Search found 265 matches

by IMO
Fri Jan 12, 2018 3:38 am
Forum: Personal Consumer Issues
Topic: House water detection and alert system?
Replies: 41
Views: 3336

Re: House water detection and alert system?

What’s the advantage to an automated valve instead of just shutting off the water if you will be away for an extended time? I have a house that is closed up for 8 months a year. Shut off the water at the main where it enters the house before I leave. Not sure I would trust an automated valve to do ...
by IMO
Fri Jan 12, 2018 12:14 am
Forum: Personal Consumer Issues
Topic: House water detection and alert system?
Replies: 41
Views: 3336

Re: House water detection and alert system?

People have mentioned the major things including the powered shut-off valve. However, assuming you don't have a tiny house, it occurs to me that unless you are putting sensors all over the place there could be significant damage before a sensor picks up the water. Practically, I think those are mor...
by IMO
Thu Jan 11, 2018 10:52 pm
Forum: Personal Consumer Issues
Topic: House water detection and alert system?
Replies: 41
Views: 3336

Re: House water detection and alert system?

People have mentioned the major things including the powered shut-off valve. However, assuming you don't have a tiny house, it occurs to me that unless you are putting sensors all over the place there could be significant damage before a sensor picks up the water. Practically, I think those are mor...
by IMO
Thu Jan 11, 2018 1:13 pm
Forum: Personal Consumer Issues
Topic: anyone else enjoying an afternoon nap in retirement?
Replies: 19
Views: 2154

Re: anyone else enjoying an afternoon nap in retirement?

Why must one be retired to enjoy an afternoon nap? I tend to take one daily from 12:15 to 12:50 in my office. Because typically getting even time to sit down and have a lunch was the exception. And when there was actual time to oneself at lunch, it would be impossible to wind down enough to nap. An...
by IMO
Thu Jan 11, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: Trying to downsize but still too much stuff
Replies: 59
Views: 6499

Re: Trying to downsize but still too much stuff

I'm quite amazed that one can get their things down to such a small quantity. I can see the utility in life, especially when one is renting to be able to quickly pack up and move. Sometimes though it seems like people get extreme on "owning nothing" just as hoarding is an extreme (hoarding being a m...
by IMO
Wed Jan 10, 2018 9:39 pm
Forum: Personal Consumer Issues
Topic: House water detection and alert system?
Replies: 41
Views: 3336

Re: House water detection and alert system?

I've been using the following device for remote monitoring of a home: http://www.waterheroinc.com/home/ It allows you to monitor water flow from your main line into the home remotely. One can manually remotely shut off the water supply, and it has email/phone alerts and ability for the main valve to...
by IMO
Wed Jan 10, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: When to upgrade House
Replies: 24
Views: 2742

Re: Real estate prices

You might look at the Case-Shiller housing index (one of several metrics on this link, I think you can specify metro areas): http://graphics.wsj.com/us-housing-market/ I have found housing to be extremely local in demand and pricing. I am not sure you, without deep pockets and a lot of inside conne...
by IMO
Sat Jan 06, 2018 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage - what is my effective rate now?
Replies: 12
Views: 1050

Re: Paying off mortgage - what is my effective rate now?

I'm hoping someone might vet my thinking and my calculations here. With the new tax bill, and the standard deduction rising to $24,000, the value of itemizing diminishes. In my scenario, I have the following deductions available to be under the new tax bill: Mortgage Interest - $21,000 Property Tax...
by IMO
Sat Jan 06, 2018 3:31 am
Forum: Investing - Theory, News & General
Topic: "Can I Really Retire at 40?" What to Tell Clients
Replies: 53
Views: 8654

Re: "Can I Really Retire at 40?" What to Tell Clients

Agreed about SS and Medicare, I meant to highlight this in my original post but forgot. But I’m not sure about reduced spending. I personally believe people tend to be optimistic about their future spending, while in reality an early retiree might spend more than planned due to plenty of free time ...
by IMO
Sat Jan 06, 2018 1:26 am
Forum: Personal Finance (Not Investing)
Topic: Downsizing to one car in retirement...
Replies: 68
Views: 5094

Re: Downsizing to one car in retirement...

Since our cars are older [2008 at 145k miles and 2002 at 135k miles] they are well depreciated, so the capital tied up in vehicles is at or under $5k each. The insurance for both totals under $700/yr. If we shared a single car, we would likely not save much on variable cost (gas & maintenance) sinc...
by IMO
Wed Jan 03, 2018 11:58 pm
Forum: Investing - Theory, News & General
Topic: Did everyone in the early 80s have their money in CDs?
Replies: 77
Views: 7085

Re: Did everyone in the early 80s have their money in CDs?

In addition to the previously noted issues about inflation/interest rates, keep in mind, that the 401K was 1st "invented" just around 1980. Per the article noted below, participation with only a traditional pension was 28% in 1979, 15% in 1989, 17% in 1999 (interesting it went up a little), and then...
by IMO
Wed Jan 03, 2018 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: [How to determine budget for toys/luxuries?]
Replies: 41
Views: 3230

Re: How much to spend on toys?

Wrong questions.:) The right answer is whatever is left after paying the bills and meeting your savings goals. Some people have goals (retire ASAP) that require them to save every possible penny. Others are more flexible (i.e. I want to retire at 55) that might only require saving 25%. Pay the bill...
by IMO
Wed Jan 03, 2018 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Assisted Living cost > person's pension
Replies: 24
Views: 2359

Assisted Living cost > person's pension

Asking this question for a friend of a family member: What happens when someone has a pension (it's a Federal Pension from what I understand and apparently a small amount of Social Security from another non-federal job) but the pension/social security will not cover the cost of the assisted living? ...
by IMO
Mon Jan 01, 2018 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: My 2017 Budget
Replies: 37
Views: 5574

Re: My 2017 Budget

Thanks for sharing. I assume you're single? You've inspired us to share our 2017 spending (55K). Couple, retired early, live in a high cost area, own our home, and spend 3 months a year away traveling in the south. Quicken summary numbers: Health Ins $10,572.00 Property Tax $6,300.00 Groceries $5,5...
by IMO
Mon Jan 01, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: My 2017 Budget
Replies: 37
Views: 5574

Re: My 2017 Budget

Wow. Some of those things look like my monthly budget! :D

Out of curiosity, how did you keep you rent so low?
What is your 2018 budget now that you seem to be a homeowner?
by IMO
Mon Jan 01, 2018 9:41 pm
Forum: Personal Consumer Issues
Topic: Car headlights or Daytime Running Lights - what do you do?
Replies: 62
Views: 4611

Re: Car headlights or Daytime Running Lights - what do you do?

I'm having more and more trouble with oncoming headlights nowadays. Not sure if it's the brightness of the new lights, and sometimes it seems as if drivers have them on high beam. Maybe it's just me getting old. I have to manually turn on lights on auto I'm driving (don't have any automatic daytime ...
by IMO
Mon Jan 01, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 7189

Re: What is your threshold for paying down debt?

Sometimes it may come down to lowering your expenses so you can retire. Thus, age can be a factor to consider. So lets say you're healthy physically active 50 yrs old and working, and you take on a new low rate mortgage with current low rates. Lets say that mortgage payment is $3000/month. If you k...
by IMO
Mon Jan 01, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 7189

Re: What is your threshold for paying down debt?

Sometimes it may come down to lowering your expenses so you can retire. Thus, age can be a factor to consider. So lets say you're healthy physically active 50 yrs old and working, and you take on a new low rate mortgage with current low rates. Lets say that mortgage payment is $3000/month. If you ke...
by IMO
Sun Dec 31, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage vs Investing
Replies: 14
Views: 1226

Re: Mortgage vs Investing

I just tried to find a really bad 15 year stretch for stocks and came up with 2000-2015 which may be the worst? During that stretch the s&P 500 had a pretty bad 2.5% annual compound growth. So I suppose I could do worse than 4.125% over 15 years, I find it unlikely though considering we just had a ...
by IMO
Sun Dec 31, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: help me optimize new snow tires
Replies: 30
Views: 1946

Re: help me optimize new snow tires

I opt to utilize separate rims for winter tires. Have bought the steel ones, but also for a little more, have bought nice rims that don't look so utilitarian. Most recently for 17" rims, it was about $110 per rim at Discount, but they had a rebate recently if you had signed up for their credit card ...
by IMO
Sat Dec 30, 2017 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 11708

Re: Suddenly my mortgage doesn't seem that great

Emergency funds: About 4 months Debt: Only our mortgage @4.125% 30 year fixed 350k and 29 years remaining. Tax Filing Status: Married Tax Rate: 22% Federal, 0% State Age: We're in our early 30s. Combined income: $200k I have about $600k in portfolios with about $450k of it in taxable, so I can full...
by IMO
Sat Dec 30, 2017 8:31 pm
Forum: Personal Consumer Issues
Topic: Checked bag to HI, worth cost and trouble?
Replies: 36
Views: 2984

Re: Checked bag to HI, worth cost and trouble?

Hadn't been to HI for along time, so just very recently dealt with this dilemma of cost of checking bag vs. buying things in HI with it's reported huge difference in cost of living. So when we got there (as on Oahu this trip), went to Walmart and it was much more cost effective to buy things like bo...
by IMO
Sat Dec 30, 2017 8:09 pm
Forum: Investing - Theory, News & General
Topic: How did you guys do in 1966 - 1980?
Replies: 34
Views: 3839

Re: How did you guys do in 1966 - 1980?

Absolutely a different time for a variety of reasons. I highly doubt the "average" person was even considering investing in the stock market for multiple reasons. Compare that to current times when essentially EVERYONE (or the average person) is advised and stressed to invest in the market via their...
by IMO
Sat Dec 30, 2017 3:29 pm
Forum: Personal Consumer Issues
Topic: We bought a house in June, and the ac & furnace system do not work. What should we do?
Replies: 49
Views: 4287

Re: We bought a house in June, and the ac & furnace system do not work. What should we do?

The seller checked "no" on the seller disclosure form claiming that she was not aware of any issues with the furnace & a.c. unit. We had the home inspected before buying it, but our inspector was unable to check the furnace and a.c. unit because, the propane tank was empty. So we assumed that the a...
by IMO
Fri Dec 29, 2017 8:48 pm
Forum: Personal Consumer Issues
Topic: manual car for new teen driver
Replies: 143
Views: 8399

Re: manual car for new teen driver

Concerning the tangent on car size and safety: http://www.iihs.org/iihs/news/desktopnews/new-crash-tests-demonstrate-the-influence-of-vehicle-size-and-weight-on-safety-in-crashes-results-are-relevant-to-fuel-economy-policies Back on topic: I will have a teen driver in a couple years and did wonder a...
by IMO
Fri Dec 29, 2017 6:37 pm
Forum: Investing - Theory, News & General
Topic: How to setup a crypto-currency "index fund" (Bitcoin, etc.)
Replies: 77
Views: 7637

Re: How to setup a crypto-currency "index fund" (Bitcoin, etc.)

How to setup a crypto-currency "index fund" (Bitcoin, etc.) Is it just me or is this thread going completely off topic? [/i] So from what I gather, there is no specific "index fund" for cypto-currency? So for someone who doesn't have a good handle on the various cypto-currencies that are available,...
by IMO
Sat Dec 23, 2017 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Plan for Stay at home mom within 1.5yrs - what to do about mortgage/saving/expenses
Replies: 46
Views: 4067

Re: Plan for Stay at home mom within 1.5yrs - what to do about mortgage/saving/expenses

ICMoney wrote:
Sat Dec 23, 2017 5:07 pm
Income: $84K him, $80K her (part-time)
From a financial standpoint, maybe you should consider a SAHD vs. a SAHM
by IMO
Sat Dec 23, 2017 1:51 am
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 25487

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

catdude wrote:
Fri Dec 22, 2017 1:20 pm
No, not meaningful. I just have pension income and I figure I'll save about $600. Just enough to help out a bit with the cat food expense.
Hope that's for a cat and not you :D
by IMO
Thu Dec 21, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: VA Loan- Down Payment or No?
Replies: 15
Views: 1290

Re: VA Loan- Down Payment or No?

Wife and I are looking at houses, combined income ~$90,000/year and looking at houses in the 250k range at the high end. We have no debt, so the mortgage would be our only debt obligation, and excellent credit. I am planning on a VA loan, but I'm not sure whether to make a down payment anyway or no...
by IMO
Thu Dec 21, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 65412

Re: Tax Bill Omnibus Thread

In not in any way a tax professional, but there seems to be the thought by some that if one prepays their mortgage payments now for 2018 and even further, say 2019, that they can use that interest they are prepaying to their advantage for itemizing. I just don't believe that is legitimate. I'd consu...
by IMO
Wed Dec 20, 2017 10:39 pm
Forum: Personal Consumer Issues
Topic: Favorite small Colorado towns near great fishing?
Replies: 18
Views: 2859

Re: Favorite small Colorado towns near great fishing?

I'm recently divorced and in need of some "me time". I want to get back into my passion that has been neglected for far too long: fly fishing. I also want to make fairly regular trips to Colorado for this fishing. (I learned to fish in my early youth in Colorado and want to revisit the state as muc...
by IMO
Wed Dec 20, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: New Car; Maintenance
Replies: 30
Views: 2501

Re: New Car; Maintenance

A SEPERATE topic on gasoline that you should be aware of the use of Top Tier gasoline. In fact, it is likely listed in your owner's manual. Don't confuse Top Tier gasoline with octane levels, as Top Tier is related to "detergents" added above the federal minimum that have been shown in a large study...
by IMO
Mon Dec 18, 2017 3:33 pm
Forum: Personal Consumer Issues
Topic: Buying a new sofa with two young kids?
Replies: 36
Views: 2987

Re: Buying a new sofa with two young kids?

I don't know if I could handle or even desire a "no food or drink outside the kitchen" rule, glad I wasn't raised in such a strict household. Just like car interiors, cloth type materials, no matter how well designed for significant wear and tear are going to show some stains/wear with the typical p...
by IMO
Mon Dec 11, 2017 10:40 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 8619

Re: Snow Tires? Worth it?

Before posting personal view, thought I'd see if there was actually any data available. Below is a link to an older 2002 study titled "An Overview of Studded and Studless Tire Traction and Safety." Having commuted regularly in an area at 7000 ft where road salts were not utilized with periods of sig...
by IMO
Sat Dec 09, 2017 2:54 am
Forum: Personal Consumer Issues
Topic: Fuel Additives for 2017 Toyota Camry
Replies: 50
Views: 4147

Re: Fuel Additives for 2017 Toyota Camry

OP, not sure what Toyota manual says, but this is from Hyundai's manual for a 2017 car: "Using Fuel Additives ( except Detergent Fuel Additives ) Using fuel additives such as: - Silicone fuel additive - Ferrocene (iron-based) fuel additive - Other metallic-based fuel additives may result in cylinder...
by IMO
Sat Dec 09, 2017 2:14 am
Forum: Personal Finance (Not Investing)
Topic: Executor responsibilities
Replies: 44
Views: 3665

Re: Executor responsibilities

The only weakness I see is that the grandkids are not court-protected from me turning to evil and using the money for myself. I know someone who was in sufficiently dire financial straights that they “borrowed” college money intended for someone else. So honest question that is bothering me, how do...
by IMO
Sat Dec 09, 2017 2:05 am
Forum: Personal Consumer Issues
Topic: I am buying a car: Most/Least Reliable Makes?
Replies: 83
Views: 7037

Re: I am buying a car: Most/Least Reliable Makes?

There's so many personal stories about reliability/unreliability about cars. I think if you search you can sometimes find if a specific car model may have a definitive type of issue, one example being the Nissan CVT transmission. However, even with that issue, it may have been certain year(s) and it...
by IMO
Fri Dec 08, 2017 4:41 pm
Forum: Personal Consumer Issues
Topic: Fuel Additives for 2017 Toyota Camry
Replies: 50
Views: 4147

Re: Fuel Additives for 2017 Toyota Camry

Thanks for posting this question, it made me look up some things, including this link: http://clark.com/cars/top-tier-fuel-detergent-gas/ 1. As others have mentioned, the ethanol/water concern is an issue for engines/gas that are stored for long periods (ATV's, boats, etc in winter, cars stored long...
by IMO
Fri Dec 08, 2017 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in my early 40s? Crazy or actually doable?
Replies: 77
Views: 12897

Re: Retire in my early 40s? Crazy or actually doable?

Only I would worry about is the wife standing alone part. If she gets sick and can't work would you really hang her out to dry? And what does she feel about you retiring while she keeps working? But at a high level having 2.8 million and 50k/year of expense you are fine in just about any case. Get ...
by IMO
Fri Dec 08, 2017 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Active duty family allocation advice please
Replies: 6
Views: 926

Re: Active duty family allocation advice please

Tax Rate: 15% Federal, 5.1% State State of Residence: MA -considering changing residency. While our likelihood of ever getting stationed in TX or FL (or any of the recommended places) is slim, I am looking at CA because they apparently don't tax active duty who get stationed elsewhere and leave the...
by IMO
Fri Dec 08, 2017 3:10 pm
Forum: Personal Consumer Issues
Topic: Recommended places to live
Replies: 54
Views: 6646

Re: Recommended places to live

I'll tell you again: Outside Vancouver, BC, Canada. There are a couple of non-stops to Narita daily. Do you have any idea what the procedures would be for a US and Japanese citizen to move there? You need to look this up because Canada has a merit based system for citizenship. I don't think that do...
by IMO
Fri Dec 08, 2017 2:43 am
Forum: Personal Consumer Issues
Topic: Lowering My Grocery Bill
Replies: 110
Views: 8591

Re: Lowering My Grocery Bill

I suggest shopping for name brand products at Wal-Mart, online using their store pickup option. Then you drive to Wal-Mart and they load the groceries in your car. Grocery prices are the same as in-store and there is no pickup surcharge. Essentially, this allows you to get Wal-Mart pricing (which i...
by IMO
Fri Dec 08, 2017 2:20 am
Forum: Personal Consumer Issues
Topic: sharing cost of tree cutting
Replies: 31
Views: 2003

Re: sharing cost of tree cutting

Hi Bogleheads: My new neighbor has a swimming pool in their backyard near the border with my house. I have trees growing in my property but apparently, the leaves from my trees fall into his pool. He is asking me to prune my trees that overhang into his yard and he will split the cost. Prior neighb...
by IMO
Thu Dec 07, 2017 10:16 pm
Forum: Personal Consumer Issues
Topic: 4WD necessary/recommended on Big Island, HI
Replies: 39
Views: 3447

Re: 4WD necessary/recommended on Big Island, HI

Been a long time since we had been to big island. There is mention of the green sand beach that we did go and see. We had standard car that worked everywhere else we were on big island, and had parked and walked down to that beach. It was a long walk if I remember correctly, and some locals gave us ...
by IMO
Thu Dec 07, 2017 7:56 pm
Forum: Personal Consumer Issues
Topic: Recommended places to live
Replies: 54
Views: 6646

Re: Recommended places to live

Have you considered going back to Asia? Malaysia has good deals for expats wanting to live there. That does seem like an interesting thought for OP, aren't there places where one can live like a king comparable to the US? Seems would make travel back/forth to Japan much simpler. Absolutely no idea ...
by IMO
Thu Dec 07, 2017 2:35 am
Forum: Personal Consumer Issues
Topic: Recommended places to live
Replies: 54
Views: 6646

Re: Recommended places to live

I think it has something to do with winds from so many different areas blowing through here and definitely has something to do with all the dam dust everywhere and always flying around outside. I also think it might have something to do with the fact that it never gets cold enough to clean the air ...
by IMO
Wed Dec 06, 2017 11:38 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 293
Views: 25978

Re: Do people still use AAA?

Currently do still use AAA (and I can/do know how to change out a spare tire!). Few positives: 1. There is often a $5-10 discount for many hotels we use, so it does probably save a significant amount of the membership. 2. Services go with you vs. the specific car which is the problem with most insur...
by IMO
Wed Dec 06, 2017 11:14 pm
Forum: Personal Consumer Issues
Topic: Recommended places to live
Replies: 54
Views: 6646

Re: Recommended places to live

I want to live somewhere better for allergies and asthma and with more greenery and some scenery. It's the greenery that causes the allergies. If you're serious about the allergies, live in the desert. If you're serious about the greenery, you'll need to deal with the allergies. Whoever mentioned C...
by IMO
Wed Dec 06, 2017 10:44 pm
Forum: Personal Consumer Issues
Topic: I received a speeding ticket via mail from IA - should I pay it?
Replies: 72
Views: 7517

Re: I received a speeding ticket via mail from IA - should I pay it?

Here's a post that says it ended it hitting his credit score: https://www.autoblog.com/2013/04/15/red-light-camera-credit-score/ I know in some states these camera's were used a bit, but then for reasons unknown to me, they apparently ended up discontinuing the program. Have been hit by one, but pai...
by IMO
Wed Dec 06, 2017 12:44 am
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 14046

Re: After financial independence, do you lose motivation for work?

But I still think the greatest predictor of if someone wants to continue to work or not is how much control they perceive they have of their work environment. If you think you control things then assumably you set them up in a way you prefer so you should find your work environment more pleasant th...