Search found 872 matches

by renue74
Mon Oct 23, 2017 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Question : Paying off Mortgage
Replies: 18
Views: 1432

Re: Question : Paying off Mortgage

The only debts worth paying off early are revolving lines of credit and ones with really painful interest rates. HELOCs and checking-account linked lines of credits can be drawn against if you need the money again, so paying them down early hardly loses you any optionality. Actually, I'd be extreme...
by renue74
Sun Oct 22, 2017 7:55 pm
Forum: Personal Consumer Issues
Topic: Installing a slide inside a home?
Replies: 38
Views: 2108

Re: Installing a slide inside a home?

The presence of a slide would be off putting to me. You'll probably alienate at least 2 groups of people: #1 people with very small children who are afraid they will slide down unexpectly and #2 sensible people who have no children and don't see the fun in a slide. If you do install a slide, it shou...
by renue74
Wed Oct 18, 2017 3:18 pm
Forum: Personal Consumer Issues
Topic: Stains coming through white painted wood stair risers
Replies: 12
Views: 693

Re: Stains coming through white painted wood stair risers

It's tannin staining. You'll need to use a shellac or oil based primer for stubborn stains.

Visit a Sherwin-Williams or Ben Moore and tell them your issue. They'll provide a better primer than what you'll get at the big box stores.
by renue74
Wed Oct 18, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: bitcoin makes you rich
Replies: 49
Views: 3574

Re: anhybody buying bitcoin

Bitcoin is up 425% since January 1st. I had purchased some in April 2016 to use with a bitcoin only marketplace for Amazon products. I ended up leaving it in my Coinbase account and it went from $150 to $500 a few months ago. I sold it. The roller coaster of Bitcoin would be pure speculation. Plus, ...
by renue74
Tue Oct 17, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: how long did it take to get used to retirement
Replies: 97
Views: 8463

Re: how long did it take to get used to retirement

I'm 43 and a long way from retirement, but my business partner who retired about 5 years ago got antsy. He ended up volunteering with SCORE and used his background to help start up companies. I'm not going to comment on his effectiveness in this, but he does spend a lot of time doing it. If you're n...
by renue74
Mon Oct 16, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus pushed back - should I be annoyed?
Replies: 43
Views: 3175

Re: Bonus pushed back - should I be annoyed?

I own a very small business...4 people. Personally, I do give bonuses and its' based loosely on the past fiscal year performance of the company, the input and effectiveness of the employee, and our general company wellness. Say we had a great year in FY 16-17...but the last 4 months we've lost big c...
by renue74
Mon Oct 16, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: couple of questions regarding inflation and the 4% rule
Replies: 19
Views: 2012

Re: couple of questions regarding inflation and the 4% rule

Up until 2015, I had a FA. When we did our annual visits, she always used 3% as the rate of inflation as a conservative benchmark.

I've developed a huge Google sheet that has our retirement projections at different ages and using different scenarios. I still use 3% for that.
by renue74
Mon Oct 16, 2017 12:55 pm
Forum: Personal Consumer Issues
Topic: Where to notarize legal zoom documents? Trouble getting witnesses
Replies: 14
Views: 995

Re: Where to notarize legal zoom documents? Trouble getting witnesses

Your local bank. If you're a customer most banks do it for no fee.
by renue74
Fri Oct 13, 2017 3:20 pm
Forum: Personal Consumer Issues
Topic: How many miles/years do you keep your car?
Replies: 108
Views: 7078

Re: How many miles/years do you keep your car?

Bought a used 2005 Honda Pilot with 45K miles on it about 4 years ago. (Lady only drove it around town to pickup kids) I have 140K miles on it now and do the regular services on it. (timing belt, etc.) Rule of thumb is to drive my vehicle into the ground and when I start have major repair work done....
by renue74
Fri Oct 13, 2017 2:26 pm
Forum: Personal Consumer Issues
Topic: Washington DC Trip
Replies: 25
Views: 1636

Re: Washington DC Trip

I don't have advise on the transportation, but do suggest you reach out to your congressman's office for tickets. I wasn't aware of this until we planned a DC trip last summer (ended up not going), but I reached out to my congressman's office and they set up various tickets/visits for us. The respon...
by renue74
Fri Oct 13, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Best Career Advice for those over "50"
Replies: 60
Views: 6298

Re: Best Career Advice for those over "50"

OP, The best career advice is to retire and/or be FI before 50 years old. That was my plan. I saved 30+% of my gross income in order to achieve that. But, I lost 50% of my investment because I gambled on Telecom stock. Or else, I would have met my goal. After that mistake, I have to retire or FI af...
by renue74
Fri Oct 13, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Itemized Tax Deductions
Replies: 10
Views: 578

Itemized Tax Deductions

I just finished my 2016 tax return (yes, I tend to always file an extension). I'm 43 and wife is 47. We solidly in the 25% tax bracket and our itemized deductions were only $12,618, a whopping $18 over the standard deduction for married filing jointly couple. • We are close to paying off our house (...
by renue74
Thu Oct 12, 2017 7:54 pm
Forum: Personal Consumer Issues
Topic: Refinish hardwood or new carpet
Replies: 8
Views: 696

Re: Refinish hardwood or new carpet

If you put carpet back in, expect to change it out after one to two tenants. In my experience, it's toast after one tenant usually. If you refinish hardwoods, the going rate in my area is $2.50 per square foot to sand, patch any minor defects, and 3 coats of polyurethane. (Southeast) Prices could be...
by renue74
Thu Oct 12, 2017 3:32 pm
Forum: Personal Consumer Issues
Topic: Tracing House Wiring
Replies: 10
Views: 783

Re: Tracing House Wiring

I just went through this with a remodel I'm working on. I'm not an electrician, but I helped the electricians run wire in a 1935 craftsman bungalow. After we ran the wiring and I had them wire the new breaker box, there were some "questions," I had about where some of the home run wires went, etc. Y...
by renue74
Thu Oct 12, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: How young is too young to retire.
Replies: 51
Views: 6038

Re: How young is too young to retire.

I'm thing I'm for sure....when you walk out that door, they aren't going to give you a gold watch and they aren't going to really miss you. Bonus....on your obituary, they aren't going to say "He was a good worker and manager." I'm never one to think about what other people think about me...so I wou...
by renue74
Tue Oct 10, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 10083

Re: Third time in my 32 year career I have been laid off

Go freelance. There are a ton of projects out there. I hate, hate, hate recruiters because I run a small web design shop and they always are bugging my employees. If you actively want work, I think you'll be fine in easily seeking it out. If you're a PHP developer with some Laravel framework backgro...
by renue74
Fri Oct 06, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Question RE: Transferring assets from EJ to Vanguard
Replies: 7
Views: 430

Re: Question RE: Transferring assets from EJ to Vanguard

No need to hang onto the funds. Sell them in your EJ account. Wait for the $ to hit and then transfer the IRA account to Vanguard. Then buy your Target Fund. EJ will hit you with a transfer fee and take that out of the $ you transfer. You'll sell first at EJ. Then after you know the money is in the ...
by renue74
Fri Oct 06, 2017 8:23 am
Forum: Personal Consumer Issues
Topic: Too much house? (nervous 1st time buyer)
Replies: 57
Views: 4037

Re: Too much house? (nervous 1st time buyer)

Rent. Every person I've known who bought a home as a single person and then eventually got married ended up selling the home and buying together. EVERY PERSON. #1: Your price point is pretty much at the upper level of what you can afford. #2: There will be additional expenses (HOA, Property Taxes, M...
by renue74
Thu Oct 05, 2017 10:05 am
Forum: Personal Consumer Issues
Topic: Steep Uneven Floor in an Old House
Replies: 26
Views: 1669

Re: Steep Uneven Floor in an Old House

Sloping in an old house is going to happen. I'm currently rehabbing a 1935 house and changed out floor joists back in the spring, plus jacked up the house foundation beams and shimmed under them. As a tenant, I would just go to the landlord and ask him to take a look. I would let him know that you w...
by renue74
Wed Oct 04, 2017 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Financial arrangement for in-laws in guest house
Replies: 13
Views: 1166

Re: Financial arrangement for in-laws in guest house

Just let them gift you money each year as they see fit. Then there are no contracts, no tax implications, and they can stop or adjust the amount over time if they want/need to. Individuals can give other individuals up to $14,000 a year tax free without having to even report it to the IRS. So the t...
by renue74
Wed Oct 04, 2017 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Bonds in Both 401K and Taxable?
Replies: 9
Views: 632

Re: Bonds in Both 401K and Taxable?

I have bonds in my taxable account....simply because I've maxed out all my bond allocation space in my tax deferred accounts and still need addition bonds to meet my asset allocation.

So yes...at some point, bonds in taxable may be necessary.
by renue74
Wed Oct 04, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Retirement plan options for - Small business (2 employees + owner) with separate 1099 income (owner) on the side
Replies: 10
Views: 647

Re: Retirement plan options for - Small business (2 employees + owner) with separate 1099 income (owner) on the side

I'm a small business owner and have had a SIMPLE IRA for over 18 years.

Easy to manage, easy to setup. I give myself and employees 3% match.

The only drawback is the $12,500 max employee contribution limit vs. 401k max.

Truly takes about a hour or so to set up.
by renue74
Wed Oct 04, 2017 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Please judge my Vanguard portfolio
Replies: 41
Views: 3236

Re: Please judge my Vanguard portfolio

One thing I suggest is to run your portfolio through Morningstar X-Ray analysis and that will give you a good view of overlap, market segments, etc. The best way...I use is to have a T. Rowe Price account. I don't think you need to have funds with TRP, but you can make an account...and they have M* ...
by renue74
Tue Oct 03, 2017 8:10 pm
Forum: Personal Consumer Issues
Topic: Do I replace AC evaporative coil or get a new unit?
Replies: 26
Views: 1766

Re: Do I replace AC evaporative coil or get a new unit?

I had an evaporator coil replaced on a crappy Goodman air handler about 5 years ago and it's still going strong.

Repair cost me $1000 and the part was under warranty. There was some minor welding that had to take place, but the project took the repair guy about 1/2 day to do and recharge the system.
by renue74
Tue Oct 03, 2017 8:30 am
Forum: Personal Consumer Issues
Topic: accounting software for churches?
Replies: 22
Views: 1418

Re: accounting software for churches?

Even though there may be accounting packages set up to market to churches, if you use an outside accounting firm that helps with tax returns, etc., they will appreciate you using Quickbooks so they don't have to "learn," a new software just for your account. Quickbooks Online actually allows your ac...
by renue74
Thu Sep 28, 2017 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Simple IRA through my work
Replies: 13
Views: 423

Re: Simple IRA through my work

If you leave within six months you have these options: 1.) Cash out. If you cash out within 2 years, you are subject to a 25% penalty + taxes on ordinary income. 2.) Roll the old SIMPLE into a new SIMPLE account. You can set up a SIMPLE at another financial institution and roll it over. 3.) Keep the...
by renue74
Thu Sep 28, 2017 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Simple IRA through my work
Replies: 13
Views: 423

Re: Simple IRA through my work

Here...I found the post mentioning that rollover. It looks like you can roll it over after 2 years from your first post...and I think you can continue to roll it over. https://www.bogleheads.org/forum/viewtopic.php?t=131458 It depends on how close you are to the business owner...as to whether you ca...
by renue74
Thu Sep 28, 2017 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Simple IRA through my work
Replies: 13
Views: 423

Re: Simple IRA through my work

I own a small firm with a SIMPLE IRA....but I chose the version that is self directed. This allows me to simply match the employee's 3% contribution and I deposit it into a TD Ameritrade account for them to invest as they like. It sounds like your employer is using a financial advisor to manage the ...
by renue74
Wed Sep 20, 2017 11:29 am
Forum: Personal Consumer Issues
Topic: replace freon???
Replies: 17
Views: 1223

Re: replace freon???

A HVAC system is a closed loop system....meaning the refrigerant is cycled in the system. When something breaks or there's a leak, the refrigerant escapes the system...so new must be added after a repair.

The cost sounds about right.
by renue74
Wed Sep 20, 2017 11:13 am
Forum: Personal Consumer Issues
Topic: should we replace the subfloors when putting in hardwood floors
Replies: 9
Views: 865

Re: should we replace the subfloors when putting in hardwood floors

I'm remodeling a 1935 house now. In the kitchen there was old floor joists that needed to be replaced. That meant the subfloors as well. You can take a circular saw, set it at the height of the old subfloor and run through that stuff really quickly and pull it up. Will need a oscillating saw or some...
by renue74
Tue Sep 19, 2017 3:59 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin AA - Just out of Curiousity
Replies: 51
Views: 2642

Re: Bitcoin AA - Just out of Curiousity

I bought $150 in BC last year to play around with to pay for Amazon stuff through purse.io. I totally forgot about it after a couple small orders and my $150 in Coinbase.com turned into about $450 or $500. I immediately cashed out and bought steaks and baked potatoes for the family. #neverlookedback
by renue74
Tue Sep 19, 2017 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Which 401k plan is better? This is for a small dental office
Replies: 29
Views: 2229

Re: Which 401k plan is better? This is for a small dental office

Look into a SIMPLE IRA plan instead. Cost the company nothing and it can be self directed...meaning employees choose their own investments.
by renue74
Tue Sep 19, 2017 2:13 pm
Forum: Personal Consumer Issues
Topic: Finding contractor for small-ish, hourly job (deck carpentry)
Replies: 19
Views: 1109

Re: Finding contractor for small-ish, hourly job (deck carpentry)

I'm going through a huge remodel project on an 80 year old rental house I bought last fall. Most of the work I do myself, but occasionally, I want to farm some work out (just don't want to do it.) Anyways...I had this old 42" heart pine door that I needed to reframe the door jamb on. I texted around...
by renue74
Tue Sep 19, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing - In Taxable Account
Replies: 13
Views: 1035

Re: Rebalancing - In Taxable Account

This is what I do so far, but my portfolio is growing faster than I make regular investments. 1.) Turned off all reinvestments. Any dividend, etc. $ get's manually invested in my VFSUX bond fund in taxable. 2.) All SIMPLE and 403b investments (monthly) get invest in Total Bond Fund. 3.) Any new $ ad...
by renue74
Tue Sep 19, 2017 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing - In Taxable Account
Replies: 13
Views: 1035

Re: Rebalancing - In Taxable Account

You still adding to taxable? If so you can rebalance slowly by moving all your new taxable contributions into a bond fund. That is what I try to do in taxable, unless it gets so out of whack due to a major market runup that I start to sweat. That's what I try to do. I have Vanguard Short-Term Inves...
by renue74
Tue Sep 19, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Opinions on moving to VG
Replies: 19
Views: 1692

Re: Opinions on moving to VG

Move it. I was always told that once you move on from an employer, it's best to make sure your retirement accounts were also moved. You don't have as much control with the state of NC as you would with Vanguard...or any brokerage firm, for that matter.
by renue74
Tue Sep 19, 2017 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing - In Taxable Account
Replies: 13
Views: 1035

Re: Rebalancing - In Taxable Account

No TLH. Like most others here, I took advantage of TLH in early 2016. I have nothing but long term gains now.
by renue74
Tue Sep 19, 2017 8:21 am
Forum: Personal Consumer Issues
Topic: Another cut the cable thread
Replies: 14
Views: 1352

Re: Another cut the cable thread

We cut it 2 years ago. Was paying $162/month to Direct TV (plus the usuals...netflix, hulu, amazon prime video) • Playstation VUE (Has some locals as well) $39/month • OTA antenna • Netflix, Hulu, Starz, Amazon Prime video, and we flip flop between HBO and Showtime apps when GOT or Homeland are in s...
by renue74
Tue Sep 19, 2017 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing - In Taxable Account
Replies: 13
Views: 1035

Rebalancing - In Taxable Account

Our AA is 65/35 and for a while, we've been closer to 70/30. (Age 43 and 47) I'm curious...when folks rebalance, I assume they try to do it in tax deferred accounts before touching their taxable accounts? We've pretty much used all our tax deferred space (403b and SIMPLE IRA) for Total Bond Fund and...
by renue74
Sat Sep 16, 2017 9:33 pm
Forum: Personal Consumer Issues
Topic: Lawyer overbilling for prenup review
Replies: 66
Views: 5481

Re: Lawyer overbilling for prenup review

I once got charged $5,000 for a law firm to review 20 page business agreement. When I got the bill, I was dizzy and used a few choice words. It was a big law firm and I had used them before for a technology acquisition I was going through a few years ago....but I didn't have an ongoing relationship ...
by renue74
Fri Sep 15, 2017 8:53 pm
Forum: Investing - Theory, News & General
Topic: Distressing news -> Flight to Safety ?
Replies: 75
Views: 7012

Re: Distressing news -> Flight to Safety ?

I thought hurricanes were actually good for growth. From the recent news reports I've heard, the rebuilding period, commercial, residential and infrastructure actually increases productivity/GDP...whatever. Years of rebuilding. Land owners selling properties, new housing starts. Now the other stuff ...
by renue74
Fri Sep 15, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Wisconsin rentals owned in LLC, how to pass to kids
Replies: 8
Views: 579

Re: Wisconsin rentals owned in LLC, how to pass to kids

What does the LLC operating agreement say about a member's death? Most of the time in the event of a member's death, the member's ownership share goes to a beneficiary or custodian of the estate. The operating agreement needs to spell out this part. Ask your attorney (or better yet, a qualified acco...
by renue74
Thu Sep 14, 2017 2:02 pm
Forum: Personal Consumer Issues
Topic: Best Lower Cost USA Cities to Live
Replies: 102
Views: 7593

Re: Best Lower Cost USA Cities to Live

If you're strictly looking for LCOL, I know of many small-ish cities in the South that would fit the bill, but I'm not sure I would live there because I would go crazy from lack of anything to do other than visit the local Wal-mart. Small-college towns do have some cultural amenities. Probably not ...
by renue74
Thu Sep 14, 2017 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella insurance
Replies: 57
Views: 5608

Re: Turned down for umbrella insurance

We have a $3M in UI. I drive a 12 year old Honda Pilot, My wife has a 12 year old Nissan Quest and we have a $280K house. From insurance standpoint, we look like we would never need $3M in coverage. I think we pay $450 for that.

Branch out and get quotes. We went with Geico for everything.
by renue74
Wed Sep 13, 2017 4:01 pm
Forum: Personal Consumer Issues
Topic: Best Lower Cost USA Cities to Live
Replies: 102
Views: 7593

Re: Best Lower Cost USA Cities to Live

I think your question is too broad. What amenities are you looking for? Do you like cold or hot weather? Urban or suburban? Do you like outdoor activities? X miles from the coast? Is medical facility quality important? If you're strictly looking for LCOL, I know of many small-ish cities in the Sout...
by renue74
Wed Sep 13, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: How often do you put money in Vanguard
Replies: 55
Views: 4311

Re: How often do you put money in Vanguard

Monthly....I have a few owner financed properties I sold. The buyers ACH's money to a separate checking account monthly. I just asked my Vanguard rep if I could not have my buyers ACH the money directly into my Vanguard account...he said no. So...I manually go into Vanguard and pull the money from m...
by renue74
Wed Sep 13, 2017 8:41 am
Forum: Personal Consumer Issues
Topic: Secure File Transfer
Replies: 6
Views: 534

Re: Secure File Transfer

My accountant typically sends me PDFs that are password protected. You can password protect the PDF and call to tell them the password.
by renue74
Tue Sep 12, 2017 4:31 pm
Forum: Personal Consumer Issues
Topic: What do you do in slow travels?
Replies: 55
Views: 4344

Re: What do you do in slow travels?

One of my favorite ways to stay when traveling slow is at bed and breakfast places, especially overseas. You can negotiate large blocks of time and don't have to worry about furnishings or rental agreements. You start the day eating breakfast with the owner and a half dozen other guests and get to ...
by renue74
Tue Sep 12, 2017 3:41 pm
Forum: Personal Consumer Issues
Topic: Best Lower Cost USA Cities to Live
Replies: 102
Views: 7593

Re: Best Lower Cost USA Cities to Live

I think your question is too broad. What amenities are you looking for? Do you like cold or hot weather? Urban or suburban? Do you like outdoor activities? X miles from the coast? Is medical facility quality important? If you're strictly looking for LCOL, I know of many small-ish cities in the South...
by renue74
Mon Sep 11, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 24401

Re: How much money do you want to retire?

Age: 43 (Wife: 47)
Kids: 2 (15 and 12)...both we've saved 100% college
I would like to retire at 55....wife will wait until she's 65.
Current portfolio: $1.6M
Retirement wish: $3M