Search found 54 matches

by NerdicSkier
Thu Jan 21, 2021 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Any Bogleheads hold/ held Berkshire Hathaway Shares?
Replies: 17
Views: 1509

Re: Any Bogleheads hold/ held Berkshire Hathaway Shares?

I sold my free share of Rite-Aid that I received from Robinhood and bought Berkshire - 0.000014 shares.
by NerdicSkier
Mon Jan 11, 2021 2:15 pm
Forum: Personal Consumer Issues
Topic: Speed Queen Washer & Dryer
Replies: 24
Views: 1993

Re: Speed Queen Washer & Dryer

Our house came with a water saver washing machine that left a residue on our clothes. Water is not a scarce resource where we live. So the procurement department found a speed queen for us. Very simple and it has been perfect for our needs without any problems, for five years or so. Only complaint i...
by NerdicSkier
Tue Dec 29, 2020 10:26 am
Forum: Personal Finance (Not Investing)
Topic: How important is tax strategy for building wealth?
Replies: 158
Views: 10802

Re: How important is tax strategy for building wealth?

This exclusionary and condescending attitude drives people away. Bogleheads isn't only for the top 1%. The OP previously posted their gross income was $65k. I maintain the OP would get more benefit from finding some way, any way to boost their income, assuming that's doable, than worrying about whe...
by NerdicSkier
Mon Dec 21, 2020 10:31 am
Forum: Personal Finance (Not Investing)
Topic: What is the Worst Financial Decision/Mistake You Have Made?
Replies: 230
Views: 18210

Re: What is the Worst Financial Decision/Mistake You Have Made?

Worst financial decision was to get married and have a family. Best lifestyle decision was to get married and have a family.
by NerdicSkier
Wed Nov 25, 2020 12:57 pm
Forum: Investing - Theory, News & General
Topic: Investment Policy Statement
Replies: 13
Views: 926

Re: Investment Policy Statement

My favorite IPS statement is that I have implemented a "cooling off" period of 30 days. I have to write a proposed change in the IPS and wait at least 30 days before making any changes. I am in the evaluation stage for a proposed change - contemplating switching to total stonk market index...
by NerdicSkier
Mon Nov 23, 2020 2:26 pm
Forum: Personal Consumer Issues
Topic: What are you getting your s/o for the holidays?
Replies: 123
Views: 9178

Re: What are you getting your s/o for the holidays?

Broken Man 1999 wrote: Mon Nov 23, 2020 12:27 pm
Never heard of a neck knife. Pretty handy tool for being in the woods, for sure!

Broken Man 1999
We've been watching a thru-hiker "Dixie" on the Pacific Crest Trail on the you-tubes and she uses one, that is the inspiration.
by NerdicSkier
Mon Nov 23, 2020 12:16 pm
Forum: Personal Consumer Issues
Topic: What are you getting your s/o for the holidays?
Replies: 123
Views: 9178

Re: What are you getting your s/o for the holidays?

I bought DW a neck knife from MT knives - we have been hiking a lot together this year (covid) and I hope it's a way to commemorate the good times this year and build on more in the future.
by NerdicSkier
Thu Nov 19, 2020 1:41 pm
Forum: Personal Consumer Issues
Topic: Need to move out of AAA Insurance
Replies: 23
Views: 1791

Re: Need to move out of AAA Insurance

I have had AAA for 20 years for auto and more recently for home. I have great service from my agent (she laughs at my jokes) and not too much hassle with two claims that I have had including a totaled vehicle. I shop occasionally but find only nominal savings - and I expect that those are "teas...
by NerdicSkier
Wed Nov 18, 2020 7:19 am
Forum: Personal Finance (Not Investing)
Topic: What % of your Net Worth is Home Equity? What % is total value of RE relative to net worth?
Replies: 124
Views: 6960

Re: What % of your Net Worth is Home Equity? What % is total value of RE relative to net worth?

1. 15% 2. 40% These values are based on a conservative estimate of home value, too, having enjoyed appreciation since we bought 5 years ago. I'm not comfortable being this real-estate heavy and it was a stretch for us to buy this house when we did, but we are over the hump of raising a family and wa...
by NerdicSkier
Sun Nov 01, 2020 9:37 pm
Forum: Investing - Theory, News & General
Topic: CARES Rollover: “Bad” Plan to “Good” Plan
Replies: 16
Views: 1986

Re: CARES Rollover: “Bad” Plan to “Good” Plan

Schwab, but they didn't have a dedicated form at that time. Customer service wasn't much help either. I followed the advice of another poster and wrote "coronavirus distribution repayment" on the contribution form.
by NerdicSkier
Sun Nov 01, 2020 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Family Limited Partnership Taxes
Replies: 2
Views: 260

Re: Family Limited Partnership Taxes

If you sell your partnership interest, you'll have a capital gain on the sale of your partnership interest. If you'll have a gain, the partnership's lawyer may want to suggest that remaining partners buy your partnership interest instead of having the partnership buy it. In that way, the partnershi...
by NerdicSkier
Sun Nov 01, 2020 2:27 pm
Forum: Investing - Theory, News & General
Topic: CARES Rollover: “Bad” Plan to “Good” Plan
Replies: 16
Views: 1986

Re: CARES Rollover: “Bad” Plan to “Good” Plan

I checked with my "bad" plan administrator by e-mail correspondence and they said it would be allowed, but I'm not convinced that they were aware that the plan would need to implement a special provision. I'll push the issue with them if I get serious about the rollover. I successfully co...
by NerdicSkier
Sun Nov 01, 2020 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Family Limited Partnership Taxes
Replies: 2
Views: 260

Family Limited Partnership Taxes

I am a minority partner in a FLP. We are selling real estate within the partnership. What will be the tax treatment? Capital gains on the K-1 and a stepped up basis? I am selling my shares back to the partnership and hoping to avoid being taxed twice on the real estate sale effectively.
by NerdicSkier
Thu Oct 01, 2020 8:40 am
Forum: Personal Consumer Issues
Topic: Favorite Camping Gear
Replies: 71
Views: 5218

Re: Favorite Camping Gear

willthrill81 wrote: Wed Sep 30, 2020 8:59 pm Another great one is Homemade Wanderlust. She's a triple crown thru-hiker.
+1, watching an episode a day from Dixie was our COVID routine
by NerdicSkier
Mon Aug 17, 2020 4:03 pm
Forum: Investing - Theory, News & General
Topic: When should one share financials with their children?
Replies: 205
Views: 13462

Re: When should one share financials with their children?

My children are school-age so I hopefully have many years before they will need a working knowledge of our financials due to loss or impairment. However, I have shared as much detail as they care to have with respect to our income, expenses, assets, and liabilities. My late elementary school daughte...
by NerdicSkier
Mon Aug 03, 2020 11:42 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4910
Views: 1308614

Re: What Book Are You Currently Reading? Part VI

Tales of a Fourth Grade Nothing; Island of the Blue Dolphins; My Side of the Mountain; The Book of Three. Granted, I'm reading these books to my daughter . . .but I do enjoy them as well. I recently finished reading The Book of Three to my daughter. I'm so glad that I captured the opportunity to do...
by NerdicSkier
Tue Jul 28, 2020 4:11 pm
Forum: Personal Investments
Topic: CARES act lets you take out retirement without penalty, when does it expire?
Replies: 12
Views: 1284

Re: CARES act lets you take out retirement without penalty, when does it expire?

You can also move up to 100K from a lousy employer 401K to a rollover IRA at a custodian with lower fees and more investment options. For the latter, you can do a full repayment in year 1, or spread it out across 3 years, and end up not incurring any taxes owed. I am doing this. Goodbye, 1.56% annu...
by NerdicSkier
Tue Jul 28, 2020 3:51 pm
Forum: Personal Investments
Topic: CARES act lets you take out retirement without penalty, when does it expire?
Replies: 12
Views: 1284

Re: CARES act lets you take out retirement without penalty, when does it expire?

You can also move up to 100K from a lousy employer 401K to a rollover IRA at a custodian with lower fees and more investment options. For the latter, you can do a full repayment in year 1, or spread it out across 3 years, and end up not incurring any taxes owed. I am doing this. Goodbye, 1.56% annu...
by NerdicSkier
Tue Jul 21, 2020 1:05 pm
Forum: Personal Consumer Issues
Topic: Duct Cleaning- Your Thoughts
Replies: 37
Views: 2334

Re: Duct Cleaning- Your Thoughts

I spent a half of a day pretending to clean the ducts just so that DW wouldn't feel the need to hire someone to do it. I made a good show of it though with some loofas and stuff.
by NerdicSkier
Thu Jul 02, 2020 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 155
Views: 14674

Re: Hopeless Civil Engineer

SmallSaver wrote: Thu Jul 02, 2020 9:36 am
Money isn't everything, but absolutely do not go into wildlife/plants for the money.
In college I knew a couple that were a civil engineer and an ecologist, they wanted to start a company called, "Pave and Save".
by NerdicSkier
Thu May 28, 2020 1:22 pm
Forum: Personal Investments
Topic: Have you been following your IPS?
Replies: 42
Views: 2160

Re: Have you been following your IPS?

Yes, I have followed my IPS. 70/30, rebalance twice a year in January and July. I stuck to my guns and am maxing out his and hers retirement accounts. However, I am also increasing my cash buffer - this has both felt prudent and been a natural consequence of reduced spending and COVID payment.
by NerdicSkier
Fri May 08, 2020 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Pandemic Unemployment Assistance - College Internship
Replies: 5
Views: 523

Re: Pandemic Unemployment Assistance - College Internship

Thanks all - I'm hearing that applying is a good idea. Fortunately he has documentation for the co-op.
by NerdicSkier
Thu May 07, 2020 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Pandemic Unemployment Assistance - College Internship
Replies: 5
Views: 523

Pandemic Unemployment Assistance - College Internship

Dear son DS is a 20 year old college sophomore. He was offered an internship from May through fall semester but now that has been rescinded. He's currently working part time at a lower wage for a previous employer. He finished the rest of his spring semester on-line at home. Is he eligible and shoul...
by NerdicSkier
Mon May 04, 2020 1:00 pm
Forum: Personal Consumer Issues
Topic: "Knock" sound when turning right
Replies: 19
Views: 1180

Re: "Knock" sound when turning right

Remember the Tappet Brothers who had a car repair show on public radio? One time a guy called in complaining of a very annoying noise coming from the right front of his car. Their question was "Where does your wife sit?" This thread is starting to sound like "Stump the Chumps"
by NerdicSkier
Mon May 04, 2020 7:19 am
Forum: Personal Consumer Issues
Topic: "Knock" sound when turning right
Replies: 19
Views: 1180

Re: "Knock" sound when turning right

This is for a 2012 Toyota Sienna, 43k miles, original owner. Van has been flawless mechanically. Obviously low miles and sits in the garage most of the time. For the last couple years, when making a sharp right turn (slow speed 90 degree turn, turning into driveway, etc.) I hear a single knock soun...
by NerdicSkier
Fri May 01, 2020 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance and Recent Alcohol Rehab (USA)
Replies: 17
Views: 1286

Re: Term Life Insurance and Recent Alcohol Rehab (USA)

I don’t know about the insurance aspect, but I found that a “bright white line” separating what I do and what I don’t do was the easiest way to maintain sobriety for 40+ years. Gray lines are more difficult. Good luck and congratulations on the upcoming addition to your family. +1. 5 years sober fo...
by NerdicSkier
Wed Apr 15, 2020 6:16 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 361
Views: 30215

Re: [Government stimulus payments]

Johnny Thinwallet wrote: Mon Apr 13, 2020 6:26 am Stimulus check now showing up as pending in our account with a deposit date of 4/15. It's the exact amount that we expected.
Same here.
by NerdicSkier
Fri Apr 10, 2020 10:42 am
Forum: Investing - Theory, News & General
Topic: We are in a full-blown Depression
Replies: 95
Views: 8275

Re: We are in a full-blown Depression

Talk to someone that lived through the great depression. If you have to read an article to know if you're in a full blown depression, you aren't. My grandpa was born in 1912 and remembered when WWI ended. I asked him about the depression, and it said that it didn't matter, they didn't have anything...
by NerdicSkier
Wed Apr 08, 2020 7:32 am
Forum: Investing - Theory, News & General
Topic: CARES Rollover: “Bad” Plan to “Good” Plan
Replies: 16
Views: 1986

Re: CARES Rollover: “Bad” Plan to “Good” Plan

I checked with my "bad" plan administrator by e-mail correspondence and they said it would be allowed, but I'm not convinced that they were aware that the plan would need to implement a special provision. I'll push the issue with them if I get serious about the rollover.
by NerdicSkier
Tue Apr 07, 2020 2:17 pm
Forum: Investing - Theory, News & General
Topic: CARES Rollover: “Bad” Plan to “Good” Plan
Replies: 16
Views: 1986

Re: CARES Rollover: “Bad” Plan to “Good” Plan

Bumping this as I am in the same situation. I have about $75,000 in a bad employer plan - American Funds with expenses of 1.5%. Has anyone done this yet?
by NerdicSkier
Wed Mar 18, 2020 4:22 pm
Forum: Personal Investments
Topic: When are you rebalancing?
Replies: 76
Views: 4754

Re: When are you rebalancing?

July 1, in accordance with my IPS

God willing
by NerdicSkier
Wed Mar 18, 2020 10:42 am
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age ? and this crisis ?
Replies: 173
Views: 10728

Re: What is your AA, given your age ? and this crisis ?

70/30 stock/bond - and I'm kind of an "old" 40 since we had our children young and have been aggressive savers.
by NerdicSkier
Sun Mar 15, 2020 12:17 pm
Forum: Investing - Theory, News & General
Topic: My Most Hated - and Favorite - IPS Rule
Replies: 24
Views: 3371

Re: My Most Hated - and Favorite - IPS Rule

NerdicSkier wrote: Mon Jan 27, 2020 3:43 pm I have this same provision - except for the 7 day lapse period. The only proposed change that has been adopted is that I moved a portion of my bond portfolio from total bond to intermediate treasuries because of reasons.
This IPS change is looking good right about now!
by NerdicSkier
Tue Mar 10, 2020 1:27 pm
Forum: Personal Investments
Topic: Is whole life insurance cash value at risk in Great Recession 2.0?
Replies: 12
Views: 847

Re: Is whole life insurance cash value at risk in Great Recession 2.0?

Thanks, I'll wait and see if that works for the 2020 tax picture. Hopefully I don't need it this year!
by NerdicSkier
Tue Mar 10, 2020 12:34 pm
Forum: Personal Investments
Topic: Is whole life insurance cash value at risk in Great Recession 2.0?
Replies: 12
Views: 847

Re: Is whole life insurance cash value at risk in Great Recession 2.0?

You can ask the insurance company what portion is taxable. I cashed in a Universal Life policy that was 27 years old. I paid tax on $20. That told me everything I needed to know about how bad of an "investment" this crap was. Cash value is $10,263, basis is $6,337. I know this has been a ...
by NerdicSkier
Tue Mar 10, 2020 11:17 am
Forum: Personal Investments
Topic: Is whole life insurance cash value at risk in Great Recession 2.0?
Replies: 12
Views: 847

Re: Is whole life insurance cash value at risk in Great Recession 2.0?

You can ask the insurance company what portion is taxable. I cashed in a Universal Life policy that was 27 years old. I paid tax on $20. That told me everything I needed to know about how bad of an "investment" this crap was. I just asked, I'll update when I get an answer. The cash value ...
by NerdicSkier
Tue Mar 10, 2020 7:26 am
Forum: Personal Investments
Topic: Is whole life insurance cash value at risk in Great Recession 2.0?
Replies: 12
Views: 847

Re: Is whole life insurance cash value at risk in Great Recession 2.0?

Does the coverage make up a portion of your insurance need in the event of death (is there a family depending on replacement of income, worst case tomorrow)? .... Is your annual dividend large enough to start paying your premium for your? I'm not counting on the coverage for insurance needs. I beli...
by NerdicSkier
Mon Mar 09, 2020 3:32 pm
Forum: Personal Investments
Topic: Is whole life insurance cash value at risk in Great Recession 2.0?
Replies: 12
Views: 847

Is whole life insurance cash value at risk in Great Recession 2.0?

I am circling the wagons in anticipation of tough economic times. I am "staying the course" with my asset allocation, continuing contributions, etc. business as usual. But - I have a whole life insurance policy from Northwestern Mutual, worth about $10k, that I am counting on as part of my...
by NerdicSkier
Wed Feb 12, 2020 11:49 am
Forum: Personal Consumer Issues
Topic: Protection Against Home Intruders
Replies: 387
Views: 28539

Re: Protection Against Home Intruders

Ironically, the gun is probably the only thing in our house worth stealing.
by NerdicSkier
Fri Jan 31, 2020 10:35 am
Forum: Personal Finance (Not Investing)
Topic: For those of you that include your vehicle(s) in your net worth, how do you determine its value?
Replies: 66
Views: 2769

Re: For those of you that include your vehicle(s) in your net worth, how do you determine its value?

I also depreciate by a fixed amount each month. This is our first month of full depreciation for our 2009 Prius, yay! Driving a fully-depreciated vehicle is one of the finer things in life.
by NerdicSkier
Mon Jan 27, 2020 3:43 pm
Forum: Investing - Theory, News & General
Topic: My Most Hated - and Favorite - IPS Rule
Replies: 24
Views: 3371

Re: My Most Hated - and Favorite - IPS Rule

I have this same provision - except for the 7 day lapse period. The only proposed change that has been adopted is that I moved a portion of my bond portfolio from total bond to intermediate treasuries because of reasons.
by NerdicSkier
Tue Jan 21, 2020 4:00 pm
Forum: Personal Consumer Issues
Topic: Time to get a bearded dragon?!
Replies: 57
Views: 4785

Re: Time to get a bearded dragon?!

We had a bearded dragon. It was boring. The kids lost interest and we gave it to a classroom. The best part was the crickets we bought as food - it made it sound like summer in the winter here in the great white north.
by NerdicSkier
Wed Jan 08, 2020 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Job change and possible resulting stress/IBS
Replies: 18
Views: 1562

Re: Job change and possible resulting stress/IBS

I have this condition, it's real. Often for me it's stress about IBS that gets my IBS flared up.
by NerdicSkier
Mon Nov 18, 2019 10:44 am
Forum: Personal Consumer Issues
Topic: morality, kids, tuition etc
Replies: 68
Views: 4595

Re: morality, kids, tuition etc

Don't throw in the towel yet. With babysitting support from the parents, she could still go to college. [/quote] Mrs. NerdicSkier and I had an unplanned pregnancy at 19 after having only been dating for a month or two. We had to grow up fast but both graduated from college, a year or two late, with ...
by NerdicSkier
Fri Aug 23, 2019 10:13 am
Forum: Personal Investments
Topic: Schwab user. Where should I put my Emergency Fund?
Replies: 35
Views: 5911

Re: Schwab user. Where should I put my Emergency Fund?

My "emergency fund" is in SCHO but a local credit union has a 4% savings account I am considering. Only hesitation is that I'm not sure the complexity is worth it.
by NerdicSkier
Tue Aug 20, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Are there advantages to being married to a teacher?
Replies: 111
Views: 7993

Re: Are there advantages to being married to a teacher?

Mrs. Nerdic Skier works in a school system and for us a huge benefit is that she has the same daily schedule and vacations/holidays as the kids. Saved lots of aggravation and cost. Benefits are amazing, but wages not so much. Large opportunity cost also compared to possible other careers, but we cho...
by NerdicSkier
Thu Aug 01, 2019 2:10 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 21317
Views: 2887876

Re: U.S. stocks in free fall

So today of all days I placed orders to sell 50% of my bond holdings (in total bond market mutual funds) and then buy an intermediate term bond ETF. I decided to cancel the orders, with my luck there would be rockets in the south china sea tonight. Aren’t these funds nearly identical? Why would you...
by NerdicSkier
Thu Aug 01, 2019 1:56 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 21317
Views: 2887876

Re: U.S. stocks in free fall

So today of all days I placed orders to sell 50% of my bond holdings (in total bond market mutual funds) and then buy an intermediate term bond ETF. I decided to cancel the orders, with my luck there would be rockets in the south china sea tonight.