Search found 497 matches

by gwe67
Wed Jan 20, 2021 5:59 pm
Forum: Personal Investments
Topic: Postal Service and Vanguard
Replies: 13
Views: 347

Re: Postal Service and Vanguard

Hope you used a guaranteed delivery service or it might take weeks or months to receive.
by gwe67
Wed Jan 20, 2021 3:22 pm
Forum: Personal Investments
Topic: High fees in company 401k plan - 55ps
Replies: 3
Views: 241

Re: High fees in company 401k plan - 55ps

Combined with the expense ratios, you are probably paying around 1%, which is not good. Small companies struggle to offer affordable 401k's. Maybe they offer a "self-directed" option?
by gwe67
Wed Jan 20, 2021 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Investment in Mobile Home Park
Replies: 41
Views: 2044

Re: Investment in Mobile Home Park

property is 2000 miles away. A 1/3 empty mobile home park 2000 miles away? NO. Hard stop. Too many red flags to count. Also, partnership is a horrible idea. On top of that, you have three young kids and a stay-at-home wife. No way you have time to manage this "side business". Put this out...
by gwe67
Mon Jan 18, 2021 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Good First Real Estate Investment?
Replies: 29
Views: 2326

Re: Good First Real Estate Investment?

As a high wage earner, it doesn't make sense for you to do this the way you propose. You are going to do minimum wage work such as handyman repairs and yard maintenance when you could instead be doing additional lawyer work and making big $$$? Your income is your biggest wealth building tool.
by gwe67
Sat Jan 16, 2021 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Question for those with Capital One Wal-Mart Rewards Card
Replies: 6
Views: 685

Re: Question for those with Capital One Wal-Mart Rewards Card

Does anyone have the Guide to Benefits for this card? Does it include extended warranty or any insurance benefits? Can it be issued as a Mastercard World Elite? Benefits include: ID theft protection identify fraud expense reimbursement travel assistance services masterrental coverage worldwide auto...
by gwe67
Fri Jan 15, 2021 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Good First Real Estate Investment?
Replies: 29
Views: 2326

Re: Good First Real Estate Investment?

Terrible idea to do this as a partnership. Why? https://duckduckgo.com/?q=why+partnerships+fail&t=h_&ia=web https://duckduckgo.com/?q=why+partnerships+bad+idea&t=h_&ia=web https://www.daveramsey.com/blog/the-dirt-on-partnerships/ https://www.daveramsey.com/askdave/business/prevent-a...
by gwe67
Fri Jan 15, 2021 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Good First Real Estate Investment?
Replies: 29
Views: 2326

Re: Good First Real Estate Investment?

Terrible idea to do this as a partnership.
by gwe67
Thu Jan 14, 2021 2:31 pm
Forum: Investing - Theory, News & General
Topic: Inflation, banking and real estate
Replies: 12
Views: 720

Re: Inflation, banking and real estate

Are you also thinking about something historically moderate...like double our current inflation? Lots of possible futures between current inflation and peak 70s inflation. Nobody ever wants to talk about a boring, but still consequential 5% Certainly, but that's boring ;) I'm not well educated abou...
by gwe67
Thu Jan 14, 2021 11:14 am
Forum: Personal Investments
Topic: Portfolio Review IRA
Replies: 8
Views: 424

Re: Portfolio Review IRA

Forget about investing. Pay off that debt.

Try this:
https://www.daveramsey.com
by gwe67
Thu Jan 14, 2021 10:36 am
Forum: Personal Investments
Topic: Three Fund Portfolio + Ark ?
Replies: 24
Views: 1590

Re: Three Fund Portfolio + Ark ?

Interesting how people want to speculate in things after the run up (crypto, gold, lumber, Tesla, ARK, etc.)
by gwe67
Wed Jan 13, 2021 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Can we both retire?
Replies: 18
Views: 3273

Re: Can we both retire?

I found this:

"Age 55 - 64:
Average retirement account: $374,000
Median retirement account: $120,000"

Your net worth is above the 94 percentile and you have much more saved for retirement than your peers. Don't overthink this.
by gwe67
Wed Jan 13, 2021 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Renting Single family home to run Assisted Living Facility
Replies: 27
Views: 2249

Re: Renting Single family home to run Assisted Living Facility

Just FYI, we had something similar pop up in our neighborhood, except it was residential drug treatment. That comes with issues that you probably do not experience (not what you think though, for example parking was the #1 problem). Turns out that the solution to kick the residential facilities out...
by gwe67
Wed Jan 13, 2021 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Any insight since VG support is nowhere to be found
Replies: 10
Views: 670

Re: Any insight since VG support is nowhere to be found

I did this, moving from T Rowe to VG. Once complete, however, I sold the T Rowe fund to buy a VG fund. This was the main reason for the exercise, to get rid of the high fee T Rowe fund. The "in-kind" transfer did provide for no "time out of the market". Note that the funds to be ...
by gwe67
Wed Jan 13, 2021 11:58 am
Forum: Personal Consumer Issues
Topic: Power is Out - Do you Know How Long Food Lasts in Fridge?
Replies: 39
Views: 2046

Re: Power is Out - Do you Know How Long Food Lasts in Fridge?

Buy some large bags of ice and all will be fine until power is restored. Or just bag some snow if it's that cold.
by gwe67
Tue Jan 12, 2021 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Teacher retirement annuity
Replies: 16
Views: 1655

Re: Teacher retirement annuity

It is actuarily neutral and adjusted for sex of the spouse. If she chooses Option 1, you must agree and sign off on it. No agreement is required if she chooses Option 2. I chose Option 2 with the understanding that DW will also choose Option 2 at retirement time. If she falters and wants Option 1, I...
by gwe67
Tue Jan 12, 2021 8:57 pm
Forum: Investing - Theory, News & General
Topic: Buffett on Asset Allocation
Replies: 58
Views: 5440

Re: Buffett on Asset Allocation

Why are you linking to 15 year old information? How is this personable and actionable for you? Lock, please.
by gwe67
Mon Jan 11, 2021 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: LLC Taxes
Replies: 1
Views: 179

Re: LLC Taxes

I am currently a MN resident. If I form an LLC for a vacation home in Florida would I pay any state income tax on profits (if any) to MN? Would the profit be added to my personal income for the year? I don't believe FL has any personal or LLC income tax. Does it make any difference if the LLC is fi...
by gwe67
Mon Jan 11, 2021 6:19 pm
Forum: Personal Consumer Issues
Topic: how to use American Airlines miles?
Replies: 6
Views: 733

how to use American Airlines miles?

It looks like these can't be redeemed for magazines & newspapers as in the past. Is the only option to use American's eshopping site?
by gwe67
Mon Jan 11, 2021 6:03 pm
Forum: Investing - Theory, News & General
Topic: Munger warns of lost decade for investing (2021-2031)
Replies: 71
Views: 9652

Re: Munger warns of lost decade for investing (2021-2031)

Whether he is right or wrong, Munger won't be around to see what the result is 10 years from now. Not sure how that is helpful or relevant, but okay. It's easy to make a prediction when you can never be held accountable for the outcome. Also don't see how his prediction is helpful or relevant.
by gwe67
Mon Jan 11, 2021 5:47 pm
Forum: Personal Investments
Topic: TAx loss harvesting of Crypto?
Replies: 12
Views: 749

Re: TAx loss harvesting of Crypto?

So we can TLH currency? We should all be allowed to TLH our dollars every time there is inflation.
by gwe67
Mon Jan 11, 2021 5:44 pm
Forum: Investing - Theory, News & General
Topic: Munger warns of lost decade for investing (2021-2031)
Replies: 71
Views: 9652

Re: Munger warns of lost decade for investing (2021-2031)

Whether he is right or wrong, Munger won't be around to see what the result is 10 years from now.
by gwe67
Sun Jan 10, 2021 5:30 pm
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 126
Views: 20512

Re: Help Me [Recover] My Bitcoin!

It's really going to bother you when the value is $1 million.
by gwe67
Sun Jan 10, 2021 5:28 pm
Forum: Personal Consumer Issues
Topic: Furniture delivery delays
Replies: 20
Views: 1668

Re: Furniture delivery delays

USPS gets by with this. Promise but not guarantee delivery within a reasonable time frame, with no recourse for tardiness. Why can't every business do the same? Most delivery companies, including the USPS, have services that provide a guaranteed delivery date. But you pay a substantial amount for t...
by gwe67
Sun Jan 10, 2021 3:45 pm
Forum: Personal Consumer Issues
Topic: How to watch all NFL games
Replies: 81
Views: 4748

Re: How to watch all NFL games

Looks like future trend is that some games will only be available on Amazon Prime Video.
by gwe67
Fri Jan 08, 2021 12:39 pm
Forum: Personal Consumer Issues
Topic: Analysis of water & sewer line insurance
Replies: 13
Views: 1077

Re: Analysis of water & sewer line insurance

I have had two sewer line failures that cost about $6,000 each to repair. Now I have the insurance. Of course, that means that failure probably won't happen again.

Tree roots can cause a lot of damage, even to PVC pipe.
by gwe67
Thu Jan 07, 2021 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Does a side home rental count for PPP2?
Replies: 9
Views: 673

Re: Does a side home rental count for PPP2?

This may not apply to you as an owner of a short-term rental, but landlords benefitted indirectly thru the emergency rental relief program.
by gwe67
Thu Jan 07, 2021 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: What is withheld when 100% of check deferred into non-Roth 401k?
Replies: 20
Views: 1066

Re: What is withheld when 100% of check deferred into non-Roth 401k?

Should it only be 6.2% for social security and 1.45% for medicare? My employer also withheld an amount for federal taxes which does not seem correct. I'm also not sure you want to do this. I would think that you would want to fill up at least up to the top of the 10% bracket. For a single person th...
by gwe67
Thu Jan 07, 2021 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: What is withheld when 100% of check deferred into non-Roth 401k?
Replies: 20
Views: 1066

Re: What is withheld when 100% of check deferred into non-Roth 401k?

Don't know, but maybe you had to withhold income taxes on the 7.65% of the paycheck that didn't go into your 401(k)? That's income, too, you know. So if the 6.2% social security deduction is taxed when taken from paycheck, then why are social security benefits mainly taxable? Sounds like double tax...
by gwe67
Thu Jan 07, 2021 1:20 pm
Forum: Personal Investments
Topic: Investing in Family Member Startup
Replies: 17
Views: 1004

Re: Investing in Family Member Startup

Why ask these questions if you are already fully prepared to lose and it will make no difference on your life? You seem to believe he can make it, so just give him the money. It's more what type of documentation do I need to put into place. I was hoping some people here may have some experience. Do...
by gwe67
Thu Jan 07, 2021 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: What is withheld when 100% of check deferred into non-Roth 401k?
Replies: 20
Views: 1066

Re: What is withheld when 100% of check deferred into non-Roth 401k?

Is your W-4 set for additional withholding? W4 was set for 4 dependents with an additional $300 per pay period. However, the payment in question is a lump sum post-retirement. I didn't think to change the W4 at time of retirement. Yes, this is an old traditional 401k. Anyway, I'm awaiting the emplo...
by gwe67
Thu Jan 07, 2021 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: What is withheld when 100% of check deferred into non-Roth 401k?
Replies: 20
Views: 1066

Re: What is withheld when 100% of check deferred into non-Roth 401k?

livesoft wrote: Thu Jan 07, 2021 12:52 pm Don't know, but maybe you had to withhold income taxes on the 7.65% of the paycheck that didn't go into your 401(k)? That's income, too, you know.
Could be. The federal withholding calculates as about 28% of the 7.65%.
by gwe67
Thu Jan 07, 2021 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: What is withheld when 100% of check deferred into non-Roth 401k?
Replies: 20
Views: 1066

What is withheld when 100% of check deferred into non-Roth 401k?

Should it only be 6.2% for social security and 1.45% for medicare? My employer also withheld an amount for federal taxes which does not seem correct.
by gwe67
Wed Jan 06, 2021 3:21 pm
Forum: Personal Consumer Issues
Topic: What is the least expensive way to have a water heater installed?
Replies: 71
Views: 5207

Re: What is the least expensive way to have a water heater installed?

Lots of dangerous advice is being posted about using unqualified persons for this type of work.

"Installing a tank water heater might seem easy, but some of these common mistakes could be life-threatening."
https://www.finehomebuilding.com/2019/1 ... violations
by gwe67
Wed Jan 06, 2021 3:12 pm
Forum: Personal Investments
Topic: Roth IRA Beginner - A/A with $3000 Minimums
Replies: 14
Views: 816

Re: Roth IRA Beginner - A/A with $3000 Minimums

Why wouldn't you want to use ETF's instead of mutual funds? Among the advantages is that the expense ratios are lower.
by gwe67
Tue Jan 05, 2021 5:26 pm
Forum: Personal Consumer Issues
Topic: Furniture delivery delays
Replies: 20
Views: 1668

Re: Furniture delivery delays

USPS gets by with this. Promise but not guarantee delivery within a reasonable time frame, with no recourse for tardiness. Why can't every business do the same?
by gwe67
Tue Jan 05, 2021 5:06 pm
Forum: Personal Consumer Issues
Topic: Is joining a country club a liability?
Replies: 57
Views: 5094

Re: Is joining a country club a liability?

You have the means to do it, so why not?

Just be aware that you will get the full court press from every financial advisor around. You will spend time turning down "meetings" aka sales pitches. Edward Jones even has an office next to our CC.
by gwe67
Mon Jan 04, 2021 11:39 pm
Forum: Personal Consumer Issues
Topic: What is the least expensive way to have a water heater installed?
Replies: 71
Views: 5207

Re: What is the least expensive way to have a water heater installed?

Replaced my own 3 years ago and installed it myself. $600 at Home Depot plus $25 disposal fee at the dump. You don't need to be a brain surgeon. Lots of help on You Tube. This. DIY Took me a better part of the day, as the newer model was slightly different sized and the old one didn't drain complet...
by gwe67
Mon Jan 04, 2021 10:54 pm
Forum: Personal Consumer Issues
Topic: What is the least expensive way to have a water heater installed?
Replies: 71
Views: 5207

Re: What is the least expensive way to have a water heater installed?

Find a reputable local plumber that will get a permit for the project when required by your locality. You may have to wait a while until the plumber is available because this is good plumber who is busy and has lots of repeat customers. Be flexible on the scheduling. Be nice--you will need this plum...
by gwe67
Mon Jan 04, 2021 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Rental home in LLC
Replies: 29
Views: 1898

Re: Rental home in LLC

This stuff is really complicated. Here is the multi-LLC recommendation from an actual lawyer:
https://www.quora.com/I-have-multiple-r ... ahue?ch=12

more good info:
https://www.quora.com/Should-you-form-a ... l-property
by gwe67
Sat Jan 02, 2021 6:03 pm
Forum: Personal Investments
Topic: Feeling stuck at Edward Jones, medallion problem
Replies: 61
Views: 4625

Re: Feeling stuck at Edward Jones, medallion problem

I used esignatureguarantee.com recently. Cost was $150 per document that required MSG.

EJ will probably require MSG just to try to make it difficult for you to leave.
by gwe67
Sat Jan 02, 2021 11:25 am
Forum: Investing - Theory, News & General
Topic: No stimulus check:
Replies: 19
Views: 1685

Re: No stimulus check:

This question has already been asked and answered:

How do you explain no COVID19 Stimulus Payment?

viewtopic.php?f=2&t=313282
by gwe67
Fri Jan 01, 2021 7:33 pm
Forum: Personal Consumer Issues
Topic: Where to get an adult IQ test?
Replies: 19
Views: 1512

Re: Where to get an adult IQ test?

If you pay $70 for that, I already know the answer.
by gwe67
Fri Jan 01, 2021 7:13 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 303
Views: 38985

Re: Roll Call for the Retirement Class of 2020!

August 31 at age 53! Am already tired of hearing "where are you going to work next" but don't want to explain the concept of FI. Congratulations on your retirement, gwe67, and welcome to the Retirement Roll Call! We won't ask you to explain the concept of Financial Independence :D but we'...
by gwe67
Fri Jan 01, 2021 6:44 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 303
Views: 38985

Re: Roll Call for the Retirement Class of 2020!

August 31 at age 53! Am already tired of hearing "where are you going to work next" but don't want to explain the concept of FI. Congratulations on your retirement, gwe67, and welcome to the Retirement Roll Call! We won't ask you to explain the concept of Financial Independence :D but we'...
by gwe67
Wed Dec 30, 2020 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Proof of funds to offer a house in Cash
Replies: 49
Views: 3352

Re: Proof of funds to offer a house in Cash

OP is probably just not familiar with the terminology.
by gwe67
Wed Dec 30, 2020 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Any chance for refund of USPS priority mail?
Replies: 25
Views: 1708

Re: Any chance for refund of USPS priority mail?

At what point is late delivery or non-delivery considered breach of contract or failure to perform? It is 23 days later and still no delivery. Also the item shipped is now spoiled. That's a loss of the item as well as the shipping cost. "Priority Mail may arrive in 1 day, 2 days or 3 days based...
by gwe67
Tue Dec 29, 2020 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Any chance for refund of USPS priority mail?
Replies: 25
Views: 1708

Re: Any chance for refund of USPS priority mail?

adestefan wrote: Tue Dec 29, 2020 7:09 pm No. USPS priority mail delivery times are not guaranteed.
I know. But they never disclosed that delivery could take 23 or more days.
by gwe67
Tue Dec 29, 2020 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Any chance for refund of USPS priority mail?
Replies: 25
Views: 1708

Re: Any chance for refund of USPS priority mail?

FIREchief wrote: Tue Dec 29, 2020 7:06 pm Have you checked the online tracking?
Yes. Last update was December 24: "In Transit, Arriving Late".
by gwe67
Tue Dec 29, 2020 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Any chance for refund of USPS priority mail?
Replies: 25
Views: 1708

Any chance for refund of USPS priority mail?

We shipped some home-made goodies halfway across the U.S. via USPS priority mail. The USPS site shows that between the two zones, two day delivery is typical. This service is not guaranteed like priority mail express. However, even five day delivery would have been fine, so we went with priority mai...
by gwe67
Tue Dec 29, 2020 2:51 pm
Forum: Personal Consumer Issues
Topic: Should We Convert our Garage to an Accessory Dwelling Unit?
Replies: 25
Views: 1455

Re: Should We Convert our Garage to an Accessory Dwelling Unit?

It's really just a lifestyle decision.

Spending $125k to receive $1.8k or more in monthly rent is a good return on investment.

But $125k would buy a lot of gym memberships or hotel stays for guests.