Search found 1095 matches

by smackboy1
Wed Jul 17, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: No A/C in Office [not a safe work environment]
Replies: 86
Views: 7546

Re: No A/C in Office [not a safe work environment]

Does the workplace have airflow and and fresh air ventilation? If it's an enclosed box with none of that, you may have an issue with indoor air quality. Has the employer been made aware of any employees experiencing symptoms of poor IAQ? https://www.osha.gov/SLTC/indoorairquality/faqs.html https://w...
by smackboy1
Tue Jul 16, 2019 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 117
Views: 13859

Re: Trust Services

Perhaps a statement in the Trust that says if portfolio is not invested in VTI, the Special Co-Trustee can come riding in and terminate the Trust distributing to beneficiaries and ending the Successor Trustee's fee. That ought to get their attention. Either get $70K for one or two years or invest i...
by smackboy1
Sat Jul 13, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Would Love Some Guidance On An Umbrella Policy
Replies: 28
Views: 1845

Re: Would Love Some Guidance On An Umbrella Policy

Perhaps you're right and I don't need a policy. I don't own a car nor do I own a house right now (I rent) but I do occasionally drive a family member's car. If you had an accident in that car you could be sued for damages. I wouldn't count on the car owner's insurance being sufficient or even in pl...
by smackboy1
Fri Jul 12, 2019 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 117
Views: 13859

Re: Trust Services

Even though Successor Trustees will get a fat fee every year (over $50 K) most are reluctant to manage a VTI based (total US stock market) portfolio. With proper planning and the correct successor trustee chosen this should not happen unless the total assets under the trust approaches maybe 8-9 fig...
by smackboy1
Fri Jul 12, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Would Love Some Guidance On An Umbrella Policy
Replies: 28
Views: 1845

Re: Would Love Some Guidance On An Umbrella Policy

Hi friends. I'm interested in getting an umbrella policy but given I live in a city and don't own a car, it's been tough finding a policy. State Farm will offer me an umbrella policy if I also get non-owner auto insurance and renter's insurance. I'm unclear how much I should get for the policy and ...
by smackboy1
Wed Jul 10, 2019 11:54 am
Forum: Personal Consumer Issues
Topic: Friend's car caught in flood ?
Replies: 54
Views: 3059

Re: Friend's car caught in flood ?

During the recent downpour and flash flood warnings, a friend of ours was caught in rapidly rising water at an intersection. His car (late 90's Camry) stalled and the water rose up to mid door level. When the water drained, the car would not start and the security system locked things up. His repai...
by smackboy1
Wed Jul 10, 2019 8:51 am
Forum: Personal Consumer Issues
Topic: When to use a fuel stabilizer - for cars, boats, lawn mowers, etc?
Replies: 47
Views: 2754

Re: When to use a fuel stabilizer - for cars, boats, lawn mowers, etc?

Gasoline starts to turn into varnish around 2 months. I add fuel stabilizer to any gas that might possibly sit around for 2 months or more that won't be replenished with fresh fuel e.g. snow blower, portable generator, cars not driven during winter. If I'm not sure, I add stabilizer. It's cheaper an...
by smackboy1
Wed Jul 10, 2019 7:33 am
Forum: Personal Finance (Not Investing)
Topic: In-Laws are estate/Medicaid planning - need help
Replies: 24
Views: 2187

Re: In Laws are estate/Medicaid planning - need help

They live in a home/farm land that has been in the family for three generations. The home and land are VERY important to my father-in-law. He would like one of his two children to take it over when they pass away but neither wants to live there and both live far out of state. When the time comes, m...
by smackboy1
Wed Jul 03, 2019 7:22 pm
Forum: Personal Consumer Issues
Topic: Cleaning bugs off car bumper
Replies: 32
Views: 2298

Re: Cleaning bugs off car bumper

I use Schaeffer Citrol Cleaner which I found out about on a Youtube detailing channel. If you let it soak in it works really well on bugs and road tar too.
by smackboy1
Wed Jul 03, 2019 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Protect my inheritance from divorce with a trust?
Replies: 30
Views: 3242

Re: Protect my inheritance from divorce with a trust?

I am the executor of my grandfather's estate, with everything getting split between me and my sister. I will hopefully be closing everything out by the end of this month and be ready to create my own estate possibly. Not sure what exactly all I will end up with, but it will be more than I had befor...
by smackboy1
Wed Jul 03, 2019 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: New Landlord Here! Your Top Tips to include in a Lease?
Replies: 52
Views: 4026

Re: New Landlord Here! Your Top Tips to include in a Lease?

Hi all! I am renting out my first property. It's a condo. The renters will be a mother, daughter, and small dog. What are your top tips to include in the lease? (Besides the standard language. I am using the standard association of Realtors form.) Do NOT use the standard realtor lease form unmodifi...
by smackboy1
Thu Jun 20, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: First Child - Writing a Will
Replies: 11
Views: 714

Re: First Child - Writing a Will

My wife and I are expecting our first child and want to make sure we have things lined up well in terms of financial security through insurance and a will. My simple question is - should I plan to write/sign a will before the child is born and then just update it, or would it be best to draft the w...
by smackboy1
Fri Jun 07, 2019 9:04 am
Forum: Personal Consumer Issues
Topic: Replacing AC, should we also replace furnace?
Replies: 21
Views: 1561

Re: Replacing AC, should we also replace furnace?

I see. Thank you for sharing your thoughts. So if it’s was you, would you have the same guy do the load calculation? Or would you part ways with the guy, likely losing at least the $2,000 deposit in the process? Just to be clear, even our general contractor noted that the evaporative coil for the u...
by smackboy1
Thu Jun 06, 2019 10:01 pm
Forum: Personal Consumer Issues
Topic: Replacing AC, should we also replace furnace?
Replies: 21
Views: 1561

Re: Replacing AC, should we also replace furnace?

Ok, let's say you're 100% correct. We already gave him a $2,000 deposit and he already ordered the equipment. What would you recommend we do in this specific situation? There's no contract per se, except a written estimate he provided. EDIT: also, I think he may have pulled a permit, as he was aski...
by smackboy1
Thu Jun 06, 2019 8:41 pm
Forum: Personal Consumer Issues
Topic: Replacing AC, should we also replace furnace?
Replies: 21
Views: 1561

Re: Replacing AC, should we also replace furnace?

Re J load calculations: "I wouldn't bother. Home is new enough one should have been done when installed. It's definitely NOT oversized. And doesn't have a capacity problem." The HVAC contractor is either lazy, incompetent or both. In order to have comfort the HVAC has to be correctly sized for hous...
by smackboy1
Thu Jun 06, 2019 10:44 am
Forum: Personal Consumer Issues
Topic: Replacing AC, should we also replace furnace?
Replies: 21
Views: 1561

Re: Replacing AC, should we also replace furnace?

Did this HVAC contractor perform a manual J and go over it with you? I didn't see any mention of load calcs. Did he also explain the benefits of multiple stage cooling/heating and variable fan speed blowers? At the end of the day you are not buying an HVAC system, you are buying comfort in your home...
by smackboy1
Thu May 30, 2019 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Another Trustee/trust Question
Replies: 16
Views: 1192

Re: Another Trustee/trust Question

Vanguard uses PA laws and I have no idea how they compare. This is not really accurate. Vanguard is a national trust company and the laws that govern the trust are the laws of the jurisdiction specified in the trust instrument. I have a trust with Vanguard as successor trustee and the laws of Flori...
by smackboy1
Thu May 30, 2019 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Another Trustee/trust Question
Replies: 16
Views: 1192

Re: Another Trustee/trust Question

Kids 11 & 13. 4M in networth and life insurance. Really don't want to put that much money in one person's pocket. Is Vanguard a good trustee or is there another well known institution with low fees? What percentage should we expect to pay? Brother and sister-in-law will be the primary guardians and...
by smackboy1
Mon May 27, 2019 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Invest for kids via LLC
Replies: 29
Views: 2312

Re: Invest for kids via LLC

In our case, we have already created an LLC in which the parents (us) own the controlling shares, but we can distribute the economic proceeds to the kids at our discretion, and ultimately give them the controlling rights when we decide (or die)... Pros: We control age of control for kids, unlike UG...
by smackboy1
Thu May 23, 2019 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Irrevocable trusts and capital gains
Replies: 5
Views: 592

Re: Irrevocable trusts and capital gains

This may be a time where paying a CPA who does a good amount of trust work to look at your trust and your plan to make sure it makes sense would be a great investment of several hundred $$ vs the opinions and advice you'll get here This is good advice. Are you familiar with the 65 day rule? A trust...
by smackboy1
Wed May 22, 2019 8:45 am
Forum: Investing - Theory, News & General
Topic: Is there a FAANG ETF?
Replies: 37
Views: 3185

Re: Is there a FAANG ETF?

This might be a stupid question, but I was just curious is there an ETF that only has FAANG stocks? (Facebook, Apple, Amazon, Netflix, Google) Doubtful. With so few stocks no one in their right mind would pay any fees to manage it. I can find one "technology" ETF that owns all of them - along with ...
by smackboy1
Thu May 09, 2019 5:07 pm
Forum: Personal Consumer Issues
Topic: Cell Phone Plan/Carrier Recommendation?
Replies: 59
Views: 6049

Re: Cell Phone Plan/Carrier Recommendation?

Cellular coverage in your geographic area is most important. So first figure out which carrier has the best coverage. Without cell signal the phone is useless. http://webcoveragemap.rootmetrics.com/en-US In big metro areas all carriers have decent coverage, including the MVNOs. Elsewhere, it's usual...
by smackboy1
Mon May 06, 2019 9:13 pm
Forum: Personal Consumer Issues
Topic: Winter Tires All Year?
Replies: 62
Views: 3895

Re: Winter Tires All Year?

I live in the Northeast and put winter tires on my Prius each year. I only drive less than 200 miles per month. Is it worth it for me to unmount my winter tires and remount my all-season tires? Or just keep my winter tires on year round since I drive so few miles? Winter tire compound is soft so on...
by smackboy1
Thu May 02, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: DIY amendment to Trust?
Replies: 26
Views: 2244

Re: DIY amendment to Trust?

I have previously used an attorney to create and amend my revocable living trust. Previous Amendment was to change beneficiaries. I am thinking of drafting another Amendment myself, again to change the beneficiary designations, using the previous Amendment as a template. I am a California resident....
by smackboy1
Thu May 02, 2019 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Family Trust
Replies: 25
Views: 3327

Re: Family Trust

Do you want to take into consideration what happens if one of you dies long before the other and the surviving spouse might get remarried? You could choose to ask your lawyer to put in a requirement that the surviving spouse uses a prenup to ensure the kids you have now get an inheritance in the ev...
by smackboy1
Wed May 01, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: Major Home Imp.-Which documents/waivers?
Replies: 4
Views: 663

Re: Major Home Imp.-Which documents/waivers?

As a general matter it's a good idea to have the following things for construction: - Proof of state licensing (if required) - Certificate of insurance for the GC and subs for workers comp and general liability (at least $1MM, maybe more if it's a big job). - Make sure to have adequate homeowner's i...
by smackboy1
Mon Apr 29, 2019 9:59 am
Forum: Personal Consumer Issues
Topic: Umbrella insurance needed on secondary residence?
Replies: 12
Views: 878

Re: Umbrella insurance needed on secondary residence?

For example, what if you ski into another person on the ski hill, and the other skier is paralyzed? That is not listed as a known exposure but one that you want your umbrella insurance to cover. Think of the insurance as having 2 components: personal liability protection + premises liability protec...
by smackboy1
Thu Apr 18, 2019 9:55 am
Forum: Personal Investments
Topic: Tenancy by Entirety in a Brokerage- How does it work?
Replies: 3
Views: 498

Re: Tenancy by Entirety in a Brokerage- How does it work?

So, I'm the only one who does anything with this account, such as adding money (from a joint account) and buying and selling mutual funds/ETFs. Does the Tenancy by Entirety impact the ability for me to manage this, or is there some sort of complication where we both have to log in to approve trades...
by smackboy1
Thu Apr 18, 2019 9:37 am
Forum: Personal Investments
Topic: Will/trust for minor children heirs who will live overseas
Replies: 4
Views: 422

Re: Will/trust for minor children heirs who will live overseas

My husband and I are dual US/UK citizens. All our assets are in the US. All our family members are in the UK. We need to create a will (and maybe also a trust). We will each have the other spouse as the primary heir/beneficiary. However, in the unlikely event that both my husband and I were to die ...
by smackboy1
Sun Apr 14, 2019 10:27 am
Forum: Personal Investments
Topic: Real Estate Investing - Actual Property vs an Index fund
Replies: 10
Views: 1543

Re: Real Estate Investing - Actual Property vs an Index fund

I've been thinking of investing in real estate, actually 2 of my friends have been asking me to go 1/2 or 1/3 (depending) on actual properties. Sometimes we flip sometimes we (read they at this point) rent them. . . I'm wondering for those that have done this how would you compare it to investing i...
by smackboy1
Sun Apr 07, 2019 10:14 am
Forum: Personal Investments
Topic: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?
Replies: 123
Views: 10796

Re: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?

For the "hedge fund" portfolio I have a "go big or go home" very high risk high return allocation. LEAPS (Long-Term Equity Anticipation Securities) options on many of the big name highly volatility momentum stocks like FAANG. Current biggest LEAPS holdings on AAPL, AMZN, NVDA, CSCO, SQ, MA, V. Plus,...
by smackboy1
Fri Apr 05, 2019 9:03 am
Forum: Personal Consumer Issues
Topic: cost analysis on buying vs. renting skis?
Replies: 28
Views: 2488

Re: cost analysis on buying vs. renting skis?

I generally bring my own helmet and boots and rent skis and poles. I don't trust rental helmets are not damaged and rental boots have a terrible fit. I also always carry my boots in the the cabin with me so lost luggage doesn't ruin my ski trip. I always get the high performance rentals or the demo ...
by smackboy1
Fri Apr 05, 2019 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Gift Tax Exclusions
Replies: 9
Views: 711

Re: Gift Tax Exclusions

So, it's $15,000 this year, or double for married couple. I think I got some bogus tax advice last year. CPA said, in order to claim the double amount, each person (husband, wife) had to give from a personal account, as opposed to giving full amount (e.g. $30,000) from one person's account. As far ...
by smackboy1
Thu Apr 04, 2019 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services for a Boglehead?
Replies: 27
Views: 2266

Re: Trust Services for a Boglehead?

Here's another idea that just occurred to me. Suppose a new trust is created and the irrevocable trust is one of it's assets. Is that possible to do? Would it be able to direct the irrevocable trust, especially if the two trusts were in (intentional) conflict with each other? That's not really how ...
by smackboy1
Thu Apr 04, 2019 8:48 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 627
Views: 55577

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

Just got off the line with my Flagship Select rep. After decades with Vanguard I am disappointed that they continue to under deliver in the customer service department. The website is atrocious. I can't count the number of times I've called them and the rep is either clueless or the answer is that V...
by smackboy1
Wed Apr 03, 2019 8:25 pm
Forum: Personal Consumer Issues
Topic: Which Jura Super Automatic Coffee Machine and any sales?
Replies: 12
Views: 1007

Re: Which Jura Super Automatic Coffee Machine and any sales?

And any good places to get them on sale or refurbished? I like WholeLatteLove.com and SeattleCoffeeGear.com. Both have excellent customer support, good prices (price matching) and selection - including refurbished machines. But the best is their generous return/exchange policy on many of their mach...
by smackboy1
Wed Apr 03, 2019 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services for a Boglehead?
Replies: 27
Views: 2266

Re: Trust Services for a Boglehead?

In retrospect, they really regret the whole arrangement and feel they were "pushed" into it. . . Bottom line though, they both regret it, would love to change it, feel trapped, and are buried in paperwork and being told they have to just go along with it. They said if they could have done it all ov...
by smackboy1
Tue Apr 02, 2019 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 117
Views: 13859

Re: Trust Services

I still don't see the value of a trust protector. Seems to add complexity without gaining anything. If the beneficiaries don't like the way the current trustee is managing the money this is easily solved if they have the power to change trustees: They shop for alternatives, find one that will inves...
by smackboy1
Tue Apr 02, 2019 9:06 am
Forum: Personal Investments
Topic: Trust management help
Replies: 18
Views: 1583

Re: Trust management help

My best friend and cousin has a mother in law who began an irrevocable trust in Illinois and he’s in charge of investing the money placed in it. He’s never done anything like this and asked me where I’d start and I said this website but he asked me to post for him. A forum is not really the best pl...
by smackboy1
Mon Apr 01, 2019 1:23 pm
Forum: Personal Consumer Issues
Topic: Family flying - picking seats at booking
Replies: 75
Views: 4951

Re: Family flying - picking seats at booking

We're a family of 5 with three little ones that will be flying this summer. . . Any recommendations on being able to pick assigned seats for a reasonable price? How young are the kids? In the past we've had success socially engineering seat assignments. I ask the booking agent if they can waive the...
by smackboy1
Mon Apr 01, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 117
Views: 13859

Re: Trust Services

I don't quite get the goal of using a purely administrative trustee as bsteiner notes. As he says, you still have to find a person or entity to manage the investments. That means dealing with two companies if you don't have an individual to do that. I get it for asset protection purposes, but for m...
by smackboy1
Fri Mar 22, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should we have renters insurance?
Replies: 68
Views: 3566

Re: Should we have renters insurance?

IMHO a tenant should always buy renter's insurance if they can afford it. For one, it may be required under the terms of the lease. I have been a tenant and landlord, both residential and commercial. I've also written leases. When I write a a lease I always require the tenant to carry their own insu...
by smackboy1
Wed Mar 20, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: How to choose an estate lawyer
Replies: 37
Views: 3028

Re: How to choose an estate lawyer

Already a lot of good advice but I'll throw in my $0.02: - It's very hard for lay persons to accurately review professionals on skill. So client reviews, friend recommendations, Angie's List, should be taken in context. Maybe the only valuable data point is the lawyer's social and communication styl...
by smackboy1
Tue Mar 19, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Should you buy term life before you need it?
Replies: 25
Views: 1770

Re: Should you buy term life before you need it?

IDK about buying life insurance before needing it, but I would highly recommend purchasing life and disability insurance no later than just BEFORE becoming pregnant. Obviously after the baby arrives there's little time for estate planning and other important things. More importantly, pregnancy is a ...
by smackboy1
Mon Mar 18, 2019 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Simple Last Will/Testamentary Trust Question
Replies: 16
Views: 1194

Re: Simple Last Will/Testamentary Trust Question

I'm creating a basic 'last will and testament' through Legalzoom and have a couple questions. My wife and I have financial assets and life insurance, and a small child. We have a guardian in place as per the will should we both pass before child is 18, and are creating a testamentary trust (also as...
by smackboy1
Mon Mar 18, 2019 9:34 am
Forum: Personal Consumer Issues
Topic: Espresso Maker 2019
Replies: 106
Views: 6762

Re: Espresso Maker 2019

Such a waste. You got a expensive setup, and yet you freeze the coffee? This adds moisture and makes coffee taste worse. That's a debunked myth. https://www.home-barista.com/store-coffee-in-freezer.html I freeze freshly roasted beans for periods up to 2-3 months with no problems. The flavor and qua...
by smackboy1
Mon Mar 18, 2019 12:11 am
Forum: Personal Consumer Issues
Topic: Espresso Maker 2019
Replies: 106
Views: 6762

Re: Espresso Maker 2019

my budget would be less than $500 -- and maybe considerably less I hate to be a party pooper, but for that budget I don't know if it is realistic to achieve good espresso that you will enjoy for very long. Like most things in life there are 3 choices to be made: Good; Fast; and Cheap. A person can ...
by smackboy1
Fri Mar 08, 2019 10:46 am
Forum: Personal Consumer Issues
Topic: Who Can I Hire to Evaluate Heating Situation in my Home?
Replies: 34
Views: 2162

Re: Who Can I Hire to Evaluate Heating Situation in my Home?

I live outside of Boston. We have owned our house for 25 years. . . I would like someone competent to evaluate our heating system from top to bottom, to figure out why the first floor is so cold. I'm 68 years old, and I vividly remember how immune I was to cold when I was in my 20s-40s. That's no l...
by smackboy1
Fri Mar 01, 2019 9:52 am
Forum: Personal Investments
Topic: Why Does a Custom Variable Universal Life Insurance Policy Not Make Sense For Me?
Replies: 46
Views: 2458

Re: Why Does a Custom Variable Universal Life Insurance Policy Not Make Sense For Me?

After talking to a Northwest Mutual agent, I am trying to understand if a custom variable life insurance policy makes sense for me. I know it does not in most cases, but my situation may be unique given 1) I will likely be subject to the estate tax if I do not shield assets - current net worth is $...
by smackboy1
Wed Feb 27, 2019 5:26 pm
Forum: Investing - Theory, News & General
Topic: Uncorrelated Asset Classes
Replies: 89
Views: 5819

Re: Uncorrelated Asset Classes

A couple of other alternatives that have been discussed on this board include:

Alternative lending e.g. LENDX

Reinsurance e.g. SRRIX