Search found 2089 matches

by fredflinstone
Wed Oct 24, 2018 6:04 am
Forum: Personal Finance (Not Investing)
Topic: 529: multiple accounts for the same beneficiary
Replies: 19
Views: 1863

Re: 529: multiple accounts for the same beneficiary

Spirit Rider wrote:
Tue Oct 23, 2018 3:41 pm
Your numbers are way overkill when the plan maximums is many states are $400K - $500K+. The vast majority of people are not going to exceed one plan's limits. At most you might need two or three plans, certainly not 50.
Did you see my most recent post?
by fredflinstone
Tue Oct 23, 2018 7:30 am
Forum: Personal Finance (Not Investing)
Topic: 529: multiple accounts for the same beneficiary
Replies: 19
Views: 1863

Re: 529: multiple accounts for the same beneficiary

It never occurred to me to open multiple accounts for the same beneficiary. This gives me a devilish idea. Suppose I am very wealthy and I want to pass on tens of millions tax-free to my children and grandchildren when I die. Can I set up fifty 529 plans for each child and grandchild -- one per ben...
by fredflinstone
Tue Oct 23, 2018 7:18 am
Forum: Personal Consumer Issues
Topic: I want to sell my home, but I don't want to fix it up
Replies: 72
Views: 8829

Re: I want to sell my home, but I don't want to fix it up

LeeMKE wrote:
Sun Oct 21, 2018 10:06 pm
Yeah! A happy ending. You already know you owe your friend big time.
I do. He is a phenomenal human being.
by fredflinstone
Sun Oct 21, 2018 9:38 pm
Forum: Personal Consumer Issues
Topic: I want to sell my home, but I don't want to fix it up
Replies: 72
Views: 8829

Re: I want to sell my home, but I don't want to fix it up

update for anyone interested: I got a home inspection and sent the inspection report to a half-dozen general contractors. Most of the general contractors never got back to me. Those who did took so long that by the time they finally came to the house, most of the repairs had already been done. Early...
by fredflinstone
Sun Oct 21, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: 529: multiple accounts for the same beneficiary
Replies: 19
Views: 1863

Re: 529: multiple accounts for the same beneficiary

It never occurred to me to open multiple accounts for the same beneficiary. This gives me a devilish idea. Suppose I am very wealthy and I want to pass on tens of millions tax-free to my children and grandchildren when I die. Can I set up fifty 529 plans for each child and grandchild -- one per ben...
by fredflinstone
Fri Oct 19, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: 529: multiple accounts for the same beneficiary
Replies: 19
Views: 1863

Re: 529: multiple accounts for the same beneficiary

DIFAR31 wrote:
Fri Oct 19, 2018 7:05 pm
You could do the same thing just by making regular gifts. I don't see how scores of different 529 accounts makes any difference.
if you give the money away, you no longer have control over it. That is a big difference.
by fredflinstone
Fri Oct 19, 2018 7:07 pm
Forum: Investing - Theory, News & General
Topic: Are bonds the Maginot Line of Modern Investing?
Replies: 43
Views: 4161

Re: Are bonds the Maginot Line of Modern Investing?

I have no opinion on the future of bonds, but I would take issue with the consensus here that "As a defensive strategy, the Maginot Line served its purpose." The purpose of the Maginot Line, I would suggest to you, was to prevent France from being invaded by Germany. That is, the point of the dumb t...
by fredflinstone
Fri Oct 19, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: 529: multiple accounts for the same beneficiary
Replies: 19
Views: 1863

Re: 529: multiple accounts for the same beneficiary

It never occurred to me to open multiple accounts for the same beneficiary. This gives me a devilish idea. Suppose I am very wealthy and I want to pass on tens of millions tax-free to my children and grandchildren when I die. Can I set up fifty 529 plans for each child and grandchild -- one per ben...
by fredflinstone
Fri Oct 19, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: 529: multiple accounts for the same beneficiary
Replies: 19
Views: 1863

Re: 529: multiple accounts for the same beneficiary

It never occurred to me to open multiple accounts for the same beneficiary. This gives me a devilish idea. Suppose I am very wealthy and I want to pass on tens of millions tax-free to my children and grandchildren when I die. Can I set up fifty 529 plans for each child and grandchild -- one per bene...
by fredflinstone
Mon Jul 23, 2018 9:16 pm
Forum: Personal Consumer Issues
Topic: I want to sell my home, but I don't want to fix it up
Replies: 72
Views: 8829

Re: I want to sell my home, but I don't want to fix it up

You lost me when you said a leak (intermittent) and a faulty window would cost $150k? I'll bid $145 to fix your problems. Just kidding, sort of. These are not simple fixes. The window cannot close properly. Replacing the glass will not solve the problem. The problem is structural in nature, i.e. a ...
by fredflinstone
Mon Jul 23, 2018 4:42 pm
Forum: Personal Consumer Issues
Topic: I want to sell my home, but I don't want to fix it up
Replies: 72
Views: 8829

Re: I want to sell my home, but I don't want to fix it up

I’m finding it is not easy to get people to work on your house. I’ve been trying to fix certain things in my house and it has been very frustrating. People don’t call back, someone came and once he saw we had a vaulted ceiling he clearly didn’t want the job so we never heard from him again, another...
by fredflinstone
Mon Jul 23, 2018 4:40 pm
Forum: Personal Consumer Issues
Topic: I want to sell my home, but I don't want to fix it up
Replies: 72
Views: 8829

Re: I want to sell my home, but I don't want to fix it up

If the difference really is $150,000, that should be enough to pay someone else to take care of all the headaches and still turn a nice profit for you. I'd pay someone else to do everything. That would make sense for a separate property, but they've got to live there while the work is done. Sorry, ...
by fredflinstone
Mon Jul 23, 2018 4:39 pm
Forum: Personal Consumer Issues
Topic: I want to sell my home, but I don't want to fix it up
Replies: 72
Views: 8829

Re: I want to sell my home, but I don't want to fix it up

If the difference really is $150,000, that should be enough to pay someone else to take care of all the headaches and still turn a nice profit for you. I'd pay someone else to do everything. That's a good idea. I think a good starting point would be to get a home inspection done and then show the r...
by fredflinstone
Mon Jul 23, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: I want to sell my home, but I don't want to fix it up
Replies: 72
Views: 8829

I want to sell my home, but I don't want to fix it up

I like my home -- it is a very pleasant place to live -- but it has some issues. For example, I have a window that I don't open because the last time I opened it, I was unable to close it. I have a leak in the ceiling which I think is coming from a deck on the second floor, but I'm not really sure. ...
by fredflinstone
Sat Feb 10, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: has anyone here tried to engineer a low-income-generating portfolio?
Replies: 18
Views: 1786

Re: has anyone here tried to engineer a low-income-generating portfolio?

Thanks everyone for your valuable feedback. I'll have to look at the numbers more closely (obviously my hypothetical portfolio was a simplified version of reality), but I do see where everyone is coming from.
by fredflinstone
Sat Feb 10, 2018 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: has anyone here tried to engineer a low-income-generating portfolio?
Replies: 18
Views: 1786

Re: has anyone here tried to engineer a low-income-generating portfolio?

Grt2bOutdoors wrote:
Sat Feb 10, 2018 6:07 pm
It's threads like these that turn people off from the forum. If you have $5MM you should pay your fair share, I find it distasteful to assume that society should subsidize someone with such wealth.
I didn't make the rules.
by fredflinstone
Sat Feb 10, 2018 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: has anyone here tried to engineer a low-income-generating portfolio?
Replies: 18
Views: 1786

Re: has anyone here tried to engineer a low-income-generating portfolio?

OP, If you have a choice of earning 100K versus spending 20K, what would you choose? When you asked the wrong question, you will never get the right answer!! If you have a portfolio of 5 million, paying 20K in medical care is the least of your problem. If you reconfigured your portfolio that way an...
by fredflinstone
Sat Feb 10, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: has anyone here tried to engineer a low-income-generating portfolio?
Replies: 18
Views: 1786

Re: has anyone here tried to engineer a low-income-generating portfolio?

Note that $7,500 a year would be too low for ACA, in most states you'd end up on Medicaid expansion. Presumably you could generate some capital gains to keep your income high enough though. Also note that muni bond interest counts towards ACA eligibility even if it's not taxed so that's not a help....
by fredflinstone
Sat Feb 10, 2018 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: has anyone here tried to engineer a low-income-generating portfolio?
Replies: 18
Views: 1786

has anyone here tried to engineer a low-income-generating portfolio?

When Wilma retires a few years from now, I am thinking about reconfiguring our portfolio to dramatically reduce our unearned income. Assume annual earnings of 0.0 percent from a money market fund and 0.3 percent from a growth equity index fund. If we have a $5 million portfolio and a 50-50 split bet...
by fredflinstone
Tue Jan 30, 2018 8:28 am
Forum: Investing - Theory, News & General
Topic: Wow: Shiller PE is 34.52
Replies: 52
Views: 7186

Re: Wow: Shiller PE is 34.52

Jags4186 wrote:
Tue Jan 30, 2018 8:26 am
fredflinstone wrote:
Tue Jan 30, 2018 8:24 am
http://www.multpl.com/shiller-pe/

Just saying.
It was 71 in 2009. We could have a 100% run in us still.
Actually it was about 15 in 2009. Click on the link.
by fredflinstone
Tue Jan 30, 2018 8:18 am
Forum: Personal Consumer Issues
Topic: Certified Used BMW, Audi or Mercedes
Replies: 62
Views: 5977

Re: Certified Used BMW, Audi or Mercedes

Nothing wrong with buying a luxury car, but Hondas and Toyotas get the job done just fine. I tried out a BMW and an Audi and didn't feel any tingles. Ended up buying a Honda CRV, which works just fine. At the end of the day, it's just a car.
by fredflinstone
Wed Nov 29, 2017 6:22 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Re: Does it make sense to drop health insurance?

OP - I don't see the important number for the policy you would be using -- what is the maximum out of pocket annual cost to you and your family, after which insurance pays everything? If MOOP is 50k, for example, that is the most you would spend in any one year on healthcare. Compare that with the ...
by fredflinstone
Wed Nov 29, 2017 6:19 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Re: Does it make sense to drop health insurance?

Unfortunately, I don't believe catastrophic policies are legal anymore (or at least you'd be subject to the penalty). I think the deductibles and OOP and a lot of plans now are what used to be considered catastrophic 15 years ago. If they sold a policy with a $50k deductible for a minimal cost, tha...
by fredflinstone
Wed Nov 29, 2017 6:16 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Re: Does it make sense to drop health insurance?

Sad to say it probably makes sense to drop it. Some people, including many otherwise rationale people on this site, will never consider going without no matter the costs. I can’t justify that. Look into asset protection for a complete picture. Health care costs could never ruin me because much of m...
by fredflinstone
Wed Nov 29, 2017 6:11 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Re: Does it make sense to drop health insurance?

I have never, ever heard of a situation where one should not have health insurance even for a day. Even dental insurance is a good idea to avoid being gouged by the fictitious "regular" cost. I'm glad you brought that up. In fact, we do not have dental insurance. Our dentist completely understands ...
by fredflinstone
Wed Nov 29, 2017 6:05 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Re: Does it make sense to drop health insurance?

Unfortunately, I don't believe catastrophic policies are legal anymore (or at least you'd be subject to the penalty). I think the deductibles and OOP and a lot of plans now are what used to be considered catastrophic 15 years ago. If they sold a policy with a $50k deductible for a minimal cost, tha...
by fredflinstone
Wed Nov 29, 2017 6:03 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Re: Does it make sense to drop health insurance?

Fred. Health insurance is "insurance". God forbid that something serious should happen to "Bam Bam". Barney backing out of his garage and rolling over Wilma's foot but it get's infected and requires long term care. Or something should "befell" you at the quarry. DinoExcavators can be tricky. Health...
by fredflinstone
Wed Nov 29, 2017 1:35 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Re: Does it make sense to drop health insurance?

SrGrumpy wrote:
Wed Nov 29, 2017 1:33 pm
crystalbank wrote:
Wed Nov 29, 2017 1:14 pm
Like many posters already mentioned, hospitals likely won't give you the same discount when paying out of pocket ...
I don't think this is true.
There seems to be a difference of opinion on this point.
by fredflinstone
Wed Nov 29, 2017 1:27 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Re: Does it make sense to drop health insurance?

Just a quick note to thank everyone for their thoughts. There is an incredible depth of knowledge on this site.
by fredflinstone
Wed Nov 29, 2017 1:25 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Re: Does it make sense to drop health insurance?

With substantial assets it never makes sense to be without health insurance. You really can not take the risk of even a low probability health event that costs high six figures to seven figures. If you have substantial assets, then the health insurance premiums are at most an inconvenience. With $1...
by fredflinstone
Wed Nov 29, 2017 1:20 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Re: Does it make sense to drop health insurance?

I recently retired from the quarry (early retirement). The wife (Wilma) and I are too young to go on Medicare so we buy health insurance on our own through the individual market. In our town of Bedrock, premiums are going up big-time in 2018. We will have to pay more than $1,300 per month for our f...
by fredflinstone
Wed Nov 29, 2017 1:18 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Re: Does it make sense to drop health insurance?

If you have an adverse outcome. Say a heart attack or cancer youre looking at 200k+ for those bills. Once u have the acute phase over ur looking at the maintenance phase. Upwards of 20k a year. This excludes medications easily upwards 50k for cancer meds. Al for one uninsured pt. Just my 2 cents. O...
by fredflinstone
Wed Nov 29, 2017 1:17 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Re: Does it make sense to drop health insurance?

I honestly think the insurance industry really made it worse for everyone except for well themselves. Unfortunately, I don't see the system getting fixed anytime soon so you really have no choice. Like many posters already mentioned, hospitals likely won't give you the same discount when paying out...
by fredflinstone
Wed Nov 29, 2017 1:14 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Re: Does it make sense to drop health insurance?

Sad to say it probably makes sense to drop it. Some people, including many otherwise rationale people on this site, will never consider going without no matter the costs. I can’t justify that. Look into asset protection for a complete picture. Health care costs could never ruin me because much of m...
by fredflinstone
Wed Nov 29, 2017 12:51 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Re: Does it make sense to drop health insurance?

"My question is: Is my family at the point where it is rational to forego coverage?" Have you priced a catastrophic plan that would protect you on the very high side of medical costs? That's the question I'd have. We could pay the $150 office visits and $900 every 3 month insulin pump supplies, but...
by fredflinstone
Wed Nov 29, 2017 12:46 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Re: Does it make sense to drop health insurance?

"My question is: Is my family at the point where it is rational to forego coverage?" Have you priced a catastrophic plan that would protect you on the very high side of medical costs? The price I quoted is for a very high deductible plan aka a catastrophic plan. The low-deductible plans are much mo...
by fredflinstone
Wed Nov 29, 2017 12:45 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Re: Does it make sense to drop health insurance?

Unfortunately I have more questions then answers for your situation. Have you looked at short-term health insurance as an alternative? Does your wife work? If so, can she get access to health insurance or transfer to a company that offers health insurance? How long will you be going without health ...
by fredflinstone
Wed Nov 29, 2017 12:40 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Re: Does it make sense to drop health insurance?

"My question is: Is my family at the point where it is rational to forego coverage?" Have you priced a catastrophic plan that would protect you on the very high side of medical costs? The price I quoted is for a very high deductible plan aka a catastrophic plan. The low-deductible plans are much mo...
by fredflinstone
Wed Nov 29, 2017 12:38 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Re: Does it make sense to drop health insurance?

@woodspinner: Thank you for your perspective. You write "No it doesn't make sense!! You are gambling with Financial Ruin, Bankruptcy, not to mention Significantly Poorer Health Care that may be critical to save your life or the lives of your family." Is there any point at which you think premiums wo...
by fredflinstone
Wed Nov 29, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 10559

Does it make sense to drop health insurance?

I recently retired from the quarry (early retirement). The wife (Wilma) and I are too young to go on Medicare so we buy health insurance on our own through the individual market. In our town of Bedrock, premiums are going up big-time in 2018. We will have to pay more than $1,300 per month for our fa...
by fredflinstone
Wed Jun 28, 2017 8:53 pm
Forum: Personal Consumer Issues
Topic: Pre-owned Acura's... Value of 'Certified'?
Replies: 23
Views: 3399

Re: Pre-owned Acura's... Value of 'Certified'?

yes, CPO comes with a warranty. Moreover, if your car is in the shop, your Acura dealership will likely give you a nice loaner while repairs are made. (Ask them about this.)
by fredflinstone
Wed Jun 28, 2017 6:12 pm
Forum: Personal Consumer Issues
Topic: Bogleheads: Please help me pick a new car
Replies: 81
Views: 10450

Re: Bogleheads: Please help me pick a new car

mhalley wrote:For others thinking of getting a car, I was listening to Clark Howard and he said there is a glut of Lexus coming off lease and you could get one for the best price in years.
This was not my experience. The 3-year old Lexuses I saw were only a few thousand dollars cheaper than brand new ones.
by fredflinstone
Fri Jun 23, 2017 7:53 pm
Forum: Personal Consumer Issues
Topic: Bogleheads: Please help me pick a new car
Replies: 81
Views: 10450

Re: Bogleheads: Please help me pick a new car

I discovered that the safety technology I want (collision avoidance) is not on the low-end Lexus NT. Rather than buy a more expensive Lexus, I decided to purchase a top-of-the-line Honda CR-V for about $33K plus taxes. The car has all the features I want and is considered very reliable, which is imp...
by fredflinstone
Fri Jun 23, 2017 6:55 am
Forum: Personal Consumer Issues
Topic: Bogleheads: Please help me pick a new car
Replies: 81
Views: 10450

Re: Bogleheads: Please help me pick a new car

I know of a situation. Someone gave his daughter a Mercedes and she didn't like showing off like that and wanted a lesser car. I would consider the Subaru because the son is involved. I like the Subaru but I feel that the Lexus might be more reliable. If I can choose between a CPO Lexus RX (30,000 ...
by fredflinstone
Fri Jun 23, 2017 6:48 am
Forum: Personal Consumer Issues
Topic: Bogleheads: Please help me pick a new car
Replies: 81
Views: 10450

Re: Bogleheads: Please help me pick a new car

[...] I believe it meets all of my requirements (AWD, brake assist, etc.). 29,000 miles. It is priced at $33K, which is $1,789 below market price, according to cargurus.com. The warranty would run through 2021, unlimited miles. the dealer has already reduced the price by $4,200. [...] I find it har...
by fredflinstone
Fri Jun 23, 2017 6:46 am
Forum: Personal Consumer Issues
Topic: Bogleheads: Please help me pick a new car
Replies: 81
Views: 10450

Re: Bogleheads: Please help me pick a new car

Lexus has a small number (13?) of no-haggle dealerships. These are called "Lexus Plus". Generally you get a token discount off of MSRP, but nothing close to what you could negotiate on your own. But the vast majority are traditional dealerships. Have you driven the NX? Most think it's too noisy, ha...
by fredflinstone
Fri Jun 23, 2017 5:04 am
Forum: Personal Consumer Issues
Topic: Bogleheads: Please help me pick a new car
Replies: 81
Views: 10450

Re: Bogleheads: Please help me pick a new car

Does anyone know if I can haggle over the price of a new Lexus? Or is Lexus a no-haggle dealership?
by fredflinstone
Fri Jun 23, 2017 4:38 am
Forum: Personal Consumer Issues
Topic: Bogleheads: Please help me pick a new car
Replies: 81
Views: 10450

Re: Bogleheads: Please help me pick a new car

Here is a CPO 2015 Lexus NX 200t in my state that looks interesting: https://www.cargurus.com/Cars/inventorylisting/viewDetailsFilterViewInventoryListing.action?sourceContext=carGurusHomePage_false_0&CPOView=true&entitySelectingHelper.selectedEntity=d2293&zip=80906#listing=174297893 I believe it me...
by fredflinstone
Fri Jun 23, 2017 4:37 am
Forum: Personal Consumer Issues
Topic: Bogleheads: Please help me pick a new car
Replies: 81
Views: 10450

Re: Bogleheads: Please help me pick a new car

OK, guys, I asked you for some advice 7 years ago and you told me to get an Acura MDX. I did so and it has been a great car. 116,000 miles so far with no problems whatsoever. My daughter Pebbles turned 16 this week and I gave her the car for her birthday. So now I need a new car. Background: I driv...