consultant
Replies: 33
Views: 2095

Re: 1099 rates for Engineering Consultant

You will pay self employment tax of 15% on the net income of your business. You can also take a 20% deduction called the QBI against the net income of your business. Head hurting yet? It's starting to. :) Self employment tax in addition to the FICA payroll taxes? I will be figuring out what my rate...
by WildBill
Sat Jul 04, 2020 10:42 am
Forum: Personal Finance (Not Investing)
Topic: 1099 rates for Engineering Consultant
Replies: 33
Views: 2095

Re: 1099 rates for Engineering Consultant

You will pay self employment tax of 15% on the net income of your business. You can also take a 20% deduction called the QBI against the net income of your business. Head hurting yet? It's starting to. :) Self employment tax in addition to the FICA payroll taxes? I will be figuring out what my rate...
by WildBill
Fri Jul 03, 2020 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 105
Views: 9761

Re: Landlords: How are you doing this year?

Has anyone heard of this? 1) Sell 5 of your rental properties at one time 2) Do a 1031 exchange and buy an expensive house 3) Rent out the expensive house for a couple of years 4) Finally, move into the expensive house and make it your primary residence Is this a legal loophole to not pay taxes? Ho...
by WildBill
Fri Jul 03, 2020 10:35 am
Forum: Personal Finance (Not Investing)
Topic: 1099 rates for Engineering Consultant
Replies: 33
Views: 2095

Re: 1099 rates for Engineering Consultant

Howdy again

Here is an earlier thread on setting up a contracting business. References to LLCs and obtaining liability insurance are solid. LLC probably not necessary for you, E&O insurance probably.



viewtopic.php?f=2&t=313377&p=5219914#p5219914

Good luck

W B
by WildBill
Fri Jul 03, 2020 10:16 am
Forum: Personal Finance (Not Investing)
Topic: 1099 rates for Engineering Consultant
Replies: 33
Views: 2095

Re: 1099 rates for Engineering Consultant

Howdy Re taxes there are a lot of moving parts when you are a contractor. If you are a 1099 instead of a W 2 employee you will be filing a schedule C. To reduce your net there are multiple expenses you can write off against income. You can also contribute to a self directed employment plan, such as ...
by WildBill
Wed Jul 01, 2020 10:53 pm
Forum: Personal Consumer Issues
Topic: Pull-ups and Push-ups
Replies: 572
Views: 148329

Re: Need to be able to do 30 chin-ups

[Thread merge into here, see below (next page). --admin LadyGeek] I will be doing chin-ups on July 1. Classic, palms facing me chin-ups. I made a bet with a guy from work that I would be able to do 30 by July 1. He seems to think it is impossible and only some freak of nature would be able to accom...
by WildBill
Tue Jun 30, 2020 2:09 pm
Forum: Forum Issues and Administration
Topic: For every "YES" there are 10 "No's" and Vice Versa?
Replies: 28
Views: 1910

Re: For every "YES" there are 10 "No's" and Vice Versa?

Howdy I have leaned a lot here. The variety and depth of knowledge is impressive. Just off the top of my head - Valuethinker and Nisiprius on any subject, and Livesoft on tax avoidance and RBDS, also his wide-ranging arsenal of well-meaning and entertaining snark. He is, however, totally unsound on ...
by WildBill
Tue Jun 30, 2020 1:55 pm
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1941

Re: Rental properties: best-performing asset class in 2020?

Howdy Been a real estate investor for over 40 years, in raw land, commercial and rentals. Made good money. It is a business, and I observed many starry eyed individuals go broke and/or become severely disillusioned because they were sold it as a get rich scheme with the kinds of stuff you are sayin...
by WildBill
Tue Jun 30, 2020 1:30 pm
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1941

Re: Rental properties: best-performing asset class in 2020?

Howdy Been a real estate investor for over 40 years, in raw land, commercial and rentals. Made good money. It is a business, and I observed many starry eyed individuals go broke and/or become severely disillusioned because they were sold it as a get rich scheme with the kinds of stuff you are saying...
by WildBill
Thu Jun 25, 2020 2:07 pm
Forum: Personal Consumer Issues
Topic: How to locate safe, clean gas stations while traveling
Replies: 38
Views: 2115

Re: How to locate safe, clean gas stations while traveling

If the OP is driving through Texas, I'd add all the Buc-ee's locations to the list of safe and clean places to stop :D Buc-ee's counts as a MAJOR gas station on the interstate. I actually might avoid them because of the MASS of HUMANITY that goes to them every day. But they are something to experie...
by WildBill
Mon Jun 22, 2020 5:51 pm
Forum: Personal Investments
Topic: High net worth portfolio advice
Replies: 129
Views: 11866

Re: High net worth portfolio advice

Hi all! I just spent several hours going through your advice. There are a few things I still need to review. However, I already have a much better understanding of my situation. Below are answers to questions that were directed to me, and my working plan based on your advice so far. A little more a...
by WildBill
Sat Jun 20, 2020 5:14 pm
Forum: Personal Investments
Topic: High net worth portfolio advice
Replies: 129
Views: 11866

Re: High net worth portfolio advice

Howdy Congratulations on the fortunate situation with the FB shares. I have a portfolio that is of a roughly similar size, but it took me a lot longer to get there :D Here are some thoughts: You have $10 million with 1.5 million in taxes due. Takes you to $8.5million. You are planning to buy a home ...
by WildBill
Thu Jun 18, 2020 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Fidelity 2% Cash Back credit card
Replies: 167
Views: 10076

Re: Disappointed in Fidelity 2% Cash Back credit card

After reading the many positive reviews about this card on this site, I didn't expect that they'd play games. First of all, it's not a cash back card. It's a reward points card. Yes, the reward points can be redeemed for cash, but if you redeem your points for statement credit on the card itself, t...
by WildBill
Tue Jun 16, 2020 7:25 pm
Forum: Personal Consumer Issues
Topic: Should I sell my stash of dental floss now worth $3,000?
Replies: 105
Views: 11057

Re: Should I sell my stash of dental floss now worth $3,000?

Howdy

This thread made my day.

Thanks

W B
by WildBill
Tue Jun 16, 2020 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: How much umbrella insurance?
Replies: 146
Views: 7573

Re: How much umbrella insurance?

I haven't done much research into Umbrella insurance and need to get to it soon. Newbie question - Why does the net worth matter here? Say my net worth is also $5M and I have an umbrella for $5M, someone sues me for $10M. Will I still be on the hook for $5M from my assets? If my net worth was $0, I...
by WildBill
Fri Jun 12, 2020 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116673

Re: Why are you NOT buying rental properties?

I did best with the land. In my experience, rental properties over time equate to a high yielding inflation indexed bond with favorable tax characteristics. Someone who is willing to take it on as a business and achieve some economies of scale with multiple properties will do well, if they buy judi...
by WildBill
Fri Jun 12, 2020 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116673

Re: Why are you NOT buying rental properties?

Howdy I’ve owned about 15 rental properties over about 35 years, and also a number of raw land parcels. I did best with the land. In my experience, rental properties over time equate to a high yielding inflation indexed bond with favorable tax characteristics. Someone who is willing to take it on as...
by WildBill
Mon Jun 08, 2020 6:02 pm
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 446
Views: 24564

Re: What fun car should I get in the $150k - $200k range?

Howdy Spending that kind of money in your situation is not something I would do, and I still think the Tesla pickup is way cooler than anything else anyone has brought up, along with also being practical as well as running like a scalded cat, but buy whatever you like and have fun :P I think if you ...
by WildBill
Sat Jun 06, 2020 6:50 pm
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 446
Views: 24564

Re: What fun car should I get in the $150k - $200k range?

Howdy Top of the line Tesla pickup. You can load any of these sissified roller skates people are touting into the bed, or tow them, and still outrun a Porsche 911. 8-) And lots of money left over for whiskey and women to take along for the ride. And if that combination isn’t fun, what is? :P Happy m...
by WildBill
Fri Jun 05, 2020 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Seller breach of contract on home. I need advice.
Replies: 64
Views: 6719

Re: Seller breach of contract on home. I need advise.

Howdy [/ It is an investment property so we played hard ball throughout the process. We got $10k off the initial asking price, quite a few repairs, and some extra cash for more repairs. I think we’ve done well so I think pushing it at this point may be unnecessary. Just was curious what the consensu...
by WildBill
Fri Jun 05, 2020 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Seller breach of contract on home. I need advice.
Replies: 64
Views: 6719

Re: Seller breach of contract on home. I need advise.

Howdy I may be misunderstanding, and reading details in, but in reading your description of the repair I suspect with the use of GFCI plugs the repair likely brings the wiring up to current code. If that is the case, and if you did not specify a specific type of repair my thought is that the seller ...
by WildBill
Fri Jun 05, 2020 11:38 am
Forum: Personal Consumer Issues
Topic: Productivity as an older adult
Replies: 13
Views: 1316

Re: Productivity as an older adult

Howdy I retired at 62 and opened a small consulting business that I viewed more or less as a hobby. Now through no fault of my own and without meaning to it has grown to where I am making more than even when I was actually working. I do not know quite how I’m have gotten myself into this predicament...
by WildBill
Wed Jun 03, 2020 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Any 529 abusers here ?
Replies: 38
Views: 5038

Re: Any 529 abusers here ?

Howdy Last kid just graduated, and it turns out we overfunded our 529 plans, due to better than expected investment returns and lower than expected university costs. We significantly front loaded them, and then put a big amount in during the 2009 meltdown. Given decent compounding on the accounts re...
by WildBill
Tue Jun 02, 2020 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Adding Canadian Citizenship - any downsides?
Replies: 30
Views: 2346

Re: Adding Canadian Citizenship - any downsides?

Howdy

Your wife is already a Canadian citizen by virtue of being born there.

I assume she has a birth certificate. With that she can obtain a passport.

Our son is the same deal. Born in Canada, dual citizen. No downsides.

W B
by WildBill
Fri May 29, 2020 4:47 pm
Forum: Personal Consumer Issues
Topic: Condensation line in attic / AC air handler
Replies: 18
Views: 1097

Re: Condensation line in attic / AC air handler

Howdy

One item of cheap preventive maintenance is to keep a bottle of bleach in the attic and pour some bleach into the lines every time you change the furnace/AC filters in the attic. Since I started doing this my previous problems with the drain lines plugging have gone away.

Good luck

W B
by WildBill
Fri May 29, 2020 4:32 pm
Forum: Personal Consumer Issues
Topic: New iPhone SE?? has anyone bought and used one?
Replies: 30
Views: 2483

Re: New iPhone SE?? has anyone bought and used one?

Button also does not click as well as I remembered. Apple replaced the physical button with a simulacrum--a haptic feedback nonmoving circle--with iPhone 7, so you might be remembering the older ones that actually had a button that moved and clicked. Thanks. I’m sure they had a good reason but I ha...
by WildBill
Fri May 29, 2020 4:19 pm
Forum: Personal Consumer Issues
Topic: New iPhone SE?? has anyone bought and used one?
Replies: 30
Views: 2483

Re: New iPhone SE?? has anyone bought and used one?

Howdy Upgraded from 4 year old 6 s that was short on memory to new unlocked SE. Everything I expected - new fast processor, Lots of memory, better than decent camera, good price. Got $80 on the trade in + $ 40 off on some random deal from,Sprint that my wife hunted up Nice phone, very decent price H...
by WildBill
Wed May 27, 2020 8:41 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000? [Archived]
Replies: 1479
Views: 324040

Re: Best watch for around $5,000?

I am wearing a $12,000 watch sipping on whiskey that cost me $349 watching an OLED TV. I am also sitting in my favorite Ikea chair ($79) in my usual outfit (athletic shorts and T-shirt) in my apartment that the kids call a trap house, whatever that is. Earlier today, I drove my 5 year old truck tha...
by WildBill
Wed May 27, 2020 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 370
Views: 31311

Re: The axe falls and I am prepared. What's next?

Hi KlangFool Like many others I have greatly appreciated your participation on the forum, and your posts have given me a perspective and point of view I did not have before. Many thanks for your intellectual integrity and your willingness to engage. One thing I would share - in my mid to late 50s I ...
by WildBill
Wed May 27, 2020 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Customer hasn't paid me not worth cost of lawyer but...
Replies: 48
Views: 5376

Re: Customer hasn't paid me not worth cost of lawyer but...

Got a notification from Quickbooks the invoice was paid via AMEX today. AFTER, earlier today updating my invoice (online) to reflect almost 60 days of interest at 8% per month. That was the button that got pushed to make them pay. That and I told them if they paid by this Friday I'd waive the addit...
by WildBill
Wed May 27, 2020 8:22 pm
Forum: Personal Consumer Issues
Topic: Homemade Salad Dressing
Replies: 51
Views: 3198

Re: Homemade Salad Dressing

Howdy Basic is olive oil and balsamic vinegar. This is a superb dressing. Variations - add some (any or all) honey, yogurt, whole seed mustard to taste. Salt and pepper if you like. Tony Chachere’s or paprika helps. Any or all if the above with a shredded shallot. For dressing gyros, oil oil, balsam...
by WildBill
Mon May 25, 2020 2:56 pm
Forum: Investing - Theory, News & General
Topic: Anybody do any GOOD timing the market?
Replies: 123
Views: 7927

Re: Anybody do any GOOD timing the market?

Oh Yea, I missed the dip & am back in... Its really pretty simple... (2007, govt shutdown, as some others also did), http://rplewis.homeip.net/aImg/BhPayAttention200525.JPG The Red's the Verifying Indicators(RelativeStrength,MA50,PPO/Macd & Directionals(ADX) - all slapped ya in the face with obviou...
by WildBill
Mon May 25, 2020 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Customer hasn't paid me not worth cost of lawyer but...
Replies: 48
Views: 5376

Re: Customer hasn't paid me not worth cost of lawyer but...

Howdy Keep chasing it until you get a straight answer on whether they are going to pay you or not, or a least a non-straight answer that indicates that they probably aren’t. It does not sound like you are there yet. If you figure they aren’t going to pay you, or at least pay you part, there is no go...
by WildBill
Thu May 21, 2020 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12413

Re: Selling home - low ball negotiation

I feel like I've been a jerk the past few years. My initial offers have all been 15-20% below asking price. For my current house, my initial offer was 18% below asking. The counter was slightly higher than my offer, I got it for 17% below asking in the end. If I were selling, I'd never think an inc...
by WildBill
Thu May 14, 2020 11:29 am
Forum: Forum Issues and Administration
Topic: New bogleheads induction [Request for new subforum]
Replies: 59
Views: 3777

Re: New bogleheads induction

I’ve noticed that the vast majority of new posters on this forum are still convinced regarding market timing and other similar themes. The experienced, long term posters spend a lot of time trying to (often unsuccessfully) teach these newbies. Personally, I’m starting to find it quite tiring. Wonde...
by WildBill
Tue May 12, 2020 7:49 pm
Forum: Investing - Theory, News & General
Topic: International market recovery
Replies: 146
Views: 9695

Re: International market recovery

This topic has people all over the map... and for good reasons on both sides. Both sides fermentedly hold that they have the right position.... and for good reasons on both sides. Howdy I also have very strong and fermentedly held beliefs, usually after a few beers. Happy auto complete to all. W B
by WildBill
Sun May 10, 2020 11:19 am
Forum: Personal Investments
Topic: Pre-retirement assessment
Replies: 13
Views: 1196

Re: Pre-retirement assessment

Howdy You did not mention the level of assets nor any estimation of annual expenses. Those would be necessary for any meaningful advice. Here is something of a different perspective. Some people find it useful to approach the issue with the perspective of a bond tent, or quasi LMP approach. In this ...
by WildBill
Sat May 09, 2020 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17864

Re: Quitting a job after two weeks: relocation expenses

Howdy The money is good. If you want to keep the job do the following: Create a queue with an expected value function for every project on a (virtual?) whiteboard. Push back on BS and people shining you on re value of project. Get stuff done. They hired you because you presumably know how to do it. ...
by WildBill
Wed May 06, 2020 5:55 pm
Forum: Personal Consumer Issues
Topic: Pull-ups and Push-ups
Replies: 572
Views: 148329

Re: Need to be able to do 30 chin-ups

Howdy I did something similar - used the stay at home time to try to work up to 100 consecutive pushups. I started being able to do about 60 pushups consecutive. What I did was alternate days of 4 sets each maxed out spaced out over the day, then on the other day 5 sets of 75% of max in a single 30 ...
by WildBill
Thu Apr 30, 2020 8:47 am
Forum: Personal Consumer Issues
Topic: Toyota vs. Kia Quality & Longevity
Replies: 82
Views: 5744

Re: Toyota vs. Kia Quality & Longevity

Generally speaking, I don’t think the “ Terrorist models ” are offered in the US. I imagine a lot of them have Diesel engines, minimal safety features, etc. or they are the same land cruiser we could buy here in the 70s. That model would be the Toyota Jihadi. Standard equipment includes an M2HB fif...
by WildBill
Thu Apr 30, 2020 8:24 am
Forum: Personal Consumer Issues
Topic: SHould I have my kid pursue coursera / edx courses?
Replies: 19
Views: 1248

Re: SHould I have my kid pursue coursera / edx courses?

IME, the better colleges won’t give college credit for those (online, IB, AP, etc) courses, but they are open to letting students move up the value chain by bypassing prerequisites. Additionally, some students will realize that the major they expected to want wasn’t actually what they want. Time sa...
by WildBill
Wed Apr 29, 2020 4:26 pm
Forum: Personal Consumer Issues
Topic: SHould I have my kid pursue coursera / edx courses?
Replies: 19
Views: 1248

Re: SHould I have my kid pursue coursera / edx courses?

Howdy There is no general answer because universities differ in how they award course credit for outside courses. Our experience with several universities is that if you have mastered course material outside of the university classes, it is going to benefit you in one way or another, be it credit, a...
by WildBill
Tue Apr 28, 2020 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: how to set up self employed business?
Replies: 25
Views: 985

Re: how to set up self employed business?

Howdy Bit clearer now. Forget about the S Corp. There are no advantages and you have more complexity. A sole proprietorship or LLC is fine, and as there are no major advantages to the LLC in this case I would only do the LLC if it was easy to set up. An LLC may have more “juice” when it comes to bra...
by WildBill
Tue Apr 28, 2020 2:28 pm
Forum: Investing - Theory, News & General
Topic: S&P500 >>> Total Stock Market?
Replies: 30
Views: 2664

Re: S&P500 >>> Total Stock Market?

Howdy

As always, buy whatever is cheap.

The rub, of course, is being able to determine what is cheap.

And being right.

And then having markets vindicate your judgement in some non-epochal time frame.

Happy bottom fishing

W B
by WildBill
Tue Apr 28, 2020 11:10 am
Forum: Personal Finance (Not Investing)
Topic: how to set up self employed business?
Replies: 25
Views: 985

Re: how to set up self employed business?

Howdy Not enough information to advise you properly, but here is what I did to set up Wild Bill Consulting. It is all pretty easy to do - do not complicate it. - Got a business name and registered an LLC. Structure is sort of irrelevant if it is a one man show, but having an LLC on the business card...
by WildBill
Sun Apr 26, 2020 7:30 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 20268

Re: Why am I even saving for retirement?

Will SS benefits cover all of your spending in retirement? I thought that you lived in a HCOL area. Would SS benefits still cover all of your spending in retirement if they were reduced by ~20% from 2035 forward, the SSA's most recent estimate? $94k (most of which is untaxed) with COLA should be go...