Search found 778 matches

by djpeteski
Wed Apr 17, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Young Couple Seeking Financial Advice From Bogleheads
Replies: 27
Views: 2589

Re: Young Couple Seeking Financial Advice From Bogleheads

Here is some advice for you: You might want to give advice to others. The fact that you have savings accounts, are looking to buy a reasonable used car for cash, and are looking to pay cash for a wedding is quite astounding for people your age. You two seem to have really good financial sense in man...
by djpeteski
Wed Apr 17, 2019 7:36 am
Forum: Personal Investments
Topic: $1.1 million rental portfolio, but tired of being a landlord
Replies: 86
Views: 9920

Re: $1.1 million rental portfolio, but tired of being a landlord

Have you considered selling off one or two of your least favorite properties and reevaluating? This would spread out the tax hit over time, diversify, and still keep an income.
by djpeteski
Fri Apr 12, 2019 1:54 pm
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 126
Views: 5695

Re: Soon to be dad, how to prepare

Congratulations! Here is a book that my wife (who is a midwife) recommends to new dads: https://www.amazon.com/Expect-Expanding-Month-Month-Father It all depends on the personality of kid that comes out. Some sleep through the night soon, some are plagued by reoccurring ear infections and are nothin...
by djpeteski
Thu Apr 11, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Wife hates new job...wants to quit after 1 day
Replies: 191
Views: 17991

Re: Wife hates new job...wants to quit after 1 day

Day 3 Update: -Tuition reimbursement has been approved. -Still at a table. -People impressed that she’s learning very quickly because she’s apparently the first employee to read the intranet documentation. -She’s moved to a 5 out of 10 but still very unhappy. Honestly, I feel if her first day had b...
by djpeteski
Thu Apr 04, 2019 7:33 am
Forum: Personal Investments
Topic: Do I have too much cash?
Replies: 16
Views: 3086

Re: Do I have too much cash?

It depends on other factors. 50K might be not enough or too much. Are you planning to replace cars soon? If so what are you buying? If you plan on buying a 40K SUV, then you should beef up your cash! You also mentioned that you are renting currently. Are you planning on buying? If you do buy are you...
by djpeteski
Thu Apr 04, 2019 7:28 am
Forum: Personal Consumer Issues
Topic: Pay cash for hvac or leverage 0% financing?
Replies: 42
Views: 1635

Re: Pay cash for hvac or leverage 0% financing?

Have you asked your bidders if there is a difference in a cash price or not? As others have said there are cash back credit cards in the 2% range, but if you can get 5% off the price by paying cash that would be a better deal. Given that most of these places outsource the financing and pay a decent ...
by djpeteski
Thu Apr 04, 2019 6:43 am
Forum: Personal Consumer Issues
Topic: Universal Orlando Trip In June 2019
Replies: 34
Views: 1583

Re: Universal Orlando Trip In June 2019

With the low gas prices and strong economy the parks are just super busy. You are correct what you are paying is a lot for what you are getting, but it is a supply and demand issue. Living right down the road from the parks, so no lodging costs and Florida discounts, it is still a bunch cheaper to t...
by djpeteski
Tue Apr 02, 2019 1:41 pm
Forum: Non-US Investing
Topic: Your opinion on debt?
Replies: 111
Views: 6356

Re: Your opinion on debt?

If Chick-Fil-A ever calls, I'd borrow money to open one. It costs $10,000 to start a Chick-fil-A. You don't have $10,000 to invest? I would put the cost of starting a Chick-Fil-A at well over 2 million for a stand alone. Probably more like 250K in a mall. I think you need to own a stand alone befor...
by djpeteski
Mon Apr 01, 2019 6:52 am
Forum: Investing - Theory, News & General
Topic: What is the Boglehead opinion of the inverted yield curve?
Replies: 63
Views: 5012

Re: What is the Boglehead opinion of the inverted yield curve?

Personal opinion: Don't know and don't care. The media need fresh, fearful headlines every day, not suggestions of live within your means, to save early and often, and expect to adjust spending to assets during retirement. Consider which has more bearing on your life, the media or your own actions....
by djpeteski
Mon Apr 01, 2019 6:47 am
Forum: Non-US Investing
Topic: Your opinion on debt?
Replies: 111
Views: 6356

Re: Your opinion on debt?

If you believe in the benefits of compounding interest then it is hard to understand those people that find debt acceptable. It is just compounding interest working against you. Sure, you can play the arbitrage game, but is the risk really worth 1% or so? I don't think so. Many people on this site h...
by djpeteski
Fri Mar 29, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: To Escrow, or to NOT Escrow
Replies: 24
Views: 903

Re: To Escrow, or to NOT Escrow

I hate escrow. When I had a mortgage, I did not have escrow. I advise others, who are reasonably good with money, to do the same. Here in Florida you get a discount for paying your property taxes early. Most escrow companies cannot handle that, they only pay it on the due date. So you miss out on th...
by djpeteski
Fri Mar 29, 2019 9:34 am
Forum: Personal Investments
Topic: Help save my father from another annuity
Replies: 20
Views: 1464

Re: Help save my father from another annuity

... in general, annuities are worse than bloody diarrhea. ... You are correct. There's an over-the-counter medicine you can take for diarrhea which will usually make it go away in less time than the length of the surrender charge. That was freaking awesome. The only thing I would say TierArtz is th...
by djpeteski
Fri Mar 29, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Is our household budget crazy?
Replies: 141
Views: 11590

Re: Is our household budget crazy?

Budgeting is tricky. One can easily hide an expense that is unnecessary as necessary. For those without the income that you guys have that are really looking to reduce spending the gas station is a perfect place for leakage. One can go in and buy some snacks, put $20 in the tank, and call the expens...
by djpeteski
Fri Mar 29, 2019 9:02 am
Forum: Personal Finance (Not Investing)
Topic: How The New 2018 QBI Deduction (199A) show up in 1120S/Sch-K1 & 1040 For S-Corp Small Business Owners?
Replies: 13
Views: 778

Re: How The New 2018 QBI Deduction (199A) show up in 1120S/Sch-K1 & 1040 For S-Corp Small Business Owners?

I turned my stuff in to the accountant and will see where we ended up. Due to this and some other changes I was able to put some money in a ROTH this year. The first time in a very long time.

Sorry I do not have an answer for you.
by djpeteski
Thu Mar 28, 2019 6:43 am
Forum: Personal Consumer Issues
Topic: Tattoos and Bogleheads
Replies: 180
Views: 8438

Re: Tattoos and Bogleheads

Left shoulder, markings from my time in both the Marine Corps and Army. My version of SPQR which was tattooed on the Roman Soldiers of yore.

I'll get an Ironman tattoo if I ever finish the distance. Probably on the right calf.
by djpeteski
Wed Mar 27, 2019 8:05 am
Forum: Investing - Theory, News & General
Topic: Free dinner from an attorney
Replies: 32
Views: 3222

Re: Free dinner from an attorney

Who? What is his Instagram? :P :P :P
by djpeteski
Wed Mar 27, 2019 8:01 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K
Replies: 101
Views: 13010

Re: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K

It’s time to drop the “he’s a horrible con-man” exaggerations. The numbers just don’t back up those statements. As you are rallying for the mischaracterization of a person, I think you in turn are also doing this. The most common advice I see on this board is: Dave Ramsey for budgeting and getting ...
by djpeteski
Tue Mar 26, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage!
Replies: 88
Views: 7125

Re: Paid off mortgage!

Thanks. I "depleted" my emergency fund a bit so will build it up for the next few months. After that I guess I will invest in market (3 index fund portfolio). We did the same. Congratulations. Do something nice for yourself and family is my suggestion. We went to a nice steakhouse, and later (after...
by djpeteski
Tue Mar 26, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Apple Card
Replies: 68
Views: 5644

Re: Apple Card

It seems that the brain trust at Apple is about bankrupt. They are doing what Sears, and JC Penny have done for years. Its the institutional imperative that Buffet talked about.
by djpeteski
Tue Mar 26, 2019 10:59 am
Forum: Investing - Theory, News & General
Topic: Zero federal tax. Will this cause an audit?
Replies: 43
Views: 4142

Re: Zero federal tax. Will this cause an audit?

No. Tripple digit golpher is right. I paid taxes via regular payroll deduction. I also assessed how much additional I would have to pay based in expected interest, dividends, royalties etc and added it as extra payments in w4. That what I was thinking. Most people get a refund and that does not tri...
by djpeteski
Tue Mar 26, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Need buying rental property from family advice
Replies: 16
Views: 957

Re: Need buying rental property from family advice

It sounds like you don't have much cash which makes owning rentals very risky.
by djpeteski
Tue Mar 26, 2019 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Help with law school decision
Replies: 78
Views: 5125

Re: Help with law school decision

Unless she plans to practice in Florida, I would stay away from University of Florida. In most of Florida, its the equivalent of going to Harvard, but outside the state, not so much. If she does plan to practice here, provided she is a decently north of Miami, then UF is the right choice.
by djpeteski
Tue Mar 26, 2019 7:50 am
Forum: Personal Consumer Issues
Topic: How to Sell a Wyland Painting on My Bathroom Wall?
Replies: 74
Views: 6265

Re: How to Sell a Wyland Painting on My Bathroom Wall?

Tortoisesque wrote:
Tue Mar 26, 2019 2:26 am
It's also kind of weird to be staring at a big painting of Flipper while one is taking the Browns to the Super Bowl, so I guess it's a toss-up.
Nice! That is what has me scratching my head. Why would you put your most valuable art in a bathroom? Crazy. Hopefully you find a solution.
by djpeteski
Tue Mar 26, 2019 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Stretching? (Home purchase)
Replies: 20
Views: 2803

Re: Stretching? (Home purchase)

The key here is do you want to be in the remodel and rental business? If so you two can make it work. If not well I would find something else. Something that is a bit more complete and a single family.
by djpeteski
Mon Mar 25, 2019 6:25 am
Forum: Personal Consumer Issues
Topic: Moving from NY to St Petersburg FL
Replies: 9
Views: 1252

Re: Moving from NY to St Petersburg FL

If you are Yankees fans, their spring training is nearby. You also have hockey and football at affordable prices.
by djpeteski
Fri Mar 22, 2019 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Canceling escrow account
Replies: 25
Views: 2234

Re: Canceling escrow account

For others, you can simply not do escrow in the first place. When you apply for your mortgage you let them know that you will not be doing escrow.
by djpeteski
Fri Mar 22, 2019 7:19 am
Forum: Personal Consumer Issues
Topic: Do you still wear a necktie to work?
Replies: 108
Views: 4999

Re: Do you still wear a necktie to work?

Me: Computer programmer uniform A (M-Th). Polo shirt, Levi Docker like pants. Programmer uniform C (F). T-shirt, jeans, sandals.

Rocking the Florida Tech Athletics t-shirt today. Go Panthers!
by djpeteski
Fri Mar 22, 2019 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Is my doctor a scam?
Replies: 33
Views: 4484

Re: Is my doctor a scam?

In January I paid a visit for a bad cough. Was subjected to tests and exams that may vaguely be treatment related (EKG, blood samples, urinalysis). Your doctor provided care, you should be thankful for that. I had a doctor claim that he gave me a complete physical. He was in the room, basically to ...
by djpeteski
Thu Mar 21, 2019 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Fraudulent credit balance transfer on my credit card - bank says "too bad"
Replies: 29
Views: 3860

Re: Fraudulent credit balance transfer on my credit card - bank says "too bad"

USAA is the card issuer. I originally complained on 3/6/19, but the bank did not even start investigating until 3/11/19. For the record I was forced to end a 20+ year banking relationship with USAA. They gave some of my money away to a thief, and then acted like it was my fault. The thief called on...
by djpeteski
Thu Mar 21, 2019 7:49 am
Forum: Personal Investments
Topic: Ready to FIRE (But Vultures Be Circling)
Replies: 72
Views: 8533

Re: Ready to FIRE (But Vultures Be Circling)

Please have confidence in yourself. You built a business that netted you 10 million after taxes. There is no reason to squander that hard earned wealth to have a salesman do what bogleheads advocate, just less efficiently. Those skills you used to build your business are transferable to managing you...
by djpeteski
Mon Mar 11, 2019 10:00 am
Forum: Personal Consumer Issues
Topic: How would you bargain for unique items?
Replies: 23
Views: 1557

Re: How would you bargain for unique items?

I think you are missing the point totally. While the items might belong to a similar classification, the sellers are totally unique. Negotiation is dealing with those unique sellers. The same skills that work with negotiating a salary increase work with the buying of unique items. I found the book N...
by djpeteski
Fri Mar 08, 2019 10:23 am
Forum: Personal Consumer Issues
Topic: Sports team season tickets
Replies: 45
Views: 4051

Re: Sports team season tickets

For men's college basketball University of Florida fans and season ticket holders can make out pretty well. They can recoup about 1/3 of their season cost by selling their tickets when University of Kentucky rolls into town. Guess who is on the wrong side of that equation? Wife is a UK alumni.
by djpeteski
Fri Mar 08, 2019 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Are my parents' finances a disaster waiting to happen? Seeking advice.
Replies: 105
Views: 10602

Re: Are my parents' finances a disaster waiting to happen? Seeking advice.

Annual income: $105,000 to $110,000 from SS and a state pension. I agree with your mom on this one that their retirement income is so high. That is kind of amazing. Investments: None Total Liquid Assets: About $5,000. Total home equity is about $20,000. Siding with you, you are right. How does one ...
by djpeteski
Fri Mar 08, 2019 6:54 am
Forum: Personal Consumer Issues
Topic: attacked by off-leash dog
Replies: 220
Views: 7037

Re: attacked by off-leash dog

Your best hope for justice for this kind of thing is hitting a person in the wallet. If you can find out who the guy is, as someone else said dogs poop every day, then just file a civil suit through one of those personal defense attorneys. It may sound like your jurisdiction is different, but in mos...
by djpeteski
Thu Mar 07, 2019 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Universal Life without cash value accumulation
Replies: 22
Views: 1184

Re: Universal Life without cash value accumulation

The price for these products is guaranteed for life. The guarantee can be shortened to reduce the cost, such as what OP is stating here where it is only guaranteed to age 95 instead of to age 121. Are you saying that there is guaranteed price increases or does it stay the same until 95? Perhaps the...
by djpeteski
Wed Mar 06, 2019 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Inhereted Whole Life policy - what to do?
Replies: 22
Views: 1699

Re: Inhereted Whole Life policy - what to do?

In my opinion FGal nailed it. The only thing I would add is questions about yourself. Is there anything precluding you from obtaining life insurance? Do you need life insurance. The only reason to keep this policy is if you cannot obtain life insurance on your own and you anticipate a future need. O...
by djpeteski
Tue Mar 05, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Universal Life without cash value accumulation
Replies: 22
Views: 1184

Re: Universal Life without cash value accumulation

Under the hood, a Universal life (UL) policy is annual renewable term plus a variable cash value. As you state this is a no cash value policy, so your variable amount is zero, and this is how universal differs from whole life which is a fixed cash value accumulation. To compare apples to apples, you...
by djpeteski
Tue Mar 05, 2019 7:50 am
Forum: Personal Finance (Not Investing)
Topic: 401K loan to help son in college?
Replies: 27
Views: 1315

Re: 401K loan to help son in college?

Good job on your finances. With that kind of retirement savings why would not just cash flow the help? That should be easily doable for such prolific savers. Even if that means cutting back a bit on 401K contributions, that is what I would do. Given your age and situation, I don't see a harm in a 40...
by djpeteski
Tue Mar 05, 2019 7:36 am
Forum: Personal Finance (Not Investing)
Topic: How long have you gone without a raise?
Replies: 75
Views: 5545

Re: How long have you gone without a raise?

Would you look for a new job? Perks are it's really only about 25-30 hrs/wk of work most times, pretty good ancillary benefits (HDHP/HSA, benefits paid for, good vacation time) and it provides great work-life balance for a young family. So that is a reason to stay. The whole work-life balance thing...
by djpeteski
Mon Mar 04, 2019 1:27 pm
Forum: Personal Investments
Topic: Life and financial Advice please
Replies: 16
Views: 1725

Re: Life and financial device please

I definitely would not buy an annuity in your situation. With a taxable account of that size you can easily purchase health insurance without locking up $500,000. Your account should throw off close to $2,500 in dividends each month anyway. I think this, as well as looking for positions that offer ...
by djpeteski
Mon Mar 04, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: 401K loan to help son in college?
Replies: 27
Views: 1315

Re: 401K loan to help son in college?

I think some details about your retirement need to be outlined. There are a number of possibilities. One is that you have enough assets to retire at age 63. A second is you have a really nice pension. A third is that your planning is not all that good. There are others, but details are needed. There...
by djpeteski
Mon Mar 04, 2019 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Savings or 0% APR Credit Card for wedidng expenses
Replies: 6
Views: 486

Re: Savings or 0% APR Credit Card for wedidng expenses

Mathematically it makes sense to get the 0% CC and keep your savings as long as you can then pay off the credit card prior to any interest being due. However the math ignores the way we behave as human beings. With using the credit card: 1) Consider why exactly does bank give you an interest free lo...
by djpeteski
Fri Mar 01, 2019 1:05 pm
Forum: Personal Consumer Issues
Topic: Fundraising for kids
Replies: 5
Views: 243

Re: Fundraising for kids

In similar circumstances ... let's say $200k-$300k annual income (low end in low COL and high end in high COL area) and, say, at least $1 million net worth with two kids and both parents working ... what would a Boglehead do? Ask for donations or foot the bill? Are you sure about the net worth? The...
by djpeteski
Fri Mar 01, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: Retirement in Switzerland
Replies: 53
Views: 4732

Re: Retirement in Switzerland

Sorry, in 10-15 years I would make the transition of living there 3-5 months a year. I assume that you currently travel there despite your plan being a bit off. It is not easy to do online, but I would explore banking options. Then about 5-10 years from now I would start stock piling cash in Switze...
by djpeteski
Fri Mar 01, 2019 12:52 pm
Forum: Investing - Theory, News & General
Topic: Do houses grow tax free?
Replies: 98
Views: 4766

Re: Do houses grow tax free?

I've tried watering and fertilizing my house. Neither does the parcel grow or my square footage increase.
by djpeteski
Fri Mar 01, 2019 10:48 am
Forum: Personal Consumer Issues
Topic: Retirement in Switzerland
Replies: 53
Views: 4732

Re: Retirement in Switzerland

In the next 10-15 years I plan to spend 3-5 months a year living in Switzerland. I'm wondering how you would invest your retirement assets to hedge against the difference in economies (US/Switzerland). Or, would you do anything at all? So you plan, to spend between 40 and 60 months in Switzerland o...
by djpeteski
Fri Mar 01, 2019 7:17 am
Forum: Personal Consumer Issues
Topic: How do YOU make coffee?
Replies: 172
Views: 6315

Re: How do YOU make coffee?

Burr grind whole beans from Costco every morning. Electric kettle the water to boil and use a french press. Takes a few extra minutes but the taste is great and cost is right. Pretty much the same except I use the coffee from Lucky's market. The clean up of the press is a bit of a pain, but worth it.
by djpeteski
Thu Feb 28, 2019 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Client From Hell Is Driving Me Insane!
Replies: 60
Views: 7810

Re: Client From Hell Is Driving Me Insane!

1. I’m going insane with everyone associating their advertising with me. People through out the industry keep asking me what am I thinking and I just need to smile and say the client is very pleased with results. 2. The client is burning a lot of cash on advertising that by every metric that I have...
by djpeteski
Wed Feb 27, 2019 3:14 pm
Forum: Investing - Theory, News & General
Topic: Peer to Peer (P2P) Lending - What are the realistic returns?
Replies: 30
Views: 2841

Re: Peer to Peer (P2P) Lending - What are the realistic returns?

I did lending club and I realized about a 2 or 3% profit. While I tended to focus on loans with good rates, but no deliquinces there were many late payments and many went to collections. There are several things that are troubling about lending club. The first is the investor never received any port...
by djpeteski
Wed Feb 27, 2019 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for advice in selling a business
Replies: 14
Views: 899

Re: Looking for advice in selling a business

The biggest deal in all this is that you are going to be moving from a owner/boss to a peer. This could cause some problems. Also will the two other partners get along with each once they are at an equal ownership level as yourself? If it was me, I would want #3, which will require your involvement....