Search found 663 matches

by CedarWaxWing
Sun Apr 21, 2019 10:30 pm
Forum: Personal Investments
Topic: Tapping into Roth to buy a house
Replies: 20
Views: 1160

Re: Tapping into Roth to buy a house

Well, the rentals made me far more than the market - because it is leveraged money. Not even close. There is also more risk and more time being consumed to attend to those properties, and again, less liquidity, at higher cost of selling than MFs. No free lunches... you may think your risk is not hi...
by CedarWaxWing
Sun Apr 21, 2019 10:24 pm
Forum: Personal Investments
Topic: Tapping into Roth to buy a house
Replies: 20
Views: 1160

Re: Tapping into Roth to buy a house

I would not recommend taking out the Roth funds. 1. You have plenty of real estate.... which will not be paid off for a lot more years. It provides diversification, and participation in the market... but also has more risk and is not liquid. The taxes and expenses to sell with not be significant whe...
by CedarWaxWing
Fri Apr 19, 2019 4:46 pm
Forum: Personal Investments
Topic: Fire my financial advisor now or later? (recent windfall help needed)
Replies: 44
Views: 3356

Re: Fire my financial advisor now or later? (recent windfall help needed)

BarnacleBob: I think you are way too kind in giving the benefit of the doubt to this so called FA, so you must be one heck of a nice guy! She knows what her job is, and she knows who she is supposed to satisfy... her company comes first. These companies are looking for people like that to represent...
by CedarWaxWing
Fri Apr 19, 2019 3:17 pm
Forum: Personal Investments
Topic: Fire my financial advisor now or later? (recent windfall help needed)
Replies: 44
Views: 3356

Re: Fire my financial advisor now or later? (recent windfall help needed)

Welcome, They eye rolls start as soon as you say what her response is. Especially this: "managed passive strategy" as its complete non speak meant to passivate and/or confuse you. An internal turnover of 3% is hardly anything and you will be in the top tax bracket pretty much no matter what you do ...
by CedarWaxWing
Sat Mar 30, 2019 5:01 pm
Forum: Personal Consumer Issues
Topic: Are independent garages cheaper than dealer?
Replies: 58
Views: 4108

Re: Are independent garages cheaper than dealer?

Warranty recall was done at the dealer... no charge of course. Dealer says: "You should get your fuel injection system cleaned." Me: Why. Fuel economy is unchanged, it runs great, I use Tier one fuel. Dealer: "We recommend you do it." Me: Why? Dealer: "All the dealers recommend it." Me: That does no...
by CedarWaxWing
Wed Mar 13, 2019 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle a spousal inherited 401 K?
Replies: 1
Views: 324

How to handle a spousal inherited 401 K?

A friend of our recently lost her spouse and has the following scenario: Husband died this year at age 63. Wife is age 64. Husband has a 401 K of about 1.5 million (or perhaps more) The Wife has his and her t IRAs worth a combined 60 K. SS will not be taken until Wife is 67 (her spouse's full retire...
by CedarWaxWing
Sun Mar 10, 2019 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Is a boglehead.org meeting tax deductible?
Replies: 14
Views: 1632

Re: Is a boglehead.org meeting tax deductible?

mickeyd wrote:
Sun Mar 10, 2019 4:02 pm
I think that cedarwaxwing should definitely take all Boglehead travel/entertainment expenses on his tax return. Note to cedarwaxwing: please let us know if it works (IRS falls for it).
My approach to life is simple... if it is not legal, I don't do it. :)
by CedarWaxWing
Sun Mar 10, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Is a boglehead.org meeting tax deductible?
Replies: 14
Views: 1632

Re: Is a boglehead.org meeting tax deductible?

Then again...I am self employed, as a retiree who makes my income by investing. If you make your income by investing your own portfolio, the IRS would not define you to be self-employed (and from a tax perspective you are better off that way!) Because if "self employed" ss taxes, medicare taxes wou...
by CedarWaxWing
Sun Mar 10, 2019 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Is a boglehead.org meeting tax deductible?
Replies: 14
Views: 1632

Re: Is a boglehead.org meeting tax deductible?

Then again...I am self employed, as a retiree who makes my income by investing. I do tend to agree with what the CPA says because I cannot find evidence that he is actually wrong, and the source he cites is the same as was cited by those to noted the recent tax law changes. Too bad for us ave guys.....
by CedarWaxWing
Fri Mar 08, 2019 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is a boglehead.org meeting tax deductible?
Replies: 14
Views: 1632

Is a boglehead.org meeting tax deductible?

According to the cpa who does my taxes... that meeting in Penn last October is not deductible. May I ask if anyone her who should know... that there any way he could simply be wrong? If he is wrong... or not... any supportable opinions on that concept are welcome, no matter where it goes. The intent...
by CedarWaxWing
Thu Jan 31, 2019 10:32 pm
Forum: Personal Investments
Topic: Considering Switching to Index Funds
Replies: 15
Views: 1255

Re: Considering Switching to Index Funds

Question: Are all these accounts with the same company? Is your 401k invested in American funds? If so, even if the E/Rs are low, you very possibly have high fees that you are not aware of. I have seen the fine print of a company that does 401 K programs using American Funds. Due to the "Fiduciary R...
by CedarWaxWing
Wed Dec 12, 2018 2:06 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 798
Views: 77353

Re: What frugal thing did you do today?

I think this is the most idiotic and a low-life thing one can do. This is not being frugal; this is downright theft. I believe it is illegal and I am sure if the person doing it is reported, the cop will find a way to write him up, or at least s/he should. What law was broken? When I was walking el...
by CedarWaxWing
Wed Dec 12, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 22467

Re: What percentage of your net worth is your home equity?

OP, I do not count my house as part of my net worth. If someone is counting the house as part of their net worth, they had bought too much house. KlangFool Actionably: I cannot pay my retirement expenses with the home I live in. And, it's not counted as net worth. And, is not related to my allocati...
by CedarWaxWing
Thu Dec 06, 2018 11:21 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 798
Views: 77353

Re: What frugal thing did you do today?

Built my own computer (with the help of my EE/CS son) which was a great deal better than one prebuilt, and a heck of a lot better machine with parts that can be replaced and upgrades as needed. Dual bootable also.
by CedarWaxWing
Thu Dec 06, 2018 11:12 pm
Forum: Personal Consumer Issues
Topic: portable jump starters
Replies: 72
Views: 5750

Re: portable jump starters

Most likely not a great idea. Many of those items are not high quality, and not likely to work when needed. You may consider making sure you have a good car battery that holds a charge, and have a good set of 4 gauge high quality battery cables for jump starts if need in a pinch. A good battery char...
by CedarWaxWing
Thu Dec 06, 2018 11:05 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 798
Views: 77353

Re: What frugal thing did you do today?

It's worse than cheap - downright dishonest. I wouldn't want a stranger's clothes drying with mine. How do I know what cooties are in it? That is JUST TERRIBLE and possibly illegal! Ok, calm down. I understand you wouldn't want a stranger's clothes drying with yours, but illegal? Come on. What law ...
by CedarWaxWing
Sun Dec 02, 2018 12:35 am
Forum: Personal Consumer Issues
Topic: Window condensation
Replies: 15
Views: 2152

Re: Window condensation

https://www.builditsolar.com/Projects/C ... lewrap.htm

Put bubble wrap on the windows for a winter insulation. Saves heat, I think it should also prevent the condensation.

After that, don't pull the blinds down...

Good luck.
by CedarWaxWing
Sat Dec 01, 2018 11:45 pm
Forum: Investing - Theory, News & General
Topic: The Coming Retirement Crisis - Real Vision
Replies: 14
Views: 3302

Re: The Coming Retirement Crisis - Real Vision

Create a crisis on film... and guess who can solve it if you buy their subscription for 180 per year...




https://www.realvision.com/founders/

All introduced with mega hype, and no factual information. I think I'll pass.
by CedarWaxWing
Sat Dec 01, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: "The Steak Dinner Annuity Pitch"
Replies: 68
Views: 7934

Re: "The Steak Dinner Annuity Pitch"

Fred Smith is a financial adviser. Let's say he works for himself, Fred Smith Annuities-For-Live, LLC. He runs a dinner, where he pays say $40 for each attendee, hoping to generate his livelihood. You go, knowing you won't buy even if Fred shows you how he can make green beans turn into gold. Fred ...
by CedarWaxWing
Sat Dec 01, 2018 12:36 am
Forum: Investing - Theory, News & General
Topic: Federal Reserve Report: Millennials are poorer than previous generations
Replies: 17
Views: 2276

Re: Federal Reserve Report: Millennials are poorer than previous generations

Part of it was the hit they took in 09. The other part is that they are still waiting to be rewarded for their existence :D My Millennials are doing better than I did at their age... 2 got two stem degrees withing 3.5 and 4.5 years, the other got his degree in 4, than a free MS in Europe in 2, a ye...
by CedarWaxWing
Sat Dec 01, 2018 12:20 am
Forum: Personal Finance (Not Investing)
Topic: "The Steak Dinner Annuity Pitch"
Replies: 68
Views: 7934

Re: "The Steak Dinner Annuity Pitch"

Recent thread on this very topic, most thought it was a good idea to get a free meal. I view it at 100% unethical. Before retirement... it would not be worth my time to go because I was too busy. Post retirement... not worth my time because I know I won't likely learn anything I cannot learn in a m...
by CedarWaxWing
Fri Nov 30, 2018 3:03 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads justify taking vacation?
Replies: 102
Views: 4764

Re: How do Bogleheads justify taking vacation?

I don't justify it. If someone wants me to justify it I let them worry about that on their own time, and place...while I am gone.
by CedarWaxWing
Thu Nov 29, 2018 6:08 pm
Forum: Personal Consumer Issues
Topic: Remodeling - tipping?
Replies: 56
Views: 2950

Re: Remodeling - tipping?

I pay contractors and subs the going rates... as determined by them. I have yet to meet someone who was really good who did not charge at least 75 dollars per hour. I was 40 years old before I made anything near that much, and yes, no contractors gave me a reduces charge due to my financial situatio...
by CedarWaxWing
Tue Nov 27, 2018 11:40 pm
Forum: Personal Consumer Issues
Topic: Electricity bill should be 7% per month of home sq footage.
Replies: 66
Views: 4077

Re: Electricity bill should be 7% per month of home sq footage.

https://www.chooseenergy.com/electricity-rates-by-state/ Better insulation is usually good, but the person who "inspected" the house is not the guy to take advice from. Get a state sponsored person if possible to take a look and make recomendations. R 36 in the attic is good, and likely more than wh...
by CedarWaxWing
Tue Nov 27, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: 23 years old 40K saved. What would you do?
Replies: 39
Views: 3444

Re: 23 years old 40K saved. What would you do?

2018: 6k to your parents for the mortgage pay down. Jan 2019: IF eligible, 6k to the Roth. Sometime in 2019: payoff your parents mortgage. Save save save until then I can definitely stick to saving! I may not be eligible in 2019 for the Roth if I decide to continue graduate school getting "unearned...
by CedarWaxWing
Mon Nov 26, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Being a Good Son
Replies: 22
Views: 3387

Re: Being a Good Son

Have you done these things for your own family? If not, it may be diplomatic to start the process, and ask your parents if they have any suggestions as to whom to use in planning your estate and will. Taylor Larimore sent a very nice post a couple of years ago listing what he has done. https://www.b...
by CedarWaxWing
Sat Nov 24, 2018 7:43 pm
Forum: Personal Consumer Issues
Topic: Car advice - new attending - what to buy?
Replies: 37
Views: 3873

Re: Car advice - new attending - what to buy?

If you want something good in snow... get snow tires for the winter. I like SUVs in the snow, but with good winter tires you should be ok with any fwd or awd car. Honda, Toyota, Subaru are all very good in the snow, and even better with the right winter tires, especially since they help you to stop ...
by CedarWaxWing
Thu Nov 22, 2018 5:27 pm
Forum: Investing - Theory, News & General
Topic: OptionSellers.com FAQ “Have I lost all the money in my account, then?” “Yes.” You also have a negative balance
Replies: 23
Views: 2977

Re: OptionSellers.com FAQ “Have I lost all the money in my account, then?” “Yes.” You also have a negative balance

This isn't an apology: Cordier explained that volatility in the oil and natural gas markets created “a rogue wave I was unable to navigate” and that “this rogue wave capsized our boat.” This is a classic example of a non-apology apology. A non-apology apology occurs when someone uses the word "sorr...
by CedarWaxWing
Thu Nov 22, 2018 5:25 pm
Forum: Investing - Theory, News & General
Topic: OptionSellers.com FAQ “Have I lost all the money in my account, then?” “Yes.” You also have a negative balance
Replies: 23
Views: 2977

Re: OptionSellers.com FAQ “Have I lost all the money in my account, then?” “Yes.” You also have a negative balance

Quote from one of his clients on Amazon review of his book. https://www.amazon.com/gp/customer-reviews/R1N8LM3SUZ8GLM/ref=cm_cr_arp_d_rvw_ttl?ie=UTF8&ASIN=0071837620 FearFact 1.0 out of 5 starsDo Not Buy, Unless you plan on burning the book. I lost $500k+ November 19, 2018 Format: Kindle Edition I ...
by CedarWaxWing
Thu Nov 22, 2018 5:13 pm
Forum: Investing - Theory, News & General
Topic: OptionSellers.com FAQ “Have I lost all the money in my account, then?” “Yes.” You also have a negative balance
Replies: 23
Views: 2977

Re: OptionSellers.com FAQ “Have I lost all the money in my account, then?” “Yes.” You also have a negative balance

Interestingly, he pitched his investing as "conservative"... “Our goal is to take an aggressive vehicle and manage it conservatively.” https://www.zerohedge.com/news/2018-11-18/optionsellerscom-goes-dark-after-catastrophic-loss-event-natgas-short-squeeze That sort of sounds like, "We will take a la...
by CedarWaxWing
Thu Nov 22, 2018 3:24 pm
Forum: Personal Consumer Issues
Topic: Floodlight with motion sensor
Replies: 17
Views: 1141

Re: Floodlight with motion sensor

Look at RAB Lighting much better than the stuff at the big box stores. I've had a standard one (Super Stealth 360) with LED bulbs working flawlessly for a number of years. Looks like they have new units with the LED integrated. +1 I replaced an inexpensive (circa $75) motion detector light from Hom...
by CedarWaxWing
Thu Nov 22, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: What financial information do you share with your family and relatives?
Replies: 112
Views: 9960

Re: What financial information do you share with your family and relatives?

I share no info related to personal investments or compensation. If asked about investing advice, I simply refer them to Bogleheads.org. There are several in-laws in the family that can't have a conversation without asking "how much did that cost"? Another favorite question is "did you get a good d...
by CedarWaxWing
Mon Nov 19, 2018 3:50 pm
Forum: Personal Investments
Topic: I can't take this anymore=) I'm selling stocks and buying bonds!
Replies: 132
Views: 22275

Re: I can't take this anymore=) I'm selling stocks and buying bonds!

To pretend real estate values don't fluctuate is no better nor worse than pretending securities values don't change. Pretending so may make a person feel more comfortable - and yet it fluctuates. PJW Huge difference. Most of my rentals pay 20%+ in net cash flow on my initial investment . Typical de...
by CedarWaxWing
Mon Nov 19, 2018 2:16 pm
Forum: Investing - Theory, News & General
Topic: Question for MDs: How much math required for med school?
Replies: 9
Views: 1069

Re: Question for MDs: How much math required for med school?

https://www.washington.edu/uaa/advising/academic-planning/pre-health-pre-law/pre-health/planning-for-specific-healthcare-professions/medicine/ https://www.ohsu.edu/xd/education/schools/school-of-medicine/academic-programs/md-program/admissions/requirements.cfm https://www.washington.edu/uaa/advising...
by CedarWaxWing
Sat Nov 17, 2018 3:16 am
Forum: Personal Finance (Not Investing)
Topic: Update Re: Hubby soon to be laid off
Replies: 26
Views: 4972

Re: Update Re: Hubby soon to be laid off

Very cool and uplifting story !
by CedarWaxWing
Thu Nov 15, 2018 9:47 pm
Forum: Personal Consumer Issues
Topic: Did millennials really get the short straw?
Replies: 16
Views: 2246

Re: Did millennials really get the short straw?

Relative to what, when, whom? In the 1960s people were drafted and sent into a nasty jungle war... lost years of productivity and/or education. In the 1940s... people fought WW2, and were raised during the Great Depression, with parents that could barely feed their families. In the 1980s... jobs hav...
by CedarWaxWing
Thu Nov 15, 2018 7:09 pm
Forum: Personal Investments
Topic: Oops! Edward Jones tops Vanguard in customer survey
Replies: 50
Views: 5436

Re: Oops! Edward Jones tops Vanguard in customer survey

I have always had very good service at VG... esp if I have a phone appointment for some clarification. (not often needed) EJ... about 27 years ago or so, (when I really knew nothing much about investing) I had occasion to talk to an EJ person soliciting my business. He claimed to be an investing adv...
by CedarWaxWing
Thu Nov 15, 2018 2:17 pm
Forum: Personal Investments
Topic: My Grandmother has 80% stocks
Replies: 55
Views: 5804

Re: My Grandmother has 80% stocks

...84 year olds are not traveling the world or buying new cars so doubtful she is going to outlive her money. Good luck. A few on this board might disagree with you. :x Gill Oops, forgot to tell my mom to turn in her passport and quit buying cars at 80. But she had a heck of a time not knowing that...
by CedarWaxWing
Thu Nov 15, 2018 12:17 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 54
Views: 2945

Re: Investment advisors- is regulatory burden higher on fiduciaries?

by putting less money into the hands of their customers they put more money into their own hands. There is money on the table. Either you can have it, or your customer can have it. If you take it, then your customer, by definition, cannot have it. Therefore you have enriched yourself at your custom...
by CedarWaxWing
Wed Nov 14, 2018 4:46 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 54
Views: 2945

Re: Investment advisors- is regulatory burden higher on fiduciaries?

If the adviser is charging a 1%, they may be using F-shares from American funds. This class of shares does not carry a load or charge a 12b-1 fee. From the American Funds site : Class F-1, F-2, F-3 and 529-F-1 shares: You pay an asset-based fee for F-1, F-2, F-3 or 529-F-1 shares based on your fina...
by CedarWaxWing
Wed Nov 14, 2018 4:33 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 54
Views: 2945

Re: Investment advisors- is regulatory burden higher on fiduciaries?

I cannot tell you how many people I have met that bought (were sold) AGTHX and think that the "since fund inception returns" are something they should expect to see on ave forever. AGTHX is a fine fund as well as the rest of AF's and I actually think they will do better than most actively managed f...
by CedarWaxWing
Tue Nov 13, 2018 11:27 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 54
Views: 2945

Re: Investment advisors- is regulatory burden higher on fiduciaries?

[/quote] You may inform him that the 4 AF mutual funds I've seen used to replicate the S&P (AMRMX/AIVSX/AGTHX/AMCPX) combine in 25% weights to under perform the S&P on a 10/15 year period. This is before any loads. The 12b-1 has not been made up at least over these time stretches (again, before load...
by CedarWaxWing
Tue Nov 13, 2018 4:04 pm
Forum: Personal Consumer Issues
Topic: Fuel system cleaning for old SUV $269!!
Replies: 17
Views: 1260

Re: Fuel system cleaning for old SUV $269!!

They are padding the service ticket. There is no such thing as combustion debris removal to improve MPG. Decline the service and find an honest independent shop to keep that old Lexis going a few more years. Only fix specific clearly defined problems that are necessary for proper function and safet...
by CedarWaxWing
Mon Nov 12, 2018 9:36 pm
Forum: Personal Consumer Issues
Topic: Fuel system cleaning for old SUV $269!!
Replies: 17
Views: 1260

Re: Fuel system cleaning for old SUV $269!!

I went through this issue on my other older car (Toyota Rav 4 was the one I think) . The shop recommended a fuel system "flush"... and the car was working fine. They justified it my "we recommend that to everyone after xxx miles". I scoured the net for evidence that doing this makes sense... and cou...
by CedarWaxWing
Mon Nov 12, 2018 2:08 am
Forum: Personal Consumer Issues
Topic: Trying to move out.
Replies: 25
Views: 2052

Re: Trying to move out.

When introducing the two male dogs... it may be more likely to go well if 1. The male belonging to your lady friend knows you well and sees you as a welcome member of his family, and as someone he is subservient to. 2. The males are introduced while the female dog is not present. 3. They are introdu...
by CedarWaxWing
Mon Nov 12, 2018 12:41 am
Forum: Personal Consumer Issues
Topic: Direct Primary Care-Anyone use it?
Replies: 40
Views: 3443

Re: Direct Primary Care-Anyone use it?

A friend of mine had this. It has not gone well. The doctor poorly supervised a medication change, my friend ended up in the hospital, and the doctor has largely ducked her calls since then. That would definitely be an outlier. The Direct Primary Care (DPC) physicians have much smaller panels than ...
by CedarWaxWing
Sun Nov 11, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Stop paying on life insurance policy?
Replies: 33
Views: 2603

Re: Stop paying on life insurance policy?

Considering your young age, and the children's young ages, the costs of raising and educating children, and the difficulty of managing a demanding work life as a single parent, and your ability to pay the premiums, I would keep the term until it expires, and would consider buying more term at this t...
by CedarWaxWing
Wed Nov 07, 2018 2:46 pm
Forum: Personal Consumer Issues
Topic: Should I demand a refund from a dentist who installed a bad crown?
Replies: 21
Views: 2697

Re: Should I demand a refund from a dentist who installed a bad crown?

You need to find a dentist you trust to give you good advice and follow that advice. If your crown is ill fitting because the work was not properly done that is a different situation than the tooth not being appropriate for a crown before you had that work done, or after the work was done due to the...
by CedarWaxWing
Wed Nov 07, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Need help! 3 HVAC intstallation quotes
Replies: 24
Views: 1806

Re: Need help! 3 HVAC intstallation quotes

Why is repair not an option? That is a very valid question... I have had 3 companies tell me the same with mine... and I found that all I needed was a capacitor and blower motor at very little cost... that was 4 years ago, and it is working great. I have found that most of these so called repairmen/...