Search found 578 matches

by PVW
Tue Dec 03, 2019 12:54 pm
Forum: Personal Consumer Issues
Topic: Unpaid speeding ticket from 40 years ago.
Replies: 93
Views: 7360

Re: Unpaid speeding ticket from 40 years ago.

EdNorton wrote:
Tue Dec 03, 2019 12:49 pm
:sharebeer :sharebeer
Let your wife drive.
by PVW
Fri Nov 22, 2019 4:38 pm
Forum: Investing - Theory, News & General
Topic: How much money do you need to create generational wealth?
Replies: 78
Views: 7587

Re: How much money do you need to create generational wealth?

masonstone wrote:
Fri Nov 22, 2019 4:22 pm
I'm thinking about leaving money for my kids. How much money do I need to create generational wealth?
You need to leave your heirs enough money that a safe withdrawal rate will provide for their spending and allow the inheritance to grow enough to provide for the next generation. And so on.
by PVW
Fri Nov 22, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in farmland
Replies: 14
Views: 1760

Re: Investing in farmland

moneywise3 wrote:
Fri Nov 22, 2019 3:39 pm
Does anyone have experience with them or similar company?
No experience, but there are also farm REITs. Farmland Partners Inc. and Gladstone Land Corp.
by PVW
Wed Nov 06, 2019 1:55 pm
Forum: Personal Investments
Topic: ESPP and RSUs
Replies: 35
Views: 2026

Re: ESPP and RSUs

The tax treatment for ESPPs are more than a little complicated. Yes. If you live in Pennsylvania, then you owe income tax at the time of vesting on the stock price discount. When calculating state capital gains at the time of sale, you need to adjust your cost basis based on the already paid tax. O...
by PVW
Wed Nov 06, 2019 8:00 am
Forum: Personal Consumer Issues
Topic: Spectrum Internet has a good scam going
Replies: 61
Views: 7707

Re: Spectrum Internet has a good scam going

Sold house, closed Oct 24. Called Spectrum to cancel that day. Turned in all equipment Oct 25. Received bill 1 week later for service, and I quote from the bill, “Service period Oct 26 to Nov 25.” Went in to the store. Very nice lady acknowledged that I turned in equipment on time but nothing she c...
by PVW
Tue Nov 05, 2019 8:57 am
Forum: Investing - Theory, News & General
Topic: Modeling Bitcoin Value with Scarcity
Replies: 13
Views: 1088

Re: Modeling Bitcoin Value with Scarcity

source: https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25 The article and discussion have the feel of a bunch of undergrads that just learned regression analysis. PlanB didn't discover a new correlation in bitcoin price, s/he rediscovered that many things show a ...
by PVW
Wed Oct 30, 2019 6:02 am
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4195

Re: California Fires: Landlord/Tenant Question

I live in Northern California but I'm not directly affected by the fires or the power outages. We happen to live in an area that isn't at risk, right near San Francisco. A couple that we are good friends with have a newborn baby and live in an area where the power was shut off. It gets too cold at ...
by PVW
Tue Oct 29, 2019 12:14 pm
Forum: Personal Consumer Issues
Topic: Help me find Drain Basket for Antique Sink
Replies: 4
Views: 366

Re: Help me find Drain Basket for Antique Sink

It's tough to imagine the drain, but maybe you need a double cup drain.

Here's one:
https://www.homedepot.com/p/EZ-FLO-4-1- ... /205995220
by PVW
Mon Oct 28, 2019 12:25 pm
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 9199

Re: How much do you plan to spend on your children's weddings?

requires me to work at least for another year. The tradition of funding your kids weddings comes from a time when parents were the only source of funds for the celebration. It sounds like your children will be able to fund their own weddings so why would you delay retirement to provide something fo...
by PVW
Fri Oct 25, 2019 3:20 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz article on door to door financial people
Replies: 59
Views: 6349

Re: Christine Benz article on door to door financial people

EJ advisors are the embodiment of evil!!! Has the echo chamber on bogleheads died down yet? In the eyes of Finra and the law, EJ is legit and they provide (for the most part) legal services to their customers. Stipulating this, who's job is it to protect people with diminished cognitive ability from...
by PVW
Fri Oct 18, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Deed fraud (on your home)- anyone have insight?
Replies: 51
Views: 4213

Re: Deed fraud (on your home)- anyone have insight?

My state and municipality charge a deed transfer tax. It seems this would thwart deed fraud. Mathematically, it’s still lucrative to pony up $5,000 in transfer taxes to steal $400,000. Yes, but there are a lot of suckers that are blissfully living in low tax areas that are much easier targets. Mayb...
by PVW
Fri Oct 18, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Deed fraud (on your home)- anyone have insight?
Replies: 51
Views: 4213

Re: Deed fraud (on your home)- anyone have insight?

My state and municipality charge a deed transfer tax. It seems this would thwart deed fraud.
by PVW
Tue Oct 08, 2019 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes - Goodwill donations, older children's clothing
Replies: 28
Views: 2744

Re: Taxes - Goodwill donations, older children's clothing

If your kids are like most, their stuff can probably be classified as abandoned property. It becomes the property of the finder, and you're free to donate it.
by PVW
Tue Oct 08, 2019 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Home repair - paying cash (dollar bills)
Replies: 60
Views: 5198

Re: Home repair - paying cash (dollar bills)

Is there any reason to be wary? I don't ask for cash discounts, but I'll hazard a guess that contractors offer them because customers expect it and it's good for business. Bids often have a little padding in anticipation of some haggling. A cash discount is one of many possible bargains that might ...
by PVW
Mon Sep 30, 2019 12:44 pm
Forum: Personal Consumer Issues
Topic: high toilet
Replies: 33
Views: 3349

Re: high toilet

Age is catching up with me, and I'm thinking about having a regular toilet replaced with a higher one. I have a septic system, if that matters. Any recommendations or unrecommendations for brands and features? Thank you. The Toto Drake, ADA height elongated toilet is the best, flushes anything with...
by PVW
Fri Sep 13, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Whistleblowing / Going Rogue at Work
Replies: 122
Views: 6485

Re: Whistleblowing / Going Rogue at Work

So about a year ago I started emailing someone very high up in the company. I created a new Gmail email and started letting them know how messed up things are behind the scenes. There is an extremely large $ project going on and it's been a disaster from Day 1 and I was giving this person a behind ...
by PVW
Thu Sep 12, 2019 1:23 pm
Forum: Personal Consumer Issues
Topic: What older products/tools are better than modern equivalents?
Replies: 54
Views: 4382

Re: What older products/tools are better than modern equivalents?

Many things, but a few that I really miss: Hewlett Packard calculators Washing machines - just like financial management, washing clothes is not as complex as they want you to believe Another is fast food - the quality has greatly decreased in the past few decades, but even the olden stuff wasn't th...
by PVW
Tue Sep 10, 2019 7:43 am
Forum: Investing - Theory, News & General
Topic: Rich people are hoarding cash
Replies: 153
Views: 23360

Re: Rich people are hoarding cash

Deleted.
by PVW
Sat Sep 07, 2019 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Help! ERISA Mess With W-2 Contractor 401(k)
Replies: 10
Views: 754

Re: Help! ERISA Mess With W-2 Contractor 401(k)

I was also very confused by the W-2 status when I signed on, as my understanding is that this is typically reserved for full-time employees with benefits. I suspect this may be for the company to get around paying for health insurance, etc. but I’m not sure what the rationale is, as every other con...
by PVW
Fri Sep 06, 2019 12:37 pm
Forum: Investing - Theory, News & General
Topic: Debunking the Silly “Passive is a Bubble” Myth
Replies: 7
Views: 1602

Re: Debunking the Silly “Passive is a Bubble” Myth

Yes, index investors are free riders, but this is the way most markets work. We don’t go to the grocery store to bid on prices of oranges against one another to set an equilibrium. The market does that for us. A quibble, but I've seen similarly flawed analogies. Indexing is nothing like the grocery...
by PVW
Wed Sep 04, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you receive out-of-sequence pay bumps?
Replies: 56
Views: 3391

Re: How often do you receive out-of-sequence pay bumps?

At my first professional job, the review and raise cycle was annual. For probably the first 5 years, in addition to the annual raise, I also got an extra raise at mid year. It wasn't uncommon for the young employees to get mid year raises. Mostly because the pay schedule had sharp increases for youn...
by PVW
Fri Aug 30, 2019 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Minimum to keep in checking account?
Replies: 40
Views: 3329

Re: Minimum to keep in checking account?

I don't keep close track of my bills, but I have a rough idea of what's coming up. My monthly debits from checking rarely exceed my regular deposits, so I just keep watch that the balance doesn't get too large. Usually something in the range of $5000 and I will transfer a few thousand to my investme...
by PVW
Fri Aug 30, 2019 12:30 pm
Forum: Personal Consumer Issues
Topic: Potential retirement benefit from private employer
Replies: 9
Views: 628

Re: Potential retirement benefit from private employer

I got a letter from social security administration I may be entitled a retirement benefit from a company I have worked before. The company have reported this in 1996. At that time frame I have moved to different address so I may not received letter from the company for me to claim the benefit. Can ...
by PVW
Fri Aug 30, 2019 12:11 pm
Forum: Personal Consumer Issues
Topic: College age male: How much money for food?
Replies: 138
Views: 6323

Re: College age male: How much money for food?

... and in every grocery store I’ve been in (not WF), apples (gala, red, Fuji) are 1.99-3.99/lb (not organic), average 2.99/lb. this includes Costco (wholesale bulk price). So 1/3 x 2.99 = 0.99. And... is this apple to be the entire meal? Or do you get your main course protein and beverage for $0.0...
by PVW
Fri Aug 30, 2019 11:54 am
Forum: Personal Consumer Issues
Topic: College age male: How much money for food?
Replies: 138
Views: 6323

Re: College age male: How much money for food?

Consider: cooking for 1 is more expensive; ready made options are becoming popular but more expensive; he probably doesn't want to spend time shopping the sales each week; and buying in bulk at wholesale clubs is too much work for a single college kid. A generous estimate is $10 for dinner, $5 for l...
by PVW
Wed Aug 28, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes - Accounting Ethics for Sharing Client Information
Replies: 10
Views: 794

Re: Taxes - Accounting Ethics for Sharing Client Information

What is standard procedure for accountants sharing PII data via email...In addition to that being idiotic, I was under the impression this is not allowed. Aside from dropping the accountant, is there anything that holds CPAs responsible for mismanaging client data? I have no idea, but email is typi...
by PVW
Mon Aug 26, 2019 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: American Express continues to ask for my income
Replies: 68
Views: 5782

Re: American Express continues to ask for my income

I always provide my correct current income when credit card companies ask. It's really no big deal. People get their hackles up about the oddest things.... You probably naively surf the internet without an approved tin foil hat. To each his/her own. Seriously though, I try to protect my private inf...
by PVW
Mon Aug 26, 2019 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: American Express continues to ask for my income
Replies: 68
Views: 5782

Re: American Express continues to ask for my income

I ignored this request from AMEX for probably more than a year - just closed the pop-up asking for the information. If they said they were required to ask, then I would have no problem providing the information. But they said it was so they could "serve me better", which sounds like they want to off...
by PVW
Wed Aug 14, 2019 12:09 pm
Forum: Investing - Theory, News & General
Topic: Confused, bummed, and concerned
Replies: 74
Views: 10934

Re: Confused, bummed, and concerned

As someone newly-ish in the workforce, and invested in low cost Vanguard indexes, I hear this and, as the title states, feel confused, bummed, and concerned. With investing, there is always some prediction to worry about. Look on the bright side - there is a 20% chance you won't even make it to ret...
by PVW
Fri Aug 09, 2019 12:35 pm
Forum: Personal Consumer Issues
Topic: Do You Order "the Special" at Restaurants?
Replies: 50
Views: 4520

Re: Do You Order "the Special" at Restaurants?

Yes - this is "interesting" - This past Valentine's day, I took my wife out to nice local steakhouse that offered a special fixed price 3-course dinner. I scanned regular menu and add up prices for each item. To my surprise, the "Valentine special" total was higher than if I order the same dishes f...
by PVW
Fri Aug 02, 2019 11:44 am
Forum: Investing - Theory, News & General
Topic: Boglehead Complacency
Replies: 77
Views: 6644

Re: Boglehead Complacency

lack of anxiety despite the ~80 handles drawdown we find ourselves in. Would someone please translate this for me? The "handle" is an old term, which I believe it comes from the trading pits in Chicago. Or at least I learned from y colleagues that used to be pit traders. In this context 80 handles ...
by PVW
Fri Jul 19, 2019 12:10 pm
Forum: Personal Investments
Topic: Journey to retiring at 52.
Replies: 14
Views: 2027

Re: Journey to retiring at 52.

For my financial plan, I'm not planning to die early, so I'm only concerned with the probability of going broke if I live to 100. My heirs will be happy if I die early. As for saving a pot of money to buy an immediate annuity when you get old, many people on this board have said that is their plan, ...
by PVW
Wed Jul 03, 2019 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Hire a driver?
Replies: 63
Views: 3865

Re: Hire a driver?

Cyanide123 wrote:
Wed Jul 03, 2019 12:27 am
I can also deduct the cost of the driver as a business expense so bringing the cost down to ~$65/round trip
And what does it cost to drive yourself? Maybe $25 for gas and extra wear and tear. So the driver costs you an extra $40.
by PVW
Tue Jul 02, 2019 12:23 pm
Forum: Personal Consumer Issues
Topic: Overstaying Tenant and Illegal hoarding
Replies: 19
Views: 1766

Re: Overstaying Tenant and Illegal hoarding

retire2022 wrote:
Tue Jul 02, 2019 12:17 pm

If they are not American Citizen, you could call Homeland Security or ICE as an illegals
Do not do this.
by PVW
Tue Jul 02, 2019 12:20 pm
Forum: Personal Consumer Issues
Topic: Overstaying Tenant and Illegal hoarding
Replies: 19
Views: 1766

Re: Overstaying Tenant and Illegal hoarding

If you violate the legal rights of your tenants, it can be costly. Consult a lawyer.
by PVW
Fri Jun 28, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Perspective on Company Layoffs
Replies: 27
Views: 2893

Re: Perspective on Company Layoffs

Hi all. DH works for a smaller company (400 employees). The company has been having trouble and there have been rumors of deep layoffs coming in order to allow the company to fund operations (clinical pharmaceutical trials) for the next several years. Well, the announcement came earlier this week a...
by PVW
Wed Jun 26, 2019 12:17 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says to give up employer 401K match to pay down debt
Replies: 148
Views: 9343

Re: Dave Ramsey says to give up employer 401K match to pay down debt

From the source below, 15 states have rate caps on interest rates for short term loans. States that don't are charging up to 675% annualized. If my choice was to either take out a loan that charged 50% interest by the time I could pay it back or stop my 401k contribution, I'd probably stop the 401k ...
by PVW
Wed Jun 12, 2019 12:25 pm
Forum: Personal Consumer Issues
Topic: Which shaving cream / oil?
Replies: 58
Views: 4285

Re: Which shaving cream / oil?

I've used tube shave cream for years. Before that, it was aerosol gel. I had used Neutrogena Sensitive Skin. Which I liked - light and smooth, easy to rinse, but my local big box store quit carrying it. I bought Every Man Jack Sensitive Skin from big box and this was the equivalent of shaving with s...
by PVW
Thu Jun 06, 2019 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Pine Tree Incident
Replies: 31
Views: 3753

Re: Pine Tree Incident

The restoration company wants to make an exclusive bid on all of the repair work, but will only do so if we don’t get other estimates. We have a structural engineer and roofing company that we want to get an estimate from for the roof repair. I welcome the advice of fellow bogleheads. You are givin...
by PVW
Fri May 31, 2019 4:02 pm
Forum: Personal Consumer Issues
Topic: 23 and me vs. ancestry- thoughts?
Replies: 38
Views: 3345

Re: 23 and me vs. ancestry- thoughts?

The fact that they charge for this service to collect data that will net them a ton of money some day is, well, insane. Some day was last year. https://www.wired.com/story/23andme-glaxosmithkline-pharma-deal/ Another concern - according to this article, healthcare companies are required to offer co...
by PVW
Fri May 31, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: How do BH define Cost of Living Cities
Replies: 48
Views: 2935

Re: How do BH define Cost of Living Cities

OP, It is very simple. If you can buy a Single-family house of 2,000 to 3,000 square feet at around 200K, it is an MCOL area. Anything lower than that, it is LCOL. Anything higher than that, it is HCOL or VHCOL. KlangFool These terms are often vague and subjective, but I agree that the price of hou...
by PVW
Thu May 30, 2019 5:55 pm
Forum: Investing - Theory, News & General
Topic: [Nominal] Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 183
Views: 13946

Re: Annuities are a bet on future inflation rates and should not be purchased by retirees

Why are "graded" (or "fixed % COLA") being so disparaged here? If one doesn't have a true COLA option, isn't having some regular increase over time still much better than no increase at all? I don't know if they are being disparaged, but there is vigorous discussion that is trying to point out that...
by PVW
Thu May 30, 2019 11:20 am
Forum: Investing - Theory, News & General
Topic: [Nominal] Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 183
Views: 13946

Re: Annuities are a bet on future inflation rates and should not be purchased by retirees

The bolded bears repeating. An annuity with fixed % step ups is still a nominal annuity, not in any real way 'in between' a nominal and real annuity. The step ups are just a convenience to match the expected need for nominal dollars at points in the future, at the cost of a bit of loss of transpare...
by PVW
Thu May 30, 2019 10:08 am
Forum: Investing - Theory, News & General
Topic: Jim Cramer
Replies: 59
Views: 5997

Re: Jim Cramer

but I at least thought they had some meaningful insights. What am I missing here? Why did you think Jim Cramer had meaningful insights? What you are missing is that you are not able to objectively evaluate financial advice like this. For me, this is the most important tenet of being a boglehead - I...
by PVW
Wed May 29, 2019 12:36 pm
Forum: Investing - Theory, News & General
Topic: [Nominal] Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 183
Views: 13946

Re: Annuities are a bet on future inflation rates and should not be purchased by retirees

Zvi Bodie and Dirk Cotton advise that nominal annuities carry uncertain inflation risk for retirees and that only real annuities should be purchased or none: Economic theory implies that, faced with a choice between two annuities (SPIAs) costing the same amount, one of which is fixed in nominal dol...
by PVW
Wed May 15, 2019 12:12 pm
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7927

Re: Dividends almost Doubled between 2013 and now

skor99 wrote:
Tue May 14, 2019 9:30 pm
I am seeing a faster growth of rate of dividends than inflation in my portfolio.
I don't think inflation is a good benchmark for dividend growth. A better benchmark would be earnings growth, but you might still need to adjust for changes in dividend rate.
by PVW
Fri May 10, 2019 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Vacant Lake Lot. Sell or Hold?
Replies: 54
Views: 3286

Re: Vacant Lake Lot. Sell or Hold?

List was 119K. He offered 75K. Counters back and forth have him at 85k stating final offer. [...] The other option is to hold and hope for more interest. I'd lower asking to 99k. You are spending $1.6K per year for the possibility of getting an extra $14K (minus commission). That is not a gamble th...
by PVW
Fri May 03, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Exercising ISO options: what is the IRS's wisdom?
Replies: 13
Views: 825

Re: Exercising ISO options: what is the IRS's wisdom?

What kind of irks me is that this goes against a fundamental principle of taxation, which is no tax until income is realized. While that is the general rule for taxation on investments, it is not the rule on salary and benefits from your job. Nearly anything of value that you receive from your empl...
by PVW
Wed May 01, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Need Advice - Getting Laid off
Replies: 34
Views: 4888

Re: Need Advice - Getting Laid off

x150831 wrote:
Wed May 01, 2019 11:05 am
From a reputation standpoint would they be ok with the headlines "Megacorp denies New Father Paternity Leave"
Don't do this.