Search found 594 matches

by fire5soon
Sun Jul 05, 2020 2:43 pm
Forum: Personal Investments
Topic: Am I crazy to do this?
Replies: 46
Views: 4095

Re: Am I crazy to do this?

I have worked in the finance industry for over 20 years and worked directly with clients who invested during the 90's tech mania. Long story short... it didn't end well for most of them. I learned a lot of lessons without having to pay the tuition myself. One particular client (who was blue collar a...
by fire5soon
Fri Jul 03, 2020 11:54 am
Forum: Personal Consumer Issues
Topic: Encryption for the cloud
Replies: 19
Views: 1392

Re: Encryption for the cloud

Thanks for everyone's thoughts. I'll research the options mentioned. I've heard really good things about Boxcryptor but I'm not crazy about giving them my Google password.

Thanks again!
by fire5soon
Fri Jul 03, 2020 7:30 am
Forum: Personal Consumer Issues
Topic: Encryption for the cloud
Replies: 19
Views: 1392

Encryption for the cloud

Hello, all. I know this is a well worn topic but I didn't see this issue while searching previous threads. I have a 10 year old laptop on its last legs which has been replaced with a Chromebook. The Chromebook will be my only computer so I will no longer be able to use traditional software like Back...
by fire5soon
Thu Jun 04, 2020 4:29 pm
Forum: Personal Investments
Topic: Shack or McMansion?
Replies: 28
Views: 4073

Re: Shack or McMansion?

The older I get the smaller I wish my house was. Less to maintain, less to fix, less to pay taxes on, less to insure.
by fire5soon
Wed Jun 03, 2020 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity in IRA for 85yr old
Replies: 3
Views: 438

Re: Annuity in IRA for 85yr old

Hi Bogleheads, I'm reaching out as I respect the input of this group more than any other. My father in law is 85 with Dementia at a facility. My mother in law, 82,has POA. Years back they got sold into an annuity and put in his IRA. Although I fell that's a horrible idea it was done before I met th...
by fire5soon
Thu Apr 30, 2020 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Sibling inheritance of Traditional IRA - sharing with other siblings
Replies: 31
Views: 2042

Re: Sibling inheritance of Traditional IRA - sharing with other siblings

Depending on the state the brother lives in they can use a small estate affidavit. Some states have very low limits (like $10k) and some states have very high limits (six figures). If you don't qualify for an affidavit, and you don't want to probate, you may be able to obtain a court order to distri...
by fire5soon
Mon Apr 27, 2020 9:49 pm
Forum: Personal Investments
Topic: Brighthouse Shield Annuity Pitched to Parents - check my work?
Replies: 23
Views: 1614

Re: Brighthouse Shield Annuity Pitched to Parents - check my work?

These are called structured annuities and they are 100% a bad idea. They are considered alternative products and are much, much more risky than people realize. Run away as fast as you can from these.
by fire5soon
Thu Apr 23, 2020 6:23 am
Forum: Personal Investments
Topic: All the upside of the S&P with 10% downside protection "Free"?
Replies: 116
Views: 8082

Re: All the upside of the S&P with 10% downside protection "Free"?

I don't have a lot of time to respond so I'll keep it short: Run away as fast as you can. These are considered alternative structured products and have even more supervision and scrutiny over them than even the run of the mill bad idea annuities. There are many reasons not to buy them and several ha...
by fire5soon
Wed Apr 22, 2020 9:03 pm
Forum: Personal Investments
Topic: Your views on used car parts Industry
Replies: 31
Views: 1336

Re: Your views on used car parts Industry

As a car guy who does my own repairs, I never go to places like AutoZone or Advance unless I absolutely have to. A vast majority of the time, unless I'm buying a specific performance part, I buy from either Amazon or RockAuto. I've even hit the junk yard numerous times depending on what I need. Plac...
by fire5soon
Tue Mar 17, 2020 8:29 pm
Forum: Personal Consumer Issues
Topic: DIY CV axle replacement -any tips from BH who have done this?
Replies: 17
Views: 972

Re: DIY CV axle replacement -any tips from BH who have done this?

I've done many of these and, other than an impact to get the axle nut off, the item that has helped me over the years is a good long pry bar to help separate the axle from the transmission. I got a cheap set like the link below years ago and it helps a great deal. https://www.harborfreight.com/4-pie...
by fire5soon
Tue Feb 18, 2020 8:49 pm
Forum: Personal Consumer Issues
Topic: Perform own oil change pros & cons?
Replies: 224
Views: 11337

Re: Perform own oil change pros & cons?

I've always done my own maintenance (engine oil, trans fluid, brake fluid, differential fluid, fuel filters, air filters, etc.) not always due to cost, but also because I can control the quality of the materials used. You couldn't pay me to use the cheap filters I'm sure jiffy lube uses to keep cost...
by fire5soon
Tue Feb 11, 2020 7:40 am
Forum: Personal Consumer Issues
Topic: Taken for a ride for Car maintenance [Can I dispute Credit card charge?]
Replies: 101
Views: 6635

Re: Taken for a ride for Car maintenance [Can I dispute Credit card charge?]

Never blindly trust what any shop tells you, dealership or otherwise. Take this with a grain of salt because I'm a car guy and I do all my own work. I mount and balance my own tires now, but a few years ago I took my car in to a shop for new tires and that's all. The tech looked my car over and sugg...
by fire5soon
Sun Feb 09, 2020 2:52 pm
Forum: Personal Investments
Topic: Brighthouse Shield Annuities
Replies: 21
Views: 1343

Re: Brighthouse Shield Annuities

Without getting too far into the details, I work in the finance industry and as a result have experience with this product. It's a bad idea. They are considered structured alternative investments and are under much higher suitability scrutiny than almost any other type of insurance product. You have...
by fire5soon
Wed Feb 05, 2020 8:56 pm
Forum: Personal Consumer Issues
Topic: Family man who misses driving a fun car
Replies: 181
Views: 14480

Re: Family man who misses driving a fun car

My fun/project car is a LS 4th gen F body. Looks good, handles well, tons of mod options for the LS platform, and I can fit the Rugrats in the back. Perfect family car :-). For me there's nothing quite like American V8 muscle.
by fire5soon
Wed Feb 05, 2020 7:14 pm
Forum: Investing - Theory, News & General
Topic: Those Who Want to Work Past 70
Replies: 25
Views: 2493

Re: Those Who Want to Work Past 70

Others may have said this but, even if you want to work past 70, I would plan to be FI much earlier. Your health or your employer may not have the same longevity that your desire to work has.
by fire5soon
Thu Jan 30, 2020 10:06 pm
Forum: Personal Consumer Issues
Topic: Should we keep our new car extended warranty?
Replies: 40
Views: 2038

Re: Should we keep our new car extended warranty?

As a reminder... I LIVE IN THE RUST BELT ....if I lived in say, Arizona, it would be a different matter. It seems extremely unlikely that I will not need to get significant suspension work done in the 100-150k mile range. An additional consideration: labor and parts costs will only rise over the ne...
by fire5soon
Wed Oct 02, 2019 8:20 pm
Forum: Personal Consumer Issues
Topic: Classic car (~70s convertible)
Replies: 19
Views: 2171

Re: Classic car (~70s convertible)

The only comment I'll make is even though you say you don't know much about cars then you better be willing to learn. A 40+ year old car will have issues. Not if, but when. I am a car guy and I enjoy working on them. To me having a project car and learning new repair/mod skills is part of it. If you...
by fire5soon
Mon Sep 23, 2019 6:45 pm
Forum: Personal Consumer Issues
Topic: Where do you buy parts for DIY Auto repairs
Replies: 46
Views: 3790

Re: Where do you buy parts for DIY Auto repairs

I price compare typically between rockauto and Amazon. I have purchased off eBay if I needed a hard to find used part. I've been known to hit a few junk yards in my day too (which I enjoy way more than I should). I only go to a local parts store if I'm in a real bind or crunch due to the huge differ...
by fire5soon
Sun Sep 22, 2019 6:54 pm
Forum: Personal Consumer Issues
Topic: Removing ceramic tile with hammerdrill+chisel bits
Replies: 18
Views: 1443

Re: Removing ceramic tile with hammerdrill+chisel bits

I used a cheap harbor freight air hammer with a wide bit to get 18" tile off of a concrete slab. Worked like a charm.
by fire5soon
Wed Sep 18, 2019 1:59 pm
Forum: Personal Investments
Topic: Annuity question
Replies: 19
Views: 1986

Re: Annuity question

Anyone have the details on a similar annuity that they got the detailed paperwork on? So you put the money in up front and it magically grows to double in 10 years. Then they give you 6% of that final amount for the rest of your life. This is the headline. I'm looking for the gottchas for the inves...
by fire5soon
Tue Sep 17, 2019 4:55 pm
Forum: Personal Consumer Issues
Topic: $2k repairs on $12K car
Replies: 81
Views: 5724

Re: $2k repairs on $12K car

(......) If it were my car, I'd have the brakes done, and the battery, skip the fluids unless the owner's manual calls for it (seems kind of early in the car's life), get the cabin air filter from a parts store or amazon for 10. and put it in myself (usually very simple) (......) This is good advic...
by fire5soon
Mon Sep 16, 2019 10:20 pm
Forum: Personal Investments
Topic: Annuity question
Replies: 19
Views: 1986

Re: Annuity question

Your cash value doesn't double. The benefit base that they use to calculate the income the rider will provide will double. That variable contract probably has around 3.5% in annual fees (at least} which can increase as a percentage of the contract value. VA's with an income Rider is a bad idea 99.99...
by fire5soon
Sat Sep 07, 2019 11:11 pm
Forum: Personal Consumer Issues
Topic: Does anybody replace HVAC capacitors presumptively before they fail as part of maintenance?
Replies: 44
Views: 3692

Re: Does anybody replace HVAC capacitors presumptively before they fail as part of maintenance?

You can buy them on Amazon for around $25 - $50 depending on which one you need. I keep a spare in the garage ready to go for when the time comes. They are a simple dyi task for most folks. If you're unsure how to replace one there are tons of YouTube videos to show you how.

Good luck
by fire5soon
Sun Sep 01, 2019 9:33 am
Forum: Personal Consumer Issues
Topic: Did humanity ever make good Gas cans
Replies: 70
Views: 6894

Re: Did humanity ever make good Gas cans

I do just fine with cheap cans but the pour spouts are horrible due to law changes several years ago. I buy replacement pour spouts on Amazon pretty cheaply and have been satisfied.
by fire5soon
Fri Aug 23, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Should I skip scheduled car maintenance?
Replies: 26
Views: 2068

Re: Should I skip scheduled car maintenance?

Here's essentially what I do: Every 5k miles: - oil & filter - rotate tires Every 25k miles: - change fuel filter - change trans fluid & filter (NOT flush) - change cabin filter - change air filter Every 50k miles: - change spark plugs - change coolant - typically will change belts (cheap & easy ins...
by fire5soon
Sat Aug 10, 2019 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Buy historic, walkable home or stay in blah subdivision with short commute?
Replies: 56
Views: 6473

Re: Buy historic, walkable home or stay in blah subdivision with short commute?

My apologies if I'm repeating something someone has already said. Historical homes often come with city restrictions to keep them period specific. For example you can't paint your house the color you want, it has to be on a city approved list of colors. Or you can't alter the exterior look of the ho...
by fire5soon
Fri Aug 02, 2019 10:49 am
Forum: Personal Consumer Issues
Topic: Extreme Anxiety with Time/Money
Replies: 95
Views: 9804

Re: Extreme Anxiety with Time/Money

I have a severe independent streak in me so I like doing everything myself. I also enjoy learning how things work and fixing things. Unfortunately I have a very difficult time trusting others to do a job correctly without ripping me off which is also a big reason I DIY. If a project arises that I do...
by fire5soon
Thu Aug 01, 2019 5:03 am
Forum: Personal Consumer Issues
Topic: Car Repair Question
Replies: 29
Views: 2466

Re: Car Repair Question

I replaced the a/c compressor on one of my vehicles recently. For the compressor, receiver/dryer, and refrigerant it was less than $250. I already have a set of gauges (can get from Harbor Freight for maybe $50) and I rented a vacuum pump from a parts store for free. So if you have a little knowledg...
by fire5soon
Thu Jul 25, 2019 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity customer service declining?
Replies: 17
Views: 2310

Re: Fidelity customer service declining?

A letter to the CEO is considered a formal written 351 complaint and they are required to respond to you. They may not tell you what you want to hear, but they must respond.
by fire5soon
Thu Jul 25, 2019 5:59 am
Forum: Personal Finance (Not Investing)
Topic: Update with Part 2: What would it take for you, the non-landlord, passive-investor, to become a landlord?
Replies: 57
Views: 4865

Re: What would it take for you, the non-landlord, passive-investor, to become a landlord?

I was/am that passive investor who became a landlord for nearly a decade. I hated every minute of it. I finally sold that property and vowed to never become a landlord again. Not to paint tenants with a broad brush, but you are working with someone who does not care about the property as much as you...
by fire5soon
Mon Jul 15, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 85
Views: 8739

Re: Tenant turned off all utilities advice please!!

Back when I was a landlord (so happy to have sold it and am out of that business) I once had a tenant tell me the unit smelled fine, but when he put his nose right up against the carpet in certain areas of the living room that the carpet smelled, so he wanted it to be professionally cleaned. When I ...
by fire5soon
Fri Jul 12, 2019 6:19 am
Forum: Personal Consumer Issues
Topic: Car DIY, NYC.
Replies: 33
Views: 1869

Re: Car DIY, NYC.

Honestly if you're not willing to do an oil change I don't know why we're talking about spark plugs and brake jobs. An oil change is about as basic as it gets. Some folks just aren't meant to work on their vehicles which is a shame because I really enjoy it. However if you're not willing to change ...
by fire5soon
Fri Jul 12, 2019 5:08 am
Forum: Personal Consumer Issues
Topic: Car DIY, NYC.
Replies: 33
Views: 1869

Re: Car DIY, NYC.

Honestly if you're not willing to do an oil change I don't know why we're talking about spark plugs and brake jobs. An oil change is about as basic as it gets. Some folks just aren't meant to work on their vehicles which is a shame because I really enjoy it. However if you're not willing to change y...
by fire5soon
Tue Jul 09, 2019 5:08 am
Forum: Personal Finance (Not Investing)
Topic: Keep or Sell Rental Real Estate
Replies: 18
Views: 1260

Re: Keep or Sell Rental Real Estate

Also consider depreciation recapture when you sell. The tax man gives you a benefit up front but takes his pound of flesh when you sell. Just something else to consider.
by fire5soon
Sat Jul 06, 2019 11:25 am
Forum: Personal Consumer Issues
Topic: HVAC possibly damaged by lightening
Replies: 10
Views: 893

Re: HVAC possibly damaged by lightening

If it were me I would only use my HOI to cover a catastrophic loss. If you do try to make a claim then expect your premium increases as a result of the claim to quickly eat away any money you received to cover the loss.
by fire5soon
Fri Jul 05, 2019 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Do you share your net worth with family members?
Replies: 252
Views: 23627

Re: Do you share your net worth with family members?

I'm barely willing to admit what my light bill was last month, but I'm typically a very private person on details like this.
by fire5soon
Thu Jun 27, 2019 4:48 am
Forum: Personal Finance (Not Investing)
Topic: Securing a "Private Pension"?
Replies: 18
Views: 2723

Re: Securing a "Private Pension"?

Based on the description it sounds like an indexed annuity with a joint life income rider. Couple of points: - Indexed annuities typically have a capped upside based on an equity index but the contract value does not fall based on that index. - The advisor may say there are no fees, but the income r...
by fire5soon
Sat Jun 22, 2019 11:12 pm
Forum: Personal Consumer Issues
Topic: Dealer 30K Service for 2017 RAV4--Unusual Items?
Replies: 52
Views: 5082

Re: Dealer 30K Service for 2017 RAV4--Unusual Items?

Get a couple of cans of Seafoam and add a can to your gas tank a couple of times a year. $7 or so a can and works well.
by fire5soon
Fri Jun 14, 2019 8:50 am
Forum: Personal Consumer Issues
Topic: Buy Mini-Van Tomorrow or No?
Replies: 59
Views: 4008

Re: Buy Mini-Van Tomorrow or No?

I hope you're handy in the garage if you're buying a Dodge/Chrysler. My spouse purchased a Dodge new and within the first 50k miles I had to replace a front wheel bearing, alternator, new transmission (under warranty), rewire a cigarette lighter plug that had a break in the power wire, replace the t...
by fire5soon
Wed Jun 12, 2019 6:00 am
Forum: Personal Consumer Issues
Topic: Central Air Conditioning Troubleshooting
Replies: 18
Views: 1312

Re: Central Air Conditioning Troubleshooting

The most common reason for the problem you describe is a bad capacitor. If you have a multimeter you can determine if the capacitor is bad pretty easily (especially one that can test capacitance). YouTube is your friend here. If the capacitor is bad then it's a super easy fix. If you do mess with th...
by fire5soon
Tue Jun 11, 2019 9:37 am
Forum: Personal Consumer Issues
Topic: Passport photos cheap
Replies: 55
Views: 3648

Re: Passport photos cheap

This, to me, is one of those penny wise & pound foolish topics. I can get a passport photo at Walgreens or CVS (with a coupon) for $10 and they guarantee it will fit the government requirements. I would rather pay the $10 and know I won't have problems trying to correct a photo error with a governme...
by fire5soon
Mon Jun 10, 2019 9:07 am
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 241
Views: 16201

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

I am a car guy. If it were me I would buy a relatively inexpensive car that has a large parts aftermarket, build it up, drive the **** out of it, break it, fix it, repeat. Half the fun is learning how the vehicle works and wrenching on it. I'd be so scared that I'd just scratch a supercar that I'd h...
by fire5soon
Thu May 30, 2019 7:28 am
Forum: Personal Consumer Issues
Topic: Cordless Drill: Bosch PS32-02 vs Makita FD07R1?
Replies: 31
Views: 2439

Re: Cordless Drill: Bosch PS32-02 vs Makita FD07R1?

Never used Bosch but have a Makita router that has served me very well. Also check out the Milwaukee M18 series. On a side note, also consider getting a 1/4" impact driver. If you're driving screws of any length you will be amazed how much easier life is with an impact driver versus a regular drill....
by fire5soon
Fri May 17, 2019 10:48 am
Forum: Investing - Theory, News & General
Topic: Bonds beyond Total Bond Market - Anyone ?
Replies: 47
Views: 4321

Re: Bonds beyond Total Bond Market - Anyone ?

Does anyone with a low equity allocation utilize bond types like high yield or EM to hopefully increase returns slightly while trying to minimize the magnitude of the downside risk that equities can demonstrate during bear markets?
by fire5soon
Tue Apr 02, 2019 1:52 pm
Forum: Personal Consumer Issues
Topic: Want to see a concert! Ideas?
Replies: 50
Views: 3231

Re: Want to see a concert! Ideas?

I've seen both huge arena concerts as well as hole-in-the-wall venues. I've really started to prefer smaller venues. You can often stand right up front and close to the band, often get to meet them, it's easier to get in & out of the venue, and typically much less money. This may not be your type of...
by fire5soon
Mon Oct 15, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: When to stop putting money into an older vehicle
Replies: 90
Views: 7505

Re: When to stop putting money into an older vehicle

If you're going to drive an older vehicle you really need to learn how to work on them. I don't mean become an ASE certified mechanic... but learn how to perform routine maintenance and how to inspect it. My daily driver is 14 years old and not worth all that much. I enjoy working on cars though. My...
by fire5soon
Thu Oct 11, 2018 8:35 am
Forum: Personal Consumer Issues
Topic: Anyone done a Hair Transplant?
Replies: 79
Views: 7484

Re: Anyone done a Hair Transplant?

I considered it but, after doing a lot of research, the cons really outweighed the pros. I ultimately either just shave or buzz my head depending on how I feel at the time. It's not just the procedure itself. it's also all the medication you need to take afterwards as well as the other meds you need...
by fire5soon
Thu Sep 27, 2018 2:17 pm
Forum: Personal Investments
Topic: Secondary beneficiary for JTWROS brokerage account
Replies: 24
Views: 2015

Re: Secondary beneficiary for JTWROS brokerage account

This is 99.9% of the reason why I have no after-tax assets at Vanguard. How a company as large as Vanguard does not support this basic function is amazing to me. When I called and asked the rep told me not all states have adopted the TOD designation. I replied, "yes, only TX and LA haven't adopted T...
by fire5soon
Tue Sep 25, 2018 7:23 am
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 89
Views: 10724

Re: Oil change interval for low-mileage vehicles

jehovasfitness wrote:
Tue Sep 25, 2018 6:32 am
Once a year regardless of miles driven
This is what I do with low mileage vehicles.