Search found 374 matches

by ncbill
Fri Jan 18, 2019 7:09 pm
Forum: Personal Consumer Issues
Topic: Any admission pointers from pre- med/ med students?
Replies: 58
Views: 3144

Re: Any admission pointers from pre- med/ med students?

https://en.wikipedia.org/wiki/Health_Pr ... ip_Program

Had a close relative do the above in their mid-30s...retired O-5 after their 20 years, now does the same in the civilian world.
by ncbill
Fri Jan 18, 2019 7:06 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 873
Views: 158943

Re: Boglehead Beer

Any other Hefeweizen to recommend?
by ncbill
Mon Jan 14, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance policy
Replies: 140
Views: 4438

Re: Long term care insurance policy

For rehabilitation purposes... if you're not making progress in your rehab you'll be booted off Medicare's dime, with very limited rights of appeal. I just went through this for the relative mentioned in my other post, who IIRC got all of 14 days paid for by Medicare...after that the custodial side...
by ncbill
Mon Jan 14, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance policy
Replies: 140
Views: 4438

Re: Long term care insurance policy

When you say "Most men who land in nursing homes die before their Medicare coverage runs out." I have 2 questions: [1] when does someone's Medicare coverage "run out"? [2] What does Medicare coverage have to do with your nursing home expenses? [1] Medicare pays 100 days of nursing home coverage. Yo...
by ncbill
Mon Jan 14, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance policy
Replies: 140
Views: 4438

Re: Long term care insurance policy

Forget nursing homes...you'll most likely to both get your LTC (& die) at home or an assisted living facility. And both are a lot more pleasant environment than any nursing home. I just finished taking care of a close relative who died last week following a terminal cancer diagnosis last fall. Follo...
by ncbill
Mon Jan 14, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: What deductible for Comprehensive and Collision Insurance?
Replies: 34
Views: 1521

Re: What deductible for Comprehensive and Collision Insurance?

$100 deductible for comprehensive...$50/year (or less) for all of my vehicles.

I keep the above even on vehicles old enough that I've dropped collision.

Your choice on collision.
by ncbill
Thu Dec 20, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Non-budgeters: How do you handle large purchases?
Replies: 47
Views: 3543

Re: Non-budgeters: How do you handle large purchases?

Structure your life to limit the need for large purchases. I grew up in a large (6,000+ sqft) older (1920s) home which always had significant maintenance needs. As the oldest kid I was volunteered to do most of them (including all the landscape maintenance) So I've enjoyed living in a townhouse for ...
by ncbill
Sun Dec 16, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court
Replies: 190
Views: 14500

Re: ACA Struck down...yikes [by federal judge in Texas]

Maybe if ACA goes away, I can post a thread in the "Personal Finance (not investments)" sub-forum titled, "Seeking Single BH with Secure Health Insurance" to the effect of: Single BH with 7-figures invested in a well-diversified portfolio of low-cost index funds seeks single BH with secure health i...
by ncbill
Sun Dec 16, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Car buying decision
Replies: 32
Views: 2614

Re: Car buying decision

The lease payment offered isn't very competitive (a "good" lease has a month payment around 1% of the sales price), even with the "one-pay" discount. I'd buy from the cheaper dealer since you plan to keep it well past the lease term. There might be an additional discount if you take their financing ...
by ncbill
Sat Dec 15, 2018 10:39 pm
Forum: Personal Consumer Issues
Topic: A "super mega roll" of toilet paper = 6 "regular rolls:" is this possible?
Replies: 80
Views: 5407

Re: A "super mega roll" of toilet paper = 6 "regular rolls:" is this possible?

I'm surprised no one has mentioned bidet attachments...I've seen them as low as $30.
by ncbill
Thu Dec 13, 2018 11:14 am
Forum: Personal Consumer Issues
Topic: Is a New Car Okay if Driven 15+ Years?
Replies: 91
Views: 7449

Re: Is a New Car Okay if Driven 15+ Years?

You certainly can buy whatever you want but there are plenty of 2-3 year old Sienna vans to be had much cheaper than anything new. Is your 15-20 year number realistic?? Very few can keep and drive a car for 5-10 year. Even fewer (almost none) can or want to for 15-20. Depreciation is a terrible and...
by ncbill
Sun Dec 02, 2018 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: A paid off house
Replies: 10
Views: 2743

Re: A paid off house

Most residents in my townhouse community are elderly who have downsized from a traditional detached single family residence (SFR) after their kids left the nest. Since I was the oldest kid & stuck with doing the outside maintenance at my family's house I decided to skip buying a SFR & instead went s...
by ncbill
Tue Nov 27, 2018 5:04 pm
Forum: Personal Consumer Issues
Topic: Air heat pump questions (any experts in the community?)
Replies: 24
Views: 1882

Re: Air heat pump questions (any experts in the community?)

It is too bad you do not have gas available since the Bryant Evolution seems to be able to use both heat pump and gas supplement. You would probably gain some efficiency with a new heat pump. The newer variable speed ones are more efficient. I'd guess 10% depending on what your existing system is, ...
by ncbill
Sun Nov 25, 2018 9:48 am
Forum: Personal Consumer Issues
Topic: Networth to buy a dual turboprop aircraft?
Replies: 72
Views: 9258

Re: Networth to buy a dual turboprop aircraft?

You can buy and maintain an aircraft for less than many (most?) people spend on automobiles. Buy a used twin or single engine piston for less than most new autos, maybe. Maintain (or operate) for less than most autos, extremely doubtful. You can find more obscure planes for around $10,000; old Cess...
by ncbill
Fri Nov 16, 2018 11:52 am
Forum: Personal Consumer Issues
Topic: Cremation seminar – with complimentary lunch
Replies: 86
Views: 6464

Re: Cremation seminar – with complimentary lunch

$3400 is a little speedy for just cremation.

Here plenty of local providers will do a direct cremation for under $1000.
by ncbill
Thu Nov 15, 2018 3:02 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 111
Views: 10062

Re: Granddaughter needs $ help for university

Just a reminder to middle aged adults co-signing for student loans. If you're left to pay federally insured student loans and don't pay them off, the Social Security Administration will deduct up to 15% of your SS monthly payment to recoup the dollars you didn't pay back. I worried about the above ...
by ncbill
Mon Nov 12, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need more than Original Medicare?
Replies: 110
Views: 6384

Re: Do I need more than Original Medicare?

Yes, you need a Medigap plan and a drug plan. True story: I got an older relative (early 70s) signed up for Part B , Plan G, and drug plan just this spring (coverage didn't kick in until July 1) They had been having back trouble for several months and ultimately went in for spinal surgery early Sep...
by ncbill
Mon Nov 12, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need more than Original Medicare?
Replies: 110
Views: 6384

Re: Do I need more than Original Medicare?

Yes, you need a Medigap plan and a drug plan. True story: I got an older relative (early 70s) signed up for Part B , Plan G, and drug plan just this spring (coverage didn't kick in until July 1) They had been having back trouble for several months and ultimately went in for spinal surgery early Sep...
by ncbill
Mon Nov 12, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need more than Original Medicare?
Replies: 110
Views: 6384

Re: Do I need more than Original Medicare?

Yes, you need a Medigap plan and a drug plan for maximum flexibility. True story: I helped an older relative (early 70s) sign up for Part B , Plan G, and drug plan just this spring (coverage didn't kick in until July 1) They had been having back trouble for several months and ultimately went in for ...
by ncbill
Mon Nov 12, 2018 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: IRS publishes draft 2018 1040 - Huge changes made
Replies: 177
Views: 24018

Re: IRS publishes draft 2018 1040 - Huge changes made

It costs to file electronically unless you are poor. So unless they provide a free application I will file on paper. I use T-Tax Deluxe and use the 'free' federal filing. However, I still print and snail mail my state return. ~$0.95 stamps usually works. Yeah, I'd pay a reasonable fee, e.g. $5, to ...
by ncbill
Mon Nov 12, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Stop paying on life insurance policy?
Replies: 33
Views: 2560

Re: Stop paying on life insurance policy?

Term life insurance with a fixed premium over some number of years is priced such that the early years pay for the profit and additional death probability in the later years. Agree with this. It's a shame to pay the expensive early years of a level term policy and give up the cheap late years. Pric...
by ncbill
Thu Nov 08, 2018 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 114
Views: 14172

Re: Are We In A Real Estate Bubble?

I certainly hope so!

Since I'm getting a relative's home ready to sell.

Bring back the "fog a mirror to qualify" zero-down loans, please!
by ncbill
Tue Oct 23, 2018 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 188
Views: 17154

Re: Where would you go for financial guidance if you win the Megamillions?

There are only a handful of states where you can claim anonymously (or via a trust). The former is true the latter is not. There are several non-anonymous states that allow the claim via a trust. Sorry, I should have clarified: claim anonymously or claim via a trust to stay anonymous. Here a trust ...
by ncbill
Tue Oct 23, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 645
Views: 78509

Re: Picking College and College Scholarships

Just to be clear, the OP or his son took on some debt for his son to attend Notre Dame? Because that's what it sounds like. I'm curious because the OP was SO adamantly opposed to any kind of debt at all for his son and was willing to spend $25k cash flow and $10k college savings. What happened? It ...
by ncbill
Tue Oct 23, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 188
Views: 17154

Re: Where would you go for financial guidance if you win the Megamillions?

Guy who runs the mega millions lottery says the first thing you should do if you win is to sign the ticket. It could be stolen and claimed by someone else. However, I wonder if you want to sign your own name to the ticket, or should you get an attorney to create a trust or LLC to claim the ticket t...
by ncbill
Fri Oct 19, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: End of Life Expenses
Replies: 6
Views: 1201

Re: End of Life Expenses

How long do you want to live and with what quality of life? Most people never bother to prepare an advanced directive, so by default have everything done to them. Which can extend one's life by months or years in an expensive nursing facility. OTOH, I am currently caregiver for a relative diagnosed ...
by ncbill
Thu Oct 18, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: College loan advice?
Replies: 39
Views: 2904

Re: College loan advice?

Agree with above observations that students can only get federal loans (5500/5500/6500/7500) without co-signers. Unless there is demonstrated family financial need and Perkins loans become an option, but OP indicates that is not the case here. Probably having students take out a loan or not makes m...
by ncbill
Mon Sep 24, 2018 8:33 pm
Forum: Personal Consumer Issues
Topic: Where are the hybrid or fully electric two seater commuting vehicles?
Replies: 44
Views: 1991

Re: Where are the hybrid or fully electric two seater commuting vehicles?

Relative is a used car dealer down at the beach where roads are flat as a pancake.

He & his wife now commute from home to his business in a Smart EV.

Cost him little taking it in trade, recharges overnight via a lowly 120VAC outlet.
by ncbill
Mon Sep 24, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 98
Views: 7778

Re: Leasing Cars in Retirement

Not true at all, unless you trade it in and allow the dealer to rip you off. I disagree. Manufacturers "subsidize" leases by providing residuals which are higher than what you would be able to sell the car for. This applies even if you're willing to take on the considerable hassle of selling the ca...
by ncbill
Thu Sep 20, 2018 10:37 pm
Forum: Investing - Theory, News & General
Topic: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?
Replies: 70
Views: 4115

Re: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?

Paying a property manager (~6-10%) will usually absorb whatever cash you've got left after paying mortgage/maintenance/taxes/etc. There are special unicorns where you still make a decent return after paying the manager, e.g. you bought the home(s) at the nadir of their value in 2009, or inherited t...
by ncbill
Thu Sep 20, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: DIY Home Security: SimpliSafe vs Ooma vs Nest vs Ring vs Other?
Replies: 66
Views: 8467

Re: DIY Home Security: SimpliSafe vs Ooma vs Nest vs Ring vs Other?

I'm using Ooma and I like the simplicity of the system. All the devices are powered by Amazon purchased lithium-ion rechargeable batteries. I use door, window, motion detectors, and leak monitors. The system alerts me almost instantaneously if a door/window is open or leak detected. A 911 button ap...
by ncbill
Thu Sep 20, 2018 4:19 pm
Forum: Investing - Theory, News & General
Topic: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?
Replies: 70
Views: 4115

Re: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?

Paying a property manager (~6-10%) will usually absorb whatever cash you've got left after paying mortgage/maintenance/taxes/etc. There are special unicorns where you still make a decent return after paying the manager, e.g. you bought the home(s) at the nadir of their value in 2009, or inherited th...
by ncbill
Thu Sep 20, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 98
Views: 7778

Re: Leasing Cars in Retirement

Not true at all, unless you trade it in and allow the dealer to rip you off. I disagree. Manufacturers "subsidize" leases by providing residuals which are higher than what you would be able to sell the car for. This applies even if you're willing to take on the considerable hassle of selling the ca...
by ncbill
Sun Sep 16, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 98
Views: 7778

Re: Leasing Cars in Retirement

spend some time own the leasehackr [sic] dot com forums if you're interested in leasing.

IMHO, leasing has gotten more expensive (lower residual values, higher money factors, fewer lease rebates, more purchase rebates)
over the last year or so.
by ncbill
Sat Sep 15, 2018 10:33 am
Forum: Personal Consumer Issues
Topic: Subaru Forester - ready to buy
Replies: 43
Views: 4482

Re: Subaru Forester - ready to buy

We test drove the 2018 Forester and have decided to wait for the 2019 model. It depends on if the new model improvements matter to you. To us, they do. Specifically 2019 is supposed to be quieter and has CarPlay, both were sticking points for us. Plus LED headlights and EyeSight standard. I have a ...
by ncbill
Sat Sep 15, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 10644

Re: Massive Student Loan Debt - Fiancee

Her school likely has loan counseling officers. Sometimes financial education (or at least an understanding of the loan burden and payoff options) can start there. This may also be a case for an hourly financial planner to help discuss and explain options (one with a fiduciary responsibility). Eith...
by ncbill
Fri Sep 07, 2018 2:19 pm
Forum: Personal Consumer Issues
Topic: Car Shopping, Seem to lose my Boglehead way each time help!!
Replies: 37
Views: 3058

Re: Car Shopping, Seem to lose my Boglehead way each time help!!

So my best options to be a bit more boglehead are to A) buy used about 3 years old and get over my proclivity for new B) Keep them closer to 15 years then 9-10 allowing for 120-140k miles and more years for the deprecitation to amortize over. Either way I’m wasting some money, but I can likely halv...
by ncbill
Thu Sep 06, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Stay away from Non Traded Reits?
Replies: 23
Views: 1959

Re: Stay away from Non Traded Reits?

Unfortunately, the rest don't have any current plans to become marketable, so if I want to sell those it would be at a ~35% haircut, so I'll probably stick with them for now. The big problem I have now is that I have to find a new custodian for the above & I can't easily find info as to whether VG,...
by ncbill
Thu Sep 06, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Psychology of saving for college vs retirement
Replies: 66
Views: 4241

Re: Psychology of saving for college vs retirement

Please take care of your retirement first. I ended up having to leave full-time work in my early 30s to take care of a parent who became very ill after they managed to blow through a generous divorce settlement despite also receiving decent (lifetime) alimony. Because of the above my income for many...
by ncbill
Thu Sep 06, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Stay away from Non Traded Reits?
Replies: 23
Views: 1959

Re: Stay away from Non Traded Reits?

One thing that every investor ought to realize is that non-traded investments are a favored device to attract investors to commission-driven sales people. You can sell it and get a large commission right up front. After you sell it, there is no daily quotation, so you don't have to waste your time ...
by ncbill
Wed Aug 15, 2018 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Making money last through retirement
Replies: 26
Views: 4750

Re: Making money last through retirement

Thanks to everyone who has posted so far. Concerning my IRA with Vanguard. It sounds like there would be no tax liability at this point on the gain if I just switch funds with in Vanguard. How about on the other account? I am convinced now I should go for a much more conservative mix, but will I ha...
by ncbill
Thu Aug 02, 2018 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicle Leasing...Again ;)
Replies: 23
Views: 1976

Re: Vehicle Leasing...Again ;)

$3600/year for the leased vehicle doesn't seem expensive to me because even if you sell the financed vehicle for 25k as suggested that's still $2500/year to keep the financed vehicle. That neglects to account for average market returns and maintenance that you had to spend on that vehicle too thoug...
by ncbill
Thu Aug 02, 2018 11:27 am
Forum: Personal Consumer Issues
Topic: Older Camrys - Hybrid vs regular?
Replies: 25
Views: 1780

Re: Older Camrys - Hybrid vs regular?

Our recent battery replacement was $3000+ on our 2006 Prius. The battery is from Napa and was a rebuilt one with some guarantee, no memory of the details. Slightly newer models came with better batteries, which is a consideration. Even in my not-very-green state $1500 gets you a refurbished battery...
by ncbill
Sat Jul 28, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: Regret Public School?
Replies: 75
Views: 6177

Re: Regret Public School?

When I lived in LA, both of my next door neighbors were public school teachers. They sent their kids to a private school. Ralph Yep. For me it was private school until high school, then public (most private schools stopped at 9th grade back then). Public school was OK until my high school redistric...
by ncbill
Sat Jul 28, 2018 3:43 pm
Forum: Personal Consumer Issues
Topic: disposable cell phone
Replies: 19
Views: 1465

Re: disposable cell phone

My kid wanted data while in Canada for a week last summer.

So I just ordered a T-Mobile prepaid SIM off eBay on the $75/month unlimited plan for around $25 - they just had a different number for that week.
by ncbill
Wed Jul 25, 2018 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Investing with a Developer
Replies: 48
Views: 3892

Re: Investing with a Developer

I'd think a million bucks would be enough to get you into an existing multi-family rental with positive cashflow.
by ncbill
Wed Jul 25, 2018 12:53 pm
Forum: Personal Consumer Issues
Topic: How much car can I buy?
Replies: 46
Views: 2430

Re: How much car can I buy?

2 small children = "just buy the minivan"

$40k will get you a nicely equipped minivan of your choice of brands.
by ncbill
Fri Jul 13, 2018 1:37 pm
Forum: Investing - Theory, News & General
Topic: Home ownership vs investing -- condos vs renting, etc
Replies: 108
Views: 6271

Re: Home ownership vs investing -- condos vs renting, etc

Depreciation can offset income from rents (or a day job. As far as the day job, I thought passive income could not be used to offset employment income. IMHO it can often absorb all your returns but even hiring a property manager doesn't make your personally-held real estate a passive activity. The ...
by ncbill
Thu Jul 12, 2018 7:58 am
Forum: Investing - Theory, News & General
Topic: Home ownership vs investing -- condos vs renting, etc
Replies: 108
Views: 6271

Re: Home ownership vs investing -- condos vs renting, etc

Buying a home to live in is not an investment. See my signature. Your sage "signature" seems to ignore the impact of an obscure factor called "taxes." I suggest that you and your neighbor in the identical house switch residences and pay rent to each other, which will satisfy both prongs of you two-...
by ncbill
Tue Jul 10, 2018 11:06 am
Forum: Personal Consumer Issues
Topic: Continuing Care Community versus 55 + (no LTC and modest assets)
Replies: 61
Views: 4334

Re: Continuing Care Community versus 55 + (no LTC and modest assets)

There really aren't any guarantees with a CCRC. Especially as they renovate to improve their cash flow. My late grandparents' CCRC converted all their skilled nursing beds from semi-private to private, eliminating literally half the SNF beds available. So even if you were at the top of their priorit...