Search found 1145 matches

by renue74
Fri Apr 06, 2018 8:37 am
Forum: Personal Consumer Issues
Topic: How to re-wire an antique lamp
Replies: 15
Views: 1042

Re: How to re-wire an antique lamp

Amazon and Youtube are your friends. You can pick up a rewiring kit for about $15 on Amazon: https://www.amazon.com/dp/B00RQVUK9C/ref=asc_df_B00RQVUK9C5429997/?tag=hyprod-20&creative=395033&creativeASIN=B00RQVUK9C&linkCode=df0&hvadid=216516247812&hvpos=1o3&hvnetw=g&hvrand=5462800501065004938&hvpone=...
by renue74
Wed Apr 04, 2018 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: LLC for rental property?
Replies: 20
Views: 1763

Re: LLC for rental property?

Even LLC members can take monthly draws. It all passes through to your personal income taxes anyways. I have several residential rental properties and attempted to set up an LLC in the beginning, but I would do cash out refi's and no bank would loan the LLC money. So, I gave up and hold all property...
by renue74
Wed Apr 04, 2018 3:11 pm
Forum: Personal Consumer Issues
Topic: Want/need some income in semi-retirement
Replies: 90
Views: 7435

Re: Want/need some income in semi-retirement

Home grocery delivery companies look for shoppers in my area.

Instacart and Shipt are the two I see looking.

Pay $25/hour.

If you like to grocery shop, it may be a good, part time gig.
by renue74
Wed Apr 04, 2018 8:23 am
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 11908

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

From the outside looking in, we think..."oh goodness, how can they make due. How can they live like that?" But we all make our own lifestyles and to them, the lifestyles they made are their normal. It's not, "we're missing out on so much to save for retirement." In our own ways, we all have this. Fo...
by renue74
Wed Apr 04, 2018 8:11 am
Forum: Investing - Help with Personal Investments
Topic: How do Bogleheads Take Advantage of Dips When Fully Invested?
Replies: 55
Views: 7760

Re: How do Bogleheads Take Advantage of Dips When Fully Invested?

We are 65/35 stock/bond AA. With a 5% band before rebalancing. Even with the extreme changes lately, we haven't hit our rebalance number yet. If we do, we'll do what others indicate....sell bond funds, buy stock funds, etc. Any new money that we put in, continues to go into our preselected funds (to...
by renue74
Tue Apr 03, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: Health club memberships
Replies: 34
Views: 3832

Re: Health club memberships

That BCBS was a very good deal. I have many, many YMCA clients and they average $50-$70 per month for a single adult membership (visiting different locations). If I were you, maybe search out a club that is near your work or home and get pricing. There are multi-access memberships such as ClassPass...
by renue74
Tue Apr 03, 2018 3:14 pm
Forum: Personal Consumer Issues
Topic: Health club memberships
Replies: 34
Views: 3832

Re: Health club memberships

That BCBS was a very good deal. I have many, many YMCA clients and they average $50-$70 per month for a single adult membership (visiting different locations). If I were you, maybe search out a club that is near your work or home and get pricing. There are multi-access memberships such as ClassPass,...
by renue74
Tue Apr 03, 2018 12:45 pm
Forum: Personal Consumer Issues
Topic: Experience selling car to Carmax?
Replies: 103
Views: 158350

Re: Experience selling car to Carmax?

Just bought a car from CarMax in Nov. 2017. Wife had a 2005 Nissan Quest. 145K miles. I had just put about $1500 of work into it. Timing chain, new radiator. CarMax offered $1000 for it. I sold it for $2900 on craigslist. I showed it to one person at a common meeting point about 5 miles from my hous...
by renue74
Thu Mar 29, 2018 10:54 am
Forum: Personal Consumer Issues
Topic: Venice Suggestions
Replies: 14
Views: 1115

Re: Venice Suggestions

Wife and I were there a couple summers ago. We did all the touristy things you mention. Some other ideas: • Cicchetti Tour - Venice is known for their small appetizer/bite size cicchetti. A tour will take you around to various bars and let you sample the best. • Torcello - island near Burano that no...
by renue74
Wed Mar 28, 2018 9:37 am
Forum: Personal Consumer Issues
Topic: Lawyer instead of buyer's real estate agent? Experience anyone?
Replies: 54
Views: 5592

Re: Lawyer instead of buyer's real estate agent. Experience anyone?

Our state requires a closing attorney. I've bought homes before without a buyers agent. Really...all an agent does is push paper to the closing attorney. The attorney seems to do all the major leg work. Our state has a standard offer to purchase document that I use and it covers all the bases...term...
by renue74
Wed Mar 28, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Local Credit Union will not do a Cash Out Refi.
Replies: 19
Views: 1736

Re: Local Credit Union will not do a Cash Out Refi.

Try different banks. I buy rental property for cash and then later do cash out refis. I've found some banks just don't like to deal with them.

I found First Citizens is very friendly to these types of loans.
by renue74
Tue Mar 27, 2018 2:53 pm
Forum: Personal Consumer Issues
Topic: Purchasing an instrument
Replies: 25
Views: 1464

Re: Purchasing an instrument

My youngest (13 year old) decided percussion was going to be his thing in middle school band last year. The price of an xylophone was crazy and we actually ended up going to a few local pawn shops and found a great deal on a lightly used one for 1/6th the cost of a new one. So...you may want to try ...
by renue74
Tue Mar 27, 2018 10:33 am
Forum: Personal Consumer Issues
Topic: Knob and Tube rewire cost
Replies: 39
Views: 4658

Re: Knob and Tube rewire cost

I just did a rewire in an 80 year old house with K&T. We were pulling the walls down and putting up drywall....so we had easy access to the wall studs to put the switches/boxes/wiring in. I did a ton of work myself....buying the 14/2 and 12/2 wire, plus all the switches, boxes, staples, light/ceilin...
by renue74
Mon Mar 26, 2018 6:53 pm
Forum: Personal Consumer Issues
Topic: Savannah or Charleston?
Replies: 49
Views: 4625

Re: Savannah or Charleston?

I live in SC. Been to both towns many, many, many times.

Charleston...hands down is better to visit. So much to do, so much to eat.

Take a ghost tour, go on a horse drawn carriage ride, go out drinking, eat, and eat some more.
by renue74
Mon Mar 26, 2018 3:39 pm
Forum: Investing - Theory, News & General
Topic: More bad news for Wealthfront
Replies: 30
Views: 7988

Re: More bad news for Wealthfront

I actually found Wealthfront in 2014....after reading about a Silicon Valley founder who sold his business and was touting he had put some of his funds into WF. Back then, I had a FA and considered moving part of our portfolio to WF and self managing the rest in Vanguard, getting rid of the FA. The ...
by renue74
Mon Mar 26, 2018 3:24 pm
Forum: Personal Consumer Issues
Topic: St. Augustine long weekend...rental car needed?
Replies: 11
Views: 1254

Re: St. Augustine long weekend...rental car needed?

My folks used to live in St. Augustine. The downtown area really has 98% of anything you would want to see. As others said, the Lighthouse and Alligator Farm are about 1 mile from downtown on a slightly busy A1A road. I would get the cheap rental car. You may want to drive down to Marineland, etc. T...
by renue74
Fri Mar 23, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: One month summer vacation with kids age 10 & 12
Replies: 7
Views: 591

Re: One month summer vacation with kids age 10 & 12

I agree...AirBnb would be easier. With a camper, you have to worry about breakdowns, driving it, finding camper appropriate places, parking it, theft, etc. Estes Park, CO is nice. It sounds like you are looking for an active vacation. Maybe a potential whitewater raft trip...longer term. Raft & camp...
by renue74
Thu Mar 22, 2018 8:25 am
Forum: Personal Consumer Issues
Topic: Your favorite Florida beach??
Replies: 52
Views: 5397

Re: Your favorite Florida beach??

Sanibel Island I took my kids there last July 4th week. Great beaches for shell hunting and not very crowded. We found shells like we've never seen before. Nice bike lanes, good food venues, close to Ft. Myers, etc. But, I wouldn't call it a lively night life place. There are plenty of restaurants a...
by renue74
Wed Mar 21, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Home equity as part of retirement plan
Replies: 59
Views: 4402

Re: Home equity as part of retirement plan

We're easily 12-15 years from retirement. I'm 43. I count the primary home in my retirement projections because we are a few years from paying it off now and plan to not move (upgrade or downgrade) any time in our working careers. At retirement, we have some other downsize worthy property that we wo...
by renue74
Wed Mar 21, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: Drink package on Royal Caribbean, worth it?
Replies: 73
Views: 8229

Re: Drink package on Royal Caribbean, worth it?

We went on a Carnival cruise last summer. We are not big drinkers, either...but I think it worked out well for us. Glass of wine at dinner, 2 or 3 frozen drinks by the pool, meet friends at the bar before dinner, visit the casino after dinner or go to a comedy show....all of a sudden, you've had 5 o...
by renue74
Thu Mar 15, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property Financial Calculator Advice
Replies: 3
Views: 403

Re: Rental Property Financial Calculator Advice

Rentals vs. investing....you haven't supplied enough data on your location, etc. to estimate whether you are in a good rental market. But, the underlying comments you made indicate you don't wish to buy any additional rental properties....you should listen to yourself. Sure...if you move, you could ...
by renue74
Thu Mar 15, 2018 11:04 am
Forum: Personal Consumer Issues
Topic: Thoughts on Myrtle Beach
Replies: 26
Views: 3019

Re: Thoughts on Myrtle Beach

I've lived in the Carolinas for 35 years. Near Charlotte. As a child, my family would take summer vacations to MB and Garden City (about 20 min south of MB)...back when you all got into the station wagon, drove to MB and drove by the hotels to see if the "Vacancy" neon light was on. My dad, retired ...
by renue74
Mon Mar 12, 2018 4:03 pm
Forum: Personal Consumer Issues
Topic: Building a website-Looking for advice
Replies: 6
Views: 418

Re: Building a website-Looking for advice

I own a small web design firm...but we cater to larger businesses who need customized web apps.

For a starter site, you might want to look at wix.com or squarespace.com.

Both offer really nice looking templates that you can customize to your needs. I've never been a fan of Godaddy.

Thx
by renue74
Mon Mar 12, 2018 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: College costs not covered by 529
Replies: 30
Views: 2699

Re: College costs not covered by 529

I would think that having a student responsible for his/her own cell phone bill after high school graduation would be a good start on the march toward financial independence from parents. Offhand I'm not seeing exactly why a parent would need to fund a college student's cell phone bill.... Heh, off...
by renue74
Fri Mar 02, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: New construction woes
Replies: 30
Views: 3224

Re: New construction woes

I don't see why you would hire an inspector when you already know whats wrong. Like others have said, write up a punch list and the conversation with the builder should be about what they are going to do to get these items resolved and when. Get timelines in writing and if they don't follow through...
by renue74
Thu Mar 01, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Move or renovate?
Replies: 19
Views: 1515

Re: Move or renovate?

I live in a home built in 1995. We moved into it August 2002. When we first moved in, we did replace the living room carpet with real hardwoods, but that was about it. Over the years, I've done little things...like replace some of the sink faucets with newer ones, etc. I have some rental property an...
by renue74
Tue Feb 27, 2018 8:35 am
Forum: Personal Consumer Issues
Topic: Duke University TIP Program Questions
Replies: 15
Views: 1480

Re: Duke University TIP Program Questions

My 7th grader qualified. We did it only so he could take the SAT and see how it worked. We have no intentions of sending him to any TIPs camps. There are other summer programs he's interested in where his friends will go as well or he has more interest in. He's a normal kid, has friends, is semi-soc...
by renue74
Wed Feb 21, 2018 11:53 am
Forum: Personal Consumer Issues
Topic: Multiple Offer situation/should we pull our offer?
Replies: 72
Views: 6363

Re: Multiple Offer situation/should we pull our offer?

If you feel the offer was in bad faith and possibly above the market level, I would pass. First rule in home buying, never get attached to the property. Look at the comps, if the house is on the high end vs. the last 6 month comps, why not pass and move on. There will be others. Nobody ever went hom...
by renue74
Wed Feb 21, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: House rewiring - cost of copper
Replies: 29
Views: 2349

Re: House rewiring - cost of copper

I rewired a 1600 sq/ft 1935 house last summer. I bought most of the wire myself and ran it with a buddy. 1000' ft of 14/2 (white) romex wire cost about $200 at HD. The kitchen and bathrooms GFCIs, and the washer require 12/2 (yellow) wire. Dryer 10/3 (black) and stove 6/3. Some 14/3 for 2way switche...
by renue74
Tue Feb 20, 2018 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: How do I unwind this Wealthfront mess?
Replies: 75
Views: 10677

Re: How do I unwind this Wealthfront mess?

It amazes me that folks have portfolios like this in taxable accounts and buck the suggestions of others when it comes to capital gains/paying taxes on their earnings to unwind positions. There aren't that many options to do what you're looking for. "Wait, I made tons of money on stocks, but now I'v...
by renue74
Mon Feb 19, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: To refi or not to refi?
Replies: 10
Views: 687

Re: To refi or not to refi?

You're all over the place with your post. If you had bullet pointed your compensation and liabilities and then asked pointed questions, you probably would get more answers. It looks like you have $218K in loans, but they are all at good, low interest rates. • Refi the mortgage sounds fine to me. I'm...
by renue74
Fri Feb 16, 2018 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Does the absence of need for a legacy affect your AA or SWR?
Replies: 24
Views: 2092

Re: Does the absence of need for a legacy affect your AA or SWR?

This may sound coarse, but even if there are children/grand children, I'm not planning my retirement/AA around them. We've invested in our children, saved 100% for their college tuition and will help them along through life, but I'm not changing the way I live in order to share a legacy with them. T...
by renue74
Tue Feb 13, 2018 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Selling a rental property
Replies: 15
Views: 1337

Re: Selling a rental property

Check recently sold properties within your area that are comparable to your house. Zillow has that and also most county websites have recently sold info in their GIS area. (My county does) Zillow can be even wrong on the recently sold stuff....so don't put a lot of stock in them. Sell the property A...
by renue74
Mon Feb 12, 2018 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Is Rental Property/Income Same as Bonds
Replies: 38
Views: 2776

Re: Is Rental Property/Income Same as Bonds

I've asked this before on here, and folks usually say no. However, I have literally been smiling all month as the equity and crypto markets are dropping, while the rent checks keep flowing in. It makes me feel good in some perverse way. I'm honestly not sure why I hold any bonds! 8-) Do you always ...
by renue74
Mon Feb 12, 2018 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Is Rental Property/Income Same as Bonds
Replies: 38
Views: 2776

Re: Is Rental Property/Income Same as Bonds

I've asked this before on here, and folks usually say no. However, I have literally been smiling all month as the equity and crypto markets are dropping, while the rent checks keep flowing in. It makes me feel good in some perverse way. I'm honestly not sure why I hold any bonds! 8-) Do you always ...
by renue74
Mon Feb 12, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant not doing taxes while you are there
Replies: 53
Views: 6722

Re: Accountant not doing taxes while you are there

I haven't seen my accountant in 6 or 7 years.

I send her all the documents electronically and she sends me a review copy of my return and then I digitally sign. Could be weeks before she does them.
by renue74
Mon Feb 12, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Help me NOT pay for a financial planner!
Replies: 15
Views: 2034

Re: Help me NOT pay for a financial planner!

Your wife is looking to outside guidance simply for the "are we doing things the right way?" Every few years my wife does the same thing. We left our FA in 2015 after reading this wiki and forum. Knowing how to save and manage your money is way more important than relying on an FA to manage it. Mayb...
by renue74
Mon Feb 12, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Going Paperless Issues
Replies: 68
Views: 4803

Re: Going Paperless Issues

I have all my monthly bills set up to be paid automatically either from a credit card or from my checking account. I've read of people who had similar configurations. They drop dead and no one knows until they drain their accounts... months, possibly years later. I do most everything manually. Ummm...
by renue74
Mon Feb 12, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: Home buying: how to send postcards to neighborhood we want to live in?
Replies: 38
Views: 4391

Re: Home buying: how to send postcards to neighborhood we want to live in?

This type of stuff happens all the the time. It's sort of an offshoot of "driving for dollars," where investors drive around neighborhoods and look for aging homes and find the owners in public tax records. I don't feel like this is an exceptional use of your time. Zillow has the "make me move" opti...
by renue74
Mon Feb 05, 2018 9:26 am
Forum: Personal Consumer Issues
Topic: Ever Thought of Suing (or Sued) A Waterproofing Company?
Replies: 20
Views: 1803

Re: Ever Thought of Suing (or Sued) A Waterproofing Company?

Read your warranty. Don't depend on them to tell you what the warranty says. Most likely they limited their liability. Bringing suit something like this is very costly and probably not easily done. I would suggest getting a 2nd opinion from another company before any other remediation is made. Then ...
by renue74
Fri Feb 02, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage and other cash plays
Replies: 15
Views: 1468

Re: Pay off mortgage and other cash plays

With the amount of uncertainty with your spouse's job change, I would not suggest putting your cash into house, an illiquid asset. Develop an investment plan, which includes a substantial emergency fund (even if the fund is not a traditional money market account, etc.) and revisit your plan as his c...
by renue74
Thu Feb 01, 2018 3:27 pm
Forum: Personal Consumer Issues
Topic: Trex Decking Without Fascia
Replies: 27
Views: 2150

Re: Trex Decking Without Fascia

Hi everyone. We have received quotes from 4 different companies to tear down our wood deck and replace it with Trex composite. Our deck is 20 X 15, or 300 sq ft. The lowest quote we received was for $9K, but this is the Select model and does not include the fascia boards. I tried looking online to ...
by renue74
Thu Feb 01, 2018 12:11 pm
Forum: Personal Consumer Issues
Topic: Trex Decking Without Fascia
Replies: 27
Views: 2150

Re: Trex Decking Without Fascia

I'm a DIY'er and installed Trex on my 16x20 deck about 5 years ago. It was the older version of Tex and I don't have fascia covering the ends, but the deck is raised about 15 ft. If I were you, I would definitely get the fascia. The demo work is actually the easy part. They make tools specifically d...
by renue74
Wed Jan 31, 2018 9:21 am
Forum: Personal Consumer Issues
Topic: Selling a home yourself after cancelation of Realtor listing:
Replies: 18
Views: 2115

Re: Selling a home yourself after cancelation of Realtor listing:

Waiting the 90 days will put you back into the Spring selling season, which is prime time for real estate sales. I agree...wait the 90 days and in the meanwhile identify why your property didn't sell and remedy that. Declutter, spruce up the landscaping, plant grass seed, remove personal photos, pai...
by renue74
Mon Jan 29, 2018 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Should I use taxable dividends to bump 403b?
Replies: 3
Views: 293

Re: Should I use taxable dividends to bump 403b?

This is what we do. Most of our investments are in taxable accounts. Wife = teacher for 13 years and just realized she had a 403b option in addition to her pension. So, I "asked" her to contribute $1500/month to the 403b and buy Total Bond Fund with that....then each month, I'll sell off $1500 of bo...
by renue74
Fri Jan 26, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Are 100-year old homes junk?
Replies: 62
Views: 2963

Re: Are 100-year old homes junk?

I bought a 83 year old bungalow last year and will use it as a rental property. It's 2 blocks from the local college. I took it down to the studs, removed plaster/lath, old knob & tube wiring and 2x4 ceiling joists. It's a solid house with real 2x4 studs and quartersawn heart pine original flooring....
by renue74
Fri Jan 26, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Turn 75,000 into 1 million
Replies: 42
Views: 7515

Re: Turn 75,000 into 1 million

Any advice how to turn 75,000 into 1 million by age 65? Current age is 43...or is it impossible? That's 22 years. 0. Invest in the next "Apple", "Amazon.com", etc. 1. Use the money to get a Medical degree and practice in a high paying speciality. 2. Or, pay for a law degree and get elected to gover...
by renue74
Thu Jan 25, 2018 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Your bond allocation when you were 48
Replies: 125
Views: 7301

Re: Your bond allocation when you were 48

Age: 43, Wife: 48

66/34 stock/bonds

Hope to retire mid 50s.
by renue74
Wed Jan 24, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing from 100% to 70/30: bite the bullet and pay LTCG taxes?
Replies: 7
Views: 866

Re: Rebalancing from 100% to 70/30: bite the bullet and pay LTCG taxes?

You don't need to pay LTCG if you rebalance your tax deferred accounts into appropriate bond funds.

As others have said, your portfolio should act as one entity. Set it up to where your IRAs hold your bonds. If you sell and buy in your IRAs, no LTCG hits will happen.
by renue74
Wed Jan 24, 2018 9:59 am
Forum: Personal Consumer Issues
Topic: Which tropical Island to Retire to ?
Replies: 61
Views: 5788

Re: Which tropical Island to Retire to ?

Pete12 wrote:
Wed Jan 24, 2018 9:34 am
We've had our eye on Del Boca Vista, FL for a while now- they are building phase III at the moment, would be nice to move into a new construction! I've heard though that there are some politics with the HOA board down there- will have to stay out of that...
At least they celebrate Festivus.