Search found 9310 matches

by TomatoTomahto
Thu Nov 21, 2019 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 75
Views: 7249

Re: Equal Inheritance for Children

@FBN2014, I think the accounting to be “equal” gets too complicated, to the point that fairness becomes a fetish. It’s like going out with friends; splitting the bill equally is more friendly than tallying “okay, who had the turkey sandwich, who had the Reuben?” If someone ordered and drank an expen...
by TomatoTomahto
Wed Nov 20, 2019 3:32 pm
Forum: Personal Consumer Issues
Topic: TV purchase -- 55" or 65" vs viewing distance
Replies: 34
Views: 2603

Re: TV purchase -- 55" or 65" vs viewing distance

“That TV is too large,” said by no one ever. In the past few years, I’ve had 55”, 66”, 77”, and 85” TVs. I once had a 100” projection screen, but that was a pain. When the OLED 88” 8k becomes reasonable (I think it’s $20k now), that will go into my media room and I think I will be done. I have not b...
by TomatoTomahto
Tue Nov 19, 2019 6:12 am
Forum: Personal Consumer Issues
Topic: OMG My New House is SO Drafty!
Replies: 50
Views: 5636

Re: OMG My New House is SO Drafty!

If your electricity company allows it do an energy audit and have them recommend and then pay for most of the work. We did that in our SFH in MA, and ~80-90% was paid by the utility company. Best $500 I ever spent. We recently moved from NJ (OP’s location) to MA. NJ’s utilities ain’t like MA ‘s. I’...
by TomatoTomahto
Mon Nov 18, 2019 9:11 am
Forum: Personal Consumer Issues
Topic: morality, kids, tuition etc
Replies: 68
Views: 4032

Re: morality, kids, tuition etc

There's an inherent assumption in both plans - that it will only take 4 years to graduate. (emp added) That begs the questions - does the student know what they want to study and are they well prepared to go into that course of study on the main track with no added courses? On the flip side, wouldn...
by TomatoTomahto
Mon Nov 18, 2019 6:54 am
Forum: Personal Consumer Issues
Topic: morality, kids, tuition etc
Replies: 68
Views: 4032

Re: morality, kids, tuition etc

Giving an 18 year old that choice, when they are not really equipped to understand the ramifications, is unfair. Winner, winner, chicken dinner. Unfortunately, 18 year olds get to make choices that will affect the rest of their lives. Don’t add to the pressure. 18 year olds like to think they’re “a...
by TomatoTomahto
Sun Nov 17, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Plug-in Hybrid Federal Tax Credit
Replies: 20
Views: 1459

Re: Plug-in Hybrid Federal Tax Credit

I am going to claim this year for a Nissan Leaf. My understanding is you just fill out the tax form with VIN. The dealer was completely unhelpful. One day dealers and salespeople will know as much about their EV and PHEVs as they do about how many cylinders their ICE cars have. Oops. That’s about z...
by TomatoTomahto
Sun Nov 17, 2019 1:40 am
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 14905

Re: Spend It All vs. Leave $$ for the Kids

HopeToGolf wrote:
Sat Nov 16, 2019 8:06 pm
Thanks much from one Garden Stater to another (IIRC). So devastating and unexpected.
You’re very welcome, but after some 50 or so years in NJ, we moved to a rural town near Boston. :thumbsup
by TomatoTomahto
Sat Nov 16, 2019 7:57 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 14905

Re: Spend It All vs. Leave $$ for the Kids

We recently had an issue pop up for our offspring that has us questioning our ability to experience early retirement and concerned that we leave as large an inheritance as possible. While the story is still to be written, we experienced an unexpected negative turn of events that has us thinking ver...
by TomatoTomahto
Sat Nov 16, 2019 4:20 pm
Forum: Personal Consumer Issues
Topic: Best thing you have ever bought?
Replies: 151
Views: 12107

Re: Best thing you have ever bought?

I bought The Diabetes Code and followed its strategy. I am now a Type 2 diabetic in remission. My doctor agrees that it saved my life. Best ROI ever.

Runners up, but not even close:
Tesla Model X
Geothermal
Our rural home near Boston with birds, frogs, space for our dogs to run
by TomatoTomahto
Sat Nov 16, 2019 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 75
Views: 7249

Re: Equal Inheritance for Children

Transparency is always best IMO. If your kids are reasonable, kind hearted and see the ways the universe has conspired to stack the deck in their favor (health, addiction, intelligence, grit etc) they should understand or at least rationalize the decision. I’m glad that my kids are kindhearted. In ...
by TomatoTomahto
Sat Nov 16, 2019 3:18 pm
Forum: Personal Investments
Topic: Portfolio Growth and Higher Tax Bracket
Replies: 2
Views: 316

Re: Portfolio Growth and Higher Tax Bracket

Tax Rate: 35% Federal, 0% State Age: 32m / 37f Savings Rate: >50% Desired Asset allocation: 80% stocks / 20% bonds Desired International allocation: 38% (MSCI weighted) I don't do asset allocation thinking, but it seems fine to me. I am starting a new job in the next couple weeks. My new employer h...
by TomatoTomahto
Sat Nov 16, 2019 2:24 pm
Forum: Personal Consumer Issues
Topic: Anyone switch from oil to propane?
Replies: 30
Views: 1415

Re: Anyone switch from oil to propane?

What are your electric rates? You might find the cheapest solution to be a heat pump, either ground-source or air-source. We have natural gas, and just installed heat pumps from Mitsubishi to replace our failing AC units. We kept our natural gas boiler as backup. I was, truth be told, a bit nervous...
by TomatoTomahto
Sat Nov 16, 2019 8:44 am
Forum: Investing - Theory, News & General
Topic: Is the FIRE Movement Responsible for this Historic Bull Market Run
Replies: 76
Views: 6082

Re: Is the FIRE Movement Responsible for this Historic Bull Market Run

zaboomafoozarg, It is the same for me since I started 30+ years ago. The working condition had not changed. But, somehow, the younger generation no longer thinks this is acceptable. KlangFool It's still quite rare though, even in younger people. In my whole career I've only met 1 other person who h...
by TomatoTomahto
Fri Nov 15, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: How Worried Should I Be/Is there anything I can do right now? (job offer/background check)
Replies: 33
Views: 3023

Re: How Worried Should I Be/Is there anything I can do right now? (job offer/background check)

Clean up your credit report. Jobs in Accounts Receivables are not going to want someone with money issues. My wife and I have worked in Financial Services for decades. I once had to fire someone who had stolen something inconsequential as a youth (a pack of cigarettes). It’s complicated, but HR felt...
by TomatoTomahto
Fri Nov 15, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: mechanics of paying a large tax bill
Replies: 42
Views: 2758

Re: mechanics of paying a large tax bill

It's the transfer between our taxable at vanguard and my check-writing account that I'm worried about getting held up (the bank won't know it's my taxes getting transferred), and wondering whether there's another way. I've posed the safe harbor question separately. Thanks for the replies. The immed...
by TomatoTomahto
Fri Nov 15, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: Network Streamer Suggestions
Replies: 11
Views: 506

Re: Network Streamer Suggestions

The primary reason is for the price of one CD (each month) you can listen to 60 million songs. The day a new album comes out I have it. My dusty mp3 collection has been relegated to the bottom desk drawer. Thanks. I learn something new every day. KlangFool At one time, perhaps still, TIDAL had a fa...
by TomatoTomahto
Fri Nov 15, 2019 11:20 am
Forum: Personal Consumer Issues
Topic: Network Streamer Suggestions
Replies: 11
Views: 506

Re: Network Streamer Suggestions

Thanks. I agree that Tidal is a good choice. Still looking for hardware suggestions for a streamer without a DAC. Roosevelt. I’m not sure that you’ll find one that makes economic sense https://forum.audiogon.com/discussions/music-streamer-with-no-dac-and-no-storage. That said, I use the DAC in my I...
by TomatoTomahto
Fri Nov 15, 2019 11:12 am
Forum: Personal Consumer Issues
Topic: Network Streamer Suggestions
Replies: 11
Views: 506

Re: Network Streamer Suggestions

The primary reason is for the price of one CD (each month) you can listen to 60 million songs. The day a new album comes out I have it. My dusty mp3 collection has been relegated to the bottom desk drawer. Additionally, many streams sound much better than CDs. TIDAL sound quality is at least CD qua...
by TomatoTomahto
Fri Nov 15, 2019 10:15 am
Forum: Personal Consumer Issues
Topic: Snow tires
Replies: 54
Views: 3511

Re: Snow tires

People seem to forget that AWD or 4wd doesn't help when it comes to stopping. When it snows, it exacerbates poor driving skills and causes more accidents and traffic delays. You also forgot to mention, every mile one puts on their set of winter tires is one less mile put on their other tires (which...
by TomatoTomahto
Fri Nov 15, 2019 10:02 am
Forum: Personal Consumer Issues
Topic: Network Streamer Suggestions
Replies: 11
Views: 506

Re: Network Streamer Suggestions

I have been very happy with TIDAL. I also have a subscription to Spotify Premium (long story; Tesla only supports Spotify Premium and Tunein). There is a difference in quality. At home, I stream TIDAL through a BlueSound connected with Ethernet, and played through an Anthem Integrated Amp and Martin...
by TomatoTomahto
Fri Nov 15, 2019 9:54 am
Forum: Personal Consumer Issues
Topic: Anyone switch from oil to propane?
Replies: 30
Views: 1415

Re: Anyone switch from oil to propane?

We converted from oil to geothermal, but have propane at the house, so can chime in. We don’t miss oil AT ALL. There was always a smell of diesel in the house, especially after service. I didn’t like being beholden to the oil company, although it’s the same company that I rely on for propane (only u...
by TomatoTomahto
Fri Nov 15, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Synchrony Bank (as credit card issuer)?
Replies: 10
Views: 553

Re: Synchrony Bank (as credit card issuer)?

My Amazon store card is through Synchrony. If I remember correctly, initially I had some issues setting up autopay (the only way I pay for a credit card), but that was resolved, and it has been easy peasy since.
by TomatoTomahto
Thu Nov 14, 2019 9:21 am
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 14905

Re: Spend It All vs. Leave $$ for the Kids

Spend as much as you want, and leave the rest to charity. The problem with inheritances is that they create an unlevel playing field in society (which is unearned by the beneficiaries to the detriment of those that don't have the same). This is why I respect "new money" instead of "old money" peopl...
by TomatoTomahto
Mon Nov 11, 2019 4:04 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1564
Views: 167734

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

I watched Season 5 of Peaky Blinders yesterday. It ended on a cliffhanger for a major character. I enjoy the series and the actors and their characters. Sometimes the music is a bit much. I do at times have trouble keeping all the characters straight in my mind. Rumors are out that a Season 6 may b...
by TomatoTomahto
Sun Nov 10, 2019 4:25 pm
Forum: Personal Consumer Issues
Topic: Hard Wired smoke alarms. Recommendations.
Replies: 34
Views: 1912

Re: Hard Wired smoke alarms. Recommendations.

@testing321, and if you have security monitoring systems, there is a code (in my case *72) to clear the indicators about which detector went off. I learned this during our final fire inspection, where the inspector set off each alarm and wanted me to clear the indicator between tests.
by TomatoTomahto
Sun Nov 10, 2019 4:22 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 78
Views: 3961

Re: Tax Deferred : Taxable : Tax Free

@lakpr, I apologize if I lumped you in with the BH cohort that does overly simplistic recommendations against Roth contributions. You thought about the OP’s situation more carefully. I admit to falling in the cohort that does overly simplistic pro Roth contribution recommendations. We are in the tax...
by TomatoTomahto
Sun Nov 10, 2019 2:52 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 78
Views: 3961

Re: Tax Deferred : Taxable : Tax Free

What is the absolute amount you have in your tax deferred accounts? If it is less than $1 million (approximately) I wouldn't bother with Roth conversions. The reasoning is that, with balances less than that threshold, even withdrawals twice the RMD size would only place you in the 15% bracket, and ...
by TomatoTomahto
Sun Nov 10, 2019 2:30 pm
Forum: Personal Consumer Issues
Topic: Hard Wired smoke alarms. Recommendations.
Replies: 34
Views: 1912

Re: Hard Wired smoke alarms. Recommendations.

Re CO: our town requires one not inside each bedroom and no more than 10 feet from the bedroom door. Plug in ones are okay, so that’s what we did. Must have a minimum of one per floor. So, all in, that was 4 CO detectors. There is no exemption for houses without any fossil fuel combustion. We do hav...
by TomatoTomahto
Sun Nov 10, 2019 12:53 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 14905

Re: Spend It All vs. Leave $$ for the Kids

We have told our kids our goals are to provide them debt free college degrees and for them not to support us in our old age. We are not saving/spending to leave an inheritance, but as a byproduct of not trying to run out of money for our care, we will likely (unintentionally) leave a significant in...
by TomatoTomahto
Fri Nov 08, 2019 4:33 pm
Forum: Personal Investments
Topic: Investing in Taxable Account. Good or bad?
Replies: 20
Views: 2111

Re: Investing in Taxable Account. Good or bad?

Regard the $100k already saved as an Emergency Fund. Congrats.

I’d start using the 401k and putting the tax savings into taxable.
by TomatoTomahto
Fri Nov 08, 2019 1:33 pm
Forum: Personal Consumer Issues
Topic: Should I Travel ot Ecuador?
Replies: 49
Views: 3535

Re: Should I Travel to Ecuador?

Hiking is also fun. Nights were spent inside catching up on Downton Abbey. So that was fine by me. It may be hard for the infirm... Quito is 9350 feet above sea level, so it should be borne in mind for those with compromised breathing. Even some otherwise healthy people don’t respond well to elevat...
by TomatoTomahto
Fri Nov 08, 2019 12:30 pm
Forum: Personal Consumer Issues
Topic: Your Fantasy Kitchen (Cookware-wise)
Replies: 57
Views: 4143

Re: Your Fantasy Kitchen (Cookware-wise)

Naikansha wrote:
Thu Nov 07, 2019 8:43 pm
If you cook rice and other grains like wild rice, I recommend a Zojirushi rice cooker.
Great for steel cut oats too.
by TomatoTomahto
Fri Nov 08, 2019 8:54 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1564
Views: 167734

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

Jack Ryan Season 2 on Amazon Prime...better than Season 1, by far. that's a pretty low bar to clear... I really like John Krasinski (I guess because of The Office , but felt let down by Season 1. My wife and I watched an episode and a half of Season 2, but moved on to other things. I guess if there...
by TomatoTomahto
Fri Nov 08, 2019 8:49 am
Forum: Personal Consumer Issues
Topic: Is selling trees for lumber Immoral?
Replies: 33
Views: 2671

Re: Is selling trees for lumber Immoral?

I forest manage my own property which surrounds my house and am in a state program (chapter 61) that gives me tax breaks for doing so. We've got those pileated woodpeckers and they are amazing to see and hear. I've gone into the woods thinking an intruder is using an axe to chop a tree only to find...
by TomatoTomahto
Fri Nov 08, 2019 7:41 am
Forum: Personal Consumer Issues
Topic: Should I Travel ot Ecuador?
Replies: 49
Views: 3535

Re: Should I Travel ot Ecuador?

Admittedly it was a decade ago, but still, the Galapagos were worth the few minutes of anxiety when we went out late in the evening in Quito. It was quickly clear that we had not made a wise choice to walk around without a destination, so we went back to our bohemian hotel. We were on a small privat...
by TomatoTomahto
Thu Nov 07, 2019 10:38 am
Forum: Personal Consumer Issues
Topic: Home Automation Mavens - Need Some Help
Replies: 7
Views: 519

Re: Home Automation Mavens - Need Some Help

My biggest beef with Apple, and I’m on board for iPhones and iPads and such, is that they are great if you want to use their stuff as they think you should Want to use it. That’s why, after a couple of tries, i could not warm to any Macs with Apple software. You want to create a TOC? Use Word. That’...
by TomatoTomahto
Thu Nov 07, 2019 9:06 am
Forum: Personal Consumer Issues
Topic: Should I Travel ot Ecuador?
Replies: 49
Views: 3535

Re: Should I Travel ot Ecuador?

You will be fine. If you’re going to be in Quito overnight, a common situation in transit to Galapagos, I would be extra careful after dark. Some neighborhoods can get seedy pretty quickly, even if they were fine at noon.
by TomatoTomahto
Thu Nov 07, 2019 9:02 am
Forum: Personal Consumer Issues
Topic: Home Automation Mavens - Need Some Help
Replies: 7
Views: 519

Re: Home Automation Mavens - Need Some Help

Coalcracker, the “not working well with each other” is real. I’m hoping that some broker (eg, Samsung ST, Alexa, whatever) can direct the dialog between the participants. A rabbit hole isn’t the worst thing for me to go down, but I pity someone with less free time than I have. I have a feeling that ...
by TomatoTomahto
Thu Nov 07, 2019 8:05 am
Forum: Personal Consumer Issues
Topic: Home Automation Mavens - Need Some Help
Replies: 7
Views: 519

Re: Home Automation Mavens - Need Some Help

Oh, I absolutely love it, and the work is keeping me out of jail. It is a far stretch from the 2BR 2BA apartment I wanted, but the renovations have been a lot of fun. Who knew that we would be buying a “mason’s annuity?” Wells and well tanks have complications I never considered. Who knew latex matt...
by TomatoTomahto
Thu Nov 07, 2019 6:50 am
Forum: Personal Consumer Issues
Topic: Home Automation Mavens - Need Some Help
Replies: 7
Views: 519

Home Automation Mavens - Need Some Help

We recently installed geothermal heating and cooling for our house, and we want smart vents to provide sub-zones for the 3 guest rooms on the ground floor. The ground floor is a separate zone for geo. Our WaterFurnace geo uses only Symphony thermostats. Those thermostats are not supported/controlled...
by TomatoTomahto
Tue Nov 05, 2019 4:08 pm
Forum: Personal Consumer Issues
Topic: Your Fantasy Kitchen (Cookware-wise)
Replies: 57
Views: 4143

Re: Your Fantasy Kitchen (Cookware-wise)

If you don't have one get an induction stovetop. I know, not cookware, but my All-Clad loves it. More than a month ago, my 48” propane cooktop sprung a leak. I wanted to go with induction for replacement, and picked the only range I could find that would fill a 48” hole in my kitchen. I don’t reall...
by TomatoTomahto
Tue Nov 05, 2019 5:46 am
Forum: Personal Consumer Issues
Topic: payoff period for viable solar ?
Replies: 17
Views: 897

Re: payoff period for viable solar ?

In MA, net metering is legislated to last 25 years. Afraid my state isn't quite that enlightened; in fact, seems like a miracle we have it at all. Additionally, for me ...being immune to grid outages (requires batteries) That increases the cost and complexity of a solar system signifcantly. I do ha...
by TomatoTomahto
Mon Nov 04, 2019 7:17 pm
Forum: Personal Consumer Issues
Topic: payoff period for viable solar ?
Replies: 17
Views: 897

Re: payoff period for viable solar ?

In MA, net metering is legislated to last 25 years. Additionally, for me, the ability to renovate my home to have no fossil fuels burned inside, being immune to grid outages (requires batteries), the quiet, the cleanliness, the lack of smells, etc. were significant factors that are difficult to capt...
by TomatoTomahto
Mon Nov 04, 2019 6:52 pm
Forum: Investing - Theory, News & General
Topic: Is it OK to take less risk and spend more money once you’ve reached your goals even if you are young?
Replies: 63
Views: 5451

Re: Is it OK to take less risk and spend more money once you’ve reached your goals even if you are young?

stoptothink wrote:
Mon Nov 04, 2019 6:29 pm
Before attempting to answer this ambiguous question, should consider reading OP's previous threads.
Titles were enough. Thanks.
by TomatoTomahto
Mon Nov 04, 2019 6:25 pm
Forum: Investing - Theory, News & General
Topic: Is it OK to take less risk and spend more money once you’ve reached your goals even if you are young?
Replies: 63
Views: 5451

Re: Is it OK to take less risk and spend more money once you’ve reached your goals even if you are young?

It depends on how you define risk. I think a lot of people mistakenly define risk as "volatillity" - which is the prospect of investment prices going up and down - when the real risks are longer-term in nature - especially the risk of inflation, or having your investments not being able to sustain ...
by TomatoTomahto
Mon Nov 04, 2019 5:10 pm
Forum: Personal Investments
Topic: Too much tax deferred?
Replies: 27
Views: 3258

Re: Too much tax deferred?

I will consider the extra tax on the RMD (if I overshoot the target) as insurance premium for everything that can go wrong to prevent me from hitting my number. :happy Once I am reasonably certain that my target is within reach, then I stop deferring taxes and fund taxable, or cut down work. Okay, ...
by TomatoTomahto
Mon Nov 04, 2019 2:35 pm
Forum: Personal Consumer Issues
Topic: Porsche aficionado question
Replies: 9
Views: 816

Re: Porsche aficionado question

With a name like Enzo, you’re getting a Porsche????
by TomatoTomahto
Mon Nov 04, 2019 2:32 pm
Forum: Personal Consumer Issues
Topic: Paying a contractor in cash
Replies: 48
Views: 1605

Re: Paying a contractor in cash

I understand a discount for cash or check vs credit card, but for cash vs check seems sketchy. +1000 The only reason to get paid in paper cash like that is that they are doing some permutation of tax fraud. Even if you are OK with that I would be reluctant to do business with them since if they are...
by TomatoTomahto
Mon Nov 04, 2019 10:31 am
Forum: Personal Investments
Topic: First post; allocation guidance
Replies: 4
Views: 546

Re: First post; allocation guidance

Smarter forum members will be along shortly, but I wanted to welcome you to the forum. :D