Search found 534 matches

by fire5soon
Thu Mar 15, 2018 6:56 am
Forum: Personal Consumer Issues
Topic: Tires on a 15 year old car....Replace or not?
Replies: 79
Views: 5230

Re: Tires on a 15 year old car....Replace or not?

I don't recall the exact details, but I believe tires should be replaced after approximately 7 years despite mileage due to a breakdown of the materials. I'd have to consult The Google to confirm my theory though.
by fire5soon
Fri Jan 26, 2018 8:01 am
Forum: Personal Consumer Issues
Topic: Machu Picchu and Galapagos in late March 2019
Replies: 29
Views: 1822

Re: Machu Picchu and Galapagos in late March 2019

Went to the Sacred Valley last year. I live in FL and have never really experienced elevation above 4k feet in my life. I flew from FL and landed in Cusco within 24 hours (which is roughly at 14k feet) and experienced no real altitude problems. A tad winded if walking up a long flight of stairs for ...
by fire5soon
Fri Jan 19, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: MEC's instead of Bonds?
Replies: 18
Views: 891

Re: MEC's instead of Bonds?

A MEC is essentially an overfunded life insurance policy. You keep calling them simply a "MEC" which makes me think you are being sold this idea by an adivisor and do not fully understand how the insurance product works. I don't mean this in a derogatory manner, rather I say it as a warning that you...
by fire5soon
Sun Dec 24, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Selling rental property and tax ramifications
Replies: 4
Views: 858

Re: Selling rental property and tax ramifications

There are many sites which have sample calculations which help you determine capital gains versus depreciation recapture. Normally I'd provide some of those links/examples but I'm running a bit late this evening for another engagement :beer Good some of the sample calcs and it will definitely help y...
by fire5soon
Tue Dec 19, 2017 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA RMD
Replies: 2
Views: 408

Re: Inherited IRA RMD

Your 2017 RMD is based on the 12/31/2016 balance and must be withdrawn from the account by 12/31/2017. Any amount not taken which should have been can have an additional 50% penalty applied.
by fire5soon
Fri Dec 15, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Should I open a fitness center for extra money?
Replies: 37
Views: 3204

Re: Should I open a fitness center for extra money?

This may be anecdotal, but in a past role I saw dozens of people's credit reports every day. By far the number one collection item on many credit reports were gym memberships. In other words the people weren't paying their contracts in huge numbers. Other than that I have no experience with running ...
by fire5soon
Fri Dec 01, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Is investing in the stock market just like investing in a house for appreciation?
Replies: 33
Views: 1636

Re: Is investing in the stock market just like investing in a house for appreciation?

Stocks don't call you after they've broken the toilet at 2am and expect you to fix it.
by fire5soon
Thu Nov 30, 2017 10:38 pm
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 12187

Re: Price of haircut?

I cut it myself with a $20 set of clippers I've had for years.
by fire5soon
Sat Nov 25, 2017 10:26 am
Forum: Investing - Theory, News & General
Topic: Why does everyone keep increasing their international stock %?
Replies: 101
Views: 10133

Re: Why does everyone keep increasing their international stock %?

Is there any research showing what portion of equity markets are owned by which countries, or US versus ex-US investors? In other words, is the US equity market owned by 75% US investors and 25% non-US? Also for foreign markets... for example are, say, 35% of ex-US equities owned by US investors? H...
by fire5soon
Fri Nov 24, 2017 12:24 pm
Forum: Investing - Theory, News & General
Topic: Why does everyone keep increasing their international stock %?
Replies: 101
Views: 10133

Re: Why does everyone keep increasing their international stock %?

Is there any research showing what portion of equity markets are owned by which countries, or US versus ex-US investors? In other words, is the US equity market owned by 75% US investors and 25% non-US? Also for foreign markets... for example are, say, 35% of ex-US equities owned by US investors? Ho...
by fire5soon
Tue Nov 14, 2017 6:35 am
Forum: Investing - Theory, News & General
Topic: Regret of selling winning stocks early
Replies: 64
Views: 9362

Re: Regret of selling winning stocks early

In the past I worked for a company who was considered a leader in its field. The stock was doing very well. The company match in our 401k was automatically invested into company stock. However every time the company match hit my account I sold the stock the very next day and instead invested in my b...
by fire5soon
Thu Oct 26, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: RMD from IRA in year of death
Replies: 18
Views: 1766

Re: RMD from IRA in year of death

Thank you to everybody who replied! The beneficiaries must take the RMD in the year of death. I understand this in general. In my experience in the past, the RMD has been taken by one or more beneficiaries from an inherited IRA. My question is whether a distribution from a regular, non-inherited tr...
by fire5soon
Thu Oct 26, 2017 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: RMD from IRA in year of death
Replies: 18
Views: 1766

Re: RMD from IRA in year of death

Thank you to everybody who replied! The beneficiaries must take the RMD in the year of death. I understand this in general. In my experience in the past, the RMD has been taken by one or more beneficiaries from an inherited IRA. My question is whether a distribution from a regular, non-inherited tr...
by fire5soon
Fri Oct 20, 2017 1:42 pm
Forum: Investing - Theory, News & General
Topic: QLAC - Should I, or shouldn't I buy one?
Replies: 4
Views: 610

Re: QLAC - Should I, or shouldn't I buy one?

A potential negative (as far as I understand these) is if you do not take any income prior to your passing, your beneficiaries will only receive the premium back. So no interest, gains, dividends, etc. These are really meant to be used to provide income and not to avoid RMD's.
by fire5soon
Thu Oct 19, 2017 3:18 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 158
Views: 16653

Re: anyone else not liking the new cars?

I actually don't like all the little creature comforts newer cars seem to have. To me (and maybe I'm a stick in the mud) it's just more stuff that can break. There are good things about technology, don't get me wrong. But just as I prefer simplicity in my investments, I also prefer simplicity in my...
by fire5soon
Thu Oct 19, 2017 2:10 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 158
Views: 16653

Re: anyone else not liking the new cars?

I actually don't like all the little creature comforts newer cars seem to have. To me (and maybe I'm a stick in the mud) it's just more stuff that can break. My first car was built in the mid-60's. It didn't have power anything, windshield wipers had one speed (slow), no computer controls, etc, but ...
by fire5soon
Fri Oct 13, 2017 7:46 am
Forum: Personal Consumer Issues
Topic: Building additional garage - recommendations?
Replies: 26
Views: 1524

Re: Building additional garage - recommendations?

As a car guy I would absolutely love to have a lift in my garage.
by fire5soon
Fri Aug 11, 2017 8:21 pm
Forum: Local Chapters and Bogleheads Community
Topic: Calling all JACKSONVILLE FLORIDA Bogleheads (Northeast Florida)
Replies: 2
Views: 663

Re: Calling all JACKSONVILLE FLORIDA Bogleheads (Northeast Florida)

I've always been curious what the discussions are like at chapter meetings. Do we all discuss holding TSM for 30 years and dismiss after 10 minutes or are they domestic vs. international brawls which require police intervention? 8-) I'm in the area and ask in all seriousness. Where are they held? Wh...
by fire5soon
Mon Jul 17, 2017 5:44 am
Forum: Investing - Help with Personal Investments
Topic: Why Not REIT's?
Replies: 47
Views: 5960

Re: Why Not REIT's?

Tax rules can change. Up until a few years ago REIT's had to pay out 95%, not just 90%. This change alone gave me serious pause regarding REIT's.
by fire5soon
Tue Jul 04, 2017 9:54 am
Forum: Personal Consumer Issues
Topic: Bogleheads: you should be buying 10-year old cars
Replies: 173
Views: 17949

Re: Bogleheads: you should be buying 10-year old cars

My daily driver is 13 years old and my project car is almost 18 years old. For years my daily driver was a mid-60's pony car (which I should have never sold by the way... :oops: ) The key is not waiting until something breaks and keep up on your preventative maintenance. i.e., don't wait until that ...
by fire5soon
Fri Jun 30, 2017 7:48 pm
Forum: Personal Consumer Issues
Topic: My first car - keep or sell?
Replies: 13
Views: 1259

Re: My first car - keep or sell?

You already said you don't drive the car much and have another car if needed. This sounds like an excellent opportunity to make the repair yourself and save probably 75% of the cost of the repair. You'll be surprised what you can do if you take your time and pay attention. Of course I really enjoy w...
by fire5soon
Tue Jun 27, 2017 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Simplicity At Last
Replies: 7
Views: 1598

Re: Simplicity At Last

I would love to implement something like this. I have things relatively simple, but I'm afraid if my wife had to take over for me it would be a very steep learning curve. She's very smart, but just not interested. I love my small value and foreign small, but perhaps I should move as much as I can to...
by fire5soon
Sun Jun 18, 2017 4:53 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Portfolio Tilts
Replies: 86
Views: 9012

Re: Your Favorite Portfolio Tilts

I tilt 1/3 of domestic to SV via VSIAX and 1/3 of foreign to small via VFSVX. I'd love to just stick 100% to Lifestrategy Moderate VSMGX and, based on my spouse's lack of interest, I may ultimately do just that. For now I like the smallish bet that small/value will do better in the long run.
by fire5soon
Wed Jun 14, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Comments on Planned Portfolio
Replies: 8
Views: 872

Re: Comments on Planned Portfolio

Thanks very much for so many thoughtful comments so soon. I had not included any Life Strategy because they are newer and have about 10 less years of historical data to review. However, I am going to add Life Strategy Moderate Growth (VSMGX) to my evaluation spreadsheets and simulations to see how ...
by fire5soon
Wed Jun 14, 2017 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Comments on Planned Portfolio
Replies: 8
Views: 872

Re: Comments on Planned Portfolio

I'm in a similar situation in that I have a very intelligent wife who is unfortunately averse to learning about finance. Your topic is of great interest to me. STAR is a good fund of funds, however the expense ratio is roughly double that of the W&W combo and nearly 4x that of the TSM/Treasury combo...
by fire5soon
Mon Jun 12, 2017 11:32 am
Forum: Investing - Theory, News & General
Topic: Ok reasons for a 37 year old to have a 60/40 mix?
Replies: 61
Views: 9609

Re: Ok reasons for a 37 year old to have a 60/40 mix?

Not too far from age in bonds either. Don't feel pressured to do what everyone else does. It's your money.
by fire5soon
Sun May 14, 2017 12:49 pm
Forum: Personal Consumer Issues
Topic: Check engine light comes on, need advice
Replies: 27
Views: 1797

Re: Check engine light comes on, need advice

Parts stores like AutoZone, Advance Auto, O'Reillys, etc will pull the codes for free and will to some extent help with how to fix them (because they want to sell you parts :D ). You can also buy a cheap OBDII scanner on Amazon for about $10 which will accomplish 95% of what you need to do, especial...
by fire5soon
Fri May 12, 2017 7:49 am
Forum: Personal Consumer Issues
Topic: Price for brakes and rotors?
Replies: 73
Views: 5423

Re: Price for brakes and rotors?

If you're comfortable doing the work I would consider handling it yourself. I just changed all four rotors & pads on my car for about $150 total (got a good deal from rockauto). Disc brakes are not difficult to do at all. If your calipers don't compress and need to be screwed back in instead you can...
by fire5soon
Thu May 04, 2017 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Favorite Financial Indulgences
Replies: 78
Views: 9389

Re: Favorite Financial Indulgences

I love to travel. Whether it's around the world or a weekend road trip. I don't like to sit still.

I'm also a car guy, so I enjoy upgrading my project car with totally reasonable and necessary parts... 8-)
by fire5soon
Tue May 02, 2017 1:51 pm
Forum: Personal Consumer Issues
Topic: using smartphone overseas travel
Replies: 10
Views: 1275

Re: using smartphone overseas travel

If you do need to make phone calls you can use an app called Viber. You make the call over wifi but you can call cell/land lines like normal. There is a fee but it's pennies a minute depending on the country you're calling to. I recently had to call overseas for a relative and a 15 minute phone call...
by fire5soon
Fri Apr 28, 2017 2:09 pm
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 126
Views: 28269

Re: Vanguard has switched to brokerage only accounts

The conversion is a great concern of mine. My employer will not allows me to hold brokerage accounts with outside firms. If Vanguard tried to do this I would have to close all accounts and transfer the assets away. If Vanguard forces this on me it would be a major negative event in my life.
by fire5soon
Thu Apr 27, 2017 2:54 pm
Forum: Personal Consumer Issues
Topic: Why I'm tempted to fix things myself; it's not about the money
Replies: 38
Views: 5026

Re: Why I'm tempted to fix things myself; it's not about the money

I do everything myself for a couple of reasons: - I enjoy it. I like knowing how things work and learning new things. It sounds corny, but I also derive satisfaction of getting the job done. - I can do it much cheaper than hiring it out 99% of the time. - I don't trust anyone like myself to be as mo...
by fire5soon
Sun Apr 16, 2017 11:15 am
Forum: Personal Finance (Not Investing)
Topic: When need and want take different paths.......
Replies: 30
Views: 2850

Re: When need and want take different paths.......

As a car guy, I say if you can afford it then go for it. I had a classic car when I was younger and sold it. I've regretted it ever since. When half a dozen people I knew that were around my age died in a six month span I decided to get another project car. It doesn't make the most financial sense i...
by fire5soon
Mon Apr 10, 2017 2:14 pm
Forum: Personal Consumer Issues
Topic: Car collision repair advice
Replies: 7
Views: 667

Re: Car collision repair advice

Third option: Depending on the popularity of your car and if the damage is isolated to the door itself, you could find a door from a junkyard and replace yourself. If you're lucky the color will match or, if not, you're only paying for a door to be repainted (if you care). This way the insurance com...
by fire5soon
Fri Mar 31, 2017 12:29 pm
Forum: Personal Consumer Issues
Topic: Keep two cars for one person to drive
Replies: 34
Views: 3886

Re: Keep two cars for one person to drive

My condolences on your loss. I use two cars. One is my practical (cheap) daily and the other is a project sports car. I enjoy cars, working on them, repairing them, driving them. Having the sports car costs more than I would like, but if I plan on driving it to work the next day I actually lay in be...
by fire5soon
Fri Mar 24, 2017 7:03 am
Forum: Personal Consumer Issues
Topic: Honda Transmission Service
Replies: 47
Views: 5269

Re: Honda Transmission Service

I wouldn't do a flush. Just drain the old fluid, replace the filter, move on. I do this every 25k miles on my automatic car, but I probably change mine more frequently than needed. I figure it's cheap insurance and I do it myself so the costs are minimized. Just make sure you are using the ATF (auto...
by fire5soon
Wed Mar 22, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Series 65 Volunteer Advising?
Replies: 33
Views: 2762

Re: Series 65 Volunteer Advising?

You can't be an RIA with just a Series 65. You also need a Series 7. If you have a 65 you also need a 63, or, to avoid needing both a 65 & 63 you can just get the 66 which combines the two. Others were also correct in saying you can't do this solo. You must be sponsered by a Firm to hold the licenses.
by fire5soon
Tue Mar 07, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone use LPL financial?
Replies: 27
Views: 4176

Re: Anyone use LPL financial?

Run, don't walk, away from them.
by fire5soon
Tue Feb 28, 2017 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity Reference
Replies: 11
Views: 1047

Re: Annuity Reference

I don't have a lot of time at the moment to discuss the finer points, but it sounds like he has an income rider which grows an income benefit base at 6% per year. For example: he invests $100k. At the end of 1 year the income benefit base will be $106k no matter what the contract value is. He can th...
by fire5soon
Tue Feb 28, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: What's Happened to Vanguard Reps?
Replies: 17
Views: 2535

Re: What's Happened to Vanguard Reps?

Just a little background on VG - kind of a new poster here. Along the lines of MittensMoney's comment regarding their pay. VG pay is extremely low for the industry and the barrier to entry is not high. Most of their phone reps do not have finance or business degrees so they have a long learning arc...
by fire5soon
Tue Feb 28, 2017 9:12 am
Forum: Personal Consumer Issues
Topic: Grass trimmer
Replies: 67
Views: 5322

Re: Grass trimmer

Gas definitely. I have 3/4 acre and started out with an electric. After dragging the cord all over the yard, around trees, etc. I got a gas trimmer and haven't looked back.
by fire5soon
Mon Feb 13, 2017 7:37 pm
Forum: Personal Consumer Issues
Topic: Windshield repair gone wrong....
Replies: 19
Views: 2734

Re: Windshield repair gone wrong....

Replace. It's not that difficult of a job so hopefully they won't mess it up a second time.
by fire5soon
Thu Feb 02, 2017 7:45 am
Forum: Investing - Help with Personal Investments
Topic: How do you guys ignore this stuff?
Replies: 80
Views: 9897

Re: How do you guys ignore this stuff?

Can you imagine coming out of the 1930's and the Great Depression only to have WWII happen? What we have now is nuthin' 8-)
by fire5soon
Sun Jan 29, 2017 11:40 am
Forum: Personal Consumer Issues
Topic: Car Guy question
Replies: 61
Views: 7375

Re: Car Guy question

I've never owned an Audi so I have no direct experience. However I do drive a 13 year old car with about 130k miles on it that's worth maybe $1k. I work on my own cars so I do have a labor cost advantage, but I have a similar outlook as other posters do in that making repairs to an old car is still ...
by fire5soon
Mon Jan 16, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Should people own 2 cars for themselves?
Replies: 21
Views: 4341

Re: Should people own 2 cars for themselves?

I have a biased view on this question because I'm a car guy. So I have a project car that I'm always tinkering with and trying to improve/modify. There have been times where my daily driver (which is 13 years old with 130k miles) has had an issue which took a couple of days for me to repair. During ...
by fire5soon
Sun Jan 15, 2017 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Out of town mechanic botched fix
Replies: 19
Views: 2102

Re: Out of town mechanic botched fix

I don't have any specific advice as to the mechanic, but I will say using a remanufactured alternator is common practice and isn't shady at all (unless they charged you for a new part). Unless you were charged for a new part I wouldn't hold using a reman alternator against the shop.
by fire5soon
Sat Jan 07, 2017 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: should i surrender my fixed indexed annuity
Replies: 13
Views: 1271

Re: should i surrender my fixed indexed annuity

You are taking qualified IRA distributions according to either your mother's expected life or your expected life expectancy, or held for your till your retirement. IIRC. Doesn't one have to start taking required minimum distributions from an inherited IRA the year after it was inherited no matter w...
by fire5soon
Fri Jan 06, 2017 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: should i surrender my fixed indexed annuity
Replies: 13
Views: 1271

Re: should i surrender my fixed indexed annuity

Couple of thoughts here... 1) First, my condolences for your loss. 2) If this is in an inherited IRA you will have no tax liability at all for surrendering the annuity. You would only incur tax liability if you actually withdrew the money from the inherited IRA itself. The indexed annuity is just a ...
by fire5soon
Fri Jan 06, 2017 9:47 pm
Forum: Personal Consumer Issues
Topic: Small fender bender - pay or use insurance?
Replies: 13
Views: 1407

Re: Small fender bender - pay or use insurance?

My understanding is now that his insurance company is aware of the accident his rates are likely to go up no matter what. The damage has already been done (pun intended). As for going outside of insurance, this can be dangerous as after your friend pays to fix the car what if the other driver accuse...