Search found 438 matches

by IowaFarmBoy
Thu Sep 21, 2017 5:44 am
Forum: Personal Consumer Issues
Topic: replace freon???
Replies: 17
Views: 1122

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: 546

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: 113
Views: 13904

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: 8884

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: 16174

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: 2633

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: 1808

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: 2554

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: 2669

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: 3405

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: 2447

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: 42
Views: 3187

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: 595

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: 1292

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: 4389

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: 5032

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: 3711

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: 596

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: 6841

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: 1932

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: 4467

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: 3178

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,...
by IowaFarmBoy
Tue May 30, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance options
Replies: 33
Views: 3641

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: 1477

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: 7426

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: 1055

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: 1211

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: 2433

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: 1611

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: 1562

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...
by IowaFarmBoy
Mon Apr 24, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 113
Views: 10288

Re: Why is Real-Estate so Bad?

[ Excuse me if I am completely wrong on this (as I said I am still young and trying to grasp what I want to do with my money), but just for general knowledge, has there been a time in the past that housing market went down drastically and the US stock market was doing well? I mean, in history, isn'...
by IowaFarmBoy
Sat Apr 22, 2017 11:09 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 41116

Re: Larry Swedroe says "Goodby."

Thanks, Larry. I've learned a lot from your posts and will miss your input. Glad I got a chance to meet you in Peoria.
by IowaFarmBoy
Mon Apr 17, 2017 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: Donor advised fund - Fidelity or Schwab?
Replies: 8
Views: 822

Re: Donor advised fund - Fidelity or Schwab?

We also have one at Fidelity and are very satisfied. Our taxable account is also at Fidelity so our donations of securities is very easy. The grant process has been smooth.
by IowaFarmBoy
Sun Apr 16, 2017 8:24 am
Forum: Personal Consumer Issues
Topic: Selling jewelry/ gold?
Replies: 4
Views: 613

Re: Selling jewelry/ gold?

+1 for Midwest Refineries if what you have is scrap. Same experience as CAsage.
by IowaFarmBoy
Mon Apr 03, 2017 10:03 am
Forum: Personal Consumer Issues
Topic: What to see in Philly?
Replies: 32
Views: 2306

Re: What to see in Philly?

sawhorse wrote:I have to put in a word for the Mutter Museum. Very unique museum, but definitely not for everyone!

+1. Not for everyone but this was motivation for our side trip to Philly
by IowaFarmBoy
Sun Apr 02, 2017 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Two comma club - thank you
Replies: 16
Views: 4602

Re: Two comma club - thank you

Congrats! And I agree, this forum is a treasure.
by IowaFarmBoy
Sat Apr 01, 2017 10:14 am
Forum: Investing - Theory, News & General
Topic: anyone have AAII membership
Replies: 8
Views: 1136

Re: anyone have AAII membership

I joined (as a life member) some 35 years ago. I still get their publications, etc. they do not accept ads, but do have occasional cross marketing campaigns for things like money market funds. My view is they are interesting, with occasional very good articles in their journal. I find their year-en...
by IowaFarmBoy
Wed Mar 29, 2017 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Selling a Private Mortgage
Replies: 16
Views: 1120

Re: Selling a Private Mortgage

Was this a contract for deed where the property remains in your name until you are paid off or was it a more conventional situation where you transferred the title to the property but took back a mortgage from the buyer? The contract for deed is usually easier to deal with if the buyer defaults sinc...
by IowaFarmBoy
Sat Mar 18, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: The "investment return" method of withdrawal
Replies: 37
Views: 2123

Re: The "investment return" method of withdrawal

I'm not sure I understand your plan. To me, my portfolio is everything that I have, regardless of which accounts it is in. It seems like you have a "portfolio" and a separate pile of money. As I understand it, you are proposing that you annually move your investment returns from your portf...
by IowaFarmBoy
Wed Mar 15, 2017 5:41 am
Forum: Personal Finance (Not Investing)
Topic: Contract purchase of condo from elderly mother to fund assisted living
Replies: 7
Views: 769

Re: Contract purchase of condo from elderly mother to fund assisted living

If so, importantly, it would be desirable if the contact sale arrangement retains the property deed in her name until such time as the full purchase amount is paid. I'm thinking this would allow property ownership to still pass via inheritance if she were to pass away before the contact is paid in ...
by IowaFarmBoy
Sun Mar 12, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Is there such a thing as tax loss harvesting if you are a boglehead?
Replies: 27
Views: 2280

Re: Is there such a thing as tax loss harvesting if you are a boglehead?

I don't think anyone has mentioned this but if you are going to do charitable contributions anyway, you can avoid gains on appreciated securities by donating them. The value of this will depend on the relative size of your taxable account and the donations you plan to make.
by IowaFarmBoy
Fri Mar 03, 2017 7:56 am
Forum: Personal Consumer Issues
Topic: Replace gas water heater with electric?
Replies: 40
Views: 4176

Re: Replace gas water heater with electric?

I have a question about the heat pump style electric water heaters that perhaps someone can answer. As I understand, they harvest the heat from within the house and my question is where does this heat come from? In winter, this heat needs to be replaced by the heating system (unless it is in an unhe...
by IowaFarmBoy
Fri Mar 03, 2017 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Insurance on a diamond engagement ring
Replies: 27
Views: 2469

Re: Insurance on a diamond engagement ring

I think part of the reason for only replacing instead of cutting a check is to mitigate the moral hazard. In the absence of this provision, It would be quite easy for someone in a financial bind to "lose" a ring and get a check for the full insured value instead of having to sell the ring....
by IowaFarmBoy
Sun Feb 19, 2017 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Credit Karma vs H&R Block - significant discrepancy
Replies: 10
Views: 1720

Re: Credit Karma vs H&R Block - significant discrepancy

Do they both let you preview the forms? That should let you see pretty quickly where they are deviating. I have the desktop H&R Block and it has a nice feature to preview the forms.
by IowaFarmBoy
Sun Feb 12, 2017 7:18 am
Forum: Investing - Help with Personal Investments
Topic: Monte-Carlo results and Probability of successful outcome
Replies: 16
Views: 1860

Re: Monte-Carlo results and Probability of successful outcome

What is your starting age? 210k is a 2.1% withdrawal rate from a portfolio of $10 million and if I am understanding your scenario correctly, you have SS and DW's pension to help cover the $210k. 2.1% is about bond rates. This seems like a pretty safe situation unless we have a severe market collapse...
by IowaFarmBoy
Sat Feb 11, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Tires for an old car
Replies: 42
Views: 3006

Re: Tires for an old car

One way a tranny can fail is that internally it begins to slip. There is some kind of clutch mechanism inside it- usually either plates or bands that when worn begin to slip. I've had this happen on a pickup I once owned. Normally Toyotas do better than 170k but there are always outliers and outlyin...
by IowaFarmBoy
Sat Feb 11, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Tires for an old car
Replies: 42
Views: 3006

Re: Tires for an old car

mrc wrote:This sounds more like a clutch/transmission problem than worn tires.


+1 I've only seen tires slip when on ice and even then usually just when accelerating. From your description it sounds like it just happens when driving down the road.
by IowaFarmBoy
Fri Feb 10, 2017 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Tax deduction for a donated used car
Replies: 3
Views: 420

Re: Tax deduction for a donated used car

According IRS Publication 526 ( https://www.irs.gov/publications/p526/ar02.html#en_US_2016_publink1000229703 ), the rule for donated property is that you can claim FMV (fair market value) for donated property unless there is an exception. There is an exception for vehicles with a FMV over $500. I ca...
by IowaFarmBoy
Sun Feb 05, 2017 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Stock gifted to me as a kid. Sell or hold?
Replies: 21
Views: 2162

Re: Stock gifted to me as a kid. Sell or hold?

My first thought was do you know what your basis is given that it was purchased years ago and dividends have been reinvested? Sorting that out could be a real pain if you sell. The easy ways around that would be (a) to hold till you die and your heirs get a stepped up basis, (b) use it for any chari...
by IowaFarmBoy
Fri Feb 03, 2017 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: High Car Insurance VS Umbrella Insurace
Replies: 16
Views: 2160

Re: High Car Insurance VS Umbrella Insurace

What kind of cars? The value of the vehicle will make a difference in comp and collision. What state? Some states are much higher than others either because of risk profiles or state specific requirements and regulations. Those rates are higher than ours but we are in a pretty low cost state. Our r...