Search found 121 matches

by Artful Dodger
Mon Oct 09, 2017 7:03 pm
Forum: Personal Consumer Issues
Topic: Is there boglehead consensus on buying a car?
Replies: 73
Views: 4809

Re: Is there boglehead consensus on buying a car?

My opinion: if you're buying something like civic, buy it new (or really old if you like a beater). I doesn't pay to buy a 2 year old civic or Accord because they hold a lot of their value. You don't know how the previous owner treated the car and to save a couple of thousand on a 20k plus car does...
by Artful Dodger
Mon Oct 09, 2017 4:16 pm
Forum: Personal Consumer Issues
Topic: Asking for discounts
Replies: 59
Views: 6388

Re: Asking for discounts

The one that surprised me the most was for auto repair. I had a 2003 Audi and had purchased the extended warranty for 50K to 100K. Whenever I took it in for services, they would give me the bill which would show something like $2200 for the services, show the warranty company had paid $1650, and I o...
by Artful Dodger
Sat Oct 07, 2017 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Specific Question About Fidelity 401k Tax Withholding
Replies: 8
Views: 497

Re: Specific Question About Fidelity 401k Tax Withholding

I would say yes to both. But call to confirm. They're easy to work with. I've made several distributions with 50% going toward taxes, but usually just federal. I have several options set up under transfers, and State tax withholding comes up in the drop box when I'm doing the transfer online.
by Artful Dodger
Fri Oct 06, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Starting a Business While Working
Replies: 5
Views: 738

Re: Starting a Business While Working

If I understand you, you will continue to buy product from your current company, and sell to the end consumer. The problem as I see it, and you have identified, is you will be competing with your customers. Whether you share confidential info or not, you will be seen as ethically compromised. If you...
by Artful Dodger
Fri Oct 06, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 5756

Re: Question About Long Term Care

As of my next anniversary, I and my wife with have a $199 daily benefit each for 5 years. We have a spousal rider, so if one of us would go on claim, and exhaust our 5 years of benefits, we can access our spouses' 5 years of benefits, up to the policy's 10 year max (thereby decreasing the other's p...
by Artful Dodger
Thu Oct 05, 2017 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 5756

Re: Question About Long Term Care

As of my next anniversary, I and my wife with have a $199 daily benefit each for 5 years. We have a spousal rider, so if one of us would go on claim, and exhaust our 5 years of benefits, we can access our spouses' 5 years of benefits, up to the policy's 10 year max (thereby decreasing the other's po...
by Artful Dodger
Wed Oct 04, 2017 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Dental/Vision Insurance for Newborn
Replies: 20
Views: 1157

Re: Dental/Vision Insurance for Newborn

Read your regular health insurance policy carefully. I'm pretty sure the ACA mandates vision coverage for children under age 19. In other words, your health insurance should cover anything that comes up. As for dental, I'd probably wait and add your kid during open enrollment next year. Most folks ...
by Artful Dodger
Wed Oct 04, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Is this housing budget reasonable?
Replies: 28
Views: 1311

Re: Is this housing budget reasonable?

To your original question, I think the house payment is affordable based on your income. One thing you might consider is backing off the down payment some, and leaving that money in your emergency fund, maybe an additional $25000. Based on your estimate, that should still leave the payment in the $1...
by Artful Dodger
Tue Oct 03, 2017 8:49 pm
Forum: Personal Consumer Issues
Topic: Visiting Paris - should we buy tickets in advance?
Replies: 37
Views: 1634

Re: Visiting Paris - should we buy tickets in advance?

We just returned. I think crowds would be less in November. We pre booked Lourve tour, Versailles, and Giverny. The Versailles and Giverny tour was a small group tour that took a whole day. The Lourve tour we got through Viator. It was 3 hrs with a great guide who really made the tour worthwhile. It...
by Artful Dodger
Mon Oct 02, 2017 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: VWEHX High-Yield Corporate bond
Replies: 26
Views: 1584

Re: VWEHX High-Yield Corporate bond

Hi, I've owned the fund for probably 20+ years in a variety of accounts. If we go into a recession that would likely cause a drop in the underlying bond prices, and likely a 5-10% drop in the fund. As noted earlier, it dropped 21% in 2008. However, assuming there is a recovery, the fund will recover...
by Artful Dodger
Sat Sep 30, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 5756

Re: Question About Long Term Care

Learning_head, A I said initially, I recommend the purchase if you have the assets to protect and income to support the premium. Even with the increase, what I will be paying is for me a reasonable cost to transfer the risk of paying long term care from me to a third party. Insurance companies did u...
by Artful Dodger
Fri Sep 29, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 5756

Re: Question About Long Term Care

Check on some policy costs and options available. I will always say it makes sense to buy the policy if you have the assets or income to afford it. We pay now about $2600 annual, with the cost going up 50% next year. We've had the plan 6 or 7 years, and this is the first increase. So, when retired, ...
by Artful Dodger
Thu Sep 28, 2017 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance question - family deductibles
Replies: 12
Views: 758

Re: Insurance question - family deductibles

Yes, for your wife. In your $5000 example, you pay the $1300 deductible, then 20% of the $3700 balance or $740, so $2140 total. Under the new HC laws, all copays also count toward out of pocket. This all assumes you have a traditional type (embedded deductible) plan. High deductible (HSA compatible ...
by Artful Dodger
Wed Sep 27, 2017 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: United Healthcare Preventive Health plan
Replies: 4
Views: 479

Re: United Healthcare Preventive Health plan

This is what is called a MEC plan. MEC being minimum essential coverage. MEC plans offer full preventive care but limited other benefits, and often don't provide any hospitalization coverage. Under the PPACA law, employers with more than 50 full time employees have to offer health coverage to their ...
by Artful Dodger
Wed Sep 27, 2017 10:49 am
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11057

Re: The Rolex and The Boglehead

Who said Rolex's don't hold their value? https://www.youtube.com/watch?v=olawVhNhJqw That man was beside himself in shock. Great video, thanks for sharing. Definitely a cool video! Finding $80,000 under your mattress would be pretty nice! (Of course, since this is Bogleheads....if he had invested t...
by Artful Dodger
Mon Sep 25, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Invest, or Buy a $25,000 Screened-in Deck?
Replies: 24
Views: 2230

Re: Invest, or Buy a $25,000 Screened-in Deck?

If it makes you feel any better, $25,000 invested with a 5% return for 10 years, will only grow to $40,722. I say go for it! :D I think a deck would really increase our quality of life, but I can't help but think of the opportunity cost --- e.g., investing that $25,000 and getting a 5% return over 1...
by Artful Dodger
Mon Sep 25, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Wife's Business Losing Money - Can She Deduct A Salary?
Replies: 14
Views: 2623

Re: Wife's Business Losing Money - Can She Deduct A Salary?

No, you don't want to compensate her for her time. That would involve paying both employer and employee portion of social security tax, unemployment comp, and possibly worker's comp. As others have noted, if you are filing now as a sole proprietor, and you are in start up mode losing money, then you...
by Artful Dodger
Thu Sep 21, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Help me calculate returns on Whole Life Policy - Keep it or cancel it?
Replies: 19
Views: 1575

Re: Help me calculate returns on Whole Life Policy - Keep it or cancel it?

Hi Yowzer, I have some similar policies from NWM. I'll look at mine in more detail, and let you know what I think. I can tell you I elected to keep mine based on the increase in cash value I was getting, and have always looked at them as a bond equivalent and included as such in my AA. That 2nd one ...
by Artful Dodger
Wed Sep 20, 2017 1:53 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 12495

Re: Any "average Joe" here actually make out well with individual stocks?

I used to buy a lot of individual stocks in the 90s and early part of the 2000s. I was beating the S&P, but I got clobbered pretty bad on two bank stocks when the 2008 crash came. My other stuff went down, but so did most funds so I wouldn't have been any different, but for my shares of Countrywide ...
by Artful Dodger
Tue Sep 19, 2017 11:19 am
Forum: Personal Consumer Issues
Topic: How much do you spend on "entertainment"?
Replies: 50
Views: 3389

Re: How much do you spend on "entertainment"?

Anyways, that brings me to the question posed in the title of this post. I am cognizant that this forum hosts a variety of age groups, but I'd be curious to know what others spend each month on "entertainment"....., just genuinely want to know where others stand. Older than you, kids out of house. ...
by Artful Dodger
Mon Sep 18, 2017 2:34 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2617
Views: 835096

Re: What Book Are You Currently Reading? Part VI

The Paris Wife by Paula Mclain - My wife just finished this, and was actually reading while we were in Paris a couple of weeks ago. She really liked it, so I decided to read it, and enjoyed thoroughly as well. It is the story of Hadley Richardson, who at the age of 28 married a very young Ernest He...
by Artful Dodger
Mon Sep 18, 2017 1:19 pm
Forum: Personal Consumer Issues
Topic: Audio books
Replies: 28
Views: 1737

Re: Audio books

i hate audio books 'cause usually the voice of the reader is terrible I have rarely listened to a narrator that was awful. On Audible / Amazon you can hear an excerpt of the audiobook to determine whether the voice appeals to you. I have listened to audiobooks where I felt the narrator has actually...
by Artful Dodger
Fri Sep 15, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Have Obamacare and want to self pay
Replies: 16
Views: 1453

Re: Have Obamacare and want to self pay

I would tell them you have no coverage, and see what they offer. For all intents, if they have no contract with your carrier, then you have no insurance coverage. Keep in mind, none of the services they provide will be credited to your deductible and out of pocket. Alternately, do a network search f...
by Artful Dodger
Fri Sep 15, 2017 3:03 pm
Forum: Personal Consumer Issues
Topic: Audio books
Replies: 28
Views: 1737

Re: Audio books

I still suggest Audible . When you have their 1 book/month plan, you are also provided significant discounts of other books and credits. Say you have gone through a shorter book before the next credit, another credit or a particular book can be purchased. Another bonus is, if you don't like the boo...
by Artful Dodger
Fri Sep 15, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Having mortgage during retirement. Max retirement saving now
Replies: 19
Views: 1760

Re: Having mortgage during retirement. Max retirement saving now

The main driver for me is the tax consequence in retirement. Almost all my money is in IRAs or 401Ks, with a much smaller amount in my ROTH. My plan now is to have about a 10% effective federal tax rate. If I leave the mortgage til retirement, I'll be paying at least a portion of it with money taxab...
by Artful Dodger
Sun Aug 27, 2017 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi or RM
Replies: 18
Views: 852

Re: LTCi or RM

Costs go up. My property insurance has doubled in 10 years. My property tax has gone up 60% over the past 8 years. Illinois just raised our income tax 65%. My Genworth policy, bought 9 years ago next January, is going up 50%. Will I keep it? - yes / I hope I (or my wife) never use it. By all means, ...
by Artful Dodger
Sun Aug 27, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Additional healthcare inflation term due to one's own aging.
Replies: 5
Views: 454

Re: Additional healthcare inflation term due to one's own aging.

Keep in mind, your cost of healthcare is the sum of the cost of coverage / insurance + coverage deductibles, coinsurance & non-covered services + your health status. A person at age 60-64 may be paying $500-$1000 / month for coverage, and $1000 - $7000 in deductibles, and paying for dental and visio...
by Artful Dodger
Sun Aug 27, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Self insure vs Medigap when on "traditional" Medicare
Replies: 73
Views: 4790

Re: Self insure vs Medigap when on "traditional" Medicare

It is very common here to see many recommendations to "self insure" for many kinds of risks and potential expenses. Maybe I have missed them, but I don't recall seeing such recommendations to "self insure" for expenses not covered by regular Medicare vs. purchasing a Medigap supplement. Wouldn't ch...
by Artful Dodger
Thu Aug 24, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Allocating Cost for Health Insurance In Retirement?
Replies: 6
Views: 700

Re: Allocating Cost for Health Insurance In Retirement?

Some options - 1) Consider a delay in retirement. 2) Ask employer if they have an option to continue COBRA for longer than 18 months. The COBRA law sets a minimum standard. Employers (especially larger and or self-insured) can allow a longer period. Smaller employers have to follow insurance company...
by Artful Dodger
Wed Aug 23, 2017 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Sharing information with insurance agents.
Replies: 18
Views: 1457

Re: Sharing information with insurance agents.

They ask for a few reasons. One - there needs to be insurable interest - in the case of the umbrella policy, you are purchasing coverage to protect your assets which are in excess of the minimum requirement in most homeowner / auto policies. Providing income and / or assets helps substantiate the ne...
by Artful Dodger
Tue Aug 22, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: I did it and feel great about it (paid off mortgage)
Replies: 53
Views: 5799

Re: I did it and feel great about it (paid off mortgage)

In order to get the mortgage paid off sooner and not pay more money each month speak to a bank representative about paying 1/2 the mortgage payment every 2 weeks. It lessens the time period to pay and it also lessens the total interest paid. There`s no extra charge for this. You have to fill out so...
by Artful Dodger
Mon Aug 14, 2017 11:23 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey spends two segments on his investing advice
Replies: 65
Views: 7355

Re: Dave Ramsey spends two segments on his investing advice

For what its worth. From Investopedia... Growth Fund Comparison American Funds' Growth Fund of America (AGTHX) is a large-cap equity fund that focuses on capital growth. Portfolio managers practice active stock selection. The fund has an expense ratio of 0.65% and a turnover rate of 29%. Its annuali...
by Artful Dodger
Wed Aug 02, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: How far off are Zillow's estimates?
Replies: 82
Views: 7947

Re: How far off are Zillow's estimates?

Interesting. I just looked at my fidelity full view account. They give you the option of adding the cost in manually or using a service called SmartZip. The SmartZip estimate matches the tax office market value exactly, which is probably a little less than the actual market value. Zillow has a sligh...
by Artful Dodger
Mon Jul 31, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance for 30 year old single income
Replies: 16
Views: 777

Re: Disability Insurance for 30 year old single income

You already have a substantial plan through your employer.

Do you want to spend $2000 a year on a policy solely because you might lose you job and have a decline in health that will make you uninsurable?
by Artful Dodger
Fri Jul 28, 2017 4:53 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3015
Views: 883792

Re: What Movie Have You Recently Watched?

My wife and I saw last week. Great movie, and really enjoyed it. I did not know before we saw it that was based on a true story, and whether much was changed for dramatic impact.
by Artful Dodger
Fri Jul 28, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: help with the appraisal process
Replies: 21
Views: 1326

Re: help with the appraisal process

I've had appraisals done by the bank to justify the loan made, and I've had appraisals done to argue with the tax assessors' office on my tax. I live in a high real estate tax state (Illinois), so have done a couple of times to get my tax bill lowered. I know if I had two appraisals done, one throug...
by Artful Dodger
Tue Jul 25, 2017 7:41 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2617
Views: 835096

Re: What Book Are You Currently Reading? Part VI

I'm about 1/4 the way through Since We Fell by Dennis Lehane. So far, so good. didn't realize he had a new one out. Be interested in your reaction after finishing. I like Lehane - his early books are basically "airplane" books but he really refined his skills along the way. This started off well en...
by Artful Dodger
Fri Jul 21, 2017 12:34 pm
Forum: Personal Consumer Issues
Topic: Keurig vs coffeemaker - and the Keurig won
Replies: 53
Views: 4097

Re: Keurig vs coffeemaker - and the Keurig won

I have both, traditional carafe at home, Keurig at office. I make 6 cups each morning in the carafe, so maybe 4 or 5 mugs. Sometimes I'm the only one who drinks it so a lot goes to waste. I'll have one or two mugs. Based on actual drank coffee, we're probably paying $.25 / $.30 per mug. When I get t...
by Artful Dodger
Tue Jul 18, 2017 4:52 pm
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 12756

Re: Books not to read.

I think I read the Millionaire Next Door when it came out; I remember it positively, and don't recall being made to feel like a worthless bum. It made the point that there are many of us who live within (and below) our means, save, invest, start businesses, and get ahead financially. Instead of buyi...
by Artful Dodger
Tue Jul 18, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Questions before I buy
Replies: 8
Views: 681

Re: Term Life Insurance Questions before I buy

I would agree with the points Rupert outlined re amount of coverage. Buy coverage for both of you. You'll appreciate that you bought a 30 year plan, and as noted, you can always drop if you really don't need. The employer offered life is probably age banded, and rates likely will go up every five ye...
by Artful Dodger
Tue Jul 18, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Company Car Questions
Replies: 3
Views: 563

Re: Company Car Questions

Usually having a company paid car is a good deal. They will likely provide you with a report of imputed income, and you will pay some tax on that. But, the savings (insurance, gas, maintenance, etc.) will far outweigh the additional tax.
by Artful Dodger
Mon Jul 17, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA vs. ACA plan - what to consider?
Replies: 48
Views: 3127

Re: COBRA vs. ACA plan - what to consider?

If you elect COBRA, you can switch to an ACA plan at the next open enrollment. You can also switch to ACA coverage when the COBRA runs out. Depending on circumstances, you may be eligible for a Special Enrollment Period, and be able to switch before the open enrollment period.
by Artful Dodger
Mon Jul 17, 2017 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA vs. ACA plan - what to consider?
Replies: 48
Views: 3127

Re: COBRA vs. ACA plan - what to consider?

For those mentioning the 18 month limit, in case of divorce, COBRA benefits may be extended up to 36 months.
by Artful Dodger
Mon Jul 17, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA vs. ACA plan - what to consider?
Replies: 48
Views: 3127

Re: COBRA vs. ACA plan - what to consider?

I would lean towards the COBRA, especially if cost is comparable. You already know what you have as far as benefits and provider network. At mid year, COBRA option is more attractive because you will have any copays, deductible, coinsurance count toward this year's out of pocket limit; with ACA, you...
by Artful Dodger
Fri Jul 14, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Temp Whole life insurance for uninsurable person
Replies: 10
Views: 808

Re: Temp Whole life insurance for uninsurable person

If, as you say, he is looking to travel in a week, then no. Looks like 3 to 5 weeks from application to effective date. If they have to request further info, that will delay as well. From your link... What happens after I complete my application? You will be contacted in about 7 to 14 business days ...
by Artful Dodger
Thu Jul 13, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 10845

Re: Do you count vehicle equity in net worth?

As you noted -

Cash (bank accounts) + investments + home market value - mortgage = net worth.

Do not count present value of spouse pension or future social security.
by Artful Dodger
Tue Jun 27, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: HD/HSA insurance option at work - some general advice needed
Replies: 3
Views: 286

Re: HD/HSA insurance option at work - some general advice needed

Without knowing more detail, it's hard to give more detailed answers, but If your deductibles and out of pocket are similar to the PPO, that would be a definite plus. Is your deductible accumulation period calendar year? If so, will any deductible carry over from the PPO? The biggest drawback I see ...
by Artful Dodger
Mon Jun 26, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Started a new job - Need advice on health insurance
Replies: 19
Views: 1391

Re: Started a new job - Need advice on health insurance

I have narrowed it down to the CIGNA HSA or Bluecard HSA. Here's the problem. With CIGNA I can't search the doctors without registering on the website. See: https://www.cigna.com/hcpdirectory/ With Bluecard, I can do it easily from: http://provider.bcbs.com/ Why on earth does Cigna not make it easy...
by Artful Dodger
Fri Jun 23, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Personal training and massage expenses
Replies: 14
Views: 1393

Re: Personal training and massage expenses

In general - no to massages, personal trainers, health club memberships. Health club memberships are listed as specific exclusions under section 105, 213 allowable medical expenses. Employers can provide health club memberships as perks but are supposed to include fee paid on employee W-2. Exception...
by Artful Dodger
Fri Jun 23, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: S Corp and withholding tax
Replies: 2
Views: 303

Re: S Corp and withholding tax

They are right. If your S-Corp pay is your only income and your pay date was April 6, then you did not receive any pay for the 1st quarter. Just let your local taxing body know this. However, if you have other income (investment or corp distributions), you should probably make quarterly estimated pa...