Search found 46 matches

by walkerbait
Fri Sep 20, 2019 11:31 pm
Forum: Personal Consumer Issues
Topic: wild caught sockeye salmon
Replies: 73
Views: 9703

Re: wild caught sockeye salmon

Why would it surprise anyone that even the freshest fish can have worms? The worms are harmless and add protein if cooked, much safer than all the chemicals we ingest daily. Yes, I would be grossed out and throw the fish away if I saw worms, but sometimes what you don't know can't hurt you. When I ...
by walkerbait
Sat Mar 23, 2019 7:32 am
Forum: Personal Consumer Issues
Topic: What consideration do you give to product reviews?
Replies: 23
Views: 1267

Re: What consideration do you give to product reviews?

I find Fakespot helpful for determining whether Amazon reviews for a particular product are trustworthy. Be careful of Fakespot, mostly worthless these days. What makes you say this? I still find it quite useful. I am a seller on amazon, have never done a single thing to manipulate reviews for my p...
by walkerbait
Fri Mar 15, 2019 8:35 am
Forum: Personal Consumer Issues
Topic: Tesla Model Y
Replies: 127
Views: 9408

Re: Tesla Model Y

I was unimpressed by the reveal...I mean it’s a model 3 with 2 extra seats instead of a trunk. But the more I think about it, it could be a future car of mine. I have really wanted an X or even S with rear facing seats, but the price is way more than I’m willing to pay. The Y provides most of the el...
by walkerbait
Mon Mar 11, 2019 10:43 pm
Forum: Personal Consumer Issues
Topic: Experience with turbo >100,000 mi
Replies: 29
Views: 2548

Re: Experience with turbo >100,000 mi

I have a 2003 VW diesel with a turbo that has ~175k miles (and nearly 16 years) on the original turbo. No signs of it quitting any time soon, though it's not uncommon for them to last "just" 150k. The bigger factor for the Ascent, which has already been mentioned, is that it's a new engine design an...
by walkerbait
Wed Feb 27, 2019 2:49 pm
Forum: Personal Consumer Issues
Topic: brand new Sienna/Odyssey or gently used?
Replies: 40
Views: 2670

Re: brand new Sienna/Odyssey or gently used?

Family of 6 here, but we bought our 2014 Odyssey EX-L when we were a family of 4 and expecting our 5th child. We bought new because Honda had just partially refreshed the Odyssey with a smart key, push button start, touch-unlock to enter, and a new transmission. Zero regrets with our van -- in 5.5 y...
by walkerbait
Sat Feb 23, 2019 11:58 pm
Forum: Personal Consumer Issues
Topic: Buyer's agent in state where rebate is not allowed?
Replies: 20
Views: 1247

Re: Buyer's agent in state where rebate is not allowed?

There's been several similar threads. It seems the buyer thinks one agent, I am going to save money and the agent thinks one agent, I am going to make double. Yeah, maybe if the two parties are close the agent is more likely to kick in some money to make the deal work if there is only one agent. Ar...
by walkerbait
Sat Feb 23, 2019 10:53 pm
Forum: Personal Consumer Issues
Topic: Buyer's agent in state where rebate is not allowed?
Replies: 20
Views: 1247

Re: Buyer's agent in state where rebate is not allowed?

There's been several similar threads. It seems the buyer thinks one agent, I am going to save money and the agent thinks one agent, I am going to make double. Yeah, maybe if the two parties are close the agent is more likely to kick in some money to make the deal work if there is only one agent. Ar...
by walkerbait
Sat Feb 23, 2019 11:26 am
Forum: Personal Consumer Issues
Topic: Buyer's agent in state where rebate is not allowed?
Replies: 20
Views: 1247

Re: Buyer's agent in state where rebate is not allowed?

Couple things to consider, you must look outside of yourself. Statistically when I take a good listing I'll get a buyer out of it (normally not for that home) and there is a cost with getting a listing so if you reduce the commission by 2/3 you hurt yourself and guess what when the seller sees that...
by walkerbait
Sat Feb 23, 2019 10:45 am
Forum: Personal Consumer Issues
Topic: Buyer's agent in state where rebate is not allowed?
Replies: 20
Views: 1247

Re: Buyer's agent in state where rebate is not allowed?

Rebate is cash back to you and is not the same as the agent agreeing to reduce the commission specified in their contract with the seller. Remember the commission for both the seller's agent and buyer's agent is defined in the seller's contract with their agent. This is where the dual agency helps ...
by walkerbait
Sat Feb 23, 2019 10:20 am
Forum: Personal Consumer Issues
Topic: Buyer's agent in state where rebate is not allowed?
Replies: 20
Views: 1247

Re: Buyer's agent in state where rebate is not allowed?

pshonore wrote:
Sat Feb 23, 2019 9:53 am
If you've already made contact with the listing agent and identified yourself, you may not have too many options.
Are you implying that I am contracted with the listing agent as a buyer’s rep by asking them for information? I was not aware that equates to me contracting with them..
by walkerbait
Sat Feb 23, 2019 12:05 am
Forum: Personal Consumer Issues
Topic: Buyer's agent in state where rebate is not allowed?
Replies: 20
Views: 1247

Re: Buyer's agent in state where rebate is not allowed?

I'm not sure I understand your objective. Are you going to low ball the seller on the price or do you want a rebate from the agent because you will be so great to work with or are you want to go it alone without representation so you should get a discount? I've been in real estate for a while and I...
by walkerbait
Fri Feb 22, 2019 10:29 pm
Forum: Personal Consumer Issues
Topic: Buyer's agent in state where rebate is not allowed?
Replies: 20
Views: 1247

Buyer's agent in state where rebate is not allowed?

We are considering putting in an offer on a ~$650k house. We have not been using a buyer's agent, just have been keeping an eye on the market because we have some fairly narrow/particular desires for the home. Wouldn't you know, one that checks just about every box popped up for sale. We want to go ...
by walkerbait
Tue Feb 19, 2019 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Easiest Way to Give $100k Cash to Non-Family Member
Replies: 62
Views: 5451

Re: Easiest Way to Give $100k Cash to Non-Family Member

I'm going to go against most of the opinions here -- I say, if the situation is right, go ahead and gift it to them. It's just money -- there is more to be made. Relationships are the most important thing. We have some very good friends who we would gladly pay $100k to live closer to us, and I don't...
by walkerbait
Sat Feb 16, 2019 5:33 pm
Forum: Personal Investments
Topic: Financial impact of purchasing a home to retire to (with cash)
Replies: 9
Views: 597

Re: Financial impact of purchasing a home to retire to (with cash)

It's not necessarily a totally bad idea, but there are enough negatives that I would suggest holding off. A few points that seem to be off in your analysis: 1) You can't actually deduct the net rental loss against your current taxes (though it will accumulate and eventually sit as a suspended passi...
by walkerbait
Sat Feb 16, 2019 5:07 pm
Forum: Personal Investments
Topic: Financial impact of purchasing a home to retire to (with cash)
Replies: 9
Views: 597

Re: Financial impact of purchasing a home to retire to (with cash)

Hold onto your horses there, you've got 8 years and in 8 years a lot could happen. If this house is in the country there may be less demand for these in 8 years. You may be able to 3d print one in 8 years, or truck a prefab one in for cheap. You or a family member may develop a disability and want ...
by walkerbait
Sat Feb 16, 2019 4:57 pm
Forum: Personal Investments
Topic: Financial impact of purchasing a home to retire to (with cash)
Replies: 9
Views: 597

Re: Financial impact of purchasing a home to retire to (with cash)

I think you will get better feedback if you provide general location. $650k is a lot in most places for a rental, and $2500/month sounds incredibly low compared to property value - sounds like an area where people are speculating on appreciation, vs cash flow, of rental houses. You are getting $15k...
by walkerbait
Sat Feb 16, 2019 4:20 pm
Forum: Personal Investments
Topic: Financial impact of purchasing a home to retire to (with cash)
Replies: 9
Views: 597

Financial impact of purchasing a home to retire to (with cash)

I am looking for help on poking holes in my analysis of a possible home purchase for after military retirement (8 years away). My family and I are fairly certain about where we want to settle, and have been casually looking at land for a few years where we could build a home to settle down into. Rec...
by walkerbait
Sun Feb 10, 2019 6:51 pm
Forum: Personal Consumer Issues
Topic: Amazon third-party item received damaged. No recourse?
Replies: 9
Views: 1249

Re: Amazon third-party item received damaged. No recourse?

Amazon has gotten REALLY bad with fake reviews and scummy third party vendors. I only buy brand-name stuff direct from them these days. It is SO bad, and most people don't realize it. I own a company that sells on amazon, and it's difficult to compete because of all the fake reviews (I don't engage...
by walkerbait
Sun Feb 10, 2019 5:36 pm
Forum: Personal Consumer Issues
Topic: Diamonds are forever.
Replies: 94
Views: 11386

Re: Diamonds are forever.

I agree with everyone who says diamonds are a waste of money and not rare, etc. But, it's a popular thing in our culture and some people want to buy them even if they aren't good investments. We used whiteflash.com to purchase my wife's diamond and had them do a custom ring to go along with it -- Af...
by walkerbait
Thu Jan 17, 2019 10:27 am
Forum: Personal Consumer Issues
Topic: Fun with Amazon
Replies: 35
Views: 4101

Re: Fun with Amazon

Their website is a disaster. Too many sponsored items. Unless you specifically know the item you want, you'll get a bunch of junk when you search for something as mundane as a humidifier. I use them mostly for the reviews. Since I don't have Prime, it is just easier now to buy one item on eBay. I h...
by walkerbait
Mon Jan 07, 2019 11:09 pm
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 3047

Re: Balsam Hill - Defective Christmas Tree

One time I was scheduled to receive a delivery via freight. The driver called me to ask about my street — whether an 18-wheeler could get in and out of the neighborhood due to the tight turns. I told him maybe, but I wouldn’t risk it. I decided to drive to his location, right off the interstate exit...
by walkerbait
Tue Jul 31, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Settle my claim or elevate issue
Replies: 18
Views: 1661

Re: Settle my claim or elevate issue

I would take the reimbursement offered and move on. The way to “make money” in this scenario is by getting the dealer quote and then fixing it yourself, and getting reimbursed based on the dealer quote. That’s what I did on an easily replaceable part that was damaged shipping from Texas to Alaska. I...
by walkerbait
Fri Jul 27, 2018 10:54 am
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 28749

Re: Invest in Tesla?

This has probably been discussed before, and is nothing more than a guess on my part, but I think Tesla will have a real problem with margins on the $35k Model 3. I am guessing they are making money with their current production models, but I wonder what their cost structure is like as the options f...
by walkerbait
Wed Jul 25, 2018 9:30 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 328667

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I have a question to those who have been down this road... I currently have all of my investments at VG. I am considering transferring the investments in a taxable account (in-kind) to another brokerage to get a bonus, and then 2-3x over the next few years. If I do that, and eventually end up with e...
by walkerbait
Sun Jul 22, 2018 4:03 am
Forum: Personal Finance (Not Investing)
Topic: $1200 AC fix on a 2007 Civic
Replies: 22
Views: 1829

Re: $1200 AC fix on a 2007 Civic

I did not fix my vehicle's A.C. when it died about 5 years ago. My son and my daughter-in-law both have vehicles without working A.C. We live in a region which is hot & humid, more so than places like Atlanta, Wash. D.C. but less so than Houston. A.C. in a vehicle is a luxury, to me, that is easy t...
by walkerbait
Tue Jul 03, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: 25-year-old military vet/undergrad student in search of advice
Replies: 11
Views: 1126

Re: 25-year-old military vet/undergrad student in search of advice

Some great advice already given. The only thing I will add is that I wouldn’t underestimate your work ethic and time management abilities regarding the part-time job. I don’t recommend working so much that your grades suffer, but what I’ve found through life is that I am actually more productive whe...
by walkerbait
Sat Jun 23, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Are you smarter than my CPA? (IRA issue)
Replies: 17
Views: 2136

Re: Are you smarter than my CPA? (IRA issue)

I think this is going to be hard for anyone to answer accurately without seeing what your 2016 and 2017 returns actually had on them. I think you're right, you should only have to pay tax on the gains between when you re-characterized in Feb 2017 and converted later that month. But, if your 2016 ret...
by walkerbait
Tue May 01, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: When/how did you start teaching your child about personal finance?
Replies: 34
Views: 3252

Re: When/how did you start teaching your child about personal finance?

Ron Lieber's book is a good read https://www.amazon.com/Opposite-Spoiled-Raising-Grounded-Generous-ebook/dp/B00KAC65PW He talks about bringing home his salary in $1 bills and then dividing it up into the categories of where it all goes. Good stuff. I second this book recommendation. We are just sta...
by walkerbait
Thu Mar 22, 2018 6:02 pm
Forum: Personal Investments
Topic: I can’t believe I’m asking another TLH question
Replies: 6
Views: 870

Re: I can’t believe I’m asking another TLH question

Thanks, that confirms what I thought. And I’ll try to get through the TLH articles recommended! :beer
by walkerbait
Thu Mar 22, 2018 5:02 pm
Forum: Personal Investments
Topic: I can’t believe I’m asking another TLH question
Replies: 6
Views: 870

I can’t believe I’m asking another TLH question

I searched, I read, and I’m still confused :confused I have VG total stock market and total international mutual funds in a taxable account. Purchases as follows: Multiple lots prior to 1/6/18, all at a gain 1/16/18 — lot at a gain 3/16/18 — lot at a loss Assuming I sell tomorrow all of my 3/16/18 s...
by walkerbait
Tue Feb 13, 2018 1:51 pm
Forum: Personal Investments
Topic: Spousal IRA contribution
Replies: 3
Views: 525

Re: Spousal IRA contribution

No, you may not contribute to an inherited IRA. Nor would you want to, even if you could, because you're forced to take distributions each year. Your own IRA is much more beneficial as it can grow tax-deferred (Traditional) or tax-free (Roth) with no required distributions.
by walkerbait
Wed Feb 07, 2018 11:42 pm
Forum: Personal Investments
Topic: Inherited IRA - Schedule A Miscellaneous Deduction Going Away - What to do?
Replies: 11
Views: 1865

Re: Inherited IRA - Schedule A Miscellaneous Deduction Going Away - What to do?

If I understand the tax revisions correctly, then gone is the ability for beneficiaries to claim deductions in excess if income from an estate’s final tax return? These fell under the miscellaneous subject to 2% of AGI reduction.

Does this interpretation seem accurate?
by walkerbait
Sat Jan 13, 2018 1:26 am
Forum: Personal Finance (Not Investing)
Topic: Simple estate planning question regarding basis step-up on jointly titled account
Replies: 4
Views: 511

Simple estate planning question regarding basis step-up on jointly titled account

I have searched for an hour and can't seem to come up with the answer. This is an estate-planning question as I try to determine whether to change an account from an individual account in my name to a joint account with my spouse. We live in a non-community property state. I understand that the way ...
by walkerbait
Tue Jan 02, 2018 11:14 pm
Forum: Personal Investments
Topic: Opted into the new military retirement system/BRS
Replies: 61
Views: 6974

Re: Opted into the new military retirement system/BRS

Would I be able to take a tax deduction if the DoD contributes in traditional dollars even though I designated 100% roth TSP in mypay? No, because you didn't pay tax on the money in the first place. If you earn $40K, contribute some of it to a Roth TSP and the government puts $2K into your traditio...
by walkerbait
Thu Sep 28, 2017 8:29 am
Forum: Personal Finance (Not Investing)
Topic: I inherited a life insurance policy that is upside down?
Replies: 21
Views: 2967

Re: I inherited a life insurance policy that is upside down?

Not knowledgeable about whole life policies, but I am curious, if you “inherited” the policy, why wasn’t the death benefit paid out to the beneficiary? Why is this policy still active? I thought the point of life insurance is to pay a benefit on someone’s death. The policy was on my life. I should ...
by walkerbait
Wed Sep 27, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: I inherited a life insurance policy that is upside down?
Replies: 21
Views: 2967

Re: I inherited a life insurance policy that is upside down?

Are you sure the actual cash value isn't $13,610 ($8,812 + $4,798) and the cash value shown is with the loan amount subtracted from the actual cash value? There are two different amounts - actual cash value and cash surrender value. The surrender value is what you would get if the policy was termin...
by walkerbait
Wed Sep 27, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: I inherited a life insurance policy that is upside down?
Replies: 21
Views: 2967

Re: I inherited a life insurance policy that is upside down?

Call the Insurance Company and ask them. As the owner now you have total control over the policy, they will give you your cash out value and also tell you what portion will be taxable as capital gains and if there is a loan against the policy. Unless the previous owner (?) took out a loan on the po...
by walkerbait
Wed Sep 27, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: I inherited a life insurance policy that is upside down?
Replies: 21
Views: 2967

Re: I inherited a life insurance policy that is upside down?

Are you sure the actual cash value isn't $13,610 ($8,812 + $4,798) and the cash value shown is with the loan amount subtracted from the actual cash value? There are two different amounts - actual cash value and cash surrender value. The surrender value is what you would get if the policy was termin...
by walkerbait
Wed Sep 27, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: I inherited a life insurance policy that is upside down?
Replies: 21
Views: 2967

Re: I inherited a life insurance policy that is upside down?

Hopefully one of the members knowledgeable in insurance will reply. I would think that if it is within the necessary time frame, you could disclaim this like any other inheritance. I’m not sure that will be possible — I can certainly bring it up, but I signed something to get the policy transferred...
by walkerbait
Wed Sep 27, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: I inherited a life insurance policy that is upside down?
Replies: 21
Views: 2967

I inherited a life insurance policy that is upside down?

I could use some help figuring this one out as I know next to nothing about whole life. This policy was purchased by my grandfather when I was young, and eventually it has been passed to me as the owner. Death value (at least initially): $100k Cash Value: $4798 Loan Amount: $8812 Death benefit: $93,...
by walkerbait
Tue May 02, 2017 11:02 am
Forum: Personal Investments
Topic: How does a non-tradable REIT affect RMD?
Replies: 7
Views: 1223

Re: How does a non-tradable REIT affect RMD?

From your description, you clearly have an inherited TIRA and inherited Roth IRA account. But a "brokerage account" could be an IRA or a taxable account since brokerage accounts are used in both types of accounts. If the REIT is in an IRA, the paperwork must clearly identify it is an IRA in the tit...
by walkerbait
Mon May 01, 2017 7:49 pm
Forum: Personal Investments
Topic: How does a non-tradable REIT affect RMD?
Replies: 7
Views: 1223

Re: How does a non-tradable REIT affect RMD?

Can I treat the account as its own and just not take an RMD on that account? For example, when I started I had: At Ameriprise: Inherited IRA Inherited Roth IRA Inherited brokerage with REIT (assuming as a traditional IRA fund) Now I have: Vanguard Inherited IRA Inherited Roth IRA Ameriprise Inherite...
by walkerbait
Mon May 01, 2017 7:07 pm
Forum: Personal Investments
Topic: How does a non-tradable REIT affect RMD?
Replies: 7
Views: 1223

How does a non-tradable REIT affect RMD?

Hello, I have inherited a couple of IRA accounts. One is a traditional, and one is a Roth. These were through Ameriprise. There is a separate account listed as a "brokerage" account, which transferred over as part of the IRA transfer to me as a beneficiary. The only thing in the brokerage account is...
by walkerbait
Tue Feb 07, 2017 8:15 pm
Forum: Personal Investments
Topic: Help critiquing my investment plan
Replies: 2
Views: 511

Help critiquing my investment plan

Looking for some feedback on my investment plan. A little while back I received what I consider to be a large inheritance. Most of it is not in a tax-advantaged account, but there are some IRAs involved as well. Here's my current situation: Roth IRAs (combined mine & spouse) TSP 401k from old employ...