Search found 518 matches

by KlingKlang
Wed Jan 17, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: [How to reserve funds for final expenses]
Replies: 10
Views: 526

Re: [How to reserve funds for final expenses]

You can prepay funeral expenses at a funeral home. My mother did that. She and I met with the funeral director and reviewed all her options including quality of casket. They provided a written plan for her funeral as a result. The funeral home insured her funeral through an insurance company which ...
by KlingKlang
Sun Jan 14, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card cash reward for payment
Replies: 10
Views: 1260

Re: Credit card cash reward for payment

But I can not find the credit cards that offer cash reward for payment (not purchase). For example, I can pay my rent to the land lord, my child care expense to the child care provider, my utility bills using credit cards. So, I want to use a credit card that can give me cash reward on these monthl...
by KlingKlang
Sun Jan 14, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Do you correct cashier mistakes?
Replies: 41
Views: 2143

Re: Do you correct cashier mistakes?

I think that I have but it's been so long that I don't remember exactly. The ratio of mistakes in the stores' favor to mine has to be hundreds to one. The last time that I was at Walmart and the cashier charged me for extra bottles of soda she made me go over to the customer service desk and wait in...
by KlingKlang
Sun Jan 14, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting Vs Savings Rate
Replies: 65
Views: 4329

Re: Budgeting Vs Savings Rate

I’m interested in how some of the more frugal members in here were able to get more buy in from family to stay frugal. Easiest way is to find a frugal partner and raise your kids to be frugal also. I'm not sure how feasible it is to convince other adults to make major permanent modifications in the...
by KlingKlang
Thu Jan 11, 2018 3:09 pm
Forum: Personal Consumer Issues
Topic: Antarctica [anyone traveled there?]
Replies: 34
Views: 2756

Re: Antarctica [anyone traveled there?]

My stupid opinion is that everything will depend on the weather/sea/ice/wildlife conditions at the exact time and place that you arrive. It may be the experience of a lifetime or you may not be able to see your hand in front of your face before it cracks off. At my age I think that I'll just stay ho...
by KlingKlang
Thu Jan 11, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Need help with insurance options. Not good with this kind of stuff
Replies: 4
Views: 291

Re: Need help with insurance options. Not good with this kind of stuff

While health insurance is useful for routine doctor visits, prescriptions, and lab tests, its real purpose is to save you from financial disaster in case you need to be hospitalized and rack up six or seven figure medical bills. I've never heard of an employer plan that limits your ACA options. Can'...
by KlingKlang
Wed Jan 10, 2018 5:48 pm
Forum: Personal Consumer Issues
Topic: Computers Suck
Replies: 18
Views: 1397

Re: Computers Suck

All of the elderly retirees that I know are too cheap and technophobic to buy a computer, pad, or smartphone - they just call me up when they want some information. An exception might be some that are active on social media or use tech to keep in contact with their friends and family. Echo Silver is...
by KlingKlang
Tue Jan 09, 2018 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: I'm Simply Not on the Same Plane As You
Replies: 25
Views: 4525

Re: I'm Simply Not on the Same Plane As You

I wouldn't criticize this allocation for a guy who is headed to 70.

Leaving your kids aside for a moment, how well does your income and assets cover your current expenses, future medical expenses, and future long term care expenses?
by KlingKlang
Tue Jan 09, 2018 12:30 pm
Forum: Personal Consumer Issues
Topic: Advice sought: can/should we pay for a bigger rental place?
Replies: 21
Views: 863

Re: Advice sought: can/should we pay for a bigger rental place?

Does the dog bark incessantly because it is left home alone while the two of you are at work or does it just bark all of the time? Either way I sympathize with your neighbors. The new rental may or may not be a solution to this problem. If you can afford daycare for the (potential) baby maybe you sh...
by KlingKlang
Mon Jan 08, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: protecting future inheritance
Replies: 31
Views: 2869

Re: protecting future inheritance

metrunt wrote:
Mon Jan 08, 2018 1:15 pm
I don't know what that expression is.
The only thing necessary for the triumph of evil is for good men to do nothing. Edmund Burke
by KlingKlang
Sun Jan 07, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Life at a crossroad: seeking advice
Replies: 54
Views: 6674

Re: Life at a crossroad: seeking advice

You have gotten some great advice and perspectives from the previous posters. I have worked in Engineering Research, Manufacturing Engineering, and Engineering Consulting and didn't find any of these positions to be inherently more stressful that the others. For me the biggest stress factor was havi...
by KlingKlang
Fri Jan 05, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice To $$ Mess
Replies: 23
Views: 2423

Re: Seeking Advice To $$ Mess

Since no one has mentioned it yet you should at least check to see how much income they would receive if they put half of their funds into a Single Premium Immediate Annuity (SPIA). This product provides the highest guaranteed income for life but has no residual value after they die. Return is based...
by KlingKlang
Thu Jan 04, 2018 7:08 pm
Forum: Personal Consumer Issues
Topic: Effects of extreme cold weather
Replies: 107
Views: 9621

Re: Effects of extreme cold weather

I now live in the less frigid Washington DC area (although very, very cold now), but many years ago, when I lived in the colder foothills of the Catskills (NY State) and had a 60's VW Beetle - sometimes in the winter cold, my car would often barely turn over with the starter to start. My father had...
by KlingKlang
Thu Jan 04, 2018 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Higher net worth / lower cash flow - How to Invest
Replies: 23
Views: 2204

Re: Higher net worth / lower cash flow - How to Invest

FunkytownInvestor wrote:
Thu Jan 04, 2018 1:52 pm
Real estate crowd funding / limited partnership investments - $450k
I have no idea what this means. Since it's tied as your largest asset could you provide additional details?
by KlingKlang
Sun Dec 31, 2017 10:25 pm
Forum: Personal Consumer Issues
Topic: Ever drink Chartreuse?
Replies: 16
Views: 1514

Re: Ever drink Chartreuse?

blmarsha123 wrote:
Sun Dec 31, 2017 8:46 pm
Ah, yes. Green Chartreuse and pineapple juice. Another blast from the past.
Green Chartreuse + pineapple juice + lime juice= Swampwater!

They used to have ads for it on the back of our college spiral notebooks in the 70s.
by KlingKlang
Sat Dec 30, 2017 3:32 pm
Forum: Personal Consumer Issues
Topic: The Economics of a new Puppy
Replies: 113
Views: 7116

Re: The Economics of a new Puppy

My pointless anecdote. I am so glad that my wife is not a dog (or animal) person. It is something we agreed upon (no household pets) before we got married. My mother is in a never-ending cycle of this with my stepfather and step-sister. One of their dogs pass (they have had at least 3 at all times ...
by KlingKlang
Fri Dec 29, 2017 4:51 pm
Forum: Investing - Theory, News & General
Topic: VUSXX vs. TreasuryDirect
Replies: 10
Views: 1016

Re: VUSXX vs. TreasuryDirect

"VUSXX and owning T-Bills are not the same thing," but no other details were given. I'm not sure about how detailed this is but the biggest difference between VUSXX and T-Bills in Treasury Direct is that you can request a withdrawal from VUSXX at anytime but with Treasury Direct you have to wait un...
by KlingKlang
Wed Dec 27, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Invest in Target fund or 3 fund portfolio?
Replies: 14
Views: 1229

Re: Invest in Target fund or 3 fund portfolio?

One concern I have with the 3 fund portfolio and I don't know if this is a valid concern is that in order to re-balance I would have to sell and then buy at the close of the next business day, essentially removing those funds from the market for a day which is not ideal. If you are still in the acc...
by KlingKlang
Wed Dec 27, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Cliff: Stupid questions on admin stuff for tIRA
Replies: 9
Views: 560

Re: ACA Cliff: Stupid questions on admin stuff for tIRA

My spouse and I, both in our 50's, are facing an ACA cliff for 2017. I've read some of the ACA threads on this board and learned a lot ... but I have a couple of very unsophisticated questions if you could help me out. 1. I plan to add contributions into my and my spouse's tIRAs sufficient to bring...
by KlingKlang
Wed Dec 27, 2017 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Creating a Mid-Tier Emergency Fund
Replies: 21
Views: 2282

Re: Creating a Mid-Tier Emergency Fund

Are i-Bonds not considered appropriate these days? Sure they are. 2.58% current rate inflation adjusted every six months, federal tax deferral, no state or local taxes. $10,000 maximum purchase per year from Treasury Direct plus $5000 from your federal tax refund. One year minimum holding time but ...
by KlingKlang
Tue Dec 26, 2017 8:25 pm
Forum: Personal Consumer Issues
Topic: European Cities that don't interest you
Replies: 187
Views: 11792

Re: European Cities that don't interest you

Just to add something to the thread I'll say Eindhoven in North Brabant in the Netherlands. If you are an American everyone just assumes that you are there to work at Philips. The old city centre is small and disappointing, the rest of the city looks exactly like a US suburb. Did you run into : "If...
by KlingKlang
Tue Dec 26, 2017 8:07 pm
Forum: Personal Consumer Issues
Topic: European Cities that don't interest you
Replies: 187
Views: 11792

Re: European Cities that don't interest you

Just to add something to the thread I'll say Eindhoven in North Brabant in the Netherlands. If you are an American everyone just assumes that you are there to work at Philips. The old city centre is small and disappointing, the rest of the city looks exactly like a US suburb. I worked there for five...
by KlingKlang
Tue Dec 26, 2017 1:44 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 315
Views: 23180

Re: What frugal thing did you do today?

Pulled out a staple from a stack of old papers, straightened it, and reinserted it into a stapler for reuse. Victoria Given the strain hardening on the corners of the staple during the initial stapling and the subsequent straightening you should probably anneal it at 760 °C before you try to reuse ...
by KlingKlang
Tue Dec 26, 2017 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Should I preserve parents’ risky portfolio? Or “disobey” them?
Replies: 74
Views: 4903

Re: Should I preserve parents’ risky portfolio? Or “disobey” them?

I'm a little confused by the emphasis on dividends, especially in the traditional IRAs. Taxation of tIRAs is determined by withdrawals, not earnings. Speaking of withdrawals, both of your parents are required to take required minimum distributions (RMDs) from their tIRAs. How large are these and how...
by KlingKlang
Fri Dec 22, 2017 9:38 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 242
Views: 15647

Re: Do people still use AAA?

My parents bought AAA for me in the 1980s when I used to drive from Cleveland to Buffalo every week. This was way before cell phones so your first problem when your car quit was getting to a pay phone. Broke down on the NY Thruway on a Sunday night, was told AAA didn't come out that far. Broke down ...
by KlingKlang
Fri Dec 22, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone here purchased a home for cash (no mortgages)?
Replies: 39
Views: 3858

Re: Has anyone here purchased a home for cash (no mortgages)?

I've never had a mortgage. Purchased a townhouse for $50k in 1981 in NY, house for $79k in 1985 in PA, current house for $135k in 1989 in OH. Note that these were not high value homes, my current house is worth maybe $200k today which is about 8% of our financial assets. Obviously our savings took a...
by KlingKlang
Wed Dec 20, 2017 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice -- Treasuries
Replies: 8
Views: 506

Re: Portfolio Advice -- Treasuries

Is holding treasuries almost identical to holding cash? What's the difference if I just keep the $6,500 tucked away in a high yield savings account? Sorry but there is no free lunch here. Any bond fund can decline in value and in fact VFISX has gone down $.12 per share since September 8. It is not ...
by KlingKlang
Mon Dec 18, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Mentally loosening the strings
Replies: 36
Views: 3757

Re: Mentally loosening the strings

I get you. I grew up in a similar home where the first rule was 'it's a sin to spend money'. Try to become more comfortable and confident when evaluating the cost/value of a purchase. It's a satisfying emotion when you feel assured that something that you have obtained will give you pleasure in exce...
by KlingKlang
Sun Dec 17, 2017 6:50 pm
Forum: Personal Consumer Issues
Topic: Overnight guests
Replies: 15
Views: 1791

Re: Overnight guests

You and your partner have a discussion. Decide how often you can live with it. Then your partner tells him what the two of you decided together. This. Also would it make you feel any better if the cousin bought your family dinner or brought you a thank-you present once in a while? No one likes to b...
by KlingKlang
Wed Dec 13, 2017 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Forced Salary Advance (is it a good thing?)
Replies: 9
Views: 1275

Re: Forced Salary Advance (is it a good thing?)

When I worked at Westinghouse in the 1980's we technically were paid only once a month on the last day but got an advance on the 15th. All taxes and savings plans were taken out of the end of the month paycheck. My problem was that I signed up for so many of the savings plans that I didn't have enou...
by KlingKlang
Wed Dec 13, 2017 10:30 am
Forum: Personal Consumer Issues
Topic: Concert Decision and Advice
Replies: 41
Views: 2397

Re: Concert Decision and Advice

I do not feel comfortable in big crowds like that. I find I cannot lose myself in them as some can. SO I do not go, wife has friends that love concerts and she goes with them. I would rather read a book, or make something. Must be the introvert in me. You sound a lot like me. The most amazing live ...
by KlingKlang
Tue Dec 12, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 70
Views: 5768

Re: Can we afford to live on one income?

... it's pretty rare: only ~20% of married households have a stay at home parent... I would call 0.2% pretty rare. 20% (1/5 of households) is a lot higher than I would have guessed. Knowing the percentage of married households with children under the age of 18 with a stay at home parent would be a ...
by KlingKlang
Mon Dec 11, 2017 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 70
Views: 5768

Re: Can we afford to live on one income?

A couple of things that I haven't seen mentioned yet: As far as obtaining health insurance through your employer you will not only have to add your wife but your child as well. Employer provided family plans can range from almost nothing to over a $1000/month (plus deductibles and co-pays). I know t...
by KlingKlang
Mon Dec 11, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Question on meeting with at-fault ins agent for injury claim
Replies: 11
Views: 1043

Re: Question on meeting with at-fault ins agent for injury claim

I had almost the same thing happen to me, my car was totaled in a collision that was the fault of the other driver. I had some fairly minor injuries (the worse being three broken bones in my foot). I reported everything to my State Farm insurance agent who I don't remember doing a lot. My company pa...
by KlingKlang
Sun Dec 10, 2017 6:47 pm
Forum: Investing - Theory, News & General
Topic: "The Modern Corporation and the Public Interest" by John C. Bogle
Replies: 13
Views: 1107

Re: "The Modern Corporation and the Public Interest" by John C. Bogle

Very interesting reading, the concerns expressed by Mr. Bogle on corporate governance echo mine (He expresses his much more eloquently of course). The only problem that I have is with the proposed solution of having boards of directors be composed of the non-voting company CEO and the rest being ind...
by KlingKlang
Fri Dec 08, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: Just not getting it [Stock Picking versus TSM]
Replies: 98
Views: 14228

Re: Just not getting it

20 years ago you could have come up with a similar list of tech stocks (AOL, CPQ, DELL, GTW, HWP, LSOS, SGI, YHOO, XCIT) that had also far outperformed the market and were expected to keep going up forever. Until they didn't. Check out the Nifty Fifty stocks from the 1960's. Some are still doing wel...
by KlingKlang
Fri Dec 08, 2017 7:39 pm
Forum: Investing - Theory, News & General
Topic: Which is better: Wellesley or 5-yr 2.5% CD?
Replies: 51
Views: 4028

Re: Which is better: Wellesley or 5-yr 2.5% CD?

US Savings Bonds I Bonds are currently yielding 2.58% state and local tax free. That rate is not guaranteed but the bonds will never decline in value. $10,000/year plus $5000/year tax refund purchase limit.
by KlingKlang
Fri Dec 08, 2017 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: help me predict investment return of my kid's IRA
Replies: 17
Views: 914

Re: help me predict investment return of my kid's IRA

With all due respect you are asking for a 43 year return projection for a fund that has been in existence for less than 6 years (01/19/2012). You can plug its 11.48% average annual return since inception into a compound interest calculator, but the chances of the result being correct to within an o...
by KlingKlang
Fri Dec 08, 2017 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: help me predict investment return of my kid's IRA
Replies: 17
Views: 914

Re: help me predict investment return of my kid's IRA

With all due respect you are asking for a 43 year return projection for a fund that has been in existence for less than 6 years (01/19/2012). You can plug its 11.48% average annual return since inception into a compound interest calculator, but the chances of the result being correct to within an or...
by KlingKlang
Fri Dec 08, 2017 12:06 pm
Forum: Personal Consumer Issues
Topic: Please suggest a dry hands product
Replies: 82
Views: 3742

Re: Please suggest a dry hands product

Cetaphil moisturizing lotion. Fragrance free but does contain alcohol, pretty good as far as non-greasy . Costco used to have it on sale pretty frequently.
by KlingKlang
Fri Dec 08, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7686

Re: At what age your investments start making more money than you?

Age 44 in 1999. Combination of good year in the markets and being laid off for several months, so not really an exciting event. It did give me some reassurance that we weren't going to starve.
by KlingKlang
Thu Dec 07, 2017 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5721

Re: What do Bogleheads say when they don't want to spend money?

I'll make a side comment and say that as I've aged, I see frugality as potentially part of a controlling personality syndrome. Sometimes the frugal one in the family uses the value or frugality issue to control things in a way that is less unpleasant than confronting the real reason for certain dec...
by KlingKlang
Thu Dec 07, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5721

Re: What do Bogleheads say when they don't want to spend money?

To my wife or daughter: Do you think that's worth it?

To anyone else: I'm not interested.
by KlingKlang
Thu Dec 07, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money
Replies: 76
Views: 6724

Re: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money

It sounds like you are the IT Jack-of-All-Trades at your current company, are you actually doing much Systems Engineering or are you spending most of your time on support issues? According to Glassdoor the average IT salary in the US is $64,990. so you are really not doing that badly. There is a lot...
by KlingKlang
Tue Dec 05, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for long term care needs
Replies: 6
Views: 818

Re: Investing for long term care needs

There are a number of threads here on Continuing Care Retirement Communities, here's a recent one that has links to a number of others: https://www.bogleheads.org/forum/viewtopic.php?t=217290 One thing that struck me was that many of the more upscale communities have several year waiting lists, so t...
by KlingKlang
Sat Dec 02, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: I'm new and need some advice/guidance
Replies: 5
Views: 374

Re: I'm new and need some advice/guidance

First of all when you specify that you want "guaranteed interest" you are discussing saving and not investing. At the present time getting above 2% guaranteed interest requires you to commit your money for 5 years or more. https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pag...
by KlingKlang
Fri Dec 01, 2017 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Savings Bond Question
Replies: 5
Views: 611

Re: Savings Bond Question

The inflation rate changes twice a year in May and November, but the composite rate for each I Bond rolls over every six month purchase anniversary. Here's the full data from Treasury Direct: https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm#compositerate Bas...
by KlingKlang
Fri Dec 01, 2017 4:08 pm
Forum: Investing - Theory, News & General
Topic: Filling up the Roth IRA first
Replies: 13
Views: 1310

Re: Filling up the Roth IRA first

I've noticed this topic alot on the forum and I had questions. How come you guys fill up the Roth IRA at the beginning of the year and then put the remainder in the taxable account? Why not just pay monthly into the Roth until it reaches contributions limits at the end of the year. Is there some ad...
by KlingKlang
Mon Nov 27, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Inspiration to Work After You've Already "Won"?
Replies: 17
Views: 1746

Re: Inspiration to Work After You've Already "Won"?

What do you do when your wife, mother, and mother-in-law all tell you "You're too young to retire!"? :annoyed Tell them they are too old to be handing out advice... I have to assume that you are single. BTW, this actually happened to me. The convention in our families is that men should work until ...
by KlingKlang
Mon Nov 27, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Inspiration to Work After You've Already "Won"?
Replies: 17
Views: 1746

Re: Inspiration to Work After You've Already "Won"?

What do you do when your wife, mother, and mother-in-law all tell you "You're too young to retire!"? :annoyed