Search found 1649 matches

by dknightd
Sat Jun 29, 2019 4:22 pm
Forum: Personal Consumer Issues
Topic: Have nice car but too OCD to enjoy it.
Replies: 45
Views: 3024

Re: Have nice car but too OCD to enjoy it.

wabbott wrote:
Sat Jun 29, 2019 4:00 pm
but there's no need to lay out 30K for a truck that hauls a couple of loads of firewood in the winter, and that gets me to my morning coffee group every day.
Have you priced new trucks today? Cheaper to rent when you need one. When mine dies that is my plan.
by dknightd
Sat Jun 29, 2019 4:03 pm
Forum: Personal Consumer Issues
Topic: how much to finance a new car at .9%
Replies: 57
Views: 3862

Re: how much to finance a new car at .9%

It really does matter much. Do what makes you happy. At those rates I'd probably finance at least part of it.
by dknightd
Sat Jun 29, 2019 3:31 pm
Forum: Investing - Theory, News & General
Topic: Hitting Critical Mass and then dealing with those feelings of Surreal
Replies: 51
Views: 6390

Re: Hitting Critical Mass and then dealing with those feelings of Surreal

When does one reach critical mass? Is there a formula/consensus? I don't think there is a formula or consensus. For me when earnings or losses in my investments were bigger than my contributions I figured I was close. If my earnings or losses were bigger than my annual spending I decided I probably...
by dknightd
Sat Jun 29, 2019 2:00 pm
Forum: Personal Consumer Issues
Topic: Have nice car but too OCD to enjoy it.
Replies: 45
Views: 3024

Re: Have nice car but too OCD to enjoy it.

It’s a 2017 M3 Is it paid for? If so you might want to keep it. If not, and usage does not justify the monthly payment, you might want to sell it. It is your decision. As long as you can afford it a proper Boglehead will have nothing else to say ;) OCD has nothing to do with this. It is basically a...
by dknightd
Sat Jun 29, 2019 1:26 pm
Forum: Personal Consumer Issues
Topic: Have nice car but too OCD to enjoy it.
Replies: 45
Views: 3024

Re: Have nice car but too OCD to enjoy it.

adamthesmythe wrote:
Sat Jun 29, 2019 1:10 pm
When you are older, and presumably more prosperous, the question is how much you want to have in the form of a piece of metal that can get dented if you take it to the grocery. Or can get totaled by an idiot.
I think that is what insurance is for . . .
by dknightd
Sat Jun 29, 2019 1:12 pm
Forum: Personal Consumer Issues
Topic: Have nice car but too OCD to enjoy it.
Replies: 45
Views: 3024

Re: Have nice car but too OCD to enjoy it.

No easy answer for this. Seems to me you are using your cars as intended, and how you like to use them. I don't see a problem with that. If you wait long enough your current nice car could be your next beater ;) If you feel uncomfortable having two depreciating assets, you could sell one. I have two...
by dknightd
Fri Jun 28, 2019 8:27 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 332
Views: 40813

Re: Roll Call for the Retirement Class of 2019!

Well done. Enjoy the next phase of your life.
by dknightd
Fri Jun 28, 2019 1:59 pm
Forum: Investing - Theory, News & General
Topic: Hitting Critical Mass and then dealing with those feelings of Surreal
Replies: 51
Views: 6390

Re: Hitting Critical Mass and then dealing with those feelings of Surreal

You can afford prime rib every once in a while. You might also be able to afford retirement . . .
by dknightd
Thu Jun 27, 2019 11:58 am
Forum: Personal Consumer Issues
Topic: Package delivery man damaged door
Replies: 55
Views: 3573

Re: Package delivery man damaged door

Your door got scratched (or maybe broken) by a delivery box? You need a stronger door.
by dknightd
Thu Jun 27, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Considering adding second level to house [Bay Area]
Replies: 37
Views: 2685

Re: Considering adding second level to house [Bay Area]

I currently own a 1600 sqft one-story single family house in the Bay Area. I am considering adding a second level, potentially 1000 sqft in a self-contained unit (turning my house into a duplex). This is just a continuation of you trying to leverage your funds. But now you are proposing leveraging ...
by dknightd
Thu Jun 27, 2019 10:42 am
Forum: Personal Investments
Topic: Liability matching VPW plan
Replies: 17
Views: 1533

Re: Liability matching VPW plan

I'm taking a somewhat similar approach to the OP. But I'm ignoring the $30k survival budget, and concentrating on the $60 living well enough budget. OP and I have enough so we do not have to worry too much about just being able to live. So I concentrate on living well enough. I intend to have the $6...
by dknightd
Tue Jun 25, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Help choose COLA Pension or Not
Replies: 25
Views: 1316

Re: Help choose COLA Pension or Not

My father is 64 soon to be 65. He will be eligible for his pension at age 65 beginning Sept. 1, 2019. He has two Options: a) $2650 per month beginning Sept. 1, 2019. No cost of living adjustment. b) $1946 per month beginning Sept. 1, 2019 with Cost of living adjustment. The COLA is this.. It is tie...
by dknightd
Tue Jun 25, 2019 11:57 am
Forum: Personal Consumer Issues
Topic: Dental implant... almost done!
Replies: 53
Views: 3517

Re: Dental implant... almost done!

I have horrible looking crookedy teeth. But they seem to work. I'm OK with that ;)
by dknightd
Tue Jun 25, 2019 11:51 am
Forum: Personal Consumer Issues
Topic: Dental implant... almost done!
Replies: 53
Views: 3517

Re: Dental implant... almost done!

dm200 wrote:
Tue Jun 25, 2019 11:25 am

The financial benefit to the delay is that it gives me time to plan and budget for the expense.
And you might decide you don't want to do it for other reasons ;)

For us the money comes from "emergency" funds
by dknightd
Tue Jun 25, 2019 10:35 am
Forum: Personal Consumer Issues
Topic: Dental implant... almost done!
Replies: 53
Views: 3517

Re: Dental implant... almost done!

Took my wife in this morning to have 2 more implants done. Goodby $3915. And that does not cover the fake teeth that have to be installed later. I'm missing one tooth. I've thought about having an implant done. I might instead just live with a missing tooth. I had to have it removed about a year ago...
by dknightd
Tue Jun 25, 2019 10:25 am
Forum: Personal Investments
Topic: Retired: Don't want to outlive my funds
Replies: 62
Views: 6590

Re: Retired: Don't want to outlive my funds

I'm 73. . . Social Security + Pension brings me in enough money to almost handle my current expenses. I'm short about 8k a year. . . Now we get down to what to do with the 1 million 401k money. . . . Can you see the quandary I'm in? Based on what I've written, what would you do in my situation. I d...
by dknightd
Tue Jun 25, 2019 10:14 am
Forum: Personal Consumer Issues
Topic: Dealer 30K Service for 2017 RAV4--Unusual Items?
Replies: 52
Views: 4291

Re: Dealer 30K Service for 2017 RAV4--Unusual Items?

Is this what the OP's dealer was trying to avoid with a spray-in cleaner? As I understand it, cleaning the valves after they are carbon built-up to the point of drive issues requires either head removal or walnut shell blasting head in place intake off. I suspect either method is $$$. Mr Ante - Man...
by dknightd
Sun Jun 23, 2019 7:59 pm
Forum: Personal Consumer Issues
Topic: Do you Casino? What do you play? Have you won?
Replies: 82
Views: 4684

Re: Do you Casino? What do you play? Have you won?

I bought a lottery ticket last week. As long as I do not check to see if it was a winner, I can keep the dream alive ;)
by dknightd
Sun Jun 23, 2019 7:54 pm
Forum: Personal Consumer Issues
Topic: Dealer 30K Service for 2017 RAV4--Unusual Items?
Replies: 52
Views: 4291

Re: Dealer 30K Service for 2017 RAV4--Unusual Items?

Direct Inject engines tend to suffer from carbon buildup on the intake valves. It is a hotly debated issue as to whether to proactively clean the valves or not. That said, putting a cleaner in the fuel tank will not clean this carbon off, because in a Direct Inject engine, fuel with cleaners mixed ...
by dknightd
Sun Jun 23, 2019 7:35 pm
Forum: Personal Consumer Issues
Topic: Dealer 30K Service for 2017 RAV4--Unusual Items?
Replies: 52
Views: 4291

Re: Dealer 30K Service for 2017 RAV4--Unusual Items?

+1000 And the transmission fluid drain and fill intervals on late model Honda’s and Toyota’s are typically 60k to 120k, or even lifetime now. These aren’t Volkswagens that will implode if they go 1 mile past the factory interval, no need to baby them and over maintain. There are some things that sh...
by dknightd
Sun Jun 23, 2019 7:06 pm
Forum: Personal Consumer Issues
Topic: Dealer 30K Service for 2017 RAV4--Unusual Items?
Replies: 52
Views: 4291

Re: Dealer 30K Service for 2017 RAV4--Unusual Items?

Doesn't matter as warranties don't cover service items. The OP probably was trying to say that the toyotacare (2 years/24k miles) that covers service is over. When that happens, follow factory recommendations. Most of the other stuff is snake oil. For a car I want to keep long term I follow the sev...
by dknightd
Fri Jun 21, 2019 1:11 pm
Forum: Personal Investments
Topic: Should We Sell Short Term Bonds to Pay Off Mortgage?
Replies: 220
Views: 9785

Re: Should We Sell Short Term Bonds to Pay Off Mortgage?

KlangFool wrote:
Fri Jun 21, 2019 11:47 am
Never take any risk that could wipe you out. Regardless of how good the odd is.

KlangFool
It is hard, perhaps impossible, to argue against that.
But the question was short term bond, or pay off mortgage.
Both have pretty low risk
by dknightd
Fri Jun 21, 2019 11:14 am
Forum: Personal Consumer Issues
Topic: Dealer 30K Service for 2017 RAV4--Unusual Items?
Replies: 52
Views: 4291

Re: Dealer 30K Service for 2017 RAV4--Unusual Items?

My local Toyota dealer insists on doing the following as part of a 30,000 mile service. Car is out of warranty and I pay out of pocket. [ Perform Top Engine Valve Cleaning, Install Fuel, Additive. Top Eng/Induct SVS Parts $35, Labor $94 Install BG MOA and CF5 Fuel Additive Total Deposit Control Kit...
by dknightd
Fri Jun 21, 2019 10:31 am
Forum: Personal Investments
Topic: Should We Sell Short Term Bonds to Pay Off Mortgage?
Replies: 220
Views: 9785

Re: Should We Sell Short Term Bonds to Pay Off Mortgage?

As an aside and in what might be pertinent to you, as long as we're in the 12% bracket, whether working or in retirement, we plan to do Roth conversions up to the top of that bracket. I see virtually no downside to doing so unless tax rates fall again in the future, which I doubt. I plan to fill up...
by dknightd
Fri Jun 21, 2019 9:48 am
Forum: Personal Investments
Topic: Should We Sell Short Term Bonds to Pay Off Mortgage?
Replies: 220
Views: 9785

Re: Should We Sell Short Term Bonds to Pay Off Mortgage?

Assuming interest on the loan is about what you'd earn on bonds it is basically a wash. Or close. I think in some ways it comes down to, what makes you feel happier and more secure. A paid off house, or, more liquidity. It gets more complicated if you are leveraging your home to invest in your broad...
by dknightd
Wed Jun 19, 2019 10:56 am
Forum: Personal Investments
Topic: TIRA to Roths? help Please
Replies: 104
Views: 3615

Re: TIRA to Roths? help Please

Any questions, just ask. Good luck! Once we enter numbers, where do we find that graph? Thanks Above cell G107. Need to change the contents of G107 to "D31" (w/o quotes) and click the "Update chart" button near L114 to make the x-axis tIRA withdrawals" instead of the default "401k contributions". G...
by dknightd
Wed Jun 19, 2019 9:18 am
Forum: Personal Investments
Topic: TIRA to Roths? help Please
Replies: 104
Views: 3615

Re: TIRA to Roths? help Please

FiveK wrote:
Tue Jun 18, 2019 11:16 am

Any questions, just ask. Good luck!
Once we enter numbers, where do we find that graph?
Thanks
by dknightd
Sun Jun 16, 2019 12:08 pm
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 171
Views: 13790

Re: Why do large personal portfolios include bonds?

kfitz1313 wrote:
Sun Jun 16, 2019 8:57 am

Am I missing something?
There is more to life than money
by dknightd
Sun Jun 16, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Should we retire in 4 years?
Replies: 31
Views: 4021

Re: Should we retire in 4 years?

It really depends on your expenses. And what happens in the next 4 years. I cant predict either one.
by dknightd
Sun Jun 16, 2019 11:07 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 321
Views: 38317

Re: How Bad was 2008, really?

2008 was bad. But it could be worse.
by dknightd
Sat Jun 15, 2019 6:35 pm
Forum: Personal Consumer Issues
Topic: Cost of mini split installation? [Ductless Air Conditioning/ Heat]
Replies: 36
Views: 3089

Re: Cost of mini split installation?

I suspect you’ll find hidden ceiling units cost more than wall mount units. I’d get at least 3 estimates. You might decide wall units are ok. Some spaces are well suited to mini split duct. We like our split system. One outside unit. Five inside zones. Cost about 12k. Every space is different. If yo...
by dknightd
Fri Jun 14, 2019 10:56 am
Forum: Personal Consumer Issues
Topic: The Upper Peninsula (UP) in August....What to do, Where to stay?
Replies: 36
Views: 2693

Re: The Upper Peninsula (UP) in August....What to do, Where to stay?

What about agett (SP?) beach? is that in lower or upper Michigan?
by dknightd
Fri Jun 14, 2019 9:24 am
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 212
Views: 22048

Re: How have your homes as investments done?

I've been in the same house for 30 years. I doubt its value has kept up with inflation.
Horrible investment. But we needed a place to live.
I'd do it again.
by dknightd
Fri Jun 14, 2019 6:33 am
Forum: Personal Consumer Issues
Topic: The Upper Peninsula (UP) in August....What to do, Where to stay?
Replies: 36
Views: 2693

Re: The Upper Peninsula (UP) in August....What to do, Where to stay?

My wife and I are (were) thinking about visiting in July. The original plan was to get an airb&b near Munising. But all the good ones are booked. So you are wise to start your search early. We might do something different this year then revisit visiting the UP in another year.
by dknightd
Thu Jun 13, 2019 6:29 am
Forum: Investing - Theory, News & General
Topic: [Nominal] Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 183
Views: 12753

Re: Annuities are a bet on future inflation rates and should not be purchased by retirees

willthrill81 wrote:
Wed Jun 12, 2019 7:40 pm

What are you trying to achieve with an annuity?
Income, that combined with SS, should provide for comfortable enough living no matter how long we live.
by dknightd
Wed Jun 12, 2019 7:22 pm
Forum: Investing - Theory, News & General
Topic: [Nominal] Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 183
Views: 12753

Re: Annuities are a bet on future inflation rates and should not be purchased by retirees

I'm going to buy an annuity in a few months. When I stop getting paid.

If an annuity should not be purchased by a retiree, who should buy one? Perhaps nobody?

I have a plan. My plan includes a dual life annuity. Please do not make me question my plan unless you have a better alternative.

Thanks
by dknightd
Wed Jun 12, 2019 7:09 pm
Forum: Investing - Theory, News & General
Topic: The impact of Baby Boomers on the Future of U.S. Stocks
Replies: 41
Views: 5388

Re: The impact of Baby Boomers on the Future of U.S. Stocks

I don't have the answers to these questions. I am simply concerned. I will write out my concerns in the interest of starting an exchange of ideas on the topic. I believe I read that we have now reached the point where the average baby boomer (defined as birth from 1946 - 1964) has reached the avera...
by dknightd
Wed Jun 12, 2019 6:45 pm
Forum: Personal Consumer Issues
Topic: Toyota Sienna tire replacement at 12k miles
Replies: 72
Views: 4124

Re: Toyota Sienna tire replacement at 12k miles

There is a big difference between legal to drive on, and safe to drive on in inclement weather, or road conditions.
12K is very low. But factory tires are rarely any good.
by dknightd
Wed Jun 12, 2019 4:08 pm
Forum: Investing - Theory, News & General
Topic: "The S&P 500 Is Beating Yale's Endowment Fund"
Replies: 34
Views: 4173

Re: "The S&P 500 Is Beating Yale's Endowment Fund"

Honestly it looks like Yale is doing pretty well.
by dknightd
Wed Jun 12, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: How to preserve $10M+ in wealth owned by unsophisticated people?
Replies: 82
Views: 14773

Re: How to preserve $10M+ in wealth owned by unsophisticated people?

OP perhaps invite your mother, and wife, and kids to join the Bogleheads online community.There is much to be learned here.
by dknightd
Wed Jun 12, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Do you carry Umbrella Insurance?
Replies: 142
Views: 9424

Re: Do you carry Umbrella Insurance?

I'm was thinking around $1m. But that might not be enough. I guess we'll decide after we meet with insurance agent. This reminds me of the adage...never ask your barber if you need a haircut. I don't know how I can decide if I don't know what it will cost. I suspect the insurance agent will be able...
by dknightd
Wed Jun 12, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Do you carry Umbrella Insurance?
Replies: 142
Views: 9424

Re: Do you carry Umbrella Insurance?

I'm was thinking around $1m. But that might not be enough. I guess we'll decide after we meet with insurance agent. This reminds me of the adage...never ask your barber if you need a haircut. I don't know how I can decide if I don't what it will cost. I suspect the insurance agent will be able to p...
by dknightd
Wed Jun 12, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: [Proposed changes to 401(k) and IRAs]
Replies: 85
Views: 3751

Re: "Help Is Almost Here for Retirement Savers"

It is good to have options. Choose the one that makes you happy.
by dknightd
Wed Jun 12, 2019 7:54 am
Forum: Personal Finance (Not Investing)
Topic: How to preserve $10M+ in wealth owned by unsophisticated people?
Replies: 82
Views: 14773

Re: How to preserve $10M+ in wealth owned by unsophisticated people?

QTIP trusts! Wow, thanks. We've done an AB Living Trust which saved us probate when my father passed away, but I did not know about this except vaguely, I will research it. Maybe your mother and father have this already set up in a trust for you. Sorry for the loss of your father. Likely they are m...
by dknightd
Wed Jun 12, 2019 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Pension plus savings vs defined contribution plan for new teacher
Replies: 11
Views: 1029

Re: Pension plus savings vs defined contribution plan for new teacher

1) Assuming she stays at the same teaching job for her entire career, which would be a better option? Likely the pension 2) If she thinks she will leave before the 10 year vesting period, which would be better? Likely the defined contribution. I had a similar decision to make when I started my job....
by dknightd
Mon Jun 10, 2019 7:03 pm
Forum: Personal Consumer Issues
Topic: Anything you wish you had spent money on when you were younger?
Replies: 73
Views: 7250

Re: Anything you wish you had spent money on when you were younger?

When I was younger I pretty much spent all the money I had. I wish I had more money to spend back then.
But it all worked out. At least so far. I'm glad I did not spend more money than I had.
by dknightd
Mon Jun 10, 2019 6:50 pm
Forum: Personal Consumer Issues
Topic: Preventing Identity Theft
Replies: 46
Views: 3824

Re: Preventing Identity Theft

On a related note, I received the following email today: "It's your identity. Help keep it that way. Activate free alerts to help you protect your most precious asset – your identity. FREE Social Security number alerts We'll monitor thousands of Dark Web sites every day and alert you if we find your...
by dknightd
Mon Jun 10, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Do you carry Umbrella Insurance?
Replies: 142
Views: 9424

Re: Do you carry Umbrella Insurance?

Why would I insure an Umbrella? They are cheap and easy to replace. At least the ones I use. Sorry, I could not resist . . . We do not currently have an Umbrella liability insurance policy. But is it something to look at on my to do list. Along with increasing liability insurance on house and cars. ...