Search found 1507 matches

by Nowizard
Mon Sep 24, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Options on how to finance a new home without selling existing home?
Replies: 2
Views: 278

Re: Options on how to finance a new home without selling existing home?

One way is to take a loan on the equity from your current home (HELOC). An appraisal is required, and the loaning agency will loan a percentage of the appraisal amount. You pay it off when the house sells. Google HELOC.

Tim
by Nowizard
Mon Sep 24, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: $450 for 1.5 hour plumbing job normal?
Replies: 26
Views: 2437

Re: $450 for 1.5 hour plumbing job normal?

If he had to locate the leak, then that is possibly a factor. A plumber may be like a surgeon in some instances where the issue is not the time required to cut but knowing where to cut.

Tim
by Nowizard
Wed Sep 19, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Pay-off or keep mortgage with 2018 interest deduction changes?
Replies: 17
Views: 1620

Re: Pay-off or keep mortgage with 2018 interest deduction changes?

Yes, I do think that over time there would likely be a greater than 3.5% net return, but it would be small enough to not take the risk. The tax hit for a lump sum withdrawal is more than I choose to take at the moment due to having other expenses this year such as an automobile purchase and some oth...
by Nowizard
Wed Sep 19, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Pay-off or keep mortgage with 2018 interest deduction changes?
Replies: 17
Views: 1620

Re: Pay-off or keep mortgage with 2018 interest deduction changes?

Thanks for the comments so far. Here is my more detailed assessment: Mortgage of $330,000. Interest payments approximately $11,000 annually with 24% "returned" as IRS deduction in the past. Total cost of mortgage: $11,000 - 24% (2,640) = $8,360. Assume the $330,000 is invested at a rate of return av...
by Nowizard
Wed Sep 19, 2018 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Pay-off or keep mortgage with 2018 interest deduction changes?
Replies: 17
Views: 1620

Pay-off or keep mortgage with 2018 interest deduction changes?

We have an outstanding mortgage of approximately $325,000 at 3.5% by choice. Our marginal tax bracket is 24% which has reduced the effective interest rate of the mortgage to approximately 2.66%. Our finances are stable, and we could pay off the mortgage but have chosen to invest the "extra" $325,000...
by Nowizard
Tue Sep 18, 2018 3:30 pm
Forum: Personal Consumer Issues
Topic: How to tell if computer update notice is legit
Replies: 8
Views: 1121

Re: How to tell if computer update notice is legit

We use Lenovo, and get update messages. If ignored, additional messages about choosing a time appear, and, if they are ignored, the computer will update without giving permission. Norton shows no viruses, but this is quite annoying.

Tim
by Nowizard
Tue Sep 18, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Bank used to be more customer focused
Replies: 46
Views: 5844

Re: Chase Bank is the Devil

Switch banks. That may be legal, but it smacks of ethical questionability. Many feel that Credit Unions offer the same services but with more of a customer focus. We are among that group.

Tim
by Nowizard
Tue Sep 18, 2018 3:18 pm
Forum: Personal Consumer Issues
Topic: Dental work and hypertension issue
Replies: 42
Views: 3309

Re: Dental work and hypertension issue

If they expect 120/80 in the clinic, they will have either an empty clinic or young people in great shape.

Tim
by Nowizard
Tue Sep 18, 2018 3:16 pm
Forum: Personal Consumer Issues
Topic: New SUV
Replies: 24
Views: 2043

Re: New SUV

If you want a very reliable vehicle with high owner satisfaction, something larger than a Highlander and don't mind a ride that is not as smooth as the Highlander but do some light hauling on occasion or carry hunting/fishing/camping gear, consider a 4-Runner. My previous one, a 2005 that my son tal...
by Nowizard
Sun Sep 16, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: How to stay the course when you “think” you can outsmart the market
Replies: 36
Views: 2207

Re: How to stay the course when you “think” you can outsmart the market

It gets more difficult if you have had some success (Blind luck?) early on. Personally, I do not think I can outsmart the market but do believe that there are situations where a particular stock or fund may be a good choice due to circumstances, but it, frankly, does not matter whether that is accur...
by Nowizard
Sun Sep 16, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: When to Retire
Replies: 48
Views: 6671

Re: When to Retire

It was due to our unique circumstances which included reasonable savings, a wife who was continuing to work for a longer period of time and changes in my profession that reduced income and enjoyment. What each of us did was to move toward retirement over a period of a couple of years or more. Mine i...
by Nowizard
Sat Sep 15, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Hypothetical Question - Market Timing
Replies: 43
Views: 2415

Re: Hypothetical Question - Market Timing

The one time that I would absolutely never even consider market timing (Waiting to invest) in any form is when not putting money in as a downturn is predicted. You may see a temporary downturn in the price of a fund share, but you will also be purchasing at a lower price with distributions. It is as...
by Nowizard
Sat Sep 15, 2018 9:59 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 142
Views: 10228

Re: Age in Bonds - Still Recommended?

Have not and will not follow that recommendation and doubt that it is anywhere near a solid one for those who generally support the Boglehead philosophy.

Tim
by Nowizard
Sat Sep 15, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Total Bond or Total Bond/short-term
Replies: 48
Views: 4683

Re: Total Bond or Total Bond/short-term

We have chosen to stay in the Total Bond Fund and to add to Short Term Investment Grade Index with new money. That is with a nod toward what is "likely" to happen in the bond market.

Tim
by Nowizard
Sat Sep 15, 2018 9:51 am
Forum: Personal Consumer Issues
Topic: Should I get a new iPhone?
Replies: 43
Views: 3532

Re: Should I get a new iPhone?

Is your interest in upgrading based on dissatisfaction with the current phone or that you hear of upgrades from others who encourage buying a new one? The former leads toward purchase, the latter toward continuing to evaluate or wait until a good deal appears.

Tim
by Nowizard
Thu Sep 13, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Withholding from RMD'S
Replies: 10
Views: 864

Re: Withholding from RMD'S

We are not enrolled in a program with Vanguard for withholding but will have them withhold for 2019. We have no state income tax in Tennessee. Thank you for the responses.

Tim
by Nowizard
Thu Sep 13, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 111
Views: 7407

Re: Argument for taking social security before 70. Comments?

Took it at FRA and glad we did. For us there were two factors: 1. We have strong genetic histories that foretell long lives, 2. Most importantly, we did not need the money and could invest it directly or have it in reserve in case of emergencies. For us, the returns have worked out well. You do get ...
by Nowizard
Thu Sep 13, 2018 2:09 pm
Forum: Personal Consumer Issues
Topic: I need a chainsaw to trim branches and limbs!!
Replies: 93
Views: 4186

Re: I need a chainsaw to trim branches and limbs!!

Tree folks are expensive, and there are many fly-by-night. There is no reason that most cannot cut limbs that may require it or cut up significant limbs that fall during a storm. Small trees are not an issue if you have some experience. I would not recommend an electric chain saw but would go to pla...
by Nowizard
Thu Sep 13, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Withholding from RMD'S
Replies: 10
Views: 864

Withholding from RMD'S

In the past, I have taken my full RMD and paid Estimated Tax. However, it is somewhat inconvenient to do so now that my wife is also taking her RMD. I believe that Vanguard (or other source) will withhold up to 10% of a RMD for taxes if requested. How does that money get to the government's treasury...
by Nowizard
Tue Sep 11, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 66
Views: 5600

Re: Vacation house? Need objective third party

having owned two vacation homes, I would not repeat the error a third time. We currently rent a vacation home, and it has the advantages without the disadvantages. Vacation homes can be like boats in that the happiest days are the one when you purchase and the one when you sell. Very expensive if yo...
by Nowizard
Tue Sep 11, 2018 9:23 am
Forum: Personal Consumer Issues
Topic: Good photo book printer for image quality
Replies: 24
Views: 1513

Re: Good photo book printer for image quality

Personally, a photo book completed for a granddaughter was fine from Shutterfly. As the son of a professional photographer, I would use a high quality printer when interested in precision. The Jack Robinson Gallery does wonderful work in Memphis, Tennessee.

http://robinsongallery.com/

Tim
by Nowizard
Tue Sep 11, 2018 9:15 am
Forum: Investing - Help with Personal Investments
Topic: RMD will turn 70 in Nov. 2018
Replies: 22
Views: 1740

Re: RMD will turn 70 in Nov. 2018

You can also take, I believe, a partial distribution in 2019 and then complete in 2020 along with the 2020 distribution if that is advantageous for any reason. I would check that to be certain, however.

Tim
by Nowizard
Mon Sep 10, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Pre nups.
Replies: 70
Views: 9008

Re: Pre nups.

"A: Arizona, like most other states on the west coast, is considered a community property state. These states share many similar principles when it comes to dividing assets and obligations accrued during a marriage. Generally, anything that a married couple accumulates during the marriage is conside...
by Nowizard
Sun Sep 09, 2018 8:55 am
Forum: Personal Consumer Issues
Topic: eBay Leaving Negative Feedback
Replies: 27
Views: 2477

Re: eBay Leaving Negative Feedback

Of course, particularly if you have received consistently better service from other sellers and you know you are not a chronic complainer who expects more and does not allow for normal errors. Balance this by making very positive responses when deserved.

Tim
by Nowizard
Sun Sep 09, 2018 8:52 am
Forum: Personal Consumer Issues
Topic: Older Toyota/Honda/Similar owners: How often do you clean your car?
Replies: 36
Views: 2123

Re: Older Toyota/Honda/Similar owners: How often do you clean your car?

Exterior wash about twice a year, interior vacuum after hauling (About three times annually) for a 2015 4-Runner.

Tim
by Nowizard
Sun Sep 09, 2018 8:50 am
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 16973

Re: Why Bull Markets Are Dangerous

As you know who said, be fearful when the market has made a sustained rise and greedy when declining.

Tim
by Nowizard
Sun Sep 09, 2018 8:48 am
Forum: Personal Consumer Issues
Topic: Getting Top Dollar for Selling our Condo
Replies: 16
Views: 1282

Re: Getting Top Dollar for Selling our Condo

If the leaks have created significant damage, then you will almost certainly have to disclose. HOA fees are always an issue with condos and subdivisions. People will want to know the percentage of condos occupied since that determines the HOA cash flow. They will also want to know the monthly HOA fe...
by Nowizard
Fri Sep 07, 2018 7:00 am
Forum: Investing - Help with Personal Investments
Topic: Scaring the Old Folks
Replies: 71
Views: 8130

Re: Scaring the Old Folks

Not everyone pays less taxes in retirement. Some face higher income if they were super-savers placing assets in funds with excellent returns.

Tim
by Nowizard
Fri Sep 07, 2018 6:57 am
Forum: Investing - Help with Personal Investments
Topic: Pay off loans vs invest
Replies: 16
Views: 1514

Re: Pay off loans vs invest

sand575. Personally, I like to consider both financial and psychological considerations. Obviously, the ideal would be to pay off loans and save everything at the same time. Since you can't do both, a balance between the two varies from person-to-person. Why not pick a figure that focuses on savings...
by Nowizard
Thu Sep 06, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off loans vs invest
Replies: 16
Views: 1514

Re: Pay off loans vs invest

To make investing wiser, you would need to make a sizeable percentage return, plus the taxes on the returns, on 4.4% for your loans, 7+% on hers. If your tax bracket is 25%, that would add another 1.1% for your loans and 1.75 % for her if my figures are correct. That is a lofty expectation in today'...
by Nowizard
Thu Sep 06, 2018 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Cash Value vs Cost Basis [Life] Insurance
Replies: 5
Views: 622

Re: Cash Value vs Cost Basis [Life] Insurance

You are correct. The taxable figure is determined by cash value minus payments.

Tim
by Nowizard
Thu Sep 06, 2018 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: How do you handle Healthcare costs in retirement
Replies: 31
Views: 2591

Re: How do you handle Healthcare costs in retirement

Definitely, get supplemental coverage and Part D. Depending on your past employment, some firms contribute a set amount for a supplemental policy. The government site gives all plans in your area. It is time consuming to review them, but it pays off to determine if meds you take are covered and at w...
by Nowizard
Thu Sep 06, 2018 5:18 pm
Forum: Personal Consumer Issues
Topic: Selling a newish vehicle yourself, how to do it?
Replies: 61
Views: 3060

Re: Selling a newish vehicle yourself, how to do it?

I would go to the bank with them since a cashier's check can be faked. Other than that the suggestions made previously are good. We have used Craigslist, and I would not let a person drive the vehicle unless they came in an automobile that was left with me along with a driver's license. I would be c...
by Nowizard
Thu Sep 06, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust - conveyance of assets
Replies: 37
Views: 2638

Re: Living Revocable Trust - conveyance of assets

JenniferG: Thank you for the information. I was unaware of that fact. Does it apply in all states to your knowledge?

Tim
by Nowizard
Thu Sep 06, 2018 4:46 pm
Forum: Investing - Theory, News & General
Topic: any free options to morningstar X-ray feature
Replies: 9
Views: 1077

Re: any free options to morningstar X-ray feature

RIMDBogle: The Morningstar site. Not being a premium member, I do not know if it has all the characteristics, but it definitely has all I need, and it can be tailored individually.

Tim
by Nowizard
Thu Sep 06, 2018 4:44 pm
Forum: Personal Consumer Issues
Topic: The future of my journals and logs
Replies: 45
Views: 4150

Re: The future of my journals and logs

Blackjack: Your opinion is not the one held by my mother, so explaining it is not necessary or germane. It was just a request she made.

Tim
by Nowizard
Tue Sep 04, 2018 11:23 am
Forum: Personal Consumer Issues
Topic: The future of my journals and logs
Replies: 45
Views: 4150

Re: The future of my journals and logs

Depends on the content and desire for privacy of what is contained. My mother, a prolific writer, kept journals for probably 75 years, accumulating large boxes of them. She requested we not read them when she died, not because of them being scandalous but due to being a reasonably well known person ...
by Nowizard
Tue Sep 04, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Emergency fund size
Replies: 72
Views: 6351

Re: Emergency fund size

Varies depending on cash flow but nothing designated as emergency funds since all our funds are accessible and there is always something that can be withdrawn without major impact. Currently, about 30K. This approach is based on having reliable cash flow from SS and a pension that typically meets ex...
by Nowizard
Tue Sep 04, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: How to "waste" money on groceries?
Replies: 109
Views: 9463

Re: How to "waste" money on groceries?

Ditto on seafood that is not farm raised. Organic milk, blueberries and strawberries, along with a few other items such as cage free eggs, but based on health of ourselves or the animals producing the product rather than taste since older folks have fewer taste buds.

Tim
by Nowizard
Tue Sep 04, 2018 11:10 am
Forum: Investing - Theory, News & General
Topic: any free options to morningstar X-ray feature
Replies: 9
Views: 1077

Re: any free options to morningstar X-ray feature

You are using the Premium X-Ray? There is a free version on the site under tools.

Tim
by Nowizard
Tue Sep 04, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust - conveyance of assets
Replies: 37
Views: 2638

Re: Living Revocable Trust - conveyance of assets

We did it ourselves, and it was simple once data were looked up. I assume most, like ours, have a pour-over will that accounts for items one may have failed to retitle accurately or at all.

Tim
by Nowizard
Mon Sep 03, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: I want to pry my friend away from Edward Jones
Replies: 71
Views: 7606

Re: I want to pry my friend away from Edward Jones

Twstdsista +1. Some are more comfortable with an advisor, so focus on fees and Vanguard. This site has wonderful, experienced people who are "all in," but also has others who are experienced investors who still stray from a more stringent Boglehead philosophy. It is more when someone strays into ter...
by Nowizard
Fri Aug 31, 2018 4:57 pm
Forum: Personal Consumer Issues
Topic: Help Us Pick a Lot to Build On - Which Neighborhood Option?
Replies: 19
Views: 1816

Re: Help Us Pick a Lot to Build On - Which Neighborhood Option?

Some septic systems are maintained by the town or closest locality. If so, then I would have no concern about a septic system (Our circumstance). A two acre lot can have substantial maintenance costs if you have others do the work unless there are many trues and it is left natural. The trees can be ...
by Nowizard
Thu Aug 30, 2018 11:17 am
Forum: Personal Consumer Issues
Topic: Are Skilled Nursing Facilities that Accept Medicaid Really That Bad?
Replies: 30
Views: 3557

Re: Are Skilled Nursing Facilities that Accept Medicaid Really That Bad?

Not the best circumstance, but will vary depending on staff and, frankly, the monetary goals of the owners. At the same time, there is a degree of sadness typically involved in nursing home placement of a loved one that can translate into a variety of feelings of guilt, necessity and satisfaction wi...
by Nowizard
Wed Aug 29, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Honda Odyssey Ex-L - new or certified used?
Replies: 35
Views: 2348

Re: Honda Odyssey Ex-L - new or certified used?

Nieces just purchased a 2015 EX-L with Navi and 29,000 miles at $26,000 from CarMax. We traded in a 2014 today, Touring model with 60,000 miles for $21,700. Odyssey's hold their value and are very reliable. It is rather difficult to find a low mileage one such as the one we traded, and they can be p...
by Nowizard
Wed Aug 29, 2018 5:04 pm
Forum: Personal Consumer Issues
Topic: Bone in my food
Replies: 107
Views: 4085

Re: Bone in my food

Just move on. Not an issue of real importance. The best you would get is a free meal.

Tim
by Nowizard
Wed Aug 29, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: high RMD withdraw from 401k question
Replies: 31
Views: 3335

Re: high RMD withdraw from 401k question

That level of income will substantially increase your Medicare B and D payments unless you can figure a way to reduce your AGI when you begin Medicare. Take a look at the income levels.

Tim
by Nowizard
Wed Aug 29, 2018 5:00 pm
Forum: Personal Consumer Issues
Topic: Minivan for family of 4.
Replies: 34
Views: 2898

Re: Minivan for family of 4.

We have had three Odyssey's, including the one we purchased today. It does have the carpool mom reputation, but it drives as well as many sedans, has great gas mileage, uses regular, and is very good for hauling items such as lumber. Very reliable and holds its value. Bought a new 2018 today and tra...
by Nowizard
Wed Aug 29, 2018 8:15 am
Forum: Personal Consumer Issues
Topic: Wildlife Removal:
Replies: 16
Views: 1659

Wildlife Removal:

We live in an area outside of town with considerable wildlife, some of which has apparently invaded our attic. I suspect roof rats which are common in the area, and have also seen a recent rat snake. Have others used wildlife removal services? If so, were they successful, and do you have an idea of ...
by Nowizard
Tue Aug 28, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 11851

Re: How do you 7 figure guys organize multiple accounts?

Not sure it takes a seven figure account to be spread out, but it has not been an issue for us to take our three accounts of a CU, Dodge and Cox and Vanguard and aggregate the individual funds, cash and/or stocks on a site with a password. If someone hacked the site, I'm not sure how that would affe...