Search found 33 matches

by Cosmic Pony
Sun Dec 22, 2019 10:03 am
Forum: Personal Finance (Not Investing)
Topic: What happens if you have an auto collision while on a road trip?
Replies: 35
Views: 2679

What happens if you have an auto collision while on a road trip?

I'm planning a couple of road trips with my son next year, traveling more than a thousand miles from home. Being a worrier, I'm wondering what would happen if we were to have an accident or mechanical problem that rendered the car un-drivable when far away from home. Has anyone encountered this? Do ...
by Cosmic Pony
Sat Dec 21, 2019 10:07 am
Forum: Non-US Investing
Topic: Does anyone own individual stocks?
Replies: 28
Views: 1747

Re: Does anyone own individual stocks?

Slightly different perspective here. I invested in individual stocks pretty much exclusively for the past 20 years, now slowly moving funds to VTI and a couple of bond funds. I made money in stocks and REITS but I also spent ten to twenty hours a week doing research. And I spent the time learning to...
by Cosmic Pony
Tue Dec 10, 2019 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: How not to feel poor...
Replies: 78
Views: 12751

Re: How not to feel poor...

As follow up to this original post, finally went out started buying some new clothes today. I went to a local St. Vincent De Paul store and found some amazing stuff that I can't believe other guys were willing to discard - some like new Brooks Brothers and Joseph Banks shirts, a really nice Pierre C...
by Cosmic Pony
Wed Dec 04, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Does trip insurane really work?
Replies: 24
Views: 3151

Does trip insurane really work?

Hello Bogleheads, My wife has a week of vacation to use before the end of the year and really wants to go somewhere warm like Jamaica, Mexico or the Dominican Republic. Though I have been in excellent health my whole life, the past few months my blood pressure has been really high (Probably due to u...
by Cosmic Pony
Sun Dec 01, 2019 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: How not to feel poor...
Replies: 78
Views: 12751

Re: How not to feel poor...

All terrific advice, many gems to put to use. And thanks to those who have take such time and effort to respond. Memory serves that the last time I ran the numbers on social security, we were each in the mid to upper $2,000 a month range, but we're not quite at the finish line yet. We have both been...
by Cosmic Pony
Sun Dec 01, 2019 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: How not to feel poor...
Replies: 78
Views: 12751

How not to feel poor...

Finances are as follows: 59 year old guy, wife is a year younger. Two kids, put one through college and he's doing well, the other has one more year of college (likely a $25,000 expense). No debt, own our home valued around $600,000. Wife works in a stable job, I was laid off earlier this year and h...
by Cosmic Pony
Mon Nov 25, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Severance Negotiation - what is reasonable
Replies: 59
Views: 4250

Re: Severance Negotiation - what is reasonable

So sorry for your situation. It is pretty bitter when it happens but you have to keep your chin up and look ahead. I got laid off in June after 27 years of service. Was expecting maybe four to six months but got a little under two. There was clearly no negotiation, so I took it. My wife was laid off...
by Cosmic Pony
Sat Nov 23, 2019 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Am I Obligated To Pay Attorney Bill?
Replies: 85
Views: 6761

Am I Obligated To Pay Attorney Bill?

I sold some land a few months ago and was unsure as to how to establish a cost basis. The developer I sold the land to recommended his tax attorney. I called the guy, briefly (two minutes or less) outlined the documentation I had (a one page estate inventory) that I was pretty certain I could use to...
by Cosmic Pony
Sat Nov 23, 2019 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Selling truck on Craigslist
Replies: 42
Views: 2071

Selling truck on Craigslist

I'm selling a truck on Craigslist. It's an older truck but mecanically sound. Has anyone had a bad experience with this type of transaction? What scams should I look out for. Price is $4,000. Are there forms of payment other than cash that are safe? Thank you!
by Cosmic Pony
Thu Nov 21, 2019 2:43 pm
Forum: Personal Investments
Topic: HSA - Can I get a better return?
Replies: 22
Views: 1841

Re: HSA - Can I get a better return?

Thank you for your response. Yes, there is a discrepancy as this has been a complicated health plan year. I was covered by my former employer's plan through May, then transferred to my wife's then employer through September, when she was let go we picked up an AHA plan for two months then she found ...
by Cosmic Pony
Thu Nov 21, 2019 10:41 am
Forum: Personal Investments
Topic: HSA - Can I get a better return?
Replies: 22
Views: 1841

Re: HSA - Can I get a better return?

All very good advice, and good reason to keep a clear unconscious and play by the rules regarding the HSA. So here's a wrinkle on the scenario that may or may no be permit able under the rules. (I can't seem to find the info that would provide clarity.) In June, I was let go from a job where I had a...
by Cosmic Pony
Wed Nov 20, 2019 1:14 pm
Forum: Personal Investments
Topic: HSA - Can I get a better return?
Replies: 22
Views: 1841

Re: HSA - Can I get a better return?

Ahem... so what would be the potential liability of just playing "dumb" and depositing money into the HSA without doing all the necessary discovery to assure we are compliant? My wife and I are low income enough and our taxes are simple enough that we don't have a high risk of an audit and I have al...
by Cosmic Pony
Tue Nov 19, 2019 1:24 pm
Forum: Personal Investments
Topic: HSA - Can I get a better return?
Replies: 22
Views: 1841

HSA - Can I get a better return?

Hello Bogleheads. I recently realized that the account that is giving us the absolutely worst return is our HSA. At the time it was first offered by my former employer, I didn't know a great deal about what my options were so opened at a local credit union that is paying very, very little interest. ...
by Cosmic Pony
Mon Nov 11, 2019 4:45 pm
Forum: Personal Investments
Topic: Any positive feedback on being a franchisee?
Replies: 13
Views: 1337

Re: Any positive feedback on being a franchisee?

I would agree with the post that stated that people often overlook the challenges of being a franchisee and view the future in too optimistic a way. I was a marketing consultant working with various franchise organizations for years, mostly in food service. Over that time I got to know hundreds of f...
by Cosmic Pony
Mon Nov 11, 2019 4:22 pm
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 174
Views: 12828

Re: Investing $140k in cash at 1k per week

I struggled with the same issue recently but came to the conclusion that dollar cost averaging would be a lot of work. I ended up just putting it all in at once. There are a number of links other Bogleheads can provide that demonstrate that even if you are dropping it in at the top, you will likely ...
by Cosmic Pony
Sun Nov 10, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Costco Visa For Tavel Insurance
Replies: 6
Views: 861

Costco Visa For Tavel Insurance

Hello All, Now that the kids are grown and we have our freedom back we are about to start traveling the world again . We have a Costco Visa that seems like the best option for A) trip cancellation insurance and B) worldwide auto collision insurance. I have done a cursory web search and not found man...
by Cosmic Pony
Tue Nov 05, 2019 9:51 am
Forum: Personal Consumer Issues
Topic: Neighbor Wants to Build ATV Trail Through Our Property - How to say no while preserving the peace.
Replies: 29
Views: 2007

Re: Neighbor Wants to Build ATV Trail Through Our Property - How to say no while preserving the peace.

We own a nice 24 acre tract abutting more developed areas and I have encountered the same issue with neighbors. (ATVs and snowmobiles.) I simply tell them the truth, that we enjoy preserving the area for wildlife, nature and peace and quiet. To close the discussion I tell them they are more than wel...
by Cosmic Pony
Sun Nov 03, 2019 10:18 am
Forum: Personal Consumer Issues
Topic: Cell phone service
Replies: 21
Views: 1800

Re: Cell phone service

Check out Consumer Cellular. Uses the ATT Network but much cheaper. Only downside so far is that you can't use is outside the states. https://www.consumercellular.com/ Kids tease me because they position the company as being for retirees (old people). (They give an AARP discount.) But they don't com...
by Cosmic Pony
Sat Nov 02, 2019 10:45 am
Forum: Personal Consumer Issues
Topic: Do Semi-Dry, Delicious, Complex But < $15 Wines Exist?
Replies: 29
Views: 2887

Re: Do Semi-Dry, Delicious, Complex But < $15 Wines Exist?

Not sure as you didn't specify red or white. We are both enjoy good wine but are now on a self imposed budget. We have been very surprised with the quality of the wine at Aldi if you have one in your market. There are now featuring an Italian wine called "Grande Alberlone" that is rated 94 points on...
by Cosmic Pony
Fri Nov 01, 2019 6:44 pm
Forum: Personal Investments
Topic: Best way to sell off invididual stock investment portfolio?
Replies: 16
Views: 1649

Re: Best way to sell off invididual stock investment portfolio?

I'm in the same boat. I own about 30 individual stocks and bought for dividend income prior to running some portfolio models against the three fund portfolio earlier this year. Mine are in both retirement and taxable accounts. I've decided to 1) Set an overall asset allocation and move toward this o...
by Cosmic Pony
Fri Nov 01, 2019 5:59 pm
Forum: Personal Consumer Issues
Topic: Costa Rica
Replies: 14
Views: 1856

Re: Costa Rica

We stayed in an area called Playa Avellanas two years ago and loved it. It is about 30 minutes from Tamarindo where there are lots of good hotels and restaurants but it is quite rural and the beach was one of the best I've been on. Tamarindo would be a good option if you want more of a resort town e...
by Cosmic Pony
Fri Nov 01, 2019 9:19 am
Forum: Personal Investments
Topic: Take Dividend Income From IRAs At 59.5?
Replies: 18
Views: 1340

Re: Take Dividend Income From IRAs At 59.5?

Sorry to be so dense on this tax stuff. I get the cap gains on stock sales part now. Would the IRA to Roth IRA conversions then be a totally different transaction? A long as we stay under the $78750 we would pay taxes on the conversion at the lower marginal rate? Any limit on how much can be convert...
by Cosmic Pony
Fri Nov 01, 2019 7:36 am
Forum: Personal Investments
Topic: Take Dividend Income From IRAs At 59.5?
Replies: 18
Views: 1340

Re: Take Dividend Income From IRAs At 59.5?

To clarify, If I were to get a job (or jobs) to supplement my wife's income I should keep total gross income under $103,350 in order to pay zero capital gains on the sale of stocks in my taxable account? And the less I make the better the opportunity to do Roth conversions up to the income ceiling a...
by Cosmic Pony
Thu Oct 31, 2019 6:15 pm
Forum: Personal Investments
Topic: Take Dividend Income From IRAs At 59.5?
Replies: 18
Views: 1340

Re: Take Dividend Income From IRAs At 59.5?

Wow, this input was so valuable. I am compartmentalizing the money because the $280,000 was from the sale of property that's been in my family for generations and I wanted to assure I preserve some for my kids. But where the $280,000 comes from (or likely more) in the end really doesn't matter. I ha...
by Cosmic Pony
Thu Oct 31, 2019 2:42 pm
Forum: Personal Investments
Topic: Take Dividend Income From IRAs At 59.5?
Replies: 18
Views: 1340

Take Dividend Income From IRAs At 59.5?

Hi all. Will be 59.5 in February of next year. I was laid off from my job in June and have had a devil of a time finding work. I have a retirement portfolio about $2.1 million with just over $280,000 in taxable money market mutual funds, $110,000 in taxable accounts in mostly blue chip stocks, $120,...
by Cosmic Pony
Mon Oct 28, 2019 9:53 am
Forum: Personal Investments
Topic: TD Ameritrade New Account Incentive
Replies: 2
Views: 345

TD Ameritrade New Account Incentive

I opened a taxable account at TD in September and received a significant new account opening incentive. (I think around $1,000) I was a former Scottrader, had all my retirement accounts at TD and I have been happy with the service. I'm interested in putting much of this in cash and have found an opt...
by Cosmic Pony
Tue Oct 22, 2019 1:19 pm
Forum: Personal Consumer Issues
Topic: Rebrand to a new career...
Replies: 19
Views: 2505

Rebrand to a new career...

I'm 59 years old and recently got the boot. I had a pretty high powered career in advertising and marketing, had spent 35 years in the same business and 27 years with the firm that laid me off. My wife encouraged me to take a few months off - which I did - but now that the weather is turning cold, a...
by Cosmic Pony
Sat Oct 05, 2019 4:16 pm
Forum: Personal Investments
Topic: Investing half of net worth, is market too high?
Replies: 25
Views: 5345

Re: Investing half of net worth, is market too high?

Thanks again for all the input, it has definitely changed my perspectives. One question that has started to perplex me... Some have said I should have some international exposure. Whenever I test a portfolio in Portfolio Visualizer that adds an international ETF (Vanguard) to VTI it brings the perfo...
by Cosmic Pony
Sat Oct 05, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Capital gains on real estate sale
Replies: 1
Views: 448

Capital gains on real estate sale

I do my own taxes but will have a unique situation this year related to a real estate sale. My brother and I sold 3/4 of a family farm that we inherited from our parents. (No inheritance tax paid at the time.) My wife and I, owning the rest of the farm, had to sell one acre of our six acre lot to ma...
by Cosmic Pony
Sat Oct 05, 2019 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Home repair - paying cash (dollar bills)
Replies: 60
Views: 5479

Re: Home repair - paying cash (dollar bills)

We paid $10,000 cash for cabinet work some years ago and then ended up in court with the contractor. We won, but I would never pay cash again as there was no proof of most of the payment. The work was so deficient that the judge sided with us. Side story: The night we withdrew the cash from the bank...
by Cosmic Pony
Sat Oct 05, 2019 12:42 pm
Forum: Personal Consumer Issues
Topic: First car for child
Replies: 129
Views: 8849

Re: First car for child

I think the choices you're looking at are good, but I would go a little older, lower priced with as low miles as possible. I usually search on Autotrader with a definite budget in mind. Hard to much for under $10,000 where I live. I have two sons, now 24 and 20. Agree with others that there will be ...
by Cosmic Pony
Thu Oct 03, 2019 12:06 pm
Forum: Personal Investments
Topic: Investing half of net worth, is market too high?
Replies: 25
Views: 5345

Re: Investing half of net worth, is market too high?

Unfortunately being new to the forum, I was not clear where to look for the answers, and boy was there a lot of good thinking behind the responses. Thanks to all! I got some terrific food for thought. My take... I need to reduce my exposure to stocks. I will keep around 50%. I will put necessary fun...
by Cosmic Pony
Sun Sep 22, 2019 12:44 pm
Forum: Personal Investments
Topic: Investing half of net worth, is market too high?
Replies: 25
Views: 5345

Investing half of net worth, is market too high?

Facing a unique financial challenge, I would like some perspectives from the wise people on this forum. My wife and I are 58 and 59 years old, both unemployed after being downsized from corporate jobs in the last three months. We’re both looking for “encore careers” that are more satisfying but also...