Search found 40 matches

by clockman323
Fri Dec 11, 2020 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Engagement Ring Insurance
Replies: 39
Views: 2544

Re: Engagement Ring Insurance

Years ago, we were also quoted a price of about $300 to insure my future wife's engagement ring. If the ring was lost, the insurance does not give you back your ring. They give you money to buy a new ring. So you are not actually insuring the ring, but rather insuring the $10K that it takes to repla...
by clockman323
Wed Nov 25, 2020 10:54 pm
Forum: Personal Consumer Issues
Topic: Car will fit in garage with one inch to spare - thoughts?
Replies: 111
Views: 9086

Re: Car will fit in garage with one inch to spare - thoughts?

matti wrote: Mon Nov 23, 2020 8:30 pm Remember, if you're driving in really hot weather, your wheels (the tires, specifically), will likely increase in diameter up to 2.5 inches or so due to expansion of the rubber.
This may have been true 50 years ago, but it will not apply to modern steel belted radials.
by clockman323
Thu Oct 01, 2020 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Should I quit high paying job?
Replies: 144
Views: 17480

Re: Should I quit high paying job?

To the OP: It sounds like within your industry this isn't some sort of unicorn job. Start looking! You may be able to find companies that will recruit remotely and avoid the COVID worries. Even without the abuse, i'd argue that it's time to move on. You aren't growing in this position. Another thou...
by clockman323
Fri Aug 14, 2020 9:45 am
Forum: Personal Finance (Not Investing)
Topic: More than 20% downpayment?
Replies: 10
Views: 614

Re: More than 20% downpayment?

There are a few cases where a little bit extra is warranted. 1) Reduce the loan value enough to move from a jumbo loan to conventional. This may open up a few additional financing options. 2) The house has extra features that give it value that is not reflected in the appraisal. Your house may have ...
by clockman323
Wed Jul 29, 2020 5:17 pm
Forum: Personal Investments
Topic: Furloughed - Rollover 401K to IRA?
Replies: 21
Views: 1784

Re: Furloughed - Rollover 401K to IRA?

One more thing to consider is that a 401K allows penalty free withdrawals before age 59.5 if you retire from the company in the year you turn 55. This gets repeated often on the forums, but it is not the absolute as is often stated, including above. The federal regulations allow for partial distrib...
by clockman323
Tue Jul 28, 2020 2:37 pm
Forum: Personal Investments
Topic: Furloughed - Rollover 401K to IRA?
Replies: 21
Views: 1784

Re: Furloughed - Rollover 401K to IRA?

One more thing to consider is that a 401K allows penalty free withdrawals before age 59.5 if you retire from the company in the year you turn 55. Getting laid off could be considered to be retired. Not sure about a furlough. You would still owe taxes on the money when it is withdrawn. A taxable IRA ...
by clockman323
Sat Jul 25, 2020 1:23 pm
Forum: Personal Consumer Issues
Topic: Refrigerator Thermometer
Replies: 22
Views: 1368

Re: Refrigerator Thermometer

I have been using an AcuRite 00986 remote sensing thermometer for 5-6 years with great results. No wires and it lets me know the current and min/max ranges for both the freezer and the fridge. The display is about 5 feet away on the microwave oven door.
by clockman323
Tue Jan 28, 2020 11:59 am
Forum: Investing - Theory, News & General
Topic: Ideal Withdrawal Rate
Replies: 15
Views: 2162

Re: Ideal Withdrawal Rate

My biggest issue with the 4% rule is most calculators assume that you lock in the withdrawal rate at the beginning and never change it. I would cut back on discretionary spending if the market has a long bad run. The calculator keeps plugging along at 4% because that is what it was told to do. I als...
by clockman323
Fri Jan 17, 2020 1:06 pm
Forum: Personal Investments
Topic: I think I must stop 401(k) to grow taxable account, but it just feels wrong!
Replies: 19
Views: 2523

Re: I think I must stop 401(k) to grow taxable account, but it just feels wrong!

Some employers might not allow partial withdrawals at 55 (or at any age, or put a limit on the number of partial withdrawals), but it seems to me that they would all have to allow full withdrawal at 55 (or at any age). Penalties and taxes are between you and the IRS. In my case, the withdrawal must...
by clockman323
Sat Nov 16, 2019 7:11 pm
Forum: Personal Consumer Issues
Topic: Basketball hoop that can be moved in and out of garage
Replies: 20
Views: 2238

Re: Basketball hoop that can be moved in and out of garage

Thank you for the helpful suggestions everyone! our HOA does not allow mounting hoops outside garage. unfortunately that can't be an option... I don't understand this very common restriction to many HOA CCRs. A hoop mounted on the garage looks a lot nicer than the portable ones that litter the side...
by clockman323
Fri Nov 15, 2019 4:55 pm
Forum: Personal Consumer Issues
Topic: Best thing you have ever bought?
Replies: 151
Views: 14541

Re: Best thing you have ever bought?

A 3D printer for my hobbies. It cost under $1000 and I spend more time using it than my $20K worth of woodworking equipment. The 3D printer is inside next to my computer where it can be used any time of the day or season. My woodworking tools are in the garage where it gets hot in the summer and col...
by clockman323
Wed Nov 13, 2019 1:18 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin Talk
Replies: 59
Views: 8224

Re: Bitcoin Talk

Bitcoin is a highly speculative investment. Could possibly be a big winner or big loser, massive volatility, a lot like gambling. It is entirely possible at some point that governments will regulate it out of existence. It is also entirely possible that its value will skyrocket if the public loses ...
by clockman323
Wed Jul 03, 2019 11:13 pm
Forum: Personal Consumer Issues
Topic: Wood burning stoves
Replies: 30
Views: 2580

Re: Wood burning stoves

A couple of points: Pellet stoves are a lot cleaner burning than wood stoves and take up less space since they can be safely located much closer to the walls. My wife didn't want the mess from a wood stove and convinced me that we should get a pellet stove instead. It was awesome. We did not have ac...
by clockman323
Mon Jul 01, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Own too much employer stock, should I sell?
Replies: 31
Views: 2592

Re: Own too much employer stock, should I sell?

Many people seem to be saying that you need to sell immediately to lower your risk. It would be really bad to get laid off at age 40 if you need to work an additional 15 years to be FI. They could suffer a double whammy of losing their income plus a large portion of their retirement fund. The OP pla...
by clockman323
Mon Feb 25, 2019 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Selling primary home vs continue as investment property
Replies: 11
Views: 799

Re: Selling primary home vs continue as investment property

I have only 6 more months to qualify for cap gains exclusion. One potential problem is that you may not be able to easily sell it until the current lease ends. If that is the case then unless you could sell it to the current renters or work something out with them to end the lease early then you ma...
by clockman323
Wed Feb 13, 2019 7:37 pm
Forum: Personal Consumer Issues
Topic: Refrigerator Issues
Replies: 19
Views: 1748

Re: Refrigerator Issues

We sometimes have weird temperature variations in our built-in kitchen refrigerator. I bought an AcuRite 00986M remote sensing temperature monitor. The display is a few feet away so I can continuously monitor both the temps in the freezer and refrigerator sides. It also displays min/max variations. ...
by clockman323
Wed Jan 23, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Buy Land, then build house... or Construction to Permanent?
Replies: 23
Views: 2456

Re: Buy Land, then build house... or Construction to Permanent?

I cringe every time I see the amount of money and effort spent on custom dream houses. There is a huge house being built near us. The owners will probably spend $5 million building a house that would likely only sell for $3 million some day. It seems so much easier to keep looking patiently for some...
by clockman323
Tue Jan 15, 2019 1:24 pm
Forum: Personal Consumer Issues
Topic: HomeServe home warranty?
Replies: 6
Views: 783

Re: HomeServe home warranty?

We have always had a 12 month home warranty when we purchased a home and rarely felt satisfied with the results. The warranty company picks the contractor primarily by lowest price. Our worst experience was a built in refrigerator that didn't regulate the temperature properly. The guy they sent was ...
by clockman323
Tue Jan 08, 2019 12:21 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rate at 38 years old
Replies: 95
Views: 9136

Re: Safe withdrawal rate at 38 years old

Almost every reply is based on what the average investor should do. Someone retiring with $500K needs to be absolutely certain that they will not run out of money when they are 85 years old. The OP didn't mention how much money he made from the sale of his business. If it was $100 million, then his ...
by clockman323
Wed Jan 02, 2019 2:03 pm
Forum: Personal Consumer Issues
Topic: Best Way to get rid of leaves
Replies: 83
Views: 9523

Re: Best Way to get rid of leaves

I do not like the sound of leaf blowers, especially the gas types when they are throttled up and down. I do not want to contribute to the din. I am also one of the few nuts who actually enjoys raking for the exercise and satisfaction. Nothing like raking on a crisp autumn day. Pathetic, I know. Hav...
by clockman323
Mon Dec 17, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and separate accounts - how does it work?
Replies: 98
Views: 6150

Re: Marriage and separate accounts - how does it work?

Me and my DW have always had a joint checking account. It seems so much easier. We typically keep a month or two of expenses in the account since we are LBOM. We each have separate credit cards, although payments for all of them come out of the joint account. Occasionally, we have to be careful not ...
by clockman323
Fri Dec 14, 2018 2:17 pm
Forum: Personal Consumer Issues
Topic: Potential New Home - Planes and Trains Noise
Replies: 35
Views: 2820

Re: Potential New Home - Planes and Trains Noise

There are so many types of distracting noises. I would not be comfortable on a corner lot next to a 4-way stop sign on a busy street, especially when motorcycles come by at night. I love the sounds of crickets and frogs, but they are very annoying to my DW.
by clockman323
Thu Dec 13, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Is This Considered Mortgage Interest?
Replies: 5
Views: 663

Re: Is This Considered Mortgage Interest?

Another question to ask is if your parents are going to claim the interest on their tax returns.
by clockman323
Mon Dec 10, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: PC Build Suggestions
Replies: 39
Views: 3486

Re: PC Build Suggestions

Unless things have improved recently, one of the main reasons to build it yourself is to limit the crap software that is installed on prebuilt computers by the various companies. There is a lot of unnecessary software installed that wants you to subscribe to things, etc. You can always reformat and...
by clockman323
Fri Dec 07, 2018 10:51 am
Forum: Personal Investments
Topic: 20M Inheritance - What is best option for small/no risk on principal?
Replies: 93
Views: 13066

Re: 20M Inheritance - What is best option for small/no risk on principal?

I would consider keeping the money invested similar to how the original owners had the money invested. Unless it was from selling as business or land in which case it is no longer invested, but rather sitting as cash. 20 million is a lot of money to live off of. You could invest a few million very c...
by clockman323
Mon Dec 03, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Proper way to retire
Replies: 57
Views: 7004

Re: Proper way to retire

At megacorp where I work, HR recommends 30 days notice, or at least 15 days to prepare the legally required final paycheck. If you give less notice, then you can probably assume that the final paycheck will arrive after your last day. The company should not be blamed if it comes late in this case. F...
by clockman323
Fri Nov 16, 2018 12:47 pm
Forum: Personal Consumer Issues
Topic: Home sale etiquette: wall repair
Replies: 53
Views: 8412

Re: Home sale etiquette: wall repair

We have always patched the nail holes and painted over them. It just seems like the right thing to do. However, every house that we purchased left nail holes everywhere. A small can of spackle is about $3. If I don't have matching paint, then I will cut the surface layer off a 1.5" square of dr...
by clockman323
Thu Nov 15, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 157
Views: 15075

Re: Considering Quitting Job - Seeking Advice. Would you do it?

Congrats on making a decision, RW73. It must be a great relief to see the light at the end of the tunnel. I read through most of the replies and they are almost completely voting "quit ASAP". Is there a possibility of transferring to a low stress position at your current company that would...
by clockman323
Thu Nov 15, 2018 12:20 pm
Forum: Personal Investments
Topic: My Grandmother has 80% stocks
Replies: 55
Views: 6259

Re: My Grandmother has 80% stocks

Asset allocation is completely dependent on how much money a person needs to withdraw. If they have a pension and social security to cover all of their expenses, then they can invest the rest any way they want. If they need $50K per year for living expenses, then a portion of their investments shoul...
by clockman323
Mon Nov 12, 2018 7:02 pm
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 4747

Re: tipping for grocery delivery

Tipping is out of control in this country You are absolutely right. What is wrong with business owners paying their help a decent wage in the first place. Bingo. The United States of America federal government requires a wage of at least $2.13 per hour be paid to employees that receive at least $30...
by clockman323
Fri Nov 09, 2018 12:20 pm
Forum: Personal Consumer Issues
Topic: Best deals to buy iphones
Replies: 66
Views: 7543

Re: Best deals to buy iphones

FWIW - Sam's Club is having a one-day event this Saturday November 10th. iPhone X, XS, XS Max and XR purchases will get up to $300 Sam's Club gift card (depending on carrier). Read the fine print on their add, but I believe the $300 gift card rebate will apply to upgrades as well as new lines. http...
by clockman323
Fri Nov 09, 2018 12:12 pm
Forum: Personal Consumer Issues
Topic: New Treadmill - Proposition 65 Warning Label
Replies: 22
Views: 7425

Re: New Treadmill - Proposition 65 Warning Label

You are safe unless you live in California where everything causes cancer. Prop 65 is a great example of the actual effect being completely different than the intent. It was supposed to help consumers make wise choices about safe vs unsafe products. Instead, every single product has the warning labe...
by clockman323
Wed Oct 31, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Falling off the ACA subsidy cliff
Replies: 62
Views: 6416

Re: Falling off the ACA subsidy cliff

I'm in a similar situation such as yourself, projected to fly right off that ACA cliff and if so, would have to pay back $10,000 in subsidies. Last year our MAGI was right below the cliff; this year both wife and myself made more income. I'm pulling every possible lever I can to get below the cliff...
by clockman323
Thu Oct 18, 2018 11:09 am
Forum: Personal Consumer Issues
Topic: Sister buying house FIL want to give money for downpayment
Replies: 10
Views: 1829

Re: Sister buying house FIL want to give money for downpayment

It would be best for the FIL to gift the money at least 3 months in advance. Many banks don't like to make loans if part of the down payment is potentially a loan from a relative. They usually look for the past 2-3 months of bank statements.
by clockman323
Wed Oct 03, 2018 12:44 pm
Forum: Personal Consumer Issues
Topic: Tipping
Replies: 55
Views: 4345

Re: Tipping

I base my tip on the size of the restaurant. A small place where we are practically the only customers will get 25-30%. A busy place where it looks like one waitress is covering 10 or more tables an hour might only get 10%.
by clockman323
Mon Oct 01, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Suze Orman - "I hate the FIRE movement."
Replies: 75
Views: 10871

Re: Suze Orman - "I hate the FIRE movement."

My thoughts about the biggest flaws in her reasoning is that everyone is in a different situation. How can age 70 be the magic number for everyone? If someone with a low wage job and minimal savings can retire at age 70, why should a good earner with 40-50 years of savings also have to wait until ag...
by clockman323
Fri Sep 28, 2018 1:44 pm
Forum: Personal Consumer Issues
Topic: Unexpected calls from my cell phone
Replies: 18
Views: 1598

Re: Unexpected calls from my cell phone

It might be a workaround that the spammers started using to get around call blocking from services like Nororobo. Apparently, these when the spammers make it look like a local call, the call does not get blocked. I get about one call per week on my cell phone that appears to be from the same area co...
by clockman323
Sun Sep 23, 2018 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: How did you decide when to retire?
Replies: 54
Views: 9164

Re: How did you decide when to retire?

I plan to retire Jan 2 2019. For me, the decision was made as soon as we had enough money saved when combined with other income streams. Jan 2 locks in the annual bonus at megacorp while still limiting 2019 earnings to hopefully stay under the ACA limits.

Work stopped being fun a few years ago.
by clockman323
Fri Sep 07, 2018 11:21 am
Forum: Personal Consumer Issues
Topic: Removing Existing Satellite Systems
Replies: 23
Views: 4248

Re: Removing Existing Satellite Systems

We bought a house that had two existing dishes from different companies. Our local DirectTV installer said that they always install new hardware when they do a new install because they don't trust the quality of the old equipment. They didn't even want to re-use the existing roof mounted poles. It c...
by clockman323
Thu Aug 02, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Soc Sec benefit estimates: Anyone get a nasty surprise when filing?
Replies: 61
Views: 8673

Re: Soc Sec benefit estimates: Anyone get a nasty surprise when filing?

My social security statement shows $2978 per month if I continue working and retire at FRA. I am in my mid 50's with nearly 30 years of taxable earnings, about 2/3 of them at the SSA max.

The calculations on the SSA web site show a drop of around 10% if I retire now and have no future earnings.