Search found 7605 matches

by Jack FFR1846
Mon Sep 24, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay for upcoming medical / IVF expenses
Replies: 43
Views: 2033

Re: How to pay for upcoming medical / IVF expenses

We did several IVF cycles including some procedure that's a step farther (sorry, forgot what it's called). All for just insurance copay because insurance companies MUST cover this to offer health insurance in Massachusetts. All failed. We adopted twice. So we paid far more than full boat IVF would h...
by Jack FFR1846
Mon Sep 24, 2018 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Does it make sense to own two different total stock index funds?
Replies: 16
Views: 823

Re: Does it make sense to own two different total stock index funds?

To prevent a wash sale when tax loss harvesting. If you sell a fund at a loss and claim a deduction, you can't hold another almost identical fund without triggering a wash. Correct me if I'm wrong, the issue is not simply holding shares of the same fund that you just sold and claimed the loss on, i...
by Jack FFR1846
Mon Sep 24, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Fed up with health insurance situation
Replies: 28
Views: 1544

Re: Fed up with health insurance situation

You have to also watch the insurance company like a hawk. I'm fortunate that my wife worked for many years for one of these insurance HMOs and for utilization review groups who would find insurance company mistakes. Our current issue (of many, many, many) is that we've hit our out of picket max on p...
by Jack FFR1846
Mon Sep 24, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Buying leased car options
Replies: 2
Views: 225

Re: Buying leased car options

Ask the dealer if they have financing better than 3%. I once bought a Subaru where they did that so I didn't have to walk 200 yards to my credit union to pick up a check.
by Jack FFR1846
Mon Sep 24, 2018 10:21 am
Forum: Personal Consumer Issues
Topic: Acoustic Pianos
Replies: 24
Views: 865

Re: Acoustic Pianos

Sorry, but I have to say it. Craigslist free section and pay movers. Go check out that the piano plays and can be tuned. There are tons of free pianos around. Heck.....my father in law tried to give us his and we stiff armed him. If you gotta buy new, then I got nothing.
by Jack FFR1846
Mon Sep 24, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: How to evaluate a pay package of a startup
Replies: 9
Views: 742

Re: How to evaluate a pay package of a startup

I've been offered a large percentage of my pay package in equity rather than salary even with established companies. I have always negotiated to increase my salary as much as possible for reduced equity. I value equity at barely more than zero. In about 80% of the jobs I've taken, my valuation of eq...
by Jack FFR1846
Mon Sep 24, 2018 9:52 am
Forum: Personal Consumer Issues
Topic: Where are the hybrid or fully electric two seater commuting vehicles?
Replies: 40
Views: 1210

Re: Where are the hybrid or fully electric two seater commuting vehicles?

In my state, any vehicle with less than 4 wheels is defined as a motorcycle. This makes inspection easier and options reduced but requires a motorcycle license to drive and you'd have to wear a helmet and eye protection. Not exactly a comfortable way to go. This is changing. Even if Elio never gets...
by Jack FFR1846
Mon Sep 24, 2018 9:23 am
Forum: Personal Consumer Issues
Topic: Where are the hybrid or fully electric two seater commuting vehicles?
Replies: 40
Views: 1210

Re: Where are the hybrid or fully electric two seater commuting vehicles?

In my state, any vehicle with less than 4 wheels is defined as a motorcycle. This makes inspection easier and options reduced but requires a motorcycle license to drive and you'd have to wear a helmet and eye protection. Not exactly a comfortable way to go. The Honda CR-Z was a great 2 seat commuter...
by Jack FFR1846
Mon Sep 24, 2018 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Any reason to leave the 401(k) with previous employer open
Replies: 16
Views: 1209

Re: Any reason to leave the 401(k) with previous employer open

My wife's 401k was left with Fidelity for 15 years. At the turn of the year, 2 years ago, an administration cost was added. Rolled over the first business day.

Keeping in a 401k helps with respect to Roth conversions. Also, in some states it's more protected from legal action.
by Jack FFR1846
Sun Sep 23, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Strategy for Maximizing College Financial Aid and Minimizing Taxes
Replies: 7
Views: 678

Re: Strategy for Maximizing College Financial Aid and Minimizing Taxes

I found it very useful to print out a PDF of the entire FAFSA with all the tables. It helped me understand the priorities in where income and assets are best. For example, my kid had $0 in his accounts. Unfortunately, you have lots of assets like I did outside of protected areas. Paying off your hou...
by Jack FFR1846
Sun Sep 23, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Emotional Investor - I'm a mess and need help!
Replies: 71
Views: 4349

Re: Emotional Investor - I'm a mess and need help!

You need a new hobby so you won't have time to screw up your investments. I would suggest buying a Spec Miata and going racing with SCCA. Start out in autocross to get things going, then get your track schools out of the way and get signed off for competition. Then it's off to the races (literally)....
by Jack FFR1846
Sat Sep 22, 2018 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: How to fund education for grandchildren: various strategies? Help?
Replies: 23
Views: 1251

Re: How to fund education for grandchildren: various strategies? Help?

I really like US Savings bonds. They're clean, easy and can be controlled by you with the grandkids as beneficiaries. I've invested in bonds myself, and been happy that they're there a number of times where we then had a choice to simply sell some and pay for an expense without issue.
by Jack FFR1846
Fri Sep 21, 2018 2:15 pm
Forum: Personal Consumer Issues
Topic: My Very First Smartphone — Please Critique This Plan
Replies: 102
Views: 4653

Re: My Very First Smartphone — Please Critique This Plan

$800 for a phone?! I hope there's a 5 year old Civic attached to it.

Most I've paid for an iPhone ever is $100. I did buy a brand new somethingorother android phone for my son for Christmas that altogether with Cricket ended up costing $200.
by Jack FFR1846
Fri Sep 21, 2018 7:39 am
Forum: Investing - Theory, News & General
Topic: A bump on the road from active to passive
Replies: 30
Views: 2838

Re: A bump on the road from active to passive

Stop looking at past performance. Callan's periodic table of returns certainly brings that point home. In short, it shows how the top performing funds one year are the absolute worst the following year a number of times. ER will tell you how you're going to do going forward. As mentioned, stocks ten...
by Jack FFR1846
Thu Sep 20, 2018 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie with no idea where to invest
Replies: 18
Views: 1036

Re: Newbie with no idea where to invest

So I can't help but first comment on Dave Ramsey. Although he is absolutely the right guy to get you out of debt when you don't understand how you could be overdrafted because you still have checks in your checkbook. But he is dead wrong on investing. He has a huge conflict of interest, getting mone...
by Jack FFR1846
Thu Sep 20, 2018 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Universal Life article in WSJ 9/20/18
Replies: 14
Views: 1512

Re: Universal Life article in WSJ 9/20/18

If you have a WL policy, get an in force illustration. Although not WL, I had a Universal Life policy for $100k death benefit at $393 per year. The policy was 27 years old and when I looked at the illustration, one thing that stuck out was that the monthly insurance premium was $69. Now, maybe I hav...
by Jack FFR1846
Thu Sep 20, 2018 9:38 am
Forum: Personal Consumer Issues
Topic: Don't trust Tripadvisor reviews
Replies: 64
Views: 6682

Re: Don't trust Tripadvisor reviews

Perhaps delete it again. Include only one, clear picture.
by Jack FFR1846
Thu Sep 20, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Another mortgage repayment thread..
Replies: 30
Views: 2180

Re: Another mortgage repayment thread..

Find a zero cost HELOC. Then pay down the mortgage. It's what I did.
by Jack FFR1846
Thu Sep 20, 2018 8:10 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 737
Views: 70277

Re: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)

More fun on my little experiment, having split my equity position between fstvx and fzrox evenly.

Today's difference on $332k'ish in each account......$1.88
by Jack FFR1846
Thu Sep 20, 2018 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 136
Views: 7583

Re: Physical Banking - Any benefits anymore?

I use internet banks for the higher interest rates......but.... I use Digital Credit Union as my home base. From there: I use their free coin machine I cash paper US Savings bonds, which are instantly available for withdrawal from my DCU account I get free notary If somehow I overdraw my checking ac...
by Jack FFR1846
Thu Sep 20, 2018 6:05 am
Forum: Personal Consumer Issues
Topic: Is there any info on old sim cards?
Replies: 8
Views: 727

Re: Is there any info on old sim cards?

In the microwave for 15 seconds.
by Jack FFR1846
Wed Sep 19, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3071

Re: What's the best early retirement strategy for us?

You need to prepare more. Upping to $150 per pay period? I would think you would want to be putting more like a grand per period between the two of you. How do you plan to pay for health insurance? I understand you're figuring that selling the house will pay for the truck and trailer. Ok, for the tr...
by Jack FFR1846
Wed Sep 19, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: Should I bother meeting with a Chase Private Client Rep
Replies: 44
Views: 3386

Re: Should I bother meeting with a Chase Private Client Rep

If you like going to time share presentations so much that you would go even without a substantial prize being dangled before you, then sure. Come to think of it....why not just go to a time share presentation. Or maybe a bad chicken dinner presentation. It's much harder to dart out of a meeting one...
by Jack FFR1846
Wed Sep 19, 2018 9:32 am
Forum: Personal Consumer Issues
Topic: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help
Replies: 82
Views: 3341

Re: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help

Thinking about this some more...... How about this? At the end of the lease, turn in the car. Open a Zip Car account. Drive a Zip Car when you need a car. No insurance, no registration, no taxes, no depreciation. If you don't feel like driving, call up a Lyft.
by Jack FFR1846
Wed Sep 19, 2018 9:14 am
Forum: Personal Consumer Issues
Topic: Should I bother meeting with a Chase Private Client Rep
Replies: 44
Views: 3386

Re: Should I bother meeting with a Chase Private Client Rep

Find an old clip of Peewee Herman's Saturday morning show. It will make more sense and have less nonsense than whatever this clown has to say. It'll also cost you less money.
by Jack FFR1846
Wed Sep 19, 2018 9:12 am
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 220
Views: 14862

Re: What is your single most expensive mistake?

Mine are all car related. 1976: Did not buy any of these 3 cars: Plymouth Superbird for $2500 67 427 4 speed Corvette coupe for $2500. (owner wanted to buy a Corvette race car) 63 1/2 Ford lightweight. Owner had 2. Again $2500. More recently: Sold my 1990 BMW M3 with 51k miles on it for $15k in 1997...
by Jack FFR1846
Wed Sep 19, 2018 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Debt Repayment
Replies: 34
Views: 1416

Re: Student Loan Debt Repayment

Sell the town house. It's making you less than you're paying in student loan interest. No brainer. Of course, pay off the HIGHEST interest loans first. Snowball is for people who don't know how to save and don't know how to pay their bills. Avalanche (highest interest first) is what engineers, mathe...
by Jack FFR1846
Wed Sep 19, 2018 7:02 am
Forum: Personal Consumer Issues
Topic: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help
Replies: 82
Views: 3341

Re: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help

So you have a car that's worth $22k and you're considering buying it for $32k? If you want a closer feel to a BMW, drive a VW GTi. Much more solid, like all German cars. Less tin can with wheels zip tied like an Accord would feel. With the new warranty that VW has, it's worth consideration. Big disc...
by Jack FFR1846
Wed Sep 19, 2018 6:16 am
Forum: Personal Consumer Issues
Topic: State Farm nickel-and-diming me
Replies: 61
Views: 5211

Re: State Farm nickel-and-diming me

If you believe by some magical protective cloak that your insurance company does not already know about the accident, I have a bottle of pixie dust I'll sell you. Just stop it. Let your insurance company handle the whole thing. I've had similar kinds of accidents. I report it to MY insurance company...
by Jack FFR1846
Tue Sep 18, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: New car - 0% loan or $500 rebate
Replies: 26
Views: 1943

Re: New car - 0% loan or $500 rebate

You don't need the loan. You don't need a higher credit score. Think of it this way....if the sales guy asked "If you want to take out a loan, give me $500 and I'll get you one for no interest", would you pull cash out of your pocket to take out the loan that you don't need?
by Jack FFR1846
Tue Sep 18, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: Honda Lawnmower Warranty Issue
Replies: 17
Views: 795

Re: Honda Lawnmower Warranty Issue

I've got a Honda mower that's about 5 years old. I put whatever crap gas I have hanging around. It continues to run fine.
by Jack FFR1846
Tue Sep 18, 2018 8:35 am
Forum: Personal Consumer Issues
Topic: Consumer Issue - Storage Unit Rental
Replies: 14
Views: 1122

Re: Consumer Issue - Storage Unit Rental

Honestly.....craigslist.....yard sale.....eBay. Unload the things that you need to store.
by Jack FFR1846
Tue Sep 18, 2018 8:10 am
Forum: Personal Consumer Issues
Topic: Is this a potentially dangerous electrical issue that needs to be addressed?
Replies: 19
Views: 2040

Re: Is this a potentially dangerous electrical issue that needs to be addressed?

From both a safety and practicality point of view, you want the outlet shut off, for sure before working on it. What I tend to do is to plug in something that I can easily hear from the basement, where my breaker box is. I shut off the breaker and make sure that the thing making noise no longer is m...
by Jack FFR1846
Mon Sep 17, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4527

Re: Dilemma: Add room to current house or buy new house?

Yes. I agree completely with you. In fact, that is how we have always been. We came from nothing. She studied to be a doctor (which we took massive private loans for while living like bachelors) and I am an engineer. We saved aggressively by renting single bedroom apartments and a small house (afte...
by Jack FFR1846
Mon Sep 17, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs. EJ vs. Fidelity
Replies: 13
Views: 975

Re: Vanguard vs. EJ vs. Fidelity

The fact that your company is moving the 401k doesn't mean that you can move your account anywhere. Have you been given the option to move it? If not, you may have to quit to get that option.
by Jack FFR1846
Mon Sep 17, 2018 12:29 pm
Forum: Personal Consumer Issues
Topic: 2018 Forester vs CRV vs RAV4
Replies: 140
Views: 16826

Re: 2018 Forester vs CRV vs RAV4

I used to pick my son up from school in one of these. I'll assume you know that none of the kids in the school busses were hanging out the windows to look at all those mini vans quite the same way as they did with the Cobra. https://static.cargurus.com/images/site/2016/04/10/10/24/1965_shelby_cobra-...
by Jack FFR1846
Mon Sep 17, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4527

Re: Dilemma: Add room to current house or buy new house?

scorp_pccorp wrote:
Mon Sep 17, 2018 10:24 am
So the 1st floor is only around 2000sqft with a very big family room.
Only?

This is bigger than my first 3 br house.....including my garage and 3 season porch. This is in no way small.
by Jack FFR1846
Mon Sep 17, 2018 10:24 am
Forum: Investing - Theory, News & General
Topic: Equity allocation for Flagship clients?
Replies: 47
Views: 3798

Re: Equity allocation for Flagship clients?

My AA is 50/50. This helps me to sleep well at night. This. For me. Exactly. I am still accumulating for a short time longer. My expense to portfolio ratio is just about 2%. I am a huge "safety net" guy, thus have saved more than most would for my spending. I'm not flagship as most of my portfolio ...
by Jack FFR1846
Mon Sep 17, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4527

Re: Dilemma: Add room to current house or buy new house?

There will always be a friend with a bigger house......

You can't buy your way out of this problem.
by Jack FFR1846
Mon Sep 17, 2018 9:24 am
Forum: Investing - Theory, News & General
Topic: “Costly race to bottom on mutual fund fees”
Replies: 13
Views: 1772

Re: “Costly race to bottom on mutual fund fees”

“ With the exception of Warren Buffett, the evidence on buy-and-hold investing is somewhat mixed .” Really? They must not have seen the Fidelity report on their 401k account holders where they concluded that those who left the account alone the longest did the best. Or what some describe as "dead" ...
by Jack FFR1846
Sun Sep 16, 2018 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 152
Views: 11131

Re: Considering Quitting Job - Seeking Advice. Would you do it?

I have found that employers are universally willing to let employees like you work 24/7 to avoid hiring another person. Stop it! If they won't properly staff up, stuff won't get done. In the middle of my career, I saw myself extending hours like you are and specifically forced myself to stop it. 5:0...
by Jack FFR1846
Sun Sep 16, 2018 6:29 am
Forum: Investing - Help with Personal Investments
Topic: Opinions on American Funds
Replies: 28
Views: 1867

Re: Opinions on American Funds

They don't advertise? Really? They have a 12b-1 fee which is for marketing, which if it's not advertising, what is it? The advisor is lying. What a surprise. AF is behind the times with fee reductions. While BHs rage about the differences between a 0%, 0.015%, 0.04% fee, AF is charging 0.6% minimum ...
by Jack FFR1846
Fri Sep 14, 2018 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Small cap tilt
Replies: 85
Views: 5279

Re: Small cap tilt

I watched a recent Bogle interview where he explained how SCV is only one of the latest trends where it looks like it's outperforming, everyone buys, the price of entry exceeds the outperformance, and we're back to no advantage. I'll sit on my haystack and watch the trendy stuff blow by. No tilt here.
by Jack FFR1846
Fri Sep 14, 2018 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund vs EJ
Replies: 16
Views: 996

Re: 3 fund vs EJ

Past performance is no guarantee of future returns.

High indicated fees are a guarantee of high indicated fees.
by Jack FFR1846
Fri Sep 14, 2018 10:07 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 142
Views: 10208

Re: Age in Bonds - Still Recommended?

It's a starting point and something to easily set up when you have absolutely no idea. When I first looked at what I held (went decades just randomly choosing funds), I was 99% equity at 50 years old. I looked at age in bonds and decided to go age minus 10 as I learned more. Now, I'm 61 and have dec...
by Jack FFR1846
Fri Sep 14, 2018 9:45 am
Forum: Personal Consumer Issues
Topic: How to determine quality of a finished new construction home
Replies: 45
Views: 2928

Re: How to determine quality of a finished new construction home

If the house is built by a big builder who uses one real estate agency exclusively, ask another real estate agent. Our town had a huge development going in. The houses were 20% larger than another development on the other side of town for the same price. While looking at an existing house (in neithe...
by Jack FFR1846
Fri Sep 14, 2018 7:55 am
Forum: Investing - Help with Personal Investments
Topic: What can you homegrown financial management spreadsheet do?
Replies: 21
Views: 1242

Re: What can you homegrown financial management spreadsheet do?

Mine is built in Excel with no links and stored on a flash drive. Contains each house (fidelity, Schwab, Vanguard, etc) with each fund listed. Color coded blue for equity, purple for bond and red for international equity. Black for US Savings bonds. Each fund moving across has amount, % of total, ER...
by Jack FFR1846
Fri Sep 14, 2018 7:43 am
Forum: Investing - Help with Personal Investments
Topic: Best tool/way to manage the a portfolio of multiple accounts
Replies: 22
Views: 1267

Re: Best tool/way to manage the a portfolio of multiple accounts

I built my own Excel spreadsheet which tells me everything I want to know. I do not track cash within any asset allocation category, only for net worth. My "available assets" including bank/credit union accounts and taxable accounts are written on a note page on my peg board in front of me. All of m...
by Jack FFR1846
Fri Sep 14, 2018 7:37 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 491
Views: 72725

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

I guess there is no alternative. Change engine oil every 3000 miles or three months whichever come 1st. You can smell the dip stick to see if you have fuel dilution problem. If it smells gas, then you have problem. Avoid frequent short tip is also recommended. I'm glad I don't own one of these. I w...