Search found 334 matches

by Billionaire
Thu Sep 08, 2016 8:00 pm
Forum: Personal Consumer Issues
Topic: So being 40 is "old" in the high tech business?
Replies: 129
Views: 14610

Re: So being 40 is "old" in the high tech business?

I'll be 61 soon and work in IT. I would say I have a special niche in the field. My current plan is to retire in Jan. 2018, a couple of months after I turn 62. Between 2003 and 2006, my company laid off a lot of people. I survived. By laying off so many people, I think it put them in a position wher...
by Billionaire
Tue Sep 06, 2016 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice... Girlfriend and I are looking to buy our first home in Denver (super hot seller's market)
Replies: 80
Views: 7858

Re: Need Advice... Girlfriend and I are looking to buy our first home in Denver (super hot seller's market)

Determine if your salary of $60,000 in the Denver area for an IT manager is competitive. I'm in IT, not a manager and make a lot more than you.
by Billionaire
Wed Aug 31, 2016 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Resigning from a job: best practices and advice?
Replies: 111
Views: 16912

Re: Resigning from a job: best practices and advice?

Your boss should be the first person to know about your plans. Otherwise, you are burning bridges. I've never told anybody the name of the new company I am heading, until after I'm situated there. You don't want to give anybody the opportunity to rain on your parade by saying something such as "...
by Billionaire
Tue Aug 30, 2016 6:17 am
Forum: Personal Consumer Issues
Topic: What is your system for dealing with coins?
Replies: 123
Views: 12500

Re: What is your system for dealing with coins?

Last week I brought $213.00 of rolled coins to my local Capital One Bank. The teller, who I've dealt with before, seemed irritated that I didn't bring them to the coin machine at the supermarket and receive an Amazon gift card. Jeez. I like counting the coins, I find it relaxing.
by Billionaire
Sat Aug 27, 2016 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Optimal timing after death to liquidate estate?
Replies: 21
Views: 3159

Re: Optimal timing after death to liquidate estate?

It is usually considered improper for the personal representative or trustee to place the beneficiaries at risk by speculating on the market. He could be held personally liable for losses incurred without consent of the beneficiaries. I have always followed the practice of immediately liquidating t...
by Billionaire
Sat Aug 27, 2016 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for unemployed 64-year old broke friend
Replies: 87
Views: 15583

Re: Advice for unemployed 64-year old broke friend

I think the practical suggestion would be to start collecting SS now. If he owns a house sell it now. Move to LCOL area. Get a job doing anything. I don't know anybody who is in a similar situation, but I suspect a couple of people I know will be struggling throughout their retirement.
by Billionaire
Sat Aug 27, 2016 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Optimal timing after death to liquidate estate?
Replies: 21
Views: 3159

Re: Optimal timing after death to liquidate estate?

It is usually considered improper for the personal representative or trustee to place the beneficiaries at risk by speculating on the market. He could be held personally liable for losses incurred without consent of the beneficiaries. I have always followed the practice of immediately liquidating t...
by Billionaire
Sat Aug 27, 2016 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Optimal timing after death to liquidate estate?
Replies: 21
Views: 3159

Re: Optimal timing after death to liquidate estate?

When my father-in-law died, his stock and bond positions were divided by three and distributed to each child. The children took ownership of the stocks and bonds at the stepped up basis and are free to do as they please with their shares - sell or hold. I guess it "all comes out in the wash&quo...
by Billionaire
Mon Aug 22, 2016 7:00 pm
Forum: Personal Consumer Issues
Topic: What is your system for dealing with coins?
Replies: 123
Views: 12500

Re: What is your system for dealing with coins?

I have a unique slant on this. For many years, decades actually, I was a distance runner who picked up coins on area roads. It became somewhat of a competition with my running buddies and at the end of each year we counted our haul for comparison. I had a number of years with over $100 in coins so ...
by Billionaire
Sun Aug 21, 2016 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 59462

Re: Self-made Millionaires: how did hitting 7 figures change you?

Meanwhile, the cover story on this months issue of Money magazine is "How to Reach One Million Dollars".
by Billionaire
Sat Aug 20, 2016 5:29 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford a new car?
Replies: 69
Views: 7915

Re: Can I afford a new car?

103,000 miles on a Honda and you want to get rid of it. You did not get your money's worth of that vehicle. I've owned two Hondas. 183,000 and 197,000 miles respectively.
by Billionaire
Fri Aug 19, 2016 9:18 pm
Forum: Personal Consumer Issues
Topic: Western vacation questions
Replies: 40
Views: 3766

Re: Western vacation questions

Many years ago I went on a Backroads biking trip through the North Rim of the Grand Canyon, Zion National Park and Bryce Canyon. I flew into and out of Las Vegas, which was our meeting location. The North Rim is less touristy than the South Rim and Zion National Park is out of this world.
by Billionaire
Wed Aug 10, 2016 6:47 am
Forum: Personal Consumer Issues
Topic: Visiting Washington, DC
Replies: 27
Views: 3386

Re: Visiting Washington, DC

I live in Maryland and never get tired of the Newseum. You'll need to pay to enter.
For food you should try Jaleo (Spanish tapas) and/or Oyamel (Mexican), both owned by the world renowned Jose Andres. You may want to make reservations.
by Billionaire
Sun Aug 07, 2016 6:19 pm
Forum: Personal Consumer Issues
Topic: Car for teenage son
Replies: 61
Views: 7873

Re: Car for teenage son

I graduated high school in 1973. During that summer, my father sold me his 1967 Buick GS 400 for $700.00. I used the vehicle to commute to college. The lesson he was giving me didn't sink in until many years later.
by Billionaire
Sun Aug 07, 2016 4:15 pm
Forum: Personal Consumer Issues
Topic: Suckered into Marriott Kauai Timeshare Presentation
Replies: 100
Views: 22865

Re: Suckered into Marriott Kauai Timeshare Presentation

Decades ago I attended a timeshare presentation. When the sales person realized she wasn't going to convert me, she said something to the effect that "maybe our demographic information was incorrect", implying that I wasn't wealthy enough to afford it.
by Billionaire
Sun Aug 07, 2016 4:11 pm
Forum: Personal Investments
Topic: New to saving, how accessible is my money?
Replies: 18
Views: 2226

Re: New to saving, how accessible is my money?

Just a minor point, when I hear Roth IRA, I think of an investment account that is funded outside of your employment. A Roth 401K, would be an account funded with payroll deductions through your employment and that for tax purposes is treated like a Roth IRA. My company happens to offer a Roth 401k ...
by Billionaire
Tue Aug 02, 2016 6:17 am
Forum: Personal Consumer Issues
Topic: Timeshares, again
Replies: 57
Views: 7404

Re: Timeshares, again

In 1987, I attended a timeshare presentation, primarily to get a free gym bag. Did not buy into the timeshare, but I decided then and there, that I would never attend another presentation no matter what freebie was waved in front of me. I would categorize the couple of people I know who own timeshar...
by Billionaire
Sun Jul 31, 2016 11:50 am
Forum: Personal Consumer Issues
Topic: Looking to take first international trip
Replies: 43
Views: 5867

Re: Looking to take first international trip

I don't think you can go wrong with Paris or Rome. We were in Madrid a couple of years ago and absolutely loved it. As others suggested, for a one week trip I would stay in one city and maybe take a day trip. My wife has become an expert using TripAdvisor.com for information about hotels, food, etc....
by Billionaire
Sat Jul 30, 2016 7:30 am
Forum: Personal Consumer Issues
Topic: What is your plan if you lose job tomorrow ??
Replies: 73
Views: 10772

Re: What is your plan if you lose job tomorrow ??

..........I won't be surprised if I get a call asking for help. Not sure yet how I will respond. Happens all the time at my company. Somebody leaves (pick the reason) and before you know it they are rehired as a contractor. I just discovered one such person relocated from Maryland to Kansas. Still ...
by Billionaire
Sat Jul 30, 2016 7:25 am
Forum: Personal Consumer Issues
Topic: What is your plan if you lose job tomorrow ??
Replies: 73
Views: 10772

Re: What is your plan if you lose job tomorrow ??

1 1/2 years away from being able to collect SS, I think I could pull it off. I'd be tempted to launch a job search (IT) just to see the results. Maybe not. I'd be happy working in Whole Foods. I'd also be happy biking, playing guitar and cooking. There are some weird vibes at work right now, interes...
by Billionaire
Thu Jul 28, 2016 5:34 pm
Forum: Investing - Theory, News & General
Topic: Interesting Interaction with Edward Jones
Replies: 43
Views: 5827

Re: Interesting Interaction with Edward Jones

Yep, unless I'm expecting a visitor, I stopped answering my front door years ago. It's either a neighbor complaining about something or a solicitor.
by Billionaire
Mon Jul 25, 2016 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Who should my wife and I see, a Financial Advisor, planner, etc.
Replies: 38
Views: 3401

Re: Who should my wife and I see, a Financial Advisor, planner, etc.

According to my Charles Schwab rep, they will do this for a non-client. He recently took all my assets, liabilities, etc and entered them into a "program" that generated a 30 year forecast to what my retirement would look like.
by Billionaire
Fri Jul 22, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Person Died, RMD Not Paid
Replies: 17
Views: 2487

Re: Person Died, RMD Not Paid

In my experience, the IRA gets converted into a Decedent IRA under your wife's name. In the first year, the RMD is made to your wife, based on the deceased persons life expectancy. Subsequent years, the RMD is made based on your wife's life expectancy.
by Billionaire
Sun Jul 17, 2016 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Too much house???
Replies: 58
Views: 8253

Re: Too much house???

Here and now, on my bended knee, I would like to propose marriage to your friend. I will clean, cook, balance the checkbook and perform any other tasks she requests. Please inform her of my proposal.
by Billionaire
Sun Jul 17, 2016 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Boss cutting salary in response to employee not doing "job"
Replies: 78
Views: 13945

Re: Boss cutting salary in response to employee not doing "job"

The boss needs to hire a true personal assistant, who works out of the bosses house. Disgusting what some people expect of company employees.
by Billionaire
Sun Jul 10, 2016 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Ally or Capital One 360 online savings account?
Replies: 47
Views: 12142

Re: Ally or Capital One 360 online savings account?

Since I had some other accounts at Capital One, I decided to open a Capital One 360 savings account. I did this about one month ago. I consolidated various cash balances into the 360 account. So far so good.
by Billionaire
Sat Jul 09, 2016 6:40 pm
Forum: Personal Consumer Issues
Topic: Things to do in Corolla, NC (Outer Banks)
Replies: 41
Views: 4287

Re: Things to do in Corolla, NC (Outer Banks)

Not sure if anybody mentioned the Wright Brothers Museum in Kitty Hawk. I think it's a bit of a drive, but there is also a light house south of Corolla.
To avoid traffic, the next time we go, we will drive down the prior day and spend a night in a hotel within close proximity of the bridge.
by Billionaire
Mon Jul 04, 2016 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: When your work schedule starts affecting your work-life balance
Replies: 148
Views: 18430

Re: When your work schedule starts affecting your work-life balance

I haven't read all the response, but since I work in IT, I thought I'd add a couple of thoughts. The management/your boss are a bunch of weenies for not getting involved. Depending on the pay grades, certain IT staff should get on-call premiums for being available 24-7. At my company the on-call pre...
by Billionaire
Sun Jul 03, 2016 6:27 am
Forum: Personal Consumer Issues
Topic: What do you spend your money on???
Replies: 149
Views: 24393

Re: What do you spend your money on???

Guitar related items. I just bought a new guitar strap. It was only about $40.00 and I already have a couple, but just wanted one that looked cooler. I'm toying with the idea of buying a new amp for my acoustic guitar that runs on batteries. Then I would have two amps. Need to determine if it's real...
by Billionaire
Sat Jul 02, 2016 2:02 pm
Forum: Personal Investments
Topic: Recommend an Independent Financial Advisor, please? [fee-only]
Replies: 24
Views: 2712

Re: Recommend an Independent Financial Advisor, please? [fee-only]

I've been a Schwab client since 1990. I am assigned to an advisor at my local branch, but I am enrolled in their SIP program, so there no real recommendations they can make. What he recently did for me was to provide a report based on my current age, spending habits and financial worth. The resultin...
by Billionaire
Sat Jul 02, 2016 9:53 am
Forum: Personal Investments
Topic: How to take distribution of stocks from a Roth IRA?
Replies: 17
Views: 1244

Re: How to take distribution of stocks from a Roth IRA?

I would sell the stock in the TD Ameritrade Roth account and then rollover the $$ to the VG Roth account. As someone else suggested, find another means of obtaining $300.00, having the money growing tax free is where you want to be.
by Billionaire
Sat Jul 02, 2016 7:17 am
Forum: Personal Investments
Topic: How to take distribution of stocks from a Roth IRA?
Replies: 17
Views: 1244

Re: How to take distribution of stocks from a Roth IRA?

I think your question is a bit confusing. If I take it at face value ,"How to take distribution of stocks from a Roth IRA?", I would have to ask why would you want to do that? Sell the stock in the Roth IRA and then take a tax-free distribution from the Roth IRA for however much you want (...
by Billionaire
Tue Jun 28, 2016 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with a large bonus
Replies: 25
Views: 3948

Re: Need help with a large bonus

furnace wrote:
Take $190k to a Vegas casino. If you win, that is your tax payment. If you lose, you get a tax deduction :mrgreen:
Wrong. Gambling losses are only deductible up to the amount of winnings.
by Billionaire
Sat Jun 18, 2016 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for Mothers assisted living- gift tax, other issues?
Replies: 11
Views: 2066

Re: Paying for Mothers assisted living- gift tax, other issues?

LarryAllen wrote:Hire an elder law specialist.
This.

I'll add, she may eligible for VA benefits, if she or her spouse served.
by Billionaire
Mon May 30, 2016 6:02 pm
Forum: Personal Consumer Issues
Topic: Moving to North Carolina from NYC
Replies: 99
Views: 16056

Re: Moving to North Caolina from NYC

Consider the political makeup of the whole state.
by Billionaire
Sat Apr 23, 2016 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Trust - Am I being Bamboozled?
Replies: 50
Views: 9116

Re: Irrevocable Trust - Am I being Bamboozled?

I would find an attorney who specialized in elder care law. I'm not an expert, but I think it may be too late to set up an irrevocable trust. Your mother is already in an assisted living/dementia care facility. When applying for VA benefits under your mothers conditions, it takes a LOOOOONGGGG time ...
by Billionaire
Thu Apr 21, 2016 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot Pay Huge Tax Burden
Replies: 107
Views: 12578

Re: Cannot Pay Huge Tax Burden

SImple, the OP should help him repay the loan on schedule.
by Billionaire
Tue Apr 19, 2016 6:14 am
Forum: Personal Finance (Not Investing)
Topic: HELP! HR Doesn't Believe in Index Funds for 401k
Replies: 64
Views: 8082

Re: HELP! HR Doesn't Believe in Index Funds for 401k

I work extensively with the HR department at my company. Even if I didn't, I've learned they are not to be trusted.
by Billionaire
Sat Apr 16, 2016 6:08 am
Forum: Personal Finance (Not Investing)
Topic: Can I subtract UNsold ESPPs from my ordinary income?
Replies: 14
Views: 1492

Re: Can I subtract UNsold ESPPs from my ordinary income?

If by ESPP grants, you mean the stock was given to you, then I would say it's taxable in the year received. If you are buying ESPP shares via payroll deductions, then I would say your company made a mistake on your W-2. At my company it's not included in my W-2 until I sell the stock. (Which I happe...
by Billionaire
Sun Apr 10, 2016 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Help with tax return/W4
Replies: 10
Views: 952

Re: Help with tax return/W4

I use Turbo Tax to file. At a certain point during the year, usually after the end of a quarter, I create an estimated tax return for the current year. I extend out all the income, tax withholdings and deductions as best I can for the year. Then I adjust my W-4 accordingly. Of course, tax laws chang...
by Billionaire
Sat Nov 07, 2015 1:32 am
Forum: Personal Investments
Topic: [How long does is take for 401K payments to show up?]
Replies: 74
Views: 16484

Re: 401K Balance is ZERO!

I work for a company of approx. 4500 people. My 401K contributions are in my account on payday.
To the OP, do you get a pay stub on payday? Didn't you realize your contributions were not getting deducted? Bizarre company. One person out of 90 contributing to a 401K. Doesn't make sense.
by Billionaire
Sat May 30, 2015 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Ethics over income?
Replies: 23
Views: 4462

Re: Ethics over income?

Care to share with us the unethical decisions. My boss is a bigot, sexist, has bad eyesight, has bad hearing, doesn't have the ability to read an email with more than one sentence, always needs to have the last word and is a bad driver. I continue to work for him.
by Billionaire
Sat May 30, 2015 5:07 am
Forum: Personal Finance (Not Investing)
Topic: Can my husband retire yet?
Replies: 112
Views: 27814

Re: Can my husband retire yet?

My husband inheritance finally came through. He will receive it mid December of this year. This windfall will bring the portfolio to about 700K. After months of searching for job, we decide that he is just going to retire for good. He is 54 year old. I am working and bringing home 90K a year. I don...
by Billionaire
Wed May 13, 2015 6:48 pm
Forum: Personal Consumer Issues
Topic: Should I buy a lighter bicycle or lose body weight?
Replies: 53
Views: 8798

Re: Should I buy a lighter bicycle or lose body weight?

Only 50 miles per week. Keep your 2008 bike. Don't get me wrong, that's a decent number of miles. If you are going to upgrade your bike, get committed to greatly upping your weekly mileage.
Only $1800.00 for a carbon fiber bike? What is it?
by Billionaire
Fri May 01, 2015 8:43 pm
Forum: Personal Consumer Issues
Topic: Things to do in Maui
Replies: 20
Views: 5529

Re: Things to do in Maui

The road to Hana is a full day excursion. I wouldn't do it on a four day trip. We turned around after about traveling 3/4's of it. George Harrison lived somewhere towards the end of it. We stayed at the pricey Kai Lani and a very affordable motel. The motel was right on the water and we could watch ...
by Billionaire
Thu Apr 09, 2015 7:36 pm
Forum: Personal Investments
Topic: Need Help Picking A Broker
Replies: 58
Views: 5829

Re: Need Help Picking A Broker

I talked to a Schwab franchisee. He is the one who told me about the Schwab Intelligent Portfolio. I like him a lot. If I go with him, he will get me set up with the Schwab Intelligent Portfolio and act as the continuing interface. He is also within driving distance. My sense is that you can always...
by Billionaire
Sun Apr 05, 2015 7:18 pm
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 439
Views: 118439

Re: Schwab Intelligent Portfolios [now live]

TurboTax import. Yeah - I've been doing that for awhile now.... just wondering how convoluted all the SIP tracking will become.. Convoluted? It will be no different than receiving a 1099 from another financial institution for a taxable account in which you earned interest, dividends, capital gains,...
by Billionaire
Mon Mar 30, 2015 4:42 am
Forum: Personal Consumer Issues
Topic: Best albums of 2015
Replies: 124
Views: 33352

Re: Best albums of 2015

Spotify just released a remastered Physical Graffiti. I have never been a fan of Zeppelin but will give it a listen. (in the 70s, I was more of a Clash, Elvis Costello, Sex Pistols listener...) I just finished listening to Physical Graffiti. I am still not a fan. Me neither. They had a lot going fo...
by Billionaire
Sat Mar 28, 2015 11:48 am
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 439
Views: 118439

Re: Schwab Intelligent Portfolios [now live]

Are they buying fractional shares of the ETFs? No. Schwab only purchases fractional ETF shares as part of dividend reinvestment. In SIP, I'm not sure whether ETF dividends are automatically reinvested, or simply added to the cash allocation. The SIP ETF dividends are not directly reinvested. They a...
by Billionaire
Sat Mar 28, 2015 11:46 am
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 439
Views: 118439

Re: Schwab Intelligent Portfolios [now live]

tc101 wrote:Schwab has a terrible history of bait and switch.
Please educate us all….