Search found 98 matches

by novillero
Wed Dec 30, 2020 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Does a condo owner need umbrella insurance?
Replies: 21
Views: 2557

Re: Does a condo owner need umbrella insurance?

The wife and I have 2 condos. We decided for the umbrella policy. The price is cheap especially in comparison to the risk. We simply used our homeowners insurance company (which is also our auto). The savings of shopping around is probably minimal, especially when you bundle. We also got separate in...
by novillero
Wed Nov 04, 2020 6:23 pm
Forum: Personal Investments
Topic: NCUA insurance and POD (payable on death) accounts
Replies: 5
Views: 457

Re: NCUA insurance and POD (payable on death) accounts

No, that is not how the insurance works. First, many credit unions have ESI (excess share insurance which could get you to the $500k mark). Só check that first. Otherwise, it is basically $250k per account holder. If you have another account with you as a joint (eg, you spouse as the main account ho...
by novillero
Sat Aug 01, 2020 5:47 am
Forum: Personal Consumer Issues
Topic: What precautions are other universities taking?
Replies: 26
Views: 1441

Re: What precautions are other universities taking?

My daughter is a freshman. Only freshman will be face to face, all others with limited exceptions will be remote. She has a room to herself Quarantined for first 14 days where school will be online (as well as orientation) Daily temp checks Classroom size limited Food service will be grab and go Mas...
by novillero
Sat Aug 01, 2020 5:37 am
Forum: Personal Consumer Issues
Topic: How long to keep a car
Replies: 110
Views: 9105

Re: How long to keep a car

I drive a 2006 Prius with 260,000 miles on it and it still gets up to 50 mpg. It’s dinged up, but I don’t see a reason to get rid of it.
by novillero
Wed Jul 22, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Financing (taking a bank loan) for purchase of RV or, pay cash in full.
Replies: 19
Views: 1194

Re: Financing (taking a bank loan) for purchase of RV or, pay cash in full.

I don’t understand the need to buy an RV. How often does a person use an RV to justify a purchase vs a short term rental? I work for a financial institution that has RV loans. High rate of default. An interesting survey would be the difference of planned use vs actual use by RV purchasers. I am bett...
by novillero
Fri Jul 17, 2020 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: NJ employment Lawyer
Replies: 3
Views: 408

Re: NJ employment Lawyer

Where in NJ do you live?
by novillero
Thu Jun 25, 2020 9:40 pm
Forum: Investing - Theory, News & General
Topic: Is there a bankruptcy index?
Replies: 8
Views: 983

Re: Is there a bankruptcy index?

The American Bankruptcy Institute usually has good info.
by novillero
Thu Jun 18, 2020 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Local CU quit offering cd's
Replies: 9
Views: 1136

Re: Local CU quit offering cd's

All financial institutions are flush with cash right now (from member deposits) due to a flight to safety. They can’t reinvest the money into investments because rates are horrible for them as well. They can’t reinvest into loans because borrowing is down.. Loan income is declining at the moment. In...
by novillero
Sun May 24, 2020 8:11 am
Forum: Personal Consumer Issues
Topic: How to grow food indoors
Replies: 16
Views: 1804

How to grow food indoors

I was researching this topic via google and hydroponics, aeroponics, aquaponics = expensive systems and buying special seed pods... and they all seem more complicated than it needs to be. Does anyone have any recommendations for growing using potting soil and simple (and relatively inexpensive) grow...
by novillero
Sun May 24, 2020 7:56 am
Forum: Personal Investments
Topic: Has anyone ever used their Emergency Fund?
Replies: 92
Views: 7826

Re: Has anyone ever used their Emergency Fund?

I did to buy a used car on a deal too good to pass up. Company vehicle 5 years old with 14,000 miles on it. Fuel efficient, well maintained and bought for trade-in value. It was replacing my fuel efficient 15 year old car with 260,000 miles on it. I just did it this year. And I still have both cars....
by novillero
Sun May 24, 2020 7:47 am
Forum: Personal Consumer Issues
Topic: Tips to stick to a weight loss diet?
Replies: 282
Views: 18767

Re: Tips to stick to a weight loss diet?

I recently lost over 50 pounds. Intermittent fasting 16/8 rule (basically skipping breakfast and only eating during an 8 hour window - and that is strict, not one calorie outside that window. Not even a stick of gum or milk in your coffee) The other thing was I saw how sedentary I was. I always have...
by novillero
Sat May 23, 2020 1:25 pm
Forum: Personal Investments
Topic: Roth IRA for children
Replies: 39
Views: 3182

Re: Roth IRA for children

I opened a ROTH for my child, but only after she made money from a “real” employer. (I match her pay) I do not think it worth it to worry if I messed up on something that is just not that important. Wait for a bone fide employment. Meanwhile if you want to give your child money, put into a taxable a...
by novillero
Sat May 23, 2020 1:19 pm
Forum: Personal Consumer Issues
Topic: NJ property taxes too high. What are my alternative states?
Replies: 97
Views: 8132

Re: NJ property taxes too high. What are my alternative states?

I’m from Nj. Relocate within the state, and p.s. you are under the average property tax amount for the state: https://www.nj.com/politics/2020/03/njs ... -town.html
by novillero
Wed Mar 18, 2020 11:46 am
Forum: Investing - Theory, News & General
Topic: Why not liquidate?
Replies: 48
Views: 4542

Re: Why not liquidate?

That’s why I tuned back in to this forum. I was thinking of jumping out, and coming back in later.
by novillero
Thu Feb 13, 2020 8:11 am
Forum: Personal Investments
Topic: FAFSA - just offered 457b, is this better than 401k?
Replies: 1
Views: 263

FAFSA - just offered 457b, is this better than 401k?

Aside from a debate on 401k vs 457b, I am strictly interested in whether the 457b will affect FAFSA. My oldest is getting back her financial aid packages, and we are batting 1000% on getting nothing in aid. When I compare our EFC to the proposed bill... it seems like we should have gotten something!...
by novillero
Wed Jan 22, 2020 8:29 am
Forum: Personal Consumer Issues
Topic: App for bodyweight exercise
Replies: 11
Views: 1210

App for bodyweight exercise

I saw one old post that said the 3-fund portfolio for Bogleheads is pushups pull-ups and squats. Lol. That is my basic workout! I am looking for an app that does just two things, but I can’t seem to find my idea out there 1. I program the exercises. 2. It charts activity, reps and sets Most importan...
by novillero
Wed Jan 22, 2020 8:04 am
Forum: Personal Consumer Issues
Topic: Spain in July with kids
Replies: 49
Views: 3719

Re: Spain in July with kids

Look for local festivals! I agree with what has already been said... of all the Spanish cities/towns I visited, Madrid was my least favorite. Obviously other will disagree. Hot, no air conditioning, and is ... well... a city. Did not find the charm in it. The Prado is obviously excellent... but you ...
by novillero
Tue Jan 21, 2020 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Career change at 47
Replies: 116
Views: 11684

Re: Career change at 47

I found this book very practical and helpful: The 10 Laws of Career Reinvention Essential Survival Skills for Any Economy by Pamela Mitchell Here is the description as listed in a library catalog: In The 10 Laws of Career Reinvention , America's Reinvention Coach® Pamela Mitchell offers every tool ...
by novillero
Tue Jan 07, 2020 10:56 am
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 661
Views: 94296

Re: Flaunt Your High-Mileage Car

2006 Prius, 252,500 miles. New battery and the dealer screwed up my engine at around 185,000 miles and it was replaced for free with a 90,000 mile engine. Still working well, gas mileage still averages around 45 MPG.
by novillero
Wed Nov 20, 2019 5:43 am
Forum: Personal Investments
Topic: 529 in S&P fund, child senior in HS
Replies: 18
Views: 1155

529 in S&P fund, child senior in HS

The fund says it is up 26.46% this year! Next year is the first college tuition payment. I may have enough for 3 years, depending on the school. I am thinking of taking it all and transferring it to something extremely safe. I don’t trust the immediate future. Im in Franklin Templeton’s “NJ’s Best”....
by novillero
Wed Oct 16, 2019 9:06 pm
Forum: Personal Consumer Issues
Topic: coin collection - sell or keep?
Replies: 17
Views: 2825

Re: coin collection - sell or keep?

I’m thinking of selling my small collection too. One thing stuck with me over the years as I was collecting the usual types of modern coins... the dealer at my local shop was talking to a guy and made the point that instead of collecting all of these books of low value coins, why not buy one (or a c...
by novillero
Fri Oct 04, 2019 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Side income ideas for a non-lawyer JD holder?
Replies: 30
Views: 2379

Re: Side income ideas for a non-lawyer JD holder?

my thoughts having had my own solo practice. Don’t forego the insurance. It will also include the defense costs. And some smart attorney may find ways around whatever asset protection measures you set up. Don’t take a case you don’t have enough training/knowledge/education in... that’s a sure way to...
by novillero
Sun Jun 30, 2019 8:57 pm
Forum: Personal Consumer Issues
Topic: trip to Greece (Athens and vicinity)
Replies: 21
Views: 1909

Re: trip to Greece (Athens and vicinity)

Three days is waaaay too much. I am very much into Ancient Greek history and culture, but - after having visited Athens - I can not recommend spending more than one day there. Acropolis, Agora, national museum ... then get the heck out!!! Be careful walking up the acropolis, it’s slick and steep. We...
by novillero
Sun Apr 28, 2019 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: What are the cons of always being a one parent working household?
Replies: 134
Views: 9445

Re: What are the cons of always being a one parent working household?

I clicked this topic because I thought it would be interesting. It seems to have devolved into the type of discussion that makes me want to stay off the internet.
by novillero
Tue Apr 16, 2019 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Jury Duty questions
Replies: 20
Views: 2296

Re: Jury Duty questions

No problem.You will need to show them proof of your trip and they will probably put you back on the wheel for anothertime not too soon, but not too far off either.
by novillero
Sat Mar 02, 2019 9:07 am
Forum: Personal Consumer Issues
Topic: Thinking of Buying a Watch - Recommendations?
Replies: 74
Views: 5932

Re: Thinking of Buying a Watch - Recommendations?

Try the forum at watchuseek. Timex has the look you want, but they are noisy (you’ll hear it on your nightstand as you try to sleep). I bought a Hamilton khaki field watch. It’s mechanical so you have to wind it. I figure I don’t have any jewelry so I’d spend a little more than I normally would on m...
by novillero
Mon Jan 07, 2019 6:14 am
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 271
Views: 25801

Re: $40,000 in debt, bankruptcy seems to be the best option right now

As a bankruptcy attorney, I say you definitely qualify. But after you filed, your expenses would still outpace your income. I haven’t read all the comments, just the first handful. If you have any equity in your house, it could be protected. Contact a non profit debt counseling agency (which you hav...
by novillero
Tue Oct 16, 2018 6:33 pm
Forum: Personal Consumer Issues
Topic: Sneakers with good arch support
Replies: 33
Views: 2178

Re: Sneakers with good arch support

Friend of the family is a podiatrist. He recommends New Balance or Nike.
by novillero
Sat Oct 06, 2018 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: 20 countries where 200K in retirement savings will last you decades
Replies: 235
Views: 34598

Re: 20 countries where 200K in retirement savings will last you decades

Very nice summary! This is what I would have written myself if I had to. I have long held the view that Spain and Portugal are two of the best options of US citizens to live abroad reasonably, and much of elsewhere are not good options. Although I am not sure how the language will play out in eithe...
by novillero
Fri Sep 28, 2018 5:16 am
Forum: Personal Finance (Not Investing)
Topic: FAFSA - Private mortgage on investment property
Replies: 8
Views: 665

Re: FAFSA - Private mortgage on investment property

I understand the concerns about family, etc., and I thank everyone for raising them, but i just want to focus on the FAFSA issue.
by novillero
Thu Sep 27, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA - Private mortgage on investment property
Replies: 8
Views: 665

FAFSA - Private mortgage on investment property

I am about to buy an investment property. It just occurred to me that I could get that mortgage through a family member. It would save us money on costs, we could get a lower rate, and it would give the family member a place to put money that is not doing anything for them. win-win. It would be a le...
by novillero
Sun Jun 10, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads' College Philosophy question
Replies: 68
Views: 4430

Re: Bogleheads' College Philosophy question

Check out scholarship websites. Some are available for grades prior to senior year students.
by novillero
Thu Feb 08, 2018 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 12920

Re: Tenants want to break lease early and is pregnant

It’s very simple. Legally, your damages are limited to the rest of the lease. But you have a duty to mitigate your damages by actively looking for new renters.

See if they know somebody who will rent the place, or start searching now.
by novillero
Wed Feb 07, 2018 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Dad gave me money before filing bankruptcy
Replies: 24
Views: 5069

Re: DAD GAVE ME MONEY BEFORE FILING BANKRUPTCY

Insiders are one year (and family members are insiders), but your state may have a longer look back period. Seek out a bona fire bankruptcy attorney
by novillero
Mon Jan 29, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: Should I join my local Freemasons?
Replies: 31
Views: 5919

Re: Should I join my local Freemasons?

Freemasons have a long and sordid history of prejudice and racism against certain groups, ... Historically including, and perhaps especially, Catholics. (Disclosure: I am a practicing Catholic.) Hmm, then again, the Catholics weren't so hot on the Freemasons either... As a practicing Catholic mysel...
by novillero
Sun Jan 28, 2018 7:41 am
Forum: Personal Consumer Issues
Topic: How to choose a college
Replies: 67
Views: 4224

Re: How yo choose a college

Alexa9 wrote: Sat Jan 27, 2018 6:34 pm What state/major? Update your OP if you want better advice.
Part of the point was that she had no field that was of particular interest.
by novillero
Sat Jan 27, 2018 5:23 pm
Forum: Personal Consumer Issues
Topic: How to choose a college
Replies: 67
Views: 4224

How to choose a college

My daughter is of the age that she is receiving material in the mail from colleges. What are good resources for looking at colleges? I see U.S. News, Forbes, WSJ all lost some sort of a ranking system. There is a site called niche that ranks schools. Are these good ways to judge a college? What else...
by novillero
Sat Jan 20, 2018 1:37 pm
Forum: Personal Investments
Topic: Roth conversion in 2018 - makes more sense now?
Replies: 4
Views: 1106

Roth conversion in 2018 - makes more sense now?

I was just wondering, as I haven’t noticed this topic since the new tax bill. First, any good recent literature on this that anyone could share. Second, the theory is that taxes will probably never be lower and only to rise again. If the money is available to convert now some part of my IRA to a Rot...
by novillero
Sun Jan 14, 2018 8:25 am
Forum: Personal Consumer Issues
Topic: [Suggestions for traveling in] Portugal
Replies: 7
Views: 820

Re: [Suggestions for traveling in] Portugal

Just north of Lisbon is Sintra. A must see and accessible via public transportation from Lisbon.
by novillero
Thu Nov 30, 2017 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Who are heirs? No will.
Replies: 63
Views: 9988

Re: Who are heirs? No will.

#10 is correct.
Signed a N.J./NY Lawyer

P.S. the surrogate’s office where the person died will be able to help. Don’t get lawyers involved. It’s not necessary.
by novillero
Tue Nov 14, 2017 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken Loans Refi experience?
Replies: 4
Views: 693

Re: Quicken Loans Refi experience?

No experience, but I get their letters in the mail. Watch the costs - the rate on the front of the letters I get differs from the rate on the back... all the points, etc has a big effect.
by novillero
Fri Nov 10, 2017 10:15 am
Forum: Personal Consumer Issues
Topic: Spam calls to cell phone...
Replies: 123
Views: 16002

Re: Spam calls to cell phone...

bberris wrote: Thu Nov 02, 2017 10:10 am The weird thing is when you get a call from your own number. I was tempted to answer, thinking that I might be in trouble.
You should have answered it. It might have been future-you warning you of a bad decision that would impact humanity. Now we are all doomed!!!
by novillero
Fri Nov 10, 2017 10:08 am
Forum: Personal Consumer Issues
Topic: 450,000 American Airlines MILES gifted to me - how to book
Replies: 25
Views: 3071

450,000 American Airlines MILES gifted to me - how to book

Well, not gifted and not yet. My 80+ year old uncle realizes he’ll never use the miles and wants to donate them to me. American Airlines charges a ridiculous amount to gift or donate miles - something like $625 for 50,000 miles. But it appears that if the tickets are booked through him, it’s no prob...
by novillero
Fri Nov 10, 2017 9:57 am
Forum: Personal Consumer Issues
Topic: Tankless Water Heaters
Replies: 10
Views: 1573

Re: Tankless Water Heaters

Good idea. We have a tankless for the entire house, but it seems to take forever for hot water to get to the second floor. We are thinking about redoing our upstairs bathroom... this may be a very good solution.
by novillero
Fri Nov 10, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Inactive accounts closed?
Replies: 30
Views: 3098

Re: Inactive accounts closed?

I’m a ceo of a small credit union. Keeping accounts open costs money. We desperately reach out to dormant accounts due to escheat laws ... 3 years in my state. We have no choice of keeping old dormant accounts open. Examiners specifically look at dormant accounts as this is an avenue for insider fra...
by novillero
Thu Nov 02, 2017 3:24 pm
Forum: Personal Consumer Issues
Topic: Portugal Trip, any suggestions?
Replies: 38
Views: 3644

Re: Portugal Trip, any suggestions?

P.s. a lot of people recommended Sintra, and I do too. Take mass transit to get there. The roads in Sintra are crazier than the drivers.
by novillero
Thu Nov 02, 2017 1:56 pm
Forum: Personal Consumer Issues
Topic: Portugal Trip, any suggestions?
Replies: 38
Views: 3644

Re: Portugal Trip, any suggestions?

I just spent a week in Portugal. Flew into Lisbon, rented a car and spent 2 days in the Algarve (Lagos), 3 days in Lisbon (including a day trip to Sintra), and 1 day in Porto. Portugal is inexpensive and very charming. We relied entirely on locals for food/drink recommendations which turned out to ...
by novillero
Wed Nov 01, 2017 7:16 pm
Forum: Personal Consumer Issues
Topic: Portugal Trip, any suggestions?
Replies: 38
Views: 3644

Re: Portugal Trip, any suggestions?

I just spent a week in Portugal. Flew into Lisbon, rented a car and spent 2 days in the Algarve (Lagos), 3 days in Lisbon (including a day trip to Sintra), and 1 day in Porto. Portugal is inexpensive and very charming. We relied entirely on locals for food/drink recommendations which turned out to ...
by novillero
Mon Sep 18, 2017 4:50 am
Forum: Personal Finance (Not Investing)
Topic: Help With Rental Property Decision
Replies: 30
Views: 2652

Re: Help With Rental Property Decision

No answers (yet). A few questions though: - What is the fair market value of the condo? - Have you paid attention to this market and understand how fast or slow others have sold? - how much do you still owe on the mortgage? - have you refinanced since originally getting the mortgage? You could lower...
by novillero
Fri Sep 08, 2017 10:29 am
Forum: Personal Consumer Issues
Topic: Dual Citizenship (USA/Portugal); Obtaining a Portuguese Passport
Replies: 10
Views: 2999

Re: Dual Citizenship (USA/Portugal); Obtaining a Portuguese Passport

Question for novillero : Do the ID cards allow for hassle-free travel throughout Portugal and the EU (meaning that a Portuguese passport would not be needed)? The time that my wife and I traveled to Portugal, we typically had to leave our US passports with the hotel desk clerks whenever we sought l...