Search found 253 matches

by sschoe2
Thu May 24, 2018 7:42 am
Forum: Personal Consumer Issues
Topic: Should I spend $1,500 on getting some rust repaired on a 15 year old Buick
Replies: 36
Views: 2419

Re: Should I spend $1,500 on getting some rust repaired on a 15 year old Buick

I'd just do what you can by yourself. It is a 15 year old car. There is more to car lifespan than miles. Parts still age sitting there, rubber and plastic deteriorates (body parts, seals, and gaskets), other parts rust, and most importantly safety feature are out of date. My mother's 1997 Pontiac Gr...
by sschoe2
Wed May 23, 2018 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: Switching jobs, what to do with 401k
Replies: 13
Views: 1167

Re: Switching jobs, what to do with 401k

Generally rolling it into an IRA is the best option. No fees and unlimited investments. The only advantages I could see in rolling it into your new 401k is fewer total accounts and the possibility your 401k has access to super low cost institutional shares of Vanguard funds or similar you could not ...
by sschoe2
Tue May 22, 2018 6:50 pm
Forum: Personal Consumer Issues
Topic: Old Hot Water Heater
Replies: 20
Views: 1207

Re: Old Hot Water Heater

Mine lasted 25 years. It rusted and bulged and started oozing a bit out the top but not a steady leak.
by sschoe2
Mon May 21, 2018 9:49 am
Forum: Investing - Theory, News & General
Topic: Don't leave your non-spouse heirs TIRAs with basis, unless you hate them!
Replies: 92
Views: 8369

Re: Don't leave your non-spouse heirs TIRAs with basis, unless you hate them!

I'm confused. I though tIRA's bases are irrelevant because both the principle and growth are equally taxed at full federal and in some cases state levels.
by sschoe2
Wed May 16, 2018 7:58 am
Forum: Personal Consumer Issues
Topic: Brake work estimate
Replies: 45
Views: 2866

Re: Brake work estimate

The only complication would be if you did replace the rotors on the rear which means it has rear disc brakes the rotor is also a drum for the hand brake so you will have to mess with that as well. However, on most vehicles I've seen the rears wear a lot more slowly than fronts so I doubt it is neces...
by sschoe2
Tue May 15, 2018 9:28 pm
Forum: Personal Consumer Issues
Topic: Brake work estimate
Replies: 45
Views: 2866

Re: Brake work estimate

I generally only do rotors every other pad change unless you let the pads go until the metal was scraping. I swapped out pads on my car for $30. I think the estimate is a bit high and rotors on the rear at 67k miles are not likely needed.
by sschoe2
Mon May 14, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 22692

Re: Lucrative careers?

I would encourage you to look into Clinical Laboratory Science, especially if you enjoy biology and the other sciences. It is a behind the scenes medical profession with little to no patient contact but pay mirrors that of RNs. I have been working as a Clinical Laboratory Scientist for about 2 year...
by sschoe2
Mon May 14, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 22692

Re: Lucrative careers?

People tell you to do what you love because you will be better at it and you’re interest will show to others. You can't just do what you love. A lot of misinformed kids majored in what they loved, got worthless esoteric liberal arts degrees, and ended up working low skill low pay jobs with a boatlo...
by sschoe2
Sat May 12, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 22692

Re: Lucrative careers?

I would not advise going into the sciences. The money is not there unless you go to healthcare professional school. Pharmaceuticals R&D is dead. Heck they don't even directly hire scientists and instead use staffing/contract agencies. Unemployment is high. Where did you hear biology jobs pay $60k I ...
by sschoe2
Wed May 09, 2018 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Bad(?) advice from employer retirement advisor [on per-year contribution limits]
Replies: 29
Views: 2016

Re: Bad(?) advice from employer retirement advisor [on per-year contribution limits]

I agree he is wrong. The maximum pretax/traditional is $18,500. So you can have a 18.5k traditional 401k and $5.5k Roth IRA but not a $5.5k traditional IRA. Is that guy credentialed as in he passed any financial series?
by sschoe2
Tue May 08, 2018 3:36 pm
Forum: Personal Consumer Issues
Topic: Spark Plugs only vs Tune Up?
Replies: 29
Views: 1921

Re: Spark Plugs only vs Tune Up?

I need to do the plugs on my 09 Fit. It is a bit of a pain. You have to take the wipers off, 3 plastic trim pieces along the windshield, and a metal shelf with the wiper motors, then the coil packs and finally the plugs. The plugs are on the back of the engine near the firewall. Fortunately it only ...
by sschoe2
Mon May 07, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 8057

Re: What career for smartest kid in the class?

We need more smart people in politics. I'm not so sure the problem is that there are a lack of smart people in politics so much that the people in politics are more interested in serving their own interests, are out of touch with the needs of most Americans, and our election system does not make it...
by sschoe2
Mon May 07, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 8057

Re: What career for smartest kid in the class?

1. Cancer research/immunotherapy. 6. Vaccine development (Zika, AIDS, etc.) 7. Antibiotics. Those are some areas where we need our smartest folks. The problem with R&D is it doesn't pay well, is very unstable, and our economy really doesn't have a good way to support it. Pharmaceuticals R&D has bee...
by sschoe2
Sat May 05, 2018 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Ed. Jones rep didn't like our plan, now we're locked out
Replies: 152
Views: 17852

Re: Ed. Jones rep didn't like our plan, now we're locked out

The only people I would would trust less than Edward Jones to manage my retirement account would be the Illinois Govt. Hopefully the transfer goes smoothly and you can have your parent's portfolio with a more trustworthy and less parasitic custodian.
by sschoe2
Thu May 03, 2018 8:14 am
Forum: Personal Consumer Issues
Topic: Medicare Phone Calls
Replies: 26
Views: 2220

Re: Medicare Phone Calls

The do not call list is still in effect. I assume these are legit US based companies doing this. Report them and possibly sue them if they call your cell phone or your land line if you have no established business relationship.
by sschoe2
Thu May 03, 2018 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 6308

Re: Pay $2500 in rent or continue living at home

I lived with my mom until she passed away earlier this year. I am 37. She needed my help doing errands and house chores due to mobility issues and I, in turn was able to help her out and save a ton of money. It worked out well for both of us.
by sschoe2
Thu May 03, 2018 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Are Vanguard funds really any better than Schwab funds?
Replies: 28
Views: 2968

Re: Are Vanguard funds really any better than Schwab funds?

The only difference I've heard about is tax efficiency. I read somewhere that Schwab has more turnover in their total stock market fund than Vanguard so Vanguard's is more tax efficient.
by sschoe2
Mon Apr 30, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: When to buy a new car (need to find a Boglehead way)
Replies: 34
Views: 2690

Re: When to buy a new car (need to find a Boglehead way)

It depends on your taste. I don't mind driving a 10 year old Honda Fit that is a bit beat up. Other people are more sensitive and need a semi to full luxury car full of bling. To answer the question I'd drive it until it no longer becomes reliable or cost efficient to keep and maintain meaning it is...
by sschoe2
Wed Apr 25, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum inherited IRA make estimate tax payment?
Replies: 9
Views: 595

Re: Lump sum inherited IRA make estimate tax payment?

Can you set this up in your name as a "beneficiary IRA"? If so you need only pay tax on the small amount you're required to take out each year based on your life expectancy. This spreads the tax hit out over many years so it's not as painful and the account can really grow into a nice nest egg--tax...
by sschoe2
Wed Apr 25, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum inherited IRA make estimate tax payment?
Replies: 9
Views: 595

Re: Lump sum inherited IRA make estimate tax payment?

Yes I am familiar way back when I had a crappy fly by night contract agency try to claim I was a 1099 Chemist and I had to file quarterly estimated taxes using EFTPS. I just printed out the receipts and kept them for tax time. I also filed ss-8 and the IRS (after taking 3 years and by that time I wa...
by sschoe2
Wed Apr 25, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum inherited IRA make estimate tax payment?
Replies: 9
Views: 595

Re: Lump sum inherited IRA make estimate tax payment?

Do you have an estimate of what your taxes will be with and without the $14770? If so, an estimated tax payment of the difference would be a reasonable thing to do. I usually end up getting a small refund. Most of my income is from my job ~$86k and they withold for taxes. I contribute $18500 to my ...
by sschoe2
Wed Apr 25, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Lump sum inherited IRA make estimate tax payment?
Replies: 9
Views: 595

Lump sum inherited IRA make estimate tax payment?

So I just received a lump sum of $14770 from my deceased mom's IRA. Do I need to make a 22% $3250 estimated tax payment via EFTPS or should I just set aside the money for when I do taxes next year. I am not sure if it will generate a penalty if I do that.
by sschoe2
Wed Apr 25, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: How long have you been unemployed?
Replies: 60
Views: 5525

Re: How long have you been unemployed?

Got my MSc in Chemistry in 2008 with a lot of research experience -Unemployed 8 month with nothing but insulting $15 an hour no benefits offers for contract. Refused to take it and contemplated returning to college for a totally different profession like accounting -Finally moved 800 miles to an iso...
by sschoe2
Wed Apr 25, 2018 7:16 am
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 73
Views: 5292

Re: [Vanguard account locked out due to deceased owner]

Not legally proper but assuming you and the other beneficiaries and members of the family are on the same page the easiest and least aggravating way to do it. I learned to be careful who and when to inform when my mom passed as it can create a roadblock and nightmare of bureaucratic paperwork and pr...
by sschoe2
Tue Apr 24, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: Have 2 cars keep both?
Replies: 8
Views: 485

Re: Have 2 cars keep both?

JohnFiscal wrote:
Tue Apr 24, 2018 10:22 am
Having two vehicles (assuming you are single) would be a pain. twice the costs for insurance and registration. one would sit idle and then the battery and tires go down, so it'd be a nuisance when you wanted to drive it. etc. just problems.
I drive the Elantra to work once a week for that reason.
by sschoe2
Tue Apr 24, 2018 10:18 am
Forum: Personal Consumer Issues
Topic: Have 2 cars keep both?
Replies: 8
Views: 485

Have 2 cars keep both?

So after my mother died I inherited her car. I am wondering if I should just keep it because my current car is getting up there in miles and years. My primary commuter car is a 2009 Honda Fit base. It has 104k miles on it and is a bit beat up cosmetically but otherwise in pretty good shape. I think ...
by sschoe2
Thu Apr 19, 2018 8:29 am
Forum: Personal Consumer Issues
Topic: 2018 Honda Fit EX
Replies: 33
Views: 2559

Re: 2018 Honda Fit EX

I drive a 2009 Fit base overall very satisfied. Pros: Gas efficient very reliable affordable drives pretty peppy good ergonomics Cons A/C is crap. Spent 1k replacing POS compressor. Dents easily, paint delicate, internal plastic parts cheap and break. Many complaints about the uncomfortable chairs o...
by sschoe2
Mon Apr 16, 2018 8:18 am
Forum: Investing - Help with Personal Investments
Topic: What advantages do a personalized portfolio have over a target date fund, in your opinion?
Replies: 50
Views: 3598

Re: What advantages do a personalized portfolio have over a target date fund, in your opinion?

Vanguard's target date funds are a bit more heavy in total international than I prefer. They have 40% of stocks in total international I prefer 20% so I adjust it with my Roth IRA having 100% VTI. I have my 401k with Wellsfargo and the Vanguard target date funds are the best option available there.
by sschoe2
Fri Apr 13, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 106
Views: 12509

Re: Is it still worth buying a house in a state with insane property taxes

I know exactly where the money is going. To support the bloated salaries and insane pensions and benefits of govt union workers and the thousands of redundant and inefficient governing bodies in this state. Needless to say, I don't think for a second I am getting my money's worth propping up this co...
by sschoe2
Fri Apr 13, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 106
Views: 12509

Re: Is it still worth buying a house in a state with insane property taxes

I generally couldn't buy a house as small as the apartment I would rent unless I went with a condo which I won't do. I don't trust associations.
by sschoe2
Fri Apr 13, 2018 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 106
Views: 12509

Re: Is it still worth buying a house in a state with insane property taxes

Since I started this thread a year ago my mom passed away at the end of January. I own 1/3 of the house and we plan to sell it this fall though it may take a while to sell given the condition of the interior (needs a lot of work and reno). I am still deeply conflicted but will have to make a decisio...
by sschoe2
Wed Apr 11, 2018 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Any aggressive index funds in your portfolio?
Replies: 35
Views: 3438

Re: Any aggressive index funds in your portfolio?

I tilt the taxable with 20% VTMSX Vanguard tax managed small cap.
by sschoe2
Sat Apr 07, 2018 2:33 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 12170

Re: What is your AA, given your age? and, Why?

Age 37:
80% stock (20% international)
14% bonds
6% miscellaneous
by sschoe2
Fri Apr 06, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Your Monthly Cost of Living
Replies: 66
Views: 7058

Re: Your Monthly Cost of Living

I am in a state of flux since my mom passed and I am living and paying for the house alone. Mortgage: $1250 (goes up or down as much as $200 based on property tax escrow which is more than half of the mortgage) Home warranty $53 insurance (car+home) $195 electric: $90 Nat gas: $57 cable internet: $6...
by sschoe2
Tue Apr 03, 2018 9:41 am
Forum: Personal Consumer Issues
Topic: Microsoft tech support scam - how to recover?
Replies: 39
Views: 4400

Re: Microsoft tech support scam - how to recover?

My elderly mother almost gave them money but did give them remote access. I spent the evening wiping her hard drive (again) and put Linux Mint on her computer instead with no root access. She had an uncanny ability to mess up her computer. That fixed the issues. All she needed (and was able to under...
by sschoe2
Sat Mar 31, 2018 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Customer Service with Vanguard
Replies: 50
Views: 4800

Re: Customer Service with Vanguard

I have a roth and taxable with Vanguard but have had little to no contact with their customer service so I can't comment. I am a pretty low maintenance customer. I will be moving an inherited IRA to Vanguard soon so I will need their help with that.
by sschoe2
Sat Mar 31, 2018 4:11 pm
Forum: Personal Consumer Issues
Topic: Tired of gas grills rusting out...
Replies: 54
Views: 4308

Re: Tired of gas grills rusting out...

I had a Charbroil that lasted 2 miserable years of constantly busting and rusting parts including the whole grill box. Charbroil customer service was pretty good about replacing the parts under their warranty but it was a losing battle. After 2 years and the warranty was over I wheeled it to the cur...
by sschoe2
Tue Mar 20, 2018 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Worthless Securities - how to close my account?
Replies: 2
Views: 397

Re: Worthless Securities - how to close my account?

Hmm I just closed my mother's taxable and she had General Motors Liquidation Company from some GM bonds that went defunct in 2008. The broker just sold it for $1.
by sschoe2
Mon Mar 19, 2018 7:45 am
Forum: Personal Consumer Issues
Topic: What kind of bike do I need and how much should I spend?
Replies: 44
Views: 2895

Re: What kind of bike do I need and how much should I spend?

I recently lost 75 pounds and for the first time in a while I'm thinking about purchasing a bike to do some bike riding in the warmer months. Any suggestions on what I should get and is buying used worth it in the long run? Thanks Most people eventually get a road bike if they get serious and into ...
by sschoe2
Sun Mar 18, 2018 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Rolling over deceased mom's accounts
Replies: 37
Views: 2890

Re: Rolling over deceased mom's accounts

Just sold the taxable. The guy charged $2279 or 3.1% to liquidate. Naturally he didn't disclose that ahead of time.
by sschoe2
Fri Mar 16, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 31304

Re: Those with high savings rate: why?

I am very insecure regarding my ability to earn a living. I am a chemist and though I have a good job now that is pretty secure if I ever lost it I'd be up a smelly creek. Most companies don't even want to hire chemists and use staffing/contract agencies and I frequently have to tell recruiters to b...
by sschoe2
Tue Mar 13, 2018 8:07 am
Forum: Investing - Help with Personal Investments
Topic: Investor vs Admiral Shares
Replies: 14
Views: 1791

Re: Investor vs Admiral Shares

Is there any reason to buy investor shares when the ETF has the same expense ratio as the Admiral plus no minimum other than the price of a whole share?
by sschoe2
Fri Mar 09, 2018 3:01 pm
Forum: Personal Consumer Issues
Topic: What do you pay for your phone/cable/internet? REAL total with tax?
Replies: 48
Views: 2841

Re: What do you pay for your phone/cable/internet? REAL total with tax?

Internet Xfinity 25 $50+$11 rental=$61 I am looking into buying a modem but all the DOCSIS 3.1's are >$150 and the 3.0's are likely to be EOL'd soon. Xfininty is already pushing people with 3.0's to upgrade. Cell $40 TV free over the air. I get 60 channels in Chicago near north suburbs and everythin...
by sschoe2
Fri Mar 09, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: Getting Rid of Comcast Modem
Replies: 35
Views: 3485

Re: Getting Rid of Comcast Modem

I just thought I should post that I have been researching this and most of the affordable modems out there are DOCSIS 3.0. Comcast and most other providers are in the process of upgrading to DOCSIS 3.1 which is faster and are asking and they will eventually force people with DOCSIS 3.0 modems to dit...
by sschoe2
Mon Mar 05, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Should I agree to have my driving monitored in exchange for lower rates?
Replies: 65
Views: 5119

Re: Should I agree to have my driving monitored in exchange for lower rates?

I just switched to Allstate. They give me a 5% discount for using it. It could be more but the app doesn't like my braking. It faults you for braking heavily I think >=10mph/sec. My FIt has powerful brakes and I usually do have to brake fairly hard now and then to avoid accidents. It also monitors n...
by sschoe2
Tue Feb 27, 2018 3:18 pm
Forum: Personal Consumer Issues
Topic: Dealership oil change worth it?
Replies: 69
Views: 5198

Re: Dealership oil change worth it?

The hard part isn't doing the oil change it is in jacking up the car and properly securing it on the stands. I did several transmission fluid changes on my Honda Fit. Getting the jack to the front center safe jack point is tricky. You have to turn the wheels all the way in one direction then slide t...
by sschoe2
Tue Feb 27, 2018 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Rolling over deceased mom's accounts
Replies: 37
Views: 2890

Re: Rolling over deceased mom's accounts

- The small estate affidavit in Illinois is not allowed for estates that include real estate. Even though the house belongs to the trust, you are asking the custodian to pay off the mortgage with the money. Why would they pay off the mortgage through this process if there was no real estate in the ...
by sschoe2
Tue Feb 27, 2018 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Rolling over deceased mom's accounts
Replies: 37
Views: 2890

Re: Rolling over deceased mom's accounts

The house will not sell tomorrow unless we take the first low-ball offer from the vulture investors that scan the obituaries. At the very least It needs a lot more decluttering. I just finished with the clothes and some of the junk. I haven't figured out what to do with her hoard of cheap $10-50 jew...
by sschoe2
Mon Feb 26, 2018 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over deceased mom's accounts
Replies: 37
Views: 2890

Re: Rolling over deceased mom's accounts

The broker has accepted the SEA. The house and IRA are not a part of the probatable assets. He is just setting up the accounts and such. I received the paperwork Friday and sent it back electronically today. Mail service was slow. I am the custodian affiant. The form states flat out what are the deb...