Search found 1264 matches

by Nowizard
Mon Jan 22, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: Xfinity broadband: should I try to negotiate a better deal?
Replies: 29
Views: 1379

Re: Xfinity broadband: should I try to negotiate a better deal?

Short answer: yes. Be sure that you did not subscribe to a promotional that included items you do not use. For example, when we haggled, they offered us the "Three in one" promotion (Internet, Voice telephone, and television). We never used the telephone portion but discovered that we were being cha...
by Nowizard
Mon Jan 22, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: Laughter is the Best Medicine - What makes you Laugh?
Replies: 74
Views: 3105

Re: Laughter is the Best Medicine - What makes you Laugh?

The Garrison Keillor joke show CD's. They are short, sometimes cheesy, basically clean and include familiar structure like the chicken crossing the road, knock-knock, "Polish jokes (Though he uses various cultural identities)," etc. They provided hours of laughter following a serious surgery in the ...
by Nowizard
Mon Jan 22, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Is Tax CPA really needed for Vanilla Investments ?
Replies: 22
Views: 1361

Re: Is Tax CPA really needed for Vanilla Investments ?

Having once used a CPA, I quickly learned it was best to do taxes myself, both for monetary savings and education. Our returns involved a small business, interest, dividends, capital gains (losses), non-cash, charitable donations, itemized deductions, etc. Easy with TurboTax if you are an organized ...
by Nowizard
Fri Jan 19, 2018 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping it in a shoe-box is a safer AA
Replies: 37
Views: 3504

Re: Keeping it in a shoe-box is a safer AA

Presumably, the assets passed to her as the surviving spouse. Someone will be able to answer this qualifies for a step-up in cost basis which could have a significant impact if the assets are sold. Wellesley is an often recommended fund, but I suspect most here would recommend the three fund portfol...
by Nowizard
Fri Jan 19, 2018 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Sell Home Depot?
Replies: 49
Views: 3585

Re: Sell Home Depot?

If no one can predict the market, then no one can predict an individual stock's movements with certainty. The issues to me are twofold: 1. Taxes, as you mentioned. Though not desired, paying capital gains is much preferred than using a loss to offset other presumed gains. Fear of taxes has often res...
by Nowizard
Fri Jan 19, 2018 11:37 am
Forum: Personal Consumer Issues
Topic: Family Balance and Children's Athletics
Replies: 37
Views: 2463

Re: Family Balance and Children's Athletics

Excellent decision to question athletics vs. family balance. With our children, they were both approached by "elite" soccer and baseball teams based on their activities as young children in church and recreational leagues. We decided to not enter them into anything elite for several years with one, ...
by Nowizard
Fri Jan 19, 2018 11:28 am
Forum: Personal Consumer Issues
Topic: Gotta sell a boat - Looking for some advice
Replies: 16
Views: 1257

Re: Gotta sell a boat - Looking for some advice

Was in same situation when selling a recreational home on a lake. Would suggest you go to a consignment place on a lake, not a marina. Paid 10% of the set price with the selling agent going through the cost I paid and the sites he used to determine the price. His charge included cleaning the boat an...
by Nowizard
Wed Jan 17, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Book Suggestions
Replies: 14
Views: 964

Re: Book Suggestions

deGrasse-Tyson's Astrophysics for those in a Hurry. It still requires some concentration, particularly in the first two chapters, but it is a fascinating read about how much we do not know and how much of what we do know has been discovered.

Tim
by Nowizard
Tue Jan 16, 2018 12:50 pm
Forum: Personal Consumer Issues
Topic: Hot Water Delay at faucet/shower far from water heater
Replies: 100
Views: 6385

Re: Hot Water Delay at faucet/shower far from water heater

+1 for recirculating of hot water. We have three water heaters that recirculate, resulting in instant hot water. A luxury that we love, and one of the few we have.

Tim
by Nowizard
Tue Jan 16, 2018 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: I'm hooked
Replies: 22
Views: 3963

Re: I'm hooked

Welcome to the best forum on the Internet with the best, most helpful people.

Tim
by Nowizard
Tue Jan 16, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Critique for my Father
Replies: 16
Views: 2029

Re: Retirement Critique for my Father

Another factor, depending on whether the taxable income you mentioned is in addition to the pension involves Medicare. Though the new tax laws could change the current levels, his income could be such that he pays additional amounts for Medicare above the standard deduction. I have not seen any chan...
by Nowizard
Tue Jan 16, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: RMD Withdrawal Plans
Replies: 6
Views: 938

Re: RMD Withdrawal Plans

Do you actually want an automatic withdrawal plan? There are some valid reasons for taking it at times that depend on your own circumstances that can supercede the convenience of automatic withdrawals for some people.

Tim
by Nowizard
Tue Jan 16, 2018 12:23 pm
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 7437

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

It makes no difference to me if the market is "ridiculously overpriced" since at another time it will be "ridiculously underpriced." Any angst is not related to the various shifts in the market but to the rational knowledge it will not occur but the emotional "wish" of always being able to retain th...
by Nowizard
Mon Jan 15, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: how to figure out the assest allocation that you can sleep well with
Replies: 22
Views: 1893

Re: how to figure out the assest allocation that you can sleep well with

If you are having more difficulty doing what you know you "should" do than with figuring out what you should do, then also know that to completely remove anxiety over a portfolio could be less pragmatic than dealing with it. This is particularly true if you are young and anticipating a correction si...
by Nowizard
Sun Jan 14, 2018 6:28 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard switching all accounts to brokerage accounts?
Replies: 65
Views: 8987

Re: Why is Vanguard switching all accounts to brokerage accounts?

Ours have apparently not been switched yet since we have not received any notice. Will the change mean you can purchase ETF's and stocks through the account? We have never purchased a stock or ETF from Vanguard and have never completed any forms, if required, that would allow trades. Is this so oner...
by Nowizard
Fri Jan 12, 2018 6:49 pm
Forum: Personal Consumer Issues
Topic: First time Medicare question
Replies: 18
Views: 936

Re: First time Medicare question

Sounds like some here have a doctor with a very different billing set than mine. However, if the doc billed you for services other than the introductory physical, he should bill Medicare for those services and, in turn, any supplementary insurance you carry. That should pay your bill, but you will h...
by Nowizard
Thu Jan 11, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 290
Views: 26016

Re: Anyone tired of the stock market going up?

What is happening sure does reinforce the importance of being in the market during times like these. It also points out that stress is simply adjustment to change whether it is distress (Adjustment to unwanted events) or eustress (Adjustment to desired events). The current stock market provides some...
by Nowizard
Thu Jan 11, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8055

Re: How much/little money to give kids in will so they continue to work

As others have said, the key is the personality of your children, and that will not become evident until later. We are probably saving for our heirs now but have no concern our children would quit work if they inherited huge sums or won the lottery. Their work is enjoyed and not simply a means to fi...
by Nowizard
Thu Jan 11, 2018 11:34 am
Forum: Personal Consumer Issues
Topic: Trying to downsize but still too much stuff
Replies: 59
Views: 5704

Re: Trying to downsize but still too much stuff

As someone also planning to move, I would like to hire you to help us figure how you have done so well! :D More seriously, you have made it possible to move yourself with one or a couple of trips. Unless you are moving to a very tiny place, why not just move what you have left and follow the old ada...
by Nowizard
Thu Jan 11, 2018 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Help me stop my addiction to stock market peeping!
Replies: 66
Views: 4484

Re: Help me stop my addiction to stock market peeping!

I suspect it is not the looking that you want to stop but the reaction to the looking. Describing what you wish to stop feeling rather than what you wish to stop doing could be helpful in devising a plan if you want to stop "doing." There are many things we do that make little or no pragmatic sense ...
by Nowizard
Wed Jan 10, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6914

Re: Lowball offer on a home

There may be differences among people, but the only thing that ultimately matters is how much you want the house, can you afford it and are you being overly emotional in your attraction to it. A home is a centerpiece in one's life and its importance is not limited to pragmatic aspects when consideri...
by Nowizard
Tue Jan 09, 2018 5:57 pm
Forum: Personal Consumer Issues
Topic: Hot Water Delay at faucet/shower far from water heater
Replies: 100
Views: 6385

Re: Hot Water Delay at faucet/shower far from water heater

Our home has three water heaters and a continually circulating hot water system that provides instant hot water everywhere. It was probably expensive when the house was built but is probably the most preferred feature of the entire house. There are less expensive ways to do this such as have been me...
by Nowizard
Tue Jan 09, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Magazine
Replies: 17
Views: 1788

Re: Personal Finance Magazine

I like Money magazine as well but read financial magazines primarily for general knowledge rather than specific investments. Given the time lag between preparation, printing and distribution, such magazines are often behind the curve with specifics but are informative for those of us who are continu...
by Nowizard
Thu Jan 04, 2018 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: House Down-payment
Replies: 11
Views: 1187

Re: House Down-payment

Ask yourself what amount of loss you could absorb and still purchase a house in your price range with 20% down. Then ask yourself how important it is to you to obtain whatever asset increase you would expect from investing. In other words, determine your risk tolerance and then make your decision ba...
by Nowizard
Thu Jan 04, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Obtaining a Mortgage After Retirement
Replies: 7
Views: 758

Re: Obtaining a Mortgage After Retirement

We are in that exact circumstance but do not know what you are considering as income. We have SS and a moderate pension, the combination paying at least 90% of annual expenditures, plus significant assets in our investments. Our loan originator has not raised any questions and has given us a minimal...
by Nowizard
Thu Jan 04, 2018 3:18 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 222
Views: 24820

Re: Hitting The Sell Button

I suspect that the degree to which reselling/rebalancing is occurring is also related to the portfolio size of the individual and whether it is sustaining at a principal + inflation level or reflecting a reduced principal balance over time after withdrawals. Those who are in the latter group may be ...
by Nowizard
Wed Jan 03, 2018 7:12 pm
Forum: Investing - Theory, News & General
Topic: Before buying gold, have a look at these returns since 1975
Replies: 84
Views: 6609

Re: Before buying gold, have a look at these returns since 1975

Gold has an emotional appeal, and we have a very small number of coins ourselves. Have noticed what I believe are some differences based on personality dynamics among larger purchasers of physical gold that could be controversial.

Tim
by Nowizard
Wed Jan 03, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping a checkbook register
Replies: 95
Views: 5762

Re: Keeping a checkbook register

I do make most payments by check and do keep a register, though the reason for doing so has changed. I keep the registers forever, as they provide a snapshot of what was purchased during a given year, something that our children will enjoy looking back at in the future and laughing.

Tim
by Nowizard
Wed Jan 03, 2018 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Do you eventually get accustomed to your higher balances?
Replies: 47
Views: 6779

Re: Do you eventually get accustomed to your higher balances?

Yes, you get used to it. Part of that is familiarity, part is inflation. That 50K will look like a lot less in 25 years or so. Having also come from humble beginnings, it is quite amazing o make a significant withdrawal or shift without anxiety. Also, if you have done well, a time will come when you...
by Nowizard
Wed Jan 03, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Majority of assets in retirement accounts
Replies: 5
Views: 989

Re: Majority of assets in retirement accounts

Yes, we do pay additional for Medicare, Part B and D. I have wondered if there will be a change in the indexing for those additions with the new tax laws but expect if there are changes they would be more likely to increase the "penalty" than reduce it relative to Medicare.

Tim
by Nowizard
Wed Jan 03, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Majority of assets in retirement accounts
Replies: 5
Views: 989

Majority of assets in retirement accounts

A current thread focuses on whether the ROTH or Traditional IRA is best, depending on personal circumstances, beginning with repeating the often quoted suggestion of funding a ROTH before a Traditional one. A related issue is how much focus to place on tax deferred investments and whether one can pr...
by Nowizard
Tue Jan 02, 2018 6:09 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 316
Views: 23489

Re: What frugal thing did you do today?

Sold an individual stock to simply our portfolio and had a garage door man replace the non-functional motor with a less expensive one. Total cost of $1$330 including installation which involved replacing the chain track, the door reverse sensors, the wall based activator, and programming two remotes...
by Nowizard
Fri Dec 29, 2017 9:26 am
Forum: Personal Consumer Issues
Topic: What computer should I get?
Replies: 36
Views: 3257

Re: What computer should I get?

Lenovo was, I believe, fined for adding bloatware, and it may be improved by now. The suggestion of reinstalling Windows is a good one, but once burned, twice shy. No Lenovo in our future.

Tim
by Nowizard
Fri Dec 29, 2017 9:23 am
Forum: Personal Finance (Not Investing)
Topic: When to Sell House?
Replies: 12
Views: 1291

Re: When to Sell House?

As people in the same position, here is what we are experiencing. We had a lake house that we purchased two days after it went on the market since there were two other parties interested in it. We decided to sell a year before an anticipated move to another city as part of a downsizing. House langui...
by Nowizard
Thu Dec 28, 2017 12:15 pm
Forum: Personal Consumer Issues
Topic: Water Heater Install $1,800!
Replies: 84
Views: 12507

Re: Water Heater Install $1,800!

Some have mentioned tankless water heaters, but we would never get one by choice. They take a very long time to heat up at the faucet, and our current water heaters have instant hot water from a constantly circulating system. They do take less space, and they are advertised as less potentially dange...
by Nowizard
Thu Dec 28, 2017 12:07 pm
Forum: Personal Consumer Issues
Topic: What computer should I get?
Replies: 36
Views: 3257

Re: What computer should I get?

I will add a comment about Lenovo. It has reasonably positive recommendations which led me to purchase a PC from them. It was a huge error in my opinion. There is a massive amount of bloatware pre-installed, and they make it difficult to impossible to remove it. Furthermore, some items that are remo...
by Nowizard
Sat Dec 23, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Accountant fees reasonable?
Replies: 39
Views: 3197

Re: Accountant fees reasonable?

For those with complicated state taxes where there are significant charges for completing, it could be worthwhile to purchase software, say TurboTax, and enter data from your IRS return yourself into the program.

Tim
by Nowizard
Fri Dec 22, 2017 10:25 pm
Forum: Investing - Theory, News & General
Topic: Early retirement pros and cons:
Replies: 58
Views: 6748

Early retirement pros and cons:

Some posters mention that retirement as early as age 40 or younger is a goal. As an older person who retired at age 65, early retirement was never a consideration, though it could have occurred from a financial perspective at least a few years earlier. Is early retirement a common goal for people po...
by Nowizard
Fri Dec 22, 2017 10:56 am
Forum: Investing - Help with Personal Investments
Topic: REIT or No REIT
Replies: 85
Views: 7771

Re: REIT or No REIT

We first added REITs when our portfolio total increased, based on recommendations by some investors. We have held on to them since their interest is higher than a CD, and they are in tax deferred accounts. We will eliminate them in 2018 with a combination of transferring to another fund within a ROT...
by Nowizard
Wed Dec 20, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Availability of health care providers - how to factor this in a move?
Replies: 77
Views: 4041

Re: Availability of health care providers - how to factor this in a move?

There are reasons, sometimes related to competency and license history for physicians to locate in a small community. That is not always the case, of course, and personality factors also play a part, as do rebates on student loans for locating in an underserved area. Check out the providers carefull...
by Nowizard
Mon Dec 18, 2017 1:39 pm
Forum: Investing - Theory, News & General
Topic: Any of you trade just a little as a hobby?
Replies: 64
Views: 6120

Re: Any of you trade just a little as a hobby?

As the OP said, asking the question here is a little like the AA analogy. Individual stock picking has been the source of our largest gains and largest losses, so with much greater volatility than with our primary portfolio. Results are positive, however, slightly exceeding our long-term return on a...
by Nowizard
Sun Dec 17, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: Any of you trade just a little as a hobby?
Replies: 64
Views: 6120

Re: Any of you trade just a little as a hobby?

Yes, to scratch the itch. Just checked, and it represents about 1.5% of our portfolio in three stocks, Southern, Amazon and Google at the moment.

Tim
by Nowizard
Sun Dec 17, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off low interest loans or keep?
Replies: 2
Views: 337

Re: Pay off low interest loans or keep?

Car choice is yours but older, used vehicle with reliability should be less expensive. As for the student loan, the percentage of your assets is small, so the size of your portfolio is a part of the answer. If your loan is small, then it probably makes minimal difference if you pay it off. However, ...
by Nowizard
Sun Dec 17, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Should job effect asset allocation
Replies: 3
Views: 325

Re: Should job effect asset allocation

Most everyone would say to not use market timing as part of the decision process but establish a consistent plan for investing and follow it, using the benefits of compounding over time. What you have mentioned is a type of market timing. If your prospects occur, it is not certain how that would aff...
by Nowizard
Sun Dec 17, 2017 11:14 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 7439

Re: New job offer - background check

Did the application process have questions about legal history? Does this firm have a history of terminating people if additional information is discovered after hiring? It may not be legal for that to occur if it does but companies have their ways of achieving their goals. This is basically a quest...
by Nowizard
Sun Dec 17, 2017 11:06 am
Forum: Investing - Theory, News & General
Topic: Do you have bonds in Roths as a retiree?
Replies: 35
Views: 2789

Re: Do you have bonds in Roths as a retiree?

As someone in the exact same position, we have chosen to invest more aggressively in our Roth accounts. As with you, they are smaller and we are very likely investing for our heirs. Reasoning is that increased volatility does not produce any itchiness to make changes and withdrawal for our RMD's is ...
by Nowizard
Fri Dec 15, 2017 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Active vs. index funds in a recession:
Replies: 11
Views: 915

Re: Active vs. index funds in a recession:

Thank you everyone for the responses. Nate: Not being technologically savvy, I did try to look this up, did not find it but knew there would be someone on this wonderful site who would share their knowledge with one having the moniker of "Nowizard."

Tim
by Nowizard
Fri Dec 15, 2017 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Active vs. index funds in a recession:
Replies: 11
Views: 915

Active vs. index funds in a recession:

We all know the statistics regarding index and actively managed funds over longer periods of time. However, during more defined periods of time, specifically during a recession, does this same dynamic occur, or do actively managed funds outperform index funds? We also know that buy/hold would includ...