Search found 1969 matches

by Nowizard
Tue Jun 11, 2019 11:25 am
Forum: Personal Consumer Issues
Topic: Tips for new pet owner [puppy]
Replies: 71
Views: 3706

Re: Tips for new pet owner

You might consider having hip X-rays before purchasing a dog or adopting one from a shelter. Unless you are more pragmatic than many, once the dog becomes part of the family, it can be very difficult to make tough decisions. We, for example, had two dogs from the same litter that were inseparable fr...
by Nowizard
Mon Jun 10, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to buy Part D if you are subject to IRMAA?
Replies: 43
Views: 2423

Re: Does it make sense to buy Part D if you are subject to IRMAA?

We do buy Part D. Taking minimal meds, we purchased a basic policy at $15.50 monthly in my case. It covers basic generics such as the common statins, antibiotics and BP meds, and our return has been greater than the cost. The more important consideration, however, is that if one of us experienced an...
by Nowizard
Mon Jun 10, 2019 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Refinance immediately after new home purchase?
Replies: 24
Views: 1955

Re: Refinance immediately after new home purchase?

We have just purchased and have a 15-year, fixed rate loan at 3.62% and no points or closing costs other than the $399 management fee for the lender. Expenses are, as in all investing decisions, critical. We have refinanced in the future and would again if the figures supported it, regardless of if ...
by Nowizard
Sun Jun 09, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: How to dramatically cut down housing cost?
Replies: 19
Views: 2887

Re: How to dramatically cut down housing cost?

One relative who had no experience doing so but who was intelligent and a quick learner moved into a condo complex where he was a contact person for other residents. It was not like he was the manager, but he did some yard work, was available for simple things like aiding older residents with tasks,...
by Nowizard
Sat Jun 08, 2019 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Household Assistant/Helper
Replies: 10
Views: 1507

Re: Household Assistant/Helper

Good question on the title. I suspect applicants have one they prefer, possibly Nanny, but that is one that has connotations that could serve the applicant seeking higher wages than their activity level might support. I think I would stay with yours in terms of negotiating pricing, but it could resu...
by Nowizard
Fri Jun 07, 2019 9:35 am
Forum: Investing - Theory, News & General
Topic: Value stocks are cheaper than they've ever been -- and could get cheaper
Replies: 13
Views: 2047

Re: Value stocks are cheaper than they've ever been -- and could get cheaper

Dodge and Cox is a frequently quoted value fund. Its returns compare favorably with TSM over time but are lagging at this point for 2019. Buying opportunity, market timing, noise?

Tim
by Nowizard
Fri Jun 07, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: how to deal with people who are not living boglehead way of life
Replies: 45
Views: 2725

Re: how to deal with people who are not living boglehead way of life

Your intent is positive, but unasked for advice is often interpreted as criticism.

Tim
by Nowizard
Fri Jun 07, 2019 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5202

Re: Close to making an offer on a home

The simple statement that a house is worth what a purchaser is willing to pay is a starting point. If the home you mention already has offers, then expect to have your offer rejected. That will, however, give you information about your developing approach to a huge decision. Avoiding impulse bidding...
by Nowizard
Fri Jun 07, 2019 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Household Assistant/Helper
Replies: 10
Views: 1507

Re: Household Assistant/Helper

There are more than 20 states where the cost of child care exceeds the average mortgage according to a recent article. What you want is understandable, but complex. An employee with a job description you mention essentially becomes a part of the family, and the balance between employee and respected...
by Nowizard
Fri Jun 07, 2019 7:00 am
Forum: Personal Consumer Issues
Topic: Everyone ought to be required to have an umbrella policy and life insurance!
Replies: 13
Views: 1442

Re: Everyone ought to be required to have an umbrella policy and life insurance!

The first goal of many, if not most, people is to preserve their own rights and property. If someone has significant assets, they will be more likely to devise specific ways to protect them, including insurance and life insurance. Those with less have less incentive or means to protect their limited...
by Nowizard
Thu Jun 06, 2019 10:13 pm
Forum: Personal Consumer Issues
Topic: Prius vs. Ioniq (Toyota vs. Hyundai)
Replies: 10
Views: 1111

Re: Prius vs. Ioniq (Toyota vs. Hyundai)

Like you, I prefer the styling of the Ioniq. A relative loves the Prius, and they are very reliable, as mentioned. They have small tires, and the ride is not smooth. I would strongly encourage you to drive both for a ride comparison, though I am not familiar with anyone owning the Ioniq. The battery...
by Nowizard
Thu Jun 06, 2019 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without a garage?
Replies: 95
Views: 5906

Re: Would you buy a house without a garage?

Not in a million years unless it was an upgrade from a current home, even with the questions. It makes little difference what others would do, but what you do makes a huge difference. Apparently, the owner has the ability to wait until someone accepting of his quirks shows up.

Tim
by Nowizard
Thu Jun 06, 2019 3:33 pm
Forum: Personal Consumer Issues
Topic: How to buy a mattress
Replies: 62
Views: 6152

Re: How to buy a mattress

Just buy Saatva,

Tim
by Nowizard
Thu Jun 06, 2019 3:24 pm
Forum: Personal Consumer Issues
Topic: Are we downsizing too much?
Replies: 63
Views: 4681

Re: Are we downsizing too much?

An 1,800 sf house is 1/3 smaller than your current home. Do you like your current home? Is there a genuine desire to downsize? We have recently downsized from a home that was larger than 3,000 feet to one that is approximately 20% smaller. It is an adjustment for sure. Not one we cannot make, just a...
by Nowizard
Thu Jun 06, 2019 11:19 am
Forum: Investing - Theory, News & General
Topic: Convince me not to try to time the market
Replies: 27
Views: 2019

Re: Convince me not to try to time the market

One issue if invested during a downturn that can benefit long-term investors and mitigate some of the paper losses occurs when others sell during a downturn for whatever reason. Fund companies, in turn, sell stocks to repay the sellers. Those stocks often have gains that are passed on to those conti...
by Nowizard
Thu Jun 06, 2019 11:00 am
Forum: Personal Consumer Issues
Topic: Company requiring salaried employees to clock in?
Replies: 92
Views: 4751

Re: Company requiring salaried employees to clock in?

One factor is increased technology and remote working. It appears ideal and works well for those who are disciplined. Many are not. Managers would not be needed if workers did not need managing, at least on occasion. The employer sets the rules as long as they are legal. Some decisions will be wise,...
by Nowizard
Thu Jun 06, 2019 8:43 am
Forum: Personal Finance (Not Investing)
Topic: 1st Tax Audit in 22 years!
Replies: 27
Views: 3336

Re: 1st Tax Audit in 22 years!

Not sure why providing substantiation for mortgage deduction would be time consuming. Don't you have documentation from the lender? We have received, three I think, letters over the years regarding checking on a particular item, but no complete audit. Each have been resolved with either a single tel...
by Nowizard
Thu Jun 06, 2019 8:34 am
Forum: Investing - Theory, News & General
Topic: Is an active mutual fund ever appropriate?
Replies: 21
Views: 1770

Re: Is an active mutual fund ever appropriate?

Some of us feel that diversification can also apply to choosing some active funds. For example, some may have their entire portfolio in a combination of Wellington and Wellesley. There would not be much support for that approach here, however.

Tim
by Nowizard
Thu Jun 06, 2019 8:28 am
Forum: Personal Investments
Topic: How would you invest a lump sum of 3 million dollars in today's market?
Replies: 50
Views: 5481

Re: How would you invest a lump sum of 3 million dollars in today's market?

Even worse than the decision related to lump sum vs. DCA would be to invest at all until having a sustainable plan. Given the currently available information, suggestions are likely to be more reflective of generally accepted considerations and personal preferences rather than a decision by the OP. ...
by Nowizard
Thu Jun 06, 2019 7:22 am
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 350
Views: 33640

Re: For those who earn $500k+ per year. How'd you do that?

I suspect that part of the answer is to live in a HCOL area where $500K is the equivalent of substantially less in areas with lower COL and taxation. It would be interesting to see comparisons of income to COL figures to obtain relationships. Living in a LCOL area and earning markedly less than $500...
by Nowizard
Thu Jun 06, 2019 7:16 am
Forum: Personal Investments
Topic: How would you invest a lump sum of 3 million dollars in today's market?
Replies: 50
Views: 5481

Re: How would you invest a lump sum of 3 million dollars in today's market?

Once you define your future goals, at least as much as possible from today's perspective, the choice of funds and percentages will become clear. The primary "problem" is psychological at the moment with the sudden, wonderful windfall that could have come with other emotional issues (For example, if ...
by Nowizard
Thu Jun 06, 2019 7:06 am
Forum: Personal Consumer Issues
Topic: What flagship (even used) item is better than a budget new item?
Replies: 131
Views: 7667

Re: What flagship (even used) item is better than a budget new item?

Toyota or Honda automobiles, and Kinsale (Irish company) crystal tumblers and glassware for drinking whatever alcoholic beverages you prefer.

Tim
by Nowizard
Wed Jun 05, 2019 4:30 pm
Forum: Personal Consumer Issues
Topic: Remove dead tree(s) from common ground?
Replies: 11
Views: 622

Re: Remove dead tree(s) from common ground?

If it is common ground within the subdivision, the HOA charter should define responsibility for such occurrences. Highly likely that is the HOA responsibility, at least it is in ours.

Tim
by Nowizard
Wed Jun 05, 2019 11:16 am
Forum: Personal Consumer Issues
Topic: Company requiring salaried employees to clock in?
Replies: 92
Views: 4751

Re: Company requiring salaried employees to clock in?

It's legal, the company pays those salaries and establishes guidelines and rules. Sometimes, we all pay for the issues with others, and we have choices we can make regarding what is most important to us.

Tim
by Nowizard
Wed Jun 05, 2019 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Yet Another Housing Thread (Gut Check)
Replies: 28
Views: 2109

Re: Yet Another Housing Thread (Gut Check)

Housing sizes and perceptions of "want" versus "need" vary significantly by locality and cost of living. A $600K, 3,000 sf house is $200 per sf in the area of the OP. That would be high in our LCOL area where high income people could easily purchase a 4,000 sf, new home on a 100 X 150 foot lot for $...
by Nowizard
Wed Jun 05, 2019 9:15 am
Forum: Personal Consumer Issues
Topic: Automobile Dealer's Finances:
Replies: 5
Views: 467

Automobile Dealer's Finances:

It is commonly reported by automobile dealers that they make only a few hundred dollars on car sales and the rebate from the manufacturer and that their finances depend on servicing. This seems absurd on the surface since there is a tremendous investment in real estate, buildings, employees, insuran...
by Nowizard
Wed Jun 05, 2019 8:06 am
Forum: Personal Finance (Not Investing)
Topic: windfall. do I need to pay estimated tax this year
Replies: 17
Views: 1965

Re: windfall. do I need to pay estimated tax this year

You will have to figure withholding for next year carefully. Tax hardware will figure withholding or ET amounts based on this year's return if you do not consider the significant reduction in anticipated income.

Tim
by Nowizard
Wed Jun 05, 2019 7:56 am
Forum: Investing - Theory, News & General
Topic: Swedroe is far from a passive investor and I am beginning to agree
Replies: 62
Views: 5802

Re: Swedroe is far from a passive investor and I am beginning to agree

I have always thought that, like many other phrases, "Market timing" has a pejorative meaning but is acceptable if another term is used. For example, it is acceptable to change allocations if someone becomes uncomfortable with their level of risk. Though some would say that does not meet the definit...
by Nowizard
Tue Jun 04, 2019 4:15 pm
Forum: Personal Consumer Issues
Topic: Costco or Sam's Club?
Replies: 134
Views: 8116

Re: Costco or Sam's Club?

Yes, there are often lines at Costco, but they move very quickly. Costco has very wide parking places, an advantage for your vehicle and something I appreciate. They also have excellent hearing aid sections and quality aids for excellent prices. Sam's is fine, but we prefer the layout and cleanlines...
by Nowizard
Tue Jun 04, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Value of Zillow house price estimate
Replies: 44
Views: 5988

Re: Value of Zillow house price estimate

Accuracy varies due to Zestimates being based on a specific, geographical area. If the area is broad, as existed with a home we previously owned, they may be inaccurate. If a compact, dense area, they are more accurate. Zillow and Trulia are owned by the same people, but their estimates will vary. O...
by Nowizard
Tue Jun 04, 2019 11:29 am
Forum: Personal Investments
Topic: Maximum amount of Tax Loss Harvesting advisable per year?
Replies: 27
Views: 1499

Re: Maximum amount of Tax Loss Harvesting advisable per year?

Seems a key issue is whether you want to keep the particular fund in which the loss occurred. If so, you can repurchase, as others have mentioned. If not, then it is wise to sell since you do not have confidence in that investment and risk further losses. Accumulated losses gives you a head start on...
by Nowizard
Tue Jun 04, 2019 7:53 am
Forum: Personal Investments
Topic: Do you regret taking a pay cut for quality of life?
Replies: 68
Views: 7350

Re: Do you regret taking a pay cut for quality of life?

Never took a pay cut but early on considered pay as just one of several aspects of a balanced life and turned down promotions or "opportunities" on several occasions. Moderate income by spouse and myself, combined with consistent savings and investments worked out just fine, so no regrets at all for...
by Nowizard
Tue Jun 04, 2019 7:46 am
Forum: Personal Consumer Issues
Topic: Does money/lack of money preoccupy you?
Replies: 79
Views: 6092

Re: Does money/lack of money preoccupy you?

Cody, generally speaking, if we want to find our most challenging traits, we can do so by identifying our most effective ones. The former are often the flip-side of the latter. For example, people who are very well organized, thoughtful and who plan are often initially obsessive when a significant i...
by Nowizard
Mon Jun 03, 2019 9:58 am
Forum: Personal Investments
Topic: Frustrated over in-laws investments
Replies: 14
Views: 1682

Re: Frustrated over in-laws investments

Do you have access to investment returns on these accounts? If so, how are they performing in terms of growth? It would seem a key is whether or not the portfolio amount is increasing or decreasing relative to present and anticipated expenditures. In other words, is the primary issue one where maxim...
by Nowizard
Mon Jun 03, 2019 8:46 am
Forum: Personal Investments
Topic: Frustrated over in-laws investments
Replies: 14
Views: 1682

Re: Frustrated over in-laws investments

Apologies if this posts again. I thought I posted it previously. Your frustration is evident, and this is a complex situation. Basically, you have tried to give guidance where your advice has either been unwanted or ignored in the past. Now, there are substantial complexities that have been added. Y...
by Nowizard
Mon Jun 03, 2019 8:28 am
Forum: Personal Consumer Issues
Topic: Does money/lack of money preoccupy you?
Replies: 79
Views: 6092

Re: Does money/lack of money preoccupy you?

Obsessiveness is a form of anxiety, and the source of anxiety always lies in the future and is related to thoughts about what might or is going to happen. In that sense, obsessiveness can be defined as a necessary and desired approach to many situations that are complex, require much thought and are...
by Nowizard
Fri May 31, 2019 6:04 pm
Forum: Personal Consumer Issues
Topic: Does money/lack of money preoccupy you?
Replies: 79
Views: 6092

Re: Does money/lack of money preoccupy you?

It is required to focus regularly on investing when one starts unless they have inherited a considerable amount or have an extremely high paying job. That sets the tone for checking investments. Later, as one becomes more stable financially, it changes. At this point, we have done well enough to sus...
by Nowizard
Fri May 31, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: “Upsizing” are we foolish?
Replies: 62
Views: 7207

Re: “Upsizing” are we foolish?

You have said that you began spending more when you could sustain it because it added to your overall life enjoyment. You can afford a larger home, so ask yourself if it would enhance your life in an overall manner. The financial part has been answered.

Tim
by Nowizard
Fri May 31, 2019 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Best Bank/Lender for 15 year fixed mortgage?
Replies: 15
Views: 1458

Re: Best Bank/Lender for 15 year fixed mortgage?

Check a variety of places. We have had multiple loans with a relatively small, regional lending bank based on excellent service and what we believe is a competitive rate. We recently purchased a home at a 15-year, fixed rate which was below rates quoted by Bloomberg at the time. We have excellent cr...
by Nowizard
Fri May 31, 2019 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Should my wife and I cancel our Whole Life Insurance policies?
Replies: 31
Views: 2275

Re: Should my wife and I cancel our Whole Life Insurance policies?

The only addition I would make is to research your situation to determine whether you wish to add more term insurance. If so, you may want to obtain that first if there are recent health changes that could affect obtaining additional insurance.

Tim
by Nowizard
Fri May 31, 2019 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Older retirees: Are your expenses lower now than in early retirement?
Replies: 49
Views: 6209

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

We do not have lower expenses, but much of the increase is a choice based on having additional, discretionary income from RMD's. For example, we rent a condo in another city where family reside, and we travel more now than in early retirement. The expenses are greater, but they are also discretionar...
by Nowizard
Fri May 31, 2019 7:48 am
Forum: Personal Consumer Issues
Topic: How to remove minor scratches from Manufactured Hardwood floors:
Replies: 10
Views: 1083

Re: How to remove minor scratches from Manufactured Hardwood floors:

The Minwax stain marker does not appear to adhere and has been tried. Odd that it does not work, but we have always had true hardwood in the past.

Tim
by Nowizard
Fri May 31, 2019 7:46 am
Forum: Personal Consumer Issues
Topic: Bad experience with moving company, what are my options?
Replies: 17
Views: 1713

Re: Bad experience with moving company, what are my options?

Having just gone through a nightmare moving experience, it appears your options are relatively limited. If there are direct requests for compensation of any type, then the BBB may be the best option. We are in the midst of a BBB complaint, and they do interact quickly with the providing company. How...
by Nowizard
Thu May 30, 2019 5:50 pm
Forum: Personal Consumer Issues
Topic: How to remove minor scratches from Manufactured Hardwood floors:
Replies: 10
Views: 1083

How to remove minor scratches from Manufactured Hardwood floors:

From what I can discern, Manufactured and Engineered Hardwood are different terms for the same thing and differ from Laminate floors. The difference is that the former have a layer of actual wood at the top level and can be refinished once or twice depending on thickness, while laminate cannot be re...
by Nowizard
Thu May 30, 2019 9:44 am
Forum: Personal Consumer Issues
Topic: Check my termite quote
Replies: 4
Views: 585

Re: Check my termite quote

I suspect one issue is that they are treating a home that already is known to have termites. In our area of he South, they are unheard of in my experience with a treated home unless there was wood inadvertently left in the slab. We opted for spray coverage rather than the newer approach that has mul...
by Nowizard
Wed May 29, 2019 9:04 am
Forum: Personal Consumer Issues
Topic: Paying Kids For Good Grades -- do you do it?
Replies: 131
Views: 11035

Re: Paying Kids For Good Grades -- do you do it?

This may have been posted previously, but we decided early on that we would pay for our children's college expenses and saved for that purpose from birth. When they reached higher grades, we told each of them that we would determine the cost of tuition, books, room and board, etc. and pay that amoun...
by Nowizard
Wed May 29, 2019 8:55 am
Forum: Personal Consumer Issues
Topic: Double ovens, please advise on these options, have gone through 2 ovens in under 10 years.!
Replies: 49
Views: 3102

Re: Double ovens, please advise on these options, have gone through 2 ovens in under 10 years.!

The higher priced ovens are expensive to repair, and the designated representatives can upcharge. We had GE's top ovens, Monogram, and they worked well but when the repair of one of six burners was required, we were told an entire section controlling all burners would be required for over $500. We d...
by Nowizard
Wed May 29, 2019 8:49 am
Forum: Personal Consumer Issues
Topic: Hyundai Sonata for college.
Replies: 31
Views: 2029

Re: Hyundai Sonata for college.

Given that there will be many without a vehicle, it would be necessary to clearly determine whether others could "borrow" the vehicle. The requests will be numerous. If a child already has an automobile, it may be different, but it would be a wise decision to allow an adjustment for at least a semes...
by Nowizard
Wed May 29, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Money magazine for Bogleheads?
Replies: 35
Views: 4157

Re: Money magazine for Bogleheads?

I emailed the Editor to say the announcement was very sparse and did not mention refunds, just "Newsletters." I received the boiler-plate response, but later another one that apologized "if it was not clear" that refunds would arrive in several weeks.

Tim
by Nowizard
Wed May 29, 2019 8:41 am
Forum: Personal Consumer Issues
Topic: $3k for teen club soccer
Replies: 104
Views: 7114

Re: $3k for teen club soccer

The large sporting goods stores target youth leagues in cities and develop data on sales. For example, baseball and football related equipment brings in more revenue than soccer. There are formal interactions between a particular store and a particular league in some instances. This price is well ab...