Search found 464 matches

by KlingKlang
Tue Jul 11, 2017 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Need Advice for Recent Widow & Adult Children
Replies: 2
Views: 358

Re: Need Advice for Recent Widow & Adult Children

Hi all, looking for some sage advice for my Aunt and cousins after my uncle passed away leaving them with windfall life insurance proceeds. I warned them already that they're prime targets for people peddling bad investments, and sure enough three insurance salesmen showed up at the funeral yesterd...
by KlingKlang
Mon Jul 10, 2017 8:38 am
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 14088

Re: How did you handle the costs of your child's wedding?

I will say, as a wedding guest, I truly appreciate big and expensive affairs. Attending a wedding with great food, free flowing drinks and good music is much more fun than attending a cheapo wedding. Do you give a proportionately larger gift when you attend weddings with great food, free flowing dr...
by KlingKlang
Sun Jul 09, 2017 10:02 am
Forum: Personal Consumer Issues
Topic: any way to eat healthier at Subway (or any other quick lunch ideas)
Replies: 102
Views: 5735

Re: any way to eat healthier at Subway (or any other quick lunch ideas)

Don't forget that the ingredients in any Subway sandwich (except meatball marinara) can also be purchased as a salad.
by KlingKlang
Mon Jul 03, 2017 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: JNJ or Wellington?
Replies: 14
Views: 1663

Re: JNJ or Wellington?

A few years ago some stock market guru declared that JNJ was "The one stock that everyone should own". In 1999 GE held that title. Check how well that turned out.
by KlingKlang
Sun Jul 02, 2017 5:49 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3055
Views: 902658

Re: What Movie Have You Recently Watched?

Finally got to see Who's Afraid of Virginia Woolf on TCM last night. I remember when my parents went to see it in 1966 because my mother worshipped Liz and Dick and my father came home pissed off and forbid any of us to ever see it. For an extra treat watch it while you're four drinks drunk.
by KlingKlang
Sun Jul 02, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Childless couple - want siblings to inherit after we both go
Replies: 36
Views: 3790

Re: Childless couple - want siblings to inherit after we both go

We are childless. I am 62, DH is 69. When one spouse goes, the other should inherit everything. However, when the remaining spouse goes, we want both sets of siblings to inherit based on each spouse's contribution to the marriage. Same goal if we go simultaneously. I can think of several ways to go...
by KlingKlang
Sat Jul 01, 2017 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about lending money to parents to make money - Good or bad idea?
Replies: 34
Views: 1561

Re: Thinking about lending money to parents to make money - Good or bad idea?

A loan to your parents as a money making opportunity is fundamentally flawed. Sorry, that's my opinion... Actually having the OP loan money to his parents at 2% instead of them paying the bank 3.75% and the bank paying him 1% is fundamentally a great idea. As with most great ideas the problems are ...
by KlingKlang
Sat Jul 01, 2017 8:10 am
Forum: Investing - Help with Personal Investments
Topic: Late start to retirement planning
Replies: 4
Views: 573

Re: Late start to retirement planning

Are these "old money market" accounts already in traditional IRAs? If so you can transfer them to a new traditional IRA at any institution. If they are after tax accounts then each of you may only make $6500/year deposits to a traditional IRA.
by KlingKlang
Fri Jun 30, 2017 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard recommended Retirement allocation too simple?
Replies: 70
Views: 7369

Re: Vanguard recommended Retirement allocation too simple?

That is too heavy in international stocks and especially bonds for my tastes, but there is nothing wrong with a four fund portfolio. If you are really feeling deprived as far as number of funds pick another couple of asset classes (TIPS, REITs, etc.), start with the recommended portfolio for a year,...
by KlingKlang
Fri Jun 30, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Friend from Work & His Failing Business
Replies: 22
Views: 3171

Re: Friend from Work & His Failing Business

he has was recently offered a new position with a new company that pays more than his current role. By leaving the company we work at he would be able to get access to his 401k albeit he would have to pay some tax penalties, but knock out almost all of the debt he has. Like I mentioned his current ...
by KlingKlang
Wed Jun 28, 2017 9:31 am
Forum: Personal Consumer Issues
Topic: Traveling with 5 and 2 Year Old from Atlanta to Orlando - Is It Worth Flying?
Replies: 46
Views: 2063

Re: Traveling with 5 and 2 Year Old from Atlanta to Orlando - Is It Worth Flying?

Read dk240t 's post carefully. I'm prejudiced against ATL because the last time that my wife and I transferred through there we ended up stuck jammed together for three hours with thousands of other people in the tunnel when the trains, slide walks, and air conditioning failed. We first took our dau...
by KlingKlang
Tue Jun 27, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Financing Engagement Ring/ Credit Score Potential Consequences
Replies: 39
Views: 2571

Re: Financing Engagement Ring/ Credit Score Potential Consequences

Best bet is to save up the $2400 and buy the ring then. That will set the stage for good financial habits throughout your life & marriage. Second best choice is the CC 0%. Be sure to fully understand the terms. Don't use the jeweler's finance option - most likely to have traps (like APR jumps to 24...
by KlingKlang
Tue Jun 27, 2017 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: General feedback - Specific feedback about taxable path forward
Replies: 9
Views: 435

Re: General feedback - Specific feedback about taxable path forward

1. We just opened our taxable account, starting with $25k into VTSAX. Would like to nail down our taxable plan going forward now. Current thinking that I’d like feedback on there: Deploy $10-15k into VTIAX (int’l) and then, down the road, start with VWITX (tax exempt intermediate) — all according t...
by KlingKlang
Tue Jun 27, 2017 11:25 am
Forum: Investing - Theory, News & General
Topic: The 5 Pitfalls of Mutual Funds by,....
Replies: 22
Views: 2861

Re: The 5 Pitfalls of Mutual Funds by,....

......Ken Fisher. Mr. Fisher says ,in his TV Ad, that using mutual funds initially is a good way to begin accumulating wealth, but once the investments approach, say, $500,000 it is time to get serious about investing. Isn't this the same psychological approach that casinos use in having 'high roll...
by KlingKlang
Sat Jun 24, 2017 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Please Help Me Get Started Investing
Replies: 16
Views: 1348

Re: Please Help Me Get Started Investing

If you don't want international stocks and bonds in your portfolio then skip the Target Date fund suggestions. It's your decision. Total Stock Admiral in an after tax account and Total Bond in a Roth IRA is fine. You can always change your mind and add them back in later. Since you are less than 30 ...
by KlingKlang
Sat Jun 24, 2017 11:25 am
Forum: Investing - Theory, News & General
Topic: I-Bonds/Estate Matters
Replies: 6
Views: 777

Re: I-Bonds/Estate Matters

IF I am reading the information on the Treasury Direct website correctly (that's a big IF), Series I Savings Bonds can only be reissued in electronic form with a single owner (one of he original co-owners). The only exception is if you have some legal proof that the original registrations were in e...
by KlingKlang
Fri Jun 23, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: I need a strategy to address debt and savings
Replies: 38
Views: 4671

Re: I need a strategy to address debt and savings

Everything WoodSpinner said and - You are throwing away $220/month (not including bonus money deposits) by not taking advantage of your company's 401(k) matching. You cannot afford to do this and no matter how counterintuitive it seems this should be your first priority. Food/household/personal/ente...
by KlingKlang
Thu Jun 22, 2017 11:15 am
Forum: Personal Consumer Issues
Topic: What do you say when you cancel an account that you only opened for bonus?
Replies: 64
Views: 5477

Re: What do you say when you cancel an account that you only opened for bonus?

"Say"? Do you mean engage in verbal communication with someone that you presume is another human being? I did this recently with a Capital One account. I went to their website and initiated an ACH transfer to reduce my account balance to zero. A message popped up asking if I wished to close this acc...
by KlingKlang
Wed Jun 21, 2017 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement
Replies: 21
Views: 3785

Re: Early retirement

I agree with the previous advice that you should manage the asset allocation of your investments as a whole but that each individual account does not have to have the same AA. You are planning on accumulating enough assets in 10 years to support a 50 year retirement. Forget everything that you have ...
by KlingKlang
Mon Jun 19, 2017 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions for my mother's annuities
Replies: 5
Views: 809

Re: Suggestions for my mother's annuities

There's often no good solution to an annuity. Thank you to those that responded. It looks like there is no 'silver bullet' solution to this problem. That means that she is subject to the so-called "SS Tax Torpedo", I was aware of this but thank you for the link with the details. IF your mother regu...
by KlingKlang
Sun Jun 18, 2017 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions for my mother's annuities
Replies: 5
Views: 809

Suggestions for my mother's annuities

Back in the 2000's when CD rates were declining precipitously my parents were directed by their "friends at the bank" to talk to the nice life insurance salesmen renting desks there. The following is the information on two of the annuities that they purchased (I don't know how many more there are). ...
by KlingKlang
Sun Jun 18, 2017 9:31 am
Forum: Investing - Theory, News & General
Topic: Best Financial Advice from Dad (in honor of father's day)
Replies: 78
Views: 6330

Re: Best Financial Advice from Dad (in honor of father's day)

This is more of a cautionary tale. My father was the world champion in the 'Penny Wise Pound Foolish' category. He drove WV Beetles because they were the cheapest car he could find and tried to repair them himself (he wasn't very good at it). The steering damper on one of them failed. First he tried...
by KlingKlang
Wed Jun 14, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: I'm going to be rich! [Fidelity retirement planner]
Replies: 31
Views: 5897

Re: I'm going to be rich!

Will that $56 million be able to purchase 56 Big Macs in 2080?
by KlingKlang
Sat Jun 10, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: (Very) Early Retirement vs Parenthood
Replies: 74
Views: 5564

Re: (Very) Early Retirement vs Parenthood

I'm late chiming in on this but I've been thinking about it since I first read it. I'm currently at the stage in my life where I am spending a lot of time visiting 80 and 90 year olds in nursing homes. The ones who are parents in general seem content with how their lives turned out even if their kid...
by KlingKlang
Fri Jun 09, 2017 8:31 am
Forum: Personal Consumer Issues
Topic: When the Gospel of Minimalism Collides With Daily Life
Replies: 5
Views: 1578

Re: When the Gospel of Minimalism Collides With Daily Life

Today, Ms. Bertelsen believes that she’s struck the perfect balance Kind of sums it up. Living in a prison cell is pretty minimalist as well but I doubt that many psychologists recommend it. The most frugal (cheap) relatives that I have are hoarders with homes crammed full of free stuff (including ...
by KlingKlang
Wed Jun 07, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: "Paying" a minor for otherwise uncompensated work
Replies: 37
Views: 3421

Re: "Paying" a minor for otherwise uncompensated work

Anyone issuing you a W-2 will need to include their federal Employer ID Number (EIN) and probably state EIN. The W-2 has to be filed with the IRS and SSA. If your father has his own company this should be doable, but he just can't use the VA EINs from his W-2.
by KlingKlang
Tue Jun 06, 2017 2:17 pm
Forum: Personal Consumer Issues
Topic: Home siding thoughts
Replies: 32
Views: 3428

Re: Home siding thoughts

Aluminum siding can definitely dent. So can steel siding (do they make that anymore?). I really can't see any advantage to thin metal over other materials with higher insulating properties.

On that note, does anyone have experience with insulated vinyl siding?
by KlingKlang
Mon Jun 05, 2017 11:13 am
Forum: Investing - Theory, News & General
Topic: "Find out if your fund is declaring a quarterly dividend in June."
Replies: 32
Views: 5079

Re: "Find out if your fund is declaring a quarterly dividend in June."

Thank you for the link.

Is there any reason why Vanguard doesn't distribute dividends from all funds on a single day instead of making us check three separate days plus the last day of the month (for the standard bond fund and money market interest distributions)?
by KlingKlang
Sun Jun 04, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Can anyone help re: calculating income for ACA eligibility?
Replies: 23
Views: 1446

Re: Can anyone help re: calculating income for ACA eligibility?

This information on MAGI calculations is a few years old but I believe that it is still accurate:

http://laborcenter.berkeley.edu/pdf/201 ... mary13.pdf
by KlingKlang
Sat Jun 03, 2017 5:06 pm
Forum: Personal Consumer Issues
Topic: $250 to open a new checking account
Replies: 7
Views: 1105

Re: $250 to open a new checking account

We bank with Huntington. Opened our accounts several years ago for a $200 bonus. They have "Asterisk-Free Checking is free to open, free to maintain, free from balance minimums, and free from monthly maintenance fees". No interest obviously. If you are worried about any 'catches' just ask the bank o...
by KlingKlang
Fri May 26, 2017 6:55 pm
Forum: Personal Consumer Issues
Topic: Things to do in NYC with a 14 month tomorrow?
Replies: 12
Views: 1440

Re: Things to do in NYC with a 14 month tomorrow?

Is your 14 MO walking well yet? If so any park with a level grass surface and maybe a few flowers to look at will do. The rest of the time put him in his stroller and look at the things that interest you. At this age nothing is going to make a lasting impression.
by KlingKlang
Fri May 26, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Are middle-aged breadwinners getting a raw deal?
Replies: 20
Views: 3243

Re: Are middle-aged breadwinners getting a raw deal?

I'll buy the first keg for the party. Oh wait, I'm not supposed to drink beer anymore. :( my DW gets to enjoy friends, have hobbies, do volunteer work, keep in touch on facebook, etc... and also likes to "invest" in projects that require more money. I have to agree with goblue100 and flamesabers . F...
by KlingKlang
Thu May 25, 2017 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: When does Saving become missing out on life?
Replies: 74
Views: 9415

Re: When does Saving become missing out on life?

The best things in life are free. My favorite quote from a person that I respect very much is 'You can't buy happiness but you can sure rent a lot of it!' The "I find myself turning down events with family/friends all the time" is worrisome. Take it from someone with experience, once you turn down ...
by KlingKlang
Thu May 25, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: When does Saving become missing out on life?
Replies: 74
Views: 9415

Re: When does Saving become missing out on life?

I think that you've answered your own question. You are being too frugal (aka cheap) when you start missing social experiences (events with family and friends) and obtaining services clandestinely (borrowing trash service). Unless your family and friends jet off to the Riviera for the weekend. Using...
by KlingKlang
Wed May 24, 2017 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Help My Dad Retire
Replies: 21
Views: 2480

Re: Help My Dad Retire

I'm also 61 and living in Ohio with my wife on about $30K/year. After all of the posts from 30 somethings with high 6 figure salaries and 8 figure net worth it's going to be a shock to some of the people on this board to have to deal with a real Midwestern manufacturing pay and benefits situation. W...
by KlingKlang
Sun May 21, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping credit score up
Replies: 21
Views: 2357

Re: Keeping credit score up

Is it even possible to maintain a credit score over 800 by only using credit cards which are fully paid monthly without a history of any other type of installment loans? This seems to be where I have been pegged for years.
by KlingKlang
Sun May 21, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Do you keep extra money available for investing
Replies: 37
Views: 3947

Re: Do you keep extra money available for investing

I keep about 15% of my financial assets in cash (plus emergency funds), so it's available for major expenses which could theoretically include investing. Its not just sitting around in a brokerage account waiting for a hot stock deal.
by KlingKlang
Sat May 20, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Job loss
Replies: 28
Views: 2901

Re: Job loss

I've already accepted that I will likely be terminated next week. I'm trying to prepare a few statements in advance depending on what they decide. One is contingent on my termination where I apologize (I'm not trying to change their mind) and let them know how I appreciated them putting their trust...
by KlingKlang
Sat May 20, 2017 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Job loss
Replies: 28
Views: 2901

Re: Job loss

Thanks for the comments everyone. Unfortunately I think many of the ideas offered may not be feasible because of the manner in which I may be dismissed. This is a potential firing, not a lay off. In that case you should mentally prepare yourself and take the following actions: Be cool. Do not have ...
by KlingKlang
Wed May 17, 2017 9:44 am
Forum: Personal Consumer Issues
Topic: Tesla Solar Roof
Replies: 81
Views: 9579

Re: Tesla Solar Roof

I'm highly skeptical of any solar roof on a car. The surface area is way too small to be of much use. To get to numbers like 10% of miles driven they must be making some very favorable assumptions about driving patterns, sun exposure, etc. The Prius Prime Plug-in Hybrid has a battery only range of ...
by KlingKlang
Tue May 16, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees afraid to spend? (Bloomberg)
Replies: 47
Views: 3229

Re: Retirees are hoarding cash

Wouldn't the 2009 financial crisis be expected to create another mini generation of "depression era" folks? I was raised by "depression era" folks. In my opinion the 2007 - 2009 financial crisis was too short and there were too many government safety nets in place. No widespread bank failures, and ...
by KlingKlang
Tue May 16, 2017 11:14 am
Forum: Personal Consumer Issues
Topic: Tesla Solar Roof
Replies: 81
Views: 9579

Re: Tesla Solar Roof

...the new Prius Prime Plug-in Hybrid comes with a solar roof option - quite sadly not currently available for the USA market. However, it is an extraordinary engineering accomplishment (I feel) in that it can generate (if I remember correctly) up to 10% of the miles driven without trying too hard....
by KlingKlang
Fri May 12, 2017 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course with our plan
Replies: 16
Views: 1396

Re: Staying the course with our plan

Be sure to treat your wife to something that she likes for her first Mothers' Day!

Now that you are a nuclear family be sure that you have an emergency fund, life insurance, and disability insurance. After that just be patient and take everything one step at a time.
by KlingKlang
Thu May 11, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: House Deed Covenant Enforceability
Replies: 43
Views: 3936

Re: House Deed Covenant Enforceability

Just out of curiosity, if your father is employed and making good money why aren't they making more than minimum payments on the credit cards?
by KlingKlang
Thu May 11, 2017 10:31 am
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 127
Views: 12637

Re: How I use I-ORP, and who shouldn't

It's been a while since I ran my numbers through I-ORP, although I reviewed the results a few months ago. One thing that struck me was how aggressive it was recommending tIRA to Roth IRA conversions. Is anyone else concerned that after making massive conversions to their Roth IRAs (and paying the ta...
by KlingKlang
Wed May 10, 2017 12:52 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe on Challenges Of Managing Finances As We Age
Replies: 25
Views: 4031

Re: Larry Swedroe on Challenges Of Managing Finances As We Age

There should not be any "rules" concerning cognitive decline at specified ages. People age mentally at very different rates. Some people have significant declines in their 70's. Others, in their 90's, are still very sharp. IMO, this falls in the category of "know yourself". Well, maybe. But isn't o...
by KlingKlang
Mon May 08, 2017 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Retire Early?? Need a sense check
Replies: 42
Views: 8764

Re: Retire Early?? Need a sense check

a) Will not touch tax advantaged accounts until 70 1/2. Using online compound interest calculators, no additional contributions, 5% return per year, 15 years, the account balance should be around $2,286,000 b) Start taking SS either at 67 or 70 for about $2800-3000 per month c) Between 55 and 70 li...
by KlingKlang
Sat May 06, 2017 7:24 am
Forum: Personal Consumer Issues
Topic: Swing Set 2700.00??
Replies: 35
Views: 3805

Re: Swing Set 2700.00??

Three possible results: 1. Your kids love it, use it for several hours a day until they are middle schoolers. 2. Your kids get bored with it after a couple of weeks. 3. You have the best set in the neighborhood and there are always 20 kids in your backyard even when you aren't home. I've seen all th...
by KlingKlang
Fri May 05, 2017 3:57 pm
Forum: Investing - Theory, News & General
Topic: "Ten Commandments" by Jonathan Clements
Replies: 24
Views: 3683

Re: "Ten Commandments" by Jonathan Clements

I have a question on
2... If you devote savings to one financial dream, those dollars can’t be put toward another goal.
So if you are saving towards a vacation and your car gets totaled you can't reposition those savings to get a replacement car? I don't know if I quite get Jonathan's point.