Search found 287 matches

by sixty40
Fri Sep 01, 2017 11:02 am
Forum: Personal Investments
Topic: Question about Vanguard REIT ETF (Symbol VNQ)
Replies: 7
Views: 1488

Re: Question about Vanguard REIT ETF (Symbol VNQ)

A question for anyone who owns VNQ: I am thinking about buy some shares of VNQ so I can have some real estate exposure in my taxable account. Is there anything about this ETF that complicates your personal taxes? I knew someone who owned securities of "Partnerships". He had to wait until late March...
by sixty40
Mon Aug 28, 2017 7:54 pm
Forum: Investing - Theory, News & General
Topic: Can't reinvest Municipal MMF dividends?
Replies: 10
Views: 1810

Re: Can't reinvest Municipal MMF dividends?

I have the CA Muni MMF and is has 4 options for dividends and cap gains; Reinvest, Transfer to a Bank Acct, Transfer to a Vanguard Fund, and Mail by Check. I would imagine the Muni MMF would be the same. Which option did they pick for you? Since it is pegged to $1/sh there should be not much to it. ...
by sixty40
Sat Aug 26, 2017 3:26 pm
Forum: Personal Consumer Issues
Topic: Is this a poor decision? [Trade-in pickup truck for Subaru Forester]
Replies: 16
Views: 2739

Re: Is this a poor decision?

Comparing the cost of ownership per year and for 4 yrs. Assume 10,000 miles per yr for work (40 miles x 5 days x 50 weeks/yr) and gas at $3.00/gal. Assume maintenance & insurance the same for both cars. Tacoma per yr = ($330x12)+(10000mi/18mpg)x$3/gal = $5627/yr. After 2nd yr, gas only = $1667/yr. S...
by sixty40
Wed Aug 23, 2017 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 24005

Re: What should the savings be for an average professional

In the Millionaire Next Door, author Stanley says something like this: (age x income) / 10 = expected net worth Wow, that comes out to 504K with the numbers I had in my post ( 120K * 42 /10) assuming a person starts working at 22. So my rough approximation is not totally off base then. Also from Th...
by sixty40
Tue Aug 22, 2017 11:08 am
Forum: Personal Consumer Issues
Topic: Returning / Exchanging purchased items ?
Replies: 24
Views: 2465

Re: Returning / Exchanging purchased items ?

I think it depends on the type of person "you" are. I know some some people who have told me that when they go to Hawaii, they buy lounge chairs and stuff at Costco, when they are done with their trip they return them and get their money back. I have talked to them about it and they do not see anyth...
by sixty40
Thu Aug 17, 2017 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Kitchen Remodel Price/Contractor Dispute
Replies: 37
Views: 5264

Re: Kitchen Remodel Price/Contractor Dispute

I agree with the earlier post by the contractor WJW and others who say just have to bite the bullet and pay it. Principal aside, the contractor can put a lien on your property which would probably take much more aggravation to clear up. Although I am not a contractor, I am on the design side, almost...
by sixty40
Sun May 14, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: How Old Habits Can Sabotage Retirement
Replies: 51
Views: 10472

Re: How Old Habits Can Sabotage Retirement

I just cannot agree with others who say one needs to spend money for fullfillment, I do not mean to put words in anyone's mouth. Yes I agree that extremes can be bad but I do not to feel it does harm. If the enjoyment is in the pursuit, I do not see a problem. I inherently save, I did not need to ha...
by sixty40
Sun May 14, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 13365

Re: Was there a $$$ number after which things got easier?

For me it was when a decent days stock market movement was equivalent or more than what our family would spend for one month's expenses. I consider a 1-1.5% move in the market a fairly decent event. So at $1.0M, 1% movement is $10k-$15k, which is a more than we spend each month in living expenses. A...
by sixty40
Sun May 14, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: How Old Habits Can Sabotage Retirement
Replies: 51
Views: 10472

Re: How Old Habits Can Sabotage Retirement

Is saving money your whole life and not really ever spending much of it a bad thing? What if the enjoyment is in the saving, and the pain is in the spending? Every so often there are articles of people who has accumulated vast wealth relative to their lifetime income, and when they pass at an old ag...
by sixty40
Fri May 05, 2017 4:33 am
Forum: Personal Finance (Not Investing)
Topic: calculating work related mileage as an employee
Replies: 10
Views: 1687

Re: calculating work related mileage as an employee

The work related mileage would be 12 miles, the entire portion since it is not your normal commute. This is what we pay our employee when we have her go to the bank on her way home. And we also have her leave earlier so it is under her work hours. Your boss, in a sense, is taking advantage of you fo...
by sixty40
Tue Apr 25, 2017 10:14 pm
Forum: Personal Investments
Topic: $1m capital gains, worth it to simplify and index?
Replies: 46
Views: 6367

Re: $1m capital gains, worth it to simplify and index?

I have a couple of funds that I have owned for a long time and although they have done fairly well, they distribute a lot in cap gains and dividends, some years in the 7% to 10% range, and I just want to limit my tax bill. What I have done is stopped reinvesting the dividends and cap gains and just ...
by sixty40
Thu Mar 23, 2017 6:50 pm
Forum: Personal Consumer Issues
Topic: Small appliance electrical safety
Replies: 37
Views: 8875

Re: Small appliance electrical safety

..., the electrical code recommends (maybe mandates - I'm not a code expert) that no single device on a circuit be designed to draw more than 75~80% of the max theoretical capacity. Therefore the highest power consumer devices you will find that are rated for typical 15A 120V circuits are no more t...
by sixty40
Thu Mar 23, 2017 10:59 am
Forum: Personal Consumer Issues
Topic: Small appliance electrical safety
Replies: 37
Views: 8875

Re: Small appliance electrical safety

The output of 1000 W heats the food, the "rated power consumption" or input of 1450 W is the load is on the circuit. If you want to know how much heat goes into the food use a thermometer, a stop watch and a couple of liters of water. Specific heat capacity of water is 4200J/kg/K. This is useful to...
by sixty40
Thu Mar 23, 2017 12:21 am
Forum: Personal Consumer Issues
Topic: Small appliance electrical safety
Replies: 37
Views: 8875

Re: Small appliance electrical safety

1000 Watts is about 8.4 Amps at 120 Volts Note that a '1000W' microwave probably draws more than 1000W. For example, I just checked our microwave. On the front it prominently says '1250 Watts', but if you find the nameplate amperage/voltage, it actually draws 1524 watts. I suspect the 1250 is what ...
by sixty40
Wed Mar 22, 2017 11:20 pm
Forum: Personal Consumer Issues
Topic: Small appliance electrical safety
Replies: 37
Views: 8875

Re: Small appliance electrical safety

1000 Watts is about 8.4 Amps at 120 Volts Note that a '1000W' microwave probably draws more than 1000W. For example, I just checked our microwave. On the front it prominently says '1250 Watts', but if you find the nameplate amperage/voltage, it actually draws 1524 watts. I suspect the 1250 is what ...
by sixty40
Wed Mar 22, 2017 10:16 pm
Forum: Personal Consumer Issues
Topic: Small appliance electrical safety
Replies: 37
Views: 8875

Re: Small appliance electrical safety

I want to chime in just to make sure yo are not doing things against code. I am an EE and design this stuff. Most circuits in the kitchen are 20 Amps, but if your home is very old, it may be 15 Amps. Most homes built wihin the past 30 yrs will have a least (2) dedicated 20 Amp 120 Volt circuits for ...
by sixty40
Sat Mar 18, 2017 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Consultant, LLC, pricing?
Replies: 8
Views: 1057

Re: Consultant, LLC, pricing?

I would say others are correct, when there will be multiple similar tasks, people asking for a fee oftentimes would want a consistent number, like $5000/trip so they know how much it will cost beforehand. But the difficulty is that not all tasks/trips are the same, you can try averaging it but that ...
by sixty40
Tue Feb 07, 2017 6:42 pm
Forum: Personal Consumer Issues
Topic: Best if used by, sell by?
Replies: 26
Views: 3814

Re: Best if used by, sell by?

I just had a can of V8 with a date of 9/5/2010. I'll let you know if anything happens by tomorrow.
by sixty40
Sat Jan 28, 2017 10:03 am
Forum: Personal Investments
Topic: Humble brag finally got admiral shares in taxable account
Replies: 29
Views: 4737

Re: Humble brag finally got admiral shares in taxable account

Regardless, there is great truth in the first $10K, first $100K, first $1 M etc being the hardest so congratulations. I remember hitting 5, 6, and 7 figures. Wish I'd celebrated them more. That's when you break out the Johnnie Walker. Red for five figures, black for six, green for seven, blue for e...
by sixty40
Sat Jan 28, 2017 9:46 am
Forum: Personal Consumer Issues
Topic: Car Guy question
Replies: 61
Views: 8176

Re: Car Guy question

I agree with Sport, if you want low maintenance costs, buy a car with a good reputation for low maintenance. My friend has an old Mecedes that he likes a lot, and he drops what seems like a few thousand every so often to fix things. He says the cost is still less than buying another car. Things have...
by sixty40
Sat Jan 28, 2017 9:27 am
Forum: Personal Investments
Topic: Is this normal for a 403b?
Replies: 6
Views: 639

Re: Is this normal for a 403b?

I do the contributions for our company's 401k plan, maybe 403b is different, but I can tell you that we are required to make contributions to the plan within a reasonable period from the time of the deductions, and for us it is about 1-week. I just had to fill out our yearly form from our plan admin...
by sixty40
Sun Jan 15, 2017 1:12 pm
Forum: Personal Investments
Topic: Dollar-Cost-Average over HOW MANY years?
Replies: 61
Views: 5763

Re: Dollar-Cost-Average over HOW MANY years?

This discussion on LS vs DCA seems very similar to discussions on Asset Allocation (AA). Stocks will have higher returns in the long run yet many(most) have bonds to protect against volatility and downside. LS will get you (statistically) higher returns for any given DCA period, but DCA will give yo...
by sixty40
Sat Jan 14, 2017 1:14 pm
Forum: Personal Investments
Topic: Dollar-Cost-Average over HOW MANY years?
Replies: 61
Views: 5763

Re: Dollar-Cost-Average over HOW MANY years?

I am trying to figure out the persistence of the idea that DCA is somehow a strategy to an investor's advantage. I wonder if some of the posters that ask about this could give some background on how the idea has occurred to them -- was it something read about or something someone told them, or was ...
by sixty40
Sat Jan 14, 2017 10:52 am
Forum: Personal Investments
Topic: Dollar-Cost-Average over HOW MANY years?
Replies: 61
Views: 5763

Re: Dollar-Cost-Average over HOW MANY years?

I am trying to figure out the persistence of the idea that DCA is somehow a strategy to an investor's advantage. I wonder if some of the posters that ask about this could give some background on how the idea has occurred to them -- was it something read about or something someone told them, or was ...
by sixty40
Sat Dec 24, 2016 4:25 pm
Forum: Personal Consumer Issues
Topic: Should I Buy an IPhone 5S?
Replies: 36
Views: 4420

Re: Should I Buy an IPhone 5S?

Talk about cheap, I just bougt a used 5s from a friend for $50 a few months ago, and just got rid of my "dumb" phone. I use it on my Tracfone pay as you go plan, bought the 1 yr plan for about $100. Been working out great. I mainly just text, some calling, and mainly use wifi and sometimes data. It ...
by sixty40
Tue Nov 29, 2016 6:12 am
Forum: Investing - Theory, News & General
Topic: S Corp Accounting and procedures
Replies: 6
Views: 1362

Re: S Corp Accounting and procedures

We also have an S Corp, we keep our own books but use an accountant for taxes. Each dollar that comes in and out of the company has to be accounted for and itemized, and we keep a ledger which indicates; date, description, amount (debit or credit), and category. Categories can be fees, interest, mea...
by sixty40
Tue Nov 22, 2016 9:29 pm
Forum: Personal Consumer Issues
Topic: Replacement Sofa Cushions
Replies: 14
Views: 3661

Re: Replacement Sofa Cushions

bigred77, I too have a Barnhardt and replaced the cushions about 2 yrs ago and it has worked out very nicely. I went to a local fabric/upholstery store, the gentleman explained the different cushion types and his recommendation and I bought the cushions. 2 loveset cushions + 3 sofa cushions came out...
by sixty40
Mon Nov 21, 2016 1:04 am
Forum: Personal Finance (Not Investing)
Topic: Car purchase- email negotiations for CPO cars?
Replies: 12
Views: 3147

Re: Car purchase- email negotiations for CPO cars?

We negotiated a cpo car through email, settled on a price contingent on inspection, and bought it w/o really doing a test drive. It was a lease return at the dealership, had a yr remaining on the bumper to bumper initial warranty and then an additional yr of cpo warranty, so we were fairly confident...
by sixty40
Sat Nov 19, 2016 10:02 am
Forum: Personal Consumer Issues
Topic: Driving from San Jose to San Diego - Where to Stop
Replies: 18
Views: 6252

Re: Driving from San Jose to San Diego - Where to Stop

Realistically give yourself 10-11 hours. You will at least stop once to get gas, and stopping at the Grapevine is popular since it is 265 miles out. However for restroom breaks especially with young kids you may need to stop 2-3 times for restroom breaks. As I recall when little kids need to go, the...
by sixty40
Sat Nov 19, 2016 1:30 am
Forum: Personal Consumer Issues
Topic: Finding a good architect & how to design a house with a budget in mind
Replies: 8
Views: 1907

Re: Finding a good architect & how to design a house with a budget in mind

I am not an architect but we are an engineering firm that works with architects on building designs. It is very difficult to find an architect by doing web searches. Getting recommendations of people is probably the best way. Whether you do web searches or get recommendations, you should interview t...
by sixty40
Fri Nov 11, 2016 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Tax withholding on bonus when at high tax bracket
Replies: 8
Views: 2693

Re: Tax withholding on bonus when at high tax bracket

I'm asking because nearly all I find has to do with people's questions about why bonuses are "taxed so high." That is, they refer to the IRS rules than once a bonus exceeds some amount ($1k, I think), the automatic withholding is 25% for federal tax, which, understandably, for most is more than the...
by sixty40
Sat Nov 05, 2016 11:50 am
Forum: Personal Consumer Issues
Topic: Which state to move for milder weather
Replies: 118
Views: 20001

Re: Which state to move for milder weather

I think CA has great weather, we live in the central region near Sacramento, but many parts mentioned by others have great weather. Here are some pros and cons I can think of offhand. PROS: Great weather overall, many different climates throughout the state Easily can drive to mountains or the ocean...
by sixty40
Mon Oct 10, 2016 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Sales Commissions for RFPs
Replies: 18
Views: 2219

Re: Sales Commissions for RFPs

That seems like pretty good compensation if one can get it. We also do RFP's a lot but mainly with clients we have a relationship with, and sometimes we do RFP's for government work, but we seem to rarely get them. I am also a small business owner in the professional trade, less than 10 employees. I...
by sixty40
Mon Oct 10, 2016 11:19 am
Forum: Personal Finance (Not Investing)
Topic: 30 yr mortgage, but pay like a 15 yr?
Replies: 55
Views: 12284

Re: 30 yr mortgage, but pay like a 15 yr?

As someone who has held a 30 year mortgage with the plan of paying it down quicker with extra principal, I say get the 15 year if you can easily afford it. Your plan to double pay principal will usually get derailed and you'll only pay it sporadically. I know that's the way it worked with me. To ma...
by sixty40
Mon Oct 10, 2016 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Small S-Corp and SUV deduction
Replies: 8
Views: 1214

Re: Small S-Corp and SUV deduction

If it is a legitimate business expense within the confines of the laws and regulations, then there should not be a problem and just go for it. If you feel people may "think" you are using your business as a life style, I would say "who cares", unless you do. I remember a client of ours I was riding ...
by sixty40
Sun Oct 09, 2016 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Small S-Corp and SUV deduction
Replies: 8
Views: 1214

Re: Small S-Corp and SUV deduction

I will take a stab at this. We have a small company S-corp as well and we used to write off our cars thru the company but now we just do mileage. For us it was just less complicated. You mention you can do 60% business but you seem to imply commute to/from work as part of mileage (unless I misinterp...
by sixty40
Sat Oct 08, 2016 10:37 pm
Forum: Investing - Theory, News & General
Topic: John Bogle the Toyota of investing
Replies: 12
Views: 2163

Re: John Bogle the Toyota of investing

It was not meant to offend anyone. In fact after I posted it, I thought I probably should not have done that because people may not see it that way. Oh well, live and learn.
by sixty40
Fri Oct 07, 2016 7:22 pm
Forum: Investing - Theory, News & General
Topic: John Bogle the Toyota of investing
Replies: 12
Views: 2163

John Bogle the Toyota of investing

Recently American Funds has started no load funds, Blackrock cuts their expense ratios, etc. Even Schwab has to offer funds/ETF’s with lower expense ratios. Every player in the fund/etf/investing business has had to adjust to Vanguard. I have not been investing for that long, but it seems to me that...
by sixty40
Fri Oct 07, 2016 6:11 pm
Forum: Personal Consumer Issues
Topic: How to end a business relationship with a good friend?
Replies: 49
Views: 5388

Re: How to end a business relationship with a good friend?

Good for you. Could not have been easy, but it is good that it is done. P.S. Turns out his "discount" was no discount. My new contractor is actually less expensive. So that begs the next question. Do "you" still want to be his friend after finding out the discount was not really there and he may ha...
by sixty40
Fri Oct 07, 2016 11:07 am
Forum: Personal Consumer Issues
Topic: Laptop ideas
Replies: 41
Views: 4857

Re: Laptop ideas

I recommend an SSD (solid state drive) if you can swing it. I work in IT, supporting a user base of about 300 people. A bunch of laptop issues disappeared after we went to 100% SSDs - performance drag as the hard drive degraded, certain OS errors, lost/damaged files, etc. They draw less power (long...
by sixty40
Fri Oct 07, 2016 10:39 am
Forum: Personal Consumer Issues
Topic: Electrical extension cord for a major appliance
Replies: 24
Views: 36491

Re: Electrical extension cord for a major appliance

At 14.5 Amps, and since you already have 100 ft of cord, you should use at least #12 AWG, and use the shortest cord needed for the job. Even if you need just 10ft but use a 100ft cord, the amps need to go thru the full 100ft of cord. If you want to follow "code" I will caution you that it is unsafe...
by sixty40
Fri Oct 07, 2016 10:03 am
Forum: Personal Consumer Issues
Topic: Electrical extension cord for a major appliance
Replies: 24
Views: 36491

Re: Electrical extension cord for a major appliance

Does anyone use an extension cord for a major electrical appliance like a window unit air conditioner? Someone recently told me that it is not a good idea but I see a lot of cords on the market made for large appliances. First you need to know how many amps the unit draws, this is typically either ...
by sixty40
Fri Oct 07, 2016 9:50 am
Forum: Personal Consumer Issues
Topic: Electrical extension cord for a major appliance
Replies: 24
Views: 36491

Re: Electrical extension cord for a major appliance

Hello, everybody: I just registered after reading this post. I thought I could benefit from your help. My neighbor's tree fell to my backyard, and according to the law of my state, I am supposed to take care of the fallen tree in my backyard. I just bought a WORX electric chain saw with a 14.5 Amp ...
by sixty40
Wed Oct 05, 2016 10:27 pm
Forum: Personal Consumer Issues
Topic: Advice on hiring an architect
Replies: 31
Views: 3756

Re: Advice on hiring an architect

What questions should we ask before hiring? What to look out for in the contract? What to make sure is included, and is excluded. How do we make sure the architect engages the right builder? We were told that a benefit of using an architect is that they will bid out the work and help get a good pri...
by sixty40
Tue Oct 04, 2016 6:20 am
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage - tax strategy and technical questions
Replies: 11
Views: 1866

Re: Paying off mortgage - tax strategy and technical questions

Since the OP's income is $650k, it would seem like he would have AMT, and isn't property tax deductions affected by AMT? I make a lot less than the OP and I am affected by the AMT. Or is property tax deduction not affected by AMT?
by sixty40
Wed Sep 28, 2016 9:37 pm
Forum: Personal Investments
Topic: Wellesley double wallop?
Replies: 26
Views: 4819

Re: Wellesley double wallop?

Toons wrote:Personally,
I would hold Wellesley,
Forever.
Regardless of financial noise.(wallop or not)
+1.
Wellesley and Wellington, cannot think of any other actively managed fund that I can say I plan on holding forever. Somehow they get it done right.
by sixty40
Wed Sep 28, 2016 5:19 pm
Forum: Personal Consumer Issues
Topic: How to end a business relationship with a good friend?
Replies: 49
Views: 5388

Re: How to end a business relationship with a good friend?

It appears your friend has taken advantage of your friendship and has been lacking in performing his/her task as a "client". I would tell your friend the "whole" truth in a sincere way, and I have done something similar personally. I said something to the extent, " We have been friends for along ti...
by sixty40
Wed Sep 28, 2016 3:09 pm
Forum: Personal Consumer Issues
Topic: How to end a business relationship with a good friend?
Replies: 49
Views: 5388

Re: How to end a business relationship with a good friend?

Seeking advice on how to end a business relationship with an old friend who has been designing, installing and maintaining our gardens and landscape based on the following; 1. We have been friends a long time. 2. I refer friend out to my friends and clients and am personally responsible for a large...
by sixty40
Wed Sep 28, 2016 1:58 pm
Forum: Personal Consumer Issues
Topic: Home not to current code
Replies: 26
Views: 3347

Re: Home not to current code

Thanks sixty40. One subtle issue is how to distinguish between a repair and a renovation. According to my insurance agent, you are free (from a legal standpoint) to repair something without bringing it to current code. However, if you renovate it, you do need to bring it in conformance with the cur...
by sixty40
Wed Sep 28, 2016 9:34 am
Forum: Personal Consumer Issues
Topic: Home not to current code
Replies: 26
Views: 3347

Re: Home not to current code

Thanks sixty40. One subtle issue is how to distinguish between a repair and a renovation. According to my insurance agent, you are free (from a legal standpoint) to repair something without bringing it to current code. However, if you renovate it, you do need to bring it in conformance with the cur...