Search found 1688 matches

by Frugal Al
Thu Sep 03, 2020 7:35 am
Forum: Investing - Theory, News & General
Topic: "Turning 401(k) Plans into Lifetime Investments"
Replies: 47
Views: 4465

Re: "Turning 401(k) Plans into Lifetime Investments"

I would think the insurance companies would love this. They do, go look at the group annuity purchases by Prudential. There’s also an annuity only insurance company called Athene Ltd. that is focusing on this market. There are some concerns with the financial structural of Athene, its reinsurance/c...
by Frugal Al
Fri Jul 17, 2020 10:08 am
Forum: Personal Consumer Issues
Topic: Some possible luxury SUV choices to buy: Opinions?
Replies: 210
Views: 17643

Re: Some possible luxury SUV choices to buy: Opinions?

My RAV4 hybrid is getting 42 mpg. Which is why I sold the 2010 Lexus, at 21 mpg. I think the new Toyota Venza, available as hybrid only, looks very promising. Why Toyota put rear turn signals low on the bumper while having a large LED fixture across the back is beyond me. I otherwise like the look.
by Frugal Al
Mon Mar 23, 2020 2:02 pm
Forum: Personal Investments
Topic: Copper revisited
Replies: 10
Views: 773

Re: Copper revisited

I think it's a good question. Copper pricing got crazy a while back and that spooked a lot of users. There are some companies that might benefit from the increased germicidal diligence we may face. This one is interesting https://cuverro.com/ Like most things, we all want the benefits but no one wan...
by Frugal Al
Fri Mar 20, 2020 11:59 am
Forum: Personal Investments
Topic: Anyone (now) regret choosing a lump sum vs. annuity option?
Replies: 16
Views: 1339

Re: Anyone (now) regret choosing a lump sum vs. annuity option?

No regrets with taking a lump sum. I did not accept the first offer from the company, but took it later at more favorable terms/segment rates. Regardless of what happens I'm confident I'll still be happy with the decision--I have an appropriately conservative portfolio. Relying on the solvency of in...
by Frugal Al
Mon Feb 10, 2020 4:10 pm
Forum: Personal Consumer Issues
Topic: Taken for a ride for Car maintenance [Can I dispute Credit card charge?]
Replies: 101
Views: 6681

Re: Taken for a ride for Car maintenance [Can I dispute Credit card charge?]

Nah - the thing is this dealership added things that no manufacturer recommends. The coolant "conditioner" and fuel injection service with an aftermarket branded solution - that's all just highly marked up BS from the dealership. Honda does not state that the coolant needs any additives. I'm not su...
by Frugal Al
Sat Feb 01, 2020 5:18 pm
Forum: Personal Consumer Issues
Topic: Suggestions for wife's new luxury (or non luxury) SUV???? UPDATE: Thanks everyone for your help.
Replies: 138
Views: 9673

Re: Suggestions for wife's new luxury (or non luxury) SUV????

I find the new 2020 Toyota Highlander to have a good capability, reasonable looking front grill, and should offer the build and reliability Toyota is known for (it's a newer design for 2020). It is built on car based unibody chassis but has 5000 lb towing capacity with the optional tow package. I th...
by Frugal Al
Thu Sep 12, 2019 11:01 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2210
Views: 234349

Re: [What TV Show Have You Recently Watched?]

Really enjoy the programs on Acorn like- Wire In The Blood, Midsomer Murders, London Kills, Good Karma Hospital, The Indian Doctor, Foyles War (again), Kingdom and various documentaries. Another entertaining series currently on Acorn is Murdoch Mysteries . The stories rely on fictionalized history ...
by Frugal Al
Tue Sep 10, 2019 5:25 am
Forum: Personal Investments
Topic: Selecting funds in Fidelity - 403(b)
Replies: 10
Views: 921

Re: Selecting funds in Fidelity - 403(b)

Cora, you seem to have a good plan. I like to keep 401/403 investments simple and low cost, while taking advantage of the inherent dollar cost averaging provided by payroll investing. In my opinion the Fidelity 500 Index (FXAIX) achieves that end with a low expense level. You can alter your overall ...
by Frugal Al
Fri Sep 06, 2019 11:25 am
Forum: Personal Finance (Not Investing)
Topic: BofA ShopSafe going away
Replies: 111
Views: 9301

Re: BofA ShopSafe going away

Very disappointing. I use ShopSafe extensively. I doubt I'll stay with BofA with their discontinuance of the feature.
by Frugal Al
Mon Aug 19, 2019 6:26 am
Forum: Personal Consumer Issues
Topic: Time to rewire, replumb. 30, 40, 50 years? Hot climate.
Replies: 8
Views: 1590

Re: Time to rewire, replumb. 30, 40, 50 years? Hot climate.

I have a house which was plumbed with PEX (cross linked polyethylene) and I expect that it will not corrode for centuries. OTOH is is susceptible to being chewed by rats and developing leaks that way. Western conifer seed bugs and a couple other boring type insects have been known to cause pinhole ...
by Frugal Al
Sun Aug 04, 2019 2:21 am
Forum: Personal Consumer Issues
Topic: Honda/Acura maintenance minders
Replies: 56
Views: 4731

Re: Honda/Acura maintenance minders

Some things go by time and not miles. Almost all Honda/Acura's require brake fluid changes at 3 years. There is no maintenance minder for that. The newer MM system in late model Hondas goes by time and miles--brake fluid is sub code 7. The time starts when the vehicles leave the factory, causing so...
by Frugal Al
Thu Jul 04, 2019 5:42 am
Forum: Personal Investments
Topic: Retirement plan [Pension lump sum or annuity?]
Replies: 25
Views: 2120

Re: Retirement plan [Pension lump sum or annuity?]

I have finalized my pension cash out of $518,000 to be funded to my Vanguard IRA on August 1,2019. So total retirement assets at this time are close to $1,850,000 pre tax. I now have cold feet and have not pulled the trigger to buy 60% to Total stock market index and 40% to total bond index. I did ...
by Frugal Al
Sun Jun 30, 2019 6:09 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2210
Views: 234349

Re: [What TV Show Have You Recently Watched?]

ruralavalon wrote: Sun Jun 30, 2019 5:57 am Where can we find Good Karma Hospital?
Good Karma Hospital is on the Acorn channel.
by Frugal Al
Sun Jun 30, 2019 5:31 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2210
Views: 234349

Re: [What TV Show Have You Recently Watched?]

I agree with others who liked the Catch 22 mini-series on Hulu. Currently streaming Hinterland and Shetland--similar crime dramas featuring the beautiful desolation that is part and parcel to norther areas of the United Kingdom. For camera work I think Hinterland gets the nod. Both, however, offer g...
by Frugal Al
Sun Jun 23, 2019 6:54 am
Forum: Personal Finance (Not Investing)
Topic: "Quitten" - Replacing Quicken with Google Sheets
Replies: 39
Views: 4927

Re: "Quitten" - Replacing Quicken with Google Sheets

We used Quicken for almost 10 years and stopped cold about a decade ago. We simply did not see any value and thought time could be used with more meaningful and enjoyable things. No regrets. Once set up, Quicken actually saves time if the features are used properly. Granted, if someone just wants a...
by Frugal Al
Sat Jun 01, 2019 7:47 am
Forum: Personal Investments
Topic: Retirement plan [Pension lump sum or annuity?]
Replies: 25
Views: 2120

Re: Retirement plan [Pension lump sum or annuity?]

Although pensions are indeed a good thing, a non-COLA pension with a payout rate not much different than commercially available annuities, and with an IRR not much different than today's bank CD's (granted, different durations), makes taking the lump sum a reasonable choice. Taking the pension shoul...
by Frugal Al
Thu May 02, 2019 6:56 am
Forum: Personal Investments
Topic: Whole life insurance
Replies: 8
Views: 978

Re: Whole life insurance

I definitely agree with the previous posters that you are most likely significantly under-insured, but that doesn't mean you should necessarily drop the whole life policy, assuming you can afford to keep it. On a 20 year WL policy, the bulk of the sales load is now a sunk cost. Going forward the pol...
by Frugal Al
Tue Mar 26, 2019 5:40 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1477
Views: 174356

Re: What frugal thing did you do today?

bck63 wrote: Mon Mar 25, 2019 8:43 pm I took all the sugar packets at my booth in the diner today. And the bottle of steak sauce too.
That's not being frugal--that's being a thief.
by Frugal Al
Tue Mar 19, 2019 6:31 am
Forum: Personal Investments
Topic: Monthly pension or rollover?
Replies: 8
Views: 1133

Re: Monthly pension or rollover?

The annual pension would be about 4.78% of the lump sum withdrawal value. For at least the next three years there will be no inflation adjustments. For clarification, you are comparing single life annuity payout rates with the payout of a single life pension, or is the pension 100% joint life??? Th...
by Frugal Al
Fri Mar 15, 2019 3:00 pm
Forum: Personal Consumer Issues
Topic: 2014 CR-V Heater Core Flush cost
Replies: 15
Views: 1879

Re: 2014 CR-V Heater Core Flush cost

I find it interesting that Honda recommends using CLR to flush mineral buildup out of the heater core of a 2014 vehicle. If the cooling system is intact, and hasn't been contaminated by high mineral content water or non-spec coolant, Honda's Long-Life Coolant (120kmiles/10yr life) should resist such...
by Frugal Al
Fri Mar 08, 2019 6:56 am
Forum: Personal Consumer Issues
Topic: How often do you and your friends change engine oil?
Replies: 167
Views: 9734

Re: How often do you and your friends change engine oil?

I think what lazydavid meant to say, and rightly so, is that oil color is about the worst way to judge oil life. Obviously metal particles and sludge would be problematic. Many people think because an oil is dark or black it is no longer effective, which isn't necessarily the case.
by Frugal Al
Tue Jan 15, 2019 6:12 am
Forum: Personal Consumer Issues
Topic: Brake fluid replacement?
Replies: 103
Views: 6980

Re: Brake fluid replacement?

I've never opened the bleed valves to compress my calipers. I just open the reservoir cap and let the fluid back up like it's supposed to. This way, if you're not changing the fluid at the same time as the pads (my front and rear pads rarely get replaced at the same time), you don't have to bleed t...
by Frugal Al
Sun Dec 30, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Father-in-law denied apartment for lack of income even though he has assets. What to do?
Replies: 77
Views: 8119

Re: Father-in-law denied apartment for lack of income even though he has assets. What to do?

What might be even more frustrating, given what the landlord considers income, and little or no consideration given to asset levels, is if FIL recently converted TIRA funds to a ROTH IRA, requiring no RMD's. I think these income rules need to be reconsidered by the lessors.
by Frugal Al
Sun Dec 16, 2018 5:44 am
Forum: Personal Consumer Issues
Topic: Honda Pilot - Improving Traction
Replies: 23
Views: 1966

Re: Honda Pilot - Improving Traction

I have a even older pilot, 2006. I do not drive much but I rotate the 2 front tires to the back,and get 2 new ones on the front about every 4-5 years. I consider this is cheap way to provide safety. Although your intent is good, in a front drive vehicle the best tires should generally be placed on ...
by Frugal Al
Sun Dec 09, 2018 7:51 am
Forum: Personal Consumer Issues
Topic: GE Washing Machine Screeching Sound
Replies: 19
Views: 1469

Re: GE Washing Machine Screeching Sound

earlywynnfan wrote: Fri Dec 07, 2018 2:46 pm I'm new to this forum, but I'm amazed that Bogleheads would buy anything but a Speed Queen!!
Sadly, as of 2018 Speed Queen is no longer the go-to machine. It's very difficult to find a reliable and effective washing machine today.
by Frugal Al
Wed Oct 03, 2018 3:00 am
Forum: Personal Finance (Not Investing)
Topic: Pension plan choice of annuity or cash payout
Replies: 27
Views: 3067

Re: Pension plan choice of annuity or cash payout

Yes, but a 4% inflation indexed withdrawal may not always be sustainable. Also, Dr. Wade Pfau says that the breakeven point where a real annuity starts paying more than a nominal annuity is about 15 years. Many retirements don't last 15 years. A 4% inflation indexed withdrawal is essentially equiva...
by Frugal Al
Tue Oct 02, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Pension plan choice of annuity or cash payout
Replies: 27
Views: 3067

Re: Pension plan choice of annuity or cash payout

I was thinking about various Boglehead threads on this topic. Lots of folks seemed to believe that 3% withdrawal rates were more sustainable than 4%. A sizeable minority still held to 4%. This is one reason that I tell folks to look at Single Premium Immediate Annuities, you effectively boost your ...
by Frugal Al
Wed Sep 26, 2018 6:14 am
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 89
Views: 12093

Re: Oil change interval for low-mileage vehicles

You Escape has an IOLM (Intelligent Oil Life Monitor). It will tell you when your driving necessitates a change, which will be no later than10,000 miles or one year. If you don't want to do it then, reset it for 50% life and then do it. I agree, Rick, and said as much in my earlier post. I don't ag...
by Frugal Al
Tue Sep 25, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 89
Views: 12093

Re: Oil change interval for low-mileage vehicles

aude wrote: Tue Sep 25, 2018 10:54 amI see a couple of things missing here. With today's synthetic oils and the correct filter, you can substantially extend oil change intervals (OCI) IF you do two things.
Not if he wants to maintain warranty against oil/lubrication issues.
by Frugal Al
Tue Sep 25, 2018 10:41 am
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 89
Views: 12093

Re: Oil change interval for low-mileage vehicles

I suspect your mechanic is recommending changing every few months because he's using conventional dino oil, not synthetic. We don't know if your 2017 Ford Escape is a turbo (Ford Ecoboost) or not--turbo??? Direct injected engines have their own set of issues. If it's a turbo model, I think less of y...
by Frugal Al
Wed Aug 08, 2018 4:40 am
Forum: Personal Finance (Not Investing)
Topic: Universal life policy – continue, contribute, or cash out
Replies: 12
Views: 1468

Re: Universal life policy – continue, contribute, or cash out

Whole life is a complicated financial instrument that few would or should want to enter nowadays. The sunk cost is gone and out of their hands. But there's nothing wrong with taking time with their decision. To be clear, this is universal life, not whole life. The cost is not gone, the cost of insu...
by Frugal Al
Tue Aug 07, 2018 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Universal life policy – continue, contribute, or cash out
Replies: 12
Views: 1468

Re: Universal life policy – continue, contribute, or cash out

We are told that the OP does not need the $100k death benefit. The relatively meager increasing cash value (from $17,000 to $18,000) over the nest 10 years indicates that the cost of insurance must be about $8500 over that same 10 year period (based on the 4.5% "guaranteed" return)--for insurance th...
by Frugal Al
Mon Aug 06, 2018 5:58 am
Forum: Personal Consumer Issues
Topic: February warm weather vacation
Replies: 19
Views: 1950

Re: February warm weather vacation

You could go anywhere in the caribbean on that budget. I suggest Puerto Rico, USVI, or BVI. Or you could visit all 3 in one trip and go island hopping :) You can find lodging for $100/night or so and the meals wont break your bank. Trust me, you will have a much better time hanging out in the carib...
by Frugal Al
Sun Aug 05, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Car price ratio to NW
Replies: 140
Views: 10360

Re: Car price ratio to NW

Definitely agree that the car price/net worth is not the metric to use for buying a vehicle. The TOTAL cost of ownership vs income over time of ownership should be considered, in conjunction with other expenses and debt. Buying an inexpensive used car just to meet some arbitrary percentage of income...
by Frugal Al
Fri Jul 27, 2018 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Moral dilemma - What would you do?
Replies: 54
Views: 6292

Re: Moral dilemma - What would you do?

Every company has something called as mission, vision and values . The values end up costing money or revenue loss but they are there for a reason. I do agree with your point, Carpe. But more appropriately, it should be that the values MAY end up costing money the company, at least in the short run...
by Frugal Al
Fri Jul 20, 2018 5:48 am
Forum: Personal Consumer Issues
Topic: [A Splendid Exchange, by William Bernstein - on sale for Kindle]
Replies: 19
Views: 2459

Re: [A Splendid Exchange, by William Bernstein - on sale for Kindle]

Thanks for the heads-up, Dr. Bernstein. Looking forward to this read--I've enjoyed all your books.
by Frugal Al
Thu Jul 05, 2018 10:34 am
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 12931

Re: SS taken at 62 vs. 70, but measured from 70+

It's perpetual stream of income, Cruncher. Are you not aware that a 60/40 comes close to earning 4% real for life? Some say it's actually 4%, I believe Bengen says 3.5% for 60/40. It's not magic. So yes, 8 years later, you can have the same amount of money, that is inflation adjusted, and have the ...
by Frugal Al
Thu Jul 05, 2018 4:21 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefits?
Replies: 4
Views: 1109

Re: Social Security Spousal Benefits?

I've seen situations where the disability amount received is not equal to the PIA. But we agree, assuming full retirement age, filing a restricted application for spousal, the spouse would get half of the other spouses PIA, as I said above.
by Frugal Al
Tue Jul 03, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefits?
Replies: 4
Views: 1109

Re: Social Security Spousal Benefits?

The amount your spouse is receiving on SS disability is probably lower than her primary insurance amount, the amount she'd get at full retirement age. That is the number of which you'd get half. I agree with protagonist, if you're in good health and anticipate an average longevity, and can afford it...
by Frugal Al
Tue Jul 03, 2018 1:14 pm
Forum: Personal Consumer Issues
Topic: Rodents ate my car!
Replies: 80
Views: 10630

Re: Rodents ate my car!

Trade the Toyota in for a Honda Sadly, as with most auto mfrs, Honda also uses soy based plastics--at least on the electrical wiring insulation. I think my bill was about $300 for new tranny wiring on a Honda CR-V. While rodents have always been problematic with automotive wiring, I think the soy b...
by Frugal Al
Fri Jun 22, 2018 6:26 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 282
Views: 33913

Re: Did you celebrate when you finally hit $1m?

It's just a number. While it may be a goal worth noting, it's a bit like driving across the border from Ohio to Indiana...the landscape will not have changed much--financially or otherwise. You really aren't much better off than you were at $990,000.
by Frugal Al
Sun Jun 17, 2018 6:16 am
Forum: Personal Consumer Issues
Topic: Chipmunk problem
Replies: 69
Views: 7486

Re: Chipmunk problem

No, they are actually fast enough to just barely beat the trap...I have seen it many times with ground squirrels. I put peanut butter crackers on the trigger pan. They are not stupid critters...now normal squirrels and raccoons I can trap all day long (different size traps) While I agree 'munks are...
by Frugal Al
Mon Jun 11, 2018 4:49 am
Forum: Personal Finance (Not Investing)
Topic: How to Handle Medicare
Replies: 5
Views: 879

Re: How to Handle Medicare

Does your wife's employer have over 20 employees? If it's a larger employer just sign up for Medicare Part A--no need for Part B at this time. Stay on her employers coverage. For larger health plans Medicare is a secondary payer. If you're uncertain whether her employer has over 20 employees check w...
by Frugal Al
Tue May 29, 2018 7:18 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5912
Views: 1395242

Re: What Movie Have You Recently Watched?

Really enjoyed the German mini-series now on Netflix, Cheritè. It is a somewhat fictionalized, yet compelling, story about the medical research done at the Cheritè Hospital in Berlin during in the late 1800's. Looking forward to seeing Alicia Von Rittberg in more major roles.
by Frugal Al
Wed Mar 28, 2018 7:29 am
Forum: Personal Consumer Issues
Topic: Which of our cars should we use more, old or new?
Replies: 32
Views: 3089

Re: Which of our cars should we use more, old or new?

Make sure to keep the miles on the newer car in line with age with respect to warranty, not ignoring the 8 year, 80k mile emissions equipment warranty. I say this from buying a car from my father in law. He and the MIL tended to drive the cheaper car all the time and left the more expensive car at ...
by Frugal Al
Sat Mar 10, 2018 7:57 am
Forum: Personal Consumer Issues
Topic: New Honda CRV - first oil change full synthetic?
Replies: 87
Views: 37985

Re: New Honda CRV - first oil change full synthetic?

Waterboyz wrote: Fri Mar 09, 2018 2:58 am In the process of buying 2018 CR-V EX-L FWD new.
During my research, I found that the turbo engine is having, what is called, "Oil Dilution" issues.
Thanks for the heads-up, Waterboyz, I hadn't heard about this.
by Frugal Al
Sat Mar 10, 2018 7:33 am
Forum: Personal Consumer Issues
Topic: Consumer Reports Auto Issue Out now
Replies: 48
Views: 6051

Re: Consumer Reports Auto Issue Out now

I agree with the observation that the reliability of older cars is inferior to current production. I traded in a 2013 Honda Accord and replaced it with a 2018 Fiat Spider Lusso. The Honda had experienced dead battery issues, slipping CVT, loose items in doors causing noise, and other minor issues. ...
by Frugal Al
Tue Feb 20, 2018 7:12 am
Forum: Personal Consumer Issues
Topic: Sams Club vs Costco
Replies: 78
Views: 8636

Re: Sams Club vs Costco

Sam's Club is the same quality as a Wal Mart only in bulk. Wow, it seems that we have a bit of snobbery on the board. For many items there is nothing bad about "Wal-Mart" quality. Besides it's not entirely true that Sam's carries the same merchandise, though I'm sure there are many common items. Th...
by Frugal Al
Sat Feb 17, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: philosophicaleconomics predicts 4% real equity returns
Replies: 152
Views: 13237

Re: philosophicaleconomics predicts 4% real equity returns

The 4% SWR will work even with a consistent 1.5% real rate of return. The problem is the sequence of returns. Although the article is interesting, in and of itself, it in no way dispels the 4% SWR.
by Frugal Al
Thu Feb 15, 2018 5:51 am
Forum: Personal Finance (Not Investing)
Topic: Going Paperless Issues
Replies: 68
Views: 5605

Re: Going Paperless Issues

I get all bill notifications from e-mail. On the rare occasion I don't get the e-mail, I see it in Quicken bill reminder (bank online bill pay systems can do something similar). I push all bill payments from Quicken to my banks bill-pay system. This has worked flawlessly for years. I know when every...