Search found 52 matches

by CJC000
Tue Apr 10, 2018 12:30 am
Forum: Investing - Help with Personal Investments
Topic: Advice on selling small paid-up whole life policy
Replies: 2
Views: 340

Re: Advice on selling small paid-up whole life policy

Check to see who the owner is. The owner is the only one who can make changes, surrender, etc. The owner is the one that will owe the tax if surrendered. These were often purchased on young children, the parents were the owners and later ownership transferred to the child. A simple phone call to the...
by CJC000
Tue Mar 13, 2018 9:15 pm
Forum: Personal Consumer Issues
Topic: Need Advice - Electric Hot Water Heater
Replies: 28
Views: 2017

Re: Need Advice - Electric Hot Water Heater

$900 to install is outrageous unless that included running a new power source, seismic strapping, insulation, etc. If you don't want to do it yourself, try an independent contractor. Remember Oxygen is not combustable, it vigorously supports combustion. Maybe going to electric is overkill?
by CJC000
Tue Mar 13, 2018 2:07 pm
Forum: Personal Consumer Issues
Topic: Mac Newbie Needs help with MacBook Safari Browser Bookmarks. How to move or sync? Thanks @@
Replies: 6
Views: 546

Re: Mac Newbie Needs help with MacBook Safari Browser Bookmarks. How to move or sync? Thanks @@

Make sure your device you want to sync is yours, not your wife or kids. I made the mistake of having the same Apple password on my iMac and my wife laptop - huge mess. She would make a change, showed up on my Mac and vice versa. Try this link: http://www.idownloadblog.com/2014/06/20/sync-bookmarks-m...
by CJC000
Tue Mar 13, 2018 1:35 pm
Forum: Personal Consumer Issues
Topic: Need Advice - Electric Hot Water Heater
Replies: 28
Views: 2017

Re: Need Advice - Electric Hot Water Heater

We just replaced our "shop" electric water heater with a Westinghouse (HTC brand) stainless steel tank from Home Depot. You can get the 40gal for $670, the 52 gal is $679. These have a lifetime tank warranty, NO anodes needed, 6 yrs parts. HD can install for a reasonable fee. It will take a dedicate...
by CJC000
Sat Mar 10, 2018 7:30 pm
Forum: Personal Consumer Issues
Topic: Chain Saw pruner or Pole Saw?
Replies: 24
Views: 2092

Re: Chain Saw pruner or Pole Saw?

We have 6 acres with ~400 oak trees that need constant trimming. I started out just like you, big box manual pole saw, professional Fanno saw then finally went to our local Stihl dealer and he convinced me to get a Stihl HT 131. I love this tool. It has a learning curve to get good and it will wear ...
by CJC000
Tue Feb 20, 2018 1:58 pm
Forum: Personal Consumer Issues
Topic: Alaska Cruise Suggestions
Replies: 23
Views: 1916

Re: Alaska Cruise Suggestions

We did an Alaska cruise in 2014 on Holland. A group of four in our early 60's, we were some of the youngest on the ship. Alaska is a "bucket list" for lots of folks so tons of older travelers. Each cruise line caters to different clients. Holland older, maybe affluent. Carnival families, Princess mo...
by CJC000
Wed Feb 07, 2018 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance, Schwab, Vanguard, Confusion.
Replies: 10
Views: 1237

Re: Inheritance, Schwab, Vanguard, Confusion.

If you have a local Schwab office nearby, call and make an appointment with the agent. In an hour or less he can answer all your questions, move any funds, make sure naming and beneficiaries are correct on the Trust - - all for free. You can keep your Vanguard funds if you wish to in the Schwab acct...
by CJC000
Tue Jan 30, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Another Cancel Life Insurance Question
Replies: 7
Views: 641

Re: Another Cancel Life Insurance Question

Have you asked your wife?
I am in a similar situation and felt it was time to let my 20yr term lapse, wife said no, lets keep it...
by CJC000
Sun Jan 28, 2018 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity mistake -- what next?
Replies: 13
Views: 1575

Re: Annuity mistake -- what next?

He got a commission if you have a penalty to get out of the annuity unless you have some kind of a guarantee rider or something in your contract. In my experience a 7 yr penalty = 7% commission, 10 yr = 10%, no penalty, no commission, etc. The 5% penalty is no big deal, the fees are more than that i...
by CJC000
Tue Jan 23, 2018 2:22 pm
Forum: Personal Consumer Issues
Topic: SoCal Ipe deck cost?
Replies: 17
Views: 1170

Re: SoCal Ipe deck cost?

We have a 900sq foot 5/4 Mahogany deck. It’s a maintenance nightmare. Unless your south facing deck will be covered, the sun will really damage the Ipe over time and it will need yearly upkeep, more as it ages. How the wood is placed is critical in the cost estimate. You need to use hidden fasteners...
by CJC000
Thu Jan 18, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 198
Views: 16560

Re: Stats on When People Take Social Security

I ran all the calculators, made Excel spreadsheets and read all I could about SS. My plan is to take SS at 66 based on our annual budget projections. AF pension and SS at 62 covers 90% of our budget. I would need to cover that 10% with 401K money for the foreseeable future. AF pension and SS at 66 c...
by CJC000
Fri Jan 05, 2018 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 4060

Re: Should we keep this variable annuity?

Thank you--yes, I will post what we decide to do and what advice we might get from the two advisors I may reach out to. (The two websites mentioned earlier in this thread.) We were also told that at a certain point the surrender fee was the same as the fees to keep the product, but we just kept sta...
by CJC000
Fri Jan 05, 2018 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 4060

Re: Should we keep this variable annuity?

We were sold four annuities from 2007-13 by our “friend” advisor totaling over $400K. Three of them were in IRA’s! I retired in 2014 and started looking more carefully into them and realized how misled and foolish I had been. I have a good pension so didn’t need to buy this kind of product at all. W...
by CJC000
Fri Jan 05, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 4060

Re: Should we keep this variable annuity?

Your story is classic for greedy FA’s to prey on: recent market decline, job insecurity, and fear . No expert here, but this is what I see: Brighthouse AA 60 performance as of 11/30/17: 1yr=8%, 3yr=3.14%, 5yr=6.22%, 10yr=4.01% SSGA ETF: 1yr=13.19%, 3yr=3.80%, 5yr=6.97%, 10yr=3.93% OK, not the best b...
by CJC000
Wed Jan 03, 2018 8:26 pm
Forum: Investing - Theory, News & General
Topic: Non Public-traded REIT nightmare continues
Replies: 18
Views: 3024

Re: Non Public-traded REIT nightmare continues

+1000 We were sold three of these horrible products by our now fired “trusted advisor”. Come to find out he made a 10% immediate commission on the sale and may have had a trail on them also. One went public (NYRT) which we sold after a few months and actually made a small profit, it has tanked since...
by CJC000
Sat Dec 16, 2017 5:55 pm
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 123
Views: 25385

Re: 2nd million is easier!

"It's mathematically easier to earn the second million because far less compounding is needed."

Exactly like the SR 71 Blackbird: The faster it goes, the faster it goes faster!

Well done!!
by CJC000
Mon Oct 30, 2017 9:52 pm
Forum: Personal Consumer Issues
Topic: Fuel treatments for small engines
Replies: 32
Views: 2780

Re: Fuel treatments for small engines

Never let small engines with fuel containing ethanol sit for any length of time. They will run fine at first, but the fuel will not keep, corrodes the fuel bowl and other small components of the carburetor. My local Stihl dealer won't let a power tool leave his store unless you promise to use ethano...
by CJC000
Wed Sep 27, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: I inherited a life insurance policy that is upside down?
Replies: 21
Views: 2563

Re: I inherited a life insurance policy that is upside down?

Call the Insurance Company and ask them. As the owner now you have total control over the policy, they will give you your cash out value and also tell you what portion will be taxable as capital gains and if there is a loan against the policy. Unless the previous owner (?) took out a loan on the pol...
by CJC000
Sat Apr 22, 2017 8:21 pm
Forum: Personal Consumer Issues
Topic: Any golfers played Bandon Dunes on the Oregon coast?
Replies: 5
Views: 828

Re: Any golfers played Bandon Dunes on the Oregon coast?

Not a golfer but have been to Bandon and the Bandon Dunes many times. Beautiful area, can’t see much of the courses unless you play. No carts and I think you will need a caddy. DW and her friends have an annual retreat in Bandon and eat at the restaurant, usually the only women there, wonderful view...
by CJC000
Fri Apr 14, 2017 3:03 pm
Forum: Personal Consumer Issues
Topic: Washer/dryer suggestions?
Replies: 43
Views: 5019

Re: Washer/dryer suggestions?

Our next W/D will be Speed Queen. Commercial quality, metal gears not plastic. Built to last.
All the big box models (Samsung, LG, etc) are plastic junk with fancy fronts and little used cycles with tons of buttons...
by CJC000
Thu Mar 30, 2017 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 164
Views: 15447

Re: When do you plan to die?

When you apply for life insurance, some of the first questions they ask usually deal with family history. It must be very important to their underwriters.
My father died at 48 yrs, older brother at 52. I'm 63 so I'm thankful to just take it one day at a time...
by CJC000
Sun Mar 26, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Is there any downside to Home Equity line of credit even if we won't use it immediately?
Replies: 24
Views: 3768

Re: Is there any downside to Home Equity line of credit even if we won't use it immediately?

I made the mistake of waiting on a HELOC! I liked the idea of having a line of credit available as an emergency even if I rarely used it. I applied for one after I retired and I did NOT qualify!! The banks need documented income to quality. I was using non-qualified savings, waiting on SS, seven fig...
by CJC000
Sun Mar 26, 2017 11:44 am
Forum: Personal Consumer Issues
Topic: John Deere 1025R with Mower
Replies: 10
Views: 2309

Re: John Deere 1025R with Mower

Oh, and when mowing hills be sure to take the front bucket off, it's a lot less tippy then...
by CJC000
Sun Mar 26, 2017 11:33 am
Forum: Personal Consumer Issues
Topic: John Deere 1025R with Mower
Replies: 10
Views: 2309

Re: John Deere 1025R with Mower

I have a JD 2210 with a 62" mid mount mower deck that we use to keep the grass/weeds down on 6+ acres. We have lots of oak trees, hills and other obstacles. I really abuse this mower and it performs beautifully. The blades last years, I sharpen annually, and replacement costs ~$75 for a set of three...
by CJC000
Sat Mar 25, 2017 1:12 pm
Forum: Personal Consumer Issues
Topic: Anyone replaced a pickup with an SUV?
Replies: 35
Views: 5574

Re: Anyone replaced a pickup with an SUV?

The new Honda Ridgeline may be worth a look. The "Black Edition" looks pretty nice. It is supposed to have a bigger bed than the Tacoma and Colorado.
by CJC000
Sat Mar 25, 2017 11:02 am
Forum: Personal Consumer Issues
Topic: Anyone replaced a pickup with an SUV?
Replies: 35
Views: 5574

Re: Anyone replaced a pickup with an SUV?

I'm waiting to trade in my 05 F150 for the Ford Ranger coming out in 2018. Not sure of the bed size but the specs should be available online. Not a SUV but smaller than a full size truck.
by CJC000
Thu Mar 23, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Non-traded REIT - Analyzing how horrible, and trying to get out
Replies: 30
Views: 3656

Re: Non-traded REIT - Analyzing how horrible, and trying to get out

I was sold three Non-traded REITS by our "friend/advisor" a few years ago - -still burning over that... One converted to NYRT and we made a small amount. The second one I have been selling slowly through their share redemption program (if they have the money :| ). We have ~ 50% left. The third had s...
by CJC000
Wed Jan 25, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Dental School Financial Preparation Help
Replies: 19
Views: 2468

Re: Dental School Financial Preparation Help

Something to consider if it is the right fit for your family: Health Professions Scholarship Program (HPSP) They’ll pay for two, three, or four years of dental school (and required fees/expenses) They’ll also (on top of paying for schooling) pay you approximately $25k/year for living expenses You do...
by CJC000
Sat Jan 07, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: should i surrender my fixed indexed annuity
Replies: 13
Views: 1288

Re: should i surrender my fixed indexed annuity

Welcome, I had a similar situation with annuities that were sold to us by a very "trusted" advisor. Once I started reading Bogleheads, Annuity Slayer, Kites, I realized the outrageous mistake. Not trying to recommend Schwab but this is what worked for us: I made an appointment with our local office,...
by CJC000
Sat Jan 07, 2017 2:35 pm
Forum: Personal Consumer Issues
Topic: Alaska cruise - Help me convince my family
Replies: 60
Views: 5473

Re: Alaska cruise - Help me convince my family

We did a land and sea cruise in August 2014 on Holland. Trip was amazing, Denali wonderful and the mountain was out. Took a small plane to Kantishna and bus out, saw tons of wildlife. Cruise was OK, you really need to be aware who the cruise lines cater to. Holland is a much older, "sophisticated" g...
by CJC000
Thu Dec 01, 2016 9:37 pm
Forum: Personal Consumer Issues
Topic: How to Remove a Broken Screw from Mailbox?
Replies: 19
Views: 1853

Re: How to Remove a Broken Screw from Mailbox?

Replace with a Fort Knox mailbox. Expensive, but will last generations...
by CJC000
Wed Nov 30, 2016 1:45 am
Forum: Personal Consumer Issues
Topic: Selling a life insurance policy
Replies: 9
Views: 1383

Re: Selling a life insurance policy

Those Annuity/Insurance actuary tables give your Dad 3.4 years. He can gift each child $14K and they can pay his premium for him, reducing his estate. The Trust or a child should be the owner and the beneficiaries so that the proceeds are not in his estate. The estate will possibly owe taxes on $2.5...
by CJC000
Tue Nov 22, 2016 8:12 pm
Forum: Investing - Theory, News & General
Topic: Best way to claim life insurance payout?
Replies: 10
Views: 1888

Re: Best way to claim life insurance payout?

My wife was the beneficiary of her parents life insurance (Mass Mutual). Several options were presented, lump sum, etc and they had a holding account that paid a very competitive rate. She chose that, they issued her a check book to draw on the account. I believe there was a minimum (~$100) per chec...
by CJC000
Tue Nov 22, 2016 2:11 pm
Forum: Personal Consumer Issues
Topic: "Musk Says Tesla’s Solar Shingles Will Cost Less Than a Dumb Roof"
Replies: 78
Views: 11012

Re: "Musk Says Tesla’s Solar Shingles Will Cost Less Than a Dumb Roof"

I hope he succeeds. However, politics and your local electric company will determine the future of his products. Research Musk vs Buffett solar wars. Buffett won that battle and effectively killed the solar industry in Nevada. I do not see the day when we all have these on our roofs...
by CJC000
Tue Nov 22, 2016 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Whole life - 7 "pithy" questions to ask the salesman
Replies: 43
Views: 5758

Re: Whole life - 7 "pithy" questions to ask the salesman

+100 for SGLI and or USAA Level Term Insurance. Remember, life insurance is PROTECTION, never an investment...
If you need protection (wife, debt, kids, etc) buy it, otherwise invest the cost of a premium.

Thank you for your service!
by CJC000
Sun Nov 13, 2016 5:30 pm
Forum: Investing - Theory, News & General
Topic: Non publicly traded REIT buyback offer
Replies: 14
Views: 1920

Re: Non publicly traded REIT buyback offer

Checked with Central Trade & Transfer, a secondary market auction site I used in the past. Inventrust Properties sold for $1.70 - $2.06 over the last two months. I would say take the offer and be done with it...
by CJC000
Tue Nov 08, 2016 1:31 am
Forum: Personal Consumer Issues
Topic: Tipping Fedex/UPS guy?
Replies: 53
Views: 21197

Re: Tipping Fedex/UPS guy?

You can easily judge the character of a man by how he treats those who can do nothing for him
We tip, generously...
by CJC000
Sun Nov 06, 2016 9:13 pm
Forum: Personal Consumer Issues
Topic: which pickup truck
Replies: 67
Views: 9265

Re: which pickup truck

Todays full size trucks are huge. Unless you need to pull a large 5th wheel or move heavy items all the time, the smaller trucks fit the bill nicely. Dodge now has a half ton with an Italian diesel that gets 30mpg. This diesel has been available in Europe for a long time. Another nice truck is the G...
by CJC000
Sat Oct 29, 2016 12:31 pm
Forum: Personal Consumer Issues
Topic: Shipping a car
Replies: 13
Views: 1797

Re: Shipping a car

People do it on eBay all the time. You can look at a similar car and see what shippers they use and get a star rating. Then call three for an estimate and time frames. Good luck!
by CJC000
Sun Oct 16, 2016 5:50 pm
Forum: Forum Issues and Administration
Topic: Bogleheads is back!!!
Replies: 100
Views: 14995

Re: Bogleheads is back!!!

I was sure the Russians did it. They seem to get the blame for all the cyber attacks these days...
by CJC000
Tue Sep 27, 2016 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor choices [did my advisor invest wisely for me?]
Replies: 48
Views: 3950

Re: Advisor choices [did my advisor invest wisely for me?]

Posts like this make me sick to my stomach and reinforces my distain for the financial industry. Your FA is in a rush to sell these products now because with the new DOL fiduciary rules coming out in 2017, these will not be allowed. Similar situation, liked and trusted our FA and after retirement wh...
by CJC000
Mon Sep 26, 2016 5:05 pm
Forum: Personal Consumer Issues
Topic: Stain Our Deck Before Winter - $3,000 or DIY?
Replies: 41
Views: 4188

Re: Stain Our Deck Before Winter - $3,000 or DIY?

Not sure why OP wants to do this now so his nicely finished deck sets under snow for three months. I do our deck in the spring when it warms up and we can enjoy it fresh all summer. If you used Arborcoat water based your stuck with water based unless you sand it. I prefer solvent based finishes for ...
by CJC000
Sun Sep 25, 2016 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited Whole Life Insurance Policy
Replies: 9
Views: 1727

Re: Inherited Whole Life Insurance Policy

You need to call the Insurance company on Monday, give them the details and they will tell you the cost basis. The remaining net will be taxable to you if you cash it out. Your CPA can tell you the exact tax hit for your bracket. It may be less than you think...
by CJC000
Sat Sep 24, 2016 1:16 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance Help
Replies: 8
Views: 1195

Re: Whole Life Insurance Help

I’m not trying to sound cold, but if the insured family member is elderly, has health issues or a short life expectancy - - you should keep it.
by CJC000
Sat Sep 24, 2016 1:06 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance Help
Replies: 8
Views: 1195

Re: Whole Life Insurance Help

Whole life has three important players: The insured, the beneficiary, and the owner. So it can be two or three individuals involved. The owner is the only one who can make changes or cash out the policy. This isn’t clear in your initial post. Whole life policies have a cost basis that NWM can figure...
by CJC000
Sun Sep 18, 2016 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Help Me Analyze Finances Of Dental Practice I Might Buy Into [USA]
Replies: 50
Views: 3769

Re: Help Me Analyze Finances Of Dental Practice I Might Buy Into [USA]

Retired endodontist here (twice), 21 yrs USAF, 14yrs private practice. Please seek a mentor, close dental friend, or classmate for advise, someone you respect. Bogelheads give amazing advise/opinions, but dental specialties are unique. Never in my years have I heard of such a convoluted buy-in plan....
by CJC000
Thu Sep 08, 2016 6:34 pm
Forum: Personal Consumer Issues
Topic: Any Porsche 911 owners here?
Replies: 142
Views: 18176

Re: Any Porsche 911 owners here?

Whenever my colleagues and I were together and we saw a 911 someone always told the joke about the difference between a porcupine and a Porsche. We’d all laugh but truth be told, all of us would have given our eye teeth for one. Have to admit that the optics of ownership can be bad depending on wher...
by CJC000
Sun Aug 07, 2016 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Should I keep this JH Annuity??
Replies: 13
Views: 2049

Re: Should I keep this JH Annuity??

I spent the morning reading from Moshe Milevsky on annuities and kitces.com “Nerd’s Eye View”. Very good information on annuities. That along with the last few posts has given me pause about cashing out the JH Annuity. It appears that keeping it makes sense if I live another 20-30 yrs, that’s the un...
by CJC000
Sat Aug 06, 2016 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Should I keep this JH Annuity??
Replies: 13
Views: 2049

Re: Should I keep this JH Annuity??

I decided to cash it out. How did I arrive at this conclusion? I called John Hancock. After a very long call queue, got a nice lady with a heavy accent, maybe from India? I asked about the death benefit, she said "very interesting question" depends on if its dollar for dollar with withdrawals or Pro...