Search found 607 matches

by IowaFarmBoy
Sat Jan 19, 2019 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Never thought it would happen to me - life changing injury
Replies: 38
Views: 4763

Re: Never thought it would happen to me - life changing injury

So sorry for your situation. You've been dealt a tough hand but seem to be handling it very well and that is to be commended. It sounds like you have enough to live a reasonably stable life. My concern when I look at your situation is that you likely are counting on these assets to get you through 5...
by IowaFarmBoy
Tue Jan 15, 2019 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Help me pick a retirement date. Or enough is enough?
Replies: 33
Views: 4104

Re: Help me pick a retirement date. Or enough is enough?

OP here Thanks to everyone for the feedback. I really appreciate the direction the comments have taken toward the end. I think they reflect the crux of our decision. You've confirmed that we are in pretty good shape with either plan and the real question is deciding what we want to do. Do I want to ...
by IowaFarmBoy
Tue Jan 15, 2019 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Help me pick a retirement date. Or enough is enough?
Replies: 33
Views: 4104

Re: Help me pick a retirement date. Or enough is enough?

OP here Thanks for all the input. This is really helping me to clarify my thinking. Several have asked about the pension. It is a pretty normal structure of years of service x a percentage factor/year x avg of the highest five year earnings with a reduction multiplier for retiring before 62. At 60, ...
by IowaFarmBoy
Mon Jan 14, 2019 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Help me pick a retirement date. Or enough is enough?
Replies: 33
Views: 4104

Re: Help me pick a retirement date. Or enough is enough?

OP here PugetSoundGuy- thanks for the kind words and encouragement. marcopolo- If I were to retire now, my pension would be significantly smaller- maybe covering 30% of expenses- and that stretches me further than I want right now. If I had to retire now, we likely we be ok financially but I don't t...
by IowaFarmBoy
Mon Jan 14, 2019 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Help me pick a retirement date. Or enough is enough?
Replies: 33
Views: 4104

Help me pick a retirement date. Or enough is enough?

I'm starting to think seriously about setting a retirement date. I'm 60 and my general plan is to retire in 2-5 years. Delaying would increase my pension and social security by about $2200/yr of delay and would require less withdrawals early on but it seems like I have "enough" regardless of date. T...
by IowaFarmBoy
Sat Jan 12, 2019 5:28 pm
Forum: Personal Consumer Issues
Topic: Brake fluid replacement?
Replies: 69
Views: 3965

Re: Brake fluid replacement?

Beyond the issue of boiling due to too much moisture, there is an issue of potential corrosion to the components of the system. Items like the ABS control unit can be very expensive and I think changing to minimize the chance of corrosion affecting a unit like this makes sense. Volvo has recommended...
by IowaFarmBoy
Sun Jan 06, 2019 6:00 pm
Forum: Investing - Theory, News & General
Topic: How do you view a savings surplus in retirement?
Replies: 117
Views: 5967

Re: How do you view a savings surplus in retirement?

I've thought about this too. I think a combination of pension and social security will meet our planned expenses. So all of our savings are surplus or cushion. However, there are so many unknowns- I'll try to list them in order of my concern. The pension isn't indexed for inflation so there is likel...
by IowaFarmBoy
Fri Jan 04, 2019 5:50 am
Forum: Personal Consumer Issues
Topic: Yellowstone Ski Sierra Club vs. DIY
Replies: 21
Views: 1285

Re: Yellowstone Ski Sierra Club vs. DIY

We did a package last winter through Yellowstone Forever. We're not skiers so we did one of the snowshoe packages that was listed for less active people. I wish it would have been a little more active but I wasn't confident I could ski well enough based on past history. They offer skiing packages of...
by IowaFarmBoy
Thu Jan 03, 2019 5:46 am
Forum: Personal Consumer Issues
Topic: Does Buyer ever Lose on eBay?
Replies: 36
Views: 2231

Re: Does Buyer ever Lose on eBay?

I'm both a buyer and seller on eBay for close to 20 years but generally more of a seller. I've always been amazed at how well it works- seems like people are basically honest. The only real problem I have had when buying is items that are shipped from China. If an item has an issue and I need to ret...
by IowaFarmBoy
Fri Dec 21, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Grandma's Money
Replies: 14
Views: 2065

Re: Grandma's Money

You might want to consider her age and life expectancy. If it is just a few years it may not be that big of deal. If twenty years then the total cost could become large.
by IowaFarmBoy
Tue Dec 18, 2018 5:51 am
Forum: Personal Consumer Issues
Topic: Is Liquid Plumber / Draino bad for the pipes?
Replies: 51
Views: 5948

Re: Is Liquid Plumber / Draino bad for the pipes?

A suggestion for future dog bathing- you might want to look into a screen/strainer for the drain. It is a plastic cover that fits over the drain and catches hair before it gets into your pipes. My wife got them for our teenage daughters with long hair. Saved me much trouble. We use something like th...
by IowaFarmBoy
Sun Dec 09, 2018 2:36 pm
Forum: Personal Consumer Issues
Topic: GE Washing Machine Screeching Sound
Replies: 19
Views: 1344

Re: GE Washing Machine Screeching Sound

My B-I-L recently bought a Speed Queen. He was told the same thing about the home lines so went through a dealer that handle commercial lines for Speed Queen and thinks he bought a model with the old school durability. I think he said he gave up a few things like being able to adjust the size of the...
by IowaFarmBoy
Sun Dec 02, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 145
Views: 14562

Re: Retirement itch- when did you get it?

I've gotten it bad recently. I've planned to retire somewhere between 62 -65. I turned 60 last summer so the time is getting close. We're going through a painful re-org at work, I've realized financially can retire at 62 and won't gain that much by waiting longer, and I'm finding some new volunteer ...
by IowaFarmBoy
Sun Dec 02, 2018 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase Price vs. Gross Income
Replies: 59
Views: 4413

Re: Home Purchase Price vs. Gross Income

When we bought in 1995 early in my career, our house was a little over 2x our income in LCOL midwest city. Today, the same house with 23 years of salary growth is about 1.25 times salary. Keeping this number low has been one of our keys to financial success and setting us up well for retirement. I t...
by IowaFarmBoy
Sun Dec 02, 2018 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Passing charity donation through heirs on death: Tax benefit?
Replies: 9
Views: 554

Re: Passing charity donation through heirs on death: Tax benefit?

We've requested something similar with our kids. We have a desire to see a portion of our estate go to charity but don't want to make the donation early in the event we need the money ourselves. Our estate will not get a significant savings in tax from the the donation. Our kids are likely in a high...
by IowaFarmBoy
Fri Nov 30, 2018 8:00 am
Forum: Investing - Theory, News & General
Topic: Why are REITS a separate asset class but healthcare is not?
Replies: 55
Views: 3122

Re: Why are REITS a separate asset class but healthcare is not?

I suspect if you ask 9 bogleheads this question you will get ten different opinions. I don't think there are hard and fast rules as to what exactly an asset class is. Your original post ties the concept of a different asset class to a low correlation. I would tend to thing of these as different sect...
by IowaFarmBoy
Fri Nov 30, 2018 7:43 am
Forum: Investing - Help with Personal Investments
Topic: Nullify Sequence of Returns Risk by Borrowing?
Replies: 31
Views: 2039

Re: Nullify Sequence of Returns Risk by Borrowing?

First, my sincere sympathy for being in a really tough situation- both emotionally and financially. And welcome to the Bogleheads. I'll get the discussion started with a few thoughts I've had and I'm sure others will also chime in. I'm not crazy about this plan. It seems like you are kicking the seq...
by IowaFarmBoy
Thu Nov 29, 2018 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Lower auto/home liability, max umbrella?
Replies: 13
Views: 954

Re: Lower auto/home liability, max umbrella?

Many companies limit the amount of uninsured/underinsured bodily injury coverage that you can purchase to the amount of regular bodily injury liability coverage you carry. The value of the high uninsured/underinsured coverage is that it protects you if you are seriously injured or disabled by a driv...
by IowaFarmBoy
Mon Nov 26, 2018 5:52 am
Forum: Investing - Help with Personal Investments
Topic: DAF and Tax Question
Replies: 9
Views: 683

Re: DAF and Tax Question

Your strategy is pretty much what we have been doing for several years and it has worked well for us. One caveat- my employer will match donations that I make to certain charities. They will not match what I give through the DAF- it has to be a direct gift to the charity. It kind of makes sense in t...
by IowaFarmBoy
Sun Nov 25, 2018 9:14 am
Forum: Personal Consumer Issues
Topic: Best MVNO for Verizon Network - any updates?
Replies: 30
Views: 2053

Re: Best MVNO for Verizon Network - any updates?

Forgot to mention, no wifi calling with total wireless
by IowaFarmBoy
Sun Nov 25, 2018 6:44 am
Forum: Personal Consumer Issues
Topic: Best MVNO for Verizon Network - any updates?
Replies: 30
Views: 2053

Re: Best MVNO for Verizon Network - any updates?

We've got 4 phones on Total Wireless. Total cost per line is about $27/mth (including taxes and fees) with unlimited calling and texting and 25 gb of shared data. Total Wireless has been pretty smooth to deal with in terms of billing and customer service. They're owned by TracFone and they have been...
by IowaFarmBoy
Fri Nov 23, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Deluxe plus State $18.17 at Walmart.com
Replies: 3
Views: 470

H&R Block 2018 Deluxe plus State $18.17 at Walmart.com

Walmart.com has a deal on H&R Block 2018 Deluxe with one state filing for $18.17 plus tax.

https://www.walmart.com/ip/H-R-Block-Ta ... /810000421
by IowaFarmBoy
Sat Nov 17, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Deluxe 2018 doesn't include Schedule D?
Replies: 35
Views: 2363

Re: H&R Block Deluxs 2018 doesn't include Schedule D?

I heard back from H&R Block. Nobody knows nothing.... Response: "Good morning, we apologize for any inconvenience. It looks like we're in the process of updating some information for the next tax season. Currently, we don't have a list of supported forms for each product. The web site will go live f...
by IowaFarmBoy
Sat Nov 17, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Deluxe 2018 doesn't include Schedule D?
Replies: 35
Views: 2363

Re: H&R Block Deluxs 2018 doesn't include Schedule D?

op here I may have just found the answer on their website. At least it might explain the conflicting info. They offer both online and downloadable options. The online appears to not include the Schedule D. https://www.hrblock.com/online-tax-filing/ The downloadable version appears to include it. I h...
by IowaFarmBoy
Sat Nov 17, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Deluxe 2018 doesn't include Schedule D?
Replies: 35
Views: 2363

Re: H&R Block 2018 doesn't include Schedule D?

op here. Thanks silk and jeb. That is the problem- the really explicit sections that silk found indicate I need Premium this year. But jeb's link shows Schedule D mentioned for Deluxe but it feels like they may have forgotten to update a webpage. I've posted a question to them via Facebook. I'll pos...
by IowaFarmBoy
Sat Nov 17, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Water-Sewer line insurance
Replies: 34
Views: 1912

Re: Water-Sewer line insurance

Here in central Illinois on a mid-60's house, we have cast iron inside the house and under the slab. When it exits the house, it switches to clay tile. I don't know if that is common elsewhere or not. We had ours replaced from the house to the street with PVC a few years ago due to tree root issues.
by IowaFarmBoy
Sat Nov 17, 2018 8:25 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Deluxe 2018 doesn't include Schedule D?
Replies: 35
Views: 2363

H&R Block Deluxe 2018 doesn't include Schedule D?

I've used H&R Block software for several years. Last year I purchased the Deluxe version and it included Schedule D for capital gains. From what I see this year, it looks like I will need to buy the Premium version to get a Schedule D. Can anyone confirm this or correct me? walmart.com had a pretty ...
by IowaFarmBoy
Tue Nov 13, 2018 6:31 am
Forum: Personal Consumer Issues
Topic: Feeling uneasy about recent splurge
Replies: 40
Views: 4066

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: 515

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: 8121

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: 3568

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: 677

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: 1418

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: 3315

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: 3898

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: 3898

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: 312

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: 3616

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: 3266

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: 2058

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: 4324

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: 3725

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: 1095

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: 3279

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: 4523

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: 1087

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: 856

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: 52311

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: 896

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: 2090

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...