Search found 145 matches

by Derby
Sat Jan 25, 2020 8:50 pm
Forum: Personal Investments
Topic: Selling rental property or look for a next tenant?
Replies: 11
Views: 1076

Re: Selling rental property or look for a next tenant?

You're barely cash flowing as it is, with zero appreciation. How many years of cashflow will a new water heater or furnace or roof set you back? Plus, you don't seem that enthused about it, and you probably won't get so lucky with tenants next time. I'd sell. If you want to own rentals, you should b...
by Derby
Wed Jan 15, 2020 6:21 pm
Forum: Personal Investments
Topic: Just retired. Too emotionally attached to hard earned $ to be in market and generate a "paycheck."
Replies: 75
Views: 7774

Re: Just retired. Too emotionally attached to hard earned $ to be in market and generate a "paycheck."

Someone posted this recently on another thread, but maybe you should consider WARM (Wasting Asset Retirement Model.)
https://jlcollinsnh.com/2017/09/09/slee ... ent-model/

Your anxiety about this is palpable.
by Derby
Mon Jan 13, 2020 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Which Tax Software
Replies: 23
Views: 2226

Re: Which Tax Software

Another upvote for freetaxusa.com. I've been using it for 3 years now with moderate complexity returns (self-employment, rental props, stock sales, multiple K-1s) without any problems. Fed is free, state returns are $6 or 7.
by Derby
Mon Jan 06, 2020 12:15 am
Forum: Personal Investments
Topic: Vanguard: "Your Account Needs to be Transitioned"
Replies: 46
Views: 9921

Re: Vanguard: "Your Account Needs to be Transitioned"

I just rolled over a 401K to Vanguard. When I did it on line, they gave me no option to roll it over into my current MF account SEP-IRA, instead, it automatically created a brokerage account for the rollover. When I called VG to ask about whether I could roll my 401K to the existing SEP-IRA, the guy...
by Derby
Sun Jan 05, 2020 8:26 pm
Forum: Personal Consumer Issues
Topic: Jumper cables
Replies: 83
Views: 5246

Re: Jumper cables

I second buying the portable battery pack. Cables are only good if there's another car around. If you use it only once, it will be the best $50 you've ever spent in your life. Ask me how I know.
by Derby
Tue Dec 17, 2019 11:08 pm
Forum: Personal Consumer Issues
Topic: "Safer" places for Spanish immersion experience?
Replies: 84
Views: 7104

Re: "Safer" places for Spanish immersion experience?

Antigua, Guatemala is beautiful and has dozens of Spanish schools, but I recommend Quetzaltenango, about 4 hours away by bus in the mountains. Quaint quiet town, and I never felt unsafe for a second. I chose it over Antigua especially because there were fewer English speaking tourists. And muy barat...
by Derby
Thu Jul 18, 2019 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Do I need a transaction free credit card for Ireland?
Replies: 70
Views: 3401

Re: Do I need a transaction free credit card for Ireland?

Anyone paying $100 k for a vacation isn't likely to have the need to save on the transaction cost. I cannot think of any single vacation that costs that amount (two people to the top of Everest?) This one looks nice. Only $135,000 per person. :mrgreen: https://www.tcsworldtravel.com/luxury-jet-expe...
by Derby
Mon Mar 04, 2019 7:54 pm
Forum: Personal Consumer Issues
Topic: Has any retiree taken classes at 4-year college - for interest - e.g. Spanish
Replies: 108
Views: 12782

Re: Has any retiree taken classes at 4-year college - for interest - e.g. Spanish

I would look into finding professors on iTalki.com. You sound like you might be better served by taking a combination of conversational classes (to improve fluency) and classes directed at people wanting to take the DELE exams (to get the gramatical rigor that you're seeking.)
by Derby
Mon Mar 04, 2019 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Legally Mine asset protection, family limited partnerships
Replies: 6
Views: 997

Re: Legally Mine asset protection, family limited partnerships

Have adequate insurance and save the $5000. The odds of a malpractice attorney going after personal assets is about zero. I've never heard of a case and I've never heard of anyone who's ever heard of a case.
by Derby
Mon Mar 04, 2019 3:50 pm
Forum: Personal Investments
Topic: Help me pick a fund for my HSA in California
Replies: 56
Views: 6505

Re: Help me pick a fund for my HSA in California

Jay, Fidelity has a auto-roll service that automatically repurchases a Treasury bill/note at auction that's similar to the one that just matured. For example, let's say I want to setup a rolling ladder of 6 month T-bills: 1. Check out the auction schedule and yield curve on the U.S. Treasury site: ...
by Derby
Thu Feb 28, 2019 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house as a medical student
Replies: 23
Views: 1194

Re: Buying a house as a medical student

Before I even clicked, I let out a silent scream: Nooooooooooooooooooooooooooooooooo. :shock: As a 1st yr, I can almost guarantee that whatever specialty you think you'll go into...you won't. There's a high probability you will end up doing something somewhere you never dreamed of. The last thing yo...
by Derby
Mon Feb 11, 2019 1:59 am
Forum: Personal Consumer Issues
Topic: Wasting Electricity for Fun and Profit
Replies: 58
Views: 5726

Re: Wasting Electricity for Fun and Profit

I'm surprised no one's mentioned a setting up a special grow "farm" in the basement. 8-)
by Derby
Sun Feb 10, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Did you investigate your partner's financial background before committing?
Replies: 99
Views: 6284

Re: Did you investigate your partner's financial background before committing?

Hire a private investigator? Good luck on your relationships... I never contemplated that. Yes, you have discussions, but if you have to investigate your partner then you're lacking trust in the relationship and commitment should not be happening. Just my opinion. Absolutely right. Because in the h...
by Derby
Sun Feb 10, 2019 1:59 pm
Forum: Investing - Theory, News & General
Topic: How Investing Ability Changes With Age --blog post
Replies: 33
Views: 2821

How Investing Ability Changes With Age --blog post

https://www.silverlightinvest.com/blog/how-investing-ability-changes-age Short and interesting: However, “older investors have worse investment skill, where the skill deteriorates sharply around the age of 70.” In fact, “older investors earn about 3-5% lower annual return on a risk-adjusted return ...
by Derby
Sat Feb 09, 2019 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house with son [and his girlfriend]
Replies: 169
Views: 11730

Re: Buying house with son [and his girlfriend]

No one has said it's a criminal act. What people are reacting to is that you have A LOT of expectations around this "help"/"gift". You've said it's: -early inheritance and money you don't need BUT you want to retain upside/control via ownership -payment for future lodging and eldercare -equity (and...
by Derby
Sat Feb 09, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Is $53 too much for life insurance for me and my wife?
Replies: 36
Views: 2812

Re: Is $53 too much for life insurance for me and my wife?

Brings up a question of at what asset level would one feel comfortable with dropping disability insurance? Assuming low risk office job. There are all kinds of ranges to disability so hard to answer question. I guess I don’t feel like the risk is super high. Don’t actually think we have any. First ...
by Derby
Tue Feb 05, 2019 6:26 pm
Forum: Investing - Theory, News & General
Topic: Crypto Exchange goes bankrupt after owner dies with only password
Replies: 90
Views: 11898

Re: Crypto Exchange goes bankrupt after owner dies with only password

Iorek wrote:
Mon Feb 04, 2019 11:05 pm
I saw someone on twitter refer to cryptocurrency as dunning-krugerrands.
This made me *snortlaugh* out loud.
by Derby
Fri Jan 25, 2019 2:38 pm
Forum: Personal Investments
Topic: Investing in a rental property - first time investor
Replies: 21
Views: 1756

Re: Investing in a rental property - first time investor

Head over to biggerpockets.com and post ALL your data. You'll get at least some good advice. Generally speaking, expenses will be about 40-50% of rent NOT including your mortgage payment. And don't forget to include vacancy and capital expenditures in your expenses. Are you sure it will cash flow li...
by Derby
Sun Dec 23, 2018 2:01 pm
Forum: Personal Consumer Issues
Topic: Email Accounts - How Many / Security / Best Practices
Replies: 46
Views: 3983

Re: Email Accounts - How Many / Security / Best Practices

The other cool thing you can do with gmail is use a + sign to let you know who using the address, instead of creating multiple dummy email accounts. For ex: myaccount+vanguard@gmail.com , myaccount+sketchywebsite@gmail.com and myaccount+giftcatalog.I.used.once@gmail.com will all go to myaccount@gmai...
by Derby
Sun Dec 23, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling to accurately calculate if taking cash advance was worth it
Replies: 28
Views: 1920

Re: Struggling to accurately calculate if taking cash advance was worth it

OP, you should spend some time over at The White Coat Investor. It will save you a lot more $$$, with no risk.

https://www.whitecoatinvestor.com
by Derby
Thu Dec 20, 2018 12:20 am
Forum: Personal Consumer Issues
Topic: My son was scammed on Craigslist- how to get money back
Replies: 55
Views: 11273

Re: My son was scammed on Craigslist- how to get money back

My grandparents were scammed, although slightly different. Short version, they got a phone call, scammer said "hey grandpa, this is your favorite grandson." Grandfather says, "Bill?" Scammer says, yes, lol...simple as that. He was vacationing in mexico, now in jail, dont tell anyone, wire money, et...
by Derby
Sun Dec 16, 2018 3:47 pm
Forum: Personal Consumer Issues
Topic: Lottery Tickets
Replies: 30
Views: 1826

Re: Lottery Tickets

I don't need any problems with the Commerce Department, or Postal Inspectors. How about I send them a $2.00 bill? Funny you should mention this, I just received a two dollar bill yesterday from Steve at TripInsuranceStore.com. (I mention him by name just because I heard of him through this forum. I...
by Derby
Sat Dec 01, 2018 11:31 pm
Forum: Personal Investments
Topic: My kid's retirement
Replies: 49
Views: 3649

Re: My kid's retirement

Sorry but this seems like it would raise red flags with the IRS. It doesn’t sound legit to employ your own kid as a model. Why not? WhiteCoatInvestor does. But he has a legitimate business use for the photos of his kids. I don't think the IRS would look kindly on someone taking photos of their "mod...
by Derby
Fri Nov 30, 2018 1:10 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads justify taking vacation?
Replies: 102
Views: 5201

Re: How do Bogleheads justify taking vacation?

So can Bogleheads and financially prudent people explain to me... WHY do you take vacation? Are you not upset over wasting so much time and money? This may be shocking for you to find out...but other people don't feel the same way you do about everything. Crazy, huh? I didn't work hard and save jus...
by Derby
Thu Nov 29, 2018 12:40 am
Forum: Personal Investments
Topic: Marijuana [Stock]
Replies: 51
Views: 5737

Re: Marijuana

kevinpet wrote:
Wed Nov 28, 2018 8:40 pm
In other words, why should I be underweight marijuana?
After you get the munchies you'll switch to overweight.
by Derby
Sun Nov 25, 2018 4:49 pm
Forum: Personal Investments
Topic: Inheritance and Financial Advisor (Advice Please!)
Replies: 16
Views: 2145

Re: Inheritance and Financial Advisor (Advice Please!)

I had a similar situation with my father's accounts at Schwab. He is still alive, but I was helping him get his financial affairs simplified. My father's annuity was worth about 250K with a basis of only 65K, so we contacted Vanguard to arrange the 1035 exchange to a Vanguard annuity to save about $...
by Derby
Thu Nov 22, 2018 4:32 pm
Forum: Personal Consumer Issues
Topic: Tiny Baby Spiders on my Toaster
Replies: 40
Views: 3394

Re: Tiny Baby Spiders on my Toaster

It seems you have wisely invested in SPDR, which approximates a Toaster Market Insect Fund. And, over time, your holdings have multiplied, which is of course the expected outcome. Congratulations! Review your IPS (Insect Progeny Statement) to plan your next steps. It may be time to re-balance to yo...
by Derby
Sun Nov 18, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property Mortgage Pay-Off -- Liability
Replies: 7
Views: 973

Re: Rental Property Mortgage Pay-Off -- Liability

Your friends are wrong. Your solution is correct: Have sufficient insurance.
by Derby
Sat Nov 10, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: FreeTaxUSA.com now has 2018 Return available.
Replies: 36
Views: 5364

Re: FreeTaxUSA.com now has 2018 Return available.

Does their system allow you to views the actual tax forms while you're filling in your information? The TaxHawk website says, "You can print your return for free once you've completed the filing process." I wasn't sure if I should read that literally to mean that I can't see my forms until after I'...
by Derby
Thu Nov 01, 2018 9:44 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2018!
Replies: 383
Views: 74371

Re: Roll Call for the Retirement Class of 2018!

So, unforeseen circumstances arose, and I ended up taking a Leave of Absence 6 months ago, and here it is, 6 months later, and nope, don't miss it a bit. So as of today (my 59th birthday), I am retired! I've lost 30 (excess) lbs in the last 6 months, to give you an idea how I feel about it, and I ha...
by Derby
Wed Jun 13, 2018 8:25 pm
Forum: Personal Consumer Issues
Topic: Does anyone use Imperfect Produce?
Replies: 9
Views: 1328

Re: Does anyone use Imperfect Produce?

I use it and like it. It's definitely cheaper than Safeway or Trader Joe's, although on some items the Chinese grocery down the street can beat them. A lot of their produce is surplus, which is why it doesn't look too imperfect. I'm pleased with the selection of items and the convenience, which make...
by Derby
Thu Apr 26, 2018 12:45 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financial Perils Of Old Age
Replies: 94
Views: 15602

Re: Larry Swedroe: Financial Perils Of Old Age

I read this (https://www.nytimes.com/2015/05/17/magazine/the-last-day-of-her-life.html) article in 2015 and it stayed with me. I have a pdf saved for reference and my spouse read it too. It is a long but worthwhile read if you are thinking seriously about this topic. Not to get too morbid, but my p...
by Derby
Sun Apr 22, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: How long have you been unemployed?
Replies: 97
Views: 12476

Re: How long have you been unemployed?

Hmmm, I've been unemployed for 1 hour and 6 minutes as of this post.
We lost our contract and last night was my last shift. Feels odd. I was planning on retiring this year, but I was sort of hoping to chose the exact date myself. :oops:
by Derby
Sat Apr 07, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Wills and Trusts - Things to consider?
Replies: 11
Views: 1231

Re: Wills and Trusts - Things to consider?

If you are looking to educate yourselves, try Nolo Press's Will and Trust publications. Even if you don't DIY it, you will learn what questions to ask.
by Derby
Mon Apr 02, 2018 5:07 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 13192
Views: 2238287

Re: U.S. stocks in freefall

CoAndy wrote:
Mon Apr 02, 2018 11:39 am
Well, TimeLord posted a thread a couple months ago asking if anyone else was tired of the market going up. Wonder what his thoughts are right about now?
He's going to put off retiring for one more year. :mrgreen:
by Derby
Sun Apr 01, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in syndicated real estate deals
Replies: 11
Views: 1679

Re: Investing in syndicated real estate deals

I have about 15% of my investable NW in private equity RE syndications. If RE is location, location, location, these investments are sponsor, sponsor, sponsor. Do your due diligence carefully on the persons you're handing 50-100K to. It's just another form of RE diversification with less market corr...
by Derby
Sat Mar 31, 2018 12:31 pm
Forum: Personal Investments
Topic: Hotel Fund Investment Oppurtunity
Replies: 9
Views: 1096

Re: Hotel Fund Investment Oppurtunity

The terms you've listed appear pretty standard for this sort of deal, but as usual, the devil is in the details. Some things just off the top of my head: Who approached you with this deal? Who is the sponsor? Can you verify the previous successes? Can you call or meet with them? How responsive are t...
by Derby
Sat Mar 31, 2018 11:57 am
Forum: Personal Consumer Issues
Topic: $20,000 book - what to do with it
Replies: 34
Views: 7039

Re: $20,000 book - what to do with it

Please come back and revive this thread to tell us more about the book when you can!
by Derby
Tue Mar 27, 2018 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Los Angeles Condo Purchase Advice
Replies: 53
Views: 4989

Re: Los Angeles Condo Purchase Advice

You have a negative net worth right now, and you want to buy a condo that's almost 4x your income? And have total debt of almost 1.2 MILLION Dollars?
(At least. Do you have car loans or credit card debt as well?)

Sounds like a really bad decision to me.
by Derby
Thu Feb 15, 2018 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice; Significant Student Loan Burden
Replies: 26
Views: 2781

Re: Need advice; Significant Student Loan Burden

Congratulations! It's always nice to get an update. :sharebeer
by Derby
Thu Feb 15, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Strategy to sell a sought-after condo
Replies: 15
Views: 1348

Re: Strategy to sell a sought-after condo

There is a real estate agent in our area who seems to have the following M.O. during seller-friendly markets. Holds an open house over an upcoming weekend. Home is available for touring for a few hours on both Saturday and Sunday. (in addition to other times agreeable to seller leading up to the we...
by Derby
Sat Jan 27, 2018 11:19 pm
Forum: Personal Investments
Topic: Have Enough, Should I now time market?
Replies: 31
Views: 4909

Re: Have Enough, Should I now time market?

Glad you asked this question, as I am in the same circumstance. More than enough assets, no need to take on risk, but I have been buy and hold all my life, and now that I am retired and staring at the big balances am thinking: a) No need to risk. b) No need to avoid risk. Male 67 yoa, retired, wido...
by Derby
Sat Jan 27, 2018 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 3611

Re: Trip cancellation insurance

Another +1 to https://tripinsurancestore.com . The website looks straight out of 1990 geocities, :D but Steve, the owner is great and will not hesitate to tell you if you shouldn't buy trip insurance. I never buy trip insurance, but I'm planning a pretty pricey trip, and he's been very helpful with ...
by Derby
Wed Jan 24, 2018 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Contemplating Selling a Rental Property
Replies: 15
Views: 1519

Re: Contemplating Selling a Rental Property

Just not sure if I should suck it up for a few more years to make sure I don't lose money. I just have a feeling that I am one HVAC replacement away from having to deal with this property for another decade. Rip the band-aid off and sell it. You're already losing money. How will you feel if you get...
by Derby
Wed Jan 24, 2018 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: CA wouldn't tax a trust just because I'm the trustee...would they?
Replies: 5
Views: 786

Re: CA wouldn't tax a trust just because I'm the trustee...would they?

Thank you all for your responses. The parents have recently moved to Texas as well, and are meeting with a trusts & estates attorney there, so I imagine they'll get it arranged appropriately.

It never ceases to amaze me what this state will do to disincentivize business.
by Derby
Tue Jan 23, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: CA wouldn't tax a trust just because I'm the trustee...would they?
Replies: 5
Views: 786

CA wouldn't tax a trust just because I'm the trustee...would they?

A friend of mine is the successor trustee for her parents' low 8 figure estate. The beneficiaries of the trust are her children (the Grantors' grandchildren). Unfortunately my friend has some health issues, and they are considering making me an alternate trustee. The trust was made in PA, and all th...
by Derby
Tue Jan 09, 2018 12:19 am
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 306
Views: 46468

Re: Anyone disenchanted with retirement?

TLC1957 wrote:
Mon Jan 08, 2018 5:29 pm
Do not know how I would fit work into the schedule!
I must know half a dozen people who have said this almost verbatim. I plan to be one of them a year from now. :mrgreen: