Search found 10293 matches

by Jack FFR1846
Tue Nov 19, 2019 2:21 pm
Forum: Personal Investments
Topic: Newbie: Transfer Traditional IRA from American Century to Fidelity to lower expense ratio and have more choices?
Replies: 6
Views: 191

Re: Newbie: Transfer Traditional IRA from American Century to Fidelity to lower expense ratio and have more choices?

There's really no reason to let it sit in a money market account. Going right to the S&P 500 fund you chose is a fine choice. I hold that in my 401k at Fidelity.
by Jack FFR1846
Tue Nov 19, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Car negotiation question
Replies: 20
Views: 1006

Re: Car negotiation question

If this is a CVT model, you'll likely see billions still in inventory. We bought our 19 Crosstrek a couple months ago and even though I don't prefer the color, it had exactly what I wanted....which was nothing but premium trim with a manual 6 speed. Had I wanted a CVT, I'd have continued to work dea...
by Jack FFR1846
Tue Nov 19, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Real estate investment
Replies: 7
Views: 493

Re: Real estate investment

High risk speculation is high risk. Why are you even looking at this?
by Jack FFR1846
Tue Nov 19, 2019 9:43 am
Forum: Personal Investments
Topic: Portfolio help - pre-retirement questions
Replies: 8
Views: 448

Re: Portfolio help - pre-retirement questions

Not your main concern, but your ERs make my eyes hurt. My only suggestion: Find every fund with an ER more than 0.1%. Sell it and buy stuff that is lower than 0.1%.
by Jack FFR1846
Tue Nov 19, 2019 9:33 am
Forum: Personal Consumer Issues
Topic: Looking for a charity giving Christmas experience
Replies: 43
Views: 1792

Re: Looking for a charity giving Christmas experience

I donate to Salvation Army. With its CEO making less than $15k a year plus housing, he's not in it for the money. There's a local branch that actively helps homeless, so I can help people right in my community. On the other end of the spectrum, the CEO of United Way makes over $1.5M and of course th...
by Jack FFR1846
Tue Nov 19, 2019 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Lexis nexis error
Replies: 3
Views: 562

Re: Lexis nexis error

Steve John Williams in NYC will have a bigger problem with this than Steve John Wyzmewski in East Pigsknuckle, AL. My name is more like John Wyzmewski and I'm a junior. Lexis nexis is useless, as far as I'm concerned. They don't appear to ever look at their data. According to them, I bought a renta...
by Jack FFR1846
Mon Nov 18, 2019 10:23 am
Forum: Investing - Theory, News & General
Topic: Who are the best value managers?
Replies: 9
Views: 742

Re: Who are the best value managers?

The answer to who is the best depends on the investor and the investors goals and style. In general, the lowest cost manager is the best. In my case, the absolute best manager is me. Why? I cost me zero. I buy low cost mutual funds and ETFs at the asset allocation I've chosen. I don't pull money out...
by Jack FFR1846
Mon Nov 18, 2019 7:39 am
Forum: Personal Consumer Issues
Topic: morality, kids, tuition etc
Replies: 68
Views: 3955

Re: morality, kids, tuition etc

There's a lot to consider, some money, some not. Some kids are no psychologically ready for an away, high performance, high stress college. In DS#1's high school class, several top grade earners didn't make it through even the first semester at one such college. Perhaps they needed a bit easier coll...
by Jack FFR1846
Fri Nov 15, 2019 1:49 pm
Forum: Personal Investments
Topic: Separate $ in...retirement??
Replies: 38
Views: 3510

Re: Separate $ in...retirement??

As you treat your money separately, I would submit that you only look at your own retirement savings and calculate your own spending and then figure out if you're ok to retire and support yourself. Treating the money as his and hers is foreign to me.....with my wife having stayed home with the kids,...
by Jack FFR1846
Fri Nov 15, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Cash & Checkbook Register Reconciliation
Replies: 83
Views: 5201

Re: Cash & Checkbook Register Reconciliation

I do the same thing I did in the 70's. Write every deposit or withdrawal in the register and balance once a month. While the number of checks is small, this is the account where my dozen or so credit cards are paid for, from where I ACH to one son's college and into which all my pay goes and all che...
by Jack FFR1846
Fri Nov 15, 2019 11:19 am
Forum: Personal Consumer Issues
Topic: Wife's car hit in a parking lot - how to deal with various issues?
Replies: 62
Views: 4474

Re: Wife's car hit in a parking lot - how to deal with various issues?

Call your own insurance agent with the offender's license plate number. They will easily find all of the information you need. No, you won't file a claim, because you don't have collision, but any good agent will find out this information so you can follow up. Note that I have done this numerous tim...
by Jack FFR1846
Fri Nov 15, 2019 10:45 am
Forum: Personal Consumer Issues
Topic: Anyone switch from oil to propane?
Replies: 30
Views: 1404

Re: Anyone switch from oil to propane?

We went the opposite way. Propane has to follow ridged codes and our propane company changed from 2 smaller bottles to one big one. This was then reported by the electric company when they replaced the meter. We paid for the cost to move the propane tank and pipes around. Eventually, when our water ...
by Jack FFR1846
Fri Nov 15, 2019 8:53 am
Forum: Investing - Theory, News & General
Topic: Is the FIRE Movement Responsible for this Historic Bull Market Run
Replies: 76
Views: 6034

Re: Is the FIRE Movement Responsible for this Historic Bull Market Run

Changing laws have helped it. New employees now are often auto enrolled into a 401k and they have to opt out if that's not what they want. Others who actually hear that social security might reduce payments in the future or believe that somehow it's going away are increasing 401k contributions. I wo...
by Jack FFR1846
Fri Nov 15, 2019 8:49 am
Forum: Personal Consumer Issues
Topic: Gaming Desktop
Replies: 45
Views: 2839

Re: Gaming Desktop

Both my kids run gaming desktops. My older son's rig started around 2012. What I've seen with his system is that every couple years, he's replacing only components that need to be replaced. A motherboard when the old one dies, a graphics card, then selling the old one on eBay, buying a SS drive, upg...
by Jack FFR1846
Thu Nov 14, 2019 9:12 pm
Forum: Personal Consumer Issues
Topic: Timeshare offer experience
Replies: 103
Views: 10231

Re: Timeshare offer experience

To me using points on Fairfield Inn is the waste. Why would you waste points on something you could pay cash for? Points should be used for extravagant aspirational experiences you would never pay cash for. Well, if one were to use points at a Fairfield, they'd have the cash they would have spent t...
by Jack FFR1846
Thu Nov 14, 2019 5:31 pm
Forum: Personal Consumer Issues
Topic: Bigger car for baby?
Replies: 62
Views: 2636

Re: Bigger car for baby?

It's been a long time since my kids were babies and back then a convertible was a car but we were able to put an infant seat into my 2001 Subaru Impreza 4 door without issue. This is worlds smaller than a Camry. I guess I'd suggest to buy a smaller seat. I'd also let you know that friends and relati...
by Jack FFR1846
Thu Nov 14, 2019 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Small business records move and storage costs
Replies: 7
Views: 344

Re: Small business records move and storage costs

Can you sell the business along with the responsibility to store these records?

My parents did exactly this. Any records beyond the required storage date were shredded.
by Jack FFR1846
Thu Nov 14, 2019 2:52 pm
Forum: Personal Consumer Issues
Topic: Snow tires
Replies: 54
Views: 3503

Re: Snow tires

You also forgot to mention, every mile one puts on their set of winter tires is one less mile put on their other tires (which makes them last that much longer). So essentially, what you're spending isn't $1000 since you need to subtract out the cost of the tires. So maybe $500 is the real extra cos...
by Jack FFR1846
Thu Nov 14, 2019 2:34 pm
Forum: Investing - Theory, News & General
Topic: Wheres best place park emergency funds these days?
Replies: 26
Views: 3330

Re: Wheres best place park emergency funds these days?

May not be the absolute best....because who pays the most changes often....but I use Redneck Bank. Currently 2.25% up to $50k. I've been happy with them.
by Jack FFR1846
Thu Nov 14, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: What are the best jobs to downshift into?
Replies: 32
Views: 4291

Re: What are the best jobs to downshift into?

I think this is a question that if you asked 10 people, you'd get 15 answers, none of which will match any other answer. I found for myself, looking through some of the jobs noted, I thought to myself "I wouldn't do that for a million dollars a year" and others "I'd pay to do that". So there ya have...
by Jack FFR1846
Thu Nov 14, 2019 2:19 pm
Forum: Personal Investments
Topic: Roast my investing strategy. (Help me FIRE)
Replies: 31
Views: 3323

Re: Roast my investing strategy. (Help me FIRE)

Assuming you get what you think your house is worth....sure. Your spending will determine if it's actually enough. Moving to a low cost area will give you the ability to spend less and have a fine lifestyle. If that means a new Range Rover every year and sending your child to a $58k private school, ...
by Jack FFR1846
Thu Nov 14, 2019 2:06 pm
Forum: Personal Investments
Topic: Asset Allocation when way off target
Replies: 4
Views: 371

Re: Asset Allocation when way off target

I'd even go one step farther and say to get rid of REITs, TIPS and int bonds. Then you have 3 asset classes to juggle. Make your buys/sells in tax advantaged accounts only. I actually rebalanced today. My order was "sell $ and use proceeds to buy another fund". I plopped in my sell fund ticker, buy ...
by Jack FFR1846
Thu Nov 14, 2019 2:01 pm
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 376
Views: 114986

Re: My New Car Buying Tips

GatorGuy7’s post was timely. I have a similar dilemma, and my situation is also semi-rushed. Actually, I’ve already been managing without my car for longer than I care to remember so time is kind of the essence because I can’t let this go on much longer. Order exactly what you want. They aren't mad...
by Jack FFR1846
Thu Nov 14, 2019 1:53 pm
Forum: Investing - Theory, News & General
Topic: Why would a CPFA recommend high fee funds?
Replies: 37
Views: 1474

Re: Why would a CPFA recommend high fee funds?

"Follow the money" That's why. Your funds are fine. Why? Because you've got 2 funds worth investing in. To me, that's enough. At my work, with Fidelity, we have exactly 1 good fund. S&P 500 at 0.015% ER. That's all I need and 100% goes there for me. The rest can charge 8% for all I care. I don't nee...
by Jack FFR1846
Thu Nov 14, 2019 1:19 pm
Forum: Personal Consumer Issues
Topic: Fort Meyers or south a bit in Feb advice please
Replies: 16
Views: 946

Re: Fort Meyers or south a bit in Feb advice please

I'm no expert on the area, but stayed a week with the family, covering potential future retirement places. We stayed at a Residence Inn. Why? Short drive to Ft Myers beach, short drive to Sanibel, short drive to Target, short drive to Applebees. No interest in night life or being totally secluded. W...
by Jack FFR1846
Thu Nov 14, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Employer requesting increased travel
Replies: 36
Views: 2951

Re: Employer requesting increased travel

Preparing for the worst, I'd be ready for them to demand more travel. React by saying yes. Don't schedule travel. Find a new job. This gives you time vs you saying no, them walking you out the door and you being in a bind, trying to find a new job while unemployed.
by Jack FFR1846
Thu Nov 14, 2019 8:52 am
Forum: Personal Consumer Issues
Topic: Garage Generator Install
Replies: 44
Views: 2777

Re: Garage Generator Install

I can't give you concrete reasons, but boy....this doesn't "feel" right to me. I have a generator and the one 3 day power outage we had, I set it up outside our basement walkout, running the line into the door, with a bunch of insulation sealing air out. My fear would be that "something" might go wr...
by Jack FFR1846
Wed Nov 13, 2019 6:07 pm
Forum: Personal Consumer Issues
Topic: Bring A Trailer (car auction website)
Replies: 18
Views: 1952

Re: Bring A Trailer (car auction website)

Great information. I've gone on BaT from time to time. Sometimes to laugh at the prices people are paying, sometimes seeing a faked car pointed out by people on a car forum who really know the marque and sometimes to point and show my kids and say "I bought one of those in 1974 for $900 and they're ...
by Jack FFR1846
Wed Nov 13, 2019 11:10 am
Forum: Personal Finance (Not Investing)
Topic: adult child moving back
Replies: 34
Views: 5155

Re: adult child moving back

From a parent/child standpoint, it's your house and your rules. Write them on a paper. Hang the paper somewhere it will be visible every day. Having a 23 and 19 year old at home, I know that it's key to keep that right out there. I don't care that legally, you can do xyz. If you don't like my oppres...
by Jack FFR1846
Wed Nov 13, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: The difficulty of discarding frugality?
Replies: 110
Views: 9883

Re: The difficulty of discarding frugality?

I'm similar. I make deals with myself. For example, I really like offroading in my Jeep on weekends with a club that gets access to great properties. Protecting the Jeep means spending money on things like skid plates. I've decided that I'll spend $137 on a gas tank skid plate once my RSUs vest and ...
by Jack FFR1846
Wed Nov 13, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Are complicated credit card cash back strategies worth it?
Replies: 72
Views: 4725

Re: Are complicated credit card cash back strategies worth it?

Is all this worth it? To me, it is. I'll easily take in $1k a month. And that isn't by buying stuff I wouldn't normally buy. My latest addition is a Citizens bank Visa that gives me 5% until April. DS's community college bill for the spring is due Dec 15 and can be paid with a credit card for no fe...
by Jack FFR1846
Wed Nov 13, 2019 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Are complicated credit card cash back strategies worth it?
Replies: 72
Views: 4725

Re: Are complicated credit card cash back strategies worth it?

If your psychology has you shopping just because you can save 5% somewhere, then I would suggest you need only 0% back cards and stop shopping. If you don't shop at all, you save 100% rather than wasting 95% by using a 5% card. I tend to use an absolute ton of cards and add in master card gift cards...
by Jack FFR1846
Wed Nov 13, 2019 7:26 am
Forum: Personal Consumer Issues
Topic: Craigslist vs Kelley Blue Book cash offer for car
Replies: 6
Views: 504

Re: Craigslist vs Kelley Blue Book cash offer for car

You can try all of these, but craigslist and facebook have non-dealers who will likely pay you more. If you are scared of the risk, simply drive your car to dealers. All of them buy cars. Vroom, Carvana and Car Max are good to get an idea what you'll get. We sold a car on craigslist and also listed ...
by Jack FFR1846
Tue Nov 12, 2019 3:52 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 11211

Re: Saving seats on Southwest

I was thinking people bashing SW must have never been on Spirit. The last time I took Spirit, the plane looked very new and none of the seats reclined. That was my last flight on Spirit. I love Spirit. After getting done with the nickle and dime on the site to get the seats assigned and pay for a c...
by Jack FFR1846
Tue Nov 12, 2019 2:58 pm
Forum: Personal Investments
Topic: Buy some VYM [Vanguard High Dividend Yield]?
Replies: 31
Views: 2968

Re: Buy some VYM?

I'm no expert on VYM, but in my 10 second reading of it, does it not spill dividends? If so, you have no control over this income coming to you even if you're near a cliff. I've thought that in this kind of situation, you want the opposite. No dividends, no cap gains until YOU decide you want some c...
by Jack FFR1846
Tue Nov 12, 2019 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparents helping with college
Replies: 24
Views: 1862

Re: Grandparents helping with college

What if the grandparent writes the check directly to the college/university? Is this different from gifting money to the student or parents to pay for tuition? If the grandparent writes a check to a person, that counts towards the $15k that can be gifted without reporting and subtracting from their...
by Jack FFR1846
Tue Nov 12, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparents helping with college
Replies: 24
Views: 1862

Re: Grandparents helping with college

You can ask some questions now. Are the kids getting any need based aid? You very well may hear either no or that they're only getting Stafford loans, which are front end loaded, high interest loans which the student is 100% responsible for. The unsubsidized ones start accruing interest from day 1. ...
by Jack FFR1846
Tue Nov 12, 2019 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Will I be audited?
Replies: 51
Views: 4237

Re: Will I be audited?

I don't think there is anyone left working at the IRS to audit you. I think it has been gutted... Uh, no..... Internal Revenue Service Federal agency DescriptionThe Internal Revenue Service is the revenue service of the United States federal government. The government agency is a bureau of the Depa...
by Jack FFR1846
Tue Nov 12, 2019 1:43 pm
Forum: Personal Investments
Topic: Vanguard Index Funds vs Fidelity Managed Assets Program
Replies: 11
Views: 1135

Re: Vanguard Index Funds vs Fidelity Managed Assets Program

Holy Fees, Batman.

Adding in ERs, you're paying 10 times what I pay for fees.

And my portfolio is over $2.6M!
by Jack FFR1846
Tue Nov 12, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Selling house with no commissions,fair deal?
Replies: 38
Views: 1735

Re: Selling house with no commissions,fair deal?

There can be an offer number that has no justification or reason. If you believe you can end up with more money by selling through an agent to someone else, nothing's stopping you. There's no guaranty, however.
by Jack FFR1846
Tue Nov 12, 2019 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Cash In or Take Annual Leave
Replies: 11
Views: 1093

Re: Cash In or Take Annual Leave

I'm not federal, but have thought of this for anyone. Use the leave, starting on the date you had planned to retire. Come back and work a month. I assume you accrue more time while you're on leave and then again for that final month. You end up with more overall.
by Jack FFR1846
Tue Nov 12, 2019 9:48 am
Forum: Personal Investments
Topic: Speculating - Chesapeake Energy (CHK)
Replies: 21
Views: 1084

Re: First time Speculating - Chesapeake (CHK)

So you bought a stock that's heading into the toilet? Or did you short it?
by Jack FFR1846
Tue Nov 12, 2019 9:39 am
Forum: Personal Finance (Not Investing)
Topic: $10K wire transfer - loan to son - tax implications?
Replies: 11
Views: 1054

Re: $10K wire transfer - loan to son - tax implications?

The bank would only report $10k if you deposited it in cash.

You can GIVE your son $10k (up to $15k this year) with no reporting required.
by Jack FFR1846
Tue Nov 12, 2019 9:37 am
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 93
Views: 4827

Re: (Sigh) "Wasting" year-old smoke detector batteries...

I have a box of batteries. I'd throw them into the box. I also have a tester like the one you showed. Before using batteries for our tv remote or a flashlight or something else, I'll test it. Clocks will run years on a battery that's right on the line for dead.
by Jack FFR1846
Tue Nov 12, 2019 9:30 am
Forum: Investing - Theory, News & General
Topic: Rich people are hoarding cash
Replies: 153
Views: 23213

Re: Rich preparing for market drop

79% of respondents are greater than 50% confident that 90% of survey questions are at least 30% misleading 80% of the time.

The rest refused to answer and called the police.
by Jack FFR1846
Mon Nov 11, 2019 8:22 pm
Forum: Personal Consumer Issues
Topic: Snow tires
Replies: 54
Views: 3503

Re: Snow tires

My last Hakkas actually were studded on an S-10 pickup. I came over the crest of a hill on clear, dry road to come onto an accident. I hit the brakes, the abs kicked in and I slid forever. When I got home, I pulled all the studs out and will never again use them. They're legal during the winter in M...
by Jack FFR1846
Mon Nov 11, 2019 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: State Estate Tax Consideration
Replies: 16
Views: 970

Re: State Estate Tax Consideration

Besides the federal gift limit amount, remember that you can pay directly to colleges the bill for anyone and it does not count in any way. Also medical expenses for others.
by Jack FFR1846
Mon Nov 11, 2019 7:37 pm
Forum: Personal Consumer Issues
Topic: Snow tires
Replies: 54
Views: 3503

Re: Snow tires

Some of the best snows out there. I'm too cheap to buy them but have in the past on a car. I've run Blizzaks as well. They're good as well.
by Jack FFR1846
Mon Nov 11, 2019 3:05 pm
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 174
Views: 11633

Re: Investing $140k in cash at 1k per week

Sounds silly. Transfer $140k....buy VTI, move on.