Search found 109 matches

by nick evets
Fri Feb 16, 2018 6:21 pm
Forum: Personal Consumer Issues
Topic: USAA 41% More For Car Insurance
Replies: 43
Views: 2518

Re: USAA 41% More For Car Insurance

This thread prompted me to go get a quote from GEICO. Once I adjusted the coverage to match what I have now, the rates were basically identical. Yup -- I've been a long time USAA member, with an immaculate driving record, and my wife is a Federal employee, also w/a clean record. We have 3 vehicles,...
by nick evets
Thu Jan 25, 2018 11:31 am
Forum: Investing - Theory, News & General
Topic: In what ways could BogleHeads be badly wrong ?
Replies: 237
Views: 20630

Re: In what ways could BogleHeads be badly wrong ?

There seems to be a clear bias against owning/picking individual stocks. Certainly, I understand the aversion and the philosophy in general, and would NOT risk my retirement savings, etc., but I also believe it's not necessarily stupid to make an intelligent and well-reasoned investment in a single ...
by nick evets
Thu Jan 18, 2018 9:44 am
Forum: Personal Consumer Issues
Topic: How do you adjust side mirrors in a car?
Replies: 61
Views: 3679

Re: How do you adjust side mirrors in a car?

I 'tune' them so that when a car disappears out of the rear-view mirror, it appears in the side mirror, then when it disappears from the side mirror, it should appear in my peripheral vision. This typically involves having them at, or almost at, the limit. A cautionary tale -- after you gain confide...
by nick evets
Tue Jan 16, 2018 10:34 am
Forum: Personal Consumer Issues
Topic: Selling one owner car. Give new owner service records?
Replies: 15
Views: 1259

Re: Selling one owner car. Give new owner service records?

In another life, when I sold cars, I remember being really impressed by one owner who had all of his service records for his trade-in in plastic sheet protectors in a 3-ring binder. I've done that since, in my own vehicles -- costs a couple bucks for the protectors, you probably already have a 3-rin...
by nick evets
Mon Jan 15, 2018 8:42 am
Forum: Personal Consumer Issues
Topic: What is the best home exercise equipment?
Replies: 151
Views: 13906

Re: What is the best home exercise equipment?

Never buy any budget or even mid-range treadmills, rowers, spin bikes or ellipticals, especially not if you are over 200 lbs. Concept 2 is the only game in town for rowers. Premium treadmills or ellipticals from Cybex or Precor are generally only meant for commercial gyms, but anything else is usel...
by nick evets
Fri Jan 12, 2018 2:30 pm
Forum: Personal Consumer Issues
Topic: Keeping sensitive documents in the cloud -- bad idea?
Replies: 46
Views: 2804

Re: Keeping sensitive documents in the cloud -- bad idea?

Cloud is basically keeping your data on somebody else's machine(s). Why do you need to worry so much, waste time in encryption, upload,sync - constantly sync with changing formats and platforms - use paid services for these is beyond me. For me, life is more enjoyable with no clutter. If it matters...
by nick evets
Fri Jan 12, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: Keeping sensitive documents in the cloud -- bad idea?
Replies: 46
Views: 2804

Re: Keeping sensitive documents in the cloud -- bad idea?

As with anything it's all about risk and tolerance. If your house gets broken into, will they take your computer(s)? If your house burns down/floods, will your computer and (presumably) local backup get damaged? Could that cheap, Chinese webcam/wifi extender/etc. you've added to your home network be...
by nick evets
Fri Jan 12, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Underwater 4-5k in vehicle.
Replies: 29
Views: 1787

Re: Underwater 4-5k in vehicle.

I'm guessing that you have a relatively new and expensive vehicle, and of course don't have the title. craigslist will devour a cheap import, but for a car that will require (most) buyers to finance, and involve the added complication of an additional lien holder and a private sale, I'm not surprise...
by nick evets
Wed Jan 10, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Bequest to Charity -- would they assist with settlement?
Replies: 6
Views: 325

Re: Bequest to Charity -- would they assist with settlement?

Hmm...thanks, some great feedback. I think our affairs will be much more simple in the future when we're retired, don't have multiple residences/mortgages, etc.., and am mainly thinking about the 'hit by a bus' scenario, and wanted to get will and some health care directives, etc. done now (and down...
by nick evets
Wed Jan 10, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Bequest to Charity -- would they assist with settlement?
Replies: 6
Views: 325

Bequest to Charity -- would they assist with settlement?

My wife and I are (finally) getting around to our wills. We have no children, and plan on leaving some relatives a modest sum each then the remainder of our estate to several charities of our choice. Depending on when we die the charitable bequests may be a significantly larger sum of money, than wh...
by nick evets
Tue Jan 09, 2018 2:47 pm
Forum: Personal Consumer Issues
Topic: cost analysis on buying vs. renting skis?
Replies: 12
Views: 641

Re: cost analysis on buying vs. renting skis?

Are you renting them and turning them back in every day on the trip or renting them once for the whole trip? You can buy used skis or wait until late season to buy them on sale for pretty cheap too. I'm renting the day I arrive, typically, and returning when I leave. It's about $100 with taxes -- h...
by nick evets
Tue Jan 09, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17803

Re: Buying Real Silver and Gold (Not Bitcoin)

Anyone remember the book, Papillon? (Subsequently a movie with Steve McQueen).
by nick evets
Tue Jan 09, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: cost analysis on buying vs. renting skis?
Replies: 12
Views: 641

cost analysis on buying vs. renting skis?

Lately I've been taking one ski vacation a year, and renting. Recently I bought a pair of boots, as my feet are wide and rentals simply don't fit properly. This leaves me still needing to rent skis/poles/helmet (maybe $30/day?) vs. buying -- say $500 -- and having luggage costs, since I'm flying. It...
by nick evets
Mon Jan 08, 2018 4:02 pm
Forum: Personal Consumer Issues
Topic: When to drop comprehensive auto coverage?
Replies: 25
Views: 2558

Re: When to drop comprehensive auto coverage?

Wait a minute -- if you have a loan on the car, it's not your car.

And assuredly the lender insists on mandatory insurance coverage, so it's not up to you.
by nick evets
Mon Jan 08, 2018 10:01 am
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 8985

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

I agree that it is difficult to draw a line. Some of the threads that supposedly ask for advice can also be intimidating to others - e.g. "I have Flagship status at Vanguard", Where do I invest five million?" I agree with that. I think a fair percentage of posts are simply leveraging the subject ma...
by nick evets
Fri Jan 05, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: [How to determine budget for toys/luxuries?]
Replies: 41
Views: 2786

Re: [How to determine budget for toys/luxuries?]

WildBill wrote:
Wed Jan 03, 2018 11:25 pm
Howdy

You can buy any toy you want, but you gotta, repeat gotta, pay cash. No financing.

W B
I really like that. So simple, and so true.
by nick evets
Fri Jan 05, 2018 10:54 am
Forum: Personal Consumer Issues
Topic: Buying a car? [Need help with strategy for purchasing a used car]
Replies: 40
Views: 4339

Re: Buying a car?

IMO: First Choice: private individual -- *not* craigslist, but ask around at work. Do you have a neighborhood or community mailing list? Post a "wtb" there. The idea is, you're gambling a sense of personal/professional connection will reduce the chances of a really malevolent transaction, and buying...
by nick evets
Tue Jan 02, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17803

Re: Buying Real Silver and Gold (Not Bitcoin)

A It turns out he had found a new job and had to move across the country. He would not be driving, but flying. He just had too much weight in Silver to even think of carrying it on an airplane, and I guess he didn't want to risk shipping that much Silver in a Moving Van. So he reduced the space and...
by nick evets
Tue Jan 02, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: nightmare cost basis -- ATT now Verizon/Comcast
Replies: 9
Views: 785

Re: nightmare cost basis -- ATT now Verizon/Comcast

I think if you want to dodge the basis issue you set the basis to zero, not $1/share. In other words you take the gross as the gain. It is likely you won't save enough in taxes to get the right basis on those gross amounts to go to the trouble. On the other hand ATT was selling at about $5 a share ...
by nick evets
Tue Jan 02, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: nightmare cost basis -- ATT now Verizon/Comcast
Replies: 9
Views: 785

Re: nightmare cost basis -- ATT now Verizon/Comcast

Maybe. Aren't there entire web sites to help shareholders solve this exact problem? There are -- and Verizon and Comcast both have worksheets for calculating cost basis of Bell Atlantic, but they still require starting with the original cost basis, which we don't know. Despite my wife being almost ...
by nick evets
Tue Jan 02, 2018 9:58 am
Forum: Investing - Help with Personal Investments
Topic: nightmare cost basis -- ATT now Verizon/Comcast
Replies: 9
Views: 785

nightmare cost basis -- ATT now Verizon/Comcast

My wife was given some shares of ATT back in the early 80's, and they've somehow become Verizon and Comcast. She sold the Comcast last year, for around $4k and this year wants to sell VZ -- also worth about 4k. I started trying to calculate the cost basis, and it's ridiculously opaque and complex wi...
by nick evets
Sun Dec 31, 2017 1:12 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 115
Views: 9544

Re: Best 401k Employer Match Structure

MrPotatoHead wrote:
Thu Dec 21, 2017 9:53 pm

IBM's 401K also does not give an employee any match AT ALL unless they are still employed on Dec 15th. So if IBM terminated you Dec 14th you get nothing for the entire year. That has generated much ill will.
And it doesn't help with dollar cost averaging, I'd imagine?
by nick evets
Wed Dec 27, 2017 1:38 pm
Forum: Personal Consumer Issues
Topic: The car dealership model needs to die
Replies: 85
Views: 4694

Re: The car dealership model needs to die

If you are prepared to walk, it seems like a viable strategy. I've never tried it myself. I've walked many times over negotiations with car dealers. I don't think I have ever made it home before getting a phone call with a cheaper price. Most of the time, I don't even make it out the door before th...
by nick evets
Wed Dec 27, 2017 12:08 pm
Forum: Personal Consumer Issues
Topic: The car dealership model needs to die
Replies: 85
Views: 4694

Re: The car dealership model needs to die

realize the dealership has nothing to gain, but everything to lose, by giving you a "best price*" over the phone, or by email, because you'll just use that as leverage elsewhere. It's not clear to me how this is different from literally every other business that is able just advertise their best pr...
by nick evets
Wed Dec 27, 2017 11:34 am
Forum: Personal Consumer Issues
Topic: The car dealership model needs to die
Replies: 85
Views: 4694

Re: The car dealership model needs to die

Getting back to the OP -- if one or both of the dealers had given you a price, in fact...Would you know a good price if you heard it? Yes, if the dealers had gotten back to me with their advertised prices plus taxes and reasonable fees (??), the prices would have been good (low side of what one mig...
by nick evets
Wed Dec 27, 2017 11:00 am
Forum: Personal Consumer Issues
Topic: The car dealership model needs to die
Replies: 85
Views: 4694

Re: The car dealership model needs to die

The bottom line is that your archetype is a very unprofitable customer. [....] About the best thing you can do is to use a new car price service. They often have very little in the way of high pressure sales. You still have to go in, take the spin around the block, and finalize the deal. It sucks, ...
by nick evets
Wed Dec 27, 2017 9:43 am
Forum: Personal Consumer Issues
Topic: The car dealership model needs to die
Replies: 85
Views: 4694

Re: The car dealership model needs to die

In another life, I worked in sales at a BMW/Subaru dealership....I understand your frustrations, but realize the dealership has nothing to gain, but everything to lose, by giving you a "best price*" over the phone, or by email, because you'll just use that as leverage elsewhere. By getting you in th...
by nick evets
Sat Dec 23, 2017 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 21411

Re: Do you see a meaningful change in your income with new Tax Bill?

I guess my wife and I are one of the middle-class fringe cases that won't get a Christmas present: we typically itemize and have ~38k of deductions. mortage: 20k SALT: 15k charity/misc: 3k I suppose the change in marginal rate to 24% from 25% will help a little bit. For most people who live in high...
by nick evets
Sat Dec 23, 2017 12:36 pm
Forum: Investing - Theory, News & General
Topic: Quite a few people I know in real life that normally don't mess with finances have brought up investing in bitcoin
Replies: 74
Views: 7025

Re: Quite a few people I know in real life that normally don't mess with finances have brought up investing in bitcoin

"Never invest in a business you cannot understand." Warren Buffett I'm too stupid for blockchain stuff. Barely understanding index funds. But I like knowing I own parts of 9,891 companies here & abroad. I was off work yesterday, and spent a good chunk of the morning investigating how I could buy (a...
by nick evets
Sat Dec 23, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 21411

Re: Do you see a meaningful change in your income with new Tax Bill?

I guess my wife and I are one of the middle-class fringe cases that won't get a Christmas present: we typically itemize and have ~38k of deductions.
mortage: 20k
SALT: 15k
charity/misc: 3k

I suppose the change in marginal rate to 24% from 25% will help a little bit.
by nick evets
Thu Dec 21, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Opinion - would you pay annual CC fee if issuer helped you?
Replies: 4
Views: 415

Re: Opinion - would you pay annual CC fee if issuer helped you?

It isn’t uncommon that a cc will waive fees if it is the first time or a rare occurance. Whether you pay the fee or not depends on whether the card adds value. I’m not sure I’d pay a fee as a reward for a CS rep who treated you well. It doesn’t hurt to ask the fee to be waived. With Barclays i down...
by nick evets
Thu Dec 21, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Opinion - would you pay annual CC fee if issuer helped you?
Replies: 4
Views: 415

Opinion - would you pay annual CC fee if issuer helped you?

So. I don't believe in paying annual credit card fees, and haven't had to yet, though it requires a polite call and occasionally a conversation with a supervisor. But recently I did something stupid: attached to my credit card statement are checks. Well, technically they're balance transfer checks. ...
by nick evets
Thu Dec 21, 2017 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: renting apartment vs Purchasing apartment
Replies: 10
Views: 572

Re: renting apartment vs Purchasing apartment

Without knowing your location, it's hard to know if buying vs. renting makes sense. $800/mo....you're looking at a 2br/2ba apt. that's only $170k? And you're able to purchase with only $5k down? The lender should provide a good faith estimate of closing costs. And as others have said, if you purchas...
by nick evets
Mon Dec 18, 2017 11:09 am
Forum: Personal Consumer Issues
Topic: Spending on myself, am I off base here?
Replies: 104
Views: 5898

Re: Spending on myself, am I off base here?

Is part of your wife's issue with the machine where you keep it and how it looks? Just some thoughts. That's an excellent question -- is *what* the present-to-yourself is, significant? Or is it strictly the notion of spending a significant amount of money on yourself? It's unfortunate: your partner...
by nick evets
Sat Dec 16, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Why am I still scared ? Is it actually normal ?
Replies: 81
Views: 13603

Re: Why am I still scared ? Is it actually normal ?

Welcome to the club! I absolutely know how it feels despite having reached the critical mass stage a few years back— I still get paranoid. What helps me is volunteering with low income people and listening to people’s financial struggles; they have very little and yet, they seem to get by. Meditati...
by nick evets
Fri Dec 15, 2017 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: any sense in purchasing an annuity before retirement?
Replies: 35
Views: 2278

Re: any sense in purchasing an annuity before retirement?

So at 57, you have a quote for $2372 a month or $28464 a year. From a $500,000 payment, that's 5.7% withdrawal rate for life. Of course, for the first 18 years or so, they are just giving you back your own money. If you both die before those 18 years are up (age 75), you didn't make a cent. But tha...
by nick evets
Fri Dec 15, 2017 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Ameriprise :(
Replies: 37
Views: 4592

Re: Ameriprise :(

I have read where non-traded REITs have made money for clients but it seems more often than not that these are money losers. It is hard to know if you are getting a good deal or not and there is a big commission built into the price. I suppose the people who formed the REIT get their cut too. It wo...
by nick evets
Fri Dec 15, 2017 9:51 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17803

Re: Buying Real Silver and Gold (Not Bitcoin)

Why do so few mention the (up to) 28% capital gain tax rate with precious metals? Presumably, this is the advantage in coins, so they can be traded and sold at fairground 'coin shows,' craigslist and the like, without reporting? The ethics aside, I'm guessing there's a moderate criminal risk, and ha...
by nick evets
Fri Dec 15, 2017 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Ameriprise :(
Replies: 37
Views: 4592

Re: Ameriprise :(

The original poster can transfer most things to Vanguard but he is stuck with the illiquid non-traded REITs. Those things are sort of like a Roach Motel, easy to get into and almost impossible to get out of. He will have a relationship with the advisor until the REIT sponsors offer to buy him out o...
by nick evets
Fri Dec 15, 2017 8:23 am
Forum: Investing - Help with Personal Investments
Topic: any sense in purchasing an annuity before retirement?
Replies: 35
Views: 2278

Re: any sense in purchasing an annuity before retirement?

Are you maximizing SS payments by delaying before considering the need/benefit of the SPIA? Have you looked closely at the relationships of these choices vs the after tax results when you are receiving them? We are planning to delay SS until age 70; no I haven't yet considered the tax implications....
by nick evets
Thu Dec 14, 2017 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: any sense in purchasing an annuity before retirement?
Replies: 35
Views: 2278

Re: any sense in purchasing an annuity before retirement?

If your SPIA offers a an effect safe 5% (inflation adjusted) return based on your initial surrender of capital, then it seems like a good deal, compared to a potentially risky 4% return from a stock/bond portfolio. For some people, being able to sleep at night is part of the benefit of an investmen...
by nick evets
Thu Dec 14, 2017 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: any sense in purchasing an annuity before retirement?
Replies: 35
Views: 2278

Re: any sense in purchasing an annuity before retirement?

If you're OK with earning a low rate of return over the next five years then go with the SPIA. But . . . don't be jealous when you're neighbor invested that $500k in the stock market (either directly or with a variable annuity) for five years, which turned out to be booming, and retired with twice ...
by nick evets
Thu Dec 14, 2017 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: any sense in purchasing an annuity before retirement?
Replies: 35
Views: 2278

Re: any sense in purchasing an annuity before retirement?

Hmm...I've categorically heard, "avoid variable annuities," so I don't think I want to lean in that direction. I'm not sure, either, I understand mortality credits -- have to research that. Anyway, below is what inspired my question: Suppose, for the sake of a nice round number $1,000,000. If I put ...
by nick evets
Thu Dec 14, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: any sense in purchasing an annuity before retirement?
Replies: 35
Views: 2278

any sense in purchasing an annuity before retirement?

Neither my wife nor I have children thus no desire to leave an estate, nor a pension, so in retirement (~5 years off), a SPIA seems attractive -- at least for some portion of our income requirements. I realize the "I" in SPIA is for 'I'mmediate, but a couple annuity calculators I've found offer the ...
by nick evets
Thu Nov 30, 2017 12:53 pm
Forum: Investing - Theory, News & General
Topic: if IRA 100% invested..where is cash for buying opporunities?
Replies: 13
Views: 899

Re: if IRA 100% invested..where is cash for buying opporunities?

Most recommend a rules-based rebalancing strategy, rather than a scheduled one. 5% is a common one and should keep you from doing it too frequently. During accumulation though you should be regularly purchasing the lower asset, to reduce the need to sell (and take a tax or spread hit) to maintain b...
by nick evets
Thu Nov 30, 2017 11:55 am
Forum: Investing - Theory, News & General
Topic: if IRA 100% invested..where is cash for buying opporunities?
Replies: 13
Views: 899

Re: if IRA 100% invested..where is cash for buying opporunities?

@thriftyphd -- awesome example, many thanks for taking the time!
by nick evets
Thu Nov 30, 2017 11:42 am
Forum: Investing - Theory, News & General
Topic: if IRA 100% invested..where is cash for buying opporunities?
Replies: 13
Views: 899

Re: if IRA 100% invested..where is cash for buying opporunities?

Of course. :oops:

So if our retirement AA is 50/50, we'd re-balance annually (or whenever) and automatically be "buying"..... Sorry. Not enough coffee.
by nick evets
Thu Nov 30, 2017 11:17 am
Forum: Investing - Theory, News & General
Topic: if IRA 100% invested..where is cash for buying opporunities?
Replies: 13
Views: 899

if IRA 100% invested..where is cash for buying opporunities?

All - please accept my apologies for a very silly question, because I'm probably missing a fundamental understanding. So, probably like other members here, wife and I are in mid 50's and our savings are allocated, let's say 40% bonds/60% various stock funds. Except for a small amount of emergency sa...
by nick evets
Tue Oct 31, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: So I did this...Capital One Money Market $200 bonus
Replies: 21
Views: 2880

Re: So I did this...Capital One Money Market $200 bonus

I am already a Cap 1 customer, so it took all of 5 minutes to apply, and another 5 minutes to verify. I got the bonus in a few business days after verifying. A few months ago, there was a big Capital One 360 Money Market push with a $200 or $300 bonus; I forget which. We had the regular Capital One...
by nick evets
Fri Aug 04, 2017 11:47 am
Forum: Personal Consumer Issues
Topic: Garage ceiling bike storage
Replies: 21
Views: 1601

Re: Garage ceiling bike storage

Big fan of simple hooks in a stud. Our ceiling is pretty high, but not so much I can't get the rim over the hook.

Your bike is 30lbs? Yikes: save money by buying a pair of hooks @$1.29, and put it towards a nicer, lighter bike. :)