Search found 503 matches

by IowaFarmBoy
Sun May 27, 2018 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Genworth LTC (Again)
Replies: 19
Views: 1769

Re: Genworth LTC (Again)

WeI've got a Genworth policy, too, and have the same frustrations. We've gone from about $1800/yr to $2600/yr in one increase over the 12 years we have had the policy. I really like your description of self-insuring- it's really not insuring, it's just saying you're willing to pay for your care out ...
by IowaFarmBoy
Sat May 26, 2018 4:43 am
Forum: Investing - Theory, News & General
Topic: The "4% withdrawal rate"- would it apply to someone "retiring" in their 70s?
Replies: 54
Views: 4480

Re: The "4% withdrawl rate" - would it apply to someone "retiring" in their 70s?

The 4% rate was developed with the goal of having a safe inflation adjusted income for 30 years and was based on a mixed portfolio with the expected returns at that time. If any of these factors are different, the safe rate could change. For example, many believe returns will be lower than what was ...
by IowaFarmBoy
Wed May 23, 2018 6:08 pm
Forum: Personal Consumer Issues
Topic: Should I spend $1,500 on getting some rust repaired on a 15 year old Buick
Replies: 36
Views: 2609

Re: Should I spend $1,500 on getting some rust repaired on a 15 year old Buick

I think it all comes down to how you will use the car and how important it is to you to have it not look rusted out. Financially the car probably isn't worth spending the money on but as someone pointed out, you will have a car for $1500 that should run a long time. If it was my primary driver and i...
by IowaFarmBoy
Mon May 21, 2018 6:17 am
Forum: Personal Consumer Issues
Topic: Detached Garage
Replies: 18
Views: 2261

Re: Detached Garage

Thanks for all the informative responses. It seems like the general consensus is that whichever option I go with to be sure that it’s dug below the frost line. Thanks again. The other basic thing is to follow the local codes and recommendations from your architect. They will be adapted to your cond...
by IowaFarmBoy
Sat May 19, 2018 7:18 pm
Forum: Personal Consumer Issues
Topic: Detached Garage
Replies: 18
Views: 2261

Re: Detached Garage

Either way, below frost line. +1 The monolithic slab is a good option but you do want it to go below the frost line. I used to build houses in Texas and pretty much everything was monolithic slab and they generally worked well. But you do need beams that are big enough and have enough rebar for rei...
by IowaFarmBoy
Thu May 17, 2018 4:53 am
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 8132

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

I'm reminded of the old joke- "He has successfully predicted 10 of the last 5 market crashes..."
by IowaFarmBoy
Wed May 16, 2018 8:56 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 491
Views: 28846

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

If you currently file using married brackets, at some point the survivor of you or your spouse will be filing using single brackets and your rate may be higher.
by IowaFarmBoy
Sun May 13, 2018 6:21 am
Forum: Investing - Theory, News & General
Topic: Guidelines on ratio of Pre-tax, Roth, Post-tax Investing
Replies: 35
Views: 2120

Re: Guidelines on ratio of Pre-tax, Roth, Post-tax Investing

As several have said, it is hard to know because we are trying to predict future incomes, tax rates, etc. We currently have income that, depending on itemization bunching, pre-tax 401k, etc., can put us into the 22% bracket or not depending on how aggressive we are. (I'm going to use current tax rat...
by IowaFarmBoy
Fri May 04, 2018 6:00 am
Forum: Investing - Help with Personal Investments
Topic: Bank loan
Replies: 6
Views: 536

Re: Bank loan

The bank is calculating what is called "add-on" interest. It is an alternate method for calculating interest that is better for them, worse for you. But it is a real "thing."

https://www.investopedia.com/terms/a/ad ... terest.asp
by IowaFarmBoy
Thu Apr 26, 2018 4:39 am
Forum: Personal Consumer Issues
Topic: Anyone had luck getting condo to install solar panels?
Replies: 6
Views: 689

Re: Anyone had luck getting condo to install solar panels?

One of the issues you will need to resolve is what to do with the electricity. My original thought was that this a cool idea in that you could get some economies of scale in terms of inverters and electrical hookups but then I realized that everyone probably has their own meter so you wouldn't gain ...
by IowaFarmBoy
Sat Apr 21, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: State and fed tax credits - buying a Bolt electric vehicle before it’s needed
Replies: 20
Views: 1732

Re: State and fed tax credits - buying a Bolt electric vehicle before it’s needed

Buying it four years early seems like a long time. I would expect EV technology to change a lot during that time. It wouldn't surprise me to see electric vehicles drop in price as the technology becomes more mainstream, thus offsetting some of your savings. Plus you would have the carrying costs lik...
by IowaFarmBoy
Sat Apr 21, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Renting out home with Swimming pool
Replies: 10
Views: 2252

Re: Renting out home with Swimming pool

+1 on the legal and insurance review One issue that comes to my mind is that you may be really good at dealing with the attractive nuisance issues when you are living there- keeping unauthorized people out, keeping gates locked, etc. A tenant may or may not be. Their negligence could leave you liabl...
by IowaFarmBoy
Sun Apr 15, 2018 8:40 pm
Forum: Personal Consumer Issues
Topic: Is it necessary to replace brake fluid on a car every 3 years?
Replies: 56
Views: 4324

Re: Is it necessary to replace brake fluid on a car every 3 years?

I try to do it every 3-4 years. Our older Volvos have it in the maintenance schedule for every 3 years or 30k miles if my memory is good. Our new Toyota is something like that also. In addition to safety concerns, I do it for protection of the system. Modern anti-lock systems have some expensive com...
by IowaFarmBoy
Wed Apr 11, 2018 5:20 am
Forum: Personal Consumer Issues
Topic: Should I prewire my home network myself?
Replies: 40
Views: 2441

Re: Should I prewire my home network myself?

If I were doing this, I would probably run ENT (electrical non-metallic tubing) to each location with the other end at a common spot, like in the basement or a utility closet. You can then pull whatever kind of cable you want through the tubing and replace it later if something new becomes the best ...
by IowaFarmBoy
Fri Apr 06, 2018 5:37 am
Forum: Personal Consumer Issues
Topic: What is the rationale for coinsurance?
Replies: 10
Views: 1155

Re: What is the rationale for coinsurance?

I think the key is that one of your premises is wrong- as several others have pointed out, it is not the "same risk". On the surface, it may look like the same risk since the insurance company is only on the hook for the policy limit (of say $50k). But the likelihood of paying that $50k will vary. I...
by IowaFarmBoy
Sat Mar 24, 2018 5:57 am
Forum: Personal Consumer Issues
Topic: What would you do with this car?
Replies: 37
Views: 2944

Re: What would you do with this car?

denovo wrote:
Sat Mar 24, 2018 4:38 am
How much did you sell it for?
And how did you sell it? Hope it was on craigslist! :?
by IowaFarmBoy
Tue Mar 20, 2018 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 31730

Re: Those with high savings rate: why?

Not sure what the future holds and there are significant risks out there at a time when we are vulnerable (no longer able to earn). Risks like inflation, medical costs, vulnerability of markets, pensions and social security. Most probably won't happen and we will end up being way over saved but we w...
by IowaFarmBoy
Tue Mar 20, 2018 5:15 am
Forum: Personal Consumer Issues
Topic: Amazon Prime Going Sideways/Weird Shipment Problems
Replies: 66
Views: 5676

Re: Amazon Prime Going Sideways/Weird Shipment Problems

I ordered two items on Sunday and selected two day shipping for Tuesday arrival on both. One shipped Sunday night and is on track to be here on Tuesday. The other didn't ship that night and during the day on Monday was projecting a Wed delivery. By the time it actually shipped, the delivery date had...
by IowaFarmBoy
Fri Mar 16, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: [Minimizing costs of a medical procedure (Colonoscopy)]
Replies: 87
Views: 7285

Re: [Minimizing costs of a medical procedure (Colonoscopy)]

I've had seven colonoscopies if I am counting correctly. I had my first at 37 due to family history. In that one, they found three polyps, none of which were cancerous. Since then- I'm almost 60 now, they found one anal polyp on my next last procedure. I went without sedation for the first 6. Genera...
by IowaFarmBoy
Thu Mar 15, 2018 6:20 am
Forum: Personal Finance (Not Investing)
Topic: Is anyone using a bill paying service?
Replies: 16
Views: 1612

Re: Is anyone using a bill paying service?

I have most bills (student loans, phone bill, electricity, credit card) set up to automatically charge my credit card each month or take the money from my checking account each month for vendors like the student loan company that don't take credit cards. My credit cards are on autopay. There isn't ...
by IowaFarmBoy
Wed Mar 14, 2018 5:27 am
Forum: Personal Finance (Not Investing)
Topic: Selling business (website) considerations
Replies: 27
Views: 2354

Re: Selling business (website) considerations

If the expenses have been written off over the years, either as operating expenses or depreciation, I don't think they will count toward your basis for the purpose of capital gains.
by IowaFarmBoy
Wed Mar 14, 2018 5:04 am
Forum: Personal Finance (Not Investing)
Topic: Insurance Comparison Quotes?
Replies: 6
Views: 712

Re: Insurance Comparison Quotes?

I would definitely send the two autos and the home as a bundle and maybe include the business liability. Many companies offer significant multi-line and multi-car discounts so you would want to see what they can do. The business liability is probably not so likely to be discounted. I don't see any d...
by IowaFarmBoy
Wed Mar 14, 2018 4:56 am
Forum: Investing - Help with Personal Investments
Topic: "Renting" my house to a friend for 2 years while away for work - Questions on Tax Implications
Replies: 14
Views: 1472

Re: "Renting" my house to a friend for 2 years while away for work - Questions on Tax Implications

In regard to the depreciation, do realize that if you later sell the house for a gain over the depreciated basis, the depreciation has to be recaptured. I believe this recapture is taxed at ordinary rates, not the capital gain rates so you are trading a deduction now for higher income at some point ...
by IowaFarmBoy
Sun Mar 11, 2018 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Genworth Long Term Care
Replies: 23
Views: 3188

Re: Genworth Long Term Care

Well, we finally got our long expected premium increase notice from Genworth. I thought I would share to help build the group knowledge. As I mentioned in a previous post, when we purchased I really worked to make this insurance against catastrophic costs- I went with the longest elimination I could...
by IowaFarmBoy
Sun Feb 18, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Home Insurance Claim by Previous Owners
Replies: 8
Views: 1160

Re: Home Insurance Claim by Previous Owners

IMHO, I think this is going to be an uphill battle and may raise additional issues. If I were the seller, I would not look favorably on the new buyer coming back after buying the house looking for additional repairs, even at the expense of the insurance company. Unless the college was really small a...
by IowaFarmBoy
Sat Feb 17, 2018 6:39 am
Forum: Personal Consumer Issues
Topic: Best plants to grow to save money for food costs
Replies: 93
Views: 5535

Re: Best plants to grow to save money for food costs

Maybe bell peppers. They usually aren't cheap and are easy to grow. At least here in the midwest.
by IowaFarmBoy
Thu Feb 08, 2018 10:01 am
Forum: Personal Consumer Issues
Topic: What time do you go to work?
Replies: 72
Views: 5740

Re: What time do you go to work?

I think there could be a large geographic component to the answer. I'm in the Midwest and I think 7:30 is most common at my megacorp although there is flexibility. Generally, I think almost everyone in town starts by 8. Our kids in NYC don't start till 9 or later but they stay later. Eastern time zo...
by IowaFarmBoy
Tue Jan 30, 2018 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Tax help - DAF contribution
Replies: 31
Views: 2403

Re: Tax help - DAF contribution

As long as they were long-term (held for a year), they should be deductible. That answer from Vanguard sounds wrong. Did you talk to a general rep or a rep from the DAF area? As far as TurboTax, I've noticed that it (along with other tax software) will occasionally ask for information that is not ac...
by IowaFarmBoy
Fri Jan 26, 2018 5:43 am
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 25251

Re: 401k millionaires

One thing worth mentioning (IMHO) is that this article refers to people with a million or more in one single Fidelity 401k. I think most Bogleheads have money spread over several accounts- one or more 401ks, IRAs , taxable accounts, etc. So there are probably a lot more millionaires than a study lik...
by IowaFarmBoy
Fri Jan 19, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Have you or anyone you know actually used umbrella coverage?
Replies: 34
Views: 3676

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

I started a thread giving an example of this a year or so ago. This a situation that actually happened in rural Illinois in our community. Not me personally or anyone I know but this really happened. Here are a couple of excerpts from my original post. The link has all the details. Here's the story-...
by IowaFarmBoy
Sun Jan 14, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Uber experience as worker?
Replies: 16
Views: 1805

Re: Uber experience as worker?

Lyft and Uber cover you for both collision and liability. This is somewhat true. Take a very careful look at what Uber does and does not cover. It varies based on whether you only have the app on, are on your way to pick up a passenger or are carrying a passenger. For example, while the app is on b...
by IowaFarmBoy
Sun Jan 14, 2018 7:25 am
Forum: Personal Consumer Issues
Topic: wireless dead again - router suggestions?
Replies: 35
Views: 2069

Re: wireless dead again - router suggestions?

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

I did just convert to a Google Wifi mesh system. It is very nice.
by IowaFarmBoy
Thu Jan 11, 2018 6:31 am
Forum: Personal Consumer Issues
Topic: Trying to downsize but still too much stuff
Replies: 59
Views: 6154

Re: Trying to downsize but still too much stuff

Maybe scan the personal papers and store electronically?

I agree that 18 boxes is admirable.
by IowaFarmBoy
Wed Jan 10, 2018 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Did I need a lawyer after an accident?
Replies: 29
Views: 2822

Re: Did I need a lawyer after an accident?

Any idea what kind of liability limits the other driver was carrying? If a habitual DUI, it was probably state minimum which can be as low as 15-25K so the insurance company may be waiting to be sure all the bills come in before releasing the money. I don't know how they would prioritize the bills b...
by IowaFarmBoy
Wed Jan 10, 2018 6:01 am
Forum: Personal Consumer Issues
Topic: Help choosing a hatchback- civic, golf, prius and Volvo V60
Replies: 40
Views: 2552

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

Maybe take a look at the Prius v (the wagon version). More space than the regular Prius and still over 40 mpg. It's close to the size of a RAV 4. We've got one and have really liked it.
by IowaFarmBoy
Sat Jan 06, 2018 8:57 pm
Forum: Investing - Theory, News & General
Topic: Order of spending down accounts- assumed inheritance
Replies: 7
Views: 826

Re: Order of spending down accounts- assumed inheritance

I think your strategy generally makes sense but it does depend on the tax brackets that you and your heirs are in. Our kids currenlty are and likely will be in higher tax brackets than us so it makes sense for us to draw down the traditional IRA/401ks at our lower rates. RMDs will require withdrawal...
by IowaFarmBoy
Fri Jan 05, 2018 7:15 am
Forum: Investing - Theory, News & General
Topic: Hypothetical question: Will a man who lives forever own the world?
Replies: 23
Views: 1847

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

I can think of three comments and two scenarios. It seems to me that this could be close to true if the value of the world is fixed and doesn't grow. If the value of the world is fixed, it seems like mathematically he would approach owning all but never reach it. For example, if I have you half of s...
by IowaFarmBoy
Mon Jan 01, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Who should we appoint as executor?
Replies: 33
Views: 3019

Re: Who should we appoint as executor?

Co-executor may not work as is generally expected. I'm sure this could vary by state so talk to your attorney. My mother-in-law named her two children (my wife and her brother) as co-executors of her estate. We were suprised to learn that in Iowa in 2014 (according to her attorney), they were each e...
by IowaFarmBoy
Sun Dec 31, 2017 7:49 am
Forum: Personal Consumer Issues
Topic: Want adequate filter to discharge clothes drier indoors
Replies: 24
Views: 2553

Re: Want adequate filter to discharge clothes drier indoors

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

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

Mr Obvious will sign off now.
by IowaFarmBoy
Mon Dec 25, 2017 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: EU Passport For Cheap College and Other Benefits
Replies: 52
Views: 3886

Re: EU Passport For Cheap College and Other Benefits

Are they fluent in the language the EU colleges would be using?
by IowaFarmBoy
Sat Dec 16, 2017 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 26348

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

OK, I am confused. The first link says you can't prepay this year and deduct against your 2018 taxes. But if I pre-pay this year, I would deduct on my 2017 taxes. I wonder if the writer was considering taxes for 2017 filed in 2018 as "2018 taxes". The second link doesn't mention 2018 specifically.
by IowaFarmBoy
Sat Dec 09, 2017 8:59 am
Forum: Investing - Theory, News & General
Topic: Just not getting it [Stock Picking versus TSM]
Replies: 98
Views: 15198

Re: Just not getting it

The thing I keep asking myself when I have thoughts like yours is "how can I be smarter than all those professionals who devote all their time to this?" Active managers generally are smart, well-educated, experienced, have access to more data and company management than I do and this is their full-t...
by IowaFarmBoy
Fri Dec 08, 2017 10:16 am
Forum: Forum Issues and Administration
Topic: Thank you Admins
Replies: 28
Views: 3041

Re: Thank you Admins

+1 or maybe that should be + infinity....
by IowaFarmBoy
Wed Dec 06, 2017 6:14 am
Forum: Personal Consumer Issues
Topic: New Chromebook user, loving it, quick question
Replies: 14
Views: 1747

Re: New Chromebook user, loving it, quick question

I use Evernote for notes, to do lists, keeping lists of addresses, etc. It's not on the hard drive, though, but I view that as an advantage since I can access it from my phone, desktop and Chromebook.
by IowaFarmBoy
Mon Nov 20, 2017 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Issue with spousal contribution to Backdoor Roth IRA after just getting married
Replies: 3
Views: 441

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

I'm confused by your statements about her contributing to a Roth IRA with a former employer. Are you sure that wasn't a 401k, possibly a Roth 401k? Accounts from employers are generally 401k's (or possibily 403b's). IRA's are independent of your employer.
by IowaFarmBoy
Sun Nov 12, 2017 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 2421

Re: Donor Advised funds

You may want to take tax brackets into consideration, too. For example, if you are $5000 into a higher tax bracket and you want to contribute a total of $50k over the ten years, if you do it all in year one, $5k will offset the higher bracket but $45 will reduce income in the lower bracket. If you d...
by IowaFarmBoy
Tue Nov 07, 2017 6:06 am
Forum: Investing - Theory, News & General
Topic: Who owns Vanguard? Schwab and Fidelity!
Replies: 27
Views: 4308

Re: Who owns Vanguard? Schwab and Fidelity!

We hold some Vanguard ETFs at Fidelity and voted the proxies in the recent vote that Vanguard held.
by IowaFarmBoy
Thu Nov 02, 2017 4:57 am
Forum: Personal Finance (Not Investing)
Topic: Uninsured motorist coverage on umbrella
Replies: 15
Views: 1438

Re: Uninsured motorist coverage on umbrella

Doesnt your health insurance pay your medical bills in all scenarios? How do you convince your insurer to pay you 2MM if you are injured by an underinsured driver? Uninsured motorist is not just medical coverage- in addition to medical expenses, it will cover things like lost wages, pain and suffer...
by IowaFarmBoy
Wed Nov 01, 2017 6:07 am
Forum: Personal Consumer Issues
Topic: Insurance Rates, Home and Car
Replies: 7
Views: 804

Re: Insurance Rates, Home and Car

I've heard the average repair cost of a claim has gone up due to things like the number of airbags now installed in most cars and also because of the extra technology that is installed in at risk areas- think of things like backup cameras, sensors for adaptive cruise systems, lane change blind spot ...
by IowaFarmBoy
Mon Oct 30, 2017 4:55 pm
Forum: Personal Consumer Issues
Topic: Reason to have a Will?
Replies: 24
Views: 2545

Re: Reason to have a Will?

Is Vanguard one of these custodians? I looked once to check if I could add a beneficiary, but I might have missed it. It's not technically called a "beneficiary" on a taxable account. "Beneficiary" is commonly used on retirement accounts and life insurance. On a taxable account, it normally called ...