Search found 411 matches

by dpc
Thu Jan 02, 2020 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: S Corp VS. LLC
Replies: 1
Views: 188

Re: S Corp VS. LLC

I would find a CPA that you want to use and ask them. An S Corp gives more avenues for "creativity", but LLC is much simpler, tax-wise. NOLO has some good reference books regarding the choices. If you expect your income to be high, then S-Corp might make more sense. FWIW, when we started our busines...
by dpc
Tue Nov 12, 2019 1:30 pm
Forum: Personal Consumer Issues
Topic: Carbon Monoxide Alarms
Replies: 16
Views: 1361

Re: Carbon Monoxide Alarms

I've dealt with building codes for 40 years. The short answer is that the code is the code. Trying to apply logic only frustrates you. Just follow the code. However, in this case, there are actually good reasons for this requirement and it is common throughout the US. Battery-powered CO detectors ar...
by dpc
Fri Nov 01, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D - Drug Plan
Replies: 5
Views: 559

Medicare Part D - Drug Plan

I originally signed up for the Humana Walmart plan because I have only one prescription and they were the least expensive. However, I note that for 2020 the premium will be increasing from $20/mo to $45/mo. I found this by going to the Medicare.gov site and confirmed on the Humana website. I haven't...
by dpc
Tue Oct 15, 2019 9:38 pm
Forum: Personal Consumer Issues
Topic: Where to stay in Maui?
Replies: 24
Views: 2150

Re: Where to stay in Maui?

Stayed at the Maui Coast Hotel in Kihei a few times when I was working over there. It's close to the beach, restaurants, etc. Clean and nice, but certainly not a fancy resort. We found the area to be pleasantly funky - lots of dive shops, etc nearby. But that's been a few years ago now.
by dpc
Fri Oct 11, 2019 6:20 pm
Forum: Personal Consumer Issues
Topic: Keep car entertainment system with fast clock or get refurbished one?
Replies: 33
Views: 1674

Re: Keep car entertainment system with fast clock or get refurbished one?

Obviously, it's bothering you more than it does me, but there's no certainty that a refurbished unit won't been the same, or worse. I really doubt they check the clock accuracy that closely. I have the same problem with my 2012 Honda. These units have a free-running crystal or ceramic oscillator. Th...
by dpc
Sun Jul 28, 2019 2:08 pm
Forum: Personal Consumer Issues
Topic: Hawaii in August
Replies: 31
Views: 2862

Re: Hawaii in August

It's hot there now. I just got back from a 1 week business trip to Honolulu. It should be a bit cooler by late August - not sure when the trade winds pick up again. Honolulu is a big city with a lot of traffic and all of the features of a big city on the mainland. I've been to Maui and Oahu. I would...
by dpc
Sat Apr 20, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: LLC taxed as S Corp - SS and Dividends
Replies: 16
Views: 1135

Re: LLC taxed as S Corp - SS and Dividends

It's been a while, but my recollection is that in an LLC taxed as a partnership, self-employment tax must be paid on all income received by the members. When taxed as a corporation, self-employment is paid only on direct compensation to member, not on corporate profits. This seemed to be the major d...
by dpc
Sat Apr 13, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Medigap pricing and Medicare generally
Replies: 21
Views: 1580

Re: Medigap pricing and Medicare generally

The Medicare.gov website has a good table explaining the differences in the Medigap plans. It will also show the available plans and companies in your state if you enter your zip code. Probably a good starting point.
by dpc
Thu Apr 04, 2019 2:09 pm
Forum: Personal Consumer Issues
Topic: Webinar tools recommendations
Replies: 2
Views: 142

Re: Webinar tools recommendations

I don't know about free, but I've used GoToMeeting (GoToWebinar) several times and it works pretty well. I wasn't paying for it, so know nothing about the cost structure. You can record the sessions. You might see if they have a trial offer or special deal for non-profits.
by dpc
Wed Apr 03, 2019 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: How do you set money aside as a 1099-MISC Contractor?
Replies: 5
Views: 449

Re: How do you set money aside as a 1099-MISC Contractor?

If you receive a salary, not sure how you can be considered a contractor. Welcome to the world of the self-employed. You have to pay estimated taxes which includes, effectively, your Social Security payment as well. When you make more money, you pay more taxes, but you still end up with more money. ...
by dpc
Sun Mar 31, 2019 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: cost/benefit of a home elevator/escalator
Replies: 20
Views: 1191

Re: cost/benefit of a home elevator/escalator

Retrofitting an elevator into an existing house could be a major project. The stair lifts are not very attractive, but they work well, and can be removed pretty easily. My penny-pinching father resisted buying a stair lift for the basement stairs for a long time, even after being forced to use a wal...
by dpc
Mon Mar 25, 2019 10:48 am
Forum: Personal Consumer Issues
Topic: Nice men's jeans
Replies: 53
Views: 3832

Re: Nice men's jeans

My Costco only carries even number waist sizes and unfortunately I fall between two of the sizes.
Same. The Costco jeans are a great buy, but they stopped making the 33 waist and neither the 32 or 34 fit me. I also had no idea Amazon sold their own line of jeans.
by dpc
Wed Mar 13, 2019 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Predicted RMDs Have Caught Me By Surprise
Replies: 69
Views: 7993

Re: Predicted RMDs Have Caught Me By Surprise

Ed Slott has been hard over on Roth conversions forever. He's convinced tax rates will rise significantly in the future. I'm sure I don't know. I just have a hard time believing paying taxes now that can be deferred until later is ever a really great strategy. Too many variables and unknown unknowns...
by dpc
Fri Mar 08, 2019 12:30 pm
Forum: Personal Consumer Issues
Topic: I need to ethically reneg on a large eBay purchase
Replies: 39
Views: 5328

Re: I need to ethically reneg on a large eBay purchase

Ethically I would think the best solution is to complete the purchase and then re-sell it.
by dpc
Thu Feb 28, 2019 1:55 pm
Forum: Personal Investments
Topic: Smartest Investing Moves
Replies: 24
Views: 3678

Re: Smartest Investing Moves

At one time, Vanguard offered free investment planning services for Flagship customers. I got a recommended plan from one of Vanguard's financial planners. It clarified a lot of things for me. I've mostly followed the plan with few changes over time. I rode right through 2008-2009 and didn't really ...
by dpc
Thu Feb 14, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Buying a 2019 RAV4 hybrid - how to pay for it?
Replies: 76
Views: 4610

Re: Buying a 2019 RAV4 hybrid - how to pay for it?

I'll probably lose my Boglehead credentials, but I'd say give it a test drive and if you like it, buy it through a Toyota loan (probably 0.9%) Put as much down as you can of course. 100 miles a day is a lot of windshield time and life is short. Sounds like you can afford it. No point in being the ri...
by dpc
Fri Feb 01, 2019 4:55 pm
Forum: Personal Consumer Issues
Topic: What's the current, best way to source decent eyeglasses (frames & lenses)?
Replies: 26
Views: 2655

Re: What's the current, best way to source decent eyeglasses (frames & lenses)?

I did not like Costco at all. They do not sell ultra high index lenses
This was my experience as well. I got a pair of prescription sunglasses from them some years ago and they weighed twice my normal glasses. I also found their frame selection pretty limited.

I have no better suggestion.
by dpc
Tue Jan 01, 2019 9:56 pm
Forum: Personal Consumer Issues
Topic: Uber/Lyft where do you sit?
Replies: 42
Views: 4322

Re: Uber/Lyft where do you sit?

Generally rear passenger side, although I have sat in the front a couple of times. i did have an Uber driver request that I not sit directly behind him. He had the seat so far back it would not have been possible anyway.
by dpc
Mon Dec 03, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Avoidance Strategies
Replies: 20
Views: 1959

Re: IRMAA Avoidance Strategies

Not sure it's worth worrying about, but be aware that the IRMAA determination runs almost a year behind the actual calendar. Medicare won't get information from IRS on your 2018 taxes until near the end of 2019. At least that is how it was explained to me by Medicare when I appealed my IRMAA. It was...
by dpc
Mon Nov 19, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: The psychology of withdrawing from your portfolio
Replies: 58
Views: 6382

Re: The psychology of withdrawing from your portfolio

Yes, I think this is difficult mental hurdle for many people, including me. I retired 3 years ago, but have been working part-time so I have not really to take much out of my retirement savings, but this year, it's getting close and I find myself trying to avoid taking out any money. The rational pa...
by dpc
Wed Oct 10, 2018 11:22 am
Forum: Personal Consumer Issues
Topic: Kirkland (Costco) Razor
Replies: 31
Views: 4623

Re: Kirkland (Costco) Razor

Have you tried using a double edge safety razor? Razors are cheap Yes, about 50 years ago. I'd never go back. I get annoyed at the cost of the Gillette cartridges, but never found anything else that works as well. I hate shaving so it's not an area where I want to scrimp if there is a better produc...
by dpc
Wed Aug 15, 2018 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 162
Views: 11480

Re: Take auto loan 0.9% if I can afford cash?

Usually you can get a better price if you don't take the financing This seems logical, but has not been my experience. The financing is through the car manufacturer. It's still a cash deal for the dealer. And I suspect they get some credit for having it financed through their manufacturer. I did a ...
by dpc
Thu Aug 09, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 10066

Re: Biggest Threats to Financial Well-Being

Pretty sure that most bankruptcy claims in the US are related illness and medical expenses. I think most people drastically underestimate how quickly life savings can be depleted during extended serious illness, as well as the assumption that "it won't happen to me".
by dpc
Wed Aug 01, 2018 6:17 pm
Forum: Personal Investments
Topic: How long have you been retired and how much have you spent on health out of pocket?
Replies: 18
Views: 2301

Re: How long have you been retired and how much have you spent on health out of pocket?

Been retired for three years and reasonably healthy. I pay for Medicare Part B - $134.00/mo, Medigap - $225/mo and Medicare Prescription Drug plan - $15/month or so. In three years, I've had maybe $1000 in out-of-pocket expenses - total. Excluding dental, of course.

Cheers,

Dave
by dpc
Sat Jul 07, 2018 5:58 pm
Forum: Personal Consumer Issues
Topic: Tipping in a hotel room/cruise ship room
Replies: 57
Views: 4706

Re: Tipping in a hotel room/cruise ship room

I don't know about cruises, but I try to leave a small tip each morning for the hotel room cleaners, whether traveling for business or pleasure. Regarding expenses and expense sheets - as my old boss told a co-worker "If you can't figure out a way to get paid for it, you're not nearly as smart as I ...
by dpc
Thu May 03, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: How to finance new home-IN a hurry!
Replies: 22
Views: 2046

Re: How to finance new home-IN a hurry!

We got a mortgage on our new house before selling the old one. As long as the old house is paid off and you qualify, it is possible. One possible sticking point is that the lender wants to see INCOME regardless of your assets. If you're retired, it can be difficult to get a conventional mortgage due...
by dpc
Sat Mar 24, 2018 8:07 pm
Forum: Personal Consumer Issues
Topic: Buying large heavy items from places like Amazon
Replies: 22
Views: 2863

Re: Buying large heavy items from places like Amazon

You got to be insane to buy bulky items, perishable food items, or something of the sort from amazon. Must be a lot of insane people out there. I've had somewhat mixed results, but Amazon has been good at working things out. I've have major problems with Home Depot. Costco has been good. We ordered...
by dpc
Tue Feb 20, 2018 7:27 pm
Forum: Personal Investments
Topic: Thinking about selling GE to invest in an index fund
Replies: 25
Views: 3855

Re: Thinking about selling GE to invest in an index fund

I'd reduce your holding in GE. They have a lot of problems. You don't have to do it all at once if you prefer to not just dump it. "Mental accounting bias." GE just sold off their electrical equipment business to ABB. So pretty much anything that Thomas Edison would have associated with GE is gone. ...
by dpc
Tue Feb 20, 2018 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: House rewiring - cost of copper
Replies: 29
Views: 2645

Re: House rewiring - cost of copper

Sounds like sales BS. Copper prices fluctuate, but I'm not aware of any long-term upward trends. Majority of your costs will be labor. As others have pointed out, the copper is only part of the cost of the cable. Speaking as a EE, if you do this - make all receptacle circuits 20 A with #12 wire. Als...
by dpc
Sat Feb 17, 2018 1:44 pm
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 168
Views: 22146

Re: Retirees: The common sense withdrawal method

It's good keep in mind that there is a powerful selection bias at work at Bogleheads.org. Most people on this forum are generally frugal and perhaps overly concerned with their finances. "Common sense" works when we have generally have not had a problem in our working life with overspending, excessi...
by dpc
Sat Jan 27, 2018 12:28 pm
Forum: Personal Investments
Topic: What to do with large stock holding in taxable account
Replies: 32
Views: 3503

Re: What to do with large stock holding in taxable account

If he needs the money for retirement, he should really diversify. That is more important than tax impact. Way too much of his net worth in one stock. It will all be long-term capital gains - I'd assume at 15% rate, but I'm not a tax accountant. I'd be selling off big chunks pretty quickly. He just h...
by dpc
Tue Jan 16, 2018 8:56 pm
Forum: Personal Consumer Issues
Topic: Need to buy new printer. Suggestions for best value?
Replies: 33
Views: 3942

Re: Need to buy new printer. Suggestions for best value?

At a pure anecdotal level, I've been happy with the Brother ink-jet all-in-one we've had for a couple of years. We don't print that much so the cost savings per page for laser printing doesn't mean too much to me. YMMV.
by dpc
Sat Jan 13, 2018 1:24 pm
Forum: Personal Consumer Issues
Topic: Will never not upgrade Business travel again
Replies: 21
Views: 3732

Re: Will never not upgrade Business travel again

I agree with you. I always try to upgrade to the "plus" seating. BUT..... If you ever have to change travel plans or even if the airline bumps you to another airline for some reason, you will generally lose the upgrade. It's non-refundable. Just something to be aware of.
by dpc
Sat Dec 30, 2017 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Union Banks Vs Regular Bank
Replies: 13
Views: 1782

Re: Credit Union Banks Vs Regular Bank

If your main goal is chasing the highest interest rate for savings account, then you'll probably do better at a bank, although not always. We've banked at credit unions for 50 years due to better service, local ownership and lack of misleading marketing and sales practices. The online banks seem to ...
by dpc
Thu Dec 28, 2017 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Stopped Check 2018 Property Tax - Etiquette to County?
Replies: 37
Views: 3970

Re: Stopped Check 2018 Property Tax - Etiquette to County?

Well, the 2018 tax will have to be paid, even if not deductible. I guess I don't see the reason to pay $30 to stop payment.
by dpc
Wed Dec 27, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Moonlighting Income - Convert from Sole Prop. to S-Corp or LLC for 2018?
Replies: 6
Views: 818

Re: Moonlighting Income - Convert from Sole Prop. to S-Corp or LLC for 2018?

There's little complexity in forming an LLC, at least in most states. I've done it a few times. But an LLC is taxed as a pass through to your personal income. You can elect to have the LLC taxed as a corporation, or at least you could. I don't know if that's changed. As far as the IRS is concerned, ...
by dpc
Sun Dec 24, 2017 12:47 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1313
Views: 147814

Re: What frugal thing did you do today?

I didn't buy a new car today (again).
by dpc
Sat Dec 16, 2017 5:17 pm
Forum: Personal Consumer Issues
Topic: Electric Energy Usage
Replies: 86
Views: 6729

Re: Electric Energy Usage

You didn't mention your refrigerator and/or freezer. Frost-free refrigerators and freezers used to be notorious energy hogs. Your winter thermostat settings seem high. Most people set down to 68 or so. You can only do so much. Do what you can, and live with it. Enjoy the family at home - it doesn't ...
by dpc
Fri Nov 10, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Personal letters to the sellers of your house can work!!!
Replies: 74
Views: 10123

Re: Personal letters to the sellers of your house can work!!!

We sold our house about three years ago in a great seller's market. We had three offers the first day, two above the asking price - both cash. We got two "heartfelt" letters from the potential buyers about how much they loved the house. We didn't pay much attention to the letters and went with the h...
by dpc
Fri Oct 06, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Cash in a local bank or credit union
Replies: 54
Views: 5603

Re: Cash in a local bank or credit union

A bit off-topic, but the events in Puerto Rico remind me that money in a checking account in a local bank or credit union is not cash. Puerto Rico has become a cash economy and the ATMs are out of cash or have no power. I don't have an answer, but something to keep in mind.
by dpc
Sun Aug 06, 2017 10:57 am
Forum: Personal Consumer Issues
Topic: Delta priority boarding - first timer
Replies: 80
Views: 9418

Re: Delta priority boarding - first timer

Interesting to read all the comments about not checking bags. I went through that phase as fairly frequent business traveler, but totally past it now. Unless it is very short trip, I always check my bag. I'm generally carrying a fairly full backpack of laptop and other work-related material that I c...
by dpc
Thu Jul 06, 2017 2:59 pm
Forum: Personal Consumer Issues
Topic: Better hurry if you want a gas-engine Volvo
Replies: 96
Views: 8682

Re: Better hurry if you want a gas-engine Volvo

I agree that this is mostly marketing hype and perhaps Volvo's desire to carve out a new niche. Internal combustion engines will be with us for a long time. If you compare energy storage by weight/volume of gasoline or diesel versus storage batteries, the hydrocarbons win by several orders of magnit...
by dpc
Fri Jun 23, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Thinking about the death thing for taking SS
Replies: 17
Views: 2194

Re: Thinking about the death thing for taking SS

There is a fairly good chance that at least one of you will live well beyond 85 unless you know something you haven't shared. The greatest risk of old age is running out of money. Something like 60% of elderly people in nursing homes receive Medicaid and Medicaid pays over 50% of all long-term care ...
by dpc
Wed Apr 26, 2017 12:09 pm
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 192
Views: 49871

Re: Vanguard has switched to brokerage only accounts

I'm an extremely lazy investor so I switched to brokerage since I couldn't see going to the hassle of moving my money elsewhere and I was generally happy with Vanguard. In the transition, there were a lot of transactions that occurred but in the end, I don't recall having any major issues. I still d...
by dpc
Tue Mar 07, 2017 9:32 pm
Forum: Investing - Theory, News & General
Topic: Oh no! The Ohama Titanic Syndrome signal.
Replies: 24
Views: 6763

Re: Oh no! The Ohama Titanic Syndrome signal.

Good thing I listened to CNBC a long time ago and took a 100% cash position in 2009. Just waiting for them to tell me it's safe to get back in the market. 8-)
by dpc
Tue Mar 07, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Searched forum, unsuccessful, how to find doctors who take Medicare
Replies: 62
Views: 5435

Re: Searched forum, unsuccessful, how to find doctors who take Medicsre

I would start calling local doctors and asking their staff about Medicare. No national database will ever be highly accurate. There is a huge variation by locality. We lived in Corvallis OR for many years. The largest practice (Corvallis Clinic) will not accept new Medicare patients. I thought it wa...
by dpc
Mon Mar 06, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: At what age did you drop life and disability insurance?
Replies: 56
Views: 7649

Re: At what age did you drop life and disability insurance?

Most financial planners will tell you that disability insurance is more important than life insurance if you have dependents. When you're young, you are much more like to become disabled than die. Also, if your company provides disability insurance, I believe the proceeds would be taxable income. If...
by dpc
Mon Mar 06, 2017 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: At what age did you drop life and disability insurance?
Replies: 56
Views: 7649

Re: At what age did you drop life and disability insurance?

I'm guessing about age 55. Kids out of college, house paid for. Didn't make sense to keep paying the premium. As a friend of mine stated it - why pay for your wife and her next husband to get a windfall.
by dpc
Thu Mar 02, 2017 6:37 pm
Forum: Personal Consumer Issues
Topic: Replace gas water heater with electric?
Replies: 40
Views: 13351

Re: Replace gas water heater with electric?

I'm not worrying about purchase and installation cost But you're worried about energy costs? That seems illogical. Money is money. I'd prefer gas, especially since you have everything in place. Replacement should be straightforward. It will be cheaper in terms of energy costs. That said, if you wan...
by dpc
Wed Feb 22, 2017 2:46 pm
Forum: Personal Consumer Issues
Topic: Do you replace your electrical switches/outlets or use an electrician?
Replies: 93
Views: 8379

Re: Do you replace your electrical switches/outlets or use an electrician?

He did not even switch off the circuit breaker - said he did not need to - been an electrician for over 30 years Sigh.... as an electrical safety person, this is always disheartening to hear. Electricity won't care how long he's been an electrician. He absolutely should have de-energized that circu...