Search found 3643 matches

by carolinaman
Mon Jun 17, 2019 7:03 am
Forum: Personal Consumer Issues
Topic: Termites or Ants in Garden?
Replies: 17
Views: 1090

Re: Termites or Ants in Garden?

The 2nd pic is a termite. Why is having termites in your yard an issue? Termites are practically everywhere even if you cannot see them. Sure, you don't want them eating your home, but they will populate dead roots, old stumps, old buried stumps, your neighbors' homes, etc. No termite inspection is...
by carolinaman
Mon Jun 17, 2019 6:58 am
Forum: Personal Consumer Issues
Topic: User reviews - How do you use them?
Replies: 33
Views: 1141

Re: User reviews - How do you use them?

I tend to filter and look at the 2 and 3 star reviews (out of 5) because they often have substantive complaints. Then I look for recurring themes and decide if they would be an issue for me. I could care less about the 5 star glowing reviews. In the early days of the internet there was value in oth...
by carolinaman
Sun Jun 16, 2019 6:38 am
Forum: Personal Consumer Issues
Topic: IPhone 6 - showing some age
Replies: 66
Views: 3935

Re: IPhone 6 - showing some age

Other problem my iPhone 6 has is charging port makes poor contact with charging plug. Helps somewhat (but does not cure) to clean out the charging port, but keeping the plug plugged in is always precarious - I probably need a new charging port too. Or maybe I'm not capable of getting it clean enoug...
by carolinaman
Sat Jun 15, 2019 8:23 am
Forum: Personal Consumer Issues
Topic: IPhone 6 - showing some age
Replies: 66
Views: 3935

Re: IPhone 6 - showing some age

I do not know if this will work, but you might check with Batteries Plus if they are in your area. They are great for any type of battery and may be able to help you.

I agree with your philosophy of continuing to use things that still work for you.
by carolinaman
Thu Jun 13, 2019 10:54 am
Forum: Personal Investments
Topic: Monte Carlo Simulation
Replies: 44
Views: 3458

Re: Monte Carlo Simulation

MC is a good planning tool as long as you recognize its limitations. It is best if the tool you use allows you to input different estimates for inflation, performance, etc. so you can gauge results from different scenarios, ranging from expected to conservative. You should redo your MC analysis ever...
by carolinaman
Tue Jun 11, 2019 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Laminating important documents - a good idea?
Replies: 34
Views: 2414

Re: Laminating important documents - a good idea?

We laminated our Medicare cards and have had no problems using them for medical card. The old ones were worn out from 10 years of use.
by carolinaman
Tue Jun 11, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Late Life/End of Life Expenses
Replies: 38
Views: 3673

Re: Late Life/End of Life Expenses

End of life expenses vary a lot. Some people spend years in a nursing home and some never stay in a nursing home. This is a real issue for some but I also think the risk is overstated as well. Christine Benz published an article with relevant statistics on this topic that might be helpful: https://w...
by carolinaman
Mon Jun 10, 2019 7:55 am
Forum: Personal Consumer Issues
Topic: Best option paying for new house
Replies: 9
Views: 1110

Re: Best option paying for new house

I don't see the point for keeping the current house given what your financial situation appears to be. List it at a competitive price, maybe at a price that will get you multiple offers to bring it up to market, and move on. There's a cost to carry an empty house: property tax, insurance, maintenan...
by carolinaman
Mon Jun 10, 2019 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Life Strategy Vs. Investment Strategy
Replies: 14
Views: 1377

Re: Life Strategy Vs. Investment Strategy

My career is dead end for a guy not willing to jump through anymore hoops so I am having trouble getting my old drive back. I have over a million saved in 401K which should double twice at least by the time I am 65 (I know we could argue that but it's not the point here) and 2 pensions coming. Add ...
by carolinaman
Sun Jun 09, 2019 6:40 am
Forum: Investing - Theory, News & General
Topic: The impact of Baby Boomers on the Future of U.S. Stocks
Replies: 41
Views: 5183

Re: The impact of Baby Boomers on the Future of U.S. Stocks

I think we tend to overestimate the impact most individual investors have on the stock market. https://www.nytimes.com/2018/02/08/business/economy/stocks-economy.html "A whopping 84 percent of all stocks owned by Americans belong to the wealthiest 10 percent of households. And that includes everyone...
by carolinaman
Sat Jun 08, 2019 11:26 am
Forum: Personal Consumer Issues
Topic: Protecting wood cabinet doors
Replies: 9
Views: 927

Re: Protecting wood cabinet doors

Kitchen cabinets tend to get grease buildup over time. So even if there is spills, they need cleaning, and, IMO, soap and water is not enough to remove serious grease buildup.
by carolinaman
Sat Jun 08, 2019 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Estimating Inflation in Retirement
Replies: 35
Views: 2536

Re: Estimating Inflation in Retirement

It is interesting that so many people ignore inflation in retirement planning yet it is considered one of the biggest risks for retirees.
by carolinaman
Fri Jun 07, 2019 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating Inflation in Retirement
Replies: 35
Views: 2536

Re: Estimating Inflation in Retirement

I use 3% which is higher than recent inflation but gives me some cushion when inflation does go higher.
by carolinaman
Fri Jun 07, 2019 12:39 pm
Forum: Personal Consumer Issues
Topic: Lodging and restaurants in Boone, NC.
Replies: 21
Views: 1369

Re: Lodging and restaurants in Boone, NC.

Blister wrote:
Fri Jun 07, 2019 10:20 am
Those not from the south may want to try the Daniel Boone Inn for one meal. There the food is served Family style. You sit at a big table with others and pass the bowl. Truly a learning experience.
+1. And if you are from the South, go too for a great Southern home cooked meal.
by carolinaman
Fri Jun 07, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Consulting [How is consulting work done?]
Replies: 12
Views: 1594

Re: Consulting [How is consulting work done?]

Consulting is mostly marketing yourself. The difficulty is that 99% of suggested marketing is wasted effort. The trick is to know who at companies hires consultants. As an example, if you are an engineer, then the engineering department of a company is probably not going to hire you (Feel free to r...
by carolinaman
Fri Jun 07, 2019 12:23 pm
Forum: Personal Consumer Issues
Topic: Protecting wood cabinet doors
Replies: 9
Views: 927

Re: Protecting wood cabinet doors

We got new kitchen cabinets 6 years ago. They are cherry wood and look great. I normally use Murphy Oil Soap about once a month to clean. I also use Old English lemon soap on our better wood furniture. Both products clean and give a nice look.

If I am doing this wrong, hopefully someone will tell me.
by carolinaman
Thu Jun 06, 2019 8:00 am
Forum: Personal Investments
Topic: Spreadsheet or math help needed. [Timing when to buy]
Replies: 9
Views: 1239

Re: Spreadsheet or math help needed.

As I understand it, it is generally better to invest a lump sum than to dollar cost average because the trend long term is for the market to go up. However, both lump sum and DCA are acceptable strategies for investing. If you can figure out how to determine when to buy with a high degree of accurac...
by carolinaman
Thu Jun 06, 2019 7:50 am
Forum: Personal Consumer Issues
Topic: How to pay electrician
Replies: 38
Views: 3455

Re: How to pay electrician

There are often unforeseen complications that increase the cost of a project like this. I am unsure how material a cost overrun this is since you did not say how much the proposed cost was. At a minimum, this guy needs to give you a satisfactory explanatory for the increase. I would talk to him and ...
by carolinaman
Thu Jun 06, 2019 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions on fraudulent medical bill
Replies: 88
Views: 6070

Re: Suggestions on fraudulent medical bill

SevenBridgesRoad wrote:
Wed Jun 05, 2019 6:13 pm
https://emuniversity.com/Page3.html

Level 2 hospital H&P requires comprehensive exam. That can’t be done from across the room. I would challenge this.
Really! He has already appealed once and they rejected his appeal. This is for $72. Pay it and move on.
by carolinaman
Wed Jun 05, 2019 8:01 am
Forum: Personal Consumer Issues
Topic: Any TV guys out there?
Replies: 35
Views: 2629

Re: Any TV guys out there?

My issue wouldn't be the TV, it's fantastic. My issue is buying it at Best Buy. They have to be able to beat Costco on a similar TV, while including a 3 year extended warranty, since that comes standard at Costco when I use my Costco Citi. I bought a 65 Sony last year from Best Buy. I got the mfr 1...
by carolinaman
Wed Jun 05, 2019 7:41 am
Forum: Personal Consumer Issues
Topic: Are we downsizing too much?
Replies: 63
Views: 4684

Re: Are we downsizing too much?

1800 sqft sounds good for your plans. i definitely recommend a one level ranch style home. So many people have to move from 2 story homes as they age because they have difficulty with stairs. The layout is as important as the size. I like the idea of a large master BR and 2 smaller BRs for guests an...
by carolinaman
Wed Jun 05, 2019 7:33 am
Forum: Personal Consumer Issues
Topic: Do you drive old cars for long distance travels?
Replies: 105
Views: 6955

Re: Do you drive old cars for long distance travels?

We have not rented a car in several years, but we had excellent results a few years ago renting from Enterprise. We usually got a larger car than what we asked for and paid for. The daily rental rate for a basic car was low and we got unlimited miles. In my small community, I have three choices. I ...
by carolinaman
Tue Jun 04, 2019 9:00 am
Forum: Personal Consumer Issues
Topic: Do you drive old cars for long distance travels?
Replies: 105
Views: 6955

Re: Do you drive old cars for long distance travels?

We have a 2007 Toyota Avalon with 160k miles and a 2014 Camry Hybrid with 65k miles. Both cars are in good mechanical condition. Our dilemma is that the Avalon has a much smoother ride and is better for long trips. However, I do have concerns about breaking down somewhere distant on the road. This h...
by carolinaman
Tue Jun 04, 2019 8:46 am
Forum: Personal Consumer Issues
Topic: Medicare broker
Replies: 27
Views: 1016

Re: Medicare broker

I agree that your state's SHIIP agency is a great resource and you should try them first. SHIIP provides good information and advice. If you have a non standard situation they might not be as familiar with that, but a "broker" may not be either. Signing up for Medicare requires some effort to learn ...
by carolinaman
Mon Jun 03, 2019 11:13 am
Forum: Personal Consumer Issues
Topic: Painting Cabinets - Is it that hard ?
Replies: 38
Views: 2936

Re: Painting Cabinets - Is it that hard ?

I have painted wood stained cabinets and I have refinished wood stained cabinets and furniture. I can do a much better job of refinishing than painting. My refinished cabinets and furniture look almost as good as a factory finish. I cannot come close to a factory paint job using a brush or roller. T...
by carolinaman
Mon Jun 03, 2019 11:03 am
Forum: Personal Consumer Issues
Topic: Golf interest rekindled after decades - My son created a monster! Now what?
Replies: 31
Views: 2540

Re: Golf interest rekindled after decades - My son created a monster! Now what?

I think lessons would be a good idea to get started with sound fundamentals. You will get different opinions about clubs, even from teaching pros. However, I think the most obvious addition to the clubs you have would be hybrids. Most seniors and many others have trouble hitting long and middle iron...
by carolinaman
Mon Jun 03, 2019 10:38 am
Forum: Personal Investments
Topic: Would you pay off car loan early?
Replies: 46
Views: 2213

Re: Would you pay off car loan early?

I would aggressively pay off loan. I have used my HELOC when buying cars and have always paid off the balance as quickly as I could, usually within a year.
by carolinaman
Mon Jun 03, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Invited to vacation house then surprised with expenses—what now?
Replies: 64
Views: 3685

Re: Invited to vacation house then surprised with expenses—what now?

TomatoTomahto wrote:
Mon Jun 03, 2019 8:18 am
Ditto to the posts about leaving it up to spouse: not your circus, not your monkey.

Make a mental note about the next time. Surprise me once, shame on you. Surprise me twice...
+1. Spot on advice.
by carolinaman
Sun Jun 02, 2019 7:17 am
Forum: Personal Consumer Issues
Topic: Negotiate for Used Car via Email
Replies: 13
Views: 935

Re: Negotiate for Used Car via Email

Used car buying requires a face to face negotiation because the vehicle must be driven and inspected. No reason to be afraid of this, polite but firm is the way to be. Explain what the car needs to be useful to you, make your offer, and walk away if they don’t take it. Don’t be unreasonable or unki...
by carolinaman
Sun Jun 02, 2019 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Consulting [How is consulting work done?]
Replies: 12
Views: 1594

Re: Consulting

Consulting is a viable gig for some but it takes more than expertise in a given business area. You need to market, develop a network of contacts and learn how to manage engagements and clients. You are right there are a lot of people who have tried it, but how many of them are successful and stay in...
by carolinaman
Sun Jun 02, 2019 6:53 am
Forum: Investing - Theory, News & General
Topic: How did you all do in the month of May, 2019
Replies: 125
Views: 9762

Re: How did you all do in the month of May, 2019

Down 2.4%, up 5.8% for the year
by carolinaman
Sat Jun 01, 2019 7:57 am
Forum: Personal Finance (Not Investing)
Topic: How do BH define Cost of Living Cities
Replies: 48
Views: 2644

Re: How do BH define Cost of Living Cities

The COL can vary a lot within a metro area depending on where you are or want to be. For example, my daughter lives in Mt Pleasant, SC a suburb of Charleston, SC. It is a very expensive place to live. Housing costs are much higher than the metro average and other things seem more expensive as well. ...
by carolinaman
Sat Jun 01, 2019 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Older retirees: Are your expenses lower now than in early retirement?
Replies: 49
Views: 6220

Re: Older retirees: Do you have lower expenses now than you did in early retirement?

We are ages 74 and 76. DW has limited mobility which has reduced our travel and attendance at sporting events. We sold our rights to Carolina Panthers tickets 2 years ago because she was unable to attend games. Otherwise, our expensive have not changed much. We each have medical conditions but so fa...
by carolinaman
Sat Jun 01, 2019 7:10 am
Forum: Personal Investments
Topic: Just Got a Call From Fidelity
Replies: 55
Views: 7648

Re: Just Got a Call From Fidelity

When I used Fidelity for investments, I had an account manager who I would meet with once a year. She always tried to sell me on Fidelity funds in lieu of Vanguard ETFs and my DIY, but was not pushy. She also pointed me to resources, like bond desk, when I had needs. She also invited me to briefings...
by carolinaman
Sat Jun 01, 2019 6:58 am
Forum: Personal Investments
Topic: Retirement Withdrawal Strategy Optimization - Estimating Retirement Tax
Replies: 8
Views: 1035

Re: Retirement Withdrawal Strategy Optimization - Estimating Retirement Tax

You are wise to be looking at this. There are a lot of variables and scenarios to consider. I do not have a book to recommend (although Quinn's book provides a lot of info on retirement questions) but do recommend that you do your research. You may get more information by reading web articles from p...
by carolinaman
Mon May 27, 2019 7:34 am
Forum: Personal Consumer Issues
Topic: AC maintenance
Replies: 8
Views: 885

Re: AC maintenance

Hi all, I live in soutern California. We have AC but only use it a few days a year. We've been in our house for about 2 years. We have central AC. Compressor outside looks to be in good shape. What kind of annual maintenance is required/suggested? Given the low use I'm inclined to do nothing, but I...
by carolinaman
Mon May 27, 2019 7:27 am
Forum: Personal Finance (Not Investing)
Topic: House not selling
Replies: 134
Views: 10324

Re: House not selling

I will ask him if we should go ahead and take it off the market for a week and then put it back on at a lower price. I feel one major problem was listing the house to soon when it was not ready to be shown and the price was too high. I am worried because I feel as if we’re missing our opportunity t...
by carolinaman
Mon May 27, 2019 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Elderly Parent's Home In Need of Major Repairs
Replies: 44
Views: 3831

Re: Elderly Parent's Home In Need of Major Repairs

I am assuming no one lives in the house presently. How will your father feel about renting it out? I am guessing he may not like that. First, I would develop a list of repairs and upgrades needed to the house. Some things, like a new roof or HVAC, need to be done as the need arises. Others, like rem...
by carolinaman
Sun May 26, 2019 4:55 am
Forum: Personal Consumer Issues
Topic: No more print Money magazine
Replies: 87
Views: 8570

Re: No more print Money magazine

I was a subscriber for many years but finally dropped it a few years ago because I got better info from free online sites.
by carolinaman
Sat May 25, 2019 8:12 am
Forum: Personal Consumer Issues
Topic: Am I a sucker to pay for a new roof?
Replies: 24
Views: 2320

Re: Am I a sucker to pay for a new roof?

Our neighbor experience a severe hailstorm years ago that damaged many roofs. It would not have occurred to me to file a claim except that all my neighbors did. So I did and the insurance company inspected my roof and approved a claim. I see nothing wrong with that. The insurance company determined ...
by carolinaman
Thu May 23, 2019 9:28 am
Forum: Personal Investments
Topic: Next step for old folks
Replies: 10
Views: 1864

Re: Next step for old folks

You seem to have the assets to fund the next stage of your life. Do you have anyone helping you with the portfolio? You will need help there at some point in time, either friends/family or hired financial folks of one stripe or another. My concern is the large number of funds you have. I would pare...
by carolinaman
Thu May 23, 2019 9:10 am
Forum: Investing - Theory, News & General
Topic: How to "lie" with Personal Finance
Replies: 28
Views: 5159

Re: How to "lie" with Personal Finance

Sounds interesting. I look forward to your second post.
by carolinaman
Thu May 23, 2019 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Changing from owning to renting a home for retirement
Replies: 23
Views: 2022

Re: Changing from owning to renting a home for retirement

A big advantage to renting is you no longer have all the maintenance that comes with owning a house, i.e. replacing HVAC, roof replacement, plumbing and electrical issues and the list goes on. This is especially true for women or men who must rely on others for most of this work. We are in 70s and r...
by carolinaman
Thu May 23, 2019 8:53 am
Forum: Personal Consumer Issues
Topic: Help with DIY strategy to eliminate termites (outside)
Replies: 12
Views: 788

Re: Help with DIY strategy to eliminate termites (outside)

I live in wooded area in termite country. It is common to see termites outside. They a good job of getting rid of deadwood. They are particularly fond of soft wood in houses, i.e. trim. I have seen their trails through interior walls to get to trim. You need to be sure you are not leading them to yo...
by carolinaman
Thu May 23, 2019 8:24 am
Forum: Investing - Theory, News & General
Topic: just a general comment about "too conservative" investors here
Replies: 151
Views: 14645

Re: just a general comment about "too conservative" investors here

protagonist wrote:
Thu May 23, 2019 8:08 am


+1
I like the analogy with combat vets vs. green troops.
My favorite analogy like this is that "there are old pilots and bold pilots, but there are no old bold pilots."

Great post. Thanks
by carolinaman
Wed May 22, 2019 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 204
Views: 11305

Re: Should I encourage my kids to work in high school/college?

I agree that a part time job in HS and college should not interfere with school work. However, I believe young people can learn a lot from these jobs. As an example, one of the IT contractors I used for our large IT organization was from India. He used Indian IT workers for offshore work and also us...
by carolinaman
Wed May 22, 2019 8:14 am
Forum: Personal Finance (Not Investing)
Topic: How much house (% of NW) should a retiree have?
Replies: 16
Views: 1939

Re: How much house (% of NW) should a retiree have?

The correlation of a house to net worth is not nearly as important as the percentage of income of a mortgage. The much more important issue is your annual expenses and income and investment assets to cover expenses over your lifetime. You have not given enough info for us to determine if buying a mo...
by carolinaman
Wed May 22, 2019 8:04 am
Forum: Personal Consumer Issues
Topic: Relocate to Charleston SC?
Replies: 57
Views: 5771

Re: Relocate to Charleston SC?

I know Charleston pretty well as our daughter has lived in Mt Pleasant for 23 years. We live in Charlotte and visit Charleston often. Charleston is very unique with lots of history, culture, great restaurants, beaches, etc. Housing costs vary a lot depending on the area you live in and there are som...
by carolinaman
Mon May 20, 2019 10:54 am
Forum: Personal Consumer Issues
Topic: Do handymen typically guarantee work?
Replies: 20
Views: 1476

Re: Do handymen typically guarantee work?

It depends. If it is a result of his workmanship, some will do it for free. But if it is due to use beyond expectations, no. For example, if you are overloading the shelves, they would probably charge for it.
by carolinaman
Mon May 20, 2019 7:45 am
Forum: Personal Consumer Issues
Topic: Good quality sneakers for someone with foot issues?
Replies: 37
Views: 3053

Re: Good quality sneakers for someone with foot issues?

I have a fairly wide foot and the Brooks Ghost 10 and 11 worked well for me. I do not run but usually walk around 3 miles per day. My walk is neutral. Different shoes are designed for people with different gaits, so there may be certain shoes that are better for you with your problem. I was being tr...