Search found 185 matches

by rallycobra
Sat Aug 25, 2018 9:23 pm
Forum: Personal Consumer Issues
Topic: $65K Fun Daily Driver
Replies: 112
Views: 8713

Re: $65K Fun Daily Driver

I understand wanting to drop down to one car and being a car guy. You can always get back into a 911 Turbo, they will make more. Lease a Panamera or a BMW 550 with dynamic handling (best value), or E63 for 2 or 3 years. I don't think the RS7 is worth the price premium. You don't want to go back to a...
by rallycobra
Mon Jun 18, 2018 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 576151

Re: What's Your Credit Card Rewards Strategy?

Thanks to the bonus from their Preferred Rewards program, I'm all-in on the BofA/ME approach. BofA Cash Rewards (5.25% gas, 3.5% groceries/Costco) BofA Premium Rewards (3.5% dining/travel, 2.62% general spend) Up until now I'd been placing all general spend on a Citi DoubleCash. I also have a Chase...
by rallycobra
Sun Jan 21, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 186
Views: 26713

Re: TurboTax Prices

I purchased TurboTax Deluxe CD with state for $39.86 at Amazon on 1/6/18. I believe it has been this price all month. I just received an email from Turbotax they are running a sale from Jan 21 -27 and it is $35.87. List price is $59.99. Next year I will target the 3rd week of January. :happy
by rallycobra
Thu Dec 28, 2017 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 11613

Re: Suddenly my mortgage doesn't seem that great

You don't have to pay the whole thing off at once. Pay off some to get below a Jumbo mortgage if that helps lower the rate. Refi to a lower interest rate and much shorter term. Consider a 5 or 7 year arm. If you sell some of your liquid assets, consider capital gains you will have to pay. Do you hav...
by rallycobra
Wed Dec 27, 2017 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 186
Views: 26713

Re: TurboTax Prices

I remember last year watching price drops on TurboTax. I purchased in December and saw prices drop a couple of times after that. I recall the lowest prices on New Years day. I made a mental note to purchase on New Years day when I contribute to my HSA and IRA.
by rallycobra
Sat Dec 23, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: 2018 HELOC Rules, Foreign tax credit, ACA tax
Replies: 12
Views: 1273

2018 HELOC Rules, Foreign tax credit, ACA tax

My understanding is that for 2018, a Heloc that has been established before December 15th 2017 is still deductible for mortgage interest if it has been used for acquisition debt. Upgrading a home with a master bath or basement renovation is considered acquisition. If you used the Heloc to purchase a...
by rallycobra
Mon Aug 28, 2017 2:11 pm
Forum: Personal Consumer Issues
Topic: 2nd row buckets seats for 7 year old (vehicle)?
Replies: 8
Views: 897

Re: 2nd row buckets seats for 7 year old (vehicle)?

Car-parts.com Or maybe ebay Just pick up a driver side 2nd row captains chair ** Starting in 2011 there is an option to get seat belts with build in airbags. If you have such a car you need a similar donor seat since the belt latch is different The passenger side 60/40 seat you have now is the same ...
by rallycobra
Thu Jun 22, 2017 8:19 pm
Forum: Personal Consumer Issues
Topic: Turbochargers
Replies: 60
Views: 6455

Re: Turbochargers

They are a product of legislation. Some countries charge taxes for larger motors. Turbos let you get more power out of a smaller motor. When driven by manufacturers on mileage test loops, they tend to get better mileage than normally aspirated cars. Real world mileage is usually worse. Turbos need t...
by rallycobra
Wed Jun 21, 2017 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Did I just get seriously ripped off?? (Car lease)
Replies: 54
Views: 7548

Re: Did I just get seriously ripped off?? (Car lease)

Oh, you haven't signed the papers yet? What are the 24, 36 and 39 month residuals? The 48 month seems really high. Did you budget for a set of tires? Maybe look at a 2 yr lease if you think you won't have to buy tires for it, check the price on tirerack.com And yes, take the 5k in your pocket up fro...
by rallycobra
Wed Jun 21, 2017 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Did I just get seriously ripped off?? (Car lease)
Replies: 54
Views: 7548

Re: Did I just get seriously ripped off?? (Car lease)

It's not a bad deal. In the US, BMW dealers make about 7% on cars. You got 5% off. It's not like you paid full MSRP. You got your 5k for your 'busted' car (not 55% like someone said) The 2.9% interest rate is not the greatest, but not not a killer. If you could get really good financing like .9 or 1...
by rallycobra
Sat May 13, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 102
Views: 12138

Re: Retirees, what is your marginal tax rate?

We're in the 39.5% bracket, plus 11% or so California tax. Will be in this bracket indefinitely. Same bracket as when I retired. Have looked at all the ways to finesse this lower; not gonna happen. This largely from accumulating a large 401k, with its attendant rmd's. So how large a 401k at age 70 ...
by rallycobra
Wed Apr 19, 2017 8:22 pm
Forum: Personal Consumer Issues
Topic: Selling classic car via consignment
Replies: 10
Views: 1330

Re: Selling classic car via consignment

No experience here.
That seems like a very fair and reasonable arrangement. Personally, I would hold the title myself until a deal is struck. Good luck with the sale on a beautiful car!
by rallycobra
Wed Apr 12, 2017 9:03 pm
Forum: Personal Consumer Issues
Topic: Keep old yet reliable used car or buy new
Replies: 28
Views: 2504

Re: Keep old yet reliable used car or buy new

Our 2008 328xi is about to turn 120k and drives like new. Do the maintenance and keep the car. You have changed shocks, struts, and front control arm bushings (FCAB), right? If the car is well maintained I'll bet its worth closer to 8k than 4k. I would bet with just a suspension refresh at 100k, the...
by rallycobra
Tue Apr 11, 2017 7:46 pm
Forum: Personal Consumer Issues
Topic: Honda Pilot good 1st vehicle for teen?
Replies: 46
Views: 4146

Re: Honda Pilot good 1st vehicle for teen?

campy2010 wrote:Keep Pilot. But if I were a parent, I would take out 3rd row of seats or, if the son is trustworthy, strictly limit number of people allowed in the car.
+1
by rallycobra
Thu Jan 12, 2017 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Car accident . Fix car or not ?
Replies: 28
Views: 2516

Re: Car accident . Fix car or not ?

Buy a new headlight on ebay. Unbolt the fender and beat it it back to shape with a hammer. Get a can of matching spray paint and do a few light coats. Bolt the fender back on, cash the check from the insurance company, and profit!
by rallycobra
Thu Dec 01, 2016 6:02 pm
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 9445

Re: Should I buy a new car for safety's sake?

http://www.foxnews.com/auto/2016/12/01/man-crashes-while-streaming-114-mph-drive-on-facebook-live.html After heart disease, lung disease and cancer, the next most common cause of death is accidents. Exercise, don't overeat, don't smoke, get a colonoscopy, mammogram, and if you have the means, upgra...
by rallycobra
Thu Dec 01, 2016 1:14 pm
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 9445

Re: Should I buy a new car for safety's sake?

The OP is considering buying a new Camry not a 2013 - Toyota now has a good rating on this test so your point about the 2013 model year isn't really relevant. Volvo's may be safe but are very unreliable. Op is driving a 07 Camry which probably performs worse in this type of collision than a 13, so ...
by rallycobra
Thu Dec 01, 2016 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Portfolio check and 529 in NJ - does it make sense in our case?
Replies: 8
Views: 897

Re: Portfolio check and 529 in NJ - does it make sense in our case?

I'm NJ and after weighing all of the plans and options chose Utah. NJ plan offers a scholarship for up to $1500 if the account has been open for 12 years and $3600 of contributions have been made. You have to attend a NJ school. It may be worth opening a plan, it only costs $25 to start the clock ru...
by rallycobra
Wed Nov 30, 2016 8:32 pm
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 9445

Re: Should I buy a new car for safety's sake?

I would sell and get a car that does very well in small overlap crash tests on the iihs website. That type of crash is a cause of a lot of driver fatalities. Katlyn Jenner rear ending that car pushing it into oncoming traffic a couple of years ago is a perfect example. Toyota tends to do poorly in t...
by rallycobra
Wed Sep 21, 2016 9:32 pm
Forum: Personal Consumer Issues
Topic: Which Vehicle Should We Buy?
Replies: 20
Views: 2380

Re: Which Vehicle Should We Buy?

Keep your current car. If you need something different, consider leasing. If you love it, you can always purchase it at the end of the lease. Purchase 100 shares of Ford stock so you can get X-Plan pricing (it's within a few hundred dollars of employee pricing) Ford claims they will have self drivin...
by rallycobra
Fri Sep 16, 2016 8:35 pm
Forum: Personal Consumer Issues
Topic: Any Porsche 911 owners here?
Replies: 142
Views: 18891

Re: Any Porsche 911 owners here?

The dealer can add the sport and sport plus modes for a PDK car. Also, make sure the PDK has real shift paddles, not the thumb buttons. Each is a ~$1k upgrade. I did a 09 997.2 CPO with PDK and had them change the steering wheel to get paddles. My car already had the sport chrono. In addition, I wil...
by rallycobra
Sun Jul 31, 2016 8:29 pm
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 178
Views: 28467

Re: What rate of return do you use when planning for retirement?

0%

If I get a better return, the kids get more money.
by rallycobra
Sun Jul 31, 2016 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: On-line nanny tax services - reviews/experiences?
Replies: 12
Views: 4178

Re: On-line nanny tax services - reviews/experiences?

NJ has complicated taxes. Most nanny payroll companies aren't in the the market. I found the best solution is to sign up for intuit small business through Costco. Less than $30 a month. Minimal hassle.
by rallycobra
Wed Jul 20, 2016 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Ford discount for shareholders
Replies: 6
Views: 3889

Re: Ford discount for shareholders

http://www.blueovalforums.com/forums/index.php?/topic/58968-ford-shareholders-x-plan-form/ Ford has always been known to reward it’s shareholders with a discount, but if you search their website, there is nothing to be found. So I reached out to their Investors Relations Department, and here’s what ...
by rallycobra
Mon Jun 06, 2016 8:01 pm
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 192
Views: 35245

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

[/quote] I think you missed my point. What I am saying is that if you have a mortgage at 3% and you can get a 5% CD at your favorite bank, wouldn't you want to collect 5% interest and pay 3% interest? You would not want to pay it off any faster than required.[/quote] Where can I get a 100k CD at 5% ...
by rallycobra
Mon Feb 15, 2016 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA or pay down student loan
Replies: 23
Views: 2413

Re: Roth IRA or pay down student loan

Refinance to a 15 yr mortgage. With 20% down and a 180k value, you have an extra 14k. Take the 14k and pay down the student loan. Only contribute to the IRA up to the match until the student loan is paid off. Stop contributing to the 529. You can resume contributing after maxing the IRA and you have...
by rallycobra
Sun Jan 10, 2016 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Buying a condo - Tough questions to ask?
Replies: 32
Views: 5255

Re: Buying a condo - Tough questions to ask?

I would never buy a condo and deal with a HOA. Just rent one. If the HOA or building goes bad, you can just walk away. Too much downside risk.
by rallycobra
Sat Jan 09, 2016 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do my own taxes this year?
Replies: 29
Views: 3254

Re: Should I do my own taxes this year?

I'm in the almost exact same situation as the op, but no tuition payments or medical expenses fortunately. K-1 income, spending about 1k a yr on prep. I'm going to give TurboTax Deluxe ago. I'll enter last years K-1 now so I get up to speed. When my real K1 arrives in the beginning of April, I'll ch...
by rallycobra
Mon Jul 06, 2015 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Upgrading from Underwater Home (Rcvd Windfall)
Replies: 19
Views: 2313

Re: Upgrading from Underwater Home (Rcvd Windfall)

Rent it to a good renter for 2+ years. That way when you sell it, you can deduct some of your losses. You can't take a loss against income with a primary residence, but you can with a rental. You are going to lose 6% with the realtors at the closing. Check with an accountant for specifics. And don't...
by rallycobra
Sat Jul 04, 2015 1:51 pm
Forum: Personal Consumer Issues
Topic: Jetta Sportwagen Question
Replies: 42
Views: 7104

Re: Jetta Sportwagen Question

Buy my buddy's 2010 sportwagen. The car has less than 50k. Of course, the A/C is broken, and he has to jump start it every morning. The radio works intermittently, and one of the headlights is also intermittent. Google 2010 jetta battery drain. Never own a German car out of warranty... If you need t...
by rallycobra
Sat Jul 04, 2015 7:47 am
Forum: Personal Finance (Not Investing)
Topic: 2 million dollar mistake meeting with MIL's financial guy
Replies: 47
Views: 15388

Re: 2 million dollar mistake meeting with MIL's financial guy

Yes, physicals and blood work were for every time the agent sold a new insurance product. The reason I got involved with the MIL's finances is because her CLU was trying to get my business. He asked my wife who our financial adviser was and when she told him I was doing it he set up a meeting so he ...
by rallycobra
Fri Jul 03, 2015 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: 2 million dollar mistake meeting with MIL's financial guy
Replies: 47
Views: 15388

Re: 2 million dollar mistake meeting with MIL's financial guy

Wonder what he is doing regarding/to OP's MIL? I wanted to give an update just to satisfy the curiosity of anyone who had interest in this thread. I sat down with my MIL and reviewed her finances in preparation for an analysis by a CFA. She is frustrated because she doesn't understand what she has ...
by rallycobra
Thu Jun 25, 2015 4:07 pm
Forum: Investing - Theory, News & General
Topic: Why do Bogleheads/BiggerPocketers think there is only one way?
Replies: 123
Views: 19504

Re: Why do Bogleheads/BiggerPocketers think there is only one way?

I'm in NJ and my family is involved in real estate with multifamily properties and building large custom homes. I'm the physician, and I have looked into investing into real estate. NJ does not have a favorable ROI. People are happy with 3% ROI deals. With super high real estate taxes, it makes no s...
by rallycobra
Sat Jun 13, 2015 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Wife's car is having issues and under water :-/
Replies: 98
Views: 13922

Re: Wife's car is having issues and under water :-/

To answer your questions: 1. No, she didn't keep up with the maintenance. She's the type that keeps up on the oil changes and waits for something to break. I am all about preventative maintenance and following the maintenance schedule that my wife thinks is a ripoff, I strongly disagree, but after ...
by rallycobra
Mon May 25, 2015 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: 2 million dollar mistake meeting with MIL's financial guy
Replies: 47
Views: 15388

Re: 2 million dollar mistake meeting with MIL's financial guy

[/quote] There is no magic in this world. If you don't have confidence in the future then you shouldn't have confidence in some company's claim of guarantee.[/quote] Right. If returns are going to be so poor that I can't make a few percent with a 65/35 allocation in the market, the insurance company...
by rallycobra
Sun May 24, 2015 9:50 am
Forum: Personal Finance (Not Investing)
Topic: 2 million dollar mistake meeting with MIL's financial guy
Replies: 47
Views: 15388

Re: 2 million dollar mistake meeting with MIL's financial guy

Sorry to bump this, but I had to add a follow up. The agent asked if I had any more questions, and I politely declined purchasing whole life with him. I have him my quick calculations that that would put me 2 million behind at age 78, since his policy has negative returns for over the first 10 years...
by rallycobra
Sun May 17, 2015 7:24 pm
Forum: Personal Consumer Issues
Topic: [What is safest vehicle on the road today that I can buy?]
Replies: 116
Views: 17162

Re: [What is safest vehicle on the road today that I can buy?]

Volvo XC90, Mercedes GL, Acura MDX (new). I think are the safest vehicles on the road for occupants. http://www.iihs.org If you need a less expensive vehicle, look for 2016 Honda Pilot results, they should be top of the mark since they are a cousin to the MDX. My wife wouldn't let me purchase a SUV ...
by rallycobra
Sat May 09, 2015 1:46 pm
Forum: Investing - Theory, News & General
Topic: Stop contributions to retirement accts due to future RMDs
Replies: 77
Views: 12296

Re: Stop contributions to retirement accts due to future RMDs

Back of the envelope... So - yes, someone with $4-6 million in pretax savings might have a tax problem with RMDs. What does that mean? Once you have 4 million tax deferred, your RMD's with 2 married earners maxed out social security are going to bump you up into a 33% bracket. Currently, I am in th...
by rallycobra
Fri Apr 24, 2015 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: 2 million dollar mistake meeting with MIL's financial guy
Replies: 47
Views: 15388

Re: 2 million dollar mistake meeting with MIL's financial gu

Thank you everyone for the replies. Quick follow up to some points - I have been refusing to meet with the guy for years. He contacted my wife and she agreed to it. We have 2 little kids and about 7 million in 10/20/30 year term policies to meet our life insurance needs. He came to our house and we ...
by rallycobra
Thu Apr 23, 2015 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: 2 million dollar mistake meeting with MIL's financial guy
Replies: 47
Views: 15388

2 million dollar mistake meeting with MIL's financial guy

My mother in law's 'planner' who is a CLU contacted my wife who agreed to let him sit down with us. I had sent him all details of all of our assets, insurance policies, and our investment policy statement that was created by our current financial planner (me). Besides the 300k whole life policy that...
by rallycobra
Sun Apr 19, 2015 12:29 pm
Forum: Personal Consumer Issues
Topic: Marginal benefit of spending more on car
Replies: 83
Views: 9944

Re: Marginal benefit of spending more on car

A buddy was assisting purchasing a car for his sister in law who is a new driver. Ended up getting a one owner, clean carfax 2012 Mazda 6 with 17k miles for 11.5k. He was looking for a midsize sedan with good crash ratings on the iihs.org website. Hyundai Sonata, Ford Fusion, Subaru Legacy were othe...
by rallycobra
Sun Apr 12, 2015 9:23 pm
Forum: Personal Consumer Issues
Topic: Which 3 year old hybrid: Camry or Prius
Replies: 36
Views: 5107

Re: Which 3 year old hybrid: Camry or Prius

My life is too valuable to drive a car as light as a Honda Fit. At least the 2015 was an upgrade from the 2013 in crash testing. http://www.iihs.org The Camry was rated poor in small overlap, that year Prius wasn't tested, I'm sure it is poor as well. In 2014 the Prius received an upgraded structure...
by rallycobra
Mon Mar 23, 2015 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Any situations car leasing makes sense?
Replies: 67
Views: 13863

Re: Any situations car leasing makes sense?

Advantages of a lease: In most states, you only pay tax on the % of the car that you leased. If you purchase the car, the whole amount is taxed. If at the end of the lease, the car is worth more than the residual, you have the first option and can purchase the car. You can keep it or resell it for p...
by rallycobra
Wed Mar 11, 2015 11:28 am
Forum: Personal Consumer Issues
Topic: FSA Deadline looming in 3 days. How to use?
Replies: 7
Views: 938

Re: FSA Deadline looming in 3 days. How to use?

You could purchase a couple of defibrillators on Amazon and that would cover 2014
by rallycobra
Tue Mar 10, 2015 11:05 pm
Forum: Investing - Theory, News & General
Topic: Should Vanguard Offer A Low Minimum Fund?
Replies: 31
Views: 3873

Re: Should Vanguard Offer A Low Minimum Fund?

No need for a low minimum. You are better off establishing a lump of money at your regular bank so you can avoid paying fees, and have an emergency fund. You should plant 25k at Bank of America/Merrill Edge before opening a brokerage account at Vanguard. Of course you should buy Vanguard ETF's on th...
by rallycobra
Sat Jan 03, 2015 1:37 pm
Forum: Personal Consumer Issues
Topic: Repair or Replace Car?
Replies: 13
Views: 2114

Re: Repair or Replace Car?

I would spend $850 to fix the car.

IMHO, any car that is in decent condition, has an automatic and working a/c is worth 3k. If carmax is offering $1500, my theory is confirmed. You could definitely get 3k+ on craigslist.
by rallycobra
Thu Jan 01, 2015 10:03 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1115
Views: 274079

Re: Best watch for around $5,000?

All of this watch talk! Congras Petrocelli
I just got my wife a 31mm
Rolex Ladies Datejust with an oyster band.
No watches for me. I like cars, which are more expensive...
Any suggestions for a watch winder on amazon?
by rallycobra
Mon Nov 03, 2014 10:31 pm
Forum: Personal Consumer Issues
Topic: $25K Budget for a Fun Car
Replies: 64
Views: 9615

Re: $25K Budget for a Fun Car

2002 -2004 Porsche 911
If you want to spend around 20k, you can go with a 1999-2001
by rallycobra
Sun Oct 26, 2014 11:23 am
Forum: Personal Finance (Not Investing)
Topic: HSA account with the lowest cost: HSA bank or Vanguard?
Replies: 36
Views: 27638

Re: HSA account with the lowest cost: HSA bank or Vanguard?

555 wrote:
MossySF wrote:There is a 0.32% annual fee per mutual fund capped at $20K.
Dealbreaker. Too expensive.
Thank you, I missed that.

Is there a less expensive alternative administrator for Vanguard funds?
by rallycobra
Sat Oct 25, 2014 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Profit sharing plan not worth it in NJ with AMT
Replies: 5
Views: 778

Re: Profit sharing plan not worth it in NJ with AMT

In NJ, my choices are Put 34.5k away in a tax deferred account or Take 34.5k as income with a 28% tax rate I think it is better from a risk/reward standpoint to take all of the income I can at 28%. I think there is a small likelihood that my tax rate in retirement will be lower than 28%, and a much ...