Search found 563 matches

by chw
Thu Apr 11, 2019 5:00 pm
Forum: Personal Consumer Issues
Topic: Boston area - nice towns for families
Replies: 79
Views: 4490

Re: Boston area - nice towns for families

Of the towns I think you are considering, Sherborn, Westwood, and Needham are generally a bit pricey, and you will get less bang for your buck than other towns in the area. They tend to be "elite" type towns/school districts- not necessarily bad choices, but it seems you are trying to avoid these ty...
by chw
Thu Apr 11, 2019 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: 401k->IRA Rollover->401k Reverse Rollover in the same tax year?
Replies: 4
Views: 249

Re: 401k->IRA Rollover->401k Reverse Rollover in the same tax year?

As long as the rollovers from the original 401k to your IRA, and the "reverse" rollover to your new 401k are direct rollovers (meaning the checks from the custodians are sent directly to the new custodian) are are ok.
by chw
Fri Apr 05, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Landlord looking to buy out my lease. Whats a reasonable price?
Replies: 73
Views: 5016

Re: Landlord looking to buy out my lease. Whats a reasonable price?

I would probably say 1 month plus full deposit back. Anything based on the value of the building I wouldn’t do based on karma, but that’s me. The other thing if he wants you out right away is for a hotel room for 2-3 weeks plus moving and storage costs, until you find another place. I would opt for...
by chw
Mon Apr 01, 2019 3:19 pm
Forum: Personal Consumer Issues
Topic: Installing Hitch on my Subaru Outback
Replies: 51
Views: 2317

Re: Installing Hitch on my Subaru Outback

I negotiated a hitch installation on my 2016 Outback when purchased. It seems that Subaru will only warranty the power train if a factory hitch is installed with a 1.25” receiver. Subaru feels any other hitch may torque the chassis form whatever load may be on the non-factory hitch. Might be worth c...
by chw
Tue Mar 26, 2019 11:05 am
Forum: Personal Consumer Issues
Topic: Buying a second home- what's the best order of operations?
Replies: 8
Views: 577

Re: Buying a second home- what's the best order of operations?

My advice would be to get your current home prepped for sale so that it will not linger on the market (if priced properly) when your list it for sale. Look for brokers in your current home's market that are actively selling homes- ask that broker now for a price opinion, and what steps you can take ...
by chw
Sun Mar 24, 2019 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you find high paying jobs?
Replies: 72
Views: 5363

Re: Where do you find high paying jobs?

As someone said, the grass always seems greener... If you are trying to leave self-employment, and go back to working for someone else, I would seek a career that leverages talents within your current field. It may take a few years to fully maximize income, and realize the opportunities that may lur...
by chw
Sun Mar 24, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity VISA Question
Replies: 26
Views: 2364

Re: Fidelity VISA Question

You don’t need to spend $2,500 in a month. When you accrue $50 or more in rewards, the reward will be deposited to your designated account (I use a Fidelity brokerage account). Great card- use it for all purchases except for Amazon which pays 5% back for Amazon buys.
by chw
Sat Mar 23, 2019 12:31 pm
Forum: Personal Consumer Issues
Topic: Anybody tempted by the new iPads?
Replies: 37
Views: 3095

Re: Anybody tempted by the new iPads?

I finally updated my old IPad2 to the current year IPad (6 gen) this week. The old one was 7 years old, working fine, but some of the apps were getting glitchy due to not being supported on the older OS (which hasn't been updated in about 3 years). There is a great deal ($249) for the plain IPad on ...
by chw
Fri Mar 22, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Is Staying in the Same Home for a Long Time Good for Wealth Building?
Replies: 18
Views: 1730

Re: Is Staying in the Same Home for a Long Time Good for Wealth Building?

I would say this statement is generally correct, predicated on the following- 1) You don't overbuy a home for the household income you generate (or expect to generate if income will decline while having children, or some other life event). 2) You choose your home's location well- not having to move ...
by chw
Sat Mar 16, 2019 5:06 pm
Forum: Personal Consumer Issues
Topic: Fishing Kayak recommendation
Replies: 50
Views: 2345

Re: Fishing Kayak recommendation

Agree with others about skipping the tandem kayak for fishing. If you prefer to be in the same craft, perhaps consider a canoe. Fishing for 2 works better in a canoe, as easier to manuver your body for casting. If you do look into fishing kayaks, I recommend Ocean kayaks sit on top style. Very stabl...
by chw
Thu Mar 14, 2019 10:41 am
Forum: Personal Investments
Topic: Non-Term Life insurance, Seeking your guidance
Replies: 15
Views: 594

Re: Non-Term Life insurance, Seeking your guidance

I would get rid of it. If your friend has debt (that can't be paid off by his estate) that is co-signed by others- think parents on student loans, perhaps he should get a simple term insurance policy for the amount of the loan(s), but otherwise, I would ditch the policy.
by chw
Wed Mar 13, 2019 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring Early and losing RSUs
Replies: 32
Views: 2509

Re: Retiring Early and losing RSUs

I retired at age 58 with RSUs that vested over 3 years from a Mega Corp as well. I technically didn't retire from the firm, as I only had 10 years of service (needed 15 years), but if I recall my age and years of service allowed me to leave the firm conditioned on: 1) providing at least 90 days noti...
by chw
Mon Mar 11, 2019 8:49 pm
Forum: Personal Investments
Topic: Thoughts on VNQ? [Vanguard Real Estate ETF]
Replies: 39
Views: 3607

Re: Thoughts on VNQ? [Vanguard Real Estate ETF]

I do tilt with VNQ in my Traditional and Roth IRAs. I have held 10% of equity in VNQ over the past 10 years, and feel it is a good diversifer in spite of REITs being part of VTI. I would not hold VNQ in a taxable account, as it is very tax inefficient.
by chw
Mon Mar 11, 2019 8:37 pm
Forum: Personal Consumer Issues
Topic: Renting in Boston - how difficult with a pit bull?
Replies: 48
Views: 3326

Re: Renting in Boston - how difficult with a pit bull?

I believe you will have difficulty renting in a building with other units in it, as the landlord won't take risk of the dog hurting someone- especially a child. Pit bulls are considered a high risk breed for attacks on humans, and many insurers won't offer homeowners insurance if it is known a pit b...
by chw
Sun Mar 10, 2019 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should I leave my local bank
Replies: 43
Views: 3504

Re: Should I leave my local bank

Generally, I would say yes, but occasionally, a local financial institution may be needed- think cash deposits, treasury checks. I use Ally as my core bank, and do have a local bank that offers free checking, that my wife uses. I rarely see the inside of this bank (maybe once a year). If you're unha...
by chw
Sat Mar 09, 2019 6:29 am
Forum: Personal Finance (Not Investing)
Topic: When were you able to max out your 401k, IRAs?
Replies: 69
Views: 4859

Re: When were you able to max out your 401k, IRAs?

Around age 35, but was contributing full amount to get company match beginning at 22, and started traditional IRA around age 25 (Roth was not inexistence).
by chw
Fri Mar 08, 2019 2:06 pm
Forum: Personal Investments
Topic: IBonds co-owner annual limit
Replies: 5
Views: 459

Re: IBonds co-owner annual limit

You can purchase up to 10K each (with each other as co-owner). If using Turbo Tax for your tax returns, you can also purchase up to an additional $5,000 per year (on top of the 20K) combined for you and your wife, if you are getting a refund.
by chw
Wed Mar 06, 2019 10:10 am
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 434
Views: 29577

Re: [2018 tax return - How does it compare to previous years?]

2018 was much lower (zero tax) than 2018 (effective tax rate of 20%). However, hard to compare the 2 years as taxable income dropped in first full year of retirement, and a solar tax credit of 30% on new PV system fully wiped out the tax that would have been due without the credit. Some of the PV ta...
by chw
Tue Mar 05, 2019 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Which of these Online Savings Accounts (high-yield) are reliable?
Replies: 41
Views: 4429

Re: Which of these Online Savings Accounts (high-yield) are reliable?

Use Ally for low balance HY savings, and Charles Schwab Prime MM for high balance savings.
by chw
Fri Mar 01, 2019 5:11 pm
Forum: Personal Investments
Topic: What did wise people do with their investments in 2008
Replies: 102
Views: 7052

Re: What did wise people do with their investments in 2008

Did tax loss harvesting (am still writing off those harvested losses this year, and expect to do so for another 7-8 years), and stayed the course- which was very difficult after going through a job loss a year prior, and seeing a huge percentage of your net worth evaporate in a matter of months. Con...
by chw
Thu Feb 28, 2019 6:42 pm
Forum: Forum Issues and Administration
Topic: Keep Bogleheads Free! (as in unaffiliated)
Replies: 52
Views: 5177

Re: Keep Bogleheads Free! (as in unaffiliated)

As a relatively new BH (as compared to you!), it seems that Vanguard is only part of the conversation, and that the primary go to brokerages are- Vanguard, Fidelity, and Charles Schwab. It seems most have their reason for using on the big 3 as their custodian, and may hold the funds/etfs of other co...
by chw
Thu Feb 28, 2019 6:30 pm
Forum: Personal Investments
Topic: Another Edward Jones defector
Replies: 51
Views: 7694

Re: Another Edward Jones defector

Congrats on your move, and don't look back.

By the way, I would ask Schwab if they will offer you a deposit bonus based on the size of the account you brought to them.
by chw
Thu Feb 28, 2019 5:12 pm
Forum: Personal Consumer Issues
Topic: How do YOU make coffee?
Replies: 172
Views: 6342

Re: How do YOU make coffee?

Cuisinart drip coffee maker, which makes excellent coffee, and makes very good coffee for smaller pot consumption if needed. Buy whole beans from BJs ($13 for 3 pounds) of Wellesley Farm Kona, which is a nice medium roast coffee, and grind up the beans each day. I was considering going to Kcup for c...
by chw
Wed Feb 27, 2019 5:21 pm
Forum: Investing - Theory, News & General
Topic: Peer to Peer (P2P) Lending - What are the realistic returns?
Replies: 30
Views: 2849

Re: Peer to Peer (P2P) Lending - What are the realistic returns?

Only familiar with Lending Club, and Prosper. IMO, the ship has sailed on these platforms for potential investment. I invested in LC about 8-9 years ago (mid 5 figures), and am now down to about $100 invested. Overall, I saw about an 8.50% return, however the easy returns were made in the early year...
by chw
Thu Feb 21, 2019 7:25 am
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 6923

Re: High earners: thoughts on college and aid

Need based aid was zero. This was 10 years ago, and I don't think things have changed. Unlikely shifting assets, or strategies to lower income work for most people with high income and assets. If you are seeking some sort of aid, I would research schools that offer merit aid. You might be surprised ...
by chw
Tue Feb 19, 2019 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Solar Rebate Expiration
Replies: 9
Views: 665

Re: Solar Rebate Expiration

Some the thought s to ponder: 1) What direction does your roof face? South is ideal, though east and west facing roofs can work, though less efficient. Is the roof shaded? Shade will significantly hinder production. Shade can very throughout the year depending on sun angle. A good installer will pro...
by chw
Sun Feb 17, 2019 7:10 am
Forum: Personal Finance (Not Investing)
Topic: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...
Replies: 136
Views: 7545

Re: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...

It seems like you are looking for affirmation from strangers here to tell you to buy the car. That said, you have already had a mix of thumbs up and thumbs down on this ourchase, as well as the personal experience of several that went through a similar decision at your age. Yes, you can afford it, b...
by chw
Fri Feb 15, 2019 8:37 pm
Forum: Investing - Theory, News & General
Topic: Did you get spooked by the December 2018 fall and gave up on passive?
Replies: 133
Views: 7533

Re: Did you get spooked by the December 2018 fall and gave up on passive?

Not spooked here. I did some nice tax loss harvesting, and re-balanced at same time in late December. Have to admit some minor trepidation, but have always stayed the course and been rewarded in time.
by chw
Wed Feb 13, 2019 9:59 pm
Forum: Investing - Theory, News & General
Topic: What Is Your Favorite Bogle Quote?
Replies: 48
Views: 2713

Re: What Is Your Favorite Bogle Quote?

Nobody knows nuthin... As it pertains to Wall Street prognosticators.
by chw
Wed Feb 13, 2019 10:48 am
Forum: Personal Consumer Issues
Topic: Ebay sale to Puerto Rico
Replies: 12
Views: 922

Re: Ebay sale to Puerto Rico

I sold a textbook last year to a PR buyer with no issue. I don't recall if it happened with this sale, but I've had a few sales to international buyers that went smoothly (one sale was for $1,500). eBay offers a service for international buyers where the US seller ships to a US distribution center, ...
by chw
Tue Feb 12, 2019 7:32 pm
Forum: Personal Investments
Topic: CDs: 1 yr vs 3yr
Replies: 46
Views: 4835

Re: CDs: 1 yr vs 3yr

Citizens Access (part of Citizens Bank) offering 1 year CD at 2.85% in the event you didn't want to lock up for 3 years.

I would be looking for a rate about 100 bps higher than this rate to lock up for 3 years.
by chw
Sun Feb 10, 2019 10:57 pm
Forum: Personal Consumer Issues
Topic: Can solar be worth it??
Replies: 77
Views: 6916

Re: Can solar be worth it??

Get quotes on Energysage.com . Very easy to use and informative website. We installed a 6.6 KW system (20 panels) last year for 20K in MA. Found the installer on Enersage, and system was installed in about 40 days from contract signing to turning on the system. Quality components, great warranties, ...
by chw
Sat Feb 09, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: High Yield Checking/Savings
Replies: 5
Views: 538

Re: High Yield Checking/Savings

Ally seems to be an excellent combination of low fees, great rates, great online platform, and excellent customer service. Been using them for nearly 10 years.
by chw
Fri Feb 08, 2019 9:33 pm
Forum: Personal Consumer Issues
Topic: Auto Battery Prices
Replies: 40
Views: 3565

Re: Auto Battery Prices

I buy my batteries from AAA. They send someone to my house, and install it for $129. Not worth the hassle of running around to buy one and install it, and then perhaps find out it's the wrong battery.
by chw
Thu Feb 07, 2019 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Employer Soliciting PAC Donations
Replies: 15
Views: 1074

Re: Employer Soliciting PAC Donations

I ignored these solicitations while working in mid-level management for mega-banks during my career. I may have considered donating if was upper management, as I believe there was pressure from the C level suite for those managers to contribute.
by chw
Wed Feb 06, 2019 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC issues
Replies: 18
Views: 1611

Re: HELOC issues

As a retired mortgage banker, I would say you are going to have trouble getting a loan from most lenders because of one 1) the house cannot be occupied in its current condition, and 2) the home could be subject to mechanics liens, which would supersede a HELOC loan. Best suggestion would be to see i...
by chw
Tue Feb 05, 2019 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Chase credit card dispute - denied
Replies: 141
Views: 9104

Re: Chase credit card dispute - denied

See if you can file a CFPB complaint, go to arbitration, or maybe a good old fashioned small claims lawsuit. Probably in that order. +1. Complaint is very easy to file on-line. Once filed, if I'd be surprised if Chase didn't remove the charge within 30 days. Banks hate to get these complaints.
by chw
Sat Feb 02, 2019 6:09 pm
Forum: Personal Investments
Topic: Ally Bank's nightmarish online reviews -- should I be worried?
Replies: 97
Views: 9053

Re: Ally Bank's nightmarish online reviews -- should I be worried?

I've been an Ally Bank customer for 10 years. Have had no significant issues with them, and find their customer service be excellent, and available when I need them. IMO, you should be fine. Don't know where you're seeing the negative reviews, but sometimes it simply could be competitors trolling th...
by chw
Sat Feb 02, 2019 1:56 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 291
Views: 25432

Re: What lifestyle creep made you happier?

Buying a vacation home that we intended to use summers, and several weekends in the off-season. We have used and enjoyed the home as expected, and it wasn't a burden financially, as DW and I had lived well below our means for all of our lives, and were debt free when the home was purchased.
by chw
Sat Feb 02, 2019 1:50 pm
Forum: Personal Investments
Topic: Consolidate to Schwab
Replies: 24
Views: 2350

Re: Consolidate to Schwab

All good here with my Schwab accounts (about 15 years+). Be sure to ask about deposit bonuses for the accounts you bringing to them.
by chw
Sat Feb 02, 2019 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive mortgage payoff fee
Replies: 15
Views: 2068

Re: Excessive mortgage payoff fee

Have you asked the (old) lender for a loan modification? If they agree to reduce the interest rate, it could save you some hassle. This could be a viable option for some mortgage lenders if you ask. Some notes allow loan modifications (rate reduction being one of them) within certain parameters. Th...
by chw
Sat Feb 02, 2019 7:23 am
Forum: Investing - Theory, News & General
Topic: "House Rules," Clements on the finances of homeownership
Replies: 63
Views: 6779

Re: "House Rules," Clements on the finances of homeownership

This is sensational. Everyone should read it. House Rules Snippets: I think everybody should strive to become a homeowner—but they should do so with their eyes wide open.... 1. Homeownership isn’t as safe as it feels.... ....3. ...home prices nationwide should rise roughly in line with per-capita G...
by chw
Sat Feb 02, 2019 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Little Trouble Finishing Taxes (RSU)
Replies: 3
Views: 309

Re: Little Trouble Finishing Taxes (RSU)

Question- were the RSUs awarded last year, or did they vest (and thus turn into income)?

If they were only awarded last year, there are no taxes due, as the tax is due when they vest. Usually shares of the stock will be liquidated on the vesting date to pay taxes due at that time.
by chw
Fri Feb 01, 2019 7:24 pm
Forum: Personal Consumer Issues
Topic: Netflix Recommendations
Replies: 53
Views: 4831

Re: Netflix Recommendations

The Money Heist. It's the Spanish version of Ocean's Eleven, except it is dragged out over 2 seasons. It is dubbed in English, but generally not really noticeable.

The Crown about the life of Queen Elizabeth is excellent, with season 3 soon to be released.
by chw
Fri Feb 01, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Float down my mortgage rate now or wait?
Replies: 6
Views: 390

Re: Float down my mortgage rate now or wait?

If I was able to pick up a 25 bps float down, I would jump on it. It's a meaningful reduction, and it's really a gamble to know what direction rates will take in the near future. Just my opinion (retired mortgage banker).
by chw
Thu Jan 31, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Were you 100% debt free at retirement
Replies: 163
Views: 10015

Re: Were you 100% debt free at retirement

Was totally debt free about 9 months after retirement when sold home, and moved full time to vacation home. Have since taken out an interest free loan for home improvements that was sponsored by the local utility for energy efficient home improvements. I felt this was a good debt- especially conside...
by chw
Wed Jan 30, 2019 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Excessive mortgage payoff fee
Replies: 15
Views: 2068

Re: Excessive mortgage payoff fee

If you got the mortage in the last couple of years the lender may have paid for some of the costs like the appraisal with a stipulation that those costs would be paid back if you paid off the mortage within a certain time period like three years. This is likely what is going on, especially if your ...
by chw
Wed Jan 30, 2019 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 21505

Re: Why doesn't a lot of money feel like a lot of money?

I worked in sales for much of my career... I remember after getting my first exceptionally large commission it did not seem as large as it seemed prior to seeing it my paycheck. It was a nice sum of money, but it didn't change who my wife and I were, or the values we lived by. The money basically af...
by chw
Mon Jan 28, 2019 4:44 pm
Forum: Personal Consumer Issues
Topic: Subaru Windshields and Eyesight Cameras - What's your experience?
Replies: 22
Views: 1521

Re: Subaru Windshields and Eyesight Cameras - What's your experience?

I've had a Outvack for 3.5 years with Eyesight, and have been very happy with it. It took some getting used to for a few weeks, but not an issue to have it. My main use of it day to day is for the adaptive cruise control that slows down and speeds up automatically as your car approaches another car ...
by chw
Mon Jan 28, 2019 8:06 am
Forum: Personal Consumer Issues
Topic: Quote for new boiler and AC
Replies: 7
Views: 894

Re: Quote for new boiler and AC

While the price seems good. It may not be when you consider: 1) What is the efficiency of each system? While another system, may cost more, it may be much more efficient, and make up the higher cost in lower energy bills. 2) What components are being used? Some brands are of higher quality, and offe...