Search found 1485 matches

by TheGreyingDuke
Tue Oct 16, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard not allowing reversals of Roth IRA recharacterizations
Replies: 10
Views: 797

Re: notice from Vanguard, can anyone help clarify

so, every year, myself and my husband do the back door Roth for both of us. Today, I just got a notice from Vanguard (where we hold our backdoor roth at) that " as a result of the Tax Cuts and Jobs Act signed into law late last year, investors who convert a traditional IRA or other tax-deferred ret...
by TheGreyingDuke
Fri Oct 12, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Manufacture income, claim electric vehicle credit
Replies: 3
Views: 324

Manufacture income, claim electric vehicle credit

I have a friend who was (mis)lead to believe by the dealership, that she could collect the entire $7500 Federal tax credit for an electric vehicle. Last year her total tax bill was around $4600, more income this year but the lower tax rate will give her about the same tax bill. How to manufacture so...
by TheGreyingDuke
Fri Oct 12, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase - Sellers Request Help with Repairs
Replies: 69
Views: 3053

Re: Home Purchase - Sellers Request Help with Repairs

All these suggestions about getting different bids, reviewing the paperwork are off the mark in my opinion. Does the OP have any idea what a good repair of a septic system would look like? I suspect not. I am going to assume that there is some public entity that will need to approve the plan. Usuall...
by TheGreyingDuke
Fri Oct 12, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Should we rent a car or take our low mileage 2006 Volvo on a family trip?
Replies: 49
Views: 3139

Re: Should we rent a car or take our low mileage 2006 Volvo on a family trip?

I am taken by the suggestions for a "tune-up", brings me back to the days when plugs, points and rotors (the piece in the old time distributors for all you whippersanppers :happy ) were swapped out every 10,000 miles or so. I think it unlikely that the lack of a tune-up on a 2006 Volvo is going to c...
by TheGreyingDuke
Fri Oct 12, 2018 10:16 am
Forum: Personal Consumer Issues
Topic: Electric Lawn Mower Advice
Replies: 17
Views: 958

Re: Electric Lawn Mower Advice

Another satisfied Ego user here, we are a community of 30 homes that share one mower, we have two batteries so one is always charged. We get about 45 minutes to an hour on a charge. We had a battery go bad, they sent us a new one without asking for the old one back, great service. We also have their...
by TheGreyingDuke
Tue Oct 09, 2018 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Talk me out of buying a Tesla Model 3
Replies: 191
Views: 11054

Re: Talk me out of buying a Tesla Model 3

I am a "car guy" (go back to a 1962 Porsche 356), retired with all the assets I need, and also trying to decide about the 3, I will forego the financial aspects and share my thinking. 1) My own inclination is for the Long Range, RWD model. Tesla now tells me that I can get it in "less than 4 weeks"....
by TheGreyingDuke
Tue Sep 25, 2018 7:32 am
Forum: Personal Consumer Issues
Topic: [Small, Portable, and Ductless Air Conditioners]
Replies: 60
Views: 3773

Re: [Small, Portable, and Ductless Air Conditioners]

1) If you go ahead with the minisplit option make sure that you get one of the "cold climate" units. Those that we see in southern Asia are cheap and do not perform under about 30 degrees F to heat. 2) If you have oil heat you should have someone fo an analysis to see if you will save money by relyi...
by TheGreyingDuke
Fri Sep 21, 2018 9:43 am
Forum: Personal Consumer Issues
Topic: Housing co-op seeking to accept electronic payments
Replies: 8
Views: 564

Re: Housing co-op seeking to accept electronic payments

Thanks to all who responded.

One wrinkle is that the assessments vary month to month, making some of the suggestions unworkable. I am turning this over to the finance folks for their review
by TheGreyingDuke
Thu Sep 20, 2018 8:54 pm
Forum: Personal Consumer Issues
Topic: Housing co-op seeking to accept electronic payments
Replies: 8
Views: 564

Housing co-op seeking to accept electronic payments

I live in a 30 unit co-op (co-ops in NY resemble condos but rather than own your home you own shares in the co-op) and we make monthly payments for taxes, maintenance, etc. Right now we need to hand a check to the finance person and we are all motivated to try to set up a system whereby the payment ...
by TheGreyingDuke
Tue Sep 11, 2018 8:28 am
Forum: Personal Consumer Issues
Topic: $25K car
Replies: 39
Views: 3686

Re: $25K car

I agree that the Mazda6 is an attractive choice but only available in the lowest trim option with a stick. ,The Accord is available with the 2.0 Turbo and a 6-speed manual. For those of us who prefer to row our own, that's the end of the story.
by TheGreyingDuke
Wed Aug 29, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: How to Pass on Money Against My Sister's Wishes (Ethics and Finance)
Replies: 74
Views: 7577

Re: How to Pass on Money Against My Sister's Wishes (Ethics and Finance)

When I was in my 20's my great Uncle died, my father was executor. Great Uncle was a mercurial individual, frequently changed his will based on some perceived slight. At one time I was written out, at others one of my two other sibs. When he died I was left with the total estate according to the the...
by TheGreyingDuke
Tue Aug 28, 2018 3:46 pm
Forum: Personal Consumer Issues
Topic: Minivan for family of 4.
Replies: 34
Views: 2972

Re: Minivan for family of 4.

The Pacifia Hybrid has a reputation of not being a good lease, seems it makes more sense to purchase.

You can check here for some discussion:
https://forum.leasehackr.com/t/chrysler ... 2018/47976
by TheGreyingDuke
Sun Aug 26, 2018 8:28 am
Forum: Personal Consumer Issues
Topic: The Fall of Consumer Reports
Replies: 89
Views: 15043

Re: The Fall of Consumer Reports

Like Nisiprius and Dratkinson, I go to the 'databases' portion of my county library system to search for CR reviews. Somewhat off track here, but FWIW more recently I've started to, well I guess you would say "subscribe" to a service called Texture . You pay $10 per month --- yes, another of those ...
by TheGreyingDuke
Wed Aug 22, 2018 3:07 pm
Forum: Personal Consumer Issues
Topic: wood flooring recommendations
Replies: 13
Views: 1336

Re: wood flooring recommendations

To my way of thinking, nothing beats the look, durability and cost of unfinished flooring that is sanded and urethaned in place. The pre-finished stuff all have little chamfers at the edge joints, We are in ana rea with several local mills, they do local native hardwoods, the choice is limited (an a...
by TheGreyingDuke
Wed Aug 22, 2018 5:25 am
Forum: Personal Consumer Issues
Topic: Toyota Camry - Considering Purchase - Panoramic Sunroof?
Replies: 30
Views: 1820

Re: Toyota Camry - Considering Purchase - Panoramic Sunroof?

I Can you open the sunroof without having all of the shades retracted (meaning everyone in the car has glass with open sky overhead. My 2009 Sportwagen with a pano roof specifically cautions against doing this. The shade is a fairly flimsy piece of material and the wind buffeting could do it in. On...
by TheGreyingDuke
Fri Aug 17, 2018 8:00 pm
Forum: Personal Consumer Issues
Topic: The Fall of Consumer Reports
Replies: 89
Views: 15043

Re: The Fall of Consumer Reports

The singular space that they formerly occupied has been breached by all sorts of online reviews. Nonetheless, there are certain areas where they remain an indispensable part of my buying decisions. While their testing of automobiles may leave out some aspects that are crucial to me, buying a car wit...
by TheGreyingDuke
Tue Aug 07, 2018 7:09 am
Forum: Personal Consumer Issues
Topic: Cost of ownership of buying Model 3
Replies: 50
Views: 3283

Re: Cost of ownership of buying Model 3 vs keeping my M235i.

i have a family member who had a tesla. minor accident took 6 months to get parts. i would not buy. This is the thing that has kept me from going ahead with buying a 3. Mind you, the last time I had a car in a body shop was probably 30 years ago, but the stories of people waiting months for parts i...
by TheGreyingDuke
Mon Aug 06, 2018 8:26 am
Forum: Personal Consumer Issues
Topic: Should I roast my own coffee?
Replies: 43
Views: 2849

Re: Should I roast my own coffee?

I have tried some of the cheap methods of home roasting (cast iron pan, popcorn device) and was never satisfied with the results. I have moved to an area where the regional supermarket (Wegman's) will custom roast your coffee for you. They have 5 r 6 choices of green beans, all designated organic, a...
by TheGreyingDuke
Tue Jul 31, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for son and daughter-in-law
Replies: 58
Views: 3140

Re: Life Insurance for son and daughter-in-law

It always interests me the extent to which people are involved in the finances of extended family members — children, parents, sisters, brothers, etc. Obviously, in many cases the extended family member has actively sought the advice of others or has at least provided financial details to others. B...
by TheGreyingDuke
Tue Jul 31, 2018 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for son and daughter-in-law
Replies: 58
Views: 3140

Re: Life Insurance for son and daughter-in-law

Folks, we aren't going to change the OP's mind. He seems to be opposed to them buying life insurance, and it's probably not his decision to make anyway. Besides, he hasn't posted in days anyway. OP here, sorry that I was missing, somehow I missed the message that there were additional comments. I a...
by TheGreyingDuke
Sun Jul 29, 2018 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for son and daughter-in-law
Replies: 58
Views: 3140

Re: Life Insurance for son and daughter-in-law

willthrill81 wrote:
Sat Jul 28, 2018 9:41 pm

If the employer is paying for it, it's probably tied to him working there. It's possible that he may be able to pay for it on his own after leaving, but the cost may be very high. And you've said nothing about life insurance for your DIL.
As mentioned, he is paying for the additional coverage
by TheGreyingDuke
Sat Jul 28, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for son and daughter-in-law
Replies: 58
Views: 3140

Re: Life Insurance for son and daughter-in-law

Thanks for the comments... I am not sure that this additional insurance is job-related, that would describe the 3x annual salary insurance that Son gets as a benefit at no cost. This additional insurance seems to be independent of employment although he was referred by personnel office, he has to do...
by TheGreyingDuke
Sat Jul 28, 2018 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for son and daughter-in-law
Replies: 58
Views: 3140

Re: Life Insurance for son and daughter-in-law

x2, they should have at least $1M each depending on incomes. Buying more coverage through work is also a bad idea, they should buy it on their own with indiviual policies. Are they really going to miss $50-100/month with a $200k+ income? A very small price to pay for peace of mind at their ages.. C...
by TheGreyingDuke
Sat Jul 28, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for son and daughter-in-law
Replies: 58
Views: 3140

Re: Life Insurance for son and daughter-in-law

$450k seems awfully light for a family with a combined income of $225k, even if they're almost debt free. They would be a very rare family indeed if they didn't depend on both spouse's income. To the extent that they do, more life insurance is needed on both of them They could live on one spouse's ...
by TheGreyingDuke
Sat Jul 28, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for son and daughter-in-law
Replies: 58
Views: 3140

Life Insurance for son and daughter-in-law

They are in their mid-30's have an 18-month-old and maybe more on the way. Son is tenured at Ivy university, daughter-in-law on her way. They will have paid off their home by the end of 2019, both my wife and DIL's mother/father (divorced) have ample means to assist if needed. Annual combined salary...
by TheGreyingDuke
Sat Jul 28, 2018 7:53 am
Forum: Personal Consumer Issues
Topic: Suggest an electric car: Volt? Alternative?
Replies: 49
Views: 4150

Re: Suggest an electric car: Volt? Alternative?

A cam chain "should" never need replacement, according to VW :shock:

On my 2009 TSFI Jetta a weakness identified by many is the cam tensioner, be sure that if you do the repair that it is not that part that is giving you grief. It depends on oil pressure and is a known problem on these engines.
by TheGreyingDuke
Fri Jul 27, 2018 8:13 pm
Forum: Personal Consumer Issues
Topic: Suggest an electric car: Volt? Alternative?
Replies: 49
Views: 4150

Re: Suggest an electric car: Volt? Alternative?

The 2008 GTI almost certainly has a timing belt. The TSFI engine, with its timing chain, did not come until the 2009 model, of course you may have a rare bird. The usual specs for the 2008 GTI include a timing belt from the crank pulley to the camshaft and a chain from one cam to the other. It is th...
by TheGreyingDuke
Fri Jul 27, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: Buying a used car..how many owners is too many owners?
Replies: 14
Views: 1442

Re: Buying a used car..how many owners is too many owners?

I would rather buy a used car from a senior couple retired in Sun City that bought the car brand new and only use it to get groceries every week. The rest of the time is sat in an enclosed garage next to an identical older car they keep for a "spare". One owner. Short trips with infrequent use can ...
by TheGreyingDuke
Thu Jul 26, 2018 8:01 pm
Forum: Personal Consumer Issues
Topic: Suggest an electric car: Volt? Alternative?
Replies: 49
Views: 4150

Re: Suggest an electric car: Volt? Alternative?

I am in a similar position... My current ride is a 2009 Jetta (Golf) Sportwagen a rare bird in the US as it has the 2.0 TSFI engine like the GTI and a 6 speed. Great car just back from a 500-mile round trip with wife, son, daughter-in-law, and granddaughter, average 33MPG (on premium) and lots of ba...
by TheGreyingDuke
Wed Jul 18, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Electric/Hybrid Tax Credits
Replies: 14
Views: 1159

Re: Electric/Hybrid Tax Credits

The electric vehicle credit is non-refundable. i.e it can't be more than your tax liability. Can someone help me understand this? Is my tax liability what I owe extra at the time of filing taxes in 2019 or does it also include all the taxes what I owe but already have paid and have zero tax liabili...
by TheGreyingDuke
Tue Jul 17, 2018 10:02 pm
Forum: Investing - Theory, News & General
Topic: New Vanguard Security Code Requirement [2FA: Two-factor authentication]
Replies: 185
Views: 13435

Re: New Vanguard Security Code Requirement

It also plays havoc on anyone with Mint or Quicken tracking software. Unlike most Bogleheads who look at their balance once a year, I actually do daily monitoring. Not to make changes or react, but just to monitor for unauthorized transactions or errors (across all financial accounts, not just reti...
by TheGreyingDuke
Mon Jul 09, 2018 8:13 pm
Forum: Personal Consumer Issues
Topic: Avocado oil --recommendations?
Replies: 21
Views: 2203

Re: Avocado oil --recommendations?

Costco or BJ's
by TheGreyingDuke
Thu Jul 05, 2018 7:56 pm
Forum: Personal Consumer Issues
Topic: Coffee Grinder recommendations
Replies: 56
Views: 3463

Re: Coffee Grinder recommendations

Another vote for the Brataza, the encore in your case. Great machine, excellent service and runs without complaint. I have had mine for four years, grind about 60 g of coffee each morning, get my coffee custom roasted at Wegman's and it is never more than 6 days past roast date.
by TheGreyingDuke
Tue Jun 26, 2018 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: NY Insurance Costs on the Rise
Replies: 21
Views: 2107

Re: NY Insurance Costs on the Rise

I am upstate, auto just renewed at the same price, the umbrella hasn't changed in years (but we are retired folk and I think you get rated on your total risks).
by TheGreyingDuke
Tue Jun 26, 2018 4:04 pm
Forum: Personal Consumer Issues
Topic: car for long-distance driving
Replies: 80
Views: 5680

Re: car for long-distance driving

It sounds as if you are a Costco member, their Visa card which comes with membership, provides primary coverage on rental cars, up to its limits.
by TheGreyingDuke
Fri Jun 22, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: What do we mean when we say "HCOL vs LCOL" location?
Replies: 34
Views: 2726

Re: What do we mean when we say "HCOL vs LCOL" location?

Also to be considered is what you get for your "cost". Living in Manhattan the need for a car is zero, saving thousands of dollars a year. Living in an area with a good library saves me thousands a year in book purchases, movie access however you choose, and magazines. I could live in a nearby area,...
by TheGreyingDuke
Mon Jun 18, 2018 7:55 am
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 9407

Re: Which Supermarket are you?

Another endorsement of Wegman's, a Rochester, NY regional chain. Great selections that vary by the store, good store brand products of high quality, and like many markets today, lots of prepared foods, better than a fast food joint for a quick lunch on the go. In my local store, they will custom roa...
by TheGreyingDuke
Sun Jun 17, 2018 7:46 am
Forum: Personal Consumer Issues
Topic: Standard buyer's remorse or poorly timed enlightenment?
Replies: 40
Views: 3906

Re: Standard buyer's remorse or poorly timed enlightenment?

My brother had a house in Ridgefield, installed an attic fan and MOST nights it did a great job of cooling the house.
by TheGreyingDuke
Fri Jun 15, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Using donor advised fund to diversify stock with large capital gains
Replies: 41
Views: 2802

Re: Using donor advised fund to diversify stock with large capital gains

T Consequently, I periodically transfer chunks of assets from the Vanguard DAF to the Fidelity DAF in order to make use of items 2 and 3 when I have to. It is a significant flaw in Vanguard's system which will not allow you to easily make a grant recommendation on behalf of someone, so I cannot rec...
by TheGreyingDuke
Tue Jun 12, 2018 5:12 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 177
Views: 22559

Re: Vaguard - You'll need to sign up for security codes soon

While my wife is quite adept with smartphones and computers, she will not tolerate time on investments. I am an authorized agent on her account, it all appears with my log in and all is good.

We have multiple accounts, TIRA, Roth, Taxable X2, and a JTROS
by TheGreyingDuke
Tue Jun 12, 2018 8:37 am
Forum: Personal Consumer Issues
Topic: A Simple new car lease formula?
Replies: 14
Views: 1655

Re: A Simple new car lease formula?

Do you mind mentioning what brand and model vehicles those are? And you are calculating the monthly percent based on MSRP, correct? A lot of vehicles typically sell quite a bit below MSRP, especially if there are rebates and incentives available. So, the actual monthly percent would be higher if yo...
by TheGreyingDuke
Mon Jun 11, 2018 8:39 pm
Forum: Personal Consumer Issues
Topic: A Simple new car lease formula?
Replies: 14
Views: 1655

Re: A Simple new car lease formula?

ncbill wrote:
Mon Jun 11, 2018 1:54 pm

OP has discovered the "1% rule"

anyone interested in leasing should spend a considerable amount of time over on the leasehackr.com forums.
by TheGreyingDuke
Sat Jun 09, 2018 10:39 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 111535

Re: To take or not to take delivery of Tesla 3

That sounds really low to me. Having said that, if you pick up a base 3 and want to sell it for $15,000+ after driving it for 3 years, I would buy it sight unseen as long as it wasn't wrecked. IMO, the 3 is years ahead of the competition. https://www.reddit.com/r/teslamotors/comments/8nhodw/model_3...
by TheGreyingDuke
Sat Jun 09, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 111535

Re: To take or not to take delivery of Tesla 3

That sounds really low to me. Having said that, if you pick up a base 3 and want to sell it for $15,000+ after driving it for 3 years, I would buy it sight unseen as long as it wasn't wrecked. IMO, the 3 is years ahead of the competition. https://www.reddit.com/r/teslamotors/comments/8nhodw/model_3...
by TheGreyingDuke
Sat Jun 09, 2018 8:48 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 111535

Re: To take or not to take delivery of Tesla 3

Going back on topic, I think someone should take delivery if they want a new, sporty, efficient EV. The 3 to me has 90+% of the practicality and efficiency of a Prius with 90+% of the performance and appeal of a luxury sports sedan. No other manufacturer's offering anything close right now, and I t...
by TheGreyingDuke
Mon Jun 04, 2018 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: NYS 457
Replies: 9
Views: 847

Re: NYS 457

Hi all, I am new to the BH community and looking for some advice on my NYS 457 plan and how to set it up. Been contributing 15% for 10 years and have 175k in my account. No financial background and just listened to a co worker on how to set up my plan. After learning a little more about finances I ...
by TheGreyingDuke
Mon Jun 04, 2018 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Redemption Speed - Vanguard Federal Money Market
Replies: 7
Views: 773

Re: Redemption Speed - Vanguard Federal Money Market

That doesn't sound right. I do push ACH transactions (I initiate on the Vanguard site) to my USAA checking account and I normally get funds in the checking account the next business day. I just did a transfer Friday and it hit my bank today. This is my experience as well, the receiving bank may hol...
by TheGreyingDuke
Sun Jun 03, 2018 6:40 pm
Forum: Personal Consumer Issues
Topic: Advice for assisting 18 year old son after high school
Replies: 70
Views: 5818

Re: Advice for assisting 18 year old son after high school

I would urge you to get some feedback from places other this wonderful FINANCIAL advice site. There is a concept in behavioral psychology known as collapsing domains. Just as I would not ask a trusted physician for financial advice I would also not ask people here for the sort of advice you are seek...
by TheGreyingDuke
Sun Jun 03, 2018 7:25 am
Forum: Personal Consumer Issues
Topic: Enterprise vs Avis
Replies: 43
Views: 3094

Re: Enterprise vs Avis

We make regular use (1-2X/month) of car rentals, and are in a rural area. It is a 20-minute drive to the airport, a bit less to Enterprise. The tipping factor is that Enterprise will pick my wife up and bring her home saving me the drive. If a search on Costco yields a much lower price at the airpor...