Search found 699 matches

by IowaFarmBoy
Tue Nov 12, 2019 6:46 am
Forum: Personal Consumer Issues
Topic: What is this sound in the house?
Replies: 28
Views: 3173

Re: What is this sound in the house?

Two thoughts: I'm not sure I understood what you said about the wall joist being open in the basement but is there any way to get some kind of camera or scope into the suspect wall cavities? I saw something like this once on our church parsonage. A fluttering sound would come from the chimney occasi...
by IowaFarmBoy
Fri Nov 01, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: how does Personal Umbrella Insurance work?
Replies: 28
Views: 2648

Re: how does Personal Umbrella Insurance work?

As with almost anything insurance related, the answer will depend on the laws of your state and the wording of the specific policy you buy. In addition to excess liability for your home and auto, "most" policies add some additional protection for things like libel, slander, invasion of privacy, etc....
by IowaFarmBoy
Fri Nov 01, 2019 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Hudson Insurance Group for Umbrella Insurance
Replies: 5
Views: 483

Re: Hudson Insurance Group for Umbrella Insurance

My guess is that due to the relative rarity of claims on an umbrella policy that you won't get much actual experience here or find many reviews. I think you probably need to focus on their financial ratings (as you mentioned) and maybe see if the NY insurance commission has any data available about ...
by IowaFarmBoy
Thu Oct 31, 2019 5:14 am
Forum: Personal Finance (Not Investing)
Topic: paying foreign medical bill - after the fact:( back from vacation
Replies: 30
Views: 2991

Re: paying foreign medical bill - after the fact:( back from vacation

I agree that you need to pay this bill. A couple of questions: What reason did your primary carrier give for only covering $300? Is it because you haven't met your deductible or do they have limits/restrictions on coverage outside the US? If it is deductible, you would be expected to pay it in the U...
by IowaFarmBoy
Wed Oct 30, 2019 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Cost to build a house?
Replies: 28
Views: 2791

Re: Cost to build a house?

Location and the local labor market are going to make a big difference, too. You really need to talk to some local resources.
by IowaFarmBoy
Thu Oct 24, 2019 4:50 am
Forum: Personal Finance (Not Investing)
Topic: Executor for parent in Florida seeking guidance
Replies: 46
Views: 3194

Re: Executor for parent in Florida seeking guidance

Look for things that your parent may have forgotten to mention..... When my MIL passed away a few years ago, she did a good job of communicating things that she thought about and/or understood were important. Most things transferred by either a beneficiary designation or a TOD. But there were a few ...
by IowaFarmBoy
Sun Oct 20, 2019 5:58 am
Forum: Personal Consumer Issues
Topic: A fire next door caused water damage in my unit - Insurance question
Replies: 13
Views: 1574

Re: A fire next door damaged my unit - Insurance question

Sorry to hear about this. That sounds like a real mess. The correct answer to your question will vary a lot based on the laws of the state you live in and the specifics of the policy and company you have. You will probably get a range of answers/experience here that may or may not apply to your situ...
by IowaFarmBoy
Fri Oct 18, 2019 9:47 am
Forum: Personal Consumer Issues
Topic: Preparing for 25% tariff on Scotch
Replies: 39
Views: 4556

Re: Preparing for 25% tariff on Scotch

Wouldn’t this be market timing? :sharebeer

Someone had to say it.....
by IowaFarmBoy
Tue Oct 15, 2019 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance - Insurer Not Involved Since Less Than Deductible
Replies: 10
Views: 723

Re: Auto Insurance - Insurer Not Involved Since Less Than Deductible

I think the way this works is that you file a claim with your own company using your own collision coverage which is subject to your deductible and then they subrogate against the other driver's insurance company since it appears the other driver was at fault. You pay your own deductible but are rei...
by IowaFarmBoy
Sat Oct 12, 2019 12:12 pm
Forum: Personal Consumer Issues
Topic: Electric Car Charger - options/Amp settings?
Replies: 42
Views: 2670

Re: Electric Car Charger - options/Amp settings?

You could consider running a conduit (essentially a small pipe) so that future electric changes are as simple as pulling in new wire. In either case, make sure to record the location of the conduit or wire well. This type of as-built record can be valuable information for you or a future owner. In ...
by IowaFarmBoy
Mon Oct 07, 2019 5:39 am
Forum: Personal Consumer Issues
Topic: Buying a house with in slab copper piping
Replies: 34
Views: 4018

Re: Buying a house with in slab copper piping

When I was building houses in Texas in the 80s this was standard practice and had been for years. Radiant floor heat pretty much wasn't done there so I am only talking about supply lines. One clarification- most of the copper is actually under the concrete and in the fill sand (at least at the time ...
by IowaFarmBoy
Sun Oct 06, 2019 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Yet Another Paying Off Mortgage Thread
Replies: 27
Views: 2939

Re: Yet Another Paying Off Mortgage Thread

If you don't pay it off, will you just invest it like your existing portfolio with a 50-50 allocation? If so, is there anywhere you can earn a safe 3.5% on the fixed portion? Since I'm not aware of anywhere I could earn that return, I'd pay off the mortgage and then decide whether to stay at 50-50 o...
by IowaFarmBoy
Thu Sep 26, 2019 5:39 am
Forum: Personal Investments
Topic: Rentals vs REITs
Replies: 25
Views: 2949

Re: Rentals vs REITs

You can make 20+% returns on direct rental properties.... but the formula doing so will take you a lot of time to figure out.... and scaling it beyond a handful of properties is very difficult. It also becomes a part- time job. Another way to think of this is to ask the question "how much of the 20...
by IowaFarmBoy
Tue Sep 24, 2019 6:11 am
Forum: Personal Investments
Topic: Placing bid on brokered cd?
Replies: 14
Views: 1320

Re: Placing bid on brokered cd?

I built up enough interest in my account to have another go at buying one cd ($1000). On Friday, I placed a day order for a CUSIP that someone was selling with a minimum quantity of 1. I kind of split the difference between the bid and ask yield. There was a pretty large spread on this issue. The d...
by IowaFarmBoy
Mon Sep 23, 2019 7:54 pm
Forum: Personal Investments
Topic: Placing bid on brokered cd?
Replies: 14
Views: 1320

Re: Placing bid on brokered cd?

I built up enough interest in my account to have another go at buying one cd ($1000). On Friday, I placed a day order for a CUSIP that someone was selling with a minimum quantity of 1. I kind of split the difference between the bid and ask yield. There was a pretty large spread on this issue. The da...
by IowaFarmBoy
Sat Sep 21, 2019 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance advice needed
Replies: 12
Views: 1079

Re: Term Life Insurance advice needed

I think the biggest issue to consider is the question that Brianmcg321 raised: What will your spouse and kids have to live on if you are gone? What sources of income will they have (job, SS survivor, etc.) and how does that compare to their expenses? $350k (after house payoff) may or may not last lo...
by IowaFarmBoy
Fri Sep 20, 2019 5:37 am
Forum: Personal Consumer Issues
Topic: Need help with car trading dilemma.....
Replies: 16
Views: 1515

Re: Need help with car trading dilemma.....

I have some questions about option 3. Does it mean that your wife isn't getting the Pilot/Highlander or did you just assume that was happening? I'm also curious about the comment that the daughters like this option- why? Why wouldn't they want her to get the larger vehicle to be able to haul their (...
by IowaFarmBoy
Tue Sep 17, 2019 5:39 am
Forum: Personal Consumer Issues
Topic: Anyonw driving Uber for fun and pocket money in retirement?
Replies: 111
Views: 11475

Re: Anyonw driving Uber for fun and pocket money in retirement?

every market and insurance company is different- some want this business and some don't. usaa in Oregon, for "rideshare gap" coverage when I already have sensibly high limits? $5/month. Uber covers you for the majority of the driving (they build this into their take), so the need for gap coverage i...
by IowaFarmBoy
Sat Sep 07, 2019 12:31 pm
Forum: Personal Investments
Topic: Placing bid on brokered cd?
Replies: 14
Views: 1320

Re: Placing bid on brokered cd?

I think fill or kill orders are similar to market orders when comparing to individual stock or ETF trading. So if you specify amount there which is below market, your order will be killed immideatley. I think you will need to place order without any limit, then only they might get filled. I kind of...
by IowaFarmBoy
Fri Sep 06, 2019 5:26 pm
Forum: Personal Investments
Topic: Placing bid on brokered cd?
Replies: 14
Views: 1320

Re: Placing bid on brokered cd?

OP here- I gave it a try with no success. The account I used is at Fidelity. I found three cds that I was interested in and placed “fill or kill” bids splitting the difference between the quoted bid and ask prices in hopes of juicing my return slightly. All the orders expired and were cancelled afte...
by IowaFarmBoy
Wed Sep 04, 2019 6:35 pm
Forum: Personal Investments
Topic: Placing bid on brokered cd?
Replies: 14
Views: 1320

Placing bid on brokered cd?

I couldn’t find any threads addressing this- if there are some please point me to them. I’ve got $40k in my cd ladder that I need to roll over. In the past, I have just paid the ask price. However, when I look at the bid/ask, it looks like the bid is about .15% above the ask price. Granted, this is ...
by IowaFarmBoy
Wed Sep 04, 2019 5:01 pm
Forum: Personal Consumer Issues
Topic: Winter (snow) tires for Volvo XC-70
Replies: 26
Views: 1654

Re: Winter (snow) tires for Volvo XC-70

I've had good luck with General Altimax Arctics. A pretty good value. I think General is owned by Continental.
by IowaFarmBoy
Sat Aug 24, 2019 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Car accident: advice needed
Replies: 22
Views: 2413

Re: Car accident: advice needed

My car is older ( 2004). But I do have full comp. I'm nitpicking here but comp doesn't cover an accident. (I suspect you meant to say collision instead of comp.) Your car would be covered by your collision coverage. Normally people either have both comp and collision or neither but not everyone fol...
by IowaFarmBoy
Mon Aug 19, 2019 9:54 am
Forum: Investing - Theory, News & General
Topic: How about an 856-year bond?
Replies: 24
Views: 3329

Re: How about an 856-year bond?

An 856 year bond sounds more like a preferred stock than a bond.
by IowaFarmBoy
Thu Aug 15, 2019 2:22 pm
Forum: Investing - Theory, News & General
Topic: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'
Replies: 101
Views: 10915

Re: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'

I thought GE had spun off Genworth and that most (all?) of the LTC business was with placed with Genworth? Is Genworth truly a separate entity at this point or is GE still on the hook in some way- like providing reinsurance? Edit: I just read the link and it does sound like GE is on the hook for a l...
by IowaFarmBoy
Wed Jul 31, 2019 4:53 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 41
Views: 5456

Re: Roll Call for the Retirement Class of 2020!

Last day at work will be sometime in June. I will use up vacation till I start pension on Sept 1. I will turn 62 that August.
by IowaFarmBoy
Sat Jul 20, 2019 4:48 pm
Forum: Personal Consumer Issues
Topic: finding transformer in attic with insulation (edited for correct name of component)
Replies: 36
Views: 2325

Re: finding transformer in attic with insulation (edited for correct name of component)

When I was wiring houses 30 years ago, we put them in a two gang switch box that we mounted the chime unit on. Our current house has it at the panel. As many have said, they can be all over the place.
by IowaFarmBoy
Mon Jul 15, 2019 7:19 pm
Forum: Personal Consumer Issues
Topic: Hot water heater on pilot light
Replies: 21
Views: 1932

Re: Hot water heater on pilot light

Or most likely never . :) I don't know anybody who checks their anode ever. The need to do this varies greatly depending on your local water supply. I recently changed the anode out in our 5 year old heater and it was pretty much eroded away. Our municipal water is very hard on the anodes and the t...
by IowaFarmBoy
Fri Jul 12, 2019 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone inherited a obligation/burden/responsibility?
Replies: 76
Views: 8356

Re: Has anyone inherited a obligation/burden/responsibility?

I have two thoughts: 1) When I watch Antiques Roadshow, I see families bringing in items that belonged to some great...great grandfather that have now become an "heirloom". Things like old military uniforms, pictures, etc.,- not something like a Chippendale chair. They are so far removed from the pe...
by IowaFarmBoy
Sun Jul 07, 2019 8:28 pm
Forum: Personal Consumer Issues
Topic: Survived the First Week [of retirement, what's next?]
Replies: 70
Views: 9172

Re: Survived the First Week

I had one of those "ruh-roh" moments a year or so ago when there were rumors of buyouts coming at my company and I realized I could be done in a few weeks without any real plan. Fortunately (I think!) they didn't materialize and I didn't have to worry about it. It sounds like you were kind of caught...
by IowaFarmBoy
Fri Jul 05, 2019 4:41 am
Forum: Personal Finance (Not Investing)
Topic: Land in FEMA Flood Plain
Replies: 23
Views: 1828

Re: Land in FEMA Flood Plain

What is the elevation of where you would build relative to the 100 year flood level? Is the slope of the lot gradual or is there a big drop off? If it is only a few feet higher, it seems risky. If the improvements are a lot higher in elevation, then maybe not so much.
by IowaFarmBoy
Mon Jul 01, 2019 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare Nightmare after wife's surgery
Replies: 84
Views: 7786

Re: Healthcare Nightmare after wife's surgery

Could be another case of "drive-by" doctoring...
viewtopic.php?t=194385
by IowaFarmBoy
Sat Jun 29, 2019 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Illinois State Tax Loophole? What am I missing?
Replies: 53
Views: 5116

Re: Illinois State Tax Loophole? What am I missing?

I've been doing this for several years and it is quite simple. I think you pretty much have it figured out. I make a contribution to a traditional IRA and just put the money in a money market sweep account. As soon as it shows up, I initiate the conversion on the Vanguard website. I think your descr...
by IowaFarmBoy
Fri Jun 21, 2019 8:10 pm
Forum: Personal Consumer Issues
Topic: Tree stump, can't use a stump grinder. Solution?
Replies: 64
Views: 6154

Re: Tree stump, can't use a stump grinder. Solution?

The type of roots you are dealing with can vary greatly depending on the species. Some send a big tap root pretty much straight down. Others don't send much root down but send out a lot of horizontal roots. The species could greatly affect some of the advice about digging or cutting it out.
by IowaFarmBoy
Fri Jun 21, 2019 7:26 am
Forum: Investing - Theory, News & General
Topic: The problem in retirement we rarely discuss [what to do with stock funds]
Replies: 58
Views: 6525

Re: The problem in retirement we rarely discuss

I'm assuming these are in taxable accounts or else it wouldn't be an issue. I was a little unclear whether these were individual stocks or mutual funds. Here are some things that immediately come to mind: The perfect is the enemy of the good. They have done well. Do what they can, relax and enjoy li...
by IowaFarmBoy
Wed Jun 19, 2019 4:27 am
Forum: Personal Consumer Issues
Topic: Verizon to Xfinity Mobile for Cell Services
Replies: 13
Views: 1064

Re: Verizon to Xfinity Mobile for Cell Services

We've never had "real" Verizon service but are now on Total Wireless (another Verizon MVNO so I think the service is roughly equal) and one of our daughters and her husband are on Xfinity using our internet service to quality. We use too much data to make Xfinity work for us but our daughter has sta...
by IowaFarmBoy
Sat Jun 15, 2019 12:41 pm
Forum: Personal Consumer Issues
Topic: IPhone 6 - showing some age
Replies: 98
Views: 9666

Re: IPhone 6 - showing some age

You could also buy a "battery case" for the iPhone. I was going to suggest the same thing but Stinky beat me to it. I also have the Apple case for my iPhone 7 and really like it. I found that I was perilously low by the end of many days. With this case, I never have to worry about it. It does add s...
by IowaFarmBoy
Sun Jun 09, 2019 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 20713

Re: Paying for rent is throwing away money...myth?

Another way to think of it........If you have a mortgage, you are renting the money. So you are still renting something.
by IowaFarmBoy
Fri Jun 07, 2019 7:08 am
Forum: Personal Consumer Issues
Topic: Everyone ought to be required to have an umbrella policy and life insurance!
Replies: 13
Views: 1525

Re: Everyone ought to be required to have an umbrella policy and life insurance!

I think I am changing direction on this thread slightly- generally state required insurance is only for liability- for damage you cause to someone else. The OP's suggestions were for things that you buy to protect yourself. think there is a place for requiring drivers to be financially responsible f...
by IowaFarmBoy
Fri May 31, 2019 3:03 pm
Forum: Personal Investments
Topic: Just Got a Call From Fidelity
Replies: 55
Views: 8040

Re: Just Got a Call From Fidelity

In other news, my son got a letter from Vanguard threatening to kick him out of Voyager Select status which is amusing since he's never had more than $3,000 at Vanguard in his entire life. A guy at work was told he was getting kicked out of Flagship. He is not even close to 1M, but apparently when ...
by IowaFarmBoy
Wed May 22, 2019 6:24 am
Forum: Investing - Theory, News & General
Topic: Regression to the Mean - and our money
Replies: 16
Views: 1716

Re: Regression to the Mean - and our money

I've wondered about how we are interpreting regression to the mean. Is it a cause or is it an observation of the results? When I read statistical definitions, it seems to have more to do with randomness of measurements- it describes the situation of your first observation being extreme and your seco...
by IowaFarmBoy
Mon May 20, 2019 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 486
Views: 49391

Re: Selling home- Demanding Buyer (Repairs)

In a former life, I was an electrician. The power company supplied the meter base but I was responsible for mounting it in a code-compliant location, part of which included the proper height. That location doesn't meet code. The power company would then run the line up to the meter and connect it. M...
by IowaFarmBoy
Sat May 18, 2019 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance
Replies: 36
Views: 2829

Re: Long Term Care Insurance

+1 to smitcat's advice There have been numerous threads on this topic and this field has changed a lot because the product hasn't worked as the actuaries originally forecast. You really need to get quotes to see what is available now. We bought in our late 40's (about 10 years ago). My dream policy ...
by IowaFarmBoy
Mon May 13, 2019 4:29 am
Forum: Personal Finance (Not Investing)
Topic: Transfer on Death Accounts
Replies: 40
Views: 4475

Re: Transfer on Death Accounts

Your executor may need some money available to settle your estate- final expenses, medical bills, special bequests, etc. Before my MIL passed, she went through her plan and will with us. I noticed she had made a bequest in her will but with all her TOD and beneficiary designations there wasn't going...
by IowaFarmBoy
Sun May 12, 2019 4:56 am
Forum: Personal Consumer Issues
Topic: Ever Had an Animal Stuck in Chimney? What Did You Do?
Replies: 32
Views: 2324

Re: Ever Had an Animal Stuck in Chimney? What Did You Do?

Thirty years ago when I was building houses, the damper only opened up so far (IIRC maybe 3-ish inches) and it made a fairly sharp bend to prevent downdrafts from blowing directly back in so you may not have much access with the route you are planning. I don't think I could have gotten my hand throu...
by IowaFarmBoy
Sat May 11, 2019 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Can wife Top off her Social Security benefits?
Replies: 33
Views: 4288

Re: Can wife Top off her Social Security benefits?

Thanks for quick response. So, you are saying Wife could start getting $300 this year and add about $400 (assuming reduction is $100 as an example) when Husband starts collecting his $1500 at his FRA (note that Husband is 1 year younger), right? That is my understanding. Technically, I believe the ...
by IowaFarmBoy
Sat May 11, 2019 10:09 am
Forum: Personal Investments
Topic: Evaluating Pension Options
Replies: 16
Views: 823

Re: Evaluating Pension Options

I would get the best projections of the benefits from all options that I can. Then I would calculate the present value of each stream to make sure there isn't a big advantage for one path. After that, I think it become a matter of how this fits into the rest of your plans- what other accounts do you...
by IowaFarmBoy
Fri May 10, 2019 6:33 am
Forum: Personal Finance (Not Investing)
Topic: What does "Minimum Life Company Rating" indicate at Term4Sale.com?
Replies: 5
Views: 551

Re: What does "Minimum Life Company Rating" indicate at Term4Sale.com?

There are guaranty funds that will pay you if the insurer goes.insolvent. This negates the value of the rating a bit. Frequently there are limitations on how much they will guarantee so you can't count on it for total protection. I just did a quick google on our state (Illinois) and the cap on bene...
by IowaFarmBoy
Sun May 05, 2019 5:03 am
Forum: Personal Investments
Topic: CDs in early retirement to enable Roth Conversions?
Replies: 33
Views: 3511

Re: CDs in early retirement to enable Roth Conversions?

[What I think you need (and you are able to do this, if you know Excel) is to build two scenarios: * what your age 71 situation will be like if you don't do any Roth conversions * what your age 71 situation will be like if you convert $50K (a number for which I'm making an educated guess) each year...