Search found 458 matches

by IowaFarmBoy
Sun Nov 12, 2017 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 1651

Re: Donor Advised funds

You may want to take tax brackets into consideration, too. For example, if you are $5000 into a higher tax bracket and you want to contribute a total of $50k over the ten years, if you do it all in year one, $5k will offset the higher bracket but $45 will reduce income in the lower bracket. If you d...
by IowaFarmBoy
Tue Nov 07, 2017 6:06 am
Forum: Investing - Theory, News & General
Topic: Who owns Vanguard? Schwab and Fidelity!
Replies: 27
Views: 3510

Re: Who owns Vanguard? Schwab and Fidelity!

We hold some Vanguard ETFs at Fidelity and voted the proxies in the recent vote that Vanguard held.
by IowaFarmBoy
Thu Nov 02, 2017 4:57 am
Forum: Personal Finance (Not Investing)
Topic: Uninsured motorist coverage on umbrella
Replies: 15
Views: 1110

Re: Uninsured motorist coverage on umbrella

Doesnt your health insurance pay your medical bills in all scenarios? How do you convince your insurer to pay you 2MM if you are injured by an underinsured driver? Uninsured motorist is not just medical coverage- in addition to medical expenses, it will cover things like lost wages, pain and suffer...
by IowaFarmBoy
Wed Nov 01, 2017 6:07 am
Forum: Personal Consumer Issues
Topic: Insurance Rates, Home and Car
Replies: 7
Views: 583

Re: Insurance Rates, Home and Car

I've heard the average repair cost of a claim has gone up due to things like the number of airbags now installed in most cars and also because of the extra technology that is installed in at risk areas- think of things like backup cameras, sensors for adaptive cruise systems, lane change blind spot ...
by IowaFarmBoy
Mon Oct 30, 2017 4:55 pm
Forum: Personal Consumer Issues
Topic: Reason to have a Will?
Replies: 24
Views: 2062

Re: Reason to have a Will?

Is Vanguard one of these custodians? I looked once to check if I could add a beneficiary, but I might have missed it. It's not technically called a "beneficiary" on a taxable account. "Beneficiary" is commonly used on retirement accounts and life insurance. On a taxable account, it normally called ...
by IowaFarmBoy
Sun Oct 29, 2017 5:26 am
Forum: Investing - Help with Personal Investments
Topic: Worth Exchanging a Mutual Fund?
Replies: 5
Views: 599

Re: Worth Exchanging a Mutual Fund?

Given your ages, I would be inclined to bite the bullet, sell it and pay the taxes. Given that you work for nonprofits and have two kids, you are probably in either the 15 or 25% tax brackets so your tax rate on a long term gain is going to be 15% or 0%. Another idea, if you make charitable donation...
by IowaFarmBoy
Sat Oct 28, 2017 11:37 am
Forum: Personal Consumer Issues
Topic: Is it difficult to switch from an iPhone to an Android?
Replies: 94
Views: 6690

Re: Is it difficult to switch from an iPhone to an Android?

I switched from a Galaxy S7 to an iPhone 7 because the hearing aids I chose worked better with an iPhone. This is my first iPhone after 3-4 different models of the Samsung Galaxies. I still prefer the Galaxy phone- I really miss the back button and it just seems to run a little faster. There are thi...
by IowaFarmBoy
Fri Oct 27, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Index investing is boring
Replies: 63
Views: 5551

Re: Index investing is boring

Some excitement remains in rebalancing, strategies to minimize tax, withdrawal plans and so forth.....
by IowaFarmBoy
Fri Oct 27, 2017 6:40 am
Forum: Investing - Help with Personal Investments
Topic: How Well Do You Know About Retirement Income?
Replies: 40
Views: 4525

Re: How Well Do You Know About Retirement Income?

37/38 thanks to reading Bogleheads! I missed the variable annuity question. That's something you have taught me it is not necessary to learn about.
by IowaFarmBoy
Wed Oct 18, 2017 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Minimal insurance policy for manufactured home
Replies: 4
Views: 344

Re: Minimal insurance policy for manufactured home

I'm not sure I understand the situation. By "manufactured home" I assume are you describing a trailer or a prefab house of some type? What does "rebuilding" mean for the type of home they have? Why the limitation to $15k of coverage? Is that the fair market value of the manufactured home so that the...
by IowaFarmBoy
Tue Oct 17, 2017 7:04 pm
Forum: Personal Consumer Issues
Topic: Calculating max electrical load of your home
Replies: 34
Views: 2197

Re: Calculating max electrical load of your home

I'm a former electrician and most homes continuously use nowhere close to the rated capacity of their service. As someone pointed out, because of startup currents for motors in things like your refrigerator and ac unit, you need the extra capacity. We put in 200 amp services by default 25 years ago....
by IowaFarmBoy
Sun Oct 15, 2017 5:54 am
Forum: Investing - Theory, News & General
Topic: Which would you rather own: AAPL or S&P 600 Small Cap Index?
Replies: 57
Views: 3409

Re: Which would you rather own: AAPL or S&P 600 Small Cap Index?

How would you determine the "bottom" stocks? Do you mean the smallest or the ones that are somehow judged to be the most likely to perform poorly? If the market is efficient, you can't determine the underperformers in advance since they should all be fairly priced based on what we know at that time....
by IowaFarmBoy
Fri Oct 13, 2017 5:20 am
Forum: Personal Finance (Not Investing)
Topic: Tax Bracket in Retirement
Replies: 46
Views: 5343

Re: Tax Bracket in Retirement

Also consider that at some point, one of you likely be widowed and will be filing as a single person. The size of the brackets is much smaller when filing as single.
by IowaFarmBoy
Fri Oct 13, 2017 5:18 am
Forum: Personal Consumer Issues
Topic: A good value wine I found...
Replies: 22
Views: 2571

Re: A good value wine I found...

Looks like they make six different wines.

Actionable item: Which three would you recommend for a Boglehead three wine portfolio?
by IowaFarmBoy
Sat Oct 07, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: SS Benefit checks?
Replies: 13
Views: 1831

Re: SS Benefit checks?

As several had said, you don't qualify for benefits paid for the month of death and if a payment is issued, it must be repaid. We had this happen with my mother-in-law. She passed late in the month, we notified SS within a few days but they couldn't get her check stopped to they ended up debiting he...
by IowaFarmBoy
Wed Oct 04, 2017 7:42 pm
Forum: Personal Consumer Issues
Topic: Do I replace AC evaporative coil or get a new unit?
Replies: 26
Views: 1846

Re: Do I replace AC evaporative coil or get a new unit?

Our coil developed a leak after maybe ten years. Cost about $1000 to replace in a LCOL area. Ten years later it is going strong.
by IowaFarmBoy
Mon Oct 02, 2017 4:41 pm
Forum: Investing - Theory, News & General
Topic: Is a Roth conversion a good idea if you are in the 15% tax bracket?
Replies: 39
Views: 3851

Re: Is a Roth conversion a good idea if you are in the 15% tax bracket?

Another thing to consider is that at some point in the future you or your spouse is likely to be widowed and the survivor will be be filling as single and your tax bracket could change.
by IowaFarmBoy
Mon Sep 25, 2017 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question [Social Security Offering Lump Sum]
Replies: 26
Views: 3179

Re: Social Security Question [Social Security Offering Lump Sum]

An article in Kiplinger's indicates this is legit but may or may not be a good deal for you. It sounds like if you are past full retirement age, they give you the option of getting six months retroactive benefits but they then adjust your benefit amount as if you had started collecting benefits six ...
by IowaFarmBoy
Sun Sep 24, 2017 6:33 am
Forum: Personal Consumer Issues
Topic: Thoughts on Barefoot/Minimalist Running
Replies: 55
Views: 4160

Re: Thoughts on Barefoot/Minimalist Running

I've used Five Fingers for a number of years. The key is that you have to change your running style from heel striking to landing on the ball of your feet and I think this is why it works. If you try to heel strike in minimalist shoes, it's going to be a problem. The idea of landing on the forefoot ...
by IowaFarmBoy
Sun Sep 24, 2017 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Anyone own a home and drop insurance coverage after mortgage paid off?
Replies: 61
Views: 4979

Re: Anyone own a home and drop insurance coverage after mortgage paid off?

It's completely anecdoctal, but between my wife and me, we don't personally know anyone who's had their home completely destroyed. And the average American supposedly knows about 2,000 people. For another completely anecdotal and largely meaningless point of view, if your sample is the six houses t...
by IowaFarmBoy
Thu Sep 21, 2017 5:44 am
Forum: Personal Consumer Issues
Topic: replace freon???
Replies: 17
Views: 1283

Re: replace freon???

Sometimes when compressors die, they do so by a metal part failing and introducing lots of metal particles into the system. This requires removing the refrigerant, flushing the metal particles out and then recharging. And as someone else has mentioned, the refrigerant could be contaminated by water,...
by IowaFarmBoy
Sat Sep 16, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: How Do You Determine Insurance Value?
Replies: 10
Views: 608

Re: How Do You Determine Insurance Value?

From my days as a real estate appraiser, the definition of fair market value I learned was something like this one from Investopedia: Fair market value (FMV) is, in its simplest expression, the price that a person reasonable interested in buying a given asset would pay to a person reasonably interes...
by IowaFarmBoy
Sat Sep 16, 2017 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 129
Views: 16967

Re: Who has needed to use their umbrella insurance?

I posted this a year ago. Not me personally but this happened in our area. Here are a couple of excerpts from my original post. The link has all the details. Here's the story- In 2012, the driver of an ATV made a left turn onto a roadway from a four-way stop sign. He was hit from behind by a motorcy...
by IowaFarmBoy
Wed Sep 13, 2017 11:31 am
Forum: Personal Consumer Issues
Topic: Hearing aid 101
Replies: 95
Views: 9464

Re: Hearing aid 101

Thought I would post my story to add a data point. Last November, based on DW's observations about how loud I wanted the TV, etc, I went in to an audiologist (recommended by a friend) for a hearing check confident that I would be test ok and that I could then ignore her comments. Silly me. Turns out...
by IowaFarmBoy
Thu Aug 31, 2017 6:00 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 17838

Re: [Are the Bogleheads] getting less interesting?

I still really enjoy Bogleheads but I feel like I have noticed a few trends: It seems like every month we have a "how much liability umbrella should I buy?" thread. I guess I just need to learn to ignore them. It seems like at times the answers are less likely to answer the question and go off on ta...
by IowaFarmBoy
Wed Aug 30, 2017 5:48 am
Forum: Personal Consumer Issues
Topic: Best lubricant for exterior door locks
Replies: 27
Views: 2851

Re: Best lubricant for exterior door locks

If the key is turning but the deadbolt isn't moving, there may be problems with the bolt and it may need to be replaced. I dealt with this recently and it slowly got worse till the bolt wouldn't retract. Something was worn internally and it eventually gave out and I couldn't unlock the door. Fortuna...
by IowaFarmBoy
Tue Aug 29, 2017 6:08 pm
Forum: Personal Consumer Issues
Topic: ICE, hybrid, Phev, electric for short trips
Replies: 36
Views: 1935

Re: ICE, hybrid, Phev, electric for short trips

We've got a Prius v (the wagon version) and short trips from a cold start are not that much better than non-hybrid vehicles. The engine still has the same need to warm up. Once it is warmed up, the in town mileage is great. In your situation, I would look at either a pure electric or a plug in hybri...
by IowaFarmBoy
Sun Aug 13, 2017 5:32 am
Forum: Forum Issues and Administration
Topic: Software Updated to phpBB 3.2.1
Replies: 38
Views: 2979

Re: Forum software upgrade bug reports and change requests

longinvest wrote:
Sat Aug 12, 2017 10:27 am
Yay! Quotes now have a link to the original post, like they've had on FWF, our sister site, for a few months already. This is really awesome.
What is FWF? I looked a little but couldn't figure it out....
by IowaFarmBoy
Sat Aug 12, 2017 7:36 am
Forum: Personal Consumer Issues
Topic: Big family, small house dilemma -- kid bedrooms in basement?
Replies: 23
Views: 2828

Re: Big family, small house dilemma -- kid bedrooms in basement?

This may have been mentioned already but I didn't see it. In most localities, you will need to have egress windows in each basement bedroom to comply with code so that they can escape without having to go up the (potentially burning) stairs and to allow access for firefighters. There are requirement...
by IowaFarmBoy
Sat Aug 12, 2017 6:21 am
Forum: Personal Finance (Not Investing)
Topic: Can a salaried employee be docked pay...
Replies: 33
Views: 3574

Re: Can a salaried employee be docked pay...

I'm sure it varies by state and company. The megacorp I work for recently implemented a new PTO (paid time off) policy. If you don't have enough time in the bank and become sick, etc., you will need to take unpaid leave. So apparently it can happen in Illinois but they call it "unpaid leave of absen...
by IowaFarmBoy
Wed Aug 09, 2017 4:55 am
Forum: Personal Consumer Issues
Topic: Acadia National Park: Bar Harbor, Maine
Replies: 28
Views: 2627

Re: Acadia National Park: Bar Harbor, Maine

We were there just after Labor Day last year. We rented a cabin in Bar Harbor (on Michigan St I think) via VRBO. It was nice and not terribly expense. It was a decent walk to downtown but we are walkers and it was fine. If you're interested, pm me and I will see if I can find the info. A couple of t...
by IowaFarmBoy
Wed Aug 09, 2017 4:46 am
Forum: Personal Finance (Not Investing)
Topic: Donor advised fund at Vanguard or elsewhere?
Replies: 49
Views: 4006

Re: Donor advised fund at Vanguard or elsewhere?

We went with Fidelity because of the lower minimums and have been very happy with it. Their website is easy to use. As several others have said, you should be able to donate your third party funds to the DAF. They will liquidate and hold it in whatever they offer. Fido offers a variety of pools that...
by IowaFarmBoy
Tue Aug 08, 2017 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Selling a house (FHA buyer)
Replies: 4
Views: 635

Re: Selling a house (FHA buyer)

I sold quite a few new construction house via FHA financing 25-20 years ago. You'll get your money at closing (or soon after) just like any other sale. As you mentioned, it will require an FHA inspection, which can be picky.
by IowaFarmBoy
Fri Jul 28, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: help with the appraisal process
Replies: 21
Views: 1405

Re: help with the appraisal process

Years ago, I did appraisals. An appraisal is the appraisers best estimate of value. Two competent appraisers could easily vary by 10%. SometimesI felt confident of my valuation, sometimes I didn't. It depended largely on how good my comps were. Depending on the price, your $30k variance could be sig...
by IowaFarmBoy
Wed Jul 26, 2017 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Grandson just got married. Wants to add wife's name to accts
Replies: 32
Views: 4608

Re: Grandson just got married. Wants to add wife's name to accts

For taxable accounts, you can use a transfer on death designation. This is not technically a beneficiary but it basically achieves the same thing. Upon the account holders demise, the TOD just needs to supply a death certificate to receive the assets.
by IowaFarmBoy
Thu Jul 20, 2017 5:53 am
Forum: Personal Finance (Not Investing)
Topic: Approaching major milestone, need cool-headed advice
Replies: 34
Views: 5248

Re: Approaching major milestone, need cool-headed advice

I agree with Klang Fool's suggestion to get the house deal done and see where you are. I also agree with staying employed a little longer. I especially like the part time option. I'm considering something similar when I turn 62. I think I could probably afford to retire comfortably at 62 but a coupl...
by IowaFarmBoy
Sun Jul 16, 2017 7:02 am
Forum: Personal Consumer Issues
Topic: what's your secret to cleaning inside car windows?
Replies: 47
Views: 3930

Re: what's your secret to cleaning inside car windows?

When they say not to use Windex on tinted glass, what do they mean by "tinted"? Are we talking factory applied tinting like that at the top of the windshield or are we talking about an aftermarket tinting film?

Thanks!
by IowaFarmBoy
Mon Jul 10, 2017 4:51 am
Forum: Personal Finance (Not Investing)
Topic: Potential Contractors(W2) Position vs Unstable FTE
Replies: 5
Views: 638

Re: Potential Contractors Position vs Unstable FTE

I'm confused about one point in your question. Normally, I think of a contractor being paid on a 1099 but you mention it is a W2. Is it really a contractor position where you are treated as self-employed or are you just saying it is a one year contract for employment? If 1099, you would be responsib...
by IowaFarmBoy
Fri Jun 30, 2017 8:01 am
Forum: Investing - Theory, News & General
Topic: The Index fund fallacy - what we lost sight of!!
Replies: 55
Views: 7090

Re: The Index fund fallacy - what we lost sight of!!

I don't think anyone has mentioned this but to the degree the market is efficient, it will have already priced in the relative prospects of the companies. Those that are perceived as "top notch" will be priced at a premium, those that are sluggards will be discounted. At least in the collective best...
by IowaFarmBoy
Wed Jun 28, 2017 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Need help to sell family farm.
Replies: 19
Views: 2060

Re: Need help to sell family farm.

+1 for the auction. In Iowa many times farmland has a March 1 closing date but your auctioneer can fill you in on local customs.
by IowaFarmBoy
Wed Jun 28, 2017 5:02 am
Forum: Investing - Help with Personal Investments
Topic: Looking into selling a structured settlement and need some advice
Replies: 66
Views: 4641

Re: Looking into selling a structured settlement and need some advice

I started a home building/remodeling/rental property business at 25, was very successful till about 30 and was bankrupt by 33 when there was a really bad market crash (18 of 19 banks in the county failed). I was growing fast and everything was tied up in real estate with no income stream beyond the ...
by IowaFarmBoy
Thu Jun 08, 2017 7:10 am
Forum: Personal Finance (Not Investing)
Topic: "Paying" a minor for otherwise uncompensated work
Replies: 37
Views: 3404

Re: "Paying" a minor for otherwise uncompensated work

Maybe 15 years ago our 17 year old daughter opened a Roth at Vanguard with some of the earnings from a summer job. We matched what she put in. I had to be listed on the account as guardian since she was a minor. She was listed as the owner but as a minor. It was titled something like "JANE Doe, a mi...
by IowaFarmBoy
Tue May 30, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance options
Replies: 33
Views: 3909

Re: Umbrella Insurance options

After buying a policy, I ran into the advice of increasing the deductible as high as they'll let you. This will let you buy an even bigger policy. The idea is that if you lose a personal liability case, you'll be willing to pay $20,000 if it got you a bigger coverage amount. On the other hand, if y...
by IowaFarmBoy
Mon May 29, 2017 6:12 am
Forum: Investing - Help with Personal Investments
Topic: First Post - Inheritance
Replies: 11
Views: 1535

Re: First Post - Inheritance

First, sorry for the loss of your mother. You guys are young to be dealing with all this. I agree with Flashes. It sounds like you are very early in the estate process and a good first step would be talking to an estate attorney and CPA to really understand what the implications of the various optio...
by IowaFarmBoy
Fri May 26, 2017 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 59
Views: 7736

Re: Avoiding Taxes with RMD

Another thing to keep in mind as you plan, I tend to assume that our status will always be married. The unfortunate reality is that it is likely that either my spouse or I will pass and the survivor will be filing as single for some period of time. This has considerable impact on standard deductions...
by IowaFarmBoy
Thu May 11, 2017 8:43 pm
Forum: Personal Consumer Issues
Topic: Bicycling Delaware Maryland Pennsylvania
Replies: 13
Views: 1106

Re: Bicycling Delaware Maryland Pennsylvania

A couple years ago we visited Falling Water on our way through Pennsylvania and spotted the Great Alleghany Passage trail that runs from Pittsburgh to Cumberland, Md. It looked pretty cool and we want to catch it on a trip through there.
https://gaptrail.org/
by IowaFarmBoy
Tue May 02, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Genworth Long Term Care
Replies: 11
Views: 1252

Re: Genworth Long Term Care

I've got one with Genworth, too, and have been apprehensively watching the situation. Ours is about 10 years old (purchased at age 48) and no increases yet. We just paid our annual premium so we are good for another year. I suspect the policyholder's state may make a difference since I think the rat...
by IowaFarmBoy
Mon May 01, 2017 5:16 am
Forum: Personal Finance (Not Investing)
Topic: Umbrela Insurance is it worth?
Replies: 21
Views: 2534

Re: Umbrela Insurance is it worth?

Nalor mentioned this. Another option is to increase the liability limits on you condo/homeowners policy. Your carrier may also offer a rider to your homeowners policy that includes the extended protections like libel/slander/etc. When our kids became teens, the rate on our umbrella understandably we...
by IowaFarmBoy
Fri Apr 28, 2017 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting a down payment/avoiding gift tax
Replies: 23
Views: 1735

Re: Gifting a down payment/avoiding gift tax

I don't think there is a lot you can do. If you and he are both married, you and your spouse could each give $14,000 to both him and his spouse. That would cover $56,000. This should get him to a 20% downpayment and thus avoid PMI which is a very good thing. If you want, you could do up to the same ...
by IowaFarmBoy
Wed Apr 26, 2017 6:15 am
Forum: Personal Consumer Issues
Topic: interesting things to see/do in Victoria and Vancouver, Canada
Replies: 19
Views: 1631

Re: interesting things to see/do in Victoria and Vancouver, Canada

We were in Victoria about two weeks ago (so early April) for about 28 hours. Came in on the ferry from Friday Harbor and left on the ferry to Port Angeles. Butchart Gardens were surprisingly nice for being so early in the season. We also did high tea at the Fairmont Empress which was much more pleas...