Search found 1663 matches

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: 2870

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: 2870

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: 6082

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: 6082

Re: Oil change interval for low-mileage vehicles

aude wrote:
Tue Sep 25, 2018 10:54 am
I 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: 6082

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: 1261

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: 1261

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: 1650

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: 68
Views: 3085

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: 5876

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: 2142

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: 12307

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: 1021

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: 1021

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: 61
Views: 5965

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: 209
Views: 22369

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: 6532

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: 723

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: 3809
Views: 1077344

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: 2746

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: 20001

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: 5421

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: 7311

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: 12073

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: 4938

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...
by Frugal Al
Tue Feb 13, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: The value of car body repairs/upkeep of older cars?
Replies: 33
Views: 3355

Re: The value of car body repairs/upkeep of older cars?

Do you know why it rusted? Japanese cars are not generally well rust-proofed, but rusting in less than 10 years is unusual. Old reputations die hard, but since the mid to late 90's or so, most of the Japanese manufacturers in the U.S. have been using double side galvanized steel. That took care of ...
by Frugal Al
Tue Jan 30, 2018 2:03 pm
Forum: Personal Consumer Issues
Topic: H&R Block 1099G state tax refund issue
Replies: 15
Views: 1287

Re: H&R Block 1099G state tax refund issue

Thanks jebmke, I'll be patient with it. I did get a good price on it this year.
by Frugal Al
Tue Jan 30, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: H&R Block 1099G state tax refund issue
Replies: 15
Views: 1287

Re: H&R Block 1099G state tax refund issue

Tried H&R Block for the first time this year. After having used both Tax Act and Turbo Tax in the past, which were both easy to use, by comparison Block's desktop version seems very glitchy, with corrections being difficult and/or proforma changes being very "sticky" within the program. It's also re...
by Frugal Al
Wed Jan 17, 2018 7:19 am
Forum: Investing - Help with Personal Investments
Topic: 23 Years Old, Uncomfortable with Target Date Funds
Replies: 19
Views: 2536

Re: 23 Years Old, Uncomfortable with Target Date Funds

Questions: 1. Any thoughts on my decision to opt for the 401a/Defined Contribution option instead of the pension? I get to make this decision again in my fifth year of teaching---when it will be binding. I chose the 401a/DC option for several reasons:... [*]Vulnerability to assault by Republican le...
by Frugal Al
Wed Jan 10, 2018 1:12 pm
Forum: Personal Consumer Issues
Topic: New Honda CRV - first oil change full synthetic?
Replies: 87
Views: 20001

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

Fair enough. But also to be fair, 6k is more frequent than Honda recommends--20-40% more often, to be exact (they recommend 7500-10,000). There's no way they can deny coverage because you didn't go dramatically above their own published maintenance schedule. That's what I'm arguing against. I never...
by Frugal Al
Wed Jan 10, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: Noise in my attic
Replies: 307
Views: 81353

Re: Noise in my attic

We didn’t hear any boom, but the other day we found a box with a few 8mm movie reels and a projector we had never noticed before. They probably belong to the family living here before us. Should I watch them ? Feels like intruding in their lives. Perhaps you should first watch the movie "The Ring."
by Frugal Al
Wed Jan 10, 2018 8:02 am
Forum: Personal Consumer Issues
Topic: New Honda CRV - first oil change full synthetic?
Replies: 87
Views: 20001

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

Fair enough on the oil spec end. But I've confirmed empirically that a 13k OCI is overkill on my chiptuned and abused twin-turbo engine. I therefore find it impossible to believe that 6k in a family-mobile is anything but exceedingly conservative with a quality synthetic. That may well be, David, b...
by Frugal Al
Tue Jan 09, 2018 3:58 pm
Forum: Personal Consumer Issues
Topic: New Honda CRV - first oil change full synthetic?
Replies: 87
Views: 20001

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

They can't assume the use of synthetic oil when they don't specify it as a requirement in the manual. If you want to use synthetic AND have an OCI of 6k, that's up to you. But it's unequivocally overkill, just as a 3k interval would be for conventional oil. They do specify it in the manual, by defa...
by Frugal Al
Sat Jan 06, 2018 4:10 pm
Forum: Personal Consumer Issues
Topic: New Honda CRV - first oil change full synthetic?
Replies: 87
Views: 20001

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

A $60 synthetic oil change at the dealer is a fair price if it includes the filter. You did not get taken. Virtually all quality 0W-20 oil is synthetic or synthetic blend. My daughter thought she'd save a few bucks at an oil change shop on her Honda Element. The shop (it could happen at any of them)...
by Frugal Al
Mon Oct 30, 2017 4:17 am
Forum: Personal Consumer Issues
Topic: Upgrade my Roku?
Replies: 34
Views: 3946

Re: Upgrade my Roku?

I've used a Roku for years. For the money I think it's the best streamer. There has been a significant change (for some) to the Ultra that might concern some potential buyers, and that is the optical SPDIF connection has been dropped from the new Ultra (4660R). The new version is bit less expensive ...
by Frugal Al
Mon Oct 30, 2017 3:48 am
Forum: Personal Consumer Issues
Topic: When the cold wind comes, I go where the dahlias bloom
Replies: 32
Views: 3179

Re: When the cold wind comes, I go where the dahlias bloom

...I'm not sure I could take the politics or lifestyle of Florida or Arizona though... ...I could definitely handle both the politics and lifestyle of Hawaii, but it's a very long flight and very HCOL. What about Chile? Also a long flight but a different and interesting culture, nice park system, a...
by Frugal Al
Wed Sep 20, 2017 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 6425

Re: Online Bill Pay Security: Push or Pull?

I only push using my bank's online bill pay. Pushing though the ACH system is much safer than allowing pulls or writing a checks: https://wallethub.com/edu/ach-payment/11932/
by Frugal Al
Wed Sep 20, 2017 6:13 am
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 5924

Re: Costco vs sams club vs neither.

I've got 2 Costco stores and one Sam's withing 15 minutes of my home. For my consumption pattern, I save more at Sam's. Also, in our area, the meat is better at Sam's, plus I like that I can get individual steaks now, as opposed to six at a time (I hate freezing a good steak). I also like Costco, bu...
by Frugal Al
Tue Jun 27, 2017 4:35 am
Forum: Personal Consumer Issues
Topic: Which Dealer Cost/Invoice does one use?
Replies: 20
Views: 2565

Re: Which Dealer Cost/Invoice does one use?

Another expense incurred by the purchaser which also clouds the true price paid is the doc fee. To properly compare one purchaser's price to another, or to invoice price, especially in different states, doc fees should be included in the cost. Some are quite high, and they are usually state taxable ...
by Frugal Al
Tue Jun 20, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Allianz Vision Deferred Variable Annuity
Replies: 33
Views: 2914

Re: Allianz Vision Deferred Variable Annuity

The promised 8% growth was on the income base and not on the actual investment. Do some research on these and find out how they actually work. I wish you wouldn't just make flippant comments. No one is going to guarantee an 8% growth of principal. Most regular posters here KNOW HOW VA's WORK, and I...
by Frugal Al
Fri Jun 16, 2017 7:28 am
Forum: Personal Consumer Issues
Topic: Turbochargers
Replies: 60
Views: 6491

Re: Turbochargers

For me this is a simple equation. How much gas will I save in 100,000 miles and what will the be the cost to replace the T Charger in 100,000 miles. Yah, I know some of you will say they last over 100,000 miles but I am not going to be bet on it unless it is a Honda or Toyota T Charger. I wonder wh...
by Frugal Al
Tue Jun 06, 2017 8:51 am
Forum: Investing - Help with Personal Investments
Topic: My Variable Annuity [what do I have?]
Replies: 39
Views: 4733

Re: My Variable Annuity [what do I have?]

Given the expenses and opportunity costs that have already been paid over the past 10 years, the small percent this represents of the OP's overall portfolio (10%), and the resultant value of the income base ($179k), which is only useful upon the eventual annuitization with Metlife, I'd keep the prod...
by Frugal Al
Sat May 27, 2017 4:56 am
Forum: Personal Consumer Issues
Topic: Mexican Pacific Beaches
Replies: 58
Views: 6679

Re: Mexican Pacific Beaches

Historical/Natural attractions makes me think of Tulum in Mayan Riviera for the ruins and great beaches. Fly to Cancun and shuttle to Tulum or rent a car which will give you access to Coba and Akumal as well. There are also cenotes in the area for swimming and some have swing ropes that your teen w...
by Frugal Al
Fri May 26, 2017 4:59 am
Forum: Personal Consumer Issues
Topic: Which Small SUV for 15 Year Reliability?
Replies: 92
Views: 14693

Re: Which Small SUV for 15 Year Reliability?

This ain't no term paper. So draw your own conclusions. :sharebeer In the meantime. Don't be distracted while driving. Don't drive drunk. Don't speed. Don't drive recklessly. Slow down in rain and adverse conditions. Don't run red lights/stop signs. Don't tailgate. Don't drive the wrong way. Watch ...
by Frugal Al
Sun May 21, 2017 2:06 pm
Forum: Personal Consumer Issues
Topic: Which Small SUV for 15 Year Reliability?
Replies: 92
Views: 14693

Re: Which Small SUV for 15 Year Reliability?

Not sure what part of the country you live in and what the weather is like there, however the Subaru AWD system blows the AWD systems Honda and Toyota has out of the water. Go to Youtube and search for Subaru AWD comparisons. Not all Subarus have AWD systems that are much superior to the Hondas and...
by Frugal Al
Thu May 18, 2017 2:29 pm
Forum: Personal Consumer Issues
Topic: Which Small SUV for 15 Year Reliability?
Replies: 92
Views: 14693

Re: Which Small SUV for 15 Year Reliability?

I don't know that it's even possible anymore, but I'd try to find something that's non-turbo and non-CVT for long-term reliability. The Mazda CX-5 would fill that bill--a very nice compact SUV (maybe too compact). Another reasonable alternative, albeit getting a bit dated, is the Acura RDX. Despite...
by Frugal Al
Sat Apr 29, 2017 1:31 pm
Forum: Personal Consumer Issues
Topic: A Game of "Who is responsible"
Replies: 45
Views: 4087

Re: A Game of "Who is responsible"

The plumber was negligent on the install. I've put in toilets before, they ALL get tested after the install--crap happens. Faulty products happen in the the normal course of business. The $4 gasket should get doubled in price (or tripled) as it is part of their truck inventory, and they can charge f...
by Frugal Al
Sat Apr 22, 2017 4:16 am
Forum: Personal Consumer Issues
Topic: 2017 Mazda CX-5 vs. 2017 Honda CRV
Replies: 17
Views: 5661

Re: 2017 Mazda CX-5 vs. 2017 Honda CRV

Both the CR-V and the CX-5 received a major model change for 2017. Both are very good, reliable, compact crossover choices. I've driven the CR-V Touring trim on numerous occasions and found it to be nimble, quiet (although a bit droning under hard acceleration), and well designed. Concerns I have ab...
by Frugal Al
Fri Apr 21, 2017 12:52 pm
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 85
Views: 15117

Re: You can never go "home" - retirement

The hometown of one's youth is not just a place, but rather a place and a time . One can no sooner go back to that than they can go back to being the person they were at that time. Some of us are fortunate that we have fond memories of our hometowns--many people don't. There may be good reason to mo...