Search found 493 matches

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: 12
Views: 881

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: 1982

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: 3857

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: 2274

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: 1058

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: 2750

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: 187
Views: 18712

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: 5434

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: 6902

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: 1524

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: 2229

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: 650

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: 1402

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: 3085

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: 1099

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: 5269

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: 5429

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: 2160

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: 24062

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: 3488

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: 1707

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: 1863

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: 5985

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: 2724

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: 2350

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: 770

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: 1706

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: 2889

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: 2477

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: 3723

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: 25364

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: 14829

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: 2919

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: 1647

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: 400

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: 2292

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: 4062

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: 1353

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: 747

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: 2433

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 ...
by IowaFarmBoy
Sun Oct 29, 2017 5:26 am
Forum: Investing - Help with Personal Investments
Topic: Worth Exchanging a Mutual Fund?
Replies: 5
Views: 705

Re: Worth Exchanging a Mutual Fund?

Given your ages, I would be inclined to bite the bullet, sell it and pay the taxes. Given that you work for nonprofits and have two kids, you are probably in either the 15 or 25% tax brackets so your tax rate on a long term gain is going to be 15% or 0%. Another idea, if you make charitable donation...
by IowaFarmBoy
Sat Oct 28, 2017 11:37 am
Forum: Personal Consumer Issues
Topic: Is it difficult to switch from an iPhone to an Android?
Replies: 99
Views: 8583

Re: Is it difficult to switch from an iPhone to an Android?

I switched from a Galaxy S7 to an iPhone 7 because the hearing aids I chose worked better with an iPhone. This is my first iPhone after 3-4 different models of the Samsung Galaxies. I still prefer the Galaxy phone- I really miss the back button and it just seems to run a little faster. There are thi...
by IowaFarmBoy
Fri Oct 27, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Index investing is boring
Replies: 63
Views: 6226

Re: Index investing is boring

Some excitement remains in rebalancing, strategies to minimize tax, withdrawal plans and so forth.....
by IowaFarmBoy
Fri Oct 27, 2017 6:40 am
Forum: Investing - Help with Personal Investments
Topic: How Well Do You Know About Retirement Income?
Replies: 40
Views: 5077

Re: How Well Do You Know About Retirement Income?

37/38 thanks to reading Bogleheads! I missed the variable annuity question. That's something you have taught me it is not necessary to learn about.
by IowaFarmBoy
Wed Oct 18, 2017 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Minimal insurance policy for manufactured home
Replies: 4
Views: 404

Re: Minimal insurance policy for manufactured home

I'm not sure I understand the situation. By "manufactured home" I assume are you describing a trailer or a prefab house of some type? What does "rebuilding" mean for the type of home they have? Why the limitation to $15k of coverage? Is that the fair market value of the manufactured home so that the...
by IowaFarmBoy
Tue Oct 17, 2017 7:04 pm
Forum: Personal Consumer Issues
Topic: Calculating max electrical load of your home
Replies: 34
Views: 2668

Re: Calculating max electrical load of your home

I'm a former electrician and most homes continuously use nowhere close to the rated capacity of their service. As someone pointed out, because of startup currents for motors in things like your refrigerator and ac unit, you need the extra capacity. We put in 200 amp services by default 25 years ago....
by IowaFarmBoy
Sun Oct 15, 2017 5:54 am
Forum: Investing - Theory, News & General
Topic: Which would you rather own: AAPL or S&P 600 Small Cap Index?
Replies: 57
Views: 4225

Re: Which would you rather own: AAPL or S&P 600 Small Cap Index?

How would you determine the "bottom" stocks? Do you mean the smallest or the ones that are somehow judged to be the most likely to perform poorly? If the market is efficient, you can't determine the underperformers in advance since they should all be fairly priced based on what we know at that time....
by IowaFarmBoy
Fri Oct 13, 2017 5:20 am
Forum: Personal Finance (Not Investing)
Topic: Tax Bracket in Retirement
Replies: 46
Views: 5970

Re: Tax Bracket in Retirement

Also consider that at some point, one of you likely be widowed and will be filing as a single person. The size of the brackets is much smaller when filing as single.
by IowaFarmBoy
Fri Oct 13, 2017 5:18 am
Forum: Personal Consumer Issues
Topic: A good value wine I found...
Replies: 22
Views: 2868

Re: A good value wine I found...

Looks like they make six different wines.

Actionable item: Which three would you recommend for a Boglehead three wine portfolio?
by IowaFarmBoy
Sat Oct 07, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: SS Benefit checks?
Replies: 13
Views: 1996

Re: SS Benefit checks?

As several had said, you don't qualify for benefits paid for the month of death and if a payment is issued, it must be repaid. We had this happen with my mother-in-law. She passed late in the month, we notified SS within a few days but they couldn't get her check stopped to they ended up debiting he...