Search found 45 matches

by orangeandwhite
Mon Feb 24, 2020 1:54 pm
Forum: Personal Consumer Issues
Topic: Assuming you were going to buy a cargo van (new vs carmax)...
Replies: 43
Views: 2366

Re: Assuming you were going to buy a cargo van (new vs carmax)...

Not sure why this is framed as "new vs carmax"... If you are okay with buying an ex-rental, have you considered buying directly from the rental car company? Hertz has a program where you can rent a vehicle for a few days and get it inspected; if you like it and decide to buy it, the rental is free. ...
by orangeandwhite
Sun Feb 16, 2020 10:06 pm
Forum: Personal Consumer Issues
Topic: Visiting NYC with a family - logistics?
Replies: 29
Views: 1996

Re: Visiting NYC with a family - logistics?

We will probably use companion-fare tickets to fly on Alaska Airlines which has direct flights from PDX to BOTH Newark and JFK but no flights to LaGuardia. Price seems about the same. Why is JFK preferred over Newark for flights into NYC, especially if the return from PA will be direct to the airpo...
by orangeandwhite
Sun Feb 16, 2020 4:42 pm
Forum: Personal Consumer Issues
Topic: Visiting NYC with a family - logistics?
Replies: 29
Views: 1996

Re: Visiting NYC with a family - logistics?

3. I'm assuming most local course of action would be to use cabs or Uber for the trip from JFK into Manhattan and then public transit for the time in NYC. Then rent a car somewhere in Manhattan for our departure to PA with the intent on returning it to the rental car return at JFK. Any different su...
by orangeandwhite
Fri Feb 14, 2020 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Claimimg plug-in electric vehicle tax credit
Replies: 17
Views: 1104

Re: Claimimg plug-in electric vehicle tax credit

In July I bought a 2020 Prius Prime Plug-In Hybrid. Toyota, both then and now, claims it qualifies for up to a $4,500 tax credit. ( https://www.toyota.com/priusprime/calculator/ I'm filling my taxes using H&R Block online. For one, it lists model years in a drop down and 2020 isn't an option. More ...
by orangeandwhite
Mon Feb 10, 2020 5:11 pm
Forum: Personal Consumer Issues
Topic: Chrysler Pacifica?
Replies: 33
Views: 2172

Re: Chrysler Pacifica?

Chrysler just announced that it's 2021 Pacifica will come in AWD which adds it to a possibility for my next vehicle. I worry about longevity though - I'm used to buying Hondas/Subarus and keeping them for 10+ years/200,000+ miles with minimal repairs. Has anyone had a Chrysler last for a long time?...
by orangeandwhite
Fri Feb 07, 2020 7:22 pm
Forum: Personal Investments
Topic: Church Plan Pensions
Replies: 5
Views: 576

Re: Church Plan Pensions

The thing with “church plans” is that you basically are outside the realm of governmental regulation - they don’t have to fund the plan to any particular level, they don’t have to make any particular disclosures to you, and there is no governmental insurance. It is just a straight-up promise to pay ...
by orangeandwhite
Sat Jan 25, 2020 10:40 pm
Forum: Personal Investments
Topic: SS and Pension. And the pros/cons for including in my AA.
Replies: 46
Views: 2974

Re: SS and Pension. And the pros/cons for including in my AA.

What you say is accurate but most people don't live their lives and make their investment choices based on a balance sheet or generally accepted accounting principles. Sure, go ahead and count your future labor: are you going to then discount it for being unemployed, or underemployed, or disabled? ...
by orangeandwhite
Sat Jan 25, 2020 10:26 pm
Forum: Personal Investments
Topic: SS and Pension. And the pros/cons for including in my AA.
Replies: 46
Views: 2974

Re: SS and Pension. And the pros/cons for including in my AA.

It's 100+ year old blueblood MegaCorp, single employer pension. That is to say, on the scale of risk of blowing up/haircuts, it is about as low as such pensions go. Pensions are safe but not because the company is a blue chip. After all LEH was founded in 1850 and it went bust after a few years of ...
by orangeandwhite
Thu Jan 23, 2020 9:02 am
Forum: Personal Investments
Topic: SS and Pension. And the pros/cons for including in my AA.
Replies: 46
Views: 2974

Re: SS and Pension. And the pros/cons for including in my AA.

You should only put in your AA investments with which you will rebalance. I don’t rebalance with SS or pension. I also do not maintain an allocation to cash through rebalancing. Therefore, none of these are in my AA. But then, I calculate my AA to determine when and how to rebalance, not to stare a...
by orangeandwhite
Sun Jan 12, 2020 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 353
Views: 29413

Re: Do you plan to actually spend down your portfolio?

Friends ex-wife. 590k at 47. 50 k on cars 40 k on down payment on house for her kid pre-crash, gave house back to bank after crash because it went down 40% in value. 40 k for furniture for above house 60 k down on vacation house that (thankfully) appreciated 140 k in two years. 15 k furnishing for ...
by orangeandwhite
Sun Dec 29, 2019 11:17 am
Forum: Personal Consumer Issues
Topic: Census "American Community Survey"??
Replies: 12
Views: 1092

Re: Census "American Community Survey"??

The ACS is used heavily in the economics and public policy space. You should fill it out; the collection helps make governmental decisions smarter and more data driven. Put another way, it helps the government run in more of a Bogleheads kind of way.
by orangeandwhite
Thu Dec 26, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Goodbye USAA
Replies: 72
Views: 8997

Re: Goodbye USAA

Three months later, after USAA went after the at-fault drivers insurance company, I received a $1,000 check for the deductible amount. Can't beat service like that in many cases! :D Stockholm syndrome. To begin with, this is required by law - you are entitled to get your deductible back if they can...
by orangeandwhite
Fri Dec 06, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: termination with out severance from a mega-corp
Replies: 51
Views: 8931

Re: termination with out severance from a mega-corp

OP: I would like a 3 month LOA Employer: OK, but you're not guaranteed your job back or any sort of severance should it not be here when you return. OP: OK, I'll take that deal. Employer 2 months and 3 weeks later: Your job is no longer available and you're no longer an employee. OP: I would like 6...
by orangeandwhite
Fri Dec 06, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: termination with out severance from a mega-corp
Replies: 51
Views: 8931

Re: termination with out severance from a mega-corp

I believe no one has mentioned the OTHER big question, forgetting severance for the moment... Are you eligible for unemployment compensation in your state given the circumstances?!? Seems to me the answer is not obviously Yes. Your HR should be able to tell you -- or the state, or that lawyer. Aski...
by orangeandwhite
Thu Dec 05, 2019 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: termination with out severance from a mega-corp
Replies: 51
Views: 8931

Re: termination with out severance from a mega-corp

Some absences are protected-- your job or another like it will be available when you return. Sometimes this protection is by federal law (FLMA) and sometimes it's the company's policy-- say someone who is on salary continuation. In those cases, the leave/absence is approved, and there are limitatio...
by orangeandwhite
Thu Dec 05, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: termination with out severance from a mega-corp
Replies: 51
Views: 8931

Re: termination with out severance from a mega-corp

Read that paperwork, because it probably states that your job is not protected in your absence. I don’t know what this term “protected” means. There is no real “protection” in the world of at-will employment. The story is pretty simple... he was an employee before, and now he is not an employee, an...
by orangeandwhite
Tue Dec 03, 2019 12:30 am
Forum: Personal Finance (Not Investing)
Topic: termination with out severance from a mega-corp
Replies: 51
Views: 8931

Re: termination with out severance from a mega-corp

any advice is highly appreciated. First of all, it sounds like you are eligible for unemployment benefits, as you were laid off from your job. You should file an application with your state labor department. Depending on your state, you may also be eligible for subsidized health insurance (cheaper ...
by orangeandwhite
Thu Nov 21, 2019 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: After tax contributions in governmental 401K?
Replies: 17
Views: 888

Re: After tax contributions in governmental 401K?

To my knowledge there is no such thing as a "governmental 401k". It is all the same section of the tax code. Usual rule applies: "Ask for summary plan documents and review yourself because most 401k administrator employees are clueless." The plan docs will clearly spell out whether after tax contri...
by orangeandwhite
Tue Nov 19, 2019 11:58 pm
Forum: Investing - Theory, News & General
Topic: How should a pension be viewed? Fixed income?
Replies: 38
Views: 2892

Re: How should a pension be viewed? Fixed income?

1) As the prior post said it is an income stream. For example in you need $5,000 a month in retirement and have a $1,000 a month pension then you only need $4,000 a month from your other investments. If you also counted the pension as part of your asset allocation that would be double counting it(i...
by orangeandwhite
Tue Nov 19, 2019 11:50 pm
Forum: Investing - Theory, News & General
Topic: How should a pension be viewed? Fixed income?
Replies: 38
Views: 2892

Re: How should a pension be viewed? Fixed income?

An investor could potentially calculate the net prevent value of their pension and use it as part of their fixed income allocation. However in such a calculation the value of the pension would have to be zero until the worker was vested in at least the minimum benefit. Moreover, the investor would ...
by orangeandwhite
Tue Nov 19, 2019 11:06 pm
Forum: Investing - Theory, News & General
Topic: How should a pension be viewed? Fixed income?
Replies: 38
Views: 2892

Re: How should a pension be viewed? Fixed income?

If someone will be receiving a partial federal pension, would that allow for a higher percentage of equities in their retirement account? It's a fixed income asset akin to holding a portfolio of Treasury bonds. The approach you outline of taking on greater equity risk elsewhere in recognition of th...
by orangeandwhite
Sun Nov 17, 2019 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Plug-in Hybrid Federal Tax Credit
Replies: 20
Views: 1615

Re: Plug-in Hybrid Federal Tax Credit

We are planning to replace a 2010 Prius Hybrid with a 2020 Prius Prime Plug-In Hybrid. There is a Federal Tax Credit of $4,500 listed for this car . That sounds great on top of all the things we like about this car. Just to make sure I get this right, the Federal Tax Credit is claimed at the time o...
by orangeandwhite
Sat Nov 09, 2019 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum Offer - Monthly Big Mac in 2047?
Replies: 10
Views: 1649

Re: Pension Lump Sum Offer - Monthly Big Mac in 2047?

The interest rates are corporate bond rates - this is set by law and operates to penalize lump sum payouts. By staying in the pension, you are basically earning a rate you might achieve by investing in a corporate bond fund, but you are doing this without actually taking credit risk (because the pen...
by orangeandwhite
Sun Nov 03, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: GE Pension Buyout
Replies: 85
Views: 13331

Re: GE Pension Buyout

Have skimmed an am no expert but I am an expert in my own retirement! Reading the above reveals a couple things: Option #3 is the best choice. Option #1 (lump sum) is the best choice. I would say that if you can fund your own retirement independent of GE, have a sense of humor and the bizarre, then...
by orangeandwhite
Mon Jun 04, 2018 4:12 pm
Forum: Personal Consumer Issues
Topic: Fitting three young kids in the car...
Replies: 76
Views: 6443

Re: Fitting three young kids in the car...

If you consider a 10 year old vehicle "junk," then you aren't "cheap people"! Seriously though, after year 10, a Honda Odyssey ain't "junk". Top of the line could still fetch maybe $10,000. A Chrysler, not so much. Moreover, years 10 to 15 are the gravy years. That's when the vehicle will hopefully...
by orangeandwhite
Mon Jun 04, 2018 12:04 pm
Forum: Personal Consumer Issues
Topic: Fitting three young kids in the car...
Replies: 76
Views: 6443

Re: Fitting three young kids in the car...

Pacifica Hybrid has been on the market for two years. Exactly what you describe - a plug in electric hybrid. Sitting happily in our driveway. It’s surprising that it doesn’t get more play here because it’s the ultimate Boglehead minivan. Crazy good gas mileage, and it comes with federal and (depend...
by orangeandwhite
Sun Jun 03, 2018 9:40 pm
Forum: Personal Consumer Issues
Topic: Fitting three young kids in the car...
Replies: 76
Views: 6443

Re: Fitting three young kids in the car...

Odyssey or Sienna, $30k OTD or less. They need to make an EV version though, could pack a lot of batteries into a minivan chassis. Maybe we’ll have to wait for Tesla for that particular innovation. Pacifica Hybrid has been on the market for two years. Exactly what you describe - a plug in electric ...
by orangeandwhite
Wed May 16, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Insurance for visiting the US
Replies: 10
Views: 1767

Re: Medical Insurance for visiting the US

My 69 year-old mother-in-law is visiting the US from another country for about four months, and I don't think my plan will cover her because it's "Self Plus One." Has anyone here had experience getting travel medical insurance for visiting relatives or friends? We need to do this fairly often. Seve...
by orangeandwhite
Mon May 14, 2018 2:30 pm
Forum: Personal Consumer Issues
Topic: Buying Audi 6 in Germany
Replies: 9
Views: 1824

Re: Buying Audi 6 in Germany

So what the advantages of getting a car there? My vague recollection, having looked at this a long time ago, was that the dealers were able to offer pretty good pricing on European deliveries because the car enters the United States as a used car that belongs to you, as opposed to a new car that be...
by orangeandwhite
Sun May 13, 2018 3:38 pm
Forum: Personal Consumer Issues
Topic: Picking up New Subaru-Worth buying extended warranty?
Replies: 59
Views: 24565

Re: Picking up New Subaru-Worth buying extended warranty?

What do other Boggleheads do in this situation? I am a bit more open to extended warranties than the others here. The expected value argument is not as clear cut as some put it in my view, as the manufacturer can get better prices on parts and labor than you can. As a result it is possible for the ...
by orangeandwhite
Sat May 12, 2018 3:16 pm
Forum: Personal Consumer Issues
Topic: Cars similar to Toyota Corolla LE that I should consider for purchase?
Replies: 36
Views: 4490

Re: Cars similar to Toyota Corolla LE that I should consider for purchase?

Look at the Prius Prime. Because it is part electric, it qualifies for a $4500 Federal tax credit and in my state it is eligible for a $1500 rebate. In addition, Toyota was offering an incentive. I bought one a few months ago and it came out to less than $18,000 with the tax incentives---- that's t...
by orangeandwhite
Thu May 10, 2018 3:41 pm
Forum: Personal Consumer Issues
Topic: Reccommended Minivans
Replies: 31
Views: 3040

Re: Reccommended Minivans

We had rented a Pacifica while on vacation and after a week the family insisted on buying one immediately once we got back. We bought a Pacifica Hybrid back in March and love it - after the tax credits, the hybrid isn't not far off from your target, and the fuel economy is unbelievable. Not a single...
by orangeandwhite
Sun Apr 29, 2018 8:34 pm
Forum: Personal Consumer Issues
Topic: Car rental in Las Vegas
Replies: 14
Views: 1785

Re: Car rental in Las Vegas

What's worked well for me is to wait until about 2 weeks out (don't go to much further out, and prices frequently seem to go up as it gets closer to the day, but sometimes are cheaper 2 or 3 days out - but it's a gamble), go to Hotwire.com and see what they have as their best prices on a "Hot Rate ...
by orangeandwhite
Sun Apr 29, 2018 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: How To Handle Auto Accident Insurance Company Letter
Replies: 29
Views: 4359

Re: How To Handle Auto Accident Insurance Company Letter

My DW was recently involved in an Auto Accident in New Jersey and the Other Driver was at fault. The Other driver's insurance company sent a letter asking her to contact them as soon as possible to possibly file bodily injury claim with them. Our question is whether we need to utilize a Personal In...
by orangeandwhite
Sun Apr 29, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: How To Handle Auto Accident Insurance Company Letter
Replies: 29
Views: 4359

Re: How To Handle Auto Accident Insurance Company Letter

My DW was recently involved in an Auto Accident in New Jersey and the Other Driver was at fault. The Other driver's insurance company sent a letter asking her to contact them as soon as possible to possibly file bodily injury claim with them. Our question is whether we need to utilize a Personal In...
by orangeandwhite
Sat Apr 28, 2018 1:32 pm
Forum: Personal Consumer Issues
Topic: Airbag deployed- would you buy?
Replies: 24
Views: 3197

Re: Airbag deployed- would you buy?

N O ! To be honest, it’s this view about buying cars that have been repaired, which is very prevalent in society, that causes such cars to at times be really great deals. There is an anxiety but it isn’t really clear to me what the anxiety is about. If the lights are out and the car runs fine there...
by orangeandwhite
Fri Apr 27, 2018 8:35 pm
Forum: Personal Consumer Issues
Topic: Extended Warranty for Honda Odyssey - worth it?
Replies: 23
Views: 10830

Re: Extended Warranty for Honda Odyssey - worth it?

Absolutely not. There’s asymmetry of information and the car companies know exactly how much to charge for warranties to make money. So they are taking in more than they are paying out otherwise they wouldn’t offer it. It’s most likely that you won’t need it and will waste $1k Consumer reports eval...
by orangeandwhite
Fri Apr 27, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: how would you handle this--collecting life insurance
Replies: 31
Views: 4048

Re: how would you handle this--collecting life insurance

In addition to the above, another approach is to simply send them a letter indicating that you are filing a claim, this is the policy number, here is the death certificate, please mail me a check. You can note in your letter that you never got a form despite asking, so you are submitting a claim wit...
by orangeandwhite
Mon Apr 02, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 18122

Re: What age is the best to give a child control of an inheritance?

I like 35, maybe even 30 or half at each of those two ages. Someone suggested 21. Really bad idea, IMHO. It might zap the beneficiary’s desire to do the hustle. Not to mention the possibility of a bad marriage that the money can get tangled up in. Out of curiosity - isn’t it a good idea to zap the ...
by orangeandwhite
Sun Apr 01, 2018 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Car totalled, not-at-fault - use my insurance or theirs? What leverage do I have for negotiating?
Replies: 35
Views: 6827

Re: Car totalled, not-at-fault - use my insurance or theirs? What leverage do I have for negotiating?

Subrogation is an action by an insurer to recover the amount it has paid to or on behalf of its insured from a person/entity that caused the loss. There is nothing in a subrogation clause that requires the insurance company to attempt to collect the amount of a deductible via this process and some ...
by orangeandwhite
Sat Mar 31, 2018 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 18122

Re: What age is the best to give a child control of an inheritance?

Is there something in particular that you are worried about? Another leg of this is whether, even if you have a worry, whether you can really do anything about it through estate planning. Many older people have an attitude that if their kids knew how much money they stood to inherit - just having t...
by orangeandwhite
Mon Mar 26, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Father's Pension - Advice
Replies: 13
Views: 2142

Re: Father's Pension - Advice

Thanks for the replies so far. Can records be obtained from the IRS? We thought about this as well. But it seems like you can only request the previous 3 years of returns... https://www.irs.gov/newsroom/request-a-transcript-or-copy-of-a-prior-year-tax-return SSA has the W2 forms back to 1978. This ...
by orangeandwhite
Sun Mar 18, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Tax, Section 529 plans and Form 709
Replies: 2
Views: 392

Re: Gift Tax, Section 529 plans and Form 709

Does anyone know the correct way to file a Form 709 for a gift made to a Section 529 college savings plan, where the gift was made over a decade ago? We just thought we were being responsible parents saving for college--but no, we're actually making a taxable gift to our child. Whoops. Now that we ...
by orangeandwhite
Sat Mar 17, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: help! I want to treat heirs equally
Replies: 38
Views: 6384

Re: help! I want to treat heirs equally

Another point made by Beyond the Grave is that what parents think is fair and equitable is not necessarily the same as what the children think. There is poignant story about a rift created between siblings because of the parents' decision to divide assets equally. One sibling had received much more...
by orangeandwhite
Sun Dec 31, 2017 3:29 pm
Forum: Personal Investments
Topic: Investing money needed for assisted living
Replies: 28
Views: 2086

Re: Investing money needed for assisted living

Do you know what his situation will be should he run through his investments? If he needs $4,500/month, he can cover about 7 years if he invests conservatively and assuming no major inflation. Will he be able to stay in the same facility, with it accepting his annuity and SS and any other money com...