Search found 568 matches

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: 54
Views: 5374

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: 8054

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: 2132

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: 2036

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: 4261

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: 7971

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: 1481

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: 1481

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: 1110

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: 695

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: 21060

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: 2526

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: 4458

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: 3483

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: 1201

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: 3243

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: 14235

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: 1982

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: 3718

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: 2716

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: 6708

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: 6599

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: 1575

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: 8096

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.
by fire5soon
Thu Aug 23, 2018 12:08 pm
Forum: Personal Consumer Issues
Topic: $65K Fun Daily Driver
Replies: 112
Views: 9065

Re: $65K Fun Daily Driver

but so far I've been eyeing a 2014 - 2016 Mercedes E63S AMG and same year Audi RS7. Any other suggestions to look into? Telsa Model 3 Performance $64k brand new, full warranty. low maintenance car. car seat friendly, see video. https://www.youtube.com/watch?v=2Vrgcjg5TBo But heaven forbid if you ne...
by fire5soon
Thu Aug 23, 2018 8:24 am
Forum: Personal Consumer Issues
Topic: $65K Fun Daily Driver
Replies: 112
Views: 9065

Re: $65K Fun Daily Driver

I would say keep both cars. I also have a daily as well as a project car. There have been times where the daily has broken down or needed a repair I can't complete in one day because it's a bigger job or I'm waiting on parts. In those situations it sure is nice to have the project car to drive to wo...
by fire5soon
Fri Jul 06, 2018 6:28 am
Forum: Personal Consumer Issues
Topic: Cane Toad Hell: Any Remedies?
Replies: 21
Views: 2036

Re: Cane Toad Hell: Any Remedies?

How good are you with a bb gun? Seriously.
by fire5soon
Wed Jul 04, 2018 1:05 pm
Forum: Personal Consumer Issues
Topic: Tire experts? Can I trust a patched tire?
Replies: 47
Views: 4493

Re: Tire experts? Can I trust a patched tire?

I've never patched a tire but have plugged several. Usually using the cheap plug kits which can be found for <$5 at Walmart. I've never had any problems with any of the plugs lasting for the rest of the life of the tire.
by fire5soon
Tue Jul 03, 2018 6:15 am
Forum: Personal Consumer Issues
Topic: Acura MDX compressor gone kaput
Replies: 5
Views: 586

Re: Acura MDX compressor gone kaput

Some cars run the a/c off a separate belt and others run the compressor off the main serpentine belt. If the compressor had seized then you would have already lost the belt. A compressor can stop working without always seizing. You can replace a compressor yourself. It's not the easiest DIY job in t...
by fire5soon
Wed Jun 27, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: Are we just way over complicating this?
Replies: 113
Views: 8311

Re: Are we just way over complicating this?

This may be a silly story, but I think it’s relevant to the discussion… I have what I think is a somewhat simple 5 fund allocation spread amongst several types of accounts/plans. It’s very easy for me to maintain. My wife however would have a very difficult time even rebalancing the classic 3 fund p...
by fire5soon
Tue Jun 19, 2018 2:06 pm
Forum: Personal Consumer Issues
Topic: gray hair
Replies: 130
Views: 10093

Re: gray hair

In my 20's and 30's I never worried about going gray and assumed that I'd never go bald. Fast forward a few years I started to thin out on top which was a total shock to me. Went to the doctor to make sure it wasn't due to an illness, but she confirmed it wasn't. I kept cutting it shorter and shorte...
by fire5soon
Sun Jun 17, 2018 7:36 pm
Forum: Personal Consumer Issues
Topic: Has Anyone Tried Youtube TV?
Replies: 55
Views: 7152

Re: Has Anyone Tried Youtube TV?

I tried it with a free trial and loved it. Problem is we have young kids and YouTube TV has no parental controls. I even spoke with their customer service folks who confirmed they have no parental controls at this time and could not say they ever would have them in the future. This one item alone ha...
by fire5soon
Fri Jun 15, 2018 11:48 am
Forum: Investing - Theory, News & General
Topic: Vanguard accounts
Replies: 11
Views: 1059

Re: Vanguard accounts

My plan is to purchase several CD's to keep them under the $500K FDIC cap. I assume that since this is a joint account each account holder is insured for $250K per CD. There is no FDIC insurance on any brokerage account, so it doesn't matter whether the account is joint. The CD's would have FDIC in...
by fire5soon
Tue May 29, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: 13-year old Civic. Replace, or keep sinking money into it?
Replies: 52
Views: 4835

Re: 13-year old Civic. Replace, or keep sinking money into it?

I would keep it but I do all my own maintenance and repairs. My daily is worth maybe $750 and needed a new a/c compressor last year. If I took it to a shop they would have charged me over $2k to replace. I did it myself for about $250. Sure, I spent 1/3 of the value of the vehicle on a repair, but I...
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: 6894

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: 2502

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: Personal Investments
Topic: MEC's instead of Bonds?
Replies: 18
Views: 1246

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: 1015

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: 488

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: 3518

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: Personal Investments
Topic: Is investing in the stock market just like investing in a house for appreciation?
Replies: 33
Views: 2063

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: 15664

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: 12558

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: 12558

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: 65
Views: 10888

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: 2170

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: 2170

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: 769

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: 19981

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: 19981

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 ...