Search found 7899 matches

by cheese_breath
Sun Oct 16, 2011 8:37 am
Forum: Personal Consumer Issues
Topic: Saying goodbye to my 35 year old refridgerator
Replies: 26
Views: 2269

Re: Saying goodbye to my 35 year old refridgerator

No fooling, 35 years. They don't make them like that anymore, I'm sure. Merry Christmas to me. :roll: Refridgerators seem to last forever. I'm 70 years old and have only had 3 of them my entire adult life. And I still have 2. Our good one is 12 years old and purring like a top. The basement refridg...
by cheese_breath
Sun Oct 16, 2011 6:32 am
Forum: Investing - Help with Personal Investments
Topic: Is TIAA-CREF a grab-bag retirement choice?
Replies: 18
Views: 5233

Alas, I’ve learned about these things rather late (in my middle 60s) in order to begin the 10-year transfer out process that TIAA requires. But, even so, I’m thinking seriously of doing this, and am considering dipping into each one-tenth payout to add to income (although I’d certainly rather not u...
by cheese_breath
Sat Oct 15, 2011 11:50 pm
Forum: Investing - Theory, News & General
Topic: How are you doing YTD?
Replies: 68
Views: 5170

If I count the amount I had to withdraw to meet living expenses I'm just about even.
by cheese_breath
Sat Oct 15, 2011 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Poll: What percent of your investable assets are in Roths?
Replies: 57
Views: 4183

Age 70, 30-35% in Roths. My Roth IRAs are all stock funds so the percentage varies depending on how the market is doing. Been gradually converting IRAs to Roth IRAs little by little each year but never going above the 15% tax bracket. My intend is to have moved enough out of my traditional IRAs to k...
by cheese_breath
Sat Oct 15, 2011 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: Is TIAA-CREF a grab-bag retirement choice?
Replies: 18
Views: 5233

Thanks to all who have posted replies. Much appreciated, and some are helpful. Great forum! Cheese-Breath: Like you have done, I’m thinking of rolling my TIAA-CREF accumulation over into an IRA, which I’m permitted to do. Could you share some of the logic and reasons why you decided to do this? If ...
by cheese_breath
Sat Oct 15, 2011 10:12 pm
Forum: Personal Consumer Issues
Topic: What is the best,cheap washer & gas dryer ?
Replies: 25
Views: 2485

wjwhitney wrote:
cheese_breath wrote:I just made some appliance purchases, and the salesman told me they don't carry any Frigidaire products because of their poor quality.
Reminds me of the old joke:

(Q) How can you tell when a salesman is lying?
(A) His lips are moving.
OK you guys. I give up. You win. :cry:
by cheese_breath
Sat Oct 15, 2011 12:00 am
Forum: Personal Consumer Issues
Topic: What is the best,cheap washer & gas dryer ?
Replies: 25
Views: 2485

I just made some appliance purchases, and the salesman told me they don't carry any Frigidaire products because of their poor quality. Yeah, really...we have a Frigidaire refrigerator in continuous use since 1976. It's a double door and that was purchased during the GM ownership of the company. I'm...
by cheese_breath
Fri Oct 14, 2011 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Is TIAA-CREF a grab-bag retirement choice?
Replies: 18
Views: 5233

I rolled my TIAA-CREF funds over to an IRA so I'm not that acquainted with their annuities. But I do recall something about variable annuity payments being reset each year based on the performance of the investments in the annuity the previous year. As far as changing rates on a dime, I know that in...
by cheese_breath
Fri Oct 14, 2011 11:08 pm
Forum: Investing - Theory, News & General
Topic: Employee Stock Purchase Plan
Replies: 4
Views: 693

If there's no waiting period then I would buy it and sell it immediately. Where else can you get a 25% return on your investment? But if there is a waiting period how long is it? And how much can you afford to lose if Pier 1 goes belly up before the redemption period? Even though it's only a part ti...
by cheese_breath
Fri Oct 14, 2011 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: When to start pension payments?
Replies: 8
Views: 1782

Several things: 1) As I said earlier, there's probably a subsidy for early retirement -- which would mean there's a benefit to you to commence early (presuming you're already leaving the job early). You'd need to check with the administrator, SPD, or plan document. Might also check to see if the su...
by cheese_breath
Fri Oct 14, 2011 10:33 pm
Forum: Personal Consumer Issues
Topic: What is the best,cheap washer & gas dryer ?
Replies: 25
Views: 2485

I just made some appliance purchases, and the salesman told me they don't carry any Frigidaire products because of their poor quality. Salesmen will always diss the competition. I don't think there is really any truth to that. Their refrigerators in particular are fine. They did invent them. In Fre...
by cheese_breath
Fri Oct 14, 2011 6:03 pm
Forum: Personal Consumer Issues
Topic: What is the best,cheap washer & gas dryer ?
Replies: 25
Views: 2485

I just made some appliance purchases, and the salesman told me they don't carry any Frigidaire products because of their poor quality.
by cheese_breath
Fri Oct 14, 2011 12:40 pm
Forum: Personal Consumer Issues
Topic: When To Replace A/C & Furnace?
Replies: 27
Views: 2331

Ok, actually I made a mistake (so did the representative). The audit is $99 so that's good. But you get reimbursed 50% of the cost up to $1250. The rep on the phone made it seem like they handled the 1st $1250..which didn't seem right. "Cost up to $1250''... Does this refer to cost of the units.. i...
by cheese_breath
Fri Oct 14, 2011 12:35 pm
Forum: Personal Consumer Issues
Topic: When To Replace A/C & Furnace?
Replies: 27
Views: 2331

Not to hijack the original thread. But does it really make a lot of difference between 2 speed AC and 1 speed AC. I have two quotes with $700 difference between a 17 SEER 2-speed AC and 16 SEER 1-speed AC, with same 95% AFUE furnace and coil. I am leaning towards the 2-speed, although I get the fee...
by cheese_breath
Fri Oct 14, 2011 10:15 am
Forum: Personal Consumer Issues
Topic: When To Replace A/C & Furnace?
Replies: 27
Views: 2331

A/C is one area where 'bigger is better' is actually worse. The oversized unit starts and shuts off more often than a properly sized unit. Besides contributing to condensation and mold buildup as mentioned above, this is also harder on the unit and results in greater temperature fluctuations. The pr...
by cheese_breath
Fri Oct 14, 2011 9:34 am
Forum: Personal Consumer Issues
Topic: When To Replace A/C & Furnace?
Replies: 27
Views: 2331

HVAC equipment is a lot more efficient than it used to be. I replaced our 25 year old furnace and A/C with high efficiency models in 2009, and the gas and electric savings are close to 50%. (95% furnace, 15 SEER A/C) You say you intend to stay in the house until you're old. Can we assume that's more...
by cheese_breath
Fri Oct 14, 2011 9:03 am
Forum: Personal Consumer Issues
Topic: Another car thread, paying cash and getting 'ahead'
Replies: 10
Views: 1254

Re: Another car thread, paying cash and getting 'ahead'

This leads to my question...how does one sort of 'get ahead' in this situation??? I admit I'm not too bright, and there will probably be better answers than mine. But to me it seems the obvious way to 'get ahead' is to save more. Either reduce what you are spending in other areas or get more income...
by cheese_breath
Fri Oct 14, 2011 8:13 am
Forum: Personal Consumer Issues
Topic: Creative financing for public amenities
Replies: 1
Views: 367

This isn't unique to Kansas City. I've seen it where I live too, and I suspect it's common across the country. I especially like the engraved bricks one can donate for brick walkways. You can honor someone for a long time with a brick because bricks almost last forever.
by cheese_breath
Fri Oct 14, 2011 7:25 am
Forum: Personal Finance (Not Investing)
Topic: When to start pension payments?
Replies: 8
Views: 1782

You didn't say how much the pension would increase between ages 58 and 65, but I would ask myself which way can I earn a better return? Leave the pension alone until age 65 so the annuity payments will be higher? Or take the pension now and put the payments into other investments? Another question t...
by cheese_breath
Thu Oct 13, 2011 9:00 am
Forum: Investing - Help with Personal Investments
Topic: What do do with 403(b) from old job?
Replies: 13
Views: 1320

Are you able to roll it over? TIAA-Cref won't let me roll my 401(a) over... been stuck there 17 years since I left that job and will be until I retire. :x Not to thread jack, but how can they not let you roll it over? Your employer, not the financial institution where your 401 is held, sets the rul...
by cheese_breath
Thu Oct 13, 2011 7:07 am
Forum: Investing - Help with Personal Investments
Topic: I would appreciate some retirement advice
Replies: 7
Views: 1067

Also, there may be only a certain amount of time you have to make the decision to take direct or take in a tax deferred plan Good point. You don't want to make any rash decisions that may cost you big bucks if you are rushed. If you must choose soon you might want to do a quick check on your bank o...
by cheese_breath
Mon Oct 10, 2011 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on reverse mortgage for widowed, senior MIL
Replies: 8
Views: 1034

it is my understanding that the magic of compound interest works against you on a reverse mortgage. not only do you owe the amount borrowed, you also have interest accruing that is due upon settlement. you need to explore all the costs that go with the loan. my three cents I believe you're right. A...
by cheese_breath
Mon Oct 10, 2011 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Sell or rent my condo
Replies: 9
Views: 1756

Will your condo association allow you to rent it?
by cheese_breath
Mon Oct 10, 2011 9:15 am
Forum: Investing - Theory, News & General
Topic: Too Much Tax-Deferred Savings?
Replies: 29
Views: 3916

To respond to the conversation in the middle of the thread, dividends within a 401k are tax-free, forever! Dividends are phantom income if you re-invest them. Imagine you had $100k in a 401k and it paid a 2% dividend. That's $2k of a dividend paid. The stocks drop to $98k on the same day that the d...
by cheese_breath
Sun Oct 09, 2011 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on reverse mortgage for widowed, senior MIL
Replies: 8
Views: 1034

George849 wrote: Also, her health is poor, and she is unwilling to move at this point.
If her health is poor she might be forced to move for health reasons sometime in the future. At that time the entire loan must be repaid.
by cheese_breath
Sun Oct 09, 2011 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Is AAA Membership Worth it?
Replies: 148
Views: 34792

Long time AAA member.... two cars, home and term life policy. I haven't checked the competition lately, but a few years ago I got a quote on AARP auto insurance (Hartford). Their quote for six months was almost as much as I was paying for the entire year.
by cheese_breath
Sat Oct 08, 2011 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: What do you like about your financial planner?
Replies: 34
Views: 3542

investor wrote:" .....You never, ever do business with family or friends; as you will lose your friends and can't get rid of your family. In this case, it's the best compromise....."


+1 (or neighbors)

investor
Or people from your church. When it comes to money there's no guarantees of anyone's integrity.
by cheese_breath
Sat Oct 08, 2011 8:41 am
Forum: Investing - Theory, News & General
Topic: Too Much Tax-Deferred Savings?
Replies: 29
Views: 3916

I think whether you expect to be in a higher or lower tax bracket when you retire would influence your investing philosophy. I doubt many of us would expect to be in a higher bracket, but I wouldn't discount the possibility out of hand. I would want to pay my taxes at the lowest rate possible. I als...
by cheese_breath
Fri Oct 07, 2011 12:34 pm
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 26922

TRC wrote:We have our financial house in order, so I like to have nice cars. We buy new and pay cash for them.
I like the idea of paying cash. I do the same, and then make monthly payments to myself so I will have enough to pay cash for the next car.
by cheese_breath
Fri Oct 07, 2011 8:12 am
Forum: Investing - Help with Personal Investments
Topic: Investing in Gold
Replies: 58
Views: 9415

If she's interested in gold she should buy a nice neckless or bracelet for herself. That way if ( when? ) gold prices tank she will still have something she can enjoy.
by cheese_breath
Fri Oct 07, 2011 12:00 am
Forum: Personal Finance (Not Investing)
Topic: How to get a wife interested in personal finance
Replies: 61
Views: 6816

Tell her you blew the family's savings at the race track on wine, women and song. She'll get interested real fast. :wink:
by cheese_breath
Thu Oct 06, 2011 11:48 pm
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 26922

I prefer to buy new cars and drive 15+ years. Eons ago when I was growing up I learned buying a used car was just buying someone elses problem. That was a long time ago, and used cars are a lot better now than they were then. But that always stuck with me. So I always buy new cars and keep them unt...
by cheese_breath
Thu Oct 06, 2011 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Discover Card--now no foreign exchange fee
Replies: 4
Views: 2215

Re: Discover Card--now no foreign exchange fee

Do you get a discount (or additional value) on amazon purchases by using your cash back bonus? If not, what is the advantage over simply crediting the cash back bonus to you discover card balance? (effectively paying for all purchases including amazon). I just checked the Discover site, and it says...
by cheese_breath
Wed Oct 05, 2011 10:36 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Gold
Replies: 58
Views: 9415

In the current environment, considering how much the price of gold has already run up, I don't consider it investing. I consider it speculating. But that's just my opinion for what it's worth.
by cheese_breath
Wed Oct 05, 2011 5:16 pm
Forum: Personal Consumer Issues
Topic: Ebay versus Negotiating Behind the Scenes
Replies: 18
Views: 2046

Re: Ebay versus Negotiating Behind the Scenes

I am new to Ebay. I made my first sale recently but my buying experience has been frustrating. I have lost two auctions at the last minute. Why would anyone want to do this when they can negotiate with any seller of a product and usually get a lower price. Because if you do this while the item is s...
by cheese_breath
Wed Oct 05, 2011 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Question about combining finances with fiancee
Replies: 21
Views: 2775

Get married first, then combine your finances. Questions of morality aside, I believe the laws for wealth distribution are clearer in cases of death or separation for married people than cohabiting singles.
by cheese_breath
Wed Oct 05, 2011 5:03 pm
Forum: Personal Consumer Issues
Topic: Ebay versus Negotiating Behind the Scenes
Replies: 18
Views: 2046

Re: Ebay versus Negotiating Behind the Scenes

I am new to Ebay. I made my first sale recently but my buying experience has been frustrating. I have lost two auctions at the last minute. Why would anyone want to do this when they can negotiate with any seller of a product and usually get a lower price. Because if you do this while the item is s...
by cheese_breath
Wed Oct 05, 2011 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Conversion
Replies: 7
Views: 1062

I have been converting my IRAs into Roth IRAs little by little since 1998. I only convert as much as I can each year without going over the 15% tax bracket. I don't intend to ever convert them all, just enough from keeping the RMD from pushing me into a higher tax bracket. So far, so good. I took my...
by cheese_breath
Wed Oct 05, 2011 3:56 pm
Forum: Personal Consumer Issues
Topic: Do companies intentionally hire idiots for customer service?
Replies: 36
Views: 4982

... they'll catch all the flak, even when the real problem is behind the scenes... I always try to be aware of this when I call. Usually the first thing I say is something like, "I know this is not your fault, and you're the one who has to take all the abuse." Then I try to describe my problem in a...
by cheese_breath
Wed Oct 05, 2011 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do my own taxes?
Replies: 28
Views: 3683

With an online program, only one version of the program needs to be developed and maintained, rather than one version for each type of computer/operating system. I suspect that most developers are only interested in Windows and Mac operating systems. I can't speak for the Mac, but programs develope...
by cheese_breath
Wed Oct 05, 2011 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: What do you like about your financial planner?
Replies: 34
Views: 3542

mptfan wrote:Just FYI, "see you and raise you" is technically incorrect
Like "over and out" in the old war movies? "Over" means you are allowing the other person to speak. "Out" means you are ending the conversation. So if you are "out" you can't be "over". :shock:
by cheese_breath
Wed Oct 05, 2011 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: What do you like about your financial planner?
Replies: 34
Views: 3542

VictoriaF wrote:I am my own financial planner and I like her a lot. She is smart, diligent, and minds my best interests.
I bet she's beautiful too. :lol:
by cheese_breath
Wed Oct 05, 2011 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do my own taxes?
Replies: 28
Views: 3683

Maybe I'm wrong, but isn't TaxAct an on-line package? I prefer to do my taxes locally on my pc rather than put my financial info on-line. I know it's already out there in many places, but why add another one? Just one more place for a hacker to tap into it.
by cheese_breath
Wed Oct 05, 2011 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: What do you like about your financial planner?
Replies: 34
Views: 3542

My early retirement package included a couple complementary visits to a financial planner. He actually gave me some pretty good advice, and I was almost ready to sign up with him. But first I wanted some recommendations, so I asked him... twice. I never received the recommendations, and he never rec...
by cheese_breath
Wed Oct 05, 2011 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Let me know when you throw in the towel
Replies: 43
Views: 5399

No mas? No way. I just moved another $80,000 into an equity index fund today. I conceed it will probably go down more before it goes back up, but I'm looking at in 2, 3, 4 (?) years it should return a handsome profit. Better to get in now and wait for it to bottom out than try to time the market an...
by cheese_breath
Wed Oct 05, 2011 10:27 am
Forum: Personal Consumer Issues
Topic: How to protect yourself from the dry cleaner?
Replies: 13
Views: 1872

Did you pay in advance? I only go to dry cleaners where I don't pay until I pick up the cleaned garments.... But isn't the real conern the value of the jacket you might lose? The cleaning bill you paid, whether cash or credit, is probably peanuts compared to that.
by cheese_breath
Wed Oct 05, 2011 10:01 am
Forum: Investing - Help with Personal Investments
Topic: "Income for Life" Plan - Comments Please
Replies: 10
Views: 1437

I agree with the other posters. The idea is good, but why pay someone to do something you can do yourself? And I'm not sure you need six buckets. TSM index and TBM index funds should cover five of their buckets although the percentages may be different. And fixed annuities seems like an expensive wa...
by cheese_breath
Wed Oct 05, 2011 7:34 am
Forum: Personal Consumer Issues
Topic: How to protect yourself from the dry cleaner?
Replies: 13
Views: 1872

Are you saying he lost the jacket or just hasn't cleaned it yet? If he lost it you can go to small claims court, but even if you win collecting could be a problem. But if you do win and he doesn't pay, I think you could put a lein on his business which might cause him problems down the road. (Doesn'...
by cheese_breath
Wed Oct 05, 2011 6:37 am
Forum: Investing - Help with Personal Investments
Topic: Let me know when you throw in the towel
Replies: 43
Views: 5399

No mas? No way. I just moved another $80,000 into an equity index fund today. I conceed it will probably go down more before it goes back up, but I'm looking at in 2, 3, 4 (?) years it should return a handsome profit. Better to get in now and wait for it to bottom out than try to time the market an...
by cheese_breath
Tue Oct 04, 2011 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Let me know when you throw in the towel
Replies: 43
Views: 5399

No mas? No way. I just moved another $80,000 into an equity index fund today. I conceed it will probably go down more before it goes back up, but I'm looking at in 2, 3, 4 (?) years it should return a handsome profit. Better to get in now and wait for it to bottom out than try to time the market and...