Search found 474 matches

by IowaFarmBoy
Fri Jan 19, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Have you or anyone you know actually used umbrella coverage?
Replies: 31
Views: 2523

Re: Have you or anyone you know actually used umbrella coverage?

I started a thread giving an example of this a year or so ago. This a situation that actually happened in rural Illinois in our community. Not me personally or anyone I know but this really happened. Here are a couple of excerpts from my original post. The link has all the details. Here's the story-...
by IowaFarmBoy
Sun Jan 14, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Uber experience as worker?
Replies: 16
Views: 1599

Re: Uber experience as worker?

Lyft and Uber cover you for both collision and liability. This is somewhat true. Take a very careful look at what Uber does and does not cover. It varies based on whether you only have the app on, are on your way to pick up a passenger or are carrying a passenger. For example, while the app is on b...
by IowaFarmBoy
Sun Jan 14, 2018 7:25 am
Forum: Personal Consumer Issues
Topic: wireless dead again - router suggestions?
Replies: 35
Views: 1702

Re: wireless dead again - router suggestions?

+1 to the suggestions about the power adapter. I ran Netgear routers for years and did have to replace one power adapter. I keep a box of my old power adapters and have one that is a multifunction adapter.

I did just convert to a Google Wifi mesh system. It is very nice.
by IowaFarmBoy
Thu Jan 11, 2018 6:31 am
Forum: Personal Consumer Issues
Topic: Trying to downsize but still too much stuff
Replies: 59
Views: 5609

Re: Trying to downsize but still too much stuff

Maybe scan the personal papers and store electronically?

I agree that 18 boxes is admirable.
by IowaFarmBoy
Wed Jan 10, 2018 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Did I need a lawyer after an accident?
Replies: 29
Views: 2605

Re: Did I need a lawyer after an accident?

Any idea what kind of liability limits the other driver was carrying? If a habitual DUI, it was probably state minimum which can be as low as 15-25K so the insurance company may be waiting to be sure all the bills come in before releasing the money. I don't know how they would prioritize the bills b...
by IowaFarmBoy
Wed Jan 10, 2018 6:01 am
Forum: Personal Consumer Issues
Topic: Help choosing a hatchback- civic, golf, prius and Volvo V60
Replies: 40
Views: 2114

Re: Help choosing a hatchback- civic, golf, prius and Volvo V60

Maybe take a look at the Prius v (the wagon version). More space than the regular Prius and still over 40 mpg. It's close to the size of a RAV 4. We've got one and have really liked it.
by IowaFarmBoy
Sat Jan 06, 2018 8:57 pm
Forum: Investing - Theory, News & General
Topic: Order of spending down accounts- assumed inheritance
Replies: 7
Views: 704

Re: Order of spending down accounts- assumed inheritance

I think your strategy generally makes sense but it does depend on the tax brackets that you and your heirs are in. Our kids currenlty are and likely will be in higher tax brackets than us so it makes sense for us to draw down the traditional IRA/401ks at our lower rates. RMDs will require withdrawal...
by IowaFarmBoy
Fri Jan 05, 2018 7:15 am
Forum: Investing - Theory, News & General
Topic: Hypothetical question: Will a man who lives forever own the world?
Replies: 23
Views: 1595

Re: Hypothetical question: Will a man who lives forever own the world?

I can think of three comments and two scenarios. It seems to me that this could be close to true if the value of the world is fixed and doesn't grow. If the value of the world is fixed, it seems like mathematically he would approach owning all but never reach it. For example, if I have you half of s...
by IowaFarmBoy
Mon Jan 01, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Who should we appoint as executor?
Replies: 33
Views: 2699

Re: Who should we appoint as executor?

Co-executor may not work as is generally expected. I'm sure this could vary by state so talk to your attorney. My mother-in-law named her two children (my wife and her brother) as co-executors of her estate. We were suprised to learn that in Iowa in 2014 (according to her attorney), they were each e...
by IowaFarmBoy
Sun Dec 31, 2017 7:49 am
Forum: Personal Consumer Issues
Topic: Want adequate filter to discharge clothes drier indoors
Replies: 24
Views: 2312

Re: Want adequate filter to discharge clothes drier indoors

I'm sure everyone has thought of this but just in case....

Inside venting should only be considered for ELECTRIC dryers. A GAS dryer (like ours) needs to be vented outside for obvious reasons.

Mr Obvious will sign off now.
by IowaFarmBoy
Mon Dec 25, 2017 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: EU Passport For Cheap College and Other Benefits
Replies: 52
Views: 3518

Re: EU Passport For Cheap College and Other Benefits

Are they fluent in the language the EU colleges would be using?
by IowaFarmBoy
Sat Dec 16, 2017 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 23433

Re: be careful, no longer allowed to prepay local and state taxes for a deduction

OK, I am confused. The first link says you can't prepay this year and deduct against your 2018 taxes. But if I pre-pay this year, I would deduct on my 2017 taxes. I wonder if the writer was considering taxes for 2017 filed in 2018 as "2018 taxes". The second link doesn't mention 2018 specifically.
by IowaFarmBoy
Sat Dec 09, 2017 8:59 am
Forum: Investing - Theory, News & General
Topic: Just not getting it [Stock Picking versus TSM]
Replies: 98
Views: 14228

Re: Just not getting it

The thing I keep asking myself when I have thoughts like yours is "how can I be smarter than all those professionals who devote all their time to this?" Active managers generally are smart, well-educated, experienced, have access to more data and company management than I do and this is their full-t...
by IowaFarmBoy
Fri Dec 08, 2017 10:16 am
Forum: Forum Issues and Administration
Topic: Thank you Admins
Replies: 28
Views: 2591

Re: Thank you Admins

+1 or maybe that should be + infinity....
by IowaFarmBoy
Wed Dec 06, 2017 6:14 am
Forum: Personal Consumer Issues
Topic: New Chromebook user, loving it, quick question
Replies: 14
Views: 1577

Re: New Chromebook user, loving it, quick question

I use Evernote for notes, to do lists, keeping lists of addresses, etc. It's not on the hard drive, though, but I view that as an advantage since I can access it from my phone, desktop and Chromebook.
by IowaFarmBoy
Mon Nov 20, 2017 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Issue with spousal contribution to Backdoor Roth IRA after just getting married
Replies: 3
Views: 344

Re: Issue with spousal contribution to Backdoor Roth IRA after just getting married

I'm confused by your statements about her contributing to a Roth IRA with a former employer. Are you sure that wasn't a 401k, possibly a Roth 401k? Accounts from employers are generally 401k's (or possibily 403b's). IRA's are independent of your employer.
by IowaFarmBoy
Sun Nov 12, 2017 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 2048

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: 3830

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: 1232

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: 688

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: 2254

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: 663

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: 99
Views: 8125

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: 5986

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: 4871

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: 382

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: 2468

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: 3883

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: 5660

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: 2745

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: 1934

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: 2010

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: 4218

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: 3385

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: 4562

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: 5448

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: 1352

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: 650

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: 17675

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: 9937

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: 19035

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: 3143

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: 2074

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: 3375

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: 3023

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: 3770

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: 2822

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: 4512

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: 670

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: 1524

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...