Search found 766 matches

by IowaFarmBoy
Tue May 26, 2020 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Worst House on the best block?
Replies: 47
Views: 3287

Re: Worst House on the best block?

As with most of these rules of thumb, nuance is important. It is generally a good idea if, as several has pointed out, there aren't fatal flaws. You also need to make sure getting it to the level you want makes economic sense and that you are willing to go through the remodeling processes. Sometimes...
by IowaFarmBoy
Mon May 25, 2020 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Would you pull a trigger on a home purchase or continue renting?
Replies: 45
Views: 2912

Re: Would you pull a trigger on a home purchase or continue renting?

a few thoughts and questions to ponder.... People talk a lot about rent being money that is "thrown away" but I prefer to reframe the question as "do you prefer to rent your home or your money (via mortgage)" Either way you are renting something. Do you feel stable in your life situation (employment...
by IowaFarmBoy
Mon May 18, 2020 7:06 am
Forum: Personal Consumer Issues
Topic: Is there a Cable Guy in the House?
Replies: 41
Views: 3358

Re: Is there a Cable Guy in the House?

I ran an ethernet cable from our router to our Roku. Our TV is not only on the opposite corner of the house, but a floor up. The routing is going to be, of course, the difficult part in most installations. If you can figure out a way to route and ethernet cable, this would be the best/most stable w...
by IowaFarmBoy
Sun May 17, 2020 7:22 am
Forum: Personal Investments
Topic: Ever Buy a “Good Cause” Stock?
Replies: 11
Views: 625

Re: Ever Buy a “Good Cause” Stock?

Buying existing shares doesn't really help the company. All you are doing is assuming someone else's ownership of a portion of the company. If you are buying new shares directly from the company in an offering of new shares, that would increase their capital and should help them. If you want to help...
by IowaFarmBoy
Sat May 16, 2020 11:55 am
Forum: Personal Consumer Issues
Topic: Roofing job -- what to know when paying final balance ?
Replies: 15
Views: 892

Re: Roofing job -- what to know when paying final balance ?

There's no permit for roofing or anything to give at end of job. Not like a certificate of occupancy, etc. No inspections for most areas, some local areas and codes might require a roofing inspector and final "sign off". That would be given to you along with the permit docs and permit card if those...
by IowaFarmBoy
Tue May 12, 2020 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Dental Insurance - To but or not to buy
Replies: 17
Views: 1036

Re: Dental Insurance - To but or not to buy

The one advantage with buying the plan at work is that I can pay for it with pre-tax dollars. It is hard to meet the threshold for medical itemization for deductions.

I'm retiring soon and likely will not carry it post retirement due to it largely being a pre-paid plan and not pre-tax dollars.
by IowaFarmBoy
Mon May 11, 2020 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Exclude Spouse from Car Insurance
Replies: 10
Views: 800

Re: Exclude Spouse from Car Insurance

This could vary based on state laws. I'm not sure about that but there is a lot of variance in state insurance laws.
by IowaFarmBoy
Sun May 10, 2020 6:47 am
Forum: Personal Consumer Issues
Topic: Scams that make me laugh -- what are you favorites?
Replies: 105
Views: 13868

Re: Scams that make me laugh -- what are you favorites?

I didn't realize this was old and saw a post from the Munchkin Man. Excitedly, I checked the date and saw it was from 2011 and realized this is a very old thread. Very disappointed.....
by IowaFarmBoy
Sat May 09, 2020 7:51 am
Forum: Forum Issues and Administration
Topic: Thank you, moderators!
Replies: 46
Views: 2654

Re: Thank you, moderators!

+1 Totally Agree!
by IowaFarmBoy
Thu Apr 30, 2020 6:55 pm
Forum: Personal Investments
Topic: Happy for the Boglehead Insights
Replies: 6
Views: 500

Re: Happy for the Boglehead Insights

I'm in a somewhat similar situation. I'm retiring in about a month with a pension and eventually SS. I will be drawing my savings down till SS starts in about 5-6 years. i had been 70-30 for years, decided to move to 60-40 a couple years ago and then had cheated on that allocation by putting new mon...
by IowaFarmBoy
Thu Apr 30, 2020 6:40 am
Forum: Personal Finance (Not Investing)
Topic: State Farm Safe Driving App
Replies: 45
Views: 3120

Re: State Farm Safe Driving App

We've got it on both of our cars. Our Bluetooth beacon is approx 1.25x1.25x.4 inches and can be anywhere that Bluetooth can reach. I think in one car we just have it laying in the console tray, the other it is one of the little compartments in the dash. We drive one car about 18k miles annually and ...
by IowaFarmBoy
Sat Apr 25, 2020 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Expert Consultant: $110 / hr??
Replies: 70
Views: 6432

Re: Expert Consultant: $110 / hr??

If I am reading the original post correctly, the OP has been approached by an intermediary firm who is probably billing the client at the higher rates being discussed and then is offering him $110/hr. It looks like the expectation is about 1 hour total work. OP doesn't have a direct relationship wit...
by IowaFarmBoy
Mon Apr 20, 2020 6:18 pm
Forum: Personal Consumer Issues
Topic: 100mbps vs 200mbps broadband speed
Replies: 48
Views: 1969

Re: 100mbps vs 200mbps broadband speed

A few months ago I went in to Comcast to renegotiate our bill. We had started at 50 mb and worked our way up to 100 mb. They offered me a 25 mb plan at a screaming good price and said that if it didn't work, I could upgrade my speed without penalty ( I would just start paying the rate for the higer ...
by IowaFarmBoy
Fri Apr 17, 2020 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner's Insurance - Deductible Analysis
Replies: 4
Views: 485

Re: Homeowner's Insurance - Deductible Analysis

My anecdotal experience is that the most common claim is roof replacement due to hail. From your description, you wouldn't file a claim for that with the $6000 deductible. Most other claims are rare and you sound like you can afford the risk of the higher deductible so I would be inclined to go with...
by IowaFarmBoy
Wed Apr 15, 2020 11:56 am
Forum: Personal Consumer Issues
Topic: Mesh Wifi
Replies: 118
Views: 7346

Re: Mesh Wifi

I bought a google mesh system 2-3 years ago. At the time, it was about the only convenient option and it has been flawless. No regrets other than the cost- three units were around $250, IIRC. If I were buying today, I would shop around to see what is on the market now. There could be better deals ou...
by IowaFarmBoy
Wed Apr 15, 2020 5:38 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 351
Views: 27160

Re: Report when you receive your stimulus check here

Today. Along with DW's first ever social security check.
by IowaFarmBoy
Mon Mar 30, 2020 10:09 am
Forum: Investing - Theory, News & General
Topic: CNBC: Investors Should Be Buying Individual Stocks, Not Indexes
Replies: 84
Views: 7492

Re: CNBC: Investors Should Be Buying Individual Stocks, Not Indexes

And the question I keep asking myself, what do I know/what skill do I have that makes me better able to pick these companies than others? This has already been priced into the market.

The market is more efficient than I am smart.
by IowaFarmBoy
Sun Mar 15, 2020 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I convert to Roth given QCDs?
Replies: 14
Views: 542

Re: How much should I convert to Roth given QCDs?

Whether QCDs will be allowed forever is a question, but I would endorse your thinking. I did some Roth conversions in years past. After more planning and as time passed, we decided to donate all tax-deferred accounts (about 10% of net worth) to either charities directly (QCDs if available) during o...
by IowaFarmBoy
Sun Mar 15, 2020 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I convert to Roth given QCDs?
Replies: 14
Views: 542

Re: How much should I convert to Roth given QCDs?

With this year’s tax brackets, the 12% bracket ends at Taxable Income (after deductions, standard or otherwise) of $19,750 for MFJ and $9,875 for Singles. That doesn’t allow for much in Roth conversions. If your total tax-deferred balances were $200K before the downturn, that would require an RMD w...
by IowaFarmBoy
Sun Mar 15, 2020 10:30 am
Forum: Personal Finance (Not Investing)
Topic: How much should I convert to Roth given QCDs?
Replies: 14
Views: 542

Re: How much should I convert to Roth given QCDs?

Will your QCDs still cover your whole RMDs when you are 80 or 90? My thinking has been to leave enough in the trad IRA to cover donations up into our 90s. Our QCD rate will be more than the RMDs so my spreadsheets indicate they will still cover the RMDs. Unless we have a huge bull market over the n...
by IowaFarmBoy
Sun Mar 15, 2020 9:55 am
Forum: Personal Finance (Not Investing)
Topic: How much should I convert to Roth given QCDs?
Replies: 14
Views: 542

How much should I convert to Roth given QCDs?

In the past, I've been planning on converting everything I can at 12% from traditional to Roth between retirement at 62 and starting SS at FRA or 70. I've been starting to question that strategy since QCDs are not taxed and we can still claim the standard deduction. I'm considering a change in strat...
by IowaFarmBoy
Fri Mar 13, 2020 5:57 pm
Forum: Personal Investments
Topic: How many people with 7 figure portfolios are”rejoicing ?”
Replies: 169
Views: 14067

Re: How many people with 7 figure portfolios are”rejoicing ?”

I'm planning on retiring in about 3 months so I am definitely not rejoicing. In the last year or so, I moved my retirement date up by a few years and switched my target allocation to 60 stocks, 40 fixed income. In adding new money, I actually got myself to about 57/43 at the first of the year. The m...
by IowaFarmBoy
Thu Mar 12, 2020 12:07 pm
Forum: Personal Consumer Issues
Topic: Father-in-law car crash - medical/legal/insurance advice
Replies: 16
Views: 1641

Re: Father-in-law car crash - medical/legal/insurance advice

The extent of help he will get from his own insurance will depend on what coverages he has. If he doesn't have uninsured/underinsured coverage and the other driver is at fault and is uninsured, he won't get much from his insurance. Collision might pay for his vehicle, med payments/pip might help wit...
by IowaFarmBoy
Mon Mar 09, 2020 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a university/college for my son a future Computer Science Major
Replies: 102
Views: 7432

Re: Choosing a university/college for my son a future Computer Science Major

I don't think this has been mentioned but take a look at Iowa State and Iowa, particularly if he doesn't get into UIUC. They offer substantial discounts to Illinois students with strong scores. It's very easy to get the cost to a level where it is competitive with UIUC. Iowa State has a strong engi...
by IowaFarmBoy
Sun Mar 08, 2020 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Choosing a university/college for my son a future Computer Science Major
Replies: 102
Views: 7432

Re: Choosing a university/college for my son a future Computer Science Major

I don't think this has been mentioned but take a look at Iowa State and Iowa, particularly if he doesn't get into UIUC. They offer substantial discounts to Illinois students with strong scores. It's very easy to get the cost to a level where it is competitive with UIUC. Iowa State has a strong engin...
by IowaFarmBoy
Wed Mar 04, 2020 6:27 am
Forum: Investing - Theory, News & General
Topic: "Can Low Retirement Savings Be Rationalized?"
Replies: 184
Views: 10118

Re: "Can Low Retirement Savings Be Rationalized?"

It basically neglects the possibility that a retiree may have to front sudden and/or unforeseen large expenses. This is a great point. It is very likely we will die with a lot of unspent dollars because we are retaining resources to deal with unexpected expenses, don't know our actual lifespan so w...
by IowaFarmBoy
Fri Feb 28, 2020 7:04 am
Forum: Personal Investments
Topic: Fidelity CD Question
Replies: 7
Views: 469

Re: Fidelity CD Question

I'm pretty sure they are all FDIC insured. I haven't seen them selling any that aren't. Some are callable. I missed this on a few I bought early on and lost some higher yielding CDs. There is a filter you can set when searching- i think it is under something like advanced search options. You're look...
by IowaFarmBoy
Tue Feb 25, 2020 5:54 am
Forum: Personal Consumer Issues
Topic: Do you ever use cash?
Replies: 228
Views: 13447

Re: Do you ever use cash?

I use very little cash- mainly for garage sales when they are in season. Otherwise it is one of my rewards cards.
by IowaFarmBoy
Fri Feb 21, 2020 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Replace Garage Roof only?
Replies: 14
Views: 885

Re: Replace Garage Roof only?

For me it would depend on how well you can see both of the at the same time. How much will they clash and how much do you care about that clash until you get the house done?
by IowaFarmBoy
Sat Feb 15, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Entry-Level Jobs with Pensions - What companies still offer pensions these days?
Replies: 155
Views: 12324

Re: Entry-Level Jobs with Pensions - What companies still offer pensions these days?

My megacorp still offers a traditional pension plan which is a great benefit for me. I'll be drawing about 40% of my salary after 27 years of service. It works really well if you can get in 20-30 years with the company and especially if those years include your last (highest paid) working years. The...
by IowaFarmBoy
Thu Feb 13, 2020 5:45 am
Forum: Investing - Theory, News & General
Topic: Indexing versus real estate for low income investors
Replies: 21
Views: 1604

Re: Indexing versus real estate for low income investors

I'm kind of repeating what Sandtrap said but there is significant risk in real estate. Depending on what your definition of "low income" is, you may not have the income to cover the unexpected expenses and problems that will inevitably crop up. Also, financing generally requires some amount of down ...
by IowaFarmBoy
Thu Feb 13, 2020 5:37 am
Forum: Personal Investments
Topic: Vanguard Security Issue?
Replies: 15
Views: 2519

Re: Vanguard Security Issue?

Following up on my post from a few days ago- heard back from Vanguard. So no problems, a little better message would be nice. "Our records are showing that prior to February 1, 2020, you were enrolled in our Account Activity Text Alert Service. You had been inactive in text alert messaging for over ...
by IowaFarmBoy
Wed Feb 12, 2020 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Why does auto liability insurance cost more for one car than another?
Replies: 21
Views: 1959

Re: Why does auto liability insurance cost more for one car than another?

Many companies assign drivers in the household to the different vehicles and in part base rates on who is driving. My wife may be primary on one vehicle, I may be primary on another so if my driving record is worse than hers, my vehicle will likely cost more. Also, companies frequently rate on how t...
by IowaFarmBoy
Tue Feb 11, 2020 10:53 am
Forum: Personal Consumer Issues
Topic: Deciding whether the grass is greener- city job or stay rural?
Replies: 17
Views: 1313

Re: Deciding whether the grass is greener- city job or stay rural?

One thought I don’t think anyone else has mentioned yet, what is the employment situation like in the rural area if you were to lose your current job? Are there alternatives? I live in a smallish city where a job change would likely mean moving. There’s both good and bad to that.
by IowaFarmBoy
Mon Feb 10, 2020 10:46 am
Forum: Personal Investments
Topic: DAF as part of a rebalancing strategy?
Replies: 13
Views: 765

Re: DAF as part of a rebalancing strategy?

Or just move current Vanguard DAF funds to a Fidelity DAF. Voila- lower minimum grant, but still only one DAF. I'm curious- is this possible? My understanding is that the funds no longer belong to the donor so it's not like rolling an IRA. It seems like the mechanism would be that you make a grant ...
by IowaFarmBoy
Mon Feb 10, 2020 10:36 am
Forum: Personal Investments
Topic: DAF as part of a rebalancing strategy?
Replies: 13
Views: 765

Re: DAF as part of a rebalancing strategy?

Or just move current Vanguard DAF funds to a Fidelity DAF. Voila- lower minimum grant, but still only one DAF. I'm curious- is this possible? My understanding is that the funds no longer belong to the donor so it's not like rolling an IRA. It seems like the mechanism would be that you make a grant ...
by IowaFarmBoy
Mon Feb 10, 2020 6:28 am
Forum: Personal Investments
Topic: DAF as part of a rebalancing strategy?
Replies: 13
Views: 765

Re: DAF as part of a rebalancing strategy?

Your strategy makes total sense. That is basically what we have done. One other thought- you might open a second DAF with a lower minimum grant and donate the stocks/funds you want to get rid of to it instead of your current one. Fidelity, for example, has a minimum grant of $50 vs $500 at Vanguard....
by IowaFarmBoy
Sun Feb 09, 2020 7:38 am
Forum: Personal Investments
Topic: Vanguard Security Issue?
Replies: 15
Views: 2519

Re: Vanguard Security Issue? discontinued text alerts

I just received the same letter except the date and time are different. My changes occurred "on 02/01/2020 at 01:34 am." I'm confident that I wasn't logged on at 1:34 am. Given that it was just after midnight on the first of the month, I think it is likely also system maintenance. I've sent Vanguard...
by IowaFarmBoy
Fri Jan 31, 2020 10:31 am
Forum: Personal Consumer Issues
Topic: Replace car door at Body shop or Dealership?
Replies: 20
Views: 1311

Re: Replace car door at Body shop or Dealership?

You might see if the body shop can get a used door. They might even be able to find on from a car of the same color. If not, I would definitely use the body shop instead of the dealership for a car of that age.
by IowaFarmBoy
Mon Jan 27, 2020 6:43 am
Forum: Investing - Theory, News & General
Topic: Rebalancing: Do you set a limit?
Replies: 31
Views: 2051

Re: Rebalancing: Do you set a limit?

I've been concerned about the same thing- what if the market takes a huge drop and I rebalance my way down to nothing? Of course, if the market were to get hit like that, my bonds might be in trouble, too. I'm retiring this year and have enough in bonds to cover the years till I start SS. My rule is...
by IowaFarmBoy
Fri Jan 24, 2020 6:09 am
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 26558

Re: Sad news: LadyGeek's husband has passed

Sorry for your loss. Take care of yourself.
by IowaFarmBoy
Mon Jan 20, 2020 7:02 pm
Forum: Personal Investments
Topic: Scared Stiff to retire
Replies: 91
Views: 12738

Re: Scared Stiff to retire

I'm planning to retire in about 5 months and have been scared too. I've come to the conclusion this is pretty normal and am coming to grips with it. I've got what I believe is a well thought out plan that gives us a significant cushion over the expenses needed to maintain our current lifestyle. I've...
by IowaFarmBoy
Sun Jan 19, 2020 7:41 pm
Forum: Personal Consumer Issues
Topic: Hire a Gutter company or Handyman?
Replies: 13
Views: 1227

Re: Hire a Gutter company or Handyman?

From your original post, it sounds like what you need is longer extensions at the bottom of your downspouts to get get the water further away from your foundation. Are there issues with the gutters themselves having problems? If it is just a matter of longer extensions, this is a task that a handyma...
by IowaFarmBoy
Sat Jan 18, 2020 9:33 am
Forum: Personal Investments
Topic: Should I leave this crappy old job and retire?
Replies: 32
Views: 3288

Re: Should I leave this crappy old job and retire?

blahblahsunshine wrote:
Sat Jan 18, 2020 9:26 am
Howdy - what is your mortgage balance?
Edited: Looks like OP got back with a $168k number before I posted.

I would infer $169k fro the op's numbers below:

"From 1.17M – Total
1.01M (with mortgage paid-off)"
by IowaFarmBoy
Fri Jan 10, 2020 8:11 am
Forum: Personal Consumer Issues
Topic: To repair or not
Replies: 16
Views: 1414

Re: To repair or not

The only cosmetic thing I might do is to buy a $5 (approx) bottle of touch-up at Walmart or Autozone and touch up the scratch that is rusting. Other than that, you won't come close to getting value for the repairs. And you might not even get the $5 for the paint back, but if it is rusting, I'd do th...
by IowaFarmBoy
Thu Jan 09, 2020 10:04 pm
Forum: Personal Consumer Issues
Topic: Car totaled, how does it work
Replies: 57
Views: 2926

Re: Car totaled, how does it work

UPDATE: they said $6K to fix, so they are going to fix the car, less our deductible, but if it was the other person's fault, why should I have to pay a deductible???? I am assuming they are paying the claim under your collision coverage which normally would have a deductible. If they are able to co...
by IowaFarmBoy
Tue Jan 07, 2020 7:01 am
Forum: Personal Consumer Issues
Topic: Car totaled, how does it work
Replies: 57
Views: 2926

Re: Car totaled, how does it work

Glad everyone is ok. I don't think anyone has mentioned this: If you have collision coverage on your car, you can just turn it into your company and work with them. They will subrogate against the other driver's insurance and handle all of that. (You also could submit a claim with the other driver's...
by IowaFarmBoy
Fri Jan 03, 2020 11:30 am
Forum: Personal Finance (Not Investing)
Topic: When to Collect SS
Replies: 55
Views: 3159

Re: When to Collect SS

When I run the various calculators, I get recommendations to start between 68-69 depending on the calculators. I believe what they do is to estimate the maximum benefit based on average life expectancy and some assumed rate of return so they are saying if you live to an average life expectancy, you ...
by IowaFarmBoy
Sun Dec 22, 2019 10:00 pm
Forum: Personal Consumer Issues
Topic: What tech wiring in new build house?
Replies: 124
Views: 7309

Re: What tech wiring in new build house?

If I were building a new house, I would run ENT (electrical NON-metallic tubing) to all the likely locations, probably in a 3/4" size. This is flexible conduit that is easy to install- bends, comes in long rolls or glues together with PVC connectors, etc. I would have them all terminate in a common ...
by IowaFarmBoy
Sat Dec 14, 2019 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Genworth raising LTCi premiums 150% over next 5-7 years
Replies: 165
Views: 8969

Re: Genworth raising LTCi premiums 150% over next 5-7 years

Here's a data point from Illinois. We bought a Genworth LTC policy about 14 years ago at about age 48. It was a combined policy on my spouse and I. It had 8 years that either of us could use, a one year elimination period, $150 day (then) and 5% compounded benefit increase. Premium was around $1600/...