Search found 3473 matches

by 123
Wed Aug 15, 2018 3:35 pm
Forum: Personal Consumer Issues
Topic: Are merchants more (too) careless these days?
Replies: 24
Views: 1941

Re: Are merchants more (too) careless these days?

While I know mistakes can happen anywhere I've noticed that they are very rare with Amazon fullfillment and returns.
by 123
Wed Aug 15, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Selling Dental Practice and Office Question
Replies: 4
Views: 589

Re: Selling Dental Practice and Office Question

You may want to read up on the installment sales method which can spread the recognition of capital gains over more than one year. A common method of using the installment sales method would be for you to hold the mortgage note on the asset being sold. If you want all your money at once (i.e. buyer ...
by 123
Tue Aug 14, 2018 1:19 am
Forum: Investing - Help with Personal Investments
Topic: Aggressive asset allocation for building a house in 10 years
Replies: 12
Views: 1125

Re: Aggressive asset allocation for building a house in 10 years

One could make an argument for a variety of asset allocations. If this is a segmented portfolio/account for a specific purpose (that is somewhat optional) someone could go 100% equity and keep their fingers crossed. Maybe you make it, maybe you don't. An argument could be made that it should just be...
by 123
Mon Aug 13, 2018 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Can the greedy 'Private Bank' make any money off my index funds?
Replies: 21
Views: 2057

Re: Can the greedy 'Private Bank' make any money off my index funds?

Why in the world would you want to transfer index funds from a good mutual fund company to "private bank"? Seems like a set up for being pestered to death to buy their products... especially an annuity. Is there REALLY any advantage to have done those transfers? Maybe the OP has found a private ban...
by 123
Mon Aug 13, 2018 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance investment
Replies: 8
Views: 948

Re: Inheritance investment

Many retired folks are happy with a 50/50 stocks/fixed income asset allocation. Before she does anything with her funds she should learn how her spouse's fund's are invested. Maybe if she's comfortable with the spouse's investments she should parallel those in her own account. Another option would b...
by 123
Mon Aug 13, 2018 10:48 pm
Forum: Personal Consumer Issues
Topic: What is the best way to determine if one should buy something or save their money?
Replies: 29
Views: 1725

Re: What is the best way to determine if one should buy something or save their money?

A lot of my purchase decision-making is driven by the clutter factor of any new acquisition. I want to eliminate and prevent the formation of new clutter. If the new item totally replaces an old item that WILL be trashed or recycled (old computer) than replacement is usually okay. If there's useful ...
by 123
Mon Aug 13, 2018 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: Aggressive asset allocation for building a house in 10 years
Replies: 12
Views: 1125

Re: Aggressive asset allocation for building a house in 10 years

From what I've heard generally the cost of constructing a single new (somewhat custom) home can be double the cost of buying a similar non-custom existing home (for the building itself). Of course if someone has a unique location/lot or has specific requirements that aren't met by existing homes (i....
by 123
Mon Aug 13, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Can the greedy 'Private Bank' make any money off my index funds?
Replies: 21
Views: 2057

Re: Can the greedy 'Private Bank' make any money off my index funds?

...In other words, are my index funds in their bank just sitting there, oh-so-close, and yet so far away (in terms of them getting their greedy, grubby little fingers on them and making money off them)? The assets of yours that they hold are a heartbeat (yours) away from generating fees and revenue...
by 123
Mon Aug 13, 2018 1:47 pm
Forum: Personal Consumer Issues
Topic: brother laser printer--OEM or 3rd party cartridges
Replies: 13
Views: 690

Re: brother laser printer--OEM or 3rd party cartridges

It depends on how much you use. For your first replacement cartridge get an OEM high capacity. If it lasts you less than 12 months try getting 3rd party cartridges. Otherwise just use OEMhigh capacity if you only replace every year or two. We've had a couple of Brother laser printers and when they'r...
by 123
Mon Aug 13, 2018 11:31 am
Forum: Personal Consumer Issues
Topic: Should I Do This? [borrow from relative to pay off loan]
Replies: 55
Views: 2790

Re: Should I Do This? [borrow from relative to pay off loan]

Have you looked at the real numbers to see if paying off the loan early will really save any interest? Auto loans can be calculated in a couple of different ways. If your loan is a simple interest loan where you pay interest on the unpaid balance you can be money ahead by paying it off early. Some l...
by 123
Sun Aug 12, 2018 9:58 pm
Forum: Personal Consumer Issues
Topic: Refinishing Exterior Stucco
Replies: 8
Views: 712

Re: Refinishing Exterior Stucco

As stated by another poster don't ever, ever, ever use one of those "texture-coat" or "elastic" coatings over stucco. They are often advertised as never cracking since they "stretch with the house" (or some such nonsense). A neighbor next to my childhood home had one done and while it lasted maybe 1...
by 123
Sun Aug 12, 2018 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest ~$4mm for disabled-for-life 36-yo
Replies: 22
Views: 2685

Re: How to invest ~$4mm for disabled-for-life 36-yo

The parents need to face reality that lots of money is not the way to solve the problem. What would the resolution of the care situation be if there were no funds available for their 36 year old child? Having an independent apartment does not sound like the ideal situation is the child does not have...
by 123
Sat Aug 11, 2018 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Contract Renewal Negotiation (email)
Replies: 9
Views: 964

Re: Contract Renewal Negotiation (email)

How does ignoring them and then responding to their follow up differ from responding to their first email? Would it make any difference to go talk to someone in person rather than by email? If you ask for something in the act of asking you are acknowledging the superior position of the other party....
by 123
Sat Aug 11, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: How often do you check your brokerage accounts
Replies: 77
Views: 4579

Re: How often do you check your brokerage accounts

Accounts are reviewed monthly, or quarterly, depending on when the statements are received. Most accounts are 100% in a single investment, like a Vanguard LifeStrategy fund, so there's not much of an issue to rebalence. I've found that going to a fund-of-funds that works for my asset allocation make...
by 123
Sat Aug 11, 2018 1:39 am
Forum: Personal Finance (Not Investing)
Topic: Advice on Joint RE Ownership
Replies: 5
Views: 484

Re: Advice on Joint RE Ownership

If A, B, and C are jointly responsible for the loan it could make a significant impact upon their individual abilities to get other loans that they wish to get on an individual basis. A lender could well decide that the entire $1 million loan should be held against the credit worthiness of each of t...
by 123
Fri Aug 10, 2018 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should I accept a large cash gift from my mother?
Replies: 44
Views: 5324

Re: Should I accept a large cash gift from my mother?

...Her retirement, SS, and income from the few remaining rentals easily cover all of her living expenses, so she's been trying to figure out what to do with the excess. She's stated several times that she wants to just give the money to me, but I'm trying to decide if that's a good idea... Pros and...
by 123
Fri Aug 10, 2018 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Multiple tIRA accounts-- any reason to not consolidate?
Replies: 17
Views: 1217

Re: Multiple tIRA accounts-- any reason to not consolidate?

There isn't much of a substantive reason for having multiple tIRA accounts. The reasons for multiple accounts most frequently given are to not have all your eggs in one basket in the event of computer glitch/hacking and SIPC insurance coverage limits. Some one might rationalize multiple accounts to ...
by 123
Fri Aug 10, 2018 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Pension vs. TIRA paperwork
Replies: 5
Views: 469

Re: Pension vs. TIRA paperwork

Most company pension lump sum calculations use interest rates that are published by the IRS for certain immediate, intermediate, and long term time periods. Those rates are going up with interest rates generally. What that may mean is that the lump sum payout alternative is DECLINING as interest rat...
by 123
Fri Aug 10, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Contract Renewal Negotiation (email)
Replies: 9
Views: 964

Re: Contract Renewal Negotiation (email)

Immediately start looking for alternative employment arrangements, its always wise to have some irons in the fire when it comes up to contract renewal time. Does you existing contract require that you give any kind of notice prior to renewal time if you don't want to renew?. Sometimes a good strateg...
by 123
Fri Aug 10, 2018 8:34 pm
Forum: Personal Consumer Issues
Topic: Should I pay 6000.00 to repair wife's car....
Replies: 77
Views: 4517

Re: Should I pay 6000.00 to repair wife's car....

You need a referral to a good mom and pop body shop who will do this for a fraction of the price. The dealer is not where you want to be. Edit: I see this is a VW. Maybe we should merge this with the, "Should I buy an Audit A4" thread. :twisted: +1 You should get an estimate from an independent loc...
by 123
Fri Aug 10, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage....risk?
Replies: 14
Views: 1064

Re: Paying off mortgage....risk?

Why not just rent? Don't bother with any real estate or mortgage at all. There are lot of rationales if someone wants to maximize their debt. Financial advisers sometimes advise people to refinance and take cash out equity to invest in some offering that they can't lose on. However the "they" usuall...
by 123
Fri Aug 10, 2018 1:03 am
Forum: Investing - Theory, News & General
Topic: Evaluating Munis beyond rating
Replies: 11
Views: 845

Re: Evaluating Munis beyond rating

It's a red flag if you are contacted by a financial adviser that wants to sell you a muni. Generally the best munis will be bought by institutional investors. Issues that are not readily desired by institutional investors (including those that operate muni bond funds) will be offered to retail inves...
by 123
Thu Aug 09, 2018 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 8881

Re: Biggest Threats to Financial Well-Being

Inflation

Inflation causes an erosion of true worth and value because as your "income" goes up the progressive income tax takes more of it. Inflation provides government a means to confiscate your assets, generally slowly over time.
by 123
Thu Aug 09, 2018 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with Whole Life Policy
Replies: 13
Views: 949

Re: What to do with Whole Life Policy

Some people elect to exchange a whole life policy for an annuity (like with Vanguard) to defer taxes on any gain in the value of a policy. The annuity can generally be invested in one of many Vanguard mutual funds such as a fixed income fund, stock fund, or a mix. The advantage of an annuity is that...
by 123
Thu Aug 09, 2018 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Best choice with oppenheimer
Replies: 8
Views: 499

Re: Best choice with oppenheimer

Looking at those funds is like deciding which one of a group of thugs is the one you want to beat you up. I'd have to agree on MSIGX, over the very long term it's return have come close to the S&P500, even though it's been better this year. The Oppenheimer expense rations just make me cringe. I'd tr...
by 123
Thu Aug 09, 2018 4:24 pm
Forum: Personal Consumer Issues
Topic: Your opinion on online courses?
Replies: 26
Views: 2052

Re: Your opinion on online courses?

It largely debends on the subject matter and level of the course. I've taken online technical computer courses and they've usually been fine with subject matter and lab assignments closely tied to an associated textbook. There's often an online blog or forum for interaction with other students. Sinc...
by 123
Thu Aug 09, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: Junk Mail
Replies: 28
Views: 2489

Re: Junk Mail

My favorite suggestion was stuffing those postage-paid return envelopes with junk. I don't know if it accomplishes anything but seems cathartic. Sadly I haven't had the chance do to that since reading about it. It is very cathartic. I have returend such postage-paid return envelopes with tea bags i...
by 123
Wed Aug 08, 2018 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Huge mortgage mistake
Replies: 58
Views: 8330

Re: Huge mortgage mistake

sergio wrote:
Wed Aug 08, 2018 11:08 pm
... Just seems I did everything wrong looking back....
I've felt this way more than once about a number of things (not all financial). Live and learn. We all do it.
by 123
Wed Aug 08, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: "Why are you leaving your current job?"
Replies: 24
Views: 2299

Re: "Why are you leaving your current job?"

If you project any type of negativity about your current employer in a job interview it will tend to result in a lower salary offer because the new employer figures you're anxious to get away from a job situation you don't like. The more you complain about your current employer the lower the prospec...
by 123
Wed Aug 08, 2018 3:25 pm
Forum: Personal Consumer Issues
Topic: Cell phone battery pack, cancer warning?
Replies: 15
Views: 860

Re: Cell phone battery pack, cancer warning?

California Proposiiton 65 warnings are everywhere in the state. They're on gas pumps, enclosed parking facilities, alcoholic beverages, , construction products, designated smoking areas, dental offices, etc. It would be hard to be in California and not run accross many of them just in day-to-day liv...
by 123
Wed Aug 08, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to LA - Tips Wanted
Replies: 26
Views: 2013

Re: Moving to LA - Tips Wanted

Los Angeles has made tremendous strides in the last 25 years in developing rail-based public transit systems. There is heavy rail for long distance to downtown LA and light rail to other areas. If you'll be working right downtown I'd plot out local transit routes and weigh those heavily in where you...
by 123
Wed Aug 08, 2018 1:06 am
Forum: Personal Consumer Issues
Topic: 3 weeks in Australia
Replies: 21
Views: 1149

Re: 3 weeks in Australia

White Australians don't seem to like Uluru, but it is truly a special place. It is easy to fly to, easy to stay at, easy to hike completely around, easy to rent a car there and easy to also see and hike Kata Tjuta.... Travel to Uluru has greatly improved over the last 30 years. On my first trip the...
by 123
Wed Aug 08, 2018 12:54 am
Forum: Personal Consumer Issues
Topic: 3 weeks in Australia
Replies: 21
Views: 1149

Re: 3 weeks in Australia

...No American ever has run into 4 deer on a roadtrip without pretty significant consequences to their vehicle! But outside the cities in Australia it's not uncommon to see those "roo bars" on the front of many cars and trucks if they do a significant amount of traveling through areas with wild kan...
by 123
Tue Aug 07, 2018 11:59 pm
Forum: Personal Consumer Issues
Topic: 3 weeks in Australia
Replies: 21
Views: 1149

Re: 3 weeks in Australia

When we went to Australia we used overnight trains when schedules allowed. Three that might fit in your itinerary include between Sydney and Melbourne, Melbourne and Adelaide, and Brisband/Surfer's Paradise and Sydney. Evening departures from city centers and morning arrivals at city centers save on...
by 123
Tue Aug 07, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Cash Gift to Sibling - Trust or...?
Replies: 7
Views: 901

Re: Cash Gift to Sibling - Trust or...?

Would an option be to give your sister a no-interest Second Mortgage on the property for $400,000 with a balloon payment provision? That would preclude the property being sold (by you or your descendent) without the sister getting her money. Sometimes Second Mortgages of this sort of thing are used ...
by 123
Tue Aug 07, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5293

Re: Employer will not indemnify me cause I am retired

As a non-lawyer I would say you have no risk as a member of the committee because you don't decide anything. Your committee makes recommendations and your CFO makes a decision related to those recommendations. The CFO bears the risk of decision making.
by 123
Tue Aug 07, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Company Transition to ESOP?
Replies: 24
Views: 1417

Re: Company Transition to ESOP?

My impression is that the CEO wants to get his cash out of the company to diversify his own holdings. He likely can get a better price by going the ESOP route becausse there is not the same degree of evaluation/criticism of company management that occurs with a public IPO. I wouldn't tie my investme...
by 123
Tue Aug 07, 2018 3:51 pm
Forum: Personal Consumer Issues
Topic: Best Counter Depth Side by Side refrigerator
Replies: 24
Views: 2095

Re: Best Counter Depth Side by Side refrigerator

We have a Whirlpool (sold as a Kenmore Elite) side by side counter depth that we've had for 8 years without any issues or problems. Ice maker and water dispenser operation have been flawless. If I were looking to replace it today I would absolutely go with the same manufacturer. Whirlpool is not ver...
by 123
Sun Aug 05, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth getting BA after 16 years? Or should I go for certificate programs?
Replies: 5
Views: 752

Re: Is it worth getting BA after 16 years? Or should I go for certificate programs?

It largely depends on what occupation(s) you interested in. Certificate programs can be very helpful in getting an entry-level position in some fields. If you're interested in positions that are more advanced then more formal education credentials, like a BA, BS, MBA, etc have more value.
by 123
Sun Aug 05, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Local Bank IRA
Replies: 10
Views: 518

Re: Local Bank IRA

Why a bank? Why not use Vanguard or Fidelity or Schwab? This is not my opinion, but from their standpoint it probably has to do with having someone local to speak with, handle the transactions ect.... ... While I'm sure it varies by bank and by community but there can be an awful lot of turnover am...
by 123
Sun Aug 05, 2018 5:16 pm
Forum: Personal Consumer Issues
Topic: Maui Hawaii Trip - How to save money?
Replies: 52
Views: 4672

Re: Maui Hawaii Trip - How to save money?

If they were staying at a furnished condo with a equipped kitchen they could stop at the Costco next to the Maui airport and get enough groceries to dramatically reduce the need to go to restaurants. Might work, if they have a Costco membership and someone wants to cook.
by 123
Sun Aug 05, 2018 4:57 pm
Forum: Investing - Theory, News & General
Topic: Renting Out Home
Replies: 6
Views: 1005

Re: Renting Out Home

If you're in a VHCOL area and you end up with 2 properties, a rental unit and a residence, you may be overweighted in the real estate area and, when the real estate prices decline (they inevitably do now and then), you could be in a bad way. Oftentimes local real estate prices tank when local employ...
by 123
Sun Aug 05, 2018 12:25 am
Forum: Investing - Help with Personal Investments
Topic: What to do with a five figure "inherited" cash sum?
Replies: 32
Views: 3249

Re: What to do with a five figure "inherited" cash sum?

Depositing the funds into your bank account all at once should not be a problem. You might want to try an ATM but it's possible the deposit amout might be over the limit for a deposit via some ATMs. The main problem with making a large deposit at a bank branch is that you may be asked if you have "p...
by 123
Fri Aug 03, 2018 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Trade 3.5% guaranteed for something else?
Replies: 14
Views: 1738

Re: Trade 3.5% guaranteed for something else?

I think there is some general curiosity about accounts that pay rates that have been/are higher than are generally available. Often there are special conditions connected with such accounts, such as your indication that you can't add to the account though you can withdraw from it. If I was speculati...
by 123
Fri Aug 03, 2018 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for adult son with no medical insurance - emergency room visit...
Replies: 15
Views: 1611

Re: Advice for adult son with no medical insurance - emergency room visit...

The son should check when his coverage on the parent's plan ends. Some web pages indicate there can be some variation by insurance company and policy so the ending date could be the day the child turns 26, the last day of the month the child turns 26, or even the last day of the year that the child ...
by 123
Fri Aug 03, 2018 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for adult son with no medical insurance - emergency room visit...
Replies: 15
Views: 1611

Re: Advice for adult son with no medical insurance - emergency room visit...

You may want to take a look at the terms of the health insurance he had with his university. At some schools the coverage may continue through the summer period since there may be an reasonable expectation that not all students will enroll for summer classes and to expect the students to acquire oth...
by 123
Fri Aug 03, 2018 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Grandchildrens Education Expense
Replies: 7
Views: 781

Re: Grandchildrens Education Expense

The portfolio needs to become more diversified. Maybe you need to hold onto 1 share, 10 shares, or maybe $10,000 worth of shares for sentimental reasons and diversify the rest. If the share price is $1,850 and it's a bank I'm guessing that it is thinly traded and largely held by people associated wi...
by 123
Fri Aug 03, 2018 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Whole Life Policy
Replies: 6
Views: 492

Re: Inherited Whole Life Policy

You should look at alternative term insurance to possibly replace what you have at work (at least the part that you pay out-of-pocket for). In many cases you can get term insurance for less than the employer plan charges, and you may be able to get "level" term for some period of time (20 or 30 year...
by 123
Fri Aug 03, 2018 6:31 pm
Forum: Personal Consumer Issues
Topic: $400 for a KitchenAid microwave door latch repair?!
Replies: 11
Views: 1079

Re: $400 for a KitchenAid microwave door latch repair?!

We have friends that complained about a similar situation with their microwave. I don't recall the make of microwave but on theirs the handle on the door broke off. Same issue, had to buy a much larger component for big $$$ because the itty bitty part was no longer in the parts catalog. They ended u...