Search found 1443 matches

by Nowizard
Mon Aug 20, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Your major and investing/finance?
Replies: 88
Views: 3968

Re: Your major and investing/finance?

My father was a person about whom it was said that he was perhaps the only person who knew every word in the English language. He was very intelligent but totally ignorant about investing, though it was interesting to me for some reason. While in college, he asked me if all stocks sold for one dolla...
by Nowizard
Mon Aug 20, 2018 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Do you go for annual Medicare preventive tests and screening?
Replies: 36
Views: 1915

Re: Do you go for annual Medicare preventive tests and screening?

Kaneohe: The doc discussed the coding issue and coded it as a physical and follow-up. Still was not accepted.

Tim
by Nowizard
Mon Aug 20, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Cheapest Home Insurance ?
Replies: 30
Views: 2220

Re: Cheapest Home Insurance ?

Just shopped bundled auto/home/umbrella insurance after 50 years with State Farm following reading that companies often charge more for longer term consumers since people do not routinely shop. Homeowner's and Umbrella were within $75 of State Farm, just slightly less. However, the auto insurance fo...
by Nowizard
Mon Aug 20, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Do you go for annual Medicare preventive tests and screening?
Replies: 36
Views: 1915

Re: Do you go for annual Medicare preventive tests and screening?

My issue was that my doc did an EKG and chest X-ray, along with a lab test he routinely does with a physical. Medicare and my supplemental would not cover them since those items were not part of the annual, Medicare protocol being completed at the same time. These items have been covered previously ...
by Nowizard
Sun Aug 19, 2018 9:25 am
Forum: Investing - Theory, News & General
Topic: This is Unbelievable - another Vanguard customer support odyssey
Replies: 68
Views: 14360

Re: This is Unbelievable - another Vanguard customer support odyssey

Hopefully, this is a blip, but customer service is generally poorer with many businesses these days. Personally, we have had no issues in at least a decade with Vanguard, including a series of recent transactions that were complicated. At first I thought there were several errors, which turned out t...
by Nowizard
Wed Aug 15, 2018 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 58
Views: 4638

Re: Marriage [How should finances be handled?]

A major influence affecting the handling of finances that often appeared in my work with couples occurred when one member had significantly more assets entering the marriage than the other. This often occurred in couples wanting to combine assets but with some initial concern by the one with greater...
by Nowizard
Tue Aug 14, 2018 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Mutual funds / market correction
Replies: 13
Views: 1064

Re: Mutual funds / market correction

Generally, companies that are stodgy, utilities for example, can be counted on to pay dividends consistently, as can many mature, blue-chip companies. The risk in chasing dividends is that companies experiencing difficulty may raise dividends in search of investors only to reduce or eliminate them i...
by Nowizard
Fri Aug 10, 2018 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Total Stock and Total Bond Market(s) at Vanguard
Replies: 29
Views: 4474

Re: Total Stock and Total Bond Market(s) at Vanguard

We overlap/duplicate by having most of our stock funds in Vanguard Total Stock Market but my wife wishes to hold a significant amount in an actively managed fund she chose. It is well regarded but largely duplicates TSM both in holdings and returns.

Tim
by Nowizard
Fri Aug 10, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Advice needed on final house negotiations
Replies: 35
Views: 2049

Re: Advice needed on final house negotiations

Seems you definitely want the house. Time to cut to the chase, smile and send the sellers a small GC for something to celebrate the difficulty both sides experienced in the negotiations. If there are warranties on any of the rehabbing, the negotiations may not be finished until the warranty period e...
by Nowizard
Fri Aug 10, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Gifting a down payment/avoiding gift tax
Replies: 27
Views: 2958

Re: Gifting a down payment/avoiding gift tax

Gift $14,000 from you and spouse to son and spouse now, equivalent amount in January, 2019, assuming all those people are in play.

Tim
by Nowizard
Fri Aug 10, 2018 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Mutual funds / market correction
Replies: 13
Views: 1064

Re: Mutual funds / market correction

One issue is whether you will spend all the dividends/interest or whether some will be reinvested. If the latter, a potential market downturn would result in purchasing shares at a lower cost with the interest and dividends. If spending the interest/dividends completely, then you are talking about m...
by Nowizard
Fri Aug 10, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 7716

Re: Should I tell my family/friend that they are making a financial mistake?

One of my favorite phrases is "Unasked for advice is frequently interpreted as criticism."

Tim
by Nowizard
Thu Aug 09, 2018 8:28 am
Forum: Investing - Theory, News & General
Topic: Two voices in my head
Replies: 36
Views: 2781

Re: Two voices in my head

The dilemma continues for some of us even in retirement when we are fortunate enough to not need to take significant risk but want to maximize return. Years ago, when investment information was not as easily obtained, we were often taking great risk without awareness when all we knew was that we sho...
by Nowizard
Wed Aug 08, 2018 2:02 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3664
Views: 1039869

Re: What Movie Have You Recently Watched?

Won't You be my Neighbor and the documentary on Ruth Bader Ginsburg. Both were inspiring for my spouse and me.

Tim
by Nowizard
Wed Aug 08, 2018 1:43 pm
Forum: Personal Consumer Issues
Topic: Relaxing - quieting the mind
Replies: 47
Views: 2972

Re: Relaxing - quieting the mind

A cartoon today: My doctor recommended meditation for relaxation, but I prefer martini's. That fits sometimes, but the best relaxation for me is either fishing or recounting fishing trips mentally or with photos.

Tim
by Nowizard
Wed Aug 08, 2018 1:29 pm
Forum: Personal Consumer Issues
Topic: Minivan Vs SUV Experience
Replies: 111
Views: 6928

Re: Minivan Vs SUV Experience

Minivan, at least the Odyssey, uses regular vs. premium gasoline, has more carrying capacity, better resale, and costs less depending on trim.

Tim
by Nowizard
Wed Aug 08, 2018 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Pension and Social Security,. Do I need Bonds?
Replies: 6
Views: 774

Re: Pension and Social Security,. Do I need Bonds?

It depends on several factors such as the degree to which you are assured SS and pension will cover expenses, risk tolerance and what is generally recommended. You may wish to investigate returns for various portfolios based on their stock/bond ratios. Many feel that an 80/20 ratio provides equivale...
by Nowizard
Wed Aug 08, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: What (simple) desktop to buy
Replies: 29
Views: 1264

Re: What (simple) desktop to buy

I use a computer primarily to surf the net and for email, so only need a simple one. Just bought one. Big box associates said that most any would do so long as the processor was at least i3. I ended up purchasing an HP with i5, and it is fine. Also, I found that eBay prices were better than at big b...
by Nowizard
Wed Aug 08, 2018 8:57 am
Forum: Personal Consumer Issues
Topic: are mccormick gourmet spices better
Replies: 68
Views: 5440

Re: are mccormick gourmet spices better

For those who are not particularly into cooking, Dollar General has a full line of spices.
Tim
by Nowizard
Wed Aug 08, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: "Dollar Tree Store" favorites
Replies: 84
Views: 6466

Re: "Dollar Tree Store" favorites

Birthday and celebration balloons. Simple tools like pliers. Condiments. Pans for cooking turkeys.

Tim
by Nowizard
Tue Aug 07, 2018 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7038

Re: "Skin in the game"

Totally agree. We covered our children's college and graduate educations. Our "Skin" was cash and encouragement, theirs was producing the academic performance required to receive the "Skin." It worked out very well for all concerned.

Tim
by Nowizard
Tue Aug 07, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: holding bonds-why or why not?
Replies: 19
Views: 2203

Re: holding bonds-why or why not?

A key is the individual's situation. Some buy bonds for diversification and protection, some only with money they feel they cannot lose (Or will lose less in a down market), some who live off the interest, etc. Some do not because they can afford to be more aggressive or due to over optimism, etc. I...
by Nowizard
Tue Aug 07, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14387

Re: Will you pay for your kids' college/graduate education?

We budgeted to pay for all education through graduate school with both children holding terminal degrees in their chosen areas. No, they do not feel entitled in that regard and both are appropriate with their spending and earn more at this point in their careers than their parents at the same age. W...
by Nowizard
Tue Jul 31, 2018 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Financial upside / downside of marriage vs cohabiting
Replies: 74
Views: 5811

Re: Financial upside / downside of marriage vs cohabiting

Though a family history of divorce would certainly sensitize someone to the many negatives associated with it, there are associations between a history of divorce in a family and an increased probability of divorce for future generations of that family. Without attempting to detail studies for why t...
by Nowizard
Mon Jul 30, 2018 7:48 am
Forum: Investing - Help with Personal Investments
Topic: Condo purchase: some general and specific questions (ARM mortgage?)
Replies: 15
Views: 855

Re: Condo purchase: some general and specific questions (ARM mortgage?)

AHumanInterest: I think you have answered your own question with deciding you want to pay off your loan ASAP. The comment about a 30-year vs. an ARM loan was directed toward an analysis of the choice of whether a larger loan than necessary could be justified by potential returns on the "extra" amoun...
by Nowizard
Mon Jul 30, 2018 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Consistently over budget on food - what are you guys eating?
Replies: 70
Views: 5789

Re: Consistently over budget on food - what are you guys eating?

It is also important to be sure you are comparing with people reporting entire food budgets, including eating out and whether you eat leftovers. Those factors, along with the amount in your pantry are significant. For example, our son's friends from childhood quite literally "Tour" our pantry when v...
by Nowizard
Fri Jul 27, 2018 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Your age in bonds?
Replies: 57
Views: 6446

Re: Your age in bonds?

Though in retirement, we maintain a 60/40 stock/bond ratio and do count SS and pension as very significant factors influencing this choice. Both are indexed to inflation, and we do determine the assets that would be required to obtain total income of the combined amounts at a 4% withdrawal rate. For...
by Nowizard
Fri Jul 27, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Condo purchase: some general and specific questions (ARM mortgage?)
Replies: 15
Views: 855

Re: Condo purchase: some general and specific questions (ARM mortgage?)

Since you will have debt when you purchase, you have a choice on how large a loan to obtain, particularly considering that you are young and willing to take risks. Most of us would love to have no debt and a million dollar home, but that is not realistic for most. One option would be to determine wh...
by Nowizard
Thu Jul 26, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Moral dilemma - What would you do?
Replies: 54
Views: 5602

Re: Moral dilemma - What would you do?

If this were a financial product, the issue would be clear. Regulations and laws require consideration of the client's best interests. To not do so would be both an ethical and a legal violation.

Tim
by Nowizard
Wed Jul 18, 2018 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 102
Views: 7195

Re: How do you handle the urge to DO something?

Yes, I have an itch, too. It remains difficult, even after retiring ten years ago, to not want to focus on accumulation rather than preservation. This means there is the urge to be more aggressive with investments than required. A relatively small amount of play money is my solution. It represents a...
by Nowizard
Wed Jul 18, 2018 9:38 am
Forum: Personal Consumer Issues
Topic: Would you pay $120 for a 5 year dishwasher warranty?
Replies: 61
Views: 2919

Re: Would you pay $120 for a 5 year dishwasher warranty?

Nope. We follow Consumer Reports advice, too.

Tim
by Nowizard
Wed Jul 18, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Received IRS notice CP 2000 asking more tax. Need help.
Replies: 18
Views: 1806

Re: Received IRS notice CP 2000 asking more tax. Need help.

I have received two of these over the years, both unsubstantiated when responding. Good luck. Hopefully, it was an error in entering data in TT or something simple like that. Congratulations on your daughter being in med school on full scholarship.

Tim
by Nowizard
Wed Jul 18, 2018 9:33 am
Forum: Personal Consumer Issues
Topic: Question about new construction basement houses
Replies: 19
Views: 1389

Re: Question about new construction basement houses

$26 a SF for 1,000 extra feet sounds like an excellent deal if your finances allow it. When Realtors are comparing homes for buyers, SF cost is a key figure for tax purposes and resale. If your proposed area is one where contractors are closer to taking orders than selling homes, I would want to che...
by Nowizard
Mon Jul 16, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Bored
Replies: 25
Views: 3551

Re: Bored

If the title means the boredom extends beyond finances, it may be time to consider a different balance between saving and spending. Prudent financial planning brings comfort for many, not boredom, though you may be only in a temporary state. A balance between saving for the future while spending eno...
by Nowizard
Mon Jul 16, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: What to sell for Mom's RMD
Replies: 15
Views: 1212

Re: What to sell for Mom's RMD

Delete: Topic already covered.
by Nowizard
Sat Jul 14, 2018 9:07 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1937
Views: 353458

Re: What are you up YTD? [Year To Date]

1.02 UTD for 59/41

Tim
by Nowizard
Thu Jul 12, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: Costco Membership
Replies: 54
Views: 6942

Re: Costco Membership

Have a Costco member give you a gift card for a purchase, reimburse them and go without a membership. I believe this is allowed based on just making a Google search.

Tim
by Nowizard
Thu Jul 12, 2018 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping a checkbook register
Replies: 122
Views: 9374

Re: Keeping a checkbook register

I keep a register and have for many, many years. Doing so now is because of two reasons: 1. Habit that has served me well, 2. It provides a history of my family in the sense that looking back at the books allows one to determine who was a particular baby sitter, when did saving for college funding b...
by Nowizard
Thu Jul 12, 2018 8:21 am
Forum: Investing - Help with Personal Investments
Topic: What to do with "Extra" money:
Replies: 8
Views: 905

What to do with "Extra" money:

We have been accumulating cash for a proposed move from a LCOL area to a HCOL area that would involve selling our present home and purchasing a significantly more expensive, but smaller, home in the HCOL area. Circumstances resulted in a change of plans, though we will leave our current home on the ...
by Nowizard
Wed Jul 11, 2018 7:51 am
Forum: Personal Consumer Issues
Topic: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?
Replies: 96
Views: 8783

Re: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?

Glockenspiel: Housing price comment based on children's experience, but if you read the post, it says "May be," not are less.

Tim
by Nowizard
Tue Jul 10, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 212
Views: 13565

Re: What are your property taxes?

House appraised for 570K, taxes, combined city/county, are $2,661, absurdly low!

Tim
by Nowizard
Tue Jul 10, 2018 8:14 am
Forum: Personal Consumer Issues
Topic: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?
Replies: 96
Views: 8783

Re: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?

Both cold, of course, in winter. Madison smaller with great culture. Political culture very liberal in Madison which is a likely positive or negative these days. Overall, both (Children live in both places) are places where you can find culture, activities, educational opportunities. Minneapolis may...
by Nowizard
Tue Jul 10, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Target date funds....unsophisticated?
Replies: 64
Views: 4787

Re: Target date funds....unsophisticated?

If someone invests in a Target Fund that focuses on the investor being five years from retirement with a 40/60 stock/bond ratio, for example, will the investor retain that ratio forever, or does the investor continue to be moved to another retirement fund with more conservative weighting over time? ...
by Nowizard
Sun Jul 08, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?
Replies: 95
Views: 5631

Re: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?

Not "hosed" yet but just wait until they recommend replacing hoses and the timing belt! Find an independent mechanic.

Tim
by Nowizard
Thu Jul 05, 2018 10:56 am
Forum: Investing - Theory, News & General
Topic: Morningstar: prepare for a lost decade for U.S. stocks
Replies: 198
Views: 18909

Re: Morningstar: prepare for a lost decade for U.S. stocks

If no one knows where the market is going, then diversity is basically the only rational choice we can make. Within diversification, there are numerous ways to focus on the areas of stocks and bonds, including changing ratios based on factors other than age and total assets. It may not make sense fo...
by Nowizard
Wed Jun 27, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Help with bond funds vs. CD's in retirement portfolio:
Replies: 4
Views: 509

Re: Help with bond funds vs. CD's in retirement portfolio:

All funds are in tax-advantaged accounts and switches incur no tax consequences until removed by MRD's. There is no need to have immediate access to the assets since MRD's, SS and a pension exceed our spending. The basic questions are whether it is six of one and half a dozen of another, as one resp...
by Nowizard
Wed Jun 27, 2018 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Help with bond funds vs. CD's in retirement portfolio:
Replies: 4
Views: 509

Help with bond funds vs. CD's in retirement portfolio:

We have significant assets in Vanguard's Total Bond Index and Short Term Bond index. Our primary concern is preservation of capital as our portfolio is sufficient to maintain our life style indefinitely. These two funds have 2.26% and 1.83% average returns, respectively, for the past five years acco...
by Nowizard
Tue Jun 26, 2018 7:42 am
Forum: Investing - Theory, News & General
Topic: What Now With Down 2018 Market
Replies: 32
Views: 6382

Re: What Now With Down 2018 Market

There is always something. When younger, we are more concerned with acquiring enough in assets to retire comfortably, when older we are more concerned with preserving assets that allow a comfortable retirement. Comfort is the underlying goal, and that goal can both appear to be and be elusive. Such ...