Search found 327 matches

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: 5252

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: 5252

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: 3892

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...
by ncbill
Sat Jul 07, 2018 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone hear of or invest in Rich Uncles?
Replies: 18
Views: 3447

Re: Anyone hear of or invest in Rich Uncles?

I have listened to their radio advertisements on KFI which is probably the #1 talk radio station in SoCal. The long time trusted DJ's go on and on about how they to are investors and what a great deal Rich Uncles is. I haven't heard much lately as Online Trading Academy seems to have taken Rich Unc...
by ncbill
Thu Jul 05, 2018 11:11 am
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 112
Views: 7641

Re: AAA? What to do in car emergencies?

You might want to call your local towing companies and ask them what they get paid by various providers. Not long ago I read a comment by someone purporting to be a tow truck driver who said AAA paid more than the other guys (insurance or automaker "roadside assistance") so the "other than AAA" call...
by ncbill
Thu Jul 05, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Why visa
Replies: 55
Views: 5459

Re: Why visa

It's true that Visa (and master card etc) does offer a fraud protection guarantee, but better read that fine print. It has many limitations including how many times a year you claim fraud. Business account, or pass through account? That protection guarantee goes poof. You're stuck with debit legal ...
by ncbill
Thu Jul 05, 2018 10:21 am
Forum: Personal Consumer Issues
Topic: How do I fix my heating bill?
Replies: 73
Views: 3306

Re: How do I fix my heating bill?

After reading all these posts (it certainly sounds like the heat pump is not setup correctly to use the electric heat strips) I am very glad my HVAC is a heat pump with natural gas backup (no electric heat strips) If the local HVAC companies can't figure out the correct wiring it might just be worth...
by ncbill
Thu Jul 05, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Universal life insurance within ones Asset Allocation Model
Replies: 15
Views: 1291

Re: Universal life insurance within ones Asset Allocation Model

Thank you for the responses. I must say , I did not find the Universal Life Policy with the LTC rider that complicated. The main drawback in my mind is the absence of COLA. What attracted me the most is that if I am lucky enough not to need any LTC, the 200K will be left to my beneficiaries. The po...
by ncbill
Thu Jul 05, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Why visa
Replies: 55
Views: 5459

Re: Why visa

You don't need to use credit cards to get the Visa protection, just run your debit card as credit. That causes the transaction to go through the credit network and you get all the Visa fraud protections (which you do NOT get on debit card transactions). If someone steals your debit number and runs ...
by ncbill
Sat Jun 30, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Why visa
Replies: 55
Views: 5459

Re: Why visa

You don't need to use credit cards to get the Visa protection, just run your debit card as credit. That causes the transaction to go through the credit network and you get all the Visa fraud protections (which you do NOT get on debit card transactions). If someone steals your debit number and runs ...
by ncbill
Fri Jun 29, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: Is today's furniture market wackier than ever?
Replies: 18
Views: 2412

Re: Is today's furniture market wackier than ever?

Nope. I remember buying furniture 30 years ago that was of inconsistent and low quality. Made by the guy down the street. How it turned out depended on how he felt that day, whether he had been out drinking the night before, whether he was in a rush and didn't care, whether he had his nephew finish...
by ncbill
Fri Jun 29, 2018 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9762

Re: Stocks vs. rental property

Yep, sounds like he sold at market lows.

Instead, since he was retiring in 2008 he should have rebalanced to 25-35% equities in order to follow the "rising equity glide path" model to minimize sequence of return risk.

The more I read here the more I favor the above approach for retirement.
by ncbill
Fri Jun 29, 2018 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 54
Views: 6691

Re: Umbrella Policy: Right amount for $7 mil net worth?

As been stated by others, your net worth has nothing to do with how much umbrella insurance you need and discussing it in those terms means you don't understand what umbrella coverage is. I'm not sure I agree with this. Seems to me that the more assets one has, the higher the umbrella coverage shou...
by ncbill
Thu Jun 28, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: "How to invest without regret" - Daniel Kahneman
Replies: 20
Views: 2722

Re: "How to invest without regret" - Daniel Kahneman

Stumbled on an article this morning that I found interesting https://qz.com/1312744/how-to-invest-without-regrets-according-to-a-nobel-winning-economist/ . As someone who has struggled with loss aversion in investing, I've always thought Kahneman's behavioral economics theories to be spot on. I fin...
by ncbill
Thu Jun 28, 2018 11:26 am
Forum: Personal Consumer Issues
Topic: Is today's furniture market wackier than ever?
Replies: 18
Views: 2412

Re: Is today's furniture market wackier than ever?

Used furniture (with the exception of MCM) is cheaper than ever.

Picked up several sold cherry pieces at the local Habitat store.

Better-built than nearly anything you'd buy new today.
by ncbill
Thu Jun 28, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella policy-how much liability coverage
Replies: 30
Views: 2240

Re: Umbrella policy-how much liability coverage

As I understand it, your umbrella should be enough to cover your net worth. I would round up some. If someone sues you and wins, they are only going to get what you have which is your net worth. The umbrella provides insurance should this occur. Umbrella coverage in excess of your net worth is wast...
by ncbill
Thu Jun 28, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella policy-how much liability coverage
Replies: 30
Views: 2240

Re: Umbrella policy-how much liability coverage

As I understand it, your umbrella should be enough to cover your net worth. I would round up some. If someone sues you and wins, they are only going to get what you have which is your net worth. The umbrella provides insurance should this occur. Umbrella coverage in excess of your net worth is wast...
by ncbill
Wed Jun 27, 2018 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20706

Re: Can you retire on $2M?

Yep, this should be a reality check for those planning to stay in a HCOL area after retirement. Even after the mortgage is paid-off, housing expenses, taxes, insurance will continue to be significantly more expensive vs MCOL/LCOL areas. Somewhat... but there is still a WIDE variation of experience ...
by ncbill
Wed Jun 27, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20706

Re: Can you retire on $2M?

Honestly, I don't understand how people live on $40K, $50K or even $60K per year. Including taxes as well as healthcare before Medicare kicks in, I struggle to get it below $100K for two people, assuming we want to do anything besides sit in the house not spending money. But if we just sit in the h...
by ncbill
Wed Jun 27, 2018 7:29 am
Forum: Personal Finance (Not Investing)
Topic: IRS publishes draft 2018 1040 - Huge changes made
Replies: 156
Views: 16510

Re: IRS publishes draft 2018 1040 - Huge changes made

DrCheese wrote:
Tue Jun 26, 2018 6:40 pm
The only "problem" I have with this is putting capital gains on schedule 1. It should be on the 1040.
Now if I have a few capital gains, I have to file Schedule 1, Schedule D and Form 8949. It is a little too much.
So the "simplified needs test" under FAFSA is now no longer an option?
by ncbill
Tue Jun 26, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9762

Re: Stocks vs. rental property

what are your unleveraged returns on real estate? i go back and forth... i have no particular stance on real estate other than i know NOTHING about it, and that scares me. I also just want to be a completely passive investor . I don't want to be a small business owner or manager. If I could invest ...
by ncbill
Tue Jun 26, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8467

Re: Retirees: When you cut spending, what do you cut?

Main thing I could cut would be rent, either by moving somewhere cheaper, or buying a house (total remaining in my SWR after downpayment and mortgage would be less). Beyond that, I have few expenses that aren't pretty necessary. Move in with family. DW's grandmother, who only had SS spousal benefit...
by ncbill
Mon Jun 25, 2018 9:35 pm
Forum: Personal Consumer Issues
Topic: Used vs New - always buy new once you get to a certain point?
Replies: 31
Views: 2976

Re: Used vs New - always buy new once you get to a certain point?

Those who have achieved FI but now want "that new car smell" often lease. Transportation becomes just another fixed monthly expense with no "lumpy" surprises like out-of-warranty repairs. Especially if they now want to drive more luxurious vehicles, whose manufacturers often incentivize leases over ...
by ncbill
Mon Jun 25, 2018 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: "Never time the market" vs. lump sum investment
Replies: 68
Views: 5074

Re: "Never time the market" vs. lump sum investment

Not clear how soon the OP wants to retire, but I'd would follow the "rising equity glide path" model were a 7-figure lump sum to drop into my lap.

I'm old enough that I'd want to use the above approach to mitigate sequence of return risk (SORR)
by ncbill
Fri Jun 22, 2018 8:38 pm
Forum: Personal Consumer Issues
Topic: Boglehead guilt with buying a car - Volvo vs Toyota Highlander
Replies: 69
Views: 4514

Re: Boglehead guilt with buying a car - Volvo vs Toyota Highlander

I know leasing isn't really popular on here, but if you don't need a lot of miles it's worth looking into. Total cost of ownership can come out significantly ahead on good deals. For example, I know from time to time you can lease an XC90 T5 for $400/mth at 10k miles/year (12k won't be much more). ...
by ncbill
Tue Jun 19, 2018 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Value of a Military Retirement
Replies: 30
Views: 3468

Re: Value of a Military Retirement

depending on if and when I get promoted to O-6. O-6 is insanely hard to achieve in certain branches/areas/career fields. If you make that in 20 years, that will be fairly impressive. I believe doctors start at O3 or O4 so it's not as difficult. Yep, have a relative who got a great deal in their ear...
by ncbill
Mon Jun 18, 2018 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Universal life insurance within ones Asset Allocation Model
Replies: 15
Views: 1291

Re: Universal life insurance within ones Asset Allocation Model

Thank you for the responses. I must say , I did not find the Universal Life Policy with the LTC rider that complicated. The main drawback in my mind is the absence of COLA. What attracted me the most is that if I am lucky enough not to need any LTC, the 200K will be left to my beneficiaries. The po...
by ncbill
Mon Jun 18, 2018 7:46 am
Forum: Personal Consumer Issues
Topic: New refrigerator issues
Replies: 18
Views: 1715

Re: New refrigerator issues

Great information. It still is too loud though. Has anyone noticed the newer refrigerators running louder than older ones? In 2005 I replaced a refrigerator from the 60's. I was shocked by how loud the new one was. It literally woke me up at night. There was nothing wrong with it and I got used to ...
by ncbill
Sun Jun 17, 2018 7:20 pm
Forum: Investing - Theory, News & General
Topic: A different theoretical view of SWR
Replies: 63
Views: 3979

Re: A different theoretical view of SWR

Why not do the "rising glide path" approach?

IIRC, that starts at a recommended 30/70 stock/bond AA.
by ncbill
Sun Jun 17, 2018 7:15 pm
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11908

Re: Which boglehead rule do you break--and are ok with

I'll be leasing the next several vehicles.

Using leasehackr [sic] dot com forums to research whatever's on sale.

I regret missing out on the $75/month Buick Encores...
by ncbill
Sun Jun 17, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: A different theoretical view of SWR
Replies: 63
Views: 3979

Re: A different theoretical view of SWR

Isn't OP's approach similar to the "wasting asset" retirement model?
by ncbill
Sun Jun 17, 2018 10:20 am
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 8409

Re: Which Supermarket are you?

Lidl opened here recently nearby.

And immediately became our "go-to" store.

Much better than the Aldi's which has been around for years, though, to be fair, Aldi's here is not in the best part of town.
by ncbill
Sun Jun 17, 2018 10:11 am
Forum: Personal Consumer Issues
Topic: What to do with the family wagon
Replies: 16
Views: 1460

Re: What to do with the family wagon

Replace the engine if needed. Last time I looked I saw people online saying they paid about $6500 for my same-generation Suburban. Excessive oil consumption leading to piston damage is common from poor implementation of cylinder deactivation (DOD) on that engine, at least for my (earlier) model yea...
by ncbill
Sat Jun 16, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA: Using it for kids college
Replies: 31
Views: 1935

Re: Inherited IRA: Using it for kids college

OP here. After maxing out my 401k and doing my backdoor Roth’s within the first couple months, I usually end up with a substantially larger amount going into my taxable account each year. In retirement, I don’t plan on having any type of debt and most of my withdrawals will be from a taxable accoun...
by ncbill
Sat Jun 16, 2018 10:11 am
Forum: Personal Consumer Issues
Topic: What to do with the family wagon
Replies: 16
Views: 1460

Re: What to do with the family wagon

Replace the engine if needed. Last time I looked I saw people online saying they paid about $6500 for my same-generation Suburban. Excessive oil consumption leading to piston damage is common from poor implementation of cylinder deactivation (DOD) on that engine, at least for my (earlier) model year...
by ncbill
Fri Jun 15, 2018 3:37 pm
Forum: Personal Consumer Issues
Topic: A vehicle that "sits up" but can't afford CRV
Replies: 63
Views: 5305

Re: A vehicle that "sits up" but can't afford CRV

New CRV-LX is $25,245 msrp with destination charge. Has the non-turbo engine, which I'd recommend. Does not have Honda Sensing safety electronics. Base Subaru Forester is $24,710 MSRP similarly equipped, no safety system . Base Toyota RAV4 is $25,705 MSRP but that includes Toyota Safety Sense safet...
by ncbill
Fri Jun 15, 2018 10:00 am
Forum: Personal Consumer Issues
Topic: Subaru EyeSight windshield insurance
Replies: 14
Views: 1631

Re: Subaru EyeSight windshield insurance

amp wrote:
Fri Jun 15, 2018 8:15 am
For what it's worth, I was quoted a $60 additional annual premium for window replacement coverage with a $50 deductible. This is through Travelers in Colorado.
Same here - multiple vehicles, paying $4-$5/month for comprehensive.

Much cheaper than collision coverage.
by ncbill
Thu Jun 14, 2018 6:03 am
Forum: Personal Finance (Not Investing)
Topic: long term care insurance
Replies: 113
Views: 5817

Re: long term care insurance

https://www.wsj.com/articles/long-term-care-insurance-isnt-dead-its-now-an-estate-planning-tool-1528387201 This article in the Wall Street Journal was just posted (June 11th) and highlights hybrid policies which for some families, could be very helpful. It's an interesting read. It's definitely aim...
by ncbill
Tue Jun 12, 2018 3:00 pm
Forum: Investing - Theory, News & General
Topic: Tilt tward small & mid capital for 1 to 2% more return
Replies: 13
Views: 1011

Re: Tilt tward small & mid capital for 1 to 2% more return

IIRC from what I've read here, funds designed to take advantage of those tilts have had a hard time actually capturing those premiums in the real world.
by ncbill
Tue Jun 12, 2018 2:48 pm
Forum: Personal Consumer Issues
Topic: When should you consider removing the collision coverage on a car?
Replies: 70
Views: 5707

Re: When should you consider removing the collision coverage on a car?

I dropped collision and comprehensive on my 10 year old truck with about 95K miles. The truck is probably worth around $8K. I also dropped rental and towing coverage at the same time. My reasoning - I only insure things I can't easily afford. Dropping collision saved me $300/year and dropping compr...
by ncbill
Tue Jun 12, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease for parents
Replies: 37
Views: 2664

Re: Car Lease for parents

You can do monthly payments with purchases. I agree, but it is attractive to her for two reasons: The first is that the payments are lower, she has more free cash flow. The second is that she never has to worry about repair or maintenance. She gets to turn the car in prior to even the tires wearing...
by ncbill
Tue Jun 12, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: Should I fix the car or get rid of it?
Replies: 20
Views: 1720

Re: Should I fix the car or get rid of it?

I was able to locate a former Subaru Master Technician that still does work on the side. He agreed to charge $750 if I purchase the parts, which cost around $600. I’ll update after the work is completed. While the engine's apart be sure to replace other components if they're due, e.g. water pump (&...
by ncbill
Mon Jun 11, 2018 1:54 pm
Forum: Personal Consumer Issues
Topic: A Simple new car lease formula?
Replies: 14
Views: 1504

Re: A Simple new car lease formula?

Have had a lifetime of buying 2 year-old cars and driving them until theyhe are a clunker and t I just give away to family. That has allowed me to now afford to lease and drive a new car every 2-3 years. without the hassle of selling or trading in where I never have well or get anything near "trade...
by ncbill
Mon Jun 11, 2018 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Car Lease for parents
Replies: 37
Views: 2664

Re: Car Lease for parents

Car leases are bad regardless of age. This is so true. However, my mom leases and I think it is the right thing for her. She is the kind of a person, that would freak out, if she took 1,000 out of savings, but then replaced it with 1,100 worth of income over 6 months. Her income is pension/ss based...
by ncbill
Sun Jun 10, 2018 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads' College Philosophy question
Replies: 68
Views: 3817

Re: Bogleheads' College Philosophy question

Military service to pay for college, GI Bill/Guard for public schools, ROTC scholarships for private. I'm still amused by those advocating "sheltering" assets - doesn't work if your kid's looking at private schools - unlike FAFSA, with CSS you must disclose essentially everything. Maybe best for the...
by ncbill
Sun Jun 10, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease for parents
Replies: 37
Views: 2664

Re: Car Lease for parents

My parents are 93 and 86. They bought a Buick 20+ years ago as their "last car." However, they seem to be outliving the car. They both still drive well, but cautiously. Dad may be coming to the end of his driving in the next year. A new car dealer near them is running a lease promotion, with the po...
by ncbill
Sun Jun 10, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Home Insurance : H03 Vs H05 policy types
Replies: 27
Views: 6583

Re: Home Insurance : H03 Vs H05 policy types

Bringing this back to life as I have the same decision to make. I'd really like a list of the things the insurance company is trying to avoid covering by using named perils for the personal property, does such a list exist? I haven't seen a list, but the example of the diamond ring keeps coming up....
by ncbill
Sat Jun 09, 2018 2:52 pm
Forum: Personal Consumer Issues
Topic: AT&T lower-cost data alternatives (is Sprint's $15/mth worth it)?
Replies: 27
Views: 2273

Re: AT&T lower-cost data alternatives (is Sprint's $15/mth worth it)?

Main Points • Looking for $80 or less for 2 lines + data • We both have iPhones • DW has $300 left to pay off hers • Prefer at least 7+gb/mth (I used data a fair bit when traveling for business) Cricket would be $70/month (no other fees/taxes) for 2 lines, 5GB of 4G data each line on the basic plan...
by ncbill
Fri Jun 08, 2018 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 17969

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

DS had good HS grades (around 4.0), but only above average ACT. Top private school in area was giving $15K "scholarships" to anybody that qualified to get into the school (which he would have), bringing the cost down to around $40K per year. He ended up going to state university ($20K per year). Fr...