Search found 156 matches

by sixty40
Mon Oct 16, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Account or Authorized Agent
Replies: 1
Views: 145

Joint Account or Authorized Agent

I would like to help my child manage his (new) Vanguard account for now, he is 20 yrs old and has limited knowledge in managing his money at this time. He has about $15000. My thought is to open a Joint Account or use the Fully Authorized Agent method. At a later date, I will remove myself from the ...
by sixty40
Mon Oct 16, 2017 12:43 am
Forum: Personal Consumer Issues
Topic: contributing to friend's non-profit?
Replies: 36
Views: 1885

Re: contributing to friend's non-profit?

I would attend and contribute if it was a close friend in my "inner circle" of friends, no questions asked, they would do the same for me. Outside of that it would depend on many factors, and I would not have a problem saying no thank you if the cause is something I am not passionate about. I would ...
by sixty40
Sun Oct 15, 2017 11:10 am
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 3839

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

IMO, dealing in absolutes is never a good thing. You have every right to not take business from a client that is doing something you think is dangerous to them and others. To what level does this go? What if they had a felony or misdemeanor, is that acceptable? Convicted of drunk driving or driving ...
by sixty40
Sat Oct 14, 2017 1:09 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 128
Views: 9005

Re: anyone else not liking the new cars?

Japanese cars have always been "what were they thinking?" design wise with occasional strokes of brilliance (S2000, all NSX, Supra, the Z family). Acura used to have beautiful cars across the lineup until they decided to add the stupid beak to the grill. That bad idea has now migrated to the Honda ...
by sixty40
Sat Oct 14, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: Car Buying, Time to grow up.
Replies: 59
Views: 4866

Re: Car Buying, Time to grow up.

Unless you have a high paying job, I would recommend paying cash and not financing. I never liked making monthly payments for anything (except for a home of course, no option). I have always paid cash for all cars. Don't get into the habit of financing anything, to me it is a bad habit and slippery ...
by sixty40
Sun Oct 08, 2017 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Sell or keep shares of a private company?
Replies: 39
Views: 2204

Re: Sell or keep shares of a private company?

So the base is $1.0M, the upside is $5.0M, and is the realistic downside $0 (or higher)? I would look at the potential upside and potential downside as a matter of percentage. If upside is 50% and downside is 10%, I would hold onto it. If upside is 10% and downside is 50%, I would take the $1.0M. O...
by sixty40
Fri Oct 06, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or keep shares of a private company?
Replies: 39
Views: 2204

Re: Sell or keep shares of a private company?

So the base is $1.0M, the upside is $5.0M, and is the realistic downside $0 (or higher)? I would look at the potential upside and potential downside as a matter of percentage. If upside is 50% and downside is 10%, I would hold onto it. If upside is 10% and downside is 50%, I would take the $1.0M. On...
by sixty40
Fri Oct 06, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: bonus tax question
Replies: 7
Views: 506

Re: bonus tax question

We just issued bonuses to the officers in our company. There are 3 categories that the employee can control which are; 401k contribution, federal tax, and state tax(if applicable). We ask each employee how much they want deducted in these categories, they can choose Standard for the taxes. You canno...
by sixty40
Tue Oct 03, 2017 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: FA Offering Financial Instrument--Turn $90K into $360K
Replies: 18
Views: 1802

Re: FA Offering Financial Instrument--Turn $90K into $360K

One thing I would ask is that, at the end of the 14 yr term can I withdraw all the funds out w/o any penalty or fees? I am assuming the answer is NO. Whether you have actually quadrupled your money in 14 yrs is irrelevant if you cannot withdraw it, it may only look like it on paper. I would imagine ...
by sixty40
Mon Sep 18, 2017 2:48 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "entertainment"?
Replies: 50
Views: 3389

Re: How much do you spend on "entertainment"?

I think age and income matters, so looking back when I was in mid 20's with my first job: - Happy hour about once per week after work, about $16 each time (2 drinks x $4, happy hr food at $8) - No hobbies - Saving money to buy 1st home. - Had a girl and future wife at the time, per week (1)movie, (2...
by sixty40
Sun Sep 17, 2017 10:39 pm
Forum: Personal Consumer Issues
Topic: Best if used by, sell by?
Replies: 26
Views: 3124

Re: Best if used by, sell by?

tim1999 wrote: ↑
Thu Feb 09, 2017 4:22 pm
sixty40 wrote:I just had a can of V8 with a date of 9/5/2010. I'll let you know if anything happens by tomorrow.
You still there? It's been a few days....
Tim1999, I am still here! :happy I have a few more cans left.
by sixty40
Sun Sep 17, 2017 10:13 pm
Forum: Investing - Theory, News & General
Topic: Help! - How to improve small company 401k?
Replies: 19
Views: 1777

Re: Help! - How to improve small company 401k?

To the OP, We are also a small engineering firm and I am one of the trustees of our 401K and it is with American Funds (AF), but we have the R3 class and the expenses are in the 1.0% range. I think we picked up some upfront costs as a company to go with R3 shares so all the employees (I am also an e...
by sixty40
Sun Sep 17, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Pocket money allowance for college student
Replies: 48
Views: 2677

Re: Pocket money allowance for college student

I think a part time job, maybe after the freshman year, is a good thing and I do not think it takes away from studies. As I recall, there is a lot of free (non-study) time in college, but I did not go to a highly prestigious university that may have required more work. I studied engineering at a sta...
by sixty40
Sun Sep 17, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Pocket money allowance for college student
Replies: 48
Views: 2677

Re: Pocket money allowance for college student

My oldest is in his final year at UC Santa Cruz and my middle child will be starting college next year (at least that is the plan). Luckily we have saved up enough to pay for our kids education. For my oldest we paid/pay for all his college related expenses such as tuition, room and board, books, et...
by sixty40
Sat Sep 09, 2017 10:12 am
Forum: Personal Consumer Issues
Topic: HVAC AC and furnace replacement quandary
Replies: 21
Views: 2483

Re: HVAC AC and furnace replacement quandary

I find the NextDoor app useful in cases like this. Many people in the neighborhood have situations where they need work done, they ask others about who they used or recommend and people seem to give honest responses. You should give it a try.
by sixty40
Thu Sep 07, 2017 6:28 am
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 24230

Re: Name something you had to have and now you regret purchasing it?

Airline tickets to Miami so I could go diving in the Keys from Friday - Wednesday. The car rental and the hotel both refunded my money with no hassle but the airlines are insisting on a $200 penalty for each way. Neither direction cost $200. Similar thing happened to me. It may be about 12 yrs ago,...
by sixty40
Fri Sep 01, 2017 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds And Taxex?
Replies: 3
Views: 509

Re: Muni Bonds And Taxex?

Comparison of SEC Yield, Distr Yield, Duration, Price range last 52-weeks. Based on VG funds. VBTLX Total Bond Mkt: 2.34%, 2.48%, 6.1 yrs, 5.40% VWITX Inter-term Muni: 1.64%, 2.70%, 5.2 yrs, 5.82%. The distribution yield, which is what you will get 'today" is much higher than the SEC Yield, and is h...
by sixty40
Fri Sep 01, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Necessary time horizon to consider investing in municipal bonds
Replies: 7
Views: 672

Re: Necessary time horizon to consider investing in municipal bonds

Also one's tax bracket is not the effective tax rate. If you are at the 33% bracket, all the monies you are taxed before that is at a lower rate, so your effective rate is lower than your highest bracket. This is true, but our wage income dwarfs would still dwarf any interest coming from taxable bo...
by sixty40
Fri Sep 01, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Necessary time horizon to consider investing in municipal bonds
Replies: 7
Views: 672

Re: Necessary time horizon to consider investing in municipal bonds

I think the OP should also consider risk. I believe from a safest to less safe standpoint, it is; Treasury, Muni, Intermediate/Total Bond, Investment grade, and lastly High Yield. Typically unless weird market conditions, the higher the yield the higher risk. Total Bond has more risk than Muni so it...
by sixty40
Fri Sep 01, 2017 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Question about Vanguard REIT ETF (Symbol VNQ)
Replies: 7
Views: 678

Re: Question about Vanguard REIT ETF (Symbol VNQ)

A question for anyone who owns VNQ: I am thinking about buy some shares of VNQ so I can have some real estate exposure in my taxable account. Is there anything about this ETF that complicates your personal taxes? I knew someone who owned securities of "Partnerships". He had to wait until late March...
by sixty40
Mon Aug 28, 2017 7:54 pm
Forum: Investing - Theory, News & General
Topic: Can't reinvest Municipal MMF dividends?
Replies: 10
Views: 1379

Re: Can't reinvest Municipal MMF dividends?

I have the CA Muni MMF and is has 4 options for dividends and cap gains; Reinvest, Transfer to a Bank Acct, Transfer to a Vanguard Fund, and Mail by Check. I would imagine the Muni MMF would be the same. Which option did they pick for you? Since it is pegged to $1/sh there should be not much to it. ...
by sixty40
Sat Aug 26, 2017 3:26 pm
Forum: Personal Consumer Issues
Topic: Is this a poor decision? [Trade-in pickup truck for Subaru Forester]
Replies: 16
Views: 1168

Re: Is this a poor decision?

Comparing the cost of ownership per year and for 4 yrs. Assume 10,000 miles per yr for work (40 miles x 5 days x 50 weeks/yr) and gas at $3.00/gal. Assume maintenance & insurance the same for both cars. Tacoma per yr = ($330x12)+(10000mi/18mpg)x$3/gal = $5627/yr. After 2nd yr, gas only = $1667/yr. S...
by sixty40
Wed Aug 23, 2017 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 16808

Re: What should the savings be for an average professional

In the Millionaire Next Door, author Stanley says something like this: (age x income) / 10 = expected net worth Wow, that comes out to 504K with the numbers I had in my post ( 120K * 42 /10) assuming a person starts working at 22. So my rough approximation is not totally off base then. Also from Th...
by sixty40
Tue Aug 22, 2017 11:08 am
Forum: Personal Consumer Issues
Topic: Returning / Exchanging purchased items ?
Replies: 24
Views: 1654

Re: Returning / Exchanging purchased items ?

I think it depends on the type of person "you" are. I know some some people who have told me that when they go to Hawaii, they buy lounge chairs and stuff at Costco, when they are done with their trip they return them and get their money back. I have talked to them about it and they do not see anyth...
by sixty40
Thu Aug 17, 2017 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Kitchen Remodel Price/Contractor Dispute
Replies: 37
Views: 3909

Re: Kitchen Remodel Price/Contractor Dispute

I agree with the earlier post by the contractor WJW and others who say just have to bite the bullet and pay it. Principal aside, the contractor can put a lien on your property which would probably take much more aggravation to clear up. Although I am not a contractor, I am on the design side, almost...
by sixty40
Sun May 14, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: How Old Habits Can Sabotage Retirement
Replies: 51
Views: 8008

Re: How Old Habits Can Sabotage Retirement

I just cannot agree with others who say one needs to spend money for fullfillment, I do not mean to put words in anyone's mouth. Yes I agree that extremes can be bad but I do not to feel it does harm. If the enjoyment is in the pursuit, I do not see a problem. I inherently save, I did not need to ha...
by sixty40
Sun May 14, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 10715

Re: Was there a $$$ number after which things got easier?

For me it was when a decent days stock market movement was equivalent or more than what our family would spend for one month's expenses. I consider a 1-1.5% move in the market a fairly decent event. So at $1.0M, 1% movement is $10k-$15k, which is a more than we spend each month in living expenses. A...
by sixty40
Sun May 14, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: How Old Habits Can Sabotage Retirement
Replies: 51
Views: 8008

Re: How Old Habits Can Sabotage Retirement

Is saving money your whole life and not really ever spending much of it a bad thing? What if the enjoyment is in the saving, and the pain is in the spending? Every so often there are articles of people who has accumulated vast wealth relative to their lifetime income, and when they pass at an old ag...
by sixty40
Fri May 05, 2017 4:33 am
Forum: Personal Finance (Not Investing)
Topic: calculating work related mileage as an employee
Replies: 10
Views: 1344

Re: calculating work related mileage as an employee

The work related mileage would be 12 miles, the entire portion since it is not your normal commute. This is what we pay our employee when we have her go to the bank on her way home. And we also have her leave earlier so it is under her work hours. Your boss, in a sense, is taking advantage of you fo...
by sixty40
Tue Apr 25, 2017 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: $1m capital gains, worth it to simplify and index?
Replies: 46
Views: 4701

Re: $1m capital gains, worth it to simplify and index?

I have a couple of funds that I have owned for a long time and although they have done fairly well, they distribute a lot in cap gains and dividends, some years in the 7% to 10% range, and I just want to limit my tax bill. What I have done is stopped reinvesting the dividends and cap gains and just ...
by sixty40
Thu Mar 23, 2017 6:50 pm
Forum: Personal Consumer Issues
Topic: Small appliance electrical safety
Replies: 37
Views: 2175

Re: Small appliance electrical safety

..., the electrical code recommends (maybe mandates - I'm not a code expert) that no single device on a circuit be designed to draw more than 75~80% of the max theoretical capacity. Therefore the highest power consumer devices you will find that are rated for typical 15A 120V circuits are no more t...
by sixty40
Thu Mar 23, 2017 10:59 am
Forum: Personal Consumer Issues
Topic: Small appliance electrical safety
Replies: 37
Views: 2175

Re: Small appliance electrical safety

The output of 1000 W heats the food, the "rated power consumption" or input of 1450 W is the load is on the circuit. If you want to know how much heat goes into the food use a thermometer, a stop watch and a couple of liters of water. Specific heat capacity of water is 4200J/kg/K. This is...
by sixty40
Thu Mar 23, 2017 12:21 am
Forum: Personal Consumer Issues
Topic: Small appliance electrical safety
Replies: 37
Views: 2175

Re: Small appliance electrical safety

1000 Watts is about 8.4 Amps at 120 Volts Note that a '1000W' microwave probably draws more than 1000W. For example, I just checked our microwave. On the front it prominently says '1250 Watts', but if you find the nameplate amperage/voltage, it actually draws 1524 watts. I suspect the 1250 is what ...
by sixty40
Wed Mar 22, 2017 11:20 pm
Forum: Personal Consumer Issues
Topic: Small appliance electrical safety
Replies: 37
Views: 2175

Re: Small appliance electrical safety

1000 Watts is about 8.4 Amps at 120 Volts Note that a '1000W' microwave probably draws more than 1000W. For example, I just checked our microwave. On the front it prominently says '1250 Watts', but if you find the nameplate amperage/voltage, it actually draws 1524 watts. I suspect the 1250 is what ...
by sixty40
Wed Mar 22, 2017 10:16 pm
Forum: Personal Consumer Issues
Topic: Small appliance electrical safety
Replies: 37
Views: 2175

Re: Small appliance electrical safety

I want to chime in just to make sure yo are not doing things against code. I am an EE and design this stuff. Most circuits in the kitchen are 20 Amps, but if your home is very old, it may be 15 Amps. Most homes built wihin the past 30 yrs will have a least (2) dedicated 20 Amp 120 Volt circuits for ...
by sixty40
Sat Mar 18, 2017 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Consultant, LLC, pricing?
Replies: 8
Views: 773

Re: Consultant, LLC, pricing?

I would say others are correct, when there will be multiple similar tasks, people asking for a fee oftentimes would want a consistent number, like $5000/trip so they know how much it will cost beforehand. But the difficulty is that not all tasks/trips are the same, you can try averaging it but that ...
by sixty40
Tue Feb 07, 2017 6:42 pm
Forum: Personal Consumer Issues
Topic: Best if used by, sell by?
Replies: 26
Views: 3124

Re: Best if used by, sell by?

I just had a can of V8 with a date of 9/5/2010. I'll let you know if anything happens by tomorrow.
by sixty40
Sat Jan 28, 2017 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Humble brag finally got admiral shares in taxable account
Replies: 29
Views: 4134

Re: Humble brag finally got admiral shares in taxable account

Regardless, there is great truth in the first $10K, first $100K, first $1 M etc being the hardest so congratulations. I remember hitting 5, 6, and 7 figures. Wish I'd celebrated them more. That's when you break out the Johnnie Walker. Red for five figures, black for six, green for seven, blue for e...
by sixty40
Sat Jan 28, 2017 9:46 am
Forum: Personal Consumer Issues
Topic: Car Guy question
Replies: 61
Views: 6924

Re: Car Guy question

I agree with Sport, if you want low maintenance costs, buy a car with a good reputation for low maintenance. My friend has an old Mecedes that he likes a lot, and he drops what seems like a few thousand every so often to fix things. He says the cost is still less than buying another car. Things have...
by sixty40
Sat Jan 28, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Is this normal for a 403b?
Replies: 6
Views: 453

Re: Is this normal for a 403b?

I do the contributions for our company's 401k plan, maybe 403b is different, but I can tell you that we are required to make contributions to the plan within a reasonable period from the time of the deductions, and for us it is about 1-week. I just had to fill out our yearly form from our plan admin...
by sixty40
Sun Jan 15, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Dollar-Cost-Average over HOW MANY years?
Replies: 61
Views: 4822

Re: Dollar-Cost-Average over HOW MANY years?

This discussion on LS vs DCA seems very similar to discussions on Asset Allocation (AA). Stocks will have higher returns in the long run yet many(most) have bonds to protect against volatility and downside. LS will get you (statistically) higher returns for any given DCA period, but DCA will give yo...
by sixty40
Sat Jan 14, 2017 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Dollar-Cost-Average over HOW MANY years?
Replies: 61
Views: 4822

Re: Dollar-Cost-Average over HOW MANY years?

I am trying to figure out the persistence of the idea that DCA is somehow a strategy to an investor's advantage. I wonder if some of the posters that ask about this could give some background on how the idea has occurred to them -- was it something read about or something someone told them, or was ...
by sixty40
Sat Jan 14, 2017 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Dollar-Cost-Average over HOW MANY years?
Replies: 61
Views: 4822

Re: Dollar-Cost-Average over HOW MANY years?

I am trying to figure out the persistence of the idea that DCA is somehow a strategy to an investor's advantage. I wonder if some of the posters that ask about this could give some background on how the idea has occurred to them -- was it something read about or something someone told them, or was ...
by sixty40
Sat Dec 24, 2016 4:25 pm
Forum: Personal Consumer Issues
Topic: Should I Buy an IPhone 5S?
Replies: 36
Views: 3779

Re: Should I Buy an IPhone 5S?

Talk about cheap, I just bougt a used 5s from a friend for $50 a few months ago, and just got rid of my "dumb" phone. I use it on my Tracfone pay as you go plan, bought the 1 yr plan for about $100. Been working out great. I mainly just text, some calling, and mainly use wifi and sometimes...
by sixty40
Tue Nov 29, 2016 6:12 am
Forum: Investing - Theory, News & General
Topic: S Corp Accounting and procedures
Replies: 6
Views: 948

Re: S Corp Accounting and procedures

We also have an S Corp, we keep our own books but use an accountant for taxes. Each dollar that comes in and out of the company has to be accounted for and itemized, and we keep a ledger which indicates; date, description, amount (debit or credit), and category. Categories can be fees, interest, mea...
by sixty40
Tue Nov 22, 2016 9:29 pm
Forum: Personal Consumer Issues
Topic: Replacement Sofa Cushions
Replies: 14
Views: 1487

Re: Replacement Sofa Cushions

bigred77, I too have a Barnhardt and replaced the cushions about 2 yrs ago and it has worked out very nicely. I went to a local fabric/upholstery store, the gentleman explained the different cushion types and his recommendation and I bought the cushions. 2 loveset cushions + 3 sofa cushions came out...
by sixty40
Mon Nov 21, 2016 1:04 am
Forum: Personal Finance (Not Investing)
Topic: Car purchase- email negotiations for CPO cars?
Replies: 12
Views: 1988

Re: Car purchase- email negotiations for CPO cars?

We negotiated a cpo car through email, settled on a price contingent on inspection, and bought it w/o really doing a test drive. It was a lease return at the dealership, had a yr remaining on the bumper to bumper initial warranty and then an additional yr of cpo warranty, so we were fairly confident...
by sixty40
Sat Nov 19, 2016 10:02 am
Forum: Personal Consumer Issues
Topic: Driving from San Jose to San Diego - Where to Stop
Replies: 18
Views: 2120

Re: Driving from San Jose to San Diego - Where to Stop

Realistically give yourself 10-11 hours. You will at least stop once to get gas, and stopping at the Grapevine is popular since it is 265 miles out. However for restroom breaks especially with young kids you may need to stop 2-3 times for restroom breaks. As I recall when little kids need to go, the...
by sixty40
Sat Nov 19, 2016 1:30 am
Forum: Personal Consumer Issues
Topic: Finding a good architect & how to design a house with a budget in mind
Replies: 8
Views: 1294

Re: Finding a good architect & how to design a house with a budget in mind

I am not an architect but we are an engineering firm that works with architects on building designs. It is very difficult to find an architect by doing web searches. Getting recommendations of people is probably the best way. Whether you do web searches or get recommendations, you should interview t...
by sixty40
Fri Nov 11, 2016 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Tax withholding on bonus when at high tax bracket
Replies: 8
Views: 1234

Re: Tax withholding on bonus when at high tax bracket

I'm asking because nearly all I find has to do with people's questions about why bonuses are "taxed so high." That is, they refer to the IRS rules than once a bonus exceeds some amount ($1k, I think), the automatic withholding is 25% for federal tax, which, understandably, for most is mor...