Search found 696 matches

by ncbill
Mon May 25, 2020 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Last-minute lien on home found - sign (as seller) anyway?
Replies: 12
Views: 1168

Last-minute lien on home found - sign (as seller) anyway?

So supposedly closing's tomorrow (selling my deceased relative's home) but the buyer's attorney informed me last Friday they found an old lien for a Wells Fargo HELOC which AFAIK was paid off in a mortgage refinance back in 2007. The WF HELOC is listed (with account number & balance) as going to be ...
by ncbill
Sun May 24, 2020 11:55 am
Forum: Personal Consumer Issues
Topic: Subaru Outback vs deer
Replies: 21
Views: 1804

Re: Subaru Outback vs deer

Definitely a claim under the "Comprehensive Insurance" section of your policy if you have such coverage. Comprehensive covers many other claims such as windshield damage from a rock or hit and run damage in a parking lot. I have been involved in all three instances in my sixty years of car insuranc...
by ncbill
Fri May 22, 2020 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: family cabin planning through generations
Replies: 26
Views: 4752

Re: family cabin planning through generations

Another vote for one person inherits it/buys everybody else out or it gets sold. For our family mountain cabin I bought out one relative over a decade ago but the last one wants a 50% premium for their share, so I'm essentially waiting until they die. Their sole heir lives 1500 miles away & knowing ...
by ncbill
Fri May 22, 2020 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: $5k - $7k to replace engine, or get something else? (loan on car)
Replies: 105
Views: 6303

Re: $5k - $7k to replace engine, or get something else? (loan on car)

It's good for the forum to have different perspectives. Readers get value from seeing different opinions and different points of view on specific topics. They can make up their own minds based on their specific context and ability and desire to take action. I would encourage anyone that feels they ...
by ncbill
Tue May 19, 2020 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 279
Views: 27868

Re: College in fall

I have seen that a few places lately.....schools talking about starting earlier (in August) and ending the semester early (by Thanksgiving). Does anyone know the reason for this? My guess is to have a longer break between semesters during peak flu season, but not sure. My guess is so that the stude...
by ncbill
Tue May 19, 2020 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 279
Views: 27868

Re: College in fall

https://www.nytimes.com/2020/05/18/us/notre-dame-reopening-coronavirus.html It looks like Norte Dame is opening up for fall on August 10 for the fall semester, they are moving the start date up two weeks in order to finish the semester by thanksgiving. This seems a little short sided on decision ma...
by ncbill
Tue May 19, 2020 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 279
Views: 27868

Re: College in fall

https://www.nytimes.com/2020/05/18/us/notre-dame-reopening-coronavirus.html It looks like Norte Dame is opening up for fall on August 10 for the fall semester, they are moving the start date up two weeks in order to finish the semester by thanksgiving. This seems a little short sided on decision ma...
by ncbill
Tue May 19, 2020 12:41 pm
Forum: Personal Consumer Issues
Topic: Ford F150 Engine long term reliability - V8 versus Turbo V6?
Replies: 62
Views: 3728

Re: Ford F150 Engine long term reliability - V8 versus Turbo V6?

helloeveryone wrote:
Tue May 19, 2020 11:21 am
If one was considering either a new or < 5-6 year used Ford F150 - would you get the V8 versus Turbo V6 for engine reliability purposes?
For reliability I'd always choose a naturally-aspirated engine over one with a turbo.
by ncbill
Sat May 16, 2020 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Inheriting an inherited IRA (non-spouse)
Replies: 8
Views: 813

Re: Inheriting an inherited IRA (non-spouse)

I recently inherited an inherited IRA and I am having a difficult time understanding the distribution rules. The original IRA owner (my aunt) died in 2017 at the age of 69 and my father inherited the account. My father took RMD for the account in 2018 and 2019. My father passed away in early 2020 a...
by ncbill
Fri May 15, 2020 9:47 am
Forum: Personal Consumer Issues
Topic: Dental estimate for a gold crown
Replies: 28
Views: 1965

Re: Dental estimate for a gold crown

I have pfm crowns on both sides with the porcelain worn off, unless the seal between the tooth and the metal is broken, you may not need to replace it just yet ditto I have a nearly 25-year-old porcelain-over-metal crown on my last molar (live tooth) as well. the porcelain coating has worn off in t...
by ncbill
Fri May 15, 2020 9:28 am
Forum: Personal Consumer Issues
Topic: Cheap Chromebook vs Laptop PC quality/options for child
Replies: 40
Views: 2136

Re: Cheap Chromebook vs Laptop PC quality/options for child

If his school is using Chromebook that's all your kid needs.

That's what all the K-12 schools here have done...public & most of the private.

Why bother with Windows service/support issues if you don't have to bother?
by ncbill
Mon May 11, 2020 7:14 am
Forum: Personal Finance (Not Investing)
Topic: $5k - $7k to replace engine, or get something else? (loan on car)
Replies: 105
Views: 6303

Re: $5k - $7k to replace engine, or get something else? (loan on car)

I dunno why people like honda / acura so much. I know 3 people who had problems with various honda / acura including engines and transmission issues on 5 year +/- cars. Of course YMMV, but I've owned three Hondas starting with my '85 Prelude, a 92 Civic and and a 2010 Odyssey. All three went into t...
by ncbill
Mon May 11, 2020 7:06 am
Forum: Personal Finance (Not Investing)
Topic: What age do you use for retirement end date?
Replies: 68
Views: 4095

Re: What age do you use for retirement end date?

95 or 100 is the default age for the retirement calculators I use.

Though one of the above notes I have a 3/4 chance of being dead by age 85, which doesn't exactly surprise me, given:

Mom died early 60s after being bedridden for nearly a decade.

Dad can barely walk at this point and he's just 80.
by ncbill
Sat May 09, 2020 11:52 am
Forum: Personal Consumer Issues
Topic: Ridiculous HVAC Duct cleaning quote
Replies: 51
Views: 4707

Re: Ridiculous HVAC Duct cleaning quote

I paid for duct cleaning from a local company for a deceased relative's house that was going up for sale...under $1000 for an older house (~1,200 sqft) with two sets of ductwork (A/C separate from furnace) I did it because they were the heaviest smoker I've ever known...gross stuff (think sticky cob...
by ncbill
Thu May 07, 2020 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Sibling's Undergrad or Refinance Parent's Mortgage
Replies: 52
Views: 3149

Re: Pay Sibling's Undergrad or Refinance Parent's Mortgage

Brother seems physically fit enough to join the MI National Guard to take advantage of their tuition benefits:

https://minationalguard.dodlive.mil/ret ... -benefits/
by ncbill
Tue May 05, 2020 3:46 pm
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30536

Re: My theory about FIRE

Because getting to be FI is a heck of a lot easier with a high income. Very few are frugal enough to make it on lower income. I gave my kids the exact opposite advice you gave because if they can FIRE at age 35 with 33x expenses they can switch to that low income passion career and not have to worr...
by ncbill
Tue May 05, 2020 2:56 pm
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13268

Re: ??? @Thomas Stanley - Stop Acting Rich book

On the other hand, you have another group who need to go heavily into debt in order to train for their profession, and then spend the early part of their careers paying off their loans. But once they do clear their student debt, they can boost their net worth dramatically and most of that wealth wi...
by ncbill
Tue May 05, 2020 10:13 am
Forum: Personal Consumer Issues
Topic: Does this "prove the debt" response make sense?
Replies: 7
Views: 891

Re: Does this "prove the debt" response make sense?

Tried to resolve an overcharge issue (under $1000) twice over the phone with the ALF where my relative died last year. I was assured both times they'd take care of it. Now I get a (law firm) creditor's demand letter, and this is my draft response (body): "I received a letter from your firm on April...
by ncbill
Mon May 04, 2020 4:12 pm
Forum: Personal Consumer Issues
Topic: Does this "prove the debt" response make sense?
Replies: 7
Views: 891

Does this "prove the debt" response make sense?

Tried to resolve an overcharge issue (under $1000) twice over the phone with the ALF where my relative died last year. I was assured both times they'd take care of it. Now I get a (law firm) creditor's demand letter, and this is my draft response (body): "I received a letter from your firm on April ...
by ncbill
Sat Apr 18, 2020 11:18 am
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 13463

Re: How many paid for kids' college?

If you want them to go anywhere else , you need to pay for the difference, cosign on private student loans, find a rich grandparent to help out, or pray they get a full ride somewhere. The bolded portion is an issue for me. You are framing it as if it is the parent's decision. IMO, this decision (a...
by ncbill
Sat Apr 18, 2020 10:34 am
Forum: Investing - Theory, News & General
Topic: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate
Replies: 622
Views: 31394

Re: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate

You may want to brush up on the ACA rules, and Soc Sec bend points. At those income, one would likely qualify for close to free health insurance in most states. Even retiring 5-10 years early, one can often exceed the second bend point, in which case they will be entitled to substantial Soc Sec ben...
by ncbill
Thu Apr 16, 2020 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 13463

Re: How many paid for kids' college?

Military paid for most of my kids' undergraduate educations...via ROTC scholarships which covered tuition & fees, I paid room & board. One perquisite of receiving a ROTC scholarship is that the school itself usually awards an annual grant (not need based) that covers around 50% of the cost of a room...
by ncbill
Thu Apr 16, 2020 1:56 pm
Forum: Personal Consumer Issues
Topic: T-Mobile Connect - $15/mo 2GB
Replies: 27
Views: 2535

Re: T-Mobile Connect - $15/mo 2GB

Cricket offer is a straight $15/line. Our family plan is $100 for 4 lines, 'unlimited. This would be $60, wonder if anyone would complain after their youtube slowed down :wink: Price subject to change. Speeds up to 4G LTE; reduced to 128 Kbps after data allowance is used. Download speeds max 8 Mbps...
by ncbill
Tue Apr 07, 2020 7:34 pm
Forum: Personal Investments
Topic: Probability of V shaped Rebound in Stocks
Replies: 82
Views: 7642

Re: Probability of V shaped Rebound in Stocks

With the St. Louis Fed economists' study projecting ~1/3 of the labor force unemployed current quarter I don't see a V-shaped recovery...
by ncbill
Tue Mar 31, 2020 9:58 am
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 279
Views: 27868

Re: College in fall

I'm not letting my kid sign a new apartment lease until we know for sure they're actually going to be on campus for class this fall. I'm already paying rent on their empty apartment (corporate landlord won't negotiate) through the summer. Fortunately we have a relative ~30 minutes from campus who ha...
by ncbill
Sun Mar 29, 2020 2:26 pm
Forum: Personal Consumer Issues
Topic: Slash your cell phone bill!
Replies: 26
Views: 4338

Re: Slash your cell phone bill!

Cricket now also offers $15/month with 2GB high-speed data, throttled to 128kBps after that.

I moved all my lines to the above plan and cut my monthly bill by over half.
by ncbill
Sun Mar 29, 2020 2:25 pm
Forum: Personal Consumer Issues
Topic: Need a cheaper cell phone plan
Replies: 56
Views: 4449

Re: Need a cheaper cell phone plan

Cricket (which is ATT) offers $15/month plan for 2 gb of high speed data. After that it slows to 128kb/s but it’s not a hard data cap. Taxes & fees included. Thanks for the information. Wife and I are on their $30/Month 2GB plan. Is there any reason we shouldn't switch? No reason not to switch unti...
by ncbill
Sun Mar 29, 2020 2:16 pm
Forum: Personal Consumer Issues
Topic: How much umbrella insurance do I need?
Replies: 14
Views: 1059

Re: How much umbrella insurance do I need?

If you are young and have a high income though I assume they could garnish your wages for 20 years. Not if you discharge the judgment via bankruptcy. Still, with say a $2 million umbrella policy (plus another $500,000 under auto coverage...insurers often require boosting auto limits to that level) ...
by ncbill
Fri Mar 27, 2020 7:26 am
Forum: Personal Investments
Topic: Effect of COVID19 on Real Estate
Replies: 42
Views: 6070

Re: Effect of COVID19 on Real Estate

Trying to sell the home of a deceased relative.

Didn't get it onto the market until the end of last year...got a handful of low-ball offers over the winter which I rejected.

Had hopes for this spring, but now I wonder if it'll get any traction until the following spring.
by ncbill
Fri Mar 06, 2020 2:32 pm
Forum: Personal Consumer Issues
Topic: Staying Proficient on Windows PCs
Replies: 33
Views: 2136

Re: Staying Proficient on Windows PCs

Get virtual machine software for your Mac - VMware Fusion is the "high end", you could also get VirtualBox for free, and just run Windows and the other software inside the VM. Could come in handy if you ever need to run Windows-only software, too. I use Parallels...which made it very easy to instal...
by ncbill
Thu Mar 05, 2020 12:53 pm
Forum: Personal Consumer Issues
Topic: Costco Tires
Replies: 95
Views: 8062

Re: Costco Tires

Nitrogen in tires is a gimmick. Totally useless. I don't want it, even if it's free. In no time at all, I'd be putting air in my tires from the station pump so even if there is any benefit it wouldn't be for long. That makes little sense. Costco fills tires for free with nitrogen. Nitrogen is not a...
by ncbill
Thu Mar 05, 2020 12:39 pm
Forum: Personal Consumer Issues
Topic: roof & central A/C aging - seek financial and mechanical advice
Replies: 13
Views: 1129

Re: roof & central A/C aging - seek financial and mechanical advice

Abandon the attic-mounted A/C...use the basement unit for both heat & A/C...add a mini-split to the upstairs only if needed.
by ncbill
Sun Mar 01, 2020 4:40 pm
Forum: Investing - Theory, News & General
Topic: Millionaire Next Door compared to Dave Ramsey research
Replies: 31
Views: 4115

Re: Millionaire Next Door compared to Dave Ramsey research

Lots of survivorship bias in those "must own a business to make it" books. Plenty of people try to own their own business and fail...no one's writing bestselling books about them. Even those who are successful in one area of business usually aren't in other areas. I've known people making millions i...
by ncbill
Sat Feb 29, 2020 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare vs IRMAA vs health care coverage
Replies: 37
Views: 2018

Re: Medicare vs IRMAA vs health care coverage

Go to Sun City Arizona or some other low cost retirement community. You will meet older widows or widowers or older single adults who have lived long rich lives and spent all their money or never made enough in their lives. They are living in their paid for home on a single small Social Security ch...
by ncbill
Sat Feb 29, 2020 11:05 am
Forum: Personal Investments
Topic: Managing Private Equity Accounts
Replies: 5
Views: 247

Re: Managing Private Equity Accounts

It's doubtful Vanguard will be willing to hold them, period. Nor does Fidelity. I checked...none of the above were willing to hold alternative investments (mine were non-traded, REITs, BDCs, some 263(c) oil & gas investments) when the broker I was using shut down. So for the ones I'm still stuck wit...
by ncbill
Thu Feb 20, 2020 4:49 pm
Forum: Personal Consumer Issues
Topic: Showing receipt at Walmart
Replies: 44
Views: 1988

Re: Showing receipt at Walmart

Ignoring the request to see a receipt may lead to the retailer being able to legally detain you and contact the police to investigate the issue, depending on the state. Shopkeeper's privilege is a law recognized in some parts of the United States under which a shopkeeper is allowed to detain a susp...
by ncbill
Wed Feb 19, 2020 1:17 pm
Forum: Personal Investments
Topic: New Military recruit needs help with TSP
Replies: 23
Views: 2702

Re: New Military recruit needs help with TSP

I know I'm reviving an old thread, but it's worth noting that the new Blended Retirement System(BRS) starts matching at 1%, but does not match the 5% until 2 years of service (YOS). https://militarypay.defense.gov/Portals/3/Documents/BlendedRetirementDocuments/A%20Guide%20to%20the%20Uniformed%20Ser...
by ncbill
Sun Feb 16, 2020 11:28 am
Forum: Personal Investments
Topic: Affordable Health Care Subsidy Not Elegible if I realize Gains - What to do?
Replies: 14
Views: 1565

Re: Affordable Health Care Subsidy Not Elegible if I realize Gains - What to do?

Parents can transfer up to $30k ($15k each) of stock while staying within the annual gifting limit to the kid who can then sell it.
by ncbill
Sun Feb 16, 2020 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Risky Financial Decisions You’ve Made in the Past
Replies: 49
Views: 3573

Re: Risky Financial Decisions You’ve Made in the Past

Investing in non-traded vehicles like BDCs, REITs, and direct oil & gas [263(c)] simply because they yielded a little more at the time than publicly-traded investments or for promised tax advantages that never materialized. Still trying to get rid of some of the above, probably at a significant loss...
by ncbill
Wed Feb 12, 2020 8:08 pm
Forum: Investing - Theory, News & General
Topic: Indexing versus real estate for low income investors
Replies: 21
Views: 1604

Re: Indexing versus real estate for low income investors

If you have spare time and skills to do part or all of the renovations you have a real advantage. It would be, as noted, another job, maybe another job and a half. Higher-income people may not have the time, desire, or hands-on ability to do the work. The risks of no diversification remain and it m...
by ncbill
Wed Feb 12, 2020 7:58 pm
Forum: Personal Consumer Issues
Topic: Best Oil?
Replies: 125
Views: 10171

Re: Best Oil?

Since taxicabs generally put on a lot of miles with mostly in city driving, I wonder what a well informed cab company uses in their cab fleets? With a fleet of cabs, I believe that if one type or brand of oil is "better" (meaning the cabs last longer and need fewer repairs), a little more spent on ...
by ncbill
Wed Feb 12, 2020 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: first/final 1041 h&r block program
Replies: 4
Views: 521

Re: first/final 1041 h&r block program

Pony up the $100 or so for TurboTax Business...it handles estates/trusts filing (e-filing is not free, so I print out paper returns)

I tried to use H&R Block's version (that covers estates/trusts) one year and it was too confusing...though I use Deluxe & State for personal returns.
by ncbill
Wed Feb 12, 2020 11:50 am
Forum: Personal Consumer Issues
Topic: Thoughts on buying cheap, used, short range EV
Replies: 87
Views: 5282

Re: Thoughts on buying cheap, used, short range EV

Relative who is a used car dealer took a Smart EV in trade...his wife loved it...60+ miles range, charged easily overnight with a regular 120VAC extension cord (zero need to add a 240VAC charger)

Don't know about what service/support would be available, though, given Smart has exited the U.S. market.
by ncbill
Mon Feb 10, 2020 10:44 am
Forum: Personal Consumer Issues
Topic: Chrysler Pacifica?
Replies: 33
Views: 2192

Re: Chrysler Pacifica?

From a pure product perspective (design, features, etc), it's by far the best option in the minivan segment. Unfortunately, reliability has not been good at all. Maybe it will get better, I can't say. But I would definitely lease. Ditto...I've been a regular reader of the Pacifica online forum sinc...
by ncbill
Sun Feb 09, 2020 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Wife's oncologist has stopped treatment, is recommending hospice
Replies: 93
Views: 14793

Re: Wife's oncologist has stopped treatment, is recommending hospice

Given the difficulties with Medicare Advantage plans & Hospice on another thread here I also recommend you have her sign up for a traditional supplement plan (e.g. Plan G & drug plan) instead of any type of Medicare Advantage plan. I did the above with a relative who was on Hospice for several month...
by ncbill
Thu Feb 06, 2020 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Couples w/ kids: What is/was the most expensive time period of your life?
Replies: 145
Views: 11984

Re: Couples w/ kids: What is/was the most expensive time period of your life?

Yes, I could have said you're not going to be in jazz or marching band or speech or Boy Scouts unless you pay for it all yourself and saved a ton of money. He probably would have been perfectly happy to just sit in his room and play video games all day at no cost to me. But, it was important to me ...
by ncbill
Wed Feb 05, 2020 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 37
Views: 2466

Re: College Expenses

Military service offers many ways to pay for college: Enlist & use the GI Bill afterwards...ROTC scholarships...joining the state National Guard covers tuition/fees in many states at public schools...with the latter one can also join ROTC & collect both the monthly ROTC stipend & drill pay via the S...
by ncbill
Wed Feb 05, 2020 1:12 pm
Forum: Investing - Theory, News & General
Topic: Those Who Want to Work Past 70
Replies: 25
Views: 2454

Re: Those Who Want to Work Past 70

Plenty of surveys out there polling people...many say they plan to work past 65...but many fewer are actually working after 65. Buried a relative last year who planned on the above...but their whole department was laid off when my relative was age 60...they had to cash in their pension to make it un...
by ncbill
Wed Feb 05, 2020 1:08 pm
Forum: Personal Investments
Topic: My wife's Morgan Stanley Financial advisor passed at 44 years old
Replies: 21
Views: 4345

Re: My wife's Morgan Stanley Financial advisor passed at 44 years old

Yep, again the most striking reason to retire early on those forums is some variant of "my spouse/co-worker/co-worker's spouse died (mid-40s to mid-50s)"

There are plenty here who mistakenly think they'll be working (or even able to work) well into their 70s.
by ncbill
Mon Feb 03, 2020 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Merit Scholarships - Advice and Strategies?
Replies: 91
Views: 6512

Re: Merit Scholarships - Advice and Strategies?

We are just starting the college search process for daughter #2 who is a HS junior. Daughter #1 is in her final year of college. She was a very average student in HS and college with very average test scores so we have been paying full freight at an out-of-state public school with no financial aid ...