Search found 424 matches

by adam1712
Mon Nov 18, 2019 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Just learned something about HSAs and independent children that I did not know
Replies: 36
Views: 3538

Re: Just learned something about HSAs and independent children that I did not know

I would suggest she cash flow medical expenses and invest the HSA as if it were her Roth. If she's not maxing out retirement accounts, she may as well withdraw from the HSA for medical expenses and contribute that money to a Roth. She gets the tax benefit of the HSA contribution but now tax-free gr...
by adam1712
Mon Nov 11, 2019 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: What is reasonable HOA reserve?
Replies: 13
Views: 1294

Re: What is reasonable HOA reserve?

A reserve study should be done. It's also important that the study makes sure the reserves are in line with FHA condo lending standards as this will make it easier for owners to sell in the future.
by adam1712
Sun Nov 03, 2019 4:03 pm
Forum: Personal Consumer Issues
Topic: Water damage incident is giving me heartburn - please help
Replies: 14
Views: 2015

Re: Water damage incident is giving me heartburn - please help

I plan on raising some [ruckus] with the HOA to see what they are willing to do. Perhaps if I twist their arm a bit they will at least concede on the deductible. There have been several cases of burst pipes on the property, I am not the first to deal with this. What will contacting the other condo ...
by adam1712
Thu Oct 17, 2019 9:26 pm
Forum: Personal Consumer Issues
Topic: Are Really Large Battery Brands Fungible?
Replies: 29
Views: 3327

Re: Are Really Large Battery Brands Fungible?

Wow – thanks for all the helpful responses. A few things: (1) The existing batteries aren’t dead. Basically, if I unplug the sump pump (to simulate a power outage) the batteries last about 12 hours. I figure that is a sufficiently small amount of time that they are worth replacing (I think they are...
by adam1712
Thu Oct 17, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Legacy/Inheritance
Replies: 61
Views: 6642

Re: Legacy/Inheritance

I am in no way qualified to give you financial advice and I will not do so. However, I'd like to offer you my admiration that you've been able to live a lifestyle in which your kids don't know their parents are worth tens of millions of dollars. That's pretty remarkable. If this is indeed the case,...
by adam1712
Mon Oct 14, 2019 7:54 pm
Forum: Personal Consumer Issues
Topic: Doctors charging for things outside of insurance, is this Kosher?
Replies: 55
Views: 5575

Re: Doctors charging for things outside of insurance, is this Kosher?

Infertility treatment clinics operate very differently from many other medical specialties. I doubt insurance would do anything if reported but that's just a guess. Missed appointment fees are typically allowed but I agree this is a bit of a loophole. I would guess most patients see it as a fair way...
by adam1712
Sun Oct 13, 2019 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Seller misrepresented fulfillment of defect fixes - next steps? sue?
Replies: 55
Views: 5065

Re: Seller misrepresented fulfillment of defect fixes - next steps? sue?

Did you have a home inspection and report before negotiating the defects to be repaired? Is the lining mentioned there? Was there a final walk-through before closing? Yes, full inspection. Inspection mentions that the flu needed to be inspected and repaired and the seller agreed to do it.The chimne...
by adam1712
Fri Oct 11, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Seller misrepresented fulfillment of defect fixes - next steps? sue?
Replies: 55
Views: 5065

Re: Seller misrepresented fulfillment of defect fixes - next steps? sue?

Did you have a home inspection and report before negotiating the defects to be repaired? Is the lining mentioned there?

Was there a final walk-through before closing?
by adam1712
Thu Oct 10, 2019 12:29 pm
Forum: Investing - Theory, News & General
Topic: Artificial Intelligence and the stock market
Replies: 65
Views: 6617

Re: Artificial Intelligence and the stock market

Impossible to know. I think it does have large potential for the stock market and the general economy. The effects in the small domain of trading I expect to be minimal. If I had to guess, AI and automation will follow a similar trajectory to the internet. A potential bubble like 2000 but slowly and...
by adam1712
Mon Sep 30, 2019 12:58 am
Forum: Personal Finance (Not Investing)
Topic: Ideal income bracket target?
Replies: 49
Views: 5032

Re: Ideal income bracket target?

If you convert up to 24%, you end up with the money in a ROTH. If you wait for RMDs to take it out at 22%, the money ends up in taxable. If you are leaving your money to heirs, tax drag over 30+ years will definitely cost you more than 2%. If you end up in the 12% range, it could be interesting. De...
by adam1712
Sun Sep 29, 2019 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Ideal income bracket target?
Replies: 49
Views: 5032

Re: Ideal income bracket target?

This is the OP. If one is Roth converting up to the 22% bracket, doesn't it make sense to continue to Roth convert all the way to the 24% bracket since it is not much of an increased marginal rate? Thanks. gasdoc If you're confident you'll be in the 22% bracket for life, then sure it won't cost muc...
by adam1712
Sat Sep 28, 2019 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Ideal income bracket target?
Replies: 49
Views: 5032

Re: Ideal income bracket target?

If the tax rates are progressive with more income being taxed at a higher marginal rate, the correct answer is you want to be in the same tax bracket each year. This is true for most US income taxes but there are a few exceptions with phase outs and subsidies. My observation is a large majority of t...
by adam1712
Wed Sep 18, 2019 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Condo HOA in disclosure $35 more than MLS
Replies: 12
Views: 1027

Re: Condo HOA in disclosure $35 more than MLS

You could consider including something in the demands following inspection. Like $420 towards closing costs for one year of the increased fees. The seller can do whatever they want and it depends on how hot the market is. But sometimes it's nice to have a couple things to negotiate with in the inspe...
by adam1712
Sat Sep 14, 2019 12:08 pm
Forum: Personal Consumer Issues
Topic: Do you trust Microsoft updating your Windows 7 machine?
Replies: 122
Views: 6634

Re: Do you trust Microsoft updating your Windows 7 machine?

There's no way I'd value trying to prevent Microsoft obsolescence over keeping up with potential security threats. Unfortunately, if you plan to be connected to the internet, nothing stays perfectly good forever. Fortunately, the computer OS world has matured a lot and the cycle of obsolescence has ...
by adam1712
Wed Jul 24, 2019 2:38 pm
Forum: Personal Consumer Issues
Topic: Someone at Citibank signed up for an account, then listed my email address..
Replies: 31
Views: 2405

Re: Someone at Citibank signed up for an account, then listed my email address..

I had the same experience about 12 months ago with a different credit card company. I tried to call once, got nowhere, and now just ignore the emails.

I don't think there's really any liability to you. Your email address is not associated with your credit report or any other financial data.
by adam1712
Wed Jul 24, 2019 2:19 pm
Forum: Personal Consumer Issues
Topic: Car Check Engine Light
Replies: 29
Views: 1546

Re: Car Check Engine Light

Auto parts stores like Autozone or Advance Auto also typically have an ODB-II reader you can borrow to go read the codes on your car in the parking lot.
by adam1712
Wed Jul 24, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Creative, "outside the box" to lower auto expenses?
Replies: 63
Views: 3820

Re: Creative, "outside the box" to lower auto expenses?

I don't drive many miles per year and have had good luck buying high-mileage 2-3 year old used cars. I generally see people talking about low-mileage used cars. But if you don't drive much, I think there's very little difference in buying higher-mileage cars. I find most things that wear out tend to...
by adam1712
Tue Jul 23, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Family Fraud
Replies: 45
Views: 5160

Re: Family Fraud

You're not going to solve this alone. You can only take care of yourself. I think you should consider counseling/mediation with your mother to be able to voice your concerns and to encourage her to obtain professional legal or financial advice to make an estate plan and secure her remaining assets. ...
by adam1712
Mon Jul 22, 2019 6:49 am
Forum: Investing - Theory, News & General
Topic: How long is too long trying to rebalance with contributions?
Replies: 21
Views: 1934

Re: How long is too long trying to rebalance with contributions?

I use a 12-month time horizon and re-balance monthly. My steps are: 1) I calculate the gap between actual stocks/bonds and desired AA. 2) Determine if my next 12 months of new contributions will get me back to my AA. 3) If I won't make it with new contributions, I move 1/12 of the amount I'll be sho...
by adam1712
Wed Jul 17, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Do I need a transaction free credit card for Ireland?
Replies: 70
Views: 3274

Re: Do I need a transaction free credit card for Ireland?

Capital One Quicksilver Cash Rewards would be an easy choice. That's a $150 signup bonus. Capital One doesn't charge foreign transaction fees on any cards that I'm aware of. The other companies often have travel cards that don't have foreign fees. And you can often redeem miles for dollars, it's jus...
by adam1712
Sat Jul 13, 2019 9:01 am
Forum: Personal Consumer Issues
Topic: How to park in northern Europen countries?
Replies: 29
Views: 2385

Re: How to park in northern Europen countries?

Won''t try to dissuade you from renting a car: just don't be surprised that gas costs 2-3 times what you're used to. You might think twice about renting a really large car (e.g., SUV). European highways are generally less pothole laden than ours, but navigating/parking in most city or town centers ...
by adam1712
Sat Jul 13, 2019 8:46 am
Forum: Personal Consumer Issues
Topic: How to park in northern Europen countries?
Replies: 29
Views: 2385

Re: How to park in northern Europen countries?

I've always rented cars for my trips to Europe as we like to get to the countryside but I only typically do it for between cities. I also often get a hotel close to a train station or airport not in the city center which is much more likely to have ample parking.
by adam1712
Wed Jul 10, 2019 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: If there are no close or trusted relatives close by, who will care for you, pay your bills, etc.
Replies: 140
Views: 12302

Re: If there are no close or trusted relatives close by, who will care for you, pay your bills, etc.

At my church, my pastor also serves a bit as a matchmaker with finding and suggesting to younger, healthy retirees and other adults the older retirees who need help. Again with an implicit assumption it will be paid forward. So if you have a faith community it's perhaps worth thinking about asking ...
by adam1712
Wed Jul 10, 2019 11:25 am
Forum: Personal Finance (Not Investing)
Topic: If there are no close or trusted relatives close by, who will care for you, pay your bills, etc.
Replies: 140
Views: 12302

Re: If there are no close or trusted relatives close by, who will care for you, pay your bills, etc.

I think every situation is unique but I think being aware and seeking community and a team approach is good. My grandmother lived far away from family and relied heavily on a couple friends in a retirement community. While they were all sort of in the same boat, there tended to be a point where thin...
by adam1712
Thu Jul 04, 2019 10:07 am
Forum: Personal Consumer Issues
Topic: Reservations about purchasing a 16 year old house
Replies: 65
Views: 5546

Re: Reservations about purchasing a 16 year old house

Assuming you will live in a home 10+ years, any home you buy is going to need maintenance, and at least some of those systems will fail. In a 16 year old home, I would indeed price in the fact that most of the builder grade systems in the house are nearing the end of their life. Maintenance is part...
by adam1712
Wed Jul 03, 2019 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Adult son has not controlled credit card overuse!
Replies: 106
Views: 6849

Re: Adult son has not controlled credit card overuse!

My general advice would be to mostly stay out of it. But I would consider the expectations he might be putting on himself from observing you. Kids often want to please their parents and parents often want their kids better off. I think Boglehead parents can often make money management look effortles...
by adam1712
Fri Jun 28, 2019 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Pursued the wrong career?
Replies: 37
Views: 7165

Re: Pursued the wrong career?

I'm in a somewhat similar position to you. I would say there's two redflags in your post: 1) I'd recommend not falling for the grass is always greener mentality by blaming things on bureaucracy. Bureaucracy is everywhere. Bureaucracy is often the worst part but it's more painful when you don't like ...
by adam1712
Wed Jun 26, 2019 5:19 pm
Forum: Investing - Theory, News & General
Topic: TIPS bond funds have provided less inflation protection than nominal treasuries recently
Replies: 23
Views: 1666

Re: TIPS bond funds have provided less inflation protection than nominal treasuries recently

According to this Vanguard white paper, short term TIPS have an historical correlation of 0.48 with CPI, while intermediate TIPS correlate 0.32. So, we have just 23% and 10% of the variance in CPI in common with ST and IT TIPs respectively. Hardly a slam-dunk for either one, if you're looking for a...
by adam1712
Thu Jun 20, 2019 3:48 am
Forum: Personal Investments
Topic: Pay Down Mortgage vs. Investing
Replies: 10
Views: 1827

Re: Pay Down Mortgage vs. Investing

My understanding is colleges will ask if you own investment properties. If you keep the net value of the property at X-$118K, the school will view that as an asset available to pay for college. The property you own outright, I'm assuming is your personal residence/business (farm). How much does the...
by adam1712
Tue May 28, 2019 6:41 pm
Forum: Investing - Theory, News & General
Topic: How can I check my portfolio as little as possible?
Replies: 69
Views: 3580

Re: How can I check my portfolio as little as possible?

I honestly think it is better to check on a regular schedule. It's going to be difficult to never check when the markets are down significantly and it's all over the news. Setting yourself up to check on a fixed schedule gets you more used to the market fluctuations and better prepared to see a down...
by adam1712
Wed May 22, 2019 2:25 pm
Forum: Personal Consumer Issues
Topic: Frustration dealing with contractors....am I doing something wrong?
Replies: 43
Views: 4759

Re: Frustration dealing with contractors....am I doing something wrong?

I have heard several different contractors complaining about working with "difficult clients." I have no doubt that (at least those particular) contractors will work more readily with a laid-back customer if given a choice. Maybe part of the issue is us??? I see the same thing with accountant threa...
by adam1712
Wed May 15, 2019 10:44 am
Forum: Investing - Theory, News & General
Topic: Should one diversify into annuities and not bonds?
Replies: 18
Views: 2122

Re: Should one diversify into annuities and not bonds?

... 1. The mortality credits means that these contracts do not benefit your heirs or any charities in your estate. You might care a lot about this, and if so annuities are a poor choice. ... The flip side is someone might want to leave the same amount to their heirs whether they die young or die ol...
by adam1712
Fri May 10, 2019 2:16 pm
Forum: Personal Consumer Issues
Topic: Used cars: Age, mileage, condition
Replies: 16
Views: 1481

Re: Used cars: Age, mileage, condition

I've had very good luck with my last two vehicles being 2-3 years old with high mileage (60,000-90,000 miles). I only drive about 4000 miles per year. With modern cars, I think it's very hard for somebody to not take care of a car in the first couple years as there's just not that much maintenance t...
by adam1712
Tue May 07, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Educational pathway(s) for future engineer
Replies: 89
Views: 4560

Re: Educational pathway(s) for future engineer

My recommendation is focus on freshman year and don't get the cart too far ahead of the horse. My advice: get good grades, pick one extracurricular activity to get involved with that will progress to future leadership, find one purely fun social thing to do regularly, and actually talk to professors...
by adam1712
Wed May 01, 2019 11:37 am
Forum: Personal Finance (Not Investing)
Topic: 5/5 ARM or 30yr-fixed?
Replies: 25
Views: 2104

Re: 5/5 ARM or 30yr-fixed?

Agree with your other point about investing in stock market the return not being guaranteed; but a reasonable 50:50 portfolio is expected to at least keep pace with the inflation over 20 years which is all what the OP needs. There's also the saying "Never bear too much risk or too little risk" ... ...
by adam1712
Mon Apr 29, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: The wisdom of prepaying notes (car, home, etc.)
Replies: 38
Views: 3005

Re: The wisdom of prepaying notes (car, home, etc.)

Being 100% stocks in investments and keeping long-term loans is more risk than I would take. But it's up to you as long as you understand the risk. I'm almost 100% stocks in my investments but I'm aggressive in paying down mortgages and don't have car loans. I do this for a couple reasons. 1) The ri...
by adam1712
Thu Apr 25, 2019 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Advising financially unsavvy family on windfall
Replies: 77
Views: 6126

Re: Advising financially unsavvy family on windfall

The only advice I'd give to someone is to go slow and do things in moderation. And if they ask, I don't think it hurts to tell them you plan to do things slowly and need to research what you're going to do. Even say an inheritance like this is a little overwhelming. I'd guess there are many people h...
by adam1712
Wed Apr 24, 2019 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Examples of financial accounting rules not applicable to personal finance?
Replies: 60
Views: 3058

Re: Examples of financial accounting rules not applicable to personal finance?

I'd say almost all accounting principles are applicable if you want to do it, but many are unnecessary or irrelevant in most cases. Accounting allows businesses to compare between different parts of the business, report to shareholders, and properly do their taxes. It's complexity is necessary to ma...
by adam1712
Tue Apr 23, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing credit card airline points
Replies: 79
Views: 4333

Re: Optimizing credit card airline points

delamer, First, we use regular AAdvantage points from the CitiCard (MasterCard, in our case). I don't understand the "Thank You Points" and haven't bothered to learn those details. Second, I am rather suddenly reading that some of the airlines' awards programs are changing to "dynamic pricing" of a...
by adam1712
Mon Apr 22, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: At a crossroads on how much to put down towards new home
Replies: 32
Views: 2484

Re: At a crossroads on how much to put down towards new home

There's no reason to consider the future price changes of the house when deciding how much money to put down. You'll be paying the same amount on the mortgage no matter what (unless you're going to walk away and let the bank foreclose in the future which seems highly unlikely). Personally, I'd go wi...
by adam1712
Sat Apr 20, 2019 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing credit card airline points
Replies: 79
Views: 4333

Re: Optimizing credit card airline points

In anticipation of full retirement and more travel, I want to look into getting a couple credit cards in order to accumulate airline points. I doubt that we’ll become frequent fliers, but probably will do one big international trip and one US/Caribbean trip per year. I’d say the main goal is to be ...
by adam1712
Thu Apr 18, 2019 12:28 pm
Forum: Investing - Theory, News & General
Topic: Reverse Mortgage for Sequence of return risk
Replies: 30
Views: 1550

Re: Reverse Mortgage for Sequence of return risk

OK, that makes more sense. It seems to me though that it would make sense to dip into home equity for consumption only after consuming all the bonds already held in the portfolio. Most AA plans call for holding bonds throughout retirement. So I assume that it would take a long and powerful bear mar...
by adam1712
Mon Apr 01, 2019 1:41 pm
Forum: Personal Consumer Issues
Topic: Family flying - picking seats at booking
Replies: 75
Views: 5445

Re: Family flying - picking seats at booking

I could not find an airline using kayak/orbitz or a few major carriers that had the seat selection rolled into the price. What I was finding was you needed to go up in tiers such as economy to economy plus as a package to be able to select your seat. These plans had extra perks that I didn't need, ...
by adam1712
Fri Mar 29, 2019 12:44 pm
Forum: Personal Consumer Issues
Topic: 11 days. England, Ireland or Scotland?
Replies: 31
Views: 2318

Re: 11 days. England, Ireland or Scotland?

I've been to all 3 and they were all great. It really depends on what you like. England has the most urban things to see and do. Lots of great war and industrial revolution history. Scotland has the most rugged and remote outdoors scenery. Ireland has the most distinct culture for a US tourist. But ...
by adam1712
Tue Mar 26, 2019 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Q: Family Responsibility for Deceased Brother Auto Accident Prior to Death
Replies: 57
Views: 4905

Re: Q: Family Responsibility for Deceased Brother Auto Accident Prior to Death

Don't forget there are two insurance companies involved here. It may not be your brother's insurance company's responsibility to get the excess settlement amount, but rather the other party's responsibility. Your brother's insurance company may be required to send these notifications that sound like...
by adam1712
Mon Mar 25, 2019 3:55 pm
Forum: Personal Consumer Issues
Topic: Ireland & Scotland Do I Need Cash?
Replies: 24
Views: 2033

Re: Ireland & Scotland Do I Need Cash?

TexasPE wrote:
Mon Mar 25, 2019 1:08 pm
But I always feel better with some cash in my pocket. Then I end up using it at restaurants to make sure most of it gets spent.
I usually apply my remaining cash to the last day's hotel bill and charge the remainder.
Excellent tip, I hadn't considered that.
by adam1712
Mon Mar 25, 2019 12:15 pm
Forum: Personal Consumer Issues
Topic: Ireland & Scotland Do I Need Cash?
Replies: 24
Views: 2033

Re: Ireland & Scotland Do I Need Cash?

Yeah, I've always just used ATMs as I go the past few years. I have a Schwab checking account for exactly this purpose. If you have booked hotels/AirBnB, train tickets, etc online you won't need much cash. Most restaurants will take credit cards although they sometimes have to hunt for a pen to sign...
by adam1712
Mon Mar 25, 2019 12:04 pm
Forum: Personal Consumer Issues
Topic: What's a good external hard drive?
Replies: 15
Views: 1077

Re: What's a good external hard drive?

If some are especially important to you, I'd also recommend some kind of on line storage for those as well. (Just a general comment, not directed to the OP) With the ease of taking photos, I wonder what will happen to all of the photos? I"m guessing most won't ever be viewed again since you can't s...
by adam1712
Fri Mar 22, 2019 1:50 pm
Forum: Personal Investments
Topic: Vanguard no longer commission free, how do I fix this?
Replies: 20
Views: 3140

Re: Vanguard no longer commission free, how do I fix this?

I switched all of my VTI to STPM at my HSA Bank/TD account. No issues and performance is nearly identical. There's no tax consequences when you buy and sell within an HSA (in almost all states, I believe there are one or two where there is an issue). My employer covers my HSA fees at HSA Bank so I s...
by adam1712
Tue Mar 19, 2019 5:41 pm
Forum: Personal Consumer Issues
Topic: Men's travel shoes. One pair for hiking/biking/walking/dining
Replies: 56
Views: 4811

Re: Men's travel shoes. One pair for hiking/biking/walking/dining

This reminds me, I have a pair of Merrells that look like this that I love for the versatility: https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcR-QrQkD8U25io0OS0hasJaLRD6tpWWK-x8YJGBKb5Mel03fEWYKg It seems like the model has been discontinued although I'm not entirely sure. I don't know the pr...