Search found 580 matches

by IowaFarmBoy
Tue Nov 13, 2018 6:31 am
Forum: Personal Consumer Issues
Topic: Feeling uneasy about recent splurge
Replies: 40
Views: 3870

Re: Feeling uneasy about recent splurge

mortfree wrote:
Mon Nov 12, 2018 8:46 pm
I wouldn’t lose sleep over it.
Enjoy
Made me laugh out loud, too.

I think you did fine. The quality probably means more years of good use and if it improves the quality of your sleep, it will be worth every penny.
by IowaFarmBoy
Wed Nov 07, 2018 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Is it difficult to inherit a non-retirement account at Vanguard as co-beneficiaries?
Replies: 3
Views: 489

Re: Is it difficult to inherit a non-retirement account at Vanguard as co-beneficiaries?

When my mother-in-law passed away a few years ago, my wife and her brother were joint beneficiaries for a combination of a taxable mutual fund account (before everything had to be brokerage accounts), a traditional IRA and a Roth IRA. As I recall, the process was pretty painless. We supplied a death...
by IowaFarmBoy
Mon Nov 05, 2018 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Teaching kids there is an ample amount of money
Replies: 108
Views: 7936

Re: Teaching kids there is an ample amount of money

With kids, values are more likely to be "caught" than "taught". So it is more important for you to be living yourself in the manner than you hope they will follow. Are you living the frugal, reasonable lifestyle you want them to have? If so, you are off to a great start. It's been fun to watch our k...
by IowaFarmBoy
Sat Nov 03, 2018 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Visa Rewards - Do you move the cash out of Fido?
Replies: 47
Views: 3449

Re: Fidelity Visa Rewards - Do you move the cash out of Fido?

My taxable account is there so I just have it deposited there and invest it along with my new contributions.
by IowaFarmBoy
Sat Nov 03, 2018 6:37 am
Forum: Personal Consumer Issues
Topic: selling overseas on ebay
Replies: 8
Views: 659

Re: selling overseas on ebay

I also have had good results the with ebay's global shipping program that runner mentioned. I don't make my listings available for direct international sales. Years ago, I sold some stuff internationally and while most of the time it was ok, occasionally the package didn't show up. There was just to...
by IowaFarmBoy
Thu Nov 01, 2018 5:45 am
Forum: Personal Consumer Issues
Topic: UberEats insurance & liability
Replies: 8
Views: 1387

Re: UberEats insurance & liability

Sorry for the conflict in your life but your are right to be concerned. While I find Uber's ride services to be very convenient as a consumer, part of their success is due to "assuming away" various issues that cab companies have had to deal with. They provide insurance to their drivers while drivin...
by IowaFarmBoy
Tue Oct 30, 2018 4:45 am
Forum: Personal Consumer Issues
Topic: Who has gotten the most value out of a car?
Replies: 48
Views: 3214

Re: Who has gotten the most value out of a car?

I bought an 89 Volvo 240 for $1700 when our oldest daughter turned 16 in 2001. About 7 years later, it was backed into and insurance totaled it but I bought it back. We got $2300 from insurance and kept the car. I pounded out the dent and replaced a used taillight (total was less than $100) and our ...
by IowaFarmBoy
Sun Oct 28, 2018 5:45 am
Forum: Personal Finance (Not Investing)
Topic: How To Handle Auto Accident Insurance Company Letter
Replies: 29
Views: 3809

Re: How To Handle Auto Accident Insurance Company Letter

To expand a little on Chicago60's and LadyGeeks excellent posts just above. There are two types of losses in this situation where the other driver is at fault. The first is the property damage to the vehicle. If the OP's spouse carries collision insurance, she can file a claim with her company and h...
by IowaFarmBoy
Sat Oct 27, 2018 5:58 am
Forum: Personal Finance (Not Investing)
Topic: How To Handle Auto Accident Insurance Company Letter
Replies: 29
Views: 3809

Re: How To Handle Auto Accident Insurance Company Letter

The Driver of the car that caused the accident has only $10,000 insurance and he is from New York State. He caused the accident in NJ and we live in NJ. Liabilities for the accident exceed his insurance limit - Bus damage, Damage to guard rail and my wife's car totaled etc. In view of the above sit...
by IowaFarmBoy
Fri Oct 26, 2018 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Level Premium Term Life is Whole-Life Lite
Replies: 2
Views: 300

Re: Level Premium Term Life is Whole-Life Lite

I've been pondering the same thing. We've pretty much hit financial independence so our need is low but I do think the money would still help DW feel secure if something were to happen to me in the next few years before I retire. Depending on when I decide to retire, I think my term life policy will...
by IowaFarmBoy
Wed Oct 24, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Kitces link: The Spectrum of Financial Dependence and Independence
Replies: 30
Views: 3542

Re: Kitces link: The Spectrum of Financial Dependence and Independence

We're at 14 or at least almost there and still working to make sure I make it to 14 and maybe to 16. 15 isn't really a stop between 14 and 16. I agree with those saying 9 and 15 shouldn't be on the list.
by IowaFarmBoy
Tue Oct 23, 2018 5:29 am
Forum: Investing - Theory, News & General
Topic: Shouldn't Fridays be higher than average due to 401k contributions?
Replies: 44
Views: 3213

Re: Shouldn't Fridays be higher than average due to 401k contributions?

There could also be a little lag between when your money gets to the fund company and they actually invest it. I think this could especially be true with managed funds. Index funds likely would be more automatic but I could still see a few days of lag.
by IowaFarmBoy
Mon Oct 22, 2018 6:53 pm
Forum: Investing - Theory, News & General
Topic: "Investing versus debt pay-off?"
Replies: 31
Views: 1970

Re: "Investing versus debt pay-off?"

I’ve found paying off the mortgage as soon as possible to be a great move. A big side effect for me is that I have found that it helps build the fortitude to stick to a more aggressive asset allocation. I agree. I think of paying down debt as the equivalent of investing in a bond fund. If the inter...
by IowaFarmBoy
Sat Oct 20, 2018 7:47 am
Forum: Investing - Theory, News & General
Topic: The End of Indexing?
Replies: 33
Views: 4236

Re: The End of Indexing?

When I look at that list of megatrends, they all seem plausible and all could have impacts on the market. The problem (as several have already mentioned) is figuring out how to profit from them. I read a statistic recently that the majority of returns have always come from a relatively small number ...
by IowaFarmBoy
Mon Oct 15, 2018 5:39 am
Forum: Personal Consumer Issues
Topic: Not convinced with insurance
Replies: 45
Views: 3680

Re: Not convinced with insurance

Here's something you might explore. When our kids were teens, the umbrella cost went up a lotso we put together an alternate plan. We raised our auto limits to $1M, bumped our homeowners liability to like $600k and added a rider to our homeowners that covered some of the additional personal liabilit...
by IowaFarmBoy
Fri Oct 12, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: Crawlspace flooding issues - builder liable?
Replies: 16
Views: 1081

Re: Crawlspace flooding issues - builder liable?

Gutter no longer the issue. Cleared that after Florence. Will know more about the grading after the pro's come out. I will say this, my dad said from the very beginning that he wasn't pumped about the grade of the lot. He said the crawl space was below the surrounding lot when it should have been a...
by IowaFarmBoy
Fri Oct 12, 2018 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Should we rent a car or take our low mileage 2006 Volvo on a family trip?
Replies: 49
Views: 3236

Re: Should we rent a car or take our low mileage 2006 Volvo on a family trip?

My thinking was that for such a long road trip (mostly through long stretches of barren land) I wouldn't exactly call that route "barren". It is rural and if you take the Indian Nation Turnpike in Oklahoma it can feel empty but you are on major highways pretty much the whole way. It's not like you ...
by IowaFarmBoy
Wed Oct 10, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: No Collision/Comprehensive?
Replies: 52
Views: 4374

Re: New Car: No Collision/Comprehensive?

I'm as cheap as they come. I carry state minimum coverage on my sub-$1000 clunker. If you really have state minimum liability.... State minimum is generally only liability and at very low limits. For example, here in Illinois, the state limits are 20/40/15 which means $20k max bodily injury per per...
by IowaFarmBoy
Mon Oct 08, 2018 4:03 pm
Forum: Investing - Theory, News & General
Topic: Life insurance theory
Replies: 11
Views: 1050

Re: Life insurance theory

bsteiner wrote:
Mon Oct 08, 2018 3:57 pm
What is the connection between cash value life insurance and farmland?
Two reasons they could be connected are to pay the estate taxes and to buy out the other heirs. Pretty much the same issues as business succession planning. This wouldn't apply in all cases but could in some.
by IowaFarmBoy
Sat Oct 06, 2018 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: Term life success! Thank you Bogles!
Replies: 3
Views: 831

Re: Term life success! Thank you Bogles!

Question on this. Wife and I (in our mid 30s) each have around ~$450k in life insurance thru work policies at around $6/mo each maybe; is term life still recommended if we have this? The problem with policies through your employer is that they go away if you lose or change jobs. At that point, you ...
by IowaFarmBoy
Thu Oct 04, 2018 4:45 am
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 444
Views: 50644

Re: Your USER NAME...what does it mean?

My roots. Really shaped me. No longer in Iowa or a farmer though....
by IowaFarmBoy
Wed Oct 03, 2018 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Cash bonus for IRA rollover?
Replies: 9
Views: 860

Re: Cash bonus for IRA rollover?

I rolled about $200k to Fidelity recently and the best offer I could get from them was 500 free trades. No cash offers. I doubt I will use any of the trades.
by IowaFarmBoy
Wed Oct 03, 2018 6:20 am
Forum: Investing - Help with Personal Investments
Topic: CD strategy
Replies: 15
Views: 2045

Re: CD strategy

Are you planning on buying directly from the bank or buying brokered CDs through Vanguard, Fidelity, etc? You can probably find promotional rates at individual banks (at least occasionally) that are better than the brokered rates but this will require quite a bit more effort because of moving your m...
by IowaFarmBoy
Mon Oct 01, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance without Homeowner's/Rental Insurance
Replies: 7
Views: 668

Re: Umbrella Insurance without Homeowner's/Rental Insurance

A couple of thoughts: 1) Could you get a renter's policy from the perspective that you are renting from your parents and still want your property covered and want the liability coverage? Renter's policies are usually cheap- seems like our kids were less than $100/yr. 2) If your main concern is liabi...
by IowaFarmBoy
Mon Sep 24, 2018 4:50 am
Forum: Personal Consumer Issues
Topic: Minimalist Lifestyle
Replies: 92
Views: 11660

Re: Minimalist Lifestyle

DW and I like to garage sale. It always amazes me how much stuff some people have to sell. And it is all stuff that they good money for and now are willing to unload for ten cents on the dollar. My favorite was the family that was selling around 50 sweatshirts with various college logos. Those thing...
by IowaFarmBoy
Sun Sep 23, 2018 4:45 pm
Forum: Personal Consumer Issues
Topic: squeaky lock and hard to turn key
Replies: 18
Views: 1050

Re: squeaky lock and hard to turn key

Sounds like you may have it resolved but in case not, I want to throw one other idea out there. The suggestions above focus on the internals of the lock which is probably most likely. Another possibility is that the deadbolt is now binding on the strike plate on the jamb- basically maybe something i...
by IowaFarmBoy
Fri Sep 21, 2018 8:30 am
Forum: Investing - Theory, News & General
Topic: Simple-minded sayings?
Replies: 37
Views: 3120

Re: Simple-minded sayings?

I've come up with one that is a response to the "Rent its throwing your money away" but it hasn't caught on yet. Maybe it it's too obtuse.....

"You're ether renting your money (mortgage) or your house."
by IowaFarmBoy
Thu Sep 20, 2018 4:44 am
Forum: Personal Consumer Issues
Topic: When did you decide to move from your home to senior living?
Replies: 15
Views: 3127

Re: When did you decide to move from your home to senior living?

More observations from watching the parents.... One conclusion we have drawn is that if we need to move into an assisted living facility as a couple, we would really like to find one that is continuous care so that the one who is not in the nursing home can easily visit the other. My FIL went into a...
by IowaFarmBoy
Wed Sep 19, 2018 5:09 am
Forum: Investing - Help with Personal Investments
Topic: What can go wrong in shorting Tilray, and can EU investors short it (and how?)
Replies: 29
Views: 1326

Re: What can go wrong in shorting Tilray, and can EU investors short it (and how?)

The biggest risk is that it can keep going up. There is no limit to your potential losses if the stock keeps going up. I've never shorted a stock but I believe that if it does go up, you can't just wait it out, you will need to cover the losses in the meantime (Valuethinker has covered this well). H...
by IowaFarmBoy
Sun Sep 16, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: I see now why Rollovers can take FOREVER ....
Replies: 74
Views: 7938

Re: I see now why Rollovers can take FOREVER ....

I had an incredibly similar situation. I filled in at a community college for someone who was out on sick leave back in about 1990. I think I built up $36 in the retirement account for my six weeks. The good and the bad is that the account was with Met Life. Bad because it was required to be in some...
by IowaFarmBoy
Sun Sep 16, 2018 5:41 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9480

Re: Delaying Social Security Until 70

I used to be firmly in the wait till 70 camp but I learned that I was making an incorrect assumption that is making me look seriously at drawing at FRA of 66-8. I am married and my spouse will be drawing based on half my benefit rather than hers. I had incorrectly assumed that she would get half of ...
by IowaFarmBoy
Tue Sep 11, 2018 6:48 pm
Forum: Personal Consumer Issues
Topic: How often do you guys get alignment done on your cars?
Replies: 60
Views: 4049

Re: How often do you guys get alignment done on your cars?

+1 to those saying:
  • When I have suspension/front end work done.
  • When I have uneven wear.
  • When the car is pulling.
by IowaFarmBoy
Mon Sep 10, 2018 6:18 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with 87K left on it
Replies: 69
Views: 6350

Re: Paying off mortgage with 87K left on it

Watty -- indeed there's about 4-1/2 years left on the mortgage (due to some previous lump sum principal paydowns). Main thing I've wondered is whether it's really a 3.75% return at this point. Mortgages are front-loaded with interest --- even though the rate across the entire 15-year note is 3.75%,...
by IowaFarmBoy
Sun Sep 02, 2018 8:08 am
Forum: Personal Consumer Issues
Topic: Any taxes on Xfinity Mobile By the Gig data?
Replies: 13
Views: 925

Re: Any taxes on Xfinity Mobile By the Gig data?

And totally depends on data usage. If you are a 1-2 gig user, it is a great deal. If you are higher, not so much. We're in the middle and kind of at the edge of it being a good deal or not.
by IowaFarmBoy
Sun Sep 02, 2018 6:45 am
Forum: Personal Consumer Issues
Topic: Any taxes on Xfinity Mobile By the Gig data?
Replies: 13
Views: 925

Re: Any taxes on Xfinity Mobile By the Gig data?

The $45 unlimited plan doesn't seem that cheap- I think you can match or beat it with a number of other carriers, some of them even the full service ones. We currently are on a Total Wireless plan with two lines sharing 15 gig of data for a little over $32/line including all costs. I think our data ...
by IowaFarmBoy
Sat Sep 01, 2018 4:56 pm
Forum: Personal Consumer Issues
Topic: Any taxes on Xfinity Mobile By the Gig data?
Replies: 13
Views: 925

Re: Any taxes on Xfinity Mobile By the Gig data?

That is an amazing deal if your data usage is low. I was just looking at our old bills and it looks like we are consistently using 3-6 gigs over our 2 lines so we are kind of on the edge for Xfinity saving us much. We just use too much data traveling. We are currently with Total Wireless and we pay ...
by IowaFarmBoy
Sat Sep 01, 2018 4:42 pm
Forum: Personal Consumer Issues
Topic: Any taxes on Xfinity Mobile By the Gig data?
Replies: 13
Views: 925

Re: Any taxes on Xfinity Mobile By the Gig data?

Thanks! I just wanted to make sure it wouldn't be significantly more than $12.
by IowaFarmBoy
Sat Sep 01, 2018 4:13 pm
Forum: Personal Consumer Issues
Topic: Any taxes on Xfinity Mobile By the Gig data?
Replies: 13
Views: 925

Any taxes on Xfinity Mobile By the Gig data?

For Xfinity Mobile's By the Gig plan- do they charge taxes on the $12/gig for data so that the price is actually higher or is $12/gig an all-in cost for the data? (I realize they charge taxes and fees on the basic service which seem to run $2-3 per line.) I tried chatting with Xfinity but still didn...
by IowaFarmBoy
Sat Sep 01, 2018 5:57 am
Forum: Personal Finance (Not Investing)
Topic: House Affordability - Question on standard advice
Replies: 35
Views: 3224

Re: House Affordability - Question on standard advice

I'm not sure I can explain this clearly but I'll give it a try.... For years I've heard numbers like 2.5-3 times income should be the cap on purchase price, at least here in the midwest. As I've watched our kids move off to HCOL areas, that ratio doesn't work very well. One thought I have had is tha...
by IowaFarmBoy
Fri Aug 31, 2018 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Paid off Mortgage
Replies: 6
Views: 906

Re: Paid off Mortgage

Adding a little to what Watty and runner said: Generally, your homeowners policy will list the lender as a lien holder. The lender requires this to ensure that they are paid if there is a loss. For major losses, the insurance company will write the check as payable to both the homeowner and the lend...
by IowaFarmBoy
Sat Aug 25, 2018 6:28 am
Forum: Personal Consumer Issues
Topic: Circuit breaker stays tripped
Replies: 29
Views: 2766

Re: Circuit breaker stays tripped

Very surprised you had a light and outlets on the same circuit. I worked as an electrician back in the late 80's and the convention then (under 1985 NEC) was to put lights and plugs on the same circuit for an "area"- like a living room or a couple of bedrooms, etc. This was before arc fault breaker...
by IowaFarmBoy
Sat Aug 25, 2018 6:18 am
Forum: Investing - Help with Personal Investments
Topic: Strike One, Strike 2, and Now What? Please Help!
Replies: 67
Views: 6817

Re: How Aggressive is Aggressive: Allocation Question

To add to what mortfree said, many people end up retiring earlier than planned due to health reasons or the loss of a job and the subsequent difficulty in finding a replacement job in their 50s or 60s so you might factor that into your assessment. You may not want to be making withdrawals from an 80...
by IowaFarmBoy
Tue Aug 21, 2018 5:45 am
Forum: Investing - Help with Personal Investments
Topic: What to do with a pile of cash?
Replies: 16
Views: 2122

Re: What to do with a pile of cash?

You've got a guaranteed 4.125% return if you apply it to the mortgage. That is very tempting. My only concern is that you will take a liquidity hit. Is the emergency fund in addition to your cash? With the PTO, you are basically saying you have about 8 months of expenses available if you have a job ...
by IowaFarmBoy
Mon Aug 20, 2018 5:26 am
Forum: Investing - Help with Personal Investments
Topic: Expanding portfolio, real estate vs REITs, vs crowdfunding
Replies: 19
Views: 1277

Re: Expanding portfolio, real estate vs REITs, vs crowdfunding

Do you have access to the TIAA Real Estate fund (since you have Traditional)? It is a solid way to invest in real estate. They have direct ownership of property versus owning an index of individual REITs.
by IowaFarmBoy
Sun Aug 19, 2018 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Homeowners Insurance
Replies: 3
Views: 462

Re: Question on Homeowners Insurance

Our daughter in Wisconsin had a similar situation. The most common situation is for the HOA to cover the structure and the owner to be responsible from the "sheetrock in". This sounds like what Progressive is offering. Her HOA purchased more extensive coverage as it sounds like yours is doing- cover...
by IowaFarmBoy
Sat Aug 18, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 90
Views: 8909

Re: Edward Jones rep door knocking

andypanda wrote:
Sat Aug 18, 2018 11:31 am
I have had a lighted doorbell next to my front door for 26 years. It isn't hooked to a buzzer, bell or ringer. My friends know to knock. My close friends come straight to the kitchen door.
This is brilliant! What do you do to avoid robocallers?
by IowaFarmBoy
Sat Aug 18, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: Total Wireless v. Cricket Wireless
Replies: 13
Views: 1076

Re: Total Wireless v. Cricket Wireless

We're on Total Wireless and are pretty happy. No personal experience with Cricket but co-workers that have it are happy, especially with 4 lines. On TW, with the auto-refill discount, we are spending $64.xx for two lines. This is everything, including the fees. If I buy cards at Wal-Mart, we pay sal...
by IowaFarmBoy
Mon Aug 13, 2018 10:35 am
Forum: Personal Consumer Issues
Topic: Uninsured Motorist coverage
Replies: 30
Views: 1964

Re: Uninsured Motorist coverage

Uninsured can can cover bodily injury, property damage or both, depending on what you have purchased. If you have uninsured property damage coverage, it will cover property damage caused by an uninsured motorist regardless of whether you carry collision coverage.
by IowaFarmBoy
Sat Aug 11, 2018 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Insuring for sewer damage in a slab home
Replies: 14
Views: 1256

Re: Insuring for sewer damage in a slab home

If you have a home with a plumbing fixture in the basement, it is lower than all other fixtures on higher floors in your house and generally will be lower than most of the fixtures in your neighbors' houses. So if there is a clog in the line between your house and the street or in the city sewer mai...