Search found 961 matches

by smackboy1
Sat Apr 14, 2018 9:32 pm
Forum: Personal Consumer Issues
Topic: Is it necessary to replace brake fluid on a car every 3 years?
Replies: 56
Views: 3813

Re: Is it necessary to replace brake fluid on a car every 3 years?

Is it necessary to replace brake fluid on a car every 3 years or not? Why does the car manual advise me to do this? The braking system is hydraulic, meaning it relies on incompressible fluid pressure to actuate the pads. Brake fluid is hygroscopic, meaning it absorbs water from it's surroundings. W...
by smackboy1
Fri Apr 13, 2018 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Family shared real estate purchase - how to best structure?
Replies: 14
Views: 895

Re: Family shared real estate purchase - how to best structure?

Questions: What is the optimal manner from a tax perspective to structure the purchasing of a house in a scenario when having multiple parties willing to invest on a purchase of single family home? Beyond "be wary of investing with family" what other advice would you offer for this family to be con...
by smackboy1
Wed Apr 11, 2018 5:05 pm
Forum: Personal Consumer Issues
Topic: [What UN-frugal thing do you do? What do you splurge on?]
Replies: 567
Views: 37267

Re: Name something you bought that wasn't cheap and glad you did

Sleep Number mattress, goose down pillows, goose down duvet, and high thread count bedding. I spend 25-33% of my life in bed.
by smackboy1
Wed Apr 11, 2018 4:59 pm
Forum: Personal Consumer Issues
Topic: Anyone tried a sunrise alarm clock?
Replies: 42
Views: 3187

Re: Anyone tried a sunrise alarm clock?

I wake up to the $120 Philips HF3520 and my kids have the $50 Philips HF3500. The 3520 was a X'mas gift and I liked it so much I got the cheaper ones for my kids. We all love them, especially for waking up early before dawn when it's still dark outside. The light definitely works better than being w...
by smackboy1
Wed Apr 11, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Tax Question?
Replies: 22
Views: 1027

Re: Gift Tax Question?

For logistical reasons, you might want to transport this money in stages. Drug dealers do this all the time to avoid detection. It's called "smurfing" and can raise red flags. As others have pointed out the act of breaking up a large monetary transaction to get around IRS rules is a crime called "s...
by smackboy1
Wed Apr 11, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: What to do about Wife's Term Life Insurance Policy Nearing End?
Replies: 21
Views: 1585

Re: What to do about Wife's Term Life Insurance Policy Nearing End?

So the question is, if you have no debt and we are retired and have sufficient assets to live on, do we really need life insurance anymore? I have a friend who has life insurance in that scenario, and he's thinking of it as a hedge for potential bad health down the road which might require Long Ter...
by smackboy1
Wed Apr 04, 2018 9:24 am
Forum: Personal Consumer Issues
Topic: Convert attached carport to Living Space
Replies: 16
Views: 1002

Re: Convert attached carport to Living Space

We would only do it if we think that the improvement adds more value to our home than it costs because we are going to be moving into a larger house in 3 years. The house is just small for my family of 5 right now so it would be nice to have the extra living space for the next 3 years, especially i...
by smackboy1
Tue Apr 03, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance, why long terms?
Replies: 27
Views: 1998

Re: Life Insurance, why long terms?

I wanted to highlight this is not really about affordability, just where the risk vs. reward makes sense. Why not buy a 40 yr policy? 50 yr? After all, I could get disabled, lose disability insurance on some technicality, kids could get in trouble, and not reach FI, and die 1 year after policy expi...
by smackboy1
Thu Mar 15, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance
Replies: 16
Views: 1778

Re: Umbrella Insurance

Umbrella insurance is excess liability coverage which is secondary to the primary auto and HO insurance. Umbrella only pays out if the primary insurance is exhausted first. Think of the primary insurance payout limits as the "deductible" before the umbrella kicks in. This makes umbrella relatively i...
by smackboy1
Thu Mar 15, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Gift tax
Replies: 18
Views: 1082

Re: Gift tax

Just for clarification. What if I gave my daughter a gift, say $11,000 and my wife give my daughter's husband a gift, also for $11,000; would that preclude the requirement for the completing the 709? And would it be legal? Yes. 2018 annual gift tax exclusion per recipient per giver is $15K. So lega...
by smackboy1
Sat Mar 10, 2018 1:34 pm
Forum: Personal Consumer Issues
Topic: Tires: Where to Get? Warranty? And Questions?
Replies: 42
Views: 3202

Re: Tires: Where to Get? Warranty? And Questions?

Tirerack.com is your best friend. Many of their tires come with a complimentary 2 year road hazard protection. They also administer some tire manufacturer's own road hazard programs e.g. Pirelli. I've used it a bunch of times and it's as easy as a phone call to Tirerack customer service. Selection a...
by smackboy1
Sat Mar 10, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: Plastic free coffee maker?
Replies: 22
Views: 2409

Re: Plastic free coffee maker?

kayanco wrote:
Fri Mar 09, 2018 9:16 pm
I wonder if anyone else has a similar concern? Have you looked into any coffee makers which are plastic free?
Pour over is what you seek. The resulting cup is brighter and less muddy than French press. Try a Chemex

https://www.youtube.com/watch?v=7Yrzjkh1GvA&t=32s
by smackboy1
Fri Mar 09, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: What are your auto insurance limits?
Replies: 59
Views: 4609

Re: What are your auto insurance limits?

Has anybody actually heard of any cases where a jury awarded more than 500k? Yes. I know people that work in personal injury and I live in an area of the country where juries routinely award large judgments against defendants. Of course large jury verdicts are less common than smaller ones, but unl...
by smackboy1
Thu Mar 08, 2018 1:42 pm
Forum: Personal Consumer Issues
Topic: Best Colorado Skiing
Replies: 26
Views: 1795

Re: Best Colorado Skiing

What is your favorite skiing area in Colorado? I've heard good things about Breckenridge, Copper, and Keystone. That's a "it depends" question. What time of year: early season, mid, or late? What type of skiing: groomers, powder, trees, steeps, cruisers, bumps? Is off mountain resort amenities impo...
by smackboy1
Wed Mar 07, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should I "get divorced" for tax purposes (PSLF)
Replies: 57
Views: 3807

Re: Should I "get divorced" for tax purposes (PSLF)

Legally and financially OP's unmarried vs married status can affect a lot more than just taxes. Examples: health, HO, auto insurance, government and employer benefits, mortgage, estate planning, children etc.. For tax purposes the marital status for the entire year is determined by the couple's stat...
by smackboy1
Tue Mar 06, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Trust advice for HNW couple with special needs child
Replies: 7
Views: 1071

Re: Trust advice for HNW couple with special needs child

- Our net worth is high enough that when my wife and I pass on, our estate will likely be larger than the exemption. . . - At my company, I have access to Hyatt Legal Services, which is a prepaid legal services plan. Does my situation sound like one which would be handled well by this plan, or does...
by smackboy1
Sun Mar 04, 2018 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: What are your auto insurance limits?
Replies: 59
Views: 4609

Re: What are your auto insurance limits?

While what you're saying is true, the mechanics are a little difficult. The other party knows neither your insurance limits nor your available assets. They have to make a decision whether to accept a settlement from your insurance carrier, which would prevent them from going after your assets, or t...
by smackboy1
Fri Mar 02, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: What are your auto insurance limits?
Replies: 59
Views: 4609

Re: What are your auto insurance limits?

So if I have less than a million I wouldn't get an umbrella but would just raise my auto coverage amounts to the amount of my assets? Me personally I would not get any less than $2MM umbrella even if my net worth is <$1MM. Obviously it's your choice, but for example if my base policy max was $500K ...
by smackboy1
Thu Mar 01, 2018 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: What are your auto insurance limits?
Replies: 59
Views: 4609

Re: What are your auto insurance limits?

Is the rule of thumb that you need to cover your net worth? So if a person had 500k in assets they should have coverage of 500K for each of the major categories? Umbrella is typically sold in $1MM increments.The conventional wisdom is that for people with <$1MM net worth, minimum umbrella coverage ...
by smackboy1
Thu Feb 22, 2018 10:24 pm
Forum: Personal Consumer Issues
Topic: Replacing Tires on BMW X3
Replies: 21
Views: 1716

Re: Replacing Tires on BMW X3

These are runflat tires and have about 29000 miles on them. I was surprised that the tires needed to be changed so early (the treads look ok to me). Also the dealer price for the 4 tire change and wheel alignment is $1440.00 which seems really high. Does anyone have similar experience of needing to...
by smackboy1
Mon Feb 19, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 37
Views: 5819

Re: Vanguard as trustee

We are drafting a will, and I would like the personal representative to setup a trust to keep our saving until our daughter is ready. I am thinking to put a binding instruction for my personal representative to setup the trust at Vanguard. I am reviewing this page: https://personal.vanguard.com/us/...
by smackboy1
Mon Feb 19, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: Do you have a Japanese bath in your house?
Replies: 27
Views: 4051

Re: Do you have a Japanese bath in your house?

Do you have a Japanese bath in your house? Do you use it? Can you please offer your thoughts and comments on the experience? I've enjoyed them on my trips to Japan. I've been thinking about installing one in my basement. I have a stainless steel contemporary style ofuro in our master bathroom. It i...
by smackboy1
Fri Feb 16, 2018 11:07 pm
Forum: Personal Consumer Issues
Topic: Should I be paying $1300/yr. for under/uninsured motorist protection?
Replies: 99
Views: 7113

Re: Should I be paying $1300/yr. for under/uninsured motorist protection?

I don't have to pay anything. Let's assume you have zero liability. Who are passengers in your vehicle likely to be? Relatives? Friends? Children? Grandchildren? They could be catastrophically injured and left permanently disabled by an uninsured motorist Or parents of minor children are killed. No...
by smackboy1
Fri Feb 16, 2018 1:19 pm
Forum: Personal Consumer Issues
Topic: Should I be paying $1300/yr. for under/uninsured motorist protection?
Replies: 99
Views: 7113

Re: Should I be paying $1300/yr. for under/uninsured motorist protection?

Among other things I learned that I am paying $1300/yr. for UM/UIM (uninsured motorist/underinsured motorist) coverage for three people/three vehicles. The agent said this was for medical care if we had an accident with someone who was under/uninsured. I pointed out that health insurance would pay ...
by smackboy1
Thu Feb 15, 2018 10:10 pm
Forum: Personal Consumer Issues
Topic: Bonavita 1500 vs 1800/1900? (coffee)
Replies: 16
Views: 1318

Re: Bonavita 1500 vs 1800/1900? (coffee)

I also got the 1900 today, so I now have both 1500 (cone filter) and 1900 (flat-bottom) I tried comparing the temp difference between the two, but I couldn't tell definitely if there was a meaningful difference. Then I had a better idea: Rather than measure temperate or research between cone vs fla...
by smackboy1
Mon Feb 12, 2018 5:46 pm
Forum: Personal Consumer Issues
Topic: Suggest coffee maker please
Replies: 113
Views: 6956

Re: Suggest coffee maker please

Thanks for this post. Can you please explain what you mean by "preheating" and how to do it? It's the first tip at 22 secs in the video https://www.youtube.com/watch?v=1f7M5x_-EmM&t=0m22s You pour boiling hot water into the empty paper filter, holder and carafe to warm everything up and to minimize...
by smackboy1
Mon Feb 12, 2018 11:46 am
Forum: Personal Consumer Issues
Topic: Suggest coffee maker please
Replies: 113
Views: 6956

Re: Suggest coffee maker please

I did another experiment today. I thought that maybe on my 1500 it took a while for the water to reach the max temp. So I filled it up fully and let 3/4th pour put, then I quickly removed the carafe (without switching off the machine) and placed a mug underneath, and put in a digital thermometer, a...
by smackboy1
Tue Feb 06, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: How to receive large payment for a boat, PayPal vs Wire
Replies: 31
Views: 2051

Re: How to receive large payment for a boat, PayPal vs Wire

Safe ways for a selling an asset like a car or boat or house that protects both buyer and seller: 1) Bank check where both parties are at the buyer's bank and witness the buyer obtaining the actual bank check from the teller. Lots of cameras and zero chance the check is fake. Documents are signed an...
by smackboy1
Fri Feb 02, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Per Stirpes
Replies: 21
Views: 3100

Re: Per Stirpes

A beneficiary designation or pay/transfer on death for taxable accounts is an extremely powerful, but very blunt tool. It can override other estate planning and inadvertently create undesired outcomes. It may be appropriate for people where there is no risk of an unintended outcome, for example, no ...
by smackboy1
Thu Feb 01, 2018 10:25 pm
Forum: Personal Consumer Issues
Topic: "I Volunteered for the Hospital Board and was Sued for Millions."
Replies: 44
Views: 10526

Re: "I Volunteered for the Hospital Board and was Sued for Millions."

Is there a good titling strategy resource? It's mentioned a few times in the article and comments, but few specifics are offered. In brief: Some states recognize tenants-by-the-entirety. This only helps married couples and protects against creditors of only 1 spouse. It's easy to do, free and offer...
by smackboy1
Thu Feb 01, 2018 12:40 pm
Forum: Personal Consumer Issues
Topic: Buy a new car or not?
Replies: 34
Views: 2674

Re: Buy a new car or not?

emoore wrote:
Wed Jan 31, 2018 11:33 am
How does the OP sounds like a perfect fit for a Toyota or Honda? Obviously the OP likes to drive and therefore bought a Golf R.
Honda Civic Type R

https://automobiles.honda.com/civic-type-r

Toyota 86 GT

https://www.toyota.com/86/

:sharebeer
by smackboy1
Thu Feb 01, 2018 11:41 am
Forum: Personal Consumer Issues
Topic: SUV vs Minivan: which is safer?
Replies: 23
Views: 1643

Re: SUV vs Minivan: which is safer?

For someone looking for a larger car that can accommodate 2 car-seats + 3 adults or maybe even 4, safety-wise , would you go with an SUV or a Minivan? When I look at safety ratings online, they only look at same-weight class vehicles. I did not find comparisons across weight classes. Any suggestion...
by smackboy1
Mon Jan 29, 2018 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Wills - Should guardian also be the executor of the estate?
Replies: 15
Views: 1056

Re: Wills - Should guardian also be the executor of the estate?

You should use an experienced attorney to help draft the documents and to help discuss pros and cons of each approach. Sometimes well-intentioned plans can have unintended consequences. Here are some things to consider: - In the unlikely event both parents perish it will be very traumatic for all th...
by smackboy1
Tue Jan 23, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Family dilemma involving wills/trusts
Replies: 24
Views: 2627

Re: Family dilemma involving wills/trusts

This hypothetical is just a potentially huge family disaster, but it's not uncommon. There's at least 3 sides to this story and it's certain son #2 and the mother's versions would sound very different. There are issues of the mother's mental competency and if son #2 obtained the will changes using u...
by smackboy1
Mon Jan 22, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?
Replies: 95
Views: 8258

Re: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?

1) Natural or man made disaster requiring immediate evacuation. If the disaster is big enough communications might be disrupted rendering credit cards useless. 2) You need to disappear quickly under the radar. Maybe you're the victim of an abusive relationships or being stalked might need to leave t...
by smackboy1
Fri Dec 15, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Documents Required
Replies: 8
Views: 1307

Re: Legal Documents Required

This is what I was asking. Say Grantor #1 creates a living trust for the benefit of her daughter, with language so that the successor trustee takes over control of trust assets for the benefit of Grantor #1 in case of incapacity of Grantor #1. Say Grantor #2 sets up a testamentary trust for the ben...
by smackboy1
Fri Dec 15, 2017 4:09 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 7432

Re: Snow Tires? Worth it?

I got 4 WRG3s on an AWD sedan and would appreciate your input on what to watch for with these tires. I also have Nokian WRG3 on an AWD minivan. I drive in NJ and drove on these tires through "snowmageddon 2015" when we got 2-3 feet drifts. I also previously had Blizzaks on the same car. Our other c...
by smackboy1
Thu Dec 14, 2017 3:37 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 7432

Re: Snow Tires? Worth it?

1 Develop a workable plan 2 Invest early and often 3 Never bear too much or too little risk 4 Diversify 5 Never try to time the market 6 Use index funds when possible 7 Keep costs low 8 Minimize taxes 9 Invest with simplicity 10 Stay the course 11 Use snow tires :wink: 12 Don't let AWD give you a f...
by smackboy1
Thu Dec 14, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: your inheritance for young kids
Replies: 33
Views: 5611

Re: your inheritance for young kids

A lawyer who specializes in estates and trust will typically also have an LLM in tax. An LLM is an additional law degree post JD. LLM and CPA are entirely different things. The field of estate and trusts is very tax intensive and has to take into account current and future tax laws. Generally: When ...
by smackboy1
Wed Dec 13, 2017 2:40 pm
Forum: Personal Consumer Issues
Topic: My Costco/TrueCar auto shopping experience
Replies: 44
Views: 29405

Re: My Costco/TrueCar auto shopping experience

I know from what others have said that the TrueCar price is crap. My question is, is it still somewhat high? In other words, you're saying I should get a better price from what is quoted by them? Can you give me a ballpark figure as to how much less I should be able to get? 10%, 20% less? It's diff...
by smackboy1
Wed Dec 13, 2017 8:31 am
Forum: Personal Consumer Issues
Topic: Espresso Machine suggestions?
Replies: 41
Views: 3054

Re: Espresso Machine suggestions?

TarHeel2002 wrote:
Sat Dec 09, 2017 12:12 pm
What I do mind is the time it takes to drive to the other side of town to get a decent one.
You anywhere near Counter Culture? They have excellent coffee and knowledge.

https://counterculturecoffee.com
by smackboy1
Tue Dec 12, 2017 9:11 am
Forum: Personal Consumer Issues
Topic: Best Touch Screen Set-Up (mouse problems)
Replies: 3
Views: 332

Re: Best Touch Screen Set-Up (mouse problems)

I've been having troubles with using a mouse and was thinking of changing to something touch screen. . . With touch screen, are my options pretty much an ipad? or Chrome book? The first thing to do is figure out what the problem is that needs fixing. Then find a solution tailored to that problem. I...
by smackboy1
Mon Dec 11, 2017 4:20 pm
Forum: Personal Consumer Issues
Topic: Espresso Machine suggestions?
Replies: 41
Views: 3054

Re: Espresso Machine suggestions?

Thanks for the link. $500-1k budget is what I was thinking. I jumped into the deep end of the espresso pool about 3 years ago so I know what it's like to be in your shoes. The most important thing is to figure out exactly what you want out of coffee before spending any $. It's really easy to waste ...
by smackboy1
Sun Dec 03, 2017 5:41 pm
Forum: Personal Consumer Issues
Topic: Buy Warranty for Bosch Appliances?
Replies: 15
Views: 1130

Re: Buy Warranty for Bosch Appliances?

Would you buy it? No. It's usually an insurance policy and not worth it. I use my Amex which will extend the OEM warranty by up to 1 year. In my experience many brand name manufacturers are customer service oriented and do not like bad reviews. Bosch is a huge consumer brand. As such in certain cir...
by smackboy1
Thu Nov 30, 2017 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Decision Needed - How to Invest Rental Income?
Replies: 16
Views: 713

Re: Decision Needed - How to Invest Rental Income?

In general though without any context, I'd tell you to keep that cash on hand for a year without doing anything. I have several rentals and have had them for years. Everything goes well for months or even a year or two, then you'll need a $8000 HVAC, or a tenant will move out and trash the place re...
by smackboy1
Mon Nov 27, 2017 5:10 pm
Forum: Personal Consumer Issues
Topic: Sous Vide?
Replies: 75
Views: 11835

Re: Sous Vide?

1. For those who've owned a sous vide/immersion circulator for number of months or years, what can you say about their durability and prospects for longer term use ? Do they hold up (specifically the Anova), or have performance drop-offs and a short lifespan (e.g., <1 year)? Do you use it fairly of...
by smackboy1
Mon Nov 27, 2017 9:51 am
Forum: Personal Consumer Issues
Topic: Safest roomy luxury suv?
Replies: 58
Views: 5730

Re: Safest roomy luxury suv?

And we’d like it to be as safe as possible. "Safety" is a difficult thing to define and evaluate. Aside from things like airbags, crumple zones and side impact protection, there's autonomous driving technology, collision avoidance systems, vehicle stability systems, cameras, radar, laser, tire pres...
by smackboy1
Mon Nov 20, 2017 2:49 pm
Forum: Personal Consumer Issues
Topic: Uber for someone who knows only taxis
Replies: 93
Views: 6471

Re: Uber for someone who knows only taxis

What are your tips on using Uber? (Speaking of which... what about tips?) My experience in using taxis is that only once in my whole life have I ever been seriously uncomfortable with a driver (he was drunk). How often have you personally been seriously uncomfortable with Uber? What would you say a...
by smackboy1
Fri Nov 17, 2017 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: POAs may not be that powerful
Replies: 94
Views: 5756

Re: POAs may not be that powerful

Durable POAs present a huge risk of fraud or malfeasance. To be useful they have to give the agent immediate unfettered power over the principal's assets. This is either simply not true or else we are not all understanding the term "durable" to mean the same thing (probably the later). Some have in...