Search found 123 matches

by TheCowbell
Wed Dec 02, 2020 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Windfall management - secrecy
Replies: 12
Views: 1466

Re: Windfall management - secrecy

Thanks for the useful advice. I didn't ask for relationship advice and am not in a position to offer it so I'd appreciate if folks could resist salacious comments. I thought the point was relevant as they are involved and live together, making the secrecy angle more complicated due to statements, et...
by TheCowbell
Wed Dec 02, 2020 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Windfall management - secrecy
Replies: 12
Views: 1466

Windfall management - secrecy

A good friend confided in me that she will be receiving a windfall (.5mm) soon. She is a 30's female, no kids, renting, relatively low income, no savings, minor cc debt. She is in a long-term but tumultuous relationship; her intention is marriage and one day kids but there have been dramatic 'moment...
by TheCowbell
Fri Nov 13, 2020 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Should I Purchase My Neighbor's Home?
Replies: 105
Views: 9917

Re: Should I Purchase My Neighbor's Home?

I see no value in doing the tear down if you're likely only holding onto it for under a year for mental health reasons. Presumably, post-covid sale price will be higher so you will likely net a small profit after taxes, especially if you structure your sale as "selling both, will separate"...
by TheCowbell
Fri Nov 13, 2020 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Aging parents - who pays for expenses related to medical care
Replies: 109
Views: 5550

Re: Aging parents - who pays for expenses related to medical care

Very disappointing to see this kind of ganging up on someone that obviously has a legitimate concern. Sorry OP, I understand the crux of your question but don't have any good advice because I'm not there yet. However, I am the only local child of several children that all live thousands of miles awa...
by TheCowbell
Fri Nov 13, 2020 9:37 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4077
Views: 321230

Re: Coronavirus and the market

I think the question is, aren't we in that rally right now? It doesn't compute, for me personally, that we'll continue to see explosive market growth from this point.

That said, I'm wrong far more than I'm right when I try to time the market, so we'll likely see explosive growth.
by TheCowbell
Wed Nov 11, 2020 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2020 software offer
Replies: 316
Views: 19963

Re: H&R Block 2020 software offer

I think HRB might be correct. Why no expenses for the other child? The $6000 limit just means you can't go up and up for addl dependents. HRB is not correct. Expenses per child is irrelevant. I literally included the verbiage from the IRS I'm not sure why this would even be in question. Are we talk...
by TheCowbell
Wed Nov 11, 2020 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2020 software offer
Replies: 316
Views: 19963

Re: H&R Block 2020 software offer

I think HRB might be correct. Why no expenses for the other child? The $6000 limit just means you can't go up and up for addl dependents. HRB is not correct. Expenses per child is irrelevant. I literally included the verbiage from the IRS I'm not sure why this would even be in question. Are we talk...
by TheCowbell
Wed Nov 11, 2020 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2020 software offer
Replies: 316
Views: 19963

Re: H&R Block 2020 software offer

montanagirl wrote: Wed Nov 11, 2020 11:42 am I think HRB might be correct. Why no expenses for the other child? The $6000 limit just means you can't go up and up for addl dependents.
HRB is not correct. Expenses per child is irrelevant. I literally included the verbiage from the IRS I'm not sure why this would even be in question.
by TheCowbell
Wed Nov 11, 2020 11:31 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2020 software offer
Replies: 316
Views: 19963

Re: H&R Block 2020 software offer

My wife, a CPA, swore to never again use H&R Block after discovering a substantial error that remains unfixed even though I tried my best to report it. The same situation was not an issue with TurboTax so that's what we use now. If you don’t mind sharing, what type of error did you experience? ...
by TheCowbell
Wed Nov 11, 2020 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Weird Home Buying Situation
Replies: 17
Views: 2227

Re: Weird Home Buying Situation

You owe the money legally and morally, regardless of their ineptitude.

That said, what's it like living in Alaska?? Does the approaching winter make you nervous at all?
by TheCowbell
Wed Nov 11, 2020 10:17 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2020 software offer
Replies: 316
Views: 19963

Re: H&R Block 2020 software offer

My wife, a CPA, swore to never again use H&R Block after discovering a substantial error that remains unfixed even though I tried my best to report it. The same situation was not an issue with TurboTax so that's what we use now.
by TheCowbell
Wed Nov 11, 2020 10:14 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 1324
Views: 174895

Re: How much money do you want to retire?

I thought that would be too complicated :) But yeah, one could probably go with $1.5 million or even $1.4 million assuming SOME growth. Just in the last week a classic balanced portfolio of $1.6 million is up right @ $100,000. It wouldn’t be outside the realm of possibilities to have a portfolio of...
by TheCowbell
Fri Oct 16, 2020 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: LLC basics - why bother, general guidelines?
Replies: 20
Views: 2037

Re: LLC basics - why bother, general guidelines?

Thank you to all that offered advice. I never really did my research on LLCs, and my primary reason was to have invoices that looked more professional than "Joe Cowbell". It's valuable to know that I don't have any real protection. I view getting an LLC in a similar vein to getting my umbr...
by TheCowbell
Tue Oct 13, 2020 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: LLC basics - why bother, general guidelines?
Replies: 20
Views: 2037

Re: LLC basics - why bother, general guidelines?

bsteiner wrote: Tue Oct 13, 2020 2:52 pm Were you able to find a sufficiently small county to set it up in so that the cost of publishing the notice didn't put you over $200?
You lost me - I used incfile, it was a painless process that cost about $200. No idea about publishing a notice.
by TheCowbell
Tue Oct 13, 2020 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: LLC basics - why bother, general guidelines?
Replies: 20
Views: 2037

LLC basics - why bother, general guidelines?

I have a small side hustle that I always ran as a DBA. For no particular reason beyond professionalism in invoices (branding) and some supposed amount of legal protection, I set up an LLC late last year in NYS. Total cost was about $200 or so. I set up a deposit savings account in the LLC's name and...
by TheCowbell
Mon Mar 02, 2020 4:37 pm
Forum: Investing - Theory, News & General
Topic: The Dark Side of "Stay the Course"
Replies: 202
Views: 16609

Re: The Dark Side of "Stay the Course"

I made two emotional AA-changing decisions in the last several years. Trump's election & Covid-19. Wrong on both counts. Luckily they were relatively small changes, but if I had stayed the course I'd be in better shape today, for sure. I need to take a breath and re-evaluate what my AA should tr...
by TheCowbell
Fri Feb 28, 2020 3:03 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4077
Views: 321230

Re: Coronavirus and the market

I sold 10% of my stocks to get me from 70/30 to 60/40 today. Probably catching a falling knife but something about this outbreak doesn't make sense to me... Fascinating how different people react to the situation. I bought $140,000 on the dip this morning, split between SCHC, VWO, and VEA. I have b...
by TheCowbell
Fri Feb 28, 2020 1:55 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4077
Views: 321230

Re: Coronavirus and the market

I sold 10% of my stocks to get me from 70/30 to 60/40 today. Probably catching a falling knife but something about this outbreak doesn't make sense to me... Fascinating how different people react to the situation. I bought $140,000 on the dip this morning, split between SCHC, VWO, and VEA. I have b...
by TheCowbell
Fri Feb 28, 2020 1:43 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4077
Views: 321230

Re: Coronavirus and the market

Unladen_Swallow wrote: Fri Feb 28, 2020 1:37 pm Absolutely nobody has said this was a bad cold. Nobody.
Except for .. the person that posted immediately before my last post.

There are plenty of people trying to pass this off as everything from a bad cold to the end times. It's somewhere in the middle, imo.
by TheCowbell
Fri Feb 28, 2020 1:16 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4077
Views: 321230

Re: Coronavirus and the market

I don't understand how this new virus is playing out. I hear "it's just a bad cold" and then you see these young, healthy doctors dropping dead from it. At the same time young children (under 9) present with so few symptoms (runny nose, slight cough) they are often not even diagnosed. It's...
by TheCowbell
Wed Feb 19, 2020 3:24 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 921
Views: 82892

Re: Talk me out of buying a Tesla Model 3

22k miles, not a single issue.

No idea what long range mode is. No such setting in the 3 that I'm aware of.
by TheCowbell
Fri Feb 14, 2020 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Minor's structured settlement check - utma/ugma/trust
Replies: 28
Views: 1300

Re: Minor's structured settlement check - utma/ugma/trust

To clarify, the check is made out to "John Cowbell Guardian of Daughter Cowbell". I just opened the UTMA account in both my and DD's name at Vanguard and will be mailing the check in to fund it. I'm sure you are aware and you've stated as much in your previous posts, Daughter Cowbell owns...
by TheCowbell
Fri Feb 14, 2020 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Minor's structured settlement check - utma/ugma/trust
Replies: 28
Views: 1300

Re: Minor's structured settlement check - utma/ugma/trust

To clarify, the check is made out to "John Cowbell Guardian of Daughter Cowbell". I just opened the UTMA account in both my and DD's name at Vanguard and will be mailing the check in to fund it.
by TheCowbell
Fri Feb 14, 2020 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Minor's structured settlement check - utma/ugma/trust
Replies: 28
Views: 1300

Re: Minor's structured settlement check - utma/ugma/trust

Has anything changed since your last series of posts on this? If you can legally deposit the checks in UTMA, that would likely be the easiest. If Vanguard requires a letter of guardianship, you would then need an attorney and to go to court. Your local probate court website should tell you what dol...
by TheCowbell
Fri Feb 14, 2020 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Minor's structured settlement check - utma/ugma/trust
Replies: 28
Views: 1300

Re: Minor's structured settlement check - utma/ugma/trust

Has anything changed since your last series of posts on this? If you can legally deposit the checks in UTMA, that would likely be the easiest. If Vanguard requires a letter of guardianship, you would then need an attorney and to go to court. Your local probate court website should tell you what dol...
by TheCowbell
Thu Feb 13, 2020 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Minor's structured settlement check - utma/ugma/trust
Replies: 28
Views: 1300

Re: Minor's structured settlement check - utma/ugma/trust

Does she know about these payments? Do you discuss finances in general with her? Does she need these payments due to ongoing healthcare needs, possible/probable reduced future income, housing/transportation modifications needed, etc.? Do you have any kind of feel for how common-sense she will be? (...
by TheCowbell
Thu Feb 13, 2020 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Minor's structured settlement check - utma/ugma/trust
Replies: 28
Views: 1300

Re: Minor's structured settlement check - utma/ugma/trust

emilyinsf wrote: Thu Feb 13, 2020 5:52 pm What state is this in?
NY
by TheCowbell
Thu Feb 13, 2020 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Minor's structured settlement check - utma/ugma/trust
Replies: 28
Views: 1300

Re: Minor's structured settlement check - utma/ugma/trust

She knows of the payments but not amounts. I think she's too young to really go in depth about amounts but will likely do so when she is 15 or 16. The structured settlement payments will total around 30k by the time she's 18. Another 100k arrives at 22. She doesn't need anything, the injury was pure...
by TheCowbell
Thu Feb 13, 2020 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Minor's structured settlement check - utma/ugma/trust
Replies: 28
Views: 1300

Minor's structured settlement check - utma/ugma/trust

My DD is 13 and received a small-5-digit settlement check as the first of several larger payouts that will arrive over the years. I was given some advice to put this money into a trust, however after a lengthy conversation with a Vanguard rep it seems I'll need to involve lawyers and possibly an est...
by TheCowbell
Wed Jan 15, 2020 7:17 pm
Forum: Personal Consumer Issues
Topic: strong role model books for 8 YO girl
Replies: 53
Views: 3519

Re: strong role model books for 8 YO girl

My girls loved Harry Potter, and I loved reading the books with them and then visiting Universal Studios, it was a real treat experiencing that theme park after having read the books. They are now reading the "Land of Stories" book series and are very much enthralled by it. I very much agr...
by TheCowbell
Wed Jan 15, 2020 7:12 pm
Forum: Personal Consumer Issues
Topic: Accurate heart rate monitor wearable recommendation?
Replies: 11
Views: 973

Re: Accurate heart rate monitor wearable recommendation?

You want an Apple Watch 4 or 5. Those have the new ecg-capable sensor. It's actually a pretty amazing little device.
by TheCowbell
Tue Jan 14, 2020 5:46 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 921
Views: 82892

Re: Talk me out of buying a Tesla Model 3

I wonder how that works from the eyes of a criminal or a beggar. If you’re getting gas, I have about 2 minutes to hit you up for money. If you’re at a charger, I have 20-30 minutes to size you up and work you over. You typically aren't standing at 'the nozzle' when at a supercharger, you're in your...
by TheCowbell
Tue Jan 14, 2020 4:27 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 921
Views: 82892

Re: Talk me out of buying a Tesla Model 3

Do people who have two Teslas have two chargers in their garage? Does the house have to be updated with a special electric panel to support two Tesla home chargers? We don’t have 2 Teslas (yet), but except in rare circumstances, I wouldn’t expect to have to charge daily, so I think my wife and I co...
by TheCowbell
Tue Jan 14, 2020 2:29 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 921
Views: 82892

Re: Talk me out of buying a Tesla Model 3

Do people who have two Teslas have two chargers in their garage? Does the house have to be updated with a special electric panel to support two Tesla home chargers? You can share chargers (I charge mine every few days) or put in a 2nd charger and if it's Tesla's chargers they load balance; ie if yo...
by TheCowbell
Tue Jan 14, 2020 2:03 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 921
Views: 82892

Re: Talk me out of buying a Tesla Model 3

I wonder how that works from the eyes of a criminal or a beggar. If you’re getting gas, I have about 2 minutes to hit you up for money. If you’re at a charger, I have 20-30 minutes to size you up and work you over. You typically aren't standing at 'the nozzle' when at a supercharger, you're in your...
by TheCowbell
Tue Jan 14, 2020 1:28 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 921
Views: 82892

Re: Talk me out of buying a Tesla Model 3

Some interesting perspectives! I've owned a Model 3 for 18 months and can say the experience has been so positively disruptive to me that I've decided to dump our 2nd (ice) car in favor of another Tesla; I never expected to be so pleased with a vehicle, to be making financially dubious decisions lik...
by TheCowbell
Sat Dec 21, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Minor's settlement payments starting to come in - where to put them?
Replies: 22
Views: 1828

Re: Minor's settlement payments starting to come in - where to put them?

I want to do what's best for her, protect and grow the settlement until she's old enough to use it wisely, and at the same time protect it from herself when she is old enough to learn about the details of her settlement . Having had the experience of raising two already grown up, well adjusted, and...
by TheCowbell
Sat Dec 21, 2019 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Minor's settlement payments starting to come in - where to put them?
Replies: 22
Views: 1828

Re: Minor's settlement payments starting to come in - where to put them?

Thank you for the advice. I will set up a trust for her as well as look into being the custodian as suggested.

Would be interested in hearing any opinions on using the funds for her education, graduate or post-grad.
by TheCowbell
Fri Dec 20, 2019 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Minor's settlement payments starting to come in - where to put them?
Replies: 22
Views: 1828

Minor's settlement payments starting to come in - where to put them?

My DD was badly injured 10 years ago due to the negligence of a daycare center. Shortly after, a reasonably sized structured settlement was obtained, and a few weeks ago when she turned 13 the first check arrived. Ten years ago we chose 13 as the age to receive the first portion of the settlement un...
by TheCowbell
Sat Nov 02, 2019 9:14 pm
Forum: Personal Consumer Issues
Topic: Alternative to Spectrum Cable Internet
Replies: 24
Views: 1755

Re: Alternative to Spectrum Cable Internet

I'm also being extorted by Spectrum. No alternatives for me, I don't even have a copper POTS line anymore. For those that cancel and re-sub with Spectrum can you offer any advice? Do you cancel on a Tuesday and sign up again on Wednesday? Do you have to time your cancellation to line up with your bi...
by TheCowbell
Sat Nov 02, 2019 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Car rental insurance experiences
Replies: 31
Views: 3311

Car rental insurance experiences

I never take any additional insurance offered when renting a car. I have a credit card with coverage and traditional auto insurance. Over the years I've experienced varying responses from agents when I decline, from 'meh' to outright calling me an idiot for my foolish financial decisions in life. Is...
by TheCowbell
Sun Apr 28, 2019 10:46 pm
Forum: Personal Consumer Issues
Topic: Umbrella insurance needed on secondary residence?
Replies: 12
Views: 1036

Re: Umbrella insurance needed on secondary residence?

Has anyone ever used their umbrella, or heard of someone that has? I have one because for $180 per year it seems like a "why not" CYA expense. But, I do wonder if it's a foolish purchase every year, and a major cash-grab by insurance companies. In the above skiing example, would it even pa...
by TheCowbell
Mon Apr 22, 2019 10:56 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 Owners: Your experience so far
Replies: 80
Views: 13406

Re: Tesla Model 3 Owners: Your experience so far

This is an older thread but I spent 45 minutes reading through 7 pages of "Talk me out of buying a Model 3" thread and I had to add my .02c: I bought mine in September '18 and it's been life changing. I initiate AP whenever I need a 'moment' - whether in traffic or at cruising speed, being...
by TheCowbell
Mon Apr 22, 2019 6:43 pm
Forum: Personal Consumer Issues
Topic: Can one own a Porsche 911 that is not a money pit?
Replies: 79
Views: 11831

Re: Can one own a Porsche 911 that is not a money pit?

I currently own 4 Porsches, and sold a 1973 911S that I owned for 19 years. I paid $12K for the '73 and it ultimately sold at Gooding for $198K in 2013 ( https://www.youtube.com/watch?v=MCrVjzJ3C2s ). Very curious—how much did the auction house take and how much did you spend maintaining that car? ...
by TheCowbell
Mon Apr 22, 2019 6:40 pm
Forum: Personal Consumer Issues
Topic: Can one own a Porsche 911 that is not a money pit?
Replies: 79
Views: 11831

Re: Can one own a Porsche 911 that is not a money pit?

My concern is that things can happen and you will be out of money. For example, I had a 5 year old car that I was planning to keep for a good 10 years but one day driving home traffic on the highway suddenly stopped and the guy behind me (I think he merged over when we had briefly picked up speed a...
by TheCowbell
Mon Apr 22, 2019 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: New car loan - Interest rate
Replies: 32
Views: 4718

Re: New car loan - Interest rate

Check your local credit unions - on a whim I called a local one and got 1.99% for 48 months. Refinanced my newly purchased Tesla from a few months ago and was still able to get the 'new car' rate as it was a 2018 w/under 10k miles.
by TheCowbell
Mon Apr 08, 2019 9:15 am
Forum: Personal Investments
Topic: Bug in H&R Block tax software calculation - any way to notify them?
Replies: 10
Views: 1099

Re: Bug in H&R Block tax software calculation - any way to notify them?

O.k. While you are reviewing the returns, do check your state credit if any. Some states give DCC based on a % of the federal DCC. Excellent advice thank you, will make sure she double-checks state credit calcs. I think I'm going to just spring for the TurboTax download for $50 just so we can do a ...
by TheCowbell
Mon Apr 08, 2019 8:56 am
Forum: Personal Investments
Topic: Bug in H&R Block tax software calculation - any way to notify them?
Replies: 10
Views: 1099

Re: Bug in H&R Block tax software calculation - any way to notify them?

HueyLD wrote: Mon Apr 08, 2019 8:34 am Is child B a qualifying child for DCC? For example, under the age of 13, etc.?
Yes.

Child A: 5
Child B: 4
by TheCowbell
Mon Apr 08, 2019 7:31 am
Forum: Personal Investments
Topic: Bug in H&R Block tax software calculation - any way to notify them?
Replies: 10
Views: 1099

Re: Bug in H&R Block tax software calculation - any way to notify them?

We are all set, my CPA SO found the issue and is just redoing that form by hand.

My concern is about the thousands of disadvantaged families that are losing $600 and may never know it.
by TheCowbell
Mon Apr 08, 2019 7:03 am
Forum: Personal Investments
Topic: Bug in H&R Block tax software calculation - any way to notify them?
Replies: 10
Views: 1099

Re: Bug in H&R Block tax software calculation - any way to notify them?

I have downloaded the latest updates. Calling them is an exercise in futility, as expected at this time of year. You either came get a human or you get someone rained too follow a script with no real escalation option. I'm afraid a lot of people will get shortchanged this year, and for to the nature...