Search found 566 matches

by IowaFarmBoy
Mon Oct 15, 2018 5:39 am
Forum: Personal Consumer Issues
Topic: Not convinced with insurance
Replies: 45
Views: 3528

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: 1041

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: 3132

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: 4230

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: 1019

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: 818

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: 440
Views: 49301

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: 826

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: 2009

Re: CD strategy

Are you planning on buying directly from the bank or buying brokered CDs through Vanguard, Fidelity, etc? You can probably find promotional rates at individual banks (at least occasionally) that are better than the brokered rates but this will require quite a bit more effort because of moving your m...
by IowaFarmBoy
Mon Oct 01, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance without Homeowner's/Rental Insurance
Replies: 7
Views: 645

Re: Umbrella Insurance without Homeowner's/Rental Insurance

A couple of thoughts: 1) Could you get a renter's policy from the perspective that you are renting from your parents and still want your property covered and want the liability coverage? Renter's policies are usually cheap- seems like our kids were less than $100/yr. 2) If your main concern is liabi...
by IowaFarmBoy
Mon Sep 24, 2018 4:50 am
Forum: Personal Consumer Issues
Topic: Minimalist Lifestyle
Replies: 80
Views: 8677

Re: Minimalist Lifestyle

DW and I like to garage sale. It always amazes me how much stuff some people have to sell. And it is all stuff that they good money for and now are willing to unload for ten cents on the dollar. My favorite was the family that was selling around 50 sweatshirts with various college logos. Those thing...
by IowaFarmBoy
Sun Sep 23, 2018 4:45 pm
Forum: Personal Consumer Issues
Topic: squeaky lock and hard to turn key
Replies: 18
Views: 1033

Re: squeaky lock and hard to turn key

Sounds like you may have it resolved but in case not, I want to throw one other idea out there. The suggestions above focus on the internals of the lock which is probably most likely. Another possibility is that the deadbolt is now binding on the strike plate on the jamb- basically maybe something i...
by IowaFarmBoy
Fri Sep 21, 2018 8:30 am
Forum: Investing - Theory, News & General
Topic: Simple-minded sayings?
Replies: 37
Views: 3065

Re: Simple-minded sayings?

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

"You're ether renting your money (mortgage) or your house."
by IowaFarmBoy
Thu Sep 20, 2018 4:44 am
Forum: Personal Consumer Issues
Topic: When did you decide to move from your home to senior living?
Replies: 15
Views: 3073

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

More observations from watching the parents.... One conclusion we have drawn is that if we need to move into an assisted living facility as a couple, we would really like to find one that is continuous care so that the one who is not in the nursing home can easily visit the other. My FIL went into a...
by IowaFarmBoy
Wed Sep 19, 2018 5:09 am
Forum: Investing - Help with Personal Investments
Topic: What can go wrong in shorting Tilray, and can EU investors short it (and how?)
Replies: 29
Views: 1310

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

The biggest risk is that it can keep going up. There is no limit to your potential losses if the stock keeps going up. I've never shorted a stock but I believe that if it does go up, you can't just wait it out, you will need to cover the losses in the meantime (Valuethinker has covered this well). H...
by IowaFarmBoy
Sun Sep 16, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: I see now why Rollovers can take FOREVER ....
Replies: 74
Views: 7895

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

I had an incredibly similar situation. I filled in at a community college for someone who was out on sick leave back in about 1990. I think I built up $36 in the retirement account for my six weeks. The good and the bad is that the account was with Met Life. Bad because it was required to be in some...
by IowaFarmBoy
Sun Sep 16, 2018 5:41 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9383

Re: Delaying Social Security Until 70

I used to be firmly in the wait till 70 camp but I learned that I was making an incorrect assumption that is making me look seriously at drawing at FRA of 66-8. I am married and my spouse will be drawing based on half my benefit rather than hers. I had incorrectly assumed that she would get half of ...
by IowaFarmBoy
Tue Sep 11, 2018 6:48 pm
Forum: Personal Consumer Issues
Topic: How often do you guys get alignment done on your cars?
Replies: 60
Views: 4007

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

+1 to those saying:
  • When I have suspension/front end work done.
  • When I have uneven wear.
  • When the car is pulling.
by IowaFarmBoy
Mon Sep 10, 2018 6:18 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with 87K left on it
Replies: 69
Views: 6307

Re: Paying off mortgage with 87K left on it

Watty -- indeed there's about 4-1/2 years left on the mortgage (due to some previous lump sum principal paydowns). Main thing I've wondered is whether it's really a 3.75% return at this point. Mortgages are front-loaded with interest --- even though the rate across the entire 15-year note is 3.75%,...
by IowaFarmBoy
Sun Sep 02, 2018 8:08 am
Forum: Personal Consumer Issues
Topic: Any taxes on Xfinity Mobile By the Gig data?
Replies: 13
Views: 857

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

And totally depends on data usage. If you are a 1-2 gig user, it is a great deal. If you are higher, not so much. We're in the middle and kind of at the edge of it being a good deal or not.
by IowaFarmBoy
Sun Sep 02, 2018 6:45 am
Forum: Personal Consumer Issues
Topic: Any taxes on Xfinity Mobile By the Gig data?
Replies: 13
Views: 857

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

The $45 unlimited plan doesn't seem that cheap- I think you can match or beat it with a number of other carriers, some of them even the full service ones. We currently are on a Total Wireless plan with two lines sharing 15 gig of data for a little over $32/line including all costs. I think our data ...
by IowaFarmBoy
Sat Sep 01, 2018 4:56 pm
Forum: Personal Consumer Issues
Topic: Any taxes on Xfinity Mobile By the Gig data?
Replies: 13
Views: 857

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

That is an amazing deal if your data usage is low. I was just looking at our old bills and it looks like we are consistently using 3-6 gigs over our 2 lines so we are kind of on the edge for Xfinity saving us much. We just use too much data traveling. We are currently with Total Wireless and we pay ...
by IowaFarmBoy
Sat Sep 01, 2018 4:42 pm
Forum: Personal Consumer Issues
Topic: Any taxes on Xfinity Mobile By the Gig data?
Replies: 13
Views: 857

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

Thanks! I just wanted to make sure it wouldn't be significantly more than $12.
by IowaFarmBoy
Sat Sep 01, 2018 4:13 pm
Forum: Personal Consumer Issues
Topic: Any taxes on Xfinity Mobile By the Gig data?
Replies: 13
Views: 857

Any taxes on Xfinity Mobile By the Gig data?

For Xfinity Mobile's By the Gig plan- do they charge taxes on the $12/gig for data so that the price is actually higher or is $12/gig an all-in cost for the data? (I realize they charge taxes and fees on the basic service which seem to run $2-3 per line.) I tried chatting with Xfinity but still didn...
by IowaFarmBoy
Sat Sep 01, 2018 5:57 am
Forum: Personal Finance (Not Investing)
Topic: House Affordability - Question on standard advice
Replies: 35
Views: 3216

Re: House Affordability - Question on standard advice

I'm not sure I can explain this clearly but I'll give it a try.... For years I've heard numbers like 2.5-3 times income should be the cap on purchase price, at least here in the midwest. As I've watched our kids move off to HCOL areas, that ratio doesn't work very well. One thought I have had is tha...
by IowaFarmBoy
Fri Aug 31, 2018 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Paid off Mortgage
Replies: 6
Views: 903

Re: Paid off Mortgage

Adding a little to what Watty and runner said: Generally, your homeowners policy will list the lender as a lien holder. The lender requires this to ensure that they are paid if there is a loss. For major losses, the insurance company will write the check as payable to both the homeowner and the lend...
by IowaFarmBoy
Sat Aug 25, 2018 6:28 am
Forum: Personal Consumer Issues
Topic: Circuit breaker stays tripped
Replies: 29
Views: 2754

Re: Circuit breaker stays tripped

Very surprised you had a light and outlets on the same circuit. I worked as an electrician back in the late 80's and the convention then (under 1985 NEC) was to put lights and plugs on the same circuit for an "area"- like a living room or a couple of bedrooms, etc. This was before arc fault breaker...
by IowaFarmBoy
Sat Aug 25, 2018 6:18 am
Forum: Investing - Help with Personal Investments
Topic: Strike One, Strike 2, and Now What? Please Help!
Replies: 67
Views: 6784

Re: How Aggressive is Aggressive: Allocation Question

To add to what mortfree said, many people end up retiring earlier than planned due to health reasons or the loss of a job and the subsequent difficulty in finding a replacement job in their 50s or 60s so you might factor that into your assessment. You may not want to be making withdrawals from an 80...
by IowaFarmBoy
Tue Aug 21, 2018 5:45 am
Forum: Investing - Help with Personal Investments
Topic: What to do with a pile of cash?
Replies: 16
Views: 2102

Re: What to do with a pile of cash?

You've got a guaranteed 4.125% return if you apply it to the mortgage. That is very tempting. My only concern is that you will take a liquidity hit. Is the emergency fund in addition to your cash? With the PTO, you are basically saying you have about 8 months of expenses available if you have a job ...
by IowaFarmBoy
Mon Aug 20, 2018 5:26 am
Forum: Investing - Help with Personal Investments
Topic: Expanding portfolio, real estate vs REITs, vs crowdfunding
Replies: 19
Views: 1252

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

Do you have access to the TIAA Real Estate fund (since you have Traditional)? It is a solid way to invest in real estate. They have direct ownership of property versus owning an index of individual REITs.
by IowaFarmBoy
Sun Aug 19, 2018 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Homeowners Insurance
Replies: 3
Views: 455

Re: Question on Homeowners Insurance

Our daughter in Wisconsin had a similar situation. The most common situation is for the HOA to cover the structure and the owner to be responsible from the "sheetrock in". This sounds like what Progressive is offering. Her HOA purchased more extensive coverage as it sounds like yours is doing- cover...
by IowaFarmBoy
Sat Aug 18, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 90
Views: 8813

Re: Edward Jones rep door knocking

andypanda wrote:
Sat Aug 18, 2018 11:31 am
I have had a lighted doorbell next to my front door for 26 years. It isn't hooked to a buzzer, bell or ringer. My friends know to knock. My close friends come straight to the kitchen door.
This is brilliant! What do you do to avoid robocallers?
by IowaFarmBoy
Sat Aug 18, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: Total Wireless v. Cricket Wireless
Replies: 13
Views: 1048

Re: Total Wireless v. Cricket Wireless

We're on Total Wireless and are pretty happy. No personal experience with Cricket but co-workers that have it are happy, especially with 4 lines. On TW, with the auto-refill discount, we are spending $64.xx for two lines. This is everything, including the fees. If I buy cards at Wal-Mart, we pay sal...
by IowaFarmBoy
Mon Aug 13, 2018 10:35 am
Forum: Personal Consumer Issues
Topic: Uninsured Motorist coverage
Replies: 30
Views: 1926

Re: Uninsured Motorist coverage

Uninsured can can cover bodily injury, property damage or both, depending on what you have purchased. If you have uninsured property damage coverage, it will cover property damage caused by an uninsured motorist regardless of whether you carry collision coverage.
by IowaFarmBoy
Sat Aug 11, 2018 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Insuring for sewer damage in a slab home
Replies: 14
Views: 1250

Re: Insuring for sewer damage in a slab home

If you have a home with a plumbing fixture in the basement, it is lower than all other fixtures on higher floors in your house and generally will be lower than most of the fixtures in your neighbors' houses. So if there is a clog in the line between your house and the street or in the city sewer mai...
by IowaFarmBoy
Thu Aug 09, 2018 7:55 pm
Forum: Personal Consumer Issues
Topic: Uninsured Motorist coverage
Replies: 30
Views: 1926

Re: Uninsured Motorist coverage

JBTX and Smackboy have done a good job of explaining how auto insurance works. Also be aware that coverages can vary greatly from state to state. Some states offer PIP, some offer med, some offer both, etc. Also, in a few states, a liability umbrella can include uninsured motorist coverage but that ...
by IowaFarmBoy
Thu Aug 02, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Co - signed a Mortage, Now wants out
Replies: 57
Views: 6232

Re: Co - signed a Mortage, Now wants out

Twenty years ago, (in Illinois if that matters) you could get a mortgage at reasonable terms two years after the bankruptcy was finalized if you had 20% down. So a refi could be possible but rates today are probably higher. They'd need to talk to the local lenders.
by IowaFarmBoy
Mon Jul 30, 2018 5:35 pm
Forum: Personal Consumer Issues
Topic: ACT test - got 34, try for 36?
Replies: 61
Views: 5570

Re: ACT test - got 34, try for 36?

As many have said, it may not matter that much but it could make a little difference in scholarship funding, etc. I think a lot depends on your kid and what they think they can do. If the goal is to see how high he or she can score for bragging rights, they probably want to go for it. If it is simpl...
by IowaFarmBoy
Mon Jul 30, 2018 5:57 am
Forum: Personal Consumer Issues
Topic: Kitchen sink (faucet)
Replies: 10
Views: 958

Re: Kitchen sink (faucet)

Disclaimer: I've never tried this. With that disclaimer, most of the aerators I look at have a disk with a hole in the center which reduces the water flow. I assume this design also makes the pretty "waterfall" aerated effect that comes out of most faucets. I think you could try removing that disk o...
by IowaFarmBoy
Fri Jul 27, 2018 5:20 am
Forum: Personal Finance (Not Investing)
Topic: Needed appraisal of farm land?
Replies: 18
Views: 1177

Re: Needed appraisal of farm land?

Why a waste of money at this point? I may sell it at some point. Yes, that not for sure. I could die first or give it away. Do you think appraisals will be cheaper some day? What it's worth now and what it's worth when you go to sell it years from now could be two very different numbers. Why would ...
by IowaFarmBoy
Thu Jul 26, 2018 6:21 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 10071

Re: Toughest Purchase of my Life. Engagement Ring time

If it makes her happy, it is not a "complete waste of money." Just make sure it is what she wants and that you can afford it. DW was happy getting her grandmother's stone put into a new setting for $260 (including wedding band) back in 1979. She probably wouldn't have married me if I had spent more....
by IowaFarmBoy
Wed Jul 25, 2018 5:10 am
Forum: Investing - Help with Personal Investments
Topic: Investing with a Developer
Replies: 48
Views: 3764

Re: Investing with a Developer

Building spec houses is incredibly risky. I was a spec builder about 30 years ago in North Texas and things were going great until they weren't. Woke up one day (aftermath from the S&L crisis) and nothing was selling and what was selling had dropped 30% in price. I had 10 houses financed and ended u...
by IowaFarmBoy
Tue Jul 24, 2018 4:51 am
Forum: Personal Consumer Issues
Topic: [Options for installing a Radon mitigation system]
Replies: 11
Views: 968

Re: [Options for installing a Radon mitigation system]

I am thinking about DIYing this after looking at what's involved, but can't get my head around one aspect of it. How did you figure out where to punch the hole in the slab and how critical is the placement of said hole in relation to the rest of the slab/house? Does it need to be more central or ca...
by IowaFarmBoy
Sun Jul 22, 2018 8:32 pm
Forum: Personal Consumer Issues
Topic: [Options for installing a Radon mitigation system]
Replies: 11
Views: 968

Re: [Options for installing a Radon mitigation system]

So if I understand correctly, you will be pulling air/radon from 4' under the slab in the crawlspace? I think it is going to depend a lot on what your soil is like. I think the reason most sub slab depressurizaton (SSD) works is because there is commonly a layer of gravel or sand right below the bas...
by IowaFarmBoy
Fri Jul 20, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Is my umbrella policy over priced?
Replies: 20
Views: 1736

Re: Is my umbrella policy over priced?

inverter wrote:
Fri Jul 20, 2018 10:44 am
It's your 21 year old.
+1

When our daughter turned 16, our $1M policy went from about $170 to around $700.
by IowaFarmBoy
Fri Jul 20, 2018 11:31 am
Forum: Personal Consumer Issues
Topic: State Farm - safe driving discount ??
Replies: 21
Views: 958

Re: State Farm - safe driving discount ??

I would do this because of the low miles that you are driving. We have done this and have seen a pretty good discount on our 3000 miles per year car. Not so much on our 16k per year car. Once you get the app configured, you really don't have to do anything other than report the odometer reading twic...
by IowaFarmBoy
Fri Jul 20, 2018 5:05 am
Forum: Investing - Help with Personal Investments
Topic: $800,000 Windfall. Love the 3-Fund portfolio approach. Wealth Managers in contact
Replies: 33
Views: 4339

Re: $800,000 Windfall. Love the 3-Fund portfolio approach. Wealth Managers in contact

First, congrats on your success and welcome to Bogleheads! From reading your post, it seems like the major attraction of a manager for you is that you think they may be able to do something to protect you against a downturn. One of my favorite quotes on Bogleheads is "nobody knows nothing". I think ...
by IowaFarmBoy
Fri Jul 13, 2018 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Logging out 20 acre lot?
Replies: 37
Views: 2652

Re: Logging out 20 acre lot?

You should also look into whether the bank has a security interest in the timber, i.e., whether they will have first lien on the proceeds from selling the timber. You may need to turn the proceeds over to them. ( I did a quick google about this idea and it looks like this is commonly included in are...
by IowaFarmBoy
Wed Jul 11, 2018 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Dad asked for my help on pension decision that I do not understand
Replies: 43
Views: 3572

Re: Dad asked for my help on pension decision that I do not understand

Immediate Annuity Payment- -Elect to start monthly benefit payments effective September 2018 --Single Life Annuity - $331.32 month --50% Joint and Survivor Annuity - $296.93 month + $148.47 month to your survivor after death for rest of their life --75% Joint and Survivor Annuity - $282.27 month + ...