Search found 732 matches

by junior
Sat Jun 23, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Sibling wants to share house sale proceeds - best way to avoid gift taxes?
Replies: 14
Views: 850

Re: Sibling wants to share house sale proceeds - best way to avoid gift taxes?

If you aren't expected to be gifted 11.2 mill, you will owe no federal gift tax at all and the giver won't either so it isn't an issue. As you said it just needs to be disclosed. For example, if you give your brother $50,000 this year, you’ll use up your $15,000 annual exclusion. The bad news is tha...
by junior
Sat Jun 02, 2018 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: 125K Spend - Would you do this ?
Replies: 53
Views: 4994

Re: 125K Spend - Would you do this ?

You can sleep on the floor downstairs on a small mattress that you otherwise keep in storage. No boxspring/ frame needed if you prop it up during the day to air it out.
by junior
Fri May 25, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: work one more year or attend law school
Replies: 67
Views: 5038

Re: work one more year or attend law school

Hi, I need some advice. I have been asked to stay on at my current job if I do so I will make about 155 maybe more with OT. I will have to delay attending law school for a year but hopefully will have enough saved to pay for one of the 3 years. I plan to attend a top 5 law school. And should start ...
by junior
Tue May 22, 2018 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: General question for someone with knowledge of real estate law
Replies: 8
Views: 641

Re: General question for someone with knowledge of real estate law

I would think the separate checks legal language would be added at the sales contract stage when the buyer and seller agree on the sales contract. I dont know that it matters if it's in the realtor agreement since that doesnt control the actual sale of the house.
by junior
Fri May 18, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Qualify for Obama care for a part of the year.
Replies: 24
Views: 789

Re: Qualify for Obama care for a part of the year.

What if he also quit his self employed job and worked in retail or something else that paid less, is that a qualifying event? I'd think he could call and ask if he drops his current job and took a lower paying one would he be eligible?
by junior
Tue May 15, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Selling condo and HOA is being sued
Replies: 2
Views: 951

Re: Selling condo and HOA is being sued

Inspection to determine if a unit is connected to another unit??? That makes no sense. It should be something you can document without an inspection. For evidence you aren't physically connected to the unit, there will be a condominium plan by the original architect that shows which unit is next to ...
by junior
Wed May 09, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Another help-me-help-my-mother post
Replies: 22
Views: 2283

Re: Another help-me-help-my-mother post

Maybe look for a fee only adviser who is a fiduciary who has no incentive to push a particular investment product? Given her cognitive problems I think she might benefit from an adviser who provides customer service and someone to talk to in person, rather than the bogleheads do it yourself approach...
by junior
Tue May 08, 2018 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: [Car accident claim exceeds coverage, send to collection agency?]
Replies: 67
Views: 5062

Re: [Car accident claim exceeds coverage, send to collection agency?]

No job, $100 in the bank? I'd simply tell them the situation, you can't pay, you have no ability to pay, and they can send it to collections. I would even tell them if you get the ability to pay you'll reach back out to them but for now there is no money to give them. I think this is the most logic...
by junior
Sun Apr 29, 2018 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: $15,000 for 35 years
Replies: 7
Views: 1425

Re: $15,000 for 35 years

grajamani wrote:
Sun Apr 29, 2018 6:39 pm
I have $15,000 in my 401K. I have another 35 years before I can retire.

Please recommend where I can invest this money.

Thanks!
You need to tell us what options your 401k has.
by junior
Fri Apr 27, 2018 7:30 am
Forum: Personal Consumer Issues
Topic: Amazon to raise Prime membership in US to $119 from $99
Replies: 145
Views: 11110

Re: Amazon to raise Prime membership in US to $119 from $99

I only spend about a thousand dollars a year on Amazon.com and probably 15% or more is digital content where "free shipping" wouldn't matter. The only Prime exclusive show I watch is The Tick. I'm thinking the price increase isn't worth it. I do have an Amazon.com card but I don't think the 5% back ...
by junior
Mon Apr 23, 2018 10:14 am
Forum: Investing - Help with Personal Investments
Topic: TSP Allocation at 35
Replies: 20
Views: 1638

Re: TSP Allocation at 35

I’m 39 and I’m at 50% C and 50% S. I think your allocation is good because of your age. You can also check these websites. tspallocation.com thefedtrader.com You've recommended active management sites that go against the buy and hold philosophy of bogleheads. To put it another way, people who follo...
by junior
Tue Apr 17, 2018 8:25 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1114
Views: 87092

Re: To take or not to take delivery of Tesla 3

I wouldn't buy a Tesla expecting the self driving to ever work on hardware they are selling today. The industry consensus seems to be that Waymo (google) and GM are ahead of Tesla in developing self driving, and they are likely to go through multiple iterations of hardware as their software gets mor...
by junior
Mon Apr 09, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 134
Views: 8451

Re: Cash flow problems - best way to handle?

You could get the 401 (k) loan... but would you be able to pay it back?

You need to start figuring out how you are going to rebuilt an emergency fund.
by junior
Sun Apr 08, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Parents have zero savings. What can I do?
Replies: 168
Views: 15321

Re: Parents have zero savings. What can I do?

Think of it this way - if you were stranded in a lifeboat with your wife and your mother, which one would you toss overboard when you start to run out of food and water? Your wife, of course. You can always get another wife, but you can't get another mother. This is a very old analogy, but, if you ...
by junior
Sat Apr 07, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: !Please Advise on sensible housing for guy going through divorce!
Replies: 32
Views: 2788

Re: !Please Advise on sensible housing for guy going through divorce!

Op here. I appreciate the responses. I want to challenge the idea of getting the traditional one year lease and see what you think. What if my wife decides to move in just 6 months? Then, I would be paying for the home mortgage and stuck with renting as well. An extended stay hotel would give me th...
by junior
Fri Apr 06, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Your Monthly Cost of Living
Replies: 66
Views: 7174

Re: Your Monthly Cost of Living

What is your total monthly cost of basic living? 1. Housing: rent/mortgage/utilities 2. Transportation: car, insurance, license, registration, gas, maintenance 3. Food: groceries, restaurants 4. Other Not including fun stuff, entertainment, hobbies, or travel 1. Housing: 1900 (rent, electricity, wa...
by junior
Fri Apr 06, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Car was totaled, next steps?
Replies: 18
Views: 973

Re: Car was totaled, next steps?

The insurance company has to replace what you have, not upgrade you. Well, yes, but.....what the OP has, or had, was a known entity. Getting another 2012 Ford Edge with 232,000 miles is not a known entity and fairly entails some risk in regards to how the car has been maintained and driven over the...
by junior
Thu Apr 05, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Liability for 32 year old step son living home
Replies: 79
Views: 8669

Re: Liability for 32 year old step son living home

What you are saying is a true statement but you are also implying that it is a small number in this instance, and that is not true. https://blogs.cdc.gov/niosh-science-blog/2016/04/26/convenience-store-violence/ Sitting at home playing video games is a guarantee of poor mental and physical health. ...
by junior
Wed Apr 04, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Camry. What's wrong with me?
Replies: 99
Views: 5890

Re: 2018 Camry. What's wrong with me?

Last weekend I test drove a 2018 Camry. After the drive I walked away feeling numbed. It seemed the new Camry didn't instill any sense of emotions into me. No wows. No oohs. Nothing. It was a nice compliant drive but lacking any connections and excitement. Could it be that I already set up myself f...
by junior
Tue Apr 03, 2018 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Liability for 32 year old step son living home
Replies: 79
Views: 8669

Re: Liability for 32 year old step son living home

TxAg wrote:
Mon Apr 02, 2018 8:37 pm

Did we have these kinds of issues 40+ years ago?
The play The Glass Menagerie was written in 1944 and features a female character unable to get over her physical and mental issues and join the adult world.
by junior
Tue Apr 03, 2018 6:03 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein: Retirement Investing and Spending in two easy steps
Replies: 77
Views: 9514

Re: William Bernstein: Retirement Investing and Spending in two easy steps

Bill Bernstein wrote:
Tue Apr 03, 2018 3:50 pm
or with a very low burn rate (say less than 2% pa.).
What does "pa." stand for?
by junior
Fri Mar 23, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: CLOUD Act and the use of Mint/Personal Capital
Replies: 3
Views: 546

Re: CLOUD Act and the use of Mint/Personal Capital

The passage of the CLOUD Act enables governments to access your industry-held cloud-based data, which includes personal finance sites like Mint and Personal Capital. I am an avid user of both, but I'm starting to think twice about it, especially given this legislation. Is this tinfoil hat thinking?...
by junior
Fri Mar 23, 2018 10:15 am
Forum: Personal Consumer Issues
Topic: How much do people budget for annual car maintenance?
Replies: 39
Views: 2372

Re: How much do people budget for annual car maintenance?

We have two pretty old cars (19 years and 13 years). We budget $1,200 per month for maintenance/repairs. Looking back: 2014-2015 - $300 spent 2015-2016 - $1,026 Spent 2016-2017 - $2,380 Spend 2017-2018 - On pace for $900 spent Out of the $4.6K spend, actual maintenance (tires, brakes, oil changes, ...
by junior
Wed Mar 14, 2018 11:00 pm
Forum: Personal Consumer Issues
Topic: traveling to mexico, should I be concerned?
Replies: 107
Views: 9002

Re: traveling to mexico, should I be concerned?

The warning site on the state dept page lists several level 4 states and says do not travel there because of the crime. But Quintana Roo is at level 2, as is Mexico in general, and by the way, most of the major tourist areas of Europe. +1. Thanks for pointing that out. The travel advisory just asks...
by junior
Wed Mar 14, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Is anyone using a bill paying service?
Replies: 16
Views: 1630

Re: Is anyone using a bill paying service?

An elderly relative in California would benefit greatly from someone taking their bills, sending out checks, and debit a bank account. Is anyone use one of those bill paying service is? I found an article about one called Silver Bills - it’s about 100 bucks a month and sounds like the right thing, ...
by junior
Mon Feb 26, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Capital One is replacing bank branches with coffee shops & ATMs. Wave of the future?
Replies: 39
Views: 2216

Re: Capital One is replacing bank branches with coffee shops & ATMs. Wave of the future?

I need a brick and mortar bank to get quarters for parking. Otherwise I mostly use online banks.
by junior
Fri Feb 23, 2018 12:48 pm
Forum: Personal Consumer Issues
Topic: Any good deals on Samsung Note 8?
Replies: 14
Views: 1078

Re: Any good deals on Samsung Note 8?

Never mind, I confused the Note 8 for S8.
by junior
Tue Feb 20, 2018 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: Three Fund Portfolio Excluding TSP?
Replies: 28
Views: 2960

Re: Three Fund Portfolio Excluding TSP?

If you don't mind some extra complexity, it may be worthwhile to keep most of your bonds in the TSP and mostly stocks in Roth, because you will eventually have to pay taxes on the Traditional TSP, while you won't for the Roth. Therefore, having investments with the best chance for growth in Roth an...
by junior
Tue Feb 20, 2018 9:47 pm
Forum: Investing - Theory, News & General
Topic: Anyone subscribe to Socrates ?
Replies: 18
Views: 2305

Re: Anyone subscribe to Socrates ?

nisiprius wrote:
Tue Feb 20, 2018 7:51 pm
π? Ratio of circumference to diameter? 3.1415926535? That's not a joke?
Reminds me of the 1998 movie Pi.

Edited to add: Hmmm... IMDB says: "It is rumored that the main character, Maximillian, in Darren Aronofsky's first film Pi was based on Martin Armstrong."
by junior
Wed Feb 14, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Net worth progression: what am i doing wrong?
Replies: 32
Views: 7172

Re: Net worth progression: what am i doing wrong?

Really not clear where you got the idea you'd be rich quick. Here's an investment return calculator: https://www.bankrate.com/calculators/retirement/roi-calculator.aspx Here's the boglehead Wiki on investment returns: https://www.bogleheads.org/wiki/Historical_and_expected_returns#Expected_future_re...
by junior
Mon Feb 12, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: moving my mother's "escape" fund to me
Replies: 28
Views: 3528

Re: moving my mother's "escape" fund to me

Why doesn't she simply use your address as the mailing address on the bank account but keep it in her name?
by junior
Wed Jan 31, 2018 10:05 am
Forum: Personal Consumer Issues
Topic: LastPass vs Dashlane
Replies: 8
Views: 1934

Re: LastPass vs Dashlane

Been using LastPass (free version) for sometime - recall can't remember when LastPass had some security issue/compromise. Seems like there wasn't any damage done to user accounts. However, pops back in my mind now and then perhaps I should change password managers. Reading up on them Dashlane, the ...
by junior
Mon Jan 29, 2018 1:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard CEO - "4-4.5% Market Returns Over The Next Decade"
Replies: 35
Views: 5559

Re: Vanguard CEO - "4-4.5% Market Returns Over The Next Decade"

Are these real returns? Nominal? What inflation number is used ? If you look at the report for 2018 linked to upthread, it seems to be nominal returns, not inflation adjusted. I.e. the report says the U.S. stock market has historically had 10% returns on page 24 of the report but will only have 3-5...
by junior
Sat Jan 27, 2018 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Buying a home - Financial Benefits? HCOL
Replies: 75
Views: 4129

Re: Buying a home - Financial Benefits? HCOL

William Bernstein says in The Investor's Manifesto that the fair price of a home is 12.5 years of rent, and to never pay more than 15 years of rent on a home. Where I live, I can buy a home for about 12.5 years of renting the same sort of home so buying a home isn't a bad deal per this metric. In y...
by junior
Fri Jan 26, 2018 8:15 am
Forum: Investing - Help with Personal Investments
Topic: Buying a home - Financial Benefits? HCOL
Replies: 75
Views: 4129

Re: Buying a home - Financial Benefits? HCOL

William Bernstein says in The Investor's Manifesto that the fair price of a home is 12.5 years of rent, and to never pay more than 15 years of rent on a home. Where I live, I can buy a home for about 12.5 years of renting the same sort of home so buying a home isn't a bad deal per this metric. In yo...
by junior
Thu Jan 18, 2018 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Are ETFs Really That Safe?
Replies: 26
Views: 2567

Re: Are ETFs Really That Safe?

Mr Bogle has no objection to buying and holding something like VTI. His criticisms are primarily 1) that they can be traded frequently, 2) the explosion of a lot of very narrow ETFs. He thinks those are marketing hype and won’t be around long. A robotics ETF is exactly the kind of thing he would di...
by junior
Wed Jan 17, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Friend Got Laid Off - Advice Needed
Replies: 46
Views: 5484

Re: Friend Got Laid Off - Advice Needed

Your friend is wealthier than most Americans and almost certainly smarter than most Americans. With some grit, as others have said, he'll land on his feet.
by junior
Fri Jan 12, 2018 11:50 am
Forum: Personal Consumer Issues
Topic: Do you have a antivirus for you Android phone?
Replies: 20
Views: 1624

Re: Do you have a antivirus for you Android phone?

No. The odds of a virus getting past Google'built in security is low as long as you stay on the play store. The odds that an anti-virus would help while Google's built in Malware scan doesn't work seems even lower.
by junior
Thu Jan 11, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Poll: BHs who rent - what % of gross do you spend on rent?
Replies: 71
Views: 4508

Re: Poll: BHs who rent - what % of gross do you spend on rent?

20%. I am single and live with an unemployed relative who doesn't pay rent.
by junior
Wed Dec 27, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Would you sign a non-compete for a side-gig consulting agreement?
Replies: 44
Views: 2524

Re: Would you sign a non-compete for a side-gig consulting agreement?

rrppve wrote:
Wed Dec 27, 2017 1:24 pm
Why would you even consider signing a non-compete for such a minimal financial gain. Not worth it. Stick to non-disclosure and IP agreement.
+1. If you are doing it largely for fun/ beer money it makes no sense sense to sign something like this.

Ask them to take it out.
by junior
Wed Dec 27, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing Housing values
Replies: 9
Views: 1013

Re: Comparing Housing values

Be aware the calculator is programmed to take into account the mortgage-interest tax deduction but has not been updated for the recent change to the tax code. I don't know if this would make a practical difference in the result, could be it would even out and tax result would be the same impact eith...
by junior
Wed Dec 27, 2017 10:23 am
Forum: Personal Consumer Issues
Topic: Diamonds are forever.
Replies: 59
Views: 5151

Re: Diamonds are forever.

From a personal finance perspective diamonds are a waste of money. You should read that article Mr. Wu posted. There's nothing wrong with spending money if you are living beneath your means, but are you sure your wife might not prefer some other romantic gesture?
by junior
Tue Dec 19, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with money from grandparents for kids?
Replies: 31
Views: 1527

Re: What to do with money from grandparents for kids?

I think you are overthinking this. Unless you have a good reason (I. E. A very specific reason) to think it makes a difference with financial aid just put it in a custodial account. I think adjusting the amount per kid for market gain is also overthinking it. If one kid needs you to pay for braces a...
by junior
Fri Dec 15, 2017 7:51 pm
Forum: Personal Consumer Issues
Topic: Uber vs Ambulance - HUGE cost difference
Replies: 85
Views: 11581

Re: Uber vs Ambulance - HUGE cost difference

Likewise, if I have a broken arm and can't drive, I'd call Uber, not an ambulance. If I was an Uber driver I'd refuse any rider who was injured and wanted me to drive them to the hospital. I wouldn't want the liability of making their injury worse, or the responsibility to try to monitor them to en...
by junior
Fri Dec 15, 2017 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Assistance to Adult Child (health insurance)
Replies: 107
Views: 6764

Re: Financial Assistance to Adult Child (health insurance)

Since you feel obligated to buy her health insurance, it seems your choices are whether you buy her health insurance and repeatedly fight with her about her expenses, or whether you buy health insurance and choose to talk to her about more pleasant things when you interact with her. If the money is ...
by junior
Wed Dec 13, 2017 11:16 pm
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 4172

Re: How to deal with Micro-manager

The mute thing is bizarre, if you used the volume adjustment knob in windows to turn the microphone down would the manager even be able to tell? I'm guessing not.
by junior
Thu Dec 07, 2017 10:27 pm
Forum: Personal Consumer Issues
Topic: Work from Home Jobs
Replies: 21
Views: 3164

Re: Work from Home Jobs

If you move next to a train station that goes to an urban area or move to an urban area you could go without driving at all...
by junior
Thu Dec 07, 2017 1:20 pm
Forum: Investing - Theory, News & General
Topic: When Bitcoin blows-up
Replies: 55
Views: 5078

Re: When Bitcoin blows-up

BTW, my 15 year kid texted me this morning and said, "he dad can I buy some bitcoin?" So...there's that. You know it's bad with the teenagers are speculating. When I was 17 I lost some money in the dot com crash. Not a bad way to learn about the risk of fad investments. In retrospect though it woul...
by junior
Sat Dec 02, 2017 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: personal capital
Replies: 42
Views: 6579

Re: personal capital

Mint is better for expenses and budgeting but I use both. When the personal capital people call I just tell them I am not interested in talking to them or hearing their pitch. I tell them I only signed up for the tool and don't want to talk to them at all. The calls don't last long or happen that of...
by junior
Fri Dec 01, 2017 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: The College Bubble - investment opportunities after the collapse?
Replies: 114
Views: 8978

Re: The College Bubble - investment opportunities after the collapse?

I personally believe we are in the final innings of a massive societal bubble involving a total obsession with attending college. I believe in the next 10-20 years, technology improvements will make online learning incredibly interactive and useful. Education will move in a direction fully self pac...