Search found 1051 matches

by renue74
Wed Nov 29, 2017 4:52 pm
Forum: Personal Consumer Issues
Topic: Negotiating used car - Toyota Highlander
Replies: 32
Views: 2540

Negotiating used car - Toyota Highlander

I rarely, rarely buy cars. We tend to drive them until they fall apart. Both my wife and I own 2005 models. Anyways, her Nissan Quest is falling apart and we've looking at a midsize SUV, the Toyota Highlander. I've done some due diligence and have emailed 3 dealerships.....like I read here on Bogleh...
by renue74
Wed Nov 29, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 18040

Re: A good friend has nearly $1M in BitCoin what do I tell him?

Great! I'm in the same boat!!!! I put $20 into my Coinbase wallet in October. I'm up to $44....down to $30....up to $35.
by renue74
Wed Nov 29, 2017 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones trap
Replies: 45
Views: 6274

Re: Edward Jones trap

They didn't ask for your input. I have friends with EJ. If we ever bring it up during dinners, I always say EJ is a bad FA and that they pile on hidden fees that clients have difficulty finding. It never sways them. I'm just making small talk and know they won't ever move. It's like Hawaii Life on H...
by renue74
Tue Nov 28, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 123
Views: 13663

Re: Divs and Cap Gains are killing me

Your taxes are rarely 100% of the dividends that you get. You seem to be a sophisticated investor. So you either pay taxes or sell the offending shares or donate lots to charity. What did I miss? 1+ I seem to remember complaining about paying taxes on $55K of dividends/cap gains about 2 years ago a...
by renue74
Mon Nov 27, 2017 1:59 pm
Forum: Personal Consumer Issues
Topic: best cordless drill??
Replies: 71
Views: 5396

Re: best cordless drill??

I like the Milwaukee, has a good balance in the hand, but is a bit more pricey than the competitors in the large box stores. 1+ I rehab homes for a "hobby," and use Milwaukee tools. Cordless saws, drills, etc. I treat them like crap. Drop them, over torque them, get chemicals on them, but they alwa...
by renue74
Mon Nov 27, 2017 1:49 pm
Forum: Personal Consumer Issues
Topic: I have Microsoft Office 2007. Should I upgrade?
Replies: 37
Views: 2333

Re: I have Microsoft Office 2007. Should I upgrade?

My small office would upgrade MSFT for Mac every time a new version would come out. In the past 3-4 years, I have more millennials in the office and they wouldn't touch a MSFT product. They use Google docs or Open Office (Open Source). I've switched a lot of my docs to Google docs. It takes some get...
by renue74
Tue Nov 21, 2017 2:58 pm
Forum: Personal Consumer Issues
Topic: Anyone "re-door" their kitchen cabinets?
Replies: 13
Views: 1894

Re: Anyone "re-door" their kitchen cabinets?

3/4" MDF 4x8 sheets cost $40/sheet and 1/2" MDF 4x8 sheets cost $30/sheet at Home Depot. I'm going to re-door some cabinets (white shaker) I bought from craigslist to put into a rehab I'm working on. There are a ton of Youtube videos and I have the saws/router table, etc. to do the work. It sounds l...
by renue74
Tue Nov 21, 2017 2:37 pm
Forum: Investing - Theory, News & General
Topic: Dropping Term Life Insurance When Hitting Your Number
Replies: 30
Views: 4000

Re: Dropping Term Life Insurance When Hitting Your Number

For me term life is not about hitting my number, but more about keeping my wife and two kids (15 & 12) safe upon my demise. Once the children are out of the house and the house is paid for, I was assume my term life policy would be useless for us. It's basically for income replacement, but expenses ...
by renue74
Mon Nov 20, 2017 11:10 pm
Forum: Personal Consumer Issues
Topic: Want to build dream workshop/garage, but don't know how to start
Replies: 50
Views: 3693

Re: Want to build dream workshop/garage, but don't know how to start

All great suggestions so far. I'll suggest something you may not think about...start a Pinterest board.

Every little detail you find, you can Pin it and revisit it during design. You'll find that you don't like things you thought you did months ago. But your board is a great visual.
by renue74
Thu Nov 16, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Christmas Vacation on a budget
Replies: 16
Views: 2042

Re: Christmas Vacation on a budget

I'll offer something different. I follow many travel tips websites on twitter and every few days they'll share really low airfare deals. (The Flight Deal is the one I see most). But the deal is: • You have to be super flexible. Only a few flights at X discount. • You have to jump on the deal quickly...
by renue74
Tue Nov 14, 2017 10:33 am
Forum: Personal Consumer Issues
Topic: Looking for a Catamaran
Replies: 21
Views: 1956

Re: Looking for a Catamaran

I bought a monohull 23' Oday about 10 years ago. I loved it, took sailing lessons, and moored it at a lake about 80 minutes from my house (in-laws lake house). The first few years, we spent a lot of weekends there sailing and enjoying the water, but as my interests and my family's interest changed/d...
by renue74
Mon Nov 13, 2017 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Metlaw - Hyatt Legal
Replies: 5
Views: 763

Re: Metlaw - Hyatt Legal

Our company used to have a prepaid legal service back in the early 2000s. The few times we used them, they screwed up the names of the people involved or didn't do what they were supposed to do as far as drafting the appropriate documents. Just wasn't a good experience any time we used them. This wa...
by renue74
Fri Nov 10, 2017 3:11 pm
Forum: Personal Consumer Issues
Topic: Maximizing use of electrician - outlet repair/upgrades
Replies: 20
Views: 1769

Re: Maximizing use of electrician - outlet repair/upgrades

The 2014 NEC (Electrical Code) now requires AFCI breakers AND GFCI outlets in the kitchen and bathrooms (AFCIs only for the rest of the living areas). AFCI breakers are basically mini-GFCI's at the breaker...so it's like 2x protection. The problem is, AFCI seems to be really finicky. I just installe...
by renue74
Fri Nov 10, 2017 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 338
Views: 40704

Re: Did you tell anyone you paid off your mortgage?

How do you even bring that up in conversation?!?!? We typically don't even talk about money with our friends. I'm 43 and I think we're slated to pay off our mortgage in 3 years....right before our oldest goes to college. I'm not really sure I have anybody I know who cares I paid it off. The problem ...
by renue74
Fri Nov 10, 2017 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Buying bitcoin / Cryptocurrency to market cap (.3%)
Replies: 42
Views: 4810

Re: Buying bitcoin / Cryptocurrency to market cap (.3%)

For reference, I'm 32, not in the tech field. My computer's GPU at home is mining away... I'm curious...from what I've read, it's only a good idea to mine Bitcoin in an area with low cost Kw/h energy. China, Iceland, etc. I think I did read an article about a guy in the pacific NW who was mining a ...
by renue74
Fri Nov 10, 2017 10:21 am
Forum: Personal Consumer Issues
Topic: 450,000 American Airlines MILES gifted to me - how to book
Replies: 25
Views: 2674

Re: 450,000 American Airlines gifted to me - how to book

I've gotten plenty of tickets for my family and employees using my AA air miles. Never any problems at the gate or ticket counter check-in. I just make sure I get the full name as appears on driver's license and double/triple check the date of birth of whomever I'm getting the ticket for. When I get...
by renue74
Wed Nov 08, 2017 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4551

Re: Inexpensive house or condo as home base (MKE?)

Have you looked at housing in Thailand or Bali? Yes, in Thailand. And what did you conclude? I follow a guy on youtube from NC who moved to Thailand 2 years ago. The guy pays about $500/month for a decent apartment. Yes...in Thailand, you can find super cheap housing, but to be honest, I could prob...
by renue74
Wed Nov 08, 2017 6:51 pm
Forum: Personal Consumer Issues
Topic: DIY vs work extra and pay a pro
Replies: 37
Views: 3310

Re: DIY vs work extra and pay a pro

I read a lot of the posts above and noticed the "stress" buzz word. I own rental properties and am in the middle of a 10 month rehab (taking down to the studs) on a 80 year old house. For me, doing work around the house is a hobby....a labor of love. 90% of the weekends for the last 10 months, I've ...
by renue74
Tue Nov 07, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: Coffee makers: Moka, French Press, etc.
Replies: 64
Views: 5802

Re: Coffee makers: Moka, French Press, etc.

Thanks to another post on this forum, I bought a moka pot earlier this year. I'm not a huge coffee drinker. My wife uses the Kuerig. But, I bought the moka pot and a very small hand held bean grinder. I think it's more of a travel grinder, but it works great. I use the Lavazza Super Krema beans and ...
by renue74
Tue Nov 07, 2017 10:34 am
Forum: Personal Consumer Issues
Topic: Fair Price for a Kitchen Remodel
Replies: 37
Views: 4246

Re: Fair Price for a Kitchen Remodel

The building industry is booming these days. I'm rehabbing (taking down to the studs) an old 1935 craftsman bunglow in the southeast and have been working on it for 10 months. I end up doing a lot of work myself and on the weekends. (Youtube is my best friend) You can't find subs to do the work for ...
by renue74
Mon Nov 06, 2017 3:23 pm
Forum: Personal Consumer Issues
Topic: Mold Discovered in Potential House Purchase
Replies: 27
Views: 3197

Re: Mold Discovered in Potential House Purchase

If you like the house and want to make the offer, make it with the contingency the buyers remedy the mold issue and also have your home inspector re-inspect for the remedy to ensure it was performed correctly. As long as the cause of the mold is fixed and the existing mold is abated, you have no iss...
by renue74
Mon Nov 06, 2017 1:56 pm
Forum: Personal Consumer Issues
Topic: Projector Setup in Basement
Replies: 24
Views: 1882

Re: Projector Setup in Basement

About 7 or 8 years ago, we revamped our basement. We have a drop ceiling and I ran the HDMI cable and bought a $900 BenQ 1080 project. Got a mount for about $50. We also did the electrical ourselves. The wall is about 16' from the projector and the image is 100" diagonal. Plenty large enough for a 2...
by renue74
Thu Nov 02, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle
Replies: 10
Views: 1995

Re: Side Hustle

• Amazon FBA Reseller

• Blog w/ Google Adsense (Research the best markets such as student loan debt)....run Facebook ads to drive traffic to your site.) I actually had a client quit his day time job because he was making $200K to $300K per year doing this.

• Photography (Xmas, family, pet, etc.)
by renue74
Wed Nov 01, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4551

Re: Inexpensive house or condo as home base (MKE?)

How much stuff do you have? Could you not store it with family? I read a blog about a retired couple who traveled all the time using AirBnB, Homeaway, etc. "Nomadic retirees." Why not look for a super cheap state with no state taxes and home base there? Somewhere near a major airport. I'm not sure h...
by renue74
Thu Oct 26, 2017 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Index investing is boring
Replies: 63
Views: 6546

Re: Index investing is boring

In addition to index investing, I have some rental houses, seller financed notes, and some personal promissory notes. Every month I have to chase down the people who owe me money, while I look at my Vanguard account and don't do that much work. You could take all your money and invest in other things.
by renue74
Wed Oct 25, 2017 7:06 am
Forum: Personal Consumer Issues
Topic: Do I Need a Chimney Cap?
Replies: 28
Views: 2367

Re: Do I Need a Chimney Cap?

We live in the Southeast. In 2002, when we bought our house, we had bats in our chimney. Exterminator came out and fixed that issue and urged us to get a chimney cap. We did and all is well.

I would suggest you get one.
by renue74
Wed Oct 25, 2017 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Pivoting a small business
Replies: 4
Views: 742

Re: Pivoting a small business

Thank you all for the info. Good encouragement and good information.

I'm going to lay out some potential scenarios, discuss with my wife, and go from there. The one thing I definitely know is that I need a change.
by renue74
Tue Oct 24, 2017 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Pivoting a small business
Replies: 4
Views: 742

Pivoting a small business

I've worked/own the same small marketing agency for 18 years. Over the years, I purchased it from my retired business partner. Small shop, 4 people...about $400K to $600K per year in revenue. Before that, I worked for only 2 other companies out of college in the late 90s. I'm 43. Lately, I've been n...
by renue74
Tue Oct 24, 2017 2:56 pm
Forum: Personal Consumer Issues
Topic: HELP! Possible Mold in House
Replies: 14
Views: 1785

Re: HELP! Possible Mold in House

Mold is the new asbestos. A trigger word that is set to trigger fear. Mold abatement is a pretty easy process, but before going that route, go to a big box store and get a mold test kit and send it away. In our upstairs, all around the wall edge, the carpet is darker. It's been like that forever. (W...
by renue74
Mon Oct 23, 2017 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Question : Paying off Mortgage
Replies: 26
Views: 3186

Re: Question : Paying off Mortgage

The only debts worth paying off early are revolving lines of credit and ones with really painful interest rates. HELOCs and checking-account linked lines of credits can be drawn against if you need the money again, so paying them down early hardly loses you any optionality. Actually, I'd be extreme...
by renue74
Sun Oct 22, 2017 7:55 pm
Forum: Personal Consumer Issues
Topic: Installing a slide inside a home?
Replies: 39
Views: 3274

Re: Installing a slide inside a home?

The presence of a slide would be off putting to me. You'll probably alienate at least 2 groups of people: #1 people with very small children who are afraid they will slide down unexpectly and #2 sensible people who have no children and don't see the fun in a slide. If you do install a slide, it shou...
by renue74
Wed Oct 18, 2017 3:18 pm
Forum: Personal Consumer Issues
Topic: Stains coming through white painted wood stair risers
Replies: 12
Views: 1016

Re: Stains coming through white painted wood stair risers

It's tannin staining. You'll need to use a shellac or oil based primer for stubborn stains.

Visit a Sherwin-Williams or Ben Moore and tell them your issue. They'll provide a better primer than what you'll get at the big box stores.
by renue74
Wed Oct 18, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: bitcoin makes you rich
Replies: 49
Views: 5664

Re: anhybody buying bitcoin

Bitcoin is up 425% since January 1st. I had purchased some in April 2016 to use with a bitcoin only marketplace for Amazon products. I ended up leaving it in my Coinbase account and it went from $150 to $500 a few months ago. I sold it. The roller coaster of Bitcoin would be pure speculation. Plus, ...
by renue74
Tue Oct 17, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: how long did it take to get used to retirement
Replies: 105
Views: 11978

Re: how long did it take to get used to retirement

I'm 43 and a long way from retirement, but my business partner who retired about 5 years ago got antsy. He ended up volunteering with SCORE and used his background to help start up companies. I'm not going to comment on his effectiveness in this, but he does spend a lot of time doing it. If you're n...
by renue74
Mon Oct 16, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus pushed back - should I be annoyed?
Replies: 43
Views: 3909

Re: Bonus pushed back - should I be annoyed?

I own a very small business...4 people. Personally, I do give bonuses and its' based loosely on the past fiscal year performance of the company, the input and effectiveness of the employee, and our general company wellness. Say we had a great year in FY 16-17...but the last 4 months we've lost big c...
by renue74
Mon Oct 16, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: couple of questions regarding inflation and the 4% rule
Replies: 19
Views: 2358

Re: couple of questions regarding inflation and the 4% rule

Up until 2015, I had a FA. When we did our annual visits, she always used 3% as the rate of inflation as a conservative benchmark.

I've developed a huge Google sheet that has our retirement projections at different ages and using different scenarios. I still use 3% for that.
by renue74
Mon Oct 16, 2017 12:55 pm
Forum: Personal Consumer Issues
Topic: Where to notarize legal zoom documents? Trouble getting witnesses
Replies: 14
Views: 1390

Re: Where to notarize legal zoom documents? Trouble getting witnesses

Your local bank. If you're a customer most banks do it for no fee.
by renue74
Fri Oct 13, 2017 3:20 pm
Forum: Personal Consumer Issues
Topic: How many miles/years do you keep your car?
Replies: 108
Views: 9256

Re: How many miles/years do you keep your car?

Bought a used 2005 Honda Pilot with 45K miles on it about 4 years ago. (Lady only drove it around town to pickup kids) I have 140K miles on it now and do the regular services on it. (timing belt, etc.) Rule of thumb is to drive my vehicle into the ground and when I start have major repair work done....
by renue74
Fri Oct 13, 2017 2:26 pm
Forum: Personal Consumer Issues
Topic: Washington DC Trip
Replies: 25
Views: 2263

Re: Washington DC Trip

I don't have advise on the transportation, but do suggest you reach out to your congressman's office for tickets. I wasn't aware of this until we planned a DC trip last summer (ended up not going), but I reached out to my congressman's office and they set up various tickets/visits for us. The respon...
by renue74
Fri Oct 13, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Best Career Advice for those over "50"
Replies: 60
Views: 7738

Re: Best Career Advice for those over "50"

OP, The best career advice is to retire and/or be FI before 50 years old. That was my plan. I saved 30+% of my gross income in order to achieve that. But, I lost 50% of my investment because I gambled on Telecom stock. Or else, I would have met my goal. After that mistake, I have to retire or FI af...
by renue74
Fri Oct 13, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Itemized Tax Deductions
Replies: 10
Views: 958

Itemized Tax Deductions

I just finished my 2016 tax return (yes, I tend to always file an extension). I'm 43 and wife is 47. We solidly in the 25% tax bracket and our itemized deductions were only $12,618, a whopping $18 over the standard deduction for married filing jointly couple. • We are close to paying off our house (...
by renue74
Thu Oct 12, 2017 7:54 pm
Forum: Personal Consumer Issues
Topic: Refinish hardwood or new carpet
Replies: 8
Views: 905

Re: Refinish hardwood or new carpet

If you put carpet back in, expect to change it out after one to two tenants. In my experience, it's toast after one tenant usually. If you refinish hardwoods, the going rate in my area is $2.50 per square foot to sand, patch any minor defects, and 3 coats of polyurethane. (Southeast) Prices could be...
by renue74
Thu Oct 12, 2017 3:32 pm
Forum: Personal Consumer Issues
Topic: Tracing House Wiring
Replies: 10
Views: 1083

Re: Tracing House Wiring

I just went through this with a remodel I'm working on. I'm not an electrician, but I helped the electricians run wire in a 1935 craftsman bungalow. After we ran the wiring and I had them wire the new breaker box, there were some "questions," I had about where some of the home run wires went, etc. Y...
by renue74
Thu Oct 12, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: How young is too young to retire.
Replies: 55
Views: 9459

Re: How young is too young to retire.

I'm thing I'm for sure....when you walk out that door, they aren't going to give you a gold watch and they aren't going to really miss you. Bonus....on your obituary, they aren't going to say "He was a good worker and manager." I'm never one to think about what other people think about me...so I wou...
by renue74
Tue Oct 10, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 11689

Re: Third time in my 32 year career I have been laid off

Go freelance. There are a ton of projects out there. I hate, hate, hate recruiters because I run a small web design shop and they always are bugging my employees. If you actively want work, I think you'll be fine in easily seeking it out. If you're a PHP developer with some Laravel framework backgro...
by renue74
Fri Oct 06, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Question RE: Transferring assets from EJ to Vanguard
Replies: 7
Views: 607

Re: Question RE: Transferring assets from EJ to Vanguard

No need to hang onto the funds. Sell them in your EJ account. Wait for the $ to hit and then transfer the IRA account to Vanguard. Then buy your Target Fund. EJ will hit you with a transfer fee and take that out of the $ you transfer. You'll sell first at EJ. Then after you know the money is in the ...
by renue74
Fri Oct 06, 2017 8:23 am
Forum: Personal Consumer Issues
Topic: Too much house? (nervous 1st time buyer)
Replies: 57
Views: 5713

Re: Too much house? (nervous 1st time buyer)

Rent. Every person I've known who bought a home as a single person and then eventually got married ended up selling the home and buying together. EVERY PERSON. #1: Your price point is pretty much at the upper level of what you can afford. #2: There will be additional expenses (HOA, Property Taxes, M...
by renue74
Thu Oct 05, 2017 10:05 am
Forum: Personal Consumer Issues
Topic: Steep Uneven Floor in an Old House
Replies: 26
Views: 2160

Re: Steep Uneven Floor in an Old House

Sloping in an old house is going to happen. I'm currently rehabbing a 1935 house and changed out floor joists back in the spring, plus jacked up the house foundation beams and shimmed under them. As a tenant, I would just go to the landlord and ask him to take a look. I would let him know that you w...
by renue74
Wed Oct 04, 2017 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Financial arrangement for in-laws in guest house
Replies: 13
Views: 1486

Re: Financial arrangement for in-laws in guest house

Just let them gift you money each year as they see fit. Then there are no contracts, no tax implications, and they can stop or adjust the amount over time if they want/need to. Individuals can give other individuals up to $14,000 a year tax free without having to even report it to the IRS. So the t...
by renue74
Wed Oct 04, 2017 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Bonds in Both 401K and Taxable?
Replies: 9
Views: 986

Re: Bonds in Both 401K and Taxable?

I have bonds in my taxable account....simply because I've maxed out all my bond allocation space in my tax deferred accounts and still need addition bonds to meet my asset allocation.

So yes...at some point, bonds in taxable may be necessary.