Search found 8485 matches

by Jack FFR1846
Fri Feb 15, 2019 10:00 am
Forum: Personal Investments
Topic: Strategy for Selling Company RSUs
Replies: 13
Views: 472

Re: Strategy for Selling Company RSUs

If she likes keeping company stocks, sell the RSUs. Then buy on the open market. This now results in the short/long time becoming 1 year. My understanding (I may be wrong) is that for RSU and ESPP, long is 2 years. She would also have control of her own stocks and even if there is a company blackout...
by Jack FFR1846
Fri Feb 15, 2019 9:42 am
Forum: Personal Investments
Topic: Strategy for Selling Company RSUs
Replies: 13
Views: 472

Re: Strategy for Selling Company RSUs

I have RSUs vesting today and I do the same exact thing every time some vest. In advance, I set the actions to "with hold shares at vest" which sells instantly on vesting, with holding some random amount to pay taxes. It takes maybe 4 business days for the sale to settle, at which time, I ACH the mo...
by Jack FFR1846
Fri Feb 15, 2019 9:10 am
Forum: Personal Investments
Topic: Fixed Linked Annuities
Replies: 8
Views: 283

Re: Fixed Linked Annuities

These are great paying products. They give you the upside of the S&P 500 minus a small fee. You will be locked in for a decade or pretty much lose all your money because, understandably the insurance company has to pay their agent the 8% selling fee and a 1% fee for several years. Also, the insuranc...
by Jack FFR1846
Fri Feb 15, 2019 8:26 am
Forum: Personal Consumer Issues
Topic: Which sports car ride in Nice, France?
Replies: 8
Views: 532

Re: Which sports car ride in Nice, France?

Go with the Ferrari. Much more refined, better sound, much better chance of returning to the rental place with a fully working car. The V10 in the Gallardo (same as in an R8), and the one in a Viper sound weird. Gallardo dual clutch autos are very unreliable and have been known to self destruct when...
by Jack FFR1846
Fri Feb 15, 2019 8:19 am
Forum: Personal Consumer Issues
Topic: High Mileage Car
Replies: 19
Views: 1414

Re: High Mileage Car

I had an '88 Camry that somebody gave me in 2001. It was rather rusted out, had had the head gasket replaced, and a few quirks, but-hey, free car, right? However, it needed the CV joints replaced. OK, had the garage do it, $600 including alignment. However, every year when I took it in for inspecti...
by Jack FFR1846
Thu Feb 14, 2019 5:18 pm
Forum: Personal Investments
Topic: Girlfriend's Financial Advisor Recommendations...
Replies: 28
Views: 3022

Re: Girlfriend's Financial Advisor Recommendations...

Hmmmm. My Fidelity 401k doesn't have many good funds, but it has an S&P 500 fund, which I invest in and looks like it would be similar to her large company fund. The difference is.......If I invest $1M in my 401k, my cost is LESS than her cost, if she invests $10k.
by Jack FFR1846
Thu Feb 14, 2019 2:36 pm
Forum: Personal Consumer Issues
Topic: What's up with my snowblower?
Replies: 24
Views: 1351

Re: What's up with my snowblower?

And for other snowblower owners, just add an ounce of oil at a time, let it settle, and remeasure... True for ALL small gas engines. Hopefully, come spring, we don't have too many posts for chain saws, edgers, and lawn mowers. :D After rebuilding my Husqvarna 435 chain saw (cylinder, piston, rings)...
by Jack FFR1846
Thu Feb 14, 2019 2:00 pm
Forum: Personal Investments
Topic: Inheritance strategy...
Replies: 12
Views: 1741

Re: Inheritance strategy...

I get the impression that there are plenty of really expensive things out there you could blow this $60k on and wonder where it even went. I'd recommend sending it in as a principal payment on the mortgage. This gets it out of sight and out of mind.
by Jack FFR1846
Wed Feb 13, 2019 4:03 pm
Forum: Personal Consumer Issues
Topic: Car rental drop-off fees
Replies: 18
Views: 1597

Re: Car rental drop-off fees

As it was explained to me, rental agencies have districts. With many, if you pick up anywhere in the district, you can drop off anywhere in the district and there's no charge. Once you go over district lines, one district literally puts an employee on an airplane to retrieve their car and drive it b...
by Jack FFR1846
Wed Feb 13, 2019 3:41 pm
Forum: Investing - Theory, News & General
Topic: How do I respond to this advisor?
Replies: 30
Views: 3422

Re: How do I respond to this advisor?

Perhaps listen intently to the advisor's presentation. Then present him with your agreement to sign. For providing him with valuable and honest advice about his presentation, he will pay you 20% of all commissions he collects, AUM he takes in and kick backs from companies he represents. Seems fair, ...
by Jack FFR1846
Wed Feb 13, 2019 3:30 pm
Forum: Personal Investments
Topic: Excess Roth Contribution
Replies: 6
Views: 359

Re: Excess Roth Contribution

You should see this in your consolidated 1099 from Vanguard when the dust clears. We had excess contributions last year because our income put us into the phase out area. Our CPA told us how much to pull out of each Roth and we called Fidelity and Schwab and filled out "return of excess contribution...
by Jack FFR1846
Wed Feb 13, 2019 2:05 pm
Forum: Investing - Theory, News & General
Topic: How do I respond to this advisor?
Replies: 30
Views: 3422

Re: How do I respond to this advisor?

I would ask one simple question:

"How might I invest in small cap value as of 1970 with money I have now to invest?"

The question is no more silly than his assertion that his time period chosen results are a guarantee of future returns.
by Jack FFR1846
Wed Feb 13, 2019 10:03 am
Forum: Personal Investments
Topic: Bank Needs my Annual income for a Money Market Account?
Replies: 10
Views: 1385

Re: Bank Needs my Annual income for a Money Market Account?

or Redneck Bank Megamoney account for 2.5% up to $50k.
by Jack FFR1846
Wed Feb 13, 2019 9:58 am
Forum: Personal Consumer Issues
Topic: Ebay sale to Puerto Rico
Replies: 12
Views: 883

Re: Ebay sale to Puerto Rico

The reality is that as a seller on eBay these days, so long as the buyer wants the thing for free, they file some claim and you lose. So if this is a $12 item with $12 in shipping, you're not losing your shirt. If you're sending Eddie Van Halen's guitar for $40k, then you probably want to go sell it...
by Jack FFR1846
Wed Feb 13, 2019 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Insuring a car that you don’t drive
Replies: 24
Views: 1985

Re: Insuring a car that you don’t drive

I don't think you can do this. Most insurance companies (actually, all that I've done business with) won't let you insure drivers who don't live in your household. (Note, kids away at college are an exception because their primary residence typically remains your home.) If they lived with you, you ...
by Jack FFR1846
Wed Feb 13, 2019 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Insuring a car that you don’t drive
Replies: 24
Views: 1985

Re: Insuring a car that you don’t drive

I don't think you can do this. Most insurance companies (actually, all that I've done business with) won't let you insure drivers who don't live in your household. (Note, kids away at college are an exception because their primary residence typically remains your home.) If they lived with you, you ...
by Jack FFR1846
Tue Feb 12, 2019 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: What was your cash bonus for 2018?
Replies: 16
Views: 1257

Re: What was your cash bonus for 2018?

If you're including RSUs vesting, 2 separate quarterly bonuses that I have no idea what they're for, but get them and ESPP gains, about $50k.
by Jack FFR1846
Tue Feb 12, 2019 1:41 pm
Forum: Personal Investments
Topic: Fiduciary breach?
Replies: 3
Views: 537

Re: Fiduciary breach?

If this was in 2018, I would absolutely get in touch with the manager and demand they make it right. If it was 8 years ago, then you're a little late. I don't understand why you're still there at all. I consider leaving brokerages when they charge more than 0.07% on anything I'm interested in. It so...
by Jack FFR1846
Tue Feb 12, 2019 1:32 pm
Forum: Personal Consumer Issues
Topic: Need help with frequent week-long stays in Boston over next 18 mos
Replies: 65
Views: 3009

Re: Need help with frequent week-long stays in Boston over next 18 mos

I would be very, very careful about buying anything in Boston or the immediate connected cities (especially Cambridge) with renting via an Air BnB type arrangement. I live close enough to get local news on the radio and there have been a LOT of stories about the cities either limiting, banning or ta...
by Jack FFR1846
Tue Feb 12, 2019 11:29 am
Forum: Personal Investments
Topic: Which brokerage share securities lending profits?
Replies: 4
Views: 187

Re: Which brokerage share securities lending profits?

Lots of talk here has discussed the securities lending of Vanguard, Schwab and Fidelity. In Fidelity's case, it uses the profits to keep its Zero funds ERs at Zero. In a sense, that's sharing. I believe Vanguard puts it back into the fund, which works its way into reducing ER. I think the short answ...
by Jack FFR1846
Tue Feb 12, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Being content with your finances
Replies: 90
Views: 6385

Re: Being content with your finances

Spend less. Simple as that. If you cut your spending in half, it's like doubling your income.
by Jack FFR1846
Tue Feb 12, 2019 9:24 am
Forum: Personal Investments
Topic: Holding too much cash now?
Replies: 32
Views: 2984

Re: Holding too much cash now?

I'm closer than 4 years to retirement (I'd like it to be sometime this year, but probably will go "one more year"), and keep only enough cash (as in checking, savings, HYSA) to pay known upcoming bills, including college tuitions for 2 kids. But I have stacked, no risk investments beyond that point,...
by Jack FFR1846
Tue Feb 12, 2019 9:05 am
Forum: Investing - Theory, News & General
Topic: Benefits of Fidelity vs Vanguard
Replies: 48
Views: 4551

Re: Benefits of Fidelity vs Vanguard

To understand what works best for YOU, I like your idea of splitting in two and trying both firms. I have accounts at both. I recently "upgraded" my mutual fund account to a brokerage account so I could convert my admiral shared into ETFs and possibly move out of Vanguard. In any case, here's what I...
by Jack FFR1846
Mon Feb 11, 2019 4:12 pm
Forum: Investing - Theory, News & General
Topic: Big IRA accounts
Replies: 47
Views: 4393

Re: Big IRA accounts

Pay over MSRP for a Porsche 911 GT3 RS.
by Jack FFR1846
Mon Feb 11, 2019 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: How do I keep from becoming irrelevant
Replies: 57
Views: 7093

Re: How do I keep from becoming irrelevant

Observe. When I was the target of Megacorp's "no old people" program, I had either been in denial or just not noticed others like me, just a bit older retiring, finding new jobs, going away. After being pushed out, I had lunch with another who had been pushed out before me, hitting a magic age and h...
by Jack FFR1846
Mon Feb 11, 2019 12:32 pm
Forum: Personal Investments
Topic: Leaving Advisor - Ethics Question? [Resolved]
Replies: 50
Views: 2740

Re: Leaving Advisor - Ethics Question?

Steve is ready to do it on his own. He doesn’t need this meeting any more than he needs a bad chicken dinner annuity meeting. As I already said, move today.
by Jack FFR1846
Mon Feb 11, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: When is a car "totalled" if not at fault?
Replies: 26
Views: 2028

Re: When is a car "totalled" if not at fault?

The value of the car, according to the insurance company takes into account the low mileage of the vehicle. Their offer is always on the order of what it would cost you to go out and buy an identical car, same age, same mileage, same options. You likely can do that with the money they gave you. Most...
by Jack FFR1846
Mon Feb 11, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Need Help - DW Laid Off and Company wants her back now
Replies: 107
Views: 10701

Re: Need Help - DW Laid Off and Company wants her back now

1 year commitment......or what? Is this just a promise to stay a year, giving her word and nothing else or is it staying a year or she has to pay back that 6 weeks of pay? The problem, if there's a string attached to the 6 weeks of pay is that they could write it where they could fire her 1 day shor...
by Jack FFR1846
Mon Feb 11, 2019 9:52 am
Forum: Personal Consumer Issues
Topic: Experience with Passive building?
Replies: 9
Views: 1082

Re: Experience with Passive building?

Look into an "envelope" building. A friend has his house built this way. In short, there are air channels under the basement floor and up the walls into the upstairs living area. I don't know any other details about this. He lives in southern New Hampshire so this construction helps with both heatin...
by Jack FFR1846
Mon Feb 11, 2019 7:35 am
Forum: Personal Finance (Not Investing)
Topic: What assets are used to calculate true FIRE total?
Replies: 19
Views: 1270

Re: What assets are used to calculate true FIRE total?

You'd be a good candidate to build yourself a "life spreadsheet" where you put in all income, expenses, big purchases, big sales year by year. I have built this and limited time events like paying for college or selling a house and incomes that eventually start like social security and pension and c...
by Jack FFR1846
Sun Feb 10, 2019 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings and Inherited Property
Replies: 17
Views: 2484

Re: Siblings and Inherited Property

The price is up to them. Sure, they could just use an appraised value. It's not going to be exact and if the house were put on the market, it would likely drop 10% between offer/acceptance, repairs, taxes paid and real estate agent fees. But the siblings could agree on any number. They could pull a ...
by Jack FFR1846
Sun Feb 10, 2019 4:13 pm
Forum: Personal Investments
Topic: Leaving Advisor - Ethics Question? [Resolved]
Replies: 50
Views: 2740

Re: Leaving Advisor - Ethics Question?

If he's moving to Schwab, contact Schwab tomorrow and initiate the transfer.

There. That was pretty clean and easy.
by Jack FFR1846
Sun Feb 10, 2019 3:04 pm
Forum: Personal Consumer Issues
Topic: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)
Replies: 63
Views: 5372

Re: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)

Be careful about thinking that ANY of the buying services will get you anywhere near the best price. Walk into any Dodge dealer and tell them that you're a supplier and ask if they can do better on that set price. Every sales guy laugh and say "Oh yah, I can kill that price". Tru Car has been talked...
by Jack FFR1846
Sun Feb 10, 2019 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Pay for Grandsons college tuition with Ibonds
Replies: 6
Views: 347

Re: Pay for Grandsons college tuition with Ibonds

Sorry. The tax breaks are only for parents when used for kids college with some income restrictions and other restrictions on their age when bought, how they're titled (parent(s) names ok, kid's name not ok). Grandparents don't get a tax break. https://www.foxnews.com/story/saving-the-bond-between-g...
by Jack FFR1846
Sun Feb 10, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Crazy lady backs into my car...don't think she will pay me out of pocket
Replies: 103
Views: 9791

Re: Crazy lady backs into my car...dont think she will pay me out of pocket

Should I be on the hook for $100K for bumping your Lamborghini? Yes, you should. I'll turn the question around......would you care if some 16 year old too busy "lol'ing" on their phone and not paying attention crashed into the side of your car? The door still operates and the window still operates ...
by Jack FFR1846
Sun Feb 10, 2019 8:45 am
Forum: Personal Consumer Issues
Topic: 3 year old tires installed (Sam's club). Should I do anything about this?
Replies: 104
Views: 7771

Re: 3 year old tires installed (Sam's club). Should I do anything about this?

Interesting - it's never occurred to me to check the manufacturing date of new tires. I happened to have a set replaced last week on an SUV I bought new in the summer of 2016. I had the original tires replaced because they were getting noisy, but they still had quite a bit of thread left. When I me...
by Jack FFR1846
Sat Feb 09, 2019 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: 2 years in community college, then transfer? need opinion please
Replies: 118
Views: 5420

Re: 2 years in community college, then transfer? need opinion please

This is how our younger son will be doing college. Started this semester with one night course at CC as a part of his high school's courses. He also applied for and received a CC non-need based scholarship. $700 for 1 course, $500 scholarship. Many Mass state and private colleges have links with CC ...
by Jack FFR1846
Sat Feb 09, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Help understanding Restricted Stock Units (RSUs)
Replies: 16
Views: 606

Re: Help understanding Restricted Stock Units (RSUs)

There are a number of ways to treat RSUs on vest. But first, the basis is zero. You're given the stock. The first is that you can keep the shares. You pay the tax on FMV on the date they vest. So if they go down, you take a loss and already paid tax on their value. You can sell all on vest. Same tax...
by Jack FFR1846
Sat Feb 09, 2019 8:36 am
Forum: Personal Consumer Issues
Topic: Wasting Electricity for Fun and Profit
Replies: 58
Views: 5338

Re: Consuming Electricity for Fun and Profit

This market is ripe for what's happened in the cell phone world. I was with AT&T for 20 years and when changing jobs, requiring I get my own phone, I dumped the X free minutes plus tax plus fee plus graft and corruption charge plus 911 fee plus OU812 fee for Cricket who gives me THE price. Nothing b...
by Jack FFR1846
Fri Feb 08, 2019 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card issue. Pay in full or settle?
Replies: 24
Views: 2110

Re: Credit card issue. Pay in full or settle?

Offer the debt collectors the couches.
by Jack FFR1846
Fri Feb 08, 2019 3:06 pm
Forum: Personal Consumer Issues
Topic: Satellite radio pricing ridiculousness
Replies: 54
Views: 3803

Re: Satellite radio pricing ridiculousness

I just turn on my radio and it works. There's not even a quarter slot on the dash to put money in.
by Jack FFR1846
Fri Feb 08, 2019 3:03 pm
Forum: Personal Consumer Issues
Topic: Describe doing new car purchase paperwork when you collect the car
Replies: 30
Views: 1458

Re: Describe doing new car purchase paperwork when you collect the car

All this stuff is state dependent. If you buy from an out of state dealer, will he register the car for you? Some do, some don't. If they don't, how will you get to DMV to register and pick up plates, or will you need temporary plates to drive the car? If you transfer the reg and plates from your e...
by Jack FFR1846
Fri Feb 08, 2019 12:43 pm
Forum: Personal Investments
Topic: Lost Job - Paying off Mortgage or Not
Replies: 14
Views: 1645

Re: Lost Job - Paying off Mortgage or Not

I'd rethink leaving real estate to kids. Several of my friends have had only the family home left to divide among siblings and it was a clown show each and every time leading to disagreements, fights and resentment. Should the home be renovated? If so, everyone is expected to do equal work (and won'...
by Jack FFR1846
Fri Feb 08, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Nightmare [Problem with estate planning attorney]
Replies: 32
Views: 3389

Re: Estate Planning Nightmare

Was your understanding not set by the attorney when you hired him and gave him a retainer? I know in my own dealings, my attorney charges his fee to the 1/10 hour (6 minutes) based on an hourly rate. I do understand that some agreements are instead to charge a set fee for a set task and I've done th...
by Jack FFR1846
Fri Feb 08, 2019 9:33 am
Forum: Personal Investments
Topic: Critique this Real Estate investment idea
Replies: 31
Views: 2028

Re: Critique this Real Estate investment idea

Sorry, as I see it you will continually lose money until you've had it, then you'll sell at a loss.

If you put the money into the S & P 500, you will make money, it won't put holes in your walls and steal all the light bulbs on the way out the door and won't fail to pay dividends periodically.
by Jack FFR1846
Fri Feb 08, 2019 8:32 am
Forum: Personal Investments
Topic: Merrill Edge or Fidelity
Replies: 32
Views: 1885

Re: Merrill Edge or Fidelity

I would be really angry at that 1.75% plus whatever the ERs are on the funds you're in. On principal alone, I would have Fidelity pull everything out today. Right now. You can open an account online with Fidelity and likely do the complete transfer online. They'll want a PDF of your last statement o...
by Jack FFR1846
Fri Feb 08, 2019 7:21 am
Forum: Personal Consumer Issues
Topic: Describe doing new car purchase paperwork when you collect the car
Replies: 30
Views: 1458

Re: Describe doing new car purchase paperwork when you collect the car

Everything is completely state dependent. In Massachusetts, there is no such thing a s temporary tag. Some dealers are "Drive" dealers who can register the car and issue a license plate. Understand that any "Doc fee" is NOT specifically for doing documentation. Ask the dealer what it includes. Somet...
by Jack FFR1846
Thu Feb 07, 2019 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: AA cancelled flight - results.
Replies: 31
Views: 2806

Re: AA cancelled flight - results.

Did you ever find out what gates were for arrival and departure in Miami? Not PHL, but from BOS, we've flown through Miami many times and the BOS arrival gate has always been literally across the aisle from the AUA departure gate, same on return. So only a few minute transfer time would be more than...
by Jack FFR1846
Thu Feb 07, 2019 3:27 pm
Forum: Personal Consumer Issues
Topic: Mazda Miata as Daily Commute Fun Car?
Replies: 93
Views: 4597

Re: Mazda Miata as Daily Commute Fun Car?

Sure, a new Mazda 3 is more reliable than a GTi. But a new 3 is nowhere near as fun and sports car like as the old ones were. It's grown too big and wallowy. The GTi has not. Yes, I've driven both with proper manual transmissions. Just to put the 6 footers at ease about a Miata.....The friend who I ...