Search found 11039 matches

by letsgobobby
Sat Apr 21, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: State and fed tax credits - buying a Bolt electric vehicle before it’s needed
Replies: 3
Views: 132

State and fed tax credits - buying a Bolt electric vehicle before it’s needed

I’m not in the market for a vehicle today - I have a 12 year old vehicle with 185k miles I imagine will drive well forever. I was hoping to drive it 4 more years, which would take it over 250,000 miles. My next car is going to be an EV, especially if the federal tax credits remain. I’ve been eyeing ...
by letsgobobby
Sat Apr 21, 2018 10:16 am
Forum: Personal Consumer Issues
Topic: Mac Office 2016 download on Ebay - how so cheap?
Replies: 23
Views: 1608

Re: Mac Office 2016 download on Ebay - how so cheap?

Some Googling legwork will indicate these sales, if originating in EU, are legit. Though I don't doubt there's some bogus ones tossed in..such is the nature of ebay. If an ebayer has hundreds, thousands of sales like these, and their reviews are excellent, then I'm thinking things are ok. I used th...
by letsgobobby
Wed Apr 18, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: What is your 529 plan Asset Allocation?
Replies: 49
Views: 13576

Re: What is your 529 plan Asset Allocation?

Note that the quoted post is 7 years old... The WA GET is still a good liability matching program. Ostensibly, however, future WA tuition inflation is limited to the annual wage growth in WA state, which is likely to be lower than the historical rate of tuition inflation. That said, will the GET and...
by letsgobobby
Wed Apr 18, 2018 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Divesting gun stocks
Replies: 11
Views: 999

Re: Divesting gun stocks

Maybe someone will invent a gun stocks inverse index ETF.
by letsgobobby
Mon Apr 16, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 7882

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

Background : * Assume that you have $3,000,000 invested, with $2,275,000 in a taxable account and $725,000 in a mix of IRAs (Roth, Traditional, and Rollover) and a 401k. * Assume that your total portfolio is invested 40% Total Stock Market, 10% Total International Stock Market, 23% in Intermediate ...
by letsgobobby
Mon Apr 16, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 129
Views: 10979

Re: Can I retire at age 40?

I have 500,000 in regular taxable account. 2,300,000 in retirement which is why I said 2 million because of early withdrawal fees I would lose a lot and wanted that to be factored in We probably could live on much less. We’ve been putting that 120000 towards mortgage and 2 car payments. I figured t...
by letsgobobby
Sun Apr 15, 2018 10:12 pm
Forum: Personal Consumer Issues
Topic: Cruises: How to Value Onboard Credit
Replies: 29
Views: 1515

Re: Cruises: How to Value Onboard Credit

You have a $209 upfront better price between B and C. So the real problem here is reduced to a $41 consideration for onboard credits. If you take the deal with $245 credit you will be roaming the ship looking at how to apply that to your best advantage. A sort of manufactured spending. So, $41. The...
by letsgobobby
Sun Apr 15, 2018 7:28 pm
Forum: Personal Consumer Issues
Topic: Cruises: How to Value Onboard Credit
Replies: 29
Views: 1515

Re: Cruises: How to Value Onboard Credit

The answer is entirely dependent on how much you will spend while on board. OBC is worthless unless you have something that you will actually spend it on -- ship stores, drinks, specialty dining restaurants, daily gratuities, additional optional tipping, shore excursions, BINGO, etc. One would be a...
by letsgobobby
Sun Apr 15, 2018 7:02 pm
Forum: Personal Consumer Issues
Topic: Cruises: How to Value Onboard Credit
Replies: 29
Views: 1515

Re: Cruises: How to Value Onboard Credit

Can they be applied to gratuities?
by letsgobobby
Sun Apr 15, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: How to Invest College/Med School Fund?
Replies: 7
Views: 361

Re: How to Invest College/Med School Fund?

How badly would loss of some of these funds hurt? I suspect you have plenty of other assets and/or income to pay for these expenses if your education fund were to lose money. In that case I would not be any less aggressive than 50/50 stocks/bonds, and perhaps up to 80/20.
by letsgobobby
Sat Apr 14, 2018 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Aren't we betting a bit too heavily on US stocks and bonds?
Replies: 34
Views: 2582

Re: Aren't we betting a bit too heavily on US stocks and bonds?

I feel I have to ask this. There is so much information on the internet with regard to investing, but most of the simple portfolios I've come across recommend that at least 60-80% of our portfolio consists of US securities. Why are we recommended not to diversify much in terms of countries in which...
by letsgobobby
Wed Apr 11, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Owners Title Insurance - Super Heavy Handed Pitch
Replies: 101
Views: 5665

Re: Owners Title Insurance - Super Heavy Handed Pitch

Here is the name of the online ‘discount’ title broker. They may save you some money if they’re licensed in MA.

https://www.entitledirect.com/Homeowners
by letsgobobby
Wed Apr 11, 2018 4:05 am
Forum: Personal Finance (Not Investing)
Topic: Owners Title Insurance - Super Heavy Handed Pitch
Replies: 101
Views: 5665

Re: Owners Title Insurance - Super Heavy Handed Pitch

Hedgefundie, that approach may work for an industry, but it doesn't work for an individual if he can't withstand tail risk, regardless of the odds. In fact isn't this the lesson of many of the most spectacular investing flameouts of the last two decades, from LTCM to Lehman? They also did not insure...
by letsgobobby
Tue Apr 10, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Owners Title Insurance - Super Heavy Handed Pitch
Replies: 101
Views: 5665

Re: Owners Title Insurance - Super Heavy Handed Pitch

[OT comments removed by admin LadyGeek] The math determining whether this is a good use of money seems relatively straightforward: it's the percentage chance of the tail-risk event multiplied by the magnitude of this tail risk. Not really. It’s first and foremost a function of whether you can affor...
by letsgobobby
Tue Apr 10, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Owners Title Insurance - Super Heavy Handed Pitch
Replies: 101
Views: 5665

Re: Owners Title Insurance - Super Heavy Handed Pitch

It's always fascinating to see where different people try to save a buck.
by letsgobobby
Tue Apr 10, 2018 12:40 am
Forum: Investing - Help with Personal Investments
Topic: Fund IRA's or not? Possible to have too much in IRA's?
Replies: 20
Views: 1848

Re: Fund IRA's or not? Possible to have too much in IRA's?

seems a backdoor Roth IRA would always be superior to a taxable account. So I don't think you can have too much in those.
by letsgobobby
Tue Apr 10, 2018 12:24 am
Forum: Personal Consumer Issues
Topic: Tequila and Magaritas
Replies: 59
Views: 4379

Re: Tequila and Magaritas

I prefer corralejo in the tall blue bottle for margarita's. 1800 silver is as cheap as I go. Jose cuervo will work but it's sub par stuff. The best way to make a margarita is as follows. 1. Buy Cointrau orange liqueur in place of syrup or triple sec 2. Buy fresh limes 3. Drink shaker with ice 4. 2 ...
by letsgobobby
Sun Apr 08, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Structuring Newlywed Finances for Fairness and Less Arguments
Replies: 56
Views: 4344

Re: Structuring Newlywed Finances for Fairness and Less Arguments

From a fairness standpoint though, I put in longer hours between the job and additional work from managing rental properties, so should I be getting more discretionary spending (if not, less motivation for me to do be doing all this extra work)? This is a dangerous attitude and likely to sow a lot ...
by letsgobobby
Sat Apr 07, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2543
Views: 476616

Re: What's Your Credit Card Rewards Strategy?

I haven’t studied the HA program in detail but verbally they claimed you can transfer miles between members for no fee. At 60k miles each, or 120k total, I think we could find 2-3 RT tickets to Hawaii. We go at least once a year so with some flexibility and advance purchase I’m hoping they would wor...
by letsgobobby
Sat Apr 07, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2543
Views: 476616

Re: What's Your Credit Card Rewards Strategy?

Credit card rewards are a game and fun for some. When I add credit card rewards to other forms of reward optimization, such as rewards checking accounts, brokerage transfer rewards, frequent flyer miles/promos, priority pass utilization, timeshare promos, rental car promos and savings, solar rebates...
by letsgobobby
Fri Apr 06, 2018 11:57 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6393
Views: 1371219

Re: U.S. stocks in freefall

And the 'efficient' market is bunny hopping again. Purportedly, today's hopping is due to fears of a trade war, but I don't see how/why that should have changed at all since the close of business yesterday. Ummm, usually it's hard to tell why the market does what it does, but the reasons for today'...
by letsgobobby
Thu Apr 05, 2018 12:46 pm
Forum: Investing - Theory, News & General
Topic: Hypothetical situation investing on property vs market
Replies: 21
Views: 1289

Re: Hypothetical situation investing on property vs market

You have to compare equally levered investments. At 20% down the typical property is levered five to one.

In the big metro areas my personal opinion is the big price increases are done and starting to level off.
by letsgobobby
Wed Apr 04, 2018 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 9010

Re: How Do You Value Your Home for Net Worth Purposes?

I use a conservative average of Trulia, Zillow, and Redfin. Knocking off an additional ten percent reflects the illiquidity and transaction costs to realize any of those assets.
by letsgobobby
Wed Apr 04, 2018 4:08 pm
Forum: Personal Consumer Issues
Topic: Amica Increase
Replies: 59
Views: 5709

Re: Amica Increase

Just a reminder that at least in some states, Amica offers dividend policies which lower the cost an additional 15-25% below the quotes. It's the closest I can come to being in a true mutual structure. Net of these dividends, Amica remains very competitive and our premiums have not risen dramaticall...
by letsgobobby
Wed Apr 04, 2018 2:30 pm
Forum: Investing - Theory, News & General
Topic: Hypothetical situation investing on property vs market
Replies: 21
Views: 1289

Re: Hypothetical situation investing on property vs market

Monthly income of $900 on a $230k purchase is really horrible. Bumping that as high as $1200 doesn't improve much. I would not do this.
by letsgobobby
Mon Apr 02, 2018 11:00 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance is getting complicated
Replies: 24
Views: 3486

Re: Inheritance is getting complicated

Just to be clear, all inherited Traditional IRAs can be combined, and all inherited Roth IRAs can be combined. Hope that was obvious.
by letsgobobby
Mon Apr 02, 2018 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance is getting complicated
Replies: 24
Views: 3486

Re: Inheritance is getting complicated

All inherited IRAs can be combined.
by letsgobobby
Mon Apr 02, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10641

Re: What age is the best to give a child control of an inheritance?

Our trusts dictate 1/3 at age 30. 1/3 age 35. 1/3 age 40. Do you mean: trust distributes 1/3 of assets at those ages; or trust gives control of that portion of assets at those ages? Big difference. Our trusts allow our beneficiaries to become co trustees at age 31 (or 35 - do not recall). At that p...
by letsgobobby
Mon Apr 02, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10641

Re: What age is the best to give a child control of an inheritance?

Many here have recommend delaying an inheritance until 35 to prevent reckless behavior but you might just prevent your children from maximizing their tax efficiency, or you might be pushing them towards reckless behavior, like spending their entire emergency fund in the months preceding their 35th ...
by letsgobobby
Mon Apr 02, 2018 3:06 pm
Forum: Personal Consumer Issues
Topic: Cleaning up new house before move in—getting rid of “cat smell”
Replies: 42
Views: 3280

Re: Cleaning up new house before move in—getting rid of “cat smell”

After our last home purchase fell through we ended up finding another house over the weekend and having a bid accepted. So assuming all goes well with this inspection I do have a question about premove in clean up. The prior owners owned a cat and the “musk” was prevalent when you go in the house. ...
by letsgobobby
Mon Apr 02, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10641

Re: What age is the best to give a child control of an inheritance?

It’s not about intelligence, or a good soul. It’s about the frontal lobe not being fully myelinated until the mid 20s, and most serious mental illnesses having their onset in the 20s and 30s. By 35 much more is known about the beneficiary’s brain.
by letsgobobby
Mon Apr 02, 2018 1:39 am
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10641

Re: What age is the best to give a child control of an inheritance?

aristotelian wrote:
Mon Apr 02, 2018 12:46 am
letsgobobby wrote:
Sun Apr 01, 2018 11:27 pm
malabargold wrote:
Sun Apr 01, 2018 10:30 pm
No stock answer depends on their character and what
parents have taught
Say your kids are 3 and 5. What do you make of their character?
OP's is 21 and in college.
Yes, but for everyone else?
by letsgobobby
Sun Apr 01, 2018 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10641

Re: What age is the best to give a child control of an inheritance?

malabargold wrote:
Sun Apr 01, 2018 10:30 pm
No stock answer depends on their character and what
parents have taught
Say your kids are 3 and 5. What do you make of their character?
by letsgobobby
Sun Apr 01, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10641

Re: What age is the best to give a child control of an inheritance?

In my practice last week a woman seemingly happily married for twenty years discovered her husband had been serially cheating on her for about ten years.

I think I'll stick with a trust.
by letsgobobby
Sun Apr 01, 2018 2:51 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 25
Views: 2101

Re: Do you invest in Real Estate ? Why ?

We've had a good experience with the SFH we've rented out. We had other reasons for getting into it but the appreciation and rental income (tax free net of expenses and depreciation) has been nice. We hired out a manager who calls us maybe twice a year. It's very low maintenance.
by letsgobobby
Sun Apr 01, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10641

Re: What age is the best to give a child control of an inheritance?

Umbrellas are a great idea and we have one. But personal policies don't protect against professional or business liabilities, as a rule. As to costs, I'm not sure they're as cheap as you say. They can be $100 per million or $500, depending on risk exposure and insurer. That could add up quickly for...
by letsgobobby
Sun Apr 01, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10641

Re: What age is the best to give a child control of an inheritance?

Of course you will be dead, but as you are alive now you may have an opinion about your hard-earned life savings going not to your daughter and grandchildren, but to one of their patients, business partners, customers, or even a victim from an unlucky but serious accident. Let's not exaggerate the ...
by letsgobobby
Sun Apr 01, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10641

Re: What age is the best to give a child control of an inheritance?

want to add that in my opinion the calculus is more challenging with minor beneficiaries. one does not know what kind of person they will be, who they might marry, what illnesses they might suffer, what lifestyle choices they might make, what professions they might pursue. with so much uncertainty w...
by letsgobobby
Sun Apr 01, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10641

Re: What age is the best to give a child control of an inheritance?

I just don’t want to control their lives to the extent that a trust would entail. These issues are in existence now, before any wealth transfer. Might reconsider at a later date if the assets keep increasing. They are smart, conservative, and very capable. I expect they would insure any obvious ris...
by letsgobobby
Sun Apr 01, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10641

Re: What age is the best to give a child control of an inheritance?

What about future creditors or outright theft? You say you can't control everything but in fact a trust effectively controls for this possibility. Of course you will be dead, but as you are alive now you may have an opinion about your hard-earned life savings going not to your daughter and grandchil...
by letsgobobby
Sun Apr 01, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Car totalled, not-at-fault - use my insurance or theirs? What leverage do I have for negotiating?
Replies: 35
Views: 3253

Re: Car totalled, not-at-fault - use my insurance or theirs? What leverage do I have for negotiating?

A concussion is a serious medical injury with potential long term consequences including elevated risks of cognitive disorders such as dementia and neurodegenerative disorders such as ALS and Parkinson's disease. I would consult with an experienced attorney or at the least not settle any claims for ...
by letsgobobby
Sun Apr 01, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10641

Re: What age is the best to give a child control of an inheritance?

Our kids are 0 and 3 and we did our wills recently. Intially we decided on 25 but then change it to 21. My thinking was to teach my kids well about money and if I die and leave them a large inheritance and they blow it then so be it. I don't like trying to control people. I agree with this view. Bu...
by letsgobobby
Sat Mar 31, 2018 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Quantum and Asset Allocation for 529 account
Replies: 3
Views: 260

Re: Quantum and Asset Allocation for 529 account

Hi Swami, Personally, I've tried to contribute to the max of our state's tax break, which was $10K per married couple, and also contributed in grandparents' names for a few years. Depending on your state, your rules may differ. I think if you only stick to maximum contributions, it would be hard to...
by letsgobobby
Sat Mar 31, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10641

Re: What age is the best to give a child control of an inheritance?

Our kids inherited six figure chunks from grandad when they were in their early 20’s. Both of them used the money to put down payments on houses. I would have preferred that they had blown the money traveling the world like their hippie parents did in a similar situation, but I guess we taught them...
by letsgobobby
Sat Mar 31, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10641

Re: What age is the best to give a child control of an inheritance?

Really need gasdoc to clarify if the trust is to be dissolved at age 35 or 50, or if daughter is to become trustee. Significant difference. Different implications.

In any case I think 50 is far too late.
by letsgobobby
Sat Mar 31, 2018 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: Quantum and Asset Allocation for 529 account
Replies: 3
Views: 260

Re: Quantum and Asset Allocation for 529 account

$300k seems like it will be enough for any undergrad. If you want to pay for grad you might need more. There are a few estate advantages to over funding if you're sure you don't need the money and ultimately want to be generous with grandkids, nieces, nephews, etc. Our child at that age is still 100...
by letsgobobby
Sat Mar 31, 2018 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10641

Re: What age is the best to give a child control of an inheritance?

Assuming you do not mean terminating the trust but rather making your daughter trustee. We are using age 31 or 35 (don't remember off hand).
by letsgobobby
Fri Mar 30, 2018 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance for a 13 year old
Replies: 29
Views: 2142

Re: Inheritance for a 13 year old

Would ask lawyers and any professional trustees whether case law or professional standards provide guidance as to what is considered reasonable investment performance by a trustee. 60/40 seems reasonable to me but I am not the one you want to ask.
by letsgobobby
Wed Mar 28, 2018 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 9010

Re: How Do You Value Your Home for Net Worth Purposes?

You have to begin by asking why you want to know your net worth and what you will use the number for. I've never been able to figure out any actual use for it other than to make me feel good and/or have an answer if someone asks me my net worth. Which I don't think has ever happened, in fact. I can...
by letsgobobby
Wed Mar 28, 2018 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 9010

Re: How Do You Value Your Home for Net Worth Purposes?

You have to begin by asking why you want to know your net worth and what you will use the number for. I've never been able to figure out any actual use for it other than to make me feel good and/or have an answer if someone asks me my net worth. Which I don't think has ever happened, in fact. I can...