Search found 501 matches

by knightrider
Fri Jul 19, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: What metrics do you use when evaluating potential real estate investment?
Replies: 10
Views: 574

Re: What metrics do you use when evaluating potential real estate investment?

Try and find out how many are investor owned vs. owner occupied. In condos I owned, there has always been a push to ban renting. More often than not they are successful..
by knightrider
Fri Jul 19, 2019 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay attention to new corporate strategy communications?
Replies: 10
Views: 696

Should I pay attention to new corporate strategy communications?

I have always ignored emails and meetings about new corporate strategy. My ears don't prick up until it directly affects the work I am doing ( which is almost never ).. It seems these new strategies come up every few years and are just a way for upper management to look like they are doing something...
by knightrider
Thu Jul 18, 2019 5:31 pm
Forum: Personal Consumer Issues
Topic: Thoughts on starting a life advisor business?
Replies: 20
Views: 1249

Re: Thoughts on starting a life advisor business?

But therein lies the problem. Unless you were, say, a tax professional, would you really know if someone's tax return could be handled by consumer Turbotax, or if they should see an accountant? What if they owned a family farm? And the farm employed a child? And has shown a loss for the last 2 of t...
by knightrider
Thu Jul 18, 2019 5:29 pm
Forum: Personal Consumer Issues
Topic: Thoughts on starting a life advisor business?
Replies: 20
Views: 1249

Re: Thoughts on starting a life advisor business?

I don't know what happens when a life coach, or a "life advisor" as you want to call yourself, starts giving advice on financial matters like investing, insurance, and even law - whether, at some point, you would be entering territory where only licensed financial advisors and/or lawyers are allowe...
by knightrider
Thu Jul 18, 2019 10:46 am
Forum: Personal Consumer Issues
Topic: Thoughts on starting a life advisor business?
Replies: 20
Views: 1249

Thoughts on starting a life advisor business?

I was thinking of starting a life advisor business. Kind of like a triage for personal financial issues such as: taxes, investing, insurance ( medical, auto, home etc ), law, real estate, consumer rights The idea would be to see me to get a general idea of something complex before deciding whether t...
by knightrider
Mon Jul 15, 2019 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Any gotchas converting from SEP IRA to Solo 401K?
Replies: 3
Views: 237

Re: Any gotchas converting from SEP IRA to Solo 401K?

Did she already contribute to SEP for 2019 year? If so, I dont think she can have Solo 401k also opened and contributed for same year. SEP is a % of salary contribution. How did she contribute already for this year? What are the revenue that the business will bring? Is your spouse a Sole Prop or S ...
by knightrider
Mon Jul 15, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Any gotchas converting from SEP IRA to Solo 401K?
Replies: 3
Views: 237

Any gotchas converting from SEP IRA to Solo 401K?

My spouses started a single member LLC last year. So earlier this year she opened a SEP IRA and contributed the allowed max. for it.. Now she wants to convert it to a solo 401k this year. My understanding is the solo 401k has much higher contribution limits. The downside is she needs to contribute t...
by knightrider
Fri Jul 12, 2019 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Is any type of marriage counseling partially covered by Health insurance?
Replies: 21
Views: 1652

Re: Is any type of marriage counseling partially covered by Health insurance?

I did a bit of googling and someone said this: "If your plan is ACA compliant, therapy is a service that is eligible to be billed to the insurer. That does not mean they will pay for it; it is a service that is subject to your deductible. Basically, covered means an eligible expense, it doesn't mean...
by knightrider
Fri Jul 12, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Is any type of marriage counseling partially covered by Health insurance?
Replies: 21
Views: 1652

Is any type of marriage counseling partially covered by Health insurance?

It seems everyone from life coaches to psychiatrists offer marriage counseling! Which ones might insurance cover? I checked my health insurance plan website and found this below. But not sure how to interpret it:

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by knightrider
Thu Jul 11, 2019 9:33 am
Forum: Personal Consumer Issues
Topic: Recommendations for binoculars
Replies: 34
Views: 1620

Re: Recommendations for binoculars

Nikon has a good model around $70-80. I would avoid anything under $50. While they may perform fine, eventually they could get out of collimation if you drop them ( see double vision ).. This happened to one of my cheaper Bushnells. Although they sent me a new one when I wrote to them about it.. I t...
by knightrider
Tue Jul 09, 2019 10:07 am
Forum: Personal Consumer Issues
Topic: How warm to set thermostat while away
Replies: 62
Views: 4561

Re: How warm to set thermostat while away

I once turned the thermostat down to 55 in the winter, but when I came back from vacation the house was 70. It happened because we have a programmable thermostat that reverts back to a schedule after 8 hours .. Very annoying! That's why I can't stand these smart/programmable thermostats. They have ...
by knightrider
Tue Jul 09, 2019 9:59 am
Forum: Personal Consumer Issues
Topic: How warm to set thermostat while away
Replies: 62
Views: 4561

Re: How warm to set thermostat while away

I once turned the thermostat down to 55 in the winter, but when I came back from vacation the house was 70. It happened because we have a programmable thermostat that reverts back to a schedule after 8 hours .. Very annoying! That's why I can't stand these smart/programmable thermostats. They have a...
by knightrider
Tue Jul 09, 2019 9:38 am
Forum: Personal Consumer Issues
Topic: How warm to set thermostat while away
Replies: 62
Views: 4561

Re: How warm to set thermostat while away

I have a HVAC engineer friend who has explained once you let the house get a lot warmer, it will take a very long time to cool because everything in the house has gotten warmer, including the walls, ceilings, etc. That fact might diminish the economics of turning up the thermostat, at least for sho...
by knightrider
Mon Jul 08, 2019 3:51 pm
Forum: Personal Consumer Issues
Topic: How warm to set thermostat while away
Replies: 62
Views: 4561

Re: How warm to set thermostat while away

Wow, I am surprised so many folks leave their AC on when on vacation! I live in North east and always turn it off. Just close blinds and leave a few windows a little open. Never had any problem. House generally remains at around 81-83 even if outside highs reach 90...
by knightrider
Mon Jul 08, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Selling a rental property - taxes
Replies: 41
Views: 2099

Re: Selling a rental property - taxes

I would REALLY push to get it sold (meaning closed) before October. You don't want to lose all that tax free gain. I don't believe the capital gains exclusion is an all or nothing rule. My understanding is it "phases out".. So if you lived there 1 of last 5 years, you are eligible for 50% of 250k o...
by knightrider
Thu Jun 27, 2019 1:52 pm
Forum: Personal Consumer Issues
Topic: Website design help
Replies: 22
Views: 1179

Re: Website design help

Find a template you like on templatemonster.com then go to a site like upwork.com to have someone customize it with your text/pictures. I used someone there I can suggest . Expect to pay around $100-150 for that.
by knightrider
Fri Jun 21, 2019 10:57 am
Forum: Personal Consumer Issues
Topic: Are you a member of nextdoor.com? Any concerns registering your info?
Replies: 71
Views: 5965

Re: Are you a member of nextdoor.com? Any concerns registering your info?

This discussion is rather amusing. I've gone through and summarized what people posted here: Lost small dogs followed by sightings of a well-fed coyote Complaints about local drivers Stay at home mothers chastising each other about being bad mothers Panic about door to door solicitor’s and pseudo-cr...
by knightrider
Mon Jun 17, 2019 12:38 pm
Forum: Personal Consumer Issues
Topic: Winning $0.99 bid items on eBay
Replies: 10
Views: 2293

Re: Winning $0.99 bid items on eBay

Everyone experienced on ebay is sniping.. Here's a site to get started: http://ezsniper.com/
by knightrider
Wed Jun 12, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Job opportunity - KSA/Bahrain
Replies: 66
Views: 5541

Re: Job opportunity - KSA/Bahrain

I'd always be worried my kids would start making fun of the religion and government. What if they write some social media post bashing everything? Adults can restrain themselves, but kids love to do opposite of what is expected of them..
by knightrider
Mon Jun 10, 2019 1:29 pm
Forum: Personal Consumer Issues
Topic: How to get good at a racket sport without coaching?
Replies: 43
Views: 1384

Re: How to get good at a racket sport without coaching?

ks289 wrote:
Mon Jun 10, 2019 1:06 pm
You are already good if not exceptional. I'm not familiar with squash, but 5.0 in tennis at age 42 is really phenomenal (roughly the level of a former Division 1 player in the top 125).
A lot fewer people play squash then tennis. So getting to 5.0 in squash is a lot easier ( less competition )..
by knightrider
Mon Jun 10, 2019 11:06 am
Forum: Personal Consumer Issues
Topic: How to get good at a racket sport without coaching?
Replies: 43
Views: 1384

Re: How to get good at a racket sport without coaching?

Actually, I'm a little surprised by your reluctance to play better players. I don't like getting demolished and feeling frustrated.. Also good players are rare. They are not dime a dozen. And they have the same misconceptions that playing weaker players will ruin their game.. So even if I wanted to...
by knightrider
Mon Jun 10, 2019 10:56 am
Forum: Personal Consumer Issues
Topic: How to get good at a racket sport without coaching?
Replies: 43
Views: 1384

Re: How to get good at a racket sport without coaching?

chevca wrote:
Mon Jun 10, 2019 10:54 am

Why didn't you think of this years ago then??
Because I was following all the wrong advice of just hit with better players... :D
by knightrider
Mon Jun 10, 2019 10:49 am
Forum: Personal Consumer Issues
Topic: How to get good at a racket sport without coaching?
Replies: 43
Views: 1384

Re: How to get good at a racket sport without coaching?

Let's say your backhand is a weakness. At age 42 and however many years into this, do you feel it will be better to spend years now working on that backhand, or spend more time working on avoiding your backhand? I think it will be best to work on that backhand. It doesn't need years. Just a few wee...
by knightrider
Mon Jun 10, 2019 9:53 am
Forum: Personal Consumer Issues
Topic: How to get good at a racket sport without coaching?
Replies: 43
Views: 1384

Re: How to get good at a racket sport without coaching?

knightrider, there's a common theme in your posts in this one that you like to play weaker players and think you will improve that way. Yet you're here asking folks how to get better and a main piece of advice is to stop playing weaker players and play better players. Do you see the disconnect? I u...
by knightrider
Mon Jun 10, 2019 9:38 am
Forum: Personal Consumer Issues
Topic: How to get good at a racket sport without coaching?
Replies: 43
Views: 1384

Re: How to get good at a racket sport without coaching?

Ball machine. Hit thousands of balls per day for tennis. Not sure if there is anything like this for squash. Yes, they do have ball machines for squash.. Challenge for me is finding the motivation to use them.. That's why I like to play weaker players instead and use them a bit like ball machines.....
by knightrider
Mon Jun 10, 2019 9:35 am
Forum: Personal Consumer Issues
Topic: How to get good at a racket sport without coaching?
Replies: 43
Views: 1384

Re: How to get good at a racket sport without coaching?

Back when I was in college, I was just okay, in between 4-4.5, but I was a sparring partner for many guys who would destroy me. I would never win. Maybe a game here or so, but I could hold up a few rallies along the way. I learned more in these matches then playing anyone my ability or worse. I am ...
by knightrider
Mon Jun 10, 2019 8:59 am
Forum: Personal Consumer Issues
Topic: How to get good at a racket sport without coaching?
Replies: 43
Views: 1384

How to get good at a racket sport without coaching?

Specifically interested in squash, but hope to hear from tennis and other racket sport experts.. I've been playing for 15+ years and have plateaued at a B level. Now I am 42 and am trying to see if I can give it one last push to get to A level ( 5.0+ in tennis rating ).. I am not interested in expen...
by knightrider
Thu Jun 06, 2019 3:23 pm
Forum: Personal Consumer Issues
Topic: Suggestions for an "Off-topic" forum [other than Bogleheads]
Replies: 6
Views: 790

Suggestions for an "Off-topic" forum [other than Bogleheads]

Looking for suggestions for a place to post general questions/thoughts, since there is no "Off-topic" or "Lounge" forum here. I know about Reddit and Quora, but I don't really understand how they are different and which is better for what.
by knightrider
Wed Jun 05, 2019 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Tell us your side hustle success stories.
Replies: 68
Views: 7005

Re: Tell us your side hustle success stories.

I developed one of the first online court reservations systems for tennis and squash clubs fifteen years ago. I expanded it to a generic appointment scheduling system.. Brought in around $20-40k/year of profit.. But it's been in slow steady decline for past 10 years.. But I still have around 80 clie...
by knightrider
Tue May 28, 2019 4:00 pm
Forum: Personal Investments
Topic: Should I rollover my 401k from old megacorp to new megacorp?
Replies: 36
Views: 2035

Re: Should I rollover my 401k from old megacorp to new megacorp?

Also the "rule of 55" enables penalty free withdrawals from 401-K of the employer you separated from at/after age 55. You can't do that from a prior employer 401-K or from an IRA under that particular exemption. I googled this rule of 55 and seems it does not apply to me. I was laid off at age 40.
by knightrider
Thu May 23, 2019 8:11 am
Forum: Personal Investments
Topic: Should I rollover my 401k from old megacorp to new megacorp?
Replies: 36
Views: 2035

Re: Should I rollover my 401k from old megacorp to new megacorp?

If you move it to the current employer plan, you cannot roll it over until you separate from the employer. After you reach age 70 1/2, only the current employer plan is exempt from RMD. If you roll it over to IRA and it is in the way for a backdoor Roth, it may be rolled over to your current employ...
by knightrider
Wed May 22, 2019 1:49 pm
Forum: Personal Investments
Topic: Should I rollover my 401k from old megacorp to new megacorp?
Replies: 36
Views: 2035

Re: Should I rollover my 401k from old megacorp to new megacorp?

What are the costs and expense ratios of old megacorp vs new megacorp? I logged into my 401k accounts and poked around to get this info: Old 401k ======== $5 administration fee per month Fund -- Allocation - Expense ratio ============================= Capital Preservation 21% 0.079% Bond 22% 0.020%...
by knightrider
Tue May 21, 2019 8:39 am
Forum: Personal Investments
Topic: Should I rollover my 401k from old megacorp to new megacorp?
Replies: 36
Views: 2035

Should I rollover my 401k from old megacorp to new megacorp?

I spent 16 years at a megacorp and have around 500k in my 401k. Two years ago I started a new job at another megacorop. Now that the dust has settled, I am wondering if I should rollover my 401k? I read some blogs but feel a bit overwhelmed by the process. What are some basic questions I need to ans...
by knightrider
Tue May 21, 2019 8:19 am
Forum: Personal Consumer Issues
Topic: Do handymen typically guarantee work?
Replies: 20
Views: 1513

Re: Do handymen typically guarantee work?

Just an update our handyman came yesterday and fixed everything for free!
by knightrider
Mon May 20, 2019 11:40 am
Forum: Personal Consumer Issues
Topic: Do handymen typically guarantee work?
Replies: 20
Views: 1513

Re: Do handymen typically guarantee work?

Thanks for the replies. It is interesting to hear the range of perspectives. It did not collapse due to over-load. One of the plastic support clips snapped and then everything came undone.. Anyways, I do not want to get into technical discussion of what happened.
by knightrider
Mon May 20, 2019 11:37 am
Forum: Personal Consumer Issues
Topic: Class action law suits
Replies: 52
Views: 5493

Re: Class action law suits

I usually ignore these class action suits, but it is interesting to hear that some folks are getting significant payouts. I got one today that I responded to because it related to my 401k.. They sent pages of legalese but nowhere was there any estimate of our payout. Why can't they include some basi...
by knightrider
Mon May 20, 2019 10:29 am
Forum: Personal Consumer Issues
Topic: Do handymen typically guarantee work?
Replies: 20
Views: 1513

Do handymen typically guarantee work?

We had some shelving in our walk-in closet collapse a few months ago. Our handyman repaired it, but it collapsed again last week. Our handyman said he will come fix it this week. I am assuming he will fix it for free. But my spouse thinks he will charge us something.. Not sure what is customary...
by knightrider
Fri May 17, 2019 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Does vision insurance cover online eyeglass purchase?
Replies: 7
Views: 649

Re: Does vision insurance cover online eyeglass purchase?

I finally had a chance to create an online account with my vision provider and read all the fine print on the coverage. As I expected it was not clear cut. Yes,you can buy online but only from a few places they list. And they only reimburse the first $150 of the frame cost. They will reimburse for o...
by knightrider
Fri May 17, 2019 7:31 pm
Forum: Personal Consumer Issues
Topic: Why do plumbers get paid so well?
Replies: 84
Views: 6317

Re: Why do plumbers get paid so well?

High barriers to entry. You have to work under a licensed plumber for 5 years before you can be a licensed plumber. They only take their family and buddies for apprenticeship. Keeping it to themselves. You need less training to write code for NASA. Interesting but doesn't surprise me. So basically ...
by knightrider
Fri May 17, 2019 3:08 pm
Forum: Personal Consumer Issues
Topic: Why do plumbers get paid so well?
Replies: 84
Views: 6317

Re: Why do plumbers get paid so well?

staythecourse wrote:
Fri May 17, 2019 3:03 pm
If you are a plumber you can charge WHATEVER you want ?2x a during hours call.
I doubt they can do this unless they want their reputation ruined with a bunch of 1-star social media reviews!
by knightrider
Fri May 17, 2019 2:59 pm
Forum: Personal Consumer Issues
Topic: Why do plumbers get paid so well?
Replies: 84
Views: 6317

Re: Why do plumbers get paid so well?

Because through their labor they can help Google earn multiples of that number. Otherwise they are waste. Maybe I'm cynical but I don't think our "unique skills" are what makes us valuable. It's more about social class and where we fit in.. I think these 200k google engineers would struggle to earn...
by knightrider
Fri May 17, 2019 2:55 pm
Forum: Personal Consumer Issues
Topic: Why do plumbers get paid so well?
Replies: 84
Views: 6317

Re: Why do plumbers get paid so well?

adamthesmythe wrote:
Fri May 17, 2019 2:23 pm
Because it can be dirty, disgusting work?
By this reasoning, ordinary cleaning staff would also get paid high salaries..
by knightrider
Fri May 17, 2019 9:52 am
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 5572

Re: Guidance on choosing between UMich and Brown

While this is in regard to graduate schools, based on peer assessments USNews actually has Michigan ranked much higher than Brown for Computer Science: Grad school and undergrad are completely different. For undergrad, I look at the overall school reputation. For grad school, I look at the individu...
by knightrider
Tue May 14, 2019 10:27 am
Forum: Personal Consumer Issues
Topic: For Glasses - How to Get Accurate Eye Measurements
Replies: 10
Views: 1358

Re: For Glasses - How to Get Accurate Eye Measurements

I buy glasses from 39dollarglasses.com . They have an online tool that lets you snap a picture with a credit card on your forehead. It then calculates your PD. I tried it and it was within a mm of what the the optometrist measured..
by knightrider
Mon May 13, 2019 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Does vision insurance cover online eyeglass purchase?
Replies: 7
Views: 649

Does vision insurance cover online eyeglass purchase?

I have vision insurance through my megacorp. I remember reading some complicated rules about what kind of frames/lenses they cover IF I buy from brick and mortar store. Do they normally cover online eyeglass purchase? In the past I just bought them online out of pocket since it is cheap ( between $5...
by knightrider
Fri May 10, 2019 9:10 am
Forum: Personal Consumer Issues
Topic: Recycling Different Plastics
Replies: 76
Views: 4232

Re: Recycling Different Plastics

I've always wondered what happens to bagged recyclables? Every flyer says not to put recyclables in plastic bags . Yet many people do and for some reason the haulers gladly pick it up. I reached out to our local environmental council and they said the material recovery facility can magically handle ...
by knightrider
Thu May 09, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you donate?
Replies: 100
Views: 7581

Re: How much do you donate?

Probably 0.2 %.. I'll donate if some friend on facebook asks for it through some fundraiser. Or if there is some gofundme page for something... But for some reason , I rarely feel good about donating. I feel like I am just throwing money away at causes I have no connection to. Probably comes from my...
by knightrider
Thu May 09, 2019 10:09 am
Forum: Personal Finance (Not Investing)
Topic: IRS Direct Pay or EFTPS for estimated taxes for LLC?
Replies: 5
Views: 415

Re: IRS Direct Pay or EFTPS for estimated taxes for LLC?

HomeStretch wrote:
Mon May 06, 2019 10:42 am
Is the LLC a partnership or corporation for Federal tax reporting purposes?
It is a single-member LLC. So I guess DirectPay should work as all income will flow into our personal tax return..
by knightrider
Mon May 06, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: IRS Direct Pay or EFTPS for estimated taxes for LLC?
Replies: 5
Views: 415

IRS Direct Pay or EFTPS for estimated taxes for LLC?

My spouse recently opened a solo-member LLC . We are going to pay the estimated taxes and went to the Direct Pay IRS website. I got confused since there's a message there saying, "All business tax payments should be made through the Electronic Federal Tax Payment System (EFTPS)".. Then when we tried...
by knightrider
Thu May 02, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Dumb idea? [buy a condo to rent]
Replies: 37
Views: 3437

Re: Dumb idea? [buy a condo to rent]

Also whose going to give you a loan to buy a rental property? My understanding is the rate would be very high.