Search found 1009 matches

by Mike Scott
Tue Nov 13, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone use a Wealth Manager?
Replies: 26
Views: 3083

Re: Anyone use a Wealth Manager?

If I had enough money to interest a wealth manager, I would "retire" and pay myself to do it.
by Mike Scott
Tue Nov 13, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: How to deposit cash in online account with no local branch
Replies: 45
Views: 4582

Re: How to deposit cash in online account with no local branch

What is the barrier to walking into a local bank or credit union and opening a free account?
by Mike Scott
Tue Nov 13, 2018 10:03 am
Forum: Personal Consumer Issues
Topic: Too many choices for my next TRUCK
Replies: 83
Views: 5937

Re: Too many choices for my next TRUCK

I have started casually looking at trucks for an anticipated replacement in two or three years. It looks like the answer for general and light duty use is still about the same as 15 years ago; an entry level model of which ever brand full size truck suits your fancy and that you can get the best pri...
by Mike Scott
Tue Nov 13, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: Best Gutter Guard?
Replies: 15
Views: 1136

Re: Best Gutter Guard?

In my experience none of the gutter guards work as well as advertised with heavy leaf fall. I still have to dig handfuls of leaves out of the gutter drains a couple of times a year.
by Mike Scott
Tue Nov 13, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Flood Insurance- When is it necessary?
Replies: 15
Views: 1110

Re: Flood Insurance- When is it necessary?

Our nearby "big river" has had two or three 500 year floods in the last 30 years but our house is several hundred feet above river level. The roads and bidges however...
by Mike Scott
Tue Nov 13, 2018 9:40 am
Forum: Personal Consumer Issues
Topic: Return on CC that I actually did not return??
Replies: 6
Views: 614

Re: Return on CC that I actually did not return??

What did they say when you called them?
by Mike Scott
Tue Nov 13, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Applied for biz credit card -- but fine print says only biz transactions allowed?
Replies: 3
Views: 342

Re: Applied for biz credit card -- but fine print says only biz transactions allowed?

Sometimes you do give up some consumer protections on product purchases with some business cards. But there is nothing illegal about using it for whatever.
by Mike Scott
Tue Nov 13, 2018 8:09 am
Forum: Personal Consumer Issues
Topic: Upstairs Floor is No Longer Used....
Replies: 22
Views: 2696

Re: Upstairs Floor is No Longer Used....

Moving the thermostat is probably the easiest especialy if it is from one side of a wall to the other side of the same wall. You might also be able to install a door to separate the two levels. Controlling humidty is probably more important than controlling temperature. Is it becoming a "too much ho...
by Mike Scott
Tue Nov 13, 2018 8:02 am
Forum: Personal Consumer Issues
Topic: Any space heaters that automatically maintain a temperature in a room!
Replies: 32
Views: 2610

Re: Any space heaters that automatically maintain a temperature in a room!

Almost all of them have thermostats but electric space heaters make pretty expensive heat.
by Mike Scott
Sun Nov 11, 2018 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Cash Drag: Count Toward Bond Allocation?
Replies: 7
Views: 510

Re: Cash Drag: Count Toward Bond Allocation?

What would you do differently or change if you did this?
by Mike Scott
Sun Nov 11, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Do I Need A Credit Score?
Replies: 24
Views: 1051

Re: Do I Need A Credit Score?

You don't seem like the type to want to juggle credit card bonuses etc so don't worry about it. It's just money. :) You can start as an authorized user on spouses card. Then after a year or so apply for your own no fee 2% cash back card and run everything possible through it. Build your credit score...
by Mike Scott
Sun Nov 11, 2018 12:07 pm
Forum: Personal Consumer Issues
Topic: Help Me Buy A New Front Door
Replies: 16
Views: 1189

Re: Help Me Buy A New Front Door

A direct door replacemnt is a very easy DIY job.
by Mike Scott
Sun Nov 11, 2018 11:29 am
Forum: Personal Consumer Issues
Topic: retirement travel: RVs vs fly/drive/hotel
Replies: 98
Views: 9194

Re: retirement travel: RVs vs fly/drive/hotel

RVing is not for everyone. I have friends and family who have very happily lived and traveled in RVs for years at a time with occaisonal stops at home when they are passing through. Others buy RVs which get parked in the driveway until they rot away. They are a lot like expensive boats where some ge...
by Mike Scott
Wed Nov 07, 2018 10:05 pm
Forum: Personal Consumer Issues
Topic: College graduation gift amount
Replies: 25
Views: 1777

Re: College graduation gift amount

Our kids have paid/worked/scholarshiped their own way through college. For graduation we have offered to pay for a fairly significant for us graduation party or similar priced trip of their choice. One chose the trip, two chose the party and we will find out what three wants next spring. We have als...
by Mike Scott
Wed Nov 07, 2018 9:48 pm
Forum: Personal Consumer Issues
Topic: Filing cabinet recommendations
Replies: 10
Views: 748

Re: Filing cabinet recommendations

Hit up any office supply store. If you want one that cannot be pried open with a screwdriver, you need to look at the more expensive ones. Try used office equipment surplus stores but make sure they have a key. The government surplus cabinets from 50+ years ago are pretty indestructible compared to ...
by Mike Scott
Wed Nov 07, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 11678

Re: If expenses are low, are some of us over saving?

If you are content to live at a low level of spending, then you don't need to save as much. Sure, the future is unknown but it seems that there is a lot of anxiety about ending up eating cat food under a bridge some day if you don't have $XXX million. If your worst case scenario is being reduced to ...
by Mike Scott
Mon Nov 05, 2018 4:49 pm
Forum: Personal Consumer Issues
Topic: Furnace Duct Cleaning-a high profit game?
Replies: 31
Views: 3352

Re: Furnace Duct Cleaning-a high profit game?

Except for high mold / allergy or other unusual problems, duct cleaning is close to being a scam. If you made it 40 years without cleaning, you can probably go a while longer.
by Mike Scott
Sun Nov 04, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Where can I put savings to live on for 2+ years?
Replies: 11
Views: 1619

Re: Where can I put savings to live on for 2+ years?

You could invest this amount in taxable and convert a similar amount in the 401k to "cash" and withdraw from that plus convert more of the 401k to Roth up to the top of which ever tax bracket you fall into.
by Mike Scott
Sun Nov 04, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Tax software: online vs download versions
Replies: 15
Views: 1776

Re: Tax software: online vs download versions

Do the online versions offer multiple uses? We can do 5X federal for one price with the disk version of Turbotax. We file 4X federal and have the exrta one for a "sandbox". All of them try to upsell services as you use them.
by Mike Scott
Sat Nov 03, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: What FIRE says to me [Financial Independence, Retire Early]
Replies: 10
Views: 1114

Re: What FIRE says to me

The short version.
FIRE has a fluid definition depending on who is talking.
FIRE is not for everyone.
Make your own life choices.
by Mike Scott
Sat Nov 03, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: Post FiRE job...teaching??
Replies: 33
Views: 3914

Re: Post FiRE job...teaching??

Planning your post FI/RE job....? :)
The realities of teaching at the local community college may be very different than you think. Something to look into before you jump.
by Mike Scott
Tue Oct 30, 2018 2:20 pm
Forum: Personal Consumer Issues
Topic: People with older car, share your unusual repairs
Replies: 84
Views: 5211

Re: People with older car, share your unusual repairs

My dad has a 1957 Chevy with a repaired bullet hole. He still won't talk about it.
by Mike Scott
Sat Oct 27, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Sell land at a loss or keep?
Replies: 38
Views: 2908

Re: Sell land at a loss or keep?

It is probably dependent on your local real estate market so who knows. If you are sure of the current value and sure you will never use it, then take your lumps and sell it. An ongoing $1K per year cost to keep a $50K property that you don't want...
by Mike Scott
Sat Oct 27, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Manage Cash Drag in my HSA
Replies: 4
Views: 396

Re: Manage Cash Drag in my HSA

Why not set the sweep at your annual deductible amount or a bit higher and then just let it ride? The "cash drag" is a relatively small amount compared to the risk of lost value in stocks when you may need the money in the near future. I understand the concept of long term investing in an HSA but fo...
by Mike Scott
Sat Oct 27, 2018 11:06 am
Forum: Personal Consumer Issues
Topic: How many of you have cut the cord?
Replies: 244
Views: 27730

Re: How many of you have cut the cord?

If we "cut the cord" we would have no phone or internet service although I've been told that if you stand on the uphill side of the chicken house you can get a bit of cell signal. We could pick up several tv stations on antenna if I were to get around to hooking it up again.
by Mike Scott
Sat Oct 27, 2018 10:55 am
Forum: Personal Consumer Issues
Topic: How many miles (total) on car before buying another car ?
Replies: 114
Views: 7160

Re: How many miles (total) on car before buying another car ?

My target is 10 years and 200K miles as a minimum goal. In real life, it may be more or less than that. My current car is at 8 years and 160K and I'm starting to think it may not make it to 200K but I'm going to try as long as repair costs stay reasonable.
by Mike Scott
Wed Oct 24, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Wellesley alternative for taxable acct?
Replies: 7
Views: 1477

Re: Vanguard Wellesley alternative for taxable acct?

Not in the form of a balanced fund. There is the Vanguard Tax Managed Balanced Fund at 50/50 but it is not really anything like Wellesley. You could probably put together a group of stock and bond funds that are in general something more like the Wellesley "sauce" and more tax efficient.
by Mike Scott
Sun Oct 21, 2018 7:58 pm
Forum: Personal Consumer Issues
Topic: Quitting w/o notice
Replies: 132
Views: 8651

Re: Quitting w/o notice

Call in sick for a few days, see a doctor and then see if this is still what you want.
by Mike Scott
Sun Oct 14, 2018 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: secure land for donation for county park
Replies: 17
Views: 1584

Re: secure land for donation for county park

What's the plan if the county refuses the donation/park idea?
by Mike Scott
Sun Oct 14, 2018 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: When to stop putting money into an older vehicle
Replies: 90
Views: 6420

Re: When to stop putting money into an older vehicle

Drive it until it needs another major repair then let it go. Be thinking about how to replace it. It may be soon or several more years depending on what goes next. The price of new cars can be so close to the price of a lightly used car that it does not always make a lot of sense to buy used. Buy ne...
by Mike Scott
Sat Oct 13, 2018 10:10 pm
Forum: Personal Consumer Issues
Topic: Best business credit card
Replies: 6
Views: 515

Re: Best business credit card

For cash back, I would look for the Capital One Spark with $1000 bonus and 2% cash back if that offer is still available. Chase Ink Preferred or Chase Ink Cash card URs can be turned into cash or used for travel. The American Express Blue Business Plus is a good card but gives back membership reward...
by Mike Scott
Sat Oct 13, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: Making Winter Camping more comfortable
Replies: 39
Views: 2726

Re: Making Winter Camping more comfortable

Back in the old days when we were younger and tougher, we camped winter or summer on a ground cloth with a tarp overhead. A gas lantern for light and gas stove for hot food and drinks. These days I think a hotel is more comfortable than camping. :) It may be overkill, but look at a "wall tent" with ...
by Mike Scott
Sat Oct 13, 2018 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: 1% Balance Transfer - Uber Barclays Visa
Replies: 16
Views: 850

Re: 1% Balance Transfer - Uber Barclays Visa

I think most people think of less risky places to park this kind of money. What's the max payoff if everything works out? Is it worth the bother? What's the max cost if you make a mistake? To me, there seems to be more opportunity in churning credit card sign up bonuses and points.
by Mike Scott
Sat Oct 13, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbor discussing finances with me
Replies: 64
Views: 6078

Re: Neighbor discussing finances with me

If you are really good friends, you might suggest a Vanguard or similar advising consultation and/or the bogleheads book so they can learn more. Then leave it alone.
by Mike Scott
Sat Oct 13, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: Reducing overall medical costs. Do we do anything?
Replies: 67
Views: 3211

Re: Reducing overall medical costs. Do we do anything?

Healthy diet, life style and exercise etc etc and you may still need medical care. Keep up with preventative and ongoing maintenance health care. Go see your doctor/dentist/optometrist when you need them. What is the difference between preventative screening and overtesting? Was that skin biopsy a c...
by Mike Scott
Thu Oct 11, 2018 2:10 pm
Forum: Personal Consumer Issues
Topic: What would you do with some bulk silver?
Replies: 41
Views: 2561

Re: What would you do with some bulk silver?

Then take the lot to a couple of coin dealers to see if any of the coins are interesting and pawnshops for buying quotes and sell to the highest offer.
by Mike Scott
Thu Oct 11, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: What would you do with some bulk silver?
Replies: 41
Views: 2561

Re: What would you do with some bulk silver?

What does "pass it down" mean to dad? It might mean holding the stuff as is to pass on or it might mean cashing it out and passing on the money.
by Mike Scott
Wed Oct 10, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: FAFSA questions
Replies: 29
Views: 2207

Re: FAFSA questions

Our university requires the FAFSA for any form of student aid including employee tuition discounts and merit scholarships etc. I have had to "verify" the FAFSA submissions several times over the past few years by submitting an IRS tax transcript. I don't know what they were looking for other than pe...
by Mike Scott
Tue Oct 09, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: Should I, and how, act on changes in managing diet and health?
Replies: 65
Views: 4627

Re: Should I, and how, act on changes in managing diet and health?

The same companies package and sell you junk food and health food. They will produce whatever food consumers will buy. If I were betting on a narrow stock group for growth potential it would be "vice" funds not "health food" and a Total Stock Market fund should catch most of them and will pick up an...
by Mike Scott
Tue Oct 09, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: Neighbors tree branch growing too close to my house
Replies: 48
Views: 3908

Re: Neighbors tree branch growing too close to my house

I would DIY but I don't do chain saws while on a ladder. Use a pole saw extension or find a solid platform to work from.
by Mike Scott
Tue Oct 09, 2018 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay this car loan off?
Replies: 17
Views: 810

Re: Best way to pay this car loan off?

It does look like the partial payments are being processed towards the next "regular" payment. Then any extra may be going to principle. I doubt the partial payments will reduce the total interest.
by Mike Scott
Tue Oct 09, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay this car loan off?
Replies: 17
Views: 810

Re: Best way to pay this car loan off?

Depending on the relative interest rates, I would be tempted to save up in a high interest account (keeping the liquidity) and then decide whether to pay off early or not when I had enough $$ to do the remainder. What's the total interest? How is your monthly cash flow and budget doing? Would the "e...
by Mike Scott
Mon Oct 08, 2018 7:35 pm
Forum: Personal Consumer Issues
Topic: Outdoor Furniture
Replies: 9
Views: 1149

Re: Outdoor Furniture

I am slowly replacing old rotting outdoor furniture with aluminum. This is a good time of year to find some deals.
by Mike Scott
Mon Oct 08, 2018 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Formula for when to buy in bulk
Replies: 41
Views: 3326

Re: Formula for when to buy in bulk

There are a few things I can only seem to find at Walmart. When I do finally get desparate enough to go, I buy enough of everything on my list to avoid going back for a long while. We keep a generously stocked pantry and freezers. A once a week shopping trip only takes a few minutes for fresh stuff ...
by Mike Scott
Mon Oct 08, 2018 11:49 am
Forum: Personal Consumer Issues
Topic: UPS mailbox experiences?
Replies: 14
Views: 770

Re: UPS mailbox experiences?

Have you asked USPS what they can do to help you? FWI, I am not a resident of the city in which I keep a PO Box.
by Mike Scott
Mon Oct 08, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: UPS mailbox experiences?
Replies: 14
Views: 770

Re: UPS mailbox experiences?

Open a USPS PO Box where you are for 6 months and forward mail. Do you really get so much mail that sending it to their house is a burden?
by Mike Scott
Mon Oct 08, 2018 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Evaluate net worth - FIRE really that close?
Replies: 56
Views: 7755

Re: Evaluate net worth - FIRE really that close?

It seems like you are on the right track. Getting to FI and moving to a LCOL area could give you an enormous number of choices that may also include early retirement. Make sure you are OK with the lower cost of living even though 75-100K goes a long way in a LCOL area if the life style works for you...
by Mike Scott
Sun Oct 07, 2018 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Mortgage lump sum question - What would you do?
Replies: 23
Views: 2564

Re: Mortgage lump sum question - What would you do?

I don't think I would be looking at a partial paydown. I would go for all or none and probably lean toward the none given your loan terms. If the loan/debt bothers you, what about moving enough money for a full payoff into a CD or something similar that has a higher rate than the loan? You keep the ...
by Mike Scott
Sun Oct 07, 2018 9:26 am
Forum: Investing - Help with Personal Investments
Topic: What about 2 funds?
Replies: 4
Views: 295

Re: What about 2 funds?

If you want to simplify and include international, I would just do one of the Life Strategy funds and only have the one. If you want to manage your funds as you will need to by holding the separate international fund, I would just do the "three fund" portfolio. It would be a bit cheaper and be no mo...
by Mike Scott
Sat Oct 06, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Sellers remorse - selling business
Replies: 44
Views: 4829

Re: Sellers remorse - selling business

It sounds like a good time to get out. If you still want to start another new thing in a couple of years you will have a financial cushion to work from and spouse can stay out of it.