Search found 176 matches

by mptness
Fri Nov 20, 2020 6:51 pm
Forum: Personal Consumer Issues
Topic: "Buy once, cry once"
Replies: 101
Views: 9685

Re: "Buy once, cry once"

My antique furniture is practically worthless, but some of it still serves a purpose. My heirs will likely have to dispose of it. :( https://www.nytimes.com/2018/03/03/style/how-low-will-market-for-antiques-actually-go.html#:~:text=The%20Declining%20Value%20of%20Antiques,auction%20house%20in%20Hudso...
by mptness
Thu Oct 22, 2020 11:46 am
Forum: Personal Consumer Issues
Topic: "Bubble level" tool
Replies: 44
Views: 2371

Re: "Bubble level" tool

A really really good carpenter's eye and natural sense for level and plumb (no tools needed) What we used to say on the job site: "That looks level, and then some!" :wink: OP: I agree with those suggesting spend the big bucks ($5-$10) on a 24" or 48" level. Also $5 for a bundle ...
by mptness
Wed Oct 21, 2020 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Administration of Testamentary Trusts
Replies: 34
Views: 1759

Re: Administration of Testamentary Trusts

Medicaid may be more of a potential issue than creditors or estate taxes, especially for those with smaller estates. The power to remove and replace the co-trustee (provided the replacement trustee isn't a close relative or subordinate employee) is usually sufficient control as a practical matter. ...
by mptness
Wed Oct 21, 2020 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Administration of Testamentary Trusts
Replies: 34
Views: 1759

Re: Administration of Testamentary Trusts

Lots of great information in this discussion.This is all very helpful to me in understanding this type of arrangement. I now see that "full control" does make for an oxymoron and that control needs to be limited to an ascertainable standard such as health, maintenance, support and educatio...
by mptness
Tue Oct 20, 2020 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Administration of Testamentary Trusts
Replies: 34
Views: 1759

Re: Administration of Testamentary Trusts

A trustee in managing any trust is governed by state law and the terms of the trust instrument and manages a trust for the benefit of the trust beneficiaries. If a trustee is totally unrestricted in managing a trust you really have no trust at all So what are the typical restrictions in this type o...
by mptness
Tue Oct 20, 2020 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Administration of Testamentary Trusts
Replies: 34
Views: 1759

Re: Administration of Testamentary Trusts

(with the primary objective of protecting from creditors and divorce, while giving them full control), That is what is called an oxymoron. You don’t get protection from creditors and full control. Please explain as I am new to this and do not have experience with these sort of trusts. Are the trust...
by mptness
Tue Oct 20, 2020 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Administration of Testamentary Trusts
Replies: 34
Views: 1759

Administration of Testamentary Trusts

If I leave my estate to my adult children by way of testamentary trusts and name them as the trustees of their own trusts (with the primary objective of protecting from creditors and divorce, while giving them full control), is it correct that any future costs to them would be the same as if I left ...
by mptness
Tue Oct 20, 2020 10:40 am
Forum: Investing - Theory, News & General
Topic: Ally Bank Removed Online Early Withdrawal From No-Penalty CDs
Replies: 108
Views: 9041

Re: Ally Bank Removed Online Early Withdrawal From No-Penalty CDs

You would think with interest rates FALLING, they would make it even easier to close a no penalty. Yes but if rates should rise even a few basis points, many who rushed to lock their rate before it could drop will be rushing to swap their NP CDS for better ones. This may be what they want to make m...
by mptness
Mon Oct 19, 2020 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Wills/Trusts - Retirement Account Beneficiary
Replies: 30
Views: 1740

Re: Wills/Trusts - Retirement Account Beneficiary

bsteiner wrote: Mon Oct 19, 2020 5:31 pm So far, while the sample size is small, our clients with minor children have chosen discretionary trusts.

So is there any advantage with adult children who are non eligible (30 years old +} for using a trust vs. just naming them as IRA beneficiaries?
by mptness
Tue Oct 13, 2020 8:16 am
Forum: Personal Consumer Issues
Topic: Rent a goat to clear/maintain a field?
Replies: 67
Views: 6051

Re: Rent a goat to clear/maintain a field?

Look at that pack of goats.
It's not pack it's herd.
Heard what?
Herd of goats.
Certainly I've heard of goats you dope!
No, goats herd.
Why should I care what a pack of goats heard?

https://www.youtube.com/watch?v=2_V0b2usj-4
by mptness
Mon Sep 21, 2020 12:28 pm
Forum: Investing - Theory, News & General
Topic: The Fed, Snowflake, and Stocks
Replies: 53
Views: 5959

Re: The Fed, Snowflake, and Stocks

What the heck is snowflake? Data warehousing in the cloud Snow forms when tiny ice crystals in clouds stick together to become snowflakes. If enough crystals stick together, they'll become heavy enough to fall to the ground. Is every snowflake unique? I think every snowflake eventually falls and ev...
by mptness
Mon Sep 14, 2020 10:31 am
Forum: Investing - Theory, News & General
Topic: John C. Bogle exposed? No way! [Investing paper retracted]
Replies: 27
Views: 5870

Re: John C. Bogle exposed? No way!

Thanks. I am a big fan of all your writing and appreciate reading you posts on this forum. Bogle's words: " You get what you don't pay for" are supported by years of SPIVA Reports, but fighting words to your average Financial Planner.
by mptness
Tue Aug 04, 2020 3:34 pm
Forum: Personal Consumer Issues
Topic: Replacing Toilet Stop Valve
Replies: 93
Views: 4072

Re: Replacing Toilet Stop Valve

I just had to do the same repair a couple of months ago. I purchased a Brasscraft G2CR19X C1 1/4 turn angle valve from my local Home Depot. I was told by a plumber buddy that a drop of oil on the threads will make tightening easy but not to use any putty or Teflon tape on the threads. The only thin...
by mptness
Wed May 06, 2020 5:08 pm
Forum: Personal Consumer Issues
Topic: Should you tip landscapers?
Replies: 55
Views: 5984

Re: Should you tip landscapers?

This may or not answer your question, but tipping can be an act of generosity which I find is always appreciated (especially by those not as fortunate as you).
by mptness
Mon Apr 20, 2020 10:26 am
Forum: Personal Investments
Topic: Different Spin on the question of "Should I pay of the house or Invest.."
Replies: 73
Views: 4733

Re: Different Spin on the question of "Should I pay of the house or Invest.."

This depends entirely on whether you are a HEDGEFUNDIE or a Klangfool. Figure out which one you are and act accordingly. Or better yet, be a grabiner. He has offered the best unemotional, risk adjusted, mathematically correct advice on this subject for longer than I have been a member here. I don't...
by mptness
Fri Mar 01, 2019 2:57 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 699
Views: 57238

Re: Larry Swedroe: 3% is the new 4%

I am a big fan of Larry Swedroe and enjoyed listening to the interview. In addition to 3% possibly being the new 4%, another key point he made was that retirees tend to be too conservative by not taking enough risk. Most of the Monte Carlo simulators show very little difference in success rate betwe...
by mptness
Wed Feb 20, 2019 4:29 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Small Value Lags For 15 Years
Replies: 57
Views: 4250

Re: Larry Swedroe: Small Value Lags For 15 Years

Should under-performance chasing out perform performance chasing? :confused
by mptness
Fri Jan 18, 2019 3:27 pm
Forum: Investing - Theory, News & General
Topic: Ever heard of "Floating island" strategy?
Replies: 19
Views: 2865

Re: Ever heard of "Floating island" strategy?

I've got a sinking feeling about this floating island strategy...
by mptness
Tue Jan 08, 2019 3:17 pm
Forum: Personal Investments
Topic: Roth IRA for child
Replies: 49
Views: 6348

Re: 8 year old investing help

Our tax lady said she will do his tax return for free and he won't pay any taxes on $202. It is my understanding that there is no requirement to file for 2018 until self-employment income exceeds $400. Provided that this is his only income can't he simply retain the income and expense records for h...
by mptness
Sun Jan 06, 2019 11:51 am
Forum: Personal Consumer Issues
Topic: 24 inch electric range recommendations
Replies: 11
Views: 557

Re: 24 inch electric range recommendations

Now I can visualize the problem. Sorry to second guess you. Alas I have no experience with 24 inch ranges. :(
by mptness
Sun Jan 06, 2019 11:39 am
Forum: Personal Consumer Issues
Topic: 24 inch electric range recommendations
Replies: 11
Views: 557

Re: 24 inch electric range recommendations

jb9 wrote: Sun Jan 06, 2019 11:13 am I don't have the clearance to combustibles (30 inches as per IRC)
Doesn't the 30 inches refer to the vertical distance from the top of the range to combustibles? Not sure why the width would matter in this case. :?:
by mptness
Sat Dec 29, 2018 11:01 am
Forum: Investing - Theory, News & General
Topic: ableBanking 1 and 2 Year CDs are among highest APY
Replies: 11
Views: 1446

Re: ableBanking 1 and 2 Year CDs are among highest APY

Able Banking is an annoying bank. Every single time I travel outside of my home state and log into Able - I get a phone call and email from their "security" department telling me to call them immediately. I do only to find out they think it was someone else trying to access my account. I'...
by mptness
Fri Dec 28, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: ableBanking 1 and 2 Year CDs are among highest APY
Replies: 11
Views: 1446

ableBanking 1 and 2 Year CDs are among highest APY

ableBanking 1-year CD at 2.9% and 2-year CD at 3.2%. This is considerably more than brokered CDs of similar term.
Anyone have experience with ableBanking?
https://www.depositaccounts.com/banks/a ... ng/offers/
by mptness
Thu Dec 27, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed 3% CDs maturing: Thank you Bogleheads
Replies: 22
Views: 4206

Re: PenFed 3% CDs maturing: Thank you Bogleheads

I'm considering ableBanking CD. 2Yr is 3.2% with 90 day EWP. That beats current 2yr brokered CD by 20 basis points. I'm not likely to break a 2yr early, but they have Reasonable rates and 180 day EWPs on 3 and 4 year CDs. They do not appear to have IRA CDs. Does anyone have experience with ableBanki...
by mptness
Fri May 27, 2016 1:06 pm
Forum: Personal Consumer Issues
Topic: Best Saw Blade to Purchase for this DIY
Replies: 32
Views: 3192

Re: Best Saw Blade to Purchase for this DIY

My question is a simple one. I will be using a quality handheld Dewalt 7-1/4" Pro circular saw to cut-off the post decorations (turning existing posts into craftsman style). I have a homemade jig in mind to help guide the cuts. What is the best blade for me to purchase to make sure I get very ...
by mptness
Fri May 27, 2016 10:39 am
Forum: Personal Consumer Issues
Topic: Circular Saw
Replies: 18
Views: 1647

Re: Circular Saw

my favorite "circular" saw (its actually a worm drive). http://www.amazon.com/SKILSAW-SPT77WML-01-15-Amp-Lightweight-Circular/dp/B00B7EUS46?ie=UTF8&colid=1H0YSKKDR52WH&coliid=I1L667B9ZEGI25&ref_=wl_it_dp_o_pd_nS_ttl why spend a small fortune on a worm drive saw? because look a...
by mptness
Tue May 03, 2016 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Accounting Question (Car expenses/Depreciation)
Replies: 6
Views: 897

Re: Accounting Question (Car expenses/Depreciation)

A more simple question. Am I able to do the following for 2014: (1) Use standard mileage deduction for the old car for first half of year? -and- (2) Use actual expense deduction for new car for second half of year? If you use the standard mileage rate for a year, you cannot deduct your actual car e...
by mptness
Mon Jul 20, 2015 9:57 am
Forum: Personal Consumer Issues
Topic: Tipping at pay-first restaurants: what would you do?
Replies: 35
Views: 8768

Re: Tipping at pay-first restaurants: what would you do?

Yet, another tipping thread. After reading many tipping threads on this forum, I propose the following: 1. Tipping is, for the most part, voluntary and consumers are free to avoid this expense. 2. Bogleheads love to avoid expenses. 3. Therefore, Bogleheads tip less. To all Servers: Beware of custom...
by mptness
Thu Jul 16, 2015 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should we go without Health Insurance for 5 Days?
Replies: 32
Views: 2566

Re: Should we go without Health Insurance for 5 Days?

Perhaps there is some cheap, short term, catastrophic coverage option that we could get as an alternative? I'm not sure those exist anymore now that the Affordable Care Act has taken effect. If the 45 day delay does not work, I think these policies still exist at least in my state. Google temporary...
by mptness
Sat Jul 11, 2015 12:58 pm
Forum: Personal Investments
Topic: td savings bond calculator problems......
Replies: 8
Views: 962

Re: td savings bond calculator problems......

^ Thanks #Cruncher. Fair points, clarifications, and additions, as always. PJW +1 I prefer #Crunchers IBond pages over the Treasury Direct Tools. Much easier to see the month by month values. Simple to see the effect of losing three months interest by simply looking back three months. Thank you for...
by mptness
Mon Jun 01, 2015 12:28 pm
Forum: Investing - Theory, News & General
Topic: Clements on CNBC - invest 7 year new auto loan proceeds into market
Replies: 16
Views: 2643

Re: Clements on CNBC - invest 7 year new auto loan proceeds into market

The question here is leverage which works well in an exuberant bull market and can be disastrous in a severe bear market with debt service added to increased portfolio decline. Since no one can accurately predict these events in advance, adding leverage clearly involves increased risk especially so...
by mptness
Mon Jun 01, 2015 12:16 pm
Forum: Investing - Theory, News & General
Topic: "How to React When the Bear's Hibernation Ends"
Replies: 48
Views: 10537

Re: "How to React When the Bear's Hibernation Ends"

I stayed the course in 2000. In 2008-2009 I was terrified. I stayed the course in terms of not doing anything, but I could not bring myself to place any order to rebalance from stocks into bonds. Did you mean the opposite? What I found most difficult was re-balancing into stocks in a declining mark...
by mptness
Sat May 30, 2015 11:10 am
Forum: Investing - Theory, News & General
Topic: 25 Month CD at 2.27% at US Alliance Federal Credit Union
Replies: 24
Views: 9072

Re: 25 Month CD at 2.27% at US Alliance Federal Credit Union

miles monroe wrote:i wouldn't worry a second about the cd being called.

however, according to the comments section of the article this offer has been pulled. congrats to anyone who was able to get in.
+1
Nice rate for anyone needing to park cash for a couple years (for those who got in).
by mptness
Fri May 29, 2015 1:08 pm
Forum: Investing - Theory, News & General
Topic: 25 Month CD at 2.27% at US Alliance Federal Credit Union
Replies: 24
Views: 9072

Re: 25 Month CD at 2.27% at US Alliance Federal Credit Union

These are callable :-( This is the first time I hear of callable CU/bank CDs. Oh well... From same blog entry: "The Credit Union has the right to call or redeem Certificate Accounts early. To call or redeem your Certificate Account early, the Credit Union will provide 60 days written notice to...
by mptness
Fri May 29, 2015 12:12 pm
Forum: Investing - Theory, News & General
Topic: 25 Month CD at 2.27% at US Alliance Federal Credit Union
Replies: 24
Views: 9072

25 Month CD at 2.27% at US Alliance Federal Credit Union

Ken Tumin at https://www.depositaccounts.com/blog/ reports: USAlliance Federal CU Raises Rate On 25-Month Fixed Certificate to 2.27% Seems like a great rate for someone who needs a 2 year maturity for their ladder. New members only so I cannot take advantage unless I refer a new member. Easy to join.
by mptness
Thu May 28, 2015 11:38 am
Forum: Personal Consumer Issues
Topic: Buying iPhone 6 at full retail
Replies: 33
Views: 11305

Re: Buying iPhone 6 at full retail

Assume iPhone price is $749.99 and the manager was estimating sales tax, etc. Recall that the manager's point was that I could let the Edge program pay for most of the phone with the $25 monthly subsidy (over 24 months) ultimately costing me only $144 for an iPhone 6. Here then is an explanation: T...
by mptness
Thu May 28, 2015 11:21 am
Forum: Personal Consumer Issues
Topic: Buying iPhone 6 at full retail
Replies: 33
Views: 11305

Re: Buying iPhone 6 at full retail

Would be nice if there were some kind of way they would present these things in plain English without there being a hint of a shell game. 2 times I can plainly recall taking the advice of a Verizon rep to save money and both times my bill went up, not down. I received a PM a few minutes after I sta...
by mptness
Thu May 14, 2015 9:57 am
Forum: Personal Investments
Topic: Question on long term/short term gains and long term losses
Replies: 3
Views: 361

Re: Question on long term/short term gains and long term losses

nmanieri wrote:Or would I have $1000 short term gains and $8000 long-term gains?
This sounds right to me.
by mptness
Fri May 01, 2015 8:58 am
Forum: Personal Consumer Issues
Topic: Can you see the Mayweather fight for less than $99?
Replies: 39
Views: 12674

Re: Can you see the Mayweather fight for less than $99?

livesoft wrote:Wait until the next day. Isn't this the ultimate marketing machine?
I like this advice. This way I also avoid missing the big moment while looking for my seat, or fetching a beer.
:beer
by mptness
Mon Apr 27, 2015 12:00 pm
Forum: Personal Investments
Topic: Why I Chose Target Retirement Funds
Replies: 54
Views: 11716

Re: Why I Chose Target Retirement Funds

The risk of blindly taking or giving advice with relatives or with intentioned friends is probably more risky than with licensed professionals - and with know that has its own risk. There are much worse recommendations than a retirement dated Target Date fund - but there may be more suitable ones b...
by mptness
Thu Apr 09, 2015 9:58 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA question
Replies: 6
Views: 792

Re: Roth IRA question

Thanks Rob Bertram! I will look at the fairmark website in more detail. Thanks also to Seattlenative and DSInvestor! You all are what makes this forum a great resource for information about investing!
by mptness
Thu Apr 09, 2015 9:38 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA question
Replies: 6
Views: 792

Re: Roth IRA question

Thank you for the link to the IRS publication. I will have to see if I can find the answer there... Although, you may call me lazy, but I was hoping someone knew. Does the 5 year rule apply to contributions and earnings, or just to earnings?
by mptness
Thu Apr 09, 2015 9:22 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA question
Replies: 6
Views: 792

Re: Roth IRA question

Thank you for the link. I will take a look for the answer. I have researched this a bit and I remain confused about the 5 year test ( does it only apply to earnings). In the meantime I was hoping one of the IRA experts could answer my question.
by mptness
Thu Apr 09, 2015 8:58 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA question
Replies: 6
Views: 792

Roth IRA question

Is an early distribution from a Roth IRA that is equal to or less than the contributions always free of taxes and penalties, or does the Roth have to be in existence for 5 years to avoid the 10 percent penalty?
by mptness
Fri Mar 13, 2015 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Silly Question About Tax Refund
Replies: 12
Views: 2122

Re: Silly Question About Tax Refund

What if you apply your refund to next year's estimated payments. Are you credited with any interest?
by mptness
Mon Mar 02, 2015 10:08 am
Forum: Personal Finance (Not Investing)
Topic: 1098-T Discrepancies?
Replies: 6
Views: 689

Re: 1098-T Discrepancies?

Keep in mind that box 1 is for amounts paid, and box 2 is for amounts billed. Many schools are permitted to report qualified expenses in box 2 as amounts billed. This means you must examine your school's record to see when the amounts were actually paid. For example, often the spring semester is bil...