Search found 421 matches

by Dimitri
Sat Feb 18, 2017 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on girlfriend debt/finances
Replies: 82
Views: 10067

Re: Need advice on girlfriend debt/finances

Good luck. Sometimes I wish i were young. However, after reading this post, I felt glad to be older and past this stage of life (no offense). LOL thanks! Once I found out how different our finances were prenup and vasectomy popped right into my head like a cartoon. Bubba, I think we have an answer....
by Dimitri
Sat Feb 18, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on girlfriend debt/finances
Replies: 82
Views: 10067

Re: Need advice on girlfriend debt/finances

When she is your wife her debts are your debts. From what I've read you are putting a roof over her head (including utilities) and food in her stomach. She is covering her auto insurance, cell phone, gas, pandora, credit cards, auto loan, and student loan. Get more serious, put a ring on her finger,...
by Dimitri
Sat Feb 18, 2017 2:11 pm
Forum: Personal Consumer Issues
Topic: Anxiety about buying used car
Replies: 50
Views: 5272

Re: Anxiety about buying used car

It looks like on the upper end of your price range $10-15K, you should be able to get a NEW Nissan Sentra, Ford Focus, and probably something similar in size from Kia or Hyundai, with an automatic. It might go a bit over including taxes. Even cheaper would be the Nissan Versa and other micro-cars. ...
by Dimitri
Sun Feb 12, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Any ideas of for a 2nd job / career?
Replies: 15
Views: 2633

Re: Any ideas of for a 2nd job / career?

Many people in your situation would move to a low-tax state. We're here after two other previous cross-country moves and we love it. But moving comes up often, especially given we'll likely never be able to afford a home here. Any suggestions as to state/city? If I was in your shoes I would conside...
by Dimitri
Sun Feb 12, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Deferring consulting payment/constructive receipt doctrine
Replies: 1
Views: 317

Re: Deferring consulting payment/constructive receipt doctrine

I believe we can find the answer in 26 CFR 1.451-2 - Constructive receipt of income. https://www.law.cornell.edu/cfr/text/26/1.451-2 (a) General rule. Income although not actually reduced to a taxpayer's possession is constructively received by him in the taxable year during which it is credited to ...
by Dimitri
Sat Feb 11, 2017 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Tires for an old car
Replies: 42
Views: 3351

Re: Tires for an old car

My 2003 Camry spun the wheels like that from the day I bought it in 2005, to the day I traded it in in 2014 with 150k miles. For like $2k. I had to learn to drive like a grandma all those years....and I would forget from time to time and it would remind me. Had a check engine light, warped head cyl...
by Dimitri
Sat Feb 11, 2017 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Expenditures for household income $100k+
Replies: 35
Views: 4633

Re: Expenditures for household income $100k+

Well, since your stated expenses are right around the US poverty line I think it is a good bet that your experiences shouldn't be used to evaluate realistic spending numbers. I think our spend is pretty realistic. Condo paid off (still have to pay HOA and taxes obviously). Cars paid for (lucky us -...
by Dimitri
Sat Feb 11, 2017 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Expenditures for household income $100k+
Replies: 35
Views: 4633

Re: Expenditures for household income $100k+

Kind of surprising. My wife and I fall into that middle category ($150-199K). That said, our annual expenses are under $20K. I guess it leaves more questions than answers. Do ppl really spend $33+K on housing (seems high to me - even if ppl are paying a mortgage - I mean it costs $477/mo to service...
by Dimitri
Sat Feb 11, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Expenditures for household income $100k+
Replies: 35
Views: 4633

Re: Expenditures for household income $100k+

Kind of surprising. My wife and I fall into that middle category ($150-199K). That said, our annual expenses are under $20K. I guess it leaves more questions than answers. Do ppl really spend $33+K on housing (seems high to me - even if ppl are paying a mortgage - I mean it costs $477/mo to service...
by Dimitri
Sat Feb 11, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Payment Method for Private Used Car Sale
Replies: 43
Views: 4220

Re: Payment Method for Private Used Car Sale

Simple answer. This has gone on way longer than I thought it would. Take cash. Meet at your bank. Deposit the cash. Done. Really, it is simple. No need to make it more complex.
by Dimitri
Sat Feb 11, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Tires for an old car
Replies: 42
Views: 3351

Re: Tires for an old car

My wife had a 1998 Camry. Check engine light (CEL) came on. Dealership said it was the transmission. Wanted $4K to replace. No go. We got lucky one day - backing out of the garage the light was off - drove all over looking for an open vehicle inspection station. Finally found one and got a smog cert...
by Dimitri
Sat Feb 11, 2017 5:15 pm
Forum: Investing - Theory, News & General
Topic: What is the prediction of future long-term returns for your portfolio?
Replies: 64
Views: 7463

Re: What is the prediction of future long-term returns for your portfolio?

Good question. According to Vanguard over the past ten years I've achieved 3.1% on my retirement accounts and 8.3% on my non-retirement accounts. My wife's figures were 4.8% and 4.0% respectively. Long term prediction? Not much. I'm less than optimistic.
by Dimitri
Sat Feb 11, 2017 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: How Much Cash Do You Actually Hold?
Replies: 113
Views: 16152

Re: How Much Cash Do You Actually Hold?

Cash is our emergency fund and is a function of # of months of expenses. It is not a part of our investment/retirement portfolio (accumulation phase). We have zero cash in our retirement accounts. We are the same way. Our cash and equivalents only represent about 6% of our net worth. Everything in ...
by Dimitri
Sat Feb 11, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Expenditures for household income $100k+
Replies: 35
Views: 4633

Re: Expenditures for household income $100k+

Kind of surprising. My wife and I fall into that middle category ($150-199K). That said, our annual expenses are under $20K. I guess it leaves more questions than answers. Do ppl really spend $33+K on housing (seems high to me - even if ppl are paying a mortgage - I mean it costs $477/mo to service ...
by Dimitri
Sat Feb 11, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Payment Method for Private Used Car Sale
Replies: 43
Views: 4220

Re: Payment Method for Private Used Car Sale

I think the simplest (and safest from the perspective of getting scammed) is to get paid in cash. If the buyer has the funds to buy a cashier's check then they can also withdraw the funds in cash. Do the transaction in the lobby of your bank or at a dead blackjack table at your local casino. There a...
by Dimitri
Sat Feb 11, 2017 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: How Much Cash Do You Actually Hold?
Replies: 113
Views: 16152

Re: How Much Cash Do You Actually Hold?

It may not be the most prudent thing to do in terms of trying to achieve the highest possible return but I like to hold a lot in cash. And by cash I'm just defining it as strictly bank accounts and cash in hand - not Treasury Direct-owned instruments, money market funds, etc. Without turning on the ...
by Dimitri
Sat Feb 11, 2017 9:30 am
Forum: Personal Consumer Issues
Topic: Terrible negotiator - need help with words to use [Buying a car]
Replies: 103
Views: 10470

Re: Terrible negotiator - need help with words to use [Buying a car]

Email for sure. I bought a Toyota Camry in 2014. Contacted the internet sales department of two California Toyota dealers - one of which is a very very high volume dealership. Got my best price. Then I emailed the four dealers in my neck of the woods. Snipped a picture of a car they had on the lot (...
by Dimitri
Fri Feb 10, 2017 12:44 am
Forum: Personal Consumer Issues
Topic: BRK Annual Shareholder Meeting- is it worth going?
Replies: 20
Views: 2876

Re: BRK Annual Shareholder Meeting- is it worth going?

Warren Buffett is 86. Charlie Munger is 93. If you want to see them live and in person this year is likely a good time. I'll probably see the Rolling Stones the next time they come to town for the same reason.
by Dimitri
Tue Feb 07, 2017 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage transfer to brother who is on the title
Replies: 2
Views: 392

Re: Mortgage transfer to brother who is on the title

I believe we can find the answer in 26 CFR 1.163-1 - Interest deduction in general. § 1.163-1 Interest deduction in general. (a) Except as otherwise provided in sections 264 to 267, inclusive, interest paid or accrued within the taxable year on indebtedness shall be allowed as a deduction in computi...
by Dimitri
Sun Feb 05, 2017 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Keep a Local Bank?
Replies: 76
Views: 6691

Re: Keep a Local Bank?

Some people are comfortable using an ATM. Personally I'm not. For that reason alone I want to be able to walk into a branch and deposit/withdraw money. Plus, even if I was interested in using an ATM, from my understanding the withdrawal limits are relatively low. Maybe that has changed over the year...
by Dimitri
Sun Feb 05, 2017 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance in coins
Replies: 18
Views: 3582

Re: Inheritance in coins

They are Gold/silver buillion coins and yes, they are valued at 40,000 per probate lawyers records. And yes, I do know of a location that buys them for spot price and no commission charge. So, my question is whether to leave some in coin form or to cash it in for investment such as index mutual fun...
by Dimitri
Sat Feb 04, 2017 10:50 pm
Forum: Personal Consumer Issues
Topic: Does anybody else out there still pay for an email address?
Replies: 74
Views: 13022

Re: Does anybody else out there still pay for an email address?

Absolutely not. I'm still on AOL. It is the one constant in my life - I've already paid plenty for it over the years. Phone numbers change, addresses change, employers change, etc. AOL is still there. But if they ask for money again I'm going straight to gmail. Not worth paying for in my opinion con...
by Dimitri
Sat Feb 04, 2017 10:15 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3809
Views: 1077270

Re: What Movie Have You Recently Watched?

Lost in Translation - http://www.imdb.com/title/tt0335266/. I watch it at least once every weekend.
by Dimitri
Sat Feb 04, 2017 6:34 pm
Forum: Personal Consumer Issues
Topic: Sam's Club vs Costco price comparison sources
Replies: 9
Views: 2081

Re: Sam's Club vs Costco price comparison sources

I can't really answer the question as I am unwilling to pay the vigorish for the privilege of shopping. That said, I do believe that Citibank offers "Price Rewind" for card members. https://www.citipricerewind.com/ If you pay with your Citibank card (if that is an option to you) you may be able to a...
by Dimitri
Sat Feb 04, 2017 6:28 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 94
Views: 19704

Re: Two Comma Club

If I buy a fixed annuity (or have one already) for, say, $500,000, is that money lost from my net worth? It seems like a philosophical question almost. There is a concept of mark-to-market vs Book value. The market value of an annuity would be the value of selling it today, meaning you have to fact...
by Dimitri
Sat Feb 04, 2017 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Ethically Grading Your Portfolio
Replies: 21
Views: 2161

Re: Ethically Grading Your Portfolio

My advice (and you didn't pay for it so take it for what is worth) would be to buy THE MARKET (US or global - however it is defined) and make donations/contributions to whatever worthwhile causes the foundation wishes. When one wants to get into "ethics" there are a lot of grey areas that one may no...
by Dimitri
Sat Feb 04, 2017 3:43 pm
Forum: Personal Consumer Issues
Topic: Walmart.com vs. Amazon.com
Replies: 41
Views: 6266

Re: Walmart.com vs. Amazon.com

Not a Prime member (or a Sam's Club/Costco/BJ's member - not willing to pay for the privilege of shopping). That said, Target is offering free shipping on a $25 purchase - http://www.target.com/c/target-shipping/-/N-551st. My thoughts are that WalMart and Target are going to aggressively target Amaz...
by Dimitri
Sat Feb 04, 2017 3:28 pm
Forum: Personal Consumer Issues
Topic: Car wash best practices in cold climates?
Replies: 37
Views: 4589

Re: Car wash best practices in cold climates?

This is the wrong forum for car care advice! A significant contingent thinks rain cleans their cars rather than being the source of dirt. (Maybe true in the desert) Check out Autopia or Meguiars Online. You are probably right. I live out here in the desert (Las Vegas). Cars get washed when they go ...
by Dimitri
Sat Feb 04, 2017 2:50 pm
Forum: Personal Consumer Issues
Topic: Any books really change your outlook on life?
Replies: 326
Views: 58170

Re: Any books really change your outlook on life?

There are a lot of books that might be more politically more correct say changed my outlook on life. That said, I think Dr. Hunter S. Thompson's Fear and Loathing in Las Vegas would be it for me. I probably wouldn't have come out here if it wasn't for that book. I live in this desert and I love it. ...
by Dimitri
Sat Feb 04, 2017 2:36 pm
Forum: Investing - Theory, News & General
Topic: Bogle advocating bonds=age-15?
Replies: 20
Views: 2524

Re: Bogle advocating bonds=age-15?

The Japanese investor 20 years from retirement in 1989 would have not fared too well if they were invested 100% in the NIKKEI. The Nikkei average has deviated sharply from the textbook model of stock averages which grow at a steady exponential rate. The average hit its all-time high on December 29,...
by Dimitri
Sat Feb 04, 2017 1:58 pm
Forum: Investing - Theory, News & General
Topic: Bogle advocating bonds=age-15?
Replies: 20
Views: 2524

Re: Bogle advocating bonds=age-15?

After seeing much data on this topic, the only reason I can see for someone who is 20 years or more from retirement not being 100% in equities is concern for the investor abandoning the buy-and-hold strategy when equities tank. But if you can stomach a 50% decline in your equity holdings without se...
by Dimitri
Sat Feb 04, 2017 1:02 pm
Forum: Investing - Theory, News & General
Topic: Ratio: Pain of Loss v. Happiness of Equal Size Gain
Replies: 22
Views: 2055

Re: Ratio: Pain of Loss v. Happiness of Equal Size Gain

At my first job one of the 401k options was Treasury Strips. That was where I put my money. Not quite pure gambling (ie picking up the dice and tossing them) but certainly not a conservative asset allocation. These days, at age 51, I put my 401k in a stable value fund. Less than exciting. When I was...
by Dimitri
Sat Feb 04, 2017 11:13 am
Forum: Investing - Theory, News & General
Topic: It appears Fiduciary changes may not happen after all.
Replies: 84
Views: 8520

Re: It appears Fiduciary changes may not happen after all.

To the best of my knowledge no employee is ever forced to participate in a 401k plan. Opt in or opt out - the choice is up to the employee. It is as simple as that. Let the market (employee) decide based on the fees, funds, match, vesting, etc. offered if opting in or out is the correct choice. The...
by Dimitri
Sat Feb 04, 2017 10:55 am
Forum: Investing - Theory, News & General
Topic: It appears Fiduciary changes may not happen after all.
Replies: 84
Views: 8520

Re: It appears Fiduciary changes may not happen after all.

To the best of my knowledge no employee is ever forced to participate in a 401k plan. Opt in or opt out - the choice is up to the employee. It is as simple as that. Let the market (employee) decide based on the fees, funds, match, vesting, etc. offered if opting in or out is the correct choice. The ...
by Dimitri
Fri Feb 03, 2017 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: Favorite S&P/Global Dividend Single Stocks?
Replies: 4
Views: 591

Re: Favorite S&P/Global Dividend Single Stocks?

A not necessarily bad place to start would be with the Dividend Aristocrats: The Dividend Aristocrats are a select group of 51 S&P 500 stocks with 25+ years of consecutive dividend increases. They are the ‘best of the best’ dividend growth stocks. The Dividend Aristocrats have a long history of outp...
by Dimitri
Fri Feb 03, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 33566

Re: Annual Vacation Budget

"I use my American Express and chase aapphire exclusively through the year and put every purchase on it, even utilities." I am curious where in the US you can put utility bills on a cc without triggering and extra fee? We will be relocating in the future and never considered that some utilities wou...
by Dimitri
Fri Feb 03, 2017 8:46 am
Forum: Personal Consumer Issues
Topic: Computer for elder novice
Replies: 36
Views: 2082

Re: Computer for elder novice

Chrome for sure. But rather than a Chromebook how about a Chromebase (all-in-one computer with a much larger screen)? I have both. That said, the Chromebook is only used if I go on a trip. Otherwise it sits in the drawer.
by Dimitri
Tue Jan 31, 2017 11:48 pm
Forum: Personal Consumer Issues
Topic: Fixing Automatic Garage Door Motor
Replies: 18
Views: 2123

Re: Fixing Automatic Garage Door Motor

I have a circa 1995 LiftMaster that had the same issues last September. Remotes didn't work - wall button did. Came to the same conclusion - bad logic board. After watching a couple of videos it looked easy so I ordered a logic board off of Amazon for $80. It came from 365 Garage Door Parts (would h...
by Dimitri
Sat Jan 28, 2017 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Criteria for admittance to the 2-comma club
Replies: 79
Views: 8611

Re: Criteria for admittance to the 2-comma club

The criteria are whatever you deem them. Investable assets only? Fine. Investable assets plus home equity? OK. Investable assets, home equity plus value of cars? Whatever. You get the idea. You make the call. The bigger question, in my mind, is just what does hitting the two comma club represent. Is...
by Dimitri
Sat Jan 28, 2017 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Is it bad to splurge for rent for one month if it will help my well being?
Replies: 14
Views: 2635

Re: Is it bad to splurge for rent for one month if it will help my well being?

I'm self employed, I haven't been making money because I've been in a serious depression the last year. Right now I can't get a lease because I have no proof of income even though I have low 6 figures in bank accounts + retirement (mostly here). Since the New Years I've been living week to week in ...
by Dimitri
Sat Jan 28, 2017 7:22 pm
Forum: Personal Consumer Issues
Topic: Input on Apple Watch-Buy or Not?
Replies: 64
Views: 5653

Re: Input on Apple Watch-Buy or Not?

I can't help but chuckle when my buddy checks his watch, then whips out his phone to complete the task....to each their own! Actually that is one of my main reason for wanting one. I get lots of emails and texts but the vast majority can wait many or are outright useless. It would be great to look ...
by Dimitri
Sat Jan 28, 2017 6:46 pm
Forum: Personal Consumer Issues
Topic: where to retire?
Replies: 63
Views: 7843

Re: where to retire?

Another idea - if Las Vegas, NV isn't your cup of tea - is moving somewhere in CA less expensive (i.e. under $700K). Not mine, don't know anything about it other than that I drive by Laguna Woods every time I go to the beach - http://www.realtor.com/realestateandhomes-detail/102-Via-Estrada-Unit-D_L...
by Dimitri
Sat Jan 28, 2017 6:30 pm
Forum: Personal Consumer Issues
Topic: Addicted to Technology/Information.
Replies: 5
Views: 920

Re: Addicted to Technology/Information.

I think the answer is simple. Turn off the phone. When you wake up log onto your office email and check. Before you go to bed do the same. Or whatever is required in your position. But once you are home turn off your phone. If it is important someone will send an email.
by Dimitri
Sat Jan 28, 2017 5:58 pm
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 11991

Re: Risk tolerance when you meet your number

Good question. When I was younger I loved to pick up the dice and toss them (actually I preferred playing baccarat but the point is the same). Now just on the other side of 50 things are different. I'm disinclined to take risk. I started a thread recently Why not put it all in TIPS? . https://www.bo...
by Dimitri
Sat Jan 28, 2017 1:02 pm
Forum: Personal Consumer Issues
Topic: where to retire?
Replies: 63
Views: 7843

Re: where to retire?

I have been searching for a mild climate to retire. I live 1/2 mile from the beach in Southern California so looking for the good life Criteria: I would consider Las Vegas, Nevada. Excellent weather- don't care for much rain and no snow 294 sunny days per year http://www.bestplaces.net/climate/city...