Search found 3541 matches

by carolinaman
Wed Apr 24, 2019 6:07 am
Forum: Personal Consumer Issues
Topic: Who is buying 1-3 year old used Toyotas and Hondas?
Replies: 59
Views: 4530

Re: Who is buying 1-3 year old used Toyotas and Hondas?

Used cars usually are marked up a lot and if you are good at negotiating, you can get a good deal. Asking price can vary a lot, the true comparison is out the door price. There are some deals who have a no haggle policy for both new and used. That gives you a fair comparison of new vs used. My son r...
by carolinaman
Tue Apr 23, 2019 6:59 am
Forum: Personal Finance (Not Investing)
Topic: travel budget in retirement
Replies: 46
Views: 2867

Re: travel budget in retirement

How much in percentage of annual income do you budget for travel as a retiree? Thanks in advance. cjh This is a very individual question. Travel will vary widely depending on the individual and their travel plans. Perhaps your best approach is to budget yearly based upon available funds and travel ...
by carolinaman
Thu Apr 18, 2019 7:51 am
Forum: Investing - Theory, News & General
Topic: Pension Govt vs a High match job with higher pay.
Replies: 16
Views: 1707

Re: Pension Govt vs a High match job with higher pay.

What are your career goals? Are you content to have the same or similar job you have when you retire? Sometimes a job change will offer greater career advancement opportunities. This may not be a factor in your decision but you should at least think about your long term goals and how each job addres...
by carolinaman
Thu Apr 18, 2019 7:41 am
Forum: Personal Investments
Topic: Private Sector Job or Stay with State Job
Replies: 9
Views: 966

Re: Private Sector Job or Stay with State Job

I can relate to your situation. I came to local govt from the private sector when I was in mid 40s. I was criticized by my first boss because I approached things with a "private sector mentality". I took it as a compliment and tried to keep that approach for the 22 years I was there. I was head of a...
by carolinaman
Wed Apr 17, 2019 7:38 am
Forum: Personal Consumer Issues
Topic: What Are Your Simple Pleasures?
Replies: 101
Views: 5690

Re: What Are Your Simple Pleasures?

28fe6 wrote:
Tue Apr 16, 2019 8:44 am
coffee
+1. Starbucks Pike Place made at home.
by carolinaman
Tue Apr 16, 2019 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Executor of Will - Selling House in Poor Condition
Replies: 84
Views: 6381

Re: Executor of Will - Selling House in Poor Condition

I think the house should be emptied of clutter first. You can do this one of two ways. One, just clear everything out indiscriminately without any attempt to save anything. Two, sort through things to make sure valuables and family keepsakes are not thrown away. This seems to be your wife's desired ...
by carolinaman
Tue Apr 16, 2019 7:23 am
Forum: Personal Consumer Issues
Topic: Scotland Golf Trip
Replies: 7
Views: 473

Re: Scotland Golf Trip

I'm taking a once-in-a-lifetime golf trip with my dad (we're playing six top courses in the St Andrews and Glasgow area). Any advice on how to remember the trip and say thank you for such a great experience? Besides just saying that the memory is significant to me, I planned on taking photos of us ...
by carolinaman
Tue Apr 16, 2019 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Help needed thinking through issues re: child’s disability
Replies: 22
Views: 1854

Re: Help needed thinking through issues re: child’s disability

Many states provide special education support services (even prior to kindergarten) for children with disabilities. See what the rules and limits are from your local school district. In some states services can begin by age 3 or 4. The idea is to do everything possible to "mainstream" the child int...
by carolinaman
Mon Apr 15, 2019 7:19 am
Forum: Personal Consumer Issues
Topic: How to get rid of musty smell in house
Replies: 17
Views: 1503

Re: How to get rid of musty smell in house

Make sure your duct work is properly sealed. This is especially true if you have a crawl space. Older duct work is more likely to have issues but if poorly installed, even new duct work can have issues. Ideally, should use mastic sealant. Never use duct tape which sticks to everything except duct wo...
by carolinaman
Mon Apr 15, 2019 7:09 am
Forum: Personal Investments
Topic: Retirement Planning with Pension
Replies: 18
Views: 2075

Re: Retirement Planning with Pension

Here is an article describing 403 and 457. One notable advantage of 457 is you can take distributions early without the 10% penalty. https://www.investopedia.com/articles/personal-finance/111615/457-plans-and-403b-plans-comparison.asp Public pensions vary a lot in their financial soundness and abili...
by carolinaman
Fri Apr 12, 2019 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Appraised vs Market Value of Home
Replies: 23
Views: 1314

Re: Appraised vs Market Value of Home

Our county just did a re-appraisal of all property which it does every 8 years. The county takes a mass appraisal approach. They never inspect the homes except from the street. They rely heavily upon comparable sales. Since the re-appraisal was just done, one would think it is reasonably accurate, b...
by carolinaman
Fri Apr 12, 2019 7:23 am
Forum: Personal Consumer Issues
Topic: Buying a bed
Replies: 42
Views: 2902

Re: Buying a bed

Check this out: https://bestmattressonline.org/top10.html I wouldn't trust any site like this. There are no reputable mattress reviews online. Previous threads have discussed the schemes that these companies use to drive sales via sham reviews and kickbacks to the reviewers. So you'd rather trust s...
by carolinaman
Fri Apr 12, 2019 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Can I semi-retire now?
Replies: 138
Views: 12471

Re: Can I semi-retire now?

Does the expense exclusion of $13k apply just to property taxes or to all taxes and health insurance? Your plan seems quite viable assuming your wife gets a full time teaching position with health benefits. Your consulting income, assuming that is viable, would provide even more assurance to your pl...
by carolinaman
Fri Apr 12, 2019 6:55 am
Forum: Personal Consumer Issues
Topic: Ingenious Way To Find Reasonably Priced Painter
Replies: 57
Views: 6049

Re: Ingenious Way To Find Reasonably Priced Painter

Home construction and home improvement subs have been crazy busy in our area in last year or so. My son is a re-modeler and he says it is often hard to get anyone to respond to a call. If that is true in your area, the best painters are going to have plenty of work and will be inclined to quote a hi...
by carolinaman
Fri Apr 12, 2019 6:37 am
Forum: Personal Consumer Issues
Topic: Help Me Move to Low Country USA
Replies: 22
Views: 2838

Re: Help Me Move to Low Country USA

For those curious about the term "low country" or "low lands", these are marketing terms for swamp land. There is water every where in the low country. Alligators are in abundance too, but that really should not deter you. My daughter lives in Mt Pleasant SC, a suburb of Charleston, and we love that...
by carolinaman
Thu Apr 11, 2019 7:18 am
Forum: Personal Finance (Not Investing)
Topic: sort of deadbeat tenant
Replies: 23
Views: 2707

Re: sort of deadbeat tenant

Your greater concern should be will he leave as planned? You may want to brush up on eviction laws in your state. It is not always simple or quick to evict someone.
by carolinaman
Thu Apr 11, 2019 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Is there any limit on online payment to IRS ?
Replies: 12
Views: 593

Re: Is there any limit on online payment to IRS ?

Why not Fedex a check to them? You still have time.
by carolinaman
Wed Apr 10, 2019 7:02 am
Forum: Personal Consumer Issues
Topic: How Much Do You Pay For Haircut?
Replies: 115
Views: 6236

Re: How Much Do You Pay For Haircut?

I used to pay $8 to $10 but I had 2 barbers retire on me. I then tried using a local chain with offices everywhere. I never got the same barber twice and they did a lousy job. I finally started having my wife's hair dresser cut my hair. She charges $18 plus tip ($3) and does a great job considering ...
by carolinaman
Wed Apr 10, 2019 6:56 am
Forum: Personal Consumer Issues
Topic: Charleston with kids for a couple of days
Replies: 10
Views: 597

Re: Charleston with kids for a couple of days

Do a carriage ride. They provide lots of interesting facts about historic Charleston. You could drive to Isle of Palms and walk on the beach. It is a nice beach and closest one to downtown. One of our favorite restaurants is nearby, The Boathouse, which is on the Intracoastal next to bridge connecti...
by carolinaman
Wed Apr 10, 2019 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Not much work at new megacorp job
Replies: 70
Views: 5487

Re: Not much work at new megacorp job

I suggest talking to your boss and telling him you have the capacity to do additional work and would welcome the opportunity to do so. It would help if you have some ideas about what you could do: new projects, things not being done today or where you could be helpful. Also, if there are relevant sk...
by carolinaman
Wed Apr 10, 2019 6:11 am
Forum: Personal Finance (Not Investing)
Topic: New Loan an expense?
Replies: 3
Views: 296

Re: New Loan an expense?

The loan payments would be an expense as they occur. The loan balance is a liability in your net worth statement.
by carolinaman
Tue Apr 09, 2019 6:59 am
Forum: Personal Consumer Issues
Topic: Car Repairs - Make Insurance Claim or Self-Pay?
Replies: 22
Views: 1334

Re: Car Repairs - Make Insurance Claim or Self-Pay?

8foot7 wrote:
Tue Apr 09, 2019 6:46 am
For $6,000 I’d be filing with insurance. That’s what I’m paying for. Agree with others that I’d drop collision after repair is made.
$6k is too much to absorb personally. I would report it. If damage is in $1k to $2k range, I would absorb it.
by carolinaman
Mon Apr 08, 2019 11:34 am
Forum: Personal Consumer Issues
Topic: New homeowner wants to DIY, but disappointed today
Replies: 50
Views: 4992

Re: New homeowner wants to DIY, but disappointed today

I used to DIY on lots of home things long before the Internet. Mine was more out of necessity but once my career took off, I got really busy and gladly relinquished those DIY projects for the most part. Now in retirement I tackle some. I find Youtube videos to sometimes be helpful but other times mi...
by carolinaman
Sat Apr 06, 2019 7:43 am
Forum: Personal Consumer Issues
Topic: Definite roof leak - roof inspector or roofing company?
Replies: 16
Views: 1252

Re: Definite roof leak - roof inspector or roofing company?

Anything as simple as an exposed nail-head can cause a leak. A lot of times the heat and ice can push the roofing nails up through the shingles and you have to hammer them back down and put some silicone over the top. Depending on the height, you may get up and take a look at it. Might check the dr...
by carolinaman
Sat Apr 06, 2019 7:36 am
Forum: Forum Issues and Administration
Topic: Warning level
Replies: 6
Views: 1426

Re: Warning level

Ask the site administrators so you will know what you did wrong.
by carolinaman
Fri Apr 05, 2019 2:53 pm
Forum: Personal Consumer Issues
Topic: What is a fair price for a used car?
Replies: 15
Views: 1129

Re: What is a fair price for a used car?

A "fair" price for anything is whatever price the seller is willing to sell for and the buyer is willing to pay. :D Good tips above - there is a lot of data available for this. I will add that if you're buying from a dealer that negotiates (i.e. not Carmax or others with a fixed pricing model), you...
by carolinaman
Fri Apr 05, 2019 8:45 am
Forum: Personal Investments
Topic: Defined Benefit Plans after leaving job - how to decide whether to leave in or withdraw?
Replies: 11
Views: 622

Re: Defined Benefit Plans after leaving job - how to decide whether to leave in or withdraw?

I left a local govt job in NC after vesting with 5 years. I did not plan to ever work for govt again so I cashed my contributions which was $10k. 5 years later my prior boss took early retirement and I was hired to replace him. I wanted to buy back my time but the cost was prohibitively expensive un...
by carolinaman
Fri Apr 05, 2019 8:30 am
Forum: Personal Consumer Issues
Topic: What is a fair price for a used car?
Replies: 15
Views: 1129

Re: What is a fair price for a used car?

My son and I used Cargurus.com last Fall searching for late model truck. You tell it what you are looking for and it will give you a list of vehicles in your area, including telling you how good a deal it is. This is great for shopping and you get a sense for what is a good deal and not a good deal....
by carolinaman
Wed Apr 03, 2019 9:17 am
Forum: Investing - Theory, News & General
Topic: Make sure your retirement investment plan includes being fired from your job in your 50s
Replies: 285
Views: 16449

Re: Make sure your retirement investment plan includes being fired from your job in your 50s

This is very different than the experience of people I know in this age group. The majority of those who have skills and were job ready (didn't require training) landed new jobs at equal or greater compensation, but I realized this is antidotal with a very small sample size. Also, I have known a sm...
by carolinaman
Wed Apr 03, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Keeping a stash of vacation days as unemployment "insurance"
Replies: 70
Views: 4851

Re: Keeping a stash of vacation days as unemployment "insurance"

The last few years of my government job, I got 5 weeks per year. It was hard to take that much and do my job so I usually left 5 to 10 days unused. We were allowed to carry over a maximum of 6 weeks at the end of the year. Any excess went to sick leave which accumulated with no maximum. Upon retirem...
by carolinaman
Wed Apr 03, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Adjusting to lower compensation from a retirement job
Replies: 42
Views: 1710

Re: Adjusting to lower compensation from a retirement job

The first 2 years after retirement were incredibly busy for me. I volunteered about 2 days a week and had a lot of home projects that had been waiting on my retirement. DW and I took a couple of nice vacations. Also, my mother was ill and I spent a considerable time helping her. After 2 years, my bi...
by carolinaman
Tue Apr 02, 2019 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Evaluating a Job Offer - Do I Take The Job?
Replies: 7
Views: 1001

Re: Evaluating a Job Offer - Do I Take The Job?

I went to work for a tech startup when I was 39. I worked there for over 5 years and I often say I got 15 years experience in 5 years due to the fast pace and variety of things I did. It helped me land an IT executive position which I stayed in until retirement. It sounds as if you are in a very sta...
by carolinaman
Tue Apr 02, 2019 7:15 am
Forum: Personal Consumer Issues
Topic: Folks in their 60s and above. What early investment on health do you recommend.
Replies: 193
Views: 12625

Re: Folks in their 60s and above. What early investment on health do you recommend.

In addition to the many good suggestions already mentioned, a healthy diet is really important. The American diet is generally pretty bad. Fast food, high fat foods, fried foods, too much sugar, etc. I developed a serious GERD condition about 10 years ago and had to radically change my diet. I wish ...
by carolinaman
Sat Mar 30, 2019 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Passed Over For Promotion for Being too Good at My Job
Replies: 55
Views: 5461

Re: Passed Over For Promotion for Being too Good at My Job

You could get competing job offers and threaten to leave if they don't promote you. Your manager acted foolishly for essentially admitting that he wants you under him where he can take credit for your successes instead of competing against him. Makes me think this employer has seriously failed at p...
by carolinaman
Sat Mar 30, 2019 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Thinking about going into sales from engineering
Replies: 39
Views: 2622

Re: Thinking about going into sales from engineering

I think the perception that a sales person has to be gregarious and outgoing is not true. A good personality helps in any job but I have seen really good sales people who were introverts. They tend to be more focused on what they are doing and the prospects needs, and they can be more efficient of b...
by carolinaman
Sat Mar 30, 2019 6:37 am
Forum: Personal Consumer Issues
Topic: TVs: OLED vs. QLED
Replies: 52
Views: 3988

Re: TVs and washers

You are going to keep your washer and dryer far longer than you keep your TV. If only. Kenmore washer made by LG has control board die at age 7-1/2. Authorized LG repair service says: “Buy a new washer”. We did. A Miele. Three Panasonic plasma TVs, ages 7-11, are still looking very good. Our TVs te...
by carolinaman
Fri Mar 29, 2019 9:56 am
Forum: Personal Investments
Topic: Guaranteed 3% for the next 20 years or take a chance on the market?
Replies: 13
Views: 2508

Re: Guaranteed 3% for the next 20 years or take a chance on the market?

I do not think it has to be an either or situation. If they were to rollover the money, they can get 3%+ in CDs today if they shop around. They could choose to allocate percentages to fixed income and equities based upon their needs and risk tolerance. Most employer retirement accounts have multiple...
by carolinaman
Fri Mar 29, 2019 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Retirement: What expenses did you reduce?
Replies: 63
Views: 4159

Re: Retirement: What expenses did you reduce?

It can be a mixed bag for retirees regarding expenses. Work related expenses go away (commute, lunch, clothes, etc.) and no more FICA, 401k, insurance, etc. However, some expenses may increase like travel, hobbies, leisure time activities, and so forth. Now that we have more time on our hands, we ca...
by carolinaman
Fri Mar 29, 2019 9:42 am
Forum: Personal Investments
Topic: Service Credit Purchase Pension advice
Replies: 19
Views: 594

Re: Service Credit Purchase Pension advice

I am not going to do the math, but I recommend that you buy the time. It clearly seems advantageous in option 1. Not sure which option is best for you, but if I had the money, I would use funds for option 1 (I try to avoid borrowing money). FWIW, I bought 5.3 years in my public pension fund about 10...
by carolinaman
Fri Mar 29, 2019 9:29 am
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 750
Views: 65951

Re: That's enough for me in 2019

My problem is that I have never been able to figure out when to get out of the market, and when to get back into the market. You have to get both of those right for market timing. Who knows what Mr Market will do. He might go up another 15% or more and then decide to crash after you buy back in next...
by carolinaman
Fri Mar 29, 2019 9:24 am
Forum: Investing - Theory, News & General
Topic: How much $$ would it take for you walk away from investing?
Replies: 45
Views: 4098

Re: How much $$ would it take for you walk away from investing?

I would remain invested in a simple portfolio, probably the Boglehead 3 fund portfolio. I would not be concerned about making money for myself but to put my money to work and use income for charities and philanthropic purposes. Buffett has given more than $30B to charity. Steve Case, AOL founder has...
by carolinaman
Fri Mar 29, 2019 9:11 am
Forum: Personal Consumer Issues
Topic: Shut off water before a vacation
Replies: 78
Views: 5796

Re: Shut off water before a vacation

We probably should but have never done it. However, we have our son drop by and check our house while we are gone.
by carolinaman
Thu Mar 28, 2019 7:42 am
Forum: Personal Consumer Issues
Topic: Returning back to former job
Replies: 12
Views: 1062

Re: Returning back to former job

The only comment I wonder about from your post is that you've only been there a few weeks. Is that really enough time to conclude that you shouldnt have left in the first place? I have the same thought; I'd at least give it 2-3 months. If your former company will take you back now, presumably they ...
by carolinaman
Thu Mar 28, 2019 7:29 am
Forum: Personal Investments
Topic: Debating renting our house after we move (also, financial assessment?)
Replies: 14
Views: 850

Re: Debating renting our house after we move (also, financial assessment?)

Do you really want the headaches of being a landlord? A rental management company can take some of those headaches away, but they take a nice chunk of your rent income too. When repairs are needed, you have to respond and pay up. When you are living in a home, you can delay some repairs, but as a la...
by carolinaman
Thu Mar 28, 2019 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Half of American retirees have no savings
Replies: 49
Views: 1994

Re: The Retirement Crisis

I have read a lot of articles in recent years making the case for a retirement crisis. Frankly, most of those articles quote far more statistics from creditable sources. This article makes some good points, especially the fact that SS will cover most of the income needs of poorer Americans. It is la...
by carolinaman
Wed Mar 27, 2019 11:48 am
Forum: Personal Consumer Issues
Topic: Need advice on refinishing furniture
Replies: 8
Views: 599

Re: Need advice on refinishing furniture

You could try reamalgamation, which is essentially dissolving and re-spreading the existing finish. Fairly easy process and on some pieces it can give you what you want. Beyond that, stripping, prepping, and refinishing is the way to go. If you have never done it before, practice on a piece that yo...
by carolinaman
Wed Mar 27, 2019 11:29 am
Forum: Investing - Theory, News & General
Topic: The real impact of inflation on Retired Folks?
Replies: 101
Views: 7900

Re: The real impact of inflation on Retired Folks?

*hedonic quality adjustment, which is usually controversial with average people. Most people naturally think the consumer should be able to 'pocket' increases in the performance, features, safety etc of the average new car now, then complain it's any more expensive than a much lesser car of years ag...
by carolinaman
Wed Mar 27, 2019 7:57 am
Forum: Personal Consumer Issues
Topic: Need advice on refinishing furniture
Replies: 8
Views: 599

Re: Need advice on refinishing furniture

I don't know of a specific forum but typing it into google and clicking on the video tab yields 234,000 results in .39 seconds. You are correct, but then you have to sift through lots of different websites. Most have little if any helpful info. There seems to be a lot of different approaches to ref...
by carolinaman
Wed Mar 27, 2019 7:04 am
Forum: Personal Consumer Issues
Topic: High School Senior Pictures
Replies: 91
Views: 4740

Re: High School Senior Pictures

$500 is expensive but she is only a senior once (hopefully!). This will not be the last pricey thing you have to deal with this year. Spend the money and make her happy. It is important to her. You may be able to do it cheaper and just as good, but it will not be the same for her.
by carolinaman
Wed Mar 27, 2019 6:57 am
Forum: Personal Consumer Issues
Topic: Moisture in Basement and House
Replies: 17
Views: 1164

Re: Moisture in Basement and House

Do you have a french drain around the perimeter of your house? Do you have gutters and are they routed away from the house, ideally they should be piped for 10' or more from house. Does your yard slope away from the house? I ask these questions because those are things that can prevent water from ge...