Search found 70 matches

by JimMolony
Wed Aug 05, 2020 11:21 am
Forum: Investing - Theory, News & General
Topic: How do the tech giants exceed expectations so consistently?
Replies: 25
Views: 2060

Re: How do the tech giants exceed expectations so consistently?

Because, in the words of Marc Andreessen, software is eating the world. The tech giants aren't just exceeding expectations on their existing lines of business, they're continuously entering into new lines of business. Amazon went from books to general retail to logistics to cloud computing to enter...
by JimMolony
Fri Jul 03, 2020 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Cash Out Refinance Home Improvement
Replies: 6
Views: 521

Re: Cash Out Refinance Home Improvement

Pay cash for remodel or don't do it until you can pay cash. As much as most people want to believe, remodels don't add value to the home, they are primarily there to make you (or you spouse) happy.

Good luck.
by JimMolony
Wed Jul 01, 2020 8:59 am
Forum: Personal Consumer Issues
Topic: Renting an RV for the first time. Any advice?
Replies: 53
Views: 3438

Re: Renting an RV for the first time. Any advice?

Our favorite campground review website: https://www.campgroundreviews.com/

Usually fairly accurate reviews. Prefer to stay at campgrounds rate 7,8,9 or 10.

Make sure they can accommodate the RV length you rent.

Enjoy.
by JimMolony
Tue Jun 23, 2020 7:08 pm
Forum: Personal Consumer Issues
Topic: PSA: Replace the anode rod on your water heater every few years to prolong its life.
Replies: 89
Views: 7715

Re: PSA: Replace the anode rod on your water heater every few years to prolong its life.

At the risk of asking a dumb question, does anyone have a suggestion about how I can determine the age of my water heater. All I know is that it was in the house we bought in 1996. I've looked all over the water heater but can't find any date. I don't know but I was in a similar situation as you. M...
by JimMolony
Tue Jun 23, 2020 7:03 pm
Forum: Personal Consumer Issues
Topic: PSA: Replace the anode rod on your water heater every few years to prolong its life.
Replies: 89
Views: 7715

Re: PSA: Replace the anode rod on your water heater every few years to prolong its life.

A few caveats: Some brands build them into the cold water inlet and are not accessible or possible to replace. They are primarily made of either magnesium or aluminum. Certain water hardness of water (well or city water) react poorly to the wrong type of rod (magnesium or aluminum) causing a sulfuri...
by JimMolony
Tue Jun 23, 2020 1:08 pm
Forum: Personal Consumer Issues
Topic: Retiring Abroad
Replies: 109
Views: 11995

Re: Retiring Abroad

Very helpful. Thank you.
by JimMolony
Sat Jun 20, 2020 8:25 pm
Forum: Personal Consumer Issues
Topic: Retiring Abroad
Replies: 109
Views: 11995

Re: Retiring Abroad

We did this this year. Quit my job after 2019 bonuses were paid in February of 2020 and “FIRED” and moved with my family from a HCOL in the US to the beach in Portugal. Right before the world shut down for the virus. Happy to answer any questions if I can help. It’s been a great experience so far, ...
by JimMolony
Fri Jun 19, 2020 4:08 pm
Forum: Personal Consumer Issues
Topic: Worth fixing a 30-year-old Maytag dryer?
Replies: 77
Views: 17749

Re: Worth fixing a 30-year-old Maytag dryer?

Planned obsolescence. My 2.5 year old Maytag washing machine died earlier this week. Being pretty handy I figured I could fix myself. Actually would have been an easy fix replacing the lid. Cheap made plastic at the hinges cracked rendering it useless. The new part was $293!!!!! Wow. So $300 on a ma...
by JimMolony
Thu Jun 11, 2020 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: home improvement vs investment?
Replies: 25
Views: 1157

Re: home improvement vs investment?

Pretty new house to upgrade. Do you plan to live there long?

If it were me, I'd invest and kick the house upgrades down the road when it starts showing it's age. By then (hopefully) your investments will easily cover any upgrades with plenty of money to spare.
by JimMolony
Sun Jun 07, 2020 2:28 pm
Forum: Personal Consumer Issues
Topic: Water Heater: Rheem vs AO Smith
Replies: 36
Views: 4795

Re: Water Heater: Rheem vs AO Smith

I used to be in the Water Heater business for years. I've installed every brand. Both Rheem and AO Smith are good products and you can't go wrong with either. For the most part, you are buying an extended warranty when you pay more for the the 12 year vs. 9 year vs. 6 year. Sometimes, not often, the...
by JimMolony
Wed May 20, 2020 6:19 pm
Forum: Personal Consumer Issues
Topic: What is your most luxury/expensive hobby.
Replies: 264
Views: 20606

Re: What is your most luxury/expensive hobby.

Running marathons..... all around the world. New to sport, but have done 2 in California. Next up: Boston - 2021 London - 2022 Tokyo - 2023 NYC - ? Chicago Athens, Greece (must do the original). Mostly travel costs (but they'll add up). Marathon entry fees not bad at $100-200. Spend $500 a year on r...
by JimMolony
Fri Apr 17, 2020 4:40 pm
Forum: Personal Consumer Issues
Topic: Runners -Anyone use the old fashion Shoe Goo??
Replies: 30
Views: 1434

Re: Runners -Anyone use the old fashion Shoe Goo??

Competitive marathon runner here. I replace shoes every 400 miles on the nose. Since I run 60-ish miles per week shoes only last me 6-7 weeks. I rotate everyday between 3 different pair as it's not good for the feet to run in the same shoes everyday. Shoes are only meant to last 350-500 miles before...
by JimMolony
Thu Apr 09, 2020 11:12 am
Forum: Investing - Theory, News & General
Topic: Inherited IRA
Replies: 8
Views: 511

Re: Inherited IRA

Is there an RMD for an inherited IRA? I thought you only needed to withdrawl the funds within 10 years.
by JimMolony
Mon Mar 30, 2020 5:57 pm
Forum: Personal Consumer Issues
Topic: Convince me to choose a Suburban over a Sequoia
Replies: 87
Views: 36872

Re: Convince me to choose a Suburban over a Sequoia

We're finally making the move the spot where we've been vacationing for years in Montana, and with a family of 6 and 2 dogs, transportation is a challenge. We do lots of camping, skiing, and backpacking, and frankly, the Highlander isn't doing it, anymore, as there is essentially zero room in the b...
by JimMolony
Mon Mar 30, 2020 12:57 pm
Forum: Personal Investments
Topic: Secure Act inherited IRA questions
Replies: 6
Views: 605

Re: Secure Act inherited IRA questions

My wife's mother passed away recently. She has 3 daughters (one being my wife) that will each inherit equal shares of her IRA. Were the three daughters named as equal co-beneficiaries of the IRA account? Or are they equal co-ineritors under a will? Or in a trust? Or? Yes, each daughter is an equal ...
by JimMolony
Mon Mar 30, 2020 11:43 am
Forum: Personal Consumer Issues
Topic: What's worth paying more for?
Replies: 80
Views: 6676

Re: What's worth paying more for?

Tennis racquets
Running shoes (marathon runner)
Tools or home use
by JimMolony
Fri Mar 27, 2020 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus check from pandemic 2020
Replies: 37
Views: 3281

Re: Stimulus check from pandemic 2020

If using AGI to determine eligibility, then the Roth conversions that I have done (both in 2018 and 2019) will really hurt me! My income falls within the "phase-out" zone, and the conversions have boosted my AGI to the point that I will get a lot smaller payment. Seems that they should exxclude thi...
by JimMolony
Fri Mar 27, 2020 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus check from pandemic 2020
Replies: 37
Views: 3281

Re: Stimulus check from pandemic 2020

If my 2019 income is lower than 2018, should I file taxes as soon as possible or is it already too late? Or will it all get trued up the same way once I have my 2020 income? That's what I did yesterday since my 2019 income was lower when I took the year off. No way my 2018 income would qualify me. ...
by JimMolony
Fri Mar 27, 2020 5:19 pm
Forum: Personal Investments
Topic: Secure Act inherited IRA questions
Replies: 6
Views: 605

Secure Act inherited IRA questions

My wife's mother passed away recently. She has 3 daughters (one being my wife) that will each inherit equal shares of her IRA. I understand it must be withdrawn (doesn't have to be in equal amounts) over the course of 10 years. How is this managed or executed? Can we ask the broker for 1/3rd the amo...
by JimMolony
Mon Mar 16, 2020 7:35 pm
Forum: Personal Consumer Issues
Topic: Take out food vs COVID 19
Replies: 95
Views: 6668

Re: Take out food vs COVID 19

No way would I grab take out or delivery. Not risking the person preparing my food being infected. This makes no sense to me to take this risk. We are relatively young, healthy and fitness fanatics - but self-quarantining. My intent of the linked article is not to cause panic, but please look at the...
by JimMolony
Sun Mar 15, 2020 3:58 pm
Forum: Personal Consumer Issues
Topic: Are you still going to the gym ...
Replies: 210
Views: 12693

Re: Are you still going to the gym ...

Nope. No going Running outdoors now instead. Doing sit ups, pull ups and push ups at home for now. Going to a gym is the same thing as going to a restaurant, work or other place with people. Not smart. Self isolating. I find this forum to be generally filled with incredibly smart, rational people. ...
by JimMolony
Sun Mar 15, 2020 12:20 pm
Forum: Personal Consumer Issues
Topic: Are you still going to the gym ...
Replies: 210
Views: 12693

Re: Are you still going to the gym ...

Nope. No going

Running outdoors now instead. Doing sit ups, pull ups and push ups at home for now.

Going to a gym is the same thing as going to a restaurant, work or other place with people. Not smart. Self isolating.
by JimMolony
Fri Feb 14, 2020 8:24 pm
Forum: US Chapters
Topic: Sacramento Area Bogleheads - Topic History
Replies: 1
Views: 516

Re: Sacramento Area Bogleheads - Topic History

Always good discussions and meetings at the Sacramento chapter.
by JimMolony
Fri Dec 13, 2019 6:18 pm
Forum: Personal Investments
Topic: WWYD? - advice needed. 41 yr old in VHCOL, FIRE? thinking of leaving high stress job.
Replies: 54
Views: 4373

Re: WWYD? - advice needed. 41 yr old in VHCOL, FIRE? thinking of leaving high stress job.

Is there something else you want to do in life? If you only want to work, then keep working. If you have nothing else you want to do, keep working. Frankly, if you can't think of anything else you'd rather do (besides worrying if you have enough to retire), maybe dying young from stress and overwor...
by JimMolony
Tue Nov 26, 2019 1:54 pm
Forum: Personal Consumer Issues
Topic: Bucket List Adventures/Activities
Replies: 133
Views: 16451

Re: Bucket List Adventures/Activities

• Watch running of bulls in Pamplona • Wimbledon (June-July) • French Open (May-June) • Australian Open • US Open • Broadway musical in London • Opera in Austria • River cruise in Germany • Octoberfest in Munich • Camino to Santiago de Compostela (Spain) • St Patrick’s Day: The feast of Saint Patric...
by JimMolony
Wed Nov 20, 2019 6:46 pm
Forum: Personal Consumer Issues
Topic: Water heater - am I getting ripped off
Replies: 58
Views: 4614

Re: Water heater - am I getting ripped off

I used to own a company that specialized in water heaters (nationwide). Here are the costs: 50 gallon gas at Home Depot $558 (online) B-vent 4" material (really depends on how far that have to run it ($30-70-ish) Some new black pipe parts ($20-30-ish) New copper for water hook ups and P/T line ($20-...
by JimMolony
Tue Oct 29, 2019 8:54 pm
Forum: Personal Consumer Issues
Topic: Wallets [Do you carry a wallet?]
Replies: 102
Views: 9698

Re: Wallets [Do you carry a wallet?]

I use this "U" shaped piece of aluminum called the Decadent Minimalist (google it or Amazon). You can get them to carry like 4, 8 or 12 cards. Very small and easily slips in my front pocket. Too worried about carrying a wallet in my back pocket these days. I got the 8 card version and only carry 7 p...
by JimMolony
Thu Oct 24, 2019 3:40 pm
Forum: Personal Consumer Issues
Topic: Does the Average Homeowner Need a Water Shut Off Valve?
Replies: 56
Views: 6412

Re: Does the Average Homeowner Need a Water Shut Off Valve?

Can you provide the name or brand of the shut off valve? I'm a former plumber and would like to do some research. This seems like a crazy amount of money for a shut off valve. The labor should be in the $200-450 range - not a very difficult job. Hard for me to believe the valve would be that costly....
by JimMolony
Fri Oct 04, 2019 3:23 pm
Forum: Personal Investments
Topic: IRA to Roth conversion
Replies: 9
Views: 1374

IRA to Roth conversion

I took a year off work this year to pursue some personal goals. Thus no income for 2019. I believe this is an ideal time to convert funds from an IRA to Roth, correct? Obviously the goals is to minimize taxes so I'll figure out the tax brackets and convert as much as I can. My main question - Can I ...
by JimMolony
Thu Sep 19, 2019 2:07 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 8887

Re: How to handle "split-the-bill" group lunches?

If you know in advance that others are going to order alcohol, order a more expensive meal or larger size and take some home if it bothers you that much :D . It'll even out. Otherwise just suck it up.
by JimMolony
Sat Sep 07, 2019 1:39 pm
Forum: Personal Investments
Topic: Saving for a Condo
Replies: 5
Views: 534

Re: Saving for a Condo

From a real estate purchasing perspective, a recession is an opportunity to buy on the low side many times:).
by JimMolony
Fri Aug 30, 2019 3:33 pm
Forum: Personal Consumer Issues
Topic: College age male: How much money for food?
Replies: 138
Views: 6727

Re: College age male: How much money for food?

My son was a bit smaller than average (5'8" and only 130 lbs) and he lived okay on $200-250 per month. This didn't include alcohol or dining out.
by JimMolony
Sun Aug 18, 2019 10:29 am
Forum: Personal Consumer Issues
Topic: Battery powered lawn mower
Replies: 54
Views: 3791

Battery powered lawn mower

Any advice? Brand?

Good experience or bad?

I have about a 1/2 acre yard. Some of the 80+ volt batteries seem like they should do the trick.

Any help appreciated.
by JimMolony
Mon Aug 05, 2019 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Are Ally ACH transactions always slow?
Replies: 22
Views: 1229

Re: Are Ally ACH transactions always slow?

Ally has been very slow for me.
by JimMolony
Fri Aug 02, 2019 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Buying $20k worth of mortgage points.
Replies: 47
Views: 4139

Re: Buying $20k worth of mortgage points.

Can you stretch with the extra $20k to only take out a 15 or 20 year mortgage? Not only will you pay a lower rate for the loan, but run the amortization schedule - you'll be amazed at how much less interest you'll pay over the life of it. If you can't stretch the increase in payment, then throw the ...
by JimMolony
Thu Jul 25, 2019 6:57 pm
Forum: Personal Consumer Issues
Topic: Sacramento Home Owners - House Areas/Questions
Replies: 18
Views: 2751

Re: Sacramento Home Owners - House Areas/Questions

There are amazing parts (higher end) of Fair Oaks and Carmichael also (close to the American River). Unfortunately many of the new homes in newer cities are built on very small plots of land which is not what my wife and I wanted. We bought a nice house in a great neighborhood in Fair Oaks on 1/2 an...
by JimMolony
Thu Jul 25, 2019 1:12 pm
Forum: Non-US Investing
Topic: Irish-US Dual citizen. Best method of saving while living in Ireland for a recent graduate
Replies: 15
Views: 966

Re: Irish-US Dual citizen. Best method of saving while living in Ireland for a recent graduate

donnachadh,

Sorry I can't help, but can you provide links to the resources on this forum and the wiki that you found very useful?

I too am a dual US/Irish citizen and in need of more understanding.

THx,
by JimMolony
Wed Jun 05, 2019 5:10 pm
Forum: Personal Consumer Issues
Topic: Walking Cities, potential for retirees
Replies: 102
Views: 11583

Re: Walking Cities, potential for retirees

San Luis Obispo, CA

And you can do it year round without putting on boots or a winter coat:)
by JimMolony
Wed Jun 05, 2019 2:43 pm
Forum: Personal Consumer Issues
Topic: How to pay electrician
Replies: 38
Views: 3737

Re: How to pay electrician

I'd pay the original amount unless he came to me with a valid reason for the overage.
by JimMolony
Tue May 21, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: remodeling costs in san francisco
Replies: 36
Views: 4494

Re: remodeling costs in san francisco

Holy Cow! $80k I did my own guest bath this past winter. Stripped entire thing down to the studs. Took out tub and built show with new curb and all sealed in walls with pan. Tiled the entire bathroom floor to ceiling with accent tile in shower to match tile behind vanity. New toilet, vanity, sink, a...
by JimMolony
Fri May 17, 2019 4:26 pm
Forum: Personal Consumer Issues
Topic: Why do plumbers get paid so well?
Replies: 84
Views: 7102

Re: Why do plumbers get paid so well?

I remember asking my dentist why it costs $500 for 30 minutes of work. Her response: I can spend more time in your mouth if you want.

Your paying for education, training, experience and getting the job done right.
by JimMolony
Wed Apr 24, 2019 6:22 pm
Forum: Personal Consumer Issues
Topic: How many millionaires mow their own lawn?
Replies: 7
Views: 1598

Re: How many millionaires mow their own lawn?

I do. And I enjoy it most of the time.

My labor is free:)
by JimMolony
Wed Mar 27, 2019 5:50 pm
Forum: Personal Consumer Issues
Topic: How will you spend your retirement money?
Replies: 86
Views: 10951

Re: How will you spend your retirement money?

1. Sell house (HCOL - California) 2. Move to a "no state tax" state for 6 months to establish residency - Don't want to pay state income tax for 4-6 years of travel. 3. Move to Europe for 2-3 years. Staying 1 month in Airbnb's/rentals/VRBO per large city/country that we are interested in. North in s...
by JimMolony
Thu Feb 21, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Help Rent Condo or Sell?
Replies: 3
Views: 202

Re: Help Rent Condo or Sell?

Being a landlord is a part time job. If even you have a maintenance guy, you still have to manage it. Or pay someone to manage it. If it were me, I'd sell it.
by JimMolony
Wed Feb 20, 2019 3:52 pm
Forum: Personal Investments
Topic: Consulting for company I retired from?
Replies: 13
Views: 1379

Re: Consulting for company I retired from?

Going in with caveats. If they want you bad enough they'll agree. Tell them funding must be restored to level you had it. Also ask for 20-30% more than you normally would charge to pay for the extra work to bring it back up to standards. If you think it could tarnish you professional image -- don't ...
by JimMolony
Mon Feb 18, 2019 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: When to take SS
Replies: 16
Views: 1962

Re: When to take SS

Hard to comment as it has to do with Calfornia teacher's situation. Just make sure you undertsand it correctly, some of us in DC region recently saw a presentation by the chief actuary of SS and he was saying many non-SS paying people are nonetheless covered due to spouse, but presumably not all ca...
by JimMolony
Mon Feb 18, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: When to take SS
Replies: 16
Views: 1962

Re: When to take SS

I'm not an expert here. But are you certain that your wife/widow will not be eligible for spousal/survivor benefits off of your SS? Again, I'm not an expert but I have been reading about SS rules for a number of years and I haven't heard of this sort of thing, although your situation is different f...
by JimMolony
Mon Feb 18, 2019 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: When to take SS
Replies: 16
Views: 1962

Re: When to take SS

One's death date seems the obvious wildcard in all of these discussions. Does a spouse get any SS benefit at all if you die before you start taking SS? No death benefits AT ALL if I file at or before FRA. Unfortunately the Government Pension Offset from her pension is greater than my Social Securit...
by JimMolony
Mon Feb 18, 2019 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: When to take SS
Replies: 16
Views: 1962

When to take SS

Only 52 and wife is 53 but doing retirement planning. We are looking to retire around age 60-61. Wife is a teacher with pension (California). As a teacher she is not eligible for Social Security (only fair since she doesn't pay in), nor will she get 1/2 of mine. What I've recently learned is she wil...
by JimMolony
Fri Feb 15, 2019 6:54 pm
Forum: Personal Consumer Issues
Topic: Another "Is it worth it to fix" question [2002 Nissan Sentra]
Replies: 66
Views: 4615

Re: Another "Is it worth it to fix" question

To solve for ACA and income bracket. Hard to say this, but maybe financing a low mileage 2-3 year old car could work? You'd have to run the numbers, but perhaps interest on a $20k car is less a hit than increased ACA costs? This would allow you to only withdraw the annual payments instead of the who...