Search found 270 matches

by moehoward
Wed Jan 02, 2019 2:55 pm
Forum: Personal Investments
Topic: Plan for what to do with life insurance
Replies: 17
Views: 764

Re: Plan for what to do with life insurance

Wow, you are putting way to much thought into this for a 33 year old wife. I would suggest cutting down the policy to $500K term and take the reminder of the money and go on a nice vacation with your wife. Wait, get rid of the policy and and go on a nicer vacation with your 33 year old wife. You mi...
by moehoward
Wed Jan 02, 2019 9:52 am
Forum: Personal Investments
Topic: Plan for what to do with life insurance
Replies: 17
Views: 764

Re: Plan for what to do with life insurance

Wow, you are putting way to much thought into this for a 33 year old wife. I would suggest cutting down the policy to $500K term and take the reminder of the money and go on a nice vacation with your wife. Wait, get rid of the policy and and go on a nicer vacation with your 33 year old wife.
by moehoward
Wed Jan 02, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Evaluating my 2018 Spending
Replies: 32
Views: 2487

Re: Evaluating my 2018 Spending

Flyer24 wrote:
Mon Dec 31, 2018 9:37 pm
Nothing. Enjoy life.
Best answer on thread.
by moehoward
Wed Jan 02, 2019 9:28 am
Forum: Personal Investments
Topic: Drop Stocks Altogether: Age Dependent Decision?
Replies: 23
Views: 1790

Re: Drop Stocks Altogether: Age Dependent Decision?

I have a very good friend who moved his allocation to 10/90. His reasoning similar to yours, he has enough money and tired of the volatility. While I understand his position, the death and health cards dealt to you can vary. You didn't say how much you have, if its high enough, this whole thread is ...
by moehoward
Wed Jan 02, 2019 9:20 am
Forum: Investing - Theory, News & General
Topic: Absurd Adviser Fees!
Replies: 16
Views: 2871

Re: Absurd Adviser Fees!

I followed Edelman for a while and I think his show is good for beginning finance. I looked into his fees years ago and was aghast at what I saw.
by moehoward
Wed Jan 02, 2019 9:12 am
Forum: Personal Consumer Issues
Topic: Using less plastic
Replies: 69
Views: 2053

Re: Using less plastic

It's the new year and I've finally decided to bring my own cloth grocery bags from now to the stores. It was surprisingly pleasant. Cloth handles are much nicer to carry, fit more, and doesn't add more to my time shopping. What other easy environmentally-friendly things do you do that I might be ab...
by moehoward
Mon Dec 31, 2018 9:28 am
Forum: Investing - Theory, News & General
Topic: Ok to invest in an LLC?
Replies: 33
Views: 1920

Re: Ok to invest in an LLC?

A friend of mine is starting a new company which I'd like to make a small investment in. I have lots of experience investing in private companies but this one is different since the founder is particularly inexperienced and he isn't thinking about VCs. He would like to structure it as an LLC with a...
by moehoward
Sun Dec 30, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: Etiquette of selling used items
Replies: 20
Views: 1789

Re: Etiquette of selling used items

When we moved to the east coast we sold everything in our home on craigslist and garage sell. Garage sell stuff is one foot away from good will or the dump but I thought I would try. The funniest people were (just some) those who stole something. I would always say you can have what's in your pocket...
by moehoward
Fri Dec 28, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: Dental implants - fair price for teeth 23 to 26?
Replies: 30
Views: 3217

Re: Dental implants - fair price for teeth 23 to 26?

I've had 3 implants over 10 years, about $10K when said and done. My advice is to not focus on the cost but who is doing them. For my last implant I flew back to my original doctor for the procedure. My implants are fine, money well spent. If the procedure is not done well, the price is even higher.
by moehoward
Fri Dec 28, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Will I be renting forever?
Replies: 44
Views: 3380

Re: Will I be renting forever?

You did not throw away money on rent. You need a place to live. It is just that housing of any kind is expensive. Get a cheaper apartment. How about a second job? Devote one of your salaries to living expenses, the other to savings. Work for promotions/earn more. If you can’t do these things you ha...
by moehoward
Fri Dec 28, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: brick-and-mortar vs online bank
Replies: 50
Views: 2964

Re: brick-and-mortar vs online bank

Hi folks, I've used a big national bank for decades for checking and savings. I also have an online bank, where I keep CDs. To avoid fees, I have to keep $10k in brick bank savings account for a measly .03% interest return. The online bank savings account has 2% yield. So, essentially, I'm losing $...
by moehoward
Fri Dec 28, 2018 10:40 am
Forum: Personal Investments
Topic: How to monitor elderly parents' finances to protect them from fraud
Replies: 15
Views: 768

Re: How to monitor elderly parents' finances to protect them from fraud

My mother got many solicitations over the phone and had a hard time saying no. I sat here down and said tell them you have to talk to your son first. She never wavered from my advice and had no problems after that. Occasionally she would ask me about something and my answer would always be, "they're...
by moehoward
Thu Dec 27, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: What have you learned this year
Replies: 90
Views: 7510

Re: What have your learned this year

annielouise wrote:
Tue Dec 25, 2018 10:42 pm
We learned that no matter how many layoffs you get through unscathed, you can still be blindsided by the one that hits you.

We also learned that it is possible to get a new software job, even at age 53. Whew!
That hit a note for me but I was 60 at the time.
by moehoward
Wed Dec 19, 2018 9:19 am
Forum: Personal Consumer Issues
Topic: Confused by cruise gratuities
Replies: 51
Views: 4386

Re: Confused by cruise gratuities

We did a river cruise on the Danube. At the end, they gave out envelopes and a recommended amount to tip. I think we used our credit card.
by moehoward
Wed Dec 19, 2018 9:17 am
Forum: Personal Consumer Issues
Topic: Gift Ideas for wife
Replies: 76
Views: 5958

Re: Gift Ideas for wife

PaleoWorx wrote:
Mon Dec 17, 2018 3:33 pm
it's sad that you you think the random people on the internet know your spouse better than you
I really like your answer. My idea, go to a nice romantic restaurant and get a nice expensive bottle of wine and then ask her what she wants.
by moehoward
Mon Dec 17, 2018 1:51 pm
Forum: Personal Consumer Issues
Topic: When has being frugal or cheaping out bit you in the rear?
Replies: 109
Views: 8863

Re: When has being frugal or cheating out bit you in the rear?

Definitely vacations. Non-Stop flights when possible. When we travel international, we always stay at the airport hotel the night before we leave. No headaches (or strikes) and end the vacation on a comfortable note.
by moehoward
Mon Dec 17, 2018 1:41 pm
Forum: Personal Consumer Issues
Topic: 3 weeks in Australia
Replies: 25
Views: 1913

Re: 3 weeks in Australia

IMHO, take 1 week in Australia and spend the other two in New Zealand. Much more to see in NZ
by moehoward
Sun Dec 16, 2018 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Moving from Schwab to another bank
Replies: 36
Views: 2008

Re: Moving from Schwab to another bank

Looking for suggestions on a new bank. I like Schwab, and initially went with them because of the ATM fee refunds and the fact that I can withdraw money overseas with no fees (or at least get fees refunded). Now that I hardly ever carry cash (except when traveling to certain countries overseas), ha...
by moehoward
Sat Dec 15, 2018 11:14 am
Forum: Personal Consumer Issues
Topic: Raspberry pi or starting an 11 year old with programming
Replies: 21
Views: 1908

Re: Raspberry pi or starting an 11 year old with programming

Get the Arduino (yes the Raspberrby Pi is fine). I bought this kit on Amazon for $35, has everything you need to start.
https://www.amazon.com/ELEGOO-Project-S ... uino&psc=1
by moehoward
Fri Dec 14, 2018 5:56 pm
Forum: Personal Consumer Issues
Topic: Is it difficult to change a baby's legal name?
Replies: 70
Views: 3178

Re: Is it difficult to change a baby's legal name?

Hello, We are having a hard time deciding on a name for our baby boy but must decide now to submit some paperwork. We came down to two choices but are unsure which one to pick. I'd like to know how easy/difficult/costly it is to change the name later if we end up regretting the choice. If anybody h...
by moehoward
Wed Dec 12, 2018 9:54 am
Forum: Personal Consumer Issues
Topic: To each his own ( I guess ) [Opinions of traveling in retirement]
Replies: 109
Views: 8417

Re: To each his own ( I guess ) [Opinions of traveling in retirement]

Like some other posters, I traveled often and extensively in my work life. I ran teams, projects or had clients in almost every medium to large city in the US and Canada. In one job, I traveled international for 5 years - flying literally around the planet on trips a few times. Also took the opport...
by moehoward
Tue Dec 11, 2018 8:01 pm
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 84
Views: 4379

Re: Donate to homeless?

This time of year homeless panhandlers seem more visible than ever with the weather cold and holidays approaching. Today a lady on the sidewalk asked me how I celebrate - Christmas, Kwanza or Hannukah? Is it a good idea to give a couple dollars to such people? Seems quite mean to ignore them. What ...
by moehoward
Mon Dec 10, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: To each his own ( I guess ) [Opinions of traveling in retirement]
Replies: 109
Views: 8417

Re: To each his own ( I guess )

I'm interested in how others view travel, particularly in retirement. We've seen a lot of scenery over the decades, mostly in the U.S.. At this point my wife is really only interested in travel that includes kids and grandkids. We do have a trip planned to Washington D.C. with kids/grandkids to see...
by moehoward
Mon Dec 10, 2018 9:45 am
Forum: Personal Consumer Issues
Topic: Electric bill with LED
Replies: 114
Views: 9437

Re: Electric bill with LED

Lighting comprises a pretty small portion of most residential energy consumption. I learned that from a consumer class put on by the local electric utility. So if that's true in your case, changing to LEDs (or candles or trained fireflies or simply living in the dark) wouldn't make a huge differenc...
by moehoward
Sat Dec 08, 2018 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Car Damage Issue
Replies: 69
Views: 4540

Re: Rental Car Damage Issue

BH friends, I rented a car for 24 hours while on vacation. In the 24 hours it was in my hotel parking lot (key pass required and enclosed) or I was driving it. It was parked one time for around 5 minutes grabbing lunch to go but the parking spot I got was at the end of a row so I always hug the cur...
by moehoward
Sat Dec 08, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Skipping last COBRA payment
Replies: 25
Views: 2731

Re: Skipping last cobra payment

Euroswiss, no one is advocating theft as you suggest, Do you have any knowledge of cobra rules and regulations?Perhaps you should get some insight!,People come here to share ways on improving oneself not make comments without any knowledge on the subject such as what you have done. Have you ever be...
by moehoward
Sat Dec 08, 2018 10:24 am
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 13002

Re: Why Retirement Is Broken And Needs To Be Reinvented

What does it mean "overpromised" ? Why it is so difficult to account for deferred compensation ? Pensions don't necessarily have to be funded by contributions. If an employer offers a 150k/yr. salary, nobody bats an eye, but if they offer 100k/yr. plus 5k/yr. per year of service starting at age 65,...
by moehoward
Fri Dec 07, 2018 3:09 pm
Forum: Personal Consumer Issues
Topic: California 8 days road trip LA-SFO
Replies: 40
Views: 2421

Re: California 8 days road trip LA-SFO

Hello everyone, Have a long awaited 8 days CA trip coming up in the last week of Dec. We are flying from east coast in to LA and out of SFO (Okland airport). Family of 4, kids are 7 and 11. Will have a rental car. Looking at the good suggestion on the the other thread "Southern California Vacation ...
by moehoward
Wed Dec 05, 2018 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Divorce Settlement Options
Replies: 51
Views: 7247

Re: Advice on Divorce Settlement Options

"Heav'n has no rage like love to hatred turn'd / Nor Hell a fury, like a woman scorn'd." Even a woman self-scorn'd - it was her decision to move out and do this... You are correct, of course, at least in my case. Billy On this same thread, I asked my wife during our divorce why she was being so mea...
by moehoward
Tue Dec 04, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Divorce Settlement Options
Replies: 51
Views: 7247

Re: Advice on Divorce Settlement Options

One more question: Do you have an Attorney? It doesn't matter what her attorney knows or doesn't know. Yes, I have an attorney. And I am attorney myself (and MBA and engineer). I am not seeking legal advice... I am asking finance questions about alternative funding sources. Being Bogleheads we alre...
by moehoward
Tue Dec 04, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Divorce Settlement Options
Replies: 51
Views: 7247

Re: Advice on Divorce Settlement Options

One more question: Do you have an Attorney? It doesn't matter what her attorney knows or doesn't know. [/quote] Yes, I have an attorney. And I am attorney myself (and MBA and engineer). I am not seeking legal advice... I am asking finance questions about alternative funding sources. Being Boglehead...
by moehoward
Tue Dec 04, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Divorce Settlement Options
Replies: 51
Views: 7247

Re: Advice on Divorce Settlement Options

+1 on the point of getting numbers in front of her. The lump sum may blind her to the payout benefits over time. Having been there, it's better to not have the monthly reminder of seeing cash go out to the person who left you. This is one of the hardest things in life to deal with. Upside is time w...
by moehoward
Tue Dec 04, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Divorce Settlement Options
Replies: 51
Views: 7247

Re: Advice on Divorce Settlement Options

OP cut your losses and don't let the lawyers drag it out and get her married. The "donation" stops the day she remarries. Kept women law or something. Simple but correct. We all have stories... The bottom line is that in the end, marriage is a contract and there are laws to deal with it. Is it fair...
by moehoward
Tue Dec 04, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: New Homeowner in Retirement/Travel Concerns
Replies: 16
Views: 2246

Re: New Homeowner in Retirement/Travel Concerns

I'm soon to retire (2019) and planning to move from a major city to a small, rural, college town I've specifically selected for retirement, or at least the early years of retirement. (I'm 58). I'm undecided about renting or buying. The only transience appears to be the students and educators moving...
by moehoward
Tue Dec 04, 2018 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Advice on Divorce Settlement Options
Replies: 51
Views: 7247

Re: Advice on Divorce Settlement Options

OP cut your losses and don't let the lawyers drag it out and get her married. The "donation" stops the day she remarries. Kept women law or something. Simple but correct. We all have stories... The bottom line is that in the end, marriage is a contract and there are laws to deal with it. Is it fair...
by moehoward
Tue Dec 04, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Question about long term care
Replies: 8
Views: 1059

Re: Question about long term care

Did I read this right, $7,000 (windfall?) and a $100,000 insurance policy for a 70 year old? Who is the beneficiary of life Insurance? You had a lawyer draw up a will but not a trust?
by moehoward
Mon Dec 03, 2018 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Power of attorney for Mom?
Replies: 12
Views: 1068

Re: Power of attorney for Mom?

Its not ridiculous, dealing with my mother was similar. Your mother is probably fine right now but there is a chance she won't do as well 10 years from now. Start slowly and gain her confidence. It won't be easy. Sometimes I had to say, "Mom, I'm not going to steal your money". Eventually (as I did)...
by moehoward
Mon Dec 03, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: LegalShield part of the company benefits for Will and Estate planning
Replies: 14
Views: 732

Re: LegalShield part of the company benefits for Will and Estate planning

I’m an estate planning attorney (it’s actually my side job since I work for the Feds full time). Don’t scrimp with estate planning. The problems I’ve seen with some “one size fits all” approaches have been profound. What I didn’t see on this list was a review of accounts and beneficiary designation...
by moehoward
Mon Dec 03, 2018 9:46 am
Forum: Personal Investments
Topic: Where to put "left over" money
Replies: 18
Views: 2099

Re: Where to put "left over" money

Left over money goes into wine account.
by moehoward
Mon Dec 03, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 145
Views: 16088

Re: Retirement itch- when did you get it?

I think I got the itch from two directions. In my late fifties, I occasionally would hear about friends and aquaintances getting the "diagnosis". The second, was corporate BS. After a while, its the same speeches every year.
by moehoward
Sun Dec 02, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: "The Steak Dinner Annuity Pitch"
Replies: 68
Views: 8255

Re: "The Steak Dinner Annuity Pitch"

We were at a Money show and attended one of the free seminars. They loaded us up with brochures, pads and a nice pen. The presentation started with a short movie with none other then Joe Namath pitching their product. My wife and I burst out laughing to horror of the salesman at the front of the roo...
by moehoward
Sun Dec 02, 2018 10:25 am
Forum: Personal Investments
Topic: Simple Person Needs Simple Advice Regarding Retirement
Replies: 26
Views: 2496

Re: Simple Person Needs Simple Advice Regarding Retirement

You didn't mention if you had a wife or children. All I can say is to be extremely careful, people come out of the woodwork when they smell money. Have you thought about a Trust? You can still invest if the recommendations on this thread but it will keep tighter control on the money. In the end you ...
by moehoward
Sat Dec 01, 2018 1:09 pm
Forum: Personal Consumer Issues
Topic: Cremation seminar – with complimentary lunch
Replies: 86
Views: 6976

Re: Cremation seminar – with complimentary lunch

Don't go into these seminars, it's a cookbook!
https://youtu.be/dk01eeKMD_I
by moehoward
Sat Dec 01, 2018 11:04 am
Forum: Personal Consumer Issues
Topic: Best new Mac/features for 2000-3000
Replies: 60
Views: 4548

Re: Best new Mac/features for 2000-3000

Old Dell worn out. Just surfing, video/pic archives, streaming youtube/other prgms, but no gaming. You do not need to spend $3000 on a computer for your needs. You can get an adequate Windows PC for <$1000. All you need is at least an i5 processor, 8gb RAM and an SSD. If you're archiving photos I w...
by moehoward
Sat Dec 01, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Too Much Savings Regret
Replies: 112
Views: 17988

Re: Too Much Savings Regret

I have a similar story to yours. When my dad was alive, mom used to joke to me that I am "saving my money away" when I was younger. I was a (and still sort of am) a very aggressive saver. I just wrote it off. I was following in the footsteps of my parents after all, they had been saving all their l...
by moehoward
Fri Nov 30, 2018 8:38 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads justify taking vacation?
Replies: 102
Views: 5139

Re: How do Bogleheads justify taking vacation?

Can fellow Bogleheads and financially prudent people explain how do you justify taking vacation? So far I have come up with "reasons" for taking vacation, but I can't really justify any of them. - I don't like to do "touristy" things. I couldn't be bothered with whatever monument or landmark. - I a...
by moehoward
Thu Nov 29, 2018 9:01 pm
Forum: Personal Investments
Topic: First year with financial planner managing IRA did worse than index fund, should I pull out?
Replies: 24
Views: 2273

Re: First year with financial planner managing IRA did worse than index fund, should I pull out?

Hi all, This is my first post. A year ago I moved a retirement account worth about $245k idling in Fidelity and rolled it over to an IRA actively managed by a financial advisor that uses LPL Financial. Over the year the account swung up to $260k and now is negative return and valued about $237k. I ...
by moehoward
Thu Nov 29, 2018 1:46 pm
Forum: Personal Investments
Topic: Any Schwab Investors using Intelligent Portfolio??
Replies: 6
Views: 761

Re: Any Schwab Investors using Intelligent Portfolio??

Yes, read the other threads. I have a Schwab IP. Its fine and works exactly like Schwab said. I only invested about 20K to try it out and still have it but way too many funds for me. Just remember after you set the allocation, you have no control. (that's why they call it a Robo account.
by moehoward
Thu Nov 29, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 109
Views: 14974

Re: Divorce [financial implications]

It depends on who you marry. DW and I have been happily married for 30 years now. Many on these boards married far longer than us. I would not throw in the towel on marriage based on one bad experience (or the experiences of some others you know). However, if burned once before, a pre-nup might not...
by moehoward
Thu Nov 29, 2018 12:11 pm
Forum: Personal Consumer Issues
Topic: Remodeling - tipping?
Replies: 56
Views: 3251

Re: Remodeling - tipping?

z91 wrote:
Thu Nov 29, 2018 11:22 am
Great, the monthly tipping thread is here..
LOL, I was just ready to write the same thing. Ok, I'll start, Is tipping getting out of control in the US?