Search found 953 matches

by miamivice
Thu Mar 01, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: What are your auto insurance limits?
Replies: 59
Views: 5929

What are your auto insurance limits?

I think I have this well optimized but wanted to see what others are doing. We have the following auto insurance limits: - Bodily injury: 250k individual / 500k incident - Property damage: 100k - Uninsured / underinsured: same as bodily injury & property damage above - Collision - $1000 deductible -...
by miamivice
Thu Mar 01, 2018 9:58 am
Forum: Personal Consumer Issues
Topic: What kind of desktop computer should I buy?
Replies: 49
Views: 4803

Re: What kind of desktop computer should I buy?

Dude, your getting a Dell.

Oops, the 90's called and they want their Dell guy back.
by miamivice
Thu Mar 01, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Selling Condo without putting on the market
Replies: 20
Views: 1287

Re: Selling Condo without putting on the market

Be aware that one of the classic ways of getting new listings is to let a potential seller know that they have a buyer lined up and ready to make an offer. Often, the mystery buyer backs out..... Interesting, but I am not sure how this would benefit anyone? How does an agent identify "potential sel...
by miamivice
Thu Mar 01, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Selling Condo without putting on the market
Replies: 20
Views: 1287

Re: Selling Condo without putting on the market

Be aware that one of the classic ways of getting new listings is to let a potential seller know that they have a buyer lined up and ready to make an offer. Often, the mystery buyer backs out..... Reading your first post again, yes, you'd need to pay the agent involved a commission. Probably 3% of th...
by miamivice
Wed Feb 28, 2018 4:06 pm
Forum: Investing - Theory, News & General
Topic: Outward signs of a private company failing
Replies: 20
Views: 1424

Re: Outward signs of a private company failing

Please, let's focus on the question at hand. What are the external signs of a failing private company?
by miamivice
Wed Feb 28, 2018 3:56 pm
Forum: Investing - Theory, News & General
Topic: Outward signs of a private company failing
Replies: 20
Views: 1424

Outward signs of a private company failing

What are the external signs that a privately held company is preparing to file for bankruptcy? There is a company that has asked me to invest in it. I'm thinking they are not doing well, but their business development folks are saying everything is rosy. I'm wondering what external signs I should lo...
by miamivice
Wed Feb 28, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: How much cash do you keep at any time on checking?
Replies: 183
Views: 16710

Re: How much cash do you keep at any time on checking?

Hello community, As the thread title states, how much cash to keep from month to month? Our checking account balance is always 3,500-5,500. My wife really freaks out if it falls below 3,500 and got me thinking I wonder how this compares to other people’s practice. Some info to add context: Age: 21-...
by miamivice
Wed Feb 28, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: Mobile Deposit Bank Fraud
Replies: 36
Views: 3093

Re: Mobile Deposit Bank Fraud

Folks, folks, folks. The link isn't a news story. It's a blog post. There is no fact checking on blog posts. We have no idea if what happened actually happened. Or if details have been changed. Or if half the story was left out. On the face of it, depositing a check multiple times into an account wh...
by miamivice
Wed Feb 28, 2018 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: How to go about receiving a large cash gift?
Replies: 9
Views: 925

Re: How to go about receiving a large cash gift?

I would also be very conscious of receiving such a large transfer from abroad. My suggestion is (for both parties) do absolutely NOTHING to try to hide the transfer or do anything suspicious. There is nothing that the OP said to indicate the money is coming from abroad. Only that the mother lives i...
by miamivice
Tue Feb 27, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Physical cash
Replies: 121
Views: 9072

Re: Physical cash

Rather than keeping cash on hand, keep a good supply of toilet paper. It's the most habit forming product that you can purchase, and if anything weird happens, people will want toilet paper a lot more than they'll want cash.
by miamivice
Tue Feb 27, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Splitting a cell phone bill
Replies: 35
Views: 2230

Re: Splitting a cell phone bill

This was a financial question, not a relationship question. I didn't say anything about the other party or what their reaction would be. I was trying to sort out the financial aspects of it in my own mind before saying anything. Clearly, the concept that the individual add on line cost increases at ...
by miamivice
Tue Feb 27, 2018 3:46 pm
Forum: Personal Consumer Issues
Topic: cheap device to lower auto insurance and/or deter car prowl
Replies: 17
Views: 1607

Re: cheap device to lower auto insurance and/or deter car prowl

No, don't do state minimums. That wasn't good advice. I think everyone should have $300k combined single limits on liability as well as uninsured/underinsured motorist. That's because it's not hard to cause an accident that causes a lot of loss. You can adjust collision and comprehensive based on yo...
by miamivice
Tue Feb 27, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: paying for child's college tuition - does it count towards the limit for gift tax?
Replies: 40
Views: 3256

Re: paying for child's college tuition - does it count towards the limit for gift tax?

The gift tax works in combination with the estate tax, to tax folks that transfer over $22 million in wealth (current law) to others. The IRS doesn't want someone to gift $50 million just prior to death as a means to avoid estate taxes, so they require you to report all gifts over the threshold limi...
by miamivice
Tue Feb 27, 2018 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: paying for child's college tuition - does it count towards the limit for gift tax?
Replies: 40
Views: 3256

Re: paying for child's college tuition - does it count towards the limit for gift tax?

No, it does not. The gift tax does not apply to an amount you paid on behalf of an individual to a qualifying domestic or foreign educational organization as tuition for the education or training of the individual. Yes it does, unless it’s paid directly to the institution. Gill We have helped our s...
by miamivice
Tue Feb 27, 2018 3:02 pm
Forum: Personal Consumer Issues
Topic: cheap device to lower auto insurance and/or deter car prowl
Replies: 17
Views: 1607

Re: cheap device to lower auto insurance and/or deter car prowl

I don't know about your area, but car theft is not a common crime anymore in most parts of the country. There are so many antitheft devices as well as mechanisms designed to prevent resale value of a parted out car that thieves have gone on to other things. Car prowl, in the form of stealing valuabl...
by miamivice
Tue Feb 27, 2018 2:39 pm
Forum: Personal Consumer Issues
Topic: Dealership oil change worth it?
Replies: 69
Views: 5992

Re: Dealership oil change worth it?

Dealers goof work up now and then just like independent shops do.

I don't think anyone should fool themselves into thinking that dealers do the work right, while other places don't...especially something simple like an oil change.
by miamivice
Tue Feb 27, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: paying for child's college tuition - does it count towards the limit for gift tax?
Replies: 40
Views: 3256

Re: paying for child's college tuition - does it count towards the limit for gift tax?

Colleges don't charge room and board, except maybe for a Freshman living in a dorm with a meal plan. But an upper class student in an apartment in a very expensive city could easily exceed that amount. Rent could very easily be over $1000 per month. Add food, other expenses, car insurance, gas, etc...
by miamivice
Tue Feb 27, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: paying for child's college tuition - does it count towards the limit for gift tax?
Replies: 40
Views: 3256

Re: paying for child's college tuition - does it count towards the limit for gift tax?

I'm unaware of any exception in gift tax allowing parents to give money to their college age children exempt from gift tax reporting requirements.
by miamivice
Tue Feb 27, 2018 11:50 am
Forum: Personal Consumer Issues
Topic: Ethics of selling a used car
Replies: 54
Views: 4804

Re: Ethics of selling a used car

I just want to provide an update. The car sold yesterday. I put in the ad a list of everything that I knew that was wrong with the car, as well as a list of all of the things that I had repaired on the vehicle over the 7 years that we've owned the vehicle. I got the impression that the buyer felt th...
by miamivice
Tue Feb 27, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: paying for child's college tuition - does it count towards the limit for gift tax?
Replies: 40
Views: 3256

Re: paying for child's college tuition - does it count towards the limit for gift tax?

The most well known ones are: (1). Payments made DIRECTLY to a qualified educational organization for TUITION. Note that both "directly" and "tuition" are the key words. In other words, you cannot make a direct payment of $50k ($20k for tuition and $30k for room and board) and claim $50k exemption....
by miamivice
Tue Feb 27, 2018 10:10 am
Forum: Personal Consumer Issues
Topic: Amazon Prime Visa now 5% back at Whole Foods
Replies: 30
Views: 3121

Re: Amazon Prime Visa now 5% back at Whole Foods

I used to chase credit card rewards when I was younger and credit card rewards were a new thing. Then all of the programs started changing on me (I think CC rewards are in a constant state of churn) and I found it was time consuming to keep track of which cards rewarded which behavior. It got extrem...
by miamivice
Mon Feb 26, 2018 4:46 pm
Forum: Investing - Theory, News & General
Topic: Redfin
Replies: 29
Views: 5414

Re: Redfin

We bought a house through Redfin a few years back. I am not sure we'd use them again. What you miss out on is a real estate agents experience with an area. For example, the town we live in has a nice lake (we didn't know this before we bought.) We could have bought in a different community that has ...
by miamivice
Mon Feb 26, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand
Replies: 21
Views: 1684

Re: Help me understand

but this buddy of mine has my mind flying all over the place with him telling me I'm crazy to be investing in index funds instead of these other funds. I'm wondering if your buddy is a fund manager for an actively managed mutual fund? He seems to be a great stock picker. If he isn't, why doesn't he...
by miamivice
Mon Feb 26, 2018 4:06 pm
Forum: Personal Consumer Issues
Topic: Strategies for getting out of a car dealership quickly?
Replies: 78
Views: 7886

Re: Strategies for getting out of a car dealership quickly?

In general, if you have a male friend, invite them along to accompany you. Not to do the talking but just to be there and pay attention. While it might sound sexist, we do live in a male dominated world to some extent...maybe that's slowly changing but there are a number of occasions where my wife h...
by miamivice
Mon Feb 26, 2018 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Splitting a cell phone bill
Replies: 35
Views: 2230

Re: Splitting a cell phone bill

Recently, we discovered that by upgrading our plan, we could save $30 per month. (Essentially, the old plan cost more than the new plan). We upgraded and the total monthly bill decreased by $30. However, my wife notices that the add on cost for the extra line is now $25, and she thinks the correct ...
by miamivice
Mon Feb 26, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Help with College admission questions for DD's friends
Replies: 11
Views: 599

Re: Help with College admission questions for DD's friends

I'm questioning the idea of us giving advice to a person who is the parent of a child's friend. I'm not sure that we have much if any influence in this situation.

Also, I would expect that a national merit finalist is smart enough to make their own decision.
by miamivice
Mon Feb 26, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Question regarding revised home appraisal
Replies: 7
Views: 358

Re: Question regarding revised home appraisal

What is this impacting? Your loan some how? PMI required or escrow account or such? Unless it is costing you some fee or other expense it seems a “who cares” kind of thing. Thanks for your feedback. I was just surprised. I don't guess it has any huge impact--we put 20% down and aren't escrowing any...
by miamivice
Mon Feb 26, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Question regarding revised home appraisal
Replies: 7
Views: 358

Re: Question regarding revised home appraisal

I would agree with others that the appraised value of either $299,000 or $310,000 makes no difference. If you ever get a HELOC or sell, you'll get new appraisals that have new numbers.
by miamivice
Mon Feb 26, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Splitting a cell phone bill
Replies: 35
Views: 2230

Splitting a cell phone bill

Our family has a family cell phone through a major wireless carrier. At one point, we put an additional person on with the agreement that they'd cover our add on cost for the phone, which was $12 per month. We've asked and they have paid us $12 a month for several years now. Recently, we discovered ...
by miamivice
Mon Feb 26, 2018 10:45 am
Forum: Personal Consumer Issues
Topic: How Secure Is Your Apartment
Replies: 42
Views: 4526

Re: How Secure Is Your Apartment

As a generalization, folks that are hired by a firm to do work won't steal/snoop/etc while on the job, and since they are employed, are unlikely to do it while off the job.
by miamivice
Mon Feb 26, 2018 12:40 am
Forum: Personal Consumer Issues
Topic: Ethics of selling a used car
Replies: 54
Views: 4804

Re: Ethics of selling a used car

In my personal life, the only ethical requirement I really maintain is "Do unto others as you would have them do unto you." It really simplifies things, and as an ethos, it is fairly deeply ingrained in Western civilization. +1. For the OP: your conscience is already telling you the right answer. I...
by miamivice
Sat Feb 24, 2018 6:53 pm
Forum: Personal Consumer Issues
Topic: Auto insurance damage claim
Replies: 58
Views: 3648

Re: Auto insurance damage claim

https://www.carinsurance.com/kb/is-it-fraud-to-not-use-claim-money-for-car-repairs\ If your lien holder does allow you keep the money and skip the repairs, remember that this now pre-existing damage the insurer will take into account if your car sustains damage in the future. Your insurer will deduc...
by miamivice
Sat Feb 24, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: Auto insurance damage claim
Replies: 58
Views: 3648

Re: Auto insurance damage claim

As such, he feels the car is fixable in the 2-4k range and should get a clean title as he sees most defects to be non-structural. For example bumpers, windshield etc. he feels should not lead to a salvage title. He says if they do not provide repair amount and clean title, I should think about comp...
by miamivice
Sat Feb 24, 2018 12:39 pm
Forum: Personal Consumer Issues
Topic: Ethics of selling a used car
Replies: 54
Views: 4804

Re: Ethics of selling a used car

I'm preparing to sell a used vehicle. It has some issues. Some are easy to ascertain with a visual inspection / quick test drive, others may not be noticed right away. Am I ethically required to disclose all of the known issues to the potential buyer? I have purchased used cars from dealerships bef...
by miamivice
Sat Feb 24, 2018 11:49 am
Forum: Personal Consumer Issues
Topic: Ethics of selling a used car
Replies: 54
Views: 4804

Ethics of selling a used car

I'm preparing to sell a used vehicle. It has some issues. Some are easy to ascertain with a visual inspection / quick test drive, others may not be noticed right away. Am I ethically required to disclose all of the known issues to the potential buyer? I have purchased used cars from dealerships befo...
by miamivice
Sat Feb 24, 2018 11:30 am
Forum: Personal Consumer Issues
Topic: Mail diversion- one more reason to freeze credit
Replies: 10
Views: 1389

Re: Mail diversion- one more reason to freeze credit

I don't see how someone would not notice their mail hasn't been delivered for a couple months.

Must have been a slow news day for that TV station.
by miamivice
Fri Feb 23, 2018 7:50 pm
Forum: Personal Consumer Issues
Topic: Auto insurance damage claim
Replies: 58
Views: 3648

Re: Auto insurance damage claim

Someone I know who is a mechanic feels that I will be better off taking repair money from them (up to payoff they are offering) and just have the car fixed. He feels it is just a game to see if I would give up the car at a low-value. This person feels the damage may not be major enough to make it s...
by miamivice
Fri Feb 23, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Defining "House Poor"
Replies: 299
Views: 19151

Re: Defining "House Poor"

We should keep in mind that there are strict lending guidelines as to how much loan you can get from a mortgage broker. Except in the case of job loss, retirement, or exit from the workplace (such as a dual income family migrating to a single income family), a mortgage payment would never cause some...
by miamivice
Fri Feb 23, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Defining "House Poor"
Replies: 299
Views: 19151

Re: Defining "House Poor"

OP, If the house price is more than 40% of your net worth excluding your house, you are "House Poor". KlangFool Purchase price or current value? That means a young family, say 30 years old, buys a house for $300,000. They would need at least ~$750,000 in other assets in order to be non-house poor? ...
by miamivice
Fri Feb 23, 2018 3:16 pm
Forum: Personal Consumer Issues
Topic: anonymous financial gift to student / best gift card option
Replies: 54
Views: 3485

Re: anonymous financial gift to student / best gift card option

I think your generosity is admirable. That said, in this day and age, the student could feel very uncomfortable about the anonymous nature of this gift. Can you possibly just tell the student you admire the path they are taking and would like to help. That is, drop the anonymity. Also, keep in mind...
by miamivice
Fri Feb 23, 2018 3:12 pm
Forum: Personal Consumer Issues
Topic: Auto insurance damage claim
Replies: 58
Views: 3648

Re: Auto insurance damage claim

I agree the apraiser is correct to subtract for the hail damage you have already been paid for. Since you did not repair your car, with the current damage and the hail damage, the cost is correct you have been offered. Why not do what you did before, just drive the car as is and take the money and ...
by miamivice
Fri Feb 23, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Review ettiquette
Replies: 24
Views: 2375

Re: Review ettiquette

Oh, how I miss Megacorp! I think others have provided some useful guidance regarding the OPs question. I'll offer one word of advice. If you are really this boss at megacorp and this is an actual situation, never make a post like this on the internet. You may think this is all anonymous, and to a l...
by miamivice
Fri Feb 23, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Rules on using IRA money for child's education?
Replies: 22
Views: 2528

Re: Rules on using IRA money for child's education?

I'm asking this question on behalf of a friend of a friend. I realize that using money from an IRA to fund children's college tuition isn't a very Boglehead thing to do. So no need to lecture me--I don't have any kids in any event. I would argue that it is a very Boglehead thing to do. You should s...
by miamivice
Fri Feb 23, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: anonymous financial gift to student / best gift card option
Replies: 54
Views: 3485

Re: anonymous financial gift to student / best gift card option

Realize that university bookstores sell books up to 40% more than Amazon/etc.

I have found books at University bookstores that sell there for $140 while at Amazon I can buy them for $100.
by miamivice
Fri Feb 23, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Review ettiquette
Replies: 24
Views: 2375

Re: Review ettiquette

Thanks. I was leaning towards documenting that the employee had an issue early in the year but has made significant improvements and is now meeting expectations. The catch is that this employee, other than a negative attitude, is an exceptional performer. Easily the most valuable employee in the gr...
by miamivice
Fri Feb 23, 2018 1:35 pm
Forum: Personal Consumer Issues
Topic: Auto insurance damage claim
Replies: 58
Views: 3648

Re: Auto insurance damage claim

So, it would seem that if the OP used the $6,700 to fully and completely repair the hail damage, then there would have been no deduction for the previous claim? Right? I think so, but this would depend on the terms of the insurance contract and the state law in the state that he resides. It certain...
by miamivice
Fri Feb 23, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Review ettiquette
Replies: 24
Views: 2375

Re: Review ettiquette

It depends on the reason for needing improvement. If the employee say, wasn't showing up to work on time in the 2nd and 3rd quarter. Not showing up to work on time is a fireable offense at many companies. It'd be perfectly reasonable to ding the employee on the review as the review may be used as ev...
by miamivice
Fri Feb 23, 2018 12:58 pm
Forum: Personal Consumer Issues
Topic: anonymous financial gift to student / best gift card option
Replies: 54
Views: 3485

Re: anonymous financial gift to student / best gift card option

If you'd like to do a gift card I would do one for Amazon. You can buy textbooks there, usually at a much better price that than the university bookstore. It can also be used for a variety of other college related expenses. Or it can be used for non-college expenses in the event they don't use it be...
by miamivice
Fri Feb 23, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Defining "House Poor"
Replies: 299
Views: 19151

Re: Defining "House Poor"

I would consider you house poor if you find your mortgage payment prevents you from saving at a healthy clip, or prevents you from spending in other areas you want to (whether it be travel, eating out, etc). This is where I struggle a lot with the term house poor. Bogleheads is a financial forum wi...
by miamivice
Fri Feb 23, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Defining "House Poor"
Replies: 299
Views: 19151

Re: Defining "House Poor"

I've seen this come up several times recently on the boards and it has me scratching my head. What do you think is the BH definition of house poor? How about your own definition? At a glance, I think this may term may be used by Bogleheads might be a world away from any common definition. (Like man...