Search found 1066 matches

by oldfort
Tue Jul 14, 2020 3:22 pm
Forum: Personal Consumer Issues
Topic: Brooks Brothers Bankruptcy - Quality Issues
Replies: 74
Views: 6052

Re: Brooks Brothers Bankruptcy - Quality Issues

Other brands (I.e suit supply) fit much better. At least for suits, some of the Suit Supply stuff looks awful on the models. The jacket sleeves are always too short. The jackets usually are too short. My biggest pet peeve is the slim, ultra-low rise pants with a very visible outline of someone's **...
by oldfort
Tue Jul 14, 2020 2:31 pm
Forum: Personal Consumer Issues
Topic: Brooks Brothers Bankruptcy - Quality Issues
Replies: 74
Views: 6052

Re: Brooks Brothers Bankruptcy - Quality Issues

Other brands (I.e suit supply) fit much better. At least for suits, some of the Suit Supply stuff looks awful on the models. The jacket sleeves are always too short. The jackets usually are too short. My biggest pet peeve is the slim, ultra-low rise pants with a very visible outline of someone's **...
by oldfort
Tue Jul 14, 2020 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Death of estranged parent
Replies: 23
Views: 1572

Re: Death of estranged parent

Thanks for quick replies. It appears: 1. Little if no assets. 2. Car with car payments (thanks for suggestion regarding DO NOT DRIVE...will pass this along). 3. Bills - unknown. 4. Possibly being sued for a car wreck. 5. Just confirmed (from someone who would know) - no will, but beneficiary set up...
by oldfort
Tue Jul 14, 2020 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Death of estranged parent
Replies: 23
Views: 1572

Re: Death of estranged parent

See a lawyer, unless he died completely broke. Absent a will, any assets remaining after the payment of creditors, would normally pass to the children and be equally divided among them. Some assets may be excluded from satisfying the decedent's debts and may pass to the beneficiaries despite the deb...
by oldfort
Tue Jul 14, 2020 10:15 am
Forum: Personal Investments
Topic: hyper inflation hedges
Replies: 52
Views: 2504

Re: hyper inflation hedges

Thank you. I recognize much of this; some is news to me, and all of it is well set out and clear. Would you kindly sketch why you are not concerned about hyperinflation happening? Some of this depends on what definition of hyperinflation you want to use. Historically, most examples of hyperinflatio...
by oldfort
Tue Jul 14, 2020 9:43 am
Forum: Personal Investments
Topic: hyper inflation hedges
Replies: 52
Views: 2504

Re: hyper inflation hedges

If the US is near bankruptcy, who is going to come to our rescue. How can the US go "bankrupt"? It's bills are all in USD. It prints USD. A more technical description would be to default on its debt. How could it do this? Easy, announce, it plans to halt interest payments on its debt. Russia did so...
by oldfort
Mon Jul 13, 2020 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Helping my nephew out of his rut
Replies: 48
Views: 3980

Re: Helping my nephew out of his rut

I tried to help a nephew 20 years ago. Nothing I did made a difference. I remained in contact without becoming invested in him after the 2nd setback. It took him 15 years but he has been sober and drug free now for 2 years. Don't be surprised if your nephew is addicted to something. Maybe the milit...
by oldfort
Mon Jul 13, 2020 5:35 pm
Forum: Personal Investments
Topic: hyper inflation hedges
Replies: 52
Views: 2504

Re: hyper inflation hedges

The Israeli example isn't applicable to the US. Israel was a heavily unionized economy in 1984 with wages indexed to the COLA. Israel was in large measure bailed out by the US in 1984-1985. If the US economy runs into trouble, who do you think is going to bail the US out? Once again, I will modestl...
by oldfort
Mon Jul 13, 2020 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Helping my nephew out of his rut
Replies: 48
Views: 3980

Re: Helping my nephew out of his rut

I tried to help a nephew 20 years ago. Nothing I did made a difference. I remained in contact without becoming invested in him after the 2nd setback. It took him 15 years but he has been sober and drug free now for 2 years. Don't be surprised if your nephew is addicted to something. Maybe the milit...
by oldfort
Mon Jul 13, 2020 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 228
Views: 13803

Re: Which College degrees are worthwhile?

"Anyone who ever made more than $150k in their career, made a series of money maximizing choices." That does not mean that they must not like what they do to make the money - the only point I am making is that you can do something pretty rewarding and still make money. I think what you are trying t...
by oldfort
Mon Jul 13, 2020 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Helping my nephew out of his rut
Replies: 48
Views: 3980

Re: Helping my nephew out of his rut

bankruptcy
by oldfort
Mon Jul 13, 2020 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Helping my nephew out of his rut
Replies: 48
Views: 3980

Re: Helping my nephew out of his rut

livesoft wrote:
Mon Jul 13, 2020 2:07 pm
I would try to move this person to another part of the country perhaps near me if there were jobs that they could apply for and get.
Why does moving help, if he has no job skills?
by oldfort
Mon Jul 13, 2020 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Have I reach the Need for an Umbrella Policy?
Replies: 24
Views: 1682

Re: Have I reach the Need for an Umbrella Policy?

This varies by state and is rather complex. I don't see anything in your link suggesting an insurance company can pay the policy limits without a judgment or settlement and terminate the duty to defend. This definitely does vary by state. Here is New Jersey: http://blog.wcmlaw.com/2016/12/duty-to-d...
by oldfort
Mon Jul 13, 2020 3:24 pm
Forum: Personal Consumer Issues
Topic: Brooks Brothers Bankruptcy - Quality Issues
Replies: 74
Views: 6052

Re: Brooks Brothers Bankruptcy - Quality Issues

The paradigm shift currently in play where even stodgy companies with boomer micromanagers are considering permanent WFH for many office employees will only further hasten the demise of clothing companies like Brooks Brothers. There simply won't be as much of a demand for the type of clothing they ...
by oldfort
Mon Jul 13, 2020 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Have I reach the Need for an Umbrella Policy?
Replies: 24
Views: 1682

Re: Have I reach the Need for an Umbrella Policy?

Paying out the policy limits may not extinguish the "duty to defend" unless there is a release of liability against the insured. Under no circumstances, does an insurance company ever write a $250k check to the insured unless it's for a UM/UIM claim or property damage to an insured's vehicle. This ...
by oldfort
Mon Jul 13, 2020 2:27 pm
Forum: Personal Investments
Topic: hyper inflation hedges
Replies: 52
Views: 2504

Re: hyper inflation hedges

The Israeli example isn't applicable to the US. Israel was a heavily unionized economy in 1984 with wages indexed to the COLA. Israel was in large measure bailed out by the US in 1984-1985. If the US economy runs into trouble, who do you think is going to bail the US out? Once again, I will modestl...
by oldfort
Mon Jul 13, 2020 12:49 pm
Forum: Personal Investments
Topic: hyper inflation hedges
Replies: 52
Views: 2504

Re: hyper inflation hedges

Real assets have historically worked well. Equities tend to be a claim or real assets, companies tend to pass along inflation, so equities have done well. A passport. Hyper-inflation tends to be correlated with countries being economic basket cases: Zimbabwe and Venezuela are prime examples. If you...
by oldfort
Mon Jul 13, 2020 12:19 pm
Forum: Personal Investments
Topic: hyper inflation hedges
Replies: 52
Views: 2504

Re: hyper inflation hedges

A passport. Hyper-inflation tends to be correlated with countries being economic basket cases: Zimbabwe and Venezuela are prime examples. If you're in prime working years, your best bet is to move to another country with a functional economy.
by oldfort
Mon Jul 13, 2020 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Have I reach the Need for an Umbrella Policy?
Replies: 24
Views: 1682

Re: Have I reach the Need for an Umbrella Policy?

Paying out the policy limits may not extinguish the "duty to defend" unless there is a release of liability against the insured. Under no circumstances, does an insurance company ever write a $250k check to the insured unless it's for a UM/UIM claim or property damage to an insured's vehicle. This ...
by oldfort
Mon Jul 13, 2020 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 228
Views: 13803

Re: Which College degrees are worthwhile?

Kids are expensive. Hobbies are expensive. Marriage and realistically divorce can be expensive, unless you luck out and marry a spouse who earns more than you do. Marriage, kids, and hobbies can all be reasons to prioritize making money your number one priority in your career. The people best posit...
by oldfort
Mon Jul 13, 2020 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 228
Views: 13803

Re: Which College degrees are worthwhile?

Klangfool, If someone has 320k to pay for kids school, at this point just put 320k into vti and tell ur kid to go work at walmart, watch TV, play video games, goof off, the kid will be millionaire by 30-35 without any degree. Maybe, the median income for a BA/BS is $52k and the median income for a ...
by oldfort
Mon Jul 13, 2020 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Have I reach the Need for an Umbrella Policy?
Replies: 24
Views: 1682

Re: Have I reach the Need for an Umbrella Policy?

Hijacking this tread a bit....some of you have mentioned paying $100 to $140/year for $1 million coverage. My Geico umbrella is $252/year (same $1 million coverage). Am I paying too much? Umbrella pricing varies based on the number of drivers in a household, driving record, age of drivers, state, l...
by oldfort
Mon Jul 13, 2020 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy: Follow-up question
Replies: 9
Views: 541

Re: Umbrella Policy: Follow-up question

The only way to find out is to comparison shop. Umbrella pricing can vary by state. Unless the prices come from someone else who lives in MD, the answers aren't going to be relevant to you. To make a fair comparison, you have to take into account multi-policy discounts, and whether the umbrella incl...
by oldfort
Mon Jul 13, 2020 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy: Follow-up question
Replies: 9
Views: 541

Re: Umbrella Policy: FOLLOW UP QUESTION

Most of the time, your umbrella policy will be with whoever you have your auto insurance with. How much did Liberty Mutual want for umbrella coverage? Part of what makes an umbrella policy cheap is most claims get covered by the primary insurance. Some companies may require $250k/$500k auto before w...
by oldfort
Sun Jul 12, 2020 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 152
Views: 13143

Re: Hopeless Civil Engineer

My dads an engineer and he told me that the pth to riches as an engineer required picking the right engineering. Traditionally civil engineering paid the least. I have an uncle who made 200 k as a tenured professor at a big school teaching it but he also created a company and had patents years befo...
by oldfort
Sun Jul 12, 2020 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Non-vested RSUs in Divorce?
Replies: 25
Views: 1573

Re: Non-vested RSUs in Divorce?

My favorite site every man should read before they get married: https://www.wife.org/can-go-husbands-stock-options-rsus-divorce.htm From the article: If Angela lives in a community property state, like California, she will be entitled to half the value of the unvested options that are considered ma...
by oldfort
Sun Jul 12, 2020 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming teacher after reaching FIRE? Advice needed!
Replies: 73
Views: 4666

Re: Becoming teacher after reaching FIRE? Advice needed!

If you are truly ready to FIRE and it isn’t about the money, then take a look at private schools. I went from private (Catholic) to public and the difference is night and day. From your comments about wanting a good district, you don’t seem like the type that wants to save the world in a rough, low...
by oldfort
Sun Jul 12, 2020 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming teacher after reaching FIRE? Advice needed!
Replies: 73
Views: 4666

Re: Becoming teacher after reaching FIRE? Advice needed!

I would disagree with those in this thread who think it’s a bad time to get into the profession, at least in my area, as I expect to see (and have started to see) older, retirement-age colleagues retire in the last few months who had no interest in doing so into COVID. I think if you were going int...
by oldfort
Sun Jul 12, 2020 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming teacher after reaching FIRE? Advice needed!
Replies: 73
Views: 4666

Re: Becoming teacher after reaching FIRE? Advice needed!

4) Would love to hear from current teachers on what things I need to consider when job hunting to maximize my chance of landing in a good school district. Also, my understanding is it should be fairly easy to find a job as a math/STEM teacher given it's in high demand - please correct me if I'm wro...
by oldfort
Sun Jul 12, 2020 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming teacher after reaching FIRE? Advice needed!
Replies: 73
Views: 4666

Re: Becoming teacher after reaching FIRE? Advice needed!

As a result of COVID-19, you might be choosing the worst moment to try to become a teacher. School budgets are stressed and it's easier to cram more students into a virtual classroom to save staffing costs.
by oldfort
Sun Jul 12, 2020 2:33 pm
Forum: Personal Consumer Issues
Topic: House with high tension power lines in backyard
Replies: 71
Views: 4535

Re: House with high tension power lines in backyard

I trained as a scientist, but I view with skepticism claims that various items like this are harmless. There's too much motivation for companies and corrupt scientists to lie. Look at the history of such things. Plus high tension power lines are just ugly. Unless you are simply a conspiracy theoris...
by oldfort
Sun Jul 12, 2020 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 228
Views: 13803

Re: Which College degrees are worthwhile?

Excellent then - with all the feedback you posted I am sure I have no idea what you mean either. Follow the money. Make money your number one priority when choosing careers/jobs. That will definitely work to make the most funds in the least amount of time. These are some of the most common things t...
by oldfort
Sun Jul 12, 2020 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 228
Views: 13803

Re: Which College degrees are worthwhile?

I have been following this thread, trying not to get sucked in, but I do think it’s getting a little unrealistic and dogmatic. TechFI writes: " And one should always align the college you are going to and the degree your are pursuing to the job you want after graduation. A degree from Harvard is us...
by oldfort
Sun Jul 12, 2020 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 228
Views: 13803

Re: Which College degrees are worthwhile?

Arabesque wrote:
Sun Jul 12, 2020 7:42 am
I doubt Zucherberg started with a clear goal.
Zuckerberg started working on FB his sophomore year. He was a CS major. You couldn't have invented a more laser focused career path.
by oldfort
Sun Jul 12, 2020 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Non-vested RSUs in Divorce?
Replies: 25
Views: 1573

Re: Non-vested RSUs in Divorce?

I'm not an attorney but from an asset perspective they should be treated like they don't exist. If you get fired tomorrow you get nothing. The place where they will be relevant is in your future earning for calculating income based payments like alimony and child support. Not sure exactly how they ...
by oldfort
Sun Jul 12, 2020 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Non-vested RSUs in Divorce?
Replies: 25
Views: 1573

Re: Non-vested RSUs in Divorce?

Obvious answer, see a lawyer. Personal, non-legal opinion - unvested options/RSUs/units should be treated as having a value of zero in a divorce. If you quit your job tomorrow, they would disappear. If you were fired tomorrow, they would disappear. Any value above zero is purely speculative.
by oldfort
Sun Jul 12, 2020 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Have I reach the Need for an Umbrella Policy?
Replies: 24
Views: 1682

Re: Have I reach the Need for an Umbrella Policy?

One of the main benefits of the umbrella coverage is that you will get insurance company lawyers on real cases where your policy could come into play. The insurance company won't fold up, give you 250k (their underlying policy limit, for example) and tell you you're on your own. This is a good reas...
by oldfort
Sat Jul 11, 2020 10:15 pm
Forum: Personal Consumer Issues
Topic: House with high tension power lines in backyard
Replies: 71
Views: 4535

Re: House with high tension power lines in backyard

OP you're 65. All the below will have a greater effect on your health than any theoretical and remote effect of power lines going forward. 1) Don't consume alcohol or any other drugs ever. 2) Don't use tobacco ever. 3) Exercise at least five hours every week. 4) Eat a healthy, low-sodium, low-fat, s...
by oldfort
Sat Jul 11, 2020 10:02 pm
Forum: Personal Consumer Issues
Topic: Tip Dental Hygienist for Teeth Cleaning? Thanks everyone.
Replies: 72
Views: 4883

Re: Tip Dental Hygienist for Teeth Cleaning? Thanks everyone.

Tipping seems weird. Do you tip nurses? What about the receptionist? If a medical resident operates on you, do they deserve a tip?
by oldfort
Sat Jul 11, 2020 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 228
Views: 13803

Re: Which College degrees are worthwhile?

As you do not choose to elaborate on any of these topics it is impossible to understand your position other than we are all really different. In regards to the one item that you did put some words next to: "some but minimal importance to family, friends and other activities I don't look at it this ...
by oldfort
Sat Jul 11, 2020 5:27 pm
Forum: Personal Consumer Issues
Topic: House with high tension power lines in backyard
Replies: 71
Views: 4535

Re: House with high tension power lines in backyard

I live near a medium-tension line (single pylons, no noise). I can't see it (or hear anything) but the units that can sell just as well. This is not a demonstrated health issue but an aesthetic one. I would not want to be near one of the steel truss high tension towers. The single question is: does...
by oldfort
Sat Jul 11, 2020 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 228
Views: 13803

Re: Which College degrees are worthwhile?

Well no one will be able to tell the intentions of your posts if you will not expand on your thoughts. It sounds a lot like your thoughts are that a great career would be summarized in this way: - no interest in the job, results, or impacts it has personally or with others This is mostly right. - n...
by oldfort
Sat Jul 11, 2020 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Does a Car Salesperson Make on a New Car Sale?
Replies: 102
Views: 11328

Re: How Much Does a Car Salesperson Make on a New Car Sale?

Cheez-It Guy wrote:
Thu Jul 09, 2020 11:28 am
Be honest. . . is this another tipping thread in disguise?

Need to know how much to tip a new car salesman because he isn't fairly compensated?

In this case, should 20% be the minimum.
by oldfort
Sat Jul 11, 2020 4:39 pm
Forum: Personal Consumer Issues
Topic: House with high tension power lines in backyard
Replies: 71
Views: 4535

Re: House with high tension power lines in backyard

I wouldn't buy such a house. Not only the power lines itself but if there is a path under the lines it is like a creature express way. Deer, wolves, bears and lesser wild life use the land under the power lines to roam free since few humans use that land. They may like to stop their journey and mun...
by oldfort
Sat Jul 11, 2020 4:28 pm
Forum: Personal Consumer Issues
Topic: New locks for doors - any recommendations?
Replies: 21
Views: 1286

Re: New locks for doors - any recommendations?

I personally have regular old locks. Honestly, no lock will prevent somebody from breaking into your home if they have any amount of determination. Anybody willing to break glass can be in my house in ten seconds. If you have a broken window, then you have signs of forced entry, which could be usef...
by oldfort
Sat Jul 11, 2020 4:23 pm
Forum: Personal Consumer Issues
Topic: House with high tension power lines in backyard
Replies: 71
Views: 4535

Re: House with high tension power lines in backyard

Main concerns: 1) health of high tension power lines 2) resale bc others are concerned with 1) 1) is baseless in my opinion. See this for what the American Cancer Society has to say. https://www.cancer.org/cancer/cancer-causes/radiation-exposure/extremely-low-frequency-radiation.html 2) Some buyers...
by oldfort
Sat Jul 11, 2020 3:49 pm
Forum: Personal Consumer Issues
Topic: House with high tension power lines in backyard
Replies: 71
Views: 4535

Re: House with high tension power lines in backyard

Main concerns: 1) health of high tension power lines 2) resale bc others are concerned with 1) 1) is baseless in my opinion. See this for what the American Cancer Society has to say. https://www.cancer.org/cancer/cancer-causes/radiation-exposure/extremely-low-frequency-radiation.html 2) Some buyers...
by oldfort
Sat Jul 11, 2020 3:42 pm
Forum: Personal Consumer Issues
Topic: New locks for doors - any recommendations?
Replies: 21
Views: 1286

Re: New locks for doors - any recommendations?

It’s passed enough physical tests to earn a Grade 1 rating by ANSI/BHMA (the highest rating possible), which means it’s essentially a residential version of Schlage’s true high-security deadbolts, which are meant for government and commercial buildings. Not exactly, true high security locks have a ...
by oldfort
Fri Jul 10, 2020 11:55 am
Forum: Personal Consumer Issues
Topic: Brooks Brothers Bankruptcy - Quality Issues
Replies: 74
Views: 6052

Re: Brooks Brothers Bankruptcy - Quality Issues

It's an iconic brand, but at least for me they haven't kept up with the times. I no longer wear a suit. I don't wear "dry clean only" clothes on a daily basis. Their sizing doesn't fit me. I can buy custom tailored clothes online that fit better for less than their standard pricing. I don't like ha...