Search found 171 matches

by Point
Wed Oct 09, 2019 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Controlling Discretionary Spending
Replies: 44
Views: 3115

Re: Controlling Discretionary Spending

Use cash. That’s all it takes. Pull out $200 (pick a number) a week from your atm. Use cash for discretionary purchases. When your out. You’re out! If you _have_ to use a credit card, take the cash to cover the credit purchase and seal it in an envelope. Don’t open until you recover the credit purch...
by Point
Wed Sep 25, 2019 2:10 pm
Forum: Investing - Theory, News & General
Topic: Success without 401k or Stocks?
Replies: 51
Views: 3949

Re: Success without 401k or Stocks?

Well, I've been there where you are, then I changed my tune at age 27. At 64, I'm in great financial shape, retired, set for life.

My suggestion: you take half your assets, open a vanguard account, and use the 3 fund strategy.

Come back in 5 years and see which process is working best for you.
by Point
Wed Sep 25, 2019 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Solar panel advice & experiences
Replies: 64
Views: 2991

Re: Solar panel advice & experiences

That payoff period is way too long. Are you financing the cost? Are you buying outright? Are you using electrical contractor or just using one of the solar companies? Solar companies do everything they can to get you to lease or finance purchase thru them. That drives up cost. They show you a return...
by Point
Sun Sep 22, 2019 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Help me prepare to help mother-in-law
Replies: 53
Views: 4767

Re: Help me prepare to help mother-in-law

Do you have siblings? If so, how will they engage? Comments from the sidelines? Borrowing money that doesn’t get paid back? Helping out with errands, shopping, pills and bills? How does she give her money away, formally and informally? Where is the leakage? What assets does she have? Which does she ...
by Point
Fri Sep 20, 2019 11:27 pm
Forum: Personal Consumer Issues
Topic: How hard is it to get into college?
Replies: 167
Views: 10789

Re: How hard is it to get into college?

With her grades she will be accepted at most colleges. Start giving some thought to what her interests are and what she might major in. Recognize that this could change over time. And also that it may take a while to decide on a major. Community colleges are often better for students because they ca...
by Point
Thu Sep 19, 2019 11:20 pm
Forum: Personal Consumer Issues
Topic: moving retired/elderly parents to soCal? sane or insane?
Replies: 29
Views: 2503

Re: moving retired/elderly parents to soCal? sane or insane?

There are very few counties in CA that will allow MediCal to pay for assisted living. AL costs are high in CA. Will the VA pay for them? Given their status, it sounds like a definite future cost. He would need to burn through all but 2K of his assets to get any assistance. Do either of them have LT ...
by Point
Mon Sep 16, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Live in MA, Need 2.5 years health insurance until Medicare
Replies: 38
Views: 2525

Re: Live in MA, Need 2.5 years health insurance until Medicare

Have you considered moving to a lower cost area or state with the coverage you need? Or, buying an RV and registering it in a state with lower costs and the coverage you need. Then touring 7 months of the year while renting out your house?

Just a little out of the box thinking...
by Point
Sun Aug 25, 2019 2:56 pm
Forum: Personal Consumer Issues
Topic: The cost to talk to a doctor
Replies: 151
Views: 9871

Re: The cost to talk to a doctor

Our plan has a Teledoc which is free, and email which is free. We are in an HMO. 30 years plus of use and it’s been great.
by Point
Fri Aug 16, 2019 9:50 am
Forum: Personal Consumer Issues
Topic: Neighbor's FIOS cable running over my yard
Replies: 52
Views: 7036

Re: Neighbor's FIOS cable running over my yard

If they do have an easement and it broadly allows them to use the air space, I’m sure they’ll want to relocate it if your equipment keeps breaking it when you access your property. Particularly if your neighbor has phone service since they are required to keep that service up.
by Point
Wed Aug 14, 2019 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Provider choosing to bill as out of network
Replies: 43
Views: 3732

Re: Provider choosing to bill as out of network

Seems to me you’d want to talk with your insurance provider and verify this is appropriate. They are backing your financial exposure.
by Point
Sun Aug 11, 2019 2:01 pm
Forum: Personal Consumer Issues
Topic: How do you afford to travel?
Replies: 116
Views: 16472

Re: How do you afford to travel?

Last year we travelled around with our airstream and spent 75 nights away. This year it will be about the same. There’s an upfront capital cost for the truck and airstream, but nights away are very low cost. We take our dogs with us and just enjoy beaches, mountains, state parks, rivers and lakes. I...
by Point
Wed Aug 07, 2019 5:50 pm
Forum: Personal Consumer Issues
Topic: wifi router, too many options!
Replies: 41
Views: 3030

Re: wifi router, too many options!

We went with Netgear Orbi mesh routers- a set of 3. Install was pretty smooth and performance is off the charts. Management tools are great! Covers large area just fine.
by Point
Thu Aug 01, 2019 8:55 am
Forum: Investing - Theory, News & General
Topic: Optimized Roth Conversion Model
Replies: 39
Views: 4974

Re: Optimized Roth Conversion Model

It also seems like you’ll be paying the increased Medicare cost with the increase in income from the Roth conversion. This will add up for two people over multiple years. Another factor to consider are LTC costs. If LTC is considered medically necessary, then RMDs are non taxable to the extent the i...
by Point
Sun Jul 28, 2019 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care Decision
Replies: 330
Views: 16487

Re: Long-Term Care Decision

Assuming the premium is annual, it’s not bad. Something to take into account is family history- if parents had issues, needed help, or extended period help, leaning towards funding LTC this way is a good plan when resources can’t cover it. Be aware of the limitations too. Number of ADLs required, ex...
by Point
Sat Jul 27, 2019 2:29 pm
Forum: Personal Consumer Issues
Topic: RESOLVED: Non-lethal alternatives to firearms to defend against home invasions in Florida
Replies: 113
Views: 6941

Re: Non-lethal alternatives to firearms to defend against home invasions in Florida

Put a sign up “warning- my neighbor is armed”

Seriously, maybe it’s time to take a shooting course from a reputable trainer and decide afterwards. If you believe your life is threatened it’s hard to defend yourself against an armed intruder without being armed.
by Point
Fri Jul 26, 2019 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: PPO vs HMO
Replies: 18
Views: 1576

Re: PPO vs HMO

I’ve had great service and care from my HMO for 35 years. The PCP is dynamite. I see her one or two times a year. I also am able to reach her via the online function via MyChart. Their urgent care is quite good as well. I’ve had melanoma and get screenings 2x a year. I’ve seen specialists for back, ...
by Point
Tue Jul 23, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Family Fraud
Replies: 45
Views: 5164

Re: Family Fraud

Know that the bad sibling’s behavior won’t stop, and your mom will continue to try and enable him. Given this, set up boundaries, walls and systems. Make checks and plastic inaccessible, limit dollars in checking account and make savings inaccessible via ATM card. Recognize that your mom can still g...
by Point
Mon Jul 22, 2019 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes?
Replies: 85
Views: 9581

Re: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes

Multiple sources: defined benefit, 401k, 403b, Roth, SocSec, taxable investments, savings. One of us stayed in public sector: health care.

The idea was one or two could fail and we’d be ok.
by Point
Mon Jul 22, 2019 1:55 pm
Forum: Personal Consumer Issues
Topic: Will Tall Fence Lessen Neighboring Dog Bark Noise?
Replies: 54
Views: 3275

Re: Will Tall Fence Lessen Neighboring Dog Bark Noise?

You’re trying to solve a people problem. Talk to the owners, get to know them. Many dogs are not well behaved because the owners don’t know how to train them, or don’t care. If the owners care about you they may rectify the situation. I’ve put my dogs on a sit stay in front of many poorly behaved do...
by Point
Fri Jul 19, 2019 9:22 am
Forum: Personal Consumer Issues
Topic: Do you buy cellphone outright or pay over 2 years?
Replies: 129
Views: 9123

Re: Do you buy cellphone outright or pay over 2 years?

I’ve done it both ways. If the payment locks me into a plan I avoid it. If it locks me into options of warranty and insurance I wouldn’t buy outright, I avoid it. Moving forward what I did is just set aside money for replacement and use that instead. It helps getting family members to see the cost o...
by Point
Thu Jul 18, 2019 1:43 pm
Forum: Personal Investments
Topic: Just sat through a wealth-management sales pitch.
Replies: 96
Views: 10533

Re: Just sat through a wealth-management sales pitch.

Perfect! "I've got $2.5M that I pay $486.36 a year all in for fees. You're proposing 1% plus ERs. Let's say 0.1% ER average. So for the $27,500.....or more than I plan to pay for a new car....what do you think you can do to make up that fee and then do better than my 3 fund?". And next, "If you real...
by Point
Thu Jul 18, 2019 8:51 am
Forum: Personal Consumer Issues
Topic: Apple Watch Worth The $$$?
Replies: 41
Views: 4022

Re: Apple Watch Worth The $$$?

Another reason I like the watch is traffic: hey Siri, how long will it take me to get home? To xyz...

The level of integration and ease of access is hard to appreciate till you have it for a couple of weeks.
by Point
Wed Jul 17, 2019 3:07 pm
Forum: Personal Consumer Issues
Topic: Apple Watch Worth The $$$?
Replies: 41
Views: 4022

Re: Apple Watch Worth The $$$?

Mine works like a charm. Bike rides recorded, HR tracked, maps of route produced with coloring for speed. Tracked steps, swims, elliptical workouts etc. Handles abuse, chainsaw and tree work, showering... Let’s me compete with other users to encourage me to stay on the workout path. Phone function v...
by Point
Sun Jul 14, 2019 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Financing my daughter's college with my 401K
Replies: 60
Views: 4075

Re: Financing my daughter's college with my 401K

You won’t be helping either your child or yourself going into more debt. Why not community college and transfer to a local state college? Live at home, work. Exit college with no debt. Then they can work at a company which will help cover graduate degree. Needs vs wants... Also, give some considerat...
by Point
Sat Jul 13, 2019 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating on an RV
Replies: 37
Views: 2455

Re: Negotiating on an RV

Time of year is the best lever you have to purchase. If you can buy in January it’s best, as long as you have a solid dealer and a warranty for the systems. It’s hard to test A/C in January. We purchased a year ago January, negotiating over internet and drove two days to pick it up. Great price, new...
by Point
Thu Jul 11, 2019 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: A good name for a donor advised fund
Replies: 25
Views: 1994

Re: A good name for a donor advised fund

“Curious: Does one actually need to create a legal Trust to name something the "XYZ Trust”

I doubt it. The Clinton Foundation is not a foundation. Why should the name of something ending in trust have to be a trust?
by Point
Sat Jul 06, 2019 1:27 pm
Forum: Personal Consumer Issues
Topic: bike for 79 year old man
Replies: 26
Views: 2409

Re: bike for 79 year old man

I’d look at a step through with battery assist. Love mine!

https://www.radpowerbikes.com/products/ ... -step-thru
by Point
Wed Jul 03, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Adult son has not controlled credit card overuse!
Replies: 106
Views: 6853

Re: Adult son has not controlled credit card overuse!

He can cut up the cards. He can put them in a Tupperware container of water in the freezer. Free choice. Adult... Basic rules: Stay away from the shiny stuff Don’t use a cart when shopping, buy only what you can carry Don’t shop with friends who love to help you spend your money Sell all new cars Do...
by Point
Tue Jul 02, 2019 8:34 am
Forum: Personal Consumer Issues
Topic: 2019 Subaru Forester Eyesight System?
Replies: 101
Views: 5934

Re: 2019 Subaru Forester Eyesight System?

We are very pleased with the eyesight system in our Outback. It’s a fantastic overlay to our already great driving habits. And since we aren’t getting any younger, we don’t expect our driving skills will improve either so the overlay is welcome. On two occasions it has prevented a rear end situation...
by Point
Wed Jun 26, 2019 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody else unable to afford a home/have six figure income?
Replies: 60
Views: 7507

Re: Anybody else unable to afford a home/have six figure income?

Owning a home for us was like anything else- figuring out the process. We were married in the early 80’s and we still live in California. We were at that time in a high cost area and still are. We did a lot of very serious lifestyle changes, eliminated all personal debt, and spent only on needs, not...
by Point
Mon Jun 24, 2019 12:25 pm
Forum: Personal Consumer Issues
Topic: hybrid or plug-in electric car
Replies: 106
Views: 9555

Re: hybrid or plug-in electric car

With budget in mind, and assuming that consuming new products has a negative carbon effect, I used a carbon calculator to see what the cost is at your $5/Ton offset. A 2014 Honda Pilot driven in the city for 12000/year produces less than 6 tons of emissions. Annual rain forest investment for an indi...
by Point
Sun Jun 23, 2019 11:48 pm
Forum: Personal Consumer Issues
Topic: hybrid or plug-in electric car
Replies: 106
Views: 9555

Re: hybrid or plug-in electric car

A contrarian idea: keep your current depreciated car and buy carbon credits to offset the carbon you produce. Invest the rest.

You’ll be carbon neutral and significantly ahead monetarily. Not to mention having less carbon impact by reducing new consumption.
by Point
Fri Jun 21, 2019 8:47 pm
Forum: Personal Investments
Topic: How did you overcome your fear of investing?
Replies: 33
Views: 2697

Re: How did you overcome your fear of investing?

When I started it was with stocks, not indexes, but the same solution applies. I modeled several portfolios in yahoo finance and followed them for a couple of years. Over that time I read up on companies and stocks and learned how to invest, and how to follow all the company news daily. That informe...
by Point
Wed Jun 19, 2019 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: How to ensure POA is acting in best interest of grantor?
Replies: 65
Views: 4216

Re: How to ensure POA is acting in best interest of grantor?

Been through this with dementia leading to Alzheimer’s. My brother would ask and be given money by mother. However, we did the books and trapped out most of it. Be aware that banks don’t generally accept a POA, they have their own forms. If mother is incompetent, it may take a court order to change ...
by Point
Tue Jun 18, 2019 8:26 am
Forum: Personal Consumer Issues
Topic: IPhone 6 - showing some age
Replies: 98
Views: 9869

Re: IPhone 6 - showing some age

A few things to try: - turn off WiFi when not using it - look at battery usage in settings - is one app draining a lot of power? If so, try killing app when not in use - do a restart of iPhone - kill apps when not using them Try these tests independently so you can see if it made a difference. Test ...
by Point
Mon Jun 17, 2019 4:29 pm
Forum: Personal Consumer Issues
Topic: how is Home Depot's contractor service (for a water heater)?
Replies: 53
Views: 4697

Re: how is Home Depot's contractor service (for a water heater)?

I would measure the overall dimensions of the existing heater and the doorway to it. Providing the new one fits those constraints, I’d feel comfortable with HD.
by Point
Mon Jun 17, 2019 4:20 pm
Forum: Personal Consumer Issues
Topic: Are you a member of nextdoor.com? Any concerns registering your info?
Replies: 71
Views: 6484

Re: Are you a member of nextdoor.com? Any concerns registering your info?

I’ve been on it since inception. No issues. But I find that people over share. They post requests for baby sitters with dates and times, house sitters, dog sitters, and party assistance. All of these are possible events that criminals watch for. And when I remind people of this, it falls on deaf ear...
by Point
Mon Jun 17, 2019 4:16 pm
Forum: Personal Consumer Issues
Topic: My Cost of Progressive Lenses/glasses - did I pay too much?
Replies: 69
Views: 4686

Re: My Cost of Progressive Lenses/glasses - did I pay too much?

I got the same thing at Costco for around 70. And a second pair for around 170. Quite happy with them.
by Point
Fri Jun 07, 2019 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Questions for account executives and sales people?
Replies: 17
Views: 1343

Re: Questions for account executives and sales people?

I was quite successful in sales in the high tech industry. The money was there, but you have to be able to adjust to change... every year. Management always changes the game, incentives, quota, territories, and more. And with all that, you have to be able to meet your number and grow your business. ...
by Point
Tue May 21, 2019 2:38 pm
Forum: Personal Investments
Topic: Is an emergency just mental accounting?
Replies: 70
Views: 6008

Re: Is an emergency just mental accounting?

Yes it is mental accounting. It’s important to use friction to your advantage and that’s what calling these funds “emergency” does. Many times we see money as fungible, to our own detriment. Categorizing these as emergency both helps us realize that we must anticipate, size, and allocate for the ext...
by Point
Wed May 01, 2019 8:43 am
Forum: Personal Finance (Not Investing)
Topic: My solar investment experience
Replies: 100
Views: 9950

Re: My solar investment experience

I think every location is different. Solar output, electric provider rate plans, etc. We put in solar several years ago. Our electricity cost went from 350/month to 11/month for SCE grid connection. Net installation cost was about 15K. Less than 4 years to recover that in monthly fees saved, and no ...
by Point
Mon Apr 29, 2019 8:52 am
Forum: Personal Consumer Issues
Topic: Fencing
Replies: 8
Views: 1220

Re: Fencing

You will want to take a close look for survey boundary markers to show you where property lines are located. If you can’t find them you may want to have a survey done.
by Point
Fri Apr 26, 2019 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: 10 minutes worth $300K?
Replies: 61
Views: 8998

Re: 10 minutes worth $300K?

I spent far more time driving each day. 4-7 hours a day.Enjoyed my audio books. Still do.
by Point
Fri Apr 19, 2019 10:29 am
Forum: Personal Finance (Not Investing)
Topic: New job offer, pension vs diy retirement
Replies: 17
Views: 1269

Re: New job offer, pension vs diy retirement

I took the job and did both ;-) worked out well. Allowed me to control my future as pension did not- vesting, idiot bosses, underfunding.... And I invested on the side. Multiple sources, better outcomes.
by Point
Wed Apr 17, 2019 10:44 pm
Forum: Personal Consumer Issues
Topic: Bogleheads privacy warning
Replies: 61
Views: 5836

Re: Bogleheads privacy warning

Not only is everything indexed by google, but your postings and search stuff are stored and resolved by IP address. I think these folks resolve by getting access to DNS or service providers. It all gets tied together more than you think. This became obvious this week when google used the occasion to...
by Point
Tue Apr 16, 2019 6:24 pm
Forum: Personal Consumer Issues
Topic: Migrating to better weather in retirement -- rent a timeshare or buy a vacation home?
Replies: 21
Views: 2198

Re: Migrating to better weather in retirement -- rent a timeshare or buy a vacation home?

We really enjoy our 27’ Airstream Flying Cloud. We can go anywhere in the 49 states. We take our 3 dogs with us. We have a full kitchen, bath etc. and we sleep in our own bed. We never thought we would be doing this, but we really enjoy it.
by Point
Tue Apr 16, 2019 6:18 pm
Forum: Personal Consumer Issues
Topic: Considering an e bike or conversion kit
Replies: 20
Views: 1221

Re: Considering an e bike or conversion kit

Very pleased with my RadPower bike. It is great up hills, down, on streets and bike paths. Lighting is great. Rides smooth. I’ve climbed some serious mountains with it too. Pricing is great. It is well built and easy to do the final assembly out of the box.

https://www.radpowerbikes.com/
by Point
Tue Apr 09, 2019 9:24 am
Forum: Personal Consumer Issues
Topic: Robot vacuum cleaner - need recommendation
Replies: 13
Views: 1135

Re: Robot vacuum cleaner - need recommendation

We’ve had success for years with two roombas- one upstairs,’one down. Bought at Costco. We also use a cordless shopvac (Milwaukee) to get edges as necessary. Three dogs- makes a huge difference. Run them daily.
by Point
Thu Apr 04, 2019 3:11 pm
Forum: Investing - Theory, News & General
Topic: Are annuities the best way to fund one's retirement?
Replies: 190
Views: 11361

Re: Are annuities the best way to fund one's retirement?

Over 35 years ago, upon hearing the definition of DB vs DC, I stayed with a DB program until vested but always did the full contribution to a DC and invested significant funds on the side as well. I retired at age 56 and haven’t looked back.

My perspective: never leave your future up to someone else.