Search found 7352 matches

by 123
Wed Jun 16, 2021 4:09 pm
Forum: Personal Consumer Issues
Topic: Small (4'X9') space for bathroom?
Replies: 25
Views: 1093

Re: Small (4'X9') space for bathroom?

I've had bathrooms in European hotel rooms where the sink and toilet were in the shower, just tile everything. You can make it work. They do it in RVs with far less space than 4'x9'. Or you could adopt a "split bath" model where the sink and tub/shower are in room and the toilet is elsewhe...
by 123
Wed Jun 16, 2021 3:15 pm
Forum: Personal Investments
Topic: Company sold
Replies: 15
Views: 1124

Re: Company sold

In my 401k all employer matches are paid in company stock(which I immediately diversify out of). The company stock is one of the 401k investment choices. So if my employer were acquired (unlikely) at a humongous premium (even more unlikely) the growth would be contained within the 401k for those tha...
by 123
Wed Jun 16, 2021 12:34 pm
Forum: Personal Investments
Topic: $ out of Schwab Money Market and into Schwab Checking?
Replies: 17
Views: 885

Re: $ out of Schwab Money Market and into Schwab Checking?

If you hold funds in a PURCHASED Schwab MMF you should be aware that at Schwab the purchased MMFs are generally not "Sweepable" meaning that you have to (actively yourself) sell shares to have cash available for the checking feature. Fidelity will liquidate purchased MMF positions to pay c...
by 123
Tue Jun 15, 2021 9:41 pm
Forum: Personal Consumer Issues
Topic: Vacation in Michigan in August
Replies: 22
Views: 1745

Re: Vacation in Michigan in August

We had a summertime event to attend in Ann Arbor so made a trip up to "Somewhere in Time" Mackinac Island as well (spouse's suggestion, happy wife, happy life). We did the 5 hour drive up to Mackinaw City where we stayed overnight and then went out to the Grand Hotel on Mackinac Island the...
by 123
Tue Jun 15, 2021 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA for trust: CS or Fidelity?
Replies: 4
Views: 354

Re: Inherited IRA for trust: CS or Fidelity?

From what I've looked at Fidelity's automatic RMD process is far superior to what is currently offered by Schwab. Schwab only offers an automatic RMD process for accounts that are enrolled in one of their Intelligent Portfolio services (those services that are basically funded by leaving a portion o...
by 123
Tue Jun 15, 2021 4:04 pm
Forum: Personal Consumer Issues
Topic: Displaying photographs
Replies: 7
Views: 607

Re: Displaying photographs

Your best alternative may be to find an "old school" photographer that can photographically produce a "real" negative and then get a silver gelatin print made from that, hopefully by the same photographer. Digital cameras have been popular for over 20 years so finding someone wit...
by 123
Tue Jun 15, 2021 3:46 pm
Forum: Personal Consumer Issues
Topic: Bathroom Remodel without Permit?
Replies: 61
Views: 6103

Re: Bathroom Remodel without Permit?

A contractor may prefer to work without pulling a permit because their involvement with a permit could be a lead for additional income for the tax authorities at some point. In our area all the permits (and complaints) are online and one can find them by searching based on address or contractor lice...
by 123
Tue Jun 15, 2021 3:28 pm
Forum: Personal Consumer Issues
Topic: Displaying photographs
Replies: 7
Views: 607

Re: Displaying photographs

Why not reproductions made with silver gelatin? Though they are not available at Walgreens or Costco they can be done by some photographers and there are sources on-line. Google "gelatin silver photograph duplicate" (without quotes).
by 123
Tue Jun 15, 2021 9:35 am
Forum: Investing - Theory, News & General
Topic: Ric Edelman retiring in the fall
Replies: 53
Views: 6018

Re: Ric Edelman retiring in the fall

Oh, he's a pundit. I make a point of not watching or listening to pundits. In fact, I don't even know who most of them are until their names show up here in boglehead threads. I'm still astonished that bogleheads watch and listen to all this punditry. There's a certain entertainment value in listen...
by 123
Tue Jun 15, 2021 8:20 am
Forum: Personal Investments
Topic: How to Get my Relatives Out of Edward Jones
Replies: 68
Views: 4432

Re: How to Get my Relatives Out of Edward Jones

No one needs to talk to Edward Jones at all. It's the relative's money. They simply need to contact a new broker, like Vanguard, Schwab, or Fidelity and they will "pull" the account from Edward Jones. It's just business. I think you can do it all with clicks these days.
by 123
Tue Jun 15, 2021 1:19 am
Forum: Personal Finance (Not Investing)
Topic: Cash Out Refi-Thoughts?
Replies: 28
Views: 1972

Re: Cash Out Refi-Thoughts?

Why not sell the house to cash in all your equity and lock some away with the $250K capital gain exclusion(s)? You can just rent and invest some proceeds as you wish. Buy a house again when the real estate market crashes.
by 123
Mon Jun 14, 2021 9:35 pm
Forum: Investing - Theory, News & General
Topic: Ric Edelman retiring in the fall
Replies: 53
Views: 6018

Re: Ric Edelman retiring in the fall

UpperNwGuy wrote: Mon Jun 14, 2021 9:24 pm Who is Ric Edelman?
https://www.edelmanfinancialengines.com ... man-radio/

His radio informercial program is broadcast around much of the country on Saturdays and Sundays, scheduling varies by local radio market.
by 123
Mon Jun 14, 2021 9:09 pm
Forum: Investing - Theory, News & General
Topic: Ric Edelman retiring in the fall
Replies: 53
Views: 6018

Re: Ric Edelman retiring in the fall

The announcement includes the following: "As part of his stepping back from the company, Ric Edelman will also be giving up his weekly radio show, which he has hosted for 29 years. The final edition of The Ric Edelman Show will air during the fall, after which it will be renamed and feature a y...
by 123
Mon Jun 14, 2021 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Having a Baby-- Budgeting?
Replies: 37
Views: 3135

Re: Having a Baby-- Budgeting?

Some daycares/nursery schools are somewhat elitist with standards for the children that are admitted, sometimes only the best. The best come with parents who are likely able, and willing, to donate to the school over and above the monthly fees. Your kid can be a shoe-in if you hold sway in directing...
by 123
Mon Jun 14, 2021 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: How much does [Seattle area] private school cost?
Replies: 44
Views: 2284

Re: How much does private school cost?

If you have to ask...

Prices I've familiar with are $10K - $30K a year, varies by school and location.
by 123
Mon Jun 14, 2021 3:01 pm
Forum: Personal Consumer Issues
Topic: Afternoon tea in Boston?? Where??
Replies: 28
Views: 2083

Re: Afternoon tea in Boston?? Where??

manuvns wrote: Mon Jun 14, 2021 2:01 pm starbucks or your local coffee shop ?
A tall from Starbucks and a box of vanilla wafers and I'd be good.

Spouse took our kid to a fancy tea in Victoria Canada and the kid asked "Mommy are we rich?". Not like at home.
by 123
Mon Jun 14, 2021 2:50 pm
Forum: Personal Consumer Issues
Topic: Shipping/Packaging Tape
Replies: 6
Views: 461

Re: Shipping/Packaging Tape

We use the Scotch Heavy Duty Packaging tape as well. Have bought it at Costco, Amazon, and Office Max in various size quantities. I usually think "Oops I bought too much this time" but it always seems to get used up.
by 123
Mon Jun 14, 2021 11:08 am
Forum: Personal Consumer Issues
Topic: Locast Streaming Service?
Replies: 14
Views: 778

Re: Locast Streaming Service?

Try an antenna first. Depending on your location relative to the TV broadcast towers you may get extraordinary reception with just a simple indoor antenna. I would try that first. The bandwidth of broadcast TV with an antenna is like a firehose, it is far superior to streaming.
by 123
Sun Jun 13, 2021 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Credit freeze prevented identity theft
Replies: 5
Views: 1627

Re: Credit freeze prevented identity theft

...a nondescript envelope contained a letter from a bank... Banks normally use a standard stationary with their logo. Before you use any contact information in the letter I would verify the bank with their own website (if any) as well as the FDIC https://banks.data.fdic.gov/bankfind-suite/bankfind....
by 123
Sun Jun 13, 2021 12:33 pm
Forum: Personal Consumer Issues
Topic: Receiving money for someone else
Replies: 29
Views: 1662

Re: Receiving money for someone else

...Since the son won't get the money until he has a bank account, his parents can wire the money directly into the son's bank account when that account is open... It could take the arriving son a considerable period of time to get the necessary tax id before s/he can open the account with the bank....
by 123
Sun Jun 13, 2021 1:01 am
Forum: Personal Investments
Topic: Managed bond accounts
Replies: 8
Views: 779

Re: Managed bond accounts

Just for comparison the expense ratio on the Vanguard Total Bond Market ETF (BND) is .035%. The cost of a managed bond account is over 10 times that. In addition to the cost of managing the bond account you will likely also be paying more for your bonds on an individual transaction basis.
by 123
Sat Jun 12, 2021 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Rural Land Farm ID and Tax
Replies: 9
Views: 927

Re: Rural Land Farm ID and Tax

If you've got a compatible climate you could grow Christmas Trees, probably an 8 - 12 year turnaround on a crop. If you've got enough rain maybe all you have to do is prune once a year.
by 123
Sat Jun 12, 2021 3:46 pm
Forum: Personal Consumer Issues
Topic: What would you do and why? [HELOC to buy used Porsche]
Replies: 81
Views: 5764

Re: What would you do and why?

If an individual can't pay cash for a toy they likely don't deserve the toy.

A HELOC is not deductible if it is not used to "buy, build, or substantially improve". Purchasing a vehicle to place in the driveway or the garage would not be allowed as an "improvement".
by 123
Sat Jun 12, 2021 3:35 pm
Forum: Personal Investments
Topic: Lump sum into Wealthfront to offset large capital gains?
Replies: 24
Views: 1353

Re: Lump sum into Wealthfront to offset large capital gains?

Should you be considering "Direct Indexing" with Wealthfront you should be aware that you could end up holding hundreds of individual stocks (and potentially multiple lots of many) and that it may be a significant tax preparation burden to hold it as well as to get out of it. Yes the trans...
by 123
Sat Jun 12, 2021 12:52 pm
Forum: Personal Consumer Issues
Topic: Plumbing drain pipe “disconnect”
Replies: 20
Views: 1534

Re: Plumbing drain pipe “disconnect”

Yes you are in a muddle of a mess. Someone else may be responsible, the contractor, but with the passage of time it makes it more difficult to make that case. The approach I would take is get the repair made. In the course of excavation you may learn more about what likely caused the problem (take p...
by 123
Sat Jun 12, 2021 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Account
Replies: 31
Views: 3404

Re: Savings Account

I think a local brick-and-mortar bank checking account paired with a savings account at Ally is a good combination. At this time I don't think the interest yield at a brick-and-mortar bank is worth having a savings account with them.
by 123
Fri Jun 11, 2021 4:10 pm
Forum: Personal Investments
Topic: A Left Brain/Right Brain Roth Dilemma
Replies: 19
Views: 2403

Re: A Left Brain/Right Brain Roth Dilemma

A Roth is only really useful if you want to save money for the future and have any interest/dividend income as well as any capital gains free of any income tax. If your income and expenses don't allow you to save current income in a Roth it is always possible to move funds from taxable accounts into...
by 123
Thu Jun 10, 2021 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate agent reluctant to show offers to the seller prior to decision
Replies: 99
Views: 9642

Re: Real estate agent reluctant to show offers to the seller prior to decision

Perhaps the agent is only showing offers where s/he is on both sides of the deal (representing seller and buyer). Or the firm s/he is with is on both sides. If you saw the complete written offers sometimes things like that stand out.
by 123
Thu Jun 10, 2021 3:14 pm
Forum: Investing - Theory, News & General
Topic: I am with Schwab and invest with a automated purchase plan
Replies: 3
Views: 701

Re: I am with Schwab and invest with a automated purchase plan

I don't deal with any individual stocks or sectors. I use Vanguard mutual funds and ETFs and I never have to work about individual stock or sector risk. And I am pretty much guaranteed to get market returns (except for a small fraction for expense ratio). But some people like things more complicated...
by 123
Thu Jun 10, 2021 3:05 pm
Forum: Personal Consumer Issues
Topic: Govt Loans vs. Loans from Parents for college
Replies: 7
Views: 564

Re: Govt Loans vs. Loans from Parents for college

getthatmarshmallow wrote: Thu Jun 10, 2021 2:16 pm If I were the first kid who'd attended the cheaper college because I had to pay my own way, I'd see option 1) as mom and dad paying for the more expensive college for my sibling. Something to think about.
+1 To me this is the primary problem of a loan from the bank of Mom and Dad.
by 123
Thu Jun 10, 2021 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: 19 yr old college student - does Kiddie tax apply if financially independent via gift from parents?
Replies: 14
Views: 1206

Re: 19 yr old college student - does Kiddie tax if financially independent via gift from parents?

...He is thinking of giving appreciated securities (stock) to his 19 year old kid, who is in college. His logic being the long-term capital gains tax rate for single is zero up to $40,400. So, he gives him appreciated securities. Kid does not have to pay taxes on it.... Just a note: The value of th...
by 123
Thu Jun 10, 2021 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Seeking Guidance: Should I take the new opportunity?
Replies: 23
Views: 1110

Re: Seeking Guidance: Should I take the new opportunity?

Seems to me getting your green card is the single most important thing you need to secure, so I personally would not make a move until you have the bird in hand... +100 The green card is your "ticket" to easy career advancement without the complications of visa restrictions. Since that se...
by 123
Thu Jun 10, 2021 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Am I Wrong, or is Social Security?
Replies: 4
Views: 1041

Re: Am I Wrong, or is Social Security?

Does the letter from Social Security say anything about a claim for spousal benefits or reference any other claim?
by 123
Thu Jun 10, 2021 12:00 am
Forum: Personal Consumer Issues
Topic: Reasonable time to wait for HVAC warranty parts
Replies: 20
Views: 1480

Re: Reasonable time to wait for HVAC warranty parts

HVAC system manufacturers frequently manufacture multiple systems under different brand names. So the same part might be found in different brands under different brand names and different part numbers. There is usually a cross-reference manual available that identifies possible substitutions. You m...
by 123
Wed Jun 09, 2021 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Railroad Retirement
Replies: 20
Views: 2870

Re: Railroad Retirement

Here's a comparison of SSA and RRB benefits:https://www.rrb.gov/sites/default/files/2020-01/maxben.pdf RRB benefits are funded by taxes on the employee and the employer (the railroad). Tier 1 RRB benefits produce pretty much the same as SSA. There is an additional tax on the employee and the employe...
by 123
Wed Jun 09, 2021 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Will California out-of-network physicians accept private pay from a Kaiser member?
Replies: 16
Views: 1358

Re: Will California out-of-network physicians accept private pay from a Kaiser member?

...We are relocating to California. One family member may have to be enrolled in a research study only available at a Kaiser facility. That means that the whole family may have to enroll in Kaiser Permanente member plan although we have always had a PPO and liberally saw out of network doctors... D...
by 123
Tue Jun 08, 2021 9:17 pm
Forum: Personal Investments
Topic: Inherited a Qualified Annuity - What option for payment
Replies: 9
Views: 845

Re: Inherited a Qualified Annuity - What option for payment

You should be able to take option C "Stretch IRA" and have the funds held in an inherited IRA. I don't think they can force you, though they may try to strong arm you, to purchase any insurance product. Just leave it in cash or a MMF. As soon as the account is established and you've got an...
by 123
Tue Jun 08, 2021 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Railroad Retirement
Replies: 20
Views: 2870

Re: Railroad Retirement

There are many financial advisers that market themselves to particular occupations or careers, such as for teachers, doctors, firemen, police, etc. Sometimes they market themselves as experts in specific retirement plans, like a plan offered by a particular state, union, or other group. Yes they wil...
by 123
Tue Jun 08, 2021 4:43 pm
Forum: Personal Investments
Topic: 401k Roth or not? 25 years old
Replies: 3
Views: 336

Re: 401k Roth or not? 25 years old

At your age I would do the Roth, regardless of tax cost. Since you are under age 50 the maximum you can contribute to all 401(k) plans for 2021 is $19,500 and the maximum you can contribute to all IRAs for 2021 is $6,000. Typically employers often match a percentage of your 401(k) contribution so th...
by 123
Tue Jun 08, 2021 2:27 pm
Forum: Personal Investments
Topic: Can I open a Roth? Should I?
Replies: 9
Views: 826

Re: Can I open a Roth? Should I?

I'd say open the Roth. Money goes into it without any further taxation on income/growth. Seems like a pretty good deal to me. Only complication is 5 year rule. That might be a good excuse to tell your wife you have to leave it alone.
by 123
Tue Jun 08, 2021 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Renting an apartment in my name but for DD’s use
Replies: 37
Views: 2980

Re: Renting an apartment in my name but for DD’s use

When I was a student in California and moved to an off-campus apartment my parent was a second-signer on the lease. It seemed to be standard practice at the time (over 10 years ago).
by 123
Tue Jun 08, 2021 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: What to do? Thinking about a career change..
Replies: 27
Views: 3298

Re: What to do? Thinking about a career change..

mrmass wrote: Tue Jun 08, 2021 9:54 am How clean does your air need to be?...
Regardless of how clean the air is your supervisor, management team, and/or the company may still stink.
by 123
Tue Jun 08, 2021 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: 10 Pay, 250K Insurance policy - 9 years in
Replies: 40
Views: 1809

Re: 10 Pay, 250K Insurance policy - 9 years in

Shares in a Vanguard Total Stock Market fund (VTSAX) or ETF (VTI) could be very good options for a legacy gift due to the step-up in value at death. You could place them in segregated accounts identifying the beneficiaries at your passing. There would be a mild on-going tax burden for you due to per...
by 123
Tue Jun 08, 2021 10:45 am
Forum: Personal Investments
Topic: Understanding whether Roth conversion is worthwhile and phasing
Replies: 11
Views: 1015

Re: Understanding whether Roth conversion is worthwhile and phasing

Roth conversions can be useful ways to reduce future RMDs. Any money you take out of a Traditional IRA prior to RMD time should remain in a Roth account for continued tax-free growth. It makes no sense to actually spend-down money from a Traditional IRA if it could continue to live in a Roth account...
by 123
Tue Jun 08, 2021 10:22 am
Forum: Personal Investments
Topic: Portfolio Reset with $1M
Replies: 34
Views: 5586

Re: Portfolio Reset with $1M

socialforums2019 wrote: Tue Jun 08, 2021 9:45 am The $1M in cash is coming from savings + remaining proceeds after sale of current house
Set aside any amount needed for capital gains taxes on the house after considering any applicable capital gains exclusions. Some states, like California, tax remaining capital gains the same as ordinary income.
by 123
Tue Jun 08, 2021 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Donating money to various non-profit charity organizations - Interviewing them
Replies: 17
Views: 1187

Re: Donating money to various non-profit charity organizations - Interviewing them

Big Dog wrote: Tue Jun 08, 2021 12:06 am ...Ask for a copy of a current 990.
Before contacting the organization she should search for a copy of a recent 990 online: https://candid.org/research-and-verify- ... 990-finder The 990 will give her a lot of information about what the organization does and how it does it.
by 123
Mon Jun 07, 2021 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: What to do? Thinking about a career change..
Replies: 27
Views: 3298

Re: What to do? Thinking about a career change..

You have not said a work about any personal history or interest in software development, you are just using it as a tool to get into another career.

What is your existing skill set? Wouldn't it just be easier to seek a new job with another employer?
by 123
Mon Jun 07, 2021 8:16 pm
Forum: Personal Consumer Issues
Topic: Did you make any lifestyle changes after hitting 500k NW?
Replies: 61
Views: 4976

Re: Did you make any lifestyle changes after hitting 500k NW?

Grt2bOutdoors wrote: Mon Jun 07, 2021 2:36 pm ...You can upgrade the type of toilet paper too. :)
Practice moderation - When you join the two comma club you can move up to 2 ply.
by 123
Mon Jun 07, 2021 5:23 pm
Forum: Personal Investments
Topic: seeking advice on TSP interfund transfer
Replies: 7
Views: 561

Re: seeking advice on TSP interfund transfer

I would just reallocate L2050 now and not look back. With low interest rates and no solid indication of interest rate improvement on the horizon the bond market may be at a peak as well.