Search found 340 matches

by dekecarver
Thu Jul 18, 2019 5:12 pm
Forum: Personal Investments
Topic: Recently inherited TIRA and Individual Account
Replies: 6
Views: 527

Re: Recently inherited TIRA and Individual Account

Thanks for the replies. I spoke with a Vanguard PAS rep and he advised me to inform BBTScottstringfellow rep to sale the funds in the tira and keep them parked in the tira as cash and to do the same with the brokerage account funds. Once that is completed, then I instruct BBT to transfer both accoun...
by dekecarver
Wed Jul 17, 2019 5:01 am
Forum: Personal Investments
Topic: Recently inherited TIRA and Individual Account
Replies: 6
Views: 527

Re: Recently inherited TIRA and Individual Account

In regards to purchase dates, while all sales would be considered long term, what about the front in loads if only purchased recently, e.g. 5.75% for the American Funds...?
by dekecarver
Tue Jul 16, 2019 8:38 pm
Forum: Personal Investments
Topic: Recently inherited TIRA and Individual Account
Replies: 6
Views: 527

Recently inherited TIRA and Individual Account

Recently my father passed away and I am starting to receive account distributions. All accounts are split 50/50 between my sister and me. So far I have received an Individual Brokerage Account and a TIRA. I'd appreciate any thoughts on holding or selling these funds taking into account loads and ERs...
by dekecarver
Sun Jul 14, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited ira
Replies: 21
Views: 1591

Re: Inherited ira

Question for the forum: my father recently passed away away as a Virginia resident and named my sister and i as beneficiaries of his tira I spoke with the firm today and was presented three options: 1) roll over beneficiary ira. 2) 5 year plan, draw account down by year 5, and 3) lump sum pay tax n...
by dekecarver
Sat Jul 13, 2019 2:56 am
Forum: Personal Finance (Not Investing)
Topic: Inherited ira
Replies: 21
Views: 1591

Re: Inherited ira

Thanks for all replies.
by dekecarver
Fri Jul 12, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited ira
Replies: 21
Views: 1591

Inherited ira

Question for the forum: my father recently passed away away as a Virginia resident and named my sister and i as beneficiaries of his tira I spoke with the firm today and was presented three options: 1) roll over beneficiary ira. 2) 5 year plan, draw account down by year 5, and 3) lump sum pay tax no...
by dekecarver
Thu Jul 04, 2019 3:39 pm
Forum: Personal Investments
Topic: Joint stock accounted intended for minor situation
Replies: 6
Views: 340

Re: Joint stock accounted intended for minor situation

Your father could have set this up to have what he told you he wanted to happen ACTUALLY happen. It wasn't and isn't difficult. If you feel strongly about the issue, approach him to discuss. Good luck, I hope your father actually delivers on his commitment. In life, when all is said and done, there...
by dekecarver
Thu Jul 04, 2019 11:01 am
Forum: Personal Investments
Topic: Joint stock accounted intended for minor situation
Replies: 6
Views: 340

Joint stock accounted intended for minor situation

Hello, We currently have a situation whereas my father has informed me that he set up a joint stock account with his wife with the intended purpose of this account to be given to my 13 year old son upon father's death however my son is not named the beneficiary and there is now reason to speculate t...
by dekecarver
Thu Jul 04, 2019 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Tax basis for consigned violin
Replies: 9
Views: 1134

Re: Tax basis for consigned violin

Is there a particular reason for consigning vs outright selling?
by dekecarver
Mon Jun 10, 2019 5:20 am
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 241
Views: 13578

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

Just remember with a rear wheeled high performance sports car, unless you know what you are doing, the arse end can be going forward in the blink of an eye and that isn't fun or good. Also, as I was talking with a Posche owner about my interest, Porsche 911s, he asked "is your marriage strong, becau...
by dekecarver
Thu May 30, 2019 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 180
Views: 16555

Re: Fun paid jobs after FIRE

student wrote:
Thu May 30, 2019 5:55 am
UKFred wrote:
Wed May 29, 2019 1:22 pm
I prefer the acronym FIRE = Financial Independence/Recreational Employment
Sounds good.
I agree. What difference does it make whether one works or not, for money or not, when they walk out the door as retired? Sometimes I think this 'FIRE' acronym is nothing more the snobbery rubbish.
by dekecarver
Wed May 29, 2019 4:50 pm
Forum: Personal Consumer Issues
Topic: Paying Kids For Good Grades -- do you do it?
Replies: 131
Views: 11166

Re: Paying Kids For Good Grades -- do you do it?

No money but a gift of acknowledgment. Our kid is finishing up 7th grade with advance classes. If he finishes the year with all A's he will receive a Shun Gentleman's personal steak knife as he is a self proclaimed steak lover and commented on the poor quality (edge) of a steak knife he recently us...
by dekecarver
Wed May 29, 2019 7:51 am
Forum: Personal Consumer Issues
Topic: Paying Kids For Good Grades -- do you do it?
Replies: 131
Views: 11166

Re: Paying Kids For Good Grades -- do you do it?

No money but a gift of acknowledgment. Our kid is finishing up 7th grade with advance classes. If he finishes the year with all A's he will receive a Shun Gentleman's personal steak knife as he is a self proclaimed steak lover and commented on the poor quality (edge) of a steak knife he recently use...
by dekecarver
Wed May 15, 2019 4:21 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6773

Re: Do you reward yourself for achieving a financial goal?

Same boat (no pun intended) here, made plans to acknowledge milestones (Porsche, trip, etc) and ended up investing the money. I do buy a $20-30 bottle of wine now instead of sticking with $8-10. :beer
by dekecarver
Fri May 10, 2019 5:25 am
Forum: Personal Consumer Issues
Topic: Good town to stop on I-81
Replies: 42
Views: 3331

Re: Good town to stop on I-81

I travel I81 and you have received good recommendations. The Stonewall Jackson in Staunton is really nice and conveniently located. Staunton has a really cool historic old town with shops, eateries and breweries as well as music. As far as driving I81, stay in the right side lane if you aren't cruis...
by dekecarver
Sat May 04, 2019 5:44 am
Forum: Personal Finance (Not Investing)
Topic: 20 countries where 200K in retirement savings will last you decades
Replies: 232
Views: 28515

Re: 20 countries where 200K in retirement savings will last you decades

I think people are underestimating how cheap some developed countries are outside the US and western Europe. Take Bulgaria for example, an EU country I've spent a few summers. A modern studio apartment with Internet and utilities included can run you $150 a month in nice ski towns. Compare that to ...
by dekecarver
Sun Apr 21, 2019 5:15 am
Forum: Personal Finance (Not Investing)
Topic: leaving state job / pension. ..... bad idea?
Replies: 44
Views: 3548

Re: leaving state job / pension. ..... bad idea?

Been there and I'm still here after running multiple scenarios, including work hours, travel time, etc..Gov't work can be a drag and it can also be rewarding just like the private sector but it does depend on your department and agency leadership/vision. I've found staying involved with a considerab...
by dekecarver
Sun Apr 14, 2019 10:56 am
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 7359

Re: If you have plenty of money, why not 100% stocks in retirement?

If you have ample resources that you can afford to weather downturns, why not keep your money 100% stocks in retirement? Stocks return better than bonds, so you would have better overall portfolio returns. You would have to be willing to sell stocks/funds during downturns to pay for your expenses. ...
by dekecarver
Sat Mar 23, 2019 7:52 am
Forum: Personal Consumer Issues
Topic: Waiting 1 month before buying anything about $25
Replies: 16
Views: 1974

Re: Waiting 1 month before buying anything about $25

Sometimes it takes me a month or two to decide if a $10 item is worth it and it would cheaper in time and mental fatigue for me to just buy it rather than spend the month or so on trying to figure out if I really need it, if there is a cheaper alternative, or if I can make it by re-purposing somethi...
by dekecarver
Wed Mar 20, 2019 5:02 am
Forum: Personal Investments
Topic: When to quit feeding the pig?
Replies: 54
Views: 7911

Re: When to quit feeding the pig?

SarahS wrote:
Mon Mar 18, 2019 11:04 pm
Never... fat pigs are the best! For eating and peace of mind.
True as long as it is not a one meal feast. :D
by dekecarver
Fri Mar 15, 2019 4:59 am
Forum: Personal Consumer Issues
Topic: lawn care cost
Replies: 70
Views: 5890

Re: lawn care cost

$40 is nothing today, a high school kid looking for work is priceless. Pay the kid for a good job.
by dekecarver
Mon Mar 04, 2019 5:45 pm
Forum: Personal Consumer Issues
Topic: Advice on Grand Pianos?
Replies: 57
Views: 3178

Re: Advice on Grand Pianos?

I was told many years ago, a piano is a piece of furniture, unless you play with a passion, keep that in mind.
by dekecarver
Thu Feb 28, 2019 6:05 am
Forum: Personal Finance (Not Investing)
Topic: Client From Hell Is Driving Me Insane!
Replies: 60
Views: 7958

Re: Client From Hell Is Driving Me Insane!

I actually see your client's point of view, and the fact of the matter is, you may never be able to meet his objective 100%.

Maybe his campaign should be nothing more than a white square with a bold colored dot off center.
by dekecarver
Thu Feb 21, 2019 4:38 pm
Forum: Personal Consumer Issues
Topic: Tip amount for daily newspaper delivery
Replies: 40
Views: 5695

Re: Tip amount for daily newspaper delivery

I delivered the morning paper to 165 customers, ~5 mile loop, on porch by 0630, as a teenager (walking/bike) for 4 years. I didn't expect tips but around Christmas time I was greeted with kind smiles and some exceptional Morgans.
by dekecarver
Thu Feb 21, 2019 4:22 pm
Forum: Personal Consumer Issues
Topic: Do you tip the guys at Home Depot?
Replies: 80
Views: 5145

Re: Do you tip the guys at Home Depot?

With all due respect to the OP; are you kidding?

Does anybody tip the crossing guard at their kid/s school?
by dekecarver
Thu Feb 21, 2019 4:17 pm
Forum: Personal Consumer Issues
Topic: Why do many overlanders drive old model vehicles?
Replies: 32
Views: 4158

Re: Why do many overlanders drive old model vehicles?

The bottom line is that the older LCs for example were built for such excursions from the drive train through the overall build for reliability; in other words those vehicles are tough. Another one is the Toyota Hilux.
by dekecarver
Mon Feb 11, 2019 7:28 pm
Forum: Personal Consumer Issues
Topic: Diamonds are forever.
Replies: 94
Views: 10917

Re: Diamonds are forever.

delete
by dekecarver
Mon Feb 11, 2019 5:58 am
Forum: Personal Consumer Issues
Topic: Electrician broke ceiling heat and won't fix it
Replies: 16
Views: 3358

Re: Electrician broke ceiling heat and won't fix it

Do you want a Cadet heater? I assume since it's embedded, the ceiling is actually plaster and will be an adventure to patch, and they don't want to own up to that. If you've ruled out the possibility that he clipped a wire in the wall, I would start by asking a third-party heating company that know...
by dekecarver
Mon Feb 11, 2019 5:55 am
Forum: Personal Consumer Issues
Topic: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)
Replies: 75
Views: 8553

Re: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)

We have had new car dealerships in our family for three generations. Most of the time I buy at cost from my brother, although I bought my last new car through a relationship my employer had with the auto manufacturer, and I paid the same price as the manufacturer's employees pay. I recommend both a...
by dekecarver
Sun Feb 10, 2019 10:15 am
Forum: Personal Consumer Issues
Topic: Diamonds are forever.
Replies: 94
Views: 10917

Re: Diamonds are forever.

Just ask your wife how much she wants to show and go get it; just remember what you buy is marked up about 4 times give or take so you are already taking a bath but its about what makes her happy. Moisannite can be a very good alternative.
by dekecarver
Sun Feb 10, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Newlyweds and joint accounts for household expenses
Replies: 120
Views: 5955

Re: Newlyweds and joint accounts for household expenses

Joint account for all household expenses including trips etc... where each puts in agreed upon percentage of take home pay has worked for us. After all what difference does it make where the rest goes as long as the joint obligations are met; I really don't care to know how much the shoes and purses...
by dekecarver
Fri Feb 08, 2019 6:21 am
Forum: Personal Investments
Topic: Sell gold krugerrand and put in Roth?
Replies: 40
Views: 2046

Re: Sell gold krugerrand and put in Roth?

The significance of the coin lies in the sentimental value, not the financial value unless the financial value outweighs the sentimental value. Once the physical coin is out of hand it no longer exist other than just a memory. Which do you value more, sentimental value of coin in hand or objective f...
by dekecarver
Thu Jan 31, 2019 5:50 am
Forum: Personal Investments
Topic: Got suckered into universal life insurance
Replies: 27
Views: 2439

Re: Got suckered into universal life insurance

Cash it out, take the small loss, chock it up to experience and buy term if you need it. Does your employer offer life insurance?

You aren't the first to blaze this trail. Now if someone ask, you can share your experience and hopefully that helps them in their decision making.
by dekecarver
Tue Jan 29, 2019 6:25 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 857
Views: 87758

Re: What frugal thing did you do today?

I bought a $4 beer instead of a $8 beer and cooked dinner at home instead of eating out.
by dekecarver
Tue Jan 29, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 31576

Re: Millionaire by 40 and How you Did it?

Negative 6 figure net worth at the end of fellowship at age 32. Millionaire by age 35. LBYM, dont buy a big stupid house or fancy European cars, waited a few years to have children, saved more than 50% of take home pay, invested in simple, low cost index funds and avoided foolish investments Wow! w...
by dekecarver
Mon Jan 28, 2019 10:15 pm
Forum: Investing - Theory, News & General
Topic: An emergency fund cautionary tale
Replies: 89
Views: 10778

Re: An emergency fund cautionary tale

A study showed that about 50% of Americans wouldn't be able to cover a $400 emergency: https://www.washingtonpost.com/news/wonk/wp/2016/05/25/the-shocking-number-of-americans-who-cant-cover-a-400-expense/ That's a far cry from several months of living expenses! I'd be interested in reading that stu...
by dekecarver
Sun Jan 27, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 31576

Re: Millionaire by 40 and How you Did it?

I think the question and responses also need to reflect the proper context in terms of when (year you turned 40) and other factors. Turning 40 when avg salaries were $40K /year vs $150K, etc.. To actually work, save, sell business, ...invest on average salaries to become a millionaire by 40 is a hel...
by dekecarver
Wed Jan 23, 2019 6:17 am
Forum: Personal Consumer Issues
Topic: Do you carry gas cans, mowers, string trimmers, etc in your car or SUV?
Replies: 48
Views: 3199

Re: Do you carry gas cans, mowers, string trimmers, etc in your car or SUV?

The only thought I ever have with this situation is a good floor mat, secured jug and open or cracked windows for ventilation. Somethings really aren't that dangerous. Putting an unsecured bowling bowl in the vehicle is a bigger problem pending speed and impact angle.
by dekecarver
Tue Jan 22, 2019 5:53 am
Forum: Personal Finance (Not Investing)
Topic: Buy a condo in Bethesda/DC area, am I there yet?
Replies: 12
Views: 1399

Re: Buy a condo in Bethesda/DC area, am I there yet?

As someone else mentioned, have a really good understanding of the coop rules and regs. I've seen this in play and would pause before jumping in pending the circumstances; just like anything else but...
by dekecarver
Sat Jan 19, 2019 5:27 pm
Forum: Personal Consumer Issues
Topic: Myrtle Beach Restaurants
Replies: 15
Views: 1133

Re: Myrtle Beach Restaurants

If you are visiting from a big city, what you can get at home will be at least the same as MB with the caveat of fresh seafood straight off the boat which is seasonal.
by dekecarver
Sat Jan 19, 2019 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce w/child. Spouse wants to move.
Replies: 128
Views: 8477

Re: Divorce w/child. Spouse wants to move.

Wants to move and will be able to move are two very different things.

If you have her dead to rights, force the issue; if she has you dead to rights, well... If it's, we just don't get along; do the best you can for the sake of the child and your happiness.
by dekecarver
Sat Jan 19, 2019 4:59 am
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 127
Views: 14424

Re: How much money did you receive from family? (Gifts/inheritance)

I received a $100 bucks when I turned 12. Bought a 22 cal rifle and a skinning knife. Learned how to use both proficiently; figured I'd always have something to eat and one less thing to worry about on a daily basis should the need arise.
by dekecarver
Sun Jan 13, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax and MAGI Question
Replies: 3
Views: 427

Turbo Tax and MAGI Question

Question regarding TT and MAGI: I am currently evaluating whether DW and I are eligible for Roth IRA contributions. We are both state employees with a defined benefit plan. When looking for the MAGI on our married filed jointly 1040 form I see the AGI but no MAGI. I googled this and came up with two...
by dekecarver
Tue Jan 08, 2019 11:07 pm
Forum: Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10919

Re: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

I've always been intrigued by folks wanting to spend money on a wedding as though it is an expectation to do so but of what value does it actually add to the relationship?
by dekecarver
Tue Jan 08, 2019 7:06 am
Forum: Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10919

Re: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

Words of wisdom depending on how you look at: * You aren't married yet. * Get on the same page before you marry about such things as: finances, how your going rear your kids, religion, etc. * Finances: Doubtful that both of you will make the same at the same time during your marriage, figure out how...
by dekecarver
Mon Nov 12, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Where to buy engagement ring?
Replies: 61
Views: 5394

Re: Where to buy engagement ring?

IMOP, save the money and go with moisanite, after the initial breaking from tradition, you'll get over it unless you just have to have the real thing. Try selling your ring for what you paid; the appraisal, while it should be legit, again, try selling selling it for that amount. Again it comes down ...
by dekecarver
Thu Nov 01, 2018 5:04 am
Forum: Personal Finance (Not Investing)
Topic: Spouse Diagnosed Non-curable Cancer -- what now?
Replies: 54
Views: 10696

Re: Spouse Diagnosed Non-curable Cancer -- what now?

Speaking from experience as a teen through my mid twenties with a much younger parent. Take a deep breath, step back, get things in perspective, be honest with your kids to the level that they will understand (they know and can understand more than you think perhaps), maintain as much normalcy as po...
by dekecarver
Sun Oct 21, 2018 4:22 pm
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 136
Views: 6461

Re: Pull kids from school for vacations?

Education is a concept that is not monopolized by any one body of instructors. Teachers are very adamant that only they can ensure that kids are educated well. Enrichment can only be offered by schools through field trips and summer trips which allow teachers to plan great breaks from standardized ...
by dekecarver
Sat Oct 20, 2018 6:57 pm
Forum: Investing - Theory, News & General
Topic: 20 yr review of Mel's Unloved Midcaps
Replies: 26
Views: 7064

Re: 20 yr review of Mel's Unloved Midcaps

Thank you Mel. When I was looking at asset allocation I paid attention to your take on Midcaps way back. It made sense so I took a gamble; bought, held and added. Still chugging along for better or worse :sharebeer
by dekecarver
Fri Oct 19, 2018 3:51 pm
Forum: Personal Investments
Topic: What the heck to do with $2M windfall
Replies: 22
Views: 4378

Re: What the heck to do with $2M windfall

Depends on your age. If you are young (30s) invest in an equity mutual fund or 3 fund set up, skip the bonds and walk away. Time is on your side so even if the market tanks 50% your still left with $1mill as a principal amount to grow; assuming you still want to work at something. If completing shut...