Search found 1468 matches

by miamivice
Fri Apr 19, 2019 4:21 pm
Forum: Personal Consumer Issues
Topic: At what point would you hire someone vs. cut down a tree yourself?
Replies: 62
Views: 1884

Re: At what point would you hire someone vs. cut down a tree yourself?

pdavi21 wrote:
Fri Apr 19, 2019 3:11 pm
Buy a cheap chainsaw and a polesaw. Tie it off with rope so it falls the way you want it to.
I am curious how many 15" diameter trees you successfully made fall the direction you wanted by tying a rope to it?
by miamivice
Fri Apr 19, 2019 1:08 pm
Forum: Personal Consumer Issues
Topic: At what point would you hire someone vs. cut down a tree yourself?
Replies: 62
Views: 1884

Re: At what point would you hire someone vs. cut down a tree yourself?

Watty wrote:
Fri Apr 19, 2019 1:03 pm
If it damages something or hurts someone when it falls your insuance company will not pay the damages.
I don't believe this is a correct statement. If indeed they deny coverage for trees that are dead, please provide a link or citation.
by miamivice
Fri Apr 19, 2019 12:56 pm
Forum: Personal Consumer Issues
Topic: At what point would you hire someone vs. cut down a tree yourself?
Replies: 62
Views: 1884

Re: At what point would you hire someone vs. cut down a tree yourself?

The average chainsaw injury results in approximately 110 stitches. Being a financial forum, the best suggestion is to call a doctor's office and get a price quote on the cost to apply 110 stitches on a chainsaw wound. Then compare to a tree company and get a price quote from them. (While what is wri...
by miamivice
Fri Apr 19, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage will I keep when I sell my home?
Replies: 20
Views: 1299

Re: What percentage will I keep when I sell my home?

For estimation purposes, I usually figure 10% goes into selling cost. Subtract your outstanding mortgage (if any) from that.

The 10% estimate is as follows:

- Excise tax
- Real estate fees
- Cost for seller required repairs & rebates
- Cost of getting the house ready to sell
by miamivice
Fri Apr 19, 2019 12:14 am
Forum: Personal Investments
Topic: Vanguard wire transfers without 'medallion signature guarantee'
Replies: 8
Views: 1080

Re: Vanguard wire transfers without 'medallion signature guarantee'

I have read if you setup voice verification, you do not need medallion guarantee. Ymmv
by miamivice
Thu Apr 18, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Advice after bicycle accident
Replies: 48
Views: 2657

Re: Insurance Advice after bicycle accident

My wife was with a cycling group this past Sunday and collided with a car. This accident involved another cyclist who arguably caused the whole accident The investigating officer said he did not ticket the driver because it didn't appear he broke any laws. Based on what I saw and what other witness...
by miamivice
Thu Apr 18, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Dealership vs independent mechanics
Replies: 23
Views: 1478

Re: Dealership vs independent mechanics

I was the OP for the previous thread. Taking my car back to the dealer, because they crossthreaded a lug nut during the last visit (as part of their safety inspection) and it sheared off when I took the wheel off to change the brakes. Prior to that, I have had my vehicle in for 2 or 3 other damage t...
by miamivice
Thu Apr 18, 2019 2:57 pm
Forum: Personal Investments
Topic: Passing $$$ to your kids - Options?
Replies: 4
Views: 977

Re: Passing $$$ to your kids - Options?

For what?: - They can draw a small part of it for expenses if there is a catastrophic event in the family and the kid needs a few thousand dollars for tuition and living expenses until the parents' life insurance payments are made. An alternative would be to have a 15K emergency fund set aside in a...
by miamivice
Thu Apr 18, 2019 2:50 pm
Forum: Personal Consumer Issues
Topic: Smoke detectors
Replies: 36
Views: 1638

Re: Smoke detectors

As someone previously indicated, smoke detectors should be replaced every 10 years. When I last changed mine, I put in lithium batteries designed to last 10 years as well. The problem was that I had to replace the wiring harnesses as well as the detectors. It is unfortunate that the harness and fra...
by miamivice
Thu Apr 18, 2019 2:47 pm
Forum: Personal Consumer Issues
Topic: Smoke detectors
Replies: 36
Views: 1638

Re: Smoke detectors

I have a couple of questions about maintenance of smoke detectors and would appreciate some help. This is for hardwired smoke detectors (powered by electricity). 1. How do you go about changing the backup batteries for a smoke detector in a room when it is located 12 feet high? Is there any gadget/...
by miamivice
Thu Apr 18, 2019 2:35 pm
Forum: Personal Consumer Issues
Topic: Bogleheads privacy warning
Replies: 61
Views: 5168

Re: Bogleheads privacy warning

I understand wealth is highly spatially correlated. You can (within reason) guess your neighbors' net worth as being somewhat close to your own. I don't know why you say this. While I don't know my neighbor's net worth, I'm quite sure it is much different than my own. Why? Well, it might be a lot h...
by miamivice
Thu Apr 18, 2019 12:13 pm
Forum: Investing - Theory, News & General
Topic: In which companies do you own a single share, or token amount, of stock?
Replies: 65
Views: 3123

Re: In which companies do you own a single share, or token amount, of stock?

I know it's not exactly the Boglehead way, but I'm sure most of us here own a few individual company stocks outside of our index funds. I'm interested in hearing about the ones you own for not-just-financial reasons: your beliefs, your interests, sentimentality (!) or the freebies, such as: I'm a f...
by miamivice
Thu Apr 18, 2019 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Advice after bicycle accident
Replies: 48
Views: 2657

Re: Insurance Advice after bicycle accident

With that information contact the car driver's insurance immediately and file a claim. Chain reaction accidents happen all the time. It's not your role to sort out who caused the accident. Lawyers will do that. I'd also contact an attorney who specializes in bicycle liability cases just in case her...
by miamivice
Wed Apr 17, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Advice after bicycle accident
Replies: 48
Views: 2657

Re: Insurance Advice after bicycle accident

Yes. The other cyclist, who is presumably a driver, should be covered under her automobile policy for liability. No, the other cyclist's car insurance will not cover an accident they were involved in while operating a bike. :oops: In certain situations, auto insurance will cover a cyclist who is in...
by miamivice
Wed Apr 17, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Advice after bicycle accident
Replies: 48
Views: 2657

Re: Insurance Advice after bicycle accident

I'm going to revise my earlier posts based on the additional information on how the accident occurred. Your wife was at fault for rear ending the car in front of her. She should not file a claim against the driver of the vehicle. In the future, she should ride her bike with enough stopping distance ...
by miamivice
Wed Apr 17, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Advice after bicycle accident
Replies: 48
Views: 2657

Re: Insurance Advice after bicycle accident

Have you or your wife contacted your insurance agency? They should be able to answer your questions and we could then know better where you stand and offer our comments. What type of insurance? Medical? Our medical insurance is aware of the accident now that we've been to the hospital. Our driver's...
by miamivice
Wed Apr 17, 2019 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Savings account for child?
Replies: 35
Views: 1420

Re: Savings account for child?

Having a bank account for a child teaches them that it's ok to set aside money for the future. It is a place for them to put money that they have earned or given and keep it safe for some point in the future when they want it rather than spend it right away. Would not a simple wallet or piggy bank ...
by miamivice
Wed Apr 17, 2019 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Advice after bicycle accident
Replies: 48
Views: 2657

Re: Insurance Advice after bicycle accident

If the other cyclist was at fault and broke a law or standard in riding, then the liability for the accident will fall upon that cyclist.

The OP stated that the driver broke no laws. It would not make sense that the driver would be responsible for this accident.
by miamivice
Wed Apr 17, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Advice after bicycle accident
Replies: 48
Views: 2657

Re: Insurance Advice after bicycle accident

Have you or your wife contacted your insurance agency? They should be able to answer your questions and we could then know better where you stand and offer our comments. I would not call my insurance company if I was involved in an accident. My collision insurance doesn't cover my bike, and my gene...
by miamivice
Wed Apr 17, 2019 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Advice after bicycle accident
Replies: 48
Views: 2657

Re: Insurance Advice after bicycle accident

I'd like some advice about what the best next steps are in my situation. I'm confused about the claim process or if I even have grounds to make one. My wife was with a cycling group this past Sunday and collided with a car. Wife is ok, but hurt her hand, mild concussion, and smashed her knee pretty...
by miamivice
Wed Apr 17, 2019 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Savings account for child?
Replies: 35
Views: 1420

Re: Savings account for child?

Probably a dumb question but ... is it really important for kids to have a bank account? Curious what it teaches that can't be taught more efficiently to a young adult. I did not have one until I was 19 as I recall and I can't think of what I might have missed. If the point is to teach "saving" dis...
by miamivice
Wed Apr 17, 2019 8:03 am
Forum: Personal Consumer Issues
Topic: Do you pick up after renting a vacation rental?
Replies: 51
Views: 3372

Re: Do you pick up after renting a vacation rental?

I have never rented an Airbnb but have stayed in my fair share of hotel rooms. I definitely do not pickup after myself or restore the room.

One exception was when I stayed in a hotel for a month. I redecorated the room during my stay, and undecorated before I left.
by miamivice
Mon Apr 15, 2019 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: $29 collections notice
Replies: 31
Views: 2745

Re: $29 collections notice

this is why Clark Howard says never put your SSN on any doctor's paperwork. Not only is there a security risk which happens via medical offices more often than you'd think, there's the possibility of reporting the charge and harming your credit. just a PSA. They don't need your SSN to get it on you...
by miamivice
Mon Apr 15, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: $29 collections notice
Replies: 31
Views: 2745

Re: $29 collections notice

this is why Clark Howard says never put your SSN on any doctor's paperwork. Not only is there a security risk which happens via medical offices more often than you'd think, there's the possibility of reporting the charge and harming your credit. just a PSA. They don't need your SSN to get it on you...
by miamivice
Mon Apr 15, 2019 11:35 am
Forum: Personal Consumer Issues
Topic: Where To Get New Bikes
Replies: 64
Views: 3780

Re: Where To Get New Bikes

This is a little off topic, but often have dreamed about buying a local bike shop for the primary purpose of being able to get to buy new bikes at cost...

I don't think it would be a good overall investment but I have often been tempted!
by miamivice
Mon Apr 15, 2019 9:47 am
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 6933

Re: If you have plenty of money, why not 100% stocks in retirement?

Repeat the above discussion about factoring in the cut in SS benefits and the possibility of collecting less than promised be efits from pensions. No, I am not factoring in a rumored cut to social security. To my understanding, there are no cuts to social security codified in the law and any decisi...
by miamivice
Sun Apr 14, 2019 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Minor received 1099-MISC for Internship
Replies: 27
Views: 1529

Re: Minor received 1099-MISC for Internship

And this: https://www.quicken.com/what-stipend To receive a stipend, the job must focus on training rather than employment, says the University of Washington. The training must be predominantly for the benefit of the student, not the employer, and the student can't be entitled to a job at the end o...
by miamivice
Sun Apr 14, 2019 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Minor received 1099-MISC for Internship
Replies: 27
Views: 1529

Re: Minor received 1099-MISC for Internship

And this: https://www.quicken.com/what-stipend To receive a stipend, the job must focus on training rather than employment, says the University of Washington. The training must be predominantly for the benefit of the student, not the employer, and the student can't be entitled to a job at the end o...
by miamivice
Sun Apr 14, 2019 7:24 pm
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 6933

Re: If you have plenty of money, why not 100% stocks in retirement?

Yes, and people break the rule regarding social security all the time and get away with it. The current law is the benefit cut, not current benefits. So all the discussions need to be predicated on the benefit cut, not on benefits as they are now. Where does the current law cuts benefits ? Other th...
by miamivice
Sun Apr 14, 2019 7:21 pm
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 6933

Re: If you have plenty of money, why not 100% stocks in retirement?

Every year the Social Security trustees issue a report on the status of the system, including when and by how much the cuts are anticipated. Most recent was 21% in 2034. Current law. No, current law specifies the formula on how much social security recipients are paid, and that formula doesn't take...
by miamivice
Sun Apr 14, 2019 2:24 pm
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 6933

Re: If you have plenty of money, why not 100% stocks in retirement?

With regards to social security, forum rules specifically prohibit discussion on what might happen in the future. For my own purposes as well, I also make decisions based on current law. At the moment, I don't believe Congress has changed social security benefits in the future. If and when they do,...
by miamivice
Sun Apr 14, 2019 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Minor received 1099-MISC for Internship
Replies: 27
Views: 1529

Re: Minor received 1099-MISC for Internship

Perhaps this note on the turbotax website will help: 1099-MISC for a stipend payment - where do I put it? Yes, this is what I'm thinking about following. I'm going to work through it TurboTax and see what happens. At least this will prevent any mismatches. That might work is the stipend she receive...
by miamivice
Sun Apr 14, 2019 1:53 pm
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 6933

Re: If you have plenty of money, why not 100% stocks in retirement?

With regards to social security, forum rules specifically prohibit discussion on what might happen in the future. For my own purposes as well, I also make decisions based on current law. At the moment, I don't believe Congress has changed social security benefits in the future. If and when they do, ...
by miamivice
Sun Apr 14, 2019 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Minor received 1099-MISC for Internship
Replies: 27
Views: 1529

Re: Minor received 1099-MISC for Internship

Perhaps this note on the turbotax website will help: 1099-MISC for a stipend payment - where do I put it? Yes, this is what I'm thinking about following. I'm going to work through it TurboTax and see what happens. At least this will prevent any mismatches. That might work is the stipend she receive...
by miamivice
Sun Apr 14, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Minor received 1099-MISC for Internship
Replies: 27
Views: 1529

Re: Minor received 1099-MISC for Internship

We might have to agree to disagree. I see on the original "internship contract", it was termed a stipend which is probably a more accurate representation of it. I found some Turbo Tax guidance on how to handle this situation with a stipend. I'll have to review it. A stipend is a form of earned inco...
by miamivice
Sun Apr 14, 2019 1:24 pm
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 6933

Re: If you have plenty of money, why not 100% stocks in retirement?

To revise my original question, I probably would do 100% stock. I think it'd be wise to have 5 years living expenses in stable value money, and then 100% stocks for all remainder. That way, I have enough living expenses to weather almost all of the possible downturns and stay the course until the u...
by miamivice
Sun Apr 14, 2019 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Minor received 1099-MISC for Internship
Replies: 27
Views: 1529

Re: Minor received 1099-MISC for Internship

This was not earned income as she did not "intend to earn a profit" and was for primarily education. Once it was classified as this, Turbo Tax included it as Other Income on the 1040. I do not intend to report it as Schedule C. If the IRS wishes to audit, we would definitely entertain that and they...
by miamivice
Sun Apr 14, 2019 12:42 pm
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 6933

Re: If you have plenty of money, why not 100% stocks in retirement?

In retirement you are usually out of human capital rather quickly so earning money to pay for things is not usually an option for long. You usually have to withdraw money to supplement any pension, annuity or Social Security. What is the worst down turn for US equities? 90% in the great depression?...
by miamivice
Sun Apr 14, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Minor received 1099-MISC for Internship
Replies: 27
Views: 1529

Re: Minor received 1099-MISC for Internship

There are several posts around this topic but I'm not sure the best route with the 2018 tax law changes. I am helping my 17 yr old niece prepare her tax return. In 2018, she received approximately $1,300 in W-2 income with $20 withheld and a 1099-MISC for $1,250 in Box 7. The 1099-MISC was for an i...
by miamivice
Sun Apr 14, 2019 12:00 pm
Forum: Personal Investments
Topic: Roth IRA for child
Replies: 48
Views: 4503

Re: Roth IRA for child

I know this is an older thread, but I am confused to how a 8 year old can make $200 by selling mistletoe. I mean - I have an 8 year old. She can't go anywhere by herself. She can't purchase mistoletoe in bulk by herself. I don't think she has the skills to create a creation from the mistletoe. And I...
by miamivice
Sun Apr 14, 2019 11:40 am
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 6933

Re: If you have plenty of money, why not 100% stocks in retirement?

1. Doesn't matter whether you are retired or have more than you need -- those factors are not part of this equation. What's wrong is "100%" of anything, be it stocks, bonds, cash, RE. No one asset class works in all economies. Over a long period of time, stocks outperform cash, bonds, and real esta...
by miamivice
Sun Apr 14, 2019 10:42 am
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 6933

Re: If you have plenty of money, why not 100% stocks in retirement?

If I had plenty, or too much, money. I'd probably buy an SPIA that would more than cover my expected expenses. Then leave the rest in an 80/20 portfolio. Sounds like you can do whatever makes you happy. So, be happy! I'm 15-25 years from retirement. This isn't a question about what I do today, but ...
by miamivice
Sun Apr 14, 2019 10:41 am
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 6933

Re: If you have plenty of money, why not 100% stocks in retirement?

Is your actual question that you think you have plenty of money and want to know if you could somehow be screwing up to put your assets at 100% stocks? Pending more information the answer to that is actually backwards around, which is to say that if being 100% stocks is screwing up then you don't h...
by miamivice
Sun Apr 14, 2019 10:35 am
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 6933

Re: If you have plenty of money, why not 100% stocks in retirement?

KlangFool wrote:
Sun Apr 14, 2019 10:30 am
It is very simple. I think we are talking about 5 to 10 million.

KlangFool
I expect to be in that range when I retire. That's future dollars of course. In today's dollars, probably right about 4- 5 million.
by miamivice
Sun Apr 14, 2019 10:34 am
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 6933

Re: If you have plenty of money, why not 100% stocks in retirement?

Define plenty of money? 40x expenses? 50x expenses? 100x expenses? 400x expenses? Stock market dropped 90% in the depression. If you had 100x expenses all of a sudden you’d only have 10x expenses. Would you feel secure then? I haven't really thought too much about it, but I am thinking that if my r...
by miamivice
Sun Apr 14, 2019 10:20 am
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 6933

Re: If you have plenty of money, why not 100% stocks in retirement?

If you have ample resources that you can afford to weather downturns, why not keep your money 100% stocks in retirement? Stocks return better than bonds, so you would have better overall portfolio returns. You would have to be willing to sell stocks/funds during downturns to pay for your expenses. ...
by miamivice
Sun Apr 14, 2019 10:18 am
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 6933

Re: If you have plenty of money, why not 100% stocks in retirement?

Define plenty of money? 40x expenses? 50x expenses? 100x expenses? 400x expenses? Stock market dropped 90% in the depression. If you had 100x expenses all of a sudden you’d only have 10x expenses. Would you feel secure then? I haven't really thought too much about it, but I am thinking that if my r...
by miamivice
Sun Apr 14, 2019 9:21 am
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 6933

If you have plenty of money, why not 100% stocks in retirement?

If you have ample resources that you can afford to weather downturns, why not keep your money 100% stocks in retirement?

Stocks return better than bonds, so you would have better overall portfolio returns. You would have to be willing to sell stocks/funds during downturns to pay for your expenses.
by miamivice
Sun Apr 14, 2019 9:03 am
Forum: Personal Consumer Issues
Topic: Anyone have a child model?
Replies: 42
Views: 4478

Re: Anyone have a child model?

I was recently contacted by a friend of the family whose child used to be a child model. He suggested that we consider having our 7 month old baby model and is going to give us some contacts. Although flattering, I really wonder how practical this could be? We both work full time and make plenty en...
by miamivice
Sun Apr 14, 2019 9:00 am
Forum: Personal Consumer Issues
Topic: Anyone have a child model?
Replies: 42
Views: 4478

Re: Anyone have a child model?

Do you mean modeling for catalogs, etc? Assuming you do the appropriate due dilligence and make sure it isn't a scam, then I think this could a good opportunity. If your child can earn a few $K at a very young age and invest in a Roth IRA, it would be a lot of money down the road. $3K compounded at...