Search found 435 matches

by fourwheelcycle
Thu Aug 16, 2018 4:25 pm
Forum: Personal Consumer Issues
Topic: Biking with 2 young children - what gear to get?
Replies: 24
Views: 1053

Re: Biking with 2 young children - what gear to get?

....Other possibility is that he has an electric assist bike. That has to be it. I have not looked closely at his bike - after all, I am working pretty hard myself when I see him! It does seem sort of superhuman. If I see him again I'll look closely at his bike, if I can. I happened to see the fath...
by fourwheelcycle
Thu Aug 16, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Marriage Name Change Logistics
Replies: 10
Views: 870

Re: Marriage Name Change Logistics

When we were married my wife was advised not to change her name because she was entering a profession and would not want to become known by a name she might not keep. She changed her name anyway. So far, forty-three years later, it has not been a problem.
by fourwheelcycle
Tue Aug 14, 2018 7:32 pm
Forum: Personal Consumer Issues
Topic: Biking with 2 young children - what gear to get?
Replies: 24
Views: 1053

Re: Biking with 2 young children - what gear to get?

....Other possibility is that he has an electric assist bike. That has to be it. I have not looked closely at his bike - after all, I am working pretty hard myself when I see him! It does seem sort of superhuman. If I see him again I'll look closely at his bike, if I can. I just turned 70 and my he...
by fourwheelcycle
Tue Aug 14, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: Biking with 2 young children - what gear to get?
Replies: 24
Views: 1053

Re: Biking with 2 young children - what gear to get?

We go on a bike vacation to ride the Acadia carriage paths every year and I am always amazed at the people I see with enclosed kiddie trailers. When I look through the netting I see one kid, two kids, or even one or two dogs. True story - we live on a road that is half-way up a one mile hill with a ...
by fourwheelcycle
Tue Aug 14, 2018 8:02 am
Forum: Personal Consumer Issues
Topic: Timing of car purchase during a model year
Replies: 17
Views: 1537

Re: Timing of car purchase during a model year

We usually buy new cars at the end the model year, since dealers seem more interested in offering good prices at that time.

However, we also keep our cars for eight to ten years, compared to four years for the OP, so for us year to year depreciation is a much lower consideration.
by fourwheelcycle
Sun Aug 12, 2018 7:25 pm
Forum: Personal Consumer Issues
Topic: Joint checking accounts.
Replies: 26
Views: 1929

Re: Joint checking accounts.

We have had joint accounts starting as soon as we were married - 42 years. One of our sons and his now wife lived together before they were married; they kept their paychecks going to their individual accounts and they paid equal amounts into a joint account they used to pay all household expenses.
by fourwheelcycle
Sun Aug 12, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: personal injury lawsuit
Replies: 23
Views: 1857

Re: personal injury lawsuit

You are not telling us anything about your case. Are you contemplating suing a property owner for an injury you suffered on their property, or an uninsured driver? Or are you contemplating suing a provider? From my experience on the provider side, most providers and their insurance companies will of...
by fourwheelcycle
Mon Aug 06, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Durable Power of Attorney: Implementation Report
Replies: 21
Views: 1455

Re: Durable Power of Attorney: Implementation Report

I'm surprised by [your experience with Vanguard] unless VG has changed their process. When I worked this 2 - 3 years ago for my wife with Alzheimer's, they required a notarized signature on their form. I am not sure of the details, only that it all worked out fine, with no problems that I recall. A...
by fourwheelcycle
Mon Aug 06, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Added as joint account owner - Is it a gift (gift/estate tax)? Is it a good idea?
Replies: 16
Views: 1182

Re: Added as joint account owner - Is it a gift (gift/estate tax)? Is it a good idea?

I am not a tax or estate expert, so I am just commenting on my own experience and inclinations. Also, I know people warn of potential shared liability problems if either person in a joint account runs into credit or lawsuit trouble. I have nothing to say about that risk, except that I am confident r...
by fourwheelcycle
Sat Aug 04, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Durable Power of Attorney: Implementation Report
Replies: 21
Views: 1455

Re: Durable Power of Attorney: Implementation Report

From my own experience, with my aunt some years ago and with my father more recently: Bank of America - A Walked into my local branch with my aunt, aged 90 at the time. No advance appointment. Waited ten minutes and we were able to meet with an officer. We had the executed POA prepared by my aunt's ...
by fourwheelcycle
Fri Aug 03, 2018 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Charitable giving strategy
Replies: 43
Views: 2222

Re: Charitable giving strategy

When we were working and raising a family my wife and I gave donations to a range of local charities and a few national charities as part of our regular annual spending. Now we are turning 70 and we do not need all of the income from our RMDs to support our annual expenses. This will enable us to co...
by fourwheelcycle
Tue Jul 31, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Choosing a trustee
Replies: 29
Views: 1957

Re: Choosing a trustee

When our children were young my wife and I had wills that left our money to each other in life trusts, with trusts for our children if we both died. We were fortunate that my mother and my father, an accountant and a natural BH, were in a position to raise our children if we happened to die. Our wil...
by fourwheelcycle
Sun Jul 29, 2018 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for son and daughter-in-law
Replies: 58
Views: 2919

Re: Life Insurance for son and daughter-in-law

......it would be foolish for a family to rely on vague impressions of ability and willingness to help should the unexpected occur. I don't think the commitment of loving parents to support their son, DIL, and grandchildren during hard times should be considered a "vague impression of willingness"....
by fourwheelcycle
Sun Jul 29, 2018 9:20 am
Forum: Personal Consumer Issues
Topic: Why dont people sit outside more? And how to deal with bugs?
Replies: 50
Views: 5275

Re: Why dont people sit outside more? And how to deal with bugs?

In our area we have ticks that carry Lyme disease and mosquitoes that carry West Nile virus and eastern equine encephalitis. I have a lightweight long sleeve shirt, long pants, and a baseball cap that I have treated generously with permethrin. I wear these outside when I am working in the yard or mo...
by fourwheelcycle
Sun Jul 29, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for son and daughter-in-law
Replies: 58
Views: 2919

Re: Life Insurance for son and daughter-in-law

If I read the OP's question correctly, OP is saying son's and DIL's parents are in a position to provide them, and their children, with more than adequate support, in excess of any life insurance they might buy, if hard times come or if son and/or DIL should die. I assume this also means son and/or ...
by fourwheelcycle
Thu Jul 26, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Moral dilemma - What would you do?
Replies: 54
Views: 5591

Re: Moral dilemma - What would you do?

It is hard for me to imagine a "giant corp" that is not capable of doing its own due diligence to assess proposals that are better in meeting their needs, perhaps at higher cost, vs. less better in meeting their needs, perhaps at lower cost. If DH's company proposes a less better solution at a highe...
by fourwheelcycle
Thu Jul 26, 2018 7:26 am
Forum: Personal Finance (Not Investing)
Topic: An argument against self-insuring for long-term care
Replies: 214
Views: 10381

Re: An argument against self-insuring for long-term care

I don't think any insurance company sells a product that is not actuarily viable. If they do, as some of the early LTC insurers did, they risk the viability of their product or even of their entire insurance company. To be viable, an insurance product must cover the true actuarial cost of the risk (...
by fourwheelcycle
Tue Jul 24, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Is Enough?
Replies: 34
Views: 5928

Re: How Much Is Enough?

Any economist can tell you the answer: More is better. However, only you can decide what you want more of. It sounds like you may be asking for the BH forum's permission to choose less stress, less commuting, and more time with your family. I have no doubt things will turn out fine for you and your ...
by fourwheelcycle
Tue Jul 24, 2018 8:26 am
Forum: Personal Consumer Issues
Topic: High voltage powerlines near house
Replies: 72
Views: 5202

Re: High voltage powelines near house

https://www.cancer.gov/about-cancer/causes-prevention/risk/radiation/electromagnetic-fields-fact-sheet See also http://www.who.int/peh-emf/project/mapnatreps/nznrl_emfbooklet2008.pdf?ua=1 The first article (US National Cancer Institute), cited by mouses, indicates children should not live near enou...
by fourwheelcycle
Sun Jul 22, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Giving money to adult kids
Replies: 23
Views: 3801

Re: Giving money to adult kids

You have not told us how much money you have saved, or who, besides your children, will inherit it when you die. You have also not told us who is designated as your power of attorney for finances and health care if either of you need this type of assistance before you die. If you have significant sa...
by fourwheelcycle
Sun Jul 22, 2018 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Am I secure using my computer for financial services?
Replies: 23
Views: 2805

Re: Am I secure using my computer for financial services?

The things you are doing go a long way toward promoting your security. My greatest concern is that a company will be hacked, either by experts or because an employee or a miswritten computer code leaves a server open for an hour or more. If Vanguard or BoA loses my complex passwords the only things ...
by fourwheelcycle
Mon Jul 16, 2018 6:40 pm
Forum: Personal Consumer Issues
Topic: Have you ever purchased a pricy musical instrument?
Replies: 82
Views: 4325

Re: Have you ever purchased a pricy musical instrument?

When we began working and bought our first house, in 1977, my wife wanted to buy a Yamaha Conservatory Grand piano. The piano cost almost half of her annual income at that time. She agreed to help pay for it by giving piano lessons. I looked up the tax rules for personal businesses vs. hobbies and f...
by fourwheelcycle
Sun Jul 15, 2018 7:39 pm
Forum: Personal Consumer Issues
Topic: Bears!!!
Replies: 60
Views: 5221

Re: Bears!!!

Will your town allow this one: https://www.walmart.com/ip/Toter-Bear-Proof-Residential-Heavy-Duty-64-Gallon-Two-Wheeled-Trash-Can/123546722?wmlspartner=wlpa&selectedSellerId=1148&adid=22222222227054699909&wmlspartner=wmtlabs&wl0=&wl1=g&wl2=c&wl3=155643953241&wl4=pla-61592423422&wl5=9002419&wl6=&wl7=...
by fourwheelcycle
Fri Jul 13, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust - conveyance of assets
Replies: 11
Views: 813

Re: Living Revocable Trust - conveyance of assets

We made an appointment at our local BoA branch and they changed our checking and savings accounts over to our new joint revocable trust in one twenty minute visit. All of our other taxable savings, except for a small online account at Marcus, are at Vanguard. Our Vanguard rep connected us with anoth...
by fourwheelcycle
Fri Jul 13, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Denied for an auto loan 2 weeks after purchase??
Replies: 39
Views: 4913

Re: Denied for an auto loan 2 weeks after purchase??

I recently ordered a new car that offered a $1,500 discount if I took out at least a $10K loan and did not do an early pay-off until after at least five monthly payments. My credit is locked due to past identity info hacks at our health insurance company and at Equifax. The dealer asked me to author...
by fourwheelcycle
Thu Jul 12, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing non-technocrat spouse $ Mgmt
Replies: 25
Views: 2231

Re: Preparing non-technocrat spouse $ Mgmt

RetiredAL, my wife and I are just a couple of years older than you and I face a similar problem, except perhaps that my wife does not hit carriage return when she uses WORD. She pays our monthly bills, but that is the full extent of her financial involvement. She says she will learn to do our taxes ...
by fourwheelcycle
Tue Jul 10, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Personal 529 inherited by sons - are they taxable?
Replies: 16
Views: 1510

Re: Personal 529 inherited by sons - are they taxable?

I have Nevada Vanguard 529 accounts. Each account has one owner, one named successor, and one beneficiary. If your 529 accounts are similar to mine, to make your scheme work you would want to name one of your grandchildren as the beneficiary for each 529 account and one of your sons as the successor...
by fourwheelcycle
Mon Jul 09, 2018 1:25 pm
Forum: Personal Consumer Issues
Topic: What do you pay for home services?
Replies: 55
Views: 3480

Re: What do you pay for home services?

We've paid $13-1500 a couple of times in the last 10 years for tree trimming. Our neighborhood was carved out of the woods, so every lot has aging trees that are good candidates to fall on our houses during high winds or ice storms. Tree workers come to our doors every year pointing out leaning tre...
by fourwheelcycle
Mon Jul 09, 2018 1:08 pm
Forum: Personal Consumer Issues
Topic: Any kayakers here?
Replies: 60
Views: 3484

Re: Any kayakers here?

My wife and I have enjoyed inland lake and New England coastal kayaking for many years. We bought Current Designs kevlar kayaks some time ago, but in recent years we have done more and more bicycling, with Acadia National Park's carriage trails as our favorite place to ride. At the height of our kay...
by fourwheelcycle
Mon Jul 09, 2018 8:12 am
Forum: Personal Consumer Issues
Topic: What do you pay for home services?
Replies: 55
Views: 3480

Re: What do you pay for home services?

I think I mentioned in another post that I am cheap, cheap, cheap - I got it from my father, an old Yankee farmer. When we were raising our kids my wife was a SuperMom - working full time at a professional job, coming home early when our kids got off school, then working at home in the evening after...
by fourwheelcycle
Thu Jul 05, 2018 4:15 pm
Forum: Personal Consumer Issues
Topic: Cannot install hardwood on curved floor?
Replies: 15
Views: 1240

Re: Cannot install hardwood on curved floor?

At one end of our living room we have a brick hearth with a fan shaped curve across the front. The random width maple flooring our contractor put in when we built the house runs down the length of the living room, with the random length pieces ending against the fan curve. I wasn't around the day th...
by fourwheelcycle
Thu Jul 05, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Revocable Living Trusts-Homeowners-Umbrella Insurance
Replies: 10
Views: 1713

Re: Revocable Living Trusts-Homeowners-Umbrella Insurance

Our home, car, and umbrella insurance is with AMICA. Our attorney submitted the application to our state to re-title our house to our joint revocable trust. When I called AMICA and asked what I needed to do they said I just needed to let them know when the new title was in effect. I said great, and ...
by fourwheelcycle
Thu Jul 05, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: paying off mortgage while I have high income?
Replies: 11
Views: 1963

Re: paying off mortgage while I have high income?

What percent of your total savings does your equity in your house represent? What percent of your savings does your mortgage equal? If your mortgage percent is large and your equity percent is low, the bank is carrying a large portion of your overall financial risk. If you pay off your mortgage you ...
by fourwheelcycle
Wed Jul 04, 2018 7:52 am
Forum: Personal Consumer Issues
Topic: Tire experts? Can I trust a patched tire?
Replies: 47
Views: 4118

Re: Tire experts? Can I trust a patched tire?

My guess is that you will be OK. If you had asked in detail about the patch and the repair person assured you they put in a plug with a patch from the inside of the tire, which they probably did, then I really would not worry at all. The only remaining risk is that you damaged the tire by driving ev...
by fourwheelcycle
Tue Jul 03, 2018 3:47 pm
Forum: Personal Consumer Issues
Topic: Transporting bikes with an SUV?
Replies: 38
Views: 1833

Re: Transporting bikes with an SUV?

Get a trailer hitch and a bike rack that works with your hitch (1.25" or 2" receiver). I have the Kuat Beta 2 and have seen nothing better. It is lightweight (aluminum) has a internal clamp in the receiver to reduce receiver play and rattle. The Saris Bones is an excellent strap-on mount that would...
by fourwheelcycle
Tue Jul 03, 2018 1:10 pm
Forum: Personal Consumer Issues
Topic: Rodents ate my car!
Replies: 61
Views: 5624

Re: Rodents ate my car!

Rodents ate my car too - twice! So far, I'm up to $4,350. I would ask "Can anyone beat that?", but I bet someone could. My first experience was the same as the OP's. I left my Honda S2000 at the dealer one day because my Check Engine light was on for no obvious reason. They called me at work and ask...
by fourwheelcycle
Tue Jul 03, 2018 7:33 am
Forum: Personal Consumer Issues
Topic: How Not to be a Slave to my Wood Deck?
Replies: 37
Views: 2941

Re: How Not to be a Slave to my Wood Deck?

Ho, Ho .....here is is topic where I have some experience! When we built our first and current house in northern New England in 1977 we "saved money" by putting in a 300 sf deck made from untreated pine planks over pressure treated joists. I stained it every few years with a good opaque oil-based wo...
by fourwheelcycle
Mon Jul 02, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 15698

Re: Retirement Destination - are you happy with your choice?

.... the heat and humidity in the destinations you listed are not materially different than in Florida. I agree. The summer heat and humidity in DC and anywhere to the south is very oppressive, especially if you did not grow up in those areas. I did, and when I go home to visit I always try to avoi...
by fourwheelcycle
Sun Jul 01, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Debt to asset ratios
Replies: 14
Views: 885

Re: Debt to asset ratios

When my wife and I bought our first (and current) home in 1977, when we were in our late twenties, our mortgage represented about 40% of our total equity. We refinanced once in about 1986 and then paid off the remaining portion of the new mortgage around 1994. Paying off our mortgage bought our debt...
by fourwheelcycle
Sun Jun 24, 2018 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Compliments for Vanguard?
Replies: 40
Views: 3184

Re: Compliments for Vanguard?

We have been with Vanguard for over thirty-five years, having moved our early savings from MLPFS in the late seventies when we got tired of unrequested sales pitches. We have had a variety of Vanguard reps as our account balance has increased and we have received excellent service from all of them, ...
by fourwheelcycle
Sat Jun 23, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes from dividends getting high.. how to handle?
Replies: 24
Views: 2793

Re: Taxes from dividends getting high.. how to handle?

I don't know what OP's income or dividends are, but I have always set taxable dividends to reinvest and I have never had a problem. When we were working my wife kept her W4 marked at one married allowance, which put all the withholding pressure on my pay check. I always set my W4 to include an addit...
by fourwheelcycle
Thu Jun 21, 2018 2:36 pm
Forum: Investing - Theory, News & General
Topic: Does an IPS really need to be 5 pages long to be valuable?
Replies: 64
Views: 3540

Re: Does an IPS really need to be 5 pages long to be valuable?

We are actually looking for sample IPS's for my adult daughter to use as a template. Where to look for shorter, but valuable ones? I don't know how old your daughter is, but when my wife and I were in our twenties our savings and investment plan was: 1. Max out all employer-based savings opportunit...
by fourwheelcycle
Thu Jun 21, 2018 7:58 am
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 5430

Re: How much car to buy reasonably?

On an entirely separate note: it's important to consider whether you want a fast car or a fun to drive car. They often overlap but not always. Sometimes, the powerful luxury cars designed for burning down the autobahn will be incredibly quick but not really that fun to drive because they isolate yo...
by fourwheelcycle
Tue Jun 19, 2018 5:57 am
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 5430

Re: How much car to buy reasonably?

I also consider the M240 convertible. Will you recommend the Extended Warranty? Thanks. My car has not needed any service except brakes and battery for six years after the original warranty ended, so I would not recommend the extended warranty. I used to have a 2003 Honda S2000 convertible. I loved...
by fourwheelcycle
Mon Jun 18, 2018 8:42 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 5430

Re: How much car to buy reasonably?

If you live in a no-snow area (Hawaii?) you should buy a new BMW M240i; if you live in a snow area you should by a new M240i xDrive. You should be able to get either one for under $50K. You should buy it new so you will have the pleasure of a new car with BMW's four year warranty coverage and so you...
by fourwheelcycle
Sat Jun 16, 2018 8:57 pm
Forum: Personal Consumer Issues
Topic: iPad Pro 12.9": Replacement for Laptop?
Replies: 47
Views: 4117

Re: iPad Pro 12.9": Replacement for Laptop?

I am so happy with my new MacBook 12" laptop that I may stop using my iPad altogether.
by fourwheelcycle
Thu Jun 14, 2018 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Will Vanguard/Fidelity automatically deduct QCD from RMD?
Replies: 27
Views: 2578

Re: Re:

The way I read that you can make a withdrawal any time during the year you turn 70 1/2. You do not have to wait until your birthday+6 months. So you can make your withdrawal now and it will count towards your first RMD that is required for 2018. I was commenting about making successful QCDs, not RM...
by fourwheelcycle
Wed Jun 13, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Will Vanguard/Fidelity automatically deduct QCD from RMD?
Replies: 27
Views: 2578

I've seen from other threads that one can possibly have check writing privileges on an IRA. I'm not interested in that. I am wondering why not? It seems to me like the easiest way to deal with the QCD issue. Just write checks to your charities of choice. It is what I am hoping to be able to do once...