Search found 79 matches

by MrJones
Sat Dec 16, 2017 2:55 am
Forum: Personal Consumer Issues
Topic: costco auto insurance
Replies: 20
Views: 10208

Re: costco auto insurance

westrichj312 wrote:
Fri Dec 15, 2017 9:01 am
If you are a good driver nobody beats Geico.
Costco and AAA both beat Geico for me, so I switched. From Geico to Costco.

Auto insurance is never quite that simple. Always shop around.
by MrJones
Wed Dec 13, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: To buy or not in the SF Bay Area (yes another one)
Replies: 24
Views: 2302

Re: To buy or not in the SF Bay Area (yes another one)

I can empathize. I'm guessing the the siren call comes from (perceived?) upside risk (OP?). Friends who bought even 2-3 years ago for less than $1M seemingly have $100k increases on their property value every year. Most of this comes because of the leverage provided by the mortgage, which renting+in...
by MrJones
Wed Dec 13, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: ESPP: max out early in the year?
Replies: 4
Views: 470

Re: ESPP: max out early in the year?

At my company it's the luck of the draw. You want to get 25k in in there, but it depends on during which period the stock has a better positive movement. That's the period you wanted to max out in. Impossible to know. For the case where you have a look back feature, and if you always sell at a fixe...
by MrJones
Wed Dec 13, 2017 12:05 am
Forum: Investing - Help with Personal Investments
Topic: ESPP: max out early in the year?
Replies: 4
Views: 470

ESPP: max out early in the year?

I have an ESPP which has two purchase periods a year. I want to contribute the IRS annual maximum of $25k worth. Given that, should I max contributions early in the year so I use up that maximum in the first purchase of the year or is there an advantage to spreading it out through the year?
by MrJones
Mon Dec 11, 2017 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: Stupid question about VTSAX
Replies: 6
Views: 1123

Re: Stupid question about VTSAX

It's not quite either. From https://www.investor.gov/investing-basics/investment-products/mutual-funds A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt. Investors buy shares in mutual funds. Each share repr...
by MrJones
Mon Dec 11, 2017 11:51 am
Forum: Investing - Theory, News & General
Topic: Vanguard Security Keys
Replies: 53
Views: 4178

Re: Vanguard Security Keys

Just enabling security keys isn't enough, you need to change your behavior as well. If your personal rule is that you always log in with your security key, then if an attacker tries to phish security codes, that is a signal to you that something is not right, because you always expect to use the ke...
by MrJones
Mon Dec 11, 2017 4:05 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity charges to close accounts!
Replies: 54
Views: 19967

Re: Fidelity charges to close accounts!

IMO, those who leave a dollar or similar to “show them” are spiteful and childish. Moreover it has no material impact. Huh? Why is it not savvy rather than spiteful? The material impact is objectively $50. I'm not the poster who said that, but I don't find it savvy to keep a $1 in an account to out...
by MrJones
Mon Dec 11, 2017 3:55 am
Forum: Personal Finance (Not Investing)
Topic: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity
Replies: 32
Views: 3640

Re: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity

Definitely do it! I did it in my twenties when I barely had 1x expenses saved, and only regret that I didn't do more of these. The year off I took opened up my thinking so much.

You're in much better shape. You will definitely look back and thank your good senses for having taken the break.
by MrJones
Fri Dec 08, 2017 3:59 am
Forum: Personal Finance (Not Investing)
Topic: Paying taxes with credit card?
Replies: 28
Views: 2656

Re: Paying taxes with credit card?

In past bonus has been 10%, but I see now 5%. 4. Bonus arrives before end of June. So you "loaned" government money from end-of-December to June, say 6 months: effective yield about 10%. Problem 1: you have to get the base amount in Amazon gift cards as well, meaning you have to know you spend that...
by MrJones
Fri Dec 08, 2017 3:24 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity charges to close accounts!
Replies: 54
Views: 19967

Re: Fidelity charges to close accounts!

J295 wrote:
Wed Dec 06, 2017 4:54 pm
IMO, those who leave a dollar or similar to “show them” are spiteful and childish. Moreover it has no material impact.
Huh? Why is it not savvy rather than spiteful?

The material impact is objectively $50.
by MrJones
Wed Dec 06, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Worth it to Amend incorrect CPA prepared tax returns?
Replies: 33
Views: 1852

Re: Worth it to Amend incorrect CPA prepared tax returns?

On a related note, if you've already figured out the problem, I found filing the amendment to be far easier than what my imagination had led me to believe. Over the years I've done this at least thrice, once when I owed and twice when IRS owed. The whole process was surprisingly smooth each time. I...
by MrJones
Wed Dec 06, 2017 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Worth it to Amend incorrect CPA prepared tax returns?
Replies: 33
Views: 1852

Re: Worth it to Amend incorrect CPA prepared tax returns?

On a related note, if you've already figured out the problem, I found filing the amendment to be far easier than what my imagination had led me to believe. Over the years I've done this at least thrice, once when I owed and twice when IRS owed. The whole process was surprisingly smooth each time.
by MrJones
Wed Dec 06, 2017 2:01 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 181
Views: 10963

Re: Do people still use AAA?

I had AAA until last year. I needed a tow then, first time in probably a decade. Out here in CA, AAA quoted $70 out of pocket for me because they cover the first five miles and their contracting tow truck charges $10 per mile beyond that, and I needed 12 miles. They had no alternative. I called arou...
by MrJones
Wed Dec 06, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Friend buys a lot of stuff because he want's to reduce his tax liability. Is this thinking flawed?
Replies: 47
Views: 4123

Re: Friend buys a lot of stuff because he want's to reduce his tax liability. Is this thinking flawed?

All that being said, good luck trying to talk your friend out of his magical thinking. You can put all the numbers in front of folks like this and it still won't do any good. You are a good friend for trying, however. +1. Your friend sounds like a compulsive hoarder. Presenting a logical argument i...
by MrJones
Mon Dec 04, 2017 1:26 am
Forum: Personal Consumer Issues
Topic: Growing Number of Electric Vehicles
Replies: 112
Views: 8381

Re: Growing Number of Electric Vehicles

Why wouldn't SCE want to remotely shut off a car charger in the same way they would an AC unit? We could wake up the next morning with an "empty tank", or worse, a power failure and no alarm going off because the transformer down the street just went up in smoke again... If the grid is smart enough...
by MrJones
Sun Dec 03, 2017 1:48 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19651

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

I will repeat. You will not find a single person that owns bitcoin so that he uses it as a currency. Nope. Everybody that buys bitcoin today, and I mean everbody, is buying for one reason only. In hopes of selling to a sucker tomorrow. I buy just enough Bitcoin solely for use in financial transacti...
by MrJones
Sun Dec 03, 2017 4:40 am
Forum: Personal Consumer Issues
Topic: How to convince DW that high miles used car is OK
Replies: 106
Views: 6703

Re: How to convince DW that high miles used car is OK

If you do get a high mileage car make sure the timing belt was replaced typically required at 100k miles. Not all cars have timing belts. But engines that have them are ruined if they fail while the engine is running Good point to remember, but only interference engines get ruined if the timing bel...
by MrJones
Wed Nov 29, 2017 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: ESPP Tax Rates [Employee Stock Purchase Plan]
Replies: 12
Views: 1791

Re: ESPP Tax Rates [Employee Stock Purchase Plan]

If the price went from $30 to $10 during the purchase period, and you bought at $8.50, held for the qualified disposition and sold at $15, your W-2 income is $30 * 15% = $4.50/share. Your long-term gain is $15 - $8.50 - $4.50 = $2/share. If you simply sold at $10, bought something else that appreci...
by MrJones
Wed Nov 29, 2017 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: What 529 plan is recommended for California residents?
Replies: 15
Views: 1215

Re: What 529 plan is recommended for California residents?

MrJones - have a look at https://www.bogleheads.org/wiki/529_plan. There is a section on "Federal Tax Benefits" that would be relevant to California residents.. Effectively contributions to 529 plans grow tax deferred and withdrawals can be tax free if used for qualified educational expenses. I enc...
by MrJones
Wed Nov 29, 2017 1:57 am
Forum: Investing - Help with Personal Investments
Topic: What 529 plan is recommended for California residents?
Replies: 15
Views: 1215

Re: What 529 plan is recommended for California residents?

Pardon my ignorance, but could sunshine explain the benefit of a 529 plan over a regular taxable investment account for a resident of California? I thought the state did not provide a tax benefit for these accounts.
by MrJones
Fri Nov 24, 2017 4:27 pm
Forum: Personal Consumer Issues
Topic: Cell Phone "family plans" Sprint for 4
Replies: 12
Views: 812

Re: Cell Phone "family plans" Sprint for 4

5 lines with unlimited everything at Sprint is $100 a month. Very good deal IMHO.

https://www.sprint.com/en/shop/plans/un ... -plan.html
by MrJones
Fri Nov 24, 2017 4:33 am
Forum: Personal Consumer Issues
Topic: How difficult and expensive to add a new bathroom?
Replies: 34
Views: 2184

Re: How difficult and expensive to add a new bathroom?

Very insightful post about contractors, their motivations, and finding good ones, CurlyDave, thank you. This explains many horrible contractor experiences I've heard about. Explore all of the options. A 3 BR, 1 BA house will have a hall bathroom for guests and residents. Possibly it will make more s...
by MrJones
Thu Nov 23, 2017 11:38 am
Forum: Personal Consumer Issues
Topic: How difficult and expensive to add a new bathroom?
Replies: 34
Views: 2184

Re: How difficult and expensive to add a new bathroom?

In a VHCOL area the vast majority of of a house's value for a 1500 square foot house is likely in the lot and not the building. At $200K you are likely getting into the price range where doing a teardown and building a new house would make sense if the house is not great to start with. You also nee...
by MrJones
Thu Nov 23, 2017 11:32 am
Forum: Personal Consumer Issues
Topic: How difficult and expensive to add a new bathroom?
Replies: 34
Views: 2184

Re: How difficult and expensive to add a new bathroom?

donall wrote:
Thu Nov 23, 2017 10:21 am
The larger the addition the less cost per square foot. If you are adding only a bathroom, then price per square foot is very high. If you are adding a bathroom, perhaps you can also add more square footage to add to value of house.
Point well taken, will keep this in mind.
by MrJones
Wed Nov 22, 2017 10:15 pm
Forum: Personal Consumer Issues
Topic: How difficult and expensive to add a new bathroom?
Replies: 34
Views: 2184

Re: How difficult and expensive to add a new bathroom?

Reg "pool house": interesting suggestion. Was it $60k including all the plumbing and electric work that needed to be done?
by MrJones
Wed Nov 22, 2017 9:09 pm
Forum: Personal Consumer Issues
Topic: How difficult and expensive to add a new bathroom?
Replies: 34
Views: 2184

Re: How difficult and expensive to add a new bathroom?

All of this is fantastic advice and knowledge. Thanks a ton to everyone for responding! Summarizing so far, the numbers indicate this is worth at least looking into further. At $75k to $200k, it would be 5% - 15% of a $1.4M home. Seems like the factors that could complicate or make this infeasible i...
by MrJones
Wed Nov 22, 2017 2:01 pm
Forum: Personal Consumer Issues
Topic: How difficult and expensive to add a new bathroom?
Replies: 34
Views: 2184

Re: How difficult and expensive to add a new bathroom?

Could someone please share an actual number for any scenario of their choice?
by MrJones
Wed Nov 22, 2017 1:53 pm
Forum: Personal Consumer Issues
Topic: How difficult and expensive to add a new bathroom?
Replies: 34
Views: 2184

Re: How difficult and expensive to add a new bathroom?

I see, thanks to everyone for exposing some of the issues here. lthenderson, I unfortunately don't live in an with basements, though there seem to be exceptions. However, this is a VHCOL area, which I hope means that the cost of the addition might not be much compared to the cost of the house. Say s...
by MrJones
Wed Nov 22, 2017 1:26 pm
Forum: Personal Consumer Issues
Topic: How difficult and expensive to add a new bathroom?
Replies: 34
Views: 2184

How difficult and expensive to add a new bathroom?

How difficult and how expensive would it be to convert a day 3 bed / 1 bath single family house into a 3 bed /2.5 bath house? I don't have a particular property in mind, but in trying to buy a house in a VHCOL area, I see several 3/1 houses that I could consider only if I could increase the number o...
by MrJones
Tue Nov 14, 2017 2:21 am
Forum: Personal Finance (Not Investing)
Topic: Draft a will with legalzoom or other online legal help
Replies: 65
Views: 4764

Re: Draft a will with legalzoom or other online legal help

Several thousand dollars! That is a lot of money. No wonder 60% of Americans do not have a will. Far more than 60% of Americans do not have an LLC holding multiple rental properties either. A vast majority of Americans without a will probably do not have assets to worry about passing on either. My ...
by MrJones
Fri Nov 10, 2017 2:40 am
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 8369

Re: $23k credit card emergency

Nice job on thinking about this. A drinking tip. Buy an alcohol flask. Buy some good liquor, which would cost about $15 for 18 shots worth. Drink from it (of course, safely, and in moderation) before entering bars or clubs or wherever. Of course I'm not suggesting becoming an alcoholic or being othe...
by MrJones
Sat Oct 28, 2017 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 19057

Re: Early-retired 35 year old with $1 million

Sorry new here - following for the discussion to come. Planning to (hopefully) be in a similar situations a few short years from now. Welcome! By the way, it is not necessary to post in order to follow in case that's what you were doing. You can simply use the button on the top to subscribe to this...
by MrJones
Sun Oct 22, 2017 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 162
Views: 45048

Re: Time to reach 1M and 2M milestones

cashmoney wrote:
Thu Aug 31, 2017 9:17 am
I was working on making my second million by the age of 30 after failing to make my first million.
Good call. Most newbies don't see that it's better to start with the second million which is a lot quicker and easier than the first. We should include this in the wiki.
by MrJones
Sun Oct 22, 2017 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: I want to (semi) retire at 42, in 2 years. Can I?
Replies: 28
Views: 3898

Re: I want to (semi) retire at 42, in 2 years. Can I?

celia wrote:
Sun Oct 22, 2017 12:08 pm
You probably mis-stated your salary since $19K is $19,000. You probably meant $190K, which fits in with your scenario more easily.
You probably didn't consider that op's entire paragraph was in the context of monthly numbers, making $19k a correctly stated monthly income figure.
by MrJones
Sat Oct 21, 2017 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: Worry market crush, selling 50%, but increase buying 100%
Replies: 69
Views: 6859

Re: Worry market crush, selling 50%, but increase buying 100%

WhiteMaxima wrote:
Fri Oct 20, 2017 2:49 pm
I am staying neutral now: 50/50. I don't call it timing. I see risk ahead.
Sounds like you have your own definition of neutral. What is it and why?

Also, do you have a question? Is this thread actionable?
by MrJones
Thu Oct 19, 2017 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: just hit the two comma club today...some thoughts
Replies: 37
Views: 5735

Re: just hit the two comma club today...some thoughts

Congratulations. Very inspiring to the folks here who are not in the traditional high earning professions.
by MrJones
Wed Oct 18, 2017 10:15 am
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade fund replacement
Replies: 42
Views: 4440

Re: TD Ameritrade fund replacement

Slightly off topic, but anyone know if DRIP transactions from ETFs previously on the list will now be charged transaction fees?
by MrJones
Sat Oct 14, 2017 11:09 pm
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 484
Views: 45312

Re: Fellow TDA bogleheads

Grt2bOutdoors wrote:
Sat Oct 14, 2017 4:16 pm
No problemo, use Vanguard brokerage, Vanguard ETF's galore! :D
That's not an option for HSAs unfortunately.
by MrJones
Sat Oct 14, 2017 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Silly accounting question [How do I record these transactions?]
Replies: 7
Views: 845

Re: Silly accounting question [How do I record these transactions?]

Are you using single entry or double entry bookkeeping? If the former, it's as simple as someone said above. Use an extra column to track discounts. If you are anal at all, you would use double entry bookkeeping. It's almost built for tracking expenses in a way that can answer these questions easily...
by MrJones
Thu Oct 05, 2017 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone go 100% Ally or another online bank for all banking needs?
Replies: 61
Views: 5496

Re: Anyone go 100% Ally or another online bank for all banking needs?

Hundred percent Ally only for 7 years now and no issues. Once a year or so would wish I had a way to deposit cash mostly from Craigslist sales. But that's not worth the extra complexity of maintaining a secondary account.
by MrJones
Sat Sep 30, 2017 1:01 am
Forum: Personal Consumer Issues
Topic: What will happen if I refuse to pay a medical bill?
Replies: 125
Views: 7979

Re: What will happen if I refuse to pay a medical bill?

I ran into pretty much exactly the same problem many years ago to the tune of about $600. I too refused to pay for the principle of it. If every single person who ran into this situation refused to pay, the medical billing industry would learn their lesson pretty quickly. Just a note here, you aren...
by MrJones
Sat Sep 30, 2017 12:55 am
Forum: Personal Consumer Issues
Topic: What will happen if I refuse to pay a medical bill?
Replies: 125
Views: 7979

Re: What will happen if I refuse to pay a medical bill?

Just to mention, as well, I don't think I've seen many health insurance products that have ZERO out-of-network benefits. Perhaps you haven't met your deductible. If so you probably would have owed that same amount anyway. Just wanted to point out this is not likely correct because in-network rates ...
by MrJones
Sat Sep 30, 2017 12:47 am
Forum: Personal Consumer Issues
Topic: What will happen if I refuse to pay a medical bill?
Replies: 125
Views: 7979

Re: What will happen if I refuse to pay a medical bill?

That really sucks. Been there. For $345, nothing significant will happen to you at all if you don't pay. The medical office will send you a bunch of bills and eventually sell your debt to a collector for pennies on the dollar. The collector will send you a bunch of nasty letters but not much more be...
by MrJones
Fri Sep 01, 2017 6:53 am
Forum: Personal Finance (Not Investing)
Topic: 2 comma club (my way)!!
Replies: 60
Views: 12640

Re: 2 comma club (my way)!!

If you don't mind, are you salaried, consulting, or a business owner? And if you really feel like sharing, what general field are you in? Please feel free to ignore these questions.

Congrats!
by MrJones
Sun Jul 16, 2017 6:12 pm
Forum: Personal Consumer Issues
Topic: what's your secret to cleaning inside car windows?
Replies: 47
Views: 4051

Re: what's your secret to cleaning inside car windows?

MarkBarb wrote:What is "newspaper"?
Once upon a time, they used to print out the internet every morning.
by MrJones
Sat Jul 08, 2017 6:53 pm
Forum: Investing - Theory, News & General
Topic: plus and minus signs on sweep transactions VG Brokerage account
Replies: 7
Views: 841

Re: plus and minus signs on sweep transactions VG Brokerage account

Thanks OP for posting the question and summarizing your findings. At some point I had this question too and I never got around to answering it until now.
by MrJones
Thu Jul 06, 2017 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 192
Views: 14326

Re: Seeking advice on 1.2m house purchase

Rent with a shorter commute. Life is too short. I wonder if the HGTVification is to blame. House Hunters and the like show people "fulfilling" their dreams buying their "dream house". To go backwards and jeopardize financial security for a house with a long commute. I just don't get it sometimes. +10
by MrJones
Sat May 20, 2017 3:50 pm
Forum: Personal Consumer Issues
Topic: Bad experience with 'rescuing' a lost dog
Replies: 38
Views: 4081

Re: Bad experience with 'rescuing' a lost dog

jnet2000 wrote:From one dog lover, thank you.
+1
by MrJones
Fri May 19, 2017 12:40 am
Forum: Personal Finance (Not Investing)
Topic: Resigning from a job: best practices and advice?
Replies: 111
Views: 9772

Re: Resigning from a job: best practices and advice?

You're feeling guilty, and you've conjured up a situation that likely will not play out. When you give notice, the conversation will likely not go "how long have you known? Did you take vacation knowing you were just coming back to quit? How could you do that to us?!?!?" I've never once had a boss ...