Search found 5240 matches

by Leesbro63
Tue May 22, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: Time For New Car?
Replies: 34
Views: 2339

Re: Time For New Car?

I would replace the car for safety reasons. Get a car with automatic braking, lane swerve prevention and whatever else is out there.
by Leesbro63
Mon May 14, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: FINCON...other Boglehead-Type Groups
Replies: 5
Views: 856

Re: FINCON...other Boglehead-Type Groups

Who knew? Yes, many of us are not as “frugal oriented” as Mr. Money Mustache and similar sites. My guess is that “we” are more “Babyboomer oriented”, with the goal of a traditional, but very secure retirement. While these groups are Millenials who have been scarred by coming of age in the Great Rece...
by Leesbro63
Sun May 13, 2018 2:24 pm
Forum: Personal Consumer Issues
Topic: Cars similar to Toyota Corolla LE that I should consider for purchase?
Replies: 26
Views: 2064

Re: Cars similar to Toyota Corolla LE that I should consider for purchase?

SimonJester wrote:
Sat May 12, 2018 10:38 pm
There are two other choices, a Corolla XLE or the Corolla CE (now the corolla L) . You could of course splurge on a Camry as well and that would be acceptable.
I think the 2018 choices are Corolla L, LE and SE
by Leesbro63
Sun May 13, 2018 2:24 pm
Forum: Personal Consumer Issues
Topic: Cars similar to Toyota Corolla LE that I should consider for purchase?
Replies: 26
Views: 2064

Re: Cars similar to Toyota Corolla LE that I should consider for purchase?

Mazda 3 might be another option. Yes. We just bought a 2018 Mazda 3 Touring for my wife. Paid $20,250 "out the door" and it's being delivered to our doorstep on Monday for no extra cost. It's a top safety pick and according to Consumer Reports very reliable. I think the Corolla now comes with a CVT...
by Leesbro63
Sun May 13, 2018 2:16 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 2945

Re: Muni bondholders vs. pensions

Be careful about taking comfort in diversification. Underfunded pensions are not isolated to just a few issuers. It's a very widespread issue with varying degrees of severity. I don't know what's going to happen, but I would be far more concerned about a big wave of defaults than a few isolated def...
by Leesbro63
Sun May 13, 2018 2:13 pm
Forum: Personal Consumer Issues
Topic: Sumitomo Tires
Replies: 8
Views: 1140

Sumitomo Tires

Researching tires for a family members' 2014 Honda CRV AWD in Indianapolis. The original Bridgestone Dueler HP Sport A/Stires (25,000 miles) did not do well in snow and ice this past winter. Oddly, it seems from Tire Rack ratings that Sumitomo Encounter HT tires are better than anything Michelin I c...
by Leesbro63
Sun May 13, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: FINCON...other Boglehead-Type Groups
Replies: 5
Views: 856

FINCON...other Boglehead-Type Groups

I came across the MAD FIENTIST, with "FI standing for "financial independence". From his podcoasts, I learned about a few others similar to him and already knew about Mr. Money Mustache. It seems that there is a whole sub-culture growing out there that are basically the next generation Bogleheads, o...
by Leesbro63
Sat May 12, 2018 9:39 am
Forum: Forum Issues and Administration
Topic: Found cause of posts getting lost (not posted)
Replies: 13
Views: 1056

Re: Found cause of posts getting lost (not posted)

Sometimes, if I want to reply to a post “just above”, I’ll “submit” after just a few words. To hold my place. Then edit it to finish my comments.
by Leesbro63
Fri May 11, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6520

Re: Factors Suggesting One Should Buy SPIA

Not true...TIPS are inflation protected. You can argue about the nuances in the definition of inflation, but by defintion it’s an inflation protected USA treasury security. But for taxable accounts, even TIPS are subject to "taxflation" if the very thing TIPS insures against ever comes rip-roaring ...
by Leesbro63
Fri May 11, 2018 10:34 am
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 2945

Re: Muni bondholders vs. pensions

I’ve been following this too. I wonder if other courts have protected the bond holders over the pensioners?
by Leesbro63
Fri May 11, 2018 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6520

Re: Factors Suggesting One Should Buy SPIA

If annuity income limits or prevents Medicaid, so what? The person or nursing home will just get income from the annuity instead of Medicaid.
by Leesbro63
Thu May 10, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 42
Views: 4586

Re: Best cash-back credit card right now?

If you buy a lot of gas, the no-fee Sam's Club Mastercard gives 5% back on all gas, all the time, at any gas station. Plus 3% back on T&E...so I use that card for gas and restaurants/hotels. Citi's no-fee card for 2% back on everything else. And one final card, the Chase Sapphire Preferred, at $95/y...
by Leesbro63
Thu May 10, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: How to pass life insurance proceeds from my parents' second to die policy on to my children tax free?
Replies: 17
Views: 1067

Re: How to pass life insurance proceeds from my parents' second to die policy on to my children tax free?

After thinking about this, I agree with the above post. If the beneficiary designation can be set up so that the children of the policyholders are primary, per stirpes, then I'd do it that way, allowing a disclaimer to pass the money to grandchildren at the discretion of the the "child" making the d...
by Leesbro63
Thu May 10, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6520

Re: Factors Suggesting One Should Buy SPIA

As a side issue, does anyone think SPIAs with an annual fixed bump of 1 or 2% (not COLA (inflation) based) are worth it? I know Fidelity has these. I somehow think the reduced payment in these low-interest environments argues against this and you would be better off re-investing the extra amount ea...
by Leesbro63
Thu May 10, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: How to pass life insurance proceeds from my parents' second to die policy on to my children tax free?
Replies: 17
Views: 1067

Re: How to pass life insurance proceeds from my parents' second to die policy on to my children tax free?

Check with your insurer. Sometimes they will let you submit a beneficiary letter that names each primary beneficiary, per stirpes. This will allow each beneficiary to accept the inheritance or to disclaim his/her portion to his/her own children, without regard to what the other beneficiaries do. You...
by Leesbro63
Wed May 09, 2018 9:39 am
Forum: Personal Consumer Issues
Topic: Recommendation For Shirts
Replies: 36
Views: 2321

Re: Recommendation For Shirts

The shirts you've been buying are probably fitted or slightly fitted. Go to the men's shirt section at LLBean.com. You'll notice that all the shirt descriptions say either "traditional fit," "slightly fitted," "fitted," or "slim fitted." You want "traditional fit," which is relaxed in the chest, ar...
by Leesbro63
Tue May 08, 2018 2:05 pm
Forum: Personal Consumer Issues
Topic: Recommendation For Shirts
Replies: 36
Views: 2321

Re: Recommendation For Shirts

bloom2708 wrote:
Tue May 08, 2018 12:13 pm
Keep your old favorite shirts and buy some running shoes or a bicycle. :wink:
I am the OP and I hear you! It seems that no matter what I do, however, the middle is pudgier as I approach age 60 😏
by Leesbro63
Tue May 08, 2018 10:11 am
Forum: Personal Consumer Issues
Topic: Recommendation For Shirts
Replies: 36
Views: 2321

Re: Recommendation For Shirts

The shirts you've been buying are probably fitted or slightly fitted. Go to the men's shirt section at LLBean.com. You'll notice that all the shirt descriptions say either "traditional fit," "slightly fitted," "fitted," or "slim fitted." You want "traditional fit," which is relaxed in the chest, ar...
by Leesbro63
Tue May 08, 2018 10:10 am
Forum: Personal Consumer Issues
Topic: Recommendation For Shirts
Replies: 36
Views: 2321

Re: Recommendation For Shirts

Sounds like you tend to stick with what works… in that case below are my recommendations from least to most expensive, note they are all oxford cotton button down shirts (OCBD) in solid colors (white, blue, yellow) as a baseline: Lands End Hyde Park Supima: $30-50 / shirt https://www.landsend.com/p...
by Leesbro63
Tue May 08, 2018 9:32 am
Forum: Personal Consumer Issues
Topic: Recommendation For Shirts
Replies: 36
Views: 2321

Re: Recommendation For Shirts

The shirts you've been buying are probably fitted or slightly fitted. Go to the men's shirt section at LLBean.com. You'll notice that all the shirt descriptions say either "traditional fit," "slightly fitted," "fitted," or "slim fitted." You want "traditional fit," which is relaxed in the chest, ar...
by Leesbro63
Tue May 08, 2018 9:17 am
Forum: Personal Consumer Issues
Topic: Recommendation For Shirts
Replies: 36
Views: 2321

Recommendation For Shirts

For years I've been buying button down Ralph Lauren Polo shirts at the local outlet store. Might not seem very Bogleheadish at first, but with coupons and sales and using the outlet, they're not that much more than Mr. Mustachian type shirts (well, OK, maybe more than THAT). Anyway, I'm small build ...
by Leesbro63
Sun May 06, 2018 8:31 pm
Forum: Investing - Theory, News & General
Topic: Natural Life Expectancy
Replies: 17
Views: 1382

Re: Natural Life Expectancy

I am the original poster. That being said, let’s not venture into stuff that violates board policy. Along those lines, do we know what life expectancy was, say, 1000 years ago?

EDIT: I cross posted with the above post. Great post, Nisiprius. Exactly what I wanted to know.
by Leesbro63
Sun May 06, 2018 7:22 pm
Forum: Investing - Theory, News & General
Topic: Natural Life Expectancy
Replies: 17
Views: 1382

Natural Life Expectancy

I put this in "investment theory" because I want to know, as related to "how long to plan for", this question: Before the industrial revolution...maybe even way before, what was/is the natural life expectancy? How long did people live before the modern era? I know it's an oddball question, but I'm j...
by Leesbro63
Fri May 04, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit
Replies: 180
Views: 17363

Re: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit

It's entirely possible that they're not so disorganized and this is just their way to try to pressure you into fixing this for them by finding a cosigner. They're acting like it's an emergency that only you can fix, when it's really a problem that they created by not reading your husband's credit r...
by Leesbro63
Fri May 04, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit
Replies: 180
Views: 17363

Re: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit

Agree. Time is on our original poster’s side. I do think, st this point, that I’d insist on ONLY talking with someone in authority. They might be playing the “left hand doesn’t know what the right hand is doing” game to try to get you to do what they want. Insist that you only talk to the same perso...
by Leesbro63
Fri May 04, 2018 10:45 am
Forum: Personal Consumer Issues
Topic: What Happens When A Car Dealer Goofs?
Replies: 12
Views: 2350

Re: What Happens When A Car Dealer Goofs?

Jack FFR1846 wrote:
Fri May 04, 2018 7:47 am
I'd love to be on the phone listening. Hello, GM.....we're too incompetent to calculate a price for a supplier. GM: "hahahahahaha....what a maroon".
Sounds more like a moron than a maroon. :)
by Leesbro63
Thu May 03, 2018 1:13 pm
Forum: Personal Consumer Issues
Topic: What Happens When A Car Dealer Goofs?
Replies: 12
Views: 2350

What Happens When A Car Dealer Goofs?

Following up on another current post regarding a car dealer who rolled the metal then, a few days later, realized there was a goof requiring a co-signer. I'm curious what happens internally? Do car dealers have the ability to assume some of the liability on a loan that a bank won't make otherwise? O...
by Leesbro63
Wed May 02, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit
Replies: 180
Views: 17363

Re: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit

Just curious what happens behind the scenes here. In a case like this, is there an option for the dealer to assume some of the liability if the borrower defaults? Or to agree to discount the loan to the lender by some additional amount? In other words, does the dealer have the discretion to say to t...
by Leesbro63
Tue May 01, 2018 4:26 pm
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 156
Views: 15716

Re: Trinity Study updated to 2018

I'm very skeptical of the "retirees spend less" thing FOR BOGLEHEADS. Most of us will, certainly by retirement age, be fairly well off. I'm getting at HEALTHCARE. Past retirees all paid about the same thing (low fixed cost) for healthcare. Current retirees pay much more if they are affluent, but sti...
by Leesbro63
Mon Apr 30, 2018 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 139
Views: 12943

Re: New Car: Ever make sense to lease?

Maybe I got confused as to who said what. But someone said: "Leasing a POPULAR car is a huge mistake as many dealers will lease at 125% of MSRP. Never lease a popular or high demand vehicle. Better to own." I am saying the opposite of this. That the fact that a vehicle is popular, generally means it...
by Leesbro63
Mon Apr 30, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 139
Views: 12943

Re: New Car: Ever make sense to lease?

Most important aspect of a lease is the money factor and residual value. the money factor impacts the finance charge and the residual ,selling price , and term determine the depreciation charge ; currently money factors are very small and the depreciation charge takes the lion's share of the monthl...
by Leesbro63
Mon Apr 30, 2018 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Gift Question [Gift Tax]
Replies: 30
Views: 1674

Re: Gift Question [Gift Tax]

I don’t think any gifts to grandchildren of the donor can be used by the children of the donor. I guess there is a case that can be made that the kids benefit, but I would think that there would be problems with this.
by Leesbro63
Wed Apr 25, 2018 3:59 pm
Forum: Personal Consumer Issues
Topic: New car pickup today.
Replies: 48
Views: 3216

Re: New car pickup today.

About 5 years ago, my daughter bought a new Honda CRV with my assistance. I shopped the best price for the 10 year Honda warranty by using online bulletin boards. About $1100 I think. At that price, I felt it worthwhile. I took the best price to the selling dealer and offered to buy it as part of th...
by Leesbro63
Wed Apr 25, 2018 11:10 am
Forum: Investing - Theory, News & General
Topic: Another Warren Buffett S&P 500 Recommendation
Replies: 76
Views: 7286

Re: Another Warren Buffett S&P 500 Recommendation

I think Buffett’s continual reference to “the S&P500” is generational. But can be understood to be Vanguard Total Market. It’s like how older people refer to “Hospitalization” (health insurance) “Stewardess” (flight attendant) and “trousers”.
by Leesbro63
Tue Apr 24, 2018 8:04 pm
Forum: Personal Consumer Issues
Topic: Negotiating for a new Toyota.[my fault comparing apples and oranges]
Replies: 34
Views: 3018

Re: Negotiating for a new Toyota.[my fault comparing apples and oranges]

My dealer (not Toyota) didn't allow negotiating (permanent dealer policy), but gave me a $500 discount for going with a color that the manager wanted to move. Then why is he/she your dealer? Are you THAT loyal to spend maybe thousands more because a dealer told you they don’t negotiate? This makes ...
by Leesbro63
Tue Apr 24, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance Changing Lifestyle
Replies: 79
Views: 9617

Re: Inheritance Changing Lifestyle

With regard to the charity thing: why not do the Warren Buffett approach? Give nothing (ok, a little) now, enjoy the income from an increasing principal amount (even after drawing out the 2-3% income) and leave more to charity when you die. As W.B. figures out years ago: charities will still need mo...
by Leesbro63
Mon Apr 23, 2018 6:57 am
Forum: Investing - Theory, News & General
Topic: Floating Net Worth w/ VT after 5 Years
Replies: 52
Views: 6516

Re: Floating Net Worth w/ VT after 5 Years

The “go to” stock fund for Bogleheads has been Vanguard Total Market (USA). Vanguard Total World makes sense to me. What would be the argument against it (in other words, sticking with Vanguard Total Market/stocking with USA vs World).
by Leesbro63
Tue Apr 17, 2018 4:47 pm
Forum: Investing - Theory, News & General
Topic: How Warren Buffett Won His Multi-Million Dollar Long Bet
Replies: 27
Views: 3537

Re: How Warren Buffett Won His Multi-Million Dollar Long Bet

Very interesting read. One question though for the Total market gurus here: Why does one of the most successful investors in the world, repeatedly stress (in his 2018 annual letter) that one should invest in the American economy for the long term, specifically the S&P 500. He never once mentions in...
by Leesbro63
Tue Apr 17, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another CP2000 for Roth IRA conversion thread
Replies: 14
Views: 1343

Re: Yet another CP2000 for Roth IRA conversion thread

I had something very similar happen a few years ago. I just returned the CP2000, by certified mail, with a note that I believed "everything was filed properly as per the attached". And attached a copy of Forms 1040 and 8606 with the pertinent areas circled in red Sharpie. I got a "get out of jail fr...
by Leesbro63
Tue Apr 17, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Relative Never Took RMDs on Inherited IRA From 2004
Replies: 19
Views: 2570

Re: Relative Never Took RMDs on Inherited IRA From 2004

I have never heard of an instance where the IRS assessed the 50% penalty tax either proactively or as a result of a denial of a waiver request on Form 5329. If it ever happens it is rare. I had an opportunity recently to speak briefly with a former IRS Commissioner and asked him about this, that is...
by Leesbro63
Tue Apr 17, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Relative Never Took RMDs on Inherited IRA From 2004
Replies: 19
Views: 2570

Re: Relative Never Took RMDs on Inherited IRA From 2004

What if you distributed the entire IRA now? After you get done with 13 years of distributions, the amount left might not be worth the hassle going forward. If you did that, you could still appeal to the IRS for a waiver of the penalty, as you've taken all possible RMDs as part of liquidating the acc...
by Leesbro63
Mon Apr 16, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: High Mileage Car Lease
Replies: 14
Views: 839

Re: High Mileage Car Lease

If you really need to lease and burn miles, you can simply get the cheapest lease contract then sell your car prior to your return to the dealer. The mileage would be irrelevant except the cost you will get when you sell it. The depreciation should be less than the mileage overage penalty. But hone...
by Leesbro63
Mon Apr 16, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: High Mileage Car Lease
Replies: 14
Views: 839

Re: High Mileage Car Lease

If you really need to lease and burn miles, you can simply get the cheapest lease contract then sell your car prior to your return to the dealer. The mileage would be irrelevant except the cost you will get when you sell it. The depreciation should be less than the mileage overage penalty. But hone...
by Leesbro63
Mon Apr 16, 2018 1:34 pm
Forum: Personal Consumer Issues
Topic: High Mileage Car Lease
Replies: 14
Views: 839

Re: High Mileage Car Lease

You can buy extra miles at the time of the lease. The actual cost will vary depending in what you are keasing. I think that is cheaper per mile than having to pay for going over the mileage allowance at the end of a lease. The trick, if course, is only paying for the extra miles that you’ll actuall...
by Leesbro63
Mon Apr 16, 2018 1:13 pm
Forum: Personal Consumer Issues
Topic: High Mileage Car Lease
Replies: 14
Views: 839

High Mileage Car Lease

I'm wondering if there are such things as 20,000 per year car leases, for say a Corolla or Camry? And is a lease for that kind of mileage practical/a decent value? I totally get it that leasing is usually more expensive than buying and not a Boglehead thing to do. But putting that aside, I guess I'm...
by Leesbro63
Sat Apr 14, 2018 4:27 pm
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 156
Views: 15716

Re: Trinity Study updated to 2018

Taylor had the great luck to retire in 1982. What about the Taylors of 1966 and 1939?
by Leesbro63
Fri Apr 13, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Taxes: Do you have to pay in equal installments?
Replies: 45
Views: 9482

Re: Estimated Taxes: Do you have to pay in equal installments?

None of this is as onerous now that interest rates are near zero for short term money. It becomes more important when rates are high and there’s a real cost to paying too much too soon.
by Leesbro63
Fri Apr 13, 2018 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Credit If Filing After Apr 17
Replies: 10
Views: 459

Re: Federal Tax Credit If Filing After Apr 17

Thank you all for teasing out the answer. I’m glad we were able to confirm that this refund is applied to the first quarter estimated payment.
by Leesbro63
Fri Apr 13, 2018 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Credit If Filing After Apr 17
Replies: 10
Views: 459

Re: Federal Tax Credit If Filing After Apr 17

I agree it’s a reasonable conclusion and I thank you for trying to help me confirm this. But it’s not clear that this actually confirms it.
by Leesbro63
Fri Apr 13, 2018 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Credit If Filing After Apr 17
Replies: 10
Views: 459

Re: Federal Tax Credit If Filimg After Apr 17

I did some web research but could not find an answer to this specific question. However, I pulled up this years TurboTax and checked out how I would record the application of last years tax refund to this years return. It turns out that the only question I am asked to accomplish this is the amount ...