Search found 1178 matches

by smackboy1
Fri Jul 03, 2020 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Owner of life insurance
Replies: 5
Views: 445

Re: Owner of life insurance

Does it matter who owns the life insurance policy? Both my wife and I have policies making each other as beneficiaries, but we reach own our individual policies. Is there any downside to this? Like everything legal, it depends. For simple term life policies for spouses and families here are some ge...
by smackboy1
Wed Jul 01, 2020 1:48 pm
Forum: Personal Consumer Issues
Topic: FYI - Disney+
Replies: 32
Views: 4317

Re: FYI - Disney+

Disney+ still have a deal for Verizon customers where 1 year is free.
by smackboy1
Mon Jun 29, 2020 11:12 am
Forum: Personal Consumer Issues
Topic: Advice on WiFi vs. Wired at Home?
Replies: 34
Views: 2184

Re: Advice on WiFi vs. Wired at Home?

Despite what's written on wifi router boxes, wired ethernet is better than wireless in almost every way - except for cost and convenience. The general rule of thumb is that as long as it's not too expensive or inconvenient, run ethernet cable where you can and keep the wifi distances as short as pos...
by smackboy1
Tue Jun 23, 2020 1:52 pm
Forum: Personal Consumer Issues
Topic: AWD van or no AWD but with winter tires?
Replies: 89
Views: 4299

Re: AWD van or no AWD but with winter tires?

*So you are aware, many AWD vehicles sold are more like FWD that when they detect slip (can be milliseconds) they engage and send power to the rear wheels - this is better than nothing but imho not as good as a what I would term a true AWD (Think Audi Quattro systems, Subaru's, 4runner limited mode...
by smackboy1
Tue Jun 23, 2020 1:26 pm
Forum: Personal Consumer Issues
Topic: Pilot, Highlander or CX-9
Replies: 54
Views: 4755

Re: Pilot, Highlander or CX-9

How important are the AWD systems to your decision? I researched 2 row SUV/crossovers for 2020 MY from all the major manufacturers including these 3. I'm a big fan of AWD cars so I did a lot of research into the AWD systems. We have snow and ice and we often don't wait for the roads to be completely...
by smackboy1
Sun Jun 21, 2020 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan vs Cash
Replies: 38
Views: 2575

Re: Car Loan vs Cash

Another reason to take a manufacturer's car loan is dealer incentives. Let's say a dealer is willing to credit an additional $1,000 off the purchase price for manufacturer financing. Typically the loan will have zero prepayment penalty. So if the loan is kept open for say 90 days (to avoid clawback ...
by smackboy1
Sun Jun 21, 2020 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property -> Umbrella vs LLC
Replies: 29
Views: 1773

Re: Rental Property -> Umbrella vs LLC

ResearchMed wrote:
Sun Jun 21, 2020 2:10 pm
I think at least one state (Delaware?) has an LLC structure available that allows sub-LLC's (not sure of titles), such that there is no shared liability.
It's called a Series LLC. DE was the first to implement it and there are a few other states that have it.
by smackboy1
Sat Jun 20, 2020 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property -> Umbrella vs LLC
Replies: 29
Views: 1773

Re: Rental Property -> Umbrella vs LLC

Forgot to mention another thing. Any lease should require tenant to have their own renter's insurance policy with not less than $1 MM coverage or the value of the property, whichever is larger. Landlord should get a certificate of insurance and make sure to be notified if the policy is cancelled or ...
by smackboy1
Sat Jun 20, 2020 1:27 pm
Forum: Personal Consumer Issues
Topic: AWD van or no AWD but with winter tires?
Replies: 89
Views: 4299

Re: AWD van or no AWD but with winter tires?

My question is....do we really need an AWD system or will winter tires be just as good, if not better for vans that are not AWD? Winter tires and part time AWD found on most minivans and cars address 2 different things. Source: I've owned many different AWD cars including Toyota Sienna, Acura, Audi...
by smackboy1
Fri Jun 19, 2020 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property -> Umbrella vs LLC
Replies: 29
Views: 1773

Re: Rental Property -> Umbrella vs LLC

I understand the LLC definitely has more protection, and think I probably should look into it further but wanted to check with everyone here first. From an asset protection point of view umbrella liability insurance and using an LLC as a limited liability entity are are not replacements for one ano...
by smackboy1
Sun Jun 14, 2020 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Asset protection strategies
Replies: 31
Views: 2517

Re: Asset protection strategies

Thanks for all the replies. My wife and I jointly own the assets in a taxable investment account. We have an umbrella policy already through State Farm. I realize that ~ $550K is not a huge sum of money to many people, but it is to me (!) and, as I mentioned, it is about 50% of our total savings fo...
by smackboy1
Mon Jun 08, 2020 1:10 pm
Forum: Personal Consumer Issues
Topic: Car battery question
Replies: 43
Views: 2638

Re: Car battery question

Some cars just kill batteries. I've had Toyota and Porsches that would kill a battery if left sitting idle for more than a week. The other thing I noticed is that once a battery has been deeply discharged even once, it's longevity is never really the same. What kind of battery charger do you have? I...
by smackboy1
Thu Jun 04, 2020 9:03 am
Forum: Personal Consumer Issues
Topic: Car question for a white vehicle - acid washing?
Replies: 29
Views: 1334

Re: Car question for a white vehicle - acid washing?

I bought a used car that was covered in tiny particles of grit. It was probably cement overspray that had hardened on the paint. A professional detailer cleaned it all off with what I think was a solution containing muriatic (hydrochloric) acid. The acid was a treatment, not a preventative, and it w...
by smackboy1
Wed Jun 03, 2020 8:50 pm
Forum: Personal Consumer Issues
Topic: Car question for a white vehicle - acid washing?
Replies: 29
Views: 1334

Re: Car question for a white vehicle - acid washing?

I was reading the Reddit forum for Mazda CX-5's and a couple people recommended "acid washing" any white vehicle to protect from rusting. I have never heard of acid washing and have never owned a white car. Is this important and can you get this done at most car washes? Is this required in any clim...
by smackboy1
Thu May 28, 2020 5:11 pm
Forum: Personal Investments
Topic: Is Vanguard's Personal Advisor Service Worth It???
Replies: 138
Views: 10764

Re: Is Vanguard's Personal Advisor Service Worth It???

Does Vanguard PAS include the following services?

- Tax loss harvesting the portfolio when the opportunities arise

- Rebalancing the portfolio whenever the asset allocation departs from the asset allocation by an agreed upon %
by smackboy1
Wed May 27, 2020 11:57 am
Forum: Personal Investments
Topic: Tax exempt munis vs Treasury or both in Taxable
Replies: 8
Views: 917

Re: Tax exempt munis vs Treasury or both in Taxable

I’m 42 years old and in the highest federal tax bracket in a state without income tax. ... In the past I just used the Vanguard Intermediate Tax Exempt. I had a call with Vanguard advisor and they recommended splitting up the tax exempt muni bonds into short int and long term. In my experience Vang...
by smackboy1
Sat May 23, 2020 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as Trustee of Estate Trust
Replies: 99
Views: 5720

Re: Vanguard as Trustee of Estate Trust

- Have any joint expenses been paid out of the separate account? Mortgage payment? Home repair? Children's expenses? Family vacation? Family car? Joint taxes? Was advised by an attorney in California that paying joint expenses from a separate account does not "taint" the account. Adding to it from ...
by smackboy1
Fri May 22, 2020 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as Trustee of Estate Trust
Replies: 99
Views: 5720

Re: Vanguard as Trustee of Estate Trust

- Have any joint expenses been paid out of the separate account? Mortgage payment? Home repair? Children's expenses? Family vacation? Family car? Joint taxes? Was advised by an attorney in California that paying joint expenses from a separate account does not "taint" the account. Adding to it from ...
by smackboy1
Fri May 22, 2020 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as Trustee of Estate Trust
Replies: 99
Views: 5720

Re: Vanguard as Trustee of Estate Trust

In some states avoiding loss of assets in divorce is not nearly that simple. What states consider inheritances, not commingled, as marital property? I can't find any examples. The $64 question is how to keep separate property segregated and accidentally commingled in any of the possible legal juris...
by smackboy1
Fri May 22, 2020 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as Trustee of Estate Trust
Replies: 99
Views: 5720

Re: Vanguard as Trustee of Estate Trust

If a judgement has occurred, giving, say, a creditor the ability to seize (do they call it "attach"?) distributions, does that mean the beneficiary can basically never use trust assets again, unless/until the creditor has been fully paid? That seems like a bit of a "scorched earth" solution -- the ...
by smackboy1
Wed May 13, 2020 4:09 pm
Forum: Personal Consumer Issues
Topic: "Fancy" drip/pour-over coffee makers
Replies: 54
Views: 3269

Re: "Fancy" drip/pour-over coffee makers

I would like to hear your experiences with some of the more expensive drip/pour-over coffee machines out there. I am specifically interested in: OXO Brew 9-cup Technivorm Moccamaster 40-oz stainless Bonavita 8-cup One-Touch or Connoisseur Breville Precision Brewer I would consider other models too ...
by smackboy1
Wed May 13, 2020 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Should we create a testamentary trust for $6M estate?
Replies: 198
Views: 9127

Re: Should we create a testamentary trust for $6M estate?

We are concerned that she is not really capable of managing the inheritance and we want to ensure there are moneys continue to grow for her, our grandchildren, and possibly greatgrandchildren. . . -- total value of our estate estimated to be $6.5M . . . Questions: -- Should we place the assets in a...
by smackboy1
Thu May 07, 2020 12:18 pm
Forum: Personal Consumer Issues
Topic: Considering getting an espresso maker - thoughts?
Replies: 52
Views: 2970

Re: Considering getting an espresso maker - thoughts?

I daily use a Breville Oracle Touch When I first started making espresso I wasted a lot of time and made a lot of awful coffee. There is a ton of information online but then baristahustle.com by Matt Perger came along and helped make everything easy to understand. https://www.baristahustle.com/blog...
by smackboy1
Tue May 05, 2020 9:06 pm
Forum: Personal Consumer Issues
Topic: Neighbor’s contractor wants to access our property
Replies: 158
Views: 16515

Re: Neighbor’s contractor wants to access our property

I agree with the prior posts that mention executing a contract laying out all the terms and conditions and protecting your interests. Make sure insurance is addressed. I would recommend that the contract stipulate that the contractor and any subs have workers compensation insurance and not less than...
by smackboy1
Mon May 04, 2020 8:30 pm
Forum: Personal Consumer Issues
Topic: Considering getting an espresso maker - thoughts?
Replies: 52
Views: 2970

Re: Considering getting an espresso maker - thoughts?

Any thoughts from the BH community about getting an espresso maker (such as Breville Bambino Pro - https://www.seattlecoffeegear.com/breville-bambino-pro-espresso-machine)? . . . I have a Baratza Encore grinder to grind the beans right before I make my coffee. (https://www.amazon.com/Baratza-Encore...
by smackboy1
Mon May 04, 2020 8:36 am
Forum: Personal Consumer Issues
Topic: HVAC Experts
Replies: 13
Views: 1812

Re: HVAC Experts

Can you provide any guidance on the unit we should be searching for ? Look for good advice about residential HVAC here https://hvac-talk.com/vbb/forumdisplay.php?1-AOP-Residential-HVAC&s=8a3557b1415eb1f4b27a73b495754a8e Are there any areas of discomfort in the house that could be fixed with passive...
by smackboy1
Thu Apr 16, 2020 12:08 pm
Forum: Personal Consumer Issues
Topic: How to get Disinfectant Spray? seriously.
Replies: 41
Views: 2629

Re: How to get Disinfectant Spray? seriously.

When I used to work in a lab in college we used to use 60%+ alcohol solution in a spray bottle as a cheap and effective way to disinfect surfaces including the sterile hoods. The caveat is that it can be highly flammable and very drying on skin. Getting it in your eyes and mucous membranes is very p...
by smackboy1
Tue Feb 25, 2020 12:06 pm
Forum: Personal Consumer Issues
Topic: Windows 10 Performance Problem
Replies: 19
Views: 1474

Re: Windows 10 Performance Problem

Run DNS Benchmark to rule out the problem being a slow DNS server

https://www.grc.com/dns/benchmark.htm
by smackboy1
Tue Feb 25, 2020 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Does Biomedical Engineering School Matter?
Replies: 94
Views: 6367

Re: Does Biomedical Engineering School Matter?

I am not an engineer but come from a family of engineers. I also studied a few years of biomedical engineering in college before abandoning it for another major. Your daughter is that the start line of a marathon. What are her possible career plans? Only having a BE level degree is going to be limit...
by smackboy1
Fri Feb 14, 2020 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Early inheritance for one - how to equalize disbursement?
Replies: 65
Views: 4210

Re: Early inheritance for one - how to equalize disbursement?

Yes, I am the executor of her trust. Which puts me in a tough spot. I'm giving advice that would directly benefit me. Should the trust have a 'poison pill' in it about litigation? What other pitfalls should I look out for? The term you're looking for is "in terrorem" a.k.a "no contest" clause. They...
by smackboy1
Fri Feb 14, 2020 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Estate Planning, Will, POA, Trust etc
Replies: 22
Views: 1869

Re: Advice on Estate Planning, Will, POA, Trust etc

We are new to estate planning. We attended a class offered by local community college. . . Our needs seem simple to us: - Married and no previous marriages for either of us - Two daughters and independent (one married and other working) . . . - We are setting up all bank accounts with POD beneficia...
by smackboy1
Fri Feb 14, 2020 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Early inheritance for one - how to equalize disbursement?
Replies: 65
Views: 4210

Re: Early inheritance for one - how to equalize disbursement?

Example: Beneficiary "A" got an "advance inheritance" of $100,000 five years ago when the total value of the estate was $1 million (value of assets in various accounts and real estate/home equity). Beneficiary "A" has thus already received 10% of the estate. Death subsequently occurs and the value ...
by smackboy1
Wed Feb 12, 2020 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Having a baby in April 2020 - Whats your best financial advice for a new parent
Replies: 102
Views: 8179

Re: Having a baby in April 2020 - Whats your best financial advice for a new parent

Wife and I are having a baby in April 2020. Wanted to ask you guys what's the one Financial advice you would have liked to have received when you were in my shoes. Time is something you have now before the baby arrives. Both you and your wife should have the following: Will Advance Healthcare Direc...
by smackboy1
Sun Feb 09, 2020 9:55 am
Forum: Personal Consumer Issues
Topic: Lifetime Warranty Strategy
Replies: 19
Views: 2119

Re: Lifetime Warranty Strategy

I have a premium set of Calphalon non-stick cookware purchased 20 years ago with lifetime warranty. Over the years the Teflon has worn off many of the pans and I've had them replaced under the warranty many times. In real life no manufacturer's Teflon coating will ever last forever. For some pans I'...
by smackboy1
Mon Feb 03, 2020 3:17 pm
Forum: Personal Consumer Issues
Topic: What's the difference between Uber and Lyft?
Replies: 63
Views: 5338

Re: What's the difference between Uber and Lyft?

I have used both Uber and Lyft for years. As people have stated, many drivers actually drive for BOTH services so much of the time the experience is identical. I have noticed the following: - Uber is more established and available in more locations. This is especially true outside of North America. ...
by smackboy1
Wed Jan 29, 2020 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Asset Protection Question
Replies: 1
Views: 353

Re: Asset Protection Question

Is it possible when purchasing a home, to have the mortgage under the husband and wife's names, and the actual title/deed to the property in another person's name or a trust? Intent is to protect the property against creditors, etc if and when divorce happens. Disclosure: I am not an asset protecti...
by smackboy1
Tue Jan 28, 2020 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we need a will or a trust?
Replies: 5
Views: 1157

Re: Why do we need a will or a trust?

Our total net worth is in the low 7 figures. Why do we need a will or trust? Because after your daughter attends law school, she will tell you that you both need to have at least a will - as well as a durable power of attorney and advanced health care directives. Total net worth is between $1-5MM. ...
by smackboy1
Mon Jan 27, 2020 4:54 pm
Forum: Personal Investments
Topic: Irrevocable Trust - Tax Exempt Bond Questions
Replies: 7
Views: 491

Re: Irrevocable Trust - Tax Exempt Bond Questions

I am 60 years old, retired, in the 35% federal tax bracket and have a 6-7% state tax rate. . . My questions: 1) Since I am in a higher tax bracket, do you recommend I add tax exempt bonds to my portfolio? If so, which tax exempt funds do you recommend and what % of the bond portfolio should it comp...
by smackboy1
Thu Jan 23, 2020 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: New Child- Steps to take (will/trust)
Replies: 39
Views: 2399

Re: New Child- Steps to take (will/trust)

My wife and I welcomed our first child last year and we are in our 30's, and I would like to get some clarification on what steps we should take in regards to protecting our assets. I can't find a clear answer online in regards to whether it should be done with a will or a trust. . . Is it okay to ...
by smackboy1
Thu Jan 23, 2020 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Do trusts protect from estate taxes?
Replies: 12
Views: 1299

Re: Do trusts protect from estate taxes?

I'm sure this is a more complex question than I think it is, but if a relative entrusts all of their money, passes, and then I am the beneficiary, does it shield all of that money from estate taxes and state inheritance taxes (i.e. Pennsylvania)? I know trusts help with probate, but I didn't know i...
by smackboy1
Tue Jan 21, 2020 9:39 pm
Forum: Personal Consumer Issues
Topic: Our little girl is turning one soon!
Replies: 47
Views: 3492

Re: Our little girl is turning one soon!

I want to do something memorable for her, or get her something she can remember forever. None of my kids truly remembers anything when they were 1 years old. I've never met any child that could remember anything from when they were 1. However, they "remember" the stories we tell them and the videos...
by smackboy1
Tue Jan 21, 2020 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: to pre-nup or not?
Replies: 133
Views: 11978

Re: to pre-nup or not?

Although I intend to be with her for the duration, [stuff happens --admin LadyGeek] and I want to protect what I have. . . Here are particulars: Me: . . . [*]Net worth of $1.1m (of that $120,000 in cash, the rest in 401(k), Trad. IRA and other investments) . . . Her: . . . [*]Net worth $120,000 (of...
by smackboy1
Mon Jan 06, 2020 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Piano & college admissions
Replies: 101
Views: 7020

Re: Piano & college admissions

Our child was just accepted to college early decision. She took piano lessons when she was young, but dropped it (along with violin and guitar) years ago because she wasn't interested. Instead she likes to dance and act and sing along with other activities. Each kid has to find their own interests. ...
by smackboy1
Mon Jan 06, 2020 6:30 pm
Forum: Personal Consumer Issues
Topic: Jumper cables
Replies: 83
Views: 5561

Re: Jumper cables

Don't bother with jumper cables. The ones that a long enough to jump 2 cars parked front to back are really bulky and heavy. Many modern cars have complex computers and some manufacturers (like my BMW) state that jump starting another car can damage the vehicle. Buy a compact booster battery so you ...
by smackboy1
Mon Jan 06, 2020 6:05 pm
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 548
Views: 145943

Re: My New Car Buying Tips

I just bought an Acura. I could have paid all cash, but there was a $1500 credit if financed through Acura. I talked to the finance person and found out the minimum loan required to get the incentive. Then I told him I was only financing to get the incentive and I was going to prepay the entire loan...
by smackboy1
Wed Nov 20, 2019 9:30 pm
Forum: Personal Consumer Issues
Topic: DSLRs: canon 5d IV vs ?
Replies: 88
Views: 4354

Re: DSLRs: canon 5d IV vs ?

My spouse has been into photography for a while (mostly portraits) and has done some professional gigs but she doesn’t shoot that often. She has a canon 60d and has wanted a canon 5d for a while. She thinks the autofocus on the eye is a real nice feature, but at $2500 it comes at a steep price tag....
by smackboy1
Wed Nov 20, 2019 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Car negotiation question
Replies: 52
Views: 4762

Re: Car negotiation question

Having never bought a new car before I wanted to ask a question. Having emailed several dealerships a high volume dealership offered the lowest price OTD for the vehicle we are interested in. I tried shopping that price to several other dealerships and no one can beat the price. Should I still try ...
by smackboy1
Wed Nov 20, 2019 8:35 pm
Forum: Personal Consumer Issues
Topic: AWD Camry
Replies: 52
Views: 6595

Re: AWD Camry

Toyota is taking a page out of their competition's playbook and offering AWD through it's passenger vehicle range. I've owned and driven many of the popular brands and types of AWD and even a 4x4 truck including: Toyota, Audi, Mercedes, Range Rover, Porsche, BMW, and Acura. For sure, in snow and ice...
by smackboy1
Wed Nov 20, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: No Kids Yet - Beneficaries - Who are yours?
Replies: 34
Views: 2826

Re: No Kids Yet - Beneficaries - Who are yours?

We are a 28/27 year old couple. No kids yet. Looking at adding beneficiaries to our accounts now. If one of us were to go... the other would be beneficiary. Simple enough. We we both went, there will be north of $1M (no physical property, all stock/bond between taxable/non-taxable). If it's relevan...
by smackboy1
Wed Nov 20, 2019 3:55 pm
Forum: Personal Consumer Issues
Topic: OMG My New House is SO Drafty!
Replies: 58
Views: 8484

Re: OMG My New House is SO Drafty!

We renovated a brownstone. After a year of hard work, I am so bummed to say that it is so very drafty. New windows. New doors. But there's cold air coming in from between the baseboard and floor on exterior walls. Also have air coming in through electrical outlets on exterior walls. I have no idea ...