Search found 999 matches

by smackboy1
Thu Oct 18, 2018 9:43 am
Forum: Personal Consumer Issues
Topic: When to change tires; and what brand
Replies: 57
Views: 2511

Re: When to change tires; and what brand

You can tell when to replace your tires by using a penny as a tire tread depth gage: https://3.bp.blogspot.com/-a8kbk2i0D2s/WUk7bOqeUEI/AAAAAAAAARE/VJlYMBiWA9sECa2dNBGMyWETFBlZQlS7QCLcBGAs/s400/penny-test_usd_gradient.jpg The penny test has been superseded by the quarter test. Tires should be chang...
by smackboy1
Mon Oct 15, 2018 6:49 am
Forum: Personal Consumer Issues
Topic: Not convinced with insurance
Replies: 45
Views: 3495

Re: Not convinced with insurance

One more thing: consider non-owner uninsured/under insured motorist insurance. You might be able to never drive a car, but when bicycling you can't control if the driver that hits you has adequate insurance.
by smackboy1
Sun Oct 14, 2018 9:18 pm
Forum: Personal Consumer Issues
Topic: Not convinced with insurance
Replies: 45
Views: 3495

Re: Not convinced with insurance

For most people the primary purpose of insurance is to shift the risk of loss. It's especially useful if the risks covered are broad and the loss would be financially devastating. Insurance is like a safety net so don't confuse the unlikely with the impossible. How much general liability coverage? A...
by smackboy1
Wed Oct 10, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Uninsured/underinsured insurance?
Replies: 14
Views: 541

Re: Uninsured/underinsured insurance?

UM/UIM insurance may also protect you even if you are not in your car i.e. if you are hurt by an uninsured driver when you are walking around or on a bicycle. Another way to think about UM/UIM is that it's another pot of $ for you and your family/passengers. Liability and umbrella are to pay the oth...
by smackboy1
Wed Oct 10, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Uninsured/underinsured insurance?
Replies: 14
Views: 541

Re: Uninsured/underinsured insurance?

I don't quite understand what uninsured/underinsured auto insurance is for. You need to have comprehensive and collision in order to get it If I get into an accident, Liability will pay the other guy (if I'm at fault) Collision will pay me (regardless of fault). In that case, what does having under...
by smackboy1
Sat Oct 06, 2018 9:36 am
Forum: Investing - Theory, News & General
Topic: Allan Roth doesn't like single premium annuities
Replies: 185
Views: 9260

Re: Alan Roth doesn't like single premium annuities

SPIA are just another tool in the tool box. Sometimes it's the right tool, but not always. I think the problem is when people consider them investments and start looking at ROI. I don't consider them investments. They are more akin to insurance like life insurance, flood insurance, umbrella insuranc...
by smackboy1
Fri Oct 05, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Need advice will vs trust for my situation
Replies: 28
Views: 2129

Re: Need advice will vs trust for my situation-UPDATE

We are going with the trust with pour over wills. I would like to save the money by saying screw it give all to the daughter at once but their are other things we would like to do with OUR money and she simply cannot be relied upon to do this. Additionally she could never handle probate. What we de...
by smackboy1
Tue Oct 02, 2018 12:10 pm
Forum: Personal Consumer Issues
Topic: Shows in Las Vegas for 6 and 8 year old
Replies: 23
Views: 1543

Re: Shows in Las Vegas for 6 and 8 year old

Not sure but will 6 and 8 year enjoy Blue Man Group show? If not, are there any shows which I should be looking at. These shows are 90 minutes so not sure if kids can sit to enjoy. Have you ever seen Blue Man Group? Personally I found it kind of meh. It's performance art the kids may get bored if t...
by smackboy1
Sun Sep 30, 2018 8:21 pm
Forum: Personal Consumer Issues
Topic: Anyone ordered a vehicle through a dealership?
Replies: 40
Views: 3101

Re: Anyone ordered a vehicle through a dealership?

We are in the market for a new truck. We have a local dealership where we service and purchase our vehicles. We are looking for a particular vehicle, but we are not seeing it on their lot. Has anyone ordered a vehicle before? How does the process work. Is there any room for negotiation with 2019 ve...
by smackboy1
Thu Sep 27, 2018 6:27 pm
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 89
Views: 5956

Re: Oil change interval for low-mileage vehicles

I have a 2017 Ford Escape, and I don't drive much. I put about 4000 miles a year on it. Most of that is from short trips, running errands around town. My mechanic says I should have the oil changed every three months (roughly 1300 - 1500 miles). I decided to RTFM (Read The Fine Manual)... :P It say...
by smackboy1
Mon Sep 24, 2018 10:08 am
Forum: Personal Consumer Issues
Topic: HVAC Options -- Any advice?
Replies: 29
Views: 1751

Re: HVAC Options -- Any advice?

Thanks. Assume this company has worked with hundreds of houses almost identical to mine for 60 years (including the old system on my house and a bunch of my neighbor's houses). I checked one neighbor's house and the new system looks virtually identical -- same models, same spot in the basement, etc...
by smackboy1
Mon Sep 24, 2018 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Investing in the Rare Opportunity
Replies: 59
Views: 4540

Re: Investing in the Rare Opportunity

Johnny is a 40-year old. . . and lives without extravagance; he’s got a million in his 401K and another million in taxable. . . Johnny can sell and get his additional million or wait and try to parley it into much more…maybe $5 million. He decides to wait. He moves all the money in his taxable acco...
by smackboy1
Mon Sep 17, 2018 10:00 pm
Forum: Personal Consumer Issues
Topic: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)
Replies: 50
Views: 2549

Re: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)

So is there a difference between "GV/Hangouts" and "Google Voice"? She has Google Voice running and whenever she tries to make a call from Europe using Google voice she gets a "Call cannot be routed by foreign carrier" or some such message. It is still trying to use VoIP but perhaps Google is block...
by smackboy1
Mon Sep 17, 2018 9:26 pm
Forum: Personal Consumer Issues
Topic: Rain Jacket recommendations and care
Replies: 32
Views: 2481

Re: Rain Jacket recommendations and care

I'm a skier but more than that I'm a clothes horse when it comes to technical gear. In order to cut through the manufacturer's marketing BS it really pays to understand the underlying technology behind claims of "waterproof and breathable" fabrics. These articles are the best explanation I've ever r...
by smackboy1
Fri Sep 07, 2018 4:04 pm
Forum: Personal Consumer Issues
Topic: Selling a newish vehicle yourself, how to do it?
Replies: 61
Views: 3178

Re: Selling a newish vehicle yourself, how to do it?

Car selling tips: 1) Definitely use a throwaway phone # and email. 2) Don't use KBB or any other website to value and price the car. It's BS. Get a trade in offer from a dealer or Carmax. That's the low. Look at completed sales for similar cars e.g. eBay. Most cars listed on Auto Trader or Cars.com ...
by smackboy1
Mon Sep 03, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Liability insurance for storage building
Replies: 2
Views: 273

Re: Liability insurance for storage building

I am considering purchasing a storage building to keep my collectible cars. I would purchase the building through an LLC which I am the sole member. The building is bigger than my personal needs and I wanted to rent out a few spaces to select friends/car buddies. My questions are: 1) The building w...
by smackboy1
Mon Sep 03, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: How do I get rid of big project t.v.?
Replies: 21
Views: 1124

Re: How do I get rid of big project t.v.?

PICKUP Pickup and haul-away can be scheduled for a $99.99 fee without a qualifying purchase for up to two appliances or two TVs or one of each. Please contact your local store for details and to schedule your pickup time. Thank you! We are almost at this point with a wonderful but 200-pound 34" Son...
by smackboy1
Tue Aug 28, 2018 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Is a will or living trust necessary?
Replies: 11
Views: 1229

Re: Is a will or living trust necessary?

I’m 31, married, with no kids and do not have a will or living trust in place. I have all of my accounts with my wife designated as the beneficiary. Is it necessary for me to have a will or living trust in place? Perhaps I’m ignorant, but I feel like my situation is pretty simple. It depends. Peopl...
by smackboy1
Tue Aug 28, 2018 11:23 am
Forum: Personal Consumer Issues
Topic: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)
Replies: 50
Views: 2549

Re: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)

Thanks for the detailed response. So someone above mentioned a "Skype $71" plan that would allow unlimited phone calls back to the US for free (over data). BUT, if I understand Google-Voice, you can get a free US number (I did this last night to try it out) and then use that number from Europe (pro...
by smackboy1
Mon Aug 27, 2018 8:20 pm
Forum: Personal Consumer Issues
Topic: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)
Replies: 50
Views: 2549

Re: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)

We travel frequently, although mostly in Asia. The easiest and best way is for her to make sure her VZW mobile phone can use the 4 main global GSM frequencies and then buy prepaid rechargeable local SIM in Austria with 4GLTE data and roaming in the EU. That way she will have a local # for making res...
by smackboy1
Mon Aug 27, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: LLC for one rental property?
Replies: 28
Views: 2334

Re: LLC for one rental property?

That said our real estate attorney at closing told us we should form an LLC to put the property into. Is this really needed? Can’t sufficient umbrella/liability cover in the event of a lawsuit? It depends on state law and also your financial situation e.g. single member LLC may not offer any liabil...
by smackboy1
Fri Aug 10, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Investment Policy Statement
Replies: 61
Views: 3366

Re: Trust Investment Policy Statement

Bogleheads believe in low cost index funds and ETFs. Have you inserted an Investment Policy Statement in any estate planning trusts to reflect your desire to maintain a low cost, passive portfolio and give guidance to successor trustees? Can a trust protector enforce your wishes if the trustee stra...
by smackboy1
Fri Aug 10, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: Uninsured Motorist coverage
Replies: 30
Views: 1924

Re: Uninsured Motorist coverage

If youre worried about permanent disability, wouldnt disability insurance be better, since it would cover injury from any cause and you wouldnt have to risk a trial against the uninsured driver? Your own insurance co might argue in defense of the uninsured driver. https://bancorpinsurance.com/why-d...
by smackboy1
Fri Aug 10, 2018 8:24 am
Forum: Personal Consumer Issues
Topic: Uninsured Motorist coverage
Replies: 30
Views: 1924

Re: Uninsured Motorist coverage

There are 2 types of people that do not need to buy UM/UIM: 1) Income too low and cannot afford it ABSOLUTELY NOT! If you drive a car, you MUST have UM/UIM - or you risk a real financial and medical disaster. If a person's income is so low the choice is between food, shelter or medicine vs. UM/UIM ...
by smackboy1
Thu Aug 09, 2018 7:15 pm
Forum: Personal Consumer Issues
Topic: Uninsured Motorist coverage
Replies: 30
Views: 1924

Re: Uninsured Motorist coverage

A bit perplexing. Uninsured motorist hits your car and injures you and a passenger. Medical and liability coverage should kick in regardless. In what scenario would one need to use this beyond simply selecting state minimums? Especially if one has Personal Injury Protection , as well as Uninsured M...
by smackboy1
Thu Aug 09, 2018 5:59 pm
Forum: Personal Consumer Issues
Topic: Uninsured Motorist coverage
Replies: 30
Views: 1924

Re: Uninsured Motorist coverage

A bit perplexing. Uninsured motorist hits your car and injures you and a passenger. Medical and liability coverage should kick in regardless. In what scenario would one need to use this beyond simply selecting state minimums? Especially if one has Personal Injury Protection , as well as Uninsured M...
by smackboy1
Wed Aug 01, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Choosing a trustee
Replies: 29
Views: 2067

Re: Choosing a trustee

My wife and I met with an estate attorney to setup our will. We have 2 young children, 2 & 4 yo, and 3 million in life insurance and a couple hundred thousand in investment/retirement accounts that will hopefully grow considerably by the time they are no longer minors. If something was to happen to...
by smackboy1
Wed Jun 27, 2018 10:15 am
Forum: Personal Consumer Issues
Topic: Home AC filters - does MPR matter ? [Microparticle Performance Rating]
Replies: 16
Views: 1608

Re: Home AC filters - does MPR matter ?

I need to buy filters for my home AC. I was getting some with high MPR ratings but some are telling me it’s a waste of money. I don’t have allergies or other sensitivities so I’m wondering if I should just get the cheap ones. For example Filtrete MPR 300 is much cheaper Is there anything I’m missin...
by smackboy1
Wed May 23, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Home Loan from Parents
Replies: 24
Views: 2604

Re: Home Loan from Parents

I appreciate the cautions regarding the risk vs reward ratio of this proposition. The intra-family issues aside, make sure to understand the full legal consequences. Make sure everything is in writing and properly recorded just like a commercial mortgage and note. - To avoid running afoul of IRS ru...
by smackboy1
Wed May 16, 2018 8:47 am
Forum: Personal Consumer Issues
Topic: Neighbor wants to use our land temporarily - let them or not?
Replies: 48
Views: 6596

Re: Neighbor wants to use our land temporarily - let them or not?

Would you give permission? Liability concerns? If it were me I would give permission - in writing with terms and conditions shifting liability to them. Liability is a real concern and should not be dismissed just because it's unlikely. If there is an injury or there is an environmental problem and ...
by smackboy1
Fri May 04, 2018 7:32 am
Forum: Personal Consumer Issues
Topic: Need advice on $5M property sale
Replies: 39
Views: 4366

Re: Need advice on $5M property sale

But the realtor commission really bothers me. $300k! Ouch! Don't fixate on a few % of a potential multi million $ deal. The commission is negotiable but it's only part of the decision making process. This is a commercial transaction so think of it like a business. Request proposals from at least 3 ...
by smackboy1
Tue May 01, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: Learning to drive a stick [car with manual transmission]
Replies: 126
Views: 7134

Re: Learning to drive stick

Out of curiosity, what is the problem with coasting? Coasting: meaning the engine is disconnected from the drive wheels, either by holding the clutch pedal down for extended period, or leaving the transmission in neutral while the car is moving. It's bad because the driver has no ability to immedia...
by smackboy1
Tue May 01, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: How to price condo for private sale?
Replies: 14
Views: 1130

Re: How to price condo for private sale?

Zillow and realtor valuation is worth about as much as you pay for it i.e. not much. The only true valuation is what an arms length buyer would be willing to pay for it in the fair market. Anything else is just a guess. Appraisal is not science, it's an educated guess and subject to manipulation as ...
by smackboy1
Fri Apr 27, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting 60k to someone
Replies: 18
Views: 2477

Re: Gifting 60k to someone

Have a question related to gifting. I know that you can give 15k/yr to an individual without any penalty. But can you give a 60k gift to someone without penalty in one year? I seem to recall something that allows you to make a certain amount of gifts during your lifetime and wonder if you are allow...
by smackboy1
Fri Apr 27, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Do you need a physical for a Term Life policy?
Replies: 18
Views: 1773

Re: Do you need a physical for a Term Life policy?

I'm shopping around for a Term Life insurance policy. What happens after I pick one? Do you need a physical with your doctor? I just did one and my cholesterol is slightly elevated. Is that going to be a factor? Usually the physical exam is done by a nurse hired by the insurer. A long health survey...
by smackboy1
Fri Apr 27, 2018 8:09 am
Forum: Personal Consumer Issues
Topic: Learning to drive a stick [car with manual transmission]
Replies: 126
Views: 7134

Re: Learning to drive stick

I live in Chicago, which is very flat, so practicing for hills is going to be difficult to do. . . But I did a search on Kayak and didn't see any manuals for rent in Chicago? Any incline will work for practice. Find steep driveway or a parking garage with ramps. The nuance of using a clutch is from...
by smackboy1
Thu Apr 26, 2018 4:44 pm
Forum: Personal Consumer Issues
Topic: Learning to drive a stick [car with manual transmission]
Replies: 126
Views: 7134

Re: Learning to drive stick

There is a driving school near me that offers a 2 hour lesson for $180. They provide the car. Reviews suggest that at the end of the 2 hours, people feel comfortable enough that they could drive stick now, albeit not perfectly. Would this be a reasonable plan of action? I suppose I could also try t...
by smackboy1
Tue Apr 24, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: Newborn- essential financial steps
Replies: 20
Views: 2222

Re: Newborn- essential financial steps

We have a 1 month old daughter now. Beyond 529 account, are there any other financial steps that would be useful at this time? For both you and your spouse: Wills - naming guardian for your children. Name multiple successors. Life and Disability Insurance - In case one/both of you become disabled o...
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: 4704

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: 20
Views: 1887

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: 41516

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: 3783

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: 1380

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: Investing - Help with Personal Investments
Topic: Please Evaluate My Portfolio and Make Recommendations
Replies: 30
Views: 1131

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: 1462

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: 2772

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: 2102

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: 1277

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: 74
Views: 6819

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: 2732

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