Search found 2238 matches

by ralph124cf
Mon Jun 17, 2019 6:18 pm
Forum: Personal Consumer Issues
Topic: Cancel collision coverage on older car?
Replies: 79
Views: 6279

Re: Cancel collision coverage on older car?

A few people have mentioned that one reason to keep the collision insurance is so that car rental insurance can be declined. While I compleatly agree with this reasoning, there are a couple of caveats. First, in the case that a rental car is totaled, the car rental company will probably require tha...
by ralph124cf
Mon Jun 17, 2019 4:09 am
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4079

Re: Selling Business for 2.5 Million - Where to go NEXT?

I consider $2700/mo. rent on a $275K townhouse to be a very reasonable rent. Plano, TX has a property tax of about 2.2% of the value of the home per year, so this would reduce your returns by $6,000/yr. You would also normally pay 1%-3% of the value of the townhouse for homeowner assiciation dues, d...
by ralph124cf
Fri Jun 14, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Benefits of becoming an independent contractor
Replies: 37
Views: 2917

Re: Benefits of becoming an independent contractor

You have mentioned that you live in California. California is a real pain for small incorporated businesses. For that reason only I would choose to be a sole proprietor.

Ralph
by ralph124cf
Fri Jun 14, 2019 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Pension plus savings vs defined contribution plan for new teacher
Replies: 11
Views: 972

Re: Pension plus savings vs defined contribution plan for new teacher

Some states give a pension instead of Social Security. If there is other work history, then SS is reduced by some percentage of the teacher's pension.

If she files for spousal SS benefits then these are also reduced.

For these reasons I would suggest the defined contribution plan.

Ralph
by ralph124cf
Sun Jun 09, 2019 5:30 pm
Forum: Personal Consumer Issues
Topic: Gift for niece who is graduating as a Physician Assistant.
Replies: 33
Views: 3076

Re: Gift for niece who is graduating as a Physician Assistant.

I find the responses here interesting. I posted a similar question here several years ago, when a niece was throwing a party to celebrate graduating with a Masters in Physical Therapy.

Almost unanimously, Bogleheads told me that a gift was not really appropriate for a graduate degree.

Ralph
by ralph124cf
Fri May 24, 2019 8:52 pm
Forum: Personal Investments
Topic: Does it make economic sense to do a Roth conversion at 70 years of age and beyond?
Replies: 7
Views: 1519

Re: Does it make economic sense to do a Roth conversion at 70 years of age and beyond?

Good evening Hokey! You & your DW should check with social security regarding spousal benefits. I believe that she may well be entitled to be bumped up to 50% of your total benefit, when you finally file. It’s worth looking into. https://www.ssa.gov/planners/retire/applying6.html Brad She would onl...
by ralph124cf
Fri May 24, 2019 5:11 pm
Forum: Personal Investments
Topic: Can I open a Roth for daughter's birthday present?
Replies: 13
Views: 1291

Re: Can I open a Roth for daughter's birthday present?

LadyGeek wrote:
Fri May 24, 2019 3:49 pm
^^^ I have a chain saw...

The wiki has some background info: Accounts for children
Hi Lady.

But did your husband give it to you as an anniversary present?

Ralph
by ralph124cf
Fri May 24, 2019 3:19 pm
Forum: Personal Investments
Topic: Can I open a Roth for daughter's birthday present?
Replies: 13
Views: 1291

Re: Can I open a Roth for daughter's birthday present?

Whatever you DO NOT tell her it is her birthday present.

This is the equivalent of giving your wife a chain saw for your anniversary present.

Ralph
by ralph124cf
Thu May 23, 2019 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Double deduction for HRA + HSA?
Replies: 7
Views: 628

Re: Double deduction for HRA + HSA?

It appears that the only time you would want both is if you wanted to contribute more than the limit of a single plan.

Ralph
by ralph124cf
Wed May 22, 2019 5:06 pm
Forum: Personal Consumer Issues
Topic: Epson Perfection v750, v800 or v850 Scanner?
Replies: 8
Views: 475

Re: Epson Perfection v750, v800 or v850 Scanner?

Consider the CZUR ET 16 or 18 document scanner. Very versatile, and a little lower in price.

Ralph
by ralph124cf
Wed May 22, 2019 4:47 pm
Forum: Personal Consumer Issues
Topic: Frustration dealing with contractors....am I doing something wrong?
Replies: 43
Views: 4475

Re: Frustration dealing with contractors....am I doing something wrong?

This might seem a little off the wall, but it is possible for you to buy workers comp insurance yourself. This would allow you to hire people without insurance at a cheaper rate than if they had the insurance. This is not particularly cheap, and DO NOT lie to the insurance company about what the wor...
by ralph124cf
Tue May 21, 2019 11:58 pm
Forum: Investing - Theory, News & General
Topic: How does the charitable fund deduction work?
Replies: 20
Views: 1039

Re: How does the charitable fund deduction work?

Important: Does the stock have a gain or a loss? If the stock has gone down since purchase, sell the stock, take the loss on your taxes, then donate the cash and take the deduction. If the stock shows a gain, donate the stock in kind. You will not have to show capital gains on your tax form, but you...
by ralph124cf
Tue May 21, 2019 4:02 pm
Forum: Investing - Theory, News & General
Topic: TIAA changes Advisory materials after complaints
Replies: 3
Views: 413

Re: TIAA changes Advisory materials after complaints

The TIAA annuities, EXCEPT for the traditional annuity, are quite complex variable annuities, with about an 80 page explanation. Much of the complexity comes from an upfront assumption of a 4% yearly increase in the underlying asset, which is baked into the payout. There is also the choice by the an...
by ralph124cf
Fri May 17, 2019 3:56 am
Forum: Personal Consumer Issues
Topic: Booking a cruise - any differences in how/where?
Replies: 37
Views: 3373

Re: Booking a cruise - any differences in how/where?

If you are retired and flexible in your dates, you can get fantastic deals at the last minute. I always recommend choosing the cruise line first, and then the trips. Remember that "all inclusive" means different things on different lines.

Ralph
by ralph124cf
Thu May 16, 2019 5:59 pm
Forum: Investing - Theory, News & General
Topic: Will ETFs Replace Traditional Funds
Replies: 87
Views: 4928

Re: Will ETFs Replace Traditional Funds

You can do limit orders and trailing stop orders on ETFs but not mutual funds.

Ralph
by ralph124cf
Thu May 16, 2019 5:29 pm
Forum: Personal Investments
Topic: 29yo Investment Plan Review
Replies: 17
Views: 2076

Re: 29yo Investment Plan Review

I like your choice of taking the self directed investing plan for the profit sharing. The investment choices in the company provided plan has some real stinkers.

Ralph
by ralph124cf
Thu May 16, 2019 4:21 pm
Forum: Personal Investments
Topic: Criticism of my portfolio, please?
Replies: 9
Views: 1131

Re: Criticism of my portfolio, please?

One reason to turn off dividend reinvestment in a taxable account is that it creates many different tax lots for when you do a partial sale. Each of those lots will have to be accounted for at tax time.

Ralph
by ralph124cf
Mon May 13, 2019 4:20 pm
Forum: Personal Consumer Issues
Topic: Heating with propane?? Good idea?
Replies: 38
Views: 1951

Re: Heating with propane?? Good idea?

Consider a ground source heat pump.

High upfront costs, low operating cost. You do need enough property for the installation.

Ralph
by ralph124cf
Mon May 13, 2019 4:14 pm
Forum: Personal Consumer Issues
Topic: Mosquito Magnet
Replies: 4
Views: 718

Mosquito Magnet

I have been looking at these machines for a number of years, but each time I look at the reviews the reliability and customer service is really bad. From the reviews, when they work, they really work great. Many, many reviews mentioned that the machine worked great the first year, then totally stopp...
by ralph124cf
Mon May 13, 2019 4:04 pm
Forum: Personal Consumer Issues
Topic: Regulate Office Temperature
Replies: 31
Views: 2218

Re: Regulate Office Temperature

All air conditioners work by moving heat from one place to another. They also produce waste heat as a byproduct of their motors. If you don't mind sticking a 5" diameter hose out of your office door, and heating up the hall or other workers spaces, then there are a number of portable air-conditioner...
by ralph124cf
Sun May 12, 2019 10:05 am
Forum: Personal Investments
Topic: Use 8.1 % of assets for12.5 monthly income?
Replies: 21
Views: 1968

Re: Use 8.1 % of assets for12.5 monthly income?

As others have said, you seem to be on the young side to be buying an SPIA. Try running the numbers for starting ages of 70 and 75.

Ralph
by ralph124cf
Sat May 11, 2019 11:58 am
Forum: Personal Consumer Issues
Topic: What kind of ?contractor? to fix bird holes in soffit/fascia?
Replies: 28
Views: 1280

Re: What kind of ?contractor? to fix bird holes in soffit/fascia?

If this a "townhouse", that is an attached row house, the exterior MAY be the responsibility of your community association. Check before contracting for any exterior work.

The definition of "townhouse" varies from state to state.

Ralph
by ralph124cf
Fri May 10, 2019 6:24 pm
Forum: Personal Investments
Topic: tech funds
Replies: 30
Views: 2767

Re: tech funds

With no ROTH, and retired living off savings, this is the ideal time to do transfers from IRA to ROTH at super low tax rates.

Ralph
by ralph124cf
Thu May 09, 2019 4:45 pm
Forum: Personal Consumer Issues
Topic: Does one need a local driver's license to buy and register a car?
Replies: 9
Views: 819

Re: Does one need a local driver's license to buy and register a car?

Many people own and garage cars in multiple states. You don't have to reside in a state to register a car there. Actual current home address is needed for mail purposes. After the move he will need to change his drivers license.

Ralph
by ralph124cf
Thu May 09, 2019 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Starting SS question
Replies: 14
Views: 1549

Re: Starting SS question

I remember that there is a little twist in the rules about the optimum month to start with respect to either the end of the year, or when the yearly inflation adjustment occurs.

Does anybody have this info in their brain bank?

Ralph
by ralph124cf
Wed May 08, 2019 8:06 am
Forum: Personal Consumer Issues
Topic: Rarely used items that are worth having?
Replies: 112
Views: 11284

Re: Rarely used items that are worth having?

I bought the Champion Dual Fuel generator 8400 watts from Costco a few years ago, it's calibrated to be safe to use with electronics. Some of the other generators including the one sold on Amazon may not have that same calibration. How did you calibrate it? I didn't, the manufacturer calibrates it ...
by ralph124cf
Tue May 07, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Responding to inquiry re:underpaid tax on used car
Replies: 20
Views: 1810

Re: Responding to inquiry re:underpaid tax on used car

I would send them a copy of the paperwork and a handwritten note saying that you don't know how to do the affidavit. Using a handwritten note instead of a typed letter would help give the impression that following up with you to get the affidavit might be harder. I agree with this strategy. Use thr...
by ralph124cf
Sat May 04, 2019 4:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguard & Fidelity Personal Advisor Services: same advice from all advisors?
Replies: 12
Views: 1278

Re: Vanguard & Fidelity Personal Advisor Services: same advice from all advisors?

Hi GR8.

I'm sorry that you have not received an actual answer to your question.

Few people on this site use advisors, and so cannot comment intelligently on how they work.

Everybody has an opinion, but not much data from actual use.

Ralph
by ralph124cf
Fri May 03, 2019 10:00 pm
Forum: Personal Investments
Topic: AMT sweet spot
Replies: 9
Views: 1225

Re: AMT sweet spot

I believe that this is not a do it yourself project. There is enough money at stake, and enough moving parts, to hire a tax professional.

Ralph
by ralph124cf
Fri May 03, 2019 12:00 pm
Forum: Personal Consumer Issues
Topic: Rarely used items that are worth having?
Replies: 112
Views: 11284

Re: Rarely used items that are worth having?

Emergency tools, including gas line shut off tool, water line shutoff tool. Also including ax, sledgehammer, large prybar/crowbar/wrecking tool, and a 10 ton hydraulic jack. None of these may ever be needed, but if they are needed nothing else will really do a satisfactory job. I also understand tha...
by ralph124cf
Thu Apr 25, 2019 1:34 pm
Forum: Personal Investments
Topic: Does this retire-and-build-a-house plan make sense?
Replies: 17
Views: 2415

Re: Does this retire-and-build-a-house plan make sense?

The Single Premium Immediate Annuity is a good idea for many people. The usual advice is to wait until 70-75 to buy it, since being older means a much higher income from mortality credits. It sounds like you may be in the area of 55-60 now. You will not get much more than bond-like interest payments...
by ralph124cf
Wed Apr 24, 2019 6:06 am
Forum: Personal Finance (Not Investing)
Topic: One big end of year tax payment instead of quarterly payments for S-corp?
Replies: 9
Views: 781

Re: One big end of year tax payment instead of quarterly payments for S-corp?

I may be confused. You are correct that we file $0 using form 941 for the first three quarters and then the full amount at the end of the year using 941. Does this sound legit. Form 941 is to report payroll taxes (SS, Medicare) and Federal taxes withheld from payroll. If your S-corp only pays you o...
by ralph124cf
Wed Apr 24, 2019 5:42 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance Policy - what would you do in my situation?
Replies: 11
Views: 822

Re: Whole Life Insurance Policy - what would you do in my situation?

One important factor not mentioned: How old are you? Also, is anybody financially dependent on you that the $110K would make a difference to?

Ralph
by ralph124cf
Wed Apr 24, 2019 5:23 am
Forum: Personal Investments
Topic: Balance in Marriage and Student Loans
Replies: 36
Views: 3424

Re: Balance in Marriage and Student Loans

One thing that nobody seems to have addressed: your job situation. You say that you are both working for the same financially distressed company, with stagnant pay. I believe that you should both be looking for better jobs BEFORE looking for a house. You might be considering relocation, or a job in ...
by ralph124cf
Wed Apr 24, 2019 4:57 am
Forum: Personal Investments
Topic: Is company’s 401k match based on base salary or social security salary?
Replies: 41
Views: 2702

Re: Is company’s 401k match based on base salary or social security salary?

At my workplace, the company match is based on gross annual compensation, which includes bonus, when determining the true up amount match. If it were based on social security wages, I bet a whole lot of people would be highly disappointed and will look for exits, since the median wage is around $15...
by ralph124cf
Wed Apr 24, 2019 4:50 am
Forum: Personal Investments
Topic: NFCU CD Rates
Replies: 3
Views: 430

Re: NFCU CD Rates

This CD has a maximum deposit of $50,000.

Ralph
by ralph124cf
Tue Apr 23, 2019 2:30 pm
Forum: Personal Consumer Issues
Topic: Buying a TV
Replies: 32
Views: 1268

Re: Buying a TV

TVs are a bargain these days. You can get a decent 65" for $600 or less at a big box store, and a 50" for $300. QLED is simply a gussied up LCD TV. OLED is the top end. All the new thin TVs need a sound bar, there is just no way to stuff a decent speaker inside. Look at Amazon for wall mounts, Best ...
by ralph124cf
Mon Apr 22, 2019 11:20 am
Forum: Personal Consumer Issues
Topic: Garage Door Opener Replacement
Replies: 28
Views: 2139

Re: Garage Door Opener Replacement

I watched some videos of garage door opener installations just to get some general knowledge and it seemed that the critical parts of the installation took place with the garage door closed. My garage is detached and has no light. Will that pose a problem for an installer? Since you have electricit...
by ralph124cf
Mon Apr 22, 2019 10:59 am
Forum: Personal Finance (Not Investing)
Topic: LTD question — getting individual with existing group plan
Replies: 4
Views: 355

Re: LTD question — getting individual with existing group plan

The reasons for personal LTD is to plug the gaps in employer provided LTD. As mentioned above, one gap that LTD insurance providers are unwilling to fill is bringing up the insurance to 100% of income, due to "moral risk". The obvious gaps are time limit on disability, own occupation, other work inc...
by ralph124cf
Mon Apr 22, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Professional Liability Insurance - Consulting Business
Replies: 11
Views: 672

Re: Professional Liability Insurance - Consulting Business

In a large number if cases, one of the qualifications to be able to bid on a large project is to be a corporation (LLC or S corp included). I don't know WHY this is the case, but large corporations frequently make up their own rules. Many consultants like accountants and engineers have professional ...
by ralph124cf
Sun Apr 21, 2019 10:49 am
Forum: Investing - Theory, News & General
Topic: Re-Examining an assumption: 45% bonds in retirement?
Replies: 95
Views: 11289

Re: Re-Examining an assumption: 45% bonds in retirement?

If your concern is about the fall in value of long term bonds with rising interest rates, you just have to keep your bond portfolio very short term. This, of course, means even lower bond returns. If you agree that bonds are for safety, not return, then this will meet that goal.

Ralph
by ralph124cf
Sun Apr 21, 2019 10:37 am
Forum: Personal Consumer Issues
Topic: What are your 5 favorite tools (hand, power, other)
Replies: 33
Views: 2165

Re: What are your 5 favorite tools (hand, power, other)

Two tools live in my pocket every day that I do not have to fly someplace: a small tape measure and a Swiss Army knife.

Ralph
by ralph124cf
Sun Apr 21, 2019 10:24 am
Forum: Personal Consumer Issues
Topic: Is Crown Molding Out-of-Style?
Replies: 46
Views: 4940

Re: Is Crown Molding Out-of-Style?

I was looking at new build model homes today and noted that none, including the high end builders, had crown molding. Is this an upgrade worth spending money on, or is it considered out-of-style? It is out of style because of cost. It takes time and effort to install. And then there is extra mainte...
by ralph124cf
Sat Apr 20, 2019 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Renters Insurance
Replies: 11
Views: 1528

Re: Renters Insurance

IIRC you can clear wage garnishments w/bankruptcy, but why do that when $1M umbrella is only ~200/year > What is a good company for renters insurance? Amica, USAA, Chubb Note that in order to get umbrella insurance, you will have to up the liability portion of your renters insurance to $300-500K, a...
by ralph124cf
Sat Apr 20, 2019 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Business write-off for travel
Replies: 5
Views: 622

Re: Business write-off for travel

LIGuy82 wrote:
Sat Apr 20, 2019 11:27 am
jebmke wrote:
Sat Apr 20, 2019 7:25 am
If the person is truly an employee (W2), the ability for him to deduct un-reimbursed expenses was eliminated in the last tax bill.
Thanks. In the event he is a 1099, would he be able to claim it as an unreimbursed expense?
If he files a schedule C as a self employed person, then yes.

Rlaph
by ralph124cf
Sat Apr 20, 2019 2:24 am
Forum: Personal Investments
Topic: Boglehead Philosophy - High Yield Dividend Funds
Replies: 22
Views: 2531

Re: Boglehead Philosophy - High Yield Dividend Funds

Ref the dividends: If the fund is held in a taxable account the dividends count for MAGI. If the fund is held in a ROTH, tIRA, or 401(k) account, then the dividends have no effect on your MAGI.

Ralph
by ralph124cf
Sat Apr 20, 2019 2:20 am
Forum: Personal Investments
Topic: How does an international mutual fund pay foreign income tax
Replies: 6
Views: 637

Re: How does an international mutual fund pay foreign income tax

If you hold the foreign fund in a taxable account, you can get a tax credit against your US income taxes. If it is in a tax sheltered account, this credit is lost.

Ralph
by ralph124cf
Thu Apr 18, 2019 1:12 pm
Forum: Investing - Theory, News & General
Topic: In which companies do you own a single share, or token amount, of stock?
Replies: 80
Views: 5270

Re: In which companies do you own a single share, or token amount, of stock?

For a few years I owned one share of GM. When I bought my most recent house, the best loan offered came thru GMAC, which offered 1/4 point discount on the interest rate for owners of GM stock.

Ralph
by ralph124cf
Wed Apr 17, 2019 4:31 pm
Forum: Investing - Theory, News & General
Topic: How does Alliant Credit Union make money on their Credit Card?
Replies: 23
Views: 2317

Re: How does Alliant Credit Union make money on their Credit Card?

They won't give you a credit limit higher than $25K in the first six months no matter what your income. It really limits how much you can put on it. You can easily charge $100K per month, provided you pay every few days, or any time you charge more than $10K in a day. You can also pay ahead, if the...
by ralph124cf
Wed Apr 17, 2019 8:33 am
Forum: Personal Finance (Not Investing)
Topic: My life insurance company wants to "help me save money"
Replies: 26
Views: 2275

Re: My life insurance company wants to "help me save money"

YRT insurance goes up dramatically after age 70. If you look at the timing of the premium increases, you may find that the 20 year level term and the YRT for the next twenty years are very similar, with all the big premium increases coming after the twenty year point. You may well decide that you do...