Search found 1726 matches

by vested1
Mon Jun 24, 2019 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Opinions on refinancing...
Replies: 10
Views: 777

Re: Opinions on refinancing...

Thanks for the link. Just have to reconcile with increasing the loan amount and term, but it might be a good idea if I don’t plan to stay for 30 . IMHO the opposite is true, but I may be biased due to my own mistakes in earlier years. If you really do plan on selling in about 10 years I would think...
by vested1
Mon Jun 24, 2019 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Sale of elderly parents' home
Replies: 42
Views: 2823

Re: Sale of elderly parents' home

Don't forget property taxes, which in California start out at 1% and are almost guaranteed to increase by 2% of the amount paid the previous year, every year. That would be about 15k in property tax their first year of ownership. However, if your parents moved from a different location in California...
by vested1
Tue Jun 18, 2019 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Waiting to prepay mortgage until you can pay the whole thing off?
Replies: 28
Views: 3236

Re: Waiting to prepay mortgage until you can pay the whole thing off?

My method has been disputed by some, but it's worked out. We knocked out over 100k in principal owed in less than a year by using a combination of money which was not subject to tax (small inheritance) and IRA profits from outperforming positions, which were taxable upon withdrawal. I kept a close e...
by vested1
Fri Jun 07, 2019 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 318
Views: 23135

Re: Selling home- Demanding Buyer (Repairs)

Rascott- buyer came under contract at the end of April with the cash offer. Only after we negotiated all general repairs and gone back and forth with septic, did he disclose that he would be financing. You see a lot more of these in a week than I will in a lifetime, but is that common? We accepted ...
by vested1
Wed Jun 05, 2019 8:34 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 482
Views: 51822

Re: What is/ was your career and would you recommend it now?

I spent 39 of my 50 working years in telecommunications, but I wouldn't recommend a new career in that industry. I started out servicing 8 party lines, then quickly graduated to working on the most advanced electronics available for signal delivery. I was hired away after 31 years with Ma Bell, bran...
by vested1
Wed Jun 05, 2019 8:06 am
Forum: Personal Consumer Issues
Topic: Are we downsizing too much?
Replies: 63
Views: 4700

Re: Are we downsizing too much?

1. Most people use a house far less for visitors than they thought. Don't let the tail wag the dog. Children may be perfectly happy sleeping on a mattress on the floor. 2. You will enjoy a larger master bedroom with attached bath. A house for two with three small bedrooms makes no sense. 3. Spare b...
by vested1
Wed May 29, 2019 9:26 am
Forum: Personal Consumer Issues
Topic: What’s the best material for paving driveway?
Replies: 33
Views: 2312

Re: What’s the best material for paving driveway?

In the midwest it would be crazy IMO to due have a paver drive. They grow weeds/grass in b/w the joints no matter the base material and prep and are impossible to shovel or plow properly. We cover a large range of climates on this board so I'm sure we all have different experiences as a result! Goo...
by vested1
Wed May 29, 2019 9:19 am
Forum: Personal Consumer Issues
Topic: Weber vs Broil King Grills
Replies: 25
Views: 2162

Re: Weber vs Broil King Grills

I recently bought this BBQ for my granddaughter and her husband as a house warming gift. https://www.lowes.com/pd/Oklahoma-Joe-s-Longhorn-Black-Triple-Function-Combo-Grill/50329705 With the 3 year warranty and the cover it was about $625. The BBQ has a propane gas grill, a charcoal grill, a smoker, ...
by vested1
Wed May 29, 2019 9:10 am
Forum: Personal Consumer Issues
Topic: Home buying
Replies: 50
Views: 2537

Re: Home buying

A 6 hour home inspection? Wow. Our inspector took two hours, but then again our home is a single level on a slab and only 1373 sq ft. My first suggestion is to insist on a home warranty of one year from the seller, to cover plumbing, electrical, and appliances. After the year is over, take over paym...
by vested1
Wed May 29, 2019 8:51 am
Forum: Personal Consumer Issues
Topic: What’s the best material for paving driveway?
Replies: 33
Views: 2312

Re: What’s the best material for paving driveway?

We had bids on both pavers and stamped concrete for our driveway. Pavers were twice as much, but that's what we got and six years later they still look great. Same here except my pavers still are great after 11 years! 14 years on our paver driveway, still looks great. We extended the same pavers in...
by vested1
Wed May 22, 2019 9:27 am
Forum: Investing - Theory, News & General
Topic: Delaying social security = harming nest egg?
Replies: 74
Views: 6246

Re: Delaying social security = harming nest egg?

The conventional wisdom, often discussed among BHs as well as in the general press, is that it’s best to delay taking social security until age 70 if you can, because of the guaranteed yearly 8% increase in benefits for each year you delay. 8% per year guaranteed return is better than many/most oth...
by vested1
Tue May 21, 2019 7:32 am
Forum: Personal Finance (Not Investing)
Topic: HOW to pay off a mortgage
Replies: 18
Views: 3887

Re: HOW to pay off a mortgage

Just a warning here, although this example involved the purchase of a home, rather than a payoff. Make sure you have a solid contact at the lender and at the bank before you do the wire transfer, and ensure they are aware of the transfer at the time it's being done. Scams are increasingly common, as...
by vested1
Sun May 19, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - Age 66 still working
Replies: 4
Views: 696

Re: Social Security - Age 66 still working

The is no earnings test after the recipient turns FRA (Full Retirement Age), 66 in your sister's case. Her spousal benefit is not reduced, regardless of how much other income she receives. Her claiming strategy is sound because she falls under the old rules due to her age. By filing a restricted app...
by vested1
Sun May 19, 2019 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage in Retirement
Replies: 73
Views: 5618

Re: Mortgage in Retirement

In my opinion, too many concentrate on building or maintaining invested assets in retirement instead of taking a step back and looking at the entire picture. Retirement is all about income needed to meet expenses + a certain percentage of money in reserve for discretionary spending, plus establishin...
by vested1
Fri May 17, 2019 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: New Bank suggestions in South Carolina
Replies: 8
Views: 688

Re: New Bank suggestions in South Carolina

Thanks for all the replies. Our home in California has been on the pre-market for 6 days and we entered escrow tonight at 5k over asking, with a backup full price offer. Expect to see our smiling faces in mid-July. Sometimes dreams really do come true. I'll be the one with his hat in his hand.
by vested1
Fri May 17, 2019 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 318
Views: 23135

Re: Selling home- Demanding Buyer (Repairs)

Thanks everyone. Very fair responses. Disagree though that 3 offers in 7 days is not a sign of high interest. And buyer has told my agent that he absolutely has to have the house. And since other buyers may be waiting in the background, a reason to not get pushed around too much during the inspecti...
by vested1
Fri May 17, 2019 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 318
Views: 23135

Re: Selling home- Demanding Buyer (Repairs)

Thanks everyone. Very fair responses. Disagree though that 3 offers in 7 days is not a sign of high interest. And buyer has told my agent that he absolutely has to have the house. And since other buyers may be waiting in the background, a reason to not get pushed around too much during the inspecti...
by vested1
Fri May 17, 2019 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: New Bank suggestions in South Carolina
Replies: 8
Views: 688

Re: New Bank suggestions in South Carolina

I use Fidelity for my bank, and I think it is good. Everything is free, and you can get good rates if you use the money market funds. The big downside for people would probably be that they do not handle cash. I assume that Fidelity issues checks for those bills that aren't paid automatically, and ...
by vested1
Fri May 17, 2019 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 318
Views: 23135

Re: Selling home- Demanding Buyer (Repairs)

We recently sold a condo (inherited) which had numerous issues. I was going to have all the needed work done, mostly by myself but took a 5k haircut to sell it, as is, to the 1st person who was shown the house, saving me about 2 months of work and about 5k in material. I had already purchased some m...
by vested1
Fri May 17, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: New Bank suggestions in South Carolina
Replies: 8
Views: 688

New Bank suggestions in South Carolina

Our bank, Chase, has no locations in South Carolina, so I was wondering if anyone had any suggestions for a bank or credit union near Anderson SC. We've had bad experiences with Wells Fargo, which seems to be everywhere, and also with B of A, which we also had problems with. I looked at reviews, whi...
by vested1
Wed May 15, 2019 2:20 pm
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 208
Views: 46747

Re: Frugality regret: What thing do you regret not spending on?

We bought our circa 1968 home 25 years ago on the central coast of California, and like most homes of that age, it had no insulation due to our mild climate. We have maybe 1 or 2 days of frost, no snow, and about 20 inches of rain a year. If it gets to 80 degrees or 55 degrees everyone starts compla...
by vested1
Sat May 11, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Relocation Costs
Replies: 2
Views: 382

Re: Relocation Costs

Thanks for the suggestions. I noticed the huge discrepancy in the price for one way truck rental from California, but I think it may be more a matter of what the market will bear. It seems to be a generalization that folks in Ca can afford to pay more, so why not. Nice to be lumped in with the McMan...
by vested1
Sat May 11, 2019 4:55 am
Forum: Personal Finance (Not Investing)
Topic: Relocation Costs
Replies: 2
Views: 382

Relocation Costs

I searched but failed to find a thread about relocation costs. My wife and I are selling our small 3 bed 2 bath house in California ($473 per sq ft) and moving to South Carolina (approx $169 per sq ft). I could rent the biggest Uhaul truck one way and drive it myself, but it looks like it may be che...
by vested1
Tue May 07, 2019 3:31 pm
Forum: Personal Consumer Issues
Topic: Which US city would you move to?
Replies: 74
Views: 7211

Re: Which US city would you move to?

Since all of our relatives have moved away our little crackerbox ( 3x2 1373 sq ft) on the central coast of California is everyone's favorite vacation spot, resulting in various house guests every month of the year when they escape their horrible weather and cheaper location to visit the place they g...
by vested1
Mon Apr 29, 2019 5:27 pm
Forum: Personal Consumer Issues
Topic: weber grills
Replies: 34
Views: 2841

Re: weber grills

We just bought our granddaughter and her husband this grill with the matching cover from Lowe's as a house warming present. It burns gas, charcoal, and has a smoker and a gas side burner. It weighs about 206 lbs and is a beast. Our new great-granddaughter appreciated it too (I think). https://www.lo...
by vested1
Sun Apr 28, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating SS Benefit after Reaching FRA?
Replies: 5
Views: 822

Re: Calculating SS Benefit after Reaching FRA?

From my limited understanding, everything is based off of the PIA (amount at FRA). You are correct that the increase is 2/3 of one percent per month after FRA for someone your age, but don't make the mistake of calculating the increase in COLA on what you think you should receive in the month you cl...
by vested1
Sun Apr 28, 2019 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Condo costs
Replies: 16
Views: 1484

Re: Condo costs

We were shown a 2 bed 2 bath 350k lakefront condo this week that had two HOA's, one for the condo and one for the community, adding up to over 7k for the year. The realtor said, "Don't worry, the $40,000 special assessment for this unit has just been paid by the seller". Utilities, insurance, and pr...
by vested1
Thu Apr 11, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Torment from the IRS
Replies: 16
Views: 2385

Re: Torment from the IRS

That'll teach me. Next time I'm paying in bitcoin. :annoyed
by vested1
Thu Apr 11, 2019 2:32 pm
Forum: Personal Consumer Issues
Topic: Comparing mid-size SUVs for towing -- Hyundai vs Kia leading
Replies: 54
Views: 3303

Re: Comparing mid-size SUVs for towing -- Hyundai vs Kia leading

I would suggest two things that will help you with hitching up your trailer. If the vehicle you buy doesn't have a backup camera, or has one that isn't capable of providing great visibility of the hitch, I would buy a portable one. The one I had included a monitor with a 9V battery and a magnet so ...
by vested1
Thu Apr 11, 2019 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Torment from the IRS
Replies: 16
Views: 2385

Re: Torment from the IRS

That burns me up. Now I have to deal with my bank's $20 returned check charge for my 100 million dollar tax bill that I just paid for with a personal check.
by vested1
Thu Apr 11, 2019 9:20 am
Forum: Personal Consumer Issues
Topic: Comparing mid-size SUVs for towing -- Hyundai vs Kia leading
Replies: 54
Views: 3303

Re: Comparing mid-size SUVs for towing -- Hyundai vs Kia leading

I would suggest two things that will help you with hitching up your trailer. If the vehicle you buy doesn't have a backup camera, or has one that isn't capable of providing great visibility of the hitch, I would buy a portable one. The one I had included a monitor with a 9V battery and a magnet so t...
by vested1
Thu Apr 11, 2019 8:58 am
Forum: Personal Consumer Issues
Topic: Can you buy a new car with a cashiers check without unfreezing a credit freeze?
Replies: 68
Views: 4241

Re: Can you buy a new car with a cashiers check without unfreezing a credit freeze?

This is at least the second time recently someone has posted about using a cashier’s check to buy a car. It had never occurred to me to buy a car that way. I’ve always paid by personal check. Why would someone use cashier’s check to buy a car? What are the advantages? We were told in order for the ...
by vested1
Tue Apr 09, 2019 5:13 pm
Forum: Personal Consumer Issues
Topic: Pickup Truck Bed Cover Recommendations
Replies: 14
Views: 1183

Re: Pickup Truck Bed Cover Recommendations

I recently bought a 2012 Toyota Tacoma double cab long bed that has a Snuglid tonneau cover from SnugTop installed (2 keyed locks). It is painted to match and keeps the bed completely dry. I think that the previous owner paid $1,164 for it based on handwritten documentation I received but internet s...
by vested1
Mon Apr 08, 2019 6:42 pm
Forum: Personal Consumer Issues
Topic: Comparing mid-size SUVs for towing -- Hyundai vs Kia leading
Replies: 54
Views: 3303

Re: Comparing mid-size SUVs for towing -- Hyundai vs Kia leading

Thank you, researcher. It occurred to me that what I should do is find a Casitas and/or Scamp forum, and ask the people there what they use. I know bigger would be even better, and I don't want to make a big mistake, but I also know I don't want to drive a big truck. I've done it before, and a big ...
by vested1
Mon Apr 08, 2019 1:49 pm
Forum: Personal Consumer Issues
Topic: Comparing mid-size SUVs for towing -- Hyundai vs Kia leading
Replies: 54
Views: 3303

Re: Comparing mid-size SUVs for towing -- Hyundai vs Kia leading

Of the trailers you mentioned I'll put my vote in for a Casita 17' Spirit Deluxe. The 17' length includes the hitch and tongue, so the trailer itself is more like 14.5". The Casita I referred to has a base price of around 16.5k, but other options may make the purchase of a new one at around 20k. The...
by vested1
Sun Apr 07, 2019 10:08 am
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 275
Views: 26822

Re: "The best and worst U.S. states for retirement"

Check out City Data, which has all the answers to the questions you're asking for a vast majority of American cities. Try to ignore the occasional political rant and negativity in the forums.

http://www.city-data.com/
by vested1
Fri Apr 05, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: SS Restricted application
Replies: 6
Views: 461

Re: SS Restricted application

We did the same thing, only a year older than you and your wife respectively. This will result in approximately 60k (due to unknown COLA percentages) "free money" between my FRA and my age 70. Ours was easier to compute since we were born on the same day, 1 year apart. My suggestion would be to imme...
by vested1
Fri Apr 05, 2019 9:55 am
Forum: Personal Consumer Issues
Topic: What is a fair price for a used car?
Replies: 15
Views: 1156

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

I recently bought a used Toyota Tacoma and used most of the suggested sites to determine fair value for all the options I was looking for. I found Car Gurus to be the most valuable resource, especially if you have the vin number. Car Gurus and Carfax will show if the vehicle has been in any accident...
by vested1
Tue Apr 02, 2019 3:15 pm
Forum: Investing - Theory, News & General
Topic: Make sure your retirement investment plan includes being fired from your job in your 50s
Replies: 285
Views: 16718

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

I was "laid off" at age 60 for 6 months, even though I had always been their highest performer, ostensibly because they were downsizing, but actually because I refused to do something unethical that they asked me to do. They knew they couldn't state the real reason for their revenge on me, so they m...
by vested1
Tue Apr 02, 2019 10:47 am
Forum: Personal Consumer Issues
Topic: How will you spend your retirement money?
Replies: 86
Views: 9731

Re: How will you spend your retirement money?

Life is good 3.5 years into retirement. We fluctuate between LiterallyIronic's plan of sloth to other more productive pursuits, and it's nice to have that choice. That being said, our plan of staying flexible in our withdrawals (VWR) has worked out, with luck in timing playing a key role. We were al...
by vested1
Sat Mar 30, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Question about Cashiers Check for tentative car purchase
Replies: 34
Views: 1587

Re: Question about Cashiers Check for tentative car purchase

We just traded in our 19 year old GMC truck for a 2012 Toyota Tacoma V6 4x4. They wouldn't take a personal check at the lot because we had placed a credit freeze on all three major credit bureaus. Rather than temporarily unlocking the freeze I drove 3 blocks to our bank and got a cashier's check mad...
by vested1
Thu Mar 28, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Paying "early" on mortgage may be unwise
Replies: 162
Views: 10937

Re: Paying "early" on mortgage may be unwise

There are different kind of folks with different mindsets. There is no one size fits all. ... Precisely. I haven't had a mortgage in decades. It's worked for the purposes and within the confines of my own complex adaptive system. I don't care what others have done, are doing, or will do. I never lo...
by vested1
Thu Mar 28, 2019 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Paying "early" on mortgage may be unwise
Replies: 162
Views: 10937

Re: Paying "early" on mortgage may be unwise

I agree this isn't a strong argument for not paying off early HOWEVER it is unwise to do so but for a different reason. With historically low interest rates the majority of mortgage holders are going to be better off investing the money in the market than paying down the mortgage. There is a huge c...
by vested1
Thu Mar 28, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Paying "early" on mortgage may be unwise
Replies: 162
Views: 10937

Re: Paying "early" on mortgage may be unwise

I agree this isn't a strong argument for not paying off early HOWEVER it is unwise to do so but for a different reason. With historically low interest rates the majority of mortgage holders are going to be better off investing the money in the market than paying down the mortgage. There is a huge c...
by vested1
Wed Mar 27, 2019 9:45 am
Forum: Personal Consumer Issues
Topic: SW USA vacation spots w/teens. Scottsdale->Grand Canyon->Eastward (Santa Fe?)
Replies: 32
Views: 1659

Re: SW USA vacation spots w/teens. Scottsdale->Grand Canyon->Eastward (Santa Fe?)

I would recommend taking the train from Williams to the Grand Canyon, as well as a fairly new attraction, just outside of Williams called Bearizona. https://www.thetrain.com/the-train/?gclid=EAIaIQobChMI--bW6cKi4QIViYCfCh0tZQwjEAAYASAAEgJ8PfD_BwE https://bearizona.com/ There are 6 levels of ticket f...
by vested1
Tue Mar 26, 2019 9:32 am
Forum: Personal Consumer Issues
Topic: ATT - "Inside Wire Repair"
Replies: 19
Views: 2033

Re: ATT - "Inside Wire Repair"

Again this information is two decades old which was the last time I wore a tool belt. If this happens again before you call repair sign up for the insurance and drop it after the repair is complete. It's not the same company as days gone by. They outsource a lot of the work to 3rd party subcontract...
by vested1
Sat Mar 23, 2019 3:58 pm
Forum: Personal Consumer Issues
Topic: Replacing asphalt driveway
Replies: 16
Views: 2278

Re: Replacing asphalt driveway

Or you could fix it permanently by replacing the asphalt with pavers, rather than concrete. I paid $10 a square foot installed to remove the broken concrete, excavate to the proper depth with a good base of compacted decomposed granite, about 12" if memory serves, and then a layer of sand, about 4"....
by vested1
Sat Mar 23, 2019 3:39 pm
Forum: Personal Consumer Issues
Topic: ATT - "Inside Wire Repair"
Replies: 19
Views: 2033

Re: ATT - "Inside Wire Repair"

Most of the new demarcs have modular connections inside the box that you can unplug and plug in a known good phone, or perhaps two (one at a time) if you're unsure, in order to eliminate trouble beyond the demarc toward your house. If you do this test, unplug the connection and wait a minute before ...
by vested1
Sat Mar 23, 2019 3:21 pm
Forum: Personal Consumer Issues
Topic: ATT - "Inside Wire Repair"
Replies: 19
Views: 2033

Re: ATT - "Inside Wire Repair"

They call that little box the point of demarcation or "demarc". Might help with your call. Also, I cannot stress enough that you need to look at every charge ATT puts on a bill. They are masters at misbilling. After trying 6 months to leave them and finally succeeding, I will never use an ATT produ...